Input: Does Life Insurance Test Nicotine?

Output: Yes , indeed they do . And the test is pretty reliable . Want to hear an interesting story ? A number of years ago I took an application from a client who disclosed that he did smoke cigarettes on a daily basis . So I quoted him smoker rates . He provided the lab specimens for the insurance exam and we all assumed they would show he was indeed a smoker . When the results came back , he had tested negative for nicotine even though he smoked every day ! Our assumption was he had a huge tolerance and it just didnt register in the lab . So , fair being fair , the underwriter gave him non-smoker rates ! And he paid about half as much as he would have as a smoker . Of course , smokers cant count on that always happening . They should expect to pay smoker rates . And most smokers hate paying that extra premium for that extra mortality risk . -LRB- And by the way - there is a huge amount of data to show that smoking does increase your mortality risk . Sorry . -RRB- So what should a smoker do ? Lie on the application ? I mean , who is really going to know if you say you dont smoke , and just go without cigarettes for a few weeks ? Your lab specimen should then come out clean , right ? Bad idea . Not good . Dont do it . That is insurance fraud , you know . You could jeopardize the claim getting paid . Besides which , this is not a game . Life insurance pricing has to accurately reflect the risk obligations taken on . If everybody scammed the system to get undercharged , then odds are the insurance carriers wouldnt have enough money to pay out benefit . Then everybodys beneficiaries would lose out . Not only that : there is something to be said for acting honorably , dont you think ? Your word should be your bond . What about postponing the purchase of the policy and waiting a year or two , so you can quit in the meantime and then qualify for non-smoker rates ? Well , okay , but who says youll be insurable at that point ? What if you come down with high blood pressure , high cholesterol , or high blood sugar , or any number of things that could throw the rates off ? Or even worse , make you ineligible for coverage at all ? Delaying is not worth the risk . Best thing to do is buy the policy now for the best smoker rates available . Keep it in force . Then , stop smoking . If you qualify for non-smoker rates , go for it . If you are eligible for a better rate , then good for you . But if you are not , then at least you have coverage . Either way , your beneficiaries will get what they need . Good move .


Input: Does Life Insurance Test Nicotine?

Output: Life insurance urine exams test for the presence of cotinine residue a byproduct of nicotine products like cigarettes . There is conflicting opinions about the length of time cotinine needs to dissipate from the body to display a negative cotinine reading and sometimes is used to measure second hand smoke .


Input: Does Renters Insurance Cover Hotel Expenses?

Output: If you are unable to live in the unit that you rented because of damage caused by a named peril -LRB- i.e. fire -RRB- your renters policy should provide for additional living expenses . This would be the additional expense of temporarily living somewhere else while the unit is being repaired . If that is a hotel , then the hotel expense would be reimbursed to the extent that it exceeds your regular rent . This would be negotiated with the claims adjuster .


Input: Which Medigap Plans Are Best?

Output: The most comprehensive -LRB- and most popular -RRB- Medigap plan is plan F - it covers each Medigap benefit at 100 % . Plan G is the second most comprehensive - it 's the same as plan F , except for coverage of the Medicare Part B deductible -LRB- $ 147 in 2014 -RRB- . These two plans create the most predictable healthcare expense structure for the insured person . I hope the information is helpful - please feel free to contact me for assistance with your coverage , including plan quotes and comparisons , and if you have any other questions . Thanks very much .


Input: Does Life Insurance Go Into An Estate?

Output: Yes , you can make the beneficiary of a life insurance policy the estate and the proceeds will go into the estate . You really do n't want to do that . The great benefit of life insurance is being able to leave money to a loved one that can not be taxed and does not have to pass through probate . If your estate is the beneficiary of your life insurance proceeds not only will the money be tied up in probate court for months , but it will be taxed along with the estate taxes . Please seek advice of a professional before making this common error .


Input: Does Life Insurance Go Into An Estate?

Output: If there is not a surviving spouse , the face amount of the life insurance will be counted in the value of the estate . If it is over the exempted amount , estate taxes will be owed on the amount that exceeds the estate tax exemption . However , life insurance does not go into the estate for purposes of probate , and is not charged income taxes . It goes straight to the beneficiary . If a properly set up ILIT -LRB- Irrevocable Life Insurance Trust -RRB- is used , the value of the life insurance is not considered in the value of the estate .


Input: Does Life Insurance Go Into An Estate?

Output: That is a great question ! Ordinarily , no it would n't . The process being that when you got the policy , you named a beneficiary , and hopefully a contingent beneficiary , and then kept up with those designations . When you pass , the policy proceeds would go to the named beneficiary . Should the beneficiary have preceded you in death , the proceeds would move to the contingent beneficiary . Only when there is no named beneficiary to receive the benefit , or a spouse to claim it , would it fall back to the estate . At that point , you 've got taxes , and probate issues , so it is always wiser to have your beneficiaries up to date . Thanks for asking !


Input: Does Life Insurance Go Into An Estate?

Output: You have hit on one of the Greatest Values in Life Insurance . If you name a beneficiary , and they are alive at your death , the payment does directly to them , and not into your estate ! However , if they die before you and you have not named a replacement beneficiary , it will go into your estate . So avoid the great expense of probate , and the lengthy delays of going to probate court , and be sure to keep up to date your named beneficiary . Thank you . GARY LANE .


Input: Does Life Insurance Go Into An Estate?

Output: It would be included in the estate when all named beneficiaries predecease the insured -LRB- and assuming it 's not being owned by a life insurance trust -RRB- . The proceeds from the policy are income-tax free . If you name your spouse the beneficiary to the policy , the monies would not be included in the calculation of the estate . If the beneficiary is someone else , it would be included in the calculation of the estate for tax purposes . A trust , such as an irrevocable life insurance trust -LRB- ILIT -RRB- , can allow the proceeds to be excluded from the taxable estate because you would no longer be the owner of the policy . The trust would be the owner and controls how the proceeds are distributed . Please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Who Has The Best Whole Life Insurance?

Output: Who has the best whole life insurance ? As the saying goes , if I tell you , then I have to kill you ... What is really good for consumers is there is no `` best '' single life insurance company that offers whole life , there are a multitude of carriers who have rated very high across the board with different financial rating agencies . What 's nice is you have a choice of many companies that can provide you a great choice for your needs .


Input: Who Has The Best Whole Life Insurance?

Output: Who has the best Whole Life insurance ? There is no correct answer since the criteria is different for different consumers . Also , underwriting guidelines are different so your best option may not be viable for someone else . Prudential ? Transamerica ? Northwestern ? New York Life ? Find an experienced full-time broker and they can shop for the best options .


Input: Who Has The Best Whole Life Insurance?

Output: The company with the best whole life insurance is the one that can solve all of your insurance problems . I do n't know which company that is ; however I will give you a few clues . Decide what your financial goals are . If you only desire to pay for your funeral , then a final expense policy may be right for you . The premiums are more expensive , but it gets the job done . If you are a working adult with a spouse and/or children , consider term life insurance . This may be a better option . Decide how much you would like your premium -LRB- periodic payment for insurance -RRB- to be . Hint : Your premium payment should be no more than 6 % of your monthly or annual income . Once you find companies that meet those criteria , find out what additional benefits you will receive from them . Many companies offer complimentary benefits such as free accidental death coverage . Check out the company 's reputation . If the reputation is poor , it could be that way for a reason . These are a few ways to find a good company to do business with ; however , the best way to find a suitable life insurance company is to find a good insurance broker or senior agent . That person will ask the right questions on your behalf in order to find the best match to your goals . I hope this helps . Good luck !


Input: Who Is Eligible For Medicare In Mississippi?

Output: Those who are eligible for Medicare in Mississippi , generally speaking , are those who have paid Medicare taxes for at least 40 quarters AND are age 65 , OR have end stage renal disease , or have ALS , or have been on Social Security Disability for at least 24 months . There are restrictions on some of these and some others are eligible . But most people in MS will qualify for Medicare by one of these ways .


Input: How To Get Health Insurance When On Disability?

Output: There are several options to get health insurance while on disability . Your employer plan must be continued on the same basis as when you were working for up to twelve weeks if subject to FMLA . After that you can purchase the employer plan through COBRA . You can purchase a policy through a state exchange outside of open enrollment if you qualify for a special open enrollment based upon your qualifying life event -LRB- loss of job qualifies -RRB- . Or , you may have to wait for the annual open enrollment . You may qualify for premium and cost sharing subsidies based upon your lower income while disabled . You may also qualify for Medicaid . The rules vary by state based upon whether your state adopted the ACA expansion .


Input: How Does A Deductible Work In Health Insurance?

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


Input: How To Cut Homeowners Insurance Costs?

Output: Talk to your Insurance Professional about making sure you are taking advantage of any available discounts . Many companies offer very nice discounts if you also insure your cars with them , this can save you quite a bit for sure , and some companies will deepen the discount if you also have Life Insurance with them . Also ask about a discount for having a central alarm , a new roof , electrical , plumbing or HVAC upgrades .


Input: How To Cut Homeowners Insurance Costs?

Output: Placing multiple lines of insurance with the same agent is usually a very good tactic to reduce the price of a specific policy . Increasing the deductible , particularly on homeowners insurance is a sure way to reduce the premium . However , most of my clients find that after a few years the coverage increases raise the policy limits and premium higher than necessary . Your agent can recalculate the replacement cost of your home and this often results in a reduction in coverage and cost .


