Input: Why Is Blood Drawn For Life Insurance?

Output: Life insurance companies will draw blood depending on the amount of insurance . They will check for HIV or Aids , nicotine , drugs , diabetes , liver problems and other health issues that affect mortality . This helps the company underwrite the policy properly to determine the proper rating -LRB- premium -RRB- and insurability of the proposed insured . .


Input: Much Does Single Health Insurance Cost?

Output: The cost of a single -LRB- individual -RRB- health insurance plan will vary , since it depends on many factors . Your age will be a major determinant in the price . Naturally , the older you are , the more expensive a policy will cost . Your zip code and/or the state of residence will also greatly impact cost . Ohio features very affordable rates while New Jersey will be one of the most expensive states . Also , your overall health and the type of policy you need must also be considered . A `` short-term '' policy will typically cost less than a comprehensive plan you intend to keep for a longer period of time . In 2014 , most policies will be `` guarantee issue , '' so your health conditions may not be a factor . You may also become eligible for a federal tax subsidy , depending on your income .


Input: What Are Hybrid Annuities?

Output: The word hybrid means composite formed by mixed origins , in which the differing components all perform somewhat the same function . In hybrid annuities , buyers can use the differing components of fixed and variable accounts to allocate funds within one annuity . The results is an annuity that has part of it with a guaranteed return , along with the potential for a higher return -LRB- or loss -RRB- from the variable component .


Input: What Are Hybrid Annuities?

Output: The term Hybrid Annuities usually refers to a combination Annuity/Long Term Care policy . This policy guarantees that your funds will grow at a certain rate . It also guarantees a certain LTC benefit depending on the year it is used . Many people like this option because it allows you to use the cash if you need it for income or expenses -LRB- they do not have to be related to LTC needs -RRB- . But at the same time if you have a LTC need you have a LTC benefit that is much higher than the cash value .


Input: Can My Car Get Repossessed For No Insurance?

Output: Yes , for the following reason . When lease/finance a car part of the agreement to get funding for your car is auto insurance . The reason for this is the entity who has financed your purchase wants a guarantee that in the event the car is destroyed , they will get repaid . The finance company thinks of it in these terms : if you lose the car , then there is no incentive for you to pay them back and their collateral is gone . So , to cover their tails they require that they be put on the title and listed as a loss payee on your insurance . If you do not carry enough insurance , it is a breach of the contract you signed . This , in effect , is like missing a car payment . Thus , if you breach the contract by not carrying adequate insurance your car will be repossessed . I hope this helps .


Input: What Do Fixed Annuities Pay?

Output: Guaranteed fixed annuity rates change constantly , so it 's important to confirm the rate before you purchase the annuity . There was a slight increase in fixed annuity rates after the 10 year Treasuries increased over the last six months . Presently the 5 year fixed rate is around 3 % . Confirm your rate before purchasing your annuity .


Input: How To Switch Medicare Part D Plans?

Output: You can switch to a new Medicare Part D plan by simply enrolling in the new plan during one of Medicare 's semiannual enrollment periods . You do not need to inform Medicare that you have switched ; your old Medicare Part D plan will end when your new Part D plan begins .


Input: Is Medicare Considered Health Insurance?

Output: Medicare is a federal health insurance program designed to provide coverage for individuals who are age 65 or older - people under 65 can qualify for Medicare as well if they have certain disabilities or have ESRD -LRB- end-stage renal disease -RRB- . Part A and Part B make up `` Original Medicare , '' Part C is called Medicare Advantage , and Part D is called stand-alone prescription drug plans . Many people with Original Medicare also look at buying a Medicare Supplement -LRB- Medigap -RRB- plan to cover the gaps in Original Medicare .


Input: Is Health Insurance Going Up?

Output: I do n't think anybody really knows yet . That being said it is highly speculated that premiums will be going up next year . The insurance companies are dealing in uncharted territory with the new healthcare law . We have n't had a lot of `` experience '' with it for the companies to get a real good estimate on what it is actually costing . We could see a sizeable spike in premiums for 2015 and if after that body of claims is evaluated you could see them rise or fall . There is really no way to know . It is difficult to get straight answers because you never know where the source of the info is coming from . Supporters of the Healthcare laws tend to say costs will go down while opponents say costs will go up . I try to see what the actual carriers are saying and they are hinting at increases in 2015 and really do n't know for sure what will happen after that . Sorry this was n't more specific , it is what it is until we have more actual claims experience . Hope this helps .


Input: Is Health Insurance Going Up?

Output: YES , in the aggregate sense . Perhaps for some individuals or groups their particular situation will allow them to benefit from the changes in rating methods and benefits required by the Affordable Care Act . But for most individuals and groups I am entirely comfortable in predicting higher health insurance costs . First of all , the underlying cost of health care services continues to rise . As these costs rise the cost of insuring these services must rise accordingly , this has been the case throughout my 30 years in the health insurance industry . Secondly , we are beginning to get a picture of what the enrollment composition in the individual health insurance marketplaces is looking like . As predicted by many industry professionals , the enrollment is skewing towards an older and sicker population with the highly desired young and healthy population largely remaining on the sidelines . Just today one of nation 's largest pharmacy management companies reported their preliminary analysis of the prescription utilization of marketplace enrollees vs their pre-health care reform population . Usage of expensive prescription medications for serious chronic health problems is 47 % higher , and this is just based on a couple of months of utilization data ! While some hold out the hope that the people who waited until the last moment to enroll were disproportionately young and healthy , my own experience enrolling people gives little indication that this was the case . So , the table has been set for adverse selection -LRB- more sick than healthy enrollees -RRB- in the health insurance pool , especially for the insurance carriers who elected to participate in the government health insurance marketplaces . This can not help but translate into higher health insurance costs for 2015 and in many areas of the country this will translate into very significant double digit increases in individual and small group health insurance . This has already been broadly hinted at by all the major health insurance carriers , it 's really not a question of `` if '' but just `` how much '' .


Input: Is Health Insurance Going Up?

Output: That 's a great question ! The short answer is no one can say for certain whether they will or wo n't . The costs of health care coverage has dropped steadily over the past few years , but with the onset of the Affordable Care Act , it has become a whole new game . Yes it will , or no it wo n't , seems to depend upon the political party , industry spokesman , or `` independent researcher '' . The best analysts will tell you that the enrollment data and effects will take several years to paint a reliable picture , and with the last minute rush of enrollees , -LRB- typically younger , healthier , and better at procrastinating -RRB- that data will be very fuzzy for a while . That said , my personal opinion is that it will go up most likely for two reasons : If there 's a profit to be made , someone will grab it , especially if there is a confused atmosphere to harvest it in ; and most downturns eventually reverse in the business world , and I 'd look for prices to increase at some point , as individual insurers find that their price points offered this year are or are n't viable based on their enrollment numbers . I hope that helps , and you asked a question that could spark a great debate in the right circles . Thank you for asking ! Feel free to contact me if you 'd like more details !


Input: Does Skydiving Affect Life Insurance?

Output: There are hobbies or professions that can indeed affect the pricing of Life Insurance and if you happen to be a skydiver , recreational or otherwise , you can at the very least expect to pay more than say , the bank employee who lives next door who plays golf on the weekends . Premium is a reflection of the risk that the insurance company is assuming when they offer coverage . Thus , the greater the risk that their could be a claim filed , the greater the premium charged .


Input: Does Skydiving Affect Life Insurance?

Output: If you have an existing life insurance policy , and years later decide to take up skydiving as a hobby or part of a job , skydiving will not affect your life insurance at all . If you have skydived in the past and plan to skydive again , or have definite plans to skydive in the future , you will need to pay a flat extra to cover your skydiving , or else attach a rider that will exclude skydiving as a cause of death for your policy coverage .


Input: Does Skydiving Affect Life Insurance?

Output: Great question ! Insurance is designed to hedge against risk , and the more risk , the more expensive the insurance . Skydiving is one of those things that insurance companies consider risky , and so they tend to be a lot less cost friendly when it becomes something you choose to do . If you already have a policy , before your jump , ask your agent to find out exactly what would happen with your policy if , God forbid , something bad were to happen . If you are looking to get a policy , and skydiving is something that you enjoy doing , there are policies that you can get but most will have higher premiums , and more importantly , a period of years where your death benefit is reduced . I wholeheartedly suggest that you find out before the jump , as opposed to finding out after . If you want to discuss this further , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Does Skydiving Affect Life Insurance?

Output: Yes , it can affect what you pay for your life insurance . You can secure life insurance even if you skydive . However , every policy will ask you if you participate in any extreme or hazardous activities - this includes skydiving . When this is answered yes , they will likely ask you to complete a questionnaire to provide details . Some carriers will offer full coverage , but will charge a flat extra -LRB- an additional amount per $ 1,000 of coverage -RRB- . This is a premium added onto the policy to cover the added risk incurred by being a skydiver . Some carriers will offer coverage , but require an exclusion rider -LRB- stating that if you die under this condition , the policy will not pay out the death benefit amount -RRB- . It may cost more for a program that will protect against death as a result of a skydiving incident , but it can be worth it - the choice is ultimately yours . Adjusting the face amount and/or term length are ways of reducing the premiums as well . When you 're no longer skydiving , you may want to look into re-writing your coverage to secure a more favorable premium structure - keep in mind , most carriers will generally look-back 2 years on these activities though . There are some simplified issue , non-medical , life insurance policies that do not ask about about extreme activities , but these programs will generally feature a substantially higher premium and the amount you can secure under a single policy will be limited . I would recommend consulting with an independent broker who can review options from multiple carriers because each company looks at skydiving in a different manner .


