Input: How Far Back Does Auto Insurance Look?

Output: Insurance companies review the driving records of every driver in the household unless excluded . This goes back three years in California . If there is a DUI it remains on the record for ten years . There is also a review of claims history . This seems to go back quite a ways , perhaps five years . All violations and claims can be used to assess points and alter the rate for a particular car .


Input: How Far Back Does Auto Insurance Look?

Output: In California driving records are looked back for 3 years from conviction date , -LRB- not violation date -RRB- for 3 years . There are a couple exceptions to this but over all this is the rule . However insurance carriers while they can no longer surcharge past 3 years may have discounts that go out 5-7 years for being a clean driver . This does not take into account a DUI that can effect your good driving status for 10 years .


Input: How Far Back Does Auto Insurance Look?

Output: This can vary by state . In California your driving record is a very important rating factor . Insurance carriers will look back 3 years on minor moving violations and accidents as it relates to sur-charges . However insurance carriers can go back up to 10 years as it relates to receiving potential discounts .


Input: Does Insurance Cover A Keyed Car?

Output: If you have Comprehensive Physical Damage coverage on your car , then that will include coverage for vandalism . Your Insurance Claim Professional my need to have a copy of a police report wich you would have filed with your local department . After you have filed the complaint and opened your claim with your Insurance Professional , it would be a good idea to obtain a repair estimate that claims can have as well . The more preparation the faster the settlement .


Input: Does Insurance Cover A Keyed Car?

Output: That is a great question , and I sincerely hope that you are just asking , and really do n't need to know . If you have comprehensive coverage on the car , it should be covered . I 'd check out what your deductible is first , and what the repairs will cost before filing a claim though . If the repair cost is less than your deductible , or close , you may want to skip the claim , and avoid a possible rate increase . You would have to pay the deductible first anyway . Good luck , and thanks for asking !


Input: Does A 24 Year Old Need Life Insurance?

Output: If a 24 year old person has college debts , a spouse , children , home , or other financial obligations , then life insurance can be a good way to take care of those . Older people often have more resources saved up , while life insurance may be the only way a younger person can take care of financial obligations . Life insurance is usually very low cost at that age , and you can lock in rates for 30 years or more . So getting life insurance at age 24 is a good for that reason , as well .


Input: Does A 24 Year Old Need Life Insurance?

Output: Life insurance is fundamentally an indemnification product to protect your family members , business partners and the charities who depend on you . Even at a young age , you can have financial liabilities , future obligations and your earning power to protect , i.e. your income throughout your working life . And you may want to use cash value insurance if you have a desire to save money in a tax advantaged way . It 's never about age . It 's about financial responsibility .


Input: Can You Cash In Whole Life Insurance?

Output: If there is cash value accumulated in the policy or if there is a declared cash surrender value , and you are the owner of the policy , yes you may `` cash in '' a whole life policy . There are generally `` surrender charges '' or fees associated with surrendering a policy so in order for you to receive any cash from the transaction there will need to be more cash value accumulated that the fees amount to .


Input: Can You Cash In Whole Life Insurance?

Output: You most certainly can , so long as you have not borrowed more than its value . However , why would you when you can easily just borrow against its value and gets the vast majority of its value that way and a tax free loan , which you never have to repay . If , however , you were to choose to close out your policy -LRB- cash it in -RRB- , any money you had already borrowed , along with any money you would get in excess of what you had paid in , would be fully taxable to you as ordinary income . Ouch . Not a wise move . You should consult with your insurance agent . Thank you . GARY LANE .


Input: Can You Cash In Whole Life Insurance?

Output: You may as long as the cash value exceeds any surrender value in the policy . Note that surrender value decreases as the policy ages so that they may not be any surrender charge in older policies . You should also be aware that any interest that has been generated within the policy and tax-deferred will become fully taxable in the year the policy is surrendered .


Input: Can You Cash In Whole Life Insurance?

Output: That is an excellent question ! You can , but be aware that there can be some problems if you do . The first is that you will no longer be insured , if something were to happen , and you were to pass . There may be tax consequences , and the amount that you might get for surrendering the policy can be reduced a good deal by charges that the company will impose for you closing it out . My advice is to talk to your agent first , and see exactly what your circumstances would be . Sometimes there are better options than cashing it in . Thanks for asking !


Input: As A School Teacher, Are There Any Special Retirement Plans I Should Be Aware Of?

