Input: How To Figure Out How Much Car Insurance Will Be?

Output: You can figure out how much your car insurance will cost by going online and comparing quotes . You 'll have to provide some basic information such as the type of car you drive , your age , zip code etc. . . Also , as experienced brokers , we can be contacted directly and we will `` shop '' the top-rated carriers for clients . Of course , if you have existing coverage , do n't cancel a policy unless you are already approved for new coverage .


Input: When Can You Disenroll From A Medicare Advantage Plan?

Output: It is best to look at the open enrollment period for the smoothest transition . However there may come a time when you just can not continue to have the coverage and need to make a change . These plans are not intended for members to jump into and out of them but there is always an option to get out and return to a traditional medicare plan . You would have an option of looking into a supplement as well . The best way to deal with this situation is to speak with an agent that understands Medicare and its rules .


Input: Will My Car Insurance Go Down When I Turn 20?

Output: That will really depend on the carrier . Each carrier sets their own equations for how they arrive at your auto insurance premium . Your carrier may or may not have a price break built into their auto insurance rates that would affect your rate at the next renewal after your 20th birthday . I would suggest contacting your local agent or the carrier of your auto insurance coverage to ask them about the availability of a rate change at 20 years old .


Input: What Is Zero Deductible Health Insurance?

Output: Zero deductible means exactly that - there is zero deductible . A deductible is the amount you have to pay first before the plan benefits kick in -LRB- there may be some benefits in which the deductible is waived -RRB- . Remember there are also copays and coinsurance . Therefore , it is smart to look at the maximum you might have to pay , which is called the Maximum Out Of Pocket . Your deductible might be $ 3500 , but the MOOP might be $ 9500 !


Input: How Are Annuities Taxes?

Output: Non-qualified tax deferred annuities that generate gain in the policy are subject to ordinary income tax at the effective tax bracket rate of the annuity owner . With the exception of lifetime annuitization of deferred annuities and life only immediate annuities , gain is distributed first , then basis . Lifetime annuitization pays the annuity basis as part of the payout until the basis has been distributed ; then the entire payment is policy gain and subject to ordinary income tax . The basis is amortized to the life expectancy of the annuitant . This is called the exclusion ratio , because basis is excluded from taxes .


Input: Who Needs Medigap?

Output: Anyone 65 or older on Medicare who wants to create a very predictable healthcare expense structure where they do n't leave themselves exposed to many costs and high hospital/doctor bills should buy a Medigap plan . Original Medicare -LRB- Parts A & B -RRB- only cover about 80 % of a senior 's health care expenses , leaving the insured responsible for the other 20 % . While 20 % does n't sound like a very big figure , it can add up to a nice big medical bill really fast . For example , if you had a procedure done that cost $ 10,000 and Medicare paid for 80 % -LRB- $ 8,000 -RRB- , you would be responsible for the other $ 2,000 of the bill - how many people can just get out their checkbook and write a check for that amount ? That number can be a lot higher too . The idea of a Medicare Supplement plan -LRB- commonly referred to as a Medigap Plan -RRB- is to cover the gaps in coverage that Medicare does n't pay for -LRB- e.g. that other 20 % -RRB- . You pay a monthly premium to get these gaps covered so you 're not hit with large bills . The resulting major advantage is it allows a senior to create a much , much more predictable health care expense structure - and when you 're on a fixed income , this is vital . A plan F is the most comprehensive Medicare supplement plan available in the marketplace today - plans C , G , and N are very competitive as well . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: Who Needs Medigap?

Output: If you have Original Medicare Part A and Part B , you are responsible for twenty percent of your medical costs , the Part A deductible -LRB- $ 1,216 in 2014 -RRB- and the Part B deductible -LRB- $ 147 in 2014 -RRB- . A Medigap Plan helps cover the deductibles , co-insurance and co-pays associated with Original Medicare . Often , people will wait until a significant health issue arises and then start looking into Medigap insurance . Unless you are still in your initial enrollment period or another guaranteed issue situation , you will have to pass medical underwriting requirements with the insurance company . The insurance companies are not obligated to sell you a policy because Medicare Supplement insurance does not fall under the Affordable Care Act . An independent agent specializing in Medicare Supplement Specialist can help determine if you can apply for a Medigap Plan based on health conditions . This is just one benefit of working with an independent agent . We are not employees of the insurance companies . We work for you and contract with many insurance companies to help meet the needs of every unique situation . Thank you for reading my reply . Please let me know if I can be of further assistance .


Input: How Much Does A Life Insurance Agent Make Their First Year?

Output: Life insurance policies do not pay any commission to the agent until the policy is put into effect , and with medically underwritten policies , this can take months . Most people looking to start out in the life insurance business do not have the wherewithal to live on little to no income for months , so count on a draw or salary to pull them through the first year . However , this may need to be paid back , in addition to the expenses of starting up . So the first year can be very tough . If you get past that , your odds of succeeding will have improved greatly .


Input: How Much Does A Life Insurance Agent Make Their First Year?

Output: How much does a Life Insurance Agent make in their first year ? Well it 's a range from a huge debt to a huge profit . There is a 90 % failurerate in the first two years for life agents . Usually life insurance sales is a commission only occupation and an agent will make what they 've earned through their work . Even in situations where advances are provided , failure in the business can turn those advances into a `` loan '' that must be repaid . If someone is considering a job in insurance sales they need to realize it is aprofession that requires a lot of work andeffort.No one `` gives '' you anything and it is not aseasy as it looks .


Input: Why Does Geico Auto Insurance Keep Going Up??

Output: Typically , Geico auto insurance rates are competitive in most areas of the US . However , like most major carriers , there are pockets of certain states where premiums have increased faster than expected . The reason could be a combination of higher claims activity than anticipated along with underwriting adjustments that resulted in lower than expected new business premium .


Input: What Does A Lapse In Car Insurance Mean?

Output: A lapse in auto insurance means you went without auto insurance for a certain period of time . In many states this is a factor for rating purposes . The lapse is viewed as a time your driving record could not be verified which could potentially cause you to have higher rates . Never let your auto insurance lapse ifpossible There are exceptions such as military service that are taken into consideration .


Input: Does Renters Insurance Protect A Landlord?

Output: Renters insurance protects the landlord in the sense that it can provide extra liability protection A renters policy is taken out by the renter to cover the renters possessions . It does not cover the dwelling or items owned by the landlord . If however a renter is negligent and someone is injured on the property , the renters insurance will provide protection from lawsuit .


Input: What Does Credit Have To Do With Auto Insurance?

Output: Many insurers utilize credit scores when determining the auto insurance rate a customer will pay . The reason is that often , there is a direct correlation and relationship with bad credit and higher incidence of accidents . Although the discount or surcharge may not be large , it is till worthwhile to be aware of your current credit rating and take steps to monitor and improve it .


Input: What Does Credit Have To Do With Auto Insurance?

Output: The same factors that influence good credit often come into play with driving . People who are very responsible with their managing of money , are often very responsible with their driving . This is not to say that there are not exceptions to the rule , but that is the case with every insurance rating factor . The direct correlation of less accidents and better credit make it a valid underwriting consideration . Most states will not let an insurance company cancel you purely based on your credit , but they might have tougher rules if your credit is bad .


Input: What Types Of Coverage Does Medicare Provide?

Output: Medicare provides hospitalization , home health , and hospice coverage through Medicare Part A. Included in Part A is also limited coverage for skilled nursing care . Medicare Part B provides funds for doctor visits , some prescription drugs , durable medicare equipment , and outpatient services , among other things . Medicare Part D covers prescription drugs .


Input: Can You Have Life Insurance On SSI?

Output: That is a great question ! There are no rules that would prevent you from having a life insurance policy while collecting SSI . It is actually a really good idea to have a policy , as it can cover your final expenses , burial costs , and leave a legacy behind for loved ones . There are sometimes issues with Medicaid , however . While they have no problem with you having a policy for your final expenses and burial , they do have an issue if you have a policy that has a great cash value . As you may know , Medicaid is designed for those folks who are severely economically disadvantaged , and they look for any large tangible assets that you can use to pay for your own medical expenses before expecting the taxpayers to pay for them . As a rule , a smaller final expense policy will fall under their threshold for assets , and after doing a little documentation , is no issue . If you do not have a policy , please look for an independent agent in your area who can help you work your way to finding the right policy for you . If you need help , please feel free to contact me , and I 'll help in any way that I can . Thank you for asking !


Input: Can You Have Life Insurance On SSI?

Output: Can you have life insurance on SSI ? I know of no ruling from any governmet agency that restricts a person from owning life insurance while collecting SSI . Clearly it would be best to have insurance in place before anything happened to an individual and an insurance carrier may take acception , but I am not aware of any government entity that prevents owning life insurance .


Input: How To Determine Life Insurance Needs?

Output: Assuming the question is addressing an indemnification need , there are two items to establish from the get go . Can you economically justify the face amount youre applying for and is there insurable interest between the insured and the beneficiaries ? The second step is to create a personal financial profile , develop a risk tolerance point of reference and your economic goals . These will assist you in the type of life insurance you should consider .


Input: How To Determine Life Insurance Needs?

