Input: Why Is Whole Life Insurance So Expensive?

Output: That is a great question ! There are a couple of reasons why whole life insurance is expensive , especially compared to term life . The first is that it is almost certainly going to pay out . As long as you 've kept up with the payments , and did n't die doing something illegal , the insurance company is sending someone a fat check . Term policies are cheap , because statistically , they pay out far , far fewer times . -LRB- They also have much stricter health requirements to get , while whole life is more lenient -RRB- . Whole life is also more expensive because of the costs of storing and investing your premium money . Unlike term , the money that you put into your whole life policy can be borrowed from the policy if you need it . Term policies only collect enough to cover the cost of your insurance , and have no cash value . I hope that helps , thanks for asking !


Input: Why Is Whole Life Insurance So Expensive?

Output: Whole Life Insurance is the oldest kind of insurance around . The attraction to Whole Life Insurance are the guarantees associated with it . Not only do you get the death benefit guaranteed , but the cash value in future years is guaranteed as well with the opportunity to grow even more . Because of these guarantees , there is a cost for this which is why it is more expensive however you do get what you pay for . Whole Life policies are pretty solid , pay dividends which you can take as cash or put back into the policy to provide a larger benefit later .


Input: Can I Get Car Insurance With An Expired License?

Output: Most companies now use an on-line application for auto insurance . During the application process every car at the residence will probably be identified . Every driver living in the household will probably be identified . Every claim made by every driver on every car will be identified and the driving record of each driver will be identified . This information will immediately feed into the quoting process . Some companies might not be as automated and review of driving records may take place after the coverage is bound but that would be unusual and the company would probably cancel the policy as soon as they determine that you dont have a license .


Input: Can I Get Car Insurance With An Expired License?

Output: Can you get car insurance with an expired Licence ? The short answer is no and it depends . In some rare instances , you can get car insurance with an expired licence but you can not drive your car with an expired license . All this will also depend your state and insurance company . If you have an accident while driving on expired licence , the insurance company may chose not to cover the claim because you were not legally authorized to be driving . It is better to go renew your license .


Input: Can I Get Life Insurance With A Criminal Record?

Output: On every life insurance application , there are questions about your criminal history . Felony convictions may cause a denial of your request for coverage . Insurance companies may attribute lifestyle choices and behavior to a certain level of risk . Some companies will accept certain misdemeanors , but your premiums may be a bit more expensive because of it .


Input: What Is Jumbo Life Insurance?

Output: Jumbo life insurance generally describes very large life policies which exceed limits a insurer has set for the life insurance risk to be retained and handled by that insurer or by prearranged reinsurance pools . Some insurers have a jumbo limit as high as $ 65M . Reinsurance is insurance to the insurers - a way to share an insurer 's single policy risk with many . In the event an application for life insurance exceeds these limits the insurer must submit the case to the reinsurance market .


Input: What Is Jumbo Life Insurance?

Output: That is an excellent question ! Like the name implies , a jumbo life insurance policy is one with a very high face value . We 're talking very large . These multi-million dollar policies are generally supported by several insurance companies , so as not to sink a single company when the time came to pay the benefit . This is some serious wealth transference we 're talking about here ! Thanks for asking !


Input: What Is Jumbo Life Insurance?

Output: Jumbo Life Insurance is a policy with a face value of at least $ 20 million . The majority of the time , such a policy would be underwritten and guaranteed by more than one insurance company , as the risk of such a large claim is more than a company will typically take on one life . These plans are typically used for business cases with an owner or other key member has an massively high net worth , or is otherwise obtained for estate planning purposes .


Input: What Is Jumbo Life Insurance?

Output: A jumbo life insurance policy is a life insurance policy with a face amount so large that one insurance company can not take all of the risk to pay the claim . There are several large reinsurance companies that insure the insurance company to cover that large claim . The most recent case involves a world record policy written in California to a Tech Billionaire for a face amount of $ 201 million that actually used 19 different insurance companies so no one company had more than $ 20 million in risk .


Input: What Is The Average Insurance Cost For A Home?

Output: It depends on where you live , the value of the home , the age of the home and other factors . The average cost of homeowners in Ohio would be different than the average cost in California . There is no way to answer this question since there are so many variables .


Input: At What Age Can You Get Medicare Insurance?

Output: Most people will qualify for Medicare at age 65 , but it is possible to be covered by Medicare at almost any age . If you have a specific disabling medical condition such as ESRD -LRB- end stage renal disease -RRB- you could qualify for Medicare prior to age 65 . If you have enough Social Security credits and qualify for Social Security disability , you will qualify for Medicare after 2 years on SSDI .


Input: To add teen daughter to auto policy the insurance agent says I need to change one of our vehicles to a liability only policy for $5000 per year; can I do this if both our vehicles have a loan lien?

Output: Each car in the household is rated on a specific driver . The impact of an inexperienced driver is placed on one car in the household . If the inexperienced driver is the third driver in a two car household the new driver will be assigned as occasional to one of the vehicles . The impact is more significant if the vehicle is new and insured for liability , comprehensive and collision . Some people buy an additional older car so that the inexperienced driver will be assigned to that car . I do not understand the logic in adding two older cars .


Input: To add teen daughter to auto policy the insurance agent says I need to change one of our vehicles to a liability only policy for $5000 per year; can I do this if both our vehicles have a loan lien?

Output: When you have a loan on a vehicle , your loan contract will require you to carry coverage on the vehicle itself which is known as physical damage coverage . Physical damage comes in the form of comprehensive and collision . In general , collision is anything you collide or have an upset with and comprehensive is everything else . Basically , the lienholder wants their interest protected which is the car . When a lienholder is listed , the insurance company is obligated to let them know if this coverage is dropped . If the coverage is removed , the lienholder , contractually , has a right to obtain coverage on its own and to add the cost to the amount of your loan . Adding teen drivers to a household can be expensive since they are inexperienced behind the wheel and are statistically more likely to have an accident . Check with your agent to see if any additional discounts are available with a youthful driver . For example , many companies offer a good student discount if the teen driver averages a B or better in school .


Input: To add teen daughter to auto policy the insurance agent says I need to change one of our vehicles to a liability only policy for $5000 per year; can I do this if both our vehicles have a loan lien?

Output: You are absolutely right , if you have a car loan or are leasing a vehicle , both contracts require that you carry Physical Damage coverage provided by both Collision and Comprehensive . If you remove those lines of coverage you perhaps run the risk of voiding your finance agreement . Now , purchasing an older car and choosing not to carry anything but liability on oit is yours , not your agent 's choice to make . Some companies assign a specific driver to a specific vehicle , others use a `` driver averageing '' system whereby no one is asigned to a particular vehicle .


Input: What Is Covered With Renters Insurance?

Output: Your coverage will vary from policy to policy and carrier to carrier . Typically a renters insurance policy will provide coverage for losses caused by fire , smoke , lightning , and other perils . It will also typically provide some monetary coverage for accidents that occur on your covered premise that you are deemed responsible for and money to secure another place of residence after being displaced by a covered loss . 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 Medicare HIB?

Output: Medicare HIB is Medicare Part A which the beneficiary is entitled to due to ESRD -LRB- end stage renal disease -RRB- . Part A is hospital coverage and entitles you to full inpatient coverage for Medicare approved treatment and claims . Under some situations you are also entitled to treatment in a SNF -LRB- skilled nursing facility -RRB- , rehab and hospice services .


Input: What Can Void Car Insurance?

Output: Any time that fraud is detected the insurance company can cancel an auto policy . If you stage an accident in order to file a claim , the company will probably cancel your policy . If new information comes to light that would change the nature of your application , that could lead to a cancellation . If you are arrested for transporting moonshine in your car , your auto insurance company will likely cancel your policy as soon as they find out . If you fail to pay the premium your policy can be cancelled .


Input: How To Evaluate Annuities?

Output: Tax deferred annuities allow the annuity owner to accumulate cash values while deferring ordinary income taxes on the gain . Tax deferred annuities have three basic crediting methods : interest rate , index and separate sub accounts using equity and bond investments . The contractual language is important to understand , so you can evaluate the financial virtues of the policy . You also need to establish your financial profile to determine your risk tolerance and financial goals for product suitability .


Input: How Many Americans Have A Retirement Plan?

Output: Although many have retirement plans , some suggest that half of Americans that do have less than $ 2,000 in their accounts . One third of the country have no savings at all and will be totally dependent on Social Security benefits . If these statistics are true , it only underscore the retirement crisis in America .


Input: Does Disability Insurance Cover Unemployment?

Output: Disability Insurance does not usually cover unemployment . That is because Disability Insurance pays out based on whether or not you CA N'T work , while Unemployment pays out based on whether or not you CAN -LRB- and are willing to -RRB- work . In fact , if you apply for unemployment payments while you are applying for disability payments , the DI company may deny your claim due to conflicting statements .


Input: What Is Manufactured Home Insurance?

Output: Manufactured home insurance is homeowners insurance that will insure a manufactured home . A manufactured home could be a mobile home or a factory home kit that is assembled on site . This would be different then a frame or traditional home that is built from scratch on site . Other then the term the coverage 's are relatively the same . Insurance providers generally have a policy that is specifically designed for manufactured homes .


Input: What Is The Oldest Age For Getting Life Insurance?

Output: Depending on the type of Life Policy , some Insurance companies will issue a life policy at age 85 . This is usually for final expences such as funeral and burial expences . The face amount of these policies usually range between $ 5000 and $ 50,000 . They usually are simplified issue policies that require no medical exam .


