Input: Do I Need An Appraisal To Get Home Insurance?

Output: No , in most cases your home insurance is based on the replacement cost . Your agent will either measure your home or obtain the information from the county auditor website . They take in consideration the type of home , number of baths , construction , when it was built and a variety of other things to come up with replacement cost . There is also a Market Value policy which pays just the market value of the policy .


Input: Can Children Be Beneficiaries Of Life Insurance?

Output: Children can be beneficiaries of life insurance , but if they are minors when the death of the insured person passes , the court may name a guardian to handle the funds . It is better to leave the life insurance death benefit to a trusted adult to manage on behalf of your children , or to set up a trust that dictates how and when to distribute the money to your children .


Input: How Do I Get Health Insurance With A Pre-Existing Condition?

Output: Under the affordable care act , a health insurance company can not deny you coverage for any pre-existing medical condition or other related illness . So , in short , you can apply for any health insurance plan during the annual enrollment period or outside of it if you have a qualifying event -LRB- e.g. getting married , having a baby , coming off of group coverage , etc. -RRB- for a special enrollment period . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can I Get Car Insurance Without A License In Pennsylvania?

Output: Yes , you can . A couple things though - If you are the owner of the vehicle and do n't have a license -LRB- maybe it 's suspended or maybe you are no longer allowed to drive due to medical conditions -RRB- you can purchase insurance and be named as the Insured . However , you must also assign a licensed driver to the vehicle and you , yourself , must be listed as an Excluded Driver . If you have an out-of-state license , you can get Pennsylvania insurance , however you will have 30 days -LRB- some companies offer 60 days -RRB- to convert your license into a PA license , otherwise the company has the right to cancel your policy . If you need further help obtaining PA Auto insurance , please contact me : WEBSITELINK or call/text : 570.294.4140


Input: How Much Should I Expect To Pay For Health Insurance?

Output: Health insurance premiums will vary depending on the type of coverage you are purchasing and the number of people you are insuring -LRB- i.e. individual vs. family -RRB- . It will also depend whether or not your state allows insurers to decline applicants and exclude pre-existing conditions . In very broad average terms , you should anticipate between a few hundred dollars a month for an individual and up to a few thousand dollars per month for a family .


Input: Should I Sign Up For Short Term Disability Insurance?

Output: That is a great question ! I believe that if it 's in your budget to afford a disability policy , that everyone should have one . These types of policies are great `` paycheck protection '' , as they can be lifesavers when something happens , and you are unable to work . Relying on workman 's comp or SSI Disability is n't wise . I hope that helps , thanks for asking !


Input: Should I Sign Up For Short Term Disability Insurance?

Output: Yes , disability insurance is really paycheck insurance and protects your income stream in the event an accident or illness prevents you from working . There are two type of disability insurance ; Short Term & Long Term disability . Short term plans usually cover periods of 13 or 26 weeks . Long Term plans , as their name implies , run for longer terms that can go on for years depending upon the policy . It is estimated that a 20 year old has a 25 % chance of being disabled for some period of time before they reach retirement age . Currently 12 % of the U.S. population is disabled with only 5 % of those disabilities being work related . So , a health problem or off the job accident is the most likely cause of someone becoming disabled . A recent report shows the average Social Security Disability payment is $ 1065 per month and qualifying for Social Security disability is famous for being difficult and time consuming with waits of 2 years for approval not being uncommon and as of 2009 , only 30 % of Social Security disability claims were approved . Relying on Social Security alone to preserve your lifestyle in the event of a disability is unwise . The majority of persons who experience a disabling event can return to work within about 90-days . But , for persons who experience a disability exceeding 90-days the average length of these types of disabling events is 3.2 years ! Ideally , a person will have both short term and long term disability insurance protection . Short term disability insurance will be less expensive and if your budget does n't allow for both coverages I would suggest starting out with short term coverage for the longest coverage period possible . If you are a female I would also recommend that you verify how a prospective short term disability policy treats maternity . Some policies treat maternity as a disabling event while others do not . This can be an important difference for a woman in her child bearing years .


Input: Does Medicare Cover Ultrasounds?

Output: Ultrasounds are covered under Medicare . If they 're completed as an inpatient in a hospital , it would be covered by Part A . If they 're completed on an outpatient basis , it would be covered under Part B. Please note , the ultrasound mustbe deemed medically necessary to help diagnose a medical problem by your physician . Medicare typically pays for about 80 % of the expenses - you would be responsible for paying the other 20 % . A Medicare supplement policy can help pay the remaining 20 % . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: What To Do When Your Homeowners Insurance Claim Is Denied?

Output: If you have a dispute with an insurance company , read the policy . The policy is designed to be readable . If there is something you dont understand in the policy , get help . You can get help from a number of sources ranging from another agent or friend to legal counsel . You are not required to accept the verdict of the adjuster . If you feel some vital information has not been considered , tell your agent . Make sure you have the facts . The companies are usually very careful before they deny a claim .


Input: Much Life Insurance Does A Single Person Need?

Output: At least enough to cover the cost of taking care of your situation if it happens along with enough to prevent this tragedy from becoming a double whammy for the people who love you and will be the ones cleaning up your business behind you . As a young single man I carried around 50k of life insurance at 19 . Why ? I did n't want my parents who were the people who would have to take care of my stuff I left behind to suffer any financial hardship to do so . Imagine your mom , already dealing with the loss of you , having to also deal with the cost of a service for you , loss of wages from work and other costs . Long before I became an insurance agent I loved my mom enough to not want to make my death even worse for her than it could be . You can apply that thought towards anybody that loves you and will be that person or persons having to deal with your loss . Hopefully , you matter to somebody . That 's what you 're doing it for . At a minimum carry enough to account for your responsibilities and to cover the loss other people will have to take on to deal with your loss . Your loss is hard enough to the people that love you . Do n't make it worse .


Input: Much Life Insurance Does A Single Person Need?

Output: The amount of life insurance required by a single person is determined by the purpose for their coverage . E.g. . If they would like it to pay for outstanding debt at the time of their debt , they would want to get a policy with a face amount that covers that . If they want their policy to pay for their funeral , they would need a final expense policy of that amount . There are many ways that life insurance can be used to settle affairs upon the death of a single person . Because it does not have to go through probate , many single people find life insurance to be a simple and effective way of handling their estates .


Input: Who Has The Best Short Term Disability Insurance?

Output: STD -LRB- short term disability -RRB- plans are normally only offered through an employer . Some employers provide STD coverage at little or no cost to you while others will make coverage available through payroll deduction . Carriers such as AFLAC , Allstate , Colonial and others make STD coverage available in the workplace . In these situations you usually do n't get to pick a plan from a different carrier .


Input: Who Has The Best Short Term Disability Insurance?

Output: There are only a couple of companies that sell private Short Term Disability Insurance . Mutual of Omaha is one , and Assurity Life also offers this product . Both are highly rated and respected companies . Most Short Term Disability Insurance is provided through an employer by the company of their choice .


Input: Who Sells Critical Illness Insurance?

Output: Who sells critical illness insurance ? Mutual of Omaha , MetLife , Aflac , Western & Southern Life , Lincoln Financial , United Health One -LRB- Golden Rule -RRB- HumanaOne and Assurant Health are some companies that sell critical illness insurance policies . As you can see , some are mainly Life insurance carriers and some are mainly Health insurance carriers . So you can get this type of coverage through many venues .


Input: Who Sells Critical Illness Insurance?

Output: Many experienced brokers sell Critical Illness insurance plans . Since this type of product is a fairly specialized plan , it is very important to consult a broker that has great familiarity with the different types of plans along with all of the carriers that offer coverage . They can also explain the application process .


Input: What Does Disability Insurance Mean?

Output: Disability insurance is just that ! It covers you should you be unable to perform your job due to an accident or illness . Some companies consider disability to include `` any occupation '' while others consider disability to mean that you are unable to perform the duties of your own occupation . When selecting a disability plan make sure you choose `` own occupation '' over `` any occupation . ''


Input: What Does Disability Insurance Mean?

Output: Disability insurance could just as easily be called income replacement insurance . Disability insurance is a policy that will replace up to 70 % of your current income due to an illness or injury so severe you can no longer perform the duties of your occupation . There are two basic types of plans . Short term disability is designed to start paying in days or weeks after becoming disabled for usually up to one year . Long term disability has a longer elimination period such as 30-60-90-180-360 days but pays for years and can pay up to age 67 years old .


Input: How To Bill Medicare As Secondary Insurance?

Output: Your employer group health plan will know . When you receive services , the medical provider will -LRB- in most cases -RRB- bill the group health plan and Medicare . The carrier will have your Medicare information on hand and know if they are primary or Medicare is . If they are primary , they will pay their portion . After the group plan pays , Medicare will review the balance and pay their portion .


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

Output: How long does it take to collect proceeds from a life policy ? Not all that long . Most of the time is spent getting the information together . You are going to need a certified copy of the certificate of death . Actually you should have 5 or 6 made as you will need them for other things besides insurance . When you have the paperwork together and submit , usually it does n't take long for payment to be sent to the beneficiaries . Usually about 5 working days or so with the companies I have worked with . You also will receive interest on the money held while the paperwork is being put together as part of the claim .


