Input: Who Has The Best Permanent Life Insurance?

Output: The person with the best permanent life insurance plan is you , if your plan is in force at the full face amount . If you die your heirs are not going to care whether your plan had the best rate of return or the lowest net cost . They will be thrilled that you loved them enough to provide the death benefit that they received because the policy was in force . The best permanent life insurance is the policy that is in force on the day that you die . Regardless of premiums paid , the death benefit will normally be far greater . Permanent life insurance is much more likely to pay a death benefit as only a very small percentage of term life insurance policies result in a death claim . It is quite likely that the best permanent insurance life policy is the one that you purchased several years ago . In this situation , the older , the better . As a policy gets older the increase in cash value each year approaches the premium , making the actual cost of the policy negligible . It is quite likely that the best permanent life insurance policy is the one that you purchased when you were in better health . If you can only get rated life insurance now , then obviously , a non-rated policy would have been better . Many companies offer preferred and extra-preferred rates to individuals , who meet certain weight guidelines , are free of a history of certain diseases and exhibit other healthy characteristics . Over a life time these discounts are significant . The best permanent life insurance policy is one that doesnt have any loans against it . Loans are perfectly acceptable , however , they do accrue interest and they also reduce the death benefit . While a loan may be appropriate , paying back the loan is also a good idea . The best permanent life insurance policy is the one with an up to date beneficiary . A remarkably high number of policies are paid to the wrong person every year . This person isnt wrong according to the law ; however , it is not the person that the owner of the policy wished to receive the benefit . The best permanent life insurance policy is the one purchased from a knowledgeable life insurance agent . This is an agent who has been recommended to you . This agent should listen carefully to you and provide solid financial advice . When the agent makes recommendations they should be in the form of a plan that you can handle financially . It doesnt do any good to start a plan only to later discontinue the plan . The best permanent life insurance policy is the one which is reviewed each year with that same knowledgeable life insurance agent . If there are changes necessary the agent can take care of them quickly saving you consternation later . Since additional protection might be necessary to meet your changing requirements , the agent can give solid advice on how best to cover those needs . The best permanent life insurance policy isnt the result of the superior results of an insurance company . Every company admitted in your state has been scrutinized by your insurance commissioner . Your insurance commissioner is charged with administering the insurance companies admitted or domiciled in your state . In particular , the commissioner is interested in making sure that the insurance companies can keep their promises . In the end that is what you want , a promise kept . The best permanent life insurance policy is the one that you already own or the one that you will purchase soon .


Input: Who Has The Best Permanent Life Insurance?

Output: There are different types of permanent insurance : Whole Life , Universal Life , Indexed Universal Life , and variable products . Then there are variations to each of these . Every product is designed to work best for a specific type of person , and specific purposes . The best way to know which is the best for you is to contact an agent , explain your goals for your policy , tell them your health details , and let them shop for you . You are going to have this policy for the rest of your life . Consult a professional and get one that accomplishes your goals at a cost that you can afford .


Input: How To Get Life Insurance License?

Output: To be authorized to sell life insurance within the United States you typically need to go through testing that is state specific . I would suggest starting with the website of your state 's commissioner of insurance . This site should have an area dedicated to licensing . This will be where you would find out more information about becoming licensed to sell life insurance .


Input: How Long Does It Take For Auto Insurance To Pay Out?

Output: Assuming you are referring to an accident that involves damages to your vehicle , the time frame could be as little as the same day or longer . Typically , you contact your own agent , and depending on the circumstances , the agent representing the other driver involved in the accident . The facts surrounding the incident must be reviewed by the insurers to determine who was at fault and other pertinent facts . Often , if there is a clear consensus of what happened -LRB- a police report helps -RRB- , an adjuster or a drive-in claims center can present you with a check very quickly ... possibly within 24-72 hours . If their is bodily injury involved , and/or personal liability , the length of time it takes to receive a payment will be much longer .


Input: Does Disability Insurance Cover Alzheimer?

Output: I would believe that if a person were to become medically disabled due to the medical diagnosis of Alzheimer 's Disease , that yes the claim would be paid . The challenge will be most disability policies end around age 65 years old and some extend to 67 years old . The average age of Alzheimer 's Disease progressing to a disability is much older .


Input: How Much Is A Medicare Part B Premium?

Output: For most people , the 2014 Medicare Part B premium will be $ 105 per month . There are cases where you will pay a higher premium if you are still working and make more than a certain amount per year . The Part B premium is then tiered based on the level of annual income you have .


Input: How To File Disability Insurance Claim?

Output: First , if you are filing a disability claim , contact your broker or agent if you have one . They should have the contact numbers and will be able to get you the claim form . If not , call the company where the policy is and tell them you need to file a claim . They will ask for your policy number and verify who you are . Then they will either email or mail a form out to you which you may be able to email back if not regular mail . It is a process but feel free to ask them questions so you are in the loop . It may take a bit of time before you start receiving your benefits .


Input: Can One Person Have 2 Car Insurance Policies?

Output: On the same vehicle ? No . Because how would you decide which company had to pay out if there was a claim ? On separate vehicles , for example if you had a convertible you like to take out on the weekends and did n't want it on your family policy , that would be fine .


Input: Can One Person Have 2 Car Insurance Policies?

Output: You can have two auto policies but not on the same car . I have many clients that own small business and they have a business auto policy and a personal auto policy which then gives them a multi policy discount on the personal auto and cost them much less per auto and the business auto they use the insurance premium as a business expense on their taxes .


Input: Is There A Waiting Period For Disability Insurance?

Output: Most individual disability polices require the selection of an elimination period or waiting period before benefits begin . The longer the elimination period , the cheaper the premium will be . Most working Americans have about 90 days in their cash reserves , so a 90 day elimination period is a popular choice .


Input: Is Medicare Part D Government Funded?

Output: Medicare Part D , otherwise known as the Medicare prescription drug benefit , is a government subsidized program that was part of the 2003 Medicare Modernization Act . The MMA did n't go into effect however until 2006 . Medicare Part D is available to Individuals as long as they are signed up for Part A and Part B . Once in force there are two plans to choose from depending on whether there insurance is private or public . As a rule of thumb , not all medications are covered under Medicare Part D . In addition , the program delivers a strong incentive to choose generic drugs over name brand drugs . 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: What Is The Best Auto Insurance Score?

Output: This is really dependent upon the company through which you 're insured . Not all companies use the same scale when it comes to insurance scored . There are many different ways to use financial data to compile an insurance score , and each company gets to choose how it 's calculated . The funny thing is that they probably ca n't tell you how it 's calculated because they probably do n't know . They 'll pay an outside vendor whose business is to compile this data into a score , and there are many different models by which they do this . I 've seen scores as high as 900 and as low as 400 . However , this does n't really mean anything until you can determine what your score means to your premium . Every company applies credits to a different degree . For some , 600 may be a big discount . For others , 600 is considered rather low . it all depends on your company and how they apply credits . In general , your insurance score will follow your credit score , the higher , the better . To find out how that applies to you , talk to an agent you can trust and they 'll explain how it works for your company .


Input: What Is The Purpose Of A Medicare Cost Report?

Output: Medicare is the largest health care financing program in the United States and the data collected and assimilated by Medicare is invaluable . Formerly known as HCFA -LRB- health care financing administration -RRB- , the cost reports provide data that is used by health insurance actuarial firms and insurance carriers in setting health insurance base rates .


Input: How Many Years Of Term Life Insurance Do I Need?

Output: I do n't want to be a smart-alec , but how many years are you going to live ? -LRB- Sorry ... I did it anyway ! -RRB- Term life insurance is typically best suited for temporary risks such as a mortgage or larger credit loan . Term insurance is strictly insurance against dying too soon , so how many years of term you need would depend on who you 're protecting against your dying . Would the insurance be for paying of debts so your family would n't be stuck with them ? Will your children be able to care for themselves financially in 10 years ? Fifteen years ? Twenty ? If you want to be able to take advantage of the tax benefits and guaranteed tax-free wealth growth that life insurance can provide you need to look at Whole Life rather than Term .


Input: How Many Years Of Term Life Insurance Do I Need?

Output: To calculate the number of years of Term Life Insurance you need , it is helpful to look at the important events in your life and work around those . E.g. . When will your kids graduate from college ? Ending your policy shortly after that event is a popular choice . Others choose to pick a term that will end when they retire . Or when their school loans are paid off . You get the picture . Just keep in mind that you can always drop your policy if you no longer need it . It is better to err on the side of getting a `` too long '' term than a `` too short '' one .


Input: How Many Years Of Term Life Insurance Do I Need?

Output: How many years before your family is totally prepared to pay ALL the bills if you are gone ? And will you be willing to exhaust your estate so they can pay them ? Or would you rather have the insurance pay those bills for them , allowing them to enjoy your estate ? In other words , do n't you think your family will need that money many years into the future , even if you have grown your bank account ? Life insurance is also a great way to pay on an inheritance tax free , if you go with permanent life insurance rather than term . Talk with your agent for more suggestions . Thank you . GARY LANE .


Input: When Do You Have To Sign Up For Medicare?

Output: The typical enrollment into Medicare . During the seven month period that starts three months before the month you turn 65 , includes the month you turn 65 , and ends three months after the month you turn 65 . If youre disabled before age 65 , you may be eligible as well .


Input: When Do You Have To Sign Up For Medicare?

