Input: Does My Medicare Cover My Wife?

Output: Your wife must be qualified for Medicare to receive benefits . If you are over 65 and on Medicare she can qualify based on your work history . If your wife is not yet 65 or Social Security Disability then she will have to pick up a private insurance plan until she is eligible for Medicare . She can not be covered by your benefits .


Input: How To Bill Medicare For Zoster Vaccine?

Output: Medicare does not cover the zoster vaccine . Zostavax -LRB- the common name for the vaccine -RRB- is for the shingles vaccine shot . Vaccine shots are covered under Part D prescription drug plans . You can use the plan finder tool on the Medicare.gov website to see what plans in your area will cover the vaccine shot .


Input: Why Should I Purchase Long Term Care Insurance?

Output: You should purchase long term care insurance if you have a substantial amount of money saved up or invested that you do not want to go to pay for long term care costs , if such care is needed . When people become unable to care for themselves due to illness or age , and if it becomes necessary to hire in home care or move to where extended care is provided , the cost for that type of care is steep . It can deplete savings quickly , and in order for Medicaid to help , the law dictates that the person receiving the care must first deplete investments and assets down to a set amount . Having long term care insurance pays the bills for in home care , nursing home care , or other types of care that are needed , thus protecting assets and investments . Having this source of funding also allows you to make more choices in your care rather than having to rely on what Medicaid will allow .


Input: We are now in our elder years and are having financial difficulties, would it be wise to surrender my husbands life insurance policy for its cash value. It is a whole life paid up policy.

Output: I am sorry to hear about your financial difficulties . Before surrendering your Whole Life Policy please consider that you will no longer have coverage and if you were to apply in the future the cost will be more than what you are locked into now . That said , you may have some options available to you . First , have you considered just withdrawing or taking a loan from the cash value ? This way the policy will still be in force . Be sure to understand what the surrender value is as well on the policy . It may mean you will get less out of the policy than what you were thinking . Please consider what will happen if death was to occur in the next 5 years , 10 years , etc. and what financial situation this may put you in . I would recommend contacting your Broker/agent to discuss your options . If you do not have one , I would be more than happy to look over what you have and make any recommendations based on what your needs are and what is available from the policy . This is a free service . Feel free to contact me at : mattb@denverwestip.info or call me at -LRB-720-RRB-708-5498 .


Input: Will Medicare Pay For An Ultrasound?

Output: Yes . If conducted during a hospital visit , it would be covered by Part A. For most instances , it 's part of an outpatient item at a general doctor 's office and be covered under Part B. Medicare Part B covers a wide range of diagnostic tests . Your doctor must determined if the test is medically necessary to help diagnose a medical problem . Part B will pay for 80 % of the expenses - you 're responsible for paying the other 20 % . A Medicare supplement plan would cover that 20 % of expenses . If you have any other questions about Medicare supplement plans or would like help with securing one , please send me a message by clicking on the `` contact me '' button or visit my profile page for my direct contact information .


Input: How To Set Up A Trust For Life Insurance?

Output: To set up an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- , it is best to use an attorney who is an expert at tax laws to set up the trust . Then use a respected life insurance agent to help you obtain a policy , or transfer existing life insurance , into the trust . You will need to choose a trustee to administer the trust -LRB- this could be the lawyer -RRB- . Working together , you will get a trust that works for your lifetime .


Input: Who Provides Renters Insurance?

Output: Almost all of your major insurance carriers handle renters insurance if they handle homeowners insurance . If you already have an auto insurance policy with a local agent give them a call as they will more than likely be able to place your renter insurance and auto insurance with the same carrier and save you money on your premiums .


Input: Is My Bike Covered By Renters Insurance?

Output: Great question ! Was your bike listed among your belongings when you took out the policy ? You can check on your policy to see for certain if it is covered , or call your agent . If your bike was stolen from inside of your apartment , or was securely fastened on the complex , in most cases , it should be . If there is anything I can do to help , please feel free to contact me . Thanks for asking !


Input: Is My Bike Covered By Renters Insurance?

Output: Your bicycle is normally classified as personal property and covered under your renters policy . This would be particularly true if it is stolen from inside your residence . However , 10 % of the limit of your policy extends to your personal property when it is not in your residence , for example in a bike rack in front of Starbucks . The settlement for such a loss is , however , subject to a deductible . If your bicycle is very expensive this could be a valuable coverage , if it is like mine , you might not recover very much .


Input: What Happened To Aig Annuities?

Output: Nothing in particular . Unless the owner surrendered the annuity , all annuities that have been issued by companies owned by American International Group are still in force and doing exactly what they promised to do . No changes have been made to those annuities because they were issued by companies that are owned by AIG


Input: What Does It Mean If A Life Insurance Policy Is A Participating Policy?

Output: A Participating Policy generally refers to whole life insurance policies that distribute dividends at the approval of the board of directors . Dividends are a return of unused premium . And just to cover the new use of the word with participating indexed insurance policiestranslation , i.e. participating policy loans .


Input: What Does It Mean If A Life Insurance Policy Is A Participating Policy?

Output: A life insurance policy is `` participating '' if it pays dividends , which can be considered a return of premium -LRB- or profit , depending on semantics -RRB- . Typically , dividends are not guaranteed and are payable yearly . They can purchase more insurance or accumulate at interest on whole life plans . They can also be paid in cash and must be approved . Many older policies have large amounts of accumulated dividends .


Input: Does Car Insurance Expire At Midnight?

Output: Auto insurance will always expire at 12:01 am . This is very important to note . For example you will see on your deceleration 's page or ID card an expiration date of 04/15/2014 . This means the policy expired at 12:01 am on 04/15/2014 . Most people will assume they are still insured on that day or the last day showing when in reality you are not .


Input: Does A Spouse Have To Sign A Life Insurance Policy?

Output: Where a spousal signature is required in California is when the insured decides to change the beneficiary or surrender the policy . It is assumed that the policy was purchased using community property funds in California so the spouse that never signed the application still has rights and these are recognized when the owner tries to surrender the policy or change the beneficiary .


Input: Does A Spouse Have To Sign A Life Insurance Policy?

Output: The Insured person and policy Owner are required to sign the life insurance application , so if one spouse is taking out a policy on the other , both need to sign . If a married person takes out a policy for which he/she is both Owner and Insured , the spouse does not have to sign the application . If the spouse is POA , Guardian , or other legal representative for the Insured person , the spouse may need to sign for the Insured . Another situation in which a spouse might need to sign is if the Owner or Beneficiary of the policy is a trust for which the spouse is a Trustee .


Input: How Much Is Whole Life Insurance For Children?

Output: In addition to buying a separate plan of insurance for a child you have the ability to add children as a rider to your own life insurance plan -LRB- $ 1,000 to $ 99,000 per child are Standard options -RRB- at a flat rate of about $ 5/year for every $ 1,000 of coverage . Whether you have 1 , 3 , or 10 children , you only pay one premium . This type of rider lasts until your children reach the age of 18 , at which time they can convert it to a Whole Life plan with an option to purchase additional amounts -LRB- some companies allow up to 5 times the coverage -RRB- without providing any Health Qualification . A nice feature if your child can not get Life insurance due to Health or is a higher risk .


Input: How Much Is Whole Life Insurance For Children?

Output: The price for Whole Life insurance for children varies according to the face amount of the policy -LRB- most people buy small policies in face amounts of $ 5,000 to $ 50,000 -RRB- . It also depends on the age and sex of the child and which company you use to purchase the life insurance policy . Given all these variables , it is impossible to answer this question with one price , but most policies cost under $ 25/mo .


Input: How Much Is Whole Life Insurance For Children?

Output: It is fairly inexpensive coverage . You may want to consider universal life or a child rider if the amount of death benefit is small . The market for child life insurance is sometimes driven by grandparents more than parents . Each life insurance company views child life insurance differently , so it pays to shop around . Keep in mind that life insurance companies take a dim view of parents who place life insurance on their children without having life insurance on themselves .


Input: How To Shop For Health Insurance Online?

Output: There are many sites where you can get instant health insurance quotes online . When you visit a page that provides online quotes , you follow the prompts on the screen . However , when it comes to health insurance , I always recommend consulting with an experienced broker because of all of the moving parts involved and it can be difficult for some to compare plans.You can run instant health quotes on my website if you 'd like -LRB- link available on my profile page -RRB- as well as other types including life , disability , senior insurance , etc.Please feel free to contact me for further assistance . Thanks very much .


Input: How To Shop For Health Insurance Online?

Output: You can easily shop for health insurance online . The key to getting the best rates , the most accurate information , and the best advice , is to utilize a top-rated and respected website owned and run by an experienced broker . With more than 33 years in the business , brokers like myself help customers find the best available options , receive a federal subsidy -LRB- if available -RRB- , and provide free lifetime support . Of course , there are many reputable websites and resources . However , if you find a broker with at least 25 years of experience helping clients , that 's a step in the right direction !


Input: Does Life Insurance Test For Xanax?