Input: What Is The Oldest Age For Getting Life Insurance?

Output: Rate tables exist to age 80 at most insurers . In some cases , age 85 is available and in a few insurance companies , age 90 . Assuming the proposed insured is insurable the standard rates may apply or there may be substandard extra premiums or table ratings depending on insurability . The premium rates are quite high but they may still be acceptable depending on the need and means of the applicant . Declines are common at these ages .


Input: What Is Select Term Life Insurance?

Output: The term `` select '' when dealing with any type of life insurance is meaningless . There are internet sites that have that word in their name , perhaps because they have already determined which companies to offer coverage from . This is just advertising but with no real value for the consumer , on the internet or off .


Input: What Is Select Term Life Insurance?

Output: The same thing as regular life insurance . There is no specific type of life insurance category that this refers to . Some carriers and websites use it in a product 's title or description . As Lenny noted , it 's more of a marketing & advertising ploy than anything and does n't hold any value real value for the consumer .


Input: How Often Will Medicare Pay For A Bone Density Exam?

Output: Medicare covers Bone Density Exams each 24 months assuming your doctor is ordering the exam done . Since I am not a doctor I assume that a regular physical that medicare will pay for each year does not entail any bone density exams . Preventive medicine has become more pronounced as Medicare encourages the annual exams designed to catch health issues early by paying for these exams


Input: What Does It Mean To Have A Deductible On Health Insurance?

Output: Think of the deductible as a form of self insurance . In other words , the portion you 'll pay before insurance begins to pay on claims . Health plans usually offer a choice of deductibles have a lower premium cost if you choose a higher deductible . A higher deductilbe means you accept more cost upfront for the use of a health plan in order to receive a lower premium cost . After the deductible has been met , usually you go into a phase called `` co-insurance '' . Co-insurance is the phase where you and the insurance company split the bill for care . A co-insurance level may be 50-50 , 60-40 , 70-30 or other combinations depending on your plan . For example if you had a plan with a 80/20 coinsurance provison and a $ 500 deductible and a bill for $ 2500 for a service . How it would be split up is as follows . The first $ 500 of the bill is yours . Of the remaining $ 2000 , the insurance company pays $ 1600 towards the bill and you have an additional $ 400 . Please note : once you 've met your deductible for the year , you will no longer be charged it for claims , Co-insurance would be next . Then once you 've met your co-insurance limits , your claims for the balance of the year -LRB- not counting copays -RRB- are covered at 100 % .


Input: What Does It Mean To Have A Deductible On Health Insurance?

Output: A deductible simply means that you have to pay for some of the losses before your insurance company will pay anything . Unfortunately in health insurance deductibles are more complex than in auto or homeowners insurance . The deductible is the amount of money you 'll have to pay out of pocket during a calendar year before the policy will start paying . If you have a $ 1,000 deductible your insurance company wo n't cover the first $ 1,000 of health expenditures you have in a calendar year . Once you meet your deductible for the year , they will pay a large percentage of the losses over the deductible .


Input: What Does It Mean To Have A Deductible On Health Insurance?

Output: As + Larry Gilmore and + Tony Canas have indicated , the deductible is an amount you must pay before accessing the major medical portion of your health insurance plan . Some health insurance plans have copay 's for items such as doctor and Rx while others are simple catastrophic plans where you are responsible for paying all illness and accident related claims before the plan pays anything . If your plan has doc & Rx copay 's you generally do not have to meet the deductible before the plan pays . Regardless of whether your plan has copay 's or not , keep in mind you are not paying the `` full retail '' price of care when you are in the deductible phase . If you are using par -LRB- network -RRB- providers , you are only paying the negotiated rate for your care . Also some plans have zero coinsurance after the deductible , meaning the carrier pays 100 % of your approved major medical related claims when using par providers .


Input: When Is The Best Time To Buy A Medigap Policy?

Output: Generally speaking I always suggest buying a medigap policy three months prior to your 65th birthday . It will not be effective until your 65th birthday . You must have your medicare card established . By setting up the plan with medigap three months prior , you lock in that rate . Now the price of the premium can not go up by doing it early . Also it eliminates one necessary procedure to do when you turn 65 .


Input: When Is The Best Time To Buy A Medigap Policy?

Output: A person drawing Medicare should own a Medi-gap policy . That need starts the day that they start on Medicare so they should apply before that date . If for some reason the coverage lapses they should make every effort to get a replacement policy as soon as possible . The Medicare program is not designed to take care of all of a persons medical needs .


Input: Does Medicare Cover Gastric Bypass Surgery?

Output: Some Medicare patients will qualify for gastric bypass or lap band surgery . Your doctor must have certified that you are morbidly obese , other methods of weight loss have been tried and failed . Surgery should be considered based on your overall health . Morbid obesity is considered a disabling condition under Social Security , so some on SSDI may qualify for Medicare coverage if you are under the age of 65


Input: Does Medicare Cover Gastric Bypass Surgery?

Output: Medicare can cover gastric bypass surgery under certain conditions . Some of those are : 1 -RRB- BMI must be 35 or greater . 2 -RRB- There must be at least one health condition related to weight . 3 -RRB- There must be documentation of failure to lose weight by other methods . 4 -RRB- A psychological evaluation is required . 5 -RRB- Other medical treatments for weight loss have been ruled out . 6 -RRB- The provider and type of surgery must be approved by Medicare .


Input: How To Plan For Retirement When You Are 50?

Output: How to plan for retirement when you are 50 ? First thing is look at your debt , is there anything you will be carrying into retirement ? Is there anything you can rid yourself of in the next few years ? At 50 , if you 're just getting started planning for retirement you will have to change your ways considerably because you 're getting what amounts to a late start . Look at where and how you spend money . Then if you have n't done so , take a portion of your income and start setting it aside for the future . There are many qualified plans you can use that are either employer sponsored or individual planned . Find one , start using one . What you 've lost at 50 is time . Time is very hard to replace , it requires disipline and consistentcy . Both are possible at 50 .


Input: How To Plan For Retirement When You Are 50?

Output: Planning for retirement when you are 50 is possible , although a bigger challenge than if you started at age 40 . Firstly , start a monthly contribution to your 401k -LRB- if you have one -RRB- and take advantage of any matching that your employer offers . Also , a Roth IRA should be considered . Assuming you do n't have a defined pension , you will have to make regular contributions at a fairly substantial pace . A full-time financial planner will offer you the best advice from this Forum . That is , a person that works with clients such as yourself and reviews their specific budget and financial picture .


Input: Who Guarantees Annuities?

Output: In Canada , Assuris is the not for profit organization that protects policyholders should their insurance company fail . All insurance companies in Canada are required to be members . Here is a overview of the coverage : For accumulation annuities , if your insurance company fails , your accumulation annuity policy -LRB- GIA for example -RRB- will be transferred to a solvent company . Assuris guarantees that you will retain 100 % of the accumulated value up to $ 100,000 . For payout annuities , if your insurance company fails , your payout annuity policy will be transferred to a solvent company . Assuris guaranteed that you will retain $ 2,000 per month or 85 % of the promised monthly income , whichever is higher . Full details of coverage can be found at www.assuris.ca If you have further questions , or feel that I could be assistance , please do not hesitate to contact me .


Input: Who Guarantees Annuities?

Output: The promise of payment is backed by the assets of the insurance company issuing the annuity . Your state insurance commissioner monitors the ability of the company to keep its promises and in many states there are plans in place to make sure that insurance companies will not fail and that promises will be kept .


Input: Who Guarantees Annuities?

Output: Annuities are backed by the credit of the issuing organization . Insurance companies are leading providers of annuities . They are responsible to the state commissioner in the state in which they are organized and the commissioner in the state where they are admitted . These commissioners work to assure the viability of the companies and protect the policyholders .


Input: Who Guarantees Annuities?

Output: It is the life insurance company through which the annuity was purchased that guarantees annuities . Annuities are a contract between the life insurance company selling the annuity and the person obtaining the annuity . Therefore , it is the life insurance company who honors the stated guarantees within the annuity contract .


Input: What Is A Medicare Swing Bed?

Output: A Medicare swing bed is used when a patient still needs rehabilitation or skilled nursing services after a consecutive stay in an acute care hospital of at least 3 days . Medicare will pay for this stay up to 20 days in full and up to 100 days with a copay . Swing beds are located in Medicare approved small rural hospitals that offer both acute care and skilled nursing or rehabilitative care , and in Medicare approved skilled nursing facilities .


Input: Can You Deduct Individual Health Insurance Premiums?

Output: Technically , yes . However , how you file your taxes will have a lot to do with whether the deduction really amounts to anything . Depending upon how some self-employed persons and small business owners/partners structure their business and their tax arrangements makes a lot of difference . You need to talk with a CPA for that advice . But , for the ordinary person who works for a company that does n't provide health insurance and purchases an individual policy for themselves , the premium expenses can be included in that person 's medical expense deduction on their individual income taxes . The problem most people are faced with is that under the new ObamaCare requirements , your out-of-pocket medical expenses in total have to exceed 10 % of your adjusted gross income before you get any deduction at all -LRB- this is up from the previous 7.5 % level -RRB- . So , in practical terms , unless a person is really racking up some major health care expenses , very few taxpayers were reaching the old 7.5 % threshold and even fewer will clear the new 10 % level . Therefore , I would have to rate this as a paper deduction that , while you can report it , is largely an illusion for the average taxpayer .


