Input: Are there any ART life insurance policies with conversion privilege allowing conversion to level term?

Output: I am unaware of any ART policies offering conversion to a level term policy . Term policies , whether they are annually renewable or have premiums locked in for a set number of years -LRB- 5 , 10 , 15 , 20 , etc -RRB- are typically convertible to permanent policies . There are two types of life insurance : Term and Permanent . Conversion refers to converting from one type of policy -LRB- term -RRB- to another type -LRB- permanent -RRB- .


Input: Are there any ART life insurance policies with conversion privilege allowing conversion to level term?

Output: I do n't know of any that do . That 's not to say that there is n't one . Most ` conversion ' occurs when you switch from term to permanent -LRB- most often whole life -RRB- insurance . ART is just what it stands for , an Annually Renewable Term policy . If you no longer want the policy , you would not renew it . If you want a level , fixed term , you would most likely be looking at a scenario where you may have to be REPLACING the ART with the level term . If insurability is your concern , or maybe the new contestability timeframe , your best option may be conversion to permanent coverage .


Input: What Does Life Insurance Provide?

Output: Life insurance provides your beneficiaries , business partners and charitable organizations the financial peace of mind knowing that they are taken of if your demise occurs . A non-modified endowment contract life insurance with minimum death benefit held for the life of the insured can generate tax advantaged distributions . And life insurance can play be a financial leverage in paying estate taxes , charitable donations and making a difference in your childrens and grandchildrens future .


Input: What Does Life Insurance Provide?

Output: What does Life Insurance provide - CASH when it is needed most , i.e. , upon the death of the insured ! Cash to pay the insured 's funeral expenses , for payment of debts , -LRB- Credit Card , Car & Mortgage loans , and estate taxes if applicable -RRB- to providing money for children 's education expenses and a to provide a lifetime of income for the Survivor . Some insureds designate a favorite charity to receive their life insurance proceeds .


Input: What Does Life Insurance Provide?

Output: What does life insurance provide ? For me , piece of mind and control . The piece of mind comes from the fact that I have thought about my family and had taken steps to provide for them if for any reason I pass away . The control part comes from the type of life insurance I chose to own . I own whole life . The insurance company ca n't raise the premium on me , ca n't do anything to the policy without my consent and the policy ca n't go backwards in cash values . That 's what life insurance provides me . It may be something entirely different for someone else .


Input: What Does Life Insurance Provide?

Output: Life insurance provides money to those who would be financially disadvantaged if the insured person died . It is literally paid to the beneficiary in cash , and is usually not taxable . It provides peace of mind to insured persons while they are still alive , because they do n't have to worry about what would happen to those who are financially dependent on them , if they passed . It also provides a legacy of the deceased person in the minds and hearts of those who received the death benefit .


Input: Who Are The Best Home Insurance Companies?

Output: The best home insurance policy is the one that covers your home at the time of a loss . The very best is the policy that provides the maximum recovery at that time . These policies are sold by insurance agents . If you dont have an agent , ask friends , colleagues or neighbors for recommendation . A good agent will listen to you , provide sound financial advice and communicate clearly with your and the insurance company . Setting the limits on the policy is the most important thing that the agent will do . Make sure the agent knows as much as possible so that the agent can protect you as well as possible .


Input: What Is A 401(K) Retirement Savings Plan?

Output: A 401 -LRB- k -RRB- plan is a qualified defined contribution retirement plan under ERISA , the Employee Retirement Income Security Act of 1974 . The pretax contributions accumulate tax deferred and distributions are taxable as ordinary income at retirement . Some employers also match a portion of employee contribution and those over age 50 are allowed additional contributions under the catch up rule .


Input: Is Car Insurance In America Cheap?

Output: I insured a car in a European country that didnt have a speed limit on its main thoroughfares . That policy cost me a multiple of my USA based car insurance because the frequency and severity of accidents was greater . I have insured a car in an Asian country where liability claims were settled for a very small amount and the car could be fixed on most street corners . That insurance was inexpensive . My suspicion is that auto insurance is less in most countries , but higher in a few .


Input: Where To Buy Renters Insurance?

Output: You should buy a renters policy from an agent that you trust . Ask your colleagues and friends . They will surely recommend someone who can provide the level of service that you need . Once you have met with that person listen carefully to their recommendations . Dont underestimate the value of any of your possessions , or the amount of lawsuit that you could experience . Make sure all the information you give to the agent is accurate and is then transmitted to the company . Read your policy when it arrives to make sure it is exactly what you wanted .


Input: How Much Does It Cost To Get Your Life Insurance License?

Output: Getting your life insurance license will cost different amounts in different states . But it 's never a great amount of money . Just a few hundred dollars . Some insurance companies or local agencies will spencer you and pay for your licensing fees if you agree to be a captive agent for them .


Input: How Much Does It Cost To Get Your Life Insurance License?

Output: When planning to get your life insurance license you need to consider the cost of materials and/or classes to study for the life insurance test , as well of the cost of the testing itself . Then you will have the cost of the license for your state , which must be renewed every two years . You will also be required to take continuing education biannually . If an independent agent , you will need to pay approx $ 500 to $ 1,000 per year for Error and Omission insurance .


Input: Is Medicare Ever Secondary?

Output: Most of the time Medicare is the primary payer for your approved claims but there are times when Medicare is secondary . The most common situation is when you have dual coverage under an employer group health insurance plan and your employer has 20 or more full time emloyees . If you have COBRA , Medicare is the secondary payer .


Input: Does Humana Medicare Cover Shingles Vaccine?

Output: Yes , Humana 's Medicare Part D plan does cover the shingles vaccine . If you are in the Humana Medicare Advantage PPO plan , you must receive your immunization at a pharmacy that bills Express Scripts directly . Those not in the Humana Medicare Advantage PPO plans must call their respective insurance carriers to see where to get their shot . There will be a copay .


Input: Can I Enroll In Part B Medicare Online?

Output: When you applied to Social Security to start taking your retirment benefit Social Security would have automatically enrolled you in Part B. I am obviously assuming you are a citizen and that you have 40 quarters of paid in benefits and depending on your when your 65 birthday is . If you have been on disability for 24 months then you would have qualified for both Part A and Part B . If you will type into your browser `` social security administration '' the 800 number shall appear that you can call our fine public servants and have them pull up your records . Just be sure to sit in your easy chair so you can be comfortablewhile you wait for service


Input: Can I Enroll In Part B Medicare Online?

Output: Yes , you can go to socialsecurity.gov and complete the process online for Medicare . Depending on how much time you have before you need your Medicare Part B to be effective it can be a good tool . Sometimes I suggest visiting your local Social Security office in person to enroll in Medicare Part B if you do n't have much time before your effective date .


Input: How Does Life Insurance On A Mortgage Work?

Output: When you purchase traditional life insurance to cover your mortgage , you are buying a policy that will pay the same death benefit for the entire length of the policy , regardless of what your mortgage is at that time . Most people leave the death benefit to a personal beneficiary who they can trust to pay off the mortgage , or to a trust that stipulates to use the death benefit in that fashion . However , one of the nice things about using life insurance for mortgage protection , is that a beneficiary may decide to keep the mortgage and use the death benefit in another way , if that is more favorable to them . This may especially be true at this time of very low mortgage interest rates . Some people take the step of reducing their policy coverage as their mortgage gets past a certain point of being paid off .


Input: How Does Life Insurance On A Mortgage Work?

Output: Mortgage life insurance works very similar to a traditional life insurance policy - in short , a premium is paid to an insurance company and a death benefit is paid by the company to the beneficiary in the event the insured dies during the life of the policy . There is one key difference between traditional life insurance policies and mortgage life insurance - the structure of the policy death benefit.Traditional policies feature a level death benefit for the life of the policy along with level premiums for a specified term -LRB- or guaranteed forever -RRB- . Mortgage life insurance features level premiums , but have a decreasing death benefit - much like how a mortgage works -LRB- hence the name -RRB- . In today 's marketplace , the rates/premiums for a traditional policy are very competitive with mortgage insurance rates .


Input: How Does Life Insurance On A Mortgage Work?

Output: In Canada , many lenders offer mortgage life insurance . The death benefit reduces along with the mortgage and is payable to the mortgage company . If you change mortgage companies you have to apply again and you may not qualify . The premiums for this vary and often and individual life insurance policy is very competitive . If you purchase an individual policy you are afforded more flexibility , not the least of which is the freedom to move your mortgage without loosing your coverage . Most individual policies have a level death benefit , so as the mortgage principle declines an addition amount is payable to your beneficiary . 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: How Does Life Insurance On A Mortgage Work?

Output: When you are looking at Mortgage Insurance and how it works , in reality its just Life Insurance . When you die you are buying a policy to give money to someone for something . Insurance companies use names like Mortgage Insurance or Readjustment Income to package insurance in a way to make it more marketable . Because you are looking at protection for a given time frame most insurance companies will talk to you about a term policy , 15year Mortgage = 15yrs Term Insurance , 30yr Mortgage = 30yrs Term Insurance . But there are other insurance options available , always talk to an experienced broker that represents multiple carriers so you know all of your options .


Input: What Deductible Should I Have For Homeowners Insurance?

