Input: What Kind Of Home Insurance Do I Need For A Condo?

Output: Condominiums are usually covered under a form that is somewhat different from a homeowners policy . The condominium association is responsible for the exterior of the building and common areas . As a condominium resident you are responsible for the interior . That means that you need very little building coverage . The Condominium policy provides personal property coverage and liability coverage along with medical payments , loss of use and other coverages . Setting those limits is critical as the time of loss is not the time to discover that your insurance is inadequate .


Input: How Do Homeowners Insurance Deductibles Work?

Output: The deductible is the amount you pay when you have a claim . What happens is the insurance company adjuster will estimate the damage -LRB- sometimes they ask you to get estimates from contractors -RRB- , and arrive at a total amount to do the repair . They subtract the deductible from the repair total and pay you what is left . Some companies have specific wind/hail deductibles or other coverage specific deductibles , so you should refer to your contract for what your deductible is .


Input: How Do Homeowners Insurance Deductibles Work?

Output: The deductible is your portion of the loss that you will pay . For example if there is a fire with $ 20,000 worth of damage and you have a $ 1,000 deductible your insurance company will pay $ 19,000 and you will pay $ 1,000 . In some areas you may have varying deductibles depending on the cause of loss .


Input: What Is Important When Purchasing Health Insurance?

Output: The two big pieces that everyone looks at when buying an individual health plan these days are the plan metal levels and the premiums . Under the Affordable Care Act , individual health plans are , in short , guaranteed-issue as insurance companies can no longer decline you for a pre-existing condition or other health-related illness . When determining which plan is suitable to you , you need to evaluate your premium tolerance -LRB- how big a check you 're comfortable writing so-to-speak -RRB- , do you qualify for a subsidy , and are you willing to take on more risk to keep your premiums down or do you want to create a more predictable healthcare expense structure . If you qualify for a subsidy , you would want to look at ON-exchange health plans first - subsidies can only be used towards on-exchange plans , not off-exchange plans . These three pieces will point you in the proper direction to start . You can run free instant quotes on my website , TermInsuranceBrokers.com , if you want to compare plans in your area . You may also want to see if your employer offers group coverage and , if they do , see how it compares to an individual plan . Group plans can be great , but the main drawback is that if you leave the company or are terminated , the coverage does n't go with you . Your best option is to review your options with an independent health insurance agent/broker to see which carrier 's plan is going to be the most suitable for your needs . If you 'd like some help with this , send me a message through the `` contact me '' link .


Input: Does Homeowners Insurance Cover Bed Bugs?

Output: A homeowners insurance policy will not typically cover for a claim cause by bed bugs . Bed bugs would be considered a vermin which is normally excluded from coverage within a homeowners policy . Please read your policy completely to understand the coverage provided and any exclusions that may be contained within .


Input: Will Medicare Pay For Health Club Membership?

Output: No . Medicare will not pay for health club memberships . This type of expense would be paid out-of-pocket . Other coverage may offer discounts on health club memberships - you will need to check with your carrier to see what options are available -LRB- if any -RRB- . I hope the information is helpful - please feel free to contact me for further assistance and if you have any other questions . Thanks very much .


Input: Who Is Covered Under Your Auto Insurance?

Output: This depends upon your state and your insurance carrier . I will first speak generally then about the Michigan rules . General : anyone who is a family member and living in your home is covered by your auto insurance . Anyone who is borrowing your car with your permission is covered . Those are the major general coverage . Michigan : no-fault insurance goes like this 1 . owner of the car , 2 . driver of the car , 3 . someone in the car , 4 . a household family member who has no-fault . The general trend in Michigan is to find someone with insurance and make a claim against it , to prevent a mini-tort . I hope this helps .


Input: Does Renters Insurance Cover Animals?

Output: There are two parts to this answer because there are two coverages in a tenants policy . Animals are normally not covered as personal property . If your pet dies in a house fire , there probably isnt any recovery . However , if your animal hurts someone other than a household member , there might be coverage if you are legally liable to pay damages . However , you should carefully check your policy as many exclude various breeds of animals and many also limit the amount of liability coverage in the event of an animal related incident .


Input: Can You Purchase Long Term Care Insurance For Parents?

Output: Yes , you can purchase long term care insurance for parents . Your parents must sign their applications and take the exams ordered by the insurance company for underwriting purposes . But it is OK for adult children to gather quotes and pay the premiums for a long term care policy for their parents .


Input: Can I Borrow From My Globe Life Insurance Policy?

Output: That is a great question ! The only things that you need to have in order to borrow from your Globe Life -LRB- or any company 's life insurance policy -RRB- are these : First , that you are the owner of the policy . If Your parents bought it for you when you were young , and they are still the owners , you will not be able to borrow from it . They can , but you ca n't . You must be the owner of the policy . Second , it must be a whole life policy , as term policies have no cash value ; And third , that there is an adequate cash reserve to borrow from . If the policy is fairly new , there may not be much to borrow from , or if there has already been a loan taken , you may not be able to take more cash out , without tanking the policy . My advice would be to contact your agent , or Globe themselves , -LRB- have your policy number handy -RRB- and ask them if you are good to borrow . Good luck , and thanks for asking !


Input: Can I Borrow From My Globe Life Insurance Policy?

Output: If it 's a permanent life insurance policy that builds cash value , you can borrow from it . The amount that can be borrowed depends on how much cash value has accrued inside the policy . When you borrow money from a life insurance policy , you 're creating a loan as the money is expected to be paid back and loan 's require interest to be paid on the loan . If the insured dies and there is an outstanding loan balance on it , the beneficiary would receive the death benefit less the loan amount and any interest due on the loan . It may be helpful to discuss it with your agent before borrowing from the policy to find out more about what will happen -LRB- e.g. what 's the interest rate that will be attached to the loan -RRB- when you borrow from the cash value .


Input: Can I Borrow From My Globe Life Insurance Policy?

Output: As long as your Globe Life insurance policy has accrued a cash value and there are not any outstanding loans against that balance then you can borrow against it . Loans on a permanent life insurance policy are meant to be paid back -LRB- in most scenarios -RRB- . To maximize the life insurance products be careful and advise a financial advisor or agent prior to borrowing against the cash value in your policy .


Input: How Much Does Self Employment Health Insurance Cost?

Output: Health insurance for the self employed is no different from any other health insurance plan . There are no `` special plans '' or discounts applied to premiums if you are self employed . You can buy an individual major medical plan or in some states you may qualify for a group health insurance plan .


Input: How Much Long Term Disability Insurance Do I Need?

Output: When purchasing long term disability insurance I find most working Americans need as much as they can purchase . The maximum a disability policy will allow is in the 70 % to 75 % range of your current income at the time you receive the medical diagnosis of a disability . There are many policies sold by many companies , be sure your policy pays at least 70 % and not 50 % or lower . When purchasing long term disability buy on benefits not on price .


Input: Will An MIP Affect My Car Insurance?

Output: That is a great question ! If you are the minor in question with the possession charge , you better bet it will . If the minor was someone in your car with you , and not you , you might get lucky and the insurance company wo n't find out . Now the fact that you were allowing the breaking of the law , suggests that your decision making skills need some work , and that as a result , at some point yes , that will affect your policy , as you will most likely be filing some claims . Please consider this a serious wake up call . Too many teenagers die as a result of drunk driving , and you do n't -LRB- and neither does anyone else on the road with you -RRB- need to be another sad statistic . Seriously , stop . Thanks for asking .


Input: Can You Get Life Insurance On Someone In Jail?

Output: You can get guaranteed issue life insurance on someone who is in jail . I called a guaranteed issue company to confirm this . The question is not asked on the application , and does not enter into their qualifying criteria . Guaranteed issue policies usually require that the applicant be at least age 40-50 , and the policies usually have a maximum face amount of $ 25,000 . Keep in mind that if the incarcerated person has any lawsuits against him/her , any cash value in the policy can be targeted . Also , if the policy is to pay for final expenses , make sure to name a person or funeral home as the beneficiary on the policy , or the death benefit could be absorbed into the estate and also go to pay for restitution or legal fees .


Input: Can You Get Life Insurance On Someone In Jail?

Output: Great question ! Unfortunately , not such a great answer . Nearly every company will deny someone who is currently incarcerated , or just released from prison . Insurance companies do not like risk , and being involved in activities that would land you in jail , or the being there alone , make it nearly impossible to find a company that will write you . That said , you may be able to find a company that will issue a `` high risk '' policy , but expect it to come with a very high price tag , and a lot of strings . I 'm sorry that I did not have a better answer for you . Thanks for asking !


Input: Can You Get Life Insurance On Someone In Jail?

Output: The vast majority of insurance companies will not approve life insurance coverage for someone who is incarcerated . I have not personally come across a carrier who will approve a policy for someone in jail . When he/she is released from prison , he/she may be able to get coverage , but it will likely be table-rated depending on the circumstances surrounding why he/she was in prison .


Input: How Much Disability Insurance Should I Have?

Output: In order to figure out how much Disability Insurance you should have , you need to understand that Disability Insurance is based on your current income . Depending on how much you make , you may qualify for up to 70 % of your gross income . This said , you need to understand what your need may be , how much you can afford within your budget and design the policy to cover any partial disability . Without knowing your specific situation , I would start with the maximum benefit , and go from there . If you need help looking at some quotes , do not hesitate to contact me or your local insurance broker . Thank you for the question .