Output: If you are already receiving Social Security benefits you will be automatically enrolled in Medicare at age 65 . If you are still working and have not yet opted to receive Social Security , and if your group health plan is not going to cover you any longer , you should apply for Medicare about 3 months before your 65th birthday .


Input: Is A Bike Covered Under Renters Insurance?

Output: Most personal property , including a bicycle , is covered under a renters policy . Recovery is reduced by the deductible . There are some types of property that are restricted such as jewelry , guns , collections and cash . Bicycles are not in the restricted category . If the bicycle is stolen while away from the residence it is subject to a limitation of ten percent of the insurance amount in most cases .


Input: Is Maternity Leave Disability Insurance?

Output: Maternity leave is the time taken off of work to delivery your baby and care for your newborn during it 's first weeks of life . Short Term Disability insurance is the type of coverage that covers that time off by paying the new mother part of your regular wages . It is also called `` sick leave '' by some businesses .


Input: How Much Does Life Insurance Cost In Alabama?

Output: Life Insurance premiums are identical from state to state when comparing company , age , health category and other significant information that are taken into consideration during the underwriting process . You will find that not each policy is available in each state . Also , the state of New York uses different carriers than other states , however prices are the same or similar .


Input: Is Long Term Care Insurance Worth Buying?

Output: Is long term care insurance worth buying ? The answers going to depend on the individual and what they need rather than a blanket answer . What Long Term Care insurance does is create money on demand to pay for services . The value of the insurance is based on the desire not to liquidate other assets to pay for services . You do n't have to buy LTC coverage , but if you have anything of value , it sure is worth the thought .


Input: Where Can I Buy Life Insurance On My Parents?

Output: Particularly in traditional communities the cost of a funeral can be very high . It isnt unusual for people to discuss this situation with their parents . The life insurance can be looked as an installment purchase . Everyone knows how much final expenses will be . Those responsible can use a life insurance policy to make sure that the money will be there when it is required .


Input: Where Can I Buy Life Insurance On My Parents?

Output: You can buy life insurance on your parents pretty much anywhere you can buy life insurance on yourself . If you are looking for final expense coverage for them -LRB- permanent policies with face amounts under $ 25,000 and offered to people up to age 80 or 85 -RRB- there are websites that cater to that type of clientele .


Input: Where Can I Buy Life Insurance On My Parents?

Output: As long as your parents are aware of the transaction and can sign the application then any company will allow you to take a policy out on your parents . To take a policy out on another individual you must have insurable interest such as family in this case , and the other party must be aware of and consent to the transaction .


Input: Does Long Term Disability Insurance Make Sense?

Output: Long Term Disability Insurance makes sense in that it is not uncommon for persons of all ages to suffer an illness or injury that causes them to be off work for an extended period of time , and most wage earners can not go over a few months without a salary without serious repercussions . Long Term Disability Insurance does not replace all the income lost , but it can help prevent the situation from reaching crisis status .


Input: How Do I Get Obamacare?

Output: You 're generally getting your health insurance coverage from one of two places , the individual market or your spouse 's group coverage . If you qualify for a subsidy , you would want to look at health insurance ON the exchanges - subsidies can only be used for on-exchange policies . The first open enrollment period under the Affordable Care Act ended on March 31 , 2014 . If you 're looking for an individual policy , you will need a special enrollment period -LRB- a qualifying `` life-changing event '' -RRB- to purchase a plan outside the open enrollment period , otherwise you may be subject to paying a penalty . The penalty in 2014 is the greater of : 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 figures will change in future years . Consulting with an experienced broker is always a great first step to learn more about plans available in your area and discuss and compare quotes . Please feel free to contact me for further assistance . Thanks very much .


Input: How Do I Get Obamacare?

Output: Obamacare -LRB- Affordable Care Act -RRB- is available to most persons under the age of 65 that have household income below Medicaid-eligibility levels . The easiest way to get Obamacare coverage is through an experienced broker and their top-rated website . That 's our specialty . You may qualify for a federal tax subsidy that drastically reduces your premium during Open Enrollment . Off-Exchange plans can also be discussed . Obamacare is here and a free quote takes only a few minutes . You might be shocked to learn how affordable rates are .


Input: What Is Supplemental Life Insurance Coverage?

Output: `` Supplemental life insurance '' coverage refers to the life insurance an employee might choose to purchase to supplement the amount that he/she is provided by his/her employer . It is purchased at group plan costs . Supplemental life insurance does not have the tax benefits of the first $ 50,000 of employer provided life insurance .


Input: What Is The Advantages And Disadvantages Of Life Insurance?

Output: Your question , `` What are the Advantages and Disadvantages of Life Insurance '' is a good starting point of inquiry . However there are several different types of life insurance and some additional options of the kinds of providers . I would say that the universal advantage that all the types of life insurance have is that they will pay a cash benefit to the beneficiaries of the policy that has a much greater value than it 's monetary cost . That is - as long as the policy is in force , and if the policy is a `` Universal '' life policy that the premiums must have been kept up with the pace of the increasing `` cost of insurance '' . And that 's what I hate about `` Universal '' life policies and would definitely count that as a DISadvantage . The greatest Advantages all around are achieved with Participating Whole Life policies with Mutual companies . The only thing that could be considered a disadvantage in these policies would be the higher premiums paid compared with Term policies . But that 's like comparing carrots to Filet Mignon . WHole life policies carry a much greater benefit -LRB- face/death value -RRB- than their cost . They also accumulate tax-free Cash Value that may be used , tax-free and even provide an income for retirement years . Participating Whole Life with Mutual companies are also eligible for Dividends in addition to the Guaranteed tax-free compounding interest paid to the cash value . And as long as the premiums are paid as agreed the policy will never expire . And the premiums will never increase . Also with these participating policies your benefit amount may increase over the life of the policy . Term and Universal policies do expire and that would be a disadvantage . With Term policies there is never a cash value , and with Universal policies there can be a cash value that grows for a number of years , but then it will usually be devoured by the increasing ` cost of insurance ' . All disadvantages . For more information see WEBSITELINK


Input: What Is The Advantages And Disadvantages Of Life Insurance?

Output: Three big advantages of having life insurance , in my opinion , are : 1 -RRB- It provides a fairly quick cash payment to your beneficiaries at a time of great sorrow , stress and financial need . 2 -RRB- The funds are income tax free and do not have to go through probate . 3 -RRB- Leaving life insurance speaks from the grave of what a responsible and loving person you were . Three disadvantages are : 1 -RRB- You need to keep track of the how many policies you have and let others know where they are at . 2 -RRB- You need to make sure the insurance company knows your current address . -LRB- and bank , if auto withdrawal -RRB- , or you could lose your policy by missing payments 3 -RRB- People sometimes do not understand the advantageous features of their own policies .


Input: What Is The Advantages And Disadvantages Of Life Insurance?

Output: The advantages of life insurance can be significant if applied correctly to the planning need in behalf of the policy insureds beneficiaries . The tax advantaged features and the economic leverage of life insurance is unique among financial products . In addition , a TAMRA compliant non modified endowment policy can generate tax free distributions as long as the policy is kept in force for the life of the insured . The disadvantages of life insurance are zero . As a product , it can be misapplied , misunderstood , but not a disadvantage .


Input: How Quickly Does Life Insurance Pay?

Output: Usually fairly quickly provided the Beneficiary has the Death Certificate for the deceased . Sometimes a company will accept an obituary or some other proof of death , but usually they want the actual certificate . After they receive it , most companies will send you a check within 2-4 weeks max . If there are suspicious circumstances around the death it could hold up the process .


Input: How Quickly Does Life Insurance Pay?

Output: To add to what Tyler said , the first concern many people have is how to pay for funeral expenses . Most funeral providers will accept a `` collateral assignment '' against the life insurance proceeds . This is a lien filed immediately with the insurance company that provides that the funeral provider be paid first directly from the insurance company with the balance of proceeds going to the beneficiary .


Input: Why You Should Have Long Term Care Insurance?

Output: The reasons for having long term care insurance are both physical and mental . Physically , long term care insurance protects your assets from possibly having to be dissipated and the funds spent on long term care services . It also gives you more choices in your care , which could result in a more favorable physical outcome . These same points provide emotional relief for both your and your loved ones who are concerned about how they will care for you if such care is needed .


Input: When Is Renters Insurance Needed?

Output: The short answer to this is whenever you enter into a rental or lease agreement for the residence in which you live . Renters insurance provides two primary areas of protection . First , it covers your personal belongings in the event they are lost or damaged in a covered peril such as fire , theft , etc. . Second , through the Liability portion , it protects you in the event you are responsible for the injury of another or damage to another person 's property .


Input: Who Qualifies For USAA Homeowners Insurance?

Output: USAA was formed by military officers for military officers and enlisted personnel . Anyone who is currently in the military , or retired with an honorable discharge can join . There are ways to join if you are n't or were n't in the military . These are : One of your parents was in the military and has purchased an auto or home policy ; You are a widow/widower or former -LRB- unremarried -RRB- spouse of a member who had purchased auto or home insurance ; Attending one of the service academies or in advanced ROTC at a college/university . I 'm not sure how many generations a membership can be passed down . I have a membership through my father-in-law who served in the Navy during WWII , and my son has a membership through me and my wife . I think a membership can only be passed down two generations , but I do n't know that for sure . It 's a great organization . If you are eligible , I strongly recommend you join . They have lots of great benefits besides insurance .


Input: What Does Zurich Home Insurance Cover?