Output: Life insurance may test forbenzodiazepines , by which the presence of Xanax would be detected . However , if you have a prescription for Xanax and do not take it more than ordered by your doctor , you should not have trouble getting life insurance simply based on the use of Xanax . If you are disabled due to anxiety , that could make it more difficult for you , but the presence of Xanax in your system would not be the cause for decline or higher rates . Contact a good impaired risk life insurance agent to find a company that will give you fair rates with use of Xanax .


Input: Does Life Insurance Test For Xanax?

Output: Life insurance does n't necessarily test urine for Xanax or other anxiety or depression drugs per say . However , life insurance requires the full disclosure of all prescriptions . If anxiety or depression was caused by life events -LRB- like divorce or a death -RRB- , i.e. a major life set back thats one thing , even a managed mild case of depressionshould n'tbe an obstacle to securing life insurance . Companies are looking for established long term use of psyche drugs and manic episodes for a declination .


Input: Does Life Insurance Test For Xanax?

Output: It depends on the company and type of medication . Some do n't test for anything and go entirely by your answers to the health questions and your medical records . Others will give you a full physical and test for everything . But the only reason to buy the insurance is so they will pay the death claim to your beneficiary . If you omit things on your application you have committed insurance fraud . And you have put the policy at risk of not paying the claim at all .


Input: Does My Medicare Cover My Spouse?

Output: If your spouse meets Medicare eligibility requirement for earned wages in the Social Security system they will qualify on their own merit . If they have been married to you for at least one year and you are 65 or older and qualify for Medicare so will your spouse if they are a citizen or legal resident .


Input: What Is A Good Price For Term Life Insurance?

Output: It depends on how good your health history and current medical condition is as well as your gender , age and smoking status . Most term life insurance is offered in increments of 5 , 10 , 15 , 20 and 30 years with a guaranteed level premium . Other considerations are motor vehicle violations , hazardous job or recreation . All these items can contribute to the premium . There is no one term life insurance company that dominates the term market , even in the select categories like : nonsmoking standard or better , nonsmoking substandard or worse and smoking . You need to secure an independent agent who has access to the broad brokerage market place to bid out your term life insurance quote . We can help with that .


Input: How Long Does A DUI Affect Auto Insurance?

Output: Great Question and I hope you do not have to many DUI 's . It all depends on your insruance compay . Some companies charge you for it 5 years some 7 years . So you can check with your current company for that paticular time . Some companies charge you less for the first DUI but the second one in 3 years will cost you a lot on your insurance premium .


Input: How Long Does A DUI Affect Auto Insurance?

Output: Many non-standard auto insurance companies who specialize in high risk auto insurance will only go back 3 years for a DUI . So if you 're still being dinged after 3 years , you might be much better off shopping around with high risk auto insurance companies . Not only do they only go back 3 years , but they also tend to go a little softer on DUI 's than preferred/standard carriers .


Input: How Long Does A DUI Affect Auto Insurance?

Output: A DUI is considered a major violation . It depends on the insurance company but most companies will factor in major violations for 5 years . Some companies have tiered rating so the violation will effect your rate less and less each renewal . If the DUI is the only incident on your record some companies offer very favorable rates so make sure you check around before selecting a company .


Input: Who Should Get Critical Illness Insurance?

Output: Critical Illness Insurance is generally a secondary indemnification policy to disability and medical insurance . A key reason for you to consider critical illness insurance is family history . If your family has a historical disposition to health issues , especially as they became older , you should consider it . Sometimes people with chronic conditions like allergies develop major repository illnesses . That could be an additional reason to consider critical illness . You may be able to purchase it as a rider on some life insurance policies as well as a stand alone policy .


Input: Who Should Get Critical Illness Insurance?

Output: If you have a family history of any of the illnesses covered by Critical Illness Insurance , and if paying the premium for the policy is not a problem for you , getting Critical Illness Insurance could be a good move . We all know people who have developed cancer , stroke , etc and their Critical Illness policy has pulled through for them with extra cash at a very traumatic time . When those diseases run in the family , having this coverage can also supply peace of mind .


Input: How Much Will My Health Insurance Cost Under Obamacare?

Output: The short answer is , a lot . Individual plans in most states will increase more dramatically than group health insurance plans . In some situations , premiums for plans that meet Obamacare requirements will increase by 200 % or more . Many factors come in to play , including your age and tobacco usage , but the guaranteed issue provision is major


Input: What Can I Do When Homeowners Insurance Denies My Claim?

Output: Talk to your local agent first , explain to them why you think you have a valid claim . The local agent is there to help when you feel that things are not going the way that they should . In many cases the agent can go to bat for you with the claims adjuster and in some cases have the claim re-opened .


Input: What Is The Age Limit For Health Insurance?

Output: The age to remember with health insurance is 26 . Under the Affordable Care Act , children can stay on their parent/guardians health insurance until the age of 26 regardless of marriage status or enrollment in school . After the age of 26 , the person must obtain their own insurance . Those under age 30 can obtain catastrophic insurance coverage for lower premiums than other ACA-compliant policies . With a catastrophic plan , preventive care is covered , but the individual is responsible for 100 % of the cost up to the out-of-pocket maximum , which is $ 6,350 for individuals .


Input: What Is The Age Limit For Health Insurance?

Output: There are two `` age limits '' restrictions for health insurance . The first is an individual has to be of legal age to contract . That age is 18 . The second age limit is that when you turn 65 the insurance companies will require that you obtain Medicare . The only exception to that is if you are still working and the group plan allows an individual to remain insured past 65


Input: Will Health Insurance Pay For Root Canal?

Output: No , root canals are covered under Dental Insurance Policies , and usually as a basic service . You would need to purchase a dental plan to cover that procedure . Most traditional dental plans cover it as a basic service , with an 80/20 coinsurance after the deductible . That 's where you pay the deductible first , then the plan pays 80 % of the bill , and you pay 20 % . But , before you just buy a dental plan , and go get the procedure , check to make sure what the waiting period for basic services is ... Many dental plans have a 6-12 month waiting period for those types of procedures .


Input: Can I file a claim for water damages for items that were in storage from a claim that has been settled before?

Output: If I am reading your post correctly you had a water loss that damaged some of your items . The ones that were not destroyed were also not repaired and just restored in another unit . If this is the case the potential damage in question is from the first claim and not the second and I would suspect that your claim would be denied.If you can show youritems were fully repaired then the second loss is a second event and they may be coverage ifyour policy provides . Water damage from forced wind and storm is a covered peril unless excluded in your area but mold , if covered will have a specific sub limit . I would recommend you find a better storage facility that does not leak .


Input: Where Can I Get The Cheapest Renters Insurance?

Output: You can get the cheapest health insurance from an experienced broker or a reputable website that sells auto and home -LRB- renter 's -RRB- insurance . The key to finding the lowest rate is to shop the correct way , and find the discounts that you can use to your advantage . A broker is your best option to accomplish this .


Input: What's Annuity Income?

Output: Annuity income from an immediate or payout annuity is a blend of interest and return of principal . You can think of it as a mortgage in reverse . In Canada , if the annuity income is from a registered plan then it is fully taxable . Non registered income from an annuity can be taxed -LRB- the interest portion -RRB- either as earned or on a prescribed basis . If the annuity can qualify as a prescribed annuity the `` interest '' or the non return of capital portion is averaged over the expected duration of the contract . This often results in a much higher initial after tax income . Additional information on annuities and retirement plans can be found at www.protectandgrow.ca . If you have additional questions or feel that I could be of assistance , please do not hesitate to contact me .


Input: Can Life Insurance Get Medical Records?

Output: Yes , a life insurance company can get medical records if the underwriter feels it is necessary to review your records in order to determine whether you can be approved for coverage . Even some No Exam companies will order medical records . You give consent to this by signing the HIPAA form in your life insurance application , and these records can not be reviewed by anyone else .


Input: Can Life Insurance Get Medical Records?

Output: Yes , life insurance companies can order medical records in order to ascertain how to rate some applicants . You are provided a HIPAA form in the life insurance application which you must sign in order to give them permission to access your records . Some No Exam policies never request medical records . And many medically underwritten policies do not request medical records for specific people they are middle age or younger , and appear to be in good health .


Input: Can Life Insurance Get Medical Records?

Output: That is a great question ! Not only can they , but they absolutely will . There are a couple of reasons why . The first is that people often forget exactly what the doctors have told them , or sometimes that there even was an issue . Some people will pretend that issues never happened when filling out the application , in hopes that it will be cheaper . The company protects itself by looking at those records , and your prescription history.If they are concerned with your reliability , they may also look at your credit history . I hope that helps , thanks for asking !


Input: Can Life Insurance Get Medical Records?

Output: When you apply for life insurance you sign a consent form for the company to check your Medical History . Usually they will only check with the Medical Information Bureau , which is a health database similar to a credit agency but health related . As long as the information on the application coincides with the information in the MIB report , many companies will go no further , however should they feel it necessary they can check with your doctor and obtain medical records .


Input: Will My Homeowners Insurance Cover Mold?

