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

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


Input: Can You Buy Auto Insurance In Another state?

Output: Sure you can . Let 's say you live in NY -LRB- your legal address -RRB- and have a vehicle registered in NY . You can purchase NY Personal Auto Insurance in any state where the agent/broker is licensed in/for NY anmd represents a carrier that is licensed in NY to sell NY PAP and will accep -LSB- NY business from the agent or broker . I have n't purchased insurance online , but I would guess the online site asks for your information including state of registration , legal address , etc. . If you purchase online you are acting as your own insurance broker -LRB- lots of luck unless you are a student of insurance ... -RRB- Another situation is if you are a legal resident of NY and have a seasonal home in Florida . You desire to have a car in Florida and wish to insure it in Florida . I would recommend checking with a Florida agent or broker how to do this . -LRB- Insurance is regulated by state - there is not a countrywide standard . -RRB- Many insurance carriers require you be a legal resident of the state to purchase auto insurance for that state . Some may let you obtain a Florida registration and plate and issue you a Florida auto insurance policy using either your NY legal address or your Florida seasonal address . No ` one answer fits all ' for this question . Checking with the state 's DMV is also required to find out their criteria for registration application .


Input: When Does Life Insurance Not Pay Out?

Output: Life insurance `` pays out '' at the time of a certified death certificate is received by the carrier . There are very exceptions which would be fraud or misrepresentation at the time of application or suicide . Both are excluded for the first two years the policy is in force . After two years even then the policy would `` pay out '' . There are smaller guaranteed issue plans with a schedule of benefits paid over time that are subject to the same two year rules . Even in cases of fraud or suicide the life insurance company would refund all of the premiums paid .


Input: When Does Life Insurance Not Pay Out?

Output: That is a great question ! there are only a very few reasons why your policy would not pay out . The first would be that your policy was a term life policy , and you outlived the term -LRB- AARP and AAA offer this type of policy , and they end at the age of 80 , so if you live to be to 80 and a day , you wo n't get paid -RRB- . Another reason would be that somewhere along the line there were missed payments , and the policy lapsed . In that case , the coverage ends also , and you will not get paid.Another reason would be if it was determined that your answers on your application were less than truthful , and that was discovered . In that case , your policy would be terminated , and you would not get paid . The last reason for many companies is the clause that says that the policy wo n't pay if your death was a result of the commission of an illegal act . For example , if you were killed in a high speed drunken driving accident , and your policy contains that clause , it is likely that you wo n't get paid . The same is true for most policies and suicides , if they are committed in the first two policy years . In virtually every other case , you will get paid . I hope that helps , thanks for asking !


Input: When Does Life Insurance Not Pay Out?

Output: Life insurance usually pays out . The most obvious things that cause a life insurance policy to not pay our are suicide being the cause of death during the first two years of the policy , or if there was a gross error or omission on the application that caused the policy to be approved when it should have been declined , and then the insured person passes away from that condition during the first two years of the policy .


Input: When Does Life Insurance Not Pay Out?

Output: Unless someone has committed suicide in the first two years after getting their life insurance policy , or misrepresented their health information on their application AND their life insurance policy has been in effect under two years , their policy will pay the death benefit . There are very few situations where a life insurance policy will not pay out .


Input: When Does Life Insurance Not Pay Out?

Output: In a famous case an insurance company issued a policy to a man based upon his legal name . In the underworld this man had a more notorious name . When he was found slain gangland style the company asked the court to determine if they had to pay . The court sided with the insurance company .


Input: How Do Car Insurance Companies Investigate Claims?

Output: The insurance company first investigates to determine the coverage they have on the vehicle . Then they determine responsibility in the case of a crash . Then they determine the extent of damage . Because the adjuster handles numerous claims they can spot a claim that requires additional investigation . If fraud is suspected the investigation takes a much deeper look into the circumstances of the crash .


Input: What To Do When Auto Insurance Denies Claim?

Output: If you feel that your claim is legitimate then I would start with your local agent . Give them a call and explain to them what yourclaim is and why you were told that the claim was denied . They can then contact the carrier and attempt to have the claim reopened . Your local agent is there to help in instances like this .


Input: How Can I Compare Life Insurance Quotes In Connecticut?

Output: To compare life insurance quotes in Connecticut , use a website that offers instant quotes . That way you can put in different face amounts and term lengths so that you can compare the prices of the different policies right then and there , without waiting for an agent to contact you .


Input: How Can I Compare Life Insurance Quotes In Connecticut?

Output: There are many ways to compare Life Insurance in Connecticut and elsewhere . Honestly , the volume of information that is at your fingertips as you sit at your computer or with your tablet isgrowing every minute . This may sound a bit traditional , but I firmly believe that talking to your insurance professional is always a solid way to approach any insurance solution .


Input: How Can I Compare Life Insurance Quotes In Connecticut?

Output: Life insurance quotes are available through online search engines and when you put your state in the inquiry form , you will get quotes for for the state of your choice . Keep in mind , though , that pricing obtained through online inquiry most often shows the very best available rates without regard to important underwriting factors . The use of a broker that is licensed and appointment with multiple carriers is the surest way to obtain pricing that is best suited to one 's individual life situation and circumstances .


Input: How Can I Compare Life Insurance Quotes In Connecticut?

Output: There are several online insurance brokerage outlets that have quite an inventory life insurance companies on their carrier relationships . Most of them have quote engines , so you can review the spreadsheet for yourself . One of the questions on the quote input is the state you live , which will generate the top premium players in your state .


Input: Does Farm Bureau Offer Health Insurance?

Output: Farm Bureau does not underwrite and issue health insurance under their own brand name . But in some states Farm Bureau may have a marketing arrangement with health insurance carriers allowing their agents to offer health insurance to Farm Bureau policyholders . This type of arrangement is not unusual and widely used by multi-line carriers .


Input: Is Long Term Disability Insurance Good?

Output: Long Term Disability Insurance is a necessary part of defensive planning . Most Americans have less than 90 days in cash reserves . During your earning years , you may experience a disability event lasting an average of 30 months . Social Security disability benefits can help as can employer sponsored short term disability insurance . But bottom line this is paycheck protection and a cornerstone product you should have in your insurance portfolio .


Input: Does Credit History Affect Auto Insurance?

Output: Yes it can . Credit is a factor with many companies . Insurance companies give an insurance score . It is different than a credit score . A variety of factors including credit are considered . Some companies still don ; t do credit , but usually you will pay a higher rate . The insurance company reasoning is that , by their statistics and experience , a person with bad credit statistically is a higher risk . I know that is not always the case but unfortunately , agree or not -LRB- and I do n't like it either -RRB- that is the facts .


Input: Does Credit History Affect Auto Insurance?

Output: A great many auto insurance companies have been using credit history as an underwriting factor for several years now . Naturally , this is coupled with other factors such as age of the driver -LRB- s -RRB- , driving history , loss experience , the type and age of the vehicale -LRB- s -RRB- , registration address etc. . Various discounts may also apply that can also affect the final pricing .


Input: Does Credit History Affect Auto Insurance?

Output: The credit discount varies by state and insurance company . Check with the Department of Insurance -LRB- DOI -RRB- with your state to see if it is allowed . Typically each insurance company has their own formula for the discount , and it is considered proprietary information . However , to get a better understanding of factors with your credit score , you should go to www.myfico.com . Although insurance companies are n't looking at your actual score like when you apply for a car loan , many take the following information into consideration when designing their discounting formula : 1 . amounts owed 2 . payment history 3 . credit mix 4 . length of credit history 5 . new credit Whether you like it or not , this type of discounting is also used frequently for homeowners insurance too and can add up to big savings over time .


Input: What Does A Premium Mean In Health Insurance?

Output: A premium in health insurance , or any type of insurance , is the payment you make to the life insurance company in order to receive health insurance protection . Premiums are usually made monthly , quarterly , semi-annually or annually and can often be set up on automatic draft from a checking account .


Input: Can You Get Car Insurance With A Suspended License?

Output: There are carriers in Montana that can cover you with a suspended license . Some carriers in other states may have different guidelines but many will write it . If you are required to get an SR22 so you can get your license back after you have your license back the carrier will adjust your rates with a valid license .


Input: Can You Get Car Insurance With A Suspended License?

Output: If you are securing insurance coverage so that you can get your license re-instated , such as when an SR-22 is required then yes you can typicallyget coverage . But , under most conditions you would not be able to get insurance coverage because if you do not have a valid drivers license you should not be driving .


Input: Can You Get Car Insurance With A Suspended License?

Output: Not easy or inexpensive , but if you need to show proof of insurance as a conditoin of restoring your license among other things -LRB- like registration -RRB- , then a special filing would be provided by the insuring company directly to your Motor Vehicle Department . This is commonly referred to as an `` SR-22 '' . If you are just attempting to obtain car insurance with a suspended license and this filing is not part of the mix , then you are going to have a tough time I am afraid .


Input: How Does A Life Insurance Policy Loan Work?