Input: How Much Disability Insurance Should I Have?

Output: You should purchase the maximum coverage based on your compensation . Disability insurance maybe one of the most important defensive financial products you should have . It 's basically paycheck protection.Most working Americans do n't have enough emergency money to sustain them during a period where they have no income . Some employer sponsored benefit plans include a short term disability plans . Some employers offer long term disability insurance to their executives as a retention and recruitment tool .


Input: How Much Disability Insurance Should I Have?

Output: I would suggest carrying the maximum amount of disability insurance that you can qualify for , which is up to 70 % of your earnings . There are many features and companies when it comes to purchasing disability insurance . I highly recommend using an experienced insurance broker to help navigate these many options to avoid a costly mistake .


Input: How Much Disability Insurance Should I Have?

Output: You should have up to the insurance limitations of your earning power and you can do that two ways . First you can insure up to 60 % of your compensation tax free with nondeductible premiums or insure up to 80 % of your compensation taxable with deductible premiums through a business benefit arrangement .


Input: How Much Disability Insurance Should I Have?

Output: All disability insurance carriers have maximum coverage limits known as issue and participation limits -LRB- I&P limits -RRB- . To speak very broadly in terms of averages , this typically equates to 66 % of your gross earnings . The percentage is generally higher for lower incomes and lower for higher incomes . Issue limits are the maximum that you can have if insurance purchased through a single carrier is the only disability insurance coverage that you have . Participation limits are the maximum amount that you can have in coordination with coverage from other carriers . It 's advisable to target at least 66 % of your gross income in coverage , and any more that you can find and be approved for is seriously worth considering .


Input: Can A Pregnant Woman Buy Life Insurance?

Output: Yes , my pregnant daughter was just rated Preferred Plus , proof that if you are in good health and your weight fits the guideline , any rating is possible . However , some companies do restrict purchasing life insurance during the third trimester , so be sure you are applying with a company that allows it before applying for life insurance while pregnant .


Input: Can A Pregnant Woman Buy Life Insurance?

Output: Yes , typically a pregnancy alonewill not prevent a woman from applying for and securing life insurance . Every carrier has their own set of standard for the types of risk that they are able to accept.You 're rates may be higher due to your condition . Contact a local agent to discuss your coverage need and concerns .


Input: Can I Add My Significant Other To My Health Insurance?

Output: Only if you and your significant other are legally married . So , if it is a male/female relationship you are inquiring about then things are pretty straightforward from the marriage standpoint . If it is a same sex relationship you are inquiring about then things get more complicated . Same sex marriage is an issue that is still being addressed on a state by state basis . If your home state does not recognize same sex marriage and your employer is domiciled -LRB- incorporated in , established in -RRB- in such a state then you ca n't get married in that state anyways and an out-of-state marriage in a state that does recognize same sex marriage is not recognized in your home state . There is a tremendous amount of litigation going on in the Federal courts over this issue which makes it hard to be totally definitive when addressing this question . To make things even more interesting , you might work at a branch location of a company domiciled in a state that recognizes same sex marriage while your state of residence still does n't . And your employer 's policy may be to accept same sex spouses as dependents under their group health plan . This can result in the situation where one same sex couple -LRB- you still have to be married but I 've got some neighbors that went out of state to get married in a jurisdiction that does allow for same sex marriage even though our home state currently does not -RRB- may be able to take advantage of their employer 's health coverage while a similar same sex couple across the street who work for employers headquartered in states that do n't recognize same sex marriage ca n't cover their same sex spouse as a dependent . It is an interesting time to be in the employee benefits business .


Input: How Much Is Car Insurance For A 20 Year Old?

Output: Car insurance rates for a 20-year old will depend upon many factors including your driving record , the type of vehicle you have , where you live , and your grades -LRB- if you are a student -RRB- . Monthly rates could vary between approximately $ 40 and quite a bit more . Naturally , just basic liability protection will cost the least while full coverage on a financed car will be more expensive .


Input: Why Would I Need A Medigap Policy?

Output: Medicare Part A & Part B only covers about 80 % of the cost of your healthcare . In addition , the 20 % that you are responsible for does not have a limit . No max out of pocket or cap so if something major happens you could be left with a lot of very expensive medical bills . Millions of Americans age 65 and over buy a Medigap policy to cover what Medicare Part A & B does not . There are several plans to choose from but all Medigap Plans have a letter such as Plan F , Plan G , Plan J , etc. . If it does n't have a letter it 's not a Medigap Policy . I would be happy to answer any other questions you have .


Input: Who Regulates Homeowners Insurance?

Output: Homeowners , auto and all other personal and commercial insurance contracts are regulated by each state 's Insurance Department . Though the Federal Government now has regulatory authority over our health insurance and LIfe Insurance/investment products , it is the States who oversee personal anc commercial insurance products that we use every day . Each Insurance Company that chooses to offer products and solutions in each state must file with that state 's Insurance Department and submit the products that they will market and service to the department for review and approval . Each policy 's full terms and conditions must be clearly laid out and approved by the Insurance Department before that product may be marketed , sold and serviced .


Input: Who Regulates Homeowners Insurance?

Output: Your states insurance department would be the regulator in regards to any insurance product other tan Medicare Advantage . While policies are pretty standardized it is your state that would provide regulation and enforcement of insurance companies who offer home insurance . If you have an issue with a company regarding claims contact your state department of insurance to file a complaint .


Input: What Is Voluntary Plan Disability Insurance?

Output: what is a voluntary disability plan ? These are plans offered through your employer that can very much be worthwhile to the employees of a company . Underwriting is usually lighter , cost is competitive and for the more blue collar occupations , a voluntary group disability plan is a great idea as it is very difficult to get disability on your own with a blue collar occupation .


Input: Why Do You Need Life Insurance On A Mortgage?

Output: Why do you need life insurance on a Mortgage ? You do n't unless it 's a contingent of aquiring the loan and acts as a means to reassure the company loaning the mortgage money that they will be repaid in case of death during the mortgage period . In this way you are covering your loan responsibililty . The other way this could be taken is should you carry enough life insurance to cover your mortgage among other things ? The answer is going to depend on the individual . If you want your significant other and kids to remain in the home after you 've died , an insurance policy takes care of that . Completely an individual 's choice . You do n't have to , but if the ability of your spouse to continue to pay for the home after you 've passed is too difficult , they lose you , they lose the home . Honestly , I 've met people where that just fine with them . It 's not what I 'd do to my family , but I ca n't speak for everybody .


Input: Why Do You Need Life Insurance On A Mortgage?

Output: The type of insurance that is required to get a mortgage if less than 20 % is offered as down payment for a home is called PMI -LRB- Private Mortgage Insurance -RRB- . PMI protects the lender in case of foreclosure . Life insurance that protects the borrower in case of the borrower 's death is generally not required for mortgages . However , many borrowers buy life insurance to pay off the mortgage if they should pass . That way their family can stay in their own home even if there is no longer enough income coming in to make the house payments .


Input: What Is Part D On Medicare?

Output: Medicare Part D is your prescription drug plan . It is a good idea to have a Part D plan in addition to a Medicare Supplement Plan . When someone turns 65 they go on Medicare Part A & Medicare Part B . They get Part D to cover prescriptions and a Medicare Supplement Plan to cover what Part A & B does not .


Input: What Is Required For Homeowners Insurance?

Output: To issue a homeowners policy , the company will need a great deal of information . They will need information about the fire protection where the home is located . They will need to know the size and construction of the home . They want to know how close the home is to a body of water . They will need to know what pets are on the property . They will need to know the condition of the home , in particular , the roof . Most insurers require photographs of the home .


Input: How Do I Know What Kind Of Health Insurance I Have?

Output: When you sign up for a health insurance plan and it 's approved , you should be sent a policy containing the details about your specific plan including the carrier name , plan name , deductible , monthly premium , coinsurance and copayment rates for various services , etc. . The coverage is effective when the premium has been submitted to the carrier . If you did n't receive this or are n't sure what to look for , contact your agent you signed up through to get the needed input .


Input: Will There Be A Medicare Premium Increase In 2014?

Output: The Medicare Part B monthly premium will remain unchanged at $ 104.90 per month -LRB- for most people -RRB- . Other costs are going up in 2014 if you do n't have a Medicare Supplement -LRB- Medigap Plan -RRB- . For example , the Part A deductible is going up to $ 1,216 from $ 1,184 . The hospital coinsurance for days 61-90 is going up to $ 304 per day . All Medicare Supplement plans will have increases in premium over time . However , it is not a calendar year event . It is a good idea to compare plans every 3-4 years to make sure you have the best plan for your needs . You can compare Medicare Supplement Plans on our website at SummitMedigap.com


Input: Does Medicare Include Dental Care?

Output: Original Medicare does not include routine dental care . If you have a Medicare Advantage plan , some plans will include basic dental care . If you want a dental plan , review plans carefully . Be aware that some plans are not insurance but only offer a discount if you use network providers . Insured dental plans vary widely in price and benefit .


Input: Does Term Life Insurance Run Out?

Output: Yes , usually term life insurance policies run out or expire at a certain age , age 85 for example . The reason it is usually not always is that there is coverage called Term 100 , which covers you to age 100 as the name suggests . Typically policies renew at a higher premium at the end of each term 5 , 10 , 20 or 30 for example and then expire as stated at say age 85 . Most are convertible to a level premium permanent insurance plan prior to a stated age . An independent life insurance broker , representing several companies , can help you get the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Does Term Life Insurance Run Out?