Output: To determine life insurance needs you can use a calculator such as on this website : WEBSITELINK Talking to a knowledgeable agent can be helpful , as well , as they can help you look at the big picture . E.g. Do you also need Disability Insurance or other products ? Could those perhaps be combined with your life insurance policy ? Finally , your budget will greatly affect how much you end up purchasing . Again , talking to an agent who is able to assess your health rating , provide quotes , and help you look at all angles will help you make the best choice for this important financial step .


Input: Who Is Covered By Renters Insurance?

Output: Renters Insurance policies cover the ` Insured ' person or persons for loss of personal property against covered perilsand also any third party for bodily injury or property damage as a result of the insured 's negligence as covered by the policy up to the limits on the declarations page . It is important to review the limits of coverage , applicable deductible and covered perils when purchasing and renewing your renters insurance policy .


Input: Is Jewelry Covered By Renters Insurance?

Output: Jewelry coverage on a renters insurance policy will be very limited . Usually $ 1000.00 to $ 1500.00 theft limitation . For an additional premium you may be able to increase the limit to $ 5000.00 . What should be done for any items whose value is in excess of this amount is a Jewelry Articles Floater should be purchased in order to property cover an jewelry items . I highly recommend you discuss this potential need with your agent .


Input: Will Medicare Cover A Vasectomy?

Output: Medicare will not cover a vasectomy when the reason for the vasectomy is sterilization . Medicare will cover some forms of sterilization if the purpose of the procedure is to treat a health condition or injury , but this usually applies to women whose health or life could be jeopardized by pregnancy or childbirth .


Input: Can A Minor Be A Beneficiary Of A Life Insurance Policy?

Output: Yes , a minor child can be named beneficiary of a life insurance policy and often are as a contingent beneficiary . It is a good idea to set up a trust to disperse funds to the minor child or name a guardian in your will to take care of the money on the child 's behalf .


Input: Can A Minor Be A Beneficiary Of A Life Insurance Policy?

Output: Minors can certainly be named as a beneficiary to an insurance policy . But what you want to consider is what the purpose of the insurance is . If you want the insurance to cover your final and burial expenses then you may not want to name a minor because he or she will not have access to the money until age 18 or 21 depending on where you live . If the purpose is to leave a legacy for the minor , the best thing to do is create a living trust . Name the trust as the beneficiary and earmark those funds for the minor . A living trust is very flexible . You can basically say when and for what reason the minor can have access to the funds . You can say that money can be paid for the minors private education ; you can say the minor gets 25 % at age 21 , etc. . And the best part is whatever you have specified ca n't be changed after your passing AND the trust does not go through probate . So , there is no court intervention or delays .


Input: Can A Minor Be A Beneficiary Of A Life Insurance Policy?

Output: Yes , a minor can be a beneficiary of a life insurance policy . If a minor is named as beneficiary , be sure to appoint a financial guardian in your will to manage the money for your child until they reach the age of adulthood -LRB- either 18 or 21 , depending on where you live -RRB- . Otherwise , the court will appoint one for your child until they are of the age to manage their own money .


Input: Can You Collect Disability Insurance For Pregnancy?

Output: If the policy was in force prior to the pregnancy then it is possible depending on your policy . As long as pregnancy is not excluded and it is medically necessary for you to be off work you may be covered . Check with your agent or company to find out .


Input: Which Health Insurance Is Good For A Family?

Output: The best kind of health insurance is the kind that is best for you . There 's a difference between the most comprehensive coverage and what is most suitable -LRB- or `` best '' -RRB- for you . Under the new Affordable Care Act , there are four main benefit levels of coverage - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may have group coverage available to you through your employer or your spouse 's employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or were fired , you lose the coverage . An individual plan will stay with you wherever you go . Because everyone 's needs and budgets are different as well as the plan types available to them , it 's very helpful to consult with an experienced broker about your specific situation so you can review and discuss the available options - we can help you figure out which plan is going to be the most suitable program for your family 's needs . Please let me know if I can be of further assistance . Thanks very much .


Input: How Much Can You Contribute To A Retirement Plan?

Output: It depends on whether you select qualified or non-qualified plans . Qualified plans , like 401 -LRB- k -RRB- s , allow $ 17,500 for plan contributors with an extra $ 5,500 for those over age 50 . SEP plans allow up to $ 51,000 based on 25 % of your net income . Non-qualified plans that use life insurance and annuities have some limitations , but generally greater contribution than qualified plans with the possible exception of 412 -LRB- i -RRB- plans .


Input: Is Cancer Insurance Needed?

Output: Cancer insurance is a much debated topic and one that has no clear cut answer . Do you need a cancer plan ? In most cases , probably not . Especially so if you have a good major medical plan or Medicare . One reason for considering a cancer plan is the cash benefit that can help you cover your out of pocket costs such as deductibles , copay 's and coinsurance .


Input: How Old Is Too Old To Get Long Term Care Insurance?

Output: The maximum age for applying varies by carrier . The lowest maximum age that I know of is 65 with Lincoln National 's single premium MoneyGuard Reserve . But , any of the carriers can change their maximum issue age any time they want -LRB- with notice -RRB- and they do . The oldest qualifying age that I 'm aware of is 80 , but typically health issues at that age seriously limit the chance of successful underwriting . And , the costs at that age are so high as to make stand-alone long-term care insurance virtually unaffordable to any but the most wealthy.Contracts that have a linked long-term care benefit rider may accept an application equal to the maximum date of applying for the contract without the rider . For example , some carriers have limited the age of adding an LTC rider to a life insurance policy . Some of the carriers that provide a `` living benefit '' for paying for long-term care costs by accelerating the death benefit of a life insurance policy are John Hancock , Nationwide Life , and AXA Financial . Other carriers may have a similar rider that adds `` must be a permanent or chronic condition '' to the criteria to qualify for the living benefit.Annuities with favored withdrawal privileges for covering LTC costs may be the only option for the very elderly . Some annuity companies issue single-premium immediate annuities at virtually any age -LRB- usually the maximum is age 90 -RRB- . However , payments from that type of annuity may not be fully income-tax free.Because of the increasing concern over financial abuse of the elderly , it is important that a qualified tax advisor be consulted before moving any money into a financial instrument that does not require medical underwriting and locks money up for a specified period of time or which allows very limited access to it without stiff back-end -LRB- surrender -RRB- charges .


Input: Can You Purchase Short Term Disability Insurance?

Output: You can purchase a short term disability policy in only a few places . Your employer may offer it to you to buy as a voluntary group policy , or you can purchase it as an individual policy . Contact a Disability Insurance broker to find out which companies sell it and to apply for coverage .


Input: How Much Is Homeowners Insurance For A Condo?

Output: The cost of your condo insurance policy is going to depend on many factors . Some of these factors are the age of the condo building , the amount of coverage that you desire , the deductible level that you take , the total number of units within the building , the condo buildings distance from the nearest responding fire department , the condo buildings distance from the nearest fire hydrant , and many other factors . Contact a local agent to discuss the coverage and pricing available in your area .


Input: Which Health Insurance Is The Best?

Output: The best health insurance plan for you is the one that will be the most suitable for your specific needs and budget . It 's a generic answer I know , but it 's true . What 's best for you may not be the best for someone else . Two questions that are helpful in pointing you in the right direction to find the plan type that 's best for you are : 1 -RRB- do you want the most comprehensive coverage you can get or are you willing to take on a larger share of the risk/costs to keep your premiums down ? 2 -RRB- what is your budget ? maximum dollar you 're willing to spend ? Under the Affordable Care Act , there are four main benefit levels - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may also want to see if group coverage is available through your employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or your employment was terminated , you lose the coverage . An individual plan will stay with you wherever you go . It 's always helpful to consult with an experienced broker regarding your coverage . We have in-depth knowledge of products from multiple carriers and work on a personal level with our clients and help them find the coverage that will best serve their needs . I hope the information is helpful - please feel free to contact me for help with your health plan and if you have any other questions . Thanks very much !


Input: Can I Get Auto Insurance On A Car I Don't Own?

Output: Yes , if you drive the car regularly then you want to get a Non-Owned auto policy . This is common for example if an elderly parent who does not drive owns the car but you use the car . Talk to a good local independent agent to find a competitive auto insurance plan that will meet your needs .


Input: How Much Is 1 Week Of Car Insurance?

Output: First of all auto insurance is typically sold in six month or one year terms . There are a few carriers that provide month to month coverage . The rate that you pay for coverage could vary greatly depending the amount and types of coverage chosen . I would say that the lowest rate for liability only auto coverage that I have seen was about $ 200/6 mo. which would make on it around $ 8.33 / wk .


Input: Is Flood Insurance Included In Homeowners Insurance?

Output: Flood insurance is typically excluded from all basic homeowners policies . The National Flood Insurance Plan covers flood for these exclusions . It is a federally funded policy that will cover you up to $ 250,000 for your home and $ 100,000 for your contents . More is available in the aftermarket , but you must have the underlying national program as a base .


Input: Is Flood Insurance Included In Homeowners Insurance?

Output: Great question ! You are wise to ask , too many people learn the hard way that flood damage is n't covered . If your home is in a place that is susceptible to flooding , then you really want to add that coverage to your insurance package . I grew up back in Illinois , and I saw over and over every few years when the river would flood people that lost nearly everything because `` it will never get this high '' . Better to be safe than sorry ! Thanks for asking !


