Input: Is Life Insurance Deductible For A Corporation?

Output: If the corporation purchases the life insurance for one of their Key Employees , and the beneficiary is the corporation , then Yes , the premium is a deductible business expense . New York Life does countless Key Employee Life Insurance Policies and I would be happy to discuss it with you . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: Is Life Insurance Included In Estate Tax?

Output: Life insurance is paid directly to the benefactresses of the life insurance policy . Generally most married couples use the marital deduction act to pass the proceeds and all other assets to the surviving spouse . If the proceeds remain with the surviving spouse , they are subject to federal and state estate taxation if the proceeds and all other assets exceed the federal unified credit and the state exemptions . If that possibility exists , then the policy or policies should be owned day one by an Irrecoverable Life Insurance Trust to avoid inclusion in the estate .


Input: Is Life Insurance Included In Estate Tax?

Output: Yes , life insurance is included in estate tax if the money is not passed to a surviving spouse , and the beneficiary is not an irrevocable life insurance trust . The amount of the estate that is over the exempt amount is subject to the federal and state estate taxes for that state .


Input: What Is A Qualifying Life Event For Health Insurance?

Output: You can only apply for health insurance outside of the annual enrollment period if you qualify for a special enrollment period -LRB- SEP -RRB- . This goes for health plans both on and off the health insurance exchanges . To qualify for a special enrollment period , you must have a `` life-changing event . `` Qualifying events include : 1 -RRB- Getting married 2 -RRB- Having a child 3 -RRB- Adopting a child 4 -RRB- Fostering a child 5 -RRB- Moving out of your current coverage 's service area 6 -RRB- Losing your existing health insurance under certain conditions including : 7 -RRB- Loss of group coverage through your employer 8 -RRB- Your COBRA coverage expired 9 -RRB- You get divorced 10 -RRB- You come off your parent 's group coverage 11 -RRB- Your plan was terminated by the carrier 12 -RRB- You lose your Medicaid eligibility , CHIP eligibility , or similar situation 13 -RRB- Becoming a U.S. citizen 14 -RRB- Leaving incarceration 15 -RRB- Becoming a member of an indian tribe : those in a federally recognized tribe can apply for new coverage/make changes to their existing coverage once a month throughout the year Please note , voluntarily terminating your existing coverage or your coverage was terminated by the carrier because you did n't pay your premiums are NOT considered qualifying events for a special enrollment period . Please feel free to contact me for further assistance . Thanks very much .


Input: What Is A Qualifying Life Event For Health Insurance?

Output: You can only apply for health insurance outside of the annual enrollment period if you qualify for a special enrollment period -LRB- SEP -RRB- . This goes for health plans both on and off the health insurance exchanges . To qualify for a special enrollment period , you must have a `` life-changing event . '' Qualifying events include : 1 -RRB- Getting married 2 -RRB- Having a child 3 -RRB- Adopting a child 4 -RRB- Fostering a child 5 -RRB- Moving out of your current coverage 's service area 6 -RRB- Losing your existing health insurance under certain conditions including : 7 -RRB- Loss of group coverage through your employer 8 -RRB- Your COBRA coverage expired 9 -RRB- You get divorced 10 -RRB- You come off your parent 's group coverage 11 -RRB- Your plan was terminated by the carrier 12 -RRB- You lose your Medicaid eligibility , CHIP eligibility , or similar situation 13 -RRB- Becoming a U.S. citizen 14 -RRB- Leaving incarceration 15 -RRB- Becoming a member of an indian tribe : those in a federally recognized tribe can apply for new coverage/make changes to their existing coverage once a month throughout the year Please note , voluntarily terminating your existing coverage or your coverage was terminated by the carrier because you did n't pay your premiums are NOT considered qualifying events for a special enrollment period . Please let me know if I can be of further assistance . Thanks very much .


Input: What Is A Qualifying Life Event For Health Insurance?

Output: A qualifying event are situations that allows you to apply for health insurance after Open Enrollment has ended . Your acceptance is virtually guaranteed . As a broker with more than 33 years of health insurance experience , these are the types of situations I handle on a daily basis . A list of the most common examples are listed below : -LRB- I have simplified the list and definitions for you -RRB- Involuntary loss of minimum essential coverage because of a job loss -LRB- voluntarily terminating coverage or policies that are cancelled for non-premium payment are not qualifying events -RRB- Change of family structure -LRB- i.e. marriage , divorce , death , birth of child -RRB- Gaining citizenship or permanent resident status Becoming newly eligible for a premium or cost sharing subsidy -LRB- generally results from mid-year income changes , but there are other examples -RRB- Becoming ineligible for a premium or cost sharing subsidy -LRB- generally results from mid-year income changes -RRB- Change of residential address that results in new health plan options available Did not enroll during the open enrollment period because of a mistake , misrepresentation or inaction of an officer , employee or agent of the Health Insurance Exchange Marketplace . The insurance company substantially violated a material provision of its health insurance contract The individual is a member of an American Indian Tribe -LRB- can enroll or make a plan change one time per month -RRB- The individual can demonstrate to the Health Insurance Marketplace that he/she has other extenuating circumstances that qualify him/her for special enrollment . You may visit my websites for additional specific information including rates .


Input: What Is Obamacare Going To Do To Medicare?

Output: The answer to this depends on if you believe the HHS , the media or the Republicans . The Republicans seem to suggest that billions of Medicare funds are going to be reallocated to Obamacare -LRB- PPACA -RRB- . The HHS seems to suggest that redundant services offered through two government programs will be modified .


Input: Does Homeowners Insurance Cover Sidewalk Repair?

Output: Normally not . Home Insurance is n't for maintenance expenses , it is for sudden and accidental occurrences for covered perils . So , if it was damaged in a covered peril -LRB- house fire or collapse would be two that might damage sidewalk -RRB- - then yes , it would be covered , but most of the time , sidewalk repair needs come from ground freeze or slow degradation over time . Those would not be claimable with insurance . If you have bad sidewalk , your insurance might require you to replace it so that there is n't a liability claim later -LRB- slip and falls and trip hazards -RRB- .


Input: Does Life Insurance Affect FAFSA?

Output: No life insurance does not presently affect FAFSA , neither death benefits in place nor cash values held in either whole or universal life insurance . These values are not included in the FAFSA calculation for expected family contribution .


Input: Does Life Insurance Affect FAFSA?

Output: Actually cash value life insurance does not effect FASFA . One of the few things that is n't asked for when determining a family 's ability to pay towards a child 's college tuition costs . Speaking as a father of two college students , I ca n't tell you how pleasant it was not to have to disclose cash values when completng the FASFA online . Another hidden benefit of cash values .


Input: How To Calculate Disability Insurance?

Output: Disability insurance is a morbidity product . Disability insurance is basically paycheck protection . And the price for that protection depends on your gender , age , smoking status , health history , current medical condition and vocation . It also depends on the length of coverage , the elimination period and owner occupation specialties .


Input: How To Calculate Disability Insurance?

Output: When calculating your disability insurance amount you must take into account a few factors . The first factor is how much money you will need to draw every month in case of a total disability whether it is from an illness or an injury . Most plans will limit your maximum monthly benefit to 70 % of current income and most will reduce your benefit when you become eligible for SSI which is the federal disability program through the US government . Next factor to consider will be how long can you live without drawing a monthly benefit ? This is the elimination period . An elimination period can be 30-60-90-180-360 days before you begin to receive benefits . The longer the elimination period the lower your monthly premiums . If you find you need benefits in less time than 30 days , it may be necessary to purchase a short term disability plan as well as a long term disability plan . The last factor to consider is the benefit period or how long you need benefits to pay in case of a total disability . Benefit periods can be as short as 2 years or can reach out to age 67 years old with many options in between . I highly recommend using an independent experienced disability broker to help you build the proper coverage for your unique situation at the best price possible .


Input: What Is Hazard Insurance On A Home Mortgage?

Output: Mortgage companies commonly use the term `` Hazard Insurance '' to mean broad form property coverege that is found in Homeowners Insurance policies . The term in this case really means the same thing . Mortgage Companies require that you show proof that you have adequate Property coverage in order to repair oir rebuild your home in the event of a covered loss .


Input: Will Disabled Veterans Have To Buy Health Insurance?

Output: Hopefully a disabled Veteran has access to the VA benefits . If not , then they have the option to purchase an on-exchange health plan through the marketplace assuming they qualify . The real answer is that that not only disabled Americans , but all Americans are required to buy/have essential health benefits due to the ACA law .


Input: Can I Use Roth 401K To Pay For College?

Output: You can use a Roth IRA to accumulate money for college . The withdrawal will not trigger the penalty tax . A Roth 401 -LRB- K -RRB- is a plan developed by your employer . Each employer establishes criteria to determine when withdrawal might be taken . You would need to consult with the plan document . You will need to include any money used to pay college expenses on the FAFSA the following year .


Input: Where To Get Life Insurance Quotes?

Output: You may consult several online quoting engines , but they may not tailor to your exact needs . Calling one or two local independent agents might be your best bet . Although the online quoting engines might get you a solid idea of what your premiums could like like , an agent will be able to help you adjust your coverage amount , identify any special concerns , and match your health profile with an insurance company which will rate you most favorably .


Input: Where To Get Life Insurance Quotes?

Output: The best way is to contact a life insurance agent . The agent will be able to quote your insurance as well as answer any questions and explain the policy he/she has quoted you . A good tip would be to find a broker because they will be able to run quotes for more than one company and can help you get the best price and the best policy .