Input: How To Remove Medicare Part B?

Output: -- > Medicare makes it difficult to cancel , or withdraw from , Medicare Part B. Because Medicare Part B provides important coverage for most people 65 and older , and because there 's a penalty if someone cancels Medicare but then later wants to enroll again , Medicare enrolls everyone automatically at age 65 and wants to make sure no one cancels their coverage without fully understanding the consequences .


Input: How To Remove Medicare Part B?

Output: You can have Medicare Part B removed by going to your local Social Security office or by calling 1-800-Medicare . I would not remove Part B unless you are covered by an employer group health plan if you employer has at least 20 or more full time employees . If you have gone back to work full time and being offered health insurance through your employer it may be appropriate to remove Part B of Medicare .


Input: What Does Medigap Plan F Not Cover?

Output: Medicare Supplement Plan F -LRB- Medigap -RRB- is the most comprehensive coverage available for seniors . There are items not covered or partially covered . If Medicare approves treatment , Medigap Plan F will cover copays , co-insurance and deductibles related to that specific item . However , if any treatment is denied coverage by Medicare , that particular treatment would not be covered by Medigap Plan F. Simply put , Plan F follows the lead of approved Medicare coverage . Items typically not covered by Plan F include acupuncture , dental work , vision exams and skilled nursing care beyond the first 100 days . There is also a limit on the total number of hospitalization days covered - it 's around 455 days under Plan F . If you are hospitalized and require blood , Plan F covers the first 3 pints . If you are travelling abroad and have a medical emergency , Plan F usually requires you to pay a $ 250 deductible but will cover up to $ 50,000 . Drug coverage is not included with Plan F -LRB- that would be Plan D -RRB- .


Input: What Does Medigap Plan F Not Cover?

Output: Medigap Plan F -LRB- also known as Medicare Supplement Plan F -RRB- is the most comprehensive plan on the market . You would have no copays , deductibles or coinsurance . There is also no network so you can go to any doctor or hospital in any state that you want . If they take Medicare they will take the Medigap Plan regardless of who the carrier is . The only thing Plan F does n't cover is your prescription drugs . All Medigap plans are not allowed to include prescriptions so it would be the same with any of them . People with a Medigap Plan also get a Part D to cover the prescriptions .


Input: Will Life Insurance Test For Drugs?

Output: If the policy you are applying for requires a physical with blood , and urine then yes . Some smaller policies do not require a physical , however there is a question on the application regarding illegal drug use . If you answer no to that question and it is found that you lied o the application your policy can be rescinded and premiums returned .


Input: What Is A Good Amount For Renters Insurance?

Output: That would vary a lot based on your household and how much personal property you have . An easy rule of thumb , is that if you have a basic lifestyle , figure $ 10,000 - $ 15,000 per bedroom . So if you have a 2 bedroom apartment , you might go $ 30,000 but I suggest making an inventory , assigning values to each item and adding it up . You can do that for free at WEBSITELINK .


Input: What Is A Good Amount For Renters Insurance?

Output: A quick way to determine the amount of renters coverage that you need is to take a camera and photograph everything in the unit that belongs to you . Open a spread sheet and list everything in the pictures with the price to replace what is in the picture . Total the replacement prices and you have the amount of renters insurance that you need . There is another part of the policy and that is the liability section . I recommend that you take the highest limits available . A lawsuit can bankrupt you .


Input: Does Long Term Care Insurance Cover Assisted Living?

Output: Yes , Long Term Care Insurance often covers assisted living . It depends on the wording of the policy . Many Long Term Care policies simply reimburse the person needing the care so they can spend the LTC benefit where they wish . This can be an assisted living residence , or even staying in their own home if they are able to hire someone to assist them with ADL 's .


Input: Why Does Health Insurance Have To Be On A W-2?

Output: The presence of the amount your employer spends on health insurance on your W2 is a fairly new thing and is part of the new health care laws . So far , that is as far as it goes . Note : the next part is my opinion and should be taken as such . I think the reason your employer 's payment towards your health insurance is being required on the W2 is because it wo n't be too long before it becomes taxable income to the employee . Health insurance -LRB- medical , dental , vision -RRB- I believe is the only benefit where the employer gets to deduct the cost paid -LRB- no taxes paid -RRB- and the employee gets the benefit with no tax consequence either . Most things do n't work that way . The debate over taxation of benefits is not new , it has been going on for years . As the government looks for new sources of tax revenue the days of tax breaks for the employer and employee for health benefits may be fading into the past .


Input: How Much Is Renters Insurance Per Month In California?

Output: The amount of premium monthly for renters insurance in California will be based on the amount of coverage you wish to purchase . With that being said you may be able to obtain renters insurance for as low as $ 10.00 - $ 12.00 per month . I suggest you contact a local independent agent who can quote several insurance companies to get you the right coverage 's at the most competitive rates .


Input: Does Home Owners Insurance Cover Asbestos Removal?

Output: Generally the answer to that would be no . Your Homeowners is not designed to cover this type of renovation . If your home is damaged by a covered peril then the removal of asbestos would be covered as part of the repairs , but otherwise you will have to pay .


Input: What Is A Taxable Distribution From A Qualified Retirement Plan?

Output: Qualified retirement plans use pretax contributions and accumulate tax deferred , but the distributions are taxable at ordinary income tax rates and are includable in the provisional income test that determines taxation on Social Security benefits , also taxed as ordinary income . Keep in mind that early distributions before 59 1/2 will also trigger a 10 % penalty .


Input: Which Is The Best Medigap Coverage?

Output: The best Medigap coverage is the plan that is right for your needs and budget . Most people buy Medicare supplement plan F because that is the only one that is explained to them . In Georgia there are 11 different Medigap plans but there are only 2 or 3 you really need to consider and something other than plan F is almost always a better financial choice .


Input: Which Is The Best Medigap Coverage?

Output: Plan F is the most comprehensive Medigap plan on the market and is very popular . However , depending on your specific needs you may be able save money and get almost identical benefits with a different Medigap Plan . All the Medigap Plans have a letter to tell you what plan it is such as Plan F , Plan J , Plan G , etc. . You will save a lot of time and money by working with an independent agent that specializes in Medigap Plans . They will represent all the major carriers and be able to give you unbiased advice to help you determine which is the best Medigap plan for your needs .


Input: Which Is The Best Medigap Coverage?

Output: Best is a word that means different things to different people . To one , it 's lowest premium . To another , it 's highest coverage . The most popular plan is the Plan F Medicare Supplement . It 's the highest level of coverage you can get . But a Plan G will save you more money than a Plan F 100 % of the time . This is because the only difference between the plans is a $ 146 deductible that is not covered by G . But the premium to go to F over G is always between $ 200 to $ 300 more per year .


Input: Which Is The Best Medigap Coverage?

Output: All Medigap plans with the same letter are identical , except for price . Medigap plan F is the richest and most expensive of the standardized plans . All approved Medicare Part A and B claims are paid in full by your Medigap carrier . If you have plan G , your Medigap carrier pays all approved Medicare Part A and B claims except for your Medicare Part B deductible . Medigap plan N does not pay the Medicare Part B deductible and you are responsible for the remaining 20 % of Part B claims up to $ 20 for outpatient claims and up to $ 50 for ER visits . The best plan for you is the one you can afford that covers the items you need covered . #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans


Input: What Is Voluntary Spouse Life Insurance?

Output: Voluntary spouse life insurance is the part of group life insurance offered to the spouses of employees . Voluntary life insurance is optional , and the employee -LRB- rather than the employer -RRB- pays the premium . Unless the policy is portable for both employees and spouses alike , when the employee leaves the place of business , the voluntary spouse life insurance would end .


Input: Can A Spouse With No Income Contribute To A Roth IRA?

Output: That is a great question ! But I have to admit that I 'm a bit confused . If the spouse has no income , what is there that they can contribute ? There are also limits set upon the amount that can be contributed , based upon your income . You can not contribute more than your declared income , and if your spouse does n't have one ? You can contribute to theirs , however . Talk to your banker , or Roth administrator , and have them walk you through what you want to do , ok ? Thanks for asking !


Input: Can A Spouse With No Income Contribute To A Roth IRA?

Output: There are income restrictions that limit who can contribute to a Roth IRA . If those restrictions are met the spouse can contribute $ 5,500 into a Roth IRA every year . This is a great way to put money into retirement that can be withdrawn income tax free and that includes any growth on the product .


Input: Is Mortgage Life Insurance Worth It?

Output: Whether Mortgage Life Insurance is worth it is a personal value question . Typically Mortgage Life INsurance is a decreasing Term policy that does not have any Cash Value , and eventually ceases all together when the mortgage is paid off . Certainly decreasing term insurance is fairly inexpensive , but while the premiums are higher a Whole Life policy has so many more benefits that I suggest you look into implementing a whole life policy instead . If you have questions about that feel free to contact me .


Input: Is Mortgage Life Insurance Worth It?

Output: Mortgage Life Insurance is paid to the mortgage company , decreases in value as the mortgage decreases , can not be retained or transferred if the mortgage ends or is transferred , is not competitively priced , and often has finance charges on the premium because it is lumped in with the home loan . Using Term Life Insurance to protect a mortgage allows the beneficiary to be whoever you wish -LRB- let them decide if it is in their best interest to pay off the house or keep your low interest rate and use the money elsewhere -RRB- , the face amount stays the same even as your mortgage goes down , is yours to keep after your home is paid off , and has scores of companies competing for your policy so is competitively priced .