Output: Generally insurance is designed to protect you from catastrophic loss . The definition of catastrophic loss varies . For some people a $ 500 loss would be a catastrophe while others can sustain much larger losses easily . To get the most for your insurance dollar you should take the highest deductible you can afford . Companies sometime offer deductibles that are a percentage of the value of the building . These high deductibles have a profound effect on the premium because they greatly reduce the insurance companys risk .


Input: What Deductible Should I Have For Homeowners Insurance?

Output: In Connecticut , many if not al of the insurance providers who offer standard issue policies now have a minimum deductible of $ 1000 . You may of course choose any other higher options that they may offer and , of course , the higher the deductible , the lower the premium . Choose the one that best sits in your comfort zone .


Input: What Information Is Needed For A Home Insurance Quote?

Output: There is a great deal of public information available on the internet about most homes in most locations . At a minimum we would need to know the address of the property . To prepare a quote we would need to know your general description of the home and determine if there were any pets , or trampolines on the property . We would need to know if there were any wood-burning devices inside the home . We would need to know if there had been any claims in the past three years on the property or by the proposed insured . The quote we could give you would not be a guaranteed price as that is done after full underwriting takes place but it is usually quite close .


Input: Which States Have State Disability Insurance?

Output: The states that have laws mandating Disability Insurance are California , Hawaii , New Jersey , New York , and Rhode Island , as well as Puerto Rico . Of these , only California offers a policy that is purchased through the state , and only California uses the exact words , `` State Disability Insurance '' in reference to their state 's program . However , at least short term disability coverage is offered to employees in all these states .


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

Output: What 's the best age to buy Long Term Care Insurance ? There are many opinions as to the answer for that question , offered by professionals in the insurance field and in by professionals in the field of issues related to aging . As someone who has a background in both fields , I think the best age to purchase Long Term Care Insurance is by age 60 . Rates are lower and you are less likely to have a medical condition to disqualify you than if you wait longer than that . Some cite statistics that over 40 % of Long Term Care is provided to persons under age 65 , so you should purchase LTC coverage at a much younger age . But many of the younger persons in extended care facilities have mental illness or other lifelong conditions that would not have qualified them for LTC insurance in the first place . It is certainly true that the younger you are , the lower the rates , but you do have to offset the extra years for which you will be making those payments . More important than that , I believe , is getting the policy while you still qualify . If you see some health conditions sneaking up on you at age 40 that could be trouble at age 60 , get your Long Term Care coverage while you can .


Input: Does Health Insurance Go Up If You Use It?

Output: Health insurance premiums tend to go up over time . You can use them and not see an immediate increase . The increase tends to come at renewal time . And even if you have n't used it you may still see an increase . It is best to be prepared for a rising cost in health insurance .


Input: Does Private Health Insurance Cover Nursing Homes?

Output: Does private health insurance cover nursing homes ? No , not really . While there may be situations such as transition where an individual may be at a nursing home as a recuperative thing where health insurance will pick up the cost , it will not pay for extended stays without the idea of `` going home '' . That would be long term care insurance territory .


Input: Does Private Health Insurance Cover Nursing Homes?

Output: Most private and public health insurance programs do not cover nursing home care . Nursing homes primarily provide support for activities of daily living : eating , bathing , toileting , transferring , and dressing . Health insurance makes claims payments for medical care , not for care to help with activities of daily living . Long term care insurance pays claims for nursing home care . Claims trigger on the policy holder 's inability to perform activities of daily living .


Input: Is Disability Insurance Tax Deductible?

Output: For the average person , no , you can not deduct your premiums . However , if you are a business owner with a corporation , you can pay your premiums through your corporation . At the end of the year , you would claim those premiums paid as income . Always , ALWAYS consult your financial advisor or CPA for tax laws regarding tax laws for insurance .


Input: What Do Most People Pay For Car Insurance?

Output: There are many factors to determine your rates . from age to the type of car you drive and the coverage 's you Also what state you reside in makes a difference . I have clients that pay as little as $ 143 for 6 months but I have clients that pay as much at $ 500 a month . More information is needed to be able to answer this correctly


Input: Will I Be Fined For Not Having Health Insurance?

Output: Under the requirements of the Affordable Care Act -LRB- ObamaCare -RRB- as of January 1 , 2014 , with limited exceptions Americans are required to have major medical insurance that meets the requirements of the Affordable Care Act . If you do not have such coverage in effect then you will be subject to a tax penalty when you do your 2015 taxes in 2015 . The penalty for 2014 is $ 95 per adult & $ 47.50 per child -LRB- up to $ 285 per family -RRB- or 1 % of your Adjusted Gross Income , whichever is greater . This tax penalty will increase in subsequent years . However , the tax penalty can only be recovered by the IRS from an income tax refund that an individual or family is entitled to . Your bank account or wages can not be garnished by the IRS to assess the tax penalty .


Input: How Does Renters Insurance Payout Work?

Output: When you report a claim on your renters policy , the company will assign an adjuster to the claim . The adjuster will collect all the necessary data to prepare a settlement of the claim . If the claim is a liability claim , the company will pay for defense costs and judgments up to the limits of the policy . If it is a loss of property , they will normally determine the actual cash value of the items lost and offer that amount minus the deductible as settlement . If you replace the items lost and have replacement cost coverage they will send subsequent amounts to reflect the cost of replacing the items lost .


Input: Does Renters Insurance Cover Leaks?

Output: A renters -LRB- tenants -RRB- policy does not cover the residence . If there is water damage to your personal property -LRB- furniture , clothes etc. -RRB- the policy will probably provide coverage . The nature of the loss is important . If it comes from water entering the house from outside or backing up through the sewers , then it is probably not covered . If it is the result of a sudden breaking of a water pipe in the wall , then it probably is covered . The gray area comes with a slow leak and damage it might cause . The issue then is when was the leak detected . If it was allowed to continue after discovery for a period of time , a resultant claim might not be honored . You always have a responsibility to reduce your exposure and that would include notifying someone that something is leaking in the rental unit .


Input: How Much Does A Single Health Insurance Plan Cost?

Output: You can buy a single health insurance plan for as little as ... well ... 0 dollars ! Yes , that 's right . With the new ACA -LRB- Obamacare -RRB- legislation , a federal subsidy is available that is based on your household income . Depending on that amount , it is possible that your subsidy could exceed the cost of your policy .


Input: How Much Does A Single Health Insurance Plan Cost?

Output: Individual Health insurance rates can vary quite a bit . Rates for a national carrier will differ by state - sometimes dramatically based on a number of factors , including state regulations & requirements , along with claims activity in a given region . Once those `` standard '' rates are calculated , the carrier offers rates that are age banded , and those will vary based on deductible levels chosen , as well as , other features provided with a plan . Lastly , your health history will determine the final rate offered . If you are very healthy - most likely you 'd get the standard or `` quoted '' rate .


Input: Does Auto Insurance Cover A Bike Accident?

Output: If you are riding your bicycle , and you hit an object or person , your auto insurance will not cover any damages you cause or expenses that you incur . However , if you are driving a covered vehicle on your car insurance policy and hit someone riding their bicycle your policy will protect you . The damages you cause and any bodily injury will be covered subject to your policy limits .


Input: Does Medicare Cover STD Testing?

Output: Yes , but for certain types of sexually transmitted diseases -LRB- STDs -RRB- - this is covered under Medicare Part B . The covered screenings include tests for chlamydia , gonorrhea , syphilis , and Hepatitis B and can be done once every 12 months . If your doctor accepts assignment -LRB- accepting the Medicare-approved amount as payment in full -RRB- , then you will not be charged for the screenings .


Input: What Is Defined Contribution Retirement Plan?

Output: A defined contribution plan is employer sponsored retirement plan under ERISA -LRB- The Employee Retirement Income Security Act of 1974 . -RRB- Employees can contribute up to the maximum limit set by ERISA each calendar year with rep taxed dollars and their accounts accumulated tax deferred . A 401 -LRB- k -RRB- is an example of a defined contribution plan .


Input: Can I Get Life Insurance On My Grandparents?

Output: Getting life insurance on grandparents can be touchy . Life insurance is not meant to provide profit to the Owner of the policy , it is meant to prevent the Owner from suffering loss as the result of the Insured persons 's death . So if your grandparents are living with you , or you contribute to their living expenses , life insurance would be a reasonable way to repay you . If you do not contribute to their well being through money or services that would cost them money if you did not do it , then you do not have an `` insurable interest '' in their lives . This would make it difficult to be Owner of a policy on them for over $ 50,000 . However , most life insurance companies will allow grandchlidren to purchase a policy on their grandparents for final expense reasons . This is very common and a great way to ensure that the death of a grandparent does not cause undue hardship to the family .


Input: How Much Does Long Term Care Insurance Pay?

Output: You determine how much long term care insurance pays when you purchase the policy . E.g. . You may decide that you want to purchase coverage of $ 100/dayand that it would pay that benefit for a maximum of three years . If you did not put a Cost of Living Rider on the policy , it would pay $ 100/day until your stay ended or until you used up the three years of benefits .


Input: What Is Pooling Level Health Insurance?

Output: Health insurance carriers will pool claims internally up to a predetermined level and then lay off the risk to a reinsurance carrier for excess claims . The pooling level will vary by carrier , type of coverage and other factors . Pooled health claims are used in determining renewal action for individual and group health plans .