Output: Your homeowners insurance may cover the removal of mold . It depends why there is mold in the first place as to whether they 'll cover it . If they do cover the removal of the mold , they will , most likely , have a limit on the damage . For coverage to be triggered for almost anything there must be a sudden and accidental occurrence that can be pinpointed : Roof damage from wind that let water into the house a burst water pipe or broken water heater There must be a covered cause for why the water entered the home . Only then will your company cover any resulting mold damage . Notice that I said `` resulting '' . Mold damage that appears because of seepage or some other maintenance issue will not be covered . Most companies now limit the amount of money they will spend to clean up mold damage . This will be explicitly stated in your policy and you should be aware of what that limit is . So , once again , there must be a covered cause for the resulting mold damage and there will usually be a limit for how much damage they 'll cover . be smart , read your policy and , above all , find an agent you can trust .


Input: How Much Is Car Insurance For Progressive?

Output: Progressive car insurance rates vary , depending upon where you live , the type of car you driver , other drivers in the household , your MVR etc. . . Typically , Progressive 's rates are very competitive compared to other companies . In specific states , their prices will be much lower . An experienced broker can quote Progressive rates along with many other companies .


Input: Will Renters Insurance Cover Mold?

Output: Mold and fungus coverage may be covered under your renters insurance . But the coverage most likely will be limited to a certain number , like $ 5K or $ 25K and deductible will apply . To better answer this question , check your insurance policy . If you can electronically search for the word `` mold '' do that . For example , The Hartford Insurance Company generally will pay out for mold damage that 's a direct result of a peril that 's covered by your policy . Let 's say mold , which needs moisture to thrive , is caused by water from a failed pipe , a covered peril . In that case , any resulting mold damage should be covered because the source of the water is covered by your policy . However , if mold is due to long-term neglect or overdue maintenance , then homeowners insurance is unlikely to cover the damage . Visit our website and instantly compare 3 HO proposals from Hartford , Travelers , Safeco on WEBSITELINK


Input: Will Renters Insurance Cover Mold?

Output: It is unlikely though that your renters policy will provide coverage for mold . Your renters insurance may possibly provide some limited coverage for mold less your policy deductible . Please remember every policy is different . Read your policy completely to understand the coverage provided and any exclusions that may be contained within .


Input: How To Determine Cash Value Of Life Insurance?

Output: Some permanent life insurance policies have a statement sent to the owner of the policy each year that shows the cash value of the life insurance policy . If you want to know what the cash value is at any point in time , you can contact your agent or the life insurance company to run a current illustration for you . That illustration will have a column showing your cash value .


Input: Does Allstate Do Life Insurance?

Output: Allstate does offer life insurance through their subsidiaries : Allstate Life Insurance Company , Lincoln Benefit Life Insurance Company and American Heritage Life Insurance Company . To compare quotes from Life Insurance offered by Allstate with other life insurance quotes , you can visit a website with a quote engine that includes Lincoln Benefit Life .


Input: Does Allstate Do Life Insurance?

Output: Yes , it does . Check out Peggys reply to identify the subsidiaries through which it markets the product . I have found that with regards to life insurance , this carrier has its strong points and its weak points in underwriting . Every carrier does . This is because each carrier develops a certain amount of sophistication and expertise with certain types of mortality risks . When you think about it , there are dozens of risk factors that are considered in life insurance underwriting . Every carrier can not achieve an advanced level of understanding and comfort with everyone of them . So they tend to specialize . Lets suppose a carrier has a cardiologist as a chief of underwriting . You can bet that they will be very competitive and heart-related cases . Perhaps one of the executives of the company has a private pilot license . You know they will be very confident underwriting people who also fly . This is how the business works . Its really a question of which carrier would be most aggressive in applying underwriting standards to your particular risk . Once that carrier is selected , then it is the brokers job to advocate on your behalf . Every potential available credit should be identified . The more credits you get for both medical and lifestyle factors , the lower your price will be .


Input: Can I Get Car Insurance For My Kids?

Output: In California the auto policy is issued to a family . If they reside at the same address and are in fact members of your household they can purchase insurance on their car , especially if you appear on the title of the car . However , their problem will become your problem in most cases


Input: When Does Medicare Become Primary?

Output: Medicare is almost always the primary insurance . Where there is often confusion on this subject is when a person remains working beyond the age of 65 . If a person continues working beyond age 65 and remains covered under an employer health insurance policy , the individual does not have to sign up for Medicare . It is critical to contact your employer 's Human Resource department or your local Social Security office to find out the details . In most cases , the company will write a letter to the Social Security Administration that states the person had company coverage until a certain date . Once the person retires , leaves the company , or no longer has employer coverage , they can then sign up for Medicare at that time without having to worry about the penalties .


Input: How Can I Compare Life Insurance Quotes In Kansas?

Output: To compare life insurance quotes in Kansas , you can go to a website that offers products from multiple life insurance companies in Kansas . It the website gives an instant quote , it will be easy to see if quotes come up for Kansas . Once your quotes come up , it is important to call or email the agency to run over the health questions to make sure you qualify for that product . Sometimes you can even find a lower price after talking to someone .


Input: What Is The Cheapest Car To Insure For Young Drivers?

Output: The cheapest car insurance for young will depend on your state and zip code . If you are a Maryland resident and you are between the agesof 16 and 20 , it will be very difficult not impossible to find insurance in the standard market . Some exceptions to this is when the Child goes on Parents Insurance policy . In Maryland , MAIF or the Maryland Automobile Insurance Fund insures most young and inexperience drivers or experience driver with accidents and tickets . They must have been declined coverage by at least two standard insurance companies or none renewed by one to qualify for coverage with MAIF . In some cases Progressive may also be good with young drivers but their rates are better if the driver is at least 21 and have good credit score Hope this helps .


Input: What Is The Cheapest Car To Insure For Young Drivers?

Output: This is going to vary from area to area and carrier to carrier . If you feel that the rates at your current carrier are too high , call local agents within your area to have them quote your business . If your current agent is an independent broker they should be able to shop your coverage for you to try to get you a better rate .


Input: Can I Get Car Insurance With An Open Claim?

Output: Yes , this happens all the time as insured customers find the claim settlement process of a carrier as adequate , they look purchase a policy form a different insurer . Be up front with your agent . Tell him/her why you want a new policy and if claim settlement has or is expected to be an issue . An independent agent can typically 4 or 5 other choices and eliminate your current carrier form the selection process .


Input: Does Credit Affect Health Insurance?

Output: Your credit rating does not effect your health insurance . As long as you qualify for a plan and can pay your premiums your coverage will protect you . I have seen applications in the past that say the carrier has the right to pull your bureau , however I have never heard of an instance where this actually happened .


Input: Is Medicare Likely To Go Broke?

Output: You are asking the most troubling question as a result of the ACA confusion . Why would a politician pass a `` entitlement program '' and require contributions to the plan and then assume some right to invade the trust fund to pay for thier current `` I need to buy your vote campaign '' ? It should be illegal and the citizens should not tolerate any politician-balck , white , red or orange that would violate the trust of the citizens that has been required to contribute . The ACA was designed with plans to steal $ 700 billion from Medicare . I now hear talk that as the doctors are eliminated and the hospitals are removed from the approved treatment centers a medicare patient will find it very difficult to find medical services .


Input: Can You Have Life Insurance While On SSI?

Output: Yes , you can have life insurance while on SSI . If it has no cash surrender value , there is no limit on how much life insurance you can have . Term insurance falls in that category , as well as some permanent policies . If you own a policy that does have cash surrender value , the total face amount of the policies owned by you or your spouse , on one person , can not exceed $ 1,500 . The exception is burial funds : a policy designated to cover your final expense needs is not counted as a resource .


Input: Can You Get Health Insurance If You Smoke?

Output: Yes . Being a tobacco user is about the only thing it is legal to discriminate against though under the Affordable Care Act so you may be assessed a tobacco use penalty , especially in the individual health insurance market but such penalties are becoming more common in the group market as well . The law allows up to a 50 % surcharge to be applied to your premiums though some states have set the surcharge at a lower level and not all carriers have opted to apply the tobacco penalty on their products .


Input: Can You Get Health Insurance If You Smoke?

Output: Under the Afforable Care Act , you can not be declined for health insurance due to a pre-existing condition or other health-related issue . If you use tobacco products , you can still be charged a higher premium -LRB- up to 50 % more -RRB- , but you can not be declined for coverage because you smoke . You have the option to secure a bronze , silver , gold , or platinum level plan - please note , not every carrier offers a plan under each level -LRB- e.g. company XYZ may only offer bronze , silver , and gold plans , but not platinum plans -RRB- . Individuals under age 30 also have the option of securing a catastrophic plan . If you qualify for a subsidy , you would want to look into plans ON the health insurance exchanges . If you do n't qualify for one , you may want to look into plans OFF the exchanges as you will generally have more options available to you . I always recommend consulting with an experienced broker if you 're looking for coverage or want to review your existing insurance to see if a better option is available . Insurance brokers have an in-depth knowledge of products from many different carriers and can help you determine the plan that 's going to best serve your needs and your budget . Please feel free to contact me for help . Thanks very much .


Input: How can I enroll in disability insurance in case of off job illness?

