Input: What Disabilities Qualify For Disability Insurance?

Output: When considering a disability policy to purchase , consider everything , but focus on a couple of things . 1st , the easiest way to find out what the policy would n't cover is spelled out on the exceptions page or not covered section . Straight forward it will state directly what the policy wo n't do . 2nd , read their definition of disability . This may sound strange to read , but the best policies for disabilities have the shortest definitions of disability . Basically when you read the definition , anything beyond that first sentence is something that will reduce your benefit . For example , my disability policy defines total disability as `` not being able to do your current job and under a doctors care . '' That 's it , that 's all . Nothing follows it . It does n't care if I can do my job or another , just my current job . End of story . Also , when you consider a DI policy look at residual coverage . Residual is for partial disabilities where you can work , but not as much as before . It will have a similar definition as total disability , but will define by percentage of work you can or ca n't do . So half time would be 50 % loss . A good residual definition will also determine at what point partial becomes fully . I write this as I am on claim on my own disability policies . I contracted an infection that lead to an amputation . Believe me , a good policy does n't present you with too many hoops or requirements to meet .


Input: What Disabilities Qualify For Disability Insurance?

Output: The definition of disability is precisely presented in the disability policy and sales material . It varies between companies and contracts . The most liberal definition is any disability that prevents you from engaging in your current occupation . There are much more restrictive definitions even down to , disability is the inability to perform any work . As a general rule the most liberal definitions appeal to highly specialized professionals . Often these individuals could do any number of other occupations but if their job is to do heart catheterizations they want to be reimbursed any time they are unable to do that amazing subspecialty .


Input: What Is The Best Affordable Life Insurance?

Output: The best affordable life insurance is the one the fits your age and health best . You can get affordable overweight life insurance , affordable diabetic life insurance , affordable sleep apnea life insurance , affordable tobacco users life insurance , or whatever works for you . You just have to find an agency that specializes in that so that they know how to get you the best price .


Input: What Is The Best Affordable Life Insurance?

Output: The best affordable life insurance policy is the one that you currently own . It will never be cheaper ! If you require additional insurance and know when you will die , matching you to the most cost effective policy would be simple . The problem is life expectancy is getting older and older . Since almost half of us will live past 85 we need to think about our permanent needs and temporary needs . Matching policies to those categories is probably the best way to have an affordable program . Remember that if you have inadequate life insurance , someone else pays .


Input: Is Homeowners Insurance Expensive?

Output: Expensive is a different definition for everyone ! Credit plays a huge part in homeowners insurance in many states . So if you have a great credit score your insurance will be much lower than if you have bad credit . Here is my best advice . If you are looking for a home get an agent to give you a quote on the average range of home value you are considering . It will give you a ballpark . Bottom line of you can not qualify for the loan due to the monthly insurance premium then you need to lower the value of the home you are considering or do n't buy .


Input: Is Homeowners Insurance Expensive?

Output: The expense of a homeowners policy is only a small fraction of the amount that could be recovered in the event of a loss . If you want to know how really expensive homeowners insurance is , try having a claim without it . The premium represents your share of the pool of other insureds and the price is regulated by your state insurance commissioner .


Input: How Much Should I Pay For Life Insurance?

Output: It 's very difficult to say what you should be paying for life insurance because it depends on a number of factors and we all have our own needs and budgets . There 's many factors that go into premium pricing to say what an average plan costs . The risk class is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends on a number of items including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Keep in mind , every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- Also affecting the premium for a policy is the type of policy you 're looking to secure - how much coverage do you want/need and for how long do you want/need it guaranteed for -LRB- term vs. permanent -RRB- . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an experienced broker to see what programs are available and what structure would be most suitable to best serve your needs . We have in-depth knowledge of products from many different carriers and can help you through the entire process of securing life insurance from figuring out how much coverage you need and how long to placing the coverage in force and beyond . Please let me know if I can be of further assistance . Thanks very much .


Input: How Much Should I Pay For Life Insurance?

Output: The simple answer is : you should pay an amount that you can afford . People who buy life insurance with the last dollar in their monthly budget will end up dropping their policy when emergencies arise . Life insurance that is dropped is of no value at all . Setting aside an affordable amount to pay life insurance premiums will help ensure that your policy is active when needed . Also , many people feel that if they ca n't buy a large amount of life insurance , they will buy none at all . Who among us would not welcome an extra $ 10,000 of cash at the traumatic time of losing a loved one and trying to take time off work , arrange for a funeral , house relatives or travel to the location of the funeral ? It does not take a million dollar policy to show love for those who are left behind . Of course , premiums differ for different types of policies and different types of risk . If you are using your life insurance to provide income during retirement , it will take a much larger portion of your budget than if you are just funding your funeral . Also , life insurance for those who are older or of poorer health will cost more than life insurance for young , healthy persons . But there is also a greater chance of the death benefit being paid out sooner when the insured person is older or suffers from poor health . A licensed agent can help you look at your whole financial picture and pick out a policy that will meet your needs at an affordable cost .


Input: How Much Should I Pay For Life Insurance?

Output: That is a great question ! The price can vary considerably from policy to policy , because the company bases the cost of each policy on several variables that are unique to you . Your age , your gender , and whether or not you smoke can make your cost much different than mine . Your particular health history , and what prescriptions you take are factors . The type of policy itself , and the amount of coverage also help determine the price . If you would like to contact me directly , I can give you a better idea of what your can expect to pay . Thanks for asking !


Input: Who Has To Buy Health Insurance?

Output: No one has to buy health insurance , but it 's very advantageous to have it . The idea of health insurance is to protect yourself in case of a catastrophic financial event . In the case of health insurance , this can be when you have a visit to the hospital and/or you have to have surgery . While health insurance can be expensive , if you ended up in the hospital one time , you can be subject to thousands of dollars worth of medical bills . Under the affordable care act , if you do not want to purchase health insurance , you can elect topay a penalty instead -LRB- also known as an `` individual shared responsibility payment '' -RRB- . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . 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: What Is Medigap Plan G?

Output: Medigap Plan G is a standardized Medicare Supplement insurance plan designed to fill in the ` gaps ' that Medicare does n't pay . Medigap Plan G covers 100 % of the following after meeting the Part B deductible $ 147 -LRB- 2014 -RRB- : 1 . Medicare Part A Coinsurance and Medicare approved hospital costs 2 . Medicare Part B Coinsurance or Copayment 3 . Blood -LRB- First 3 Pints -RRB- 4 . Part A Hospice Care Coinsurance or Copayment 5 . Skilled Nursing Facility Care Coinsurance 6 . Medicare Part A Deductible 7 . Medicare Part B Excess Charges 8 . Foreign Travel Emergency -LRB- Up to Plan Limits -RRB- While Medigap Plan G benefits are standardized , it is sold through private health insurance companies . This means any insurance company that offers Medigap Plan G is required by law to provide Medigap Plan G benefits . The only difference is price . ABC insurance company can charge a completely different premium than XYZ insurance company for the same exact Medigap Plan G. It 's best to work with an independent agent specializing in Medicare Supplement insurance . We can shop the market for you . We have contracts with insurance companies that you do not see online . This is how we help our clients find low Medigap Plan G premiums . Afterall , Plan G is Plan G -- you might as well find the the plan with the best rate . Please feel free to contact me if I can assist you with your specific situation . In just a matter of minutes , I can provide you with quotes for Medigap Plan G in your area .


Input: What To Look For When Buying Long Term Care Insurance?

Output: Some things to look for when buying long term care insurance are : 1 -RRB- whether it covers all levels of care , including care given at home or in an assisted living setting ; 2 -RRB- how many years the care will last , or what lump sum of money there is to cover care over the lifetime of the insured ; 3 -RRB- the daily benefit ... do you want the policy to cover all or part of what you might be charged for your long term care services ; 4 -RRB- the elimination period , coordinating it with days that might be paid for by Medicare , etc ; 5 -RRB- a home health care rider that allows you to receive those benefits from day one rather than wait for the elimination period to run out ; 6 -RRB- cost of living rider that will allow your benefit to go up as health care costs rise .


Input: Does Fmla Apply To Life Insurance?

Output: FMLA -LRB- Family and Medical Leave Act -RRB- appears to be only required for health insurance , and not life insurance . However , employer and employee can work together to ensure that life insurance premiums are paid during the employee 's time off so that their life insurance benefits are not cancelled during family leave .


Input: What Are The Advantages Of Long Term Care Insurance?

Output: That is a great question ! Recent studies have shown that nearly 70 % of all Seniors will need some form of long term care during their retirement . Unfortunately for many , their retirement savings plan did not include the costs for that long term care . With some facilities costing upward of $ 80,000 per year , far too many Seniors have seen what they thought were adequate retirement savings get gobbled up quickly by those medical care costs . A long term care plan purchased early is a great hedge against those costs , and for the protection of your retirement and insurance funds . I seriously can not recommend strongly enough the value of adding this kind of policy to your portfolio . Thanks for asking !


Input: What Are The Advantages Of Long Term Care Insurance?