Output: Being a school teacher/educator a 403 -LRB- b -RRB- is always an option . It is similar to a 401k and you can take advantage of your employer possibly matching your contributions . Your money grows tax free , with taxes paid when you make a withdrawal . Depending on your age , marital status & income , you may also consider an IRA -LRB- Individual Retirement Account -RRB- . Both are great retirement strategies with different contribution limits .


Input: As A School Teacher, Are There Any Special Retirement Plans I Should Be Aware Of?

Output: As a school teacher are there any retirement plans I should be aware of ? Probably the first that comes to mind is a 403 -LRB- b -RRB- plan as you usually can set up for payroll deduction through your district . There should be a variety of choices for you through your district . You could consider a Roth plan as well .


Input: Will Renters Insurance Cover Lost Cell Phone?

Output: In most cases it would not . A lost item is not normally covered by renters or homeonwers insurance . If the item was stolen then you may be covered less your deductible up to the limits provided by the policy . In either case most people would not want to turn in a claim for a cell phone as this is normally a low value item and would put a claim against your coverage .


Input: Does Life Insurance Cover Car Accidents?

Output: Life insurance covers death that is due to accidental causes , such as car accidents or falls . Life insurance also covers death that is due to natural causes , such as illness or `` old age '' . As long as it is not suicide in the first two years , you do n't have to worry about the cause of death when you have life insurance .


Input: Does Life Insurance Cover Car Accidents?

Output: No . Life insurance only pays a claim upon the death of the insured . If the insured dies in a car accident , then a claim can be made on the policy . If the insured is living and they are in a car accident , they would need to look at coverage under their auto insurance policy .


Input: Does Life Insurance Cover Car Accidents?

Output: Most young people are convinced that if they die prematurely it will be in a car accident . The cause of death is not the critical issue . If the person is killed in a crash the company will pay a death claim unless the accident was in fact proven to be suicide . If the policy has an accidental death benefit provision additional money will be paid .


Input: Does Life Insurance Cover Car Accidents?

Output: Life insurance would not cover the accident itself , but if an insured was killed in the car accident then the claim would be covered . The only scenario I could think of where a claim would be denied in a car wreck would be a form of suicide that was proven and the life policy was still under two years for contestability . Otherwise it is covered as an accidental cause of death .


Input: Where Does Life Insurance Go On My Tax Return?

Output: From your question I can not tell if you are asking the question because you own a life insurance policy and you have been sent a DIV B by the insurance company or if you are asking because you inherited the death benefit from a life insruance policy . If you are receiving a DIV B from the insurance company you have probably been paid a dividend by the insurance company that you chose to receive as cash rather thanre-investing the dividend . Life Insurance death benefits are paid under `` contract law '' . Therefore if you receive a settlement from a life insurance benefit as the beneficiary of that policy then the proceeds are not taxable . However , what happens if the proceeds are invested in certificate of deposits at the bank and now the bank is going to send you a 1099B each year-those interest amounts are taxable


Input: Where Does Life Insurance Go On My Tax Return?

Output: Where does life insurance go on a tax return ? Usually it does n't . Premiums are usually paid with after tax dollars and gains if you have a cash value policy are n't put on a tax return either , unless you 've set up your policy in such a way that would make those gains taxable . Most people for obvious reasons , do n't set their policies up that way .


Input: Can The State Take Life Insurance Money?

Output: Unless illegal activities can be proved neither the State nor the Feds nor any creditor or liens can take your life insurance money . That 's one of the things that makes whole life insurance policies so attractive . Once the beneficiary of a life insurance policy has been paid the benefit proceeds from a policy , while that money is transferred to the beneficiary tax-free it may thereafter be subject to liens if the receiving beneficiary has unpaid liabilities .


Input: Can The State Take Life Insurance Money?

Output: The state does not take away your life insurance or even your cash value . You life insurance will just prevent you from qualifying for state assistance such as Medicaid . Your cash value does n't need to be $ 2,000 or more to be a problem because if you have any money in a savings or checking account or any other countable assets , the combination of all of them can not be over $ 2,000 . You can assign your policy to a funeral home but the secondary beneficiary for money left over after the funeral is paid must run through your estate . Medicaid will usually be the 1st creditor that will get anything that runs through your estate .


Input: Can The State Take Life Insurance Money?