Input: How Much Can I Contribute To Retirement Plan?

Output: It could depend on how much you earn , what the plan limitations are and how old you are . If you used a 401k plan , you can contribute $ 17,500 -LRB- providing theres no employer limitations -RRB- and if youre age 50 and older another $ 5,500 . A SIMPLE IRA can contribute $ 12,500 and if youre over age 50 an additional $ 2,500 .


Input: What Health Insurance Accepts Pre Existing Conditions?

Output: Health Exchange plans through the Marketplace cover pre-existing conditions . Because of the Affordable Care Act legislation -LRB- ACA -RRB- , you will not be charged extra for medical ailments and you can not be denied coverage for past or present conditions . An experienced broker will help you determine the best policy , based on your health needs and budget .


Input: What Are Sovereign Annuities?

Output: The term Sovereign annuities is generally associated with defined benefit programs in Ireland . Sovereign annuities are designed to widen the options available to trustees of defined benefit programs . Sovereign annuities generally invest in bonds . The primary difference between sovereign annuities and conventional annuity products is that the agreed payments from the sovereign annuity can be reduced if there is an event of non-performance such as a default or restructuring of the reference bonds .


Input: What Are Ordinary Annuities?

Output: In finance , ordinary annuity is a reference to the timing of the payment coming from the annuity . An ordinary annuity pays at the end of the period . The alternative to this is an annuity due . In the case of an annuity due , the payment from the annuity occurs at the beginning of the period .


Input: Who Can Contribute To An Irrevocable Life Insurance Trust?

Output: Generally speaking , an irrevocable life insurance trust -LRB- ILIT -RRB- is set up my those who wish to fund it , i.e. the grantors . Thegrantorsset up the trust , pay premiums into the trust and the trust purchases life insurance for the trustbeneficiaries The grantors are required to have an arms lengthagreementwith the trust and can not benefit from it directly . Before moving forward setting up an ILIT , consult your estate and probate attorney toestablishyour suitability as grantor .


Input: Who Can Purchase Annuities?

Output: That is a great question ! Annuities are considered to be life insurance products , but they have some notable differences . The first is that unlike insurance , there are no requirements as to your health to purchase one . The second is that in many cases , annuities are paid for in one lump sum , not in monthly increments . The third , and perhaps most important , is that anyone can purchase life insurance , but not everyone can buy an annuity . The reason is that there has to be a `` suitability '' for the sale - the removal of the cash to purchase the annuity can not put you into a position of financial difficulty , or it is not a `` suitable '' '' financial venture . A good insurance company would not allow , for example , a person with a net worth of $ 50,000 to purchase a $ 30,000 annuity , and probably would decline one for an even lesser amount , depending upon the person 's financial state . Please consult with an agent , to see if an annuity is something that would work well for you . Contact me , if you would like more info . Thanks for asking !


Input: Who Can Purchase Annuities?

Output: Anyone who is seeking to defer earnings over a length of time , especially if they 're in a high tax bracket . Tax deferred annuities have three basic crediting methods. : interest rates , index and separate sub accounts using equity and bond investments . Many conservative savers like fixed interest rate annuities because they generally pay more than CDs .


Input: Who Can Purchase Annuities?

Output: Since there isnt a medical requirement , annuities can be purchased by anyone who has the money and the need . People buy annuities as a part of a retirement plan in which case the entire cost may be tax deferred . Others buy non-tax-qualified annuities because they want to accumulate money and defer taxes on the interest . Annuities are even purchased to provide income to settle a law suit .


Input: What Company Has The Cheapest Health Insurance In Iowa?

Output: The cheapest health insurance rates in Iowa will be typically offered by one of the approved carriers on the Marketplace , which was created because of recent legislation . Coventry Health Care and CoOportunity Health will feature individual plans to individuals and families through the Exchange -LRB- Marketplace -RRB- and expect statewide coverage . Other participating companies will be Avera , Gunderson , Sanford and Health Alliance Midwest . So how do you apply for a policy or compare prices ? An experienced broker -LRB- along with their website -RRB- can shop for the best rates , show you the best options and discuss your federal subsidy that could potentially reduce your premium quite a bit . As a broker for more than 30 years , our focus is to help consumers navigate the healthcare waters -LRB- in Iowa or other states -RRB- so they can find the cheapest plans , but also understand what they are purchasing .


Input: Does A Life Insurance Beneficiary Have To Pay Taxes?

Output: The death benefit of a life insurance policy is usually not taxable as long as they are paid to a named beneficiary . There may be some exceptions depending on if your life insurance policy is viewed by the IRS as an investment disguised as life insurance , but this is not the normal situation .


Input: Where Can I Get A Physical Exam Without Health Insurance?

Output: Typically , health insurance plans will provide preventive benefits -LRB- including a physical -RRB- without a waiting period or deductible . And the cost is 100 % covered by the policy . This was one positive change from The Affordable Care Act . If you do n't have health insurance , it is possible that a local government agency will provide a physical . You should check with your county , city and state health agencies and inquire about assistance .


Input: Does Riding A Motorcycle Impact Life Insurance?

Output: The domestic riding of a motor cycle in itself should not affect your ability to secure life insurance coverage as any other potential insured . However , motor cycle racing is a hazardous recreation and vocation subject underwriting flat extras . Also multiple motor cycle moving violations or DUIs , a subject rarely addressed in questions life this , could actually cost the potential insured more money than a convention car owner with the same motor vehicle report .


Input: Does Riding A Motorcycle Impact Life Insurance?

Output: Riding a motorcycle could affect your life insurance . When underwriting a policy and determining your rate , the type of lifestyle you live andhazardoussports and hobbies could impact pricing . However , once the policy is approved and issued , and you haveacceptedthe terms , driving amotorcycle should not in any way impact the policy you purchased .


Input: Does Riding A Motorcycle Impact Life Insurance?

Output: No , riding a motorcycle will not affect life insurance rates unless you race motorcycles . Your life insurance application will not ask whether you own or ride a motorcycle . If you do participate in motorcycle races , you will need to fill out a form that asks how many races per year , how fast you go , etc. . The rate may or may not be impacted by that information .


Input: Can I Get A Life Insurance Policy On My Ex Husband?

Output: Can you get a life insurance policy on your ex-husband ? Yes , only two ways though . The first is he has to agree to be covered . Maybe establish a trust for the kids upon death if the ex is worried about setting up the ex too well . The other way is through court order . A good lawyer will make this part of the divorce proceedings .


Input: Can I Get A Life Insurance Policy On My Ex Husband?

Output: The time to secure coverage was during the financial negotiation of the divorce . If your ex is cooperative , which means obtaining his signature as the insured , you can secure coverage that way . Another way is setting up a trust for the benefit of his children with a third party trustee , who will disperse the death benefit proceeds to children via the dictates of the trust . Seek legal advice for the best approach to use with your ex .


Input: How To Get Your Health Insurance To Pay For Ivf?

Output: Health insurance covers procedures and treatment that is considered medically necessary . IVF is not considered medically necessary and in most cases is not a covered expense . There are exceptions where local regulations mandate coverage for IVF . Check with your state Dept. of Insurance for clarification . Some employer group plans may cover IVF .


Input: Will Medicare Pay For Skin Removal?

Output: Medicare will only provide coverage for this if it 's deemed medically necessary . If you 're just trying to have excess skin removed for cosmetic purposes , you 're going to be paying for the procedure out of pocket . If it is medically necessary , Medicare will cover some of the costs , but not generally not all -LRB- likely up to 80 % with you responsible for the other 20 % -RRB- . I would make sure you have a Medicare supplement -LRB- Medigap -RRB- plan as well to cover any portions of expenses you 're responsible for -LRB- and any excess charges if your doctor does not accept assignment -RRB- . If you 'd like to review options for Medicare supplement plans in your zip code , send me a message by clicking on the `` contact me '' button and I will go over the available options with you .


Input: Will My Home Insurance Cover My Mobile Phone?

Output: Your home insurance policy will provide coverage for your mobile phone under the contents limit of the policy , but : 1 -RRB- the loss or damage to the phone must be the result of a covered peril -LRB- cause -RRB- . The phone is destroyed in a house fire - covered . Your 6-month old German Shepherd chews it to bits - not covered . 2 -RRB- the damage will be subject to your contents deductible , which is typically $ 500 or more . So , even if the phone is technically covered by the home insurance , the benefit you receive from that insurance will likely be little or nothing .


Input: Is Renters Insurance A Requirement?

Output: Generally speaking , renters insurance is not a requirement by law however , the apartment or home you are renting , the landlord can make this a requirement in order to lease or rent . It is a good idea anyway . The cost is inexpensive but the coverage may be critical . Be sure to look at the type of insurance you are purchasing . I recommend a policy that will provide you the replacement value versus the current value of your stuff . Keep a good inventory as well .


Input: How To Change Medigap Policies?

Output: You can apply for a new Medigap plan at any point during the year . People often change their Medigap plans for a number of reasons , the most common being : You want to reduce your expenses by securing a lower premium from a policy with the same benefits -LRB- purchasing a Plan F with company B and dropping the existing Plan F with company A -RRB- . - this is the most common reason why people change their Medigap plans . Medigap plans are standardized so the coverage under a plan F is the same regardless of the company it 's through . So often people want to look at lowering their premiums when their policy gets hit with a rate increase . You may not need/want all of the benefits you 're paying for or you need/want more benefits than you have under your existing plan . Please note , if you do not have a guaranteed-issue right to purchase a Medigap plan without any medical underwriting , you would have to answer the health questions on the application . Medigap plans are guaranteed renewable . So in the event you could not medically qualify for coverage under a new Medigap plan , you always have the option of keeping what you have . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage , including quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: How To Change Medigap Policies?