Output: The two main advantages of Long Term Care Insurance are : 1 -RRB- Paying for your long term care needs without having to spend down your assets , and 2 -RRB- Having a say in the care that you get . As Care Plan Coordinator for a nursing home , I saw the advantages of Long Term Care Insurance up close . It can enable you to get a private room , get out into your home more quickly , and other perks that are not possible when on Medicaid . Not everyone can afford Long Term Care Insurance , and Medicaid is a blessing for those who need it . But there definitely are advantages to having Long Term Care Insurance .


Input: What Are The Advantages Of Long Term Care Insurance?

Output: The # 1 risk to retirement is human longevity . Nothing impacts retirement income like extended mortality risk . And the second consideration is defending retirement income from assisted living or nursing home care costs that can erode the income and other assets . Long term care insurance can covers those costs . It 's part of defensive planning for retirement .


Input: Does Health Insurance Cover A Tummy Tuck?

Output: A tummy tuck will be covered under your health insurance plan as long as it is considered -LRB- and coded -RRB- as medically necessary by your attending physician . Often times this is considered an elective procedure and wo n't be covered . It 's vital to contact your carrier prior to the procedure to find out how -LRB- if at all -RRB- they will cover the surgery . The best place to start is to call the benefits verification or pre-certification phone number on the back of your insurance cards .


Input: Can You Cash In Annuities?

Output: Non-qualified tax deferred annuities have to considerations when weighing the surrender or cashing out of the policy . The first is the surrender charge . During the early years annuities can have punitive surrender charges , so know the cost of liquidity before you purchase this product . The second item is taxes . All distributions of gain are taxed as ordinary income . Cashing in large policies can elevate you into one maybe even two higher tax brackets .


Input: Does Progressive Renters Insurance Cover Storage Units?

Output: I am not aware of any renters policy that would exclude a storage unit . A storage unit is considered your premises so coverage is extended to your items in the unit up to the limit of coverage 's you chose when you purchased the policy . Now if you store items at a friends , neighbors or relatives residence past 30 days coverage will be reduced to 10 % .


Input: Can You Write Off Mutual Fund Fees?

Output: In Canada , in most cases you can not write off mutual funds fees . The fees are deducted directly from the mutual fund assets . There are funds available that are available net of fees . With these versions you negotiate the advisor 's fee separately and pay it out of pocket . This fee is deductible as an investment expense . If you have further questions , please do not hesitate to contact me .


Input: How Will Obamacare Affect Medigap Insurance?

Output: ObamaCare currently has no impact on Medigap policies that would be obvious to the senior consumer as being directly attributable to ObamaCare . It does n't phase them out or end them and they are n't subject to the more direct attacks this administration has made on Medicare Advantage plans . The effects of ObamaCare on the Medicare population will be more subtle . Even before ObamaCare was passed , Medicare reimbursement rates were at levels where growing numbers of physicians were making business decisions to limit the number of Medicare patients they would take in their practice , freeze their number of Medicare patients at current levels , or stopping accepting Medicare patients entirely . While going through all the legislative and budgetary gyrations that resulted in the passage of ObamaCare in 2010 the administration deemed it critical that the projected 10-year cost projections of the law come in under 1 trillion dollars . Why ? Because that was approximately what we had spent on the wars in Iraq and Afghanistan and the argument was that if we could afford to spend that much on wars then surely we could afford to spend that much on providing health insurance . An important aspect of how this was accomplished from a budgetary perspective was that the law transfers future funds from the Medicare trust funds to pay for various aspects of ObamaCare . It was projected that these transfers would reduce the future increases in spending on Medicare over the coming decade by about $ 700 billion . In Washington speak this means that we 'll still be spending more on Medicare -LRB- which with our growing Medicare population is only logical -RRB- but we 'll be reducing reimbursement levels to doctors , hospitals , etc. , by $ 700 billion less than would have otherwise been the case . From studies I have seen , this will begin taking Medicare reimbursement levels below those of Medicaid in the not too distant future . So , if many healthcare providers were barely breaking even or losing money on Medicare patients at the old reimbursement levels it does n't take much imagination to guess what their reaction will be to even lower reimbursement levels in the years to come . So , the main challenge many senior citizens on Medicare will be faced with in coming years that is severely aggravated by ObamaCare will be finding healthcare providers who are willing to accept them .


Input: Is Landscaping Covered Under Homeowners Insurance?

Output: In many cases , there is some limited coverage for shrubbery and trees , yes . The coverage may be limited to specific causes of loss or perils , and would be subject to your Homeowners ' Policy Deductible . In addition , coverage may be limited to a specific dollar limit within the terms and conditions of your policy . Fencing , above ground structures such as arches , pergolas , fountains etc , would have coverage , but generally speaking , surface installed patios , walkways etc , may not be included for coverage under the policy .


Input: What Is A Premium In Auto Insurance?

Output: A premium is the amount that you are expected to pay to keep your insurance coverage in force . Most companies allow you to pay this amount monthly , quarterly , semi-annually , or annually . Each company sets its own requirements when it comes to payment schedules . Contact a local agent to find out what coverage and payment plans that he/she has available .


Input: Who Covers A Frost Heave In The Driveway To The Road -- The Homeowner Or The City?

Output: It is impportant to remember the two most common exclusions in most Homeowners policies to begin to explore this question . Flood damage is always excluded and such protection is only available through the purchase of a separate Flood Insurance policy . The other common exclusion , which more closely begins to deal with this question , is damage to property caused by earth movement . Any earth movement that you can think of usually falls into this category of exception including earth quake , sink hole , settling , frost heave etc. . So the exclusion alone , if it is found in your policy , would be enough to deny coverage for such a loss . Always talk to your Insurance Professional about the specific terms , conditions and exclusions in your policy .


Input: Who Covers A Frost Heave In The Driveway To The Road -- The Homeowner Or The City?

Output: A HO-3 homeowners policy covers your driveway to an amount not to exceed the Coverage B limit . However , the insurance company generally does not pay for damage to a driveway caused by freezing , thawing or pressure or weight of ice or water whether driven by wind or not . Since the city is not responsible for the weather , I doubt that they would have any liability .


Input: Does Long Term Disability Cover Health Insurance?

Output: Long term disability can be used for health insurance but the two are completely different policies . Health insurance was designed to pay the medical bills of doctors , hospitals , testing facilities , etc. . Long term care was designed to pay you in case of an illness or injury so severe you are no longer able to work . There is no restrictions on what you spend the disability benefits on once you start drawing them . Many use them to pay their living expenses , but some use them to pay health insurance premiums , deductibles and any other out of pocket expenses .


Input: Does Long Term Disability Cover Health Insurance?

Output: The cost of health insurance premiums can be paid using the long term disability benefit payments . Your question helps highlight the importance of having income replacement coverage is the first place . Many employees are shocked to learn the true cost of employer sponsored health insurance . Many employers pay a significant portion of the premium for active employees . However , when an employee leave on a disability , the employee can continue coverage under COBRA . The employee pays the full premium and often needs to continue with coverage because their disability requires medical care . Paying for health insurance without an income can be crippling .


Input: Does Long Term Disability Cover Health Insurance?

Output: That is a great question ! You really want to be careful though , as long term disability and health insurance are two completely different animals . Health insurance can only be applied to your medical expenses , and insures your health . Disability insurance insures your paycheck . As such , the money it provides can be used for whatever need you have , rent , electric bill , medical bills , etc. . Could you use your LTD money to help pay for medical bills ? Absolutely . Would it replace your health insurance ? No , and I really would n't advise that you try , as your LTD payments will not be close to what your health insurance would pay , in most cases . I hope that helps , thanks for asking !


Input: Does Long Term Disability Cover Health Insurance?

Output: Long Term Disability Insurance and Health Insurance are completely separate . Long Term Disability Insurance will pay you cash in the event that you are unable to work for an extended period of time due to illness or injury . If you wish to pay for your Health Insurance premiums with that cash , you may do so .


Input: Which Insurance Allows Me To Drive Any Car?

Output: The state of California requires that all licensed drivers have liability insurance . Normally that coverage `` follows '' a vehicle and any licensed driver , other than one specifically excluded , can operate that vehicle with the owner 's permission . Some drivers want to maintain a license even though they no longer own a vehicle in which case they would purchase a liability policy on themselves .


Input: Do You Need A Will For Life Insurance?

Output: Having a will is definitely not a requirement for obtaining life insurance . Typically you must name a beneficiary when you apply for life insurance and that is who will receive the death benefit of the policy as long as it is in force when the insured dies . Unless the beneficiary died before the insured does . If there is no named beneficiary when the insured dies then the death benefit will become part of the estate . If then there is no will the estate will go to probate .


Input: Do You Need A Will For Life Insurance?

Output: No , you do not need a will for life insurance . Some people do make a will at the same time they purchase life insurance , while they are taking care of some future planning , and it is a good idea to have a will . But it is not necessary to have a will in order to take out life insurance . The money in the policy will go to the beneficiary stated in your life insurance policy , regardless of what the will states .


Input: Do You Need A Will For Life Insurance?

Output: A will is not required with Life Insurance as you state who the beneficiary is . This overrides what the will says . If your beneficiary is a Trust or your Estate , then I would recommend having a will along with the Trust & Estate documents . Life Insurance proceeds avoid probate however a Will does not . Probate court will use the will to hear the last wishes but is not guaranteed it will be carried out especially if there are debts that are being pursued .