Output: Permanent life insurance policy builds cash values and is an asset . You may borrow some of the cash value by taking a policy loan . Unlike most conventional loans however , repayment is actually not required . If the loan is not repaid prior to the death of the insured , the amount will simply be subtracted from the policy , reducing the death benefit . Taking a policy loan is not the same as withdrawing cash values . The insurance company will charge you interest on the money you receive from the loan . In most policies , dividends are not paid -LRB- or the interest rate credited is reduced -RRB- on the amount of the cash value impaired by a loan . In other words , there is usually a material net cost of borrowing which will add drag to the policy over the years . Usually , policyowners call up the insurance company , request a policy loan and do not repay it or the loan interest over time . In this case , the interest will be added to the loan , and loan will continue to accrue interest at an even greater rate . If the loan exceeds the cash value , the policy will eventually lapse . Whats worse , any gain -LRB- gross cash value minus premiums paid -RRB- becomes taxable income . Obviously , this should be avoided , so it is especially important to work with your life insurance professional to manage your policy carefully . Note that interest rates and loan provisions vary widely for policy loans : recent product innovations through loans has become quite complex . Since some policies are better than others for taking policy loans , your life insurance professional can help identify the best way to proceed whether analyzing a policy with an existing loan or planning the purchase of a new policy with the idea of taking policy loans in the future e.g. to supplement a retirement plan .


Input: How Many Life Insurance Plans Can You Have?

Output: You can have as many life insurance plans as you are financially qualified to have . When you apply for a new policy , the insurance company will look at the total amount of life insurance you will have in effect after the purchase of the policy . They will not add in any current life insurance that you are replacing . They will see if you are financially qualified to have the total . It does not matter how many plans you hold , just so your total amount of life insurance is an allowable amount for your income and assets .


Input: Why Was I Turned Down For Life Insurance?

Output: If you were turned down for life insurance , it could have been one of many reasons . The most likely reason is because of a health condition -LRB- or multiple conditions -RRB- . However , your height/weight could have been a factor along with possible drug or alcohol issues in the past . You can request a copy of the information that was used in the decision to decline you .


Input: Why Was I Turned Down For Life Insurance?

Output: The MIB is a an organization made up of life and health insurance companies that exists to allow them to share medical information , similar to how Credit Reporting Agencies exist to share financial information . Sometimes people are denied a life insurance policy based on information provided by the MIB . While the information provided by the MIB is usually accurate , there could be misinformation there that would cause you to be denied insurance . You can get a copy of any information the MIB has about you by going to their website www.mib.com .


Input: Why Was I Turned Down For Life Insurance?

Output: The answers above are right on . It could be for a variety of reasons . Think about what is taking place when you buy an insurance policy . You are buying a promise from an insurance company that they will pay your beneficiary a significant sum of money if you die . They are taking on a risk . That is why we pay premiums for this . The greater a risk of you dying -LRB- they use health , medical , and other info to help judge this -RRB- the higher the premium . If , during their review of your application , they find something that makes it `` too risky '' for them to take on that risk , they may decline an application . -LRB- You ALWAYS have the right to request the records that were used that caused them to make their decision . -RRB- And keep in mind , even though one insurance company did n't want to take on that risk , there are other companies that may say yes or even specialize in insurance for individuals whose situations are similar to yours . So by speaking to a qualified professional in your area , you may find that you can , in fact , obtain life insurance coverage for yourself !


Input: Why Was I Turned Down For Life Insurance?

Output: Sometimes people are turned down for life insurance for very benign reasons , such as , they did not fit the age guidelines for a certain face amount . Sometimes the reasons for being denied are more involved , such as their blood sample showed that they may possibly have diabetes without knowing it . If you are turned down , contact your agent to see if he/she knows the reason for your decline . If you can not get the answer that way , you are free to contact me . I can usually figure it out by asking a few questions , and can find the lowest priced policy for which you do qualify .


Input: Why Was I Turned Down For Life Insurance?

Output: There are a variety of reasons why life insurance would be denied to a potential insured applying for coverage : Medical issues , no financial justification , the recreational activities are too dangerous , there is no insurable interest , the travel destination during the next two years is too dangerous , the driving record is too egregious , drug abuse , vocation hazard , etc. . There are reasons that a death claim would be denied like fraud or suicide in the first two years .


Input: Why Was I Turned Down For Life Insurance?

Output: Why were you turned down for life insurance ? There could be numberous reasons or just one . If you were declined you should have been notified of the decline and advised to your rights to appeal the decision . Life insurance underwriting looks at your medical history , your current health , your driving record , your credit history and other things health and financial . You should have received a letter .


Input: How Much Is Renters Insurance Per Year?

Output: Your rental unit is unique and the cost for coverage will vary depending upon the value of the contents and the liability limit that you select . The important thing is that the renters policy will protect you should you be sued . It will also protect you if your personal property is damaged by one of the many insured perils . The claim could easily exceed multiples of the premiums .


Input: How Much Is Renters Insurance Per Year?

Output: Renters insurance premiums will vary depending on many factors . Some of the factors are geographic area , the age of the structure , the amount of coverage , claims history for the individual and location , and credit history just to name a few . I have seen coverage be as low as $ 80/yr on 15000 of coverage . Contact your local agent for rates and coverage available within your area .


Input: Who Needs Universal Life Insurance?

Output: Some persons who might need Universal Life insurance are : Those looking for guaranteed lifetime protection at the lowest possible cost . Those looking for a flexible life insurance policy that they can adjust and use for the rest of their lives . Those looking for a vehicle to accumulate retirement money tax deferred and borrow from it tax free .


Input: What Is A Typical Renters Insurance Cost?

Output: I am sure you want to know the cost per month of a policy . These average about $ 10-15 per month but that is not the important issue . The cost of not having the policy can be enormous . If someone enters your rental unit and is injured you could be liable for a lawsuit that would bankrupt you . If the unit catches on fire and is destroyed , your personal property will not be replaced without a tenants policy and the additional costs you incur while waiting for the unit to be repaired wouldnt be covered either . The cost at a time of claim makes the premium seem insignificant .


Input: What Is The Average Cost Of Long Term Disability Insurance?

Output: This is a very difficult answer with an average cost to long term disability insurance as there are just too many factors that determine premiums . The easiest measurement I can give you depending on the level of protection would be 1 % to 3 % of your annual income should be a rule of thumb when pricing long term disability insurance .


Input: How To Dispute An Auto Insurance Estimate?

Output: When the adjuster finishes a claim , they make an offer essentially . A policyholder , particularly in California is not obligated to accept that offer . In the case of auto insurance it normally means that the adjuster has an estimate in hand for the work necessary . Once the work starts , additional damage may be discovered and the adjuster will re-evaluate the claim . If you disagree with the amount of the settlement you can still take the car to whoever you wish and they will go through the same process . It could be that the company will not reimburse for the full bill for your selected repair shop . There are arbitration and legal actions available to come to some sort of agreement . If your concern is over fault , that is an entirely different matter and there is a formal process that ends in arbitration . Once the claim is arbitrated the percentage of fault is assigned and the company is bound by the order .


Input: Who Is Eligible For Social Security Disability Insurance?

Output: Social Security will determine eligibility . If you are disabled you must apply to Social Security by going online or calling and requesting the necessary forms . You must be able to document that you are disabled and your doctor must be able to help prove the disability . You may need to see an attorney in order to get this put through since most disability claims are denied the first time you apply , and you must then go through an appeals process .


Input: What Is Medicare Hospice Care?

Output: Hospice is a program of care and support for people who are terminally ill . Here are some important facts about hospice : Hospice helps people who are terminally ill live comfortably . Hospice isnt only for people with cancer . The focus is on comfort , not on curing an illness . A specially trained team of professionals and caregivers provide care for the whole person , including his or her physical , emotional , social , and spiritual needs . Services may include physical care , counseling , drugs , equipment , and supplies for the terminal illness and related condition -LRB- s -RRB- . Care is generally provided in the home . Family caregivers can get support .


Input: What Is Medicare Hospice Care?

Output: Hospice Care is designed to aid people with terminal illness to live comfortably . With this focus on comfort specially trained professionals can provide care in the home or in a hospice facility . Respite care is available to give support / time off to caregivers -LRB- many times are Family members -RRB-


Input: Under What Circumstances Will Life Insurance Not Pay?

Output: I agree with Jeff , Mark and Jerry 's answers , but I would like to add a bit more . Life insurance also will not pay a benefit if the death occurred in a commission of a crime and in some cases any act of war , such as militaryservice This is why the military provides its own coverage for our servicemen and women . I have seen some policies that also wo n't pay if the death was the result of an insurrection or riot . Basically , if you tell the truth on the application , you are not a current member of the armed forces serving in a war zone , and you are not a criminal , you should be okay !


Input: Under What Circumstances Will Life Insurance Not Pay?

Output: Life insurance has a two year incontestabilityclause . If a client knowingly misrepresented material facts on an application and the insurance carrier discovered the material misrepresentation a claim can be denied . Also there is a suicide clause meaning you can not commit suicide in the first two years of a policy as this would also deny a pay out form the insurancepolicy .


Input: Under What Circumstances Will Life Insurance Not Pay?

Output: There are a few instances where Life Insurance will not pay . Some are not very probable to occur but they exist nevertheless ; 1 -RRB- 2 year contestability period - Insurers have the right to contest any claim filed within the first 2 years of being issued . 2 -RRB- Lies on application - if you apply for insurance and it is issued and then it is found out that you lied -LRB- within the first two years of being issued -RRB- , depending on the lie the insurance can be denied or the ony amount received back to beneficiary may be the premiums paid . 3 -RRB- Insurance company goes defunct - highly unlikely and there are safeguards in place to ensure that claims are paid . 4 -RRB- You apply for a policy but dont pay anything . If death occurs during this period an insurance company has a right to not pay a claim . For the most part , when you purchase insurance from a reputable company , the claim will be paid . Insurance companies are known for paying on valid claims .