Output: You can change your Medigap policy anytime of the year that benefits you . The best thing to do is to contact an independent agent that specializes in Medigap Plans . A good agent will be able to show you what 's available and if you can improve coverage or save money . We make the process very easy for our clients . We always suggest never canceling your old policy until you know your new policy has been issued . Plans and rates change all the time so it 's a good idea to speak with an agent every few years to see if your plan is still the best fit for you .


Input: Why Does Health Insurance Exist?

Output: Health insurance came into being to help pay for catastrophic -LRB- large -RRB- medical claims . Initially health insurance plans only covered inpatient hospital stays . Over time some medical care that could only be handled as an inpatient became available on an outpatient basis . Also , new prescription drugs were developed to treat illness that earlier had been considered incurable . As these new -LRB- and quite expensive -RRB- drugs came on the market health insurance was expanded to cover outpatient services including Rx , extensive diagnostic testing such as MRI and CT scans and outpatient surgery .


Input: Can You Cash Out A Variable Life Insurance Policy?

Output: The short answer is yes . However , they often have surrender charges that may last up to 10 or even 15 years . Your most recent statement should have a column marker ` surrender value ' which will show you the amount of money you get if you cash that policy out . Keep in mind that if you cash out a life insurance policy for more than you paid in it could create a taxable event . You should discuss this with your tax professional . The bigger question is why are you cashing in the policy . There are alternatives to do so . You could transfer -LRB- 1035 exchange -RRB- the cash value to another policy that will better fit your needs . You could leave the cash value in the policy to help offset premium costs and expenses . You could take a loan against the cash value in order to keep the policy in place and not create a taxable event but there are interest charges for having a loan . If you want to explore other options I recommend you talk to an independent insurance specialist who can help you evaluate these different options with your situation to see which one fits best . You may need to obtain a couple of inforce illustrations from the insurance company to show how the policy is currently performing and how making changes to the policy may affect performance .


Input: What Is Plan C In Medicare?

Output: Plan C in Medicare Supplemental policies is simply a plan that offers its own set of options , as do Med Supp Plans A to N. Part C in Medicare is also called Medicare Advantage . Part C is a combination of Medicare Part A , Part B , and usually , Part D .


Input: Does Renters Insurance Cover All Tenants?

Output: Renters insurance will typically only cover the insured and the insured 's immediate family that reside with the insured . If you have other people that are living with you that are not direct relatives , they should each have their own coverage to ensure that they are properly protected . Renters insurance is typically an inexpensive coverage .


Input: Does Renters Insurance Cover All Tenants?

Output: Renters insurance coverage is for the named insured and immediate family members living in the same residence -LRB- there may be some exception or exclusions -RRB- . If there is more than one person in the residence and they are not related then each person would be expected to have their our renters insurance policy . Every policy is different . Please read over the policy fully to make certain of the coverages provided or call your local agent to discuss what coverage is provided by your policy .


Input: How Much Is Home Owners Warranty Insurance?

Output: Hi , We have a couple companies that add this on , in the states we write homeowners in : AZ , CA , TX , GA and MO. . The coverage you ask about is probably most competitively priced by Safeco in our areas of operation . This is priced at $ 2 per month in Georgia . We as agents find this a nice add on feature on homeowner policies . It is nice in a couple ways : Safeco does not consider the claims as homeowner claims -LRB- such that they are not in Clue reports -RRB- also there is a deductible of $ 500 despite a higher deductible that will likely exist for the policy over all . What can I say , we like doing business with Safeco anyway , but this feature seems to always get the attention of consumers who have nothing like that now .


Input: What Is Defined Benefit Retirement Plan?

Output: A defined benefit pension plan is an employer/sponsor pension plan which promises a specified monthly benefit on retirement based on the employee 's earnings , years of service and age . The public sector uses defined benefit plans , whereas the private sector uses defined contribution plans . The investment performance can vary and cause plan deficits in protracted down years of the market . Hopefully market gains out pace market losses .


Input: How Long Does It Take To Get Life Insurance?

Output: The time it takes to get life insurance is from a few hours , to a few months . If you apply for a No Exam policy with a company that does not order medical records , the processing time is usually a few days to a few weeks . Some are put into effect shortly after applying via phone interview . If you apply for a policy that requires paramed exam and medical records , the amount of time that it takes to go into effect will depend on how soon you take the exam , and how soon your medical records come in . The underwriter usually waits until everything is in before reviewing your case . If at review time , he or she finds that you had seen another doctor , they might order additional records , which causes further delay . It is helpful to list all the doctors you have seen in the past 5 years on your application , or else even collect medical records yourself , in order to get your policy in effect ASAP .


Input: How Long Does It Take To Get Life Insurance?

Output: Getting life insurance can take from one day to several months . If you are getting a policy that does not require a physical and that can be signed digitally , it can be in effect in as short as a day . If you are applying for a large policy and have health conditions that require the gathering of medical records , the process can take much longer . The determining factor is often how quickly the doctor records are received , how quickly the exam is completed , and whether the underwriter adds additional requirements after doing their review .


Input: How Long Does It Take To Get Life Insurance?

Output: Video Transcript : Today 's question is , How long does it take to get life insurance ? Well , generally speaking , it takes about 60 days . You 're going to have to fill out an application . You 're going to have to take a paramed exam . They 're going to order attending physician statements from your doctor . So when you do full underwriting , it takes between 60 days , and sometimes , depending upon if the carrier is very popular , it could take longer , up to 90 days . Keep in mind , if you do n't want to go through the full underwriting process , you could do simplified issue or you could do guaranteed issue . That would cut the time down . What you 're giving up by doing that is , without full underwriting , you 're just going to be used ... the boilerplate that they 're going to use for simplified and guaranteed is not going to be as cutting edge from a price point of view . You 'll probably wind up paying a little bit more . But if you want to really expedite your issue and get your policy in place , those two ideas could be a way to go .


Input: How Long Does It Take To Get Life Insurance?

Output: Life insurance companies often say to allow two months , but you can get the proceeds much sooner than that . State regulators set a limit on how long a normal death claim processing should take , so they try to make payments as expedient as possible . It helps to obtain the paperwork quickly and fill it out accurately , and send to the company with a certified death certificate as soon as you can get one .


Input: Does Liberty Mutual Have Life Insurance?

Output: Liberty Mutual offers life insurance issued by Liberty Life Assurance Company of Boston , MA . The type of life insurance products that are offered by Liberty Life are Term Life , Whole Life and Universal Life . To compare the price of life insurance from Liberty Life with the price of life insurance offered by other companies , call an agency that carriers several products or find a website on the internet that will compare rates for you .


Input: Can You Take A Life Insurance Policy On Anyone?

Output: You can not take a life insurance policy on anyone , just those with whom you have a financial interest . This means that if they were to pass away , you would suffer a financial loss , or emotional toll to the point that it has a limited financial value -LRB- as would the death of your child -RRB- . The amount of life insurance you can take out on that person is constrained by that financial interest , and they need to sign the application in order for you to purchase the policy on them .


Input: Does Geico Do Life Insurance?

Output: GEICO does not offer their own life insurance policy , but refers visitors to another website that will provide them with life insurance quotes from non-affiliated insurance carriers . The coverage is not written through GEICO but is secured through the GEICO Insurance Agency , Inc. . You can also find quotes for life insurance that compare the prices of multiple carriers on any website offering free quotes .


Input: What Is The Cost Of Critical Illness Insurance?

Output: The cost of a $ 50,000 critical illness policy averages approx $ 50/mo for 40 year old person in the Midwestern US . That same policy averages a premium of about $ 150/mo for a person aged 60 , and only about $ 20/mo for a 20 year old . You are able to purchase more than $ 50,000 in the middle aged years .


Input: What Is The Cost Of Critical Illness Insurance?

Output: It depends on gender , age , smoking status and existing health conditions as well as medical history . Benefits can range from $ 5,000 to $ 50,000 Lump-Sum Cash Premium Payment . Here are some single lump sum premium estimates on nonsmoking male and females for a $ 50,000 benefit : Male Age 40 $ 710 - $ 750 Female $ 510 - $ 550 Male Age 45 $ 915 - $ 955 Female $ 665 - $ 715 Male Age 50 $ 1,165 - $ 1,199 Female $ 795 - $ 840 Male Age 55 $ 1,430 - $ 1,475 Female $ 920 - $ 960 Male Age 60 $ 1,665 - $ 1,715 Female $ 1,050 - $ 1,125


Input: When Can I Sign Up For Medicare Part B?

Output: Most people will automatically be enrolled in Medicare Part B when they turn age 65 . If you are covered under an employer group health plan you may wish to delay enrollment in Medicare Part B . If you delay enrolling in Part B and do not have a valid reason you may be charged a late enrollment penalty .


Input: When Can I Sign Up For Medicare Part B?