Input: How To Cut Homeowners Insurance Costs?

Output: That is a great question ! There are a couple of quick things that might help . First , look at what policies you might be able to bundle with your homeowners , to get discounts offered by the insurer . For example , your auto insurances may be cheaper if purchased through the same company that insures your home . Many companies will give substantial discounts to have all of your business under their roof . The second thing is to look at raising your deductible . Generally a higher out of pocket on your end means a lower premium . Be careful not to set a deductible that is too high for you to cover though , should you ever need to . Lastly , revalue the contents of your home , and see if you can reduce the coverage that you 'd applied for . Many electronic appliances in particular are much cheaper to replace today than they would have cost ten years ago . Speak to your agent , and have them help you find the best option for you . Thank you for asking !


Input: How To File A Homeowners Insurance Claim?

Output: If you are sued call your agent or company immediately . If you suffer damage to your residence or personal property that just barely exceeds your deductible contact your agent before calling in a claim . Filing a claim might affect future premiums and the net result might be more than you desire . Once you are certain that filing a claim is in your best interest call the companys 800 number and let them know what happened .


Input: How To File A Homeowners Insurance Claim?

Output: There are 2 ways to file a claim you can contact the carrier claim number that is listed on your policy or you can contact your agent that wrote your policy . I Always instruct our clients to contact us 1st that way we can document your file and make sure that your claim has been process right away and filed correctly . having to file a claim is stressful enough a good agent should be able to guide you through the process


Input: How To File A Homeowners Insurance Claim?

Output: That is a great question ! When you have a problem that you need to get help from your homeowners policy on , contact your agent , and they will help you get the process started . Something that you may want to do first though , is assess the cost of the damage first . Let 's sat a branch falls from a tree , and knocks the gutters off the corner of your home , and breaks a window . Get a quick estimate or two on the repairwork . If it ends up being less than your deductible , just pay it , and maybe think about not filing the claim . The insurance company would have made you pay anyway , and there 's a pretty solid chance that your rate would increase as a result of the filed claim . If that were the case , you had a pretty expensive window repair , when you cost it out over the increased cost for the rest of the time you have the policy . I hope that helps , thanks for asking !


Input: Would Home Insurance Cover Tree Root Damage?

Output: No homeowners insurance will no cover tree root damage . Tree root damage is something that occurs over a period of time . A covered claim would need to be sudden and/or accidental and tree root damage is not sudden . Trees are just a big plant and plants need to be maintained . If they appear to be getting out of hand they need to be trimmed or removed .


Input: Will My Inhalers Be Covered By Medicare?

Output: Typically , inhalers -LRB- and the drugs administered by inhalers -RRB- are covered under Medicare Part D and not original Medicare -LRB- Parts A & B -RRB- . A nebulizer used at home may be covered under Part B as durable medical equipment , however , traditional inhalers and other inhalation type drugs would be covered under Part D . If you 're under original Medicare -LRB- and have/don ' t have a Medicare Supplement plan -RRB- and would like to have coverage for your inhalers -LRB- and the drugs administered by them -RRB- , you should secure a stand-alone Part D prescription drug plan to have them covered . If you 're on Medicare Advantage instead , check to see if your plan includes prescription drug coverage as it may cover the inhalers as well . Please note , whichever type of health plan structure you have , drug coverage will have a shared cost involved . Be sure to check with your carrier to see how the inhalers will be covered and how much . I hope the information is helpful - please feel free to contact me with any other questions . Thanks very much .


Input: How To Collect On Disability Insurance?

Output: Disability claims are investigated thoroughly for legitimacy or fraud . Prior sicknesses or injuries not disclosed could jeopardize your claim , or even constitute out right fraud . However , if your claim is legitimate , most of the disability companies in the market pay claims after the paperwork and discovery period is over .


Input: How Much Is Renters Insurance For An Apartment?

Output: How much renters insurance premiums depend on how much coverage you actually would like to carry on your personal items and how much liability protection you would like to obtain . Rates can run as low as 100.00 - 300.00 per year on average . I recommend you consult a local independent agent and discuss your personal needs .


Input: How Much Long-Term Care Insurance Coverage Is Enough?

Output: The number risk in retirement is human longevity . The longer you live the more your retirement funds have to perform to fund your lifestyle and the high probability of assisted living or nursing home care . Purchasing long term care with maximum benefits and an inflation rider can help mitigate this economic exposure .


Input: Does Dave Ramsey Recommend Life Insurance?

Output: Dave Ramsey recommends a lot of things that many financial experts agree and disagree with . Ramsey believes in term insurance , which is an appropriate choice in many situations . But not all situations . The best resource for determining ho much coverage you need and what carriers are the best choice , is an experienced broker . No fees and no hassle . just the best information .


Input: Why Convert A 401K To A Roth IRA?

Output: While this is a serious tax question it could make sense to do this switch . A Roth IRA accumulates money for retirement and there isnt any tax on the accumulation prior to withdrawal . When you withdraw funds from a Roth IRA you will not have any taxes to pay ! Check with your accountant before making this switch as there could be serious income tax consequences in the year that you make the switch .


Input: Why Convert A 401K To A Roth IRA?

Output: That is an excellent question !!! I like these questions , because it shows that you are seriously looking at your retirement . A Roth Ira is desirable as a piece of your retirement plan because the returns are tax free . If all of your other investments are going to lose a good part of the payments to income tax , it helps to have something to offset that loss . You would want to convert your 401k when the tax implications were in your favor , and you did not have a tax sheltered piece in your retirement portfolio . I hope that helped , thanks for asking !


Input: How Much Renters Insurance Is Needed?

Output: Depending on how much your contents in your home is worth should help you determine the amount of coverage . Many people undervalue their belongings and go for `` cheaper '' . In my agency we are not allowed to use the word `` cheaper '' . You need the right amount of coverage for what you own . Also if you have any collections or special belongings that are worth more than the base coverage amounts you need to schedule them so you get the true value back . Cheaper is Never Better .


Input: How Much Renters Insurance Is Needed?

Output: There are two pricing decisions when ordering a renters policy . The first is the amount you want to receive if every bit of your personal property is destroyed . Do you want that property replaced with new or used replacements ? The second is to determine what amount of liability insurance you require . Often this can be as simple as asking , What do you have to lose ?


Input: How Much Is Insurance When Buying A Home?

Output: Lenders normally require a mortgage holder to provide hazard insurance to cover the lenders interest in the property . This is normally interpreted to mean , a homeowners policy . The amount of coverage requested by the lender does not necessarily match the replacement cost for the residence . In California the mortgage holder can not be forced to carry insurance in excess of the replacement cost of the residence . Your insurance agent can compute the cost of the policy that you require .


Input: How Much Is Insurance When Buying A Home?

Output: Good Question . It will depend on many factors including ; Year Built , Construction Type , Square Feet of Living Area , Roof Type , Updates to Plumbing , Heating , Electrical , & Roof , Pets , Pool & Credit history of the buyer . You cover the home for what it will cost to rebuild . The mortgage company will require this as well . On the appraisal it will list how much the appraiser feels it would cost . This is usually based on the GLA , or gross living area , of the home and the quality of construction . Also the area you live in will impact the rate as well . If you live in Florida you are more prone to hurricanes . If you live in California you are more prone to earthquakes . My suggestion would be to contact your local independent agent to get the best rate . As a very very rough idea it costs about $ 450 per $ 100,000 of building coverage on Long Island , NY . Hope this answer helps .


Input: What Is A Surrender Charge On A Life Insurance Policy?

Output: The surrender charge is an amortized -LRB- i.e. spread out over time -RRB- accounting of the costs incurred by the insurer to place the policy in force . They can be thought of similarly to contingency deferred sales charges . The surrender charge is deducted from your cash value if you surrender the policy during the surrender period -LRB- generally the first 10-20 years of the life insurance policy -RRB- . Most life insurance contracts will explicitly tell you the policy value and the surrender value . The surrender value is the contract value net of the surrender charge .


Input: What Is A Surrender Charge On A Life Insurance Policy?

Output: Cash value life insurance generally has two accounts : the cash value account and the surrender values account . The two accounts are generally displayed in your annual policy statement . The surrender value account is the termination cash values as well as a determining factoring in borrowing from your life insurance policy .


Input: Can I Keep Insurance Money From Car Accident?

Output: As a general rule you can keep proceeds from your auto insurance . You can also spend that money as you see fit . But most claimants generally use the money to repair their damaged vehicle , replace their totaled vehicle or as a down payment for another vehicle . In recent years auto insurance companies have been issuing good driver checks that that you can use at your discretion .


Input: How Much Life Insurance Can I Get Without Getting A Physical?

Output: The largest amount of life insurance you can get in one policy without a physical , that I know of , is $ 500,000 . There are other policies that offer up to $ 200,000 to $ 350,000 without a physical . Therefore , by taking several policies a person could get over $ 1,000,000 in No Exam coverage .


Input: How Much Is Renters Insurance With Nationwide?