Output: In Texas , we have a website called OPIC -LRB- Office of Public Insurance Counsel -RRB- which is not affiliated with any insurance company . There you can see what coverages are offered and compare policies from multiple companies . If you are not in Texas , perhaps your state has a similar website .


Input: Can You Get Long Term Care Insurance If You Are Over 80?

Output: Although it was once possible to consider those in their early 80s , and while rate tables may still exist , the insurers have effectively stopped issuing at these ages . To keep premiums low , insurers are marketing to younger ages and doing what they can to increase their business volume at younger ages . This is especially important for them at a time when long term investment yields at insurers have fallen to extreme levels ,


Input: Can Car Insurance Pay For Repairs?

Output: There are two different policy types that may pay for repairs : auto insurance , and vehicle warranties . Traditional auto insurance may make claims payments to repair your car after an accident . You may need to file a police report and describe how the accident occurred . Vehicle warranties help pay for repairs caused by manufacturer defects . If your car breaks down the vehicle warranty may pay for the repair . Normal wear and tear is rarely covered -LRB- brake pads , oil changes , tire wear , etc. -RRB- .


Input: How Long Does It Take To Pay Off Whole Life Insurance?

Output: The obvious answer is your lifetime . The whole life policy is actually an endowment policy and does have a maturity date -LRB- 100-120 . -RRB- If you reach that age the company will no longer require premium payments . Permanent insurance has tremendous flexibility and if you want to quit paying at some specific age , a current policy can become paid-up for a reduced face amount .


Input: How Long Does It Take To Pay Off Whole Life Insurance?

Output: It depends on how the contract is setup . There is premium off-set where the cash value pays the remaining premium to maturity after a number of years . I usually build policies that will off-set at age 60 . There is a paid-up or limited pay policy that can be 5 years , 7 years , 10 years or whatever years you want it to be . There is also paid up at 65 or at whatever designated age . Whole life from reputable companies can be built to be as flexible as possible given that the base premium is paid .


Input: How To Get Proof Of Renters Insurance?

Output: If you have already purchased renters insurance , you can ask your agent for a copy of it . When you get your annual renewal notice there should be a copy of your current coverages which should be good enough for your apartment manager . Some companies will allow you to print proof of insurance on their website .


Input: How To Get Proof Of Renters Insurance?

Output: The insurance policy itself is proof of insurance . Most interested parties will accept a copy of the declaration page of the policy . Your insurance company will normally provide proof of insurance on request .


Input: Who Is Reassure America Life Insurance Company?

Output: Reassure America Life Insurance Company was acquired by Valley Forge Life Insurance Company in 2007 . Valley Forge is a subsidiary of CNA Financial Group . To contact Reassure America about a life insurance policy issued in the past , you can call or email CNA at 800-437-8854 or cna_help@cna.com . They are located in Nashville , TN .


Input: Does The Army Provide Life Insurance?

Output: Im not sure if there is any free coverage . If there is it is a small amount . But all members of the military are eligible for subsidized coverage through the Department of Veterans Affairs . The program is called SGLI -LRB- Service-members Group Life Insurance -RRB- . It is super cheap and all members of the military should take advantage of it . It is a flat rate regardless of age/tobacco use/health . $ 400k costs $ 27/m When you retire you can convert it to the veterans group life plan . WEBSITELINK


Input: Does The Army Provide Life Insurance?

Output: The government has been concerned about military families for a long time . During the second world war a program was initiated the provided life insurance for GIs . The program was voluntary but all of the costs were underwritten by the government . The end result that those who purchased those policies had great benefits at minimal cost . Later Servicemans group life insurance -LRB- SGLI -RRB- became the program and this is a term life program that is extremely competitive and is available to servicemen and women without medical information .


Input: Does The Army Provide Life Insurance?

Output: I do n't think the army will provide life insurance for free but there are several companies that work directly with military families to provide life insurance that does not have war exclusions . The Armed Forces Benefit Association is one of them -LRB- AFBA -RRB- . -LRB- 5-Star Life -RRB- The United States Automobile Association is another -LRB- USAA -RRB-


Input: Does The Army Provide Life Insurance?

Output: Yes , the Army does provide life insurance through the Veterans Administration called SGL -LRB- Servicemembers Group Life Insurance -RRB- . You are automatically enrolled for $ 400,000 of life insurance at group rates . If you do not want that much , you can take less -LRB- in increments of $ 50,000 -RRB- , or you can decline the coverage altogether .


Input: Which States Offer No Fault Auto Insurance?

Output: Most states are not no-fault states . However , there are a handful of states that are considered `` no fault . '' Based on my 32 years of experience in the business -LRB- and I do make mistakes ! -RRB- , I believe these states are no fault . But you can always check with the State Dept. Of Insurance to verify : Pennsylvania Florida Michigan New Jersey Utah Minnesota North Dakota Kentucky Massachusetts Hawaii Minnesota New York


Input: Does Medicare Cover Eye Care?

Output: Medicare will cover disease of the eye such as cataracts or glaucoma . It does not cover general eye exams or eye wear . It will pay for prescription glasses after cataract surgery or some other types of surgery that is deemed medically necessary . Your Ophthalmologist will generally know if a procedure will be covered or not .


Input: Is Disability Insurance Long Term Care Insurance?

Output: Is Disability Insurance Long Term Care Insurance ? No , these are two different types of insurance policies with different triggers for payout . While both create a pot of money for the insured to use , the requirements that need to be met to trigger these pools of money are different . For long term care insurance the trigger is usually the inability to do 2 or more of the average daily life activities . Disability 's trigger is usually the inability to do the material duties of your job .


Input: Is Disability Insurance Long Term Care Insurance?

Output: No , Disability Insurance is not the same as Long Term Care Insurance . Disability Insurance provides a benefit if you are unable to work at your job due to illness or injury . Long Term Care Insurance provides a benefit if you are unable to perform some ADL 's for an extended period of time . With LTCI , it does not matter if you have a job or not . In fact , most people are not employed when they collect Long Term Care benefits , because it takes significant impairment to trigger the payments . On the other hand , you can not get DI unless you are employed and receive a paycheck . If you have a same occupation feature on your Disability Insurance policy , it will pay you a percent of your income even if you could work at a lower paying job .


Input: Is Disability Insurance Long Term Care Insurance?

Output: Generally speaking when most agents talk about disability insurance they are talking about long term disability insurance .


Input: Is Disability Insurance Long Term Care Insurance?

Output: Disability Insurance is not the same as Long Term Care Insurance . Disability Insurance pays you a portion of your income if you are unable to work due to a disabling injury or illness . The benefit is a percent of your salary . Long Term Care Insurance pays you a cash benefit to use for your extended care needs if you meet the qualifying triggers , which include the inability to do at least two Activities of Daily Living -LRB- ADL 's -RRB- . The dollar amount of the benefit is chosen at the time you purchase the policy .


Input: What Do I Need To Know To Get Home Insurance?

Output: Typically you would need to know when the home was built , the square footage of the home , size of the basement -LRB- whether it is finished or not -RRB- , the garage size -LRB- whether attached or detached -RRB- , the type of siding on the home , the type of shingles on the home , heating sources , how many units , any decks or porches , and more . This is just the major items that come to mind to begin the process . Each company that provides coverage has there own set of requirements that they use to determine the homes re-construction valuation to attempt to ensure that you are properly insured . Contact your local agent and they will assist you with what is required to get you a proper quote with their company .


Input: Who Has The Greatest Need For Life Insurance?

Output: Video Transcript : Who has the greatest need for life insurance ? Everybody that has beneficiaries that they want to indemnify , cover , or protect from their own indebtedness . Maybe you have a mortgage ; maybe you have credit card debt or auto debt . You may have future obligations like college or retirement . Whatever you want to protect , you want to be able to make sure your beneficiaries receive the tax-free benefit of life insurance proceeds to take care of those obligations so that they 're not saddled and suffer through financial liabilities that you incurred or you created . Remember , just a heads up ; you may even want to create this for charitable intent . Whatever your reasons are , who has the greatest need ? People have the greatest exposure .


Input: Who Has The Greatest Need For Life Insurance?

Output: Those who have the greatest need for life insurance are people with few assets , but many financial responsibilities . In other words , if they died , the loss of their income would leave a gaping hole in the financial welfare of those they left behind , because there would be nothing else to replace it . Life insurance is a low cost way of covering that need .


Input: Who Writes Homeowners Insurance For Geico?

Output: Geico only writes personal auto insurance . They do not write homeowners insurance . This can be a competitive disadvantage to Geico because many insurers offer multiple policy discounts . What this means for you , the consumer , is you get a discount on your premiums if you have your auto and home insurance with the same company . To offset this competitive advantage , Geico has arranged partnerships around the country with insurers that specialize in homeowners insurance . This partnership gives Geico the ability to match the multiple policy discounts other insurance companies offer . Their partnerships are with different companies around the country . So to find out which insurer is partnered with Geico , you need to contact Geico dirrectly . Why do insurance companies do this ? For several reasons . It is cheaper for an insurance company to service multiple policies with the same customer than one policy . So they pass on the savings in overhead to the customer . Sometimes the insurance company uses the two policies to subsidize each other . So if you have an accident with your car , the premium the insurer gets from your home insurance can sometimes subsidize the bad loss experience on the auto policy , and vice-versa .


Input: What Does Home Hazard Insurance Cover?