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

Output: Once the life insurance company has been notified of the death , a claim form must be filled out and returned to the life insurance company with a death certificate . Getting the death certificate is sometimes the longest part of the process . Once the insurance company receives the death claim form and death certificate , they usually pay the death benefit within weeks .


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

Output: It varies depending on the company and type of coverage . With most policies you ca n't file the claim until you have a certified death certificate . That can take from 2-days to 45-days to get . Then most life insurance companies will pay the claim within 30-days of receiving the death certificate and claim form . Some companies that specialize in funeral insurance coverage pay the claim within 48-hours with no death certificate needed . If you die within 2-years of taking out the policy , it will be contestible and that will slow down the claim process .


Input: Who Has The Cheapest Homeowners Insurance Rates?

Output: Like all other types of insurance , there is no one single price for home owners insurance , nor is there one company that is `` best '' or `` most affordable '' home owners coverage for everyone . To determine the best plan for your personal situation , I suggest speaking with a licensed insurance agent , one who represents many companies in your area . That is the only way to ensure you receive honest , expert advice , based on your personal needs . With property and casualty coverage such as home owners or auto insurance , you can normally get a better deal when purchasing coverage for more than one item . For example , I have my car and my home both covered on policies with Auto-Owners Insurance company . With the multi-policy discounts I receive , I actually pay less to insure my home and car than I would pay to insure my home , if that was the only policy I carried with that company . While that may sound illogical , if not unbelievable , it is true , and is a very smart approach to take to make sure you keep as much as your hard earned money in your pocket as possible .


Input: When Should I Buy Home Insurance?

Output: The most common time that Homeowners Insurance is purchased is in anticipation of the closing on your new home . Insurance coverage is a requred element for a mortgage these days . Beyond that , you can review your Homeowners Coverage at any time and , if there is an advantage to alteringor to replacing coverage , this is really up to you as the property and policy owner .


Input: When Should I Buy Home Insurance?

Output: When you buy a home , condo or town house your mortgage company is not going to let you close on the transaction without protection for their financial investment in your home . That is not going to happen . Should you buy insurance even if you pay for a home with cash and have plenty of resources , you still might sleep better knowing that you are protected from loss . I have run into very few people who are in the this financial category and if they are , they still will buy a homeowners policy .


Input: Which Home Insurance To Get?

Output: Buy home insurance from an agent that you can trust . If you havent an agent , get recommendations from friends , colleagues or neighbors . A good agent will listen to you , give sound advice , accurately record information and most importantly , answer your questions . A computer can do one of those functions . At the time of claim the critical issues will be , is the coverage in force , is it adequate to restore the loss and is there someone there to answer questions .


Input: How To Get A Homeowners Insurance Binder?

Output: A binder is used when the company or company though an agent is agreeable to providing insurance but the actual delivery of the product might take more time . For example you are buying a new house and you are closing on short notice.It may be impractical to provide a policy in the short time available between the time you decide on the purchase and the closing event . In that instance it may be more practical for the company or agent to provide you with a Binder which sets out the contract terms in brief and is proof of insurance for a period of short duration , such as 30 days . With internet delivery of policy documentation it is not as frequently used as it once was as often the policy can be created electronically in a matter of hours , but the actual delivery may be dependent on the post office .


Input: What Are M&E Charges On Life Insurance?

Output: M & E charges for life insurance stand for Mortality and Expense charges . They are fees that cover various risks and expenses assumed by the insurer . The M & E charge is usually calculated as a percentage of the assets held by the investment funds underlying subaccounts held by the insurance company .


Input: What Are M&E Charges On Life Insurance?

Output: The mortality and expense charges on a life insurance contract vary by carrier . The exact amount is never disclosed on term and whole life insurance contracts , but can be disclosed on a universal life insurance contract . These charges can sometimes be explicitly stated as charges , or sometimes are quoted as charges per $ 1,000 of death benefit coverage .


Input: How Do You Buy Long Term Care Insurance?

Output: How do you buy long term care insurance ? Well , in Washington you start by contacting me ! That said you should look for an agent who can show you different companies , compare different options and provide you a choice of plans and carriers to help you with the process . Purchasing LTC can be complex as you should plug in and pull out different features to see what they will do for you as well as what they cost .


Input: Does Auto Insurance Cover Pulling A Trailer?

Output: Yes , it does in many cases . Liability coverage from your personal auto policy extends over to the trailer . If for any reason there is a mishap and , for example , the hitch breaks or the trailer comes loose for some other reason and hits something or someone causing damage or injury , the Liability coverage will be there for you . However , if you want to have coverage for the trailer itself , then it will have to be added to your personal auto policy . Just like your cars , then , there would be physical damage protection on the trailer and a separate deductible would apply .


Input: Will Medicare Pay For Life Alert?

Output: Medicare covers items that are considered medically necessary . This includes diagnosis and treatment of medical conditions caused by accident or illness . Medicare will also cover some DME -LRB- durable medical equipment -RRB- if prescribed by a doctor as part of your treatment plan . Services such as Life Alert are not considered medically necessary .


Input: Does Health Insurance Cover Keloid Removal?

Output: Health insurance may cover keloid removal if connected in some way with another covered event . For example , if you required surgery to address a serious health issue and the keloids formed from the surgical scar , your policy will probably cover the removal . Likewise if the scarring resulted from an accident where you sought treatment within a prescribed time frame , then the procedure may be covered . Most plans will not pay benefits for any purely cosmetic procedure .


Input: Can You Rent A Uhaul With Car Insurance?

Output: I not certain how having or not having automobile insurance would have an effect on renting a Uhaul trailer . If you are asking if your automobile insurance would extend to covering the rented Uhaul , the answer is maybe . Your automobile insurance liability coverage will typically travel with the insured not the vehicle , but comprehensive and collision coverage do not travel with the insured theyprovide coverage for thevehicle listed on the policy .


Input: Does Vanguard Offer Annuities?

Output: Vangaurd has an advisory platform that can sell annuities , but Vangaurd does not itself manufacture annuities . If you purchase an annuity from this platform , Vanguard is acting as the agent and performing the same services any insurance agent would perform and receiving commissions that any agent would have normally been paid .


Input: What Is The Difference Between Annuities And Mutual Funds?

Output: An annuity is a contract with an insurance company . The main purpose of the contract is to provide a lifetime income . In order to meet this objective the insurance company puts money into one of several funds depending upon the desires of the customer . Some of these funds allow the customer to select individual investment sub-accounts . These sub-accounts look a lot like mutual funds however ; they are agreements with the insurance company . Mutual funds are managed funds that invest in securities or cash .


Input: What Is The Difference Between Annuities And Mutual Funds?

Output: A mutual fund is an investment vehicle operated by an investment company which pools the assets of many individuals . The money raised is then invested in accordance with pre-defined goals . Money market funds : These funds invest in a variety of short term , money market debt such as Treasure bills or commercial paper . Growth funds : have an emphasis on long-term capital growth , usually through investment in common stock . Income funds : Focus on providing high , current income , using bonds and other income producing securities . Balanced funds : strive to provide income and long-term capital gain . Both stocks and bonds are used . Keep in mind that mutual funds have risk and you can lose money . Non-qualified tax deferred annuities have basically three crediting methods : interest rate crediting , indice crediting and separate sub account crediting . Interest rates are generated by the companys predominately government bond portfolio . Most indexed annuities invest their interest rate returns in domestic and foreign index options . Some indexed annuities that credit zero in a given year , still charge policy expenses and which could result in a loss . Variable annuities use equity and bond instruments in their separate sub accounts selected by the variable annuity owner . These separate sub account allocations are subject to market risk , i.e. you can lose money .


Input: What Is The Difference Between Annuities And Mutual Funds?

Output: That is an excellent question ! A mutual fund is a financial vehicle that takes a sum of your money , and then invests it into stocks and bonds that the fund managers choose . There may be gains , or losses , depending upon the choices , how well they perform , and the fees that you pay for the fund to be managed . An annuity is a contract with an insurance company where you basically give them a lump sum of cash , and they in turn promise you a given rate of return on that money , and a guaranteed period of time to pay you from it . You can have small gains , orlarge gains from an annuity , but can not lose anything , as they guarantee at the minimum what you gave them to fund the annuity . The insurance company invests the money that you give them , and they assume the risk of gains or losses . I hope that helps . If you would like more info , please contact me , ok ? Thanks for asking !


Input: What Is The Most Affordable Health Insurance In Texas?

Output: The answer to your question depends on several factors . Your age , gender , Zip Code , tobacco use , height and weight and your overall health . There are websites such as WEBSITELINK where you can compare the types of plan most suited for you . There are probably over 300 health plans from various insurance companies that you can review . I suggest using an experienced agent or broker to assist you and answer your questions .


Input: How Much Does Group Health Insurance Cost A Small Business?

Output: Group health insurance quotes are based on the size of your business , the industrys SIC code , age of employees , and average employee health -LRB- except in Maryland , which requires no medical underwriting -RRB- . There are no instant online quotes for group health insurance for these reasons . To get a quote for group coverage , you 'll need to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place . I hope the information is helpful - please feel free to contact me for help with your health insurance needs and if you have any other questions . Thanks very much .


Input: How Much Does Group Health Insurance Cost A Small Business?