Input: Why Are So Many People Without Disability Insurance?

Output: Why are so many people without Disability Insurance ? There are multiple reasons that people do n't have disability coverage . It could be they do n't see the value in owning a policy . It could be that their occupation does n't have a disability plan offered by a insurance company . It could be they ca n't get through the very hard underwriting that comes with disability insurance . There are multiple reasons people do n't have this coverage , too many to actually list here .


Input: Who Benefits From Universal Life Insurance?

Output: Universal life is generally purchased to cover the beneficiaries of the policy from financial the liabilities of the policy insured . Universal life is a permanent form of cash value life insurance that can also benefit the policy owner during their lifetime with tax advantaged income they can use for retirement .


Input: Who Benefits From Universal Life Insurance?

Output: Universal Life Insurance comes in several different types , and who the policy benefits depends on what type of Universal Life policy you get . Guaranteed no lapse UL usually has the lowest premiums of any permanent policy . That type of Universal Life benefits those with low incomes who still want the protection of lifelong coverage . Indexed Universal Life and Variable UL can be designed to provide tax deferred retirement income , or to borrow from for other needs . Universal Life , in general , is very flexible , so is ideal for a family who wants to simply adjust one policy throughout the stages of their life , rather than buy a new term or whole life policy whenever the need arises .


Input: Which Health Insurance Is Best For My Family?

Output: The best kind of health insurance is the kind that is best for you . There 's a difference between the most comprehensive coverage and what is most suitable -LRB- or `` best '' -RRB- for you . Under the new Affordable Care Act , there are four main benefit levels of coverage - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or were fired , you lose the coverage . An individual plan will stay with you wherever you go . Because everyone 's needs and budgets are different as well as the plan types available to them , you need to talk to an agent about your specific situation so you can review and discuss the available options . If I can be of help , send me a private message using the `` contact me '' button .


Input: How To Reinstate A Lapsed Life Insurance Policy?

Output: If a policy lapses you must fill out an application for reinstatement and pay all back premiums . As long as your health has n't changed there should be no problem . If the policy is less than a year old you can reinstate by redating with some companies . You have the policy reissued with a new issue date . This way you do not have to pay the back premiums .


Input: What Is A Modified Guaranteed Annuities?

Output: A modified guaranteed annuity -LRB- MGA -RRB- is a deferred annuity that guarantees principal and a rate of interest credited to deposits for a fixed time period , some up to up ten years . Any early withdrawals from or surrender of an MGA before the expiration period will more than likely be subject to a market value adjustment , a possible withdrawal charge and exposure to ordinary income taxes . These types of annuities are hold positions and should not be purchased if liquidity is a high priority of the saver .


Input: How To Qualify For Preferred Plus Life Insurance?

Output: How to qualify for preferred plus life insurance rates varies and only some companies offer them . Examples would be Standard , Preferred or Super Preferred rates . Standard is what the name implies regular rates for a person of that age . Height weight are inline and no health concerns or `` dangerous '' activities . Preferred rate as you might suspect is in a little better health and has good activity habits . Super Preferred or Preferred Plus qualifiers are in excellent health , are very physically active and have a very good family medical history . Should point out , that the best smokers can hope for is that some companies of preferred standard smoker rates . Super Preferred is not available . Since the qualification and product varies by company , an independent insurance broker , should be able to help you find the right policy and 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: How To Qualify For Preferred Plus Life Insurance?

Output: This is a great question . Very few people can qualify for the rate class above Preferred . The criteria differs from carrier to carrier , but in general , to qualify for Super Preferred rates , you must : 1 -RRB- have lab results that all fall in the normal range , with cholesterol being very good ; 2 -RRB- blood pressure and pulse must be very good ; 3 -RRB- you can not have a parent -LRB- some also include siblings -RRB- who had heart disease or cancer -LRB- some also include diabetes and other illnesses -RRB- before age 60 or 65 ; 4 -RRB- you can not use tobacco -LRB- the best tobacco users can get is Preferred Tobacco or Preferred Smoker -RRB- ; 5 -RRB- you can not be overweight ; 6 -RRB- you can not have had any serious health conditions throughout your life -LRB- again , all these vary by carrier , health condition , treatment , etc -RRB- ; 7 -RRB- you do not participate in dangerous hobbies , had excessive traffic tickets , had treatment for substance abuse , etc. . Shopping with a broker can get you the best possible rate because each company has its own standards for how they rate . Please do not hesitate to contact me if you would like personal assistance .


Input: How To Qualify For Preferred Plus Life Insurance?

Output: A bell-shaped curve gives you an idea of the distribution of health conditions for a population . A very few are out on the edge of the curve and as you move to the middle many more qualify . That is what happens with underwriting . The rates are determined for the broad center of the curve . A few are somewhat better and a very few are truly exceptional .


Input: Can I Get Insurance On A Cat D Car?

Output: There are provisions to insure every car that your states department of Motor Vehicles will license . Preferred insurance companies may limit the coverage that they offer . Frequently they will refuse to offer physical damage coverages . However , there will be companies that will insure your car as long as it is deemed roadworthy by the DMV .


Input: How Much Is Homeowners Insurance With Allstate?

Output: Insurance quotes are very specific to the customer , property being covered , property use , replacement cost of the property , coverage needs , your personal credit and many other factors . There are also discounts that you may qualify for , specific to the company . You should contact a local Allstate agent to receive a free quote .


Input: When To File Auto Insurance Claim?

Output: As soon as you can . The longer that you wait to file a claim the longer it will take for you to receive restitution . The sooner your carrier receives notice of a claim the faster that they will be able to get you the money that is due to you for your loss .


Input: When To File Auto Insurance Claim?

Output: Your policy probably indicates that it is your responsibiliuty to notify the company immediately in the event of a loss . My suggestion is that you contact your Insurance Professional as soon as it is possible for you to do so safely so that they can guide you through the process . Taking the time to gather as much information as possible is always helpful , but certainly get in touch with them the day of the loss if at all possible . Property and losses may cause damage that can get worse over time so getting the ball rolling as soon as possible is in your very best interest .


Input: Does It Cost To Get A Medicare Card?

Output: Medicare Part A is typically free for a person age 65 and over . Medicare Part B portion of the card does have a monthly premium which is usually $ 104.90 per month -LRB- For 2013 & 2014 -RRB- . If your income exceeds $ 85,000 per year -LRB- or a married couple 's income exceeds $ 170,000 -RRB- then your Part B premium could be higher . You should also consider a Medigap Plan -LRB- Medicare Supplement Plan -RRB- or a Medicare Advantage Plan .


Input: How To Figure How Much Life Insurance You Need?

Output: How to determine how much life insurance one needs is an exercise that all conscientious insurance agents go through with every client . It is a dereliction of duty not to do so . Of course once the need is determined it still remains up to the client how much to put in place . In determining the amount of insurance needed , of primary importance is to define what the goals are of the insured . If the main goal for the insurance is to provide for dependents then the requirements for that provision will be the main determining factor for the amount needed . If the main goal for the insurance is to provide additional income in retirement then that requirement will be the determining factor . So to answer your question depends on who the insurance is for . If it is for you , you should talk with an Insurance Adviser .


Input: How To Figure How Much Life Insurance You Need?

Output: WEBSITELINK This is a link to help you figure out how much life insurance you need . This is a free calculator and website all about insurance . Generally , you need to decide what you would like to cover i.e. final expenses only and/or providing income to help your family with future goals . Expenses like mortgage , credit card debt , loans , etc. . I would also talk with your broker/agent who should help you to figure out what amount makes sense including inflationary increases for the future .


Input: When Should I File A Claim For Homeowners Insurance?

Output: If you are sued , call your insurance company immediately . If there is damage to your property that requires immediate attention , file a claim with the company . This is particularly important with water damage or any damage the affects the integrity of the home . If the situation isnt urgent discuss the loss with your agent before filing a claim . If the claim is minor it might be better to forgo the claim and enjoy a further premium discount for being claims free .


Input: Why Were Annuities Created?

Output: The first annuities were used in the Roman Empire . The Latin word annau translated is annual , but represented annual stipends and evolved into annual contract payments . In America , annuities were granted special taxfavoredtreatment under the IRS code with tax deferred accumulation .


Input: Can Disability Insurance Be A Business Expense?

Output: Disability Insurance will qualify for a business expense if the business pays for the policy and does not receive any of the benefit received . However the employee of the business will need to report any disability income benefits received as taxable income . The same holds true if a professional such as a physician or dentist is incorporated and has a salary or wage continuation plan in the corporate minutes . The corporation may pay for the policy but any benefits received are taxable as income . How premiums for coverage can be changed from year to year . For individual disability policies , in the event of a claim , whether benefits are taxed or not depends on how the premiums were paid during the year of claim . For group disability polices there is a three year look back for premiums . Overhead/practice expense disability policies are always tax deductible and benefits received by the business/practice are not taxable .


Input: Can Disability Insurance Be A Business Expense?