Input: Is Flood Insurance Included In Homeowners Insurance?

Output: Flood insurance is a completely separate policy from homeowners insurance . Many agents that sell homeowners insurance will also sell flood insurance . I would suggest contacting a local agent to find out about the availability and cost of flood insurance within your specific geographic location . Regarding coverages offered through your homeowners policy . I would recommend reading the policy completely to understand what coverage is provided and what exclusions there may be .


Input: Is Flood Insurance Included In Homeowners Insurance?

Output: Damage caused by flooding is excluded from most homeowners policies . Almost 25 % of the property losses in the USA are the result of floods . There is a national flood program available and most insurance agents can provide the coverage . Lenders often require flood insurance if the flood risk is too high .


Input: Is Flood Insurance Included In Homeowners Insurance?

Output: The answer to this question is a resounding `` no '' . Damage caused by flood is always excluded from a standard Homeowners ' Insurance policy . There may be ways to endorse coverage for water damage caused by a failed drainage system , but this is not flood insurance . Flood Insurance protection can only be obtained by the purchase of a separate Flood Insurance policy through a program managed by FEMA and more than likely available through your Insurance Professional .


Input: Is Flood Insurance Included In Homeowners Insurance?

Output: Flood insurance or coverage for a flood is not included in a homeowners insurance policy and is in fact specifically excluded . There is only one option for flood protection and that is to purchase a flood policy . Almost all insurance companies can write you a flood policy but the policy is underwritten though FEMA . Which ever insurance company you currently work with on your homeowners insurance should be able to set you up with a flood policy . Unless there is a close of escrow you have a 30 day wait before a flood policy can become active so no waiting until the storm hits to purchase a flood policy . Flood is not to be mixed up with water damage which is covered under a homeowners policy . An example of water damage would be a pipe that burst in the home .


Input: What To Look For When Purchasing Health Insurance?

Output: When purchasing health insurance , it 's important to work with an experienced broker -LRB- and our websites -RRB- so that you know you are only comparing top-rated carriers . Also , the accurate calculation of your federal subsidy is critical , so that you are receiving all of the available federal credits offered by Obamacare . And of course , the premium and benefits should closely align with your budget and healthcare needs .


Input: What Does A Life Insurance Broker Do?

Output: Life insurance brokers get all pertinent information from their clients so that they can find them the best policies . This means that they will gather their clients ' health information , so that they can place them with companies that are favorable to their age , health , and other risk factors . They will review the need for the insurance , so that they can place their clients with policies that will meet that needs . And they will shop among the companies they write with to get their clients the most affordable prices .


Input: What Does A Life Insurance Broker Do?

Output: A life insurance broker works for you ... the consumer . The broker will research and compare many of the top-rated carriers so you can pay less for your coverage . 20 years . 15 years . 10 years.Term . Whole Life . Variable Life . Confusing is n't it ? A broker will help you understand the best options for you and how to get them atminimalcost .


Input: What Does A Life Insurance Broker Do?

Output: A life insurance broker is a life insurance agent who is appointed and contacted to sell life insurance with multiple insurance companies . Such agents are independent meaning they are not required to place all business with one insurance company . A life insurance broker can `` shop the market '' for the client to find the right policy and premium to meet the client 's needs .


Input: How To Find A Registered Investment Advisor?

Output: Generally speaking a registered representative is restricted on advertising . Firms that are known to handle securities probably have one or more registered representatives . Some life Insurance agents are also registered representatives . If an organization deals in mutual funds they would have registered representatives as well .


Input: How Long Does A Life Insurance Company Have To Pay A Claim?

Output: Once the policy insured has died the policy beneficiaries or other family members notify the life insurance company . The company mails their form to the beneficiaries and they fill it our and add the newspaper obituary and certificate of death . That process can take around 30 to 60 days to mail or wore the death benefit proceeds .


Input: Is Life Insurance Taxed As Income?

Output: No , Life Insurance is normally exempt from income tax . If the policy is a group policy , only the first $ 50,000 is tax free . If there is cash value above the face amount , that excess may be taxed as income ; or if you take the life insurance in installments , the interest may be taxed . If you surrender a policy , the amount of cash value in excess of the premiums you paid in might be taxed . If your policy is a modified endowment contract , loans and withdrawals will be taxed . There may be a few other legalities , but by and large , when someone is named the beneficiary on a life insurance policy and when the insured person dies , the beneficiary will not have to pay any income taxes on the death benefit received .


Input: Is Life Insurance Taxed As Income?

Output: Under most situations , no . Life Insruance proceeds are not classified as income -LRB- for tax purposes -RRB- so the IRS does not tax the benefits as such . This applies to the traditional way life insurance is purchased ; a person buys a policy , names their spouse as beneficiary , person dies and spouse gets a check to cover funeral costs and help offset loss of income caused by death . If life insurance is owned by a company -LRB- as in key man insurance -RRB- or through other means then it may trigger a taxable event . Consult with your accountant for more specific details .


Input: Is There A Deductible For Home Insurance?

Output: Yes , there is a deductible for homeowners insurance . The average deductible that we see is $ 1000 , but you can choose a lower deductible such as $ 500 or a higher deductible up to $ 20,000 . The more `` skin in the game '' you offer , the lower your homeowners premium will be . I hope this answers your question . Best , Josh DeBoer 918-582-8206 WEBSITELINK


Input: How Much Does Medicare Cost A Month?

Output: For most individuals , Medicare Part A will be premium-free . This happens if you 've hit your 40 credits -LRB- working life/paying FICA taxes -RRB- . If you do n't hit this , the premium will be up to $ 426 per month . In 2014 , Individuals with Medicare Part B will pay anywhere from the minimum $ 104.90 per month -LRB- this is most individuals -RRB- , up to the maximum of $ 335.70 per month , depending on your income level -LRB- individuals with higher incomes pay a higher premium due to the high-income penalty on Part B premium calculations -RRB- . So for those with only Parts A & B , the `` average '' person will likely be paying $ 104.90 per month between the two . If you want to add prescription drug coverage or a Medicare supplement plan to cover the gaps in Original Medicare -LRB- Part A & Part B -RRB- , you will have additional premium expenses , however , it will help you create a much more predictable healthcare expense structure -LRB- the premiums will also be based on the plan you 're applying for , your age , and other factors -RRB- .


Input: How Much Is Long Term Care Insurance For A 60 Year Old?

Output: The price of Long Term Care Insurance for any person will vary . The insurance companies will consider whether the 60 year old smokes , has health problems , is overweight or underweight , and what medications the applicant is taking . While Life Insurance looks more at factors that can lead to death -LRB- such as history of heart attacks -RRB- , Long Term Care Insurance looks more at factors that can lead to disability -LRB- such as rheumatoid arthritis -RRB- . Thus , the price is hard to predict and covers a wide range . Contact a good agent who sells Long Term Care insurance and is able to shop several companies to get your best LTC quote .


Input: Who Will Buy My Life Insurance Policy?

Output: The policy owner can surrender their cash value policy and the insurance company will give them the cash surrender value net of any policy loans or surrender charges . As life insurance is property , the policy owner may sell their life insurance policy . This has developed in recent years into a secondary market for unwanted or unneeded life policies called life settlements . Not all policies are valued higher than the cash surrender value . To find out more , ask your life insurance professional for guidance in this area . Family members or charities may also be potential new owners for life insurance you might currently own . There may be planning and/or tax advantages to consider . Again , check with a life insurance professional or your tax adviser for more information .


Input: Who Will Buy My Life Insurance Policy?

Output: The question seems to assume that you have no ongoing need for coverage . A life insurance policy is personal property and only the owner can sell it . But to whom could they sell to ? The owner could sell it to their children , grandchildren , charity or on the life settlement market . Each state has its own regulations regarding life settlements .


Input: What Is No Medical Exam Life Insurance?

Output: Basically , it is what it says . It is guaranteed life insurance . Insurance you do not have to take and pass a medical exam to buy . Generally , this will be for a small amount of coverage , say $ 5000 , up to perhaps $ 50,000 . It is designed mostly for final expenses , such as a funeral . With some employer groups , covering several employees , they may offer their folks guaranteed issue life insurance also . In this case , the employee may be able to obtain as much as $ 150,000 in coverage . Thank you . GARY LANE .


Input: What Is No Medical Exam Life Insurance?

Output: In most cases , if you can pass the no medical exam medical and background check , you can pass the medical exam - and thereby save hundreds of dollars each year . And know that if the insurer finds that you lied on the no medical questionnaire -LRB- and they will check -RRB- , then they have no obligation to pay a claim on your life , even if you paid into your policy for years . However , there is a fantastic new plan availablewhereyou can get up to $ 100,000 of life coverage with no medical exam and no questions . The only qualification is thatyou are working at least 20 hours per week . That 's it!Contact QualityTermLife for more information .


Input: What Is No Medical Exam Life Insurance?

Output: That is a great question ! Simply put , a no-med exam policy is just that - there are no para-meds or doctor 's exams required to get the policy . Instead , there is usually a phone interview with an underwriter , or a series of health questions , or possibly no questions at all . In the case of the interview or questionnaires , the company will also check your pharmacy records , and with the MIB for your insurance claim history . These policies are usually for lower amounts of death benefits , and may have conditions attached about when , and how much , they pay out . Please ask a trusted agent to help you , okay ? Thanks for asking !