Input: Is Life Insurance For Children A Good Idea?

Output: Life insurance is a good idea for children in the respect that the policy will ensure that they are insurable into their adulthood . Here is an example : A child is added to a $ 20,000 term rider on their parents life insurance policy , along with all their other siblings , all for one low price . The child is found to have a congenital heart condition , corrected by surgery , but the diagnosis follows them . At age 21 , the now young adult is able to convert their $ 20,000 to $ 100,000 of permanent life insurance rated Standard .


Input: What Companies Offer Long Term Care Insurance?

Output: It is impossible to list all the companies that offer long term care insurance without inadvertently omitting some . A good place to start is to contact a local or online agency that offers long term care insurance through multiple companies . Even those offering multiple life insurance quotes may be able to help you , because many life insurance companies also carry long term care insurance , and some life insurance policies have `` living benefits '' for chronic illness built in .


Input: Does Health Insurance Cover Dialysis?

Output: Many health insurance plans do cover kidney dialysis , however , it is always recommended to check the summary of benefits for your specific plan to ensure that kidney dialysis is covered . You should also consult your summary of benefits to find out exactly how much your insurance company will cover . Most insurance plans do have an out-of-pocket maximum , where coverage is increased to 100 % .


Input: Is Life Insurance Federally Insured?

Output: Life insurance is not federally insured by the FDIC -LRB- Federal Deposit Insurance Corporation -RRB- . The FDIC insures bank deposits . Life insurance is a contract between the policy owner and the life insurance company , and life insurance companies and contracts are regulated by state insurance commissions . In addition , states have guaranty funds to help offset loss if a life insurance company should leave policyholders in peril .


Input: Is Life Insurance Federally Insured?

Output: Life insurance is NOT federally insured , and be happy it is not . It is as strong as the company you buy it from , so be certain to buy from a reliable company with only the highest ratings . This way you do not have to worry about getting your payment . You do not have to rely on our federal government either , for maybe , eventually , getting around to making good on a payment , if ever . Select from the top rated companies and you can be sure to do well . That is why the ratings of these companies are so widely published . Use the information along with their premium rates , in making your selection , from a reliable agent . Thank you . GARY LANE .


Input: Is Life Insurance Federally Insured?

Output: That is an excellent question ! The answer is technically no , but kindof yes . The funds for your policies death benefit are not insured or backed in any way by the Governments money . What the Government did do though , is ensure that the insurance companies have to have a cash fund available to cover the death benefits for the policies they write . And to doubly cover you , the States themselves have a fund set aside to cover some or all of your policy , should your insurance company go belly up . Thanks for asking !


Input: How Long Can An Auto Insurance Claim Be Open?

Output: I have seen claims stay open for years . Generally this would involve bodily injury and the other party is seeking damages . If the claim is just property damage , these types of claims tend to close rather quickly since property damage is pretty much cut and dry . Even if there is no determination of fault insurance companies usually pay quickly for the repairs .


Input: What Is Fixed Indexed Universal Life Insurance?

Output: Lesson One A Simple Lesson on How the S&P 500 Works -LRB- Since the AP Has No Clue -RRB- Oct. 4 , 2010 4:34 AM ET | 15 comments | About : SPDR S&P 500 Trust ETF -LRB- SPY -RRB- , IVV , VOO , SSO , SH , SDS For More Info contact I came across this disaster of a story from the Associated Press yesterday : `` Apple May Surpass Exxon As Most Valuable Company . '' Interesting - Apple -LRB- AAPL -RRB- is a monster - but I did n't expect the AP -LRB- that 's Associated Press , not to be confused with AAPL -RRB- to attempt to mis-educate their vast audience with this blatantly false nonsense that shows a thorough lack of understanding of how the SPX works : While Apple CEO Steve Jobs will no doubt be happy about his new perch atop the business world , there 's more at stake here than mere bragging rights . As soon as the total value of the company 's shares edges above Exxon 's , Apple will take over the top spot in the Standard and Poor 's 500 , the market index used by most professional money managers . That means that billions of dollars invested in funds that track the index will have to shift their holdings to reflect Apple 's new weighting . Exxon , meanwhile , may see its share price fall from the same effect . That slide could be accelerated by hedge funds and technical traders who make bets based on the rebalancing of major indexes and would be primed to short the shares of Exxon . '' Reminder : The S&P 500 is a market cap weighted index . That means that larger companies have a higher weight in the index . An S&P 500 index fund will own a certain percentage of the outstanding shares of each company . It does n't take a market expert to understand that when Apple 's share price rises , and its market cap rises , its value in your S&P 500 portfolio also rises ! As an S&P indexer , you do n't have to do a thing . Changes in market cap based on share price movement are automatically self adjusting - after all , market cap = share price x shares outstanding . On a quarterly basis , the S&P 500 rebalances its index based on new share issuance and buybacks -LRB- in other words , changes in shares outstanding -RRB- . For example , when Exxon -LRB- XOM -RRB- buys back shares , S&P 500 indexers will need to sell shares of XOM . If XOM does a secondary offering , indexers will need to buy shares of XOM . So if you own one you need to relax it corrects automatic so you need not worry .


Input: How Much Do Annuities Cost?

Output: It depends on the type of tax deferred annuities you purchase : fixed interest rate annuities , indexed annuities and variable annuities.They all have associated costs , but variable annuities are generally the most expensive with the additional cost of funds in their separate sub accounts . Make sure you review the charges before purchasing a tax deferred annuity .


Input: What Percentage Of Life Insurance Claims Are Denied?

Output: It would be a tiny number , like a fraction of one percent . It is rare . Life insurance is generally something you need to qualify for in advance - the insured must be insurable , the owner must have an insurable interest , etc. . For a life insurance claim to be denied , after an investigation , the insurance company would have to contest it within the first two policy years on the basis of a material misrepresentation or the insured would have to have committed suicide within the first two policy years .


Input: What Percentage Of Life Insurance Claims Are Denied?

Output: The percentage of life insurance claims denied would be less than 1 % . The reasons for denial are only a couple . First the most common reason for denialis a suicide which is committed within the first two years of the policy in force . Suicide is excluded within the first two years of practically every policy . This protects the insurance company from someone suicidal purchasing a policy while in this state of mind . Second is fraud committed within the first two years . If someone has a illness that would cause a prudent individual to seek medical attention and did not then passed away from this affliction within the first two years . The insurance company would consider this a misrepresentation of health on the application and deny the claim . In today 's information age this is getting more difficult for an individual to get away with .


Input: What Percentage Of Life Insurance Claims Are Denied?

Output: If your claim is legitimate you have nothing to worry about . The only issues , other than did they pay the premium , typically are was it a suicide ? Suicide will eliminate payment only during the first two years for virtually any company . Thus the claims files are paid virtually universally . Need help ? Just talk with a reliable agent . Thank you . GARY LANE .


Input: Who Should Be My Life Insurance Beneficiary?

Output: The person you choose to be your life insurance beneficiary should be someone you trust to spend the money as you would desire . If you are purchasing life insurance so that it will cover your final expenses , you should name a beneficiary who will be involved in your funeral arrangements , and can be relied upon to pay for your final expenses in a timely manner . If you are leaving money for minor children , the beneficiary could be your spouse or a parent who will use that money in the best interest of your children . Or you could form a trust that details how you want the money spent , and make the trust the beneficiary .


Input: How Much Will The Insurance Company Give Me For My Car?

Output: The claims adjuster wants to give you an amount that you will accept . They will try to determine the local price for a similar car using agencies that value cars . When you think about the worth of your car , do not include items that are not a part of the vehicle , such as GPS , stereo system etc. . If you do not agree on the value of the vehicle ask for a further review .


Input: What Is An Elimination Period On A Disability Insurance?

Output: The elimination period on Disability Insurance is the amount of time after the disability was incurred , before you will receive the first payment . The date of disability is counted as the date you became disabled from the illness or injury . A common elimination period chosen for Long Term Disability Insurance is 90 days .


Input: What Does Medigap Not Cover?

Output: In short , Medigap does not cover non-medically necessary procedures -LRB- e.g. cosmetic surgery -RRB- and items such as routine dental work and eye exams . Individual dental insurance plans and vision insurance plans will cover the latter programs - elective cosmetic surgery is generally going to be paid 100 % out-of-pocket no matter what . Medigap plans pay benefits when you have a Medicare-approved service claim . Please note , each Medigap plan features different benefits so the question can expand from there as not every Medigap plan covers every available Medigap benefit . For example , plan F covers each Medigap benefit at 100 % from day 1 -LRB- and 80 % for foreign travel emergency care , up to plan lifetime limits of $ 50,000 -RRB- . Plan N covers each Medigap benefit at 100 % from day 1 except for coverage of the Medicare Part B deductible -LRB- $ 147 in 2014 and 2015 -RRB- , Part B excess charges , and you have to pay a co-pay when you go to the doctor -LRB- up to $ 20 co-pay -RRB- or hospital -LRB- up to $ 50 co-pay -RRB- . I hope the information is helpful - please feel free to contact me for further help , including quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: What Does Medigap Not Cover?

Output: Medigap or medical Supplement insurance covers generally any expenses that your Medicare insurance coves . Some crossover plans under Medigap policy means that the company is setup with Medicare insurance , so no extra paper work is needed just hand the medical provider both the Medicare and Medigap card . Some Medigap policy will pay some amount of Medical expense outside of the United States as Medicare will not . Usually $ 50000 max


Input: When Does Long Term Disability Insurance Kick In?