Output: You will enrolled for Medicare Part A automatically when you turn 65 . If you are receiving Social Securiy you will be enrolled in Part B automatically and Social Security will start deducting your Part B premium from your monthly Social Security Benefit . If you are not receiving Social Security benefits Medicare will notify you 4 to 6 months prior to your Medicare open enrollment period that you are eligible for Medicare the first day of your birth month on your 65th birthday . Your Open Enrollment Period is a 7-month period beginning 3-months before your 65th birthday and 3-months after . You can reply to the Medicare enrollment reminder to enroll you in Medicare or you can decline Part B . If you are not receiving Social Security benefits you will have to pay the first 3-months of your Part B premium by check or money order . You can decline Part B without penalty as long as you are enrolled in an qualified employer health care plan . If you are not enrolled in such a plan you will be penalized 10 % each year when or if you apply for Part B . You can also use the Medicare.gov website to enroll online .


Input: Will Home Insurance Cover Leaking Pipes?

Output: A slow leaking pipe may or may not be covered by your homeowners insurance . You need a `` sudden , unforeseen occurrence to trigger coverage . Having said that , most Homeowners Insurance companies will cover a pipe burst as long as it was n't from a pure maintenance issue . The damage to the surrounding building and personal property should be covered but the pipe itself will not be covered . Fortunately most of the damage usually comes from the water damage and not from the pipe itself . Always check your policy and speak with your local independent agent to verify your specific coverage forms & endorsements . Hope this answer helps .


Input: Will Home Insurance Cover Leaking Pipes?

Output: Typically no . How water damage coverage works is your walls , floors , ceiling and personal property will be covered by leaking pipes . This means if a pipe bursts your everything else except the pipes will be covered . Now there are a couple of exceptions to this , one if your home is vacant for 90 days or more ; or if you do n't heat your home properly and the pipes freeze . I said typically because you can always buy back the coverage , meaning you can spend a little extra money to make pipes a covered item in your policy . However , this is usually not a great concern for people because there is coverage to replace everything else , and tear apart and the area where the leak occurred . You are just left with the bill for the pipes and replacing them . Hope this helps .


Input: Does A Will Trump Life Insurance?

Output: Unless the will or trust is directly referenced in the beneficiary section of a life insurance policy , then no , a will does not trump a life policy . These are two separate legal documents that only tie together if the life policy cites the will in it 's beneficiary section . The life policy would pay out to whomever is named as the beneficiary .


Input: Does A Will Trump Life Insurance?

Output: It is generally the other way around . The beneficiary of a life insurance policy will receive the death benefit at the death of the life insured . It is common for the spouse to be named as the beneficiary in a life insurance contract as it allows the death benefit to pass directly to the spouse without the need for probate . Its effect generally supersedes anything that a will or trust might say . At the death of the insured , the beneficiary simply produces the death certificate , and the beneficiarys interest in the benefit vests immediately and absolutely . That direct , absolute , and nearly immediate access is a powerful planning advantage . And , in most cases , the amounts paid directly to a beneficiary are not subject to the claims of creditors of the decedent .


Input: Does A Will Trump Life Insurance?

Output: No , a will does not trump life insurance . In fact , the insurance proceeds could be collected by the beneficiary listed in the life insurance policy before the will is even read . Life insurance money left to a beneficiary does not have to go through probate unless it is left to the estate or there are no living beneficiaries listed on the policy .


Input: Can paid for life insurance be canceled?

Output: Traditioanlly , If you canceled a permanent life insurance policy , the carrier would need you to either sign paperwork acknowledging you want to terminate the coverage or they record the phone call -LRB- think of the latter as like a voice signature -RRB- . If there is cash value inside a permanent life policy and the policy is canceled , you are cashing it out -LRB- less any surrender charges or outstanding loans against the policy , if applicable -RRB- . Did he receive a check for any cash value or did the carrier indicate they were sending monies ? How old was the policy and what age was he when he took it out ? If all routes to put the old policy back in force are exhausted , then you may want to look at an alternative course of action . An option to consider to secure new coverage is to use the monies received from the cashed out whole life policy to put towards the premiums for a new policy to substantially reduce the premiums that would be needed for the coverage . If he is much older , then you may want to consider a Guaranteed Universal Life policy instead of a whole life policy . Guaranteed universal life minimizes the cash value buildup to minimize the dollar spent per $ 1,000 of coverage . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: Can paid for life insurance be canceled?

Output: Can a paid for life insurance policy be cancelled ? Yes , by the owner of the policy . You do not mention which state you are in which is unfortunate . The first call should have been to the state office of the insurance commissioner to see if you could reverse the cancelation request . Is there a possibility that your father also cashed the check ? If the check has not been processed , there is a possibility , however slight . Unfortunately your father let the company off the hook unless your state has a grace period for cancelations the company has no requirement to take him back .


Input: Can paid for life insurance be canceled?

Output: You referred to your father living in PA at the time that he cancelled the policy . Did he move shortly after canceling it ? If so , the insurance company may have tried to send the cash value from his policy to him , but did not have his new address . I would start by calling the company . It is likely there was cash value in a paid up policy , and it should go to your father .


Input: Can paid for life insurance be canceled?

Output: The money is legally your father 's , and he should be able to get the cash value upon request . How much he has built in cash value depends on how old he was at policy inception , how long he has had the policy , and how much premium has been paid on the policy . Yours is an issue that your agent may or may not be able to resolve ; I would suggest you give him or her the chance to do so .


Input: Can paid for life insurance be canceled?

Output: The simple answer is yes . If a permanent life policy is fully paid for the owner may take the surrender value of the policy and cancel the policy . Depending on the type of permanent insurance it is it may have accumulated cash value in addition to the benefit amount , which would impact the surrender value . I ca n't imagine anyone telling an insurance company `` Cancel my policy and keep all the money '' !


Input: Can paid for life insurance be canceled?

Output: That is a great question ! My advice would be to contact the company and ask where they sent the cash value for the policy , and / or if it could be reinstated . If it was indeed a whole life policy , and not a term policy , there should be a sizable amount of cash that is due to your father -LRB- assuming he 'd not borrowed from it -RRB- and they would be obligated to return it to him . If it was a term policy , there would have been no cash value , and the policy would have ended . If they will reinstate it for you , there will be a bit of paperwork , and back-owed premiums that will have to be paid , and please understand that for whatever reason , insurance companies are much more brutal about reinstating than they are just issuing a new policy . It may not hurt to have an attorney ... Good luck , and thanks for asking !


Input: When Can I Use My Roth IRA?

Output: Any IRA , including the ROTH IRA is designed to use after age 59 1/2 otherwise you may have a 10 % penalty assessed . You certainly have access to your IRA at any time and in some cases , for `` hardship '' you can withdraw monies prior .


Input: What Will Be The Medicare Premium In 2014?

Output: No one knows yet , what the Medicare premium will be for Part B in 2013 . The projection of the average premium for Medicare Part D in 2014 is $ 31/month , which is just $ 1/month higher than it has averaged for the past three years . The Medicare Part B premium in 2013 is $ 104.90 / month for those with modest incomes .


Input: What Is My Whole Life Insurance Policy Worth?

Output: What is your whole life policy worth ? In what way do you mean ? Could you be referring to the worth a whole life creates by the peace of mind it brings ? the fact that the insured controls the policy not the company ? The worth of having a policy that will see you all the way through ? Or are you asking about cash values ? For cash values , simply call the customer service department and ask them what the balance is ...


Input: How Much Disability Insurance Should I Carry?

Output: Disability Insurance benefit is based on your current monthly income . You should calculate how much your current monthly expenses are and determine the net benefit needed . If you have Disability Insurance through your employer then you will need to determine if the benefit is pretax or post tax . A pretax benefit paid by your employer means that you will be taxed when you receive benefits . Your net benefit would be substantially lowered after you pay taxes . You can supplement your work policy with an Individual Disability policy to make up the difference to meet you monthly expenses . An Individual Disability policy is underwritten by the company so will have to qualify based on health , age , tobacco , your occupation , and amount of your monthly income . Each company will have limits as to how much of your income you can cover with your policy . The percentage is usually between 67 % and 70 % . You should work with an Independent Agent and determine the best option for you . They will need to know your expenses , income , and the amount of benefit needed . The Agent will need to look for the company that best fits your desired benefit .


Input: How Much Disability Insurance Should I Carry?

Output: How much of your current income does it take to pay your bills now ? You should have at least that much Disability Insurance , if you can get that much . Everyone knows that when someone undergoes an injury or illness major enough to cause a long term disability , there are probably going to be some lifestyle changes made to compensate for the extra expenses and loss in income . But you want to purchase enough Disability Insurance to at least pay the important bills so that your home and other basic needs are covered .


Input: How Many Life Insurance Companies Are There In The US?

Output: Does it really matter how many there are , but rather which are the largest and highest rated and oldest ? I would suggest you check out the top few and decide for yourself who makes you feel comfortable . New York Life is America 's oldest , largest , and highest rated life insurance company . We have been around for 160 years .


Input: How Many Life Insurance Companies Are There In The US?

Output: Wikianswers says at last count there over 2000 companies selling life insurance in the US . That does not mean they are all domesticated-meaning they are not foreign but rather US - and neither does that answer what types of life insurance policies they offer nor does that answer what their financial strength is nor their history of paying claims nor their forecast for continuing to meet financial requirements going forward


Input: What Is Medicare Blue PPO?

Output: Medicare Blue PPO is a Prefered Provider Health Insurance or Medicare Advantage Plan offered by one of the Blue Cross / Blue Shield family of companies . With a PPO you can go to any doctor who accepts Medicare but you pay lower copay 's if you stay in the network . Many companies offer PPO 's .