Input: What Is No Medical Exam Life Insurance?

Output: There are different `` types '' of no medical exam life insurance . Some companies offer insurance up to a certain amount by asking a few medical questions and if you answer those satisfactorily the coverage is issued . With some if the questions are not answered satisfactorily that is the end of the process , others may request more information including a medical . This type of coverage could cost more than similar coverage that is fully underwritten . Some companies offer `` guaranteed issue '' policies where there is no medical requested and only a few questions asked . In Canada , these types of policies have may restricted or graded benefits . For example pay for accident only and a refund of refunds for other causes of death for the first 2 years . FInally , depending on your age , health and the amount of coverage you may be able to qualify for `` regular '' insurance without a medical . An independent insurance broker , who deals with several companies , would be able to help you get the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: What Is No Medical Exam Life Insurance?

Output: No Medical Exam Life Insurance -LRB- also called No Exam Life Insurance , Nonmed Life Insurance , Simplified Life Insurance , Guaranteed Life Insurance , and other titles -RRB- is life insurance that does not require taking a paramed exam . More to the point , it does not require giving a blood sample , which is the part of the exam that some people want to avoid . No Medical Exam Life Insurance usually costs more than life insurance that does require an exam , for very healthy people . But for those who are overweight , get `` white coat syndrome '' -LRB- high blood pressure while having exams -RRB- , or have not had their cholesterol checked for years , foregoing an exam can result in very competitive rates . It is not unusual for someone to apply for a medically underwritten policy , get rated up for something they did not know they had , and end up paying more than the No Exam policy would have cost . Also , for those with serious health conditions , No Medical Exam Life Insurance is often the only type of life insurance available to them . Finally , many people like No Exam policies because they feel that the time spent in taking the exam and waiting for the underwriter to review their medical records -LRB- if the latter is needed -RRB- is not worth it . While it is not always an option , it is nice to have some No Medical Exam policies to choose from . Agents selling both types of coverage can help you discern which is best for you .


Input: What Is Forced Placed Homeowners Insurance?

Output: The Mortgage Company or lender have certain rights if you fail to do what you have promised to do in your contract -LRB- mortgage or loan agreement . -RRB- Placing coverage is a right retained by most lenders . When you apply for a mortgage or loan you promise to insure the home or car and name the mortgagee or lender as a loss payee or additional insured . If you dont do that , they havent any coverage on their collateral and so they will issue a policy . These are frequently short term policies because they are so expensive . This is not a subject you want to find out about through experience .


Input: Can I Add My Brother To My Auto Insurance?

Output: In California , all the drivers in a household should be listed on the auto policy . The policy covers all the drivers in the household unless they are excluded . If your brother lives with you all you have to do is notify your agent . If your brother does not live with you but is going to drive your car , with your permission , you are not required to do anything . Insurance follows the car and the car will remain insured as long as the driver has your permission to operate the car .


Input: Can I Add My Brother To My Auto Insurance?

Output: If your brother resides with you and has regular access to your cars , then yes , he should be added to your policy . If on the other hand , he is just in town visiting for a while and you want to let him borrow your car , then there is no need to formally add him to the policy .


Input: What Does Medicare HIC Stand For?

Output: Medicare HIC stands for your Medicare Health Insurance Claim number or code . It begins with the Social Security number of the wage earner under whose benefits the eligible person is receiving Medicare . E.g. . If you are receiving benefits as the result of yours having paid into Medicare the required period of time , the Social Security number would be yours . If you are receiving Medicare benefits under your spouse 's employment , the Social Security number would be his or hers . The suffix behind the SSN indicates your relationship to that person .


Input: Which Is Better Term Or Life Insurance?

Output: I am assuming you mean Whole Life Insurance . Term insurance is life insurance . Term insurance is pure insurance . There is no cash value and it is in force for a limited amount of time , the term of the policy . A one year term must be renewed after one year , five year term after five years and so on . Each term period renewal the premium will go up based on the persons age at renewal . Eventually term insurance becomes unaffordable . Whole Life is designed to be in force until you die . The premiums never go up because they are averaged out over a persons expected lifetime . As a result , initially the premium is higher than term insurance . The excess premium is invested and a cash value fund is built into the policy . Whole life is designed for permanent needs . Term insurance for temporary needs .


Input: Which Is Better Term Or Life Insurance?

Output: Assuming you mean term life insurance versus permanent life insurance there is no quantitative value comparing each to each other . Purchasing term life insurance and permanent life insurance are product suitability issues based on the financial plan of the life insurance prospect . Term life insurance covers temporary liabilities and permanent life insurance covers perpetual liabilities of the policy insured . Term life insurance can be purchased in increments of 5 , 10 , 15 , 20 and 30 years with guaranteed level premiums . Guaranteed universal life or participating whole life can , with many carriers , cover you to age 121 .


Input: How Much Is A Good Life Insurance Policy?

Output: Asking how much life insurance cost is like asking a realtor how much a house costs . Could be $ 30,000 or $ 30 million it depends on what you want . The factors that an agent or life insurance company would need to begin the quoting process is type of policy , how much face amount , for how long , age , build , state of residence , tobacco use andgeneral health status . From there an agent or broker can get fairly close to a premium quote but understand the underwriters have the final say on your unique premium .


Input: How Much Is A Good Life Insurance Policy?

Output: I am going to take a philosophical approach to answering this question . I think it would help you understand the value you are getting for your dollar with this product . Lets suppose that you know with absolute certainty you are going to die next Tuesday . No doubt about it . Was definitely going to happen . Sad to think about , but hey - we are talking about life insurance . Now lets suppose that an insurance company is willing to insure you . -LRB- Yes , I know its crazy , but work with me here . -RRB- And lets suppose they are willing to offer you a $ 1 million policy . Would that be enough ? OK , lets say it would be . How much would you be willing to pay for that $ 1 million of coverage ? You know that the company is going to put out that money . The payout is guaranteed . And you know that the premium is going to be lower than the benefit . Even if you paid $ 900,000 for that $ 1 million dollar policy , you would still get a 10 % return on your money . By any standards , that is a good deal . If you had that money , no doubt you would pay it . And that would be a good deal for three reasons . One : your beneficiary would be getting money that was needed when they lose you . Two : there is an ironclad contractual guarantee from a very strong financial institution to give them that money . Three : the cost would be very reasonable and you would definitely get your dollars worth . All true ? So you would do everything possible to make this deal happen all because you know you are going to die next Tuesday . The only difference between this hypothetical scenario and real life is that you do not know when you are going to die . It could be tomorrow . It could be next Tuesday . I could be in 20 years . You just dont know . Otherwise , all factors remain exactly the same : You know you are definitely going to die sometime . You know your beneficiaries will need the money when they lose you . There is an ironclad contractual guarantee from a very strong financial institution to give them that money . The cost would be very reasonable and you would definitely get your dollars worth . The moral of the story is that regardless of the cost , life insurance virtually all the time remains a fantastic deal . You just have to be willing to pay for it . The better question is : what is the value of a good life insurance policy . Want to keep learning ? Read my blog : planrisklive.com


Input: How Much Is A Good Life Insurance Policy?

Output: This can actually be a bit of a loaded question because the type of coverage you 're looking for , how much coverage you want , how long you need it for , your risk classification , the carrier you apply with , and a number of other factors control how much a life insurance policy will cost . Premiums can be anywhere from a few dollars to thousands of dollars . The risk classification is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Keep in mind , every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an experienced life insurance broker to determine what coverage is appropriate/suitable for your needs and budget . I hope the information is helpful - please feel free to contact me for help and if you have any further questions . Thanks very much .


Input: Can You Get Auto Insurance Over The Phone?

Output: It is possible to get an auto insurance quote over the phone , but to secure coverage the carrier will more than likely require you to meet with an agent to sign the application and verify that all of the information on the poliy is correct . A will typically not want to cover a vehicle for damage if no one from the company has seen thevehicle to verify its condition .


Input: Will I Be Charged The Medicare Levy?

Output: Medicare will assess a higher premium -LRB- surcharge or levy -RRB- in a couple of different situations . Medicare Part B premiums may carry a levy based on your income . Congress decided higher income people should pay more for their Medicare coverage . The surcharge varies and is based on your income tax return from 2 years prior . There is also a late enrollment penalty that may apply if you fail to enroll in Part B on a timely basis .


Input: Is Home Insurance Paid Through Escrow?

Output: It can be , yes and this is a decision made by your bank or mortgage company . In Connecticut , the majority of the larger institutions do require this whereas some of the smaller local banks do not . If your bank or mortgage company does require this , say at the time you are purchasing your home , you will be required to show both proof of existing Homeowners insurance and a receipt certifying that the full first year 's premium has been paid . Then your Homeowners Insurance company will send renewal premium statements to your bank for payment from your escrow account .


Input: Is Home Insurance Paid Through Escrow?

Output: Homeowners insurance can be paid by the insured or by the mortgage company from an escrow account . While it is optional for some borrowers , most are required by the lender to use the escrow account . The homeowners policy also protects the interest of the mortgage company and they want to make sure that coverage remains in force .


Input: Is Home Insurance Paid Through Escrow?