Output: PIP coverage - personal injury protection - is a required , optional coverage here in Texas . This means that if one elects not to include it on their auto insurance policy , that the coverage has to be rejected -LRB- rejecting the coverage requires the insured to sign a document noting that PIP coverage was offered and that the insured does not wish to obtain PIP coverage and is rejecting this coverage -RRB- . If one does elect to reject PIP coverage , it can always be added on the auto insurance policy at a later date . Contact us at 469-206-8048 and we 'll be happy to review your situation . Or you can e-mail me at WEBSITELINK .


Input: Does Term Life Insurance Run Out?

Output: Does term insurance run out ? Yes , term insurance has it 's own end date , even if you have n't met yours yet . Most newer policies will offer term coverage out to age 90 or 95 . However the pricing of the coverage in those later years will often force cancellation by price for the insured . In lay terms , you are priced out of the policy .


Input: Does Term Life Insurance Run Out?

Output: Yes . Term insurance is temporary insurance . You usually buy it for a set period of time such as 10 years , 20 years , etc. . At the end of your term you usually could renew it but it would be very expensive to do that . The best term policies have a guaranteed conversion option to convert it to whole life .


Input: Does Term Life Insurance Run Out?

Output: Term life insurance does run out . When it runs out is dependant upon the term that was intially purchased . Most term life insurance is offered in 10 , 15 , 20 , and 30yr terms . This type of insurance is less costly than whole life -LRB- or permanent insurance -RRB- , so it is typically used to provide coverage during peoples lives when they have young children , mortgages , or other large debts that would leave the family financial strapped if they should pass . There many types of life insurace available and it would be best to consult with a local agent to ensure that you get the coverage that best meets your needs at the point in your life that you get it . You should go over your coverages for all of your insurance with your agent at least once a year .


Input: Does Term Life Insurance Run Out?

Output: Yes , term life has an endpoint . The thing to be aware of is when . Many of the older policies written have much earlier term end dates than the newer plans . It is not uncommon to find 70 or 75 as an end date on older term policies . Newer policies may carry a 90 to 95 end date . Although some new plans only run the length of the level term period . Very important to open your policy and take a few minutes to read what it does do , or when selecting a new plan , ask the agent .


Input: Does Term Life Insurance Run Out?

Output: Term life insurance is generally a time certain product that has a termination date . Term life insurance should be purchased with a long conversion provision if the financial need to extend coverage becomes necessary . It is sometimes recommended to purchase term life insurance with an extra five year years to be give yourself a little flexibility .


Input: Does Term Life Insurance Run Out?

Output: In a way , with some companies . What generally happens is that after a stated period of time , 10 years , 20 or 30 , the premium will start to increase dramatically . You will probably be forced to stop paying it . The way to avoid this is to convert your policy if permitted , to whole life . Otherwise try to obtain a whole life policy before your term ends . Five years or so after start is usually the sweet spot . Keep yourself covered , if there is any way possible . Thank you . GARY LANE .


Input: Will Auto Insurance Cover Transmission?

Output: Auto policies , like all insurance policies cover specified perils . That means that if the policy covers loss due to flood , such damage to a transmission would be covered . Auto policies do not cover maintenance of the mechanical portion of the car . If the loss was the result of maintenance , it wouldnt be covered . If the damage to the transmission was the result of a collision it would be part of the adjustment of the claim .


Input: Will Auto Insurance Cover Transmission?

Output: No ! Auto Insurance will protect you from liability if you are involved in an accident . It protects your car from unforeseen hazards . Collision covers your car in the event of an at fault accident , Comprehensive or OTC covers your car from vandalism , animal strikes , tree branches , windshield damage , etc. . Maintenance such as engine or transmission repair , tires , and drive train are not covered under your auto insurance .


Input: Will Auto Insurance Cover Transmission?

Output: My auto insurance policy recently paid a claim for my transmission , even though it was not accident related . Check your policy to see if you purchased a mechanical failure rider . The rider extends the manufacturers new car warranty . Many people , like me , forget what coverage features they elect when buying a policy . It definitely pays to review your policy declarations page for opportunities to file claims .


Input: Is Medicare Always Primary Insurance?

Output: There are some situations when Medicare is not primary . This usually happens if you 're currently employed and have coverage under your company where they are primary . In these cases it is important to watch for your EOB -LRB- Explanation of Benefits -RRB- from your insurance companies , because many medical billers are so used to billing Medicare first , that they will automatically do that and Medicare will deny the claim because of it and if you do not catch it in time , you could end up paying the bill the deadline for filing in a timely manner has lapsed .


Input: Is Medicare Always Primary Insurance?

Output: In many situations , Medicare is the primary payer for Medicare claims . If you only have Medicare , or Medicare plus a Medicare supplement plan , Medicare is primary and your Medigap plan is secondary . If you are also covered under an employer group health insurance plan , and your employer has fewer than 20 full time employees , Medicare is primary .


Input: Does Medicare Cover Avastin?

Output: Yes , Medicare does cover Avastin or treatment of metastatic breast cancer . An FDA panel advised against Medicare covering Avastin in 2011 , saying that it was not successful in extending the life of those who took it , and caused harmful side effects . However , the CMS decided to cover it , anyway , and has stuck with that through the present .


Input: What types of insurance would a business that rents out houses to people need?

Output: homeowners do n't work here because the owner is not occupying the dwelling . what you need here is called dwelling fire coverage for rental properties . there are basically two types of policies : a DF1 and DF3 . if your properties qualify , DF3 policies are better . there are plenty of companies that will insure these properties unless the property has been vacant longer than 2 months . if that 's the case , you will have to look a little harder . but you can get coverage for vacant properties as well .


Input: What types of insurance would a business that rents out houses to people need?

Output: The objects that need to be insured are the houses that are being rented . These are best covered with dwelling fire policies which provides coverage for the structure and little else . As a landlord you should also carry liability coverage because the landlord is likely to be named in any lawsuit that has to do with the property . Additionally , the landlords should require that their tenants secure renters insurance and name them as additional insureds .


Input: How Much Car Insurance Should I Carry In Ohio?

Output: Ohio state minimums will go up to $ 25,000 / $ 50,000 on December 22nd 2013 . While this is an improvement , minimum coverage is just that : Minimum . You should work with an agent that can explain these coverages to you and provide you with a guideline for coverage based on your specific financial situation .


Input: How Much Car Insurance Should I Carry In Ohio?

Output: The minimum Ohio car insurance liability limits are $ 12,500 per person , $ 25,000 per accident and $ 7,500 of property damage . These limits will increase by the end of 2013 . How much car insurance coverage should you carry ? If possible , amounts above the minimum required limits , since they are simply a low benchmark set for compliance . As an experienced Ohio car insurance broker since 1980 , our job is to help consumers find the lowest auto insurance prices from the major companies such as State Farm , Allstate , Progressive , Geico , Esurance , Liberty Mutual and many others . We do the shopping so our customers can save ! By utilizing a local experienced Ohio broker , you 'll save time , money and yes ... a lot of frustration !


Input: Is Hepatitis C Tested For Life Insurance?

Output: Hepatitis C is not tested for on a life insurance exam , per se . However , the blood test used for life insurance exams does test liver function by measuring liver enzymes . A high value for AST , SGOT , ALT , and/or GGT could cause the underwriter to question the presence of hepatitis C. Medical records may need to be ordered , or you might be required to have further testing before being able to obtain a medically underwritten policy . If you go into the application process knowing you have hepatitis C , be sure to tell your agent so they can find you a policy for which you qualify at the best possible price .


Input: Is Hepatitis C Tested For Life Insurance?

Output: When you are applying for life insurance and they ask you if you have had any illness or been hospitalized and you fail to disclose that information you have failed to disclose a material fact and that means the insurance company has a basis of refusing the future claim and cancelling your policy . If you are going to apply for life insurance yuo need to take a good dose of truth serum and tell the whole truth and nothing but truth or create problems for yourself


Input: Is Hepatitis C Tested For Life Insurance?

Output: Actually Hepatitis A , B , C is not usually tested for most life cases . However , in larger cases depending on the carrier it certainly can be . I personally have some larger cases pending with one carrier and we felt another carrier would be a bit more affordable . The first carrier did not want a Hep test from blood but the second carrier did . My clients had to be retested -LRB- no big deal -RRB- because the original blood was over 30 days old and destroyed . There is no one answer fits all to your question .


Input: Does Comprehensive Insurance Mean I Can Drive Any Car?

Output: That is a great question ! As long as you have a valid drivers license , and permission , you are able to drive any car that is insured by its owner . The word `` comprehensive '' only means that the insurance company will pay non-collision caused damage also . Things like rocks through the windshield , or someone keying your car , for example . I hope that clears it up for you , thanks for asking !


Input: Does Comprehensive Insurance Mean I Can Drive Any Car?

Output: Comprehensive , in insurance talk means that your car is covered for damages it sustains in an incident other than a collision . There is some specific coverage also included under comprehensive like animal strikes . Since insurance follows a car , if you are a licensed driver and have permission from the owner , you can operate any car and that cars insurance coverage will apply .


Input: Can I Claim Auto Insurance On Taxes?