Output: If you have over $ 2000 of cash value in a life insurance policy and are going through a Medicaid spend down , it is possible that the State could have you spend down the life insurance cash value to $ 2000 . However , you are allowed to set aside a burial fund , and they can allow up to $ 25,000 in that , depending on where you live . So it may be possible to simply designate your life insurance as the burial fund , if you do have too much cash value in it to qualify for Medicaid , and do indeed wish to get on Medicaid .


Input: Is Car Insurance Required In Florida?

Output: Auto liability insurance is required in every state . You can get away without collision and comprehensive coverage if you own the car with no loan , but every driver is required to have liability insurance . The penalties for not having insurance tend to be very steep and minimum coverage tends to be pretty cheap so do n't break the law and drive without proper liability coverage .


Input: How Does Life Insurance Work If Everyone Dies?

Output: Another part to this answer is that not all life insurance policies ever pay a death claim . Most life insurance is not designed to be in force when you die unless you die younger than average . Term Life Insurance only pays a death claim if you die while it is in force . That 's usually 20-years when you are in your 30 's and 40 's and often up into your low 60 's . But most people do n't die that young . Other insurance is tied to your employer and only covers you during your working years . Most people do n't die during your working years . So the insurance company gets to keep all those premiums . Whole-life insurance is priced much higher than the others because it will pay a death claim 100 % of the time unless you cancel the policy . All insurance is priced based on the likelyhood of it ever paying a death claim . That 's why a healthy 35 year old man can buy a million-dollar 20-year term policy cheaper than a 70-year old would pay for a $ 10,000 whole-life policy . One is very unlikely to ever cost the insurance company anything . The other will certainly be paying a death claim within the next couple decades if not sooner .


Input: How Does Life Insurance Work If Everyone Dies?

Output: Everyone does die , so do you mean all at once or a few at a time ? ; -RRB- When a person passes and they have life insurance , in order to pay a claim , the insurance company must be presented a certified copy of the death certificate . Usually it is a good idea to have several certified copies of a death certificate made at the same time , around 5 or 6 as there will be many times where a copy will be asked for.In the case of life insurance , when the death claim is filled along with the certified copy of the death certificate , an insurance company begins the process of generating a check -LRB- s -RRB- to the stated beneficiaries on that policy . The check includes any interest gained from the date of death till the date of the check being created . Normally within 5 working days checks are issued after the claim form and the other required documents are presented.So that should answer your question if everyone dies and they have insurance , but they die as they have for all time . If we all go at once ? Well ... . would it matter how claims get paid at that point ?


Input: How Does Life Insurance Work If Everyone Dies?

Output: If you are asking how life insurance would work if all the beneficiaries died before the insured person did , the death benefit would do to the estate of the policy owner . Assuming the owner is the insured , and has no surviving spouse , the life insurance proceeds would then go through probate , with its accompanying fees and taxes . That is why it is important to keep beneficiaries on a life insurance policy up to date , so that they have not all died by the time the death benefit is paid .


Input: Can You Collect Disability And Unemployment Insurance At The Same Time?

Output: Can you collect disability and unemployment insurance at the same time ? Yes , depending on who owns the disability policy . For a group plan offered through your employer the answer would be no . For an individual policy the possibility exists that you could collect from both . Personally I have never collected unemployment so I do n't know if they even ask about disability insurance . They may and collecting disability insurance might reduce unemployment benefits . You may have to look how things work in the state you live in .


Input: Can You Collect Disability And Unemployment Insurance At The Same Time?

Output: If you are off work due to disability and are being covered under your employers disability plan then technically you are not unemployed and will not qualify for unemployment . As a general rule the answer in most cases would be no you can not . There may be exceptions depending on the circumstances but these would be rare because disability payments is considered a source of income thus disqualifying you from unemployment until your disability runs out .


Input: How To Find Renters Insurance?

Output: The best option to find renters insurance is to contact a local independent agent who can shop many insurance providers for you . This why the agent can help you determine your specific needs and find you the right policy and the right premium . Also many insurance providers offer discounts on your auto insurance if you package polices together .


Input: How To Find Renters Insurance?

Output: A renters insurance policy is like a homeowners policy for persons who do not own the residence they live in.All insurers are not created equally and an independent agent can assist you by comparing different companies . If you live in AZ , CA , TX , MO , or Ga give us a call or visit our website for further asistance


Input: How To Find Renters Insurance?