Input: Under What Circumstances Will Life Insurance Not Pay?

Output: If your life insurance policy has a rider that excludes a certain type of death -LRB- e.g. death from skydiving or while piloting a plane -RRB- , the policy will not pay if death occurs by that cause . Life insurance policies will not pay for suicide during the first two years of the policy . And most policies exclude death resulting from the commission of a crime , acts of war , or some other obscure reasons . Aside from these unusual circumstances , life insurance will pay . Companies can contest payment of the policy during the first two years it is in existence , so just be sure to answer the questions asked of you when completing your application and phone interview or exam . Then you will not have to worry about the contestible period hampering your policy 's payment .


Input: Under What Circumstances Will Life Insurance Not Pay?

Output: Basically it comes down to either suicide or a material misrepresentation in the first two policy years of the policy . It is rare for a life insurance company to not pay a death claim -LRB- in which case they would return premiums paid with interest -RRB- . Life insurance is something you need to qualify for in advance - the insured must be insurable , the owner must have an insurable interest , etc. . For a life insurance claim to be denied , after an investigation , the insurance company would have to contest it within the first two policy years on the basis of a material misrepresentation made during the application process or the insured would have to have committed suicide within the first two policy years . An insurance company may not contest a claim after the first two years of a policy .


Input: Under What Circumstances Will Life Insurance Not Pay?

Output: Great question ! There are a few reasons why they may not pay . Any kind of misrepresentation , -LRB- A polite way of saying that someone lied , or stretched the truth -RRB- can result in the company not paying the death benefit . Many policies will not pay if the death occurs in the committing of a crime , or while under the influence of drugs or alcohol . You will want to read the fine print on your policy to see what circumstances will apply to you . Thanks for asking !


Input: Under What Circumstances Will Life Insurance Not Pay?

Output: A life insurance policy is based on your representations . If you attempt to defraud a company , the company may take the case to the court to decide if they are liable to pay the death claim . One famous case involved a career criminal who applied for life insurance under his legal name . When he was murdered the company discovered that he was a famous gangster and the court agreed that he had attempted to defraud them .


Input: Under What Circumstances Will Life Insurance Not Pay?

Output: Under what circumstances , will life insurance not pay ? Under most circumstances , life insurance pays as soon as a claim form and proof of death are submitted . However , within the first 2 years , policies may not pay -LRB- other than refund premiums -RRB- if there was a material misrepresentation of fact . Something was not disclosed that would have affected the underwriting of the policy . It 's important to tell the truth . For example , if you smoke , declare it , or if you went to see doctor for an issue and did not declare it . Also if death is by suicide within the first 2 years of policy issue or last reinstatement , the policy will not pay . After 2 years , the incontestability period has passed and the insurance company has to prove fraud in order not to pay . This is a guideline only , as the policy wording -LRB- including any exclusions -RRB- and the local laws are applicable . Please consult a lawyer familiar with insurance law . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Does Florida Have A State Health Insurance Plan?

Output: Florida will be one of the states that have a federally-run health insurance Exchange in 2014 . Open Enrollment will begin in October of 2013 . Four types of medal plans will be available -LRB- Bronze , Silver , Gold and Platinum -RRB- and medical questions will not have to be answered . Federal tax subsidies will be available to consumers that qualify . Your local broker or reputable website can offer you specifics and free plan and price comparisons .


Input: Can You Borrow Money From Globe Life Insurance?

Output: If your Globe Life Insurance policy is Whole Life , as many are , you should be able to borrow money from it . You will need to wait until you have paid in long enough to have money built up in the policy to borrow from . Calling Globe and asking for a current illustration should be able to show you how much there is for you to borrow .


Input: Can You Borrow Money From Globe Life Insurance?

Output: As Peggy stated above , if your Globe policy is a whole life policy and has grown some cash value the you should be able to borrow against it . However I would advise you to first find out what the interest rate is and if Globe uses `` direct recognition '' regarding policy loans . Because Globe is a stock company therefore the policy holders do not enjoy the sharing of dividends as with a mutual company . So you may be better off taking a loan from a bank if you ca get a low interest loan . For more on how `` Direct Recognition '' affects a policy loan and why it is imperative that you know their policy before taking a loan , please see the article here : WEBSITELINK


Input: How Safe Are Insurance Annuities?

Output: Life insurance companies offer insurance annuities , and life insurance companies are very highly regulated . They have a history of staying strong in down times . Life insurance companies are also rated by a number agencies , so that you can choose a highly rated company with which to purchase your annuity . All this contributes to the safety of insurance annuities .


Input: How Safe Are Insurance Annuities?

Output: When you compare annuities from insurance companies to most other investments that are available , they are considered very safe . Insurance companies are highly regulated and required to have reserves far beyond that which banks are required to have . While they are based on the claims paying ability of the insurance company , when you look back at the most difficult financial times in U.S. history , insurance companies had the least volatility and fallout of any type of financial institution .


Input: Can I Draw Money From My Life Insurance?

Output: To give you a simple answer , yes , you can do this in a form of a policy loan if you own a Whole Life policy . You will be charged interest , so it a good idea to at least to pay the interest . You will not have a set payment schedule and failure to pay will not mess up your credit rating . The amount of the loan plus interest will be deducted from the death benefit when you die .


Input: Can I Draw Money From My Life Insurance?

Output: Permanent life insurance has two products that accumulate cash values : Participating whole life insurance and universal life insurance . Borrowing from participating whole life insurance has two types of policy loans that charge interest : spread loans and direct recognition loans . But before you borrow via loans that will cost you money , take the dividends up to your basis -LRB- your contributions -RRB- free of charges . Universal life -LRB- UL -RRB- has three cash value accumulating contracts : Current Assumption Interest Rate UL , Indexed UL and Variable UL . There are four different policy loan provisions that most UL use . Zero net cost loans , wash loans , spread loans and participating loans . But before you borrow via loans that will cost you money , take your basis first -LRB- your contributions -RRB- free of charges . But be advised taking basis first could trigger an ordinary income tax event for policies dated after June 21 , 1988 . Consult your tax adviser before moving forward accessing you policy using withdrawals . One last thought : Policy loans are not treated as taxable income providing that the policy is kept in force for the life of the insured , i.e. until the insured dies . If the policy is surrender or lapses out of coverage , an ordinary income tax event will occur for policy loans received and internal policy loans that have accumulated . Consult your tax adviser before surrendering or allowing your policy to lapse .


Input: Can I Draw Money From My Life Insurance?

Output: Yes or no ... Depends on the type of Life Insurance you have . If you have a permanent policy such as a Universal Life or Whole Life , and there is a cash value available , you can either withdraw this or take it as a loan . Be aware of the `` rules '' on the loan types available . Also , if you have a Return of Premium Term product , and this has been in force for say over 5 years , then you may have cash cash value available as well . You can take this as a loan . If you surrender the policy , you will get some cash value back however I do not recommend taking this action unless there is a very good reason to do so .


Input: What Is The Best Medicare Health Plan?

Output: The best Medicare health plan is one that meets your expectations for coverage and price . There are basically two types of Medicare health plans . One is a supplement to traditional Medicare and covers some or all of your out of pocket expenses . These are referred to as Medigap or Medicare supplement plans . The other is a Medicare Advantage plan that replaces traditional Medicare . With Advantage plans your doctor , if they accept your Advantage plan , files claims direct with the insurance carrier . Advantage plans have networks , a lot of moving parts and a lot of out of pocket . #GeorgiaMedicarePlans


Input: What Is Long Term Care Partnership Insurance?

Output: Long Term Care Partnership Insurance started in 4 states but is now available to persons in all states through the Deficit Reduction Act of 2005 . It allows persons who purchase Partnership Long Term Care policies to have Medicaid Asset Protection in the event that they need to turn to Medicaid to pay for long term care costs after policy benefits have been exhausted . The plans have minimum requirements and carry an endorsement from the state and federal government .


Input: Is A Non Qualified Plan Better Than A Qualified Retirement Plan?

Output: Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money : The Name of The Game . I 'm answering questions from insurancelibrary.com and today 's question is : is a non qualified plan better than a qualified plan ? Well , there 's two issues why you should be using a qualified plan , like an example , 401K . You 're in a high tax bracket or your employer actually is matching your contribution in some way which I think is a great way to go . If I have a high tax bracket and my employer is doing a match and I have both of those , I think that 's a really good play . Qualified plans are the way to go . I get the deduction and my employer is actually contributing . But if I do n't have either one of those two , then really the deduction does me no good . I like the life insurance idea because I do n't have the same ERISA issues like 59 and a half and I have penalty if I took out my money . So I like the life insurance side of that issue from a non qualified point of view because it accumulates tax deferred and if it 's set up correctly , it could come out tax free . Well , that 's our consumer question for today . If you have any question , just submit them to www.insurancelibrary.com .


Input: Who Is Uninsurable For Life Insurance?

Output: There are plans available for anyone . Usually if a person is in very bad health there will be a graded death benefit for the first two or three years . The healthier you are the better your rates . If a person is very healthy that person can get preferred rating . If a person has Aids or some other serious disease they would have to go guaranteed issue and pay higher rates .