Input: How Much Does Homeowners Insurance Go Up Each Year?

Output: It depends on the loss experience of the company , construction cost inflation , and a number of other factors . Sometimes the insurance will go up , and even down -LRB- which is rare -RRB- . The general trend is for homeowners to go up . The catastrophic losses for most companies in recent years has been tremendous .


Input: Can You Borrow From Group Life Insurance?

Output: Group life insurance is not an individual ownership policy , so unless the plan offers a loan provision the answer is no . Additionally , the vast majority of group life insurance plans use term life insurance , so no cash to borrow there as well . Group life insurance is base benefit coverage for business employees .


Input: Can You Borrow From Group Life Insurance?

Output: Can you borrow from a group life plan ? Usually the answer is no because most group life is term life which has no cash values to borrow from . There may be a few cases where a group plan is set up with individual cash value life policies which could allow loan provisions , but very rare .


Input: Who Offers The Lowest Cost Life Insurance In 2013?

Output: There are two ways of looking at cost , What is the least cost today ? Or what is the least cost on the day that I die ? The cheapest life insurance policy is the one that is in force on the day that you die . Many life insurance policies expire or are cancelled before the insured dies . Those policies are pure cost without any financial benefit .


Input: Who Offers The Lowest Cost Life Insurance In 2013?

Output: The lowest cost life insurance is really a misnomer , as there is no specific company that is lowest for any one demographic or policy type . There might be fifty different life insurance companies that have the `` best '' price , depending on the age , gender , health status , height/weight ratio and a myriad of other factors . Usually , the best bet will be to seek out an independent life insurance agent , because they will be contracted with most companies out there . They can then direct you to the `` cheapest '' , if that 's the most important metric for you , based on the particulars of your specific situation .


Input: Who Offers The Lowest Cost Life Insurance In 2013?

Output: Life Insurance rates are very fluid right now . A plan I may have quoted January 1st as the lowest permanent policy for a client may not even exist today . As Sam said , have an independent agent quote your specific need . They will normally know which companies are the most competitive for a given set of factors . Your age and health , how much and for how long . Remember that `` cheapest '' is relative . Do you want the cheapest for one year , 20 years or till you die ? Do you want the rate guaranteed ? For how long ? Sounds much more complicated than it is . An experienced agent can walk you through it easily .


Input: Who Offers The Lowest Cost Life Insurance In 2013?

Output: That is a great question ! The answer is kind of difficult to give you though - life insurance is like a tailored suit , what fits you best , may not fit me at all . As such , what the cheapest price you would pay for your suit may not be the cheapest that I 'd pay . Many different things go into determining what you would pay , the simplest being your age , gender and smoking preference . Add to that your health , your prescription history , and your occupation . Then toss in the amount of coverage that you want , and the time frame that you want it for . You can see it gets a little complicated . The best thing to do is to find a local independent agent -LRB- one not tied to a single brand name -RRB- who can give you several options to choose from . I hope that helps , and if you live in the Houston area , drop me a line , I 'd be happy to help . Thanks for asking !


Input: Why Is My Medicare Premium So High?

Output: It depends which Medicare premium you are speaking of . If you are referring to a Medicare supplement plan then you should have an independent agent review your plan to see if there is a better option available on the market . New plans and carriers come out all the time so if you have had your plan for a few years you might be able to save some money . If you are referring to your Medicare Part B premium , that is around $ 105 per month for most people -LRB- as of 2014 -RRB- . However , if you have worked in the last 2 years your premium can be higher based on your income . Basically the more you make the more your Medicare Part B premium will be . I wrote an article on how to figure this out last year that will give you more details . If you copy and paste this in your web browser you will be able to read the article in full along with a income chart and the Medicare Part B premium that goes along with the higher income brackets . Click the link ... WEBSITELINK


Input: What Is The Best Rated Homeowners Insurance?

Output: Insurance companies make promises . They are regulated by the state insurance commissioner who has two charges , keep the insurance companies able to keep their promises and to keep you as a consumer happy . There are many criteria that could be used to compare homeowners companies . The overwhelming majority of companies are going to keep their promises and pay claims as they occur . The best way to find a good homeowners insurance company is to contact a good insurance agent . If you dont have an agent , get a recommendation from a friend , colleague or neighbor . The advice of the agent is what is critical and a good agent will not want to represent any suspect insurance company .


Input: What Is An Absolute Assignment In Life Insurance?

Output: An absolute assignment of life insurance is a way of transferring ownership and proceeds from the policy to another person or institution . Absolute assignment of life insurance is sometimes used as collateral when obtaining a loan , as the lender is repaid by the life insurance if the borrower dies . Some people use absolute assignment of life insurance as a way of leaving money to charity .


Input: How Does Term Life Insurance Work?

Output: Term is Temporary Insurance . It is for a specific number of years and then ends and you must start all over again . For this reason you may be best off with Whole Life , which is permanent life insurance and builds up cash value . It costs more at the start but after 3-4 years , starts saving most people money . Give me a call and we can talk the specifics on what may be better for your personal needs .


Input: How Does Term Life Insurance Work?

Output: Term life insurance takes all the premiums you pay for your policy , and applies it toward `` pure '' life insurance protection . That means that the only purpose of the policy is to pay your beneficiary upon your death -LRB- assuming you are the insured person -RRB- . Period . Permanent insurance charges more so that the policy can accumulate cash value , possibly pay dividends , and -LRB- usually -RRB- stay in effect for the rest of your life . Term life insurance does not do any of those things . It charges the least possible amount so that your beneficiary will receive a death benefit if you pass away within a certain number of years .


Input: How Does Term Life Insurance Work?

Output: Video Transcript : How does term life insurance work ? It 's temporary . It does have conversion ability in case you want to extend it past the time that you need it , but it 's actually in increments of 5 , 10 , 15 , 20 , sometimes even 30 ; there 's a few carriers out there that actually do a 40-year term . Term is a very inexpensive way to cover financial indebtedness , future obligations for a temporary time , as well as other areas that you may want to look at , especially if you 're in business . You can indemnify each other as partners . Term insurance is temporary coverage for any time period that you can actually look at , and hopefully by the time your temporary coverage is over , that all your liabilities and other issues like even funeral and final expense are already paid for through your own asset accumulation .


Input: How To Apply For Obamacare?

Output: Applying for Obamacare -LRB- Affordable Care Act -RRB- will allow you to purchase quality healthcare , with pre-existing conditions covered and possibly a federal subsidy to pay for some , most or all of your premium . The easiest way to apply is with the help of an experienced broker with a top-rated website . With 33 years of experience in the business , helping customers find the lowest rates is what we do best . Visiting the . gov website directly has resulted in long delays , missing information and lost applications . That 's why an experienced health insurance broker is your best option . Of course , no fees and the same low rates . Open Enrollment typically takes place for a few months out of the year starting in November . However , several specific exceptions -LRB- life events -RRB- allow you to apply at any time of the year , even after Open Enrollment ends . There are four Metal options along with a catastrophic plan that is available in specific circumstances . Can Obamacare help you . Let 's find out !


Input: How To Apply For Obamacare?

Output: Great question ! To enroll in the Affordable Care Act , aka Obamacare , go to www.healthcare.gov . There is an annual enrollment period each fall that allows enrollment . If you missed the enrollment window , several life events will allow you to enroll at any time - a birth , marriage , divorce , or a loss of employer coverage , for example . Thanks for asking !


Input: Does Renters Insurance Cover Property Damage?

Output: A renters policy does not cover the residence . It only covers your personal property . If you are responsible for damage to the property , the liability section of the renters policy should provide for defense and costs of repair . The tendency is to purchase a minimum renters policy . The cost is so low , it would be better to estimate high and make sure that there is enough coverage to replace that which is destroyed by an insured peril .


Input: Does Renters Insurance Cover Property Damage?

Output: Renters insurance covers your personal property or property in your care custody and control from the perils listed in your policy . If the property is damaged due to things like Fire , lightening , vandalism , theft or other perils then it would be covered . If you damage someones property then there is no liability coverage for property damage .


Input: Does Renters Insurance Cover Property Damage?

Output: That is a great question ! The answer depends really on how the damage occurred . If the damage was part of a normal event , like a fire , weather damage , etc. , then you should be covered . If the damage was a result of negligence , or horseplay , if you had added liability to your policy , then you may be covered , and without it , most likely not . Check with your agent to be certain . Good luck , and thanks for asking !


Input: How Do You Notify Medicare Of A Death?

Output: All you have to do is call 1-800-Medicare or your local Social Security office . If the person was on Medicaid you can notify your case worker and they will handle the notifications . Do not cash any Social Security checks received after the death of the individual . The will have to be returned .


Input: Is A Life Insurance Check Taxable?

Output: NO , NO AND NO ! This is one of the major advantages of buying life insurance . The benefits paid are entirely tax free for virtually all insured in America . What better way to protect yourself , your family , and all those you love , than a tax free gift of life insurance money ? Thank you . GARY LANE .


Input: Is A Life Insurance Check Taxable?

Output: That is an excellent question ! The very nice answer is that the money paid from a life insurance company to the beneficiary is not subject to State or Federal Income taxes . It is not counted as taxable income on your taxes . It is basically free money , and that is one of the main reasons that people buy policies . Thanks for asking !


Input: Is A Life Insurance Check Taxable?