Output: You may have group disability insurance available to you through your employer , however , you will find generally find stronger coverage through an individual disability insurance plan . A disability is a sickness or injury which interferes in your ability to work and earn a living . In disability insurance , there 's 3 types of definitions that a policy can use - the definition of disability in the policy is the MOST IMPORTANT factor to look at in a policy . The 3 definitions of disability that a policy can use are true own occupation , modified own occupation , and gainful occupation . True own occupation is the best definition you can have . Gainful occupation is commonly seen in group policies and offers the least coverage . One of the drawbacks of group coverage is if your employment is terminated , you lose the coverage . An individual policy goes with you wherever you go and generally features stronger coverage and a better definition of disability -LRB- a true own occupation or modified own occupation definition -RRB- . You want to buy your disability insurance when you 're healthy - this type of coverage is much more in depth than life and health insurance . If you have a pre-existing condition , you may face an exclusion rider for the condition under a given policy or be postponed for the coverage until it 's resolved . Disability insurance is a very complex type of insurance that has moving parts to policies . If you 're looking to apply for coverage , you want to work with agents that have in-depth knowledge of products , how disability insurance works , and have experience with these programs to help you through the process from start to finish and make the process as seemless as possible . 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 can I enroll in disability insurance in case of off job illness?

Output: Enrolling in disability insurance in case of an off job illness can usually happen in two ways . First , I would look at your employer 's benefits . There may be an option for disability coverage which may include off the job . The other is to find a broker who can set you up in an individual disability policy which will follow you even if you leave your employment . If you have further questions or would like a quote , please contact me via phone or email . Thank you for your question .


Input: Which Doctors Take Medicare?

Output: It can be difficult to find out which doctors take Medicare . Therefore , Medicare has created a website where you can access a feature called `` Physician Compare '' . It will show you the names , addresses , phone numbers , specialties and genders of the physicians that are enrolled in Medicare in your area . Go to Medicare.gov to find this information .


Input: How Can Providers Verify Medicare Eligibility?

Output: They can contact Medicare if they wish but I doubt any ever do . If your Medicare number shows up as valid , and your ID matches the name on the Medicare card , there rarely is a problem . Most of the time a provider seeks to verify eligibility is when there is a procedure that may be denied


Input: Can I Change The Beneficiary Of My Life Insurance?

Output: The owner of the life insurance policy can change their beneficiary at any time . If you are not sure if you are the owner , you can call the life insurance company with your policy number or Social Security Number to ask them . It just takes a simple form to change the beneficiary , and it is important to keep your policy up to date by having the beneficiaries you desire .


Input: Can I Change The Beneficiary Of My Life Insurance?

Output: Sure , if you are the owner of the policy . Ownership of the Life Insurance contract is key to your ability to make sure that policy is up to date and continues to accomplish everything that it was originally designed to so . Unfortunately many times , as life circumstances change , these contracts might be forgotten . It is a good idea to talk to your insurance professional on a regular basis to make sure your coverage is current . An annual `` check up '' is as good for your financial health as a Doctor 's visit is to yours .


Input: What Is Covered By A Retirement Plan At Work?

Output: There are employer sponsored qualified plans that may be in place that cover , or more accurately , offer employee participation like a the popular defined contribution plan called a 401 -LRB- k -RRB- under The Employment Retirement Income Security act of 1974 or ERISA . Being covered under a 401 -LRB- k -RRB- may include a employer contribution match .


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

Output: The rule of thumb with auto insurance is , it follows the driver first and the vehicle second . If you are driving a vehicle that is not yours your auto insurance will typically provide coverage for the accident first and then if the claim exceeds your coverage a claim could also be charged against the vehicle owners auto insurance coverage .


Input: Does Blue Cross Blue Shield Have Life Insurance?

Output: Blue Cross / Blue Shield is the name of the network association for a number of health insurance companies -LRB- includes Anthem and CareFirst -RRB- . Many health insurance companies do also offer life insurance programs , however , it 's typically not the type of coverage they specialize in and the products may therefore not be as competitive as insurance companies who feature life insurance programs as the main type of insurance they offer . Insurance companies specializing in life insurance tend to have more aggressive underwriting and can offer lower rates because they want to secure that type of business more than others . Please let me know if I can be of further assistance . Thanks very much .


Input: Can You Get Life Insurance On Anyone?

Output: Typically to purchase life insurance on someone there must be an insurable interest . Insurable interest is the presence of some potential loss which the owner or beneficiary will suffer upon the insured 's death . Those who are connected by ties of blood or marriage are considered to have an insurable interest if the death of the insured would mean financial loss , either of income or because of estate settlement needs .


Input: What Is Covered By Allstate Renters Insurance?

Output: Great question . Allstate covers your apartment or house or condo if your rent it . Personal property is the main coverage like your cloth , TV , shoes , and other items you might have in your apartment or house . They will also add liability in case you get sued . There are other things to consider please check with your local agent for more detail .


Input: When Can I Get On Medicare?

Output: There are several ways an individual can enroll into Medicare . They are : 1 . turning age 65 and are eligible for social security retirement benefits . 2 . have been receiving social security disability benefits for 24 months regardless of age . 3 . renal failure/kidney failure needing kidney dialysis or are eligible or had received a kidney transplant regardless of age . . please contact me if you have further questions . pauljrosen@aol.com


Input: When Can I Get On Medicare?

Output: That is a great question ! The vast majority of people will enroll as they near their 65th birthday . That is when you become eligible , unless there are special circumstances . Kidney failure is one , and having it regardless of age can allow you to become eligible . Extended disability is another . Thanks for asking !


Input: When Can I Get On Medicare?

Output: Most people will enroll in Medicare when they turn 65 . Part A is premium-free for most individuals because you 've been paying FICA taxes during your working life -LRB- you need 40 quarters/10 years of working life to qualify for premium-free Part A -RRB- . Part B requires a monthly premium -LRB- $ 104.90 in 2014 - can be higher for individuals in higher income brackets - figure based on your modified adjusted gross income from your tax return from 2 years prior -RRB- . Some people may be on Medicare before age 65 -LRB- certain requirements must be met such as being on social security disability/have end-stage renal disease and have been receiving benefits for 24 continuous months -RRB- . If you 're still working and have group coverage , you can elect to postpone receiving Part B until you 're ready to come off the group plan . When you 're ready to come off the group coverage , you 'll have a special enrollment period to enroll in Part B . If you do n't do it in this window , you will have to wait until the annual general enrollment period -LRB- January 1-March 1 -RRB- - please note , if enrolling during your general enrollment period , you will have a July 1 effective date . When you first enroll in Part B , you will also trigger a six-month open enrollment period to buy a Medicare supplement plan with NO MEDICAL UNDERWRITING . This is THE BEST time to buy a supplement plan - plan F is the most comprehensive plan . Please feel free to contact me if I can be of further assistance . Thanks very much .


Input: What Is Renters Insurance Cover?

Output: Renter 's Insurance will cover your personal property for damage from insured perils . You can buy different policies , so it is important to understand what perils are covered by your particular policy , but most will cover fire , wind and theft . They also may cover damage to personal property from burst plumbing , vandalism , explosion . Another part of Renter 's Insurance -LRB- Liability -RRB- will protect you from lawsuits for a number of different things -LRB- injury to people on the premises , dog bite liability , certain types of accidental damage to the premises .


Input: Does Allstate Do Home Insurance?

Output: It depends on the State you live in . Allstate does offer homeowners insurance in most states . They have chosen not to offer homeowners in States where the losses have been too great to sustain . This is true with many companies . Allstate has Auto , Home , and Life insurance . While Allstate is a very good company , it always pays to shop around with your local independent agent before applying to make sure you are getting the best rate .


Input: Will Homeowners Insurance Cover A Broken Window?

Output: Yes , unless it is specifically excluded . What I mean by this is homeowners coverage applies to the house as a whole and will only indemnify you if a covered peril occurs . However , you really need to look at your deductible before you file a claim . If the cost of replacing the window is less than your deductible , then you should just pay for it out of pocket . In summary , start with the cost of your deductible versus the cost of replacing the window . If it is worth it to make a claim then make sure windows are not specifically excluded .


Input: Is Health Insurance Considered A Fringe Benefit?

Output: Health insurance can be considered a fringe benefit , depending upon your definition . Mostly , healthcare coverage is included in a employer 's package of benefits , along with life insurance , disability coverage and sometimes dental insurance . If the employer offers very few benefits , than health insurance could be considered as a fringe benefit . It 's simply a matter of semantics .


Input: What Is Commercial Renters Insurance?

Output: Commercial renters insurance as you call it is available for those businesses who lease the space in which they do business as opposed to own th e space or the building . It provides for coverage for business personal property , loss of business income , and can provide specific coverage if needed for both computer orother data electronichardware and software . It also provides General Liability coverage . Other coverage may be availlable and should be discussed with your insurance professional .


Input: Do I need renters insurance in an apartment?

Output: Having a renters policy is a requirement in many apartment complexes . The reason is simple . The landlords insurance does not cover the loss of your personal property in the event of a loss by a specified cause -LRB- fire , etc. -RRB- The landlords policy does not cover your liability in the event someone is injured on your rented premises .


Input: Do I need renters insurance in an apartment?