Output: Here in CT , many of the larger banks and mortgage companies have been requiring an escrow account for insurance premiums for quite some time . Many will also escrow for annual property taxes as well . In my experience though , some of the more local or regional banks and mortgage companies may not necessarily have that same requirement .


Input: Will Medicare Pay For A Pain Pump?

Output: Medicare will cover some forms of pain management . Some , but not all , medical practitioners are covered by Medicare pain management programs . Doctors , and in some states CRNA 's -LRB- certified registered nurse anesthetists are covered under Medicare . Infusion pumps may also be authorized for coverage under Medicare when authorized by your pain management physician .


Input: Who Does Dave Ramsey Recommend For Term Life Insurance?

Output: Dave Ramsey recommends using Zander Insurance Group , an agency that sells term life insurance products from a number of different companies . Some of these companies are American General , Banner , Genworth , Protective , Transamerica and United of Omaha . In other words , the same companies most of us life insurance brokers offer to our clients .


Input: Who Does Dave Ramsey Recommend For Term Life Insurance?

Output: Dave does n't recommend term life insurance companies , but he does recommend Zander Insurance Group , a life insurance online brokerage firm that has access to several life insurance companies . Zander is listed on Dave 's web site under insurance . Dave is an out spoken proponent of buy term and invest the difference .


Input: Why Is Health Insurance Linked To Employment?

Output: Great question ! Employers offer health insurance as a benefit because it is a way to attract and keep good employees . That is why there are benefit packages , paid vacations , and 401ks . If all they had to offer was wages , people would move from job to job even more than they do already . A good insurance and benefit plan can be a great incentive to stay . The companies buy a policy for the employees , they own it , and often pay a significant part of the employees ' costs . That is why when you leave a job , the insurance does not go with you - you do n't own it , like you would if you had purchased the policy on your own . Any more questions , feel free to contact me , I 'm happy to answer ! Thanks for asking !


Input: Why Is Health Insurance Linked To Employment?

Output: Health insurance became linked to employment during World War 2 . There was a freeze on wages , and employers began offering health insurance as a means of differentiating themselves to attract and retain employees . The health insurance premiums were considered taxable expenses , so offering benefits provided a structural advantage to employers . As premiums costs rose over time employers passed more of the premium costs over to employees . Any contribution towards premiums made by employees are able to be paid using pretax elections , which continued the tax-based structural advantage to employment based benefits .


Input: When Is Cash Value Of Life Insurance Taxable?

Output: The cash value of life insurance becomes taxable if it becomes income . It becomes income if it is withdrawn or cashed-in and the amount received exceeds the sum or premiums paid . The differential is what is taxable .


Input: When Is Cash Value Of Life Insurance Taxable?

Output: The Cash Value on Life Insurance is only going to be taxable in certain situations . First , you have to withdraw the cash value . If you leave it in the policy , it will grow tax-free . Second , if you take Cash Value out as a loan , and as long as the policy does not lapse , the money will remain tax-free . Third , if you withdraw the Cash Value , and the money you take out is greater then the money you have paid in , then the difference will be taxable . Or if the policy lapses with an outstanding loan , then this will create a taxable event .


Input: Is United Of Omaha Life Insurance Legitimate?

Output: United of Omaha Life Insurance Company is a subsidiary of Mutual of Omaha Life Insurance Company , which was established in 1909 . When I was young , Mutual of Omaha was very well known because it sponsored the TV show , `` Wild Kingdom '' , first airing in 1963 . United of Omaha and Mutual of Omaha are still highly respected and highly rated insurance companies in the US today .


Input: Is United Of Omaha Life Insurance Legitimate?

Output: United of Omaha is one of the biggest carriers in the life insurance industry and is an A + rated carrier by A.M. Best . Their life insurance rates can be competitive with many options . Often , some carriers have much better rates for certain types of coverage than other types -LRB- e.g. a carrier may be more competitive in the term insurance market than they are in the permanent insurance market , and vice versa -RRB- . Please note , when comparing life insurance companies , there are a number of factors you need to consider in addition to the financial rating of a life insurance company . Just because they may be a big name company , does not mean they 're going to be the best carrier for your needs . The most important factor you need to consider when looking at life insurance is the risk classification you qualify for . The risk classification determines the premiums for the program . It 's important to shop the case BEFORE applying for any coverage so you know which carrier will work best for your specific medical history , which will in turn point you in the best starting position . You ideally want to only have to go through the underwriting process once , not multiple times . If you try to apply to multiple carriers at the same time , it often works against you as it acts like a red flag to carriers and more questions get asked . It 's best to consult with an experienced life insurance broker who can help you determine what coverage structure is most suitable to your needs and budget , review and compare multiple options for you to make sure you 're getting the lowest rates for the coverage . 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: Does The Federal Government Require Auto Insurance?

Output: The federal govt . does not require auto insurance . Auto insurance is regulated at the state level . With the exception of the state of New Hampshire , every state has at least a state minimum liability coverage requirement . Some states also require medical coverage -LRB- aka PIP -RRB- , and some states require uninsured motorist coverage as well .


Input: Does The Federal Government Require Auto Insurance?

Output: Good question . The federal government does not require auto insurance . Insurance for your car is regulated by each state . Some states require that you maintain auto insurance on any registered vehicle while others do not mandate insurance . In NY you are required to maintain PIP coverage . This is commonly referred to as `` No Fault '' . No fault means that no matter who was at fault in the accident , your policy will pay for your medical bills if you were injured . Hope this helps .


Input: How Is Geico Renters Insurance?

Output: Geico does not write Renters in their name they are written throw other companies they send it out to . I remember one company was Assurant . They are a great company i had my Renters with them at one time . You should contact Geico directly where they can fully explain who would be covering you in case of any loss and any other questions you may be have . Good Luck . Thanks .


Input: What Is Solvency Margin In Life Insurance?

Output: This is a technical accounting term on the balance sheet of an insurance company . The measurement of a company 's solvency general takes into account the distribution of its surplus and asset valuation reserve , then the market value of it 's assets versus its liabilities to determine its liquidity . Rating Services monitor the balance sheet items of insurance companies and may be helpful in determining the selection of company .


Input: Does Medicare Cover Tysabri?

Output: Medicare Part B covers Tysabri as in infusion ; however , then you must pay the 20 % copay and this can be very costly . The Medicare code for Natlizumab/Tysabri is Q4079 . If you have a supplemental plan that covers major medical , it will be covered 100 % . Also , Medicare Part D covers Tysabri 100 % .


Input: Can You Write Off Long Term Care Insurance?

Output: That is a question best suited for your tax adviser . It 's not wise to take tax advise from an insurance agent . You do n't mention whether your question relates to your personal tax return or if you are asking about a business deduction , whether this is a qualified long term care policy etc. . These as well as other factors will determine the answer to your question , that is why it is important to discuss it with your accountant or tax adviser . Sorry I could n't be more helpful .


Input: Can You Write Off Long Term Care Insurance?

Output: You can write off qualified long term care insurance premiums , up to a limit . The long term care policy itself must also meet certain guidelines . IRS Publication 502 goes into detail about the restrictions and eligibility to write off long term care insurance premiums . Contacting your tax adviser is much simpler .


Input: Will High Deductible Health Insurance Plans Become The Norm?

Output: That is a great question ! Very simply put , probably so . While the Affordable care Act -LRB- Obamacare -RRB- has done a good job of slowing healthcare costs from rising double digit increases to low single digit increases , the damage has been done . The high costs to employers of providing their share of the costs eats into their profits , and sadly the prevailing sentiment seems to be profits are more important than employees in far too many cases . As that is the case , what we are seeing is a shift from the employer taking the risk of paying to the employee . This has been the case with retirement accounts , there are very few companies that pay pensions anymore , most have moved to employee managed 401k 's or IRA accounts . The same with health care - they still offer it , but to keep costs low , they offer plans that have low costs , and high deductibles . The good companies will make HSA 's -LRB- Health Savings Accounts -RRB- available to you -LRB- they allow you to deduct money from your check and deposit it in an interest bearing account for future medical expenses , and can only be used with high deductible plans -RRB- to kind of balance them out . So my best guess is unless there is a change in employer love for profit , or a dramatic drop in health care costs , we 've pretty much set ourselves on a path of high deductible health care plans . Thanks for asking such a good question !


Input: Will High Deductible Health Insurance Plans Become The Norm?

Output: With more than 34 years of experience in the HSA/Health insurance business , I 'm happy to offer my expert and unbiased answer . Although the average deductible has substantially increased over the last 30 years , the popularity of the HSA concept is here ... and here to stay . High Deductible Health Insurance plans -LRB- HSA -RRB- are very popular for individuals and families that want quality medical coverage from reputable companies , but at a rate they can afford . Even with the passage of the Affordable Care Act -LRB- aka Obamacare -RRB- , the popularity of HSA accounts has increased . But what about the future of these types of plans ? Their popularity is not likely to decrease , since health insurance costs keep increasing , and there is no other type of coverage that can offer a combination of network-negotiated discounts and paying for healthcare , dental , and vision expenses with tax-free dollars . However , as our political landscape changes , be prepared for unanticipated changes ! As we move closer to 2017 and 2018 , many legislative changes are planned . These changes could impact the cost of coverage and the amount of federal subsidy that is received . Both the group sector and individual sector could be adversely affected . So ... Expect HSAs to continue to be a popular and `` normal '' choice to consider for individuals , families , and small and large businesses . Answer provided by Edward Harris , one of the nation 's premier healthcare authorities . Edward is the owner of majormedicalhealth.com , where consumers can compare the best health insurance rates from top-rated companies .