Output: Whether a `` Life Insurance check '' is taxable depends on what kind of life insurance check it is . You did n't say if it was the death benefit proceeds , or if it was a cash withdrawal from the policy , or if it was a loan against the cash value of the policy . The payment of the death benefit to the beneficiary is NOT taxable . A check for a LOAN against the cash value is NOT taxable . However if you surrender the policy for the cash value or if you do a partial surrender for cash , if you receive more money than you have paid in , -LRB- cash basis of the policy -RRB- , then the amount in excess of premiums paid in WILL be taxable as ordinary income .


Input: What Is Rate Class In Life Insurance?

Output: The rate class of a life insurance policy can also be called the risk class , or health rating . It is the class that you are put in based on your health and other risk factors -LRB- family history , dangerous hobbies , health conditions , weight , and many other things figure in -RRB- . The rate classes go from one step above Preferred to Table 8 , with most Term policies . One table rating usually adds 25 % onto the Standard rate , although this calculation varies among companies .


Input: What Is Rate Class In Life Insurance?

Output: Life insurance underwrites the health of the policy insured via various medical tests and the collection of attending physician statements . Those tests result in an underwriting score based on the debits and credits of an underwriting balance sheet . The parsing of classifications can be very specific like nonsmoking Super Preferred , Preferred Plus , Preferred , Standard Plus , Standard , Preferred Smoker , Standard Smoker , Tobacco user -LRB- pipes , chew , cigars , and snuff -RRB- . Then there are 16 substandard tables that measure impairments , recreational and vocational hazards .


Input: How Much Is Car Insurance For A Single Person?

Output: In order to tell you how much car insurance is for a single person . And I assume this quote would be for the person who asked the question I would need to know several things . Your address , your date of birth , your drivers license number , type of vehicle , annual miles driven , in some areas your Social Security number . We would need to review the coverage 's you desire , I would also want to know your occupation and/or school history as there are additional discounts that may be available . While there are other questions I would have these are the basics . Then I can find out how much auto insurance would cost you .


Input: Does My Homeowners Insurance Cover Fence?

Output: Your fence is probably covered under your homeowners policy . Most companies cover fences . Fence claims are relatively easy to adjust . When filing a claim for damage to the fence remembers that the claim is subject to the policy deductible . It is possible that the recovery from the claim will be insignificant and hardly worth the bother .


Input: Can Life Insurance Be Reinstated?

Output: Getting one 's life insurance policy reinstated is not difficult if there has not been a change of health . If your policy lapsed and you wish to try to reinstate it , you will be required to fill out a reinstatement form with health questions asked . If your health has gotten worse , you most likely will not be able to reinstate your policy at the rate you had before . Normally , this means that you must apply for a brand new policy . It is important to promptly notify your insurance company -LRB- not just your agent -RRB- when you have a change of address . If you are using automatic withdrawal from a bank account and switch banks , you must also notify the insurance company of that . The most common reason for a life insurance policy needing to be reinstated is because the policy payer moved and/or changed banks , and then did not get the premium paid on time due to not receiving the bill , or due to the the bank account being closed .


Input: Can Life Insurance Be Reinstated?

Output: Can life insurance be reinstated ? Yes it can , depending on what state you live in the window of opportunity can vary . In my state , a person actually has 6 months after canceling the policy to reinstate it . It may vary in other states . You should read your policy for specifics to your situation or call the carrier and ask .


Input: Can Life Insurance Be Reinstated?

Output: Yes , up to a certain point . Life policy reinstatements vary by carrier and by the length of time since lapse occurred . In some cases , limited underwriting may be required . In others , a simple statement of continued good health may be required in lieu of new medical underwriting . Payment of back premiums from point of lapse would also be required .


Input: Can Life Insurance Be Reinstated?

Output: In most cases , yes a life insurance policy can be reinstated for a short period of time . These times vary by carrier . Most will range from 60 days to 180 days or 6 months without proof of insurability . You will have to catch up the back premiums for the lapse period which sometimes can be a bit expensive depending on your original premiums . Your life insurance company will send you a form to complete and sign along with the amount of back premium owed . Once you have exceeded the carriers grace period , you will have to reapply for coverage .


Input: Does Universal Life Insurance Make Sense?

Output: Universal life insurance helps you to maximize your death benefit and minimize your premium for your permanent life insurance coverage . The emphasis of the coverage is placed on the death benefit -LRB- as opposed to the cash value like in whole life insurance -RRB- allowing you to optimize your dollars . With any permanent program -LRB- with the exception of certain participating whole life policies -RRB- , the carrier takes back any cash value remaining in the policy upon the death of the insured and pays out the death benefit proceeds -LRB- the face amount of the policy -RRB- . If you 're buying permanent coverage for the sole purpose of the death benefit , you want to look at buying aGUARANTEEDUniversal Life policy -LRB- GUL -RRB- . These policies can be structured to keep the premiums remaining fixed and guaranteed for life -LRB- or guarantee them up to a specified age - e.g. 90 , 95 , 100 , or up to 121 -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Does Universal Life Insurance Make Sense?

Output: That is a great question ! Universal Life Insurance makes sense if you want and can do , the following things : Be willing and able to consistently pay more than the minimum payment every month ; Be willing and able to monitor the progress of your policy , and its cash reserves and interest rates ; and be willing and able to invest in this policy over a significant amount of time . This kind of policy can be a great thing , or a heartbreak in the making , so it is not for the `` buy it , make a minimum payment every month and forget about it '' buyer . Depending upon what type of person you are , it may or may not make sense for you . Please contact me , if you 'd like to discuss specifics , okay ? Thanks for asking !


Input: Does Universal Life Insurance Make Sense?

Output: Universal life is a versatile financial instrument that has applications in estate , retirement and financial planning . To understand if it makes sense for you an understanding of the product design is needed , A permanent insurance policy has three main components : mortality costs , interest -LRB- earnings -RRB- and expenses . The amount of premium that you pay is determined by those components . With a traditional whole life policy the premium is guaranteed and the insurance company manages the components . You simply pay the premium . With a universal life policy the mortality costs and expenses are typically guaranteed . You choose the investment options and within limits the premium level . WIth this flexibility the bottom line is you get to and have to manage the policy . 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 A Variable Annuity Life Insurance Policy?

Output: That is a great question ! Unless you are referring to the company by that name that is here in Houston , I think you might be confusing two separate things . There are variable whole life policies , and there are variable annuities , and both are insurance products , but they are vastly different things . Both have few guarantees on performance , and can make or lose money based upon the performance of the underlying investments . Variable products are generally considered securities , and are regulated by the SEC , while normal life insurance and annuities are not . Annuities require a period of time , at which point they pay out a stream of income ; Life insurance pays when you pass away . The only other thing that I could imagine is a variable policy that is offering an income stream for the payout , as opposed to the lump sum benefit that is normally paid . I 'd have to know more about what you were looking at to be sure . I hope that helps , thank you for asking !


Input: Can You Get Medicare With A Green Card?

Output: Yes . To be eligible for Medicare when you have a green card , but are not yet a U.S. citizen , you must have lived in the U.S. for at least 5 continuous years and you 've met your 40 quarters of working life in the U.S. and paying FICA taxes . If you do n't meet the work requirement , you may be able to get Part A , but likely have to pay the Part A premium . If each condition is met , you should be eligible for premium-free Part A.


Input: Can I Have Two Homeowners Insurance Policies?

Output: You can have as many homeowners policies as you have homes . If you own a house that you are leasing to others , then a fire policy would be the more appropriate choice -LRB- it has only limited coverage for personal propertycontents . -RRB- You can not , however , have two homeowners policies on the same home and hope to claim damages from both policies .


Input: What Does M Mean On Medicare Card?

Output: The letters at the end of your Medicare number are used as designations that describe how you qualified for Medicare . The letter A means you were a Social Security wage earner . The letter W means you are a widower of an eligible spouse , W1 a widower . Letter M is someone who is covered under Part A only .


Input: Why Get Life Insurance At A Young Age?

Output: The younger you are , the less expensive it will be . I like to commend a policy to cover final expenses , at least . The last thing a grieving parent needs is to figure out how to come up with money to pay for a funeral . Losing a child is one of the worst things that could ever happen to someone . Also , the cash value in the policy can help start a nice savings at the same time .


Input: Why Get Life Insurance At A Young Age?

Output: When purchasing life insurance the younger and healthier a person is , the more affordable the premiums can be . First , before purchasing life insurance you must determine is there an insurable need ? Meaning who would suffer financially at your death ? Could be a loved one that would have to pay for expensive funeral expenses . Could be a loved one that depends re your income . Could be someone that would incur your debt upon your death . There are literally hundreds of reasons to purchase insurance and the younger you make that purchase the cheaper you will find your premiums to be . However , do n't just purchase life insurance just because it is cheap , be sure you have a reason .


Input: What Is Short Term Disability Insurance?

Output: Short term disability insurance is used to cover illnesses and injuries that typically last under a year , or up to two years . Surgeries , chemo treatments , maternity leave , broken bones and sprains , and back injuries are some common ailments covered by short term disability insurance . The policy pays income to the disabled person until they can go back to work .


Input: What Is Short Term Disability Insurance?