Output: After your long term care disability insurance policy is in force , the benefits will start after your elimination or waiting period is over . And generally speaking the benefits will be tax free . But medical confirmation of your inability to work because of prolonged sickness and/or injury needs to be established via your medical professional .


Input: When Does Long Term Disability Insurance Kick In?

Output: Long Term Disability Insurance kicks in after : 1 -RRB- you suffer a qualifying disability per the terms set for in the Disability policy , and 2 -RRB- the elimination period has passed . You select the elimination period when you purchase the policy ; in long term disability insurance it is usually several months .


Input: Does Car Insurance Start Immediately?

Output: Car insurance can start immediately . When you sign up for auto insurance , either directly through the insurance company -LRB- typically done online -RRB- or through an agent , you have the option of setting the effective date of the policy . For example , if you are purchasing a new car you can sign up for insurance at the auto dealer online and print out proof of insurance immediately . Even if you purchase new auto insurance through an agent he/she can draft a proof of auto insurance on an ACORD form for you in the office .


Input: Does Life Insurance Cover Drunk Driving Death?

Output: Yes unless you fail to disclose a history of alcohol abuse on the application and the incident occurs during the first two years of the policy . Life insurance will cover almost any cause of death . Some exclude acts of war . Drunk driving is not excluded , but a history of alcohol abuse and DUI 's could cause higher rates or declines .


Input: How Do You Apply For Medicare Part D In Ohio?

Output: You can enroll in a Part D Plan though a licensed agent who sells these plans . The other option commonly used is to sign up -LRB- enroll -RRB- directly on the Medicare.gov website . It is a streamlined process that will ask for information to help the consumer determine what Part D plans available in their county best meet the consumer 's needs .


Input: Can Renters Insurance Be Mandatory?

Output: Renters insurance is not required by any state statute that I know of . A lease , however , is a contract negotiated between a tenant and a landlord . The landlord can make a tenants policy a requirement for leasing property to you . He might do that to protect his interests in the event of a lawsuit arising from your occupancy of his property and he might also want to make it clear that he is not responsible for your property , even if the unit is damaged by a covered peril and your property is damaged as well .


Input: Can Renters Insurance Be Mandatory?

Output: If it is included in your renters contract , renters insurance can be required . This is actually a very smart thing , both for the renter and for the landlord . The renters insurance will protect your property in case of fire or theft , and it helps protect the landlord in case of a liability claim . Also , landlord insurance is generally cheaper if renters insurance is required .


Input: Does Farm Bureau Offer Life Insurance?

Output: Yes , the Farm Bureau does offer life insurance . You can contact your state Farm Bureau to find an agent . Or you can get a quote via the internet from United Home Life , of whom the parent company is United Farm Family Life Insurance Co , which operates as a subsidiary of the Indiana Farm Bureau . UHL provides life insurance in most states .


Input: How Many People Are Covered By Health Insurance?

Output: Millions of American are covered by health insurance . Many have policies through their employers , others through private insurers , and of course , retired persons have Medicare and sometimes Medigap or Medicare Advantage plans . In 2014 , when buying insurance is the law -LRB- for most persons -RRB- , thepercentageof Americans covered under health insurance plans will increase . Rates may also increase for many , unless theyqualifyfor the new federal tax subsidy .


Input: Can You Get Car Insurance Without Owning A Vehicle?

Output: Yes you can , a local independent agent can help you . If you drive a car it is important to carry auto insurance that covers liability in the event of an at fault accident . Even though you do not own a car , you could lose your driving privileges in some states if you can not show proof of insurance or a financial responsibility bond .


Input: Does Life Insurance Affect SSI?

Output: Life Insurance CAN affect your qualification for SSI . The cash value built up in your policy is the same as cash in a bank account . If you are required to keep your assets under a certain amount , your cash value in your life insurance can put you over that amount .


Input: Does Life Insurance Affect SSI?

Output: Life insurance can affect SSI if it exceeds the resource limit . What IS allowed in life insurance : Policy or policies with combined face amount of $ 1,500 -LRB- if married , $ 1,500 for each spouse -RRB- $ 1,500 prepaid burial fund -LRB- if married , one for each spouse -RRB- If the person or couple with the burial fund also has life insurance , some of the burial fund may count toward the $ 2,000 limit for an individual or $ 3,000 limit for a married couple .


Input: How Long After Death Does Life Insurance Pay?

Output: Life insurance companies themselves say to allow 30 to 60 days for life insurance to pay the death benefit to the beneficiary . It can be shorter than that . Keep in mind that this is after you have sent in the completed death claim form and a certified death certificate to the life insurance company to request the death benefit .


Input: What Does Car Insurance Cost In Indiana?

Output: Brandon is right . That is way too broad of a question to answer specifically . But there are studies that are done every year comparing auto insurance premiums from state to state . In the 2014 study , Indiana ranked # 12 in the country for having the lowest auto insurance premium . Compared to most states , Indiana does n't have that many coverage requirements as other states do .


Input: What Does Car Insurance Cost In Indiana?

Output: Car insurance is priced based on risk of a specific situation , so there is a lot of variation in price from person to person depending on his or her risk profile . With this understanding , according to the National Association of Insurance Commissioners , the average cost of auto insurance in the state of Indiana is about $ 625 per year .


Input: What Is A Good Amount Of Life Insurance?

Output: A good . amount of Life insurance will depend on a determination upon an analysis for future financial needs . That determines what will be needed for the benefits to pay for like funeral cost , mortgages unpaid , children 's college or all around support . Life insurance is designed to benefit the family in the event of a unfortunate mishap to the family in which death camp . occur suddenly or natural causes . The person who wanf to buy may also make that decision on how much life insurance to purchase for multiple purposes and even to create an estate maximum amounts so far are 20 Million dollars .


Input: Why Would You Purchase Life Insurance Rather Than Annuities?

Output: Great question ! Life insurance is used mostly as a way to pass on wealth . You leave a chunk of money behind you to either pay off the debts you 've left , provide for your funeral expenses , or to pass on wealth to loved ones . You provide an income for those left behind . Annuities , on the other hand , are a way to transfer wealth to a later date , when you start drawing it out in an income stream . For most people it is a way to pass on income to yourself in retirement , when you need it most . So to answer your question , I 'd purchase life insurance to leave behind a legacy for my children , and an annuity to provide an income stream for my wife and I in our retirement . That allows us to live comfortably , and still leave behind a legacy . If you would like more detail , please contact me , I 'm happy to help ! Thanks for asking !


Input: Why Would You Purchase Life Insurance Rather Than Annuities?

Output: It depends on what you 're trying to accomplish . Annuities provide cash while you 're still living - Life insurance provides cash upon death of a person . With life insurance , you 're paying a continuous premium until the death of the insured or you no longer want the policy . In exchange for the premium , the carrier agrees to pay out the face amount as cited on the policy should the insured die during the life of the policy . With annuities , you 're paying a large sum of money -LRB- if single-premium annuity -RRB- or periodic payments -LRB- flexible premium periodic payment annuities -RRB- in exchange for the return of monthly payments with interest over a given time frame -LRB- various options -RRB- . Life insurance may be the more suitable route if you 're looking to settle debts , pay off estate taxes , etc. , so your family is not stuck with the bills when you die . An annuity may be more suitable if you 're looking to help plan for your retirement . In many situations , people will have both life insurance and annuities in their financial portfolio .


Input: Why Would You Purchase Life Insurance Rather Than Annuities?

Output: There are many different reasons to use life insurance , and there are many different reasons to use annuities . The products are totally different and can be adapted to many purposes . A good agent will discuss your financial objectives and help you to discern the best products to meet your needs .


Input: Why Would You Purchase Life Insurance Rather Than Annuities?

Output: You might chose cash value life insurance over an annuity because you want the death benefit a life insurance policy brings while at the same time providing cash accumulation . Or you might want cash value life insurance over an annuity for the legal safety it provides in case of a lawsuit . This is a great question with many possibilities for the person involved and if in such a position to purchase should be examined .


Input: Why Would You Purchase Life Insurance Rather Than Annuities?

Output: Life insurance solves the problem of dying too soon . An annuity solves the problem of living too long . They both can accumulate cash on a tax deferred basis . Both rely upon the promises made by an insurance company . IF your concern is to provide cash in the event of premature death , then you want life insurance . If it is to provide a guaranteed income for the rest of your life then you want an annuity .


Input: Why Would You Purchase Life Insurance Rather Than Annuities?

Output: They meet different needs . It depends on your needs . For pennies on the dollar life insurance insures against not living long enough while annuities insure against living too long . Life insurance provides a normally income tax-free death benefit that can replace lost income while an annuity death benefit is subject to income tax .


Input: Can You Get Medicare At Age 62?

Output: Only if you qualify for Social Security Disability . Medicare starts at age 65 . When you qualify you should automatically receive your card and correspondence from Medicare . If you feel you may be qualified but have n't received your card then you need to call your local Social Security office or 1-800-MEDICARE .


Input: Who Has The Best Rates On Home Insurance?

Output: The best rate on home insurance is found in a policy that insures your home . It is the best because it has promised to pay when your home is damaged by named perils . The most important part of a homeowners policy is the limits . An agent will listen to you , provide solid financial advice , and communicate clearly with you and the insurance company . Then when you have a claim , your policy should stand beside you and your recovery may exceed your premiums paid by a great deal .


Input: What Do Retirement Plan Sponsors Look For In An Advisor?