Output: Claiming auto insurance on your taxes is really a question to ask your accountant . I have had clients who have done so for business reasons , however it is not an insurance agents duty to advise on how you should file your taxes or what exemptions you can potentially make on your tax return . I suggest you seek a professional tax pre-parer to discuss .


Input: How Do I Find Affordable Health Insurance?

Output: Answer to your question will very much depend on your location . Probably least headache giving solution would be to search for Insurance Agent licensed in your state and ask for advise . Finding insurance agent is not hard . I 'm sure Google search will give you many results and you will probably be directed to some of web sites that you can give info to and agents will call you . Just be aware that giving your contact info to some sites will case multiple calls and sometimes may becomeinterruptive . Better off maybe searching for Independent Insurance Agent and calling them . Good luck to you , I hope I helped some .


Input: How Do I Find Affordable Health Insurance?

Output: The best way is to find an independent agent like myself who is certified through CMS to offer such policies . ROCO Insurance Agency , LLC is licensed in 31 states and more than likely can help you pick and buy a plan . If you need help paying for your health insurance then may see if you qualify for a subsidy to help pay your monthly premiums and lower your co-pays when you use the coverage . WEBSITELINK


Input: What Is The Best Insurance For Funeral Expenses?

Output: That is a great question ! There are a ton of modestly priced whole life policies that are lower face values designed to cover your funeral expenses . Often marketed as `` burial insurance '' , they are typically anywhere from $ 5-35 ,000 face values , and are very simply issued . There are usually some questions on the application , or a phone interview with prescription and medical history checks . They are perfect for folks who want to care for their family , but may not have a ton of money to do it . If you would like to know my preferred companies for this , please contact me . Thank you for asking !


Input: What Is The Best Insurance For Funeral Expenses?

Output: Whole life insurance is the best for funeral expenses . There are many Whole Life policies that can now be purchased with no medical exam for small face amounts that work perfectly for a funeral . The death benefit is left to your beneficiary , so , e.g. if you changed your mind from being embalmed to being cremated , the extra money can go to your other bills . When you buy permanent insurance , you do n't have to worry if it will be in effect at your death .


Input: What Is The Best Insurance For Funeral Expenses?

Output: The best kind will be a policy that is in force at your passing . While you should try to get it for the best rate for which you can qualify , it is more important that your coverage is still there and has not lapsed or terminated for any reason . While term life insurance generally has a lower premium for the same death benefit , whole life insurance is the more suitable solution for funeral expenses as the coverage will last for life as long as premiums are paid .


Input: What Is The Best Insurance For Funeral Expenses?

Output: Many types of life insurance will work to pay a funeral . The absolute best kind if covering a funeral is your main goal is the Preneed funeral insurance that is sold by funeral homes . Those policies have several features that most insurance just does n't have . 1 . They are a limited pay policy . You will have the policy paid in full in your choice of 3 years , 5-years or 10-years or you can pay in full with one single payment . 2 . They have inflation protection . The funeral policies grow each year and the death benefit is designed to keep up with the rate of inflation . Many funeral homes can give you a lifetime price guarantee because of this feature . 3 . They are an exempt asset when qualifying for Medicaid or other assistance . 4 . They are guaranteed issue and everyone has coverage no later than the 12th monthly payment even if you are in a nursing home , under hospice care or have a terminal illness . No other guaranteed issue life insurance can insure you as quickly . 5 . You can buy them on family members with or without their knowledge . If you have a parent that never would insure themself and is going to leave a burden on you , you can take out a funeral policy on them . They do not need to sign anything or answer any health questions . 6 . All funeral Preneed life insurance policies will pay the death claim within 48-hours of your death with no death certificate required . If are on a tight budget , a funeral Preneed policy may be too expensive for you . In that case any whole-life policy will work . There are many simplified issue policies that will sell smaller amounts and offer and affordable premium . They are very easy to qualify for even if you do not have perfect health .


Input: Does Renters Insurance Cover Arson?

Output: In the all-risk form of a renter 's policy , which is the most common form , arson would be a covered cause of loss . All perils are covered except those specifically excluded and arson does n't appear on the list . The coverage would cover the personal property of the insured . If you have such a policy take photos of all your property .


Input: What Is The Cheapest Car Insurance For Teenage Drivers?

Output: That is really going to depend on your geographic location and the carriers in that area . The carrier that is the lowest in one geographic area for teenage drivers will more than likely not be the lowest in another . It 's all about spreading the risk over a large number of policy holders . So , one carrier would not typically want to handle too much of one risk level .


Input: Does Homeowners Insurance Cover Property During Move?

Output: The personal property covered under a homeowners policy is covered at full value in a new home for 30 days under most circumstances . However , the limit of coverage is only 10 % of the normal personal property limit while the property is outside the old residence and not in the new . If you are planning a move , contact your insurance agent for advice on how to minimize your exposure and provide adequate protection for your property .


Input: What Is My Medicare Part B Number?

Output: Your Medicare Part B number is the same as your Medicare Part A number . When you enroll in Medicare , you are assigned a claim number - this is typically going to be your social security number plus a letter on the end -LRB- designates certain conditions - e.g. only you are applying and not your spouse , on group coverage , etc. -RRB- . Please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Does Medicare Pay For Nicorette?

Output: Medicare will not pay for Nicorette gum or patch , or other smoking cessation products . When making the effort to quit smoking , Medicare will pay forup to 8 face-to-face smoking cessation counseling sessions with a qualified Medicare doctor during a 12 month period .


Input: Can An 85 Year Old Get Life Insurance?

Output: Great question ! Yes , there are companies that will cover up to age 90 , but the catch is that if there are health issues , that can make the policy unwritable , or very expensive . A guaranteed issue policy will be more lenient on health issues , but will have a period of time that you will have to outlive to receive the face value payout for . If I can answer more questions that you may have , please contact me , I 'd be happy to help . Thanks for asking !


Input: Can An 85 Year Old Get Life Insurance?

Output: Yes , there are a few low face amount , Whole Life , No Exam policies that will provide final expense coverage for an 85 year old person . There are also some medically underwritten policies that will cover persons up to age 90 . It takes pretty good health to get life insurance past age 80 , but allowances are made when health conditions under good control .


Input: Can An 85 Year Old Get Life Insurance?

Output: Yes you can . New York Life frequently provides life insurance to those up to age 90 . Depending on your health , you may be able to obtain a reasonable amount of life insurance . Even if your health is not good , you may be able to obtain a guaranteed benefit policy . Gary Lane , Agent , New York Life , 949 797 2424 . Thank you .


Input: Can An 85 Year Old Get Life Insurance?

Output: Depends on the 85 year old ! Many insurance companies will insure people up to 85 and some even up to 90 years of age . Of course there are other determinants than age alone . What is the health of the 85 year old ? Does the 85 year old have the means to pay the premiums ? There will typically be limitations on the amount of insurance benefit an 85 year old may buy as well .


Input: Is A 403B A Qualified Retirement Plan?

Output: A 403 -LRB- b -RRB- is a qualified retirement plan available for public school teachers , principles , janitors , administrators as well as self employed ministers , some non-profit employers and service organizations . The contributions are deductible , accumulate tax deferred and are taxed as ordinary income at distributions .


Input: Can I Transfer Home Insurance?

Output: Your current Homowners Insurance policy is specific to your home that you live in right now and can not be transferred . The premium that you pay for Home insurance is based on factors such as : square footage , age of the home , construction type , neighborhood , number of rooms , and quality of kitchens and bathrooms -LRB- as these are usually the most expensive to replace in a total loss -RRB- . The insurance company will give you a full refund of what they call `` unearned premium '' . Basically , they will refund you on a pro-rated basis all the money that you have paid that you have n't received insurance for . You can then roll that money into your new policy .


Input: Can I Transfer Home Insurance?

Output: Homeowners insurance can not be transferred . If you are referring to someone buying your current home - they will need to be assessed for prior losses and sometimes credit history & pets for eligibility -LRB- among other things -RRB- . If you are purchasing a new home the same will apply to you .


Input: Can I Transfer Home Insurance?

Output: A homeowners policy is specific to a particular residence . If you purchase another residence and want similar coverage , that can be arranged by applying for coverage on the new residence . That policy will apply to that specific residence . The title insurance company or whoever is handling the closing will require a certificate of insurance for the new residence .


Input: Can A Felon Sell Life Insurance?

Output: I have found getting a license through the state you are in is relatively simple when you have a background , depending on what and how sever it was including how long ago . The bigger hurdle will be finding an insurance company who will be willing to appoint you to sell their portfolio . If you can send me more details , I can can give you some answers if you are interested .


Input: Can A Felon Sell Life Insurance?

Output: That is a great question ! It depends upon what your felony was , how long ago you committed it , and your State 's insurance regulations . In most cases , if the felony involved any kind of financial misdealing , the answer will be no , you may not . If the felony was not financially related , and occurred many tears ago , then perhaps , but it will depend upon the company , and your State regulations . Good luck , and thanks for asking !


Input: At What Age Can You Receive Medicare?

Output: Generally age 65 , but it depends on your circumstances ; whether youre applying when youre eligible to enroll in part B or youre disabled . There are also exceptions or rule accommodations for those with end stage renal disease . The initial enrollment period occurs when you turn age 65 or have been taking Social Security disability benefits for two years .


Input: What Factors Can Lower Car Insurance?