Output: Small business group health insurance costs will vary according to a number of factors . The premium rate is set according to the age and gender of the group , zip code -LRB- s -RRB- , plan design , network selection and business SIC code . Employers are required to contribute a minimum amount , usually 50 % of the employee cost , and the plan must meet minimum participation standards -LRB- usually 70 % of the eligible employees -RRB- .


Input: How Much Is Medigap Plan F?

Output: Medigap Plan F will vary in premium based on the state you live , your age & smoking status . The best way to find the best priced Plan F would be to work with an independent agent that specializes in Medigap Plans . They will be able to show Plan F from several top `` A '' rated carriers and help you compare the difference in premiums . You may also want to compare Plan F with other Medigap plans to see which one will be the best fit for you needs . You can run a quote on our website to see exactly how much Medigap Plan F would be . I would be happy to answer any other questions for you .


Input: How Much Is Medigap Plan F?

Output: Although Medigap Plan F benefits are standardized , the premiums are not . Medigap Plan F premiums differ based on age , location , tobacco use and sometimes health conditions . The best way to locate a Plan F premium is by consulting with a licensed independent agent who specializes in Medicare Supplement insurance . Many times people are interested in researching and purchasing on their own , but that can often be time consuming and costly . There are only a few insurance companies that provide premium information publicly and , often times , they are very expensive . Working with an independent agent will allow you to find the lowest priced Plan F in your area because we can shop the Medicare Supplement market . Why is that better than doing it yourself ? Independent agents are not employed by insurance companies , we work for you . But do n't stop at just finding an agent to sell you a low priced Plan F. Work with an independent agent who will keep in touch , be accessible for questions , and review your premium annually . While you may start off with a low premium , you certainly want someone to look out for you as your Plan F premium steadily increases ... and , it will . Thank you for taking the time to read my response . Please let me know if I can be of further assistance .


Input: How Much Is Medigap Plan F?

Output: The cost of Medigap Plan F can vary based on what state you live in , smoking status and your age . Plan F is the most comprehensive plan on the market and therefore is very popular . However , in some cases you may be able to get a Medigap plan that is almost identical to Plan F but the premium is much lower . In order to get the best priced Medigap Plan F or any other Medigap plan you should work with an independent agent that can show you all the plans available to you . The premium for Plan F can vary a lot between insurance carriers .


Input: How Much Is Medigap Plan F?

Output: Truly depends on your state -LRB- or zip code -RRB- , your age , height and weight -LRB- with some companies -RRB- and if a smoker . The price is also affected by the insurance company 's pool of people -LRB- insureds -RRB- and their claims . Often , plans with a sicker pool of people will have a higher premium . Insurance companies with fewer underwriting questions , tend to have a sicker pool , thus higher rates . Marketing budgets will also effect premiums . If you see a plan advertised heavily , it will be reflected in the rates . Companies with a more strict underwriting guidelines will have a health pool of people and rates will tend to be lower .


Input: How Much Is Medigap Plan F?

Output: The premium you will pay for plan F varies from insurance company to insurance company and from state to state . I would suggest that you take a long term view here and investigate the companies that sell Plan F in your state . Try to find information on their historic premium increases . The company that is the lowest initially , may not be the company that will be the least expensive over the long term .


Input: How Much Is Medigap Plan F?

Output: Medigap Plan F is the most expensive plan in any area -LRB- and most popular -RRB- followed by D or G -LRB- depending on your state -RRB- , N then Hi F. Medicare supplemental insurance rates will vary by age , gender , zip code , tobacco usage and in some cases , by your height and weight . Older individuals will pay a higher rate than younger individuals . An exception is for those who are under age 65 and on disability and Medicare . In most states rates for under age 65 are extremely high . Many carriers offer attractive premium rates from age 65 to 74 . Above age 74 some plans -LRB- surprisingly -RRB- become more competitive while others less so . If you use tobacco it often adds 20 % to the rate but can be more , depending on the carrier . Online quotes are available but in many cases the more competitive rates are only available offline from a Medigap broker .


Input: How Much Is Medigap Plan F?

Output: The cost of a Medigap plan will be dependent upon several factors - your age , your gender , your zip code , any tobacco usage , and if you and a spouse are applying together -LRB- some carriers offer a household discount on their rates when spouses apply for coverage at the same time -RRB- . Please note , Medigap plan benefits are standardized , meaning a plan F from company A is the exact same plan F from company B - there are no differences in the policy benefits . The major factor you 're looking at when comparing plans is price . For example , if company A charges $ 120 per month for plan F and company B charges $ 130 per month , you would want to buy the plan from company A because it 's cheaper and features the exact same coverage as the plan F from company B. I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage and if you have any other questions . Thanks very much .


Input: How Much Is Medigap Plan F?

Output: Medigap plan F is , in my opinion , the most overpriced , oversold Medicare supplement plan on the market . In Georgia Medicare supplement plan F for a 65 year old ranges in price from $ 118 to $ 249 . They are all identical in every way except price . When you pay more you do n't get more , you simply paid too much .


Input: Is Disability Insurance Deductible As A Medical Expense?

Output: Disability insurance coverage can be deductible as a business expense , generally up to 80 % of the employees earnings . The business deduction trade off is the disability benefit is taxable to the employee . But in reality , the tax bracket during disability generally goes down , so it ultimately is a good deal for all parties .


Input: Is Disability Insurance Deductible As A Medical Expense?

Output: Disability insurance is not deductible as a medical expense . However , it can be deducted as a business expense for those who are self employed and own their own Disability Insurance policies . Keep in mind that if you declare your Disability Insurance premiums as a tax deduction , the disability benefit that would normally go to you tax free in the event of you becoming disabled , would then likely be taxable .


Input: How Long Can You Be On Your Parents Car Insurance?

Output: As long as you reside in the same home as them you could remain under their coverage indefinetly . In Wisconsin at least all licensed drivers in the household must either have there own insurance or be listed on active policies within the househould . Every state has its own regulations and every company its own standards please contact your local agent to find out what is available in your area .


Input: How Long Can You Be On Your Parents Car Insurance?

Output: An additional consideration is if you are a student and you are away at school . Many auto insurance companies offer an endorsement to your current auto policy that will cover a student who is out of the home , but attending school . You will need to contact your agent or insurance company to determine if there are any limits , such as either being out of state or attending school full time .


Input: Can Insurance Cancel You Without Notice?

Output: That is an interesting question . If I understand this correctly , you had a portable device from the insurer added to your car , you decided you did n't like it , and for some reason neither it nor your payments ever made it to the insurance company ? You bet they 'll cancel your policy . Every insurer will cancel you for non-payment ; in the auto insurance business that will nearly always result in the suspension of your registration , tags , license , or combination thereof . You will need to get a policy -LRB- either from a new company , or straighten things out with your current one -RRB- and show the State that you are again driving with legal coverage in your State . Once you show that you have coverage , they should lift your suspension . Thanks for asking !


Input: Can Insurance Cancel You Without Notice?

Output: It is safe to say that based upon my 30 year experience in providing insurance solutions to my clients , I have never seen a situation where an incurance company did not notify the customer in writing that their coverage was to be cancelled . Whether a non renewal on a policy anniversary , a mid term cancellation or even a cancellation for non payment of premium , notification is sent to the insured well in advance to allow that person to either pay his bill or make other arrangements .


Input: Can Insurance Cancel You Without Notice?

Output: An insurance policy is a legal contract . The company has obligations and so do you . Your basic obligation is to pay the premium in a timely manner . One of their responsibilities is to communicate with you when any changes in the policy occur . In most states they satisfy this requirement by regular first class post . Check to see if they have the correct address for you .


Input: What Does Gap Insurance Cover On A Car?

Output: GAP coverage is generally purchased on a brand newvehicleeither by the lender or the insurance carrier when youpurchaseyour auto insurance . This coverage is designed to fill the GAP between what the car is valued at and the actual loan amount should there be a total loss . Auto insurance is paid on an ACV -LRB- actual cash value basis -RRB- . In the example of a new car , you may have purchased avehicleworth $ 40,000 and took out a loan . Say for example one year later you total thevehicleand the value of thevehiclea the time of loss is $ 35,000 . This amount is what the insurance company will pay . However due to interest rates and other varying factors your loan amount could be $ 38,000 at the time of loss leaving you with a $ 3,000 out of pocket expense . Or in other words a Gap . However , if you purchased the GAP coverage the Gap would be met by either the lender or insurance company , whoever you took the coverage out with . I always recommend GAP coverage on anewlypurchased vehicle . This coverage generally stays on your policy for 2-3 years and then falls offdependingon the insurance carrier . Talk to your local agent about GAP coverage on your newly purchased vehicle .


Input: Does Medicare Coverage Vary By State?

Output: Medicare Supplement Insurance -LRB- Medigap -RRB- does not vary by state . Plan F in Florida is the same as a Plan F in Colorado . However , the monthly premium can be different from state to state . Medicare Advantage Plans can vary by state because of the network , etc. . The plans are based on which county you live in and different counties have different plans .


Input: Does Medicare Coverage Vary By State?

Output: Original Medicare has the same benefits whether you are here in Georgia where I am or in Alaska , Hawaii or Maine . Medicare supplement plans also are identical in every state with regard to plan design . On the other hand , Medicare Advantage plans will vary within a state and from state to state .


Input: Will Medicare Cover Victoza?