Output: For a business owner it is possible to have the premium become a business expense . However the benefit then becomes taxable should you have to use it . A better way to structure the payment is to use an executive bonus strategy . Please speak with your accountant on how to set that up . Basically you are increasing your salary to cover the premium payment , you then add to your withholding to cover the additional taxes . This way the individual is paying the premium so the benefit will be tax free and the business receives the payroll deductions . For your employees , you can provide long term disability or short term disability as an employee benefit . The same rules apply however , taxes will be paid at some point , either on the premium or on the benefit .


Input: Can Disability Insurance Be A Business Expense?

Output: The answer is yes , no and maybe . Yes , it can be tax deductible if the business owner purchases a Business Overhead Expense policy or BOE . This policy is specifically designed to pay bills and payroll not the owner direct . For this reason a BOE policy is tax deductible . On a straight disability income policy yes you can set it up with the help of your accountant to have the business pay the premiums . In most cases you do n't really want to do it that way . If you pay premiums with post tax dollars then benefits are tax free . If you pay premiums through the business then your benefits would be taxed as income . Think of it as do you want to pay taxes on the seeds or the harvest ? The premiums are much smaller in comparison to the benefits received there for a lot less tax will be paid .


Input: Can Disability Insurance Be A Business Expense?

Output: It depends upon the type and purpose of the disability insurance policy . Insurance premiums for a disability insurance policy taken out to pay for lost earnings due to a illness or injury are not a deductible business expense . However , a disability insurance policy taken out to pay business overhead expenses in the event the business owner is disabled by illness or injury is a deductible business expense . You can refer to IRS Publication 535 , released in 2014 , for the specific details on these matters .


Input: What Is The Average Car Insurance Rate In Kansas?

Output: According to the National Association of Insurance Commissioners , the average cost of auto insurance in the state of Kansas is around $ 625 per year .


Input: How Much Is Car Insurance For A 18 Year Old Female In Minnesota?

Output: There are several carriers who would offer an 18 year old in Minnesota car insurance coverage . What 's probably important to you is who will give you the best coverage at the lowest price . To get this , you should seek out the help of an agent who is licensed to sell auto insurance in your state who can show you various auto insurance quotes .


Input: What Is The Tax Rate On Life Insurance Payouts?

Output: Life insurance death benefits paid to a beneficiary are not subject to personal income tax . If the policy is surrendered prior to death , the person receiving the proceeds is liable for income tax on any amount that exceeds the sum of the premiums paid . There are exceptions to these principles .


Input: What Is The Tax Rate On Life Insurance Payouts?

Output: When it comes to Estate Planning sometimes people get confused with taxes an estate will have and using Life Insurance to pay for that tax . Life Insurance provides a tax free death benefit to the beneficiaries . One use of Life Insurance is to put into an Estate Plan to pay for any taxes due . This generally will onlybe the case on large estates however .


Input: What Is The Tax Rate On Life Insurance Payouts?

Output: Life Insurance benefits are tax free . The death benefit is also available lump sum . There can also be payments arranged for income protection which are monthly for a specified number of years . This form of payment Is beneficial for increased financial protection , for , all financial obligations may be paid like funeral , utility bills , support for family , etc. .


Input: What Is The Tax Rate On Life Insurance Payouts?

Output: What is the tax rate on life insurance payouts ? In most all cases the life insurance payout tax is zero . Usually there is no tax consequence on life insurance proceeds presented upon death . The time that the benefit would have tax ramifications would be when the life insurance premium was taken on a pre tax basis . This would make the death benefit taxable income .


Input: How Do I Get Life Insurance For My Mother?

Output: It is entirely possible for you to obtain Life Insurance on and for your Mother . In many cases there are companies that specialize in such policies , but even in the primary Life Insurance market , so long as she meets age and health underwriting guidelines , such a policy should certainly be available .


Input: How Do I Get Life Insurance For My Mother?

Output: To get life insurance for your mother , the best place to start would be to sit down with your mother and jot down her health history , medications , and height and weight . You can call or email that information to an agency that carries several final expense products , so they can shop for her best rate . She will probably need to do a phone interview to get the lowest price . If the face amount is under $ 30,000 she will not need to take an exam . The application process will vary depending on which company you go with , but she should have a policy within a couple of weeks .


Input: Can A Homeowners Insurance Company Drop Your Coverage?

Output: An insurance carrier may decide to cancel or non-renew a client if the client no longer meets the carriers standard for providing coverage . A client could also be dropped or non-renewed by a carrier if the coverage provided was approved under false information or fraudulant acts . If you receive a letter of cancellation or non-renewal from your current carrier you should contact your local agent to either contest be dropped or non-renewed or they may be able to help you secure coverage else where .


Input: What Does No Cost Sharing Mean In Health Insurance?

Output: No cost sharing in health insurance means that either yourself or the insurer is paying the entire amount of either the claim , the policy or both . Typically , you will find that rarely does an insurer or a customer pay 100 % -LRB- initially -RRB- of a claim or premium . In some situations , after a deductible is met , you may see an insurer paying 100 % of a claim .


Input: What Does No Cost Sharing Mean In Health Insurance?

Output: No cost sharing means the treatment you receive is fully covered by your insurance plan . Under Obamacare rules , most preventive procedures must be available at no charge to you . There are about 120 different preventive care procedures listed by the government . You would not be required to pay a copay or other charges if you have a major medical plan .


Input: Why Would I Be Denied Life Insurance?

Output: There are many factors to life insurance underwriting that can contribute to a denial or decline . Unfavorable medical information is the leading cause for declination . Also negative behavioral lifestyles like addiction , multiple motor vehicle violations or hazardous recreational activities or dangerous vocations . There are financial items like no insurable interest between the insured and beneficiaries or the inability to financially justify the amount .


Input: Can You Get Insurance On A Car In Someone Else's Name?

Output: In Montana and in many state the answer is no because you have no insurable interest . But you can get what is called a non-owned policy that covers you driving any car for liability only so long as you do not have a car titled in your name . The policy is very reasonable as far as rates go and protect you if you hurt someone in and accident and also protects you if you are hurt in an accident and have un insured motorist and under insured motorist . The reason you can not insure someone else 's auto is the insurance company in the event of a claim would have to issue the payment for the carthat you were driving wasdamaged the check would have to go to the owner of the car .


Input: What Does An Immediate Annuity Cost?

Output: The `` cost '' of an immediate annuity is exactly the amount you put into it . Generally , any annuity costs are already figured into the payout you will receive . Insurance companies offer different minimums and maximums and that varies considerably . Some companies allow as little as $ 5000 . With an immediate annuity , you give your retirement savings to an insurance company and they promise to pay out a monthly or annual amount for the rest of your life or for a fixed period . You can choose a joint annuity which would continue the payout to your spouse after your death . The amount of income generated from your immediate annuity will depend on the type of annuity -LRB- such as fixed or variable -RRB- , your age , sex and marital status .


Input: What To Consider When Purchasing Life Insurance?

Output: When purchasing life insurance to cover the life of a bread winner in the family or a business partner at work , it 's important to collect information to properly cover your beneficiaries . You need to include all debt , future obligations and your value to earn a living , i.e. how much will you make between now and the time you retire .


Input: What To Consider When Purchasing Life Insurance?

Output: When purchasing life insurance , you need to consider : 1 -RRB- What type of policy you need . This can be Term or Permanent or both . 2 -RRB- Your budget . Life insurance must be affordable or it will be dropped before the time of need . 3 -RRB- Your obligations . What you want to use the insurance to cover . 4 -RRB- The security and integrity of the life insurance company and your agent . 5 -RRB- The features and guarantees in the policy itself .


Input: Can I Pay For Health Insurance With A Credit Card?

Output: You can pay for health insurance with a credit card ... sometimes . I 'll clarify . Typically , when you apply for a new policy , there may be a billing option that allows you to make the first payment with a credit card . However , usually , with ongoing and future billing , payment by check or via mail is the preferred method . However , late payments can often be paid by credit card . Each carrier has its own rules .


Input: Does Having Children Increase Car Insurance?

Output: Having children who are not of driving age and licensed does not in and of itself increase car insurance premiums . You may want to talk to your Insurance Professional about increasing the liability coverage in your policy , however , in the event you are volunteering to take your children 's friends to the ball field or anywhere else . Once your child is of driving age and then is issued a license , the insurance company will charge a bit more . Insurance premiums reflect the risk that a company is assuming on your behalf . Younger , inexperienced drivers do tend to be an increased risk . Be sure to ask about available discounts for having taken Drivers Education , being a good student , qualifying for occasional usage rates etc to save money .


Input: How Does Life Insurance Work In A Divorce?

Output: Unless a change is made by the owner of the life insurance policy or court ordered coverage is imposed , nothing is affected . Generally , if the parties are amiable , cross ownership by the parties for the benefit of their children is the first approach . Remember , policy ownership controls the contract . Any change in ownership could trigger a taxable event with permanent cash values .


Input: How Does Life Insurance Work In A Divorce?

Output: When a couple has existing life insurance , they need to work out on their own , or with their attorneys , or by court order , what to do with those policies . They may want to simply adjust owners and/or beneficiaries . Or they may choose to terminate the coverage and buy new . It is almost always a good idea to have separate policies for an ex-spouse and new spouse .


Input: How to best prepare for a life insurance medical exam?