Output: Many factors can keep your auto insurance rates down . First would be a clean driving record . No moving violations in the last 3 years and no at-fault accidents . The longer your driving record is clean the better as some insurance carriers discount if clean for 5-7 years . Being married tends to lower your rate . Packaging polices such as home and umbrella tend to lower auto insurance rates . If your a student having a 3.0 or better will lower your rate . Making sure there is no gaps in your insurance will also help to get you a better rate depending on the state you reside in . Credit is another factor for some states and of course the type of car you drive , how many miles you drive annually and coverage 's you select all are factors in your rate . Insurance coverage is consultative which is why I recommend you talk to a local independent agent who can help find you the right coverage 's at the right premium .


Input: How Much Does Health Insurance Take Out Of Paycheck?

Output: More than you would like ? As group health insurance premiums will vary depending upon factors like the state you live in , the health insurance carrier , the level of benefits offered by your health plan , your coverage level -LRB- Employee Only , Employee + Spouse , Employee + Child -LRB- ren -RRB- or Family -RRB- , possibly your age and whether you are a tobacco user , and most importantly , by how much your employer contributes towards your coverage , there is no way that an outsider can answer this question without such details . Your employer should be able to advise you as to what the per period payroll deduction would be for various levels of coverage under the health insurance plan they offer . This would be the only definitive source of an answer to your question .


Input: Is Life Alert Covered By Medicare?

Output: Life alert is not covered by Medicare . Most insurance companies wo n't cover them either . You 're usually paying for a life alert system out of pocket . Some states may have their own programs that will help provide financial assistance for medical alert systems - certain criteria may be required to be met before the financial assistance can be provided however . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can A Non Citizen Get Medicare?

Output: Maybe , non-US citizens are eligible for medicare benefits under certain circumstances . The best place to go to for more information on eligibility is your local Social Security Administration office . They will be able to determine your eligibility and assist you with the process of setting you up with benefits if you are eligible .


Input: Can You Claim X Rays On Medicare?

Output: Diagnostic X-rays can be billed under Medicare Part A as part of your hospital stay , or under Medicare Part B as an outpatient procedure . Your medical provider will know how to code and bill the procedure to Medicare . If you have a Medicare supplement plan , Medicare will forward the adjudicated claim on to your Medigap carrier as part of crossover and your supplement plan will pay their portion .


Input: Why My Health Insurance Is Going Up?

Output: There are many reasons why your health insurance rates may be going up . Premiums naturally increase due to higher medical device , treatment and facility costs . Also , as you get older , the cost of health insurance does increase . Also , are you correctly shopping for the lowest available rates ? An experienced broker will save you time and money ! And also frustration !


Input: Why My Health Insurance Is Going Up?

Output: That is an excellent question ! There can be a number of reasons why the price increases . The company may need to recapture expenses and profits , and raises their rates . Your health issues may have changed , or your providers changed or dropped coverage , making it more expensive to find and pay for those services . It could just be that you are a year older , and thus more expensive . I hope that helps , and thanks for asking !


Input: How Long Can I Keep Medicare?

Output: Life insurance coverage depends on how long the economic liability is . For example the earnings of the family bread winners are necessary to pay a 30 year home mortgage , so 30 years of coverage may be necessary as well . Buy term lifeinsuranceif the economic liability is temporary . Buypermanentlife insurance if the economic liability is perpetual .


Input: How Long Can I Keep Medicare?

Output: If you are over 65 you keep Medicare until you die unless you move out of the country and give up citizenship . If you are on Social Security Disability then you keep Medicare as long as you qualify for disability . You do not lose your Medicare . Some people confuse Medicare and Medicaid . They are two different government services . Medicaid is based on income and assets and you have to qualify each month .


Input: When Do You Need Renters Insurance?

Output: You need renters insurance any time that you rent a premise . Renters insurance will provide coverage for your personal property and also provide you liability coverage . The landlord will more than likely have coverage for there building , but this coverage does not extend to any renters or their personal property .


Input: When Do You Need Renters Insurance?

Output: That is a great question ! I think renters insurance is an absolute must anytime you are living in someone else 's property , that is n't named Mom or Dad . -LRB- and even then sometimes you may want it -RRB- A good rule of thumb is to have a policy anytime it could be possible that you would have to pay to replace all of your stuff if it were destroyed . So , an apartment , have it . A dorm room , where the college may have liability for it , maybe not . Either way , it 's a cheap policy , and great protection . Be safe , buy it . Thanks for asking !


Input: When Do You Need Renters Insurance?

Output: It is nice to have renters insurance in force at least one day prior to suffering damage to your personal property or the event that triggers a lawsuit . You probably need to have a renters policy in force before you lease property as that is frequently a requirement of the landlord .


Input: How Can I Get Life Insurance On My Mom?

Output: To get life insurance on your mom , sit down with her and ask her what medications she takes , her height and weight , what health conditions she has had in the past and currently . Ask her what she wants to spend , or if you are the one who will be paying for it , ask her what amount she would like to see you get for her . It will seem less intimidating if she has a say in it . Then contact a website or agency for a quote . If you are getting it for final expense purposes , you will want to get a permanent policy . When getting life insurance on someone else , it is usually best to buy a No Exam policy , if you can . Your mom may have to do a phone interview to be approved . They will draft the first premium from your or your mom 's checking account when she is approved , and her policy will be in force .


Input: What Companies Sell Annuities?

Output: There are hundreds of annuity companies in the U.S. some of the lead companies in the brokerage community are NACOLAH , Athene , Sentinel life , Equity Trust , Genworth , etc There are traditional companies that have career agents that sell their proprietary products like Prudential , MetLife , New York Life , Mass Mutual , etc. .


Input: What Companies Sell Annuities?

Output: Annuities are sold by life insurance companies , so there are probably over a thousand companies to choose from . A word of caution : ` variable ' annuities expose your money to risk . And guaranteed annuities have interest rates that are in line with the overall very low interest environment . So be wary of anyone promising returns of over 3 % right now as most guaranteed annuities are yielding 1.5 to 2.5 % depending on the size of your investment . But any whole percent is better than the small fraction of a percent that savings accounts and CDs are offering these days !


Input: When Does Life Insurance Become Effective?

Output: A life insurance policy becomes effective when the first premium is paid and the insurance company accepts the application and underwriting approves the application . When all those conditions are met the policy is in force or in effect . If an applicant submits the first premium payment with the application typically a `` conditional receipt '' is given , which as long as there are no further conditions that need to be met after underwriting will make the effective date as of the acceptance of the application and premium payment .


Input: When Does Life Insurance Become Effective?

Output: If you have certain health conditions , purchase certain types of policies , or do not wish to pay the first premium when your application is taken , your policy will go into effect after it is approved . The insurance company will issue it with a few delivery documents to sign , and it goes into effect when those are received along with the payment for the first premium .


Input: When Does Life Insurance Become Effective?

Output: In most cases , when you work with your insurance professional to complete an application for Life Insurance and pay the required first installment , in addition to a receipt , you will also receive a `` Temporary Insuring agreement '' . This provides immediate coverage granted by the insuring company to protect you during the underwriting period . This provides that in the event that you die while the policy is being underwritten , then the insurance company agrees to pay all or at least a portion of the proceeds of the benefit for which you have applied to your beneficiary . Once the policy is issued , the in force policy then replaces the temporary agreement with the full coverage offerd by the policy sof which you applied .


Input: How To Cancel Travelers Home Insurance?

Output: The simplest way to cancel any insurance is to simply stop paying the premiums . The policy will lapse and be cancelled . If you 've paid premiums in advance you may be able to get a partial refund if you write a letter formally cancelling the policy and requesting a refund of the unused portion of premiums paid . You will want to keep a copy of the dated letter and have the one you mail certified with a delivery receipt .


Input: How To Cancel Travelers Home Insurance?

Output: This is a VERY simple process all you need to do is in writing a cancel request showing the date you wish to cancel the policy . Then send it to your agent and I recommend sending it directly to the carrier as some agents unfortunately do not process it in a timely manner . If you have coverage in place with another carrier you can not be double insured so you can ask your current insurance agent to send the cancel request for you . Hope this helps


Input: How To Cancel Travelers Home Insurance?

Output: Brenda Hanson 's answer is excellent in response to the one sentence question you posed . As she correctly suggested , you should send the cancellation request to both your agent and Travelers . It can be a simple `` Please cancel the following policy number , effective -LRB- date -RRB- . '' You do not have to give a reason . You should consider sending both notices by USPS Certified Mail and keep paper copies . Obviously you need to make sure that you have arranged for replacement coverage , to concur with your requested cancellation date . Your agent should be able to help you with all of this . You do not want a gap in coverage dates . Under any circumstances , make sure you are not without coverage , If you have a mortgage , you need continuous coverage . No gaps .


Input: How Do I Get A Replacement Medicare Card?

Output: This is a great question . You should be able to get a replacement card by calling Medicare at 1-800-Medicare or you can go online to Medicare.gov and there should be a link for you to click . You may also be able to apply at your local social security office or call 1-800-772-1213 . Hope this helps .


Input: Does Auto Insurance Cover Other Drivers?