Output: This is a good question , Victoza is a diabetes medicine , so more than likely it will not be covered under original Medicare . However , it should be covered under Medicare part C or D . The medication needs to be ran against plans in your area to determine what plan will save you the most money . If you live in a state that we are licensed in , we will be available to assist you .


Input: What Are The Best Term Life Insurance Companies?

Output: As far as competitive premiums . I prefer Federal Life , Banner and Trans America . But again , every client 's situation may differ on need , current health , past health and budgeted allowance for protection . What is the product being used for is it mortgage protection , income replacement or consumer debt ? Are there any dependent children ? Many factors in providing the right plan for the right situation .


Input: What Are The Best Term Life Insurance Companies?

Output: There are many , many good Term life insurance companies . There are those of which agents can carry multiple companies , and shop them all to find the one that works best for you . And there are `` captive '' companies where the agent is fairly restricted to just sell their brand of Term life insurance -LRB- usually along with property , auto , and other types of insurance -RRB- . They have fewer choices , but sometimes their Term Life rates are good , too . It is hard to pick just a few as `` best '' .


Input: What Is A Retirement Plan Advisor?

Output: That is a great question ! A retirement plan advisor is just exactly that - someone who helps you determine the plan for your retirement funding . You really want to be careful about the ones in your workplace , as many of them are paid to recommend specific mutual funds or plans by those fund companies . Always ask about the fees involved , and the expected returns . Check out your advisor as much as you can . Do your homework before you sign anything . If they seem more concerned with your money than with you , run . I hope that helps , Please contact me if you need more , okay?Thanks for asking !


Input: What Is A Retirement Plan Advisor?

Output: This is not a certified industry title , but a retirement adviser is a seasoned financial consultant in the senior market . He has understanding and experience in Retirement Income , Social Security , Veterans Benefits , Medicare and Medicaid . The culmination of these areas is a holistic approach to the seniors , who are looking for a professional guide to escort them through their retirement years .


Input: Where To Buy Annuities In Canada?

Output: In Canada , there are two basic types of immediate -LRB- payout -RRB- annuities , term certain and life annuities . Term certain annuities payout over a specified term and then stop . Life annuities payout over the lifetime of the annuitant -LRB- can be joint life -RRB- . Life annuities can also include a guaranteed payout option . Life annuities are only available from life insurance companies . Term certain annuities are available from available from life insurance companies and other financial institutions including banks and trust companies.There are a number of different options to consider when purchasing an annuity too numerous to cover here . You would be best served by working with an independent insurance broker who can help you find the right plan . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Can Life Insurance Go To A Trust?

Output: Yes . A trust can be very advantageous depending on the reason for the trust and the type of trust . For example , you can use a Funeral Trust as a way to pre-fund your funeral and protect your life insurance from Medicaid spend down . An experienced agent can look at your individual situation and help determine if a trust would benefit you .


Input: Can Life Insurance Go To A Trust?

Output: If you mean an irrevocable life insurance trust -LRB- ILIT -RRB- and the an existing life insurance policy , then the answer is yes , but the three year rule applies , which basically states that if death occurs within three years of the policy being placed inside the trust , it will be added back into the estate to cover what the service believes is contemplation of death . You can use an ILIT to own the life insurance policy if the ILIT is created and dated before the policy issuance date , thus the ILIT is the policy owner .


Input: Can Life Insurance Go To A Trust?

Output: Can life insurance go into a trust ? Yes , in fact there are life insurance trusts for people to use . The basic idea behind putting life insurance in a trust is to change ownership of the life policy and take it out of the owner 's name and estate and put it in a separate ownership situation away from the original owner .


Input: Can I Claim For A Lost Phone On My Home Insurance?

Output: You problably could , but remember the coverage is typically very limited and may be subject to your policy deductible . Under these circumstances you deductible would typically be more than the value of the phone so it would not be worth while to turn in a claim for the missing phone . Please remember every policy is different . Read your policy completely to understand the coverage provided and any exclusions that may be contained within .


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

Output: Term life insurance only value is a specific death benefit to the designated beneficiary . Because term life is like `` renting '' life insurance there is no cash value accumulating like in a whole life or universal life insurance policy . Therefore without a cash value to build there can be no surrender value . When cancelling a term policy the coverage just ends .


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

Output: There is no cash surrender value to a Term Life insurance policy . Permanent policies -LRB- Whole and Universal Life -RRB- are the type of policies that have cash value . Term insurance usually costs less because the premium all goes to the death benefit , and not to the build up of cash value .


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

Output: Permanent insurance develops cash value so that the face amount of the policy will be available for as long as possible up until death . The actual cost of providing insurance on an 80 year old for example would be very high and if the person lived to 82 , it would be much higher still . A term policy doesnt cover a person at those ages under most circumstances and as a result there isnt any need for it to develop cash value .


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

Output: In Canada , most term life insurance policies do not have a cash surrender value . Some policies notably policies with such as 20 or 30 year term may have a cash surrender value or reduced paid up value . Typically 5 and 10 year renewable term policies usually do not have any cash surrender or paid up value . The mechanics of this are that in order to keep the premium level you are paying more than the actual `` risk '' in the early years and the additional premium is used to keep the `` risk '' to the insurance company level . If the longer term policies offer anything they are more likely to offer a paid up value than a cash value . Check your policy or check with your insurance broker to be certain . If you have further questions , please do not hesitate to contact me or visit my website JPW.ca for information .


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

Output: That is a great question , and I really wish that I had as good an answer to give you ! Term policies are cheap , because they offer very little besides the cost of the insurance . There is no cash accumulation in a term policy , so unfortunately there is nothing to surrender to you if you end the policy . If you decide to cancel the policy the only thing that you will get from doing so is no more payments to make . It ends as if it never existed . The only way there would be a chance to get anything back was if you had paid to put a return of premium rider on the policy , and even then generally you have to ride the policy to it 's term date to see any of that back . I hate to be the bearer of bad news , but I am glad that you asked . Thanks !


Input: What Is Builders Home Warranty Insurance?

Output: I am unfamiliar with any insurance coverage called `` Builders Home Warranty Insurance . '' There is a builders home warranty , which is essentially an escrow account maintained by the contractor . The funds are maintained to cover any future defects in workmanship due to sever changes in the area or faulty workmanship . Just to point out , insurance is for accidents . So the only insurance that could be maintained by a builder is worker 's comp , business personal property/real property and liability . Builders also maintain floaters for their tools and materials on a job site . The only insurance I could think of that might apply is a product/complete operations coverage . Even then , it is more than likely that this would excluded for contractors . I hope this helps .


Input: Are There Special Retirement Planning Companies For Christians?

Output: Insurance companies will try to se ment the market to gain a market advantage . It is quite possible that companies exist that claim to deal only with Christians . I doubt that many state insurance commissioners would allow them to deny services to a non-Christian on the basis of religion but that doesnt mean that the company concerned might not advertise where Christians congregate .


Input: Are There Special Retirement Planning Companies For Christians?

Output: That is a great question ! I know that there are several companies out there that practice Christian values and standards of good stewardship , -LRB- mine included -RRB- and use those values and biblical lessons when teaching their clients . I 'm a little leery however , when companies profess to market specifically for one segment of the population , and here 's why . First and foremost is our commission to `` go forth and make disciples '' . If I 'm only working with `` saved Christians '' , how can I be fulfilling Christ 's command ? Secondly , I 'm always a little skeptical of the motives of companies that separate out folks to market to based on religion . What makes the money of one religion any different than another 's ? Or the needs of those people ? And are n't we asked as Christians to help everyone as we 'd like to be helped ? Those `` Christian '' companies that only serve the needs of other `` Christians '' then seem to me to be doing exactly opposite of what our Lord has asked us to do . I 'm sure that there are many good companies in your area that can assist you very capably , perhaps your Pastor or Priest can direct you to one in the Church you attend . Thanks for asking !


Input: What Is The Federal Long Term Care Insurance Program?

Output: The Federal Long Term Care Insurance Program -LRB- FLTCIP -RRB- provides long term care insurance for enrollees who are federal employees , USPS employees and active and retired members of the uniformed services and their qualified relatives . It is sponsored by the US Office of Personnel Management -LRB- OPM -RRB- and was introduced in 2002 by Long Term Care Partners LLC , a joint venture of MetLife and John Hancock . Since 2009 , John Hancock is the sole sponsor of Long Term Care Partners . The FLTCIP was specially designed to meet the needs of the federal family . The features and benefits are monitored by OPM and is on its second version . Qualified applicants are underwritten in a manner similar to LTC insurance sold to individuals by John Hancock and others . Go to the website for the program to find extensive information .


Input: Does Renters Insurance Cover Iphone Theft?

Output: Renters insurance covers personal property any where in the world and your iPhone is considered personal property . Most policies provide coverage up to 10 % if your item is stolen or damaged by a covered loss if the item is away from your principal residence . For example , if your policy covers up to $ 30,000 you would have up to $ 3,000 coverage for personal property away from your apartment . Before you file the claim , check your deductible because if your deductible is $ 500 and the iPhone is worth $ 600 it probably is n't worth filling a claim .


Input: What Should I Look For In A Health Insurance Plan?

Output: Their are many answer to that question to long to answer . So I will give the basics . You need to find a company that is strong and good ratings first . Also one that is accepted in the area you live . After finding that company loo for what fits in your budget . Find that amount and contact the company to find out what plans you can afford . They will give a run down on what its covers . You then match your circumstances to that coverage .