Output: When retirement administrators are actively seeking advisers , they look for seasoned veterans of the trade , people who have been through tough markets and can give the kind of pastoral advise especially during turbulent times . Vetting an adviser can be a daunting task , but in the end experience and clean U4 can help determine if the adviser is a fit for your company 's retirement plan .


Input: What Is The Penalty For Cashing Out A Life Insurance Policy?

Output: The Penalty for Cashing out a Life Insurance Policy could be the policy surrender charge which can be punitive in the early years of the contract . If the life insurance policy has cash value gain , then an ordinary income tax event will ensue , including any constructive receipt of policy loans or internal policy loans . And if the policy is a Modified Endowment Contract that is cashed in or surrendered or lapsed and the policy owner is under 59 1/2 , an additional penalty will be added as well . Consult with your tax adviser before moving forward with any withdrawals , surrenders or policy loans .


Input: Is Long Term Care Insurance A Waste Of Money?

Output: Harry Crosby , a long-term care insurance -LRB- LTCI -RRB- agent , coach and trainer , has one of the best answers to this question that I know of . It 's called `` The Two Mistakes '' . In the interest of space , I have edited his take on this important question : There are really only two mistakes you can make with long-term care insurance . Mistake number one : You get one of these plans . It doesnt matter which one . You buy a plan , pay every year , live a long happy and healthy life , die in your sleep with a smile on your face and the money you paid in is gone . Right . The money you paid in is gone . Had you known that this would be the case , you would never have purchased a long-term carepolicy . Mistake number two : You stay self-insured , which is what you are doing right now . Then you -LRB- and possibly your spouse -RRB- need care . Not only do you pay for it yourself out-of-pocket , but the rest of the burden is placed on your family . Lets look at the two mistakes . Mistake number one is that you get this plan , and your premium is about $ 2,500 a year . You live another 30 years , and at age 85 you die in your sleep with a smile on your face never needing a day of care and thus never getting a dime out of the policy . You get to the pearly gates , they look at your file , and they laugh at you because you made a $ 75,000 mistake for having this policy and never needed it . By the way , that amount is less than one year of facility care in todays dollars . Now , mistake number two . You decide to not get this policy and pay the premium . Twenty years from now , when you are 75 , you need care for just two years . You pay for the care out-of-pocket . Based on past trends , the average cost of future care will be about $ 350,000 . If you have to make a mistake , which mistake has the least impact on your family : the first one or the second one ? That is why top financial advisors and the federal and state government encourage people like you and I to look into LTCI . It is just common sense .


Input: Is Long Term Care Insurance A Waste Of Money?

Output: The number one risk in retirement is human longevity . The older we live , the odds become higher that we will need assisted or living and/or nursing home confinement . The costs for care are ever increasing , so it 's important to protect your retirement income from the economic eroding affects of long term care costs .


Input: What Is Usually Covered Under Renters Insurance?

Output: A renters policy normally has four sections . The first section is personal property . This section promises to provide either like items or new items for those damaged by a covered peril , such as fire . The second section is called incidental property coverages which include things like emergency removal of your property from the rental unit to prevent loss from a covered peril , fire department service charges , debris removal , credit card , forgery and additional coverages . The third section is personal liability and provides for your defense and damages up to the limits of the policy for personal injury and property damage lawsuits . The last section is incidental liability and provides limited coverage to property of others damaged by you . There are other coverages built into the package .


Input: Can I Pay My Health Insurance Premiums With An HSA?

Output: Yes and No . If you are under age 65 and have a Health Savings Account that you are funding you can not use funds from your HSA account to pay for the premiums of the high deductible health insurance policy you have paired up with your HSA.The exceptions to this rule are if you become unemployed and need to access the funds to pay for your individual health insurance policy or for COBRA continuation coverage . If you are age 65 + then you are allowed to use funds from your HSA to pay for health insurance such as Medicare supplement policies .


Input: What Does Coverage Length Mean In Life Insurance?

Output: Life insurance products have evolved into many different forms offering new features and benefits but all the types can be categorized into two basic ones : term and permanent . Term life insurance is for short term needs . They `` self terminate '' meaning that you buy term for temporary needs . It is likely to expire before you do . You can select a level premium for specific time period such as 10 or 20 years and at the end of that time you would need to look for something else if you still need the coverage and are insurable . Some term products may extend beyond the initial period but at astonishingly high rates that only uninsurables would accept . Permanent - cash value - life insurance is designed to not be outlived and will last for a lifetime provided the required premiums are paid for life -LRB- whole life -RRB- or do not lapse due to insufficient cash values -LRB- universal life -RRB- . For permanent needs select permanent life insurance . Consult with a life insurance professional who can show you the pros and cons of each .


Input: What Does Coverage Length Mean In Life Insurance?

Output: The coverage length on a life insurance policy has a bit of a different meaning based on the type of policy . On term life policies the length of coverage refers to the time period that the premiums are level and guaranteed not to increase . For example a 20 year level term 's coverage length is 20 years at a set premium . After the 20 years , the premiums will increase exponentially . The coverage length on a cash value policy is the time period when the policy endows . For example the cash value meets the face amount at a predetermined age the policy endows . The endowment will change if any loans are ever taken against the policy .


Input: What Does Coverage Length Mean In Life Insurance?

Output: By the wording of the question , I would assume that it means the amount of time that the policy will remain inforce if the premiums are paid as per the policy agreement . This would typically be part of a term policy which normally run 10 , 20 or 30 year terms . Please remember every policy is diffent . Read your policy completely to understand the coverage and the exclusions or call your local agent to discuss the policy coverage and exclusions .


Input: What Does Coverage Length Mean In Life Insurance?

Output: Coverage length means the length of time that your life insurance policy will stay in effect . Usually , the coverage length is referring to how long the policy will stay in effect at a level premium -LRB- level meaning the premium is guaranteed not to go up -RRB- . The coverage length assumes that payments are made on time and if a policy loan is taken , that it is repaid per policy guidelines .


Input: Why Would I Need Renters Insurance?

Output: Primarily renter 's insurance is designed to protect your personal belongings that you have in your home that you rent . Renter 's insurance may replace items that are stolen from your home , or are damaged or destroyed by fire or flooding . You need to inquire with your insurance agent as to exactly what kinds of incidents are covered by any particular policy . For example in areas that are prone to hurricanes or tornadoes you may need to buy a rider in addition to the basic renter 's insurance , or you may need to buy hurricane insurance specifically .


Input: Why Would I Need Renters Insurance?

Output: Well , if you have enough money saved ad available to replace everything that you own should your rental home be destroyed by fire , you probably do n't need Rental Insurance . If you are sued for damage that you have caused to someone else 's property or for an injury you have caused to another person , and the settlement against you is $ 300,000 or more , and you have the money to lay your legal fees and the total settlement without having your pay check garnished you probably do n't need Renters Insurance . Most people are n't in that situation though , so it is a good idea to talk to your Insurance Professional today about buying quality Renters Insurance .


Input: What Companies Sell Long Term Care Insurance?

Output: There are several long term care insurance companies of note : Genworth , John Hancock , Life Secure , Transamerica , Medamerica , Equitable and Aetna . The long term care market place is limited by a dozen companies after several companies withdrew from selling long term care .


Input: What Companies Sell Long Term Care Insurance?

Output: There are many companies that offer long term care hybrid products , but these are the main brokerage carriers in the U.S. : Genworth , John Hancock , MedAmerica , Mutual of Omaha and United of Omaha . Each one has a specific sub market , but overall Genworth appears to emerge as the leader of this list .


Input: Will Medicare Go Away?

Output: There are no plans for Medicare to go away in the foreseeable future . In fact , any minor changes that are suggested - such as delaying eligibility from 65 to 67 - would only affect people under 50 . The reasoning behind that is that people 50 and older have already paid into the system and have planned their retirement on having medicare .


Input: How To Keep Health Insurance Between Jobs?

Output: How to keep health insurance between jobs ? if your employer is large enough -LRB- 20 people at work on a given day -RRB- you have an option for COBRA continuation which means you can continue your group coverage for up to 18 months or longer -LRB- depending on certain conditions -RRB- at your expense plus a small handling charge -LRB- 102 % of premium cost -RRB- . If you find that cost to be too much for your budget , you can look to both the individual market or temporary health insurance market for possible solutions . You may not get exactly the same coverage as offered by your former employer , but the cost might be considerably less .


Input: How To Keep Health Insurance Between Jobs?

Output: How can you keep health insurance when you are between jobs ? The obvious answer is COBRA . Under COBRA rules you or your family members can not be denied coverage . Your COBRA plan is the same as your employer group health insurance plan . There may be more affordable options in the private health insurance market .


Input: Why Is Boys Car Insurance Higher?

Output: Insurance companies look at statistics and loss ratio 's to set their rates . Unfortunately , boys have a higher loss ratio and incidence of accidents than girls . Is it always fair , probably not . Many boys are much better drivers than girls . But until the statistics change , that is just the way it is .


Input: Why Is Boys Car Insurance Higher?

Output: Many different statistics are analyzed by iInsurance Companies when developing their rate for various classes of drivers . Over the years , it has been fairly typical that those statistics indicated that inexperienced young male drivers have tended to be involved and or responsible for more auto accidents than have their female counterparts . As a result , rates for young men have been generally higher than those for young women . You and your parents should speak with your Insurance Professional about any and all available discounts in order to help you manage the cost of your car insurance . Ask about discounts for good grades , driver education course completion and bundling along with anoy other options they may have to offer .


Input: Will Health Insurance Costs Go Up?