Output: This is one everyone needs to be verycarefulwith . The rule with insurance carriers is all householdmembersmust be listed or excluded . Insurance carriers are entitled to collect the proper premium for the risk . I have seen many clients -LRB- not mine -RRB- over the years not list other household members in order to save premium . This has resulted is horrible claims issues for not disclosing other drivers in the household . As for loaning your car to an outside the homeindividualin most cases this is permissive as the driver does not have regular access to the vehicle and this is seen as incidental . However depending on the state you are in the person who loaned the vehicle is often still held liable if there is an accident . It is veryimportantyou speak to your agent about how your policy works and the ramifications of loaning out your vehicle . Different carriers deal with the issue in different ways and you do n't want to find out there is not coverage after the accident . Also if there is permissive driver use for non household members ask you agent if liability is reduced . Many carriers will reduce limits to state minimum when the vehicle is loaned .


Input: When Is Term Life Insurance A Good Investment?

Output: Term life insurance can not be called an investment because it does not return profit by way of interest , income or appreciation in value . But when is it a good idea to spend your hard earned money on term life insurance ? That answer is , when you have a temporary need and want some relatively low priced life insurance to cover it . Some examples are : You want your 3 year old child to be able to graduate from college if something happened to you . Getting 20 year Term would do the trick . You want enough money to pay off your mortgage so that your spouse would not have to rely on your second income to make the house payment . 30 year Term life insurance , in that situation , could save your family untold heartache and lots of expense at a tragic time . In these situations , Term Life insurance could be considered a wise expenditure .


Input: When Is Term Life Insurance A Good Investment?

Output: Typically when you need a larger amount of coverage at a lower cost . Most term life insurance is purchase during peoples younger years after the purchase of a house or after the birth of a child . They see the need for extra coverage during the years that they will have a mortgage or until their children are out of college . This a small example of some of the needs that could make term life insurance a wise choice . To determine what type of insurance is right for your situation please contact your local agent .


Input: When Is Term Life Insurance A Good Investment?

Output: Term insurance is a good `` investment '' ? assuming the word `` investment '' has the broadest possible meaning as in a good use of money and not in the same narrow vein as a financial product that returns a dollar amount as an `` investment . '' The best use of term insurance would be for a set period of time where you know the start and the finish of the need that needed to be protected . A loan that needs to be repaid in ten years . Extra coverage while the kids attend k-12 . A business partnership that lasts for a season . Term insurance is a good `` investment when you have an endpoint where you no longer need it With Term , you care covering a piece of time , not a lifetime .


Input: Who Is Primary Medicare Or Employer Insurance?

Output: In most situations the answer to your question is based upon the size of the employer group . If the group has on average 20 or fewer employees then Medicare is the primary payer in a dual coverage situation -LRB- Medicare + group coverage -RRB- . If the group has more than 20 employees then the employer 's insurance coverage is in the primary pay position and Medicare is secondary . This covers the vast amount of situations . As with every government program there are other rules and thresholds that can apply in a variety of other situations to numerous to list here . One that may be encountered by some people is when they or a covered dependent become disabled . In that circumstance , for employers with an average of 99 or fewer employees then Medicare is the primary payer on that disabled person and the employer 's group plan is secondary . For more information or advice feel free to contact me .


Input: Will Medicare Pay For Family Member To Be Caregiver?

Output: This is a good question . Medicare pays for skilled nursing care and home health care services but not necessarily caregiver services by a relative . It would depend on your specific case . For example , maybe you 're an Rn working as a caregiver for an agency assigned to your grandmother . You can always call Medicare for your specific scenario .


Input: What Does POS Stand For In Health Insurance?

Output: POS stands for `` Point of Service . '' Depending on which type of health insurance policy you have you may find that there are two types of point of service . One is the Point of Service your policy requires you to go to when you need medical attention . HMO 's were designed with providing set locations for clients to get service . There are some PPO plans that function in the same way . Then there is the Point of Service where you went for medical attention outside of your preset coverage area . Ask you agent when purchasing a health insurance policy .


Input: What Does POS Stand For In Health Insurance?

Output: A POS plan is an `` HMO/PPO '' hybrid ; sometimes referred to as an `` open-ended '' HMO when offered by an HMO . POS plans resemble HMOs for in-network services . Services received outside of the network are usually reimbursed in a manner similar to conventional indemnity plans -LRB- e.g. , provider reimbursement based on a fee schedule or usual , customary and reasonable charges -RRB- .


Input: How Long Before Life Insurance Takes Effect?

Output: When I work with clients sometimes a question we have to work through is when the effective date will be . In many cases , this is due to another policy which is going to be replaced if the offer from the company applying with is acceptable . You have the ability to communicate with the company to let them know what date you would like the policy effective . Some companies will make the effective date the day you received the policy , signing the delivery receipt . Explain your situation to your broker/agent so you can strategize the best options for yourself .


Input: How Long Before Life Insurance Takes Effect?

Output: There are many types of life insurance policies to choose from . However , all polices have an effective date . Your coverage is bound and in force at 12:01 am on the effective date . It will remain in force until cancelled or the premiums are discontinued . As far as group life insurance , those policies end at the termination of employment . Unlike health insurance there is no provision to continue coverage unless the employee makes arrangements with HR prior to leaving the job .


Input: How Long Before Life Insurance Takes Effect?

Output: Most life insurance goes into effect after you pay the first premium and sign the necessary delivery paperwork . If you purchase a policy in which the premium is paid with the application , and you fill out a temporary insurance application and agreement -LRB- TIAA -RRB- , your policy could pay the death benefit , even if you died during underwriting . I say `` could '' because there are some conditions such as face amount limits , time at which coverage begins -LRB- some will start upon receipt of the premium ; some wait until after the exam is completed -RRB- , and whether you are able to answer no to a set of health questions.This coverage is temporary , until the company determines whether to approve your application , and at what rate . Simplified issue policies can go into effect in as little as hours or days .


Input: Does State Farm Offer Disability Insurance?

Output: Yes , State Farm does offer Disability Insurance . Their Long Term Disability policy goes under the title , `` Disability Income Insurance '' . Mortgage Disability Income Insurance and Individual Credit Disability Insurance are other variations of Disability Insurance that State Farm offers .


Input: How Does A Provider Enroll In Medicare?

Output: Through a Medicare Administrative Contractor -LRB- MAC -RRB- - private organizations that carry out the administrative responsibilities of Traditional Medicare -LRB- Parts A and B -RRB- . They also handle durable medical equipment , home health and hospice claims . MACs are assigned by state ; a provider can check with CMS -LRB- Centers for Medicare and Medicaid Services -RRB- to find their applicable MAC . New eligible providers complete and submit a form -LRB- CMS-460 -RRB- to their MAC along with a Medicare enrollment application . Each year providers who are currently enrolled in the Medicare Program have an open enrollment period -LRB- Nov. 15 - Dec. 31 -RRB- when they can change their current participation status beginning the next calendar year on January 1 .


Input: How Much Is Car Insurance Per Week?

Output: The cost per week for auto insurance coverage will vary depending on the many factors that make up your rate . I have seen coverage cost as little as about $ 8/wk for liability only . I would suggest contacting a local agent as they are best equipped to advise you of what coverage is available within your area and the cost associated with that coverage .


Input: Why Should I Invest In Annuities?

Output: Annuities are a safe way to save money and receive a competitive interest rate without the risk of the stock market . They are generally taxed defered until the proceeds are withdrawn . They are the only retirement vehicle that can guarantee an income for life . They avoid probate and they can also be protected from creditors in many cases .


Input: Why Should I Invest In Annuities?

Output: There are several talking points on annuities that should be considered . Here are a few highlighted features . The tax deferral of annuities is a high value feature if the annuity owner is in a high tax bracket . The fixed rates of annuities , currently between 2.75 % and 3.00 % -LRB- rate change frequently -RRB- generally credit more than money markets or bank certificates of deposit . Lifetime annuitization can generate income for the life of the annuitant , no matter how long they live .


Input: What Is All Risk Homeowners Insurance?

Output: -- > Normal 0 All homeowners policies will cover your home and personal property should it be damaged but the type of damage you are covered for is defined in two general types of insuring agreements . One type -LRB- Named Peril -RRB- will tell you what specific types of damage you are covered for . The policies will actually name them ; fire , lightning , wind , hail , theft , vehicle damage , vandalism , etc. . For damage to be covered , you have to prove to the insurance company that the damage you sustained was caused by one of these named perils . The second type of insuring agreement -LRB- often referred to as all-risk -RRB- covers you for any direct damage unless the policy specifically excludes or limits it . Under this form of insurance , any damage is covered unless the insurance company can prove a specific exclusion or limitation applies . The burden of proof shifts from you proving you are covered under a Named Peril policy to the insurance company proving you are not covered under an All-Risk type policy . A small difference which means a lot should you have a claim . The term all-risk isnt used too much anymore ; this type of policy is often referred to as Special Form or Open Peril policies . Whatever you want to call them , this is the type of insuring agreement you should look for . Most of us are not prepared to prove anything to an insurance company . Its also much easier to understand what you are not covered for simply by reading the exclusions and limitations .


Input: Can You Get Health Insurance With A Pre Existing Condition?

Output: You can now , under the new laws and regulations triggered by the Health Care Reform Act . Check with your Insurance professional to discuss your options or to receive some guidance or recommendation for a licensed professional to whom you might speak . Additional information is available on the State Exchage websites .


Input: Can You Get Health Insurance With A Pre Existing Condition?