Input: How To Choose A Retirement Planner?

Output: That 's a great question , first the retirement planner should be able to walk you through the 4 phases . 1 . Contribution 2 . Accumulation 3 . distribution 4 . transfer . Each phase is critical for you financial future . Here are some questions they should ask you , What age do you see yourself retiring example - -LRB- current age 30 , retirement age 65 -RRB- , that gives you 35 years until you retire . Next is how much money do you think you need when you retire example -LRB- you need 30,000 income -RRB- . How much money do you need to save to receive $ 30,000 a year ? Example -LRB- $ 1,000,000 saved with a 3 % withdrawal will give you your $ 30,000 -RRB- Now how much money will you have to save to have $ 1,000,000 saved in 35 years . How much of a rate of return will you earn on your money and how will it compound to in 35 years . You also have to factor in taxes , inflation , rate of return , and how much debt you accumulate . This should give you a start in finding a great adviser like our company .


Input: How To Get Cheap Renters Insurance?

Output: In order to buy Cheap Renters Insurance , it is helpful to understand your needs , desires and the rating structure of the Renters Insurance Policy . The lowest annual premium will be generated for the minimum Contents Coverage -LRB- Personal Property -RRB- available , the minimum Personal Liability Coverage -LRB- Usually $ 100,000 -RRB- and the maximum available Policy Deductible -LRB- varies from State to State -RRB- . If all 3 of the above items are met , you will generate the lowest premium quote possible . If the Renters Policy is required by a Landlord and you are not purchasing it on your own accord , it may be helpful to find out if the Landlord is requiring to be added to the policy as an ` Additional Insured ' and if so , it would be prudent to find out exactly how they would like their Name & Address to read on the policy endorsement . There is a link providing an online format to obtain a quote and buy renters insurance online in multiple States ; may be used directly by Consumers . An exemplary online experience for all ! WEBSITELINK If unclear about coverage , it is prudent to contact a licensed professional to answer your questions and assist you in purchasing the coverage you need .


Input: How To Get Cheap Renters Insurance?

Output: The cheapest renters policy is not the one with the lowest premium . The cheapest renters policy is the one that pays the most when you have a claim . The place to purchase the cheapest renters policy is from a trusted insurance agent . The agents advice and help in setting appropriate limits could save you thousands of dollars .


Input: How Much Does Auto Insurance Cost After A DUI?

Output: The increase that you experience in your auto insurance rates after an accident , ticket , or even a DUI can vary greatly depending on the insurance carrier that you are with . The change to your auto rates could vary anywhere from zero to two or three times your current rate or possibly more . Contact your local agent they should be able to advise you of the carriers current policy on rate changes for clients that experience a DUI .


Input: Where Can I Buy Auto Gap Insurance?

Output: Gap Insurance is many times typically added into your payments at the car dealership . However , you should talk with your Insurance Professional about this before you complete your deal because many insurance companies , Nationwide for example , can offer that as optional extended coverage on your car insurance policy and usually at a substantial savings .


Input: Can You Take Money Out Of A Whole Life Insurance Policy?

Output: Yes you can , but have you thought about an Indexed Universal Life Policy ? With the right company and plan , you can get money out for things such as retirement , completely tax free -LRB- as a non repayable loan -RRB- and the money should be much higher than with a standard whole life policy . Talk with an experience agent . Some products are limited as to who can sell them , since they are specialized policies . Love to help you . GARY LANE . Thank you .


Input: Can You Take Money Out Of A Whole Life Insurance Policy?

Output: Yes , if there is enough of a cash value in your whole life policy you can take out money . The first 5 to 7 years usually pay for the cost of insurance in a whole life . Normally you will see a cash value after those years pass . It is better to borrow the money than to cash it out . As Peggy pointed out it keeps the face amount intact . Also , you may borrow the money tax free where as if you cash it out you will pay taxes on your gains .


Input: Can You Take Money Out Of A Whole Life Insurance Policy?

Output: Yes , you can take money out of a whole life insurance policy by borrowing or surrendering it . If you borrow money from your whole life insurance policy , you can still keep your death benefit intact if you pay back the money with interest over time . if you surrender the cash value , you lose the death benefit from your policy , as well .


Input: Does Life Insurance Cover Cirrhosis?

Output: If you have liver cirrhosis at the time of applying for life insurance , you will most likely be unable to qualify for a medically underwritten policy . There are some simplified issue policies that do not ask about liver disease , and guaranteed issue policies will not decline due to cirrhosis . To see whether there are any simplified or guaranteed issue policies that you qualify for in your state , contact a good impaired risk life insurance provider or website .


Input: Does Life Insurance Cover Cirrhosis?

Output: Life insurance covers cirrhosis as it covers every other disease . Whether it is an accident or illness , these would be covered under almost every policy from a major carrier . Occasionally , you may see some exclusions or waiting periods written into specific types of plans . A full-time broker is your best resource to investigate these policies .


Input: Why Should I Get Health Insurance?

Output: Unless you have a magic crystal ball that can tell you when you might have a life threating accident or illness then having a health insurance plan needs to be a part of your financial planning for your future . Notice that I said your future . No one will ever care as much about you as you ! Sure you have those folks in your life who love you but do they have hundreds of thousands of dollars to pay for your medical care if push comes to shove ? Probably not . Since the Affordable Care Act passed the Congress and was signed into law you now have an opportunity to receive guaranteed issue health insurance . So no matter how ill you may be you are guaranteed that you can purchase a health plan . Now the law does have some gate-keeper rules on when you can enroll into a plan . For now the Open Enrollment Period runs from November 15th to February 15th of each year . During that period you can enroll in a health plan , change plans and apply for Federal Assistance , called a subsidy , to help pay for your plan . For the rest of the year you may be eligible for a Special Election Period if you have gotten married , divorced , had a new child or adoption or moved from one geographical area of the country to another . If you have lost your coverage at work due to lay off , loss of job or your employer discontinuing the plan you may be eligible for a Special Election Period . You can check the various Special Election Periods online at : www.healthcare.gov or by calling a local insurance agent who can help you . By the way insurance agents have to go through special training on a government website and pass several tests to be qualified to help you choose a plan on the Federal Marketplace at www.healthcare.gov Insurance agents can help you sort through all of the plans offered on the website and help you enroll in the right plan for you . It 's important that you choose the correct plan as you are locked into that plan for the entire year . So with proper planning you can save yourself a lot of money if you become ill or have an accident and you wo n't have to rely on friends or family to bail you out . A little spent now on a health insurance premium can save you hundreds of thousands of dollars in the future .


Input: Where Can I Get Short Term Car Insurance?

Output: Most auto insurance companies provide auto insurance coverage in six month increments . There are some companies out there that do provide coverage from month to month . Typically the companies that provide coverage from month to month are more costly than those that rate by six month or one year period of time . Please contact a local agent to find out what policies are available in your area and their associated cost .


Input: What Is The Difference Between Universal And Whole Life Insurance?

Output: Whole life insurance has a specified premium that never goes up , a specified death benefit that will not expire unless the policy lapses or you die or surrender the policy , and guaranteed cash value build up . Universal life has flexible premiums , you can vary the amount you put into the plan . It has a flexible death benefit , you can decrease the amount of insurance or increase the amount of insurance without having to take out a new policy . Because the premiums are flexible there is no guaranteed cash value . Most will have a guaranteed interest rate on any cash value . The danger with a Universal Life is under funding the contract . Because you are not locked into a set premium and there is an interest component that is not guaranteed , if the insured fails to put enough in the contract and the cost of insurance becomes greater than the cash value the policy will expire . It is important to make sure you properly fund your Universal life . Whole life has better guarantees than Universal life and less risk .


Input: What Is The Difference Between Universal And Whole Life Insurance?

Output: Whole Life and Universal Life are the two main types of permanent insurance coverage -LRB- there are sub-categories with in that - e.g. guaranteed universal life , current assumption universal life , indexed universal life , participating whole life , non-participating whole life , and others -RRB- . Permanent life insurance , in general , is designed to provide coverage for the rest of the insured 's life and build cash value . Universal life insurance features a flexible premium structure It 's , in short , a blend between term life insurance and whole life insurance . A universal life policy will guarantee the maximum death benefit for the lowest possible premium -LRB- making it much less expensive than a whole life policy with the same death benefit -RRB- . Like with whole life insurance , universal life will build cash value , although it will generally not accumulate as much cash value over the life of the policy as a comparable whole life policy it is essentially term insurance to age 121 , with the emphasis on a larger death benefit instead of greater cash value for the premium that you are paying . Universal life is ideal for anyone who wants to maximize the death benefit and is n't worried about building cash value . You can guarantee benefits up to age 121 -LRB- with most companies -RRB- - these policies can be structured to dial down the death benefit to a specific age as well -LRB- e.g. to age 90 , 95 , 100 , 105 , etc. -RRB- , which can reduce your premium by a good margin . Whole life insurance is a great vehicle for planning for the future . The premiums and death benefit remain fixed and guaranteed for life while the policy can build cash value at a great rate - this structure is known as a non-participating whole life policy . The other type is called participating whole life policy . Participating WL policies can pay out dividends which can be used in several ways : 1 -RRB- Decrease the premium - the premium would eventually hit $ 0 at some point and the policy would , in essence , be self-sustaining meaning the dividend is equal to or greater than the premium for the program -LRB- if greater , the difference can be used to increase the cash value or increase the death benefit -RRB- 2 -RRB- Purchasing paid-up additions - these additions increase the face amount of the policy 3 -RRB- Increase the cash value at a faster rate While whole life has many advantages , it is also the most expensive form of life insurance . Whole life features level premiums and death benefits and builds cash value at a faster rate than Universal life policies - the trade off between is that to increase the cash value faster , the premiums will be substantially higher -LRB- can often be 2-3x the premiums of guaranteed universal life policies on many occasions -RRB- . Please note , regardless of the permanent coverage type , the carrier takes back the cash value upon the death of the insured , and pays out the death benefit proceeds . Therefore , guaranteed Universal life policies allow you to maximize your death benefit and minimize your premium dollars that you pay for the coverage . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: Can Health Insurance Overlap?