Output: When you rent an apartment , you have the option to buy renters insurance . These policies protect your belongings while you live in the rental property . It is up to your whether you want to buy one of these policies . This insurance isnt needed to rent an apartment . There is no government law that forces you to buy renters insurance before you can rent an apartment . Its not like driving a car , which requires car insurance . If you want to rent an apartment without insurance , you are free to do so . It also doesnt matter to your landlord whether or not you have renters insurance . A renters policy doesnt cover damage to your apartment building or to your landlords property . Your landlord will protect himself with his own insurance policy . Since you dont cover your landlord at all with renters insurance , he wont ask you to buy it before renting out the apartment . While renters insurance is not a requirement , it is often a good idea . If your apartment is robbed or destroyed in an accident , you will need to replace all your belongings on your own . In addition , if someone gets hurt in your home , you as the renter are liable . The injured person could sue you and force a costly settlement . Renters insurance covers you in both these costly situations . When you own one of these policies , you protect yourself from the financial risks of owning an apartment .


Input: Is Short Term Disability Insurance Taxable?

Output: Very generally speaking , if you pay for your disability insurance with your own , after-tax money , the benefits you receive from the policy are not taxable . If your employer paid the premium , or you paid for the disability insurance with income before taxes were taken out , you need to pay taxes on the benefit when used . There are many different scenarios to this question , so consult with your tax attorney for your particular situation .


Input: What Does Annuities Mean?

Output: Annuities are a method of receiving periodic payments over the course of years or for the rest of your life . You can put a lump sum into an annuity and get periodic payments right away -LRB- immediate annuity -RRB- or you can contribute to an annuity over a period of time and then collect the payments -LRB- deferred annuity -RRB- .


Input: Does Education Affect Auto Insurance?

Output: It might to some extent . For example many companies offer good student discount . But generally for a mature driver not in school education would not effect auto insurance rates . There may be some companies out there that take this in consideration but I do not know of many that do . Driving record , age and credit have more to do with auto rates than education .


Input: Who Bears All Of The Investment Risk In A Fixed Annuity?

Output: The investment risk in a fixed annuity is born by the issuing life insurance company . The company guarantees a rate of interest on money deposited in the contract . Most companies also use a new and old money rate to increase the rate of return as much as possible . Many annuities today are paying much more interest that they could receive elsewhere because it is guaranteed .


Input: Who Bears All Of The Investment Risk In A Fixed Annuity?

Output: That is a great question ! One of the main reasons fixed annuities have been an investment favorite is that between the guarantees and the known rate of return there is very little risk for investors . Because the rate is guaranteed , the whole risk is borne by the insurance company , and not you . The sum total of your risk is in whether the rate paid is better than what you may have made in another form of investment . This is a very safe investment , and I 'm glad you asked ! Thanks !


Input: Who Bears All Of The Investment Risk In A Fixed Annuity?

Output: When you purchase a fixed annuity , your premiums are put into the insurance company 's general account which holds the vast majority of their investments . Insurance companies have an excellent track record of investing in rock solid assets and you should check their financial stability and credit ratings through services such as A.M. Best and Standard Poor 's rating services . The insurance company guarantees your principal plus a minimum rate of return . The insurance company bears the investment risk of your fixed annuity . That does n't clear you of risk altogether . Insurance companies always add the caveat that guarantees are based on the claims paying ability of the insurance company . So , in the end , the annuity owner bears a certain level of risk as well . You need to weigh that risk against other places you put your investments and decide which institution fits your risk profile .


Input: Can Medicare Pay For Nursing Homes?

Output: Medicare can pay for nursing home stays under certain conditions : 1 -RRB- The nursing home stay must be within 30 days of a qualified hospital stay in the hospital of at least days . 2 -RRB- There must be a prescribed medical need for daily skilled nursing or rehabilitative care . 3 -RRB- The facility must be Medicare approved . 4 -RRB- Medicare will only continue as long as the patient is showing improvement . 5 -RRB- The first 20 days are totally covered . Days 21-100 charge a co-payment that was $ 144.50 per day in 2012 . After 100 days , Medicare no longer pays any benefits for nursing home care .


Input: How To Cancel Metlife Life Insurance?

Output: To cancel MetLife life insurance , you can call MetLife customer service at1-800-638-5000 or use their online services at WEBSITELINK . It is a good idea to discuss the policy you are cancelling so that you know what will be lost , and what options there might be to keep it in a way that you can afford it , if you wish .


Input: What Are Some Ways To Lower The Cost Of Disability Insurance?

Output: If you are looking at purchasing disability insurance , the premiums are based on a few things such as occupation , health , benefit amount & elimination period . You can lower the premium by lowering the monthly benefit amount & are choosing a long elimination period which means the waiting period before the benefit is paid . You can use an elimination period of 30 , 60 , 90 & 180 days . The long the elimination period the lower the premium .


Input: Does Humana Have Medigap Plans?

Output: Yes ! Humana does offer Medigap plans . Of the 11 different plans in the marketplace , Humana offers Medigap plans A , B , C , F , G , K , L , N , and High-deductible F - please note , not every medigap plan may be available and may not be sold in every area . Medigap plans are the same from every company because they 're standardized by the government . The only difference between the coverage from each carrier is the price they charge for it . Price quotes are determined by the quoted plan -LRB- s -RRB- , your age , zip code , any tobacco usage , and marital status -LRB- some carriers offer rate discounts if married and if spouses applying together -RRB- . It 's important to compare the rates from every available option in your area -LRB- including Humana and every other insurer offering Medigap plans in your zip code -RRB- so you can secure your desired Medigap plan at the lowest possible cost . If you need quotes for Humana 's Medigap plans -LRB- as well as those from other carriers to compare to as well -RRB- , please give me a call at 888-972-0024 - that connects to my office directly -LRB- not an automated system -RRB- . You can also send me an e-mail by clicking on the `` contact me '' button next to my name . I hope the information is helpful - please feel free to contact me for help with any other questions as well . Thanks very much .


Input: How Does Family History Affect Life Insurance?

Output: Different life insurance companies and products weigh family history differently in its affect on life insurance premiums . Some companies only look at the family history of the applicant 's parents , while others look at parents and siblings . Some restrict their questions to heart disease and maybe cancer ; others include many other diseases when asking about family history . When there is a family history of th condition before the age of 60 or 65 , some companies will penalize the policy rating more than others . It also makes a difference whether more than one family member was affected , and if the condition caused death at a young age .


Input: How Does Life Insurance Differ From AD&D?

Output: Life insurance differs from AD&D in that Life Insurance pays for death by any reason , whereas AD&D only pays for death by accidental reasons . AD&D stands for Accidental Death and Dismemberment . If the death is due to falling down stairs , car accident , etc , the policy will pay the death benefit . And some policies also pay for the loss of an extremity . But if death was due to illness -LRB- even an accident caused by illness , such as driving into a tree while suffering a heart attack -RRB- , the policy will not pay . Life insurance covers both types of death : natural and accidental .


Input: What Is Occupational Disability Insurance?

Output: What is occupational disability insurance ? Usually it is called own occupation and it is used in the definition of disability . It is very much to the insured 's favor to have that definition in their disability policy . It is a specific rather than general definition . For example your disability policy would pay if you could n't work in that specific job , and it would continue to pay you if you could work in another occupation .


Input: What Is Occupational Disability Insurance?

Output: Assuming you mean own occupation or own occ disability insurance , the policy addresses specific and recognized occupational specialties in medical or legal fields such as a physician who also is a surgeon . While a disability may occur eliminating the doctors ability to perform surgery , he may be fit to continue in a general practice , but receive disability benefits .


Input: What Is Occupational Disability Insurance?

Output: Occupation Disability Insurance is usually defined as `` own '' occupation or `` any `` occupation . I can only provide you with a general understanding since the wording is specific to each policy . A policy could define disability as not being able to perform the duties of `` any '' occupation based on your education , training or experience . An `` own '' occupation definition means you unable to perform the main duties of your occupation . This means that you will be paid disability benefits even if you are working and being paid to do something else . For example a surgeon can not perform surgery , but can work as a doctor . Some policies provide own occupation protection for 2 years or 5 years while others provide coverage to age 65 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 Occupational Disability Insurance?

Output: The purpose of disability insurance is to provide income if you are unable to continue your work for an extended period of time due to an illness or and injury . In disability insurance , there are 3 types of definitions that a policy can use - the definition of disability in the policy is the MOST CRITICAL item to look at in your coverage . As to which policy features which definition , you need to look at which carrier you 're using and what definition options their policies offer . The 3 definitions of disability that a policy can use are true own occupation , modified own occupation , and gainful occupation . True Own Occupation -LRB- commonly referred to as `` own-occ '' -RRB- is the most favorable definition you can have on your policy . This definition says that you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation , even if you are at work in another occupation . Modified Own Occupation has become the most common definition that most disability policies offer today . The first part of the modified definition is similar to the True Own Occupation definition , however , the second part of the modified definition is where the major change comes into play . The definition says that you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation , and are NOT engaged in any other occupation . Gainful Occupation is a definition that is more commonly seen in group disability plans or plans offered by property and casualty companies that offer disability coverage . This definition provides the least coverage out of every disability plan . If you have a disability plan with this definition , you may want to look at securing coverage with a modified or true own occupation definition - or at the very least supplement the coverage . Many people who are looking for the cheapest disability plan will often end up with this definition on their policy Disability insurance is a very complex type of insurance with many moving parts and quotes depend on a variety of factors . You can not simply shop for a disability policy as you would for a term life insurance policy . For this type of coverage , you want to work with agents that have in-depth knowledge of products , how disability insurance works , and experience with these programs to help you through the process from start to finish . Please let me know if you have any other questions . Thanks !