Input: Will High Deductible Health Insurance Plans Become The Norm?

Output: A very good and perceptive question . From the perspective of a 30-year health insurance veteran I can certainly say that by the standards of the mid-1980 's when $ 250 or $ 500 deductibles were the norm almost any health insurance plan offered today is a high deductible plan . Now , high deductible health plan means different things to different people/organizations . Since the inception of Health Savings Accounts in 2003 the term high deductible health plan was generally associated with a health insurance policy designed to be complimented by a Health Savings Account . Over the years , as health care costs have continued to escalate and pull health insurance costs up along with them , there has been a steady increase in plan deductibles in traditional health insurance plans that feature copayments for services like doctors visits and prescription drugs . With the implementation of the Affordable Care Act -LRB- ObamaCare -RRB- this trend has accelerated sharply for a variety of reasons . Today my average small group employer client usually has a deductible in the $ 2000 to $ 2500 range and in the individual health insurance market plans with deductibles in the $ 4000 to $ 6000 range are not uncommon , and these are all for plans that still maintain many copayment features and are not qualified for use with a Health Savings Account . If the Cadillac Tax provisions of the Affordable Care Act go into effect in 2018 as currently planned this will place great pressure on many organizations to increase their plan deductibles significantly to keep their premium levels below the threshold where this tax would be assessed . This will impact many organization that have traditionally offered rich health benefits packages to their employees/members . State , county and municipal governments , educational institutions , hospitals , and ironically many labor union plans are some of the prime examples of organizations that will be adversely impacted by this tax . So , to a fairly large extent , one can argue that high deductible health plans have already become the norm in the individual and small group health insurance markets and are in the process of being joined by their cousins in larger businesses . Absent some serious changes in America 's health care cost structure and the requirements of the Affordable Care Act the move to high deductible plans with their associated cost shifting to the health care consumer are a foregone conclusion .


Input: Does Auto Insurance Cover Uhaul Trucks?

Output: If the vehicle you are renting is over 10,000 GVW -LRB- gross vehicle weight -RRB- most likely your insurance provider will not cover a U-Haul . If the U-Haul is under 10.000 GVW there may be coverage . The best advise is to call your local agent to answer this question as your agent would befamiliarwith the specificdetailsof your policy . In some cases there may be an endorsement for vehicles over 10,000 GVW . Just never assume a U-haul is like a rental car and watch those over hangs at gas stations .


Input: When Should You Get Long Term Care Insurance?

Output: The best time to buy long-term care insurance is anytime you are medically qualified to do so . The biggest problem people have is that they wait too long to apply , they get a condition or chronic health problem that is uninsurable by any carrier , and they are stuck with an LTC-friendly annuity as their only possible solution to how they might pay for long-term care costs . -LRB- This would be an annuity that does not require underwriting for the LTC benefit of the annuity contract , but allows for liberal access to the account value for payment of LTC costs . -RRB- Buying at a very young age does n't not have much of a financial advantage since premiums do n't really start to climb until about ages 50-60 . After age 65 , one has in reality `` missed the train '' and , assuming medical qualification , will pay a hefty price for a traditionally designed long-term care contract . However , there is another train behind the first one , and that involves designing the contract as a static pool of money with maximum access to it . It costs about half of thetraditionally designed LTCi contract , but it lacks any accommodation for the escalation of care costs over time . Still , it is better than no coverage at all . From an economic perspective , in buying young , one would have to weigh the cost of paying premium over a longer period of time . From an insurability perspective , however , one should remember that Superman -LRB- Christopher Reeve -RRB- did not know he would become a quadriplegic at age 41 . Also , many carriers have a `` preferred '' rate class , which may be a lot easier to get at an early application age . Recent claims history research has shown that a greater percentage of claimants are under age 65 and the number is growing . With some possible tax breaks on the payment of LTCi premiums - and possibly greater tax breaks in the future as Congress weighs the burden the uninsured elderly on Medicaid - one should seriously start planning for long-term care individually , as a couple , and for parents as early as possible . Death will happen . How long it takes to die may be problematic and costly .


Input: When Is A Good Time To Get Long Term Care Insurance?

Output: A good time to get Long Term Care Insurance is by the time you turn 60 years old . The tendency to be diagnosed with various health conditions goes up as people age , and Long Term Care Insurance is much harder to get when some types of health conditions are present . Also , premiums are lower when the policy is purchased at a younger age .


Input: Who Is The Largest Auto Insurance Company In The USA?

Output: While the listing of largest insurance companies is accurate , at least on the day it was released , it avoids the most important consideration and that is , where are you located . Sometimes regional companies dominate local markets and are seen as the premier companies to trust . Your state may have legislation or regulatory issues that make some of the large players reluctant to go after business in your state . Many companies left California about twenty years ago because of a change in the state constitution .


Input: Who Is The Largest Auto Insurance Company In The USA?

Output: Currently , the largest US auto insurance company is State Farm , assuming we use written premiums as the criteria . State Farm has offices throughout the US . Following State Farm is Warren Buffet 's Berkshire Hathaway -LRB- Geico and other companies -RRB- , Allstate , Progressive , Farmers and USAA . Of course , these rankings change fairly often . In fact , Berkshire just recently passed Allstate for the Number 2 position . Many local companies in your area may not be the biggest carriers , but still write a lot of local business . LIVE answer provided by : Ed Harris - Premier car insurance broker since 1980 and owner of several top-rated websites that offer the lowest available rates .


Input: Who Is The Largest Auto Insurance Company In The USA?

Output: Great question ! There are 5 companies that normally insure about half the market , the number one company being / state Farm . The rest of the top 5 will change around periodically , but they are Allstate , Progressive , Warren Buffets insurance conglomerate -LRB- Geico and others -RRB- , and Farmers . There are several other smaller companies that have a large amount of business , but these are the biggest . Thanks for asking !


Input: Does Life Insurance Affect Social Security Disability Benefits?

Output: Life insurance does not affect Social Security Disability Benefits , however it may impact eligibility for Supplemental Security Income -LRB- SSI -RRB- . SSI is needs based . Applicants with resources totaling two thousand dollars or more are not eligible . Cash value life insurance policies do count towards that total . Term life does not have cash value and would not be a factor .


Input: What Does Most Homeowners Insurance Cover?

Output: Most Homeowners Insurance policies will provide coverage for mostly anything short of nuclear disaster , flood or earth movement . Check with your insurance professional about the particulars of your policy and the specific exclusions it may have . Some policies provide limited coverage for mold or rot , for example . Damage caused by termites , carpenter ants or vermin are usually not covered .


Input: Is Law Of Subrogation Applicable To Life Insurance?

Output: The law of subrogration applies to indemnity . To indemnify someone is the attempt to `` make them whole '' again , or reimburse them for the specific losses they have incurred . Subrogation compels the guilty party to reimburse the victim , or the insurance company who paid the victim , for those specific losses . It also keeps the Insured person from profiting from a loss by only collecting from the insurance company , and/or from a lawsuit against the guilty party , up to the amount that was lost . Life insurance is not based on indemnity , so the law of subrogation is not applicable to life insurance -LRB- except in possibly some very remote circumstances -RRB- . Therefore , if a person dies from negligence , the beneficiary can collect on the life insurance policy and still collect from a lawsuit paid by negligent party .


Input: What Is Deductible On Home Insurance?

Output: A deductible for homeowners insurance is typically the amount of financial responsibility that the insured is willing to accept in the event of a claim . i.e. you have a five hundred dollar deductible , lightning strike the roof of your home and the claim amount is one thousand dollars . The claim settlement amount would be five hundred dollars from the carrier . The insured would be responsible for the first five hundred dollars .


Input: Can You Deduct Home Insurance On Rental Property?

Output: Home insurance is an expense of holding property for lease . The premium for the policy would be deductible on your schedule C. Incidentally , the type of policy is important . If you only have a landlord interest in property you only need a fire policy . The homeowners policy covers things for which you are not responsible so there isnt a need to buy insurance to protect it , such as tenants contents , and primary liability if someone is injured on the property .


Input: What Is Covered On Renters Insurance?

Output: Renters Insurance covers the Personal Property of the Insured Tenant , offers Loss of Use for a covered hazard and provides Personal Liability for the Insured Tenant and resident family . The Renters Insurance Policy is commonly known as a Form HO4 and is available in all States . Renters Insurance is mandatory in a few States where the Government has been faced with an unusually high number of law suits thus inundating the legal system ; in other States , you will find some Landlords require tenants to purchase the insurance to provide a layer of protection for the possible negligent acts of a tenant causing property damage to the building , property of other tenants or inadvertent bodily injury to others . The possession of Renters Insurance is a display of genuine responsibility for one 's personal property and protection for others . Renters Insurance Online is available online in multiple States at the following link : WEBSITELINK In order to produce a lower premium , it is recommended only to purchase the minimum amount of Personal Contents coverage to sufficiently replace the personal property of the insured and to select a high deductible . This combination will generate a comparatively lower premium ; renters insurance is written for an annual term and is fairly inexpensive .