Output: Health insurance costs will probably go up in 2014 . The question is ... how much ? When State Exchanges are operational , most unbiased experts agree that rate increases are inevitable , although federal tax subsidies will help those persons that can qualify . Selecting high-deductible plans and working closely with an experienced broker can help you find the lowest prices from the top-rated carriers .


Input: How Much Does A Pool Increase Homeowners Insurance?

Output: It really depends heavily on the homeowner carrier chosen and the type of pool , whether in-ground or above-ground . In Florida , the premium will also be affected by the presence of a screened-in pool . While the screened-in situation helps with the accidental fall peril factors on the liability side , the screen has a negative effect in terms of its vulnerability to wind damage on the property side . Security devices in and around the pool and access doors can have an affect on the pricing . Bottom line is that carriers view and rate pools differently . You really need to get some rate comparisons .


Input: Is Home Insurance Based On Appraisal Value?

Output: Homeowners insurance is typically based on reconstruction value as determined by the software that your insurance carrier uses . This software will normally be fairly close to the appraised value of your home but not always . Depending on markets the reconstruction costs could be higher or lower than the appraised value at any point in time .


Input: How Do I Know How Much Car Insurance I Need?

Output: There are a number of factors I look at to determine how much insurance a client needs . Income , valuables , current savings or future savings goals -LRB- education , retirement , homeownership -RRB- are all things that I take into consideration . Why do these matter for car insurance , you might ask ? Because if you get into a serious or fatal accident , all of these things could be taken from you in a liability lawsuit . I highly recommend sitting down with an insurance professional to discuss the appropriate limits for your specific situation .


Input: Can I Use My Hsa To Pay For Long Term Care Insurance?

Output: You can use your HSA -LRB- Health Savings Account -RRB- to purchase long term care insurance . It is a very popular method to purchase this type of policy with tax-favored dollars . An HSA is a very attractive option for reducing your medical insurance costs by utilizing a high-deductible health plan -LRB- HDHP -RRB- along with a `` side account '' that you can deposit funds to pay for qualified expenses .


Input: Is A Variable Annuity A Good Investment?

Output: Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money The Name of The Game . I 'm answering questions from insurancelibrary.com and today 's question is : is a variable annuity a good investment ? Well remember , this is a market driven product , so the first thing you need to do is take a risk tolerance test . After you take the test and you turn out to be a conservative or even a conservative moderate kind of investor , you may not want to do this product . It has market risk , but it also has market potential . They have expense loads that you need to look at and see if the fees that are inside those contracts are worth doing . Remember , a variable annuity is going to be able to accumulate tax deferred and there could be income riders on which probably will cost you a little bit to play . There will be income riders that could generate guaranteed income for life depending upon if you elect to pay for it or not . Again , remember this is a long haul instrument . It has market risk . You could lose your money . Remember to always take the risk tolerance test for a product like this before purchasing . Well , that 's our consumer question for today . If you have any questions just submit them to www.insurancelibrary.com .


Input: Is Accidental Life Insurance Worth It?

Output: Accidental death and dismemberment -LRB- AD&D -RRB- and accidental death benefit -LRB- ADB -RRB- , either as a stand alone policy or as a rider on a life insurance policy , is inexpensive but I question its value . In some instances , it may make sense to the buyer . I do n't follow industry sales data at this granular a level but I can safely say that it is neither offered nor sold as much as it was in the past when our economy was more industrial and agrarian than service oriented the way it is today .


Input: Is Accidental Life Insurance Worth It?

Output: Great question . In my professional opinion , I would say yes especially for people with dangerous jobs or just simply drive ! Normally it does not cost but a few dollars more for a substantial amount more of insurance . Also if you get a plan that offers Return of premium , you get it all back anyway .


Input: Is Accidental Life Insurance Worth It?

Output: Accidental Life Insurance -LRB- usually called Accidental Death and Dismemberment Insurance -RRB- is relatively inexpensive because death due to accident is relatively infrequent . If you were on a very tight budget where you had to choose between Life insurance or Accidental Death insurance , I would suggest owning a small Life insurance policy would be worth more than having a large Accidental Death policy , because the chance of passing due to illness is so much greater than the chance of dying accidentally . However , if you are not on a very tight budget , the low price of Accidental Death insurance makes it a somewhat painless addition to one 's Life insurance portfolio .


Input: Can You Cash In A Life Insurance Policy?

Output: Video Transcript : Today 's question is , Can you cash in a life insurance policy ? Well , providing that 's it 's a cash value policy , you can go ahead and cash it in . Just a heads up , if the cash value is greater that your premiums paid , in other words , greater than your basis , you will have to pay ordinary income tax on the gain , and some of these contracts have surrender charges . If they have surrender charges , you 'll not only have to pay ordinary tax on gain , but you 'll also have to pay the surrender charge . Just keep in mind , I like the liquidity . If you can borrow from your policy and keep it in force , it 's a better deal . If you have to cash it in , you may want to think about , well I 'm just cashing it in to go into another policy , you may want to use a 1035 exchange to bypass the kind of issues like taxable event on ordinary income tax if you have gain in the policy .


Input: How Do I Know If I Am Eligible For Medicare?

Output: There is a website you can use to find out if you are eligible for Medicare . It is at medicare.gov . Or you can call Social Security at 1-800-772-1213 or visit your local Social Security office for your eligibility status . TTY users should call 1-800-325-0778 . If you have lived legally and continually in the US for at least 5 years , you can call Social Security at 1-800-772-1213 for your Medicare eligibility information .


Input: How Much Does Life Insurance Cost For A 60 Year Old?

Output: The rates for life insurance for a 60 year old , as with every age , depend a lot on the type of policy and health of the applicant . If applying for a 10 year Term policy , willing to take an exam and in superb health with no other risk , a 60 year old female could get a rate as low as $ 43/mo for $ 250,000 . If she has some moderate health conditions and does n't want to take an exam , she could get a $ 15,000 final expense policy that will not go up in price for the rest of her life for about $ 43/mo .


Input: How Much Does Life Insurance Cost For A 60 Year Old?

Output: It will all depend on a few factors . When applying for insurance the insurance company considers the following in making a decision to offer you a policy : 1 -RRB- Your current age 2 -RRB- Do you smoke or not 3 -RRB- Your height and weight -LRB- in some cases -RRB- 4 -RRB- Past health history 5 -RRB- Are you currently taking medication for anything 6 -RRB- Your occupation 7 -RRB- Amount of insurance you are applying for . Can you get insurance ? Most of the time the answer is yes . As far as cost you can get policies that are guaranteed issued to those that require full underwriting -LRB- blood and urine -RRB- . Depending on a combination of these factors and your own personal situation you could be looking at something as low as $ 40 a month to policies well over $ 200 a month .


Input: Is Xolair Covered By Medicare?

Output: Xolair is a special class of asthma medication that is administered by injection . Xolair should be covered under Medicare Part B if properly administered in a doctor 's office . Xolair is only approved for those over the age of 12 who have specific asthmatic symptoms that can not be controlled with other medications .


Input: How Do I Cancel Federal Life Insurance?

Output: You can voluntarily waive or cancel federal life insurance -LRB- FEGLI - Federal Employees ' Group Life Insurance Program -RRB- by completing a Life Insurance Election -LRB- SF 2817 -RRB- . On it , sign for the insurance you wish to keep ; the rest will be cancelled . If you cancel Basic , you will have automatically cancelled all forms of Optional insurance .


Input: What Is PDP Health Insurance?

Output: PDP health insurance refers to Medicare Part D prescription drug plans . This type of coverage is a supplemental benefit plan added to your original Medicare coverage -LRB- Part A & Part B -RRB- to cover the costs of prescriptions - it 's often paired with Medigap plans . The idea of adding a Medigap plan and a Part D plan to your original Medicare coverage is to create a predictable healthcare expense structure . I hope the information is helpful - please feel free to contact me for help with your program or if you have any other questions . Thanks very much .


Input: Which Health Insurance Plans Cover Maternity?

Output: The new comprehensive plans that are ACA qualify will cover Maternity starting January 2014 . If you remain a grandfather unwritten plan it is likely it will not cover Maternity . As a reminder all the plans offered through the public exchange will cover maternity and care for your new born baby .


Input: Does Renters Insurance Cover Accidental Damage?

Output: This depends upon what you mean by accidental damage . If you mean accidental damage to a person , i.e. medical payment coverage , then yes that will covered up to the state sub-limit . If you mean accidental physical damage caused by you , then more than likely not . Accidental is not always negligent . Typically accidental is considered intentional gone wrong and all intentional acts are excluded . In summary , if it is an accidental damage to a person , then yes ; but , if it is accidental damage to property , then more than likely no .


Input: Will Health Insurance Pay For Breast Pump?

Output: Yes ! Some will . My wife and I just had our Daughter six weeks ago and her group UnitedHealthCare plan through her employer paid in full for a top-of-the-line Modela breast pump . I do n't want to mislead anyone so before getting the pump , contact the benefits verification department of your carrier or administrator and find out if your plan covers the pump . Please click the `` Contact Me '' button on the left or run a personalized quote at : WEBSITELINK Also , you can call me anytime at : 561-320-2978


Input: When To Make A Homeowners Insurance Claim?

Output: Make a claim when the recovery is more than a potential increase in subsequent premiums . Basically I advise against making petty claims that come close to the deductible on the policy . Many companies provide substantial discounts for being claims free . Loss of that discount should be computed . Other companies , however , lower the deductible for years without a claim . So you need to have a clear idea of the recovery you anticipate before filing a claim . If it is a liability claim , never hesitate to file the claim .


Input: What Is Deferred Annuities?