Input: How To Cancel State Farm Renters Insurance?

Output: To cancel any insurance coverage contact your carrier or your local agent and advise them of your intent to cancel your policy with them . You may be able to fax or email them a document with your signature with your intent to cancel the policy . Your agent or carrier may require that you sign their cancellation form so that they have it for their records .


Input: What Kind Of Retirement Plan Is A 401K?

Output: The Internal Revenue Code -LRB- IRC -RRB- allows employers to establish defined contribution pension plans under section 401 -LRB- k -RRB- in these plans the assets are segregated into individual employee accounts . Often the employer will offer a range of investment options to the participant . The results of the account are dependent upon the investments selected . Some employers contribute to the plans , some do not .


Input: What Kind Of Retirement Plan Is A 401K?

Output: What kind of retirement plan is a 401k ? It is a defined contribution retirement plan . Created in the early 1980 's as a supplement to traditional defined benefit retirement plans , 401k plans quickly went from supplemental to primary retirement plans in the USA . The performance good or bad in a 401k is almost entirely the responsibility of the employee . 401k plans represent a major shift in responsibility for plan outcomes to employees .


Input: What Kind Of Retirement Plan Is A 401K?

Output: A 401 -LRB- k -RRB- plan is a qualified `` cash or deferred arrangement '' permitted under section 401 -LRB- k -RRB- of the Internal Revenue Code . Essentially , a 401 -LRB- k -RRB- is a retirement plan sponsored by your employer that allows you to defer some of your income -LRB- subject to limits -RRB- into this plan . Some employers will provide matching contributions on top of your salary deferral which will help you to build retirement savings more quickly . By deferring income into a 401 -LRB- k -RRB- plan , you also defer paying taxes on that income . The investments inside of the plan grow on a tax-deferred basis , and you are responsible for taxes when you take the money out of the plan as income -LRB- during retirement -RRB- .


Input: Does Insurance Go Up When You Lease A Car?

Output: Leasing is a modified form of purchasing an automobile . Normally auto insurance companies charge the same for automobiles owned or leased . The interests are similar and the exposures are the same . The only difference is that the lease company must be named in the policy to protect their interests .


Input: Does Insurance Go Up When You Lease A Car?

Output: Not necessarily : although some carriers in their rating programs may move you to a higher premium tier because you are leasing a vehicle . Many leasing companies require certain limits of liability which may be higher than your current limits . This will result in an increase in premium . They will also require certainmaximum deductibles -LRB- say $ 1,000 -RRB- for physical damage coverages . Your current deductibles may be higher -LRB- say $ 2500 or $ 5000 -RRB- and you will have to select a lower deductible for collision to meet the leasing company 's requirement . This can increase your premium . Remember , there are now many factors that can influence your personal insurance premiums . Do you own or rent where you live ? Your credit profile ... past claims ... and on and on .


Input: Is There A Cash Value On Term Life Insurance?

Output: Do term life insurance policies have a cash surrender value ? Usually they do not . Cash value is essentially needed in a policy to keep the premium level . You pay more in early years and some of the premium is left after covering the risk for the year and it grows the amount at risk to the insurance company decreases . Might be easier to understand the concept using a $ 100.000 non-participating level premium whole life . The cost of insurance at age 40 is much less than at age 85 . You pay a level premium and there is a build up of guaranteed cash that grows at a guaranteed interest rate inside the policy . If you were to die at age 85 , you beneficiary receives the $ 100,000 face amount of the policy . The cash value build up is not paid separately , but is part of the death benefit . Most term policies are as the name suggest are for a specified term . The cash value is theoretically there to keep the premium level , but there is no cash surrender value . Some policies with a longer term for example 30 year term policies do have cash surrender values . These are just general guidelines and you would need to check the policy wordings to be sure . Working with an independent insurance broker , you should be able to find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Is There A Cash Value On Term Life Insurance?

Output: That is a great question , and one I am asked often ! The answer is nope , it does not . The rule of thumb `` you get what you pay for '' applies to term life policies also . They are low cost because of two reasons . The first is that they do n't pay out very often . The term almost always expires before the insured does , and so no payout is made . The second is that your premium payment is usually just enough for the company to cover its costs , with a little profit . Therefore , there are no whistles and bells like cash values . I hope that helps , thanks for asking !


Input: Is There A Cash Value On Term Life Insurance?

Output: If you are looking for cash value , money you can borrow against tax free , and even keep tax free , you want whole life insurance and NOT term life insurance . Term is not designed to accumulate cash value . That is why it starts out at a lower price than whole life . Whole life is designed to accumulate value , and thus allows you to borrow against it and even keep that money tax free . It starts out costing more , but gradually with the cash growth , it can cost less and go on forever ! Great question . Thank you . GARY LANE .


Input: Is There A Cash Value On Term Life Insurance?

Output: Since life insurance is largely a matter of mathematics , there have been and are policies available that combine term insurance with cash value . In order to accumulate the cash value the company raises the premium so that it can build small cash value . Traditionally these policies have addressed specific concerns such as the enormous increase that the premium takes at the end of the term . Generally speaking you get what you pay for . It could be a benefit worthy of consideration .


Input: Is There A Cash Value On Term Life Insurance?

Output: In the United States , Term Life Insurance rarely has cash value . People buy Term Life Insurance to save money on premiums . The trade off is that they get protection in case of death , without the added convenience of having cash value that most permanent policies provide . And they only get a death benefit if they die during the term , as opposed to having the lifetime protection that most permanent policies provide .


Input: Is There A Cash Value On Term Life Insurance?

Output: Generally no . Typically , you 're only getting cash value under a permanent life insurance policy -LRB- universal life or whole life -RRB- . Term insurance is fairly straightforward - you 're either dead or you 're not dead . If the insured dies during the term period , the policy pays the death benefit to the beneficiary . If the insured is still living and the term period expires , you can continue to pay the premiums for what would then be an annually-renewable policy -LRB- with rates going up each year -RRB- , or terminate and secure new coverage . The idea of term insurance is to have coverage for only a set number of years -LRB- 10 , 15 , 20 , 25 , or 30 years -RRB- and then the premium guarantee would end . Some return of premium policies build cash value because the carrier gives you back your premiums if you outlive the term of the policy . However , you 're not borrowing from it like you can with permanent coverage . The premiums for ROP policies are higher than traditional term insurance for that reason , but if you think you have a good chance at outliving you 're term insurance policy and you can afford the additional premium , it may be an option for you to consider . Please feel free to contact me for further assistance . Thanks very much .


Input: Does Life Insurance Typically Cover Accidental Overdose?

Output: Yes , life insurance does cover accidental overdose . If the policy was purchased less than two years prior to the overdose , the insurance company will investigate to see if it was truly accidental . And if the overdose was due to items not disclosed on the life insurance application such as illegal drug use , dementia , depression , or medication , the life insurance company may contest the policy . For policies over two years old and policies that offered full disclosure , accidental overdose is a covered event .


Input: How Much For A Million Dollar Life Insurance Policy?

Output: It depends on how long you need coverage . Term life insurance can cover a temporary need and is very affordable . For example , a male age 40 in excellent health with a coverage need for 30 years may be able to obtain $ 1,000,000 coverage for a level premium for that duration that amounts to a little more than $ 4 per day . Your rates will vary based on age , gender , health , lifestyle , family history , etc. . For lifetime coverage that you can not outlive , you would need to consider permanent -LRB- cash value -RRB- life insurance coverage and the cost for that is higher . You should meet with a life insurance professional who can assist you .


Input: How Much For A Million Dollar Life Insurance Policy?

Output: You can go to a website like ours , that offers instant life insurance quotes , to get an idea of what the premium would be for a million dollar life insurance policy . You can put in health details as well as different term lengths to determine what the cost would be for different scenarios .


Input: How Much For A Million Dollar Life Insurance Policy?

Output: The premium for a $ 1,000,000 life policy will be determined by age , health , type of policy and/or length of time you are looking for coverage . This is a consultative process and should be discussed with your local independent agent who can look at options from many different insurance carriers who offer Life Insurance coverage .


Input: How Much For A Million Dollar Life Insurance Policy?

Output: LIfe Insurance for that amount will typically be based upon factors such as health -LRB- past and current -RRB- , age , tobacco usage , purpose for the insurance , current insurance policies in place , medical exam . The insurer will want to know why the proposed insured is requesting the insurance and who will be the beneficiaries benefiting from the policy . Many employer use million dollar policies to cover key employees as well .


Input: How Can I Get Homeowners Insurance?

Output: In order to obtainhomeownersinsurance I recommend you contact a local independent agent who can asses your needs and shop various insurance companies to find you the best coverage at the right premium . You may want to go online and look atreviewsof local agents in your area .


Input: When Does Medicare Cover Cataract Surgery?

Output: Yes , Medicare does cover cataract surgery under Medicare Part B when determined medically necessary . Medicare will only pay for the cataracts , not any other medical conditions that might have contributed to their development . Medicare will also cover the intraocular lens implants and one pair of glasses for use after the surgery .


Input: Is Term Life Insurance Cheaper Than Whole Life Insurance?