Output: In addition to Neil 's excellent advice , I would add : >> Pick a place for the exam where you will be most relaxed . If you have `` white coat syndome '' -LRB- your blood pressure goes up when you are nervous -RRB- , have your examiner take a reading at a time of the exam when you feel most relaxed -LRB- like maybe after your blood sample has been drawn , if also have a fear of needles -RRB- . >> Be prepared to answer lots of health questions , even if you have answered them before . Double checking is the way they flush out things that may have accidentally been omitted , and that is what ensures that your policy will pay out for your loved ones if tragedy would occur . >> Have the names , addresses and phone numbers of your doctors on hand , as well a list -LRB- or the bottles -RRB- of your medications .


Input: How to best prepare for a life insurance medical exam?

Output: Here is the list that I keep on file for my clients : >> Fast for a minimum of 8 Hours Prior to Exam unless you are diabetic or have another health condition . If you do have a health condition we will discuss specific instructions for your case . >> Insist on Morning appointments only ! Blood pressure and exam results tend to be better in the morning . Many examiners are available on Saturdays as well . >> If you are sick on the day of your exam , cancel . We can always reschedule the exam when you are better . >> Take your medications as you normally would . >> Avoid alcohol for a minimum of 24 hours prior to your exam . Blood pressure , liver enzymes and more may be elevated otherwise . >> If you smoke , do not smoke prior to your exam . Smoking raises blood pressure . For cigar smokers and other tobacco users Some of the companies will give you a non-smoker rate but your urine sample needs to be negative for nicotine . Please call to discuss your case >> Your weight Check your weight in the days leading up to your exam . On the day of your exam , take your shoes off , dont wear belts , empty your pockets , wear light clothing . IMORTANT Make sure you ask the examiner what your weight is . If you think it is wrong , ask them to weigh you again . >> Your height Stand up straight just like Mom told you to . IMPORTANT Ask the examiner what your height is . If you think it is wrong , ask them to check again . >> Avoid Caffeine on Exam day Caffeine elevates your blood pressure . Avoid it for at least a few hours prior to exam . >> Cholesterol TIP Eat plenty of oatmeal and bananas in the week leading up to your exam and lay off the sweets and other cholesterol elevating foods . >> Exercise TIP If you exercise , do NOT exercise on the morning of your exam . Exercise may artificially raise your blood pressure . >> Water Drink lots of water to flush out your system leading up to the exam .


Input: When Are You Medicare Eligible?

Output: Most will become eligible for Medicare at age 65 . If you have enough Social Security wage quarters , are a US citizen or here legally and have lived in the US for 5 years you will be automatically enrolled in Medicare Part A and B at age 65 . Disabled individuals may qualify for Medicare at an earlier age .


Input: Where To Find Health Insurance?

Output: It is going to be interesting to see how the insurance companies are able to cope with the fact their industry has spent millions only to now be told they must keep `` those policies in force '' for another year . I am thinking the practical way to proceed for an insurance agent is to stick with the main line companies like Humana and Golden Rule which is owned by United Health Care


Input: Where To Find Health Insurance?

Output: Health Insurance is usually purchased through Health Insurance Agents . Keep in mind that the agent does n't charge the client -LRB- you -RRB- any money . We offer Health Insurance throughout California . If your in another state , make sure to look up a Health Insurance Agent that has contracts with multiple carriers so that they can give you the most options and the best rates possible .


Input: Does Renters Insurance Cover Dog Damage?

Output: If your dog damages your apartment , you might have coverage under the liability section . Sometimes a company will put a form into your policy that would restrict the amount paid , or even deny coverage depending on the breed of the dog . If the dog that damages your rented property isnt your dog you can sue the owner of the dog .


Input: Does Renters Insurance Cover Dog Damage?

Output: If your dog damages property , such as a door , there might be coverage . Many companies specifically exclude or restrict recovery if certain breeds or types of dogs are concerned with personal injury . This principle might also apply to physical damage . Most landlords require a damage deposit before renting property to someone who had an animal .


Input: Does Renters Insurance Cover Dog Damage?

Output: If there is any coverage at all it would fall under liability . This means your landlord is going to sue you for the damages of which your insurance provider will have to step up and defend at the very least . The insurance carrier will then make a determination if there is coverage . My question is , did the landlord allow you to have the dog ?


Input: Can A Person With MS Get Health Insurance?

Output: Yes , a person with MS can get health insurance . Effective January 1 , 2014 all individual health insurance plans will no longer have preexisting condition issues . You should speak with an independent health insurance agent to discuss your needs and they will be able to show you plans from all the major carriers .


Input: What Information Do I Need For An Auto Insurance Quote?

Output: You will need to provide the following information to receive an accurate auto quote : dates of birth of all drivers to be covered VIN numbers of vehicles to be covered Social Security number of primary insured and possibly other insureds amount of coverage you are seeking garaging address of vehicles milage of each driver to work and type of use for vehicle Motor vehicle history for all drivers to be covered


Input: Will My Health Insurance Cover IVF?

Output: Chances are slim . I 've been asked this question for 10 years and insurance carriers almost never cover it since it 's an elective treatment . However , some group plans will give aggressive discounts as long as the providers are in their network . Call the benefits verification hotline on the back of your insurance cards and ask the question . If your plan does cover it , take advantage of it and good luck :-RRB- Please click the `` Contact Me '' button on the left or run a personalized quote at : WEBSITELINK Also , you can call me anytime at : 561-320-2978 ... I would love to hear from you .


Input: Why Buy Whole Life Insurance For A Child?

Output: First , while no one likes to contemplate the passing of a young person , death has no respect for age . The cost of a funeral for an 8 year old is n't going to be any different than for an 80 year old . So , reason number 1 would be to protect you and your family from that unexpected expense . Life insurance rates are based upon life expectancy among other factors . Obviously the life expectancy for a normal child is expected to be several more decades which translates into many years for the life insurance company to invest those premium dollars before they eventually pay the death claim -LRB- assuming the policy is kept in force , sadly it 's not unusual for a child to become an adult and take over the policy and discontinue paying the premiums -RRB- . On a more positive note , a properly structured whole life insurance policy builds up cash value . The cash value accumulation of a whole life insurance policy from someone 's childhood until they reach retirement age can amount to a sizable asset depending upon the face value -LRB- death benefit amount -RRB- of the policy . In the ideal scenario you will leave your child with a paid up life insurance policy and a financial asset for their golden years . Decades from now your child probably wo n't remember many Christmas or birthday gifts they received from you but a good whole life insurance policy can truly be the gift that keeps on giving .


Input: Why Buy Whole Life Insurance For A Child?

Output: This was once an extremely popular idea . A child can almost always qualify for life insurance , something that might not be true by occupation , avocation or health in the future . The premium will never be lower . It becomes a gift that a parent can pass to the child later in life that is often worth more than the premiums paid . It provides a death benefit in the event of premature death . Many parents prefer a limited payment whole life policy so that all the premiums are paid prior to gifting the policy to the young adult .


Input: Why Buy Whole Life Insurance For A Child?

Output: Why buy whole life for a child ? Well I guess I can tell you why I bought whole life for my kids . In no particular order or rank , I bought whole life because that is the cheapest if will ever be , those policies will become cornerstones of their financial lives . Much like buying a piece of property they now have something to build on . They have future guaranteed insurability with these policies as well What that means is they ca n't be told `` no '' by the insurance company , even if they are no longer insurable . Sort of like a stock option . And finally for this post if either of my kids were to die before me I would be devastated . I would be crushed as I have great kids . So insurance on them would help me get through their passing by paying bills that still need to be paid . I am planning for their future living with these policies and accepting the aspect of the possibility of their early passing and the help they would provide . I could never imagine having an argument with a spouse over what headstone to buy . Whole life on a child is an investment in their future , not just their death .


Input: Why Buy Whole Life Insurance For A Child?

Output: Buying Whole Life Insurance for a child is first , for the obvious , to provide a death benefit in case of death . You may think this is not necessary , however from my personal experience with losing a child of 17 years , a small death benefit was great to off set the loss of income during our grieving . The second , is many parents or grandparents like to provide a `` gift of Life '' to the kids using Whole Life Insurance since it does grow cash value which can be used in the future for several expenses such as college education , helping to purchase a first home , etc. . If you have a specific question for your child or grandchild , do not hesitate to ask . There are many ways to design a plan to meet your families needs .


Input: How Much Is Car Insurance For A New Female Driver?

Output: Your going to have to contact your local independent agent to get some quotes for you . It is not going to be cheap , but if you maintain a good record when you turn 25 your premiums will change . If you decide to become insured under your parents policy have them inquire their independent insurance agent about an umbrella policy , or personal excess liabilty . They will be shocked at how cheap a $ 1 million dollar policy costs , which will help protect their home , retirement , etc. . Best of luck !


Input: Need Cheap Home Owners Insurance?

Output: A home is typically the largest purchase one makes . And like most products in the marketplace , one can find a cheap home or an expensive home . The same goes for homeowners insurance . If you are trying to meet only a mortgage company 's requirement for insurance , you can go pretty cheap . If on the other hand you want an insurance company to pay for ALL the damages incurred in a claim , refurnish your home , put you up in another home while your home is being repaired , defend you in court when you have been sued , it might cost you a little more for your insurance . Your best bet to obtain the best value is talk to a professional to help evaluate your needs relative to your wants and budget .