Output: If you have more than one insurance plan , they will coordinate benefits . You can not get more than the actual claim . There are some supplemental plans that pay in addition to any other insurance but these are not true Major Medical insurance . Unless you are covered under a spouse group plan or Medicare , and the premium is very low it is usually not to your advantage to carry more than one health insurance plan .


Input: What Is A Declaration Page For Home Insurance?

Output: A homeowners declarations page is a summary of the coverage on your policy . It usually includes the dwelling , other structures coverage , personal property , loss of use coverage , liability amounts and deductible . It will also list your name , the policy dates & company name as well as specific endorsement numbers and any mortgagee on the policy . For specific legalese should refer the endorsements and policy language .


Input: What Is A Declaration Page For Home Insurance?

Output: The declaration page itemizes the coverages provided by a homeowners insurance policy . The coverages are generally described and then identified by a letter . The Coverage A is the limit of coverage for the residence . Coverage B is the limit of coverage to related private structures . Coverage C sets the personal property coverage limit . Coverage D is the limit for additional living costs and loss of rents coverage . Coverage L is the limit of personal liability insurance . Coverage M is the limit of medical payments to others .


Input: What Is Veterans Mortgage Life Insurance?

Output: Veterans Mortgage Life Insurance -LRB- VMLI -RRB- is life insurance provided to severely disabled veterans . The program was established in 1971 by the Veterans Administration . The policy consists of decreasing term life insurance up to $ 150,000 or the amount of the mortgage , whichever is lower . It is available to those who qualify for an SAH -LRB- Specially Adapted Housing -RRB- grant through the VA. .


Input: How Much Is Renters Insurance For Pets?

Output: It is fair to say that about fifty-percent of all renters own one or more pets . So it is very common for renters policies to be issued to pet owners . These pets are not limited to dogs and cats , of course . The biggest issue is the type of animal and breed . Some are on insurance carriers ' excluded pets lists . Rather than have an effect on the rate charged , more often than not the carrier will refuse to write the policy if one of the excluded animals is involved . The key issue is injury liability to others , caused by bites . Renters insurance will protect if a lawsuit is brought , as a result of someone elses injury , including those caused by pets , up to the policy limits for both physical injury and property damage of others .


Input: How Much Is Renters Insurance For Pets?

Output: The normal renters policy does not cover an animal . If you have an animal and the animal injures someone else there may be coverage under the liability section of the policy . If you have your pet in your vehicle and the animal is injured in an accident , some companies will provide care for the pet .


Input: Is European Health Insurance Free?

Output: There is no uniform health insurance system in Europe , each nation has it 's own system . On the whole , European nations have taken a more socialized approach to financing health care than we have in the United States -LRB- though ObamaCare is kind of changing that -RRB- . In Switzerland you are mandated to purchase private health insurance . In Britain they have the National Health Service that provides health insurance for the masses while at the same time having a growing private health insurance and health care delivery system for the people who can afford to operate outside of the national system -LRB- the class system remains alive and well in England and many European nations -RRB- . Some European systems give the illusion of being `` free '' but people are really paying for their care in the form of higher taxes and rationing of care along with price controls on healthcare providers . While there are things we Americans can learn from the European experience , the Europeans have hardly achieved perfection when it comes to health care and health insurance .


Input: What Does Part B Of Auto Insurance Cover?

Output: Part B of your auto insurance is the medical payments coverage . Typically , the amount of coverage is between $ 1,000 and $ 25,000 and it pays covered expenses -LRB- medical , of course -RRB- to yourself and family members . The cost tends to be minimal so increasing your limits should not greatly impact your premium . Other occupants of the vehicle can also be covered and benefits are paid regardless of fault .


Input: What Is Medicare PIP?

Output: PIP stands for periodic payment periods . In regards to Medicare , this is the system that sends bi-weekly payments to a hospital on the PIP program and are based on the hospital 's estimate of applicable Medicare reimbursement for the current cost report period . When such payments are received , a cash account in the Unrestricted Fund is debited and a PIP Clearing Account is credited for the amount of the payment . When applicable , Medicare charges are billed to the intermediary , at which time the PIP Clearing Account is debited and patient 's account receivable is credited . At year-end , adjustments must be made to eliminate any remaining balance in the PIP Clearing Account and to reflect the amount receivable from , or due to , the Medicare intermediary .


Input: When Are Annuities A Good Investment?

Output: Assuming youre addressing non-qualified annuities , product suitability dictates whether you should purchase a non-qualified annuity or not . A variable deferred annuity could be characterized as an investment because it is a security that uses separate sub accounts funded by market equities and bonds . All other deferred annuities should be characterized as savings products . You first need to establish a personal financial profile that includes a risk tolerance assessment , defined financial goals , an estimate of your life expectancy and a determination of your effective tax bracket . This will assist you in your product suitability self-examination . The higher the effective tax bracket rate , the more you should explore annuities . The power of tax deferral can be significant over many years .


Input: Does Life Insurance Go To Credit Card Debt?

Output: If you are the beneficiary of life insurance proceeds and the credit card debt is yours , then what you received from the life insurance policy is fair game for creditors to go after . If the credit card debt you are referring to is the debt solely incurred by the insured person who passed away , then the credit card company can not go after it , if it was paid to you directly as the beneficiary .


Input: Does Life Insurance Go To Credit Card Debt?

Output: Good question . In general , No . I say this , because , the estate of a deceased person is typically responsible for his or her debt . If creditors come back to a deceased person 's estate to attempt to collect , they do so during the probate process . When structured correctly , life insurance will be paid directly to a beneficiary , and bypass the probate process . Now , there are always caveats . If you were a co-owner on the debt , or in the case where a spouse survives the deceased , the creditor may still require payment . Life insurance proceeds could be used to offset this , but in general , life insurance is paid directly to the beneficiary .


Input: How Much Auto Insurance Coverage Should I Carry?

Output: Many customers think that having minimal coverage satisfies their need for auto insurance . A recent accident illustrates my point . A man killed a boy in a crosswalk and injured one or two others in the same incident . The settlement for the accident was in excess of $ 750,000 . Under a minimal policy the company would have paid $ 15,000 and the balance would have been the drivers responsibility . If you want the company to stand with you when the real tragedies of life occur , buy the highest coverage that they will allow .


Input: Does Life Insurance Have Cash Value?

Output: Permanent life insurance policies have cash value but term life insurance does not . Cash value life insurance comes in different forms such as whole life , universal life , etc. in the first few years , there may not be any cash value but gradually it builds over time . in the event cash is needed , policy value may be borrowed .


Input: How To Get Disability Without Insurance?

Output: I 'm assuming you 're asking how to get disability coverage without actually having insurance . If this is thecase , you as a consumer , or your employer , can always self-fund a future disability by setting up a `` sinking fund , '' where you are contributing monies to it on a regular basis . My advice would be to insure this risk by trading small dollars for big dollars by buying a disability insurance plan .


Input: When Don't I Need Life Insurance?

Output: The logical answer to this question is that you do n't need life insurance when you have saved or invested enough money that your needs will be take care of , in the event of your death . However , this does not take into account unforeseen expenses that might deplete your cash reserves , savings , or investments . Aside from the temptation to borrow from cash value life insurance , you can count on your life insurance death benefit to be there , because it does not pay out until your death . That makes life insurance a valuable part of your financial portfolio for the rest of your life .


Input: How Long Does Home Insurance Claim Stay On Record?

Output: Most carriers only count claims that are five years old or less . If your claim was more than five years ago then it will more than likely not affect your rate . Please remember that ever state has its own regulations and every carrier has its own risk tolerance . This of course can greatly affect your rates .


Input: How Does Renters Insurance Protect The Landlord?

Output: Renters insurance will carry liability protection for the renter who purchased the policy . Now lets say for example the renter owns a dog and the dog bites his friend . The owner of the dog , in this case the renter will be liable for the dog bite and his renters policy will respond . Now lets say the renter did not have a policy . Although the renter is potentially liable the person who was bit could go after the landlord for recovery since he or she is the owner of the property . The renter having a policy that responds could very well keep the landlord out of the entire claim process . In my opinion all landlords should require their tenants to carry a renters policy .


Input: How Much Is It To Get Life Insurance?

Output: The price for life insurance can be from ten dollars per month for a modest short term policy for someone who is a young adult and in good health , to thousands of dollars per month for a large policy for a middle aged person who locks in the same rate for a lifetime . There are many good life insurance quoters on the internet ; experiment with those to get an idea of price , then call the website to help guide you to the best choice .