Input: Where To Get Life Insurance Quotes?

Output: Life insurance quotes are easily accessible on the internet . Look for a website advertising `` instant '' life insurance quotes if you want to just compare prices for different term lengths and health classes without having to wait for someone to call you . However , for an accurate quote , it is essential to correspond with an agent to make sure that you are applying with the correct company with the best price for your health and other risk factors . Many people think they are a shoo in for the very best life insurance rating , but even having a parent with diabetes can cause them to pay much higher with some companies than others . 10 minutes on the phone can save you much money and frustration .


Input: How Much Should I Have For Life Insurance?

Output: A life insurance professional can provide a customized analysis using one of the conventional methods which center on a capital needs analysis . The calculations look at how much you need as a lump sum to create an income for your family . For a high level view , you can run some numbers yourself . There are a wide variety of online calculators available such as this one : WEBSITELINK Online calculators can help you visualize the need and better prepare you for a planning discussion with your agent who will help you ensure you have the right amount of life insurance .


Input: How Much Should I Have For Life Insurance?

Output: There are a variety of factors to consider . First , final expenses . This includes cost of burial , funeral , flowers , cemetery plot and other items . The national average is around $ 8 to $ 15,000 . Then you need to consider an emergency fiund if you are married . The normal recommendation is at least 6 months of your salary . This will provide your wife enough money to get on her feet and if minor children are involved , provide care for them until social security starts to pay . Next consider mortgage and other debts , if you were out of the picture , will there be enough money to cover those debts and still provide for the family . Do you want to help with your kids college ? Many people will provide for a college fund if they pas on prematurely . As you can see there are a lot of factors to consider . Once we determine the amount of coverage needed then we need to consider an affordable way to pay for it . This is where a good independent agent can help you . With a combination of term and whole life insurance most needs can be met . Find an experience agent who represents many life insurance companies and can help you select the plan that is right for you .


Input: Why Are My Homeowners Insurance Quotes So High?

Output: Every homeowners policy is rated specifically for your home . If you are concerned that you are paying more than a neighbor with a similar home , the difference might be found in the limits of the policy . There are other rating factors such as persistency with the company , a claims free record and discounts for carrying other lines of insurance with the same company .


Input: Who Administers Annuities?

Output: Life insurance companies created annuities and life insurance companies administer them by investing premiums , managing investment portfolios , and making sure payments are handled properly . However , if there is an option of where to invest -LRB- such as an indexed annuity offers -RRB- , the owner of the annuity has the ability to make that choice . In the case of group or gift annuities , third party administrators are often set up .


Input: What Is A Medigap?

Output: Medigap Insurance is also known as Medicare Supplement Insurance . You can always tell a Medigap Plan because it will have a letter like Plan F or Plan G , etc. . Medigap is designed to cover all or most of what original Medicare Part A & B does not cover . Medigap Plans can pay for deductibles , coinsurance and other services . An independent agent will be able to help you look at all the different plans and compare them to your needs . You can run a Medigap Quote on our website and review plans from all the major carriers at SummitMedigap.com .


Input: What Do Medicare Cover?

Output: Original Medicare covers the cost of hospitalization , doctor services , medical equipment , and some drugs . This is under Part A and Part B . When Part D is added , Medicare covers more prescription drugs . Other supplements can be purchased to fill in the gaps that are not covered by Medicare Part A or B.


Input: What Is An Accumulation Period With Disability Insurance?

Output: The accumulation period in a disability insurance policy is the time frame during which your elimination period must be satisfied . E.g. . You have an elimination period of one month and an accumulation period of three months . You break your leg , are out of work a week ; go back to work for a month ; your leg is n't healing correctly ; you have to have surgery to reset it ; you are out of work for 3 weeks and not sure when you get to go back . At this point your Disability policy will start paying because you satisfied the one month elimination period during the three month accumulation period .


Input: Can I Add A Family Member To My Auto Insurance?

Output: You can typicallyadd a licensed family member that resides in your residence to your auto insurance policy . Your rates will be adjusted accordingly based on the additional insured driving record and other information required by your carrier and also their vehicle if they have one to add to the policy .


Input: Can You Transfer Annuities?

Output: An annuity transfer from one annuity to another is a tax free 1035 exchange . This permits the transfer one annuity to another annuity without incurring a taxable event on the gain in the policy . A 1035 exchange also includes the notification of the policy surrender from the replacing company to the existing company .


Input: What Is The Average Monthly Premium For Medigap Insurance?

Output: That 's a great question ; however , it 's one that is not easily answered . It depends on your location -LRB- zip code -RRB- , age , tobacco status and sometimes your health . Here 's an example of the difference in monthly premium for standardized Medigap Plan F. Female , Age 65 , Non-Tobacco : Zip code 29575 -LRB- South Carolina -RRB- : $ 116 Zip code 67213 -LRB- Kansas -RRB- : $ 128 Zip code 34695 -LRB- Florida -RRB- : $ 177 It 's best to work with an independent agent specializing in Medicare Supplement insurance . We can provide you quotes for monthly premiums in just a matter of minutes from many insurance companies -- not just the ones you see online . If I can assist you with your specific situation , please feel free to contact me .


Input: What Does It Mean When A Life Insurance Policy Matures?

Output: With term life insurance it could mean the end of the contract period defined in the policy like a 20 year level term life insurance contract . In permanent life insurance language , it could mean the end of the contract as defined by the insureds age like maturity age 121 . Some participating whole life insurance uses similar but exact language for their policies called endowment at age 120 . Some permanent life insurance policies dont express a date or age , but the phrase , life of the insured .


Input: Does USAA Offer Short Term Disability Insurance?

Output: USAA does not offer private short term disability insurance plans . The only companies that I am aware of that offers this type of coverage are Mutual of Omaha and Assurity Life . Please contact me to assist you in determining the best face amount and features for your particular situation .


Input: Does USAA Offer Short Term Disability Insurance?

Output: No , unfortunately , USAA does not offer short or long term disability insurance . Short term disability insurance is very difficult to find , except when supplied in a group policy , The only two companies I know of that sell short term disability at this time are Mutual of Omaha and Assurity Life .


Input: Why Is Life Insurance Not A Good Savings Plan?

Output: There are only two reasons I can see which Life Insurance would not be a good place to `` save '' your money . First , if you are not looking for Life Insurance , Second , if you do n't have time to let your money grow . The primary focus of life insurance is to do what , provide a death benefit upon your death -LRB- or the covered persons death -RRB- . If you do not need or rather not looking for Life Insurance , you can find other better ways to save your money , like in mutual funds for example . Second , there are administrative costs to owning your life insurance which are paid for first , before any interest is applied to any excess money . Over time , and if you are funding the policy like it should be , then your cash growth can be tremendous due to tax deferral & compounding growth .


Input: Why Is Life Insurance Not A Good Savings Plan?

Output: A great deal of money has been saved in life insurance plans . The chief reason is that life insurance premiums look like a bill and that forces a person to save . Rate of return is not the issue , rather it is transfering money from current needs to future needs . No other investment is self-completing . If the insured dies the entire $ 1M is given to his beneficiary , even if he has only paid a single month 's premium . Every other investment triggers taxes where life insurance proceeds pass income tax free . It is an extremely flexible savings program with tax advantages and it is self-completing . That is an excellent savings plan for many people .


Input: How To Use Annuities In Retirement Planning?

Output: There are various retirement income strategies that depend heavily upon annuities . Annuities eliminate the major risk facing most retirees , that of living too long and running out of money . An annuity guarantees money for the balance of the annuitants life . This is particularly true when there are two retirees and income is needed for the balance of both of their lives .


Input: How To Use Annuities In Retirement Planning?

Output: In qualified retirement plans , it may make sense to annuitize the annuity before required minimum distributions become mandatory . In nonqualified retirement planning strategies , you may want to use the staggering annuity product tactic called annuity laddering to maximized tax deferral and utilize the combination of different annuities along you retirement timeline .


Input: Is A Fixed Annuity A Good Investment?

Output: A fixed annuity is one of the safest investments available . You could experience either higher or lower returns using other investments because not all investments have safety of principle . If you want a lifetime of income , the fixed annuity is unique in that is its main feature . You can not outlive the income from an annuity .


Input: When Does Medicare Cover Eyeglasses?

Output: Medicare does not cover routine eye exams or corrective lenses , but there are situations where they will cover eyeglasses . If you have had cataract surgery and need special glasses , Medicare normally pays for your glasses . You should pick a Medicare approved DME -LRB- durable medical equipment -RRB- supplier that accepts assignment in order to minimize your out of pocket exposure .


Input: What Happens When You Don't Have Auto Insurance?

Output: Not much until you are pulled over by the police or your involved in an accident . If you live in a state that requires licensed drivers to have auto insurance coverage then you could be sujected to fines and possible suspension of your license . Without auto insurance you and your family are at risk financially if you are involved in an accident .


Input: What Happens When You Don't Have Auto Insurance?

Output: The good news is that you wont have any premium payments if you dont have auto insurance . The bad news is that you are violating your states financial responsibility laws . Of course none of that is really major . If you have an accident you will discover quickly how expensive an automobile accident can be and if you are sued , you might as well sell everything you own .


Input: What Happens When You Don't Have Auto Insurance?