Output: Renters Insurance is readily available . Check with your Insurance Professional to see what options may be worth considering to best meet your needs an budget . Be sure to ask about any discount advantages for placing your Renters Insurance with the same company that also insures your car , life , busines , etc. .


Input: Will Health Insurance Pay For Weight Watchers?

Output: The Affordable Care Act does dictate obesity insurance coverage decisions for clinical preventive services as recommended by the U.S. Preventive Services Task Force . The task force does not address what insurance companies should specifically cover , so patients must consult their insurance company , and also follow recommendations offered by a doctors office . This can range from intensive counseling -LRB- 12 to 26 sessions -RRB- at the doctor 's office or referring patients out for weight-loss help . Some insurers are using Weight Watchers for patient referrals , while other companies are paying for memberships or offering discounts or reimbursements .


Input: Can A Lien Be Placed On Life Insurance?

Output: NO ... a lien can not be placed on Life Insurance . UNLESS you have given or using the cash value and/or the policy as collateral . If the loan which the collateral is being used to secure gets defaulted on , then yes , the collector can take the policy/cash value to pay off any balance . Life Insurance by nature is outside the reach of creditors such as your 401 -LRB- k -RRB- .


Input: Can I Get On Medicare Before The Age Of 65?

Output: You can not get on Medicare before age 65 unless you are on Social Security Disability and have Lou Gehrig 's Disease ; have been receiving Social Security Disability benefits for 24 months ; or you have worked long enough in a federal , state or local government job and meet the requirements of the Social Security Disability program . Some disabled widows and widowers , or divorced disabled persons , may be able to get Medicare under age 65 under some conditions .


Input: What Does A Life Insurance Medical Exam Consist Of?

Output: Life insurance exams can be quite extensive or simple . The requirements vary on your age , amount of coverage , overall health and information in your MIB records and data available in Intelliscripts . Sometimes your doctors records are requested in addition to a physical exam . The exam may be done by a paramedical firm or a regular physician -LRB- other than your own -RRB- .


Input: What Does A Life Insurance Medical Exam Consist Of?

Output: A life insurance medical exam usually consists of taking a blood and urine sample , blood pressure reading , pulse , weight , height , and answering health questions . The health questions may be the same ones you filled out on your application , but this is a way for the life insurance to double check your responses to be sure they are getting accurate information . Some life insurance exams will add on an EKG , memory test , or other requirements , depending on your age and the face amount for which you are applying .


Input: What Does A Life Insurance Medical Exam Consist Of?

Output: It depends on the amount of insurance applied for and age of applicant . In most cases a paramedic would do height , weight , blood pressure , and blood and urine . If the size of the policy warrant it , they may do a stress test , but this is not the average . The examiner would also do a medical history .


Input: What Does A Life Insurance Medical Exam Consist Of?

Output: Medical exams for life insurance underwriting will have different requirements depending on the age of the insured , the amount of coverage applied for , and the type of policy . There are Guaranteed acceptance policies that do n't require an exam at all . Usually they have some medical questions and the max coverage is low . Typically for up to a few hundred thousand dollars of coverage the requirement is just a small blood draw and urine sample along with blood pressure readings and medical questions . Larger benefit amounts may require an EKG etc. .


Input: How Much Are Annuities Taxed?

Output: Tax deferred annuity policy accounts accumulate without taxation , but at distributions any gain in the policy is taxed as ordinary income at the effective tax bracket of the annuity owner . The tax deferral feature can have a significant impact over long periods of time for those in high tax brackets .


Input: What Is Bad About Variable Annuities?

Output: There are bad annuities . But there are good annuities that have an excellent value proposition for consumers who fit an annuity products suitability profile . Non-qualified deferred annuities have significant value for high tax bracket and long term investment horizons consumers . Non-qualified deferred annuities have several crediting methods : fixed interest rates , indices performance and separate sub accounts that use equities and bond instruments .


Input: Can I Claim Occupational Therapy On Medicare?

Output: Medicare does cover medically necessary occupational therapy , within certain limits . In 2014 , after you have paid your Part B deductible -LRB- $ 147 -RRB- , Medicare will then cover 80 % of charges for occupational therapy , up to an annual limit of $ 1920 . If your occupational thearpy exceeds this annual limit , you can request additional coverage from Medicare once your therapy costs exceed $ 3700 for the calendar year .


Input: Is Term Life Insurance Payout Taxable?