Input: What Is Annual Renewable Term Life Insurance?

Output: I am in agreement with the answers above , but will add that not all Annual Renewable Term Life Insurance guarantees renewability for the following year without some health underwriting . In fact , most ART policies are only guaranteed renewable for a set number of years , which can be as short as one or three .


Input: What Is Annual Renewable Term Life Insurance?

Output: That means that the policy automatically renews each year without any underwriting . Typically all term products have the annual renewable option . The pricing is dependent upon which product you choose . If you select a 20 year term policy , the premium is the same for 20 years and then the policy will automatically renew at the premium required at the age you are after 20 years . If you have a life insurance illustration from your agent , you will see what the premium is every year even after the `` term '' has expired .


Input: What Is Annual Renewable Term Life Insurance?

Output: Annual renewable term life insurance or ART as it is known by the life insurance industry allows a person to purchase the maximum face amount at the lowest premiums . These policies automatically renew without proof of insurability every year . However , these policies have an annual increase with age . The older a person becomes the steeper the increases become .


Input: What Is Annual Renewable Term Life Insurance?

Output: That is an excellent question ! There are a lot of great answers above , but I 'll give it to you in plain English : It 's insurance speak for `` We will take your money until you go broke and lose your coverage '' . Simply , that is what will happen . A term policy with this tag is marketed to you to make you think that it will last beyond its set term . It will , but look in your policy at the annual payment section . See how dramatically it rises ? Bet after the second year it 's become unaffordable , and you drop the policy ... Part of the reason I do this website is because of the insurer who hooked me with one of these policies back before I understood what she was selling me , and am doing my best to keep others from being hooked like I was . There are better policies out there , I promise you , and I 'd advise you to seek a second independent agent for alternatives . Thanks for asking !


Input: What Is Annual Renewable Term Life Insurance?

Output: Annual renewable term life insurance means that the premiums for a policy are not guaranteed and will increase each year -LRB- based on age -RRB- by a good margin -LRB- often a substantial increase -RRB- even though you can technically keep it going til the coverage end date -LRB- e.g. 95 -RRB- . In short , you likely would not keep the policy going beyond the first couple years -LRB- if at all -RRB- due to the sheer expense of the program . When you 're buying term life insurance , you want to set up a policy that features a level term guarantee -LRB- meaning you 're paying the same premium for a set number of years - e.g. 10 years , 15 , years , 20 years , 25 years , or 30 years -RRB- . The longer the term guarantee , the better -LRB- even though it does cost more to secure a longer term guarantee , it can provide much more cost savings over time the longer you live -RRB- . If you want to guarantee the premium remain fixed and guaranteed for the rest of your life , you would want to set up a permanent insurance policy -LRB- either a universal life or whole life poilcy , depending on coverage needs -RRB- . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: What Is Annual Renewable Term Life Insurance?

Output: Annual renewable term has two elements . It provides life insurance protection for one year and it promises to insure you again for a subsequent year . Most companies include the renewal rates for each policy year in the policy itself . If you know when you will die , an ART policy might be the best fit .


Input: What Is Annual Renewable Term Life Insurance?

Output: Annual renewable term is a Term Life policy that will allow you to renew it each year without having to go through additional underwriting or medical exams . It does not guarantee that the premium will remain the same . In fact usually the illustration will show you the scheduled increases in premiums per year or per 5 years . It also does not guarantee that you can renew it every year forever ! Most term policies will not allow you to renew past age 75 no matter what you are willing to pay .


Input: How Does Homeowners Insurance Work?

Output: A company is formed under the laws of a state and under the direction of the insurance commissioner of that state to provide property insurance . There is a great deal that could be said about that process but the company is basically formed because there are many people who want protection should something untoward happen to their home . If these people knew each other they could form an association and provide for the losses of members of the association on either a pre-payment or as losses are incurred basis . This is the basis of fraternal insurance . These types of associations are getting a new life in the health insurance field . However , most of these people who want coverage dont know each other and it is therefore the function of the company to pool these risks . In the practical world there is an organization known as Insurance Services Office -LRB- ISO -RRB- that provides forms that a company can either use or modify . These forms comprise the coverages that the insurance company extends to the risk pool . The basic coverage is fire with wind and hail damage being the next most popular coverage . Since there are many things that are beyond the control of the homeowner and there is measurable information about potential loss , the company will add coverages that are desired . Using the ISO forms allows them to add coverages quickly and easily . There are some losses that the pooled risk doesnt want to accept . These are then made into exclusions by the insurance company . The most common exclusions are for earth movement -LRB- earthquake -RRB- and flood . Even though each year there are major losses to these risks , companies generally only provide that coverage if required . The flood risk is so great that a governmental program is available . These coverages are bound together with liability coverages and other coverages to form a package policy which the company normally calls a homeowners policy . The package is then made available to licensed and appointed agents and brokers in the state where you live . The insurance commissioner supervises the operations of these companies for the sole purpose of making sure that the companies can keep their promises . The brokers and agents then offer the policy to a prospective homeowner . Often there are optional coverages available . With these optional coverages the broker or agent can put together a plan that meets your needs and remains within your budget . The most important aspect of this process from the agent or brokers perspective is the selection of limits . Most insurance companies require an independent evaluation of the cost of rebuilding the residence . That figure is the limit of coverage that the company is likely to accept . This limit may have very little to do with the sale price . Because the policy is a package the limit on the residence determines other coverages on the basis of a formula . The personal property for example is a percentage of the residence coverage as are other coverages . If the personal property of the customer is greater than the limit stated in the normal policy additional coverage can be purchased from the insurance company . Most policies have internal limits on specific types of property , jewelry , furs , art , weapons etc. . Additional coverage for these items is normally available at an increased charge . This happens frequently with guns . Jewelry coverage is often available only when there is an appraised value available . The application for insurance is then underwritten . In this process the company reviews the property and determines if the property falls within the standards that were used when the rates were developed . Usually they are looking for things that would disqualify the residence such as aggressive animals , unfenced swimming pools , poor condition of the property , trampolines etc. . After the policy is underwritten it is then issued and paid . Then the company is obliged to pay for damage to the property from any of the perils mentioned up to the limits of the policy .


Input: How To Apply For Veterans Life Insurance?

Output: To apply for Veterans Life Insurance , you can go to the benefits.va.gov website . However , keep in mind that you must apply for VGLI -LRB- Veterans Group Life Insurance -RRB- shortly after departing from the service . You are only qualified for VGLI by converting SGLI -LRB- Servicemembers Group Life Insurance -RRB- to it within a certain time frame .


Input: What Are Lifetime Annuities?

Output: Lifetime annuities are annuities that pay the annuitants monthly payments for the rest of their lives . The annuity can be an immediate annuity , where a lump sum is used to purchase the annuity , and payments begin right away . Or they can be deferred annuities , where money is put into the annuity over a number of years before the annuity is annuitized . The annuity can be fixed , with guaranteed fixed payments . Or it can be variable , which may generate higher or lower payments than a fixed annuity . When the annuitant dies , the payments of a lifetime annuity end . If the annuity holder lives longer than expected , they can do very well with a lifetime annuity . If they live a shorter than expected , that is not favorable to the annuity holder . However , some contracts allow payment of an amount equal to the initial investment to the beneficiary .


Input: What Are Lifetime Annuities?

Output: Tax deferred annuities can be be annuitized for life or immediate annuities with a life option on the annuitant . Non-qualified annuities also have a feature that allows basis to be amortized to life expectancy as part of the annuity payment until its exhausted . That feature is an additional benefit for guaranteed income you ca n't outlive .


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

Output: Generally speaking , the state will revoke your driver 's license . In order to reinstate your license you 'll need to provide proof of coverage , which is done most frequently by providing the Department of Motor Vehicles with form SR-22 . There will also likely be a fine that you pay to reinstate you license .


Input: Can A Person Have Two Health Insurance Plans?

Output: Yes , a person can have tow health insurance policies , but it rarely pays to do so . Since insurance is intended to protect someone from a possible catastrophic loss , it is not designed to allow someone to profit for being sick or ill . As such , if someone has two health plans , the insurance companies would `` co-ordinate '' benefits to determine which company is the primary payor . The other company would then provide benefits , based on the terms of your policy , until all bills are paid in full . Any `` unused '' benefits would not be paid to the policy holder .


Input: When Is Life Insurance Worth It?

Output: When is life insurance worth it ? I suppose that depends who you ask ! If you ask the insured , the answer may be never since they never see the proceeds . Of course , the peace of mind they get knowing loved ones are protected may make the purchase `` worth it . '' Beneficiaries that are able to replace lost income or pay estate or other taxes , may also feel it was `` worth it . ''


Input: What Is A Term Life Insurance Policy?

Output: Generally speaking , Term Life Insurance lasts for a `` term '' of time , whereas Whole Life Insurance lasts your `` whole life '' . Term life insurance usually stays the same price for a set number of years , then it ends , or else it goes way up in price . Because of that price increase , most people buy a new term policy when the term is up , if their health allows . Some term policies allow you to convert them to permanent insurance before the term ends .


Input: What Is A Term Life Insurance Policy?

Output: Great question ! A term policy is a low cost , policy that covers a defined period of time - your insurance at work is a one year term policy , for example , which is why you have to enroll each fall . The terms are typically 5,10,15,20 , or 30 years , and usually the price is steady throughout the term period . Once your term ends , so does your coverage . This is the opposite of a `` whole life '' policy , which will last as long as you do . If you would like more information , please contact me , I 'd be happy to help . Thanks for asking !