Output: They can fine you up to $ 10,000 OR WHATEVER THE REQUIRED LIABILITY LIMIT IS AND or imprisoned you for up to a year . Do n't worry though , by the time you get out the lawyers will be having a barbecue in your back yard and you family , if you still have one , will be down at the homeless shelter . It is ssoooooooooo much cheaper to purchase a common sense level of coverage and just go without carton os cigs or the case of bud . IT IS A REAL HONEST GOODNESS VIOLATION OF THE LAWS OF YOUR STATE . DRIVING A VEHICLE IS A PRIVILEGE NOT A RIGHT AND STATE TROOPERS HAVE NO SENSE OF HUMOR


Input: Does Allstate Sell Life Insurance?

Output: Yes , Allstate does sell life insurance through its affiliate companies of Allstate Life Insurance Company -LRB- Northbrook , Illinois -RRB- , Lincoln Benefit Life Company -LRB- Lincoln , Nebraska -RRB- , American Heritage Life Insurance Company -LRB- Jacksonville , Florida -RRB- , and Allstate Life Insurance Company of New York -LRB- Haupphage , New York -RRB- . Allstate offers Term Life , Universal Life , Variable Universal Life , and Whole Life insurance .


Input: Does Allstate Sell Life Insurance?

Output: Allstate Life Insurance Company and Allstate Life Insurance Company of New York sell Term Life Insurance , Universal Life , Variable Universal Life and Whole Life Insurance . American Heritage Life is now marketed under the name Allstate Benefits and provides Universal Life , Term Life , Critical Illness , Accident and Disability Insurance through employers via payroll deductions , similar to AFLAC . Allstate recently sold Lincoln Benefit Life .


Input: How Long Does It Take To Be Approved For Life Insurance?

Output: That is a great question ! The answer really depends upon the company , the amount of coverage that you desire , the type of policy you want , and your health . A simplified issue policy can be approved within minutes , and a large policy that requires a para-med exam can take a couple of weeks . The policy generally wo n't go into effect until the policy is approved , issued , and the first premium has cleared . Find a good agent who can help you find what you are looking for . I 'll help you , if you want , just contact me . Thanks for asking !


Input: How Long Does It Take To Be Approved For Life Insurance?

Output: Depends on the type of program you 're applying for . For non-medical policies - it can take as little as 48 hours or up to about 2 weeks -LRB- depends on whether they need to get a doctor 's statement -LRB- called an APS - attending physician 's statement -RRB- , waiting on the completion of a phone interview , etc. , if applicable -RRB- . For traditional programs -LRB- one 's that include an exam -RRB- - it typically takes about 4-6 weeks to complete the underwriting process . This is due to the amount of time it takes to process the lab work -LRB- blood tests , urine tests , ekg , etc. -RRB- , get the doctor 's statement -LRB- APS -RRB- , and for the carrier to review the file . If the carrier is having a difficult time trying to track down the doctor 's statement , they 're backed up case-load wise , or they need to get clarification on certain items , it may take a little longer . Even though it takes about 4-6 weeks on average for these programs , it 's helpful to allow 6-8 weeks for it to wrap up . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: How Long Does It Take To Be Approved For Life Insurance?

Output: It can take from hours to months to be approved for life insurance . If you are applying for a simplified issue policy that requires no exam or medical records , can be signed digitally and approved on the phone , it may go into effect very quickly . The cons : this type of policy does not dig too deep , and can decline you very easily if you do not fit their exact criteria . They also usually charge higher rates to cover the risk of not knowing everything about you . The pros are that you get by without the hassle of an exam and can get the coverage very quickly . When applying for a larger policy that does require an exam and medical records , the time in underwriting largely depends on when you schedule your exam and how long it takes for your doctor 's office to send your records to the life insurance company . Another thing that can hold up approval is if you saw a doctor that the underwriter wants input from , but records were not ordered from that doctor , or the doctor has left and no one knows where those records are . Finally , an insurance website or agency that is not skilled at working this type of case can slow things down by simply not knowing how to stay on top of cases like this . To speed up approvals for a case involving exam and medical records : 1 -RRB- use an agent who has experience in impaired risk underwriting ; 2 -RRB- list all the doctors you have seen in the past 5 years , and all doctors who made your diagnoses ; 3 -RRB- schedule your exam ASAP ; 4 -RRB- notify your doctors that medical records will be ordered , or obtain the records yourself ; and 5 -RRB- answer all questions from your agent and/or case manager promptly . These tips can cut the time for approval , even in a complicated case , from months to weeks .


Input: How Long Does It Take To Be Approved For Life Insurance?

Output: The answer is n't as simple as you might think . Each Insurance Company has different guidelines for the coverage you are looking for . The more complicated your history , the more underwriting necessary the longer it might take . Underwritting includes not just medical but financial as well if the face amount is high enough . Be sure to talk with your agent or broker about why you need the coverage and how much your needing .


Input: Term Or Whole Life Insurance Which Is Better?

Output: The BEST life insurance product is the one that meets your needs . Therefore , you must ask yourself ; What is the goal ??? Term and Permanent insurance are two different products for two completely different needs . Term insurance is a product for just that , a fixed term , with either a level premium for the selected term or an increase annual payment if you were to choose renewable term . Since the contract isfor a fixed period of time , premiums are typically a portion of what the same coverage would be with a Permanent product as there are no cash accumulation or surrender features , making it affordable for those who need it . Regardless , term insurance is great for those with a need for coverage in the event of a loss of life , for a fixed term , i.e. the income or performance of the insured will be relied on by others . Additionally , term insurance is a great way for families with a limited income , to protect and provide for the family and young children in the event of the loss of the family breadwinner or equally important , the caregiver -LRB- many `` breadwinners '' undervalue the benefit provided by the stay-at-home spouse and over look childcare costs ! -RRB- which will help with living and education expenses for the surviving family . In the future , these young families can always re-analyze goals and needs and when their income allows , and convert to a permanent product . Term is also very useful for businesses to protect themselves against the loss of production and revenue in the event of a death of a key employee . This type of insurance planning called Key-man coverage , is cost affordable when using term insurance . Lastly , many of the attractive riders that are issued with permanent life policies can also be issued with term policies . Permanent insurance is a product with virtually infinite uses depending on your needs . Permanent life insurance products are just that , permanent for the life of the insured , so long as the owner has paid a sufficient amount of premium to maintain the coverage . In comparison to term , permanent life insurance is more expensive in order to account for the cost of insurance in later years of the insureds life . However , there are multiple advantages to buying permanent coverage as soon as you can afford it when you are younger . Aside from a lower level premium amount to carry the policy to maturity , more time will allow for a larger accumulation of cash value in the policy . This cash value , accumulating at a tax-deferred rate that beats current treasuries , can also be accessed through policy loans and withdrawals in the event of emergency cash needs , can be used as collateral for business or personal loans and can also be used to support you during retirement , assuming that the need for coverage has been reduced . There are two main forms of permanent coverage , Whole Life products and Universal Life products , each with their own attractive features including dividends , increasing death benefit , flexible premiums and crediting rates indexed to stock market performances . Before making the decision to purchase either , be sure to sit down for a -LSB- typically free -RSB- consultation with a licensed life insurance agent who will help you identify both your short term and longer term needs and goals . Together , you should be able to put together an effective plan that will blend affordability and proper protection to meet your life insurance needs .


Input: Term Or Whole Life Insurance Which Is Better?

Output: The best life insurance ? is the life insurance that is in force when you die . term or whole irrelavant , as long as it is inforce . each may have different benifits while your making the premiem payment , but bottom line , have something . buy as much as you can afford , but do mot ove-rextend yourself .


Input: Term Or Whole Life Insurance Which Is Better?

Output: Whole is definitely better , if you can afford the start up years -LRB- 1-3 -RRB- . Term will give you more coverage at the start , for a smaller fee , so it is good for those with low income starting out . But once you can pay the whole life amount , it ends up being cheaper , because it is yours forever , the price never goes up , and you can borrow against it and fund college or a house tax free .


Input: Term Or Whole Life Insurance Which Is Better?

Output: Term and Whole Life insurance both have their place , and in their proper place each could be said to be the better choice . However that said , especially for a younger , healthy person , a Whole Life policy with a Mutual insurance company is by far the most useful , hence wisest choice . There are so many more advantages with Whole Life including the ability to become your own personal bank that in my opinion the only time one would want to purchase a Term policy is if they already had a significant whole life policy and they just want to insure a large purchase like real estate in a way that it would n't imapre their full use of their whole life policy .


Input: Term Or Whole Life Insurance Which Is Better?

Output: What do you need ? Each type of policy meets a certain need . The only reason insurance companies developed these types of policies is there was a need . Do n't let any agent or insurance company tell you that only one policy meets the needs of all situations . You need to clearly outline what you need insurance to do and then purchase the type of policy that best fits your budget . Remember , insurance is insurance ; you have other options to invest if you want to do that instead of using insurance .


Input: Term Or Whole Life Insurance Which Is Better?

Output: `` Better '' is a completely subjective term in this case . The question is really about covering your risk and whether that risk is temporary or permanent . Term insurance is usually used to offset a temporary risk such as a mortgage or other debt that has a specific term . Whole Life , and other types of permanent insurance , are generally used to cover risks that are ongoing with no expiration date , like your income or living expenses . When working with my clients , we spend more time identifying risks and classifying them as temporary or permanent , then assigning amounts to each . The we match the product to the risk and the budget . If cash flow is n't an issue -LRB- which it usually is -RRB- , I recommend 100 % permanent insurance as it 's the most cost effective over the long run . If you live long enough , the cash value in the policy will equal or surpass the premiums paid , effectively making your net outlay zero or better . What I usually find is that people do have a budget but still want to cover themselves properly and we end up covering the temporary risk with term insurance and the permanent risk with some type of permanent insurance , like whole life . The more important question is n't which is better , but how much is needed . Set up correctly , you could start out with mostly or all term insurance and convert it to permanent as your budget allows . Another factor to consider is age and insurability . The earlier in life you buy life insurance and the healthier you are , the less it will cost . In summary , the best insurance is the insurance you buy now , when you 're younger and healthier . Find a good advisor and he/she will help you determine the amount and type which best fits your situation . Get insured first and lock in your insurability . You can always make changes in the future .