Output: A life insurance policy indemnifies the beneficiary for the loss of the insured . That relationship has to exist only at the time of application . The theory is that the death of the insured created an economic loss , the value of which was established at an earlier point in time -LRB- the death benefit . -RRB- A group of people with similar exposure to economic loss joined together to share the risk of this type of loss . When one person dies , the premiums paid into a fund provide a death benefit to offset the economic loss . For this reason there isnt an income taxable event .


Input: Is Term Life Insurance Payout Taxable?

Output: It does n't matter what type of life insurance policy you have , term or permanent , the death benefit proceeds are normally not taxed as income . If it is in force at the moment the life insured dies , the death benefit will pay out . In most cases , life insurance proceeds , the death benefit , are received income tax free by the beneficiary . This is a key feature of life insurance . Common exceptions include business-owned life insurance issued , or materially modified , after August 17 , 2006 which may be taxable unless specific steps are taken during time of application and annually thereafter to meet conditions which allow the proceeds to be income tax-free . Another exception is a tax trap where life insurance contracts with three parties involved may also have unexpected taxable implications .


Input: Is Term Life Insurance Payout Taxable?

Output: Death proceeds from a term life insurance policy could be subject to estate taxation and possibly ordinary income tax in some business scenarios and/or may even be subject to alternative minimum tax . In generally terms , life insurance proceeds go to tax free to the beneficiaries of the life insurance policy .


Input: What Are The Best Renters Insurance Companies?

Output: I would suggest a carrier that has been or is in the Wards top 50 and is rated decently byAM best . Talk to your friends and family and they can advise you about the experiences that they have had with different carriers during their lifetime . Or finally check the consurmer groups that you know of to find out what carriers they back .


Input: Can I Have Car Insurance From Another state?

Output: Auto insurers must be admitted in the state where they do business . If you have moved from one state to another the insurance in force will continue in force until you have changed your domicile . Thereafter you must deal with an insurance company admitted in that state . There is a strange exception called Excess and Surplus lines , but I doubt that will apply to you and your car .


Input: What To Know About Long Term Care Insurance?

Output: Regardless of who your agent is , or which company you purchase LTCI through , it 's important to educate yourself on the product first . Here is an extensive glossary so you can familiarize yourself with the terms . WEBSITELINK 70 % of Americans who reach age 65 will need long term care , so it 's important to act sooner rather than later in regard to purchasing LTCI .


Input: Is Homeowners Insurance Compulsory?

Output: That 's a great question ! Many mortgage lenders will require that you have some form of proof that they can get paid in the event your home were damaged or destroyed before they were fully paid off . That is usually done through your homeowners insurance or private mortgage insurance -LRB- pmi -RRB- . So while it is n't mandatory to have insurance , most lenders are going to want to know that their money is safe , and will require insurance before lending you their money . And unless you are very financially secure , it always is wise to have a way to cover the risks of losing your belongings , home , or protecting against being sued . Thanks for asking !


Input: Is Homeowners Insurance Compulsory?

Output: Home Insurance is NOT compulsory ! If you own a home and are financially secure and independent of any contractual or mortgage obligations , whether you self insure or purchase homeowners insurance is totally an independent decision . Since the purpose of insurance is to spread one 's risk over a large pool of people having the same class of risk , it could be assumed that if one were to have a great sum of assets and wish to underwrite their own risk , in some cases , it may be an advisable task to take . For the average homeowner , a fire , wind , water damage or liability loss could mean absolute devastation and financial ruin . It is well noted in all regions of the country that many retired people choose to discontinue paying for home insurance after their mortgage is paid off , many times , these same people may begin to close an eye to necessary maintenance issues on the home thus causing a fire or jeopardizing the safety of the home to other perils ; many families have been devastated in the course of saving the cost of an inexpensive insurance premium .


Input: Why Do Life Insurance Companies Blood Test?

Output: Life insurance companies blood test to determine the risk factors present , and thus , whether the policy should be approved or declined . The blood test results also help them know how to rate the policy , and thus , the price you must pay . Some things they look at/for are blood sugar , cholesterol , liver function , nicotine , and illegal drugs .


Input: Why Do Life Insurance Companies Blood Test?

Output: They want to verify information given them by the applicant . This includes use of medications , drugs , and smoking . They also want to know about diabetes , and other disorders . These will then be used to determine rate class , or even disqualification . Talk with your agent . Thank you . GARY LANE , garylane@cox.net, 714 422 9616 .