Input: Can Young People Buy Annuities?

Output: Yes , but should they ? Any investment or savings product should be purchased on the basis of a persons risk profile and financial suitability . Defining what is young , may or may not be the issue . Most profiles that identify a low tolerance for risk and a long term financial strategic goal for ultimate income , should consider fixed or indexed annuities . Those will higher investment risk threshold may want to consider variable annuities .


Input: Can Young People Buy Annuities?

Output: Can young people buy an annuity ? Yes , but they must meet height requirements for the purchase . . ;-RRB- . No , not really . Annuities do not have a starting age per se as a parent can take out a policy for a child under 18 . An annuity is a contract so contract law would apply for a young person to purchase a policy by themselves , so 18 would be the starting age limit for individual purchase of an annuity .


Input: Can Young People Buy Annuities?

Output: Anyone can purchase an annuity as long as it is suitable for their situation and they have the money to invest . In fact it is not a bad idea to have at least some of your portfolio in safe money investments such as annuities to help provide a cushion against the potential losses of the stock market . Many Indexed annuities have shown a very competitive gain over a period of time .


Input: What Is The Cost Of Part B Medicare?

Output: The cost of Part B Medicare in 2013 is $ 104.90 per month for most people . Medicare recipients with higher incomes are charged more . The highest premium that can be paid for Medicare Part B is $ 335.70 per month for those with incomes over $ 214,000 . The deductible does not vary based on income . The deductible is $ 147 per year .


Input: Can My Car Insurance Company Drop Me?

Output: Great Question for the auto insurance policy . Most car insurance companies have qualification to stay insured with them . So let say you get a DUI on your driving record and insurance company can and may drop and cancel your insurance policy . Please check with your particular company on that question or call your insurance agent .


Input: What Happens When You Borrow From Life Insurance?

Output: Permanent forms of cash value life insurance accumulate tax deferred . You can borrow cash values within the limits of their policy provisions . There are policy loan charges that can range from zero net cost loans to direct recognition loans , i.e. up to 350 , sometimes 400 basis points . Other policy loan provisions include wash loans , spread loans and participation loans depending on what type of permanent cash value life insurance you own .


Input: What Is Old-Age Survivors And Disability Insurance (OASDI)?

Output: Old-Age Survivors and Disability Insurance -LRB- OASDI -RRB- is the same thing as Social Security . By paying Social Security taxes , you become eligible for Social Security income and Medicare , when you become eligible based on age . You also would be able to receive Social Security Disability Income if you were to become disabled .


Input: What Is Medicare Gap Insurance?

Output: Medicare Gap insurance or `` Medigap '' insurance is coverage that provides benefits for expenses that Mdicare does not pay . There are numerous plans available from dozens of reputable insurers . Premiums are typically quite affordable and an experienced broker can review the best options with you . For example , in my 32 years of experience in the business , depending on your financial situation and specific needs , different Medigap plans will be appropriate for different persons . If you apply during an Open Enrollment , you will not have to answer any medical questions and your acceptance is guaranteed . Also , once you become eligible for Medicare , there is a window that allows you to apply and you are virtually guaranteed to be accepted .


Input: What Can I Claim On Renters Insurance?

Output: There are two key words , damage and lawsuit . If you suffer damage and it is the result of a specified peril you can claim the loss of personal property up to the limits of the policy . The adjustment will be the cash value of the property lost minus the deductible . When you actually replace the property , there can be a further adjustment if you have replacement coverage If you are sued for property damage or bodily injury the renters policy will defend and pay judgment up to the limit of the policy -LRB- that is why it is so important to take the highest limit offered ! -RRB-


Input: What Can I Claim On Renters Insurance?

Output: You can claim damage to your personal property that comes from a covered peril . The list of perils is exhaustive . You can also claim increased living expenses if , because of a covered peril , you can not live in the rented unit . You can also claim the costs of a lawsuit involving personal injury or property damage . This is really a huge exposure as a lawsuit can bankrupt you .


Input: How Much Money Can You Make As A Life Insurance Agent?

Output: This varies widely . The short answer is that you can make a 4 figure income all the way to a 6 figure income . If I remember correctly , the national average for an `` experienced agent '' is around $ 50k to $ 60k per year . But an `` experienced agent '' is one who has 3 or more years experience . The average income for those under the 3 year mark is less than that . Of course , all of this varies a bit depending on what area of Life Insurance you are in . Also , the new agent failure rate is around 90 % in the first year . It is a hard profession starting out , but very rewarding once established .


Input: How Much Money Can You Make As A Life Insurance Agent?

Output: There are a few agents making 7 figures . Many more struggling below $ 50,000 . How much you can make will of course vary by factors like your drive , market focus and skill . Less now than in the past but where you live and work could have a big impact on how much you make . The internet has changed that some . Your gross income is also going to be different than your net income depending on your business model . Some agents rely on purchased leads some rely on a heavy internet presents . Both methods have high cost . Others may call or door knock a list which is going to have minimal cost . Many established agents have a large client base that they service and get referrals from . So while an agent may have a large gross income , depending on business cost , that agent could very easily net much less than the guy with a much smaller gross .


Input: How Much Money Can You Make As A Life Insurance Agent?

Output: How much money can you make as a life insurance agent ? As much or as little as you can imagine . It all depends . . It depends on your work efforts , your target market , your ability to `` work '' your target market and sometimes just some luck . Over my 25 years , I 've seen agents fail and I 've seen agents earn several million dollars in a year . Probably the best words to remember were from one of those agents who did make millions . . `` Be nice to everybody , because you 'll never know who can help you . '' Words I try to live by everyday .


Input: How Much Money Can You Make As A Life Insurance Agent?

Output: Being a life insurance agent is a form of owning your own business . There is no cap on your income and also no safety net for failure . A first year life insurance agent that works every day should usually net around $ 50,000 but many do n't make that . A few make way more than that . You get an automatic raise every day due to the snowball effect of renewals . It 's a great career for the right people . It 's misery for the wrong ones .


Input: How Much Money Can You Make As A Life Insurance Agent?

Output: I have been in the business for 30 yrs now and have found out only in the last 2-3 yrs how to make a significant income . I use a phone dialer which allows me to call around 200 people per hour . I start my day calling at 10am and end at 4pm . My goal is to quote 30 term life policies a day and sell 15 per day . This has led me to make $ 90,000 per month and over $ 1 million per year .


Input: How To Cancel Aetna Health Insurance?

Output: It 's easy to cancel an Aetna health insurance plan . Your ID card should show a toll-free number that you can call -LRB- customer service -RRB- . You can request the termination of your coverage and a refund will be based on the unused portion of benefits . You can also contact your broker directly or the Agency where you bought coverage . It 's actually a very simple process . Also , as experienced brokers , we are able to process cancellations and quote new plans through the Exchanges . No medical questions are asked and you may qualify for the federal subsidy that could substantially reduce your premium . Enrolling for a new plan is fairly quick and easy as we compare the best options for you and walk you through the enrollment and purchase process .


Input: Does Edward Jones Offer Life Insurance?

Output: You should also shop the rates with a dedicated life insurance broker and discuss your needs for the coverage . While a investment broker can sell life insurance they will usually be much more limited on products and often knowledge of what is available . The mindset of investments is entirely different from the mindset of life insurance . No one is good at all things . If your broker keeps up with investments , that is a full time focus . If they are not mainly focused on life insurance they will not be as proficent at it in general .


Input: Does Edward Jones Offer Life Insurance?

Output: Yes . This firm has , for many years , encouraged its financial advisors to offer life insurance along with other financial products . Among regional broker-dealers and wire-house firms , Edward Jones was one of the first to make life insurance a priority at a firm level . Many broker-dealers today still do not .


Input: Does Renters Insurance Cover Scooters?

Output: I believe you will find that for the most part , property plicies will exclude any motor powered vehicles from coverage . This is a pretty standard exclusion . Talk to your insurance professional about your options , though . We can easily provide coverage for scooters under a separate contract that is specifically designed to meet those needs at an extremely reasonable price .


Input: Does Renters Insurance Cover Scooters?

Output: A key issue here will be if it is licensed for road use or if it constitutes a use in service to the premises but is designed for off road use . Typically any vehicle intended and licensed for road use is excluded on a renters or homeowners policy . The is some gray area around vehicles including scooters designed for off road use . Talk to your agent about the type of scooter you have and what you expect to use it for .


Input: What Does Loss Of Use Mean For Homeowners Insurance?

Output: Often referred to as COVERAGE D , Loss of Use is coverage on your homeowners insurance that covers the cost of losing the use of your home . For example , a fire in your home has caused significant fire & smoke damage , making the house unlivable until repairs are complete . You would need to temporarily move out - maybe to a Residence Inn or hotel . The cost for food , hotel , etc would be covered under loss of use.Most policies have some limit beside COVERAGE D , butif your policy indicates `` ALS '' , which is Actual Loss Sustained , this is the broadest coverage .


Input: What Does Loss Of Use Mean For Homeowners Insurance?

Output: In many cases , you will find this as a listed coverage part on your policy . This coverage provides for any extra expenses that you and your family may face in the event you have to life elsewhere while your home is being repaired or re built after a covered loss . This coverage is over and above the cost to reconstruct your home and replace lost personal property .