Input: What Is Life Insurance?

Output: Life insurance is was invented in the days of merchant shipping where companys like Lloyds of London insured cargo . Out of property indemnification was born the idea of placing a price tag on people . Sir Edmund Halley , of Halleys Comet fame , developed the first usable actuarial tables for life insurance . Life insurance is a bi lateral contract between the policy owner and the life insurance company . The discounted dollars of the purchaser buys a leveraged amount of death benefit to indemnify beneficiaries , both domestic and business .


Input: What Is Life Insurance?

Output: Life insurance is a contract between an insurance company and an individual where premiums are paid for a specified death benefit . Depending on the type of policy , there may be dividends , guaranteed cash value , additional riders and conversion options . There are many forms of coverage and an experienced broker can explain your best options .


Input: What Is Life Insurance?

Output: Life insurance is a contract between you -LRB- the insured person or policy owner -RRB- and an insurance company . The agreement is as follows : -- The insurance company will pay monetary funds to a family member of your choice when you die -- You will send the insurance company periodic payments before you die The purpose of life insurance is to provide money to your loved ones left behind in order to make final arrangements , replace your lost income , provide money for your child 's college education and pay off any outstanding debts such as a mortgage . Life insurance is a way to leverage smaller increments of your money in order to provide for your family once you 're gone .


Input: How To Document Items For Renters Insurance?

Output: One of the best ways is to take pictures and complete an inventory . Save receipts for expensive items . Store your documentation in a fireproof box and a copy off premises with a parent or friend . The more documentation you have , especially for expensive items , the greater your chances of avoiding any disputes by a claims adjuster .


Input: How Much Does Hospice Get Paid By Medicare?

Output: Medicare pays the hospice provider for your hospice care . Theres nodeductible . Youll pay : No more than $ 5 for each prescription drug and other similarproducts for pain relief and symptom control .5 % of the Medicare-approved amount for inpatient respitecare.For example , if Medicare pays $ 100 per day for inpatient respitecare , youll pay $ 5 per day . The amount you pay for respite carecan change each year . You can get Medicare hospice benefits when you meet all of theseconditions : You 're eligible for Medicare Part A -LRB- Hospital Insurance -RRB- . Your doctor and the hospice medical director certify thatyou 're terminally ill and have 6 months or less to live if yourillness runs its normal course.You sign a statement choosing hospice care instead of otherMedicare-covered benefits to treat your terminal illness . -LRB- Medicare will still pay for covered benefits for any healthproblems that are n't related to your terminal illness . -RRB- You get care from a Medicare-approved hospice program .


Input: What Is NAV In Life Insurance?

Output: Net asset value or price per share in an allocation investment place in the separate sub accounts of a variable universal life insurance policy . Many high tax bracket investors appreciate the tax deferral and potential tax free income from variable universal life insurance and use the NAV as a monitoring gauge for buying and selling securities .


Input: How To Report Life Insurance Proceeds?

Output: The wording suggests the question concerns income tax reporting . Life insurance death benefit proceeds are usually exempt from income tax . There are exceptions . In some cases where a policy is owned by the insured 's employer , the proceeds may be taxable income . The proceeds may also be taxable if the policy -LRB- ordeath benefit -RRB- was sold or otherwise transferred in exchange for valuable consideration . If a policy is owned by a qualified plan , the death benefit will not be taxable when paid to the plan but would be taxable to the plan beneficiary when withdrawn .


Input: Can People On Disability Get Medicare?

Output: If you qualify for Social Security Disability and are disabled for two years you will qualify for Medicare . I have many clients on Medicare and Social Security Disability . The key here is Social Security Disability . If you are collecting on a private disability policy and you are not yet on Social Security Disability then you can not get Medicare .


Input: How To Find Good Homeowners Insurance?

Output: Know what coverages you are looking for first . Do you have a local agent that you comfortable with that you have worked with in the past ? Choosing a homeowners policy is more about having an agent or carrier that you are comfortable working with as most of the coverage options offered will be available with many carriers at compatible prices .


Input: How Does Filing A Car Insurance Claim Work?

Output: Most insurance companies provide 24 hour a day claims reporting . Many insurance companies provide apps for cell phones that will handle a claim report . The claims people will gather information . Their first question is usually , Is anyone hurt ? They will want to know if the car can be driven . They will need to know when the accident occurred , how much damage there is to your car , and the other car -LRB- if it involves another car . -RRB- They will want to know specifics about the other car and driver and the identification of potential witnesses to the accident .


Input: How Does Filing A Car Insurance Claim Work?

Output: Claims reporting is , usually , a fairly simple process . Most insurance companies provide you with a menu driven , 24 hour toll free number to report claims . However , we find many of our insureds prefer to report the claim to our agency before contacting the insurance company . If the claim is clearly the fault of the driver of the other vehicle and no one in your vehicle is injured , you may be better off reporting the claim to their insurance company . However , your agent is in the best position to advise you . Do yourself a favor and get your agent involved in the claims process as early as possible . www.HamiltonInsGroup.com www.Nationwide.com/TimHamilton


Input: Is Fentanyl Covered By Medicare?

Output: Fentanyl would be covered under your Medicare Advantage Plan or Medicare Supplement . These are provided by private insurance carriers such as United Healthcare , Humana , etc - so you should have your agent check the carrier ` sformularies . However , I have a customer that takes Fentanyl and we had no problem obtaining coverage . The patch was about $ 45/mo .


Input: What Is Stonebridge Life Insurance?

Output: Stonebridge Life Insurance Company is an AEGON company , as is Transamerica . JC Penney uses Stonebridge Life Insurance for its company 's customers . Stonebridge Life Insurance Company offers Term life insurance with several choices of term lengths , and Whole Life insurance . To compare Stonebridge Life Insurance rates with those of other companies , find an instant quote engine on the internet or call an agency that sells more than several products and compare them `` apples to apples '' .


Input: Is United Of Omaha Life Insurance A Good Company?

Output: United of Omaha is an affiliate of Mutual of Omaha , which had its roots in 1909 . Mutual of Omaha is rated A + by AM Best , A1 by Moody 's , and A + by Standard & Poor 's . United of Omaha has some excellent life insurance products for persons of most types of health . It is sold as Companion Life in New York .


Input: Does Homeowners Insurance Cover ATV Accidents?

Output: Homeowners insurance generally excludes any type of activity involving a motor vehicle . The question does not really give enough information to answer the question adequately . What this all comes down to is liability . Are you responsible for someone else s bodily injury or property damage and then how did it happen ?


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

Output: You can get life insurance on your father by applying for it ! The assumption is that you have an insurable interest -LRB- perhaps estate taxes etc. . . -RRB- and he is aware and approves of the application . Working with a full-time financial planner or broker will help you determine the best company and policy and which type of contract is the most suitable .


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

Output: To get life insurance on a parent you must have his knowledge and consent . He will have to sign the application and qualify medically . It is not unusual for a child to take out a policy on a parent to cover final expenses . In some cases it may even be preferable due to certain Medicaid rules .


Input: Does Renters Insurance Cover Earthquake?

Output: Good Question . Earthquake coverage is typically not afforded under a renters policy in New York State . In other areas of the country it may be different - especially those areas that are susceptible to earthquakes . I do know of a few insurance companies that will add earthquake coverage on to the policy , however it can be costly . Hope this helps .


Input: Does Renters Insurance Cover Earthquake?

Output: In California earthquake coverage must be offered every two years to the insured . It is not automatically covered . Earthquakes are relatively common in some parts of California and the cost for earthquake insurance reflects that frequency and the severity of the claims experienced in a given area . The coverage frequently has a reduced limit and a different deductible for earthquake related damage .


Input: Does Renters Insurance Cover Earthquake?

Output: Great question ! Unless you live in an area that is prone to them , most insurance policies are not going to include earthquake damage in the coverage . Flooding is another natural disaster that is normally not included . If you are worried about earthquake damage , call your agent , and see if there is a rider available to add to your policy . Thanks for asking !


Input: Can I Extend My Term Life Insurance?

Output: Term policies are known by the period of time when the premium is guaranteed to remain level . For example , 20 year level term . That doesnt always mean that the policy expires in 20 years -LRB- although it might . -RRB- If it doesnt expire the renewal premium for every year after the guaranteed level term period increases and in later years the premium becomes very expensive .


Input: Can I Extend My Term Life Insurance?

Output: Most term life insurance policies can not be extended , although some policies do explicitly offer that feature . The premium is higher when a policy is extended , and that means the premium is usually MUCH higher . If you are unsure if you will need your policy past a certain point , it is usually more economical to purchase a longer term upfront , than it is to get to the end of your term policy and have to figure out how to add a few more years to it .


Input: Can I Extend My Term Life Insurance?