Output: Homeownersinsurance often called hazardinsurancehas three -LRB- 3 -RRB- policy form types known as Basic , Broad and Special . Basic form will cover Fire Lightning InternalExplosion Windstorm or Hail Explosion Smoke Aircraft or Vehicle Riot or Civilcommotion Volcanic eruption Vandalism Broad form will cover all the above and add : Burglarydamage Falling Objects Weight of Ice and Snow Water Damage by pipes bursting -LRB- pipe itself is not covered for this peril -RRB- Discharge , overflow steam Freezing of plumbing Artificiallygenerated electricity Special formcoverseverythingexcept that is not specifically excluded : Below or the most common exclusions Ordinance or Law Earthquake Flood Power failure Neglect War Nuclearhazard intentional act Insects orVermin Special form has two type of form known as HO3 and HO5 in which you can increase or add specifically limitedcoverage ` ssuch as jewelry . Talk to your local agent so he can access your specific needs for homeownersinsurance . Your home is one of your most importantassists and needs to be properly protected .


Input: What Retirement Plan Is Right For Me?

Output: What retirement plan is right for you ? The right plan for you is going to be the one `` you '' actually do . Waiting around for perfect or the plan , simply wastes time . Wasting time is the biggest downfall for most people when it comes to retirements . Personally I do n't care if it 's a passbook savings account or a 401 -LRB- k -RRB- or anything , if you fail to do anything , you simply wo n't have anything . There are many options both qualified and non qualified out there to choose from . Read up and pick one that works for you and that you WILL fund . In my profession I 've seen agents make fun of little old ladies with a couple hundred thousand in a savings account . They would comment on how stupid these ladies were ... Me ? I thought they were smart . Yea , sure lots of different things they could have done , but they saved and they saved some more . They had something because they saved something . It 's the habit of saving rather than the plan . Lots of people have `` plans '' with no money in them .


Input: Is Medicare Part B Worth The Cost?

Output: Like most other forms of insurance , you may not feel the premium is worth paying ... until you need it . Homeowners insurance is a total waste of money until you have a major insured loss . Medicare Part B covers much more than a doctor visit . Also covered are diagnostic tests such as MRI and CT scans as well as infusion therapy . Consider a Medigap to cover Part B deductibles and coinsurance .


Input: What Does Medicare Pay For Nursing Home Care?

Output: Medicare pays for the first 20 days of a * qualified stay in the nursing home , and then it will pay all but $ 152/day to day 100 . After day 100 , the only nursing home care that is paid is what would have been paid if the recipient is not in the nursing home . I.e. Drugs and durable medical equipment , doctor visits , hospital stays , and other qualified products and services . * To be a qualified stay , the patient must have been in the hospital for at least three days for the same condition for which they are going to the nursing home . The health condition must be medically determined to need skilled nursing care from a Medicare approved facility . Without these qualifiers , Medicare will not pay any part of the nursing home care , except that which they would have received if they not in a nursing home .


Input: What Do You Get With Health Insurance?

Output: Peace of mind and most importantly , protection against financial loss due to an unexpected illness or accident . Health insurance is actuarially designed to minimize risk exposure for the insured in the event of healthcare costs from services rendered . In addition to off-setting your exposure often times plans will include day 1 benefits such as office visit co-pays , prescription drug co-pays and wellness benefits .


Input: What Do You Get With Health Insurance?

Output: The notion of getting peace of mind with insurance comes from the direct purpose of buying insurance - protecting yourself from a catastrophic financial event by shifting the risk to a third party -LRB- the insurance company -RRB- . When it comes to health insurance , you know you 're only exposed to such a high amount in a given year - known as an annual out-of-pocket maximum . Other than your premium , you will not pay more in healthcare expenses than this amount in a given year . A great example of when you might encounter a very expensive financial event for health insurance purposes is surgeries .


Input: What Do You Get With Health Insurance?

Output: It will depend upon what level of health insurance you purchase . Assuming you purchase major medical health insurance , it will now have to be in compliance with the Affordable Care Act . That said , what you may be purchasing can range from a `` Platinum '' level plan with very low out-of-pocket expenses for virtually all areas of health care to a `` Bronze '' plan that may not provide you any coverage at all until you have paid for more than $ 6000 in health care expenses out of your own pocket . One thing that is consistent across the four levels of health insurance plans now available -LRB- Bronze , Silver , Gold & Platinum -RRB- is that a wide range of preventive health care services will be covered at 100 % with no cost sharing by the subscriber . Yes , you are also buying `` peace of mind '' that in the event of a serious illness or injury that your personal financial exposure is limited to that $ 6000 + number each year -LRB- which will increase in future years -RRB- and you also are now buying guaranteed access to health insurance with no pre-existing condition exclusions or limitations . In the abstract I think everyone agrees that these are good things . However , depending upon your income level what you may be buying may or may not be viewed by the individual as affordable to them . Having recently completed the first open enrollment season under ObamaCare it has surprised me how many people , even ones qualifying for substantial subsidies of their monthly health insurance premiums , still elected to remain uninsured . Clearly , the perceived value proposition of what you get from buying health insurance has a very subject answer that varies greatly from one person to the next .


Input: What Do You Get With Health Insurance?

Output: The benefits under each plan varies by company and metal level -LRB- bronze , silver , gold , and platinum - there 's also a catastrophic plan available to individuals under age 30 -RRB- . However , every plan has a set of 10 essential health benefits that they must meet , but carriers have the option to offer coverage above and beyond the essential benefits -LRB- the metal level is the big indicator on that -RRB- . The essential health benefits that every plan must meet are : 1 -RRB- Ambulatory Patient Services Health care services without being admitted to a hospital -LRB- e.g. visiting a doctors office or a clinic , home health services , and hospice care some plans may limit home health and hospice care benefits to no more than 45 days -RRB- . 2 -RRB- Emergency Services Care of conditions requiring immediate treatment -LRB- typically at an emergency room -RRB- , including ambulance transportation . You also cant be penalized for going to an out-of-network hospital . 3 -RRB- Hospitalization Care provided during a hospital visit , including services provided by doctors , nurses , and other hospital staff , medical tests , medications given during your stay , as well as room and board . Care received in a skilled nursing facility is also included in hospitalization coverage -LRB- note : some plans limit skilled nursing facility benefits to no more than 45 days -RRB- . 4 -RRB- Laboratory Services Tests a doctor completes to help diagnose an injury , illness , or other medical condition , or to monitor the progress of a treatment . Some preventative screenings may be fully covered . 5 -RRB- Maternity and Newborn Care Care women receive during pregnancy , including prenatal care , in labor , delivery and post-delivery , and care for newborn babies . 6 -RRB- Mental Health Services and Addiction Treatment Inpatient and Outpatient care that evaluates , diagnoses , and treats mental health conditions and substance abuse disorders -LRB- some plans may limit coverage to 20 days per year -RRB- . 7 -RRB- Rehabilitative Services & Devices Rehabilitative and habilitative services and devices to help regain mental and physical skills that were lost due to injury , disability , or a chronic condition . Each plan has to provide 30 visits per year for physical or occupational therapy , speech therapy , cardiac or pulmonary rehabilitation , and chiropractor visits . 8 -RRB- Pediatric Services Care provided to children , including vaccines and immunizations . For children under the age of 19 , dental and vision care must be offered this includes two routine dental exams , an eye exam and corrective lenses each year . 9 -RRB- Prescription Drugs Medications prescribed by a doctor to treat a medical condition or illness . At least one prescription drug must be covered in each category and classification . 10 -RRB- Preventive and Wellness Services and Chronic Disease Treatment care includes physicals , immunizations , and certain types of screenings designed to prevent or detect certain medical conditions as well as care for chronic conditions such as diabetes and asthma . The notion of getting peace of mind with insurance comes from the direct purpose of buying insurance - protecting yourself from a catastrophic financial event by shifting the risk to a third party -LRB- the insurance company -RRB- . When it comes to health insurance , you know you 're only exposed to such a high amount in a given year - known as an annual out-of-pocket maximum . Other than your premium , you will not pay more in healthcare expenses than this amount in a given year . A great example of when you might encounter a very expensive financial event for health insurance purposes is surgeries .


Input: Does Car Insurance Cover Keying?

Output: If you have Comprehensive or commonly called Full Coverage , then vandalism such as keying would be covered . If you have only liability then no it would not be . Find out what the repair cost would be . If it is not too great then you may want to take care of it yourself rather than having a claim against you on your auto insurance . While it wo n't affect the rates , an accumulation of a lot of small claims can raise a red flag to some companies . Talk to your agent about this . Do not call the company unless you plan on filing the claim . Many companies will count it as a claim anyway if you call to inquire , even if you do not turn in the claim .


Input: Are CT Scans Covered By Health Insurance?

Output: If it is medically necessary . Prior authorization may be required . Check with your carrier to be sure . Always get the name and nite the date , time , and who you spoke to . Health insurance is in a state of change right now . Questions are great and documentation is always helpful .


Input: Does Aetna Medicare Cover Shingles Vaccine?

Output: Yes , Aetna 's Medicare Part D plans covers shingles vaccine . If you do not have a supplemental prescription drug plan or Medicare Advantage Plan , Medicare Part B does not cover the shingles vaccine , however . You must be sure to have your shot within your PPO , if specified , to save costs .


Input: Can You Deduct Life Insurance On Your Taxes?

Output: No for individual life insurance purchases life insurance premiums are generally not deductable from income for income tax purposes . For business situations there are a few options for deduction , but any premium deducted for death benefit amounts over $ 50,000 would make the death benefit income taxable to the beneficiary .