Input: Does Term Life Insurance Fund A Savings Plan?

Output: No , Term Life Insurance does not fund a savings plan within the policy , like Whole and Universal Life Insurance do . The only type of term insurance that has any saving component is Return of Premium -LRB- ROP -RRB- Term . If you keep an ROP term policy at least half of the years of the term , it can return some of the premium if you drop the policy . If you keep the policy for the entire term , it can return all the premium you paid in .


Input: Does Term Life Insurance Fund A Savings Plan?

Output: Conventional term life insurance policies essentially provide a payment on death benefit if the policy holder passes away while the policy is in effect . While it is possible an individual would structure their affairs in a way that some or all of the proceeds from their life insurance policy went to fund someone else 's savings plan , the term life policy itself is not savings plan vehicle . If a person 's desire is to have a life insurance policy that also builds cash value over time as a potential savings device then some type of permanent life insurance policy would better suit this need .


Input: Does Term Life Insurance Fund A Savings Plan?

Output: That is a great question ! Unfortunately , term life policies do n't fund anything , unless you pass away during the specified term period . That is the reason why I try to steer people away from those popular TV advertised senior life policies like AARP and AAA ; they end when you turn 80 , and leave you without coverage , after years of paying for it . I 'd highly advise that you consider another form of funding , one that will work for whatever it is that you are trying to save for . Term policies have no cash value of any kind unless you pass , so they are definitely not a good choice . Please feel free to contact me , if you 'd like to discuss this further , okay ? Thanks for asking !


Input: Who Pays Health Insurance In Divorce?

Output: It is common for married couples to have a husband/wife or family policy in place through one spouse 's employer . Once the divorce is finalized the non-employee spouse is no longer considered a dependent , and can opt to continue the plan as an individual through COBRA coverage . Coverage can continue for up to 36 months , but the premium costs may be much higher because the employer contribution is lost . In most cases each party is responsible for making their own premium payments for insurance . However everything is negotiable .


Input: Why You Should Buy Disability Insurance?

Output: You should buy Disability Insurance if you have an income that would be entirely lost if you were unable to work at all for a short or long period of time . If your job is specialized and it would be very difficult for you to work or make a living at an alternative job , you could get Disability Insurance that covers your `` own occupation '' so that you do not find yourself working at something that makes you miserable for the rest of your life .


Input: Which Is Better Whole Life Or Universal 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 life insurance coverage needs , including quotes and policy comparisons , and if you have any other questions . Thanks very much .


Input: Which Is Better Whole Life Or Universal Life Insurance?

Output: That is a great question ! The answer depends upon a couple of things , your tolerance for risk , and whether you are a `` buy and forget about it '' or a `` keep tabs on everything '' person . If you want to buy a policy that draws automatically from your account , and you never have to think about it again , -LRB- other than to change beneficiaries , or borrow from it -RRB- buy whole life . If you have a high risk tolerance , and like to check often on how things are doing , then you might be fine with a UL policy . There is a much greater risk of this policy lapsing than with the whole life , and this is a great possibility if you are n't paying attention to how well it remains funded . Your premium payments can increase with this type of policy , to keep it afloat , so this is definitely not a `` buy and forget '' type of policy . I hope that helps , thanks for asking !


Input: Which Is Better Whole Life Or Universal Life Insurance?

Output: They are different forms of permanent insurance . In order for a policy to be permanent , that is last the entire lifetime of the insured it must develop cash value . A whole life policy guarantees cash value in the policy . A universal life policy doesnt guarantee cash values . It is possible for a universal life policy to exhaust its cash values rendering the policy worthless . The universal life policy invests in a separate fund that is generally managed in a more aggressive manner than the guaranteed whole life cash value fund .


Input: Does Health Insurance Cover Porcelain Veneers?

Output: Health insurance covers procedures that are considered medically necessary . In most situations , have porcelain veneers applied to your teeth is done for cosmetic appearance only . As long as the teeth are sound and have not been injured in an accident , there is no reason to believe your health insurance , or dental insurance would cover the procedure . #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans #GaMedigapQuotes


Input: Does AAA Have Car Insurance?

Output: AAA has auto insurance in many states and their rates are typically very competitive . Although they are mostly known for towing and labor benefits along with travel guides , they do have an insurance wing that is very reputable . A licensed broker can provide quotes from AAA and many other highly-rated carriers .