Output: That is a great question ! The better question though , is do you really want to ? Term policies become very expensive very quickly when you renew -LRB- or `` extend '' as you asked -RRB- them . I 'm talking in multiples more expensive per month . Unless there is a really good reason why you could n't get another term or a whole life policy to replace the one you have , I would n't advise renewing/extending the one you have . These policies are just not designed well for consumers who need more time . I hope that helps , thanks for asking !


Input: Can I Extend My Term Life Insurance?

Output: This depends on what type of policy you have . For example , there are certain polices known as Term UL policies that many companies have sold that have an extension option for the policy that will allow you to extend the term period and pay a level premium . The premiums are generally more expensive for the extension but not like a traditional term policy with increasing premiums . Check with your insurance company on the options you have . Another option that carriers make available is a term conversion . This allows you to convert part or all of your term insurance to a permanent policy without having to go through underwriting . These options vary from company to company but for some clients it can be a great option .


Input: Why Do Renters Need Insurance?

Output: Renters need renters insurance to protect themselves and their families from potential financial hardship that could be caused by an accident , fire , or theft . Renters insurance provides liability and personal property coverage for the insured and the immediate family of the insured up to the policy limits less the policy deductible . Contact a local agent to discuss the details of renters insurance coverage and cost of coverage in your area .


Input: Could I File A Car Insurance Claim Without A Police Report?

Output: There are certain loss claim reoports that can be opened without a police report . In an accident situation , it is , however , always best to have a report filed with the police . But if for example , you hit a deer , or your car catches fire or a tree falls on it , police reports are not generally necessary . If however , it is stolen or vandalized , in most cases , your insurance company will need to see a police report in order to settle your claim .


Input: Could I File A Car Insurance Claim Without A Police Report?

Output: You can file a car insurance claim without a police report . However , if the accident was not your fault , you definitely would want to file a report . Calling the police will often protect yourself in case the story of the other party changes . It is also possible the insurer will request that you file a report .


Input: Does Car Insurance Cover A Blown Engine?

Output: A typical auto insurance policy will not cover a blown engine in a vehicle . If you have a maintenance or repair endorsement on your policy , then you may have some coverage . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Can I Get Car Insurance If I'm Bankrupt?

Output: That is a great question ! You will be able to get a policy if you 've filed for bankruptcy , but if you are broke and unable to make the payments , you will not have the coverage long enough for it to matter . There are companies that do n't consider credit when they issue policies , but they typically are very bare bones . Have an agent help you , and as long as you can keep up on the payments , you should be fine . Thanks for asking !


Input: Is Life Insurance Taxable?

Output: Video Transcript : Today 's question is , is life insurance taxable ? Well , at death of the policy insured , the actual proceeds generally go to the beneficiaries of the policy , absolutely tax free . It takes about 60 days for it to process , and your beneficiaries will receive it . And of course , they can use that to pay off indebtedness , or to put money aside in some kind of investment for future obligations like college education or retirement of maybe a surviving spouse . But the beauty of it is , sometimes you can use this for all kinds of ideas that you never thought about , including ongoing income for the surviving spouse ; an idea that is really becoming much more popular today . Some business situations as well as some estate situations may incur a tax , depending upon how it 's owned . But predominantly , most life insurance goes tax free to their beneficiaries .


Input: Is Life Insurance Taxable?

Output: Life insurance that is not left to the estate is generally not subject to income tax . If you are the beneficiary and choose to receive payments over time , rather than in a lump sum , you may pay income tax on the interest that is paid to you by the life insurance company . Also , if the policy was a modified endowment contract , or had more cash value than the original face amount , there may be some tax consequences . Most people receive their benefits tax free . Life insurance left to the estate -LRB- either on purpose or by default , because no listed beneficiaries are alive -RRB- will be subject to probate expenses and taxes . Also , life insurance is subject to state and federal estate taxes if it exceeds the exempted amount and conditions .


Input: Which Life Insurance Is Best In Massachusetts?

Output: The key question concerning life insurance is how much your family needs , then the questions of what kind , and what companies are best for you can be answered . The best process is to contact a local agent who can guide you through the process of determining how much life insurance your family needs , then research the best company options .


Input: Which Life Insurance Is Best In Massachusetts?

Output: To find the best life insurance policy in Massachusetts , you can first go to a website that offers multiple quotes to see which has your best price . Pick the top 5 or so and look at the AM Best ratings for each company . Getting a reasonably priced policy with a company rated over A should be a good choice . There is no one best life insurance company in Massachusetts , but you can get the best option for you .


Input: Can You Use P.O Box For Car Insurance?

Output: This is something that would be good to talk about with your Insurance professional , but I think you will find that in most states , Connecticut included , the Department of Motor Vehicles wo n't allow you to register a car to a Post Office Box number . You will need a physical address for that . Of course , you can always have your insurance documents and billing statements sent to your PO Box if you choose .


Input: Does Renters Insurance Cover Diamond Rings?

Output: Most renters or tenants insurance policies cover lost jewelry . However , they almost always limit the amount of loss . Frequently the limit is around $ 1000 . That loss would be adjusted by the deductible . If you require more coverage , most tenants policies can be endorsed to provide worldwide coverage for jewelry . These endorsements normally require an appraisal and the value stated is the appraised amount .


Input: What Is Average Cost Of Disability Insurance?

Output: The average cost of Disability Insurance is about 1 % to 3 % of the annual salary of the person holding the policy . Rates depend on the health , age and occupation of the Insured , as well as the monthly Disability Income desired -LRB- which is limited by the annual earnings of the Insured person -RRB- .


Input: What Is A Deductible In Health Insurance?

Output: A health insurance deductible is the amount you must pay before your benefits `` kick in '' and begin paying -LRB- for most services - some benefits , such as preventive care , provide coverageimmediately -RRB- . The deductible amount varies by plan . For example , under the new Affordable CareAct , a catastrophic plan may feature a $ 6,350 deductible , a bronze plan may feature a $ 5,000 deductible , a silver plan may feature a $ 3,000 deductible , a gold plan may feature a $ 2,000 deductible , and a platinum plan may feature a $ 0 deductible . These figures are not the same for all plans on each metal level .


Input: What Is A Deductible In Health Insurance?

Output: A deductible is the amount that you are responsible for paying on your health insurance policy . Depending on the policy , you may only have to pay the amount when you have a major medical claim . It is possible -LRB- especially with catastrophic policies -RRB- , the deductible will apply to other types of medical expenses . Typically , 100 % of preventive expenses are NOT subject to a deductible , and often office visits and prescriptions only are subject to a small copay . As an experienced broker -LRB- 33 years in the business -RRB- , our job is to effectively recommend the best deductible for our customers by researching and comparing the best options from the top-rated companies .


Input: What Is The Best Medicare Gap Insurance?

Output: There is no single `` best '' Medicare gap insurance plan . If you find a plan that covers everything you need , and it is affordable , then that is the best plan for you . Medicare gap insurance rates vary significantly by zip code , age , tobacco use and plan . Tobacco use often adds 20 % to the rate but can be more , depending on the carrier . The most popular Medicae gap insurance plan is Plan F . It is also the most expensive . There is no reason to pay more for the same plan . When you do so you are simply throwing your money away . #GeorgiaMedicarePlans


Input: Which Medigap Insurance Company Is Best?

Output: Generally , it does n't matter because Medigap plans are standardized - meaning the benefits are exactly the same for a given plan letter -LRB- and each carrier has to pay the benefits the same way -RRB- , regardless of which insurance company is providing the coverage . The only difference between the plans being the price you pay for it . One thing you need to consider when deciding which plan you want to apply for and which carrier you want to apply with is what 's the status of your current medical history . If you have major medical issues , you may have to stick with the same plan with the same carrier for many years . For example , if you have/recently had cancer , diabetes receiving insulin and have high blood pressure -LRB- likely being treated for it for the rest of your life -RRB- , heart diesease , etc. , you may want to look at a plan F or G with a carrier that offers the coverage using the community-rating or issue-age rating methods as these will limit your premiums in the long run because you may not be able to qualify for a Medigap plan with another carrier after your initial open enrollment period . If you 're someone who does n't have any health issues and wants just whatever is cheapest for a given plan letter -LRB- again , Medigap plans are standardized -RRB- and try to reshop for a new plan when your rates go up , then you may want to look at a carrier who uses the attained-age rating method . The attained-age rating method generally offers the cheapest rates for those on the younger side and on Medicare -LRB- e.g. ages 65-75 -RRB- , but the rates increase each year -LRB- based on age -RRB- . Remember , every company can have a mid-year rate increase for all of their plans . I hope the information is helpful - please feel free to contact me for help with your coverage , including plan quotes and comparisons , and if you have any other questions . Thanks very much .


Input: When To Add Child To Car Insurance?

Output: Only licensed drivers are listed on auto policies in California . Those driving a vehicle with a learners permit are not included . You should notify your agent as soon as your inexperienced driver is licensed . In California the driver will be considered inexperienced for several years in two steps .


Input: Who Has The Cheapest Car Insurance For New Drivers?

Output: Where do you get the cheapest auto insurance and which company offers it ? This is a question we are often asked , since we 're one of the nation 's top auto insurance Agencies . The key to finding the best offers is shopping the right way . Since there are hundreds of companies that offer coverage , allowing a broker -LRB- do n't worry - no fees -RRB- to compare the best options for you , will usually save you hundreds of dollars . Is it Geico ? Progressive ? Esurance ? It depends on many factors and a broker will be a tremendous help .


Input: Who Has The Cheapest Car Insurance For New Drivers?