Input: What Is Federal Disability Insurance?

Output: Federal Disability Insurance may be a reference to Federal Employee Disability Insurance . If so , it is private disability coverage that can be purchased by federal employees to supplement the federally provided plans , FERS and CSRS . Or Federal Disability Insurance may be referring to Social Security Disability benefits paid to qualified disabled persons by the federal government .


Input: What Is Adjudication In Health Insurance?

Output: Adjudication is a review of submitted claims to determine if you qualify based on your plan and premiums , and if the claim is an eligible claim under the terms of your policy . Once a claim has been properly adjudicated and approved for payment , the carrier or claims payer will issue a check .


Input: When Can I Get Health Insurance?

Output: You can get health insurance anytime you want . As an experienced health insurance broker -LRB- 33 years in the business -RRB- , this question is quite popular . During Open Enrollment , you may qualify for a large subsidy that could substantially reduce your rates . If you miss Open Enrollment , off-Exchange plans are offered along with `` Special Enrollment Period '' exceptions . Of course , your quotes are always free , regardless where you look .


Input: When Can I Get Health Insurance?

Output: You can get coverage during the open enrollment period , after that you must have a what 's called an SEP. . A life event for the Special Enrollment Period which is now until the open enrollment period begins in November . If you do not qualify to enroll in a plan during SEP you may opt for a short term plan to bridge the gap to the open enrollment period .


Input: When Can I Get Health Insurance?

Output: You can generally get health insurance coverage during the open enrollment period . You may however still get health insurance outside the open enrollment period if you have a qualifying event . A qualifying event are unforeseen events that prevented you from getting health coverage during the open enrollment period . Things like loosing your employer health coverage will be a qualifying event .


Input: When Medicare Is Secondary How Does It Pay?

Output: There are specific situations where Medicare is secondary to a primary coverage plan . The most common one is when you , or your spouse , are covered under an employer group health insurance plan and that employer has 20 or more full time employees . The group plan is primary , Medicare secondary . The two plans coordinate . In most cases Medicare will pay little or nothing .


Input: Is Medicare Part C The Same As Medigap?

Output: Medigap and Part C are not the same . Medigap is supplemental coverage to your Original Medicare Part A and B . You do n't have to buy a Medigap Plan , it is optional . Many people , however , use the Medigap Policy to help cover the 20 % of Medicare approved costs not covered by Part A and B. Medicare Supplement insurance is private insurance in which you pay a premium every month . You are allowed to visit any provider who accepts Medicare . Part C is called a Medicare Advantage Plan . It acts like an HMO or PPO , so you are restricted to using network doctors . This type of Plan combines Part A , Part B , and usually Part D -LRB- drug coverage -RRB- . It 's important to note , if you join a Medicare Advantage Plan , you do n't need and ca n't be sold a Medigap Policy . In other words , you ca n't buy a Medigap Policy to supplement your Part C -LRB- Medicare Advantage Plan -RRB- . Thank you for taking the time to read my reply . Please let me know if I can be of further assistance .


Input: Is Medicare Part C The Same As Medigap?

Output: No . Medicare Part C is Medicare Advantage coverage - these plans work similarly to traditional under 65 health plans -LRB- meaning you can be responsible for coinsurance , copayments , deductibles , etc. -RRB- . A Medigap plan -LRB- also known as Medicare supplement plans -RRB- works WITH original Medicare -LRB- Parts A & B -RRB- to fill the `` gaps '' that it does n't cover . Original Medicare covers about 80 % of your healthcare expenses . A Medigap plan can cover a portion or all of the other 20 % , depending on which Medigap plan you get -LRB- there are a total of 10 different plans available - A , B , C , D , F , G , K , L , M , and N -RRB- . Medigap plans do not restrict you to networks , you do n't need referrals to see specialists , and any doctor that accepts Medicare will accept the Medigap plan . You can also apply for a different plan at any point throughout the year -LRB- if you want a different carrier or different benefits -RRB- , and they are guaranteed renewable ! Please feel free to contact me for further assistance . Thanks very much .


Input: What Is A Non Contributory Retirement Plan?

Output: A non contributory retirement plan typically refers to a type of pension plan where the company makes all the contributions . The employees may or may not be allowed to contribute depending on the design of the plan and the applicable legislation . In Canada , the value of the company 's contribution reduces the amount you are permitted to deposit into your Registered Retirement Savings Plan -LRB- RRSP -RRB- If you would like to work with a local Retirement Planner , you could start with a Google search . For example if you search for : retirement planner Halifax or retirement planning Halifax , my name along with several others will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What Company Has The Cheapest Renters Insurance In Texas?

Output: Good morning , for the most part Renters Insurance pricing will depend on how much coverage you are looking for . Generally speaking , pricing for minimum coverage starts in the $ 10 - $ 15 a month range . Let me know if you need any further info or ifmy office or I can be of any further help .


Input: What Company Has The Cheapest Renters Insurance In Texas?

Output: Renters insurance can be as cheap as you want . The cheapest I have ever seen is the other lines discounts that the customer has which makes the renters insurance practically free . I there are not other lines , the amount of coverage and whether or not you have replacement cost coverage are the primary components of the premium amount . Keith Prim - Dallas 214-435-0791


Input: How To Take Advantage Of Health Insurance?

Output: That is a great question ! The best way to take advantage of your health insurance is to use it . Find out what free preventative services are covered by your plan , and take advantage of them . Get those things checked that bother you , but you never feel like going to have looked at . You are going to pay for it anyway , get as much out of it as you can ! Thanks for asking !


Input: When Does Life Insurance Not Pay?

Output: Life Insurance will not pay for a death due to suicide during the first two years of the policy . If death occurs during the first two years , called the contestable period , there will be a review to see if the cause of death was due to something that was withheld from the application on purpose . If there was blatant lying or omissions on the application or in a phone interview , the death claim could be denied . Some policies put in clauses that the policy will not pay for death incurred while committing a crime or while at war . Those need to be reviewed with each company . For the vast majority of policies , the death claim is paid .


Input: When Does Life Insurance Not Pay?

Output: Assuming youre addressing death benefit proceeds , there are scenarios where a life insurance claim may be denied . The issue date of the policy starts the clock on the two year contestability clause is a period where the life insurance company can investigate misstatements , misrepresentations , omitted material fact or outright fraud .


Input: Which Car Insurance For Young Drivers Is The Best?

Output: The best car insurance for young drivers is the policy that is the cheapest , but still offers the coverage you need . Of course , a reputable company should always be used . Experienced brokers -LRB- preferably in the business at least 20 years -RRB- and our websites are a great tool for any person needing auto insurance coverage . Of course , rates vary , depending on many factors including driving record and type of car to be insured .


Input: What Life Insurance Does Suze Orman Recommend?

Output: Suze recommends term life insurance . She seems to have a negative disposition towards participating whole life insurance , which she deems as a consumer rip off whether for death benefit or supplemental retirement income . Theres not much on her position on universal life , indexed universal life or variable universal life .


Input: When Did Health Insurance Originate?

Output: That is a great question ! There were some types of travelers insurances offered in the 1840 's that covered you if your train crashed or steamboat sank , but other than that , there really was n't much until the late 1800 's when disability policies became popular . Britain passed a law in the early 1900 's that created a `` National Health Insurance '' , and most of Europe kind of adopted similar laws , but we did n't catch on until 1929 when us Texans -LRB- Baylor University Hospital , and some local teachers , I think -RRB- created a system of standardized costs for hospital stays . Shortly thereafter came Blue Cross/Blue Shield , and then all kinds of competing companies . The history of insurance is interesting stuff . Thanks for asking !


Input: How To Apply For Cobra Health Insurance?

Output: A qualified beneficiary must notify the plan administrator of a qualifying event within 60 days after divorce or legal separation or a child 's ceasing to be covered as a dependent under plan rules . Plan participants and beneficiaries generally must be sent an election notice not later than 14 days after the plan administrator receives notice that a qualifying event has occurred . The individual then has 60 days to decide whether to elect COBRA continuation coverage . The person has 45 days after electing coverage to pay the initial premium . Qualified beneficiaries must be given an election period during which each qualified beneficiary may choose whether to elect COBRA coverage . Each qualified beneficiary may independently elect COBRA coverage . A covered employee or the covered employee 's spouse may elect COBRA coverage on behalf of all other qualified beneficiaries . A parent or legal guardian may elect on behalf of a minor child . Qualified beneficiaries must be given at least 60 days for the election . This period is measured from the later of the coverage loss date or the date the COBRA election notice is provided by the employer or plan administrator . The election notice must be provided in person or by first class mail within 14 days after the plan administrator receives notice that a qualifying event has occurred .


Input: How To Dispute Home Insurance Adjuster?

Output: You can dispute a homeowner 's adjuster if you believe you have a fair and valid point . Simply ask to speak to his/her supervisor and explain your position and provide proof or documentation why you feel the amount offered in the settlement was not fair . Typically , they will study your information and discuss why or why not they will make a change .


Input: What Kinds Of Refund Options Are There For Annuities?

Output: Generally an annuity that generates fixed monthly payments while the policy annuitant is living with guarantees of the repayment of the amount deposited . If the policy annuitant dies before receiving the amount deposited , the unpaid difference is paid to the policy beneficiary . This is an attractive provision for an annuity holder during distributions .


Input: What Does Health Insurance Cost In Oregon?