Output: Under the new laws you can not be denied health insurance for pre existing conditions . You can contact an authorized agent in your area -LRB- state -RRB- who can help you obtain health insurance . Each state has their own name for the new health care reform plans . Here in California it 's called Covered California .


Input: What Is Medicare Replacement Insurance?

Output: Medicare `` replacement '' insurance would be something like a Medicare Advantage plan . When you enroll in a Medicare Advantage plan you are no longer in traditional Medicare . Your coverage is handled by a private insurance carrier . Your medical providers file claims with your Advantage carrier , not with Medicare . Your Advantage carrier has the final word on claim approval and payment .


Input: What Is A Life Insurance Net Cash Value?

Output: Permanent cash value life insurance accumulated tax deferred . The cash values credited to the policy are net of all policy expense loads before earnings are applied . some life insurance companies go further in their definition by adding policy surrender charges to accentuate the net proceeds at the surrender of the policy .


Input: What Does Medicare Hospice Care Cover?

Output: Medicare Hospice Care covers cost of nursing care , doctor 's services , health aid , homemaker services , therapy services , dietary counseling , social workers , medical equipment , medical supplies , all but 5 % of some costs associated with respite care . short term hospitalization for relief of pain or symptoms , grief counseling for family , and pain meds . Medicare Hospice Care will not cover medications to cure the terminal health condition . All covered services must be provided for and arranged by Medicare .


Input: Does Cobra Cover Life Insurance?

Output: No , unfortunately , Cobra does not cover life insurance . disability income insurance , or accidental insurance plans . It is basically for continuation of medical , dental , vision and prescription drug coverage for 18 months after a qualifying event that causes them to lose their group health coverage . Sometimes an exception can be made to extend the coverage for up to 36 months .


Input: Does Cobra Cover Life Insurance?

Output: No Cobra does n't cover life insurance as life insurance is not considered a core element of benefit plans under Cobra coverage . That said , most group life plans have made provisions for an individual to break off their coverage from the group plan and continue on with an individual coverage option . You have to review your plan summary to see if this is an option for you . One thing though , this will be very expensive life insurance as the company assumes the reason you are not simply purchasing new coverage on your own is that you ca n't qualify for a new policy , so they price this continued policy as if your health was very poor . In other words it 's a great deal if you ca n't get anything elsewhere and a terrible deal if you can .


Input: Will Medicare Pay For Rhinoplasty?

Output: Most cosmetic surgery is not covered under Medicare . Exceptions are made when the surgery is considered medically necessary to repair an injury or in the case of a radical mastectomy , to reconstruct the breast . If treatment for skin cancer of the nose caused disfigurement , Medicare may pay for restoration of your facial features .


Input: Will My Homeowners Insurance Cover Black Mold?

Output: It may in CT. . It is always best to chec with your insurance professional and ask about your specific coverage . Most policies these days do offer some limited coverage , usually about $ 10,000 for property damage and remediation , and this sill be subject to your deductible . In some cases , dependent upon state statute , the policy will also provide liability coverage in the event someone other than a resident family member becomes ill as a result of exposure to mold .


Input: Will My Homeowners Insurance Cover Black Mold?

Output: It may . Some homeowners policies do include limited mold coverage less your policy 's deductible . 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 A Roth Retirement Plan?

Output: A roth retirement plan is a plan that receives non-income deducted contributions . These non-income deducted contribution grow tax free and can be withdrawn from the plan without an income tax implication as long as the plan has been in force , or an individual has been a member of the plan for at least five years . Additionally , roth retirement plans use a first-in first-out -LRB- FIFO -RRB- distribution . This means that one can withdraw their basis from the plan before they must withdraw any gain .


Input: What Is A Roth Retirement Plan?

Output: To encourage people to prepare for retirement , individual retirement -LRB- IRA -RRB- accounts were allowed by congress . These plans allowed a participant to reduce their current income tax by the amount of the contribution to an IRA . The entire amount of the proceeds upon retirement is then taxable as ordinary income . A Roth plan approaches the same issue in the opposite way . It doesnt allow a current deduction for contributions to the plan , however , at retirement the entire amount in the plan , which includes all the interest earned , is paid to the participant without any income tax . There are limitations in contributions and you should consult with an accountant .


Input: What Is A Roth Retirement Plan?

Output: There are several types of Roth plans . The common characteristic is that the contributions to the plan are made with after tax dollars . That means that there isnt a current tax deduction for the contribution . However , the money deposited and the earnings in the plan can be withdrawn in retirement without paying income tax . These plans are particularly attractive .


Input: What Is A Roth Retirement Plan?

Output: Roth IRAs is an individual retirement plan that allows 2013 annual contributions up to $ 5,500 and an addition $ 1,000 if youre age 50 and older . Roth IRAs are NOT deductible , but they do accumulate tax deferred and distributions are tax free .


Input: Can I Cash In A Universal Life Insurance Policy?

Output: Universal Policies which have actually accrued a cash value -LRB- equity -RRB- can certainly be cashed in . Most older policies do not have cash value , since they were based on the days when interest rates were high . If yours does have cash value , because perhaps you paid in extra amount , known as over funding , they you may wish to do that , but whatever growth you have will be taxable . You would be better off perhaps in working with a knowledgeable agent who may be able to do a tax free exchange for you into a better policy for your needs . Gary Lane , Registered Representative and Agent , New York Life , 949 797 2424 . Thank you .


Input: Can I Cash In A Universal Life Insurance Policy?

Output: Yes , you can cash in a Universal Life Insurance policy . Actually you are talking about surrendering the policy . When you surrender a policy you no longer will have life insurance coverage and if there is any cash value in the policy you will receive the surrender value as well . A word if caution . ... this could create a taxable event if the cash value you receive is greater than the premium you have paid . Also , consider your current health and age . When you apply in the future the premium will be higher and if your health is not as good you could find yourself uninsurable .


Input: Can I Cash In A Universal Life Insurance Policy?

Output: Yes , you can cash in a universal life insurance policy . Or you can borrow from the cash value , which can keep the death protection intact . There are old UL policies that were projected to last a lifetime at a level premium due to high interest rates , but now are requiring higher and higher payments because interest rates are so low . The best way to know whether to cash those in or not , is to see what a new permanent policy would cost . New UL policies can be guaranteed to last a lifetime at the same premium . If you are still healthy , you may be able to get a guaranteed no lapse UL for about the same premium you are paying now . If your health is poor , you can perhaps reduce the face amount of your universal life policy to extend the years it will last .


Input: Can A Minor Be A Beneficiary On Life Insurance?

Output: Yes , a minor can be a beneficiary on life insurance . However , until they reach the age when they are legally considered old enough to manage their own money -LRB- which is either age 18 or age 20 , depending on the state in which you live -RRB- , someone else will need to be named to manage their money for them . 1 -RRB- This can be someone you specify in your will . Some people even name two guardians : one to take care of the money -LRB- guardian of the estate -RRB- and one to take care of the children -LRB- guardian of the person -RRB- . 2 -RRB- You can create a trust to be the beneficiary of the policy , with the trust spelling out how you want the money to be used on the minor 's behalf . 3 -RRB- If no guardian is specified or trust created , the court may have to appoint a guardian at the time after death when the policy proceeds are collected . You may want to visit with your lawyer and life insurance agent to be sure that you have your policy set up in the way that you want it to , if a tragedy should happen .


Input: How Much Is Cheap Health Insurance?

Output: It varies from person to person . Your age , where you live , if you use tobacco products , and if you qualify for a subsidy to reduce your premium will determine how much a good policy is going to cost . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . The cheapest health insurance will be under a bronze plan -LRB- and a catastrophic plan , if you 're under age 30 -RRB- . I always recommend consulting with an experienced health insurance broker before you apply for anything . We can help you determine the plan that 's going to be most suitable for your specific needs and budget . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any further questions . Thanks very much .


Input: Can I Get Car Insurance The Same Day?

Output: Often , you can get car insurance the same day ... assuming your driving record can be verified and other underwriting guidelines can be met . Although it is unusual , it can be accomplished . An experienced broker can be the difference of approving the policy within 24 hours or having to wait . That 's just one reason why they should be utilized .


Input: Who Guarantees Fixed Annuities?

Output: The guarantees for fixed annuities are made by the insurance company offering the annuity . When you purchase an annuity , you are purchasing a contract in which the obligations of each party -LRB- you and the insurance company -RRB- are spelled out . Their obligation is to set and honor the guarantees in the contract .


Input: Who Guarantees Fixed Annuities?

Output: An annuity is backed by the assets of a life insurance company . The life insurance company is supervised by the insurance commissioner in the state where they are domiciled . In most cases there are provisions to make sure that all promises are kept to policyholders that involve other insurance companies as well . Then the insurance commissioner in your state supervises the same annuity to make sure you receive what has been promised .


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

Output: Yes , you can cash out or what your referring to is surrendering the policy . Before you do , I would recommend that you consider a couple thoughts . First , if you surrender this policy , you will no longer have life insurance . Are you planning on replacing this policy ? Consider this carefully . Second , depending on how long you have had your policy , you might get some cash value paid to you . If there is a lot of growth , you may have to consider the tax consequenses as if you get back more than what was paid into the policy , the difference will probably create a tax burden . There are options other than surrendering a policy if you want the or need the cash value . Consider taking a loan or just withdrawing the cash value . In either case , please consult with your agent or broker to review all your options and any consequenses


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

Output: Yes , you can cash out a universal life insurance policy . If you have one of the original UL policies that were not guaranteed , and is now using your cash value to supplement the premium , you may find cashing it out and getting a new policy is your best option . However , if you are no longer able to get a new policy due to health issues , or if your age is making premiums very high for a new policy , you may be able to adjust your current Universal Life policy to make it work for you . Contact an agent you trust to evaluate your present policy , find you a new one , and then explain the pros and cons of keeping or surrendering your current UL policy . I am happy to help , if you 'd like to contact me .