Input: Need Cheap Home Owners Insurance?

Output: A home is one of the largest assets that you will probably own . If you want cheap coverage you will want a policy that pays as much as possible when you have a claim . The annual premium is immaterial if you have a fire , wind or other damage to your home . A trusted insurance agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . The agent will help you select appropriate limits so you can be satisfied when you have a claim .


Input: Does Home Owners Insurance Cover Personal Injury?

Output: Personal injury is very broad . Home owners insurance provides liability coverage for people that are injured on your property where you are found responsible for their injury -LRB- be aware there are some exclusions -RRB- . As far as your own injury most policy do include medical payments if you are injured during a covered loss . Every policy is different please read over your policy completely to know what coverage it provides or call your local agent to have them go over your policy with you to explain the coverage offered in it .


Input: Does Home Owners Insurance Cover Personal Injury?

Output: If by personal injury you mean libel , slander , defamation of character , etc , then the answer is a resounding maybe ! Some homeowners policies include coverage for defense of charges of personal injury in the liability portion of the policy , some policies offer it as an option and some do n't offer it at all . Under those circumstances , coverage may be afforded under a personal umbrella liability policy . Check with your insurance professional .


Input: Will Medicare Supplements Disappear Due To A Single Payer System?

Output: No , Medicare has been a single payer system for years . If anything , with possible cuts to some Medicare Advantage Plans , Medicare Supplements will become more popular . There is talk about changing the structure of some of the better plans to allow for more copay 's . Supposedly a person paying for a comprehensive Medicare supplement plan is `` over utilizing '' Medicare . But Medicare Supplements are here to stay .


Input: Will Private Health Insurance Cover Pre Existing Conditions?

Output: Great question ! One of the biggest changes from the Affordable Care Act was the shelving of the `` pre-existing condition '' exception that health insurers used to deny coverage . They are no longer allowed to deny you coverage . That does n't mean that all plans cover all things equally though , so I would recommend that you find a good agent to help walk you through the process to find a policy that is a good fit for you . A bonus ? The Act also eliminated lifetime caps on benefits . If you need help , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Will Private Health Insurance Cover Pre Existing Conditions?

Output: Private health insurance covers pre-existing conditions ... most of the time ! I 'll explain : When applying for coverage during Open Enrollment -LRB- assuming it is a qualified Exchange or Off-Exchange plan -RRB- , pre-existing conditions are covered and there will be no waiting period or surcharge applied . As an experienced health insurance broker -LRB- 33 years -RRB- , this issue is often discussed with customers and on our top-ranked websites . However , non-compliant plans , such as short-term policies , do not cover pre-existing conditions . If you miss Open Enrollment , these temporary plans are popular options .


Input: Will Private Health Insurance Cover Pre Existing Conditions?

Output: It depends on the plan benefits . Effective 1/1/2014 private health insurance carriers can no longer deny applicants due to pre existing medical conditions , but that does n't mean the covered services fall under the benefit details . Make sure to verify your benefits before enrolling in a plan to make sure your pre existing condition -LRB- s -RRB- are covered appropriately .


Input: Does Allstate Have Homeowners Insurance?

Output: Yes . Allstate offers multiple lines of insurance . Home , auto , business and life . If you are interested in getting Allstate insurance you should also consider bundling another product with it . The reason I say this is you can get a multi-line discount through Allstate that is pretty good . I am not an Allstate agent , but I have faced some serious competition from them due to the multi-line discount they offer . HOWEVER , I still must recommend contacting an independent agent to shop around for you . There are usually some regional carriers that can offer better prices with better coverage .


Input: What Happens When Term Life Insurance Ends?

Output: When term life insurance ends , the premium rises drastically or the policy simply ends . When the premium rises at the end of the term , it is no longer locked in and can raise annually . Rather than wait for the term to end and the premium to jump up , you might want to look into converting your policy to permanent life insurance . Whether you convert your policy to permanent before the term ends , or pay the new annually renewable premium at the end of the term , your premium will be substantially higher . But by converting you can lock in your premium for a longer period of time .


Input: What Happens When Term Life Insurance Ends?

Output: One of two things happens at the end of the term of term life insurance depending on the contract . One is the policy simply cancels and nothing else will happen . Second are more common is you will experience a steep premium increase usually 7 to 10 times the price . Some policies allow you to convert to a permanent whole life plan but could be expensive or you can just purchase another term life insurance plan assuming your health is still OK .


Input: What Happens When Term Life Insurance Ends?

Output: Depends on the company , but either way , not good . Either they end the policy and you are left with no coverage , or they continue it , but at a grossly higher premium . Best idea is to get permanent life insurance . That way continue to pay a fixed premium and you continue to be covered , never losing your money as you would if you ended term life . See your experienced agent . GARY LANE . Thank you .


Input: Can You Register A Car In Washington With Out Of State Insurance?

Output: Auto insurance is regulated from state to state . Insurance would be obtained in the same state that the vehicle is registered in . You would change your insurance to a policy issued in Washington .


Input: Is A Pension A Qualified Retirement Plan?

Output: Yes a pension is a qualified plan . Meaning you have not paid taxes on that money , so when you begin to take disbursements , it will be taxable @ your current income bracket . If you have not taken any distributions , you will be required to take a Required Minimum Distribution , or `` RMD '' , the year following your 70 & 6 months birthday.If you want to pass that money on to a beneficiary rather than use the money yourself . You can convert that fund to a Roth IRA , pay the tax now , & pass the money on to your beneficiaries later on.No RMD required in a Roth IRA . A living trust is the best instrument to insure that your wishes are carried out to the letter . A will is simply instructions to the probate court .


Input: Can I Borrow On My Life Insurance?

Output: A permanent life insurance policy -LRB- most commonly whole life -RRB- develops cash values to enable the policy to provide a level death benefit for a level premium for the whole life . The company will allow you to borrow against those cash values . They are guaranteed in the contract . The loan does not require anything except your request . You need not complete an application . The loan need not be repaid in any scheduled way . At death the loan will be repaid which will reduce the death benefit by that amount . There are permanent policies where the cash value is not guaranteed . These are most commonly called universal life or variable life policies . While similar provisions apply there is possibility that a loan will exhaust the value of the policy in which case the policy will lapse .


Input: Can I Borrow On My Life Insurance?

Output: Great question ! You can borrow from your policy if it has built up enough cash value . This typically takes a few years to start building a borrowable amount . The first couple of years repays the costs of the policy , and than it will start generating cash . The amount that you borrow will be charged interest , and if the loan balance becomes too large , it may cause the cancellation of your policy . Contact your agent to determine your cash value , and borrowable amount available to you . Thanks for asking !


Input: Can I Borrow On My Life Insurance?

Output: If you have some form of Permanent Life Insurance such as traditional Whole Life , come form of Universal Life or a Variable Life product to name a few examples , then these are products that not only provide a death benefit when you die , but also build cash value so long as you live and pay the premium . If you have a form of permanent coverage then , you may depending on the specific terms and conditions of your policy , be able to borrow from that accumulated cash . Remember a couple of key things about this . The Insurance Company will begin to charge interest on the amount borrowed so paying it back sooner rather than later protects the integrity of the plan much better . Further , if you die with an outstanding loan balance , the balance will be subtracted from the death benefit paid to your beneficiary .


Input: Can I Borrow On My Life Insurance?

Output: First it depends on the type of policy you have . If it is a term policy then the answer is no . If it is a cash value policy i.e. whole life , universal life , indexed universal life , then the answer should be yes over time . Most cash value policies take 5 to 7 years to build a cash value because of cost of insurance that must be covered in those first years . To borrow , you need to stay on a percentage basis that will not allow the policy to lapse and cancel unless you intend to repay the loan in a short time period . I recommend having your agent or insurance company run some illustrations of different amounts to keep your policy in force.Otherwise you are actually defeating your own purpose for the plan .


Input: Can I Borrow On My Life Insurance?

Output: You can only borrow money from a life insurance policy if it 's a policy that builds cash value - a permanent life insurance program . Permanent life insurance includes both Universal and Whole life insurance programs . Term life insurance does not build cash value and therefore there 's nothing to borrow from . The maximum amount you can borrow is up to the current surrender or loan value cited in the policy at the time you want to borrow from the cash value . Keep in mind , when you borrow money from the cash value , you are creating a loan against the policy -LRB- the funds are expected to be paid back and , much like you do when borrowing from a bank , an interest rate is being charged on the borrowed monies -RRB- . If the insured dies with an outstanding loan , the carrier will deduct the outstanding amount and any interest charges from the death benefit and give the difference to the beneficiary . Consult with your agent before borrowing from the cash value to find out what will happen when you create a loan against the policy and what you 're responsible for .


Input: Can I Borrow On My Life Insurance?

Output: This is a major reason people choose Whole Life over Term . You can not borrow against Term Life Insurance . It builds no cash value and ends at the end of the stated term . With Whole Life , you build cash value , which accumulates over time and never changes its premium . If you need the cash , for any reason , you can borrow against it , with a small interest charge , and , if you choose , never pay it back . The amount then is taken from the Death Benefit . There is no income tax payable for the money you take out of your policy for this loan . Thank you . GARY LANE .