Output: Before shopping for short term disability insurance , first determine if your employer 's group benefit plan offers it . If your an executive or key person in the company , you may ask for short term disability insurance to be added to your compensation package . Short term disability benefits usually is designed for two years . Short term disability is paycheck protection against illness or injury recovery .


Input: What Is Short Term Disability Insurance?

Output: Short Term Disability Insurance is coverage that pays part of your income to you in cash when you become unable to work due to illness , accident , or in some cases , pregnancy or childbirth . It usually starts within days after the disability occurs and lasts for about 6 months , although it can possibly pay out for as long as two years .


Input: How Much Would It Cost For Car Insurance?

Output: It depends on many different factors . Driving experience , tickets , accidents State your in type of vehicle . You would really need to get a few different quotes to know . 3 to 4 quotes would be good never settle for one quote . You could visit my blog for quotes and information .


Input: Does Health Insurance Cover Lupus?

Output: Any true major medical insurance policy , group or individual , should cover treatment for Lupus as it is an autoimmune disease in the same class as arthritis . Perhaps a person who was issued an individual health insurance policy that was grandfathered under the terms of the health care reform law was issued coverage excluding Lupus as a condition of issuing the coverage but that 's about the only context I can think of where this question could arise . Certainly in the era of health care reform , especially after January 1 , 2014 , coverage for conditions such as Lupus should not be a big point of discussion . No policy issued after that date can have pre-existing condition exclusions or limitations . That being said , how treatment for conditions such as Lupus are handled from a level of coverage perspective can and do vary from one insurance carrier to the next . First of all , your perception of coverage may be affected by the type of policy you have enrolled in . If you enrolled in a policy with a $ 6000 deductible then your perception might be that your condition is n't being covered when actually it is but you are n't seeing any benefits until you 've met your deductible . In other cases your insurance carrier may have treatment protocols in place that guide your physician on the methods of treatment and types of medications that must be adhered to for treatment of such a condition and these may be a departure from your past experience and usage . If you are covered under a non-compliant health plan , possibly a limited benefit or indemnity type plan , then it is quite likely you would have little or no coverage for Lupus or be subject to pre-existing condition exclusions and/or waiting periods . Short Term Medical policies , which by nature do not cover pre-existing conditions , are also another possible area where a person could find that Lupus would not be covered . But , in today 's environment , a person suffering from Lupus can get major medical coverage that covers their condition .


Input: Is Income From Annuities Taxable?

Output: There are two answers : One covering qualified plans and the other non-qualified plans . Incomes from qualified annuities are completely taxable at ordinary income tax rates . Income from non-qualified annuities tax only the gain and if the income is generated by lifetime annuitization the basis will be distributed tax free and amortized from the date of distribution to life expectancy , i.e. via the exclusion ratio .


Input: Does Obamacare Cut Medicare Payments To Doctors?

Output: The short answer to your question is NO . The Affordable Care Act does not cut checks to your doctors . The ACA is a law that was passed so all Americans can have access to healthcare no matter if they have pre-existing conditions or not . It makes everyone even and no health questions are asked now other than do you use tobacco products and are you male or female and age . The purpose of the Marketplace that was developed by the government was so people could come to one place and search for heath insurance from all of the insurance companies in their area for plans that meet the new law , apply for a subsidy to help pay for the insurance , and choose their plan . If eligible for a subsidy then the government pays the insurance company the amount you qualified for and they subtract that from the cost of the insurance or you can get the subsidy when ever you file your taxes .


Input: Does Obamacare Cut Medicare Payments To Doctors?

Output: Medicare and the Affordable Health Care Act plans are separate . The rates paid by Medicare for services to providers -LRB- physicians , hospitals etc. -RRB- are laws and regulations which change from time to time . When Medicare payments get too low , providers can refuse service to Medicare recipients . The Supreme Court has decided that the Affordable Health Care Act is a tax . Medicare is a benefit .


Input: Can The Irs Levy A Retirement Plan?

Output: The Internal Revenue Service under IRC Section 6331 has the authority to seize retirement accounts to satisfy federal taxes owed by plan participants in specific scenarios . In general terms , the IRS will mail Forms 668-W or Forms 668-A , which is a notice of levy , to the retirement plan administrator to seize assets . It is extremely important to engage a tax attorney or enrolled agent to represent your interests in a dispute with the Service .


Input: How Much Does Health Insurance Cost Per Month In New Mexico?

Output: It varies from person to person . Your age , where you live , if you use tobacco products , and if you qualify for a subsidy to reduce your premium will determine how much a good policy is going to cost . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . All of the plans offer good coverage . A silver or gold plan are your middle of the road type of plans because they provide strong coverage at an affordable price . I always recommend consulting with an experienced health insurance broker before you apply for anything . We can help you determine the plan that 's going to be most 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 other questions . Thanks very much .


Input: How Do I Choose A Health Insurance Plan?

Output: Choosing a health insurance plan involves several steps , including determining availability in your state , calculating your subsidy , reviewing rates , comparing plans , and enrolling either inside or outside of the Exchanges . That 's a lot of steps ! The process is incredibly simplified when you use an experienced broker -LRB- Do n't worry ! They 're free ! -RRB- . We never charge fees and our websites are constantly updated to reflect current plans .


Input: What Is The Difference Between Life Insurance And Annuities?

Output: Both a life insurance policy and an annuity are designed by and sold by life insurance companies . They use the same information but solve different problems . The life insurance policy is designed to assist those left behind by the death of the insured . They solve the problem of dying too soon . The annuity on the other hand , pays a regular benefit to the annuitant for their entire lifetime thus solving the problem of living too long .


Input: What Is The Difference Between Life Insurance And Annuities?

Output: Life insurance generally pays the entire face amount to a beneficiary upon the death of the Insured , regardless of how many premiums have been paid . Annuities generally take the premium paid in , and pay it back to the annuity holder , with interest . That being said , there are cash value life insurance policies where the policy holder can use the money while still alive . There are annuities that pay a guaranteed death benefit . In other words , there are ways that life insurance policies and annuities can overlap , depending on the type of policy you get . But the general difference in design is as stated above .


Input: Is Homeowners Insurance Different From Hazard Insurance?

Output: These are variation of terms for the same thing . Homeowners insurance was first called fire insurance . The term fire insurance is still used today but in the industry is more oftenrefereedto rental properties . Other terms are HO3 or HO5 which are types ofcoverage ` sfor homeowners insurance . So whether homeowners , hazard or fire insurance , you are using generic variations of the same thing .


Input: Is Homeowners Insurance Different From Hazard Insurance?

Output: Homeowners is the most common form of hazard insurance . Hazard insurance covers property damage caused by fire , wind , storms , and other similar risks . Sometimes earthquakes and floods are also covered , however usually they are not . The term hazard insurance appears often in communications with a title insurance company .


Input: Is Homeowners Insurance Different From Hazard Insurance?

Output: Hazard Insurance is simply a term utilized by the mortgage industry for property insurance that secures the mortgagee interest in the collateral loaned against . Homeowners Insurance is a form of hazard insurance specifically tailored to the needs of the titled owner of his/her primary home . For more detailed information regarding homeowners insurance , please click on the following link : WEBSITELINK


Input: What Is An Affidavit Of Spousal Health Insurance?

Output: An affidavit of spousal health insurance is a legal document that may be required by an employer or governmental health plan -LRB- such as a state 's Children 's Health Insurance Plan or CHIP -RRB- that documents if the employee or applicant 's spouse is employed and if they are eligible for or covered by their employer 's group health insurance plan . This form will be used to determine if the spouse is eligible for enrollment or determine that their employer 's plan will pay in a primary capacity -LRB- pays the claim first -RRB- and the other employer 's plan or the government based health plan will pay in a secondary capacity -LRB- paying on any unpaid balance after the primary insurance carrier has paid on a claim -RRB- . Expect to see these types of forms in your workplace or if you or a family member are accessing public health insurance programs . Increasing numbers of employers , both private sector and public sector , are making efforts to move dependent spouses who have access to health insurance elsewhere off of their plans and onto the spouse 's employer 's plan . Increasingly an additional premium penalty is being applied to employees who insist on covering a spouse who has coverage available through another employer or source . And , in the more extreme circumstances some employers are declining to cover spouses at all . These actions are a result of the increasing costs of health care that employers and governmental agencies are experiencing and to a quirk in the Affordable Care Act -LRB- ObamaCare -RRB- that does not define a spouse as a dependent . Unfortunately , this is what happens when politician 's pass a law without reading it as was the case with the 2010 passage of the Affordable Care Act .


Input: What Is The Main Difference Between Universal And Variable Life Insurance?

Output: Universal and variable life insurance are two separate concepts . Variable refers to any plan that puts some or all of the premiums invested into stocks . Universal refers to the ability to adjust your premium and the death benefit of the plan depending on your financial situation . A plan can be variable , universal , both or neither . Talk to your local broker to determine which situation is best for you .


Input: Does Renters Insurance Include Theft?

Output: If you 're insured with a reputable company and a good agent , your renters policy should include theft . All a renters policy is is a homeowners policy without the building coverage . It 's there to cover your stuff and your liability . It 's rare , but there are companies that offer coverage that may not include theft . This coverage form is called `` Basic Form '' and it will not cover theft . Never , never , never accept a policy written on a basic form for your renters coverage . The most common form is Broad Form , and it will cover theft . Most companies and agents will use this when writing your renters policy . Do n't accept anything less .