Output: That is going to depend on the same factors that make up your rate for your auto insurance coverage . Each company is going to rate each driver differently based on the amount of risk that the company can bear with in a certain risk class . Always remember cheapest is not always best . If one company was the cheapest and the best there would only be one company out there .


Input: How Much Can I Put In A Retirement Plan?

Output: In 2013 the contribution limits for qualified plans like 401 -LRB- k -RRB- , 403 -LRB- b -RRB- , most 457 plans and the federal governments Thrift Savings Plan are $ 17,500 . The catch-up contribution limit for age 50 and older is $ 5,500 per year . The limit on annual contributions to a traditional Individual Retirement Accounts -LRB- IRA -RRB- is $ 5,500 .


Input: What Does Replacement Cost Mean In Home Insurance?

Output: Simply stated , `` Replacement Cost '' is the estimated amount that it would cost to replace your home to the condition that it was prior to a covered loss , using materials of like kind and quality and subject to current building codes . It is a good idea to factor in the cost of demolition as well , since if there is a loss , all or a portion of your current home may have to be leveled in order to prepare the sight for reconstruction .


Input: What Does Replacement Cost Mean In Home Insurance?

Output: The difference between replacement cost and fair value coverage can be significant . If a home with a roof 15 years old suffers hail damage , fair value coverage would only pay 25 % of the cost of a new roof assuming a 20-year roof life . Replacement cost would pay the full cost of replacing roof . This applies to both the home and all its contents . Carefully consider the difference in premium between replacement cost and fair value coverage .


Input: What Does Replacement Cost Mean In Home Insurance?

Output: `` Replacement Cost '' as a term in a Homeowners ' policy refers to the `` Settlement Option '' that your Insurance Company would use when processing your claim . In general terms , replacement means that your item would be replaced with one of like kind and quality should it be lost or severely damaged as a result of a covered peril . Most modern Homeowners ' policies include this with regard to your Personal Property . Some still offer this for your Dwelling but in most cases these days , a policy will have some modified version with regard to the house itself . The principal is very much the same in that the policy will pay for replacement using building materials of like kind and quality , but the total amount available may be limited to 125 % of the current stated dwelling amount listed on the policy . That is why it is a good idea that you and your Insurance Professional review your coverage and have an up to date `` Reconstruction Analysis '' completed every couple of years or so .


Input: Can An HSA Pay Health Insurance Premiums?

Output: Health Insurance Premiums generally can not be paid for with funds from a HSA . The situations where Health Insurance premiums can be paid by a qualified distributions from a HSA is when an individual is over age 65 and paying for Medicare , when an individual is being covered by COBRA health care continuation coverage , and health care coverage while an individual is receiving unemployment compensation . That being said , one should try to avoid using their HSA for such purposes unless absolutely necessary . Your HSA is earning compound interest on the funds in your account , and at age 65 you will be able to start receiving distributions from the account in almost the exact manner as if it were an IRA . Given the benefits of having a duel health care expense/retirement fund that has a `` healthy '' balance , one should try to minimize unnecessary distributions .


Input: What Does Islam Say About Life Insurance?

Output: Takaful is a type of insurance established an an alternative to commercial insurance to address some of the inherent incompatibilities - interest , gambling and uncertainty principles - with Sharia law . Members contribute money into a pooling system to guarantee each other against loss . I do n't believe there are any in this country . According to AM Best , the first Takaful insurer was established in 1979 and the market has grown to comprise over 200 companies primarily in the Middle East and Malaysia .


Input: What Does A Life Insurance Physical Entail?

Output: A life insurance physical usually entails giving a blood sample and urine sample , answering health history questions , being weighed and measured , and having your blood pressure and pulse taken . Sometimes an EKG is given . The exam is usually done in your home or place of your choice and takes about 20 minutes .


Input: Does Life Insurance Test For Pot?

Output: Life insurance companies do test for THC , the chemical in the blood that is deposited after smoking or ingesting pot . If they find THC in the blood , they will ask you to fill out a drug questionnaire , and from there decide how to rate you . With some companies , infrequent marijuana use does not affect your rates much at all . If you are taking a policy that does not require an exam -LRB- called nonmed or no exam policies -RRB- they will not test for pot . They do usually ask about drug use on the application .


Input: Does Life Insurance Test For Pot?

Output: Usually , most policies require a quick medical exam , which includes a urine sample . And they will test for pot . The good news is that most companies will not decline you coverage . They will just consider you a `` Smoker '' and give you smoker rates . But , currently , I know of 3 companies that offer `` Non-Smoker '' rates to pot smokers . Aviva is the most relaxed about it . And will allow up to a `` Preferred '' non-smoker rating for using 2 times per week or less . Lincoln National is next and will give Standard Non-Smoker ratings to people who smoke 2 times per week or less . MetLife allows for 1 time per week and will offer a Standard nonsmoker rating . Prudential allows for 2 times per month , and offers a Standard nonsmoker rating . Long story short if you smoke Pot , Aviva or Lincoln National will be your best bets . And this list is as of 3/2013 , it could easily change .


Input: Does Life Insurance Test For Pot?

Output: Yes , usually testing during the life insurance underwriting process will include testing for `` pot '' . While it may not mean a decline of the offer of insurance , it will change the price offered in many cases . Many `` pot '' smokers do not smoke cigarettes , some insurance carriers consider `` pot '' smokers to still be smokers and adjust the premium upward . As we move into a time where many states are legalizing `` pot '' expect some changes in how `` pot '' is considered , but it may take a long time before this happens .


Input: Does Homeowners Insurance Cover Structural Damage?

Output: Yes homeowners insurance may cover structural damage depending on what damaged the structure . The damage must be caused by a peril of the policy . For example but not limited to fire , wind , hail , explosion , falling or colliding objects just to name a few . You would need to discuss this with you agent to see the details of your particular policy for coverage 's and exclusions that may apply .


Input: Does Homeowners Insurance Cover Structural Damage?

Output: Structural damagee that is caused by a covered loss that is outlined in your policy would be covered under the terms and conditions of your policy . This really needs to be discussed with your insurance professional directly . There are things that can cause structural damage to a home that are outside of the areas that are covered in a Homeowners policy . Things like earth movement and Flood are standard exclusions for examle . You can include coverage for Earth movement in your homeowners policy in most cases , but Flood Insurance is always a separate and specific policy that needs to be purchased separately . Again talk to your insurance professional or check our the FEMA website and look for `` Flood Smart Certified '' Insurance Professionals in your area .


Input: When Can A Life Insurance Trust Be Created?

Output: A life insurance trust -LRB- revocable or irrevocable -RRB- can be created through an attorney - the biggest advantages of a life insurance trust is that it can control how the proceeds are distributed and keeps the proceeds out of the insured 's estate , making it a great tool for estate planning purposes . In general , with life insurance policies and use of trusts , the trust will be the owner and beneficiary of the policy and the insured is the person who the trust is based around .


Input: Is A Health Insurance Premium Tax-Deductible?

Output: If you are self employed and you contribute to your own health insurance plan then the tax code allows deductions for `` contribution to a self employed health insurance plan . If you work a corporation and you are a W-2 employee your employer can sponsor a Health Insurance Plan , like a `` cafeteria plan '' and your contributions are paid with `` pretax dollars '' . The complication arises when you have incurred expenses and you want to deduct those expenses to reduce your tax then the expenses can not be deducted because your contributions to the plan are paid with `` pretax dollars ''


Input: Where Can I Find Cheap Car Insurance For Young Drivers?

Output: That is going to depend on your geographic location primarily . The best thing that you can do is check with some of your friends and family to start with . They will have a local agent that they are comfortable with or a carrier that they have some experience with and this should provide a good starting point . Every carrier has it own standards and risks that it is capable of handling that is reflected within its ' rates . It is best to work with a local agent as they will be the front and back line when it comes to dealing with your coverage .


Input: Will Health Insurance Cover Doctor Visit And Labs?

Output: Most major medical health insurance plans do cover doctor visits and law work . Some plans will include the lab in your copay if the lab is on the premises . But if the lab work is processed offsite , your lab work may be applied toward the deductible . Health insurance plans that do not have copays usually cover the doctor visit and lab and these claims accrue toward your deductible . #GeorgiaInsuranceShop


Input: Will Health Insurance Cover Doctor Visit And Labs?

Output: Yes , a higher cost for an outside lab network is always possible . Usually if your doctor is within your plan network , the lab they use will be as well . It never hurts to ask that any service is ran through your plan network . There usually is someone in the office that handles billing and can access information on the plan summary and plan participating entities .


Input: Does Health Insurance Cover Drug Rehab?

Output: Most major medical plans do cover alcohol and drug rehab treatment as well as a host of other psychiatric issues . Some plans will have annual plan limits for outpatient and inpatient care . Also , some individual major medical plans may not have any psychiatric benefits , while others will include psych benefits but only after a waiting period of 12 months or so . Check your policy for exact coverage and any limits .


Input: Does Health Insurance Cover Drug Rehab?