Output: As a Nationwide Agent , we could certainly help answer that question specifically , but in general , the premium you pay with Nationwide or any other company will depend in large part on how much protection you need . Premium , is a reflection of a company 's pricing based upon the presented risk . As an insurance professional , however , we can also discuss variousmoney saving discounts with you than can hlep your bottom line while meeting your particular needs .


Input: Which Family Floater Health Insurance Is Best?

Output: I believe family floater health insurance refers to a type of program available in India and not the United States . I 'm therefore not able to provide much help with advice for that type of specific program . However , when speaking in generalities regarding -LRB- U.S. -RRB- health insurance , what 's best for you may not be what 's best for someone else - meaning that no one plan is the `` best '' plan you can get . You 've got to look at what the pricing is in addition to what benefits you get under the plan and the networks they follow -LRB- if applicable -RRB- . I would suggest identifying what are the needs and goals you want met most with your coverage . Then , you should review plans that meet that criteria and go from there when you start looking at pricing . I hope the information is helpful - please let me know if you have any other questions . Thanks very much .


Input: If i contact my insurance company, will they increase my rates?

Output: I would suggest you call your Agent during business hours first , and find out if you have a claim-free bonus . Some policies offer it , some you have to earn after being with them for so long . If not , you would be better off paying out of pocket as your rates for claiming such a small amount could exceed the $ 700 worth of damage .


Input: If i contact my insurance company, will they increase my rates?

Output: Talking to your agent will not affect your premiums . Traffic violations and at-fault accidents will affect your premium however . Some companies also offer claims-free discounts . Your agent will be able to give you advice , and your policy might only raise slightly . You should get an estimate just in case to see if it would be cheaper to file a claim or pay the $ 700 . Hope this helps !


Input: If i contact my insurance company, will they increase my rates?

Output: If you have the time , contact your agent to get an estimate on the effect of having such a claim against your record . Some companies reward claims free driving and loss of that reward can be substantial . Having said that , however , if you fail to notify your company , you could unnecessarily expose yourself to a personal injury liability claim if you deal directly with the other party . If you have paid damages and then the other party claims a personal injury as the result of the collision you are not in a good position . If you have the claims department of your insurance company handle the matter they can protect you better than you can protect yourself .


Input: If i contact my insurance company, will they increase my rates?

Output: Contacting your agent may not necessarily result in increased premium but reporting a claim might . Your agent is very unlikely to know how much your rates may increase if you were to file a claim . Keep this simple rule in mind : The less claims you file through insurance company the better . You are better off paying a small claim out of pocket . Let the insurance company handle your large claims . Even not at faults and comp claims will have some impact on your rates with most companies .


Input: If i contact my insurance company, will they increase my rates?

Output: That is a very good question ! You are kind of between a rock and a hard place . If you contact them , and have a ` safe driver ' bonus , you could lose that , and with the subsequent rate increase , -LRB- if there is no first accident forgiveness plan -RRB- you might well exceed the expense of the repairs . On the other hand , if you do not know the person that she hit wo n't be the type that later claims back injuries or some such thing , and takes you to court -LRB- I 'd wonder about this if he or she documented and/or took pictures , and your wife did n't -RRB- , without the power of your insurance company behind you , you could be in a bigger mess . Another consideration is your deductible - if it 's more than $ 700 , you would end up paying that much anyway , and run the risk of a rate increase . If coming up with $ 700 is an issue , and you have a low deductible , then having the insurance company pay may be an option . Perhaps a good thing to do might be to contact your agent , and tell them you and your wife were talking about what would happen if one of you were to have an accident , and were not sure what would happen if so , and have them explain it to you . If it sounds good , then do it , if it sounds bad , then consider your risks of handling it out of pocket . Personally , I 'd probably call them , and explain it exactly as it happened , and trust my agent to what is best for me . I hope it works out for you , good luck , and thank you for asking !


Input: What Exactly Does Life Insurance Net Cash Value Mean?

Output: There can be the cash value account , the surrender cash value account , which may be what the inquiry is addressing , i.e. the cash value after surrender charges . The gross cash values minus the policy expenses could also be the net cash values less any surrender charges . An additional consideration is the net after tax cash values .


Input: What Is The Best Medicare Advantage Plan In California?

Output: There is no `` best '' plan . The plan that fits your needs and budget is the one that is best for you . Medicare Advantage plans are indeed like traditional major medical plans in that they have copay 's and deductibles . But the difference stops there . Most Advantage plans have networks . Some networks are local while others are regional . Some Advantage plans only include coverage if you are treated by a network provider while others will include out of network coverage but with a higher -LRB- and usually separate -RRB- deductible , higher copay 's and higher out of pocket . Exceptions are made to the out of network penalty for true medical emergencies . Make sure you understand all details of the policy , especially your out of pocket maximum . The out of pocket limit does not include non-network benefits or Rx . It also does not include any non-covered medical treatment . In most areas less than half the doctors accept ANY Medicare Advantage plans . Even if your doctor does accept Advantage patients they may not participate in your particular plan .


Input: Why Does Bad Credit Affect Car Insurance?

Output: The reason is just liked mentioned above . To see if they will get paid and how responsible are you . I have this questioned asked when someone is looking for full coverage and what surprises is the everyone check your credit . Buying an I phone ? Buying a car ? Leasing a Car ? Renting an Apartment ? Buying a home or condo ? Asking for a Loan ? . So out of everything i just mentioned the only thing that pays out in the event of an occurrence is Insurance . So why would n't they check your credit ? Remember when your asking for a quote online or over the phone and they say `` we have to run a financial responsibility check '' that 's a soft check that the company is doing . Almost every carrier that i represent now and have represented across five states in the past check credit . My suggestion to you is let the agent or company know if that the issue so they can tell you upfront if you qualify or not . Thank you and good luck .


Input: Why Does Bad Credit Affect Car Insurance?

Output: That is an excellent question ! There are a couple of reasons why auto insurers look at your credit score -LRB- and other insurers , btw ... -RRB- and payment histories . The first should be pretty obvious - they want to make sure that they will get paid , so the more likely you are to make on time full payments , the less risk to them . On the other hand , if the risk of not getting payments on time , or receiving partial payments will cost you more in a higher premium . The second reason is a little more subtle . The assumption is that having poor control of your finances is an indicator of the possibility of not being in control of other areas of your life . If you take risks with your money , maybe you take risks with your car , or your health , etc. . If you are prone to taking those sort of risks , then the companies risk also increases , as will your premiums . If you have issues with your credit , be sure to explain them to the agent , many will find a way to work with you . I hope that helps , thank you for asking !


Input: Why Does Bad Credit Affect Car Insurance?

Output: Over the years car insurance providers as well as providers of other insurance solutions , have evolved their underwriting review practices in order to better evaluate the risk they are being asked to insure . Many years ago things like the color of a car or whether it had 2 or 4 doors would affect the premiums paid . These days , hoewever , insurance companies are much more sophisticated intheir evaluation rocedures and many have included credit history when evaluating an applicants ; request . Simnilar to one 's driving record and accident history , a credit report can help an insurance companyu to better understand the risk factors of one 's life style . Thus , a better credit history , along with a clean drigving record , hepls an insurer to feel more confident that they are insuring a person less inclined toward risky decisions .


Input: Does Term Life Insurance Mature?

Output: Nope , it just ends at the end of the term period of the policy . That may be 10 , 20 or 30 years but once the policy 's allotted time span has run its course it 's done and the insurance coverage ceases . The term `` mature '' is usually associated with permanent life insurance policy types that are set up to be paid for in full after some period of time that can range from being paid up at the time of purchase or over a span of many years . However , once that type of policy matures then the need for payment of premiums ceases and yet the policy stays in effect until the death of the policyholder .


Input: Does Term Life Insurance Mature?

Output: Does Term life insurance `` mature '' ? Typically the term ` mature ' as used in connection with life insurance policies refers to policy reaching the point at which the cash value has attained the `` face '' value of the policy . At that point the face value of the policy will be awarded to the owner and the policy terminated . In the case of Term insurance there is NO cash value ever , so in the typical sense as used in life insurance parlance term insurance does not mature . However one could say that a term insurance policy `` matures '' at the point at which it terminates . That is it has reached the full term and then expires .


Input: Does Term Life Insurance Mature?

Output: The phrase , maturity date , is used in different ways . Some life insurance companies call the end of the term the maturity date . So in that sense , term life insurance does have a maturity date . More commonly , maturity date refers to a date that has been set at the time you purchased the policy , when the cash value equals the death benefit . If you have not died before that time , you can then take out the cash value/death benefit on the maturity date . Term life insurance does not have cash value , so it would not pay out anything on the maturity date .


Input: Does Term Life Insurance Mature?

Output: That is a great question ! Term life insurance policies are very simple things . They provide protection that begins the day that the policy is approved and issued , and lasts exactly as long as the policy specifies . There is no maturity point , as the coverage is full from start to finish . And that is the thing to be aware of with term policies - they will most often end before you do . There is no returnable cash or value , and no more coverage after the specified day the term period ends . Be aware that extending that coverage becomes very expensive very quickly . Please discuss your need for insurance with an independent agent so they can best steer you to the policy that will work best for you . Thank you for asking !


Input: Does Term Life Insurance Mature?

Output: Life insurance really does not mature . Permanent life insurance or cash value life insurance does not mature but they endow . These are the whole life and universal life policies that endow when the cash value equals the face amount . Term life insurance has no cash value and can not endow . Term life insurance either expires when the term is met or has a steep rate increase when the term is met .