Input: Does Renters Insurance Include Theft?

Output: Let me add one point . Theft and Mysterious disappearance are two separate things . So talk with your agent . Theft coverage will respond if there is evidence of a theft . For example a broken door lock or other evidence that someone gained access to your premises . The broader coverage available from some carriers can include mysterious disappearance which is basically that the insured item is not where you believed it to be and therefore has been possibly stolen or you simply do not understand how it disappeared . Mysterious disappearance is generally more expensive than theft , and is generally purchased in-connection with protecting valuable articles of jewelry , watches and furs or other property that have their own sub limits in a homeowners or renters policy . Read the policy relative to how jewelry , watches and fine arts are protected and if it does not sound like enough coverage talk to your agent .


Input: How To Find Out Where A Life Insurance Policy Is?

Output: If you believe that a deceased individual owned life insurance you should first start by attempting to find paperwork from a life insurer . If you are successful in doing this , call the insurer with information including the deceased 's date of birth and social security number . If you are not the beneficiary the insurer will not be able to disclose information to you , but you can either have the beneficiary contact the insurer or give the insurer contact information for the beneficiary . If you are unsuccessful at locating paperwork , you can contact the Medial Information Bureau -LRB- MIB -RRB- located in Massachusetts and use their policy finder tool . There is a cost for this , and the success rate of finding a policy is admittedly low , but this can sometimes be helpful . Lastly , you can wait . Insurer 's are supposed to report proceeds to the state in which the deceased was a legal resident to the state 's department of treasury et . al. and hand funds over to them . This is coordinated through the Social Security Administrations Death Master File database . You can then contact the state 's treasury department to inquire about funds being released by an insurer .


Input: How To Find Out Where A Life Insurance Policy Is?

Output: In addition to the tips Brandon gave , you can ask around . If the deceased person lived in that area for a while , they may have purchased their life insurance from a local agency , possibly where they hold their home or auto insurance . A relative or friend may have discussed the company through which their policy was purchased . You can look in the places where they kept their important papers . Unfortunately , many people allow their policies to lapse , and that is why their policies can not be found .


Input: What Does Renters Insurance Protect?

Output: Renters insurance will provide protection for your personal property , personal liability , and loss of use up to the policy levels possibly subject to a policy deductible . If you have renters insurance and your rented premise is damaged by fire , smoke , or lightning -LRB- to name some of the covered perils -RRB- . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: How To Estimate Home Owner Insurance?

Output: Most agents can make an estimate of the cost of a homeowners policy quickly . The more that you know about the home , the better , however , agents also have access to public records that provide a great deal of detailed information about your home . Many agents will do this through email or over the phone . The agent can provide advice about levels of coverage and optional coverages that might be important to you .


Input: Will I Be Taxed On Life Insurance?

Output: That is a great question ! One of the big reasons why life insurance is a good thing to have is that the money paid out -LRB- the death benefit , or face value -RRB- is received by your beneficiary tax free . You paid your premiums after tax , so the benefit is not taxable . It does not have to be shown as income . I hope that helps , thanks for asking !


Input: Will I Be Taxed On Life Insurance?

Output: If the beneficiary was properly set up at the point the policy was purchased , no there is no income tax on life insurance proceeds . However , there are polices written and the beneficiary is the estate instead of a person . In these cases , the policy must go through probate and is subject to the death tax .


Input: Will I Be Taxed On Life Insurance?

Output: Life insurance does not incur income tax . That is a great feature about life insurance . It allows the beneficiary to get more money than if income taxes had to be paid on it , and makes the funds more quickly accessible -LRB- since it does not have to go through probate -RRB- . if you take them death benefit in installments , you will pay income tax on the interest paid to you for the money you have not yet received .


Input: How Does Aflac Disability Insurance Work?

Output: If you are an employee at a business that has offered Aflac to its employees through a section 125 cafeteria plan -LRB- a tax-advantaged funding method that allows a person to fund their premiums with a portion of their earnings before they obtain `` constructive reception '' of the money , thus lowering their adjusted gross income and avoiding FICA and FUTA taxes -RRB- . You are able to obtain short term disability with adjustable `` elimination periods '' -LRB- how long you wait before you start to get your disability payments -RRB- and payment periods -LRB- how long you get your short term disability for -RRB- . With Aflac STD you can even return to work and continue 100 % of your STD payments as long as you are making less then 80 % of what you were previously making . How much you recieve will depend on your earnings , due to the principal of unjust enrichment you are prevented from making a profit from your disability and thus can only suppliment your normal income up to a stated percentage-generally about 70-80 % .


Input: Is Critical Illness Insurance Good?

Output: Some critical illness plans are good , some are not . Most major medical plans will cover the bulk of your medical care if you have a serious illness but there are always deductibles , copay 's and coinsurance that leave you with a lot of out of pocket expenses . A good health insurance based critical illness plan can assist in paying these extra 's .


Input: Can My Apartment Make Me Get Renters Insurance?

Output: Yes an apartment complex or landlord for that matter can require by contract that all tenants maintain renters insurance . This would be a condition of the rental agreement and is designed to protect from a liability suit against the landlord for a potential claim caused by the tenant . If you do not wish to carry renters insurance you have the option of seeking a different landlord without the requirement . On a personal note , renters insurance is very inexpensive and covers so much . It really makes no sense not to carry renters insurance .


Input: Can My Apartment Make Me Get Renters Insurance?

Output: Well yes , they can require that you purchase Renters Insurance as a condition of your lease agreement . Frankly , they do it in order to make sure that thier interest is protected , namely that if either you or someone you know damages the apartment , the complex knows that there is insurance in place to cover their loss . However , it is really important that you purchase insurance to protect YOUR interest . It is your home and your belongings after all .


Input: Much Home Owners Insurance Do I Need In A Condo?

Output: Great Question . Condo Insurance covers you for liability if some one falls in your condo . Also cover you for fire , theft and water damage . You would alos need to have coverage for the inside of your unit for the wall in case of a fire and your unit was damaged . Good Luck


Input: Does Employee Health Insurance End If You Get Fired?

Output: It 's going to depend on the size of your employer . Cobra law comes into play if you work for an employer who on any given day has 20 or more employees actively at work . That does n't mean 20 employees on the medical insurance plan , just 20 employees at a given time . If you work for an employer in that situation you can go on Cobra continuance for 18 months at your expense plus a handling charge . That said , the question involves being fired . It will depend on `` what '' you were fired for ? Gross misconduct -LRB- example theft -RRB- would be grounds not to extend Cobra benefits to you . Getting fired for being late all the time , would not be considered Gross Misconduct . Usually your employer will have a handbook or employee guidebook that cites company policy as it pertains to benefits . With employers under 20 lives not subject to Cobra , there may not be any extended coverage.Depending on the carrier , the carrier may offer a 3 month continuation , but they are not obligated to do so .


Input: Does Employee Health Insurance End If You Get Fired?

Output: Unless you were fired for gross misconduct , you can still qualify for COBRA if you are fired . There may be other reasons why you can not qualify for COBRA . If you did not have enough tenure on the job , you may not qualify for the full 18 month COBRA benefit . Check with your COBRA administrator to determine the rules of your plan .


Input: What Is 1035 Exchange In Life Insurance?

Output: A 1035 exchange allows the cash values of an existing policy to be transferred to another life insurance policy or annuity to allow the funds to continue to grow when a policy is replaced by another policy . These are most effective when replacing whole life or permanent policies with a term policy with a much higher face amount .


Input: What Is 1035 Exchange In Life Insurance?

Output: Section 1035 exchange is a class of financial transaction in which a life insurance or annuity policy is replaced for a new one without any taxable event . There are several classes of exchanges under Section 1035 of the Internal Revenue Code . Section 1030 group of exchanges is a series of tax codes that applies to the tax free situations . Some basic requirements include provisions such as the new policy must be owned by the same individual as the old policy and the new policy must have the same or greater face value .


Input: Is Renters Insurance Cheap?

Output: Cheap is a very relative term but generally renter 's insurance is regarded as being a cheaply priced insurance . Relatively speaking to the amount of the value of the items insured against lost renter 's insurance provides a fair amount of benefit for the cost of the premium on the policy .


Input: What Happens When Term Life Insurance Expires?

Output: When Term Life Insurance expires there may be a couple of choices . With some Term life insurance , the policy just ends . If you want a new policy you would have to apply for a new one . With other Term life insurance policies , you have the option to pay a new , much higher premium . This premium is usually annually renewable and can go up every year . Rather than let the policy expire and have to pay that premium , it would be a better idea to convert the Term policy to a Permanent policy , if that option exists . But converting Term to Permanent must occur before the Term policy expires , sometimes years prior to that time . Review your Term policy 's features to see when the conversion period ends .


Input: What Happens When Term Life Insurance Expires?

Output: When term life insurance expires death benefit coverage is over . Some term life insurance companies offer a 60 day reinstatement period for you to reconsider term conversion if the provision is available through the entire term of the contract . Its best to convert and secure other cover if the original reason for the existing coverage still remains .


Input: Does Homeowners Insurance Cover Damage To Neighbor's Property?