Output: Yes . The benefits under each plan varies by company and metal level -LRB- bronze , silver , gold , and platinum - there 's also a catastrophic plan available to individuals under age 30 -RRB- . However , every plan has a set of 10 essential health benefits that they must meet , but carriers have the option to offer coverage above and beyond the essential benefits -LRB- the metal level is the big indicator on that -RRB- . The essential health benefits that every plan must meet are : 1 -RRB- Ambulatory Patient Services Health care services without being admitted to a hospital -LRB- e.g. visiting a doctors office or a clinic , home health services , and hospice care some plans may limit home health and hospice care benefits to no more than 45 days -RRB- . 2 -RRB- Emergency Services Care of conditions requiring immediate treatment -LRB- typically at an emergency room -RRB- , including ambulance transportation . You also cant be penalized for going to an out-of-network hospital . 3 -RRB- Hospitalization Care provided during a hospital visit , including services provided by doctors , nurses , and other hospital staff , medical tests , medications given during your stay , as well as room and board . Care received in a skilled nursing facility is also included in hospitalization coverage -LRB- note : some plans limit skilled nursing facility benefits to no more than 45 days -RRB- . 4 -RRB- Laboratory Services Tests a doctor completes to help diagnose an injury , illness , or other medical condition , or to monitor the progress of a treatment . Some preventative screenings may be fully covered . 5 -RRB- Maternity and Newborn Care Care women receive during pregnancy , including prenatal care , in labor , delivery and post-delivery , and care for newborn babies . 6 -RRB- Mental Health Services and Addiction Treatment Inpatient and Outpatient care that evaluates , diagnoses , and treats mental health conditions and substance abuse disorders -LRB- some plans may limit coverage to 20 days per year -RRB- . 7 -RRB- Rehabilitative Services & Devices Rehabilitative and habilitative services and devices to help regain mental and physical skills that were lost due to injury , disability , or a chronic condition . Each plan has to provide 30 visits per year for physical or occupational therapy , speech therapy , cardiac or pulmonary rehabilitation , and chiropractor visits . 8 -RRB- Pediatric Services Care provided to children , including vaccines and immunizations . For children under the age of 19 , dental and vision care must be offered this includes two routine dental exams , an eye exam and corrective lenses each year . 9 -RRB- Prescription Drugs Medications prescribed by a doctor to treat a medical condition or illness . At least one prescription drug must be covered in each category and classification . 10 -RRB- Preventive and Wellness Services and Chronic Disease Treatment care includes physicals , immunizations , and certain types of screenings designed to prevent or detect certain medical conditions as well as care for chronic conditions such as diabetes and asthma .


Input: Is Black Mold Covered By Homeowners Insurance?

Output: It may be . Some homeowners insurance policies include a limited amount of mold coverage . Read your policy completely to understand the coverage that is provided and any exclusions that there may be within the policy or contact your local agent to have them go over the policy with you .


Input: Does Color Of The Car Affect Insurance?

Output: There are many factors that go into the determination of your auto insurance premium . To the best of my knowledge color of the vehicle to be covered is not a factor in determination of rates . Even if the color of the vehicle is used in determination of your rates it is a small part of the factors used .


Input: Could Roth IRA Be Taxed In The Future?

Output: That is a great question ! While anything can change , the current feeling in Government is that people need to be able to save for retirement , so as to relieve the burden on the social welfare programs . In that regard , it is unlikely that they would change the tax advantages of your Roth , but then again , with the track record of decision making shown over the last few years , who knows ? Thanks for asking !


Input: Could Roth IRA Be Taxed In The Future?

Output: The Internal Revenue Code changes every year . However , it is highly unlikely that the provision that created the Roth IRA would be changed in such a way as to affect people who already have Roth IRAs . The law could change to make Roth IRA no longer available but it is highly unlikely that that a change such as that would affect currently Roth IRAs .


Input: Could Roth IRA Be Taxed In The Future?

Output: Could a Roth IRA be taxed in the future ? Short answer ? yes , it is possible . Long answer ? very unlikely to happen as the blowback towards the politicians who would even suggest such a thing would be great . Every few years questions come up about taxation of certain types of things where people put money for down the road . Every few years those ideas get shot down pretty quickly .


Input: How Long Does It Take To Settle A Renters Insurance Claim?

Output: Well to settle on a claim will depend on the loss . If the insurance company is aking for proff of loss item then you need to provide them of the list of item that were stolen or damage in a fire . Some companies are faster than others but it might take from 2 weeks to 4 weeks to settle on a claim .


Input: How Long Does It Take To Settle A Renters Insurance Claim?

Output: If I had to guess on how long it takes to receive a check on a renter 's loss , I would say a good average would be 30 days . Property insurance policies , like a `` Renter 's '' policy usually have an entire section -LRB- that no one reads -RRB- outlining what you as the insured must do following a loss . Generally you have the obligation to notify the insurer promptly and submit a written summary of the items that were lost or damaged , how and when they were acquired , the cost to repair or replace them and their current value.Some claim adjusters may help you in this process , but it is your responsibility and not much happens before it has been completed . Once this `` list '' is prepared AND accepted by the insurer , policies usually state how many days the insurer has to pay you . In practice , however , I would say checks are received within a week or two AFTER your proof of loss is ACCEPTED . I would however expect insurers to question the value certain items , request additional documentation or require proof of purchase on higher valued items . I would also caution insurance consumers to make sure these lists are accurate . Entire claims can be denied because lists -LRB- proofs of loss -RRB- contain information that is questioned and found to be false . Like I had a 52 inch HD TV when it was actually an 18 inch portable you bought at a tag sale . In a serious loss such as a fire or storm loss , insurers often advance partial payments to cover the replacement of necessities or temporary living expenses until the more formal claim process is completed .


Input: Will Homeowners Insurance Cover A Leak In My Roof?

Output: If the leak is simply caused by wear and tear then the leak would not be covered since wear and tear and/or deterioration are not covered perils . If say for example a storm blew through blowing shingles off the roof and causing a leak this would be a covered peril .


Input: Does Medicare Pay For Gum Surgery?

Output: Medicare does not normally pay for gum surgery , dentures , fillings , exams , or other dental procedures . The only type of oral treatment that Medicare covers is surgery to reconstruct a jaw , preparation of the mouth for radiation or chemo treatments , or other procedures that are connected to a general health condition .


Input: What Is The Elimination Period In Long Term Care Insurance?

Output: Long term care inusrance is a morbidity product like disability inusrance that offers diferring elimination periods or waiting periods from the triggering event that casues the policy owner to file a claim for benefits . Some long termcare inusrance policies offer nowaiting to 365 day elimination periods . 90 day elimination periods appear the most popular .


Input: What Is The Elimination Period In Long Term Care Insurance?

Output: The elimination period in Long Term Care Insurance is the period of days between the time you started receiving the CARE , and the time you started receiving the policy PAYMENTS . Choosing a longer elimination period creates a lower premium because your chances of the policy paying out are are less -LRB- many long term care stays are not all that long -RRB- .


Input: What Does A Life Insurance Case Manager Do?

Output: In our agency , a case manager handles all new life insurance applications the agents of the agency complete . The case manager coordinates with the agent to ensure the application is properly completed and helps assemble all requirements before securely submitting the application to the life insurance company . Normally , the case manager orders the appropriate paramedical exam the insurer requires and monitors closely to make sure the client gets the exam completed promptly . Sometimes , the case manager needs to ensure medical records are ordered if required by the underwriter to underwrite the case . The life insurance underwriting process can take weeks or even months , in some situations . During this time , the case manager monitors the process and communicates status updates regularly to the agent and agency principals . The case manager is ultimately responsible a smooth workflow . Once the insurance company underwriter makes and offer , the case manager relays this to the agent and coordinates to ensure the policy issue , delivery to client and placement of the policy is timely and accurate .


Input: Does A Car Have To Have Insurance To Be Parked On A Road?

Output: Great question ! It does n't have to , but if someone were to damage the vehicle , either through vandalism or collision , your expense to fix the car is totally yours . It may be worth it to you , especially if you are n't going to be driving it for awhile , to find a policy that is inexpensive , but gives you some protection , especially if it is a heavy traffic road . Thanks for asking !


Input: What Does Accidental Death And Disability Insurance Cover?

Output: I know of only one product called Accidental Death and Disability Insurance , and it is a product sold by Assurant . In the United States , Accidental Death Insurance is different from Disability Insurance . Accidental Death coverage pays a lump sum if someone dies from a serious accident . Disability Insurance pays a monthly benefit to survivors of accident or illness who are disabled as a result .


Input: What Does Accidental Death And Disability Insurance Cover?

Output: Accidental death is a mortality insurance product that pays on the accidental death of the policy insured . Dying of natural causes or a disease would not trigger the benefit . Disability insurance is a morbidity insurance product that pays a monthly income after the elimination period for prolonged sickness and recovery from injury . Income benefits are generally tax free .


Input: Can I Get Long Term Care Insurance If I Have Cancer?

Output: If you are currently receiving treatment for cancer , then the answer would be no . However , this does n't mean that in the future you would n't be able to apply and potentially be approved for Long Term Care insurance . Factors such as the type of cancer , the staging , how many years have passed since the last treatment and if there has been any recurrence help determine if the cancer or history of cancer would be an insurable risk .


Input: Why Get Medicare Advantage Plans?

Output: Depending on where you live , the network in your area , and your personal situation Medicare Advantage Plans can be an attractive option . Unlike Original Medicare , Medicare Advantage Plans have a maximum out of pocket that you would pay for healthcare potentially saving you 10 's of thousands of dollars if you have a serious health issue . Most plans have the prescription drug plan included saving you money on premiums . Many also offer extra benefits such as gym membership , dental , and vision . Many Medicare Advantage plans have $ 0 to very low premiums making them a very attractive option for those on a budget .


Input: What Is The Best Performing Roth IRA?