Output: Deferred annuities are annuities that do not provide immediate income . One places money into these annuities by paying a premium and the that premium becomes cash surrender value in the annuity . The cash value then accumulates at an interest rate specified within the contract . The contract owner will have the option to turn the cash into a guaranteed income stream at a later date , or surrender the annuity for it 's accumulated cash value .


Input: Why Have Legal Cover On Home Insurance?

Output: what I think you mean by Legal cover is what we in the industry refered to as liability coverage . The reason it exists on a homeowners policy , is that it is protection most folks who own a home are at risk of needing . One develops an exposure typically by some form of negligence . So we in the US are empowered or constrained some by what we do that either creates a negligent action or by omission by creating a situation that by no action creates negligence.For example let me talk a bit about trees . Typically you can run the risk of causing harm to your neighbors if a tree on your property comes down on their house . In some states that would be viewed a negligent act in itself , but in other states you would have been required to have been warned by your neighbor of the potential danger in advance of the tree falling.Other mitigating factors will increase you propensity for being liable , such as the tree is dead . Those are some small ways we cause liability by some form of negligence.it may be easier to see negligence in driving but be assured there are many instances around a dwelling that can precipitate a legal liability for your self . Let me just give you a few to think about : your dog bites someone , a child secures a firearm and unintentionally shoots someone ; a visitor trips on the stairs you neglected to rid of ice , your son or daughter hits a baseball through a neighbors picture window , the child down the road jumps on your trampoline while you are not home , kids play in your pool without adequate supervision , your riding lawn runs over your neighbors foot . an on and on Keep a couple things in mind . Homeowners have coverage for various Perils -LRB- wind , hail snow etc -RRB- they all create hazards by the way the home is maintained , protected and secured . If you have a pool that is a creates a hazard of drowning . Without the pool there is little chance of drowning , so the hazards you create are ones for which there are often means to contain and yet the hazard still exist . You might have met the legal requirement to contain the space your pool occupies with a fence , but then negligently fail to lock the gate . so by your action or inaction you create scenarios for which you would be considered negligent and liable . The measure you should always use is what would a prudent responsible person do . If you follow that advise you may spend a few extra dollars , but you will avoid many unnecessary injuries and liabilities .


Input: Is Medicare Bankrupt?

Output: Medicare is not bankrupt . With that being said , there are many , many differing opinions on whether Medicare is on the road to bankruptcy or not . Some say the Affordable Health Care Act will help prevent Medicare from going bankrupt . Others believe the Affordable Health Care Act will push Medicare to bankruptcy . But the answer is : No , Medicare is not bankrupt .


Input: Does USAA Sell Long Term Care Insurance?

Output: USAA uses John Hancock Life Insurance company to provide long term care coverage for its patrons at this time . While USAA does not carry its own long term care policy , USAA is an advocate of purchasing Long Term Care Insurance and has helpful articles on their website about what it is and how it works .


Input: When Is Homeowners Insurance Not Required?

Output: Homeowners is not required by state law . It is required by most lenders . So , it is your motgage company that requires the homeonwer 's policy . They will require that until the mortgage is fully discharged at which time no one will require that you have a homeowner 's policy .


Input: Can Money Be Taken Out Of A Life Insurance Policy?

Output: Money can be taken out of a life insurance policy if there is enough cash value accumulated , minus charges , to take money out . This can be done by policy loans , surrender , or dividends . A policy loan must be repaid with interest to keep the policy intact . Surrender causes the life insurance to be terminated . Dividends can be taken in cash vs adding them to the policy . Contact the agent or company through whom you have your policy to request a current illustration and see how much money you have available . Then review all your options thoroughly with your agent so that you can safely take full advantage of this great resource you have built up .


Input: What Does Group Life Insurance Cover?

Output: Group Life Insurance covers Death , just like any other Life Insurance Policy . So when the beneficiary presents a Death Certificate to the Life Insurance Company , they will cut them a check for the specified amount . Most Group Life Insurance is not what is called `` portable '' , meaning that you have the option to continue coverage after your employment ends with that company . If your Group Life Insurance is extremely cheap , then it is most likely true Group Life coverage and will not be portable if you were to change jobs . Some companies offer `` Voluntary Life Insurance '' or `` Individual Group Policies '' that do transfer with you when you change jobs . Often these policies have simplified or less stringent underwriting , so they can be good opportunities for people with more serious health conditions . Just remember to always ask if the policy is `` portable '' or not when you change jobs . If it is not , it is highly recommended that you secure an Individually Owned Policy .


Input: What Does Group Life Insurance Cover?

Output: Most group life insurance policies are small term life policies that renew annually after a risk review by the carrier . The younger and healthier the company employees the better the rates . Most employers pay the premiums for the employee and it becomes a `` free benefit '' for the employee . The employer holds the master policy and the employees each have a certificate of insurance . Ranges can vary from $ 10,000 to up to five times a person 's income . Most group life insurance policies expire when the employee terminates employment for whatever reason . It is always advisable to have your own personal life insurance along with a group life plan to protect your insurability .


Input: What Does A Life Insurance Mouth Swab Test For?

Output: A mouth swab test generally tests for drugs and tobacco . It can also test for other things but this is what the insurance company is usually looking for . Many companies are doing this instead of having a paramedic come out and take blood . It is less expensive and the agent is able to do it when he does the application in many cases .


Input: What Does A Life Insurance Mouth Swab Test For?

Output: Unless you are purchasing a No Exam policy , the life insurance company will want to know if you are HIV positive . The oral swab test can test for Hepatitis and HIV in addition to marijuana , cocaine and other drug usage . The test also measures cotinine , a much better predictor of cigarette usage than nicotine , and better able to disprove protestations of secondhand smoke .


Input: What Does A Life Insurance Mouth Swab Test For?

Output: Great question ! A swab will test for many things , but typically the focus is on tobacco , major diseases , and illegal substances . They do this to ensure that what is marked on the application matches what is marked in your saliva . That protects you , and the insurance company , should a claim be filed at some point for something that the swab might or might not have found . If you have more questions , please hit the ` contact me ' button , and I 'll get back to you . Thanks for asking !


Input: What Does A Life Insurance Mouth Swab Test For?

Output: A mouth swap for life insurance will test for the following : HIV/Aids and Hepatitis B Tobacco Use Cocaine -LRB- or other elicit drugs -RRB- Use There are other things a swab test can be used for , but for life insurance purposes these are the basics . In addition , if you are only doing a swab test rather than a full paramedical exam then you are most likely applying for a small death benefit term life policy . These are great , inexpensive ways to provide death benefit to the insured . For additional information on a swab test for term life insurance please visit www.clminsure.com or call 561-320-2978


Input: What Does A Life Insurance Mouth Swab Test For?

Output: A mouth swab test is used by life insurance company underwriters for smaller face amounts in lieu of full paramed exam in which urine and blood are collected . The salvia test can show the basics to an underwriter such as tobacco use , illegal and prescription drug use and a few major diseases . The results are compared to the answers on the application for approval consideration or to see if further underwriting will be necessary such as ordering an attending physicians statement -LRB- APS -RRB- which is a person 's medical records .


Input: What Does A Life Insurance Mouth Swab Test For?

Output: The mouth swab test can reveal HIV , Hepatitis , Cotinine -LRB- Tobacco use -RRB- , Marijuana , Cocaine and other drug usage . It is used to confirm answers on the application.Many times it is used in lieu of a more costly full paramed exam in which blood and urine are collected . The application process can be expedited by this method as the agent can often times administer the swab test when completing the application .


Input: How Much Is Renters Insurance Through Allstate?

Output: Great question ! The rates charged for your renters policy will vary , depending upon several factors . The age and size of the apartment complex , where it is located , -LRB- city/suburb/state -RRB- are part of that calculation , as is your credit rating , and the amount of coverage you want . Your best bet is to contact your local agent , and have them walk you through a quote . Thanks for asking !


Input: Will Health Insurance Cover Eyelid Surgery?

Output: If your eyelid surgery is solely for cosmetic reasons , the answer is no . The plan will not cover your surgery . But if you have a medical condition -LRB- or simply aging -RRB- that causes the eyelid to droop corrective surgery may be covered . Your doctor will measure the degree of drop and advise .


Input: What Qualifies As A Medicare Disability?

Output: If you think you might qualify for Medicare due to a disability , you should first file for disability benefits through the Social Security Administration . If approved , you may be able to get Medicare prior to age 65 due to a disability . In order to qualify for Medicare due to a disability , you must meet the criteria defined by the Social Security Administration : `` Social Security pays only for total disability . No benefits are payable for partial disability or for short-term disability . `` Disability '' under Social Security is based on your inability to work . We consider you disabled under Social Security rules if : You can not do work that you did before ; We decide that you can not adjust to other work because of your medical condition -LRB- s -RRB- ; and Your disability has lasted or is expected to last for at least one year or to result in death '' . You can apply for benefits through Medicare because of a disability online at : WEBSITELINK if you are tech savvy . If you choose not to apply online , you can apply at any local Social Security Administration office by phone or in person and you can call ahead to make an appointment by calling 1-800-772-1213 . If you are deaf or hearing impaired , call the SSA 's toll-free TTY number , 1-800-325-0778 . Their representatives are available from 7AM to 7PM , Monday through Friday . It is important to note that this definition of disability `` is different than other programs '' and `` is a strict definition of disability '' according to the Social Security Administration . There are many , more comprehensive disability policies available which allow benefits to be paid for a partial disability , for example , or pay benefits to help with various expenses such as paying your mortgage in the event that you suffer a disability . In addition , these policies can be purchased for key people in a business such as a business partner or profitable executive . For questions regarding which disability policy may be best for you or how much coverage you may need , it is best to speak with an Insurance Professional . They are highly trained in the business of Insurance , and will complete a full analysis of your needs and make recommendations based on what 's in your best interest . An Insurance Professional is a great resource for any other programs and products that may be of benefit to you including state and federal resources that you may qualify for based on your unique situation such as applying for Disability through the Social Security Administration . There is a reason they are so highly trained and regulated ! Resources : www.ssa.gov


Input: What Does PCP Mean In Health Insurance?