Output: If you 're an individual buying on or off the exchange -LRB- and not securing group coverage through an employer -RRB- , you need to consider the metal level plan you want . There are four metal plans : bronze , silver , gold , and platinum . Bronze plans generally cover about 60 % of your healthcare expenses , Silver is 70 % , Gold is 80 % , and Platinum is 90 % . So , in short , the better the benefits that you want to have , the higher the premium will be.There 's also a catastrophic plan , but these are only available to individuals under age 30 . How much your health insurance costs is going to depend on several factors : your age , where you live -LRB- zip code -RRB- , what level plan you want , and which carrier your policy will be with . There are many factors that go into the pricing of a product for a specific area and everyone 's tolerance for cost is different as well . In short , there 's no one exact figure to say what health insurance costs to the individual . I recommend contacting an independent broker to help get yourself set up with a health insurance plan .


Input: How To Determine Term Life Insurance Amount?

Output: Many life insurance experts recommend about 6 to 8 times your annual salary for the amount of term life insurance that you may need ; however , the figure will depend on your financial needs and goals . You have to factor in that mortgage , education expenses for children ... basically whatever your family will need to survive and thrive when you 're gone . Of course , since term life insurance is for a specific period of time , you will need to calculate how long you need this certain amount of money as well .


Input: How To Determine Term Life Insurance Amount?

Output: By the very nature of the question it addresses a temporary need . Based on that assumption : you need to total all debt short and long term , all future obligations such as child education and weddings and all future income needs for the life expectancy of the beneficiaries or 30 years whatever is sooner . That total number will be the starting reference point to design of defensive planning strategy to indemnify the death of the bread winner -LRB- s -RRB- .


Input: Is Toilet Overflow Covered By Homeowners Insurance?

Output: As my colleage mentions , damage as a result of water back up is usuallyy not covered , but more than likely is available as a purchased amendment . Again talk to your Insurance Professional about your policy . For those of us on a septic system , it is very important to regulary see to the care and maintenance of that system . If the water backs up because your system has been neglected then that is a maintenace issue and more than likely there would be no coverage under your policy terms and conditions .


Input: Is Toilet Overflow Covered By Homeowners Insurance?

Output: Water back-up is generally excluded in a homeowners policy . Most companies , however , offer their customers the privilege of buying that particular coverage at a small increase in premium . This is a neglected coverage and should be taken by all homeowners.The damage from a backed up sink , or toilet can be significant .


Input: Which Life Insurance Companies Are The Best?

Output: There are many excellent life insurance companies to choose from and the `` best '' is very subjective . One way to rate companies is by the financial ratings from AM Best or a similar rating company . I personally only use A rated companies or better , so my clients can feel confident that the life insurance company will be around 20 - 30 years or longer when the policy is needed . Many life insurance companies have been around over 100 years which is another testament to a stable company . A company may be the best for you because they offer a particular product with a unique rider that you want . Finally , a company that provides a better health rating , and therefore lower premium for your situation , may turn out to be the best for you . All of the above are reasons to work with a knowledgeable advisor to help you sort through the options and find the best company for your particular situation .


Input: Does Renters Insurance Make Sense?

Output: Renter insurance makes a lot of sense . If you apartment was on fire and all your personal belongings were gone , where will you stay temporally ? Renters insurance will provide you with temporal hotel accommodation . If you were having a party at your apartment and one your guest slips and falls on your wet kitchen floor and breaks their hip and ambulance came took them to hospital and the medical bill is $ 28,000 . Now who do think is responsible for that ? YOU my friend ! Let say you loaded you car with your personal stuff worth say $ 5000 going on vacation to Florida . You car overheats at point and caught on fire and both your car and its content are gone . Assuming you have physical damage insurance on your car , your car insurance company with replace the fair market value of vehicle minus any applicable deductible . They will not replace your vehicle content of $ 5000 . If you had renters insurance for your apartment , they will cover your personal stuff in vehicle . Yes it makes sense to buy renters insurance .


Input: Does Renters Insurance Make Sense?

Output: That 's a great question ! You know , in most situations , it really does . If you are living at home and paying rent , maybe not , but in almost every other case I 'd recommend it . It is relatively inexpensive , and can be a total lifesaver if someone breaks into your apartment , or a neighbor catches the place on fire . Please find a good agent , and get a policy . Thanks for asking !


Input: Does It Cost To Switch Auto Insurance?

Output: You should not encounter any fees to switch your auto insurance in most if not all States . You may find that some States have different ways of calculating the premium that should be returned to you for the unused period of the policy , after you switch carriers . This is based on the actual date that he policy is voluntarily cancelled by you . Any insurance agent handling private passenger auto lines should be able to explain this to you in one phone call .


Input: Does It Cost To Switch Auto Insurance?

Output: There is no fee that I am aware of to switch from one insurance company to another . The only reason that I am aware of that you want to switch insurance companies is lower cost . If there is a fee involved then you probably will not switch insurance companies . There is no fee to my knowledge to switch


Input: Is It Worth Having Health Insurance?

Output: It 's worth having health insurance if you believe in complying with the law . It is now required to purchase qualified health insurance due to ACA legislation -LRB- Obamacare -RRB- . You may qualify for a subsidy that could possibly pay all of your premium , depending upon your family income . So ... Is it worth it ? You decide .


Input: What Is The Cost Of Long Term Care Insurance?

Output: Heres an example of a 60 year old nonsmoking couple in good health purchasing a long term care policy with an inflation rider in the state of Arizona , i.e. $ 3600 a year . It depends on how good your health history and current medical condition is as well as your gender , age and smoking status . If youre applying with a spouse , you can also receive a discount .


Input: What Does Cash Value Mean In Regards To Life Insurance?

Output: That is a great question ! Simply put , there are two values to your whole life policy - the face value , or death benefit , which is what the policy would pay should you pass -LRB- minus fees or loans -RRB- , and the cash value . The cash value is the amount of money that accumulates within the policy as it grows . This is the amount that you can borrow from , or the amount -LRB- minus loans or fees -RRB- that the company would pay out to you should you surrender the policy . There is no cash value in a term life policy . I hope that helps - thanks for asking !


Input: What Does Cash Value Mean In Regards To Life Insurance?

Output: Permanent forms of cash value life can accumulate cash via premiums and credited earnings from interest rates , indices or equity and bond instruments in separate sub accounts offerings . Permanent forms of cash value life insurance are participating whole life , current assumption universal life , indexed universal life and variable universal life .


Input: What Does Cash Value Mean In Regards To Life Insurance?

Output: Cash value on a life insurance policy is the amount that the policy would be worth if it were cancelled at the point that the cash value was determined . Every carrier and policy is different . The cash value may still be subject to some fees or other charges when the policy is terminated . To know all of the coverages and exclusions afforded under the policy you should read it completely or contact your local agent to have them go over the policy with you .


Input: What Does Cash Value Mean In Regards To Life Insurance?

Output: A permanent life insurance policy has two elements , the cost of insurance in a given year , and an accumulation fund to reduce the impact of increased premiums for insurance as you get older . The company will give you the accumulated amount as cash value anytime you are willing to stop holding them to their promise to pay the death benefit .


Input: How Much Does A Whole Life Insurance Policy Typically Cost?

Output: With any life insurance policy , the costs will vary from company to company by the type of life insurance policy , duration of coverage , what state it is issued in and personal information about the insured like gender , age , smoking status , health condition , recreational activities , vocation , motor vehicle report , credit report , etc. . The policy premium may vary by the use of a term rider and other ancillary riders like waver of premium .


Input: How Much Does A Whole Life Insurance Policy Typically Cost?

Output: That is a great question , and one we are commonly asked ! The answer is n't an easy one to give though . Life insurance is like tailored clothes - what fits you may not fit me , so your clothes will cost more or less than mine . Life insurance bases the cost on a lot of things that are uniquely yours . Your age , gender , smoking preference , amount desired , current health situation , family health history , prescriptions taken , and your job are all factors in the cost . I could give you a ballpark , if you want to contact me with specifics . Thanks for asking !


Input: How Much Does A Whole Life Insurance Policy Typically Cost?

Output: Over the lifetime of the policy a whole life policy will usually cost much less than the death benefit . As a matter of fact , many whole life policies cost almost nothing by the time they reach their 20th year or so . Whole life insurance is the most reliable and cost effective life insurance policy that you can buy . There are a great number of term policies that lapse every year and they are all cost and no benefit .


Input: How Much Does A Whole Life Insurance Policy Typically Cost?

Output: The simple answer to this question is : It Depends . :-RRB- It depends on a variety of factors , including : How much death benefit you would like . Your health status . Your age . The company you would buy it from . The features you would elect inside the policy . There are several types of Life Insurance coverage for a person to choose from , each with its own features and own purpose . In general , for a stated amount of death benefit coverage , monthly or annual premiums for a Whole Life policy are higher than a Term Life policy , but it would be faulty to compare those types of policies just based on monthly premium . Do n't make the mistake of comparing those types of policies just based on monthly premium . Speak with a knowledgeable professional about your goals and how life insurance may fit in so that you can make the best decision for your situation .


Input: How Much Does Universal Life Insurance Cost?