Input: When Does Government Health Insurance Start?

Output: Government health insurance begins when you go to work for a government agency including the military . If you are a civilian employ of the government , you may also qualify for government provided health insurance . If you meet poverty guidelines you may qualify for Medicaid or SCHIP . If you are 65 or older you may qualify for Medicare .


Input: Does Auto Insurance Cover Bicycle Accidents?

Output: If you are speaking of your vehicle while you are driving striking a bicyclist , then yes your automobile insurance would typically cover the damages . If you are asking from the stand point that you are the bicyclist and are involved in an accident , then no your automobile insurance would not typically provide coverage .


Input: Does Auto Insurance Cover Bicycle Accidents?

Output: If you mean your car having an accident with a bicycle then yes . Your auto insurance liability would cover any at fault accident , whether it is a car , bike or other structure . You collision would pay for your vehicle if damaged by a bicycle that hits you .


Input: How Much Does Non Owner Auto Insurance Policy Cost?

Output: The cost of a non-owner auto insurance policy will depend on your location , your age , your sex , your marital status and your driving record . They can cost as low as a couple hundred dollars per year but there will be a different rate for every driver . They usually cost less than insuring a vehicle for the same driver would cost .


Input: How Much Does Non Owner Auto Insurance Policy Cost?

Output: The cost is relatively low . Finding companies that write the coverage can be challenging . Contact a competent insurance agent for help . Understand that this coverage is in excess of the coverage already carried by the car . If you are borrowing your brothers car , and it is fully insured , the non-owned policy will only come into play if the loss exceeds the limit of your brothers policy .


Input: Can You Use A Life Insurance Policy As Collateral?

Output: Yes , you can use a life insurance policy as collateral in some situations . The Small Business Administration -LRB- SBA -RRB- often requires a life insurance policy on the borrower so that they can get their loan paid by the policy in case of death of the insured . Key employee life insurance can sometimes be used as collateral for obtaining business loans . To use a life insurance policy as collateral for a loan , most lenders require that the policy be assigned to them . This is done by a collateral assignment form . The beneficiary of the policy is usually a relative of the policy owner , but the collateral assignment form allows the lender to take what is owed to them first . Then the remainder goes to the beneficiary stated .


Input: Can I Be On My Boyfriends Car Insurance?

Output: Yes you may be added as an operator on your boyfriends auto insurance . Insurance companies want to be sure that all drivers that have access to the insured vehicles be named on the policy . However if your question is can you also add your vehicle to your boyfriends policy then your options are very limited although there are a few companies that will allow this .


Input: Can I Be On My Boyfriends Car Insurance?

Output: The simple answer to this question is `` Yes '' , you can be . However , there are certain stipulations that will come into play . The first is that on most personal auto policies , for two or more people to be on the same policy , they need to have the same physical address . The exception to this would be a situation where a parent and a child share insurance , but the child is away at school , either with or without a vehicle . The other stipulation is that any time two people are on the same policy , and are living at the same address , they need to carry the same level of coverage . Typically , you will save money by having multiple people on the same policy , especially if you both have your own vehicle . So it is worth it to combine policies if you do qualify to do so .


Input: Who Pays For State Disability Insurance?

Output: If by state disability insurance you are referring to mandatory short term disability insurance law , this is paid for by the employer as it is required by the state that the employer cover its employees with short term disability insurance . There are five states with this requirement ; they are : California , Hawaii , New Jersey , New York , and Rhode Island


Input: How To Sign Up For Medicare A?

Output: You can sign up for Medicare Part A by going to the social security website , ssa.gov , and go to Medicare under the benefits tab . From there , there will be instructions provided to guide you through the sign-up process on the website . You can also go down to your local social security administration office as well .


Input: How Does An Auto Insurance Policy Work?

Output: Auto coverage will vary slightly depending on your state . However auto insurance is typically broken down into the following coverages : Liability Bodily Injury - Pays to cover the medical expenses of the damaged party -LRB- typically another driver and their passengers -RRB- if you cause an accident . This pays up to the limit listed on the policy . There is a limit per person and an aggregate limit per accident . Liability Physical Damage - Pays to cover damage to vehicles or other physical property -LRB- mailbox , guardrail , traffic signal , etc. -RRB- caused by the insured -LRB- you -RRB- . This pays up to the limit listed on the policy . Uninsured Motorist Liability & Uninsured Motorist Physical Damage - This coverage protects the insured against motorists without insurance or with insufficient limits to cover medical and physical damages to the insured . This pays up to the per person and aggregate limits listed on the policy . Collision - Pays the cost to repair/replace your vehicle if you hit something/someone minus the deductible listed on your policy . Note that if your vehicle is a total loss then you will be compensated based on the actual cash value of your vehicle which is the value of your vehicle considering depreciation . Other Than Collision -LRB- Comprehensive -RRB- - This coverage pays to repair/replace your vehicle for theft , vandalism , hail , damage by animals , etc minus the deductible on your policy . If your vehicle is a total loss it will be valued on an actual cash value basis . Personal Injury Protection - Pays for medical/disability expenses of the insured for an injury occurring in or around your vehicle up to the limit listed on the policy . Accidental Death & Dismemberment - Small life insurance component often added to auto policies that will pay a death benefit if you die or are permanently disabled in an auto accident . Towing/Roadside Assistance - Varies significantly by company and state Rental Coverage - Covers the cost of a rental vehicle for the time that your vehicle is in the shop due to a covered loss . There are multiple levels and this coverage may not cover the full cost of the rental .


Input: Can You Be Penalized For Not Having Health Insurance?

Output: Beginning in 2014 , under the new affordable care act , everyone will have to have health insurance or pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years .


Input: What The Cost Of Long Term Care Insurance?

Output: The cost of long-term care insurance is based on many factors including your age , health conditions , average cost of facilities in your area and the type of coverage you want . An experienced broker is ideal to review the best plans with you at the best prices . But do n't work with anyone unlicensed or a part-time worker . Any person that spends any significant amount of time in the media side of the business will not be your best resource . Once again , a full-time broker is going to provide the best information .


Input: How Do I Get Car Insurance For The First Time?

Output: Ask your colleagues , friends and neighbors . Select an agent with a good reputation . You want an agent that will stand with you when necessary . Give the agent every piece of available information and make sure that he or she accurately reports it to the insurance company . Listen carefully to the agents recommendations concerning coverage . Choosing the lowest liability limits greatly reduces the insurance companys exposure and greatly increases your own .


Input: Can I Transfer Renters Insurance?

Output: Based on my experience and personal education renters insurance is not transferable . Renters insurance is written to cover the insured and the insureds immediate family residing in the same premise as the insured . This means if there is more than one person living in a rented premise and the other tenants are not immediate family then they would be expected to purchase their own policies to be properly covered .


Input: Can Variable Annuities Be Rolled Over?

Output: Yes a Variable Annuity can be rolled over most of the time . However , you should be aware of any possible surrender charges associated with the Variable Annuity before you roll it over to a new product . The only exception to this would be if the Variable Annuity was inside a 403b/TSA . Then it would be subject to 403b specific regulations which could very likely prohibit the transfer if you are still employed through that company .


Input: Does Life Insurance Affect Social Security?

Output: If you are the beneficiary of a life insurance policy in which the Insured person passes , the amount of proceeds that you receive from that life insurance policy will not affect your Social Security benefits . The same holds true if you cash in a Whole Life policy . This is considered `` unearned '' income and will not cause a reduction in your Social Security benefits .


Input: What To Look For In A Retirement Plan?

Output: Choosing the retirement plan for yourself can be a daunting task , but here are a few factors that may assist you in your decision . First should you use a qualified or no qualified plans?Second , should you use your employer sponsored or individual retirement plan?If you are ina high tax bracket and your employer offers matching contributions , you should select a qualified employer sponsored retirement plan like a 401 -LRB- k -RRB- .


Input: Can You Borrow Against Your Retirement Plan?

Output: Some retirement plans include provisions in the plan document that allow hardship loans , some do not . If your plan includes such a provision there are usually specific requirements that must be met for the loan to be approved . There is almost always a limit on how much you can borrow and details on how and when the loan must be repaid .


Input: Does State Farm Life Insurance Test For THC?

Output: Yes , State Farm does offer three types of annuity products at this time -LRB- June 27 , 2013 -RRB- . The titles and descriptions of these three products are : Future Wealth Builder '' -LRB- a flexible premium deferred life annuity -RRB- , `` Future Income Plus '' -LRB- a single premium deferred annuity -RRB- , and `` Guaranteed Income '' -LRB- a single premium immediate annuity -RRB- .


Input: Does State Farm Life Insurance Test For THC?

Output: Unless something has changed recently with their testing protocol , no State Farm does not test for THC .


Input: Does State Farm Life Insurance Test For THC?

Output: Life insurance that is fully underwritten will involve a blood test , urine sample plus the taking of vital signs all performed by a paramedical examiner . With this information , a life insurer will test for many things which include various chemicals such as THC . The statements made on the application are also important . In this situation , assuming everything else is normal , a carrier would likely offer smoker rates .


Input: Does State Farm Life Insurance Test For THC?