Input: How Good Are Variable Annuities?

Output: Variable annuities are tied to the stock market in some fashion or another . So how good any particular variable annuity is depends on the performance of the account it is associated with or the portion of the stock market that it is invested in . There are no guarantees with any variable products . They may perform very well and they may loose money .


Input: How Good Are Variable Annuities?

Output: Good is a very subjective term . Variable annuities serve a specific purpose , primarily to act as a method to accumulate wealth through traditional investing while having some additional insurance benefits in coordination . These benefits are : Return of premium upon death , which means that if the investment perform poorly and the policy holder dies , his or her named beneficiary will receive at least the amount of money that was placed into the policy Guaranteed Minimum Withdrawal Benefits -LRB- GMWB -RRB- , which is a rider that can guarantee a certain appreciation of the money contributed to the policy , and a guaranteed income for the life of the owner of the contract and/or the lives of contingent owners . An array of investment options from different mutual fund families that one can move in and out of without having to fill out additional paperwork or incur additional sales charges to make the move If these are benefits that would benefit you , then variable annuities might be good for you .


Input: Does The Type Of Car Affect Insurance?

Output: Actuaries sift through a great deal of data to locate those things that will predict future losses . Certain cars have a higher incidence of losses , they are rated based upon that information . This process is not a prejudicial action but a mathematical one . Occasionally a type of vehicle will have a horrendous loss experience because it might be difficult to match parts or the car is so rare , in which case the companies can deny coverage .


Input: Does The Type Of Car Affect Insurance?

Output: Yes , in most cases . Type of vehicle is just one of many factors that are used in determining your auto insurance premium rate . Each vehicle will have its ' own rating factors as determined by the agencies that provide safety data andother vehicle specifications that affect the vehicles repair and valuation amongst other factors .


Input: Why Not Buy Annuities?

Output: Annuities are a great way to safely save money toward retirement in a tax favorable manner . They also have a variety of other uses . That being said , never tie up all your money in annuities or any other long term investment . Make sure you have enough liquid funds set aside for emergencies and other needs . A good retirement planner can help you determine a plan that will fit your needs and situation .


Input: Where To Purchase Long Term Disability Insurance?

Output: You can purchase Long Term Disability from any life insurance agent or agency that sells it . Looking on the internet or in the Yellow Pages is a good place to start . It is carried through Life Insurance companies . Definitely look for an agency that sells more than one type of Disability policy so you can get your best price . Work with someone who knows what they are talking about so you get the features you need .


Input: When Should I Buy Life Insurance For My Child?

Output: Buying life insurance for your child has two purposes . One is to be able to pay final expense costs if something should happen to your child . The other is to ensure that your child can get affordable life insurance for the rest of their lives .


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

Output: The cash value of a whole life insurance policy is the amount of money that is accessible to the policy owner to use while still alive . It can be accessed through a policy loan or by surrendering the policy . If the loan is payed back with interest as stipulated in the policy , the entire face amount will be paid upon death . If surrendered , the policy is terminated and would not longer pay a death benefit .


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

Output: When a life insurance company offers to provide a death benefit regardless of when the insured dies and charges a level premium as long as the policy is in force , the company is issuing a whole life policy . If you search the internet you can see many examples of mortality tables . The most obvious fact is that the number of people surviving at a given age reduces with every passing year . Another observation is that the rate at which they die accelerates until very few 99 year old males live to see 100 . If the life insurance company is going to provide a death benefit to that 99 year old for one year the cost would be at least half of the death benefit . That is , a $ 50,000 1 year term policy on a 99 year old -LRB- if such a policy were available -RRB- would cost in excess of $ 25,000 . A whole life policy offers that coverage at the same level premium they charged when the policy was started . The way that they do that is that they accumulate money from the higher premiums to offset the cost of insurance when the premiums would otherwise become astronomical . This money becomes the cash value of the policy , or the surrender value of the policy . At any time the company is willing to exchange the surrender value of the policy in exchange for taking away the requirement that they pay the death benefit . Now , this cash value can be taken in a variety of ways so it isnt really so cut and dry . The point is , when you relieve the company of their obligation to pay the death benefit , they will give you the cash surrender value . It is the cash value that allows the company to maintain a level premium . Most whole life policies pass a point where the premium for the permanent plan is less than a newly issued 1 year term insurance plan .


Input: Does My Employer Have Life Insurance On Me?

Output: Your employer should not have insurance on you without your knowledge and consent . There was a case where Wal-Mart was buying policies on all their employees with the company as the beneficiary . This gave them a black eye once this was exposed and they had to stop doing it . If you are a key employee , they may have a life policy on you but you would have to be aware of it .


Input: Does My Employer Have Life Insurance On Me?

Output: IRS code 101 -LRB- j -RRB- requires that all employers have the employee sign a `` consent '' form for Employer Owned Life Insurance if they want a policy on you . The only reason they would want a policy on you is if you are a key employee who is `` key '' to the business succeeding . And even then it is nothing to worry about and perfectly normal .


Input: Does Medicare Cover Viagra Cialis?

Output: Medicare does not pay for Viagra , Cialis , Levitra or other erectile dysfunction drugs . They are not covered in Part B Medicare and excluded by Part D Medicare Drug Plans . The coverage ended in 2006 , when Congress determined them `` lifestyle '' drugs instead of medically necessary drugs . Since then , penile vacuum pumps , or , if those are ineffective , implanted penile inflation devices , are the only treatments for erectile dysfunction that are covered by Medicare .


Input: How Far Back Does Auto Insurance Look At Driving Record?

Output: We represent carriers who look back 35 months , others 36 months , some out to 60 months , and a few out to 84 months . Some types of violations are of interest to carriers who may only ordinarily look back 35 or 36 months . Major cites like a DWI , reckless operation or similar violations will earn you a minimum five year experience period . Some states like Michigan use 2 years for a minor violation and 3 yrs on an accident to match the State 's driver point assessment schedule . Check with your state driving authority for law or permissible practice in your state .


Input: How Far Back Does Auto Insurance Look At Driving Record?

Output: Most standard Auto Insurance providers when filing their underwriting standards in each state will include a provision to consider most minor moving violations within 35 months to 3 years from the inception date of their policy . Major violations such as a DWI for example may be considered with 5 years .


Input: How Far Back Does Auto Insurance Look At Driving Record?

Output: Auto insurance companies are regulated by your state insurance commissioner . The number of years that they can consider in rating a policy is different according to state rules . In California the company can review citations and accidents in the previous three years and DUI and racing up to 10 years .


Input: What Health Insurance Pays For IVF?

Output: There are very few health insurance plans that pay for IVF . Most policies will not provide coverage unless required by law . Fifteen states have mandates requiring the certain health plans cover infertility treatments . Of that group only nine specifically require IVF coverage . These mandates apply mostly to group plans issued in the state , so if your employer is headquartered in a mandate state those rules may apply . On the other hand the mandates have loopholes . If you live in a mandate state you may not be guaranteed coverage .


Input: How Much Is The Medicare Levy Surcharge?

Output: A Medicare levy surcharge is a tax on Australians that earn over a certain amount and dont have private health insurance hospital cover . This surcharge provides health coverage for you and your dependents , including your spouse , any of your children who are under 21 years of age , or any of your student children who are under 25 years of age . T he surcharge is in addition to the Medicare Levy of 1.5 % , which is paid by most Australian taxpayers , and is calculated at the rate of 1 % to 1.5 % of your income .


Input: Does Every Driver Need Car Insurance?

Output: The short answer is yes , every driver needs to be insured . Now , this does n't mean that every driver must purchase their own policy . Family members who live in the same household can usually be covered under the same policy . The reason every driver needs to be insured is that every driver has an exposure . Every time you drive a car , there is a chance that something could happen . There could be damage to a car , damage to property , or an injury to you , or to someone else . The only way you can be sure you 're protected is t be covered under an auto insurance policy . Find an agent you can trust . They 'll be able to build an auto insurance policy that protects you from most things that can happen while driving a vehicle .


Input: Does Every Driver Need Car Insurance?

Output: Every state has different laws . In Oregon , insurance follows the vehicle , so every vehicle on the roadneeds to have insurance . Most policies give coverage for a permissive driver , however as the owner of the vehicle your insurance will pay out if that person has an accident . With that being said all drivers in your household need to be rated on your policy to ensure your coverage is not denied at the time of a claim . People who live in another household do not need to be rated on your policy and your policy should coverage them , you just need ask your agent to make sure you have coverage for a permissive driver .


Input: Can You Get Car Insurance With Just A Learner

Output: If you are a minor and living with your parents or legal guardian , you would normally be covered under your parents auto insurance policy . If you are not a minor or living at home with your parents or legal guardian , I believe that you could be listed under another persons auto policy within the household that you reside in until you receive your license . Each policy is different and regulations vary from state to state . I would recommend contacting your local agent to find out if this coverage is available and what the steps are to put it in action .