Output: Nearly all homeowners insurance policies have a personal liability amount attached to it . Look for that on your policy . Usually it will be somewhere between $ 100,000 - 500,000 . This amount will protect you from damage to others . If after you have viewed your policy and still can not find it please giveme a call and I will be happy to help you out . Joe


Input: Does Homeowners Insurance Cover Damage To Neighbor's Property?

Output: It may . Talk to your Insurance Professional about the terms and conditions of your policy . If for example , yoo have a tree that you KNEW was severely diseased or dead and did nothing about removing it . If a storm came up and blew that tree down and onto your neighbor 's home or cars , then you very well could be considered negligent in maintaining your property and therefore it might be possible that coverage would be found in the Liability portion of your policy . Change that to a perfectly healthy tree . The storm comes up and there are embedded micro bursts that simply knock the tree over and onto the neighbor 's home or cars . In that scenario , you are more than likely not liable for the damage because there would be no negligence on your part .


Input: Can I Borrow Against Life Insurance?

Output: Video Transcript : Can I borrow against my life insurance contract ? Well , if you have a cash value life insurance contract and it has cash that is exceeding your surrender period or your surrender charges , you 'd more than likely can get to some of this cash . Some people borrow from their policy using policy loans . When you get past about the 15th year , you could also even take your money that you actually originally put in and take that out via a withdrawal . Whether it 's a withdrawal to basis or original premiums that you put in or it 's a policy loan , you can take money out of your policy at any time . There 's no 59 and a half rule like they are in qualified plans . A lot of people like to use life insurance as a sinking fund or a reservoir for cash value . Those policies and withdrawals to basis especially if it 's done after that 15th year in the withdrawal period , those monies come out without taxation . It 's a really good area to have some of your money in .


Input: What Should I Look For When Buying Home Insurance?

Output: -- > Normal 0 Of course , the most important issue to consider before selecting any insurance company is be certain they are financially sound and able to back up the promises they make in their insurance policies . Beyond that , for a homeowners policy consider what you are looking for . Why even consider any agent or insurance company if they are unwilling or unable to offer the coverage you want and need ? So , what do you want your home policy to do ? Rebuild your home if it is destroyed ? Pay you to replace your personal property if it is damaged or destroyed ? Defend you and pay a judgment if you are sued for injuring someone or damaging his or her property ? If so , Id suggest looking for an insurer that offers : Guaranteed Replacement Cost Coverage on your home . Many companies dont . Most insurance companies will pay you to rebuild your house but they will stop paying when you limit is reached . Following a major storm , wild fire or other disaster , building materials and available labor become scarce . Prices increase and consumers find they may not have enough insurance . Guaranteed Replacement Cost Coverage automatically increases your limit to whatever you need to rebuild your home , even if it is double or triple the amount of insurance you carry . Replacement Cost and Special Coverage on your personal property . Most homeowners policies limit coverage on your personal property to a number of specific named perils . Look for insurers who offer Special Coverage , often referred to as all - risk , replacement cost coverage not only on your home but your personal property as well . Personal Liability coverage is an important yet often overlooked part of your homeowners policy . Many families include high limit Personal Umbrella coverage as part of their insurance program . Personal Umbrellas are often considered the least expensive way to purchase high personal liability limits . In addition , these policies should have broader insuring agreements with fewer exclusions and limitations than standard home and auto policies . If these features are available , I would then consider the annual premium and possibly the availability of a local agent who is committed to assisting you should you have a problem .


Input: What Happens When Homeowners Insurance Is Cancelled?

Output: You will no longer be provided coverage that is afforded under the contract . You will need to re-apply for coverage . Many times a company will reinstate the policy as long as you sign a `` no loss letter '' stating that you have had no claims during the time the insurance policy has lapsed .


Input: What Happens When Homeowners Insurance Is Cancelled?

Output: Coverage ceases . The insurance company will notify any party having an `` interest '' in the policy -LRB- these are named in the policy . -RRB- For example , they will notify your mortgage company . Any losses that take place after cancellation will not be honored by the company . Often the company will require complete underwriting to issue a new policy on the same property .


Input: What Does A Renters Insurance Policy Cover?

Output: There are two major elements to a renters insurance policy . The first major division is the loss or damage to personal property . This covers your property at the landlords location . This coverage is usually set at replacing the personal property with either new or used items . The second major division is liability where the company stands by you and defends you if you are sued because of an accident that occurs on the rented premises . There are additional coverages which may appear but these are the basics .


Input: What Does A Renters Insurance Policy Cover?

Output: Each carrier will different bells and whistles -LRB- us insurance nerds call them endorsments and policy forms -RRB- but in general a renters insuranc epolicy is going to cover your stuff -LRB- up to the policy limit -RRB- plus have liability coverage . On renters insurance , we get the questions all the time on `` How much coverage do I need '' ... Do a mental or actual physical inventory of all your stuff , calculate the values to replace and take a policy for that amount . Many carriers have minimum levels of coverage to get `` Replacement cost coverage '' YOU WANT THIS ... You do not want a policy that is Actual Cash Value . If you do n't think all your stuff adds up to that minimum amount for Replacement Cost Coverage , get a policy for that minimum anyway . You 'll be glad you did if there was ever a claim . The liability coverage is there in case someone gets hurt in or around the unit you are renting and their injuries were deemed your fault . This coverage can actually be more important than the contents coverage .


Input: How Much Is Monthly Renters Insurance?

Output: Most agree that a renters policy is inexpensive . The policy is normally written on an annual basis and the use of a monthly payment is a convenience . The premium is determined by evaluating the location , and the amount of coverage desired . This is compared with standard rates and adjustments are made by the underwriter to personalize the policy to your needs .


Input: Will My Car Insurance Drop When I Turn 25?

Output: That is going to depend on the company and whether or not they provide a price break for drivers at age 25 . Remember your auto rate is based on more than just your age . If you have incurred accidents or tickets since the last time that your carrier checked your MVR you could actually experience an increase in your rates . Contact your local agent to find out if your carrier rates a 25 year old differently than a younger driver and what the age breaks may be .


Input: Can I Drive My New Car Without Insurance?

Output: The laws require that a motor vehicle that is being operated on public roads carry liability insurance . Penalties for not carrying liability insurance can range into the thousands of dollars . Also you can have your vehicle impounded and possibly your license suspended . Not to consider if you cause an accident of which the ramification possibilities are endless .


Input: Can Health Insurance Be Taxed?

Output: Health insurance benefits are usually not taxable . There may be some exceptions to this but as a general rule you do not have to pay tax on the benefits . Check with your tax adviser for advice on your own individual situation to be sure that there are no exceptions in your case .


Input: Does Long Term Disability Pay For Health Insurance?

Output: The great thing about long term disability benefit payments is the fact they can be used for anything you choose . Yes , you can pay your health insurance premiums or out of pocket expenses or even medical charges not covered in your health insurance plan . It can also be used for your daily living expenses .


Input: Does Long Term Disability Pay For Health Insurance?

Output: No . Long term disability insurance replaces some or all of your income -LRB- usually your after tax amount -RRB- in the event that you become disabled due to illness or injury and are unable to earn an income . Disability insurance claim payments are paid to the policyholder who is then free to spend the disability payment as they see fit . You could certainly use some of the money to pay for health insurance but a disability insurance policy does not directly pay for health insurance .


Input: Does Long Term Disability Pay For Health Insurance?

Output: Long Term Disability Insurance is a separate policy from Health Insurance . If you suffer an extended injury or illness that renders you unable to work , you will start receiving Disability Insurance benefits -LRB- after the waiting period , or `` elimination '' period , is over -RRB- . These benefits are paid to you in cash and you can use that cash as you wish . There is a Waiver of Premium rider that can be applied to some policies , including some Health Insurance policies . If you had this on your Health Insurance policy , it would allow you to keep your health insurance without paying future premiums if you were severely disabled . If you had this rider on your Disability Insurance policy , it would allow you to stop payments on your Disability Insurance , not your Health Insurance .


Input: Is Critical Illness Insurance Life Insurance?

Output: Critical illness insurance is a morbidity product that pays the medical bills incurred by a prolonged sickness according to the benefit purchased . Life insurance is a mortality product that pays the beneficiaries of the policy upon the death of the policy insured .


Input: Is Critical Illness Insurance Life Insurance?

Output: No , life insurance covers you and pays your beneficiary when you die . Critical illness insurance pays you while you are still living to help offset the additional costs that may not be covered by your health insurance such as lost wages , alternative health treatments , deductibles and copay 's and other expenses . Some life insurance policies contain a critical illness rider that allows a portion of the death benefit to be paid when you are diagnosed whith a critical illness .


Input: Is Military Retirement A Qualified Retirement Plan?

Output: No , the Military 's retirement plan is not a qualified plan ; it is a public sector retirement plan that is not covered by ERISA . Military retirement does not offer a vesting schedule and does not require membership in the Pension Benefit Guaranty Corp , which provides security for failed pension plans .


Input: Is A Higher Deductible Better For Auto Insurance?

Output: A higher deductible will decrease the premium you will pay for the auto insurance , but that does n't necessarily mean it is better . A higher deductible also means you will pay more out of pocket if you are involved in an accident . The decision of higher deductible vs. higher premium is one that should be based on what you can pay in case of an accident , and not necessarily what the monthly payment will be , but that is a discussion you should certainly have to determine which option is better for you .