Input: What Does Loss Of Use Mean For Homeowners Insurance?

Output: Any loss is a complicated process . Repairing a damaged home takes time . The family might be displaced because the residence is uninhabitable . Loss of use is a policy provision to help you through this period of time . It is at this time that you will fully appreciate the value of your homeowners policy .


Input: What Does Loss Of Use Mean For Homeowners Insurance?

Output: `` Loss of Use '' coverage in a Homeowners ' policy provides coverage for you and your family in the event that your home is severely enough damaged by a covered peril that you can no longer reside in your home . The coverage provides money to pay for extra expenses over and above your normal living expenses . The cost to rent an alternative home , extra food or travel related expenses , laundry expenses are all examples of the things this policy item can cover . Talk to your Insurance Professional about the details of your policy .


Input: What Is The Average Salary Of A Life Insurance Agent?

Output: That 's a great question ! An insurance agent most often works off of a payment that is made to them when they sell a policy or product for the company - called a commission . These commissions can be fairly sizable , or very small , depending upon the sale . Therefore , in most cases , the earnings of the insurance agent depend entirely upon their ability to sell , and the product commission that is paid upon the sale . I believe the vast majority of agents will tailor the right product to the needs of the client , but there will unfortunately always be a few that are more interested in commission than client . You are always wise to have an idea of what it is that you want , and if you feel pressured , to ask for time to think it over . Follow your instincts . If you were considering a career as an agent , be aware that the start up period can be really lean until you 've gotten your client base built , and you may need to have another source of income , especially if you were accustomed to a steady paycheck . Once you get rolling , if you are motivated , honest , and good with your clients , you can make a very comfortable living . Anything I can do to help , I 'm happy to - feel free to contact me . Thanks for asking !


Input: What Is The Average Salary Of A Life Insurance Agent?

Output: Life insurance agents are almost always commission salespeople . Agents that work exclusively for one carrier may draw a small base salary , but the industry is designed on a pay-for-performance model . If you ask an agent that same question you 'll find that most treat their practice as a small business regardless of who they sell for . I think you 'll find most of the agents that contribute answers on Insurance Library are independent insurance agents and 100 % commission representatives . In my opinion , that 's a huge advantage for consumers , because the agents interests are aligned with the consumers . Sell the right policy the first time so the consumer keeps it and the agent gets commissioned for it .


Input: What Is The Average Cost Of Renters Insurance In Pennsylvania?

Output: Renters Insurance premium is based on several things such as location , type of building/apartment you rent , and insurance scores but mainly the premium is determined on the value of your contents -LRB- all your stuff -RRB- that you want to protect and the deductible that you choose . Since we all do n't have an identical amount of stuff - it 's hard to say what the average cost would be . But what I can do is give you an example . A personwhorents a single home in NEPA which an middle insurance score who has $ 50,000 worth of contents and a $ 1000 deductible has an annual premium of $ 180.00 . This includes replacement cost - money to buy identical or similar items , as opposed to actual cash value , which would be cheaper yet . Of course , there are many discounts available as well such as multipolicy discounts , alarm discounts , and advance quote discounts . If you would like more information on PA Renter 's Insurance - please contact me .


Input: What Is The Average Cost Of Renters Insurance In Pennsylvania?

Output: Renters insurance is one of the most affordable types of coverage that you can buy . It will cover your personal property , or commonly referred to as contents coverage . The easiest way to illustrate what a renters policy will cover is - imagine you can take your existing dwelling -LRB- house or apartment -RRB- and you can flip it upside down and shake out everything that is n't attached to the home . All of the items that fall out would be categorized as your personal property . Renters insurance is very affordable and can cost as little as $ 150 / year . Here are some factors that will dictate the cost : Amount of coverage Credit score Deductible Packaged with auto One of the largest discounts that insurance companies offer is a `` multi-policy '' discount . If you talk to an independent broker , they will be able to quote your information with multiple carriers to make sure you are getting the most comprehensive coverage at the most competitive price . The other advantage of packaging the renters and auto together is that you will receive that same `` multi-discount '' on your auto policy as well . Hope this helps , -- @MooneyInsurance


Input: Does Home Insurance Cover Electrical Fires?

Output: It is always a good idea to have a conversation with your Insurance Professional about the specific terms and conditions of your policy , but damage caused by fire is generally a covered peril in a standard Homeowners ' policy . If the source of the fire is a defect or flaw in your electrical system that needs attention , this is perhaps due to the age of the system . Talk to your agent to make sure that you have coverage to upgrade your systems BEFORE such a loss occurs . Not only might that provide better coverage should you suffer such a loss , but system upgrades may also result in an additional discount saving you money on your Homeowners ' premium .


Input: Does Home Insurance Cover Electrical Fires?

Output: Generally speaking yes . There can be issues around what happens next following a loss which might include having to rewire the home.For that situation it is best to carry a substantial amount of Law and Ordinance Coverage . This is typically sold in a per cent of the dwelling coverage . If you have a kitchen fire and the outcome is that when you rebuild you need to get a new electrical panel in another part of the house -LRB- not consumed in the fire -RRB- then you may be able to use your Law and Ordinance coverage for that expense . Keep in mind you policy may have no Law and Ordinance coverage or any per cent between zero and 100 % .


Input: What Is The Right Amount Of Homeowners Insurance?

Output: Talk tot your insurance professional and ask for a current `` Reconstruction Analysis '' for your home . Be sure to detail any improvements or renovations that you may have made so that these can be properly factored into the calculation . The result of this analysis , if completed properly , will be an accurate measure of what it would cost to reconstruct your home as it is today , should it be severely damaged or lost due to a covered peril . Once this figure is determined , be sure to ask if the policy includes a form or `` replacement Guarantee '' to make sure that moving forward you will remain properly covered .


Input: What Is The Right Amount Of Homeowners Insurance?

Output: The right amount of homeowners insurance is the amount that allows you to get back to where you were before . This means that you have adequte coverage to haveyour homerebuilt , your residency expences are provided for while the home is being rebuilt , and you have adequte coverage to allow for the replacement of furniture and other household items . As always remember each policy is different . Contact your local agent to discuss your coverage needs and to fully understand the coverage provided and exclusions that may be contained within your policy .


Input: What Is The Right Amount Of Homeowners Insurance?

Output: You want to insure your home for replacement cost , not market value . These numbers can vary greatly . Every company has their own calculator for coming up with replacement costs . In the end , it needs to be a number you feel comfortable with . If you are not sure about this number , you can talk to a local contractor to see what building costs arein your local area .


Input: Does US Auto Insurance Cover Driving In Europe?

Output: US auto insurance does not cover you for driving a vehicle in Europe . It 's US insurance and will only cover you in the United States , Canada and US Territories . . US insurance has no jurisdiction in Europe and is unable to defend or bring suit in a court case . If you travel to Europe and rent a vehicle for example you will need to purchase temporary insurance if made available .


Input: Does US Auto Insurance Cover Driving In Europe?

Output: Usually not . US Auto insurance typically covers you while driving throughout the 50 states and in US territories . You usually are also covered if driving in Canada , but there may be a requirement that you carry proof of insurance on a Canadian form document , so check with your Insurance Professional . You should also ask if there is coverage if driving in Mexico as many policies place limits there too .


Input: What Is The Number One Health Insurance Company In The Us?

Output: There really is not a `` Number 1 '' health insurance company in the US . Although UnitedHealthcare , Aetna , Wellpoint and Cigna are among the largest companies , everyone 's opinion regarding who is the `` best '' insurer will vary . For example , in Pennsylvania , Independence Blue Cross and Highmark are very popular . In Ohio , Medical Mutual is quite popular . So naturally , where you live will greatly influence your opinion .


Input: Will Medicare Pay For Electric Lift Chair?

Output: Medicare only partially covers electric lift chairs under Medicare Part B -LRB- only the lifting mechanism will be covered , not the entire unit -RRB- . Lift chairs would be considered a type of durable medical equipment and certain requirements would need to be met for Medicare to provide the coverage for lift chairs -LRB- e.g. being prescibed for use in your home by your physician and/or requesting a certificate of medical necessity -RRB- . Under Part B , Medicare will cover 80 % of the costs of DMEs , leaving you responsible for the other 20 % . A Medicare supplement can help you cover the other 20 % of expenses .


Input: Will Home Insurance Cover Leaking Basement?

Output: It is always a good idea to talk with your Insurance Professional about the terms and conditions of your policy . It may be possible that this coverage is included or can be included in your policy . If your Home Insurance company offers an optional coverage extension to protect from loss due to the failure of a drainage system , the coverage may be found in that extension .


Input: Will Home Insurance Cover Leaking Basement?

Output: Water damage is troublesome . If the water damage comes from the pipes carrying water inside the house , the damage is probably covered . If the damage comes from leaky plumbing or backed up sewer it is probably not covered . If the leaking is seepage through the wall , it is probably not covered . If the damage is the result of flooding it would be covered if you also had a flood policy .


Input: Does Home Insurance Cover Squirrel Damage?

Output: Homeownersinsuranceexcludesdamagesfrom insects andverminfrom allpolicesthat i am aware of . Always double check with your local agent toreviewthe specifics of a potential loss in the event there may be coverage just in case or discuss issue to mitigate . Time to call the exterminator .