Input: Does Aarp Provide Health Insurance?

Output: AARP is not an insurance company . It is actually an organization . So it may endorse specific insurers or plans that are available to individuals and families , but nothing more than that . In the past , they have lent their name to Aetna and UnitedHealthcare for some of their products . And of course , the insurers pay them millions of dollars for that right . AARP members may not have a major say in those decisions .


Input: Why Offer A Retirement Plan?

Output: Employers are always searching for quality employees from the labor force . Offering employer sponsored qualified retirement plans can be a significant recruiting and retention feature of the company . A popular choice of employer sponsored retirement plans are defined contribution retirement plans . Some employers match a percentage of the employee 's contribution to enhance the retirement benefit .


Input: Who Needs Disability Income Insurance?

Output: Anyone who makes a paycheck needs disability insurance -LRB- unless you have a net worth so large , the funds could support you for the rest of your life -RRB- . Disability Insurance pays out a monthly benefit that is about 55-65 % of your paycheck should you become ill or injured and can no longer work.You have to stop and think , `` If I can no longer work , how long can I go without an income ? '' For most Americans , the amount of time is only 6 months . Prepare yourself for the future !


Input: Who Needs Disability Income Insurance?

Output: People who rely on their paychecks to meet the basic needs of their lives , and especially if they are raising families , should have Disability Insurance . The experience of becoming temporarily or permanently disabled is tragic enough . Losing the income of the breadwinner can be hard to overcome . Disability Insurance can not take away all the trauma , but it can certainly help make it surmountable .


Input: How To Start A Life Insurance Brokerage?

Output: There is quite a bit involved when starting your own life insurance brokerage . First you need to be an experienced agent with a fairly large book of business in order for the carriers to offer you a brokerage contract . Next you will need a small team of sub agents ready to go with a recruiting plan in place to grow your team of agents . Once these two components are in place you will need to change your license over to a business entity license for the agency . You will need a fairly large capitalreserve for marketing , websites , web plug ins such as quoting software and lead generation . Next you will need office staff to answer phones , help with illustrations , manage cases for agents , set up training platformsand process applications . The contracts negotiations come with time and experience . As you grow the brokerage better contracts will come with volume . Good luck !


Input: Does Homeowners Insurance Cover Hotel Stay?

Output: Homeowner 's insurance policies typically cover additional living expenses -LRB- Loss Of Use -RRB- from a covered claim . These expenses must be reasonable and may include expenses you incur while having to live or stay away from your primary residence while it is being repaired or rebuilt . Sometimes a hotel is economical and/or needed so the expenses would be covered . The expensive little bottles ofalcohol in the mini-refrigerator ? Sorry ... those you have to pay yourself !


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

Output: The net cash value of a life insurance policy is the cash value minus fees and expenses . If determining the net cash value in order to borrow from the policy , one must also subtract surrender charges , if applicable . Generally , only permanent policies have cash value , and not all permanent policies have it .


Input: What Happens If You Are Denied Life Insurance?

Output: If you are denied , keep trying . There is a company that will insure you . Let your motivation be the final expenses your family will be left with . If you have a pre existing condition , the rates may be higher , but atleast you would be covered . I have questions . Contact me .


Input: What Happens If You Are Denied Life Insurance?

Output: If you are denied Life Insurance , then you are not covered meaning if you die , no benefit will be paid to your heirs . There are 3 basic reasons a life insurance policy will be declined : 1 . You health is not good ! I am talking more than just smoking or a little overweight . Perhaps there is a history of heart attack , cancer , etc. 2 . You have risky hobbies such as skydiving , hang gliding , rock climbing , scuba diving , etc. 3 . You are in the Military and are deployed to a `` hot zone '' which the insurance companies determine or perhaps you are vacationing in a `` hot zone '' . This said , all companies have different underwriting . I would recommend talking to a broker who can shop around for you . Fill out a questionnaire which all the details so different underwriters can review and see how these companies will rate you .


Input: How Does Joint Life Insurance Work?

Output: Joint Life is a very good policy for some situations . It will allow both parties , usually husband and wife to be covered under one plan . When the first person dies the surviving partner usually has an option of purchasing a separate policy regardless of health . It could be very expensive however depending on the age of the surviving spouse . My opinion is that you are better off with two separate policies .


Input: What Happens To My Life Insurance When I Retire?

Output: This is a broad inquiry . Retirement , in and of itself , has no direct correlation to a retirement plan , unless its in the retirement plan like 412i , 419 DBO or in 401k plans with contribution limitations . If the life insurance is a term or permanent insurance policy and the financial liabilities or economic exposure has ceased , then the coverage may be deemed useless and summarily surrendered . If the life insurance policy is a term or permanent policy and necessary to indemnify against economic loss for the beneficiaries then coverage should continue . If the life insurance is a permanent cash value designed for supplemental income , you may want to take income from it first and defer the distributions of your qualified retirement account until 70 1/2 .


Input: What Happens To My Life Insurance When I Retire?

Output: what happens to my life insurance when I retire ? If the life insurance is provided by your employer it will depend on what they offer . It might end immediately , it might carry on into retirement or you might be offered to carve out an individual policy from the group plan . There is n't a single answer as plans are different . If you `` own '' the policy what happens to your life insurance is what ever you want to have happen to it .


Input: Can Life Insurance Be Written Off?

Output: Life insurance can not be tax deductible or written off . However that being said , it can be inserted in some tax deductible qualified plan contributions . The annual contributions allow 49.5 % participating whole life or 25 % universal life . There is a economic benefit tax on the death benefit which is relatively small .


Input: Does Homeowners Insurance Increase Every Year?

Output: Most homeowners policies have an annual adjustment for the increased costs of construction . This raises the limits in the policy which also raises the premium . With each passing year the home grows older and that also affects the premium . Companies often reward customers who do not have claims and those discounts can have a substantial effect on your premium . Occasionally companies will file for and receive from the state insurance commissioner permission to raise the rates in a specific area due to losses that exceed the premiums received .


Input: Can You Be Denied Health Insurance For A Pre Existing Condition?

Output: The day that you asked this question , the answer would have been yes , you could have been denied . However , as of January 1 , 2014 , under the new regulations and provisions that were triggered by the passsage of the Health Care Reform Act , you can no longer be denied Health Insurance coverage for a pre existing condition .


Input: If an outdoor hot tub that is on my deck under a roof becomes damaged do I have to settle for depreciation?

Output: You never have to accept the offer of an insurance adjuster . Most claims are paid on depreciated value . If replacement cost coverage is elected it covers only buildings and contents . Many things are specifically excluded . It appears that your adjuster does not consider your hot tub as a covered item for replacement coverage . That is his opinion .


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

Output: Under the new affordable care act , everyone will have to have health insurance or pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years .


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

Output: The Affordable Care Act -LRB- Obamacare -RRB- fine -LRB- It is actually a tax -RRB- is $ 95 per year or 1 % of your income , whichever is higher . If you have more than one occupant in the house , the tax applies to each individual . Children under age 18 are assessed a lower amount -LRB- $ 47.50 -RRB- . The tax increases next year -LRB- to 2 % -RRB- so it is wise to purchase affordable healthcare through experienced brokers . Why is there a tax ? In order for the Affordable Care Act to work properly , enough persons must enroll -LRB- especially healthy persons -RRB- so insurers have sufficient funds to pay claims for all policyholders .


Input: What Insurance Coverage Do I Need For My Car?

Output: You need liability coverage that conforms to your state minimum required limits . If your car is financed , you will need collision and comprehensive benefits . The rate you pay is determined by the car you drive , your age , where you live , and several other factors . To find the cheapest rates , as an experienced broker , our job is to do the shopping for you and allow you to utilize our top-rated websites so you can get covered quickly and inexpensively as possible .


Input: What Insurance Coverage Do I Need For My Car?

Output: You need coverage that will pay the maximum amount possible when you are in an accident . If the blue book value of a car is low it may be unnecessary to insure it for physical damages -LRB- comprehensive and collision . -RRB- Otherwise you want a policy that will pay as much as possible for the bodily injury and property damage that occurs should you be responsible for an accident . The other important item is selection of the agent with whom you work . The company and the agent are the ones who will stand by you when you have an accident .


Input: What's The Point Of Health Insurance?

Output: Just like any other insurance , it 's meant to cover you when an unexpected event causes financial loss . But , unlike most insurance , health insurance is now structured to cover expected events along with the unexpected events . For example , set co-payments for routine health exams and maintenance , and set emergency room costs , before you meet your deductible and the insurance kicks in . But overall , the point of health insurance these days , is to provide you with better access to higher quality of health care providers ; which in turn leads to better health maintenance and prevention , and overall reducing your future costs of healthcare throughout your life . With health care costs continuing to climb due to our greatly aging and sickening society , it is important to have the best and most access to prevention and early detection of health risks , to reduce future health care spending as a whole .


Input: Does Medicare Pay For Scooters?