Input: Does Car Insurance Cover Other Drivers?

Output: Your car insurance should cover any driver of your car . There are exceptions if your policy specifically excludes certain drivers by name . For instance , if you have a brother-in-law living with you who has had several DUIs and your insurance company is aware of it , they could specifically exclude him by name .


Input: Can You Cancel Annuities?

Output: Yes you can cancel an annuity during the free look period . You can cancel an annuity during the surrender period , but the surrender charges may be punitive , as well as trigger an ordinary income tax event if there is gain on the contract . In addition , if youre under 59 1/2 , you will also pay a 10 % penalty .


Input: How Does Medigap Insurance Work?

Output: Medicare supplement plans -LRB- commonly referred to as Medigap plans -RRB- are designed to help seniors who want high quality healthcare and are on Medicare , cover the gap between what hospitals and doctors charge for their services and what Medicare will pay.Health insurance is constantly changing , which can make finding the right plan for you very strenuous.Supplementing your Original Medicare coverage -LRB- Medicare Parts A & B -RRB- with a Medicare Supplement plan will help you create a very predictable expense structure for your healthcare and allow you to see any doctor you want that accepts Medicare . Any doctor that accepts Medicare will also accept your Medicare Supplement plan . There are 10 different Medicare supplement plans and they are all standardized , meaning a plan F from company A and a plan F from company B feature the EXACT the same benefits . The 10 different plans available are plansA , B , C , D , F , G , K , L , M , and N. Each plan offers certain benefits some more comprehensive than others . For example , Plan A offers coverage of only the basic benefits of Medicare Supplement Insurance , while Plan F is the most comprehensive . Plan F also offers a high-deductible version of the plan it is the only plan that offers this feature . Under a high-deductible plan F -LRB- also referred to as Hi-F -RRB- , the insured must pay for Medicare-covered costs up to the years deductible amount $ 2,140 in 2014 before the supplement plan pays anything . The benefit of the high-deductible plan F is that it offers the insured a much lower monthly premium .


Input: How Does Medigap Insurance Work?

Output: Medigap , or Medicare Supplement plans , cover the out-of-pocket costs associated with traditional medicare Part A and Part B . These plans come at a premium in addition to traditional Medicare . Medigap plans are categorized alphabetically with Plan F being the most comprehensive -LRB- although it does offer a high deductible if chosen . Also , many medigap plans will cover foreign travel in addition to other covered expenses . However , they do not cover EVERYTHING ! So make sure you are working with an experienced broker . For more information on Medigap plans or medicare supplement plans visit www.clminsure.com


Input: How Much Life Insurance Should I Have With Kids?

Output: When you have kids , you want to be sure that you have enough life insurance on yourself to at least raise your children to the age of adults . It would not be unreasonable to purchase $ 100,000 of coverage for each child 's education . It would also be a good idea to get enough life insurance to replace your income for the number of years that they will be minors . Since this is a temporary need , you can use term insurance , which is much lower priced than permanent insurance .


Input: How Much Life Insurance Should I Have With Kids?

Output: I would recommend at least enough to pay final expenses if something happens . somewhere between $ 10,000 and $ 25000 . Insurance on a child is very inexpensive and it will take a big burden off of you if you have the tragedy of losing a child . If the child lives then you can get the child off to a good base policy . It has been my experience that young people think that they are never going to die . Life insurance is the farthest thing from their minds . By keeping a policy on them until they are old enough and responsible enough to handle their own insurance you are doing a loving thing for your child and protecting yourself from any financial burden if something happens .


Input: How Much Life Insurance Should I Have With Kids?

Output: One of the most debated life insurance needs is on the life of a child . Many will argue that children do not incur debt nor do they generate income , so there is no need to buy life insurance on a child . As a parent I can think of nothing worse than the loss of a child . Feeling pressure to return to work the day following services because of financial needs would only compound the loss . Parents need time to grieve the loss of a child and do so with dignity .


Input: How Much Life Insurance Should I Have With Kids?

Output: Here are two ways of looking at this : 1 . Life insurance on you as the parent . Take out enough so that your surviving spouse and children will be able to live comfortably . No debts , not worries about paying bills , and no concern about running out of money . Choose a face amount that could be invested conservatively and they could live off the interest . 2 . Life insurance on your kids . Give them a nice-sized policy that will grow in leaps and bounds . Over time , the cash value and survivor benefit could increase dramatically . And , it is a big plus to enter adulthood already insured . That will make it much easier to get a mortgage or business loan . They will thank you for it !


Input: Can I Switch Life Insurance?

Output: You can replace one life insurance company for another , assuming you are healthy enough to secure coverage . If you have gains in your policy cash values or you want to carry forward the basis , you need to use a 1035 exchange to accomplish the transfer or switch as you stated . Make sure the switch is in your best interest before moving forward .


Input: Can I Switch Life Insurance?

Output: Some companies offer persons with life insurance that has been rated Standard or better , the chance to switch their Term life insurance to that company without any health requirements . Otherwise , switching coverage usually involves applying for a new policy . This can be a good thing if your original policy was overpriced , or you lost weight or quit smoking or something that would reduce the rate on a new policy , or if you wanted to lock the premium in for a longer time than your current policy did . If your current policy is a Whole or Universal Life policy , you need to contact an agent to find what would be lost by switching , or what other options exist that may be more favorable to you .


Input: How Much Is Medicare For 2013?

Output: Most people will receive Medicare Part A without paying a premium . If you , or your spouse , paid Medicare taxes during your working years you may not have to pay a premium for Part A. Others will be required to pay up to $ 441 in 2013 . The Medicare Part B premium for 2013 for most people is $ 105 . If you fail to sign up for Part B when you are first eligible you may be required to pay a late enrollment penalty of up to 10 % per year for every year you were eligible but failed to sign up . Higher income individuals may pay a penalty . In determining your penalty premium , Medicare considers your income from prior tax returns -LRB- from 2 years ago -RRB- . The penalty plus base premium is graduated based on income and can be as much as $ 335 in 2013 .


Input: How Much Does Health Insurance For Individuals Cost?

Output: Health insurance for individuals is available from almost all major health insurance companies . The cost is based on many factors including your age , zip code , height/weight , smoking status and health conditions . Monthly rates could be as low as $ 22 for a young person covered on a short-term plan . However , the rate could also be several hundred dollars per month -LRB- or much more -RRB- if you were older and had some serious health issues . In 2014 , health conditions will not be used in determining the rate you pay . Also , a federal tax subsidy will be available for those that qualify . State Exchange Marketplaces will be operational in each state . An experienced broker and also a very reputable website can provide specific prices and quickly determine the best plans for you . There is no cost or fees when a broker is used . Myself , like all other agents/brokers never charge any fee .


Input: How Much Does Health Insurance For Individuals Cost?

Output: Unfortunately there is n't a one-size-fits-all answer to this . Individual insurance rates vary widely due to many factors including age , height/weight , current health status , tobacco usage . They also vary widely between insurance carriers and states . Insurance rates are set after approval by your state department of insurance . Insurance carriers must get approval for the rates and rate increases that they propose . After they are set , there is n't a way to get cheaper rates . This is important to understand because health insurance professionals can provide you with valuable information at no additional cost . The best source of information is through a local health insurance professional that contracts with multiple insurance carriers .


Input: Does Homeowners Insurance Cover Power Surge Damage?

Output: In Connecticut , most Homeowners Insurance policies do cover damage caused by power surge that is itself caused by a covered peril . One good example is damage caused by a lightening strike . Another example can be experienced in the type of winter we had here or as a result of severe tropical storms suffered by many in the past couple of years . If weather of that kind knocks out power for an extended period of time , once restored , if there is surge damage , check with your Insurance Professional to see about coverage .


Input: Does Homeowners Insurance Cover Power Surge Damage?

Output: Most homeowners policies specifically exclude damages that are the result of artificially generated electrical currents . The do cover lightning which is a natural electrical current . Most specifically exclude damage to electronic components .


Input: What Is Legal Protection On Home Insurance?

Output: Legal protection on home insurance -LRB- I assume -RRB- is the liability coverage you have as part of your policy . Typically , you have between $ 100,000 and $ 500,000 of coverage although a personal umbrella is available from most companies . Whenever possible , consider increasing your liability limits since the cost is typically not that significant .


Input: Does Geico Offer Term Life Insurance?

Output: Geico offers Term Life Insurance through non-affiliated insurance companies . In other words , the life insurance is not underwritten by Geico ; Geico just helps you get it by referring you to a brokerage that carries quotes from multiple life insurance companies . The agency they refer you to is not owned by Geico .


Input: Does Homeowners Insurance Cover Electrical Problems?

Output: No , homeowners insurance does not cover maintenance . If you have a covered loss the replacement of any damaged electrical components would be included but it will not pay for general electrical work . Covered loss would be things like fire , lightening , wind , hail , weight of ice and snow . Check with your agent if you feel your loss may be covered .


Input: Can I Purchase Life Insurance Online?

Output: You can purchase life insurance online in varying degrees . Some policies can be applied for totally online , from beginning to end -LRB- application to payment -RRB- . Others are just quoted online , then a human agent takes over to verify the quote , send you an application or fill it out with you , communicate with you during underwriting , and guide you through the placement of the policy . The former type of policy is priced to encompass large groups of people , whereas the latter type of policy entails an agent matching you up with the best rate for you as an individual .