Input: Does Homeowners Insurance Cover Yard Damage?

Output: Depending on your carrier there is some coverage for trees and shrubs and debris removal . I would recommend that you contact your local agent or read the coverage 's in your policy . The trees and shrubs coverage usually is not a very high amount of coverage but usually you have some coverage with most policies depending on your stes guidelines and also your carriers policy terms


Input: Can Schizophrenics Get Life Insurance?

Output: Schizophrenics can get life insurance through some simplified issue -LRB- no exam or medical records needed -RRB- , and all guaranteed policies -LRB- no health or risk questions asked at all -RRB- , provided that they meet the age requirements . Life insurance that requires an exam and medical records would not be available to a person with schizophrenia except in the mildest of cases .


Input: When Is Medicare Secondary Payer?

Output: If you are still working and your employer allows you to stay on the group coverage and you are 65 and enroll into Medicare then your group insurance is primary and medicare is secondary . What if you have medicare and medicaid-medicare pays first . What if you have retired and you have coverage through the group plan-Medicare pays first . What if you are disabled but your spouse is still working and you are covered by the grou plan-if fewer than 100 employees - Medicare pays first-if more than 100 employees-the group plan pays first . What if you have End Stage Renal Disease-during the first 30 months the group plan pays first and medicare secondary ; afgter 30 months Medicare pays first and the group plan is secondary . If you have End Stage Renal Disease AND Cobra - first 30 months Cobra is primary and medicare is seondary and after first 30 months Medicare is primary and Cobra is secondary . If your case is not shown just ask if your case is preimary or secondary on the internet


Input: How Do I Cancel My Whole Life Insurance?

Output: It would be a good idea to talk to the agent who sold you your Whole Life insurance policy , if he/she is still around , before making the decision to cancel your policy . If together you can not find a way to make it an affordable asset for you to keep , your agent can assist you in cancelling it and possibly finding you alternative coverage that better fits your situation .


Input: How Do I Cancel My Whole Life Insurance?

Output: You can cancel by calling the carrier . It 's ashame to cancel , since that defeats the purpose of a `` whole life '' policy . Be sure to you 're aware of the implications . For example , there may be surrender charges or tax implications if you have a `` participating '' policy -LRB- in which you receive shares of the company 's operating profits -RRB- . You may have cash value in your policy from which you could borrow money -LRB- maybe that would enable you to KEEP your policy -RRB- . Bottom line : if you cancel , ask about the implications of your particular policy .


Input: How Do I Cancel My Whole Life Insurance?

Output: First step , make sure you have the necessary coverage in place to indemnify your beneficiaries , who are exposed to economic liabilities you have generated before canceling your policy . Assuming you have real reasons to cancel your coverage ; be advised that any gain in the whole life policy with be treated as an ordinary income tax event in the year that the policy is surrendered . You may also suffer a net premium loss , which is more than likely not recoverable . With all that covered you can contact the service desk of the carrier and they will send you the necessary surrender documents to process the policy termination .


Input: Does Car Insurance Cover A Bicycle Accident?

Output: That is a good question . Car insurance covers bicycle accident . Let say you were driving at night and hit a person on his bicycle and he is injured . Your auto insuranc would cover the bicycle damage and the person on the bike if he or she gets hurt . Good question .


Input: Will Homeowners Insurance Cover A Hot Tub?

Output: Homeowners insurance will cover a hot tub for the same perils of the policy as the rest of your property . If the hot tub is connected to your home this would fall in as part of your dwelling coverage . If the hot tub is free standing outside then this would fall under other structure coverage .


Input: When Is Life Insurance Subject To Estate Tax?

Output: Life insurance is subject to estate tax when it brings the value of the estate -LRB- all assets , including the life insurance death benefit -RRB- over the exempted amount . Only the value of the estate that exceeds the exemption is subject to estate tax . The federal exemption for 2014 is $ 5,340,000 . However , some states collect state estate or inheritance tax with smaller exemptions . Life insurance proceeds are not included in the value of the estate when the life insurance policy is owned by a properly set up Irrevocable Life Insurance Trust . The ILIT must hold the trust at least three years before death of the insured .


Input: When Is Life Insurance Subject To Estate Tax?

Output: In Canada , if life insurance is paid to a named beneficiary , then the death benefit is not considered part of your estate and bypasses probate . Probate fees vary buy province . In Nova Scotia probate fees for example are : First $ 10,000 - $ 83 $ 10,000 to $ 25,000 - $ 209 $ 25,001 to $ 50,000 - $ 438 $ 50,000 to $ 100,000 - $ 973 Over $ 100,000 - $ 973 + 1.645 % of amount in excess of $ 100,000 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: When Is Life Insurance Subject To Estate Tax?

Output: In short , when it 's part of the calculation of the estate . The IRS code permits a unified tax credit to pass a certain value of property to a spouse without having to pay a tax . When you exceed that value -LRB- a taxable estate -RRB- , a tax is applied that must be paid within 9 months of death . If the decedent is single , the tax is due accordingly . If the decedent is married , the tax is due after the second death -LRB- death of the spouse -RRB- . A common course of action people take to minimize the estate taxes they will be subject to is creating an irrevocable life insurance trust -LRB- ILIT -RRB- . An ILIT is a legal document set up to distribute life insurance proceeds in a specific manner , depending on how the trust is designed . These trusts receive special tax consideration from the IRS that is not given to life insurance policies that would otherwise be owned by a natural person or revocable trust . Since the trust is irrevocable , the terms of the trust can not be changed . An ILIT can offer many substantial advantages to protect life insurance proceeds and help you distribute your property to your children at the least possible cost . Any life insurance policy you buy will require the same premium whether you put the policy in the trust or keep it outside of the trust . If you put the policy in the trust , the death benefit is not included in the calculation of the size of the estate - a substantial tax savings and key advantage in the estate planning process . If you keep the policy outside of the trust -LRB- e.g. , as owned by a natural person or a revocable trust -RRB- , the proceeds will be included in calculating the size of the estate you may inadvertently increase the size of the estate , and be subject to paying much higher estate taxes before any of the property can be distributed to your children or other beneficiaries . 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: Who Do I Complain To About My Health Insurance Company?

Output: I suggest that if you have a complaint or grievance with your health insurer , that you contact your State Insurance Department to file a complaint . Your State Insurance Department will be able to handle it , or at least direct your type of complaint to the right authority . Of course , these sorts of complaint filings are long and drawn out and can take anywhere from 90 days to 3 years . So , you might be better off trying to work with your insurer first and exhaust all of those procedures before going to the authorities . That way , if the insurer is being malicious or faulty , you have more evidence to support your complaint . And depending on the type of grievance you have , all insurer 's have appeals and grievance processes to resolve issues and avoid any legal battle -LRB- or bad reputation backlash with consumers -RRB- . If you have an insurance agent , take it to them first and have them help you file any paperwork with the insurer . If you do n't have an agent , you can contact the insurer yourself . But , definitely exhaust those option first , then go to your State Insurance Department . If they are unhelpful , then you could always go to the federal Department of Health and Human Services and/or Consumer Protection Agency .


Input: How To Get The Best Homeowners Insurance Rates?

Output: The very best Homeowners Insurance rates , for the most part , are enjoyed by homeowners who maintain their property and their credit scores . As best as you can , keep your property free from potential hazards , install a monitored alarm system and be sure that your roof , as well as electrical , plumbing and HVAC systems are replaced or upgraded as needed . Finally , talk to your Insurance Professional about available discounts especially for bundling your car insurance and other coverage with the same company .


Input: How To Get The Best Homeowners Insurance Rates?

Output: Unless you are buying a homeowners policy purely to satisfy a requirement , looking for the lowest premium might not be wise . An uncovered loss can be a tremendous shock to your finances and that is really the purpose of the policy . If you are looking to just drive down premium , take the highest deductible that the company will write . Everything else that will drive down the premium will cost more than you will realize in reduced premiums .


Input: How To Pick A Medicare Plan?

Output: If you are looking for a Medicare Supplement Policy -LRB- Medigap -RRB- , there are a few ways to find a Plan . When looking for a Medicare Supplement policy , an independent insurance agent will be able to shop the market and show you what is available in your area . Independent agents are not employed by insurance companies . This means they contract with many insurance companies allowing them to find the lowest premiums available . Their flexibility also means they can help you locate an insurance company based on a health condition as well . You can contact the insurance carrier directly in some cases . While this may seem convenient , it is often more expensive and you wo n't have an agent to help you with annual rate reviews . Captive agents work for one insurance company and can only offer Medicare Supplement insurance products from that company . Premiums can vary . What 's important to note is that you do n't have any choices because the captive agent ca n't shop the Medicare insurance market for you . Researching on the internet is an option , but can be time consuming . Also keep in mind that most insurance companies do not make their premiums available to the public and will only work with a licensed insurance agent . If you are considering a Medicare Supplement Policy -LRB- Medigap Plan -RRB- , you 'll want to make sure whoever you choose to work with will take the time to find out what plan will work well for you . Most people choose Plan F because it covers all Medicare approved bills and they do n't have to worry about deductibles , co-pays , co-insurance or excess charges . Lately , Plan G has been popular because it works just like Plan F after meeting the annual Part B deductible of $ 147 -LRB- 2014 -RRB- . Plan G 's premium is often lower than Plan F , making it more affordable for some . These are not the only Medigap Plans ... there are eight other Plans to choose from ... that is why it is wise to speak to an agent who specializes in Medicare Supplement insurance . Thank you for taking the time to read my reply . Please feel free to contact me if I can be of further assistance .