Output: If the policy you applies for requests a paramedical with blood or urine then yes , they will test for THC and other drugs . Even if they do not request those procedures there is a question on the application regarding illegal drugs . A misleading answer to that question could result in a claim being denied if you die due to a drug related incident within two years of policy issue .


Input: Why Does Suze Orman Like Term Life Insurance?

Output: Suze Orman likes Term Life Insurance because it is a low cost way of protecting your family if you should die while they are dependent on your income . The product is easy to understand , is straightforward , and if you should die before the term is up , the death benefit is paid tax free to your beneficiaries .


Input: Why Does Suze Orman Like Term Life Insurance?

Output: I do n't know or watch Suze Orman so I ca n't really state why she likes term life insurance over cash value life insurance . I do know that Suze Orman , Dave Ramsey and other talk radio types make blanket statements that do not suit every ones situation . The thing to remember their advice is free and you get what you pay for . Use a trusted independent advisor when purchasing life insurance to be sure you get the best product at the best price for your unique situation .


Input: Why Does Suze Orman Like Term Life Insurance?

Output: Suzie and others in her line of business are still promoting the `` Buy term and invest the rest '' philosophy . Which was maybe a viable strategy 30 + years ago when you could count on 10 to 20 % return on investments . However in the more recent economic environment investing in a good Whole Life policy with a Mutual company can provide the safe , guaranteed financial growth needed in these volatile times as well as provide a cash fund that can be used for investing in the market when things bottom out so that you can take advantage of the up turn in investments when it happens . All while at the same time protecting your family and assets .


Input: Why Does Suze Orman Like Term Life Insurance?

Output: Whether it 's Suze Orman or any of the other `` gurus '' that discuss life insurance for the majority of people , you must have a point of view that defines you with an audience . Orman is life a stopped watch , she is exactly right , but not all the time . The problem with other types of coverage is that many people spent money on whole life at the behest of an agent when that is not the appropriate type of coverage . Beware anyone that tells you what to purchase without knowing anything about your particular situation .


Input: Why Does Suze Orman Like Term Life Insurance?

Output: That is a great question ! I did n't think she liked much of anything , except big piles of cash ! -LRB- I 'm joking , of course -RRB- My guess is that she likes it for the same reason that Dave Ramsey does - it 's cheaper than whole life , if you need to purchase life insurance at all . In their worlds , -LRB- think middle to upper middle class and higher -RRB- , you should purchase term life insurance , save or invest the difference of what your whole life would have cost , and hope that you die within the term period . Some people are able to do that , and so the financial guru 's smell like roses with their good advice . I hope that helps , -LRB- and no offense meant , Mr. Ramsey or Ms. Orman -RRB- , thanks for asking !


Input: Can I Purchase Life Insurance A Few Months Before My Heart Surgery?

Output: Not only in just this case , but in general , it is usually not possible to apply for a medically underwritten life insurance policy months before a major surgery . Most policies want you to wait until after the surgery to apply . With Marfan Syndrome , you may only be able to purchase nonmed , simplified issue polices . I know that Marfan 's is often diagnosed while in adolescence , so you may not be old enough , yet , to purchase a guaranteed issue policy . If you are 40 or over , you should be able to get one . About a year after your surgery , contact an agency that specializes in impaired risk life insurance and get something , then try again a year after that . If you time it right , you should be able to get a few affordable policies together to carry on throughout your life .


Input: Can I Purchase Life Insurance A Few Months Before My Heart Surgery?

Output: That 's a great question ! First of all , let me offer my hopes and prayers for your health and recovery . You are in a situation that really highlights the benefits of purchasing life insurance before the need , and how easy it is to fall between the cracks . If you are over 40 , you can purchase what is called a `` guaranteed issue policy '' . They are a little more expensive usually than other policies , but ask few if any health questions . The downside to them , other than higher cost , is that they all have a period called a `` grade '' where the payout should you pass is just what you 'd paid in , plus some interest . My advice would be to find an agent to help you find one that will have the shortest grade and the highest interest , to best protect yourself . If I can help in any way , please contact me . Again , best of luck , and prayers for you . Thanks for asking !


Input: Can I Purchase Life Insurance A Few Months Before My Heart Surgery?

Output: You can purchase a life insurance policy on a guaranteed issue basis only from the information you provided . First , since this is a second surgery , the first one will require doctors notes . They will find in your record that a second surgery is needed and/or see it is scheduled which will cause them to at minimum postpone the application for 2-5 years depending on the company . Therefore , a guaranteed issue policy which will give a max death benefit of 35k . You may be able to get more with some additional research on companies that offer this type guaranteed life insurance .


Input: What Is A Flexible Premium Life Insurance Policy?

Output: A flexible premium life is also called Universal Life . It is a hybrid of term insurance with a built in cash feature that accumulates interest . It is called flexible premium because technically there is no set premium , unlike Whole Life or Term . You can put as much in it as you want if you would like the cash value feature to grow , or as little as you want , even skip premiums as long as there is enough in the cash fund to pay for the term insurance component .


Input: What Are Qualifying Life Events For Health Insurance?

Output: When can individuals enroll after May 1 , 2014 ? Here are the Qualifying Life Events that will allow an individual to purchase health insurance before January 1 , 2015 Loss of minimum essential coverage Marriage , birth , adoption Gain citizenship or qualifying immigration status Enrollment errors by Marketplace Qualified health plan violates its contract Change in eligibility for tax credits and/or cost sharing Move Enrolled in non-qualifying employer coverage Lose employer coverage Student graduates college and loses student health plan


Input: What Does Fully Vested Mean In 401K?

Output: A retirement plan that includes contributions from the employer will have a vesting schedule . You do not fully own the contributions made by your employer until you meet the vesting requirement . There may be a vesting schedule in which you would own the employers contributions in increments . To be fully vested means that everything in the plan is available to you .


Input: What Is A Good Home Insurance Policy?

Output: A good homeowners policy is one that pays the maximum amount possible when you file a claim . It starts with a good agent who will listen to you , provide solid financial advice and communicate with you and the insurance company accurately . When this agent sets the right limits and advises you on optional coverages which could affect you coverage should be correct . Then when the loss comes , your company will step in and take care of you .


Input: Why Is Disability Insurance Necessary?

Output: Disability Insurance is necessary because you NEVER know when you might become sick or disabled . While many people think , `` Oh , my savings will take care of me while I recover , '' they forget that some illnesses or injuries can be disabling for the rest of a person 's life . Having disability insurance provides you with the security of knowing that , even in the case of a prolonged injury or sickness , you 'll still receive a monthly income for a pre-determined amount of time .


Input: Why Is Disability Insurance Necessary?

Output: Disability insurance is a major part of defensive financial planning . Fundamentally , it 's paycheck protection . Most American workers have 90 days of cash reserves . A prolonged sickness or recovery form injury can be financially devastating to family members or business partners , not to mention the inability to pay monthly bills that could effect your credit rating .


Input: Is Medicare Free?

Output: Medicare is not really free . During your working years , you have money deducted from your paycheck every pay period -LRB- subject to limitations and caps -RRB- . That money goes to Medicare to help pay for benefits youwill receive when you become eligible . Afteryou are eligible , there will still be gaps in coverage that require out of pocket cost . Thus ... perhaps the need for a Medigap plan that can help pay those gaps . An experienced broker can help you choose the best Medigap plan .


Input: Can You Negotiate Auto Insurance Rates?

Output: Typically the local agent does not have any control over the rates that you pay for your auto insurance coverage . There arevery few carriers that provide the local agent with flexibility on the commission that they receive from the sale of a policy which could provide for some adjustment in your rate if the agent would be willing to earn less commission on the sale of the policy .


Input: Can You Negotiate Auto Insurance Rates?

Output: You may be able to with some independant agencies that allow an agent to change the amount of comission that they receive for a policy . The amount that this can your premium will typically be minimal . Typically your premium for your auto insurance will remain pretty standard with a specific carrier within a specific geographic location . It would be better to shop your coverage with other carriers rather than try to negotiate your rates .


Input: Does Medicare Cover Euflexxa?

Output: Medicare will cover Euflexxa and otherHyaluronan injections for osteoarthritis of the knee , only . The injectable drugs covered are Euflexxa , Hyalgan , Synvisc , Supartz , Orthovisc , and Synvisc One . The osteoarthritis of the knee must be proven by x-ray and no more than one injection will be paid for in every 6 months .


Input: How Much Is Health Insurance For Self Employed?

Output: The average cost in the country for a health insurance plan -LRB- overall -RRB- is estimated to be about $ 328 per month - however , this is only reflective upon a silver level plan -LRB- not all 2014 state figure averages are available yet -RRB- . While you can try to come up with an `` average '' cost , there 's too many factors that go into premium pricing to say how in relation that compares to an individual as compared to the overall group . In short , an `` average '' premium is a rather useless figure to the individual . It 's only representative to a large group - you could have people paying a small nominal amount -LRB- after factoring in subsidies -RRB- per month to several thousand dollars per month . Even for that there 's a ton of information to sift through to get an accurate representation . Whether you are covered under an individual health plan or group coverage will influence what you 're paying . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age and zip codes are big factors as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . I always recommend consulting with an experienced broker regarding your personal health coverage . We can work with you to look at a wide range of options from many of the top carriers in the industry and find the plan that 's going to be best suitable for your needs . Please let me know if I can be of further assistance . Thanks very much .