Input: Can I Purchase Life Insurance Online?

Output: Yes you will buy insurance online technology is moving fast you will need to do your research there are many different policies to meet different needs so what are your -LRB- Goals -RRB- will you need money in 5 years or 30 years ? The answer is yes for everyone we must learn how to open the windows when the windows are positioned to open or the curse that Adam and Eve set into motion will be on our nation and the nation will be cursed . This gets a little away from the question you asked but this is the only way man has always wanted the power but only God has it and no man can give it . Choice , Choice , Choice


Input: Can I Purchase Life Insurance Online?

Output: You certainly can purchase life insurance online . You need to be fairly savvy when choosing websites . Be sure it is not just a `` lead collection site '' which will sell your information to many life insurance agents and your phone will ring for days and sometimes months . Also , be sure of how many life insurance carriers are being shopped when receiving your quotes . You should choose from at least 20 if not more , to be sure you are getting the best price for coverage . Also , if you have any health or life style challenges I recommend using an independent broker to professionally shop for you to avoid the challenges of finding the best coverage at the best price for your unique situation .


Input: Can I Purchase Life Insurance Online?

Output: Yes you can purchase life insurance online ! Even my website has a quote engine that will allow you to submit an application online with several of my companies . I try to advise my customers which companies are best for their particular needs but they can literally apply without my assistance if they chose to .


Input: When Can I Take Out My 401K?

Output: A 401 -LRB- k -RRB- plan is a benefit from an employer . The employer has written into the plan the circumstances under which money can be withdrawn from the plan . As long as you are an employee you are bound by the terms of the plan . When you leave employment you have options among which could be withdrawal . Again , though , this is determined by the plan document .


Input: Does 401K Withdrawal Affect Social Security Benefits?

Output: Social Security is affected by income you receive during retirement . There are ways to maximize your retirement income looking at when to draw on your Social Security versus using your 401 -LRB- k -RRB- . What really comes into question is how is the taxation of your retirement funds going to cut into your potential income . Working with a professional who has specific knowledge in the Social Security Income system is a must . First I would recommend going to the Social Security website , set up a free account for yourself , and see what your estimated benefit is going to be . From there you can plan the best way to start using your retirement monies , keeping the tax liability to a minimum and to maximize the potential income you have available .


Input: How Do You Switch Home Insurance?

Output: That is a great question ! The first step is to find the new coverage that you want . Once you 've found it , contact your current insurer , and notify them that you wish to cancel the policy with them . Start the new policy on the day the old one ends . Contact your mortgage company , and send them all of this information . The most important thing is to ensure that you have no lapse in coverage . I hope that helps , thanks for asking !


Input: How Do You Switch Home Insurance?

Output: If you decide to switch homeowners policies apply for the new insurance . When the new insurance is approved , the company will issue a declaration or other form of evidence of insurance . If there is an escrow account involved they will also send them the evidence and a bill for the premium . The former insurance company may need to be notified , the agent will probably assist . When the cancellation is done the first company will return any unused premium , or bill for the balance due . The escrow company is familiar with this transaction .


Input: What Is The Tax Rate On Annuities?

Output: Annuities are tax deferred or immediate . But all annuity gains are an ordinary income taxable event at the tax bracket of the annuity owner . Annuity gains and basis in qualified plans are also an ordinary income taxable event at the tax bracket of the annuity owner . And keep in mind that annuity income will be used in the provisional income test for Social Security benefit taxation , an ordinary income tax event as well .


Input: What Is The Tax Rate On Annuities?

Output: When an annuity is subject to tax a determination is made as to the basis in the contract . The basis is the sum of all premiums paid into the contract . The difference is then subject to tax as ordinary income . However , the annuity could be the funding vehicle for a Roth IRA or Roth 403 -LRB- b -RRB- in which case the proceeds would not be taxed at all as long as the contract had been held for five years and the annuitant was more than 59.5 years old .


Input: How Much Will My Car Insurance Go Up With A DUI?

Output: Talk to your Insurance Professional about the specific terms , conditions and pricing of your policy . It is safe to say that a DUI conviction will more than likely raise your rate . Your advisor should be able to give you a pretty accurate idea as to howq much . The violation is considered major for sure as opposed to failure to obey a trafic control as an example . Be sure to ask about any available discounts that make make the rate increase a bit more manageable by helping to offset some otf the increased cost . If the DUI results in a license suspension , your insurance company may take action to cancel your policy mid term . YOu will then need to discuss other options .


Input: How Much Will My Car Insurance Go Up With A DUI?

Output: Your car insurance will probably increase if you have a DUI . However , the amount of the increase will depend on many factors including your age , where you live , the coverage you have and what other -LRB- if any -RRB- tickets or accidents appear on your driving record . It may be important to shop and compare different carrier prices since there could be some large differences .


Input: How Does Mortgage Disability Insurance Work?

Output: Mortgage disability insurance policy features may be different for policies from different companies . But the general gist of mortgage disability insurance is that it makes your mortgage payments for your during a period of being disabled . The payments are in addition to any other disability insurance policies you might have , and go to the lender . There is also an elimination period as with regular Disability insurance .


Input: What Is The Cash Value Of My Life Insurance Policy?

Output: To find the cash value of your life insurance policy , you can contact your agent , or the insurance company through which your policy was purchased , to order a `` current illustration '' . That report will show the amount of cash value in your policy at this point in time . You can also order an illustration to show what your cash value will be in the future .


Input: What Is The Cash Value Of My Life Insurance Policy?

Output: If you have a Term policy the cash value is Zero . Nadda . Zilch . If you have a Universal policy or a WHole Life policy it will depend on how long you 've had the policy , how much you 've paid into it , and if your insurance provider pays dividends to you - how well the companies investments have performed . As Peggy mentioned you can ask your agent for the current cash value of your policy , or you can request an `` In Force Illustration '' from the insurance company . But you SHOULD be receiving an annual report that should tell you what the current cash value is and the current face value benefit is .


Input: What Is The Cash Value Of My Life Insurance Policy?

Output: Cash value in a life insurance policy is the money which is in excess of the cost of insurance and other internal costs . This money is typically growing with an interest rate which is declared as a guaranteed minimum and a current rate . There is also a surrender value which means if you were to cancel the policy , that money is what will be returned to you . It may be different than the cash value as there are surrender charges especially during the first 10-15 years of the policy depending on the company and product .


Input: How Do Variable Annuities Work?

Output: A tax deferred variable annuity is an insurance and a security product , governed the department of insurance in each state and FINRA . Variable annuities generally have a two crediting methods : a guaranteed fixed interest rate account and separate sub accounts using equities and bonds investments . The adviser performs a risk tolerance assessment to determine the contribution allocation . Variable annuity separate sub accounts can lose money .


Input: How Do Variable Annuities Work?

Output: Variable annuities are complex financial products that can make sense for a very small subset of people.Typically a payment or series of payments are made to fund the policy . The funds are then typically invested in non guaranteed investments such as stocks or mutual funds . The reason they are variable is that the gains or losses will vary period to period , subject to policy specific caps.Fees tend to be higher with this type of policy . Depending on your objectives , you should be able to find better alternatives . As always consult with a trusted advisor .


Input: How Do Variable Annuities Work?

Output: The policy owner places money into the contract by paying a premium . The premiums can be allocated to specialized insurance mutual funds called sub accounts . The investment performance of the sub accounts determines the cash surrender value of the annuities . There are generally additional benefits associated with the annuity like refund of premium upon death meaning the insurance company will pay the beneficiary at least the premiums put into the contract by the contract owner . This is helpful if the investment performance of the annuity has declined and the contract is worth less than the money placed into the contract . Additionally , many variable annuities have what are known as Guaranteed Minimum Withdrawal Benefits which offer certain guaranteed income benefits to the contract holder based on the cash value of the annuity .


Input: How Much Can You Save On Homeowners Insurance With A Security System?

Output: The amount you save varies by company , but it typically wo n't even pay for one month of service . The reason to get a security system is for peace of mind not for an insurance discount . That being said , regardless of how big or small the discount is , let you agent and/or company know that you have installed the alarm since you deserve the savings .


Input: How Much Can You Save On Homeowners Insurance With A Security System?

Output: Typically , you should expect to receive a discount that represents somewhere around 10 % on your Homeowners ' premium . You may find that it is necessary to have a burglary and fire alarm system installed in order to obtain insurance if you own or are buying a higher value custom home that also happens to be located in an area where fire services and water supplies are not readily available or in close proximity to your property .


Input: How Much Can You Save On Homeowners Insurance With A Security System?

Output: Normally the discount is about 10 % on your Homeowners ' premium . As Mary mentioned above , you get a home security system because you want or need one , I have one , and suggest it to my clients . Sometimes the home security sales pitch includes the insurance discount , just smile when they say that .


Input: Is Homeowners Insurance Included In Escrow?

Output: That is going to depend on you and the agreement that you have with your lender . Some lenders will require that your property taxes and homeowners insurance premiums be escrowed . If you are 80 % or less loan to value for your home your lender may offer you the opportunity to have your property taxes and homeowners insurance premium escrowed or allow you to pay them yourself .