Input: Can Domestic Partners Get Health Insurance?

Output: While this answer can vary depending on where you live , insurance law in most states does not require health insurance companies to allow someone to join an insurance policy just because you are domestic partners . However , your partner can purchase a policy on his or her own , and you could help pay the premiums if you would like . Ultimately , in the vast majority of cases , the cost of her coverage would the same whether she was added to your policy or if you purchased the exact same plan for her individually . In that regard , there really would not be any advantage at all to adding yourpartnerto your current policy .


Input: Is An Auto Insurance Settlement Taxable?

Output: Yes and no . Settlement amounts which are to cover vehicle repairs or even replacementand amounts to cover medical expenses resulting from the accident should not be taxable . Ifyou are compensated beyound medical expenses and vehicle repairs or replacement , such as lost wages , etc. . These amounts may be taxable . Tax laws change from year to year . Consult your local tax advisor to know what would be taxable under your set of circumstances .


Input: Is An Auto Insurance Settlement Taxable?

Output: An auto insurance settlement , in my opinion , would be taxable or partially-taxable . It would be based on liability from injuries sustained and pain/suffering and perhaps other items . Because it is a tax question , consulting a CPA or accountant would be the best idea . You 'll likely receive an accurate answer instead of an educated guess .


Input: Is An Auto Insurance Settlement Taxable?

Output: This is a question best asked of your professional tax adviser , but in general , if the check is to cover repair of the damage done to your car , less your deductible , then the settlement amount is not taxable . Likewise , if it is to cover medical bills for injuries you have sustained , then it probably is not taxable . However , if there is a punitive amount included in your settlement , this amount may be taxable . However , as I said earlier , this is a question that is properly asked of a tax professional .


Input: Does Renters Insurance Cover Electronics?

Output: If your personal property is damaged or destroyed due to a covered loss , you will be covered up to the limits of the policy less any deductible and pending any exclusions or item specific limits within the policy . Please read your policy completely to know what coverage you have and what exclusions there may be or contact your local agent to have them go over the policy with you .


Input: Why Get Medigap?

Output: Medigap is a Medicare supplement that can help pay some of the health care costs that original Medicare does n't cover , like copayments , coinsurance , and deductibles . It also covers medical care for some travel outside the US . If you have an Medicare Advantage Plan , you would not want to get Medigap .


Input: Can I Be On My Boyfriends Health Insurance?

Output: No . A boyfriend or girlfriend does not meet the legal criteria for being considered an eligible dependent -LRB- you can imagine how complicated that could getin some people 's lives -RRB- . Legally married spouses are still generally considered eligible dependents though that coverage option is evolving rapidly due to a quirk in the health care reform law that does not define spouses as dependents . Natural born and step-children and individuals for which a person has a court order appointing them as legal guardian also qualify as dependents . I 'm afraid you 'll have to get married if you want to get covered under your boyfriend 's health insurance .


Input: How Can We Improve Medicare?

Output: There are many ways to improve Medicare but it all depends on your perspective . The folks in DC want to improve it by shifting the cost of the program away from the federal government an on to the backs of the beneficiaries -LRB- higher premiums , deductibles , coinsurance -RRB- and the medical providers -LRB- lower reimbursement -RRB- .


Input: How Do I Know What My Health Insurance Covers?

Output: There are many ways . First I would suggest reading your policy completely this will specify the coverages and exlusions that there are . You could also contact your local insurance agent and have them explain the coverages and exclusions contained in your policy . Contacting customer service within the company that issues your policy is another avenue for retreiving the information that you are looking for .


Input: Can I Switch My Home Insurance?

Output: Homeowners , auto , and renters insurance are coverages that you carry at will . This means that you can change carrier 's that provide you coverage at any point that you wish to . If you choose to cancel your coverage with your current carrier they will refund you the amount of the unused portion of your policy term . Your local agent can assists you with this process if you feel uncomfortable handling it your self .


Input: Will Medicare Remain My Primary Insurance After I Get Married?

Output: Typically , when you 're on original Medicare -LRB- Parts A & B -RRB- and you have a Medicare supplement -LRB- Medigap -RRB- plan , you will not need to have an additional health plan . Original Medicare -LRB- parts A & B -RRB- cover approximately 80 % of your healthcare expenses - Medigap plans will pay all or a portion of the other 20 % . If you have group coverage as well , you would be spending extra money on those premiums unnecessarily . You can not be forced to go on her group health insurance if the two of you got married - it 's only an available option for you . If you have a Medicare supplement plan other than a plan F or plan G , I would recommend switching to one of those two plans before adding yourself to your fiance 's group coverage - it would save you countless dollars by comparison . Plan F provides full coverage - every other plan provides good coverage , but you will share some of the expenses . I would recommend consulting with an experienced independent Medigap broker who can review your specific situation and help you determine the best course of action . I would also suggest reviewing the Medigap plan you currently have to see if there are better rates available -LRB- the plans are standardized meaning you regardless of which carrier it 's through , the benefits are exactly the same - plan F from company A is the same as plan F from company B -RRB- . Changing a Medigap plan can be completed at anytime during the year - you do not have to wait for the annual enrollment period like you would with prescription drug plans or Medicare advantage plans . I hope the information is helpful - please feel free to contact me for assistance with your coverage -LRB- my background is in senior insurance -RRB- and if you have any further questions . Thanks very much .


Input: How To Borrow Against Life Insurance Policy?

Output: If your life insurance policy has a cash value it is as simple as contacting the company and instructing them that you would like a loan . In Canada a the amount you can borrow can vary depending on policy type it can be up to 90 % of the cash value , Since there may be tax consequences depending on how much you borrow and if the policy is in a gain position , be sure to ask about it . If you are taxes when you pay it back you receive an adjustment . An alternative would be to use the policy as collateral at a bank . Check to be sure you understand the options and are making an informed decision . 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: Is Health Insurance Mandatory?

Output: Not yet , but most individuals will be required to show proof of insurance beginning in 2014 or pay a penalty . Some groups of individuals are excluded from the mandate . This would include Native Americans and those who are excluded by virtue of a religious affiliation . If you are required to have coverage it must meet the minimum standards .


Input: What Are The Best Health Insurance Plans In Washington?

Output: What are the best health insurance plans in Washington ? Well the ones I offer of course ! ;-RRB- Washington state has a pretty limited selection of health insurance providers because of how our insurance laws have been set up . A lot of the things coming to the rest of the country with Obamacare , residents of Washington have had since around 2000 . The changes coming with the new healthcare laws will not have as dramatic effect here than elsewhere . The cost of health insurance in Washington is high , because the requirements to market it are very tight and you have to be in compliance to sell your product for any state you do business in . That said , health insurance is very safe in Washington , the risk of failure is very low because the standards are very high .


Input: Does Renters Insurance Go Up After A Claim?

Output: Because most renters policies do not have a claim , the occurrence of a claim means that the risk isnt ordinary . Depending upon the damage and the cause , the policy could be surcharged . The surcharge is not designed to recover the amount the company paid but is designed to evaluate the apparently greater risk your property presents from a normal risk .


Input: Does Health Insurance Make People Healthier?

Output: Does health insurance make you healthier ? You could support the idea that it does . Most plans now have provisions that check ups and shots are covered at 100 % or with a nominal copay . Some employers have plans that offer health club memberships , discounts on bicycle helmets and other activity oriented things . Others offer cash incentives for improved health through the health plan . So through coverage and incentives health insurance can make you healthier .


Input: Does Health Insurance Make People Healthier?

Output: Actually , having health insurance does make you healthier . Here ` show : The vast majority of individual and family policies cover preventive services at 100 % . No waiting period , deductible , coinsurance or copay . Routine annualphysicals , OBGYN exams , baby well visits are all included . Since there is no out of pocket cost to you , more than likely , you will take advantage of these free features on your private health insurance plan . And yes ... that will make you healthier . Now excuse me , I have a physical scheduled and better leave . Yes , experienced brokers like myself utilize these benefits . Now if I could just retain that quickness I had on the tennis court 30 years ago ... That would also help !


Input: Is Life Insurance Considered An Investment?

Output: Life Insurance comes in many forms and is constantly evolving , but the bottom line is that Life Insurance should not be considered an investment product . There are types of contracts that build inside cash through variable interest rates or dividend structures or separate accounts , but these are side benefits to the most important reason to have life insurance . Life insurance provides some measure of financial security to your loved ones should you die too soon . That is it 's most important job . Keep in mind as well that Life Insurance proceeds pass directly to your beneficiary . They can not be attached by creditors nor are the direct proceeds taxable .


Input: Is Life Insurance Considered An Investment?

Output: The history of life insurance has always been an indemnification product to protect beneficiaries from the demise of the domestic bread winner , business partner and charitable donor . Only in the last 40 years has cash value life insurance taken the additional role of supplemental income . Permanent cash value life insurance as par whole life , current assumption and indexed universal are classified as saving products . Whereas variable universal life , a security , with separate sub accounts offering equity and bond instruments is an investment .


Input: Who Offers Long Term Disability Insurance?

Output: There are few long term care insurance companies on the market , so its fairly easy to review the half dozen companies that occupy the long term care market . Here are some of the more recognized names in long term care insurance : Transamerica , Genworth , Mutual of Omaha , Med-America and John Hancock to name a few .