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

Output: Yes , however , there are several things you should think about before deciding whether to surrender any life insurance policy . One of the things that most people do n't think about is their insurability , especially when they have an existing plan . They may have preferred rates at the time they got it , but now have a medical history and may be looking at standard or substandard rates on a new plan if they decided to get coverage again later on . If you 're looking at securing new coverage / replacing the old policy , you should compare the two structures and make sure it 's the most favorable course of action for you . After all things considered and you still want to cash out the policy , you can call the carrier/contact your agent and tell them you want to terminate the coverage -LRB- the amount you receive would be less any surrender charges or loan fees , if applicable -RRB- and they 'll send you the necessary paperwork . Please let me know if I can be of further assistance . Thanks very much .


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

Output: Universal life depends upon the development of accumulated funds and these can be surrendered and the policy cancelled . Because universal life does not have a fixed premium schedule , neither does it have a fixed cash value . If the plan was established to have a low deposit schedule you might find that the accumulation is not significant and in fact the policy could be facing a premature ending . Check with a trusted life insurance agent and get the straight information on your contract .


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

Output: That is a great question ! The answer is yes , but I 'd ask you to contact your agent first , and see if this is the best alternative for you . A couple of things could be bad for you incashing this type of policy out . The first is that you wo n't have any coverage , should you pass , and if you are older and in worse health than when you started it , may find it cheaper to keep it . The second is that if it built up a large amount of cash , that cash is most likely going to be taxable , and may put you in a higher bracket for the year you take it , which can be very expensive . This is really a case where maybe taking a loan out of the policy is better than closing it out . Please talk to your agent , and then decide what to do , okay ? Thanks for asking !


Input: What To Look For When Buying Disability Insurance?

Output: There are many factors to consider when purchasing disability insurance . Here are some of the basics to keep in mind . First how much money do you keep in saving ? Could you pay your bills for 2 weeks , a month , 6 months or a year ? This will help you determine your elimination period . This is the time that passes between your medical diagnosis of the disability and when you begin to receive benefits . The most common are 30-60-90-180-360 days with long term disability . If you need benefits within days or a week , consider purchasing a short term disability plan to pay faster but only pays up to a shorter benefit period such as 6 months to a year . many people buy both short term and long term plans . The last thing to consider is benefit amount . Disability plans can pay out as high as 70 % of your current income . However , some plans only pay up to 50 % or lower . Be sure the amount is correct . I recommend using an independent disability insurance broker to shop for your options and find the right plan at the right price for your unique situation . Our advise is free and we are compensated by the insurance carrier .


Input: What To Look For When Buying Disability Insurance?

Output: According to Marcy Pruitt , Managing Partner for Disability Insurance Services in Scottsdale , AZ , two features that should be included in a long term disability policy are `` residual '' and `` own occupation '' benefits . Coverage for residual disability means that a partial benefit is paid if the insured person is experiencing a loss of time or income due to residual effects of illness or injury . Thus , just because the employee can work part time , he/she will not lose all his/her disability benefits . Coverage for own occupation is paid if the insured is unable to perform his original job . Thus , benefits are not lost if the employee is able to work at a lower paying or less desirable job . Another helpful feature for young professionals is the Purchase Rider , which allows the insured person to purchase more disability insurance without underwriting , as his/her salary increases .


Input: Can You Add A Car To Your Insurance Over The Phone?

Output: In Florida , you should be able to add a car to your policy over the telephone . If you are purchasing a vehicle you must have insurance on that vehicle before you can drive it . Therefore , most dealerships will request that you call your insurance agent to add the newly purchased vehicle to your policy . That way , your insurance agent can verify the fact that you are purchasing the vehicle and verify the condition , make , model , year , VIN and purchase price . If they do not let you add a vehicle over the telephone , you may want to look at a different company .


Input: Can You Add A Car To Your Insurance Over The Phone?

Output: In some cases this may be possible . Whether or not this is possible is up to the policies of your carrier and your agent . If you are looking to add comprehensive or collision coverages with the new vehicle then the agent will more than likely want to verify the vehicle 's condition . 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 Does Self Insured Auto Insurance Mean?

Output: Self-insured auto insurance is when you meet your state 's financial responsibility requirements for driving on the road . You can avoid -LRB- sometimes -RRB- buying conventional auto insurance although it is not highly recommended . The risk of litigation would be enough to deter most persons and just let an insurer handle that aspect . Buying car insurance will accomplish that .


Input: Can I Pay AAA Auto Insurance With Credit Card?

Output: Great question ! I 'd ask you - why would you want to ? Unless you are paying off your credit card balances promptly every month -LRB- not many people do , unfortunately -RRB- all you are doing is increasing the cost of your payment . If your payment is $ 100 , and the interest on your card is 18 % , you effectively just paid $ 118 for the payment . Add to that the extra $ 18 next month , and so on until your balance is paid ... Please think twice about using your credit for small things . More often than not credit harms more than it helps . If you need help , please contact me . I 'm happy to help.Thanks for asking !


Input: How Much Does Renters Insurance Cost On Average?

Output: Rental units are unique . The unit itself could be standard but the contents and activities of the occupants vary a great deal . One company offers a rental insurance policy at a ridiculous price . All that really tells you is that they will write a policy with an extremely low limit of coverage . Find an agent , get a price and get covered .


Input: How Much Does Renters Insurance Cost On Average?

Output: On average $ 10-15 per month , however , that doesnt even indicate how much it might cost you . Your location , loss experience and policy limits could vary a great deal from average . The better question is , How much can you pay in damages if someone is hurt in your unit , or if everything goes up in smoke , how will you get the money to start over ?


Input: How Much Does Renters Insurance Cost On Average?

Output: That is a great question ! Renters insurance policies can cost more on one side of your town vs. the other , depending upon crime and age of the community , so it 's tough to give you a solid number . Things like how much coverage you want , your deductible , even how close your apartment is to a fire hydrant can make a difference . Your best bet is to ask your complex managers for recommendations , or find an independent agent who will help you find the right policy . Do n't worry , either way they are really fairly inexpensive . Thanks for asking !


Input: When To Sign Up For Medicare And Social Security?

Output: You can complete both tasks on the social security website , ssa.gov . There 's a series of prompts for you to follow , but it 's fairly easy to navigate . You can also sign up in person at your local social security office . Please note , if you 're applying under a special enrollment period for Medicare -LRB- espeically Part B -RRB- , I would recommend completing the paperwork at your local social security administration office . It can generally take a few weeks for the paperwork to be processed and for you to receive your confirmation and Medicare card -LRB- sometimes longer depending on their volume and time of the year -RRB- . Please feel free to contact me for further assistance . Thanks very much .


Input: Is Allstate A Good Auto Insurance Company?

Output: Allstate is indeed a `` good '' auto insurance company . They are a very old and established carriers that offers competitive rates in most areas . Along with State Farm , Farmers , Progressive and Geico , they are very well-knownandrespected . An experienced broker will compare Allstate to dozens of other car insurance companies so you receive the lowest available prices .


Input: Who Sells Indexed Annuities?

Output: The are hundreds of tax deferred indexed annuities that use domestic as well as foreign indices . Many of these companies also have excellent contractual provisions that are very pro consumer . Some of the leading companies in the indexed market place are Genwworth , Allianz and ING USA . Check out online brokerage companies that offer a large inventory of index annuity carriers .


Input: Will Renters Insurance Cover Flood Damage?

Output: Niether homeowners or renters insurnace will cover flood damage under normal circumstances . To get flood insurance coverage it must be purchased from a carrier that is appointed bye the federal government . Only select carriers provide flood insurance coverage and agents must be appointed with one of those carriers to be able to sell flood insurance coverage .


Input: Will Renters Insurance Cover Flood Damage?

Output: A standard Renters Insurance policy , like any standard property policy , will not include coverage for damage that results from a flood . This type of loss is always excluded in such policies and can only be obtained by purchasing a Flood Insurance policy . This is a federally funded program managed by FEMA and such policies are more than likely available through your Insurance Professional .


Input: Is Disability Insurance Pre Taxed?

Output: It depends on how the policy is structured . If an individual obtains disability insurance through their employer and the premiums are payed either by the employer or through a salary redirection agreement then they would be payed with pre-tax dollars and therefore any pay-out would be taxed . If one pays with funds that are included in their gross income and have been subjected to FICA and FUTA taxes then the pay-out from the DI would not be taxed .


Input: Does Motorcycle Insurance Cost More Than Car Insurance?

Output: This would be the most general answer possible but over all motorcycle is less then auto . But there are many many factors that can cause rates to go either way as it pertains to usage and vehicle itself . Simple example is on the motorcycle policy you are insuring a 2012 25k in value Harley and the auto policy a 2000 Toyota Corolla . Driving experience and how the vehicles are used are determining factors . Really this is more comparing an apple to an orange .