Input: How Many People Have A Retirement Plan?

Output: That is a great question ! The really short and really scary answer is not enough . And of those who do , the majority have found that it is nowhere near enough . The average retirement fund has enough to provide for three years of current standard living , but the average lifespan after retirement is fifteen years . What is going to happen those last twelve ? Add to that the rising costs of skilled care , -LRB- 70 % of Seniors will require some at one point -RRB- and even the little savings disappear quickly . Unfortunately , we do n't emphasize teaching people about retirement preparation , and as a result , 55 % of our Seniors live in poverty , and depend upon public programs that will soon be bankrupt to survive . I sincerely hope that is n't you , one day . If you are afraid it is , please contact me . Thanks for asking !


Input: How Many People Have A Retirement Plan?

Output: In a recent CNN Money article , the publication cites staggering statistics on retirement readiness of the baby boomer generation . It state s that 60 % of American workers have less than 25 % in savings and investments , excluding their retirement plans and home equity . But their retirement plans are woefully underfunded with little home equity .


Input: How Much Does A Long Term Care Insurance Cost?

Output: Two 60 year old nonsmoking and in good health issued on one policy will pay around $ 300 a month for long term care insurance . It depends on many factors both personal and the selected policy provisions . Long Term Care Insurance premium is determined by medical information collected on the insured like gender , age , heath history , current medical condition , smoking status and the electable policy provisions like the elimination period the benefit amount and riders such as inflation .


Input: How Much Whole Life Insurance Should I Get?

Output: Participating whole life insurance purchased for death benefit coverage may or may not be the best guaranteed option for permanent coverage , but that being said you should cover your financial liabilities , future obligations , your income and any charitable intent . Its price is based on medical information , behavioral activities and financial suitability . Medical information includes gender , age , smoking status , health history , current medical condition . Behavioral activities include motor vehicle violations , dangerous recreation and hazardous vocation . Financial suitability is also a critical component in the amount of coverage you can secure . You can only purchase what if financially justifiable .


Input: Does Renters Insurance Cover Sewage Backup?

Output: Renters insurance does not cover sewage backup on its own . There is an endorsement available to add this coverage , usually for just a few dollars per month . It 's worth remembering that endorsements must be made before a loss occurs . You can not call your insurance agent and add the water and sewage backup endorsement after you discover the problem , there will be no coverage because the endorsement was not applied at the time the loss occurred .


Input: What Is Life Insurance With Cash Value?

Output: Life insurance cash value is the account value less of all policy expenses and then earnings applied to the remaining cash value accumulation . There are four cash value policies : participating whole life , current assumption universal life , indexed universal life and variable universal life .


Input: What Is Life Insurance With Cash Value?

Output: Life insurance with cash value is normally permanent insurance -LRB- Whole or Universal Life -RRB- that builds up money within the policy . This cash can be used while still alive by borrowing from it . Or it can be used to pay policy premiums . When the cash value reaches the value of the death benefit , the policy is said to endow or mature .


Input: What Does Life Insurance Blood And Urine Test For?

Output: That is a great question ! While they may also look for other things , as a rule they will look for these things : Your sugar levels , for diabetes ; cholesterol/triglycerides for heart disease/stroke risk ; drug , alcohol and tobacco use -LRB- both illegal and legal drugs -RRB- ; chemicals that show kidney health and liver health ; proteins that show cancer risk ; HIV and hepatitis . All of these things help validate the truthfulness of your answers , and assess their risk insuring you . Great question , thanks for asking it !


Input: What Does Life Insurance Blood And Urine Test For?

Output: in recent years , a blood profile and urinalysis includes a lot of information when ordered by life insurance companies . The list is long and riddled with chemical names and acronyms : glucose , albumin , protein , cholesterol , liver enzymes , GGTP , PSA , BUN , nicotine , drugs and so on . It continues to evolve over time . A life insurance underwriter is looking for abnormal results which , on their own may not mean much but when compared additional information collected such as medical history , readings for blood pressure , etc. , it helps them assess mortality risk .


Input: What Does Life Insurance Blood And Urine Test For?

Output: Since your doctor always orders the same thing , there is a good reason to believe that there is a great deal that a company can tell based upon your blood panel and urinalysis . What is certain is that they determine if you are smoking or using drugs . One of the things that they arent doing , yet , is actually doing a DNA profile . That could come in the future .


Input: What Is Overlap On Annuities?

Output: Overlap on annuities is when an annuity pays two incomes to a surviving dependent for a period of time . It happens when someone purchases a Joint Annuity that is also a Guaranteed Annuity and dies before the guaranteed period is ended . If they have chosen to have the annuity payments start upon their death , and have set up the annuity on an overlap basis , the policy will pay the dependent two incomes until the guaranteed period is ended .


Input: Will My Homeowners Insurance Cover Foundation Problems?

Output: If your foundation is damaged by a covered peril , then it would be taken care of by the home insurance -LRB- so if a house fire causes damage to your foundation you would be fine -RRB- since the foundation is part of the house . However , home insurance policies exclude damage by flood and hydrostatic pressure , so if your `` foundation problems '' are due to the pressure of water , or shifting ground there would not be coverage . If the concrete is simply no good , that is also excluded since it is caused by a slow degradation , not a sudden and accidental occurence . It 's hard to answer your question without more info . Send me a message and we can address it specifically .


Input: How To Become A Life Insurance Agent?

Output: To become a licensed life insurance agent in your state first go to your state 's website and search for the Department of Insurance or DOI . There you will find your state 's requirements for becoming licensed . There are several variations for meeting your state 's requirements . Usually it will include 30-40 hours of either live classroom training or online training . They include study work to earn a certificate to take your exam usually at a live monitored location in your state . Most states also require a background investigation and or finger prints . All of these fees are usually at your expense . However there are companies that will pay your fees if you look for them . Some states also require you be appointed to an insurance company before your license is issued and others will just issue the license . I recommend shopping companies and agencies while in the process to see who may have the best training program in place to get you started .


Input: How To Become A Life Insurance Agent?

Output: Most states required some type of class or classes . For example in Florida , there is a 40 hour class that now can be completed online . Thereafter the person is required to pass a state exam . There are usually some type of fees involved for the courses and the exam .


Input: What Does Medicare Extra Help Pay For?

Output: Medicare Extra Help pays for expenses associated with purchasing a Medicare Prescription Drug plan . Medicare Extra Help helps persons of low incomes and assets to pay for the premiums , deductibles and co-pays of a Medicare Prescriptions Drug Plan . You can call Social Security at 1-800-7772-1213 to see if you qualify for Medicare Extra Help .


Input: Is Wood Rot Covered Under Homeowners Insurance?

Output: Wood Rot does not fall under the category of sudden or accidental . Wood Rot would be a condition generally caused by a slow lead or drip of water which over time rots the wood . Since this was a long term condition that could of been dealt with had the leak or drip been fixed this would not be a covered loss .


Input: Does Private Health Insurance Cover Tummy Tuck?

Output: Private health insurance will not going to cover elective surgeries that are done for cosmetic reasons . It will cover this same surgery if the doctor orders it for a health reason though . You should discuss this with your Heath insurance company or your agent if you are uncertain about it .


Input: How To Open A 401K Retirement Plan?

Output: Opening a 401 -LRB- k -RRB- Retirement Plan is something which your Human Resource department needs to assist with through your employer . Before you can open one , you have to be working , and working enough hours to qualify for participation in the 401 -LRB- k -RRB- . There should be a Representative who the HR department can contact who can answer specific question about your available plan .


Input: How To Open A 401K Retirement Plan?

Output: Is a 401 -LRB- k -RRB- retirement plan that way to go ? Are you an individual or business ? If you 're an individual and your contributions will not exceed the contribution limits of traditional IRA , you can save yourself a lot of hassle by using it . But if you 're a business using a 401 -LRB- k -RRB- as a benefit of employment to attract recruits and retain employees , then a 401 -LRB- k -RRB- may be the way to go . If you open a 401 -LRB- k -RRB- get ready for the administration paper work , admin items , compliance reviews , etc. . It can be worth the hassle , but do your due diligence first .


Input: How Much Is Homeowners Insurance?

Output: Homeowners Insurance premiums reflect the amount of risk that an insurance company will be assuming when insuring a home . Numerous factors affect pricing of course , so it is difficult to give a blanket response to this . Consider the amount of coverage and the deductible for example . You will pay more for a home insured to $ 450,000 than you would for one at $ 250,000 . You will pay more for a $ 500 deductible than you would for $ 1000 or more . Type of building materials , proximity to a coastal location , distance from fire hydrants and fire departments all factor in .


Input: What Kind Of Renters Insurance Do I Need?

Output: Unless , I am mistaken . There is only one kind of renters insurance . There are endorsements that can be added on to a policy to make it specific to your coverage needs , but the base policy is fairly standard for most carriers . Most carriers use ISO as their base form provides a standard language for the policy itself . Contact a local agent to find out what carriers and coverage that they have available . They are there to help you be better educated so that you can decide on the coverage that is right for your situation .


Input: Is It Illegal The Law To Not Have Homeowners Insurance?