Input: Can Tricare For Life Be Primary Insurance To Medicare?

Output: Medicare is primary for most plans , including Tricare for life . This basically means that when you receive services under the plan your bill will be sent first to Medicare , which will pay its portion and then to Tricare which will supplement Medicares benefit if their coverage exceeded Medicare . The process is transparent to the customer unless they read the published report .


Input: Can Tricare For Life Be Primary Insurance To Medicare?

Output: When you have original Medicare -LRB- Medicare Part A & Part B -RRB- and TRICARE , Medicare is the primary insurance . TRICARE pays second -LRB- the idea being to lower your out of pocket expenses -RRB- . Please note , I believe you have to have both Part A & Part B of Medicare to keep TRICARE benefits when you go on Medicare , but you should double-check with the plan to be 100 % sure . I hope the information is helpful - please feel free to contact me via my profile page with any other questions . Thanks very much .


Input: Is Life Insurance Taxed At Death?

Output: One of the best aspects of life insurance is that it is income tax free if set up properly when purchased . If the beneficiary or contingent beneficiary is a named party -LRB- loved one -RRB- and not to the estate in almost every circumstance the life insurance proceeds are tax free .


Input: Is Life Insurance Taxed At Death?

Output: The death benefit from a life insurance policy when paid to a beneficiary is not taxed . However when a person 's estate exceeds $ 5,2 million dollars in value there are estate taxes that are incurred . So in those cases the death benefit is added to the total of the value of the estate and therefore taxed . This is why many high net worth individuals will implement life insurance and assign it to a trust for the purpose of paying the estate taxes upon their death so their beneficiaries do n't have to deal with the harsh realities of having to come up with the money to pay those taxes . In many cases requiring that property be sold in order to cover them .


Input: Is Life Insurance Taxed At Death?

Output: Usually it is not taxed at death . Sometimes , business owned life insurance will get caught in the AMT tax , but the death proceeds are tax free . If you die as the insured and the owner and your estate is worth more the $ 5.25 million single , there will be an estate tax due , but the life insurance proceeds are distributed tax free .


Input: Is Life Insurance Taxed At Death?

Output: Life Insurance is generally not taxed at death , but may be includable in the estate and , if so , taxed at estate tax rates . There are also business scenarios , where the death benefit is paid to the corporation that may trigger ordinary income tax or be treated like a preference item which could also trigger the alternative minimum tax .


Input: How Much Do Life Insurance Agents Make In Hawaii?

Output: According to the website , Indeed.com , the average wage for a life insurance agent in Hawaii is $ 59,000 as of December , 2013 . However , when you search on other titles , the wages show up as lower . E.g. . The average wage for a `` life insurance sales agent in Hawaii '' is $ 34,000 . The average looks to be around $ 45,000 .


Input: How To Make Medicare Your Primary Insurance?

Output: You have no control over `` making Medicare primary '' . The rules are set by Medicare . In most cases Medicare is primary unless you have other primary coverage , such as through an employer group health plan . Even then , Medicare is secondary if the group has 20 or more employees . If you have a supplement plan , Medicare is primary .


Input: What Retirement Plan Is Best For Small Business?

Output: The definition of small business may be at play here with my answer . Retirement plans have set up costs and ongoing expenses . Some plans hold the business owner responsible for compliance , an addition cost for implementing certain ERISA plans . I recommend non-qualified discriminatory life insurance plans as cost saving alternative to conventional approaches to qualified plans .


Input: What Retirement Plan Is Best For Small Business?

Output: What retirement plan is best for small business ? In my opinion I feel SIMPLE plans offer a great value to small business employers who want to set up a qualified plan that is easy to install , easy to account for and simply easy to maintain . What 's that like three `` easys '' and we 're talking qualified plans ? That should sell anybody to at least look at the simple as an option .


Input: What Will Renters Insurance Pay For?

Output: Renters Insurance is intended to provide protection for Personal Property -LRB- Contents -RRB- and personal liability protection to those that reside in but do not own the home . The liability section of this policy form carries perhaps 15 % of the overall cost but in our opinion , it carries 85 % of the necessary protection . Especially for those renting in a multi unit building , it is common for negligence claims to arise due to water damage , smoke damage or fire damage to adjacent units or to the building itself . The liability section generally does not have a deductible and gives you first dollar defense up to the policy limits . A tenant could be sued for negligently over filling a bathtub thereby flooding the unit below causing building and contents damage ; there have been cases oftenants falling asleep while smoking thereby causing a fire . The personal property section will cover the tenant 's personal contents against Fire , Smoke Damage , Theft , Water Damage and some other covered perils . It is important to note that there are limitations on the value of Jewelry , Furs , Silverware and other valuables ; for those that have high valued items , a Personal Article Floater would be needed to provide protection . Also , it is important to understand that the peril of Earthquake is not included on a standard policy but may or may not be available by endorsement depending on the insurance company and State . For a free quote in California , Arizona or Nevada , please click the following link : WEBSITELINK


Input: What Are Disability Insurance Programs?

Output: Disability insurance programs can be employer sponsored group , executive benefit and individual plans . The plans can be short or long term disability plans . The benefits are generally tax free , but under approved business applications , can be taxable if the company can expense the disability insurance premiums . Disability insurance is one of the most important defensive planning components and the most neglected protection .


Input: What Are Disability Insurance Programs?

Output: That is an excellent question ! You have auto insurance to protect your car ; life insurance to protect your family ; health insurance to protect your health . Disability insurance is a way to protect your income , or paycheck . If you get sick or injured , and miss time at work , the loss of that time can be devastating , especially if you are one of the 77 % of Americans who live paycheck to paycheck , and say that even missing one check would be financially disastrous . These policies are designed to pay out if a designated amount if you are out of work for a designated amount of time . They pay for an agreed upon amount of time . It can be a great way to replace some or all of the income that you lost from not working . Find a local agent , and have them walk you through some plans , so you get an idea of how they work , and what they 'd cost you , ok ? Thanks for asking !


Input: What Are Disability Insurance Programs?

Output: A disability income policy generally pays a specific amount every month while you are disabled . The payments do not start until an agreed upon waiting period has been satisfied . The payments are also set before hand and represent a part of the income lost . The most critical issue is the definition of disability as this varies widely from one insurance company to the next . Get an agent to investigate your alternatives .


Input: How Much Should I Save For Retirement By 40?

Output: That is a great question ! You are very wise to be focused on accomplishing a goal for your retirement , and for setting an early goal . It is very difficult to give you a number that works for you though , without having a lot more detail about where you are in the process now . Are you 40 next year ? Realistically , that number would be different from what it would be if you are 25 next year . I also have no idea of your expenses , spending habits , medical needs , etc. . A good rule of thumb ? Have 8-10 times your current salary put away if you want to live your current lifestyle . I 'd also advise to have some type of hedge against long term care costs , as statistics show 70 % of Senior Citizens will require it at some point , and those costs have wrecked many a retirement fund that would have been fine otherwise . Pleas contact an advisor who can look at your situation , and give you some tailored advice . Thanks for asking !


Input: How Much Should I Save For Retirement By 40?

Output: How much you need to save for retirement by the time you are 40 depends of course on your desired retirement lifestyle and the amount needed to fund it . Without those details , I unable to offer you an opinion . There are online calculators available of course . However , here is a retirement worksheet to help you understand the process . I have used 6 % for illustration purposes only , it could be higher or lower and is only to give you a point of reference . Age 65 was used as the retirement age -LRB- 25 years in the future -RRB- , Again . this is for information purposes only . 1 . Annual retirement income which must be provided by savings $ _____ 2 . Amount you must save to generate income $ _____ -LRB- line 1 . X 11.55 -RRB- 3 . Amount you have already saved $ _____ 4 . Amount these savings will have grown $ _____ by the time you retire -LRB- line 3 X 4.2919 -RRB- 5 . Amount of savings still needed $ _____ -LRB- line 4 minus line 2 -RRB- 6 . Amount you need to save each year $ _____ -LRB- line 5 X .01720 -RRB- If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What Is The Rate Of Return On Annuities?

Output: The rate of return on an annuity will widely vary depending on the type of contract it is and the carrier that issues it . A fixed annuity is safer since there is a guaranteed interest rate . A variable annuity will invest -LRB- or can invest -RRB- a portion of the funds in equities , and therefore has a higher potential for appreciation . But it could still under-perform a fixed annuity . A full-time investment broker or financial planner is a great resource for advice .


Input: Does Renters Insurance Cover Displacement?

Output: In California the standard HO-4 -LRB- tenant 's policy -RRB- provides coverage D which provides additional living costs . This coverage is designed to pay the additional amount a renter would have to pay to maintain a `` normal standard of living '' when forced to leave the premises because of a covered loss . If you are paying $ 1500 per month rent and because of fire damage you must vacate while repairs are being made , and a comparable building is available and the rent is $ 2000 per month , the difference would be considered the additional amount you required to maintain your normal standard of living .


Input: Does Homeowners Insurance Cover Downed Trees?

Output: Most insurance policies will require a tree hit something like a house , fence , or another structure for the removal of the tree to be covered . If the tree simply falls down in the yard it will not be covered for removal by most insurance policies . Some policies provide coverage for the value of the tree . You should read your policy or call your local independent insurance agent to find out exactly hose your policy reads . Hope this answer helps .