Input: Is Life Insurance Part Of An Estate After Death?

Output: The are many varying circumstances for lifeinsuranceproceeds . Life insurance is paid directly to the benefactresses of the life insurance policy . Generally most married couples use the marital deduction act to pass the proceeds and all other assets to the surviving spouse . If the proceeds remain with the surviving spouse , they are subject to federal and state estate taxation if the proceeds and all other assets exceed the federal unified credit and the state exemptions.If that possibility exists , then the policy or policies should be owned day one by an Irrecoverable Life Insurance Trust to avoid inclusion in the estate .


Input: Is Life Insurance Part Of An Estate After Death?

Output: Life insurance MAY become part of the deceased 's estate if it is set up that way . Usually that 's only the case when the assets of the insured are over the estate tax threshold , currently about $ 5.4 million . Then an insurance policy designed to pay the estate tax may be designed specifically for that purpose . Otherwise typically life insurance will have named beneficiaries and the death benefit will go directly to them , not the estate .


Input: Is Life Insurance Part Of An Estate After Death?

Output: Yes , life insurance is part of an estate after death if the person dying owned the policy . If the deceased person was the Insured and someone else -LRB- or a life insurance trust -RRB- was Owner of the policy , the life insurance proceeds are not part of the deceased person 's estate .


Input: How Long Does Short Term Disability Insurance Last?

Output: Short term disability last for as long as you are continually unable to work due to a covered medical condition , or until the policy benefit period it met , whichever is less . Every policy is different . You make a decision about the length of the benefit period when you purchase the policy . Policies with longer benefit periods cost more than those with shorter benefit periods . You may be able to choose between lengths of 3 , 6 , 12 , or 24 months .


Input: When To Give Up Term Life Insurance?

Output: You do n't ever need to give up term life insurance , and should not do so unless you have given it a lot of thought . Term life insurance is the least expensive type of policy you can get , and most people have gotten the cheapest premium they will ever get on the policy they own right now . The exception to that might be if you had a health condition that has improved or cleared up since you bought your policy ; if you quit smoking over a year since you bought your policy ; if you lost a lot of weight and kept it off for at least a year since you bought your policy ; or if life insurance rates have dropped across the board . You also might find a new , lower rate with another comany , or by taking a shorter term . Visit with a good agent to see if any of these apply to you . If you want more or longer term , sometimes it is more cost efficient to take out a new policy in addition to the one you have . Sometimes it is better to combine both coverages into one new policy . Again , an ethical agent can help you determine what is best in your situation .


Input: Can My Homeowners Insurance Company Drop Me?

Output: A carrier can drop you as a client typically with at least fifteen days notice . Typically a carrier will drop a client if information provided during the application process is found to be misrepresented or fraudulent . If you have had a large number or high dollar amount of claims a carrier may not be willing to accept you as a risk . State regulations and carrier risk tolerance varies . If you have additional questions or concerns about this contact your local agent , your carrier , or your state 's commissioner of insurance .


Input: Can My Homeowners Insurance Company Drop Me?

Output: In California an insurance company has 60 days from the date your coverage is bound to complete their underwriting on your home and accept or deny coverage . Once it passes 60 days they can not cancel coverage until renewal unless you willfully misrepresented information or the policy cancels due to non-pay .


Input: At What Age Does Life Insurance Expire?

Output: It depends on the type . Assuming you consistently pay your premiums , if you have term insurance , it can expire . If you have permanent insurance , then no . Term insurance keeps the premiums fixed and guaranteed for a specific number of years -LRB- e.g. 10 , 15 , 20 , 25 , or 30 years -RRB- . After the term period has expired , the premiums change to annual renewable term insurance and increase each year -LRB- based on age -RRB- . You can elect to continue the existing term insurance policy up until age 90 or 95 -LRB- with most policies -RRB- , however , the price to keep that policy in force becomes astronomical and you would never pay it past the first couple of years . Most people replace a term insurance policy with a new term or permanent policy . Permanent insurance is designed to cover you for the rest of your life . The only way a permanent insurance can expire early is if it 's `` dialed down '' - meaning the death benefit is designed to only go to a specific age/policy year -LRB- e.g. dialed down to age 90 -RRB- . Dialing down a policy can be useful to reduce your premiums , but still provide good coveragelongevity . I hope the input helps . Please