Output: PCP stands for Primary Care Physician . A person who is enrolled in an HMO as well as many POS plan must coordinate their medical treatments through their PCP . The PCP is also known as the `` gatekeeper '' because if one wishes to see a specialist they must first obtain a referral from their PCP . This is part of the way that managed care systems try to eliminate surpurflous expenditures , and streamline the quality of care . PPO and other open-network plans generally have deductibles and higher upfront costs to discourage frivilous medical expenditures . HMO 's and other managed care systems have very low upfront costs but rely on ones Primary Care Physician to eliminate frivilous expenses .


Input: Is Long Term Care Insurance Going Away?

Output: Long Term Care Insurance is needed now more than ever . The trend I am seeing is that more companies are coming out with policies that are life insurance based which have a long term care rider attached . One problem with long term care is that people do not realize that they need it until it is too late and they can no longer afford it or qualify for it because of their health . While fewer companies are offering Long Term Care in the traditional sense , Long Term Care Insurance is not going to go away .


Input: What Is Extended Term Life Insurance?

Output: Extended term life insurance is coverage that is provided by the cash value in a life insurance policy . The policy is usually a whole life policy , but can originate from other cash value plans . Here is an example : You have a $ 100,000 whole life policy that has built up some cash value . You stop paying premiums and your non-forfeiture option is extended term . The cash value is used to provide you with $ 100,000 of coverage for a specified term based on the cash value . This is referred to as extended term . Some insurance companies have extended term as the default non-forfeiture option for cash value plan whole life plans when you miss a premium others have automatic premium loan . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What Is Extended Term Life Insurance?

Output: Extended Term Life Insurance does not start out as Term Life Insurance ; it starts as Whole Life . Your Whole Life policy may be changed to Extended Term Life if you can no longer pay the premium for your Whole Life policy . The cash value in your policy is used to buy a Term policy , instead .


Input: Can I Take Out A Life Insurance Policy On A Stranger?

Output: You can not take out a life insurance policy on a stranger unless maybe they owed you money that would be paid back to you by the life insurance policy if they died . But then , they would not be a stranger , unless the loan was done through a third party . The logical answer is , no .


Input: Does Auto Insurance Cover Pain And Suffering?

Output: Auto insurance liability should cover the pain and suffering of a party that sued you and was awarded a judgement . Your liability portion of your policy will contain the specific benefits that protect you . However , it is important to understand that all appeals must be exhausted and the judgement must fall within the specific limits specified in your policy .


Input: How Much Does Car Insurance Cost?

Output: I have seen rates as low as about $ 30/mo and over $ 500/mo . Your rate is dependent on many factors : geographic location , age of drivers in household , MVR records of drivers in household , amount of coverage sought , and many others . Contact a local agent to discuss your needs and wants in coverage and they can provide you with what fits those requirements the best amongst the products that they have to offer .


Input: How Much Does Car Insurance Cost?

Output: Lets say you have a hundred friends and each has an automobile . If they could agree that they wanted to have enough money to pay legal expenses that they might have if they are responsible for an accident , you could form an insurance company . If you were able to determine -LRB- from actuarial studies -RRB- the amount of money you could anticipate spending in helping each other out in the coming year and the amount was $ 50,000 you would then know the basic share for each friend , $ 500 -LRB- $ 50,000 / 100 -RRB- Someone in your group will probably object because they only take their car to shows once or twice a year and certainly dont have the exposure the rest of the friends have . Another will object because they live on a farm and rarely drive into town -LRB- although it might be a long ways . -RRB- They will contend that their exposure is less than the other friends . Another friend will complain because one of the friends has a street-legal racing car and it is more likely that it will be involved in an accident . One of your friends has a drinking problem and no one really wants a share of his legal liability . And so it goes . What at one time seemed simple and logical becomes increasingly complex . Actuaries are a rare group of people who compile data and have the ability to slice that data in many different ways to determine the effects of the location where the car is garaged , average annual miles , credit risk of the owner , make , model and year of the vehicle . In fact , these actuaries can compute over 100 rating areas for an automobile . The point that this exercise makes is to distribute the risk that all of us face equitably . I have been asked if a red car costs more to insure than others . I am sure that a study somewhere has shown that red cars have a slightly higher than average accident rate . It is something that could be used in the rating process . I have been asked if a previously totaled car , now registered legally can be insured based upon that same concern for a fair premium . So actuaries give the insurance company many alternatives upon which they can design a rating scheme for an automobile . In my state the scheme is set by state law . Actually the California Constitution dictates how automobile policies will be rated . So legislative action can have a profound effect on automobile rating . Most states give authority to their insurance commissioner to regulate automobile insurance rates . Their charge is not so much to maintain fairness as it is to make sure that the companies take in enough premiums to pay the claims that are anticipated . In other words , the commissioner does everything in his or her power to make sure that insurance companies keep their promises . Insurance companies keep very close tabs on the claims that they pay and the premiums that they take in . Actually the actuaries get involved in this as well , to determine if they are charging enough for every different type of coverage . When the company fails to receive enough premiums to pay all of the claims in a given year , they approach the commissioner and propose a rate increase . At this point the company has done everything possible to spread the risk appropriately , however , there are some areas that they want to adjust to make sure that the company is being fair and that the company can continue to keep its promises . That is how a company computes what it will charge you for your car .


Input: Executor Of Will Life Insurance?

Output: Leaving life insurance to `` executor of will '' is like leaving it to `` estate '' . These terms instruct the money to be left to your estate , and thus , will cause your life insurance proceeds to be subject to estate taxes and probate fees . Naming a person as beneficiary of your policy generally bypasses probate , even if that person is stated in your will to be your executor .


Input: Does Progressive Sell Renters Insurance?

Output: Yes they do , in most States . It covers your possessions when renting a residence . In addition to Progressive , many companies sell this important product . However , they may not offer it in all States . It is an important coverage . One of my adult Sons found out first hand when a grease fire set his rented apartment ablaze when he was in college , damaging most of his possessions and causing smoke damage to other units within the complex -LRB- liability issue -RRB- . Fortunately and surprising to me ... as his Father ... he had purchased a renters policy ! It also protects the policyholder with liability coverage for accidents that might harm someone on the rented premises , as a result of possible/alleged policyholder negligence . Like homeowner insurance , renters insurance protects the policyholder 's property from damage caused by several common perils , including fire , theft , water damage and other circumstances that a landlord policy might not cover .


Input: Which Is Better Medigap Or Advantage?

Output: If you can afford the premiums I recommend the Medigap -LRB- Medicare Supplement -RRB- . With a Medicare Supplement you can go to any doctor who accepts Medicare , most plans do not have a network . You have much less out of pocket exposure depending on the plan you choose . Plan F is the most comprehensive .


Input: Is There An Age Limit For Annuities?

Output: There are issue age limits to most annuities , generally age 85 , some to age 90 . There 's an old adage : just because you can do something does n't mean you should . Annuities for age 80 and over should be scrutinized by the policy estate beneficiaries or adviser for geriatric product suitability . That does ' t mean you ca n't should n't own an annuity post age 80 , just that it must make economic sense in light of the annuitant 's life expectancy .


Input: Is There An Age Limit For Annuities?

Output: Some annuities have a limit of age 75 , some age 77 , some age 80 , and some up to age 90 . In the older ages , only immediate annuities are sold , where the annuity is purchased as a lump sum and immediately annuitized , rather than deferred annuities which take some years to build up before being annuitized .


Input: How Much Is Home Insurance In Wisconsin?

Output: Based on my experience with the carriers that I have worked with , homeowners insurance is an average of eight hundred to fifteen hundred per year in Wisconsin . There are many , many factors that go in to determining your rate for your homeowners coverage . Please call a local agent to discuss your coverage needs , desires , and concerns .


Input: How Much Is Home Insurance In Wisconsin?

Output: I agree with David . I typically see rates which average about $ 800-1200 per year . Of course , there are several different coverage options and endorsements which impact premium . Cheaper is NOT always better . Talk to an agent to make sure your assets are adequately covered . If you find yourself complaining about your premium , remember that Wisconsin has some of the lowest homeowners premiums in the U.S. ! You live in a great state !


Input: Can An Insurance Company Cancel My Policy If They Never Sent A Bill?

Output: They can do that if they have proof that the bill was sent out . However , you can try to resolve this with them over the phone . Also , your policy has a month grace period where it will stay in effect even if the payment is up to a month late . It sounds like the payment was over a month late . Perhaps you can reinstate your policy and switch to automatic withdrawal as a safeguard from this happening again .


Input: What Is The Difference Between Collision And Comprehensive Car Insurance?

Output: Collision coverage pays for loss or damage from collision of the insured car with another vehicle or object . This includes upset of the insured car . This coverage applies regardless of who is at fault . Comprehensive - otherwise known as `` Other than Collision provide coverage for loss from : Missiles or Falling Objects , Fire , Theft or Larceny , Explosion or Earthquake , Windstorm , Hail , Water or Flood , Malicious Mischief or Vandalism , Riot or Civil Commotion , Contact with Bird or Animal , and Breakage of Glass . Collision and Comprehensive coverage typically must be purchased together . Remember every policy is different , contact your local agent to find out what is offered in your area with specific companies .