Input: How To Pick A Medicare Plan?

Output: Work with an independent Medicare insurance broker who can work with you on a personal level to help you determine which structure is best for your specific needs -LRB- MA or MAPD vs. Original Medicare + Medigap or Medigap and Part D -RRB- . Depending on cost tolerance , I generally suggest to my clients securing a Medicare supplement -LRB- Medigap -RRB- plan and a standalone Part D prescription drug plan to go with your Original Medicare coverage -LRB- Part A & Part B -RRB- . The advantage of this course of action is that it creates a very predictable healthcare expense structure instead of taking on the risk of receiving a massive bill for a hospital visit , procedure , examination , etc. . I hope the information is helpful - please feel free to contact me for assistance with your Medicare program and if you have any other questions . Thanks very much .


Input: How Does Life Insurance Make Profit?

Output: A life insurance company is like a bank in that it makes a profit from the services that it provides . State regulators assure that companies admitted in their states are not making inordinate profits . Much like a bank they bring together people with similar needs . They provide services to determine how to share the risk that affects all of them , death , collision , fire or something else .


Input: How Does Life Insurance Make Profit?

Output: That is a great question ! Insurance companies make profits much like banks do . They make money off of the products that they sell - all of the policies or annuities will have fees attached to them , that they can profit from . They also make money off the investments that they make while holding your money . They invest in things , just like we do . They can also make money by selling off or buying corporate assets , or divisions , much like corporations do . I hope that helps , thanks for asking !


Input: Does Health Insurance Cover Root Canal?

Output: A root canal is not covered under your health insurance plan . However , a dental insurance plan may offer some coverage , depending on the benefits you have . Although coverage on private plans may be somewhat limited for a root canal , grouppoliciesmay provide broader options . Good luck because getting a root canal is about as much fun as having ... well , youknow ... a root canal !


Input: What Is A Life Insurance Endowment Policy?

Output: A life endowment policy is a policy that guarantees that the guaranteed cash value will equal the face amount of the policy at at specified time . A whole life policy is an Endowment at 100 . Another example a $ 100,000 Endowment at age 65 plan would have a guaranteed cash value at age 65 of $ 100,000 plus any accumulated dividends . They were once quite popular , because of the guarantees and tax advantaged growth . New product advancements and changing tax laws have caused few -LRB- if any -RRB- companies to even issue them . -LRB- In Canada at least -RRB- . The notable exception are Whole Life policies which endow at age 100 -LRB- The face amount equals the guaranteed cash value -RRB- 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: What Is A Life Insurance Endowment Policy?

Output: That is a great question ! When your policy endows , it pays out , or the cash value has equaled the face value of the policy . For example , a policy that endows at age 100 will give the policy owner the option of taking the face value of the policy in cash at that point , or leaving the policy in force until such time as it is needed . I hope that helps ! Thanks for asking !


Input: What Is A Life Insurance Endowment Policy?

Output: Permanent life insurance policies are endowment policies . They all have an endowment date . That is the date when the face amount and cash value will be equal . It is also the date that the policy terminates . Short term endowments were quite popular savings programs in the past but are not as popular as they once were . However , if you want a specific amount of money by a specific date , an endowment contract might be the answer because it will complete itself if you dont survive to that date .


Input: Who Is Eligible For Medicare Part B Coverage?

Output: Individuals who reside in the United States and Puerto Rico who are eligible for premium free Medicare Part A are automatically enrolled in Medicare Part B . You can notify Medicare to not enroll if you choose . Medicare Part B is voluntary and has a premium . There is also and penalty associated with not enrolling when you are eligible without creditible coverage . A person who is not eligble for premium free Part A but is a citizen of the United States or a legal Permanent Resident that has lived in the United States for the previous 5 continuousyears is also eligible for Medicare Part B .


Input: Does Medicare Part B Cover Diabetic Supplies?

Output: Medicare Part B covers some diabetic supplies , including blood glucose testing monitors , blood glucose test strips , lancets , lancet devices , and glucose control solutions . People with diabetes may receive shoe inserts to prevent foot sores , and some may even receive therapeutic shoes . Medicare Part D covers syringes and other supplies associated with the administration of insulin .


Input: Can People With Epilepsy Get Life Insurance?

Output: Yes . Epilepsy is a disorder of the brain and nervous system involving repeated random seizures that occur without warning . If you have been diagnosed with epilepsy and are trying to purchase life insurance , the severity of the disease can have an effect on the rates you pay . Life insurance companies will want to know a number of factors to make an accurate risk assessment including : 1 . What age were you diagnosed with epilepsy ? 2 . Do you have Grand Mal , Petite , or Focal seizures ? 3 . When was your most recent seizure ? How many have you had in the last year , 2 years , 5 years , etc. ? 4 . Have you ever been hospitalized for epilepsy ? 5 . Are you taking prescription medication to control symptoms ? 6 . Are you a smoker or tobacco user ? 7 . What is your height/weight ? 8 . Any other co-morbid conditions such as diabetes , obesity , heart disease , etc ? If you have been diagnosed with epilepsy , you should NOT apply with multiple companies at the same time - this can work against you as it will act as a sort of red flag for the insurance companies -LRB- they will see that you 've applied for multiple carriers and what the outcomes were during the MIB check -LRB- Medical Information Bureau -RRB- -RRB- . The more companies that give you a table rating or decline coverage on a formal application , the less likely you are to get a better offer . I highly recommend consulting with an experienced life insurance broker who can shop your medical profile informally . I hope the information is helpful - please feel free to contact me for help and if you need any other questions . Thanks very much .


Input: Can People With Epilepsy Get Life Insurance?

Output: Yes , people with epilepsy can get life insurance . If you have not had a seizure in the past 2-5 years , you may even be able to get standard rate , depending on the type of epilepsy you have . If you are looking for a policy of $ 50,000 or less , you would probably be better off using a simplified issue policy -LRB- one that does not need an exam -RRB- . If you are looking for a policy of $ 100,000 or more , then you will probably want to try to get a medically underwritten policy , which will require better control of your epilepsy , but also will take into account some variables that a simplified issue policy may simply reject . Contact an agency that specializes in impaired risk , so that you can shop among carriers that are good for persons with health conditions . Epilepsy does not have to make you uninsurable . You just have to look at the right place to find an affordable policy .


Input: Can People With Epilepsy Get Life Insurance?

Output: Generally individuals with epilepsy or seizure disorder can obtain life insurance assuming they do not have other conditions that would lead to a decline of coverage . Most good independent agents with have access to multiple carriers that will offer coverage . There are questionnaires available that will give the underwriter a more complete picture of your illness and that will allow the agent to shop your case for the best result .


Input: Can People With Epilepsy Get Life Insurance?

Output: That is a great question ! Many people feel that they will be denied coverage if they have an issue with their health , and often do n't even try to get it , so I am very glad that you asked . Unlike health insurance -LRB- where until the passing of the Affordable Care Act , or Obamacare , as it is sometimes called -RRB- you could be denied , life insurance has policies for everyone . I would suggest that in your case , you contact an independent agent , -LRB- one not tied to a single brand name -RRB- who can help you shop for one that works best for you . You should not have a problem finding a policy that will work for you . Contact me if you need help , okay ? Thanks for asking !


Input: Does Primerica Sell Whole Life Insurance?

Output: No . Primerica is one of the companies that sells only term life insurance . Many people believe that you should only buy term and invest the difference so that by the end of the term -LRB- usually 20-years -RRB- you will be wealthy from your investments and no longer need life insurance .


Input: Do I Need To Carry My Medicare Card?

Output: If you are on Medicare and are currently covered by Medicare parts A & B then you should always have the card in your wallet . You need it anytime you go to the doctor or hospital . If you are covered by Medicare Part C -LRB- Medicare Advantage -RRB- you do not need to carry your Medicare card because your private health insurance company takes the place of Medicare .


Input: Do I Need To Carry My Medicare Card?

Output: For protection against medical identity theft , you should consider leaving your Medicare card at home . Instead , carry a copy of your Medicare card with you and blot out the last 4 digits of your Social Security Number . Leave your original Medicare card at home and carry the duplicate . You can read about Medicare identity theft and ways to protect yourself by reading the following article . WEBSITELINK


Input: Can Other People Drive My Car Under My Insurance?

Output: If a person is not listed on the same policy as you they are not covered by the policy just because they are driving your vehicle . Auto insurance typically follows the driver not the vehicle . This means if someone drives your vehicle and they have their own insurance coverage their insurance carrier would be the first to pay for claims from a covered accident that the driver was involved in . If the person driving the vehicle with your permission does not have insurance coverage then your insurance coverage would pick up in the event of a covered accident .