Output: Medicare Part B may pay for a portion of the charges for a `` scooter '' . You must be evaluated by your doctor who is required to complete a CMN and write a prescription for a mobility device . To minimize your out of pocket cost you should use a Medicare approved DME provider that accepts assignment .


Input: Can I Cancel My Medicare Part D?

Output: You can only drop or change your plan during open enrollment . I highly discourage dropping Part D completely . There are very inexpensive plans available if you do not have many prescriptions . Medicare will impose a penalty for every month that goes by that you were eligible for but not enrolled in Part D . This can become very expensive , especially as your health deteriorates and you begin to take more prescriptions and need the Prescription drug plan . The penalty never goes away unless you qualify for Low Incom Eubsidy or Medicaid .


Input: Will Health Insurance Pay For A Vasectomy?

Output: Most insurance companies cover this procedure that can run from $ 350 to $ 1,000 . You should review your policy and make sure there is not a waiting period or if it does preclude coverage . The insurance market used to be a competitive arena where one company provided coverage where another company chose not to cover the procedure


Input: Does Long Term Care Insurance Make Sense?

Output: Most Long Term Care Insurance plans these days pay the recipient a sum of money that can be spent as they desire , for the type of long term care they wish to receive . This can be a nursing home , assisted living , independent living facility with a private aid , hiring family to stay with them in their own home , or other arrangements . This makes sense in that using other resources besides nursing homes can be a less costly alternative , and may be more desirable to the person receiving the long term care .


Input: What Does Life Insurance Protect?

Output: Life insurance helps protect the beneficiary from financial loss related to the death of the Insured . Only someone who has financial interest in the life of another can have life insurance on that person , or be the beneficiary of that person 's policy . When that person dies , the beneficiary is paid a cash benefit to help offset the financial loss from that person 's death .


Input: What Does Life Insurance Protect?

Output: Life Insurance pays a tax-free death benefit which can help protect the financial future of your family including your current living expenses , replacing lost income . Business interests can also be protected with life insurance . For example , if there is an employee who is key to the operation of the business , life insurance can replace lost sales for example until a new employee can be trained . Or if you have a business partner ... when a partner dies his business interest goes to his heirs unless an agreement is put in place to purchase the business interest from the heirs . Life insurance funds that payout . There other and more examples if there is a specific question .


Input: Does Home Insurance Cover Flood?

Output: The short and direct answer is no , a Homeowners ' Insurance policy does noit cover for a flood . Flood Insurance must be obtained separately . FEMA administers the plans and they can be written through a number of different insurance companies . Check their website and look for Flood Certified Agents who would be happy to answer your questions and help you through the process .


Input: Does Home Insurance Cover Flood?

Output: That is a great question ! Unfortunately , the vast majority of homeowners policies will not cover damages due to flooding . There will be a separate policy for that coverage , or a rider added to your homeowners policy to protect you , especially if your home lies in an area where flooding is a possibility . It is an unpleasant surprise for many homeowners when they find their home is n't covered . I sincerely hope that is not the case for you . Thanks for asking !


Input: Does Home Insurance Cover Flood?

Output: Approximately 25 % of the property damage annually in the USA is flood related . Most homeowners policies exclude damage caused by flood . Many of these companies work with the federal flood insurance program administered by FEMA . Many lenders require flood insurance , particularly if the home is in a flood plain .


Input: Does Auto Insurance Check Credit?

Output: Auto insurance carriers perform a risk analysis to identify high risk drivers . They will look at your credit rating , age , occupation , place of residence , your driving record , insurance payments -LRB- on time or late -RRB- , marital status , type of car and your sex . Each person is weighed by there own risk factor by the insurance carrier before they give a quote . The auto insurance industry invest more time and research into risk analyst than any other industry and they have found a pattern that relates a low credit score to a high risk driver . Due to this finding the auto insurance carrier can adjust the rate of your premium based on your credit score .


Input: Does Auto Insurance Check Credit?

Output: Almost all insurance companies use what 's called a soft credit check in one way or another . It is mostly used to determined what is believed your ability to pay for premiums . Generally speaking , the better your credit the better your rate will be , but it varies widely depending on how much that company values that one piece of information when rating . No two companies are a like !


Input: Can You Get Life Insurance With Sleep Apnea?

Output: Yes , you can get life insurance with sleep apnea . If your sleep apnea is mild and has been controlled by Cpap or some other treatment , and showed stability with a follow up sleep study a year or so later , you can be rated as good as Preferred with some carriers . Severe sleep apnea that does not have successful treatment is the worst case scenario . Contacting an agency with experience in writing life insurance for persons with sleep apnea will help you get the best rate .


Input: How Is Kotak Mahindra Life Insurance?

Output: Kotak Life Insurance is an Indian company . It appears to offer traditional life policies . As you may already know it has only been in the last twenty years or less that the life insurance market has opened . Previously the market was the exclusive domain of four government insurance companies . This company is a joint venture of an Indian Bank and Old Mutual Life Insurance Ltd. .


Input: When Will My Car Insurance Decrease?

Output: There are many factors when it comes to rates and insurance . Typically the rates decrease as you get older but this is not always the case it depends on your driving habits also and the type of coverage and the statistics for accidents in your area . In many cases the best way to keep your rates on a steady decline is to have good driving habits and also staying with a carrier and not switch every 6 months to another carrier this can not be in your best interest also as you could be missing out on renewal credits will help lower cost some also . Also going more then 30 day with no insurance makes rates higher also so the easiest way to keep you cost down is drive well stick with a carrier and have no lapse in coverage and 4 door cars are the cheapest to insure in most states . Also get an advance quote discount . So when your renewal comes out usually 30 in advance this is the best time to start calling and shopping and see if the rates are better for you .


Input: What To Do When You Are Turned Down For Health Insurance?

Output: I suppose if that were to happen in 2014 you would contact your department of insurance and file a complaint . The ACA does not allow people to be denied health insurance coverage . it would be very unique and unusual for an insurance company to violate such a clear and well publisised law . But , if you happen to find yourself in that situation , I guess my advise is to file a complaint . ... Or maybe call the company and ask if that just landed in the USA and do n't understand the new rules !


Input: What To Do When You Are Turned Down For Health Insurance?

Output: Under the new Affordable Care Act , you can not be declined for health insurance for any pre-existing condition or other health-related illness . In short , individual health insurance plans are guaranteed-issue in today 's marketplace . If your application was rejected , there may have been information in error and it needs to be re-submitted - your insurance agent/broker should be able to look into this for you . I would suggest contacting your insurance agent or the carrier directly to find out why you were declined for coverage before filing any complaints or other actions . It may end up being something as a simple error that is easily correctable .


Input: What To Do When You Are Turned Down For Health Insurance?

Output: You can still be turned down for health insurance and it happens each day . There are many non-Exchange plans that are offered by major insurers that are medically-underwritten . For example , short-term -LRB- temporary -RRB- medical coverage is available fro many large reputable carriers . UnitedHealthcare markets this type of plan under `` Golden Rule . '' It 's a very popular and cheap health insurance plan that can be purchased for up to 6-12 months . Although there are only a few medical questions , you can be denied coverage if you have been treated for a major illness -LRB- cancer , heart disease , diabetes etc. . . -RRB- or you have previously been turned down for coverage . If this happens to you , do n't miss the next Open Enrollment which allows you to apply with a subsidy that could lower your rate . Limited-Benefit plans are also a less-popular option . As an experienced broker -LRB- 33 years -RRB- , our job is to provide accurate information and the lowest available rates .


Input: How Are Variable Annuities Taxed?

Output: Variable Annuities are taxed just the same as a traditional Fixed Annuity . If the Annuity is not in an IRA or other Qualified Plan , then any withdrawal is subject to capitol gains tax , both Federal and State . This is just on the `` Gains '' of the policy . If the Annuity is in an IRA or Qualified Retirement Plan , then withdrawals are taxed as Income . It is also important to note that any withdrawal before age 59 1/2 , is subject to a 10 % tax penalty . This is for IRA & non IRA Annuities . If the Annuity is a Variable Immediate Annuity , which pays an income stream to you , then things are a bit different . If it is an IRA then all income payments are taxed as Income . If it is not an IRA , then it is taxed under the exclusion ration . This `` excludes '' a certain percentage of the income from taxes , since it is considered basis -LRB- principle -RRB- .


Input: How Long Should I Plan To Live In Retirement?

Output: The number one risk in retirement is human longevity risk . The 2001 CSO mortality tables display the average non smoker standard heath for males and females . If your health is better your life expectancy will be longer . Generally speaking if you are a healthy non smoking individual you should plan on living to age 90 . You can talk a survey that can calculate your life expectancy based a several medical and behavioral questions .


Input: What Does The Renters Insurance Cover?

Output: Renters insurance will typically provide the insured and the insured 's immediately family residing at the covered premise personal property protection , personal liability protection , and typically loss of use coverage . 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: What Is Depreciation On Home Insurance?

Output: Depreciation isnt the word used in most insurance policies . The phrase is actual cash value . It means that if you have a loss the company will pay the cost to repair or replace property with like materials but never more than the limit in the policy . This is stated in the policy but is further limited to the value of the property at the time of the loss . The key elements are repair or replace and value at the time of the loss .