Output: As others have said , Yes term life insurance premiums are CHEAPER than permanent life insurance premiums but it may not be the best value . The only reason it can be cheap -LRB- everyone will die one day -RRB- is that a very low percent of term policies will actually pay a death benefit claim . It has been described above as temporary like renting . Perhaps a more accurate description would be a `` premature death policy '' because if you live a normal life expectancy or longer you will die without a term life insurance policy enforce to pay a death benefit . Think of life insurance as a tool to meet a need and cheap takes on a clear meaning . If you have a temporary need for a specific purpose you will out live then it may work well for you . If you have a permanent need or would like to see your premium money returned in some way in the future , consider investing in a better tool .


Input: Is Term Life Insurance Cheaper Than Whole Life Insurance?

Output: Yes , typically from a premium stand point term life is much cheaper than whole life . The reason is term life insurance has a shelf life or expiration date . You are essentially `` renting '' the coverage . The premium is guaranteed level for a certain period of time such as 10-20-30 years and then it will either expire or have steep premium increases . Whole life premiums are plans designed to be level for your whole life . You will see whole life plans guaranteed to ages 90-95-105-121-150 . Naturally to insure that type of guarantee the premiums will be much more expensive than term life rates . Also , whole life insurance has a value add of cash value that accumulates that can be used for things like retirement , college funds or an unexpected critical illness . Term life is just a death benefit .


Input: Is Term Life Insurance Cheaper Than Whole Life Insurance?

Output: Yes it is cheaper , but you must die to collect . Insurance companies work on the law of large numbers . The know that if they insure healthy people for a given period of time , so few will die that the company will make money . The older you are , the greater the cost . Note that term life insurance purchased at age 60 , may NOT be less expensive than whole life purchased at age 30 .


Input: Is Term Life Insurance Cheaper Than Whole Life Insurance?

Output: As a general rule , yes . If you are comparing equivalent face amounts -LRB- death benefit -RRB- on both a term policy basis and a permanent/whole life life insurance policy basis one would expect the term policy to cost less . This lower cost for term life insurance reflects that these types of life insurance policies ; 1 -RRB- present less risk because they are in effect for only the designated period of the policy 's term , 2 -RRB- no permanently paid up units of life insurance risk are being purchased through this policy to present a long term risk after premium payments cease , 3 -RRB- the policy does not build up any cash value that can be returned to the policyholder or taken out as a loan , 4 -RRB- investment proceeds from the policyholder 's premiums are retained by the life insurance company . These are among the primary factors explaining why term life insurance is less expensive the permanent life insurance -LRB- whole or universal -RRB- .


Input: Is Term Life Insurance Cheaper Than Whole Life Insurance?

Output: Yes , term is less expensive that whole life insurance . Term is temporary insurance and whole life is permanent insurance . Term is like renting a home and permanent is like owning a home . Whole life which is permanent insurance also builds some cash value in which term insurance does not build cash value .


Input: Is Term Life Insurance Cheaper Than Whole Life Insurance?

Output: Term life insurance is almost always cheaper then whole life in the short run . Over the course of one 's lifetime , if the insured keeps purchasing a new term policy when the old one ends , they may find that the cost of whole life -LRB- locked in while young and in good health -RRB- could beat the cumulative term prices . One time when whole life prices can actually start out better than term is for persons with serious health conditions . Sometimes getting simplified issue whole life is the safest and cheapest way to go .


Input: Is Term Life Insurance Cheaper Than Whole Life Insurance?

Output: A whole life policy usually pays a death benefit . A term life policy rarely pays a death benefit . Term insurance becomes most expensive when you need it most . A whole life policy charges the same premium throughout your lifetime . When you add up the premiums for a whole life policy , the death benefit is almost always much greater . Since term policies rarely pay death benefits , the term policy is all cost .


Input: Which Life Insurance Is Best For Seniors?

Output: There are three basic planning goals for life insurance : Indemnification , Income and Inheritance . Indemnification At minimum , seniors have final expense liabilities that they generally dont desire to pass on to their children . Covering those expenses with a final expense life insurance product is a great alternative with a company that offers benevolent geriatric underwriting . Life insurance underwriting is extremely important as you become older , especially if you need more coverage than final expense . A good life insurance company that has sizable retention and death benefit break points can really help keep the price tag down . Retention is the risk the life insurance company is willing to take on without sharing the risk with other life insurance companies . The bigger the retention , the more wiggle room to negotiate the underwriting offer . And death benefit break points can reduce the cost of insurance as you buy more coverage . Break points generally start at $ 250,000 , then $ 500,000 , $ 1,000,000 and $ 3,000,000 . Guaranteed universal life may be the best policy choice . Income Life insurance has the potential to generate tax advantaged income and , if properly designed , may generate tax free income as long as the policy is issued as a non-modified endowment contract and is kept in force for the life of the insured . Some seniors use life insurance tax free income in tandem with their Social Security benefits and defer their qualified plan distributions until age 70 . Its a good planning strategy . Life insurance policies with the least expense loads are the most desirable . Indexed universal life may be the best policy choice . Inheritance Many seniors desire to make a difference with their children , grandchildren and charities . A survivorship policy for married couples is the best solution because in leverages two lives on one contract and pays the death claim at the death of the second insured . Survivorship guaranteed universal life may be the best policy choice for married couples and guaranteed universal life may be the best policy choice for single seniors . We spreadsheet the life insurance companies based on underwriting , product provisions and price , assisting seniors in the decision making process .


Input: Which Life Insurance Is Best For Seniors?

Output: The best life insurance for seniors is one that will stay in effect until death at any age . To get a term policy as a senior is only advisable if the senior person has a short term need , such as wanting the life insurance to pay off a mortgage in case of death . Permanent policies -LRB- whole life or universal life guaranteed not to lapse to age 100 + -RRB- are needed for final expense coverage . If a senior person gets term life insurance and then outlives the term , it can be very difficult o qualify for a new policy then .


Input: Which Life Insurance Is Best For Seniors?

Output: Which type of life insurance is best for seniors ? It 's going to depend on their need , just as it would for anyone . If their need is short term , a term policy fits well . If their need is lifetime , with no real idea of what lifetime means in their case , then either guaranteed universal life or whole life may be a better choice . Simply put , if you `` know '' when the need ends , term is an excellent solution . When you do n't GUL or WL are better choices .


Input: When Does Female Car Insurance Go Down?

Output: In states like Connecticut where female drivers with less experience behind the wheel tend to pay less than their male counterparts , for the most part , you will see your rates start to drop even lower once you reach the age of 25 or so . Young women or men should always ask their insurance professional about any discounts that may be available .


Input: When Does Female Car Insurance Go Down?

Output: The rating structure for auto insurance varies by state . In California , for example , it doesnt matter whether the driver is male or female . What does matter is the length of time that the driver has been licensed . You can find out the specific rating scheme in your state by contacting a licensed agent or by contacting the insurance commissioner directly .


Input: Is Part D Medicare Free?

Output: It is not free , but generally does n't cost very much . The plans vary by state and each plan covers different prescriptions in different ways . I always recommend , go to WEBSITELINK - choose the `` Drug Coverage -LRB- Part D -RRB- '' tab , then choose `` find health and drug plans '' . This site is run by medicare and you can input what prescriptions you are on and it will show you all of the plans available to you and what your overall out of pocket cost will be , including premium , deductibles , and co-pays for all of the plans available to you . You can even specify a pharmacy you want to work with to make sure they will accept the plan you choose . If you take a couple of generic drugs you plan might cost $ 15 - $ 25 per month . If you are very expensive drugs then you might want to spend more in premium to save in overall out of pocket costs .


Input: What Is High Risk Life Insurance?

Output: People who participate in high risk activities or have impaired health conditions often are charged much higher premiums for life insurance , whether they are applying for term or permanent coverage . The price that you pay is determined by your age , the requested amount of coverage , and risk classification . If the carrier offers a substandard/table-rating for the coverage , the premiums will usually be based off of the standard risk class with an extra 25 % increase for each extra letter assigned -LRB- the 25 % figure can vary by carrier - e.g. some may use 17 % , etc. -RRB- . For example , a Table B rating would cost the standard rate plus 50 % -LRB- B = 2 tables -RRB- , a Table D rating would cost double the standard rate -LRB- D = 4 tables -RRB- , etc. . Insurance companies may also look at assigning a flat extra rating with a specified cost per thousand dollars of insurance -LRB- such as $ 5.00 per $ 1,000 of coverage -RRB- . Flat extras may be applied for only a few years , or for the life of the policy and are more commonly assigned for high-risk activities . Table-ratings are more commonly given for high-risk health conditions . I often also see many people just apply for a bunch of companies at the same time because they 're a high-risk individual . DO NOT do this ! . Applying for coverage with more than one company at the same time could hurt your chances of securing a policy . It is in your best interest to find out before applying what the most likely offer will be from 10-15 different companies so that you know what to expect and know that you are getting the best possible offer . I highly recommend working with an independent agent who can look at multiple companies for you - trying to get that information can be very difficult to do on your own . This is the exact field my group specializes in and would be happy to be of assistance with your program .


Input: What Is High Risk Life Insurance?

Output: High risk life insurance is coverage issued to persons who have a risk of passing away at a younger age than the general population . None of the policies I sell classify high risk based on occupation . A corrections officer can get the same rate as a business owner , as long as their health is the same . Some high risk policies cater to those who are overweight . Some target certain health conditions . Some are more favorable than other companies for those who have gone through treatment for substance abuse , regularly travel to foreign countries , participate in dangerous hobbies , or have unstable finances . To find the policy that best suits your particular kind of high risk , contact an impaired risk specialist such as myself . We have access to many different companies and can match you up with the one that is most lenient with your unique risk factors .