Output: No . It 's not illegal to be without homeowners insurance . However , if you have a mortgage on your house , your lender will require that you carry adequate insurance on your house . Furthermore , the lender will require that they be listed on the insurance policy . If you do not comply , they will purchase home owners insurance for you and charge you for it . It 's more expensive that way .


Input: Is It Illegal The Law To Not Have Homeowners Insurance?

Output: Unlike automobile insurance , California does not require a homeowner to have an insurance policy . The mortgage company will almost always require an insurance policy on which they are named as mortgagee . That protects their interests . However , few homeowners can be sued or lose their home in a fire and not feel financial pain . That is the purpose of the homeowners policy , to share that risk with others so that if it should happen to you , you can be made whole .


Input: What Does Collision Mean On Auto Insurance?

Output: Collision is a defined term in the Personal Auto Policy , so there is not a lot of debate about what collision means . According my copy of the Personal Auto Policy published by The Insurance Service Office -LRB- ISO -RRB- , Form PP 00 01 01 05 , Part D - Coverage For Damage To Your Auto , Paragraph B. . . Collision means the upset of your covered auto or a non-owned auto or their impact with another vehicle or object . Loss caused by the following is considered other than collision : 1 . Missiles or falling objects ; 2 . Fire ; 3 . Theft or larceny ; 4 . Explosion or earthquake ; 5 . Windstorm ; 6 . Hail , water or flood ; 7 . Malicious mischief or vandalism ; 8 . Riot or civil commotion ; 9 . Contact with bird or animal ; or 10 . Breakage of glass . If breakage of glass is caused by a collision , you may elect to have it considered a loss caused by collision . I hope I 've answered your question . If not , feel free to call , fax or email me . Kevin P. Foley , CPA , CPCU PFT&K Insurance Brokers T 877-414-2031 F 877-405-3025 E kpfoley -LSB- at -RSB- kpfoley -LSB- dot -RSB- com W www -LSB- dot -RSB- kpfoley -LSB- dot -RSB- com


Input: What is the best secondary insuance?

Output: I suspect you are asking about `` supplementary '' insurance . Secondary insurance is a term associated with when a person is covered under 2 different health insurance policies . Most commonly when a husband and wife both work at different employers and one or both are enrolled in their employer 's health plan and are covering their spouses as dependents . In this situation the two policies will `` coordinate benefits '' and one policy will cover what the other does not . But there is really no `` best '' in this situation , it 's just whatever coverage the other spouse has . Supplementary policies are numerous and varied and are offered by a growing number of insurance carriers . Some supplementary policies are specifically designed to cover health insurance plan deductible and other out-of-pocket expenses . Others can be targeted for specific situations such as cancer and critical illnesses . The sad fact is that there is no objective measure that can tell you what the `` best '' supplementary policy is for your specific situation . Some consumers will associate lots of advertising and the branding of a certain aquatic fowl with being the best . This may or may not be true . Seeking out the advice of an independent health insurance agent would be in your best interest if you are in the market for supplementary coverage . Agents tied to one specific insurance company can only show you that insurance company 's products and so their objective will be to fit your needs into their box whether it 's the best fit for you or not .


Input: How Much Can I Put Into My Retirement Plan?

Output: How much can you put into your retirement plan ? Well , it 's going to depend on what type of plan you have and what age you are currently . The Internal Revenue Service sets different annual limits for different plans . The age aspect is that in most plan cases , an older participant is now allowed `` catch up '' provisions that allow for additional contributions above the limits to be made .


Input: How To Plan For Retirement When Self Employed?

Output: You want to determine your tax bracket , how much you want to put away for retirement and how long will you make contributions . If you are in a high tax bracket , you may want to consider a qualified plan like SEP IRAs , that have significant opportunity to contribute based on your income . Non qualified plans are generally funded with life insurance and annuities with less restrictions than a qualified plan .


Input: Until What Age Can I Be On My Parents Health Insurance?

Output: You can be on your parents ' health insurance plan until age 26 . After that , you would be required to secure your own individual health plan . You do have the option of securing an individual health plan prior to 26 , you are not required to stay on it until you 've reached the age limit . Many young individuals entering the work force after college generally secure their own health plan or join a group health plan through their employer . If you would like assistance with finding a health plan that best serves your needs , send me a private message . You can also visit my website , TermInsuranceBrokers.com , to review plan information and run free instant quotes from many of the top major medical companies .


Input: How Quickly Is Life Insurance Paid Out?

Output: How quickly life insurance is paid out depends on the company and if all the `` ducks are in a row '' . If the company has changed hands , the address of the beneficiary has changed , etc , it may take a couple months to submit and receive the claim . If everything is up to date and the processing time of that company is fast , it may take less than a week .


Input: When Can You Change Your Homeowners Insurance?

Output: Homeowners Insurance can be cancelled at any time by the Insured . The Insured may be required to submit a signed request to cancel the policy ; it is important to purchase a new policy and make sure it is effective the same date as the cancellation of your old policy . All policies have a Standard Time of inception and expiration at : 12:01 a.m. . There is an online link available to obtain a quote and purchase Home Insurance directly online in multiple States . The link is : WEBSITELINK If the reason for changing carriers is due to an issue with an inspection which was conducted -LRB- interior or exterior -RRB- on your property , we must advise that all carriers are now inspecting risks which means you will most probably have the same issue with another carrier . On the other hand , an insurance carrier has legal restrictions regarding the cancellation of an insurance policy ; they may only cancel a policy for any underwriting reason during the first 60 days of a new insurance policy . They may cancel a policy at any time for non-payment of premium following the State requirement for legal notice .


Input: What Does A Health Insurance Premium Mean?

Output: This is the term used to describe the monthly obligation you pay to have the policy . Think of it in terms of `` payment '' . Premiums will vary on a policy depending on the type of policy it is , the deductible , the co payment , whether you have dental or vision , etc. . Most people keep policies longer the more affordable a monthly premium is to their budget .


Input: How To Save On Renters Insurance?

Output: The best way to save on Renters Insurance is to obtain a quote selecting Personal Property limits only enough to cover the replacement of your contents , the minimum Personal Liability Coverage Limit and the maximum Deductible available . The above combination will produce the minimum possible premium and provide the coverage that you need at an affordable price . There is a link providing an online format to obtain a quote and buy renters insurance online in multiple States ; may be used byReal Estate Professionals and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: How To Apply For Life Insurance Online?

Output: To apply for life insurance online , you will probably want to start by looking at quotes to get an idea of what you can afford . When a website offers free `` instant '' quotes , you can compare different term lengths and face amounts to your heart 's content . The next step is to call or email someone at that website to `` flesh out '' your quote . Talking to someone will help ensure that you get the lowest price and that you actually qualify for the policy you want to apply for . Also , talking to an agent will help you understand your policy 's features and enable you to get the type of coverage that best suits your needs . After choosing your policy , the process for application is similar to how you would apply with any life insurance agency . The main exception is that you do not have to sit down face to face with an agent .


Input: How To Apply For Life Insurance Online?

Output: You follow the prompts on the screen . However , when it comes to life insurance , I always recommend to my clients to do a paper app . There 's a lot more involved in the life insurance process than there is for some other types of coverage , especially if you have a medical history - it 's a lot easier to make sure everything is in good order with a paper app than doing it online , plus you have a hard copy of everything for your records . You also do n't want to apply to multiple companies at the same time - this can work against you because it 'll raise a red flag to insurance companies . There 's a lot of moving parts in life insurance underwriting.You will want to work with an independent life insurance agent/broker to secure your coverage . They can help you through the process -LRB- providing quotes from multiple insurance companies , helping determine which program best serves your needs , completing the application , keeping track of underwriting , and placing the coverage in force -RRB- . If you would like help with your program , send me a message using the `` contact me '' button .


Input: How To Apply For Life Insurance Online?

Output: You can easily apply for life insurance online ... If you work with an experienced broker and their reputable website . It 's fast , safe and secure and constantly updated to quickly provide free online quotes at the lowest available rates . That 's our job , as experienced life insurance brokers , and consumers save time , money and frustration . You can speak to live experienced brokers or `` do it alone . '' That way , you get the best of recent technology updates and old-fashioned service .


Input: How To Apply For Life Insurance Online?

Output: Great question ! The easiest way is to go to the webpage of the company that you want , and follow the prompts on the page . I 'd really warn you about doing that though.Some things are safe to buy online - tickets , books , things that are `` what they are , '' and you know for certain what you are buying . When it comes to important financial investments or decisions , you do not want to leave them to an impersonal webpage , that will not look out for you , or care about your best interests . When it comes to protecting your family , it is best to have a live agent that can explain in detail to you what you are buying , and if there are alternatives that may better suit you . Please take my advice and go to a live agent first , someone who can give you a solid price , and a better understanding of your risks and alternatives . If you would like help , please feel free to contact me , I 'd be happy to help you . Thanks for asking !


Input: What Covers Renters Insurance?

Output: Renters insurance is known as a Tenants policy . The most important coverage is personal liability where the company promises to pay when you are legally liable for claims arising from bodily injury or property damage . The second most important coverage is for your personal property . The landlord is not responsible for your property . If there is a covered loss your only recourse for lost property is your tenants policy . There are additional coverages , some of which are included .


Input: What Does Bodily Injury Auto Insurance Cover?