Output: All life insurance costs are based upon life expectancy , earnings and overhead . These in combination result in the cost for one year of coverage . When the period to be protected is longer than one year then there must be consideration given to the total cost of coverage and the earnings the company could anticipate . This is where you get a premium for a 10 , 20 , or 30 year term policy . Permanent insurance does not have a termination date and as a result must consider every conceivable coverage cost and establish a program where the earnings of the policy will be sufficient to meet those obligations as they arise . Whole Life is the traditional way to handle this issue and the company designs a plan that will provide a level amount of protection for the remainder of the insureds life in exchange for a level premium . A universal life policy differs from the whole life policy in that the earnings are not guaranteed . The company maintains a separate fund . This fund will have earnings that are different from the general fund . If the earnings are greater the cost of the policy will be lower , reflecting the earnings . Because the earnings are not guaranteed they change from year to year . This affects the companys ability to pay the full death claim . Each company issues an annual statement that shows the values and projected values . The insured can reduce or increase premiums at their own discretion .


Input: How Much Does Universal Life Insurance Cost?

Output: The cost of a any Life insurance policy depends on the amount of coverage you want plus how quickly you want the cash account to grow and factored in with how long the insurance company determines that you will live and pay the premiums . Usually $ 15 is about the lowest premium and the sky is the limit on the upper end . Asking such a general question like that is the same as asking how much does a car cost ? Lot 's of variables .


Input: How Much Does Universal Life Insurance Cost?

Output: Universal Life Insurance usually costs more than Term Life Insurance , because it covers the insured person to an older age . Universal Life may also have cash value , which is a feature that usually commands a higher premium . However , Universal Life can be paid up by paying premiums a set number of years , and when you look at the amount of Term premiums paid over one 's lifetime , Universal Life may end up being cheaper .


Input: How Much Does Universal Life Insurance Cost?

Output: The answer to this question is the same as for all types of life insurance . It depends on the amount of coverage , the age and rate class of the applicant , and what you want the policy to do . The unique nature of universal life allows for a range of premium , which provides a bit of flexibility not easily duplicated in other types of permanent life insurance .


Input: How Much Does Universal Life Insurance Cost?

Output: How much coverage are you looking for ? There are many companies that offer universal life insurance , however , the products can vary substantially between carriers . The first thing you want to find out is which products are guaranteed universal life programs , meaning even if the cash value hit $ 0 , the policy will still pay a death benefit as long as you keep paying your premiums . Current assumption -LRB- non-guaranteed -RRB- universal life programs can seem great on paper and may offer a lower premium that Guaranteed Universal Life policies , but carry a lot of risk - if the cash value hits $ 0 under these programs , then the policy crashes and you 're left with no benefits . You would subsequently have to keep paying more and more into the policy at higher amounts to keep it going . There 's many factors that go into the premium calculations for life insurance to say what universal life insurance will cost - it will be different for every person due to a number of factors including their age , amount of coverage they want , how long they want the coverage for , their risk classification , and other factors . When comparing policies from each carrier , the first thing you need to understand and determine is the risk classification you qualify for because the risk class determines the premiums . Also , not every carrier is going to offer the same risk class for a given medical history - they each have different underwriting guidelines , meaning company A could offer standard to a given profile and another carrier may be able to offer preferred . You should always consult with an experienced life insurance broker BEFORE applying for ANY coverage . Brokers can shop the case for you among a number of insurance companies to see which one will work best for your program and help you structure a policy that will best serve your needs and your budget . 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: How Much Does Universal Life Insurance Cost?

Output: Universal Life Insurance is an insurance Policy that gives you the option to contribute or adjust payments during a specific term . It is low priced and a great benefit for the policy holder due to the option . Universal Life Insurance has all the benefits and riders of a whole life policy . some Universal Life Policy have a cash value accumulation , and an increased benefit , so , EX : If you have a 100k policy and its paying 63.00 a month the forst year as the year may come to maybe 25 years later depending on age when the policy first opened the benefitamount can be one half more or maybe double .


Input: Can Term Life Insurance Be Extended?

Output: Can term life insurance be extended ? It depends on what you mean by extended ? Many level term policies do not end after the level period ends . These policies can be extended on as annual increasing premium term policies . This extension will cost much more than the original policy cost as rates are based on current age . A term policy can not be extended past it 's contracted enddate as that would violate insurance laws about policies .


Input: Can Term Life Insurance Be Extended?

Output: Some policies offer a Guaranteed Insurability Rider that allows you to obtain additional life insurance at certain dates , regardless of health . Also , new `` Term-UL '' products combine features of Term and Universal Life , giving you more flexibility than just Term life insurance . Regardless of how life insurance is extended , it almost always costs more than the original rate . The exception would be if your risk lessened and you are able to qualify for a new policy at a better rating than you originally had .


Input: Can Term Life Insurance Be Extended?

Output: Typically , term life insurance policies have a guaranteed number of years that the death benefit remains level and the premium does not change . That would be regardless of any change in your health . And of course , you can terminate a term policy at any time . At the end of the term , you may have aguaranteedrenewalrate that is quite high although you can attempt to qualify for a lower rate . You can also -LRB- depending on the policy -RRB- convert to apermanentplan .


Input: How Long Does A Life Insurance Claim Take?

Output: In most cases , it may take as little as a week or two to receive death proceeds of a life insurance policy from the time the insurer receives a claim form and the death certificate . Some insurers may take a little longer . In the event of death in the first two policy years , the insurer will need more time to investigate the claim as death occurred within the two year contestability period of the policy .


Input: What Happens When I Cancel Life Insurance?

Output: When you cancel your Life Insurance policy , you are not only giving up the coverage you purchased but you may also be giving up your insurability and cost of insurance . When you applied for the coverage you are considering cancelling , you went through underwriting to determine if you are `` insurable '' . While you are insured , if your health was to deteriorate , the insurance company still maintains the coverage you have . If after cancelling your policy , your health starts to suffer , then when you try to reapply for another Life Insurance policy , you may not be insurable and at best you will have to pay more in premium . Plus consider you will be older which also increases your premium . I recommend that you talk to your broker/agent first to discuss your situation and see the alternatives you have .


Input: What Happens When I Cancel Life Insurance?

Output: Your coverage ends . When you 're cancelling a term life insurance policy , that 's the end of it . They do not have any cash value . A carrier may return a pro-rated portion of the last premium payment if you canceled it before it lapses , but that will vary by carrier . Most people will just not pay the premium and allow the policy to lapse on its own . If you 're terminating a permanent policy -LRB- universal or whole life -RRB- , there will generally be cash value in the policy to be collected - the cash value is subject to surrender charges if they have not been zeroed out yet -LRB- this depends upon the structure of the policy and how long it 's been in force -RRB- .


Input: Does Medicare Part B Cover Shingles Vaccine?

Output: Unfortunately no , Medicare Part B does not cover the shingles vaccine . This vaccine is generally covered under a Part D prescription drug plan - most Part D plans will cover vaccine shots needed to prevent illness such as the flu shot or shingles shot . 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: Does Medicare Part B Cover Shingles Vaccine?

Output: Medicare Part A and Part B do not cover the shingles vaccine . The vaccine is covered under Part D , prescription drug coverage . Contact your drug plan to see what your co-pay would be for the shingles vaccine . Medicare Part B will cover a yearly flu shot and the pneumonia vaccine .


Input: How Do You Buy Renters Insurance?

Output: Select an agent you can trust . Your friends and colleagues can usually provide you with recommendations . Provide the agent with all the information requested . Dont underestimate the value of your personal property . Follow the agents recommendation and take the highest liability limit possible . Make sure the agent transmits that information to the company . Make sure the policy is exactly what you ordered .


Input: Why Do Kids Need Health Insurance?

Output: Kids , like anyone else , are at risk of life 's unexpectedhappenings . In order to protect ourselves and our families from financial loss due to these unexpected events ... it is vital to have proper health insurance in place . Also , it has always been a major benefit to have good health insurance to receive the best carepossible .


Input: Why Do Kids Need Health Insurance?

Output: Kids need health insurance for many reasons . Perhaps one of the most important reasons is to protect against a catastrophic illness or accident that could cost tens or thousands of dollars in expenses . Without insurance , most of those expenses will have to be paid by the insured or his/her parents . Also , preventive expenses are covered at 100 % and the treatment to children is critical to continue their good health .


Input: Does Private Disability Insurance Work?

Output: Yes , private disability insurance does work . When a disability occurs , it pays you part of your income as designated in the policy . If you have disability insurance through work or receive Social Security disability insurance , it supplements that to give you a greater percent of your income . I have spoken with many people looking for life insurance who have developed MS , diabetes and other health conditions who are very grateful that they have private disability insurance income coming in .


Input: Does Private Disability Insurance Work?

Output: Provate disability insurance is paycheck protection against sickness or injury . While health insurance covers expenses and bills incurred for hospitalization , disability benefits pay you a monthly income generally tax free . Most Americans only have 90 days in cash reserves , so disability insurance is important . Make sure you have income ready to go for the unexpected events that occur in life .


Input: Can I Get My Own Health Insurance?

Output: Yes and it 's easier now than ever . Individual plans have no exclusions for pre-existing conditions for the under 65 health insurance plans . Many insurance carriers offer all kinds of different plans . You have a lot of options . For people age 65 & older they can even get their own health insurance . A lot of people get Medicare Supplement insurance to go along with Medicare Part A & B . It covers a lot of what Part A & B does n't cover . The best thing to do is to contact an independent agent that specializes in health insurance . They will be able to show you all the plans that are available and help match the best plan with your needs .


Input: Is An Indexed Annuity A Fixed Annuity?