Input: What Is The Difference Between Collision And Comprehensive Car Insurance?

Output: Collision and comprehensivecoverage ` sare physicaldamagecoverage ` spurchasedfor your ownvehicle . Collision is just like it sounds . Your car is involved in a collision -LRB- crash , upset , rollover -RRB- then the collision coverage would pay for thedamageto your vehicle minus your deductible . Comprehensive coverage is anything that is not collision . For example , flying or falling objects , vandalism , theft . If you wish to fully protect yourvehicleyou would want to purchase both collision and comprehensivecoverage However Comprehensive coverage can be purchased withoutcollisioncoverage . Not the other way around .


Input: Can Deferred Annuities Be Surrendered?

Output: Yes , deferred annuities can be surrendered . There will be a surrender charge if you surrender your annuity in the first years of the policy -LRB- usually 5 to 8 years , whatever is stated in your contract -RRB- . And you must wait to surrender it until after age 59.5 to avoid a 10 % penalty . You can switch annuities in a 1035 exchange without paying taxes on the surrender value .


Input: Can Deferred Annuities Be Surrendered?

Output: Almost every annuity can be surrendered . A deferred annuity frequently has a surrender charge . This charge is a percentage of the value of the annuity and normally reduces every year until it vanishes . There might be income tax consequences because the earnings inside the annuity have not been previously taxed . If the deferred annuity has started paying a lifetime income or other settlement to the annuitant , it is highly unlikely that the contract can be surrendered at that point .


Input: Can Deferred Annuities Be Surrendered?

Output: That is a great question ! Yes , you can surrender your annuity , the question is do you really want to ? The type of annuity that you purchased is designed to sit for a while to allow the insurance company to make money too , and you have to know they are going to get theirs , one way or another . This is done by assessing you a surrender fee , and it is a percentage of the premium you deposited to start the annuity . Depending upon your annuity and the length of time you 've had it , this can be upwards of 10 % . If the money has been there several years , and you are just now needing some cash , I 'd recommend looking at every other option first . It 's likely that you may be able to take a percentage free from your annuity , but that can greatly affect the payout amounts later , so I 'd look for other options first . Can you borrow from your life insurance , for example ? Please contact your agent , and really look at your options , ok ? drop me a line , I 'd be happy to help . Thanks for asking !


Input: Can Deferred Annuities Be Surrendered?

Output: Any annuity can be surrendered . The question is at what cost , if any , will the surrender trigger a surrender charge , a taxable event or a pre age 59 penalty . And if the annuity is in a qualified plan , there may be other exit costs associated with the surrender of the policy .


Input: How Does Split Dollar Life Insurance Work?

Output: Split dollar arrangements can vary between a corporation and it 's key executives , the grantor of an estate and it 's associated irrecoverable life insurance trust or two parties that share an insurable interest . It is a sharing arrangement between two entities of death benefit and cash values of a life insurance policy .


Input: Is It Worth It To Get Renters Insurance?

Output: Yes . It is about $ 7/mo for $ 30,000 of coverage . You have no control over your neighbor burning down the complex because they fell asleep while smoking . Do you have an extra 30K lying around to buy new clothes , tv , laptop , furniture , office , etc ? Most people do n't .


Input: Will Home Insurance Pay For Roof Replacement?

Output: It may if your roof was damaged by a covered incident less your policy deductible . Many homeowners policies have a different deductilbe for wind , hail , or roof claims . Please remember every policy is different . Read your policy completely to understand the coverage provided and any exclusions that there may be .


Input: Does Usaa Offer Disability Insurance?

Output: USAA does not offer Disability Insurance . To find Disability Insurance , you can contact a broker such as my website , or contact other agents answering questions about Disability Insurance on this website . DI brokers can shop multiple carriers to find you the lowest price for your individual Disability Insurance policy .


Input: Does Usaa Offer Disability Insurance?

Output: Per this webpage on USAA 's website , they do not offer Disability Insurance . However , they give advice on what to look for in a Disability Insurance policy . WEBSITELINK To get a personalized Disability Insurance quote , contact an agency that advertises selling DI or numerous life insurance products , and try to talk to an agent to be sure you are working with someone who can truly help you .


Input: What Is The Best Type Of Retirement Plan?

Output: What is the best type of retirement plan ? Well the answer is one where someone else bears the investment risk and responsibility for retirement income . The Best retirement plan is known as a defined benefit plan . A defined benefit plan is one where your payout is stated in advance to you and is the obligation for investment performance and the assumed risk of investing is on the employer to bear .


Input: What Is The Best Type Of Retirement Plan?

Output: This best type of retirement plan is one that will fund the lifestyle you want to have in retirement , weather storms and not run out before you do . The first step is to decide what retirement success means to you and then calculate what is needed to fund it . The theory behind asset allocation is to mitigate risk by using difference asset classes . In retirement planning , product allocation is using the strengths and features of different products to mitigate risk . There is no one best product . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community.If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What Is The Best Type Of Retirement Plan?

Output: The best type of retirement plan is one that you will follow working towards your goal . Depending on your age , when you plan to retire and how much money you need to maintain the living standard you desire , will determine the best way to meet your goal . How you feel about market risk and the volatility which happens will also need to be taken into account . If you have a 401 -LRB- k -RRB- , that is a start especially if your employer is matching . This is free money to you .


Input: What Is The Best Type Of Retirement Plan?

Output: The best type of retirement plan is one that meets your objectives . Another answer is that the best type of retirement plan is one that is paid for by someone else , normally an employer . The third answer is the best type of retirement plan is one that provides a floor of guaranteed income with the potential of some mad money so that you can enjoy your golden years .


Input: What Is The Best Type Of Retirement Plan?

Output: The Best Type of Retirement Plan is the one suitable for you . Suitability is gauged by creating a personal financial profile , developing a psychological risk tolerance and understanding your economic goals . Once thats established then you can decide if youre going to use qualified or non-qualified plans , conservative , moderate or aggressive investments and plot those determinations on your retirement start date and life expectancy .


Input: How Does A Health Insurance Exchange Work?

Output: Under the Affordable Care Act , Exchanges or the new term Marketplaces will be set up online by either the State or Federal Government . You will be able to select one of the plans within the exchange . There will be four plans to choose from . If you qualify you may select from one of these plans and receive a subsidy . You may also go to a private Exchange or take out a plan from an individual Health Insurance provider if you choose to purchase outside of the exchange .


Input: What Are Guaranteed Annuities?

Output: Assuming the question is related to guaranteed interest rate annuities , annuity companies offer guaranteed fixed interest rates for a guaranteed period . Those guaranteed periods range from 5 to 10 years . Currently , rates range from 2.75 % to 3.2 % . Rates can change , so always confirm the rate before buying a fixed rate annuity .


Input: What Is A Homeowners Insurance Endorsement?

Output: An endorsement is a change to the policy . Coverage 's could of either of been added or removed . Some times per the client request or sometimes at the carrier level which in most cases enhances coverage 's or potentially limits coverage 's . It is important that you thoroughly read your policy and contact your agent with any questions you may have on your coverage 's .


Input: When Should I Drop Disability Insurance?

Output: The risk of becoming disabled increases as we grow older , so disability insurance can be even more valuable as you age . Granted , you may no longer have children at home , but most people depend on their paycheck to pay bills or meet financial goals , regardless of how old they are . There really is no reason to drop it until you have to -LRB- i.e. no longer earning a paycheck -RRB- .


Input: When Should I Drop Disability Insurance?

Output: The appropriate time to drop disability insurance is when you and your loved ones are no longer dependent upon your income . This means you have built a nice nest egg or an ongoing residual income to last until your retirement income starts . Otherwise you should keep your disability coverage in place if you are still dependent upon your ability to work for your income .


Input: What Causes Car Insurance To Go Up?

Output: There are many factors that cause your auto insurance rates to rise . Some of those factors are moving violations that have occurred for any drivers listed on the policy , a change in credit rating for the primary insured or other drivers listed on the policy , any claims made , and changes made to drivers on the policy or vehicles covered just to name some of the main ones .


Input: What Is Catastrophic Health Insurance?

Output: Catastrophic health insurance protects individuals and families against unanticipated sickness and illness . Often referred to as `` major medical '' coverage , it is typically much less costly than conventional comprehensive plans . Catastrophic plans can be purchased through major insurers both on and off the Federal and Sate Exchanges . To qualify for a Marketplace -LRB- Exchange -RRB- plan , you must be under the age of 30 , or show that you can not afford to purchase other Exchange plans -LRB- Platinum , Gold , Silver and Bronze policies -RRB- . Inpatient and outpatient hospital expenses are covered , along with many associated costs that often accompany a confinement . However , routine office visits , specialist visits and prescriptions may not be covered , depending on the plan and carrier . During Open Enrollment , there are no medical questions asked and pre-existing conditions will be covered with no waiting period or restrictions . LIVE answer provided by : Ed Harris - Premier Health Insurance Broker and owner of several of the nation 's leading medical websites that offer the lowest available rates . All quotes are free .


Input: Does Car Insurance Go Up After A Speeding Ticket?

Output: It is possible your car insurance will go up after a speeding ticket . However , you may not notice any increases until your driving record is checked by your insurer . It is still possible there will not be an increase . However , if the ticket were for a DUI , you can count an increase coming much quicker and harsher than a speeding ticket .