Input: What Is High Risk Life Insurance?

Output: Great question ! High risk life insurance is a type of policy that is generally issued to people who have health conditions -LRB- like HIV -RRB- or occupations -LRB- firefighter , oil rig wildcat , for example -RRB- that are above the normal risk tolerance for the normal insurer . They might also be issued to people that are incarcerated . These policies will generally be more expensive , and will often have a period of time included where the death benefit may only be the premiums paid in , plus a little interest . They are designed to help those that ca n't find it anywhere else . If you would like more information , please feel free to contact me , okay ? Thanks for asking !


Input: Is Supplemental Health Insurance Worth It?

Output: Supplemental/Medigap insurance plans offer affordable and comprehensive options in providing coverage to what Medicare does n't cover . When you have Supplemental/Medigap insurance coverage , Medicare is your primary insurer and the Supplemental/Medigap plan is your secondary insurer . There are several plans to choose from , with the Plan F being the most comprehensive in coverage . As long as Medicare pays their portion , the Plan F pays 100 % of what Medicare does n't cover . The other plans vary in coverage , but less than 100 % .


Input: Is Supplemental Health Insurance Worth It?

Output: Supplemental insurance can be a safety net for out-of-pocket expenses that major medical does n't cover . Major medical plans are designed to pay doctor and hospital bills , supplemental insurance is paid directly to the policyholder to cover everyday living expenses such as car payments , mortgages , and utility bills . For example : imagine a policyholderbreaks their leg . Major medical pays for the doctor and hospital bill , but this person is out of work for the next 6 weeks . Paying the everyday bills gets rough when someone is out of work , and this is where a supplemental policy comes into play . Benefits are paid directly to the policyholder regardless of any other insurance that the policyholder may have , to be used in whatever way they see fit .


Input: Does Schwab Sell Annuities?

Output: Yes , according to their website , Charles Schwab & Co , Inc , does sell annuities . Visit their website at www.schwab.com for more information . To compare the features of Schwab annuities with annuities purchased from other companies , visit a website or agent that sells annuities and call them for more information .


Input: What Are The Tax Implications Of Life Insurance?

Output: Life insurance is generally passed to a beneficiary income tax free . If the policy is left to the Estate , or if no beneficiaries listed on the policy are still alive -LRB- and the proceeds go to the estate by default -RRB- , then income tax will be charged . If the policy 's death benefit is over the exempted amount for state and/or federal estate taxes , those will also apply .


Input: How Much Does Auto Insurance Cost For An 18 Year Old?

Output: There are many factors as to what your rate could be . Your rates are based off of many things from . Driving history to what state your in and have you had prior coverage on your parents policy ? Here in Montana the average 18yr old adds about $ 100 a month for liability at state minimum limits on most carriers current policy . Having no prior insurance can be much higher .


Input: Can You Use Fsa For Health Insurance Premiums?

Output: Unfortunately no . FSA funds can not be used towards your insurance premiums . FSA stands for flexible spending account and are only available with employer-based health plans . In short , it 's an account that uses pre-tax monies that are contributed by the employer and/or insured persons - up to $ 2500 can be contributed per year . The funds can be used to pay for certain out-of-pocket medical expenses including your deductible , copayments , coinsurance , prescriptions , and even over-the-counter medicines -LRB- with a doctor 's prescription -RRB- . If you have any remaining money at the end of the year , the money is lost and the account , in short , resets . Since you lose the funds at the end of the year , you do n't want to contribute more money than you think you will use on health-related expenses . However , employers can -LRB- but are not required to -RRB- offer one of two options : 1 -RRB- provide a grace period of up to 2.5 extra months to use the FSA funds 2 -RRB- allow you to carry over up to $ 500 per year to use in the following year . Please let me know if I can be of further assistance . Thanks very much .


Input: How Long Does A Life Insurance Company Have To Pay Out?

Output: Usually the duration allowed for a company to pay a claim is set by each state 's office of the insurance commissioner or a similar named branch of government . An insurance company must have an established process they go through for claims payment . They can not make it up as they go . When the person handling the claim for the insured submits the necessary requirements , payment should be forthcoming . The claim check will also contain interest earned on the death benefit from the date the death occurred to the date the check was issued . If ever in a situation where you feel an insurance carrier is purposely slowing down a claim , contact your state department of insurance and file a complaint . This will greatly improve the speed of a carrier most of the time .


Input: How Long Does A Life Insurance Company Have To Pay Out?

Output: They CAN take a long time . The good ones build their reputation on settling claims as quickly as possible . Most wo n't start a claim until they have recieved a certified death certificate and claim form . The majority will pay within 30-days of receiving that . There are some that make a sport out of dragging on the claims process . The longest I 've personally seen was 8-months and about 6 of those 8-months was because they had n't had time to look at it yet . It was inexcusable . The very best will pay the claim within 24-hours of death with no death certificate needed . The claims process does n't get any better than that . If the death occurs with in the first 2-years it will be contestable and that will slow down the process . But it should still be within 2months .


Input: What Value Does An Insurance Company Use To Total A Car?

Output: An insurance company will in general utilize various tools to determine the value of a car to see if it will be determined to be a total loss . In many cases , Kelly Blue Book or NADA seem to be the most common authoritative resources that are used to determine a car 's value . One other general rule of thumb is that if the cost to repair reaches 70 % of that book value , it is likely to be totalled .


Input: How Much Should I Pay For Term Life Insurance?

Output: I like to keep my answers very short and to the point . This way there is no room for misinterpretations . Always keep in mind that Term Insurance is for temporary purposes only : such as many will call it mortgage insurance to cover balance on your home for the remaining term of loan . While you are accumulating wealth during your working years whether it will be for 15 , 20 , 25 , or 30 years . So how much should you get ? Answer is , as much as you can afford in premium with a company that can offer a transfer to permanent insurance at a later day . -LRB- Keep also in mind that you also risk in obtaining an un-insurable sickness during these years , this is why as much and as long you can afford at the time -RRB- . Solutions to offer you : Talk to an agent of experience from a consultative perspective . And second , treat life insurance as planning tool as well as a form of protecting your investments , life , family and possessions while in debt with a goal of self insurability .


Input: How Much Should I Pay For Term Life Insurance?

Output: This is a great question . What you should pay for a policy depends on what you can afford and what you can want in a plan . Do you plan to cover a house or cars if you expire or do you want to just cover funeral costs ? The premium will depend on a number of factors including your age , height , weight , amount of the policy , etc , etc , etc. . If you are in one of our states , you are welcome to contact us for help . Enjoy your day !


Input: How Much Should I Pay For Term Life Insurance?

Output: A quick way to see how much you should pay for Term life insurance is to go to one of the website quoters that offers instant life insurance quotes and compares rates from many companies . This will give you an idea of the best rates available . Then contact the agency personally to make sure you are quoted the best rate for your particular health .


Input: How Much Should I Pay For Term Life Insurance?

Output: There is no one size fits all answer to your question . The rate for a term life insurance policy will vary based on a variety of factors . The applicant 's age , sex , tobacco use status , home zip code , height & weight , medical history , the amount of coverage -LRB- death benefit -RRB- you are applying for , the length of policy 's term -LRB- 10 years , 20 years , 30 years -RRB- , and the life insurance company you are applying for coverage from are all components of what the final rate for a term life insurance policy for you would be . You would be best served to find an independent life insurance agent who can shop the marketplace for you to find the best value for your particular situation . Please feel free to contact me if you need assistance .


Input: How Much Should I Pay For Term Life Insurance?

Output: That depends on your age and health history and on how much coverage you want . It also makes a huge difference if you want the term to last 10-years or 30-years . Do n't try to make term life insurance last forever . You will pay way too much for it if you do that . Take it for 10-years or 20-years or however long you need . If you need it longer , convert part of it over to whole-life . Here is a free quoter where you can pull the rates of many of the lowest priced term companies WEBSITELINK


Input: How Much Should I Pay For Term Life Insurance?

Output: As you can already tell , there isnt a pat answer for the question . The important part is to find a good life insurance agent . If you dont know an agent , get a referral from friends , colleagues or neighbors . A good agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . This agent should be able to match your needs to your budget . Then you will get the most satisfaction out of your life insurance buying experience .


Input: How Much Should I Pay For Term Life Insurance?

Output: There is no set guideline to how much you should pay for Term Life Insurance . There are general guidelines . E.g. . If you take a 10 year term policy , you should pay less than you would pay for a 30 year term policy . If the rates are similar you are much better off locking that rate in for 30 years . Another general guideline would be , if you can get a permanent policy for a price just slightly higher than term , take the permanent policy . Sometimes Universal Life rates run close to Term rates at older ages , especially if the UL rates are locked in to age 90 or 95 . Universal Life is much more flexible than Term , so if you can get it for a similar price , go for it . Aside from generalities , no one can predict how much you should pay for a term life insurance policy because life insurance rates are based on your age , sex , tobacco status , and health . You can check out an instant quote engine on internet websites to get an idea of what term rates might run for you . But you need to call the agency to get a more accurate rate .