Input: What Is A Term Life Insurance Policy?

Output: A Term Life Insurance policy is , simply stated , one that provides life insurance protection , usually for a certain period of time , without any `` bells and whistles '' like cash accumulation benefits that are found in Permanent Life Insurance products.In short , it is low cost pure protectionfor you and your family .


Input: Will Medicare Pay For The Lap Band Surgery?

Output: Medicare will pay for lap band surgery if the patient 's BMI is over 35 , if the surgery has been deemed medically necessary due to other failed treatment , if there has been a psychological evaluation indicating that lap band surgery could be successful , and if the obesity has existed for some time . One of the keys as to whether Medicare will pay for lap band surgery is if there exists a health condition related to the patient 's obesity . If the obese individual is not suffering from sleep apnea , type 2 diabetes , hypertension , or other weight related conditions , Medicare will not pay for lap band surgery .


Input: Why Do I Need Business Insurance For My Car?

Output: If your car is registered in a business name you would need a business auto policy to properly insure and protect both your auto and your business . Insurance must be in the same name as registered . I see many people set up corporations and register their auto in the corporation and then try to insurance there vehicle on their personal policy . Why have a corporation at all if you want to be sued personally in the event of an accident . All you serve to do is rip down any wall of protection you were tying to build .


Input: Why Do I Need Business Insurance For My Car?

Output: Business insurance for your car may required if your personal vehicle is registered in your business name or if the vehicle is registered in your personal name but is used for business . A case in point is people who register their vehicle in their personal name but use it to transport passengers for hire , like Uber , Lift and rest of ride sharing outfit . Almost all insurance companies will void your auto insurance when they receive notice that the vehicle use has changed from personal use to transportation for hire .


Input: What Does Car Insurance Excess Cover?

Output: I would assume by the name of this coverage that it is providing coverage for your vehicle if you are involved in a collision , but I can not be certain with out reading the policy . Please read your policy completely to know what coverage is provided by the policy and any exclusions that may be contained within it or contact your local agent to have them go over the policy with you .


Input: Can Hsa Pay For Long Term Care Insurance?

Output: Yes , HSA can pay for the premiums of tax qualified Long Term Care Insurance . A Health Savings Account , even if part of an an employer sponsored cafeteria plan , is allowed to pay for medically qualified expenses , and Long Term Care premiums count as that . There are limits set by the IRS on how much can be paid by the HSA for LTC premiums , based on age .


Input: Can I Have Auto Insurance In Another state?

Output: That is a great question ! The answer is you really do n't want to . First , most States will require that the car be licensed and registered in the same State , and levy fines or license suspensions if they find it is n't . The insurance company will more often than not deny a claim , or even cancel your policy if they find that you misrepresented where the car was being used . All in all , it 's not a good idea . Thanks for asking , though !


Input: is it better to split business with another agent by paying them app fees or a split of the commission. What are the good and bad of paying app fees?

Output: That is a great question ! Typically when I split business , I split the commission . The reason is that I wanted the agent who shared in the business to feel that their effort in getting the business written was compensated properly , and appreciated . If the person getting you the apps knows the type of commission that you will receive for writing the business , and then receives from you a thank you and a very small fee by comparison to your commission , what is their incentive to give you more business ? In our line of work reputation is everything , and having one as a person who appreciates and rewards beats the pants off one of being greedy and selfish.If you would like info on percentage splits , please inbox me . I hope that helps , thanks for asking !


Input: Which Medigap Plan Is Best For Me?

Output: In order to determine what plan is best for you , I would need to know more about you such as your age , gender , any tobacco usage , married or single -LRB- determines availability of a household discount on rates -RRB- , medical history -LRB- if outside open enrollment period -RRB- , and other factors to provide accurate figures and suggest a proper course of action that best serves your needs . For the overall populace , the most comprehensive -LRB- and most popular -RRB- Medigap plan is plan F as it covers all Medigap benefits at 100 % . Plan G is the second most popular plan because it 's identical to plan F except it does n't cover the Medicare Part B deductible -LRB- $ 147 in 2014 -RRB- . So how do you decide between the two ? It comes down to price . Since Medigap policies are standardized -LRB- meaning a plan F from company A is the exact same plan F from company B -RRB- , the only difference between the coverages is the price you pay for them . With the only difference between plans F and G , if the annualized premiums total more than a difference of $ 147 , then plan G offers you the better deal - if the total is less than $ 147 , then plan F is the better deal . I hope the information is helpful - please feel free to contact me if you have any questions , including quote requests , plan comparisons . Thanks very much .


Input: When Does Medicare Cover Home Health Care?

Output: To get any type of Home Health Care from Medicare requires the need for skilled care such as occupational , speech or physical therapy for a very limited amount of time generally after a hospital stay of at least 3 days not counting day of discharge . Medicare does not pay for custodial care Custodial care is assistance with bathing , cleaning the home , assistance with meals and other activities of daily living .


Input: Can You Apply For Medicare Part B Online?

Output: You can apply online for Medicare Part B . You can accomplish this in different ways . You can go directly to the Social Security website and complete the short online paperwork . You can also go -LRB- in person -RRB- to a Social Security office in your area . Typically , it should not be far away . You can also call -LRB-800-RRB- 772-1213 . And of course , working with an experienced broker with the help of a reputable website will also make the process much easier . Do n't worry . Brokers do n't charge fees .


Input: When To Pay Homeowners Insurance?

Output: Homeowners policies are traditionally paid directly by the insured , or by the mortgage company from impounds collected each month from the mortgagee as a part of the monthly payment . The premium itself is due on the first day of the policy , regardless of who is responsible to pay it . When a policy is not paid promptly , the policy can be cancelled and a replacement policy might require a new underwriting procedure to assume coverage .


Input: When To Pay Homeowners Insurance?

Output: Many banks will require that you pay the first years homeowners insurance in full at closing . Once you close on the home they will collect the estimated amount of monthly insurance in your escrow account to be dispersed the following year . Similar to your property taxes . If you are n't using an escrow account the insurance company or agent will have different billing options for you . Our office recommends using an automatic EFT bill plan . This will help avoid the chance that you miss a bill and have your insurance cancel . Hope this answer helps


Input: Much Is SR22 Car Insurance?

Output: An SR22 is n't insurance . It is a state filing that attaches onto an auto insurance policy . an sr22 is a guarantee that you are carrying at least the state minimum auto insurance liability coverage . thus the cost of an sr22 can vary greatly , because it is highly dependent of your auto insurance rate . Things such as what vehicle you are driving , what coverages you need , your driving record , your age , and other things all go into that rating .


Input: Do You Need A Driver License To Get Car Insurance In Montana?

Output: There are many carriers that can insure you with out a license and it is not was expensive as you think . some carriers will give you a unverifiable driving record charge till you get your license but once you get your license the rates lower . There are many agents that can offer this coverage Call your local agent or fee free call us 24/7


Input: Can Car Insurance Be Paid Monthly?

Output: Each insurance carrier has its own payment options . Most of the carriers do allow monthly payments , but charge installment fees . The amount of the installment fee may vary depending on the payment option : check , EFT , credit card . In some cases , you may be required to pay in full . For example , when in the past , you have allowed your policy to be cancelled for non-payment of premium more than once or twice per policy period .


Input: Can Car Insurance Be Paid Monthly?

Output: Most companies offer various payment plan options and usually , a monthly option is available . Some companies require an initial down payment equal to the first two months and then bill monthly thereafter , others accept one month . Along with a standard billing plan , many times companies will offer an automatic payment system either as an electronic funds transfer -LRB- EFT -RRB- from your designated checking or savings account or you may also choose to have the payments come from a bank card of your choice .


Input: Can Car Insurance Be Paid Monthly?

Output: Most insurance companies that sell auto insurance , offer various pay plans , usually on a directly billed basis . Some offer monthly plans and quarterly payment arrangements are common . In some instances , the policyholder is billed accordingly and then makes payment directly to the insurance carrier . A popular option is for the policyholder to make arrangements to have the carrier withdraw the periodic payments from a checking account . Carriers prefer this since they avoid the expense of mailing reminders .


Input: Can Car Insurance Be Paid Monthly?

Output: Yes , with most carriers you are able to pay your auto insurance premium on a monthly basis . Some carriers may require that you have that payment set up on an EFT from your savings or checking account or possibly auto pay through a credit card . Contact your local agent to find out more about the payment options available with your carrier .


Input: Can Morbidly Obese People Get Life Insurance?

Output: Great question ! Insurance companies do not like risk , and the health issues for someone who is morbidly obese are much greater than those for a normal person . That makes finding a policy a lot tougher than it is for the more normal person . That said , there are companies that will issue `` guaranteed issue '' policies . These policies ask few if any health questions , and require little more than proof of who you are , and how you will pay . The plus is that you will have insurance , the negative is that these policies can be much more expensive , and will come with a period called a grade , in which the death benefit is reduced , usually to what you 've paid in plus some amount of interest . If you 'd like help finding one , please feel free to contact me , I 'd be happy to help you . Thanks for asking !


Input: Can Morbidly Obese People Get Life Insurance?

Output: Yes , most morbidly obese people can get life insurance . Some simplified issue policies , and all guaranteed issue policies , do not ask any weight questions at all . Those who are under age 50 have the hardest time obtaining coverage while being morbidly obese , but some policies are available . Contact an agency that specializes in overweight life insurance for your quote .