Output: Bodily injury covers the medical bills for someone that you injured in an accident . That is what comes with your auto policy . A reputable agent should of explained this coverage to you . You need to make sure that your limits are matching the state requirements or higher . If you have to low of limits and you are involved in and accident and have lots of assets you are putting your assets at risk . If the limits on your policy are to low and your accident has paid all of your limits then you can be sued for the difference in the medical bills that your insurance company did n't pay.Please talk to an agent and make sure that you are protected .


Input: How Does It Work When You Have Two Health Insurance?

Output: When a family has two health insurance plans there are industry rules regarding which plan is considered primary . The rules may vary by state . The primary carrier pays the claim as if no other insurance was in place . The secondary carrier then pays any unpaid balances -LRB- deductibles , copays , coinsurance -RRB- in accordance with its plan design . The plan of the member is usually considered primary . When children are covered under two plans the birthday rule often applies . The plan covering the parent whose birthday occurs first in a calendar year is considered the primary plan .


Input: Why Get Long Term Care Insurance?

Output: Everyone comes into the discussion about long term care insurance from a different angle , because we all have different experiences . As an insurance website , we rightfully describe the financial implications of the products in question . But as human beings , we interject our experiences , as well . Some of us see it from the view of the caregiver/family , having been caregivers by default for a parent who did not have long term care insurance , or watched our `` healthy '' parent struggle to care for the sick one . Some of us have adult children urging us to get long term care insurance because they know that they would have to give up homes and jobs to come care for us . Some of us see it from the view of the person needing the care . Time spent in a nursing home quickly reveals those who could have had a higher quality life living in their own home , with the resources that LTC insurance provides . There are the `` rich '' in the single room whose resources are dwindling with each passing year , and who may eventually not be able to sustain that luxury of a private room by having to go on Medicaid . No matter what angle from which you view it , there are good reasons to get long term care insurance . There are also reasons not to get it , as Mr. Bridgers so eloquently stated about both sides .


Input: Why Get Long Term Care Insurance?

Output: Maybe one should not get long-term care insurance . Let 's start there . If an individual or a family has a sizeable estate that either is liquid or can be liquidated and be made readily available to pay for the cost of long-term care , maybe long-term care is n't needed . If , on the other extreme , you have a very small estate comprised of no real estate and very little personal property of any worth and will rely almost entirely on Social Security in retirement , you ca n't afford long-term care premiums , now or in the future . You will have to have a plan , however , in case you do need long-term care . A family discussion around the topic should be scheduled so that those that might become either temporary or permanent caregivers are fully apprised of the responsibilities and sacrifices that may have to be made . Medicaid qualification should be fully investigated and the benefits and limitations understood . People buy long-term care for roughly the same reason they buy life insurance . One buys life insurance because they care about the financial security of those that are left behind . One buys long-term care insurancebecause they care about those that might have to take care of them if they ca n't take care of themselves . Long-term care costs are not covered by conventional health insurance , Medicare , and most Medicare supplement insurance . They can be very expensive , especially ifthe elderly person lives a long-period of time in a state of incapacity . Caregivers will be spouses and adult children are likely to be caregivers whether one owns long-term care insurance or not . Long-term care insurance is for caregivers . It gives them choices about the quality of care that can be afforded and whether they can be relieved of some of the responsibility for caregiving . Many elderly spouses of those that ca n't take care of themselves become disabled themselves because of the emotional and psychological energy expended in caregiving . Adult children sometimes get caught in a conflict over eldercare and parenting growing children . Long-term care insurance provides income-tax-free money to hire trained individuals to care for loved ones . Ultimately , it allows the insured to die with dignity and peace . Getting back to the wealthy that do n't need to buy long-term care insurance , guess what ? Many wealthy couples and individuals do . They understand leverage : paying smaller dollars now for larger dollars later , if needed . They also understand that in many situations , premiums for long-term care may be tax-deductible . What about the middle class ? They would have to design their coverage to help offset the cost of long-term care . No matter how much one spends , no long-term care insurance policy can guarantee to cover all possible long-term care expenses . But , the average claim is about 24 - 26 months . Buying a long-term care policy with a pool of money sufficient to cover at least part of those costs would be prudent . Is buying a basic plan for long-term care that would pay only half of one 's long-term care costs be a bad deal ? I do n't think anyone that 's paying $ 400/day for facility care and being reimbursed for $ 200/day would find that of no value .


Input: What Is Typically Covered By Homeowners Insurance?

Output: Typically a homeowners policy has several sections called coverages . The first coverage is for the residence itself . The second coverage is for related private structures located on the property , such as a shed , fence or swimming pool . The third coverage is personal property and that is commonly called , contents . The fourth coverage is for additional living costs and loss of rents should the residence become unfit for use . The next coverage is normally personal liability which covers you if you are sued for bodily injury or property damage . The next coverage is medical payments to others and provides limited medical care to an invited visitor who is hurt on your property . There are other incidental coverages .


Input: What Does My Homeowners Insurance Cover?

Output: Your homeowners insurance covers the replacement cost of your residence against almost every bad thing that can happen . It covers your personal property contained in the residence with extensions to cover personal property that is away from the residence . It covers other buildings on the property . The most important coverage is legal liability coverage . The company you select should stand ready to handle a lawsuit against you for bodily injury or property damage . The higher the limit on this coverage the better . A lawsuit can ruin your day . There are limitations , exclusions and restrictions . Read the policy carefully . Make sure that the agent that you use gives the insurance company all of the correct information .


Input: What Does My Homeowners Insurance Cover?

Output: It is always a good idea to talk to your Insurance Professional about the specific terms and conditions of your policy , but most modern Homeowners Insurance provide protection from a very broad variety of covered perils . So much so , it is almost easier to explain the two common things that it does not cover . The two most common exclusions in a Homeowners policy are for damage caused by Earth Movement and damage caused by Flood . In most cases , coverage for earth movement may be endorsed onto your policy but coverage for flood damage is only available by the purchase of a Flood Insurance policy .


Input: What Does My Homeowners Insurance Cover?

Output: A homeowners policy is a package policy . It combines coverages . The primary coverages are property and liability . Depending upon the form being used the residence , contents , attached structures and non-attached structures on the property are covered against damage from specific perils . The liability coverage pays for legal defense and judgments arising from personal injury or property damage to the limits of the policy . This package provides value and covers most contingencies that come from owning a home .


Input: What Is The Difference Between Qualified And Nonqualified Annuities?

Output: An annuity is an insurance product with features differing crediting methods using interest rates , index returns or separate sub account performance . Annuities are non-qualified by design and are highlighted as a product because the earrings accumulate tax deferred and the gains are taxed as ordinary income , but your basis is returned to you tax free . If you purchase an annuity for a qualified plan like an IRA , you can deduct the contribution to the plan , it accumulates tax deferred and is distributed as ordinary income , including basis . So your effective tax bracket is one of the determining factors in whether you qualify or non-qualify your annuity .


Input: How Important Is It To Have A Retirement Plan?

Output: It is extremely important to have a retirement plan . The day you start working is the day you should pay yourself first because that 's what a retirement plan is ... paying yourself first . Even if it 's a modest amount , it 's the beginning of a disciplined habit that can pay off big in your golden years . What you do today will determine how you live tomorrow .


Input: How Important Is It To Have A Retirement Plan?

Output: It depends on how you want to live your life when you are tired of working ... do you want to travel ? You will need money . Will you want to get that dream car you have always wanted ? You will need money Will you want to depend on your kids to take care of you ... that would suck ... Put aside something per month that way by the time you do want to retire you will have money to spend , the way you want to spend it .


Input: Does Homeowners Insurance Go Up With A Pool?

Output: A swimming pool at a private residence should make no premium difference whatseover on Homeowners Insurance ; however , there may be a disqualification issue.If the swimming pool is not fenced with a latched gate from the outside of the property , it is unlikely that an insurance carrier will accept the risk . Also , there are a number of insurance carriers that will not accept a home if the pool has a diving board or slide on the property . For further information , please do ask your insurance agent regarding the underwriting rules of the specific carrier you may be insuring with !


Input: Does Homeowners Insurance Go Up With A Pool?

Output: All companies are different so it is best that you contact your Insurance Professional and ask about your specific policy . In my experience , I can say that my clients ' policies have not cost more simply BECAUSE they have a pool . I will say that having a pool does bring with it additional responsibilities as a property owner . In many areas , town or municipal ordanances specifically state the regulations that apply : fencing , securityset-back , etc. . From an insurance point of view , if you are not compliant with local ordanances , you may not be eligible for coverage under an insurance company 's underwriting standards . All that having been said , be compliant , and then be sure that you have the proper amount of liability coverage on your Homeowners ' policy . In addition , we always recommend excess protection by a Personal Umbrella Liability policy . These are fairly inexpensive and provide an extra measure of protection above and beyond your Homeowners ' policy .


Input: Does Homeowners Insurance Go Up With A Pool?

Output: Your homeowners insurance will more than likely go up if you have a pool on your property . Every carrier and policy are different . The factors that will affect your rate are the type of pool . Is it above ground or in ground ? How large is the pool ? Is there a locked gate and fence around the pool ? These are just a few of the factors that will possibly affect your premium . Contact your local agent to find out what effect a pool would have on your homeowners coverage .