Output: A Roth IRA is a plan created by the Internal Revenue Code . It is used by a wide variety of investment and insurance companies to accumulate money for retirement . This range includes highly speculative products and extremely conservative products . Depending upon the activity of the markets these products could vary considerably from each other and by each year . Find a product that matches your risk tolerance and hold it until you retire .


Input: How Long Does Disability Insurance Last?

Output: It can last from 6 months to 1 year depending on which policy to signed up for . If it is short term disability it will last 6 months and long term 1 year . Always ask your agent to explain which plans they are discussing with you at the time of your appointment .


Input: How Long Does Disability Insurance Last?

Output: Disability Insurance lasts as long as you set it up to last when you purchase the policy . If you select the lifetime option and become disabled during your working years , the policy will last until you retire at age 65 . This is even if you go on Social Security Disability .


Input: How Do I Find Out Who My Car Insurance Is With?

Output: This is an interesting question ! I 'm going to assume that you know who you give your payment to every month , and carry the proof of insurance card with you , like the law requires , so your question must be `` who is the parent company of my insurance company '' . You can usually follow that trail by looking for the name in the fine print , or the logo of that company on your companies home page . I hope that helps , and thanks for asking !


Input: Can I Cash In My Insurance?

Output: There is only one type of insurance policy that you can cash in . That is permanent life insurance -LRB- commonly called , whole life insurance . -RRB- All other policies have a specific term and coverage expires on that date . Because death is an eventuality not a probability , cash value life policies accumulate cash to offset the cost of paying the benefit . The company lists inside the policy the amount of this reserve that they are willing to exchange at any time in exchange for no longer having to pay the death claim . That is cashing in your life insurance policy .


Input: Can I Cash In My Insurance?

Output: That 's a great question ! You can , if you meet a couple of conditions . The first is that you have a policy that has a cash value , -LRB- term policies do n't -RRB- and that it has been in force long enough to have built up some cash . Most policies wo n't generate any cash value for the first few years , as they are covering the cost of the insurance , but after that they will start to accumulate funds . There may be a surrender charge or fees that can eat into your amount also . A suggestion ? Think it over carefully before you do , okay ? Depending upon the policy there may be tax consequences , and there is the obvious lack of protection . If you 'd like to discuss the pro 's and con 's a little more , please contact me , so I can help . thank you for asking !


Input: Can I Cash In My Insurance?

Output: If you have a life insurance policy that has been building cash value -LRB- a permanent life insurance policy - term policies do not build cash value -RRB- you can cash it out . However , before you terminate any life insurance policy , you should talk to your agent to make sure it 's the right move for you . 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- . Please let me know if I can be of further assistance . Thanks very much .


Input: Can I Cash In My Insurance?

Output: The cash value within a life insurance policy is one of the easiest ways to obtain cash quickly , that is within several days . Because it is your money , there is no approval process as there would be at a bank or other financial institution . However , unless you plan on `` cashing out '' as this question asks , you will want to repay into y our policy to avoid lapse . Make sure you understand the ramifications before you take any action .


Input: What Is The Best Car For Insurance?

Output: How can I minimize the amount I pay for auto insurance ? There are two sides to the insurance premium question . The first side is the dollars going to the insurance company . The other side is the dollars coming from the insurance company when you have a claim . The most expensive insurance policy is one that does not adequately protect you when you have a claim . If you have low liability limits and do several hundred thousand s of dollars in damage you might find your assets and income making up the difference when you have a claim and that could be devastating . When you look at the premium for a recent model car you will discover that the pricing is fairly evenly split between liability coverage and physical damage coverage . In a very general way this means that in an accident you can expect your car to receive as much damage as the other car . Different cars have different repair costs . These costs are determined by taking the results of actual claims and tracking the costs . Some cars have technology that makes them expensive to repair . Others have design features that make them expensive to repair . The safety features on some cars reduce the cost of repair . A client was making a search for a car based upon the total cost of operation . It was very interesting as we compared different makes and models . We were using the same approximate year so the comparison was just on the manufacturer and the different models being considered . The prices varied more than I would have anticipated . It seemed that the more curb appeal the car had , the more likely it was to be a repair shop nightmare . As a car ages its potential repair costs start to come close to its actual cash value . While the price for the physical damage insurance also starts to reduce there might well be a time when you consider the potential loss of your car to be negligible and then you should remove physical damage coverage . I have been startled by people who maintain physical damage on cars approaching 20 years of service . There is a sentimental attachment that is extremely important . Liability premiums also vary somewhat with the horsepower and weight of the vehicle . Sporty , high powered cars can do a lot of damage and statistically are more frequently involved in accidents than low powered plain models . I am often asked about whether or not a specific model is being treated as a sports car . The customer wants to argue the merits of the car . The fact is that the car has been rated on its own claims history and the rate is determined , not by logic , but by experience . It helps to understand the rating system for liability insurance . The year make and model are the starting point as some vehicles are more frequently involved in accidents than others . The second is the driving record and claims history of the principle operator and other drivers in the household . The companies weigh these driving records quite closely . The third factor , in California , is the number of miles the vehicle is used . Obviously every mile has a component of risk exposure so a vehicle being used 40,000 miles a year has a greater exposure to claim than one only being operated 400 miles a year . The next factor is where you live . Rural areas have fewer accidents than urban and some urban areas are worse than others . These factors are considered in determining a rate . Dont forget that the most expensive insurance is the policy that doesnt meet your needs when you have a claim .


Input: What Does Group Term Life Insurance Cover?

Output: Group Term Life Insurance covers death by any reason , just like a life insurance policy you would purchase on your own . There is an exception for suicide in the first two years , and it may possibly have a clause about death caused during war or while committing a crime . Otherwise , it covers death due to illness and death due to accident , and those are the causes of almost all death in the United States .


Input: What Is Joint Whole Life Insurance?

Output: Joint Whole Life is a policy that covers two people on the same policy . The policy will pay when the first party dies . The surviving party then has the right to purchase another policy regardless of insurability . Another form of Joint life is a last to die . The policy is scheduled to pay at the last insured death . While there are some advantages to joint life , my experience has been that they can be a nightmare at times , particularly in the case of a joint life on a husband and wife going through a divorce . Because of the volatile nature of divorce situations having two people get together to divide the policy into two individual contracts can be a touchy situation . My preference in most situations is two separate policies .


Input: Can You Claim MRI Through Medicare?

Output: If the MRI is medically necessary -LRB- ordered by your doctor -RRB- , then Medicare would cover the examination . Please note , original Medicare -LRB- Parts A & B -RRB- does not cover it at 100 % -LRB- it only covers about 80 % of healthcare expenses -RRB- , you would be responsible for the remaining balance after Medicare pays their share . If you have n't done so already , you can add a Medigap plan to cover all or a portion of the other 20 % . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any further questions . Thanks very much .


Input: When Do You Pay A Deductible For Health Insurance?

Output: You will generally pay the deductible on health insurance after the visit to the doctor , hospital , ect . The health care provider will bill the insurer who will cover expenses beyond the deductible -LRB- if applicable -RRB- and you will receive a bill for the deductible amount or for the amount of services rendered if it is less than the deductible .


Input: Can Life Insurance Companies Check Medical Records?

Output: Yes , absolutely they can . When you fill out an application , you give them permission to check your medical records , and unless your policy is extremely small , they certainly will check those records . That is the only way they can be sure they are not missing a major medical issue you were not frank about . Protect yourself . Be honest and get the coverage you need . If necessary , drop the amount , so long as you have coverage for your family . Thank you . GARY LANE .


Input: Who Has The Lowest Auto Insurance?

Output: The lowest auto insurance rates may actually be available from many different companies , depending upon many different factors . State Farm and Esurance may be the best choice for one person and Liberty Mutual and Geico with someone different . To find the best prices , utilize an experienced broker -LRB- preferably with an authoritative website -RRB- and within minutes , you will be able to easily compare the best offers . The process does not take long and you can apply online or by phone with many carriers . The savings may be substantial .


Input: When Does Auto Insurance Coverage Begin?

Output: It begins on the policy 's effective date which is listed on the declarations page . It can often be dated in the future but can not be backdated . Usually the auto policy begins once the insurance company has all material facts , a signed application , the initial payment , and any other documents required for binding . Since the effective time of all policies is 12:01 AM , many will extend coverage at no charge for a portion of one day while making the official effective date the next day as 12:01 AM .


Input: Does Obamacare Do Away With Medicare?

Output: Obamacare does not eliminate Medicare but it does reduce current and future funding for Medicare . The argument is , by `` bending the cost curve '' savings will magically be generated that result in the program requiring fewer operating funds . Sounds good , but it does n't work that way . Bending the cost curve is attained by paying providers less and shifting more of the cost of care to Medicare beneficiaries .


Input: Can Anyone Buy Medicare?

Output: When people turn age 65 they become eligible for Medicare . Medicare Part A is usually free and Part B for most people is around $ 105 per month . However , Medicare Part A & B only covers about 80 % of the cost of care . Many Seniors consider a Medicare Supplement Plan to cover the remaining 20 % . There are some cases when people under 65 qualify due to disability .


Input: Why Have Term Life Insurance?

Output: Term Life Insurance is for `` temporary '' needs . E.g. . If you have 25 years left on your mortgage , purchasing a 20-30 year term life insurance policy is a cost effective way to cover that substantial debt . You do not purchase Term life insurance to borrow from in the future , because Term life insurance does not have cash value . It is generally the lowest cost form of coverage because it may end before death occurs .