Input: How Much Should I Pay For Term Life Insurance?

Output: You should never pay more than you have to . And to keep that as your motto , here are the factors so when you can go shopping you 'll be armed with the Intel to get the best deal . Term life insurance istemporaryprotection from life 's liabilities . T.E.R.M. = Temporary Expense Reimbursement Money . If you need istemporarythan term life insurance is for you . But term life insurance companies are not created equal . The top ten term life insurance companies for standard or better health and their substandard counterparts are the players in the market . Every other company is just taking up space on a spreadsheet . Your health will dictate the price tag you 'll pay , but keep in mind that there are benevolent life insurance companies who underwrite better the most and you could save a bundle if you shop the players in the term market . We can help with that .


Input: How Long Does It Take For Auto Insurance To Go Down?

Output: Do you mean at what age do the rates go down for most people ? If you have a good driving record with no tickets or accidents , you will usually pay less after your 25th birthday . Most people come out of their teenage mentality by then and become a responsible adult . Insurance rates reflect that .


Input: Does Aflac Offer Life Insurance?

Output: Yes , Aflac does offer life insurance . American Family Life Assurance Company -LRB- Aflac -RRB- offers Term life insurance , Universal life insurance , and Whole life insurance . To compare Aflac life insurance rates with the rates of other Life insurance carriers , be sure to compare the same term length or features of permanent policies .


Input: Is Travelers Home Insurance Any Good?

Output: In my personal opinion Travelers home insurance is a superior product . Also Travelers has excellent customer service and claims handling . As an independent agent I work with many different companies and the one that rises to the top and receives praises from my clients continually is Travelers Insurance . Make sure to discuss the details with an agent as Travelers has several package options ranging from Silver to Platinum .


Input: Is Enbrel Covered By Medicare?

Output: Enbrel is a prescription drug used to treat RA -LRB- rheumatoid arthritis -RRB- and other autoimmune disease . Enbrel is administered subcutaneously either by your doctor or can be self administered . Some Medicare Part D plans will cover a portion of the cost of the drug . Check your plan formulary for details and costs .


Input: Which Renters Insurance Is Best?

Output: Greetings ! I agree with what Rich says in his answer to your question . Just for informational purposes I wanted to add that the `` best '' Renters Insurance may be different from person to person . For the most part , pricing for Renters Insurance pricing is primarily based on the amount of coverage for your property/belongings , and your geographic location -LRB- likely , zip code -RRB- . I too would highly suggest Replacement Cost Coverage . It makes a difference on how a claim may be paid out . The value to replace your item -LRB- s -RRB- or their current dollar value -LRB- depreciation factored in -RRB- . Have a conversation with the Agency that handles your Auto Insurance , chances are they can help get the RIGHT Renters coverage for you ... and that is always Best .


Input: Which Renters Insurance Is Best?

Output: We 've all heard the radio commercial `` get renters insurance for $ 4/month '' . How does this apply to you ? Can you really get renters insurance for $ 4/month ? Probably , but is it right for you ? Probably not . A renters policy is really just a homeowners policy without the building coverage . This is coverage for your `` stuff '' as well as your liability . There are a few things to keep in mind to be sure you 're getting what you need , not just whatever 's least expensive . Discounts are great but I 've never had a client that thanked me for a discount after they had a claim . Here are some things to keep in mind when choosing your renters coverage : Personal Property -LRB- your Stuff -RRB- - there are two ways an insurance company can settle your claim , Actual Cash Value -LRB- depreciated value -RRB- , or Replacement Cost . With ACV they 'll estimate what your stuff is worth and write you a check up to the policy limit . With replacement cost they 'll replace your stuff with new up to the policy limit . It 's important to get a good estimate of what your stuff is worth so , at claim time , you know what to expect . There are some good tools to estimate this . Your agent should have a guide from Marshall Swift/Beockh that estimates based on square footage or room count . The other tool is on Allstate 's website -LRB- no , I 'm not an Allstate agent , I just like their tool -RRB- , WEBSITELINK However you choose to estimate it , make sure you have some method . Also , I wo n't sell a renters policy on an ACV basis , it 's too uncertain . Personal Liability - This covers you if your sued for someone gets hurt on your property or if you hurt someone or cause damage . My recommendation is that higher is better . I will not go lower than $ 300,000 and usually will recommend at least $ 500,000 . The premium difference is tiny . Loss of Use - This often glossed over coverage is one of the hidden gems in your renters policy . If your rental home or apartment is damaged and you ca n't stay there , you 're insurance company will pay any extra costs you incur to stay at a temporary residence while your home is being rebuilt . This is a great coverage that nobody talks about . It 's usually a percentage of your contents limit and will pay for up to 12 months . So , in my opinion , the Best renters policy is one that has a high enough limit to cover all your stuff at replacement cost , has a high enough liability limit to protect you against a lawsuit , and has loss of use coverage . $ 4/month ? Probably not , but it 's not as expensive as you think . Find a good agent and they 'll help you put together the right coverage for you .


Input: Which Renters Insurance Is Best?

Output: That is a loaded question , but the simple answer is usually the one that can be coupled with your car insurance to offer you the maximum discounts . Also make sure that you ask what the minimum coverage limit is to obtain REPLACEMENT coverage . If you are insured with one of the larger auto insurance companies they will offer a competitive product for your contents . Also be sure to add the personal liability coverage of at least $ 100,000 , but higher limits are more desirable and not that much more per month .


Input: Can Whole Life Insurance Be Cashed Out?

Output: That is a great question ! Your whole life policy will indeed have a cash value that you can receive if you decide to get rid of the policy . But here are some things to think about before you do . How will you be protected if you do ? -LRB- Hopefully you have purchased another whole life policy from somewhere else first -RRB- Does it make more sense to just borrow from the policy as opposed to cancelling it ? If it 's a matter of affordability , have you spoken with your agent about maybe taking the policy as `` paid up insurance '' , or reducing the coverage to make the payments cheaper , or even end ? It is important to not act without thinking about protecting your family first , okay ? In the event that you want to go ahead and cash it out , contact your agent , and tell them you want to `` surrender '' the policy , and ask what the surrender value to you will be . The company will subtract fees , loans , etc from the cash value , so you will want to know the surrender value , as that 's what the check will be written for . Once your request is submitted , the process is fairly quick . I hope that helps , thanks for asking !


Input: Can Whole Life Insurance Be Cashed Out?

Output: The cash value represents the funds that the company has set aside to make sure that they can maintain your policy at a level premium until you die . Any time that you dont want the coverage , the company is willing to give you the cash value in exchange for releasing them of their responsibility to pay a death claim . This is relatively simple and the company is generally quick to respond .


Input: Can Whole Life Insurance Be Cashed Out?

Output: A policy owner may cancel life insurance . The coverage will cease . Whole lifeinsurance , whether participating in dividends or not , may have a cash value if it has been in force for a few years . If the policy has more cash surrender value than the cumulative net premiums paid in , the difference is gain which is subject to income tax .


Input: What Is The Recommended Amount Of Auto Insurance?

Output: You should purchase all the coverage that your company will provide . We read frequently of settlements from auto collisions that exceed the limits of the policies that the drivers of the cars had . Once the company has exhausted their limit , the other party will be coming after you . The higher limits rarely increase cost substantially and the results at a time of claim can be very helpful .


Input: What Is The Recommended Amount Of Auto Insurance?

Output: The least amount of auto insurance coverage that would be recommended by any agent/carrier would be your states minimum insurance coverages . I personally would never recommend the state auto insurance minimums to any prospective client that I speak to . My personal minimum recommendation is 100/300/100 , but you should have the highest coverage that you can afford or that works best for you .


Input: How Much Does Homeowners Insurance Normally Cost?

Output: A homeowners insurance policy is as unique as the home it covers and the person purchasing the coverage . This make the pricing unique also . The best answer I could hope to provide without all of the information would be a rough estimate based on my knowledge and experience within my geographic area . In my area based on my knowledge I would say the average homeowers policy premium is between eight hundred and fifteen hundred dollars per year .


Input: What Is Irmaa For Medicare Part D?

Output: IRMAA stands for Income Related Monthly Adjustment Amount and is the extra premium that persons with higher income must pay for Medicare Part B and drug coverage . IRMAA Medicare Part D uses the income on the 2011 tax return in determining whether higher premiums should be charged . The extra premiums range from $ 11.60 to $ 66.60 / mo in 2013 , for incomes over $ 85,000 .


Input: Can Your Car Be Repossessed For No Insurance?

Output: When you purchased your vehicle and secured your loan . The contract you signed more than likely had a clause about the amount of insurance that you must carry on the vehicle while the loan is outstanding and the repercussions if that auto insurance coverage level was not maintained . So , depending on the language in the contract and your states laws ; I would not say that is beyond the realm of possibilities .


Input: Which Is The Best Type Of Life Insurance?

Output: What determines what the `` best '' is ? Greatest value ? Lowest price ? Easiest underwriting ? Fastest cash value growth ? Strongest providing company ? So it 's a matter of personal opinion . And it should be determined by your goals and needs . As an Insurance Adviser I recommend the Mutual insurance companies as the best providers . Except in special circumstances I always recommend Whole Life as opposed to other types such as Term and Universal . But it really comes down to your personal goals and needs , so talk with your Insurance Adviser . If you do n't have one , call me .