Output: Is an indexed annuity a fixed annuity ? No , not usually unless provisions exist within the indexed annuity to mimic a fixed annuity . With a fixed annuity you 're provided a set interest rate for the year from the insurance company . It is up to the company to come through as they 've committed themselves for that outcome . An index annuity on the other hand , has potential for a variety of returns established by the policy owner . A return could be as high as 10 % for a year or zero percentage based on how the individual creates the policy .


Input: Is An Indexed Annuity A Fixed Annuity?

Output: A fixed annuity is a contract issued by an insurance company . In that contract the owner is not really required to do anything except make at least one deposit . The insurance company guarantees everything else . The insurance company will accumulate money in the annuity , if it is deferred , and guarantees that the money will receive a guaranteed amount of interest each year . Currently there are a great number of fixed annuities in force with interest rates far in excess of the interest rates offered to new customers . The company guarantees those rates for as long as the contract is in force . These guarantees continue into the annuitization phase when the company will return to the annuitant an amount of money guaranteed by a formula inside the contract and will make those payments until the annuitant passes away , or even beyond in many cases . Everything is guaranteed by the company . In contrast a variable annuity has few guarantees . The owner can choose into which funds the deposits will be invested and can often select to maintain that control even when the policy is annuitizing . This results in uneven results both during accumulation and annuitization . Sometimes that works for the benefit of the annuitant , but it could work against the annuitant if the underlying securities fail to perform . Incidentally it takes someone with a variable annuity license to sell this product . An indexed annuity is somewhere in between these extremes . The money that accumulates in the contract usually has a guaranteed minimum level of interest . This is often 0 which can be a great deal better than a significant minus number . The amount of interest credited to the account is linked by the insurance company to one of the leading indexes . The Dow Jones Average is one index . The Standard and Poors index is another . The company uses these indexes to set the interest that will be credited to the account . Normally the index annuity does not receive the exact interest rate indicated by the index . There will either be a ceiling above which the insurance company will not go or the interest rate is modified by a factor . For example if the S&P went up 10 % , depending upon the contract , the indexed annuity might pay 7 % or 70 % of the index according to the contract . However it might pay 5 % because there is a 5 % ceiling on the interest the company will pay . The index annuity is attractive because it allows the annuitant to participate in the results of the market without ever actually holding shares of stock . It has upside potential but it doesnt have any downside risk . During a rising market we would expect the index annuity to do quite well , However , it might not do as well as the Variable Annuity . During a down market it will not lose money , however a Variable Annuity can lose money . At the same time the Fixed Annuity will continue to earn its guaranteed rate of interest and may even raise its interest rate from time to time , but everything is guaranteed .


Input: Is An Indexed Annuity A Fixed Annuity?

Output: That is a great question . And the answer is no sir , they are very different . With a fixed annuity , you are guaranteed a rate of interest that will be paid on your annuity . On the indexed one , the interest rate will vary , based upon the performance of the index that the rate is tied to . That interest rate will also be influenced by whatever cap rates , participation rates , and crediting strategy is chosen . With the fixed annuity , you have the certainty of knowing the end result , with the indexed product , it 's anybody 's guess . I hope that helps , thanks for asking !


Input: Renters Insurance Is It Required?

Output: The majority of landlords require their tenants to have renters insurance with a lease provision . No state law requires renters insurance , aside from a few local laws pertaining to people with certain breeds of dogs who must maintain liability insurance . But it 's certainly a good idea to have , because one break-in or fire would devastate you . Renters insurance replaces your property in a matter of days , as opposed to the years you 'd have to work to replace one thing at a time as you can afford it .


Input: Renters Insurance Is It Required?

Output: It can be by the property owner , which is perfectly reasonable . The property owner wants to lease space to responsible individuals to be sure , ut they also want to make sure that they are well protected in the event that one of their tenants does something that causes injury to someone else or damage to the rented space .


Input: Renters Insurance Is It Required?

Output: While the state doesnt require it , your landlord might . The landlord wants to know that you can take care of a lawsuit that comes from your living in his unit . He also wants you to know that your personal property isnt his responsibility . Even if his building burns and in the process your property is destroyed , he isnt responsible for your property .


Input: How Will Health Insurance Change In 2014?

Output: I do n't think anybody has the answer to that question . My assumption is that the benefits wo n't change much for 2 reasons : 1 -RRB- The Affordable Care Act mandated certain benefits - so those have to stay 2 -RRB- The other non-mandated benefits have always been a part of health insurance -LRB- hospitalization , ER , Dr Visits , etc -RRB- . Open enrollment starts Nov 15 , 2014 - so you can find out from your broker/agent then . I wonder how much the premiums will change . Seemingly they would go up since not enough `` young & healthy '' people applied for coverage to offset the claims made by everybody else . However , I understand that the carriers will have to determine 2015 rates before they have all the data . So it 's anybody 's guess .


Input: Is My Life Insurance Taxable?

Output: Life insurance is not taxable for income tax in most situations . A Term life insurance death benefit that is paid to a beneficiary in a lump sum , and does not put the estate over 5.25 M , would not incur estate or income taxes . If there is some interest earned on the death benefit due to being paid in installments , if the owner of the policy transferred the policy ownership to someone else before death , if the estate is over the exempted limit , or if the beneficiary of the policy is the estate , then there may be some taxes charged . Contact a tax attorney for specific situations .


Input: Is My Life Insurance Taxable?

Output: Life insurance benefits are not taxable to the beneficiary generally . However , if the amount of the estate passing to that beneficiary is large enough , they may become taxable . This is very rarely the case , and can usually be dealt with by the proper planning with an appropriate trust . The need for that is only if over 5.34 million dollars . However , in any event , you should talk with both your life insurance agent and your estate planning consultant . I would be glad to assist you with both . GARY LANE . garylane@cox.net . 714 422 9616 .


Input: Does Home Insurance Cover Laptop Damage?

Output: It depends on your home policy , and what happened to the laptop . Your home policy protects your property against certain risks . If your laptop was stolen you may have coverage , but if you dropped it or spilled a drink on it that would not be covered on your home policy . In most cases though , your deductible is going to exceed the value of the laptop regardless of what caused the loss . Furthermore , you should try and protect your loss history . If your decuctible is $ 1,000 and it costs $ 1,200 to replace the laptop , your compensation will only be $ 200 . This may not be worth filing the claim as you may lose discounts for a clean loss history and the increased cost of insurance may not be worth it .


Input: How Much Will Insurance Pay For My Totaled Car?

Output: That can vary but one way to begin to understand the possible settlement is to research your car 's book value through sources like NADA or Kelly Blue Book , both of which have on line sites that are very good and easy to use . Once you have that information , another good rule of thumb to know is that an insurance company will `` total '' a car when the damage cost to repair begins to approach the book value . Usually at about the time the repair cost hits about 70 % of the book value , the likelihood that the adjuster will determine the car to be a total loss becomes very great . In many cases then , as a guideline , figure a settlement offer to be about 70 % of the average book value of your car . This is a guide of course , your claims professional will make the final determination .


Input: How Can I Switch My Auto Insurance To Progressive?

Output: You would have to contact an agent that is appointed with the carrier that you are seeking to sign up with . Auto insurance is an at will product . This means that you are able to change carriers for your coverage at any point that you wish , any premium that was paid and not used should be refunded by the carrier .


Input: What Is Average Cost Of Long Term Care Insurance?

Output: There really is no average cost of any type of insurance since there are many rating factors such as age , health , zip code , amount of coverage , etc. . With Long Term Care , many policies give a 40 % discount if both spouses are covered . I 've seen policies range from $ 80/mo to $ 400/mo . So I have 2 things that I might advise ... 1 -RRB- . Speak to a licensed agent to get a quote 2 -RRB- . Buy as much Long Term Care as is affordable . This is definitely a case of `` some is better than none . ''


Input: What Is Medicare Part T?

Output: There is no part of Medicare titled Part T. Medicare consists of 4 main parts - A , B , C , and D . There are also 10 Medigap plans -LRB- a.k.a. Medicare supplement plans -RRB- - A , B , C , D , F , G , K , L , M , and N. Are you perhaps referring to your Medicare claim number ? Your claim number is your social security number plus a letter . The letter T is one of the common ending characters to a claim number . If you have a claim number ending in `` T '' , it designates that you are either uninsured , but entitled to Part A or are fully insured and have elected to only take Part A. I hope that answers your question . Please let me know if I can be of further assistance . Thanks very much .


Input: Does Health Insurance Test For Smoking?

Output: At this time -LRB- May 2014 -RRB- insurance carriers are operating on the honor system for people to report whether they are tobacco users or not . So , unlike the case when you may be applying for certain levels of life insurance , you are not required to take a physical exam where blood or saliva may be taken to test for nicotine . Technically , the Affordable Care Act does allow for a premium adjustment for tobacco usage . In practical terms many health insurance carriers recognize that enforcement of this provision is impractical and so whether a health insurance carrier chooses to apply the allowable rate adjustment for tobacco use varies from insurance carrier to insurance carrier . Some are factoring in an assumed amount of tobacco usage in their base rates and applying a uniform rate to tobacco users and non-users alike . Other carriers are adjusting their rates to account for tobacco use though they may not choose to apply the maximum load allowed under the law . This is an issue you should discuss with your insurance agent when shopping for coverage as it may guide you in your selection of an insurance carrier . Just to be clear , if there is a tobacco use question on your application and you provide a misleading answer this is technically fraudulent and could have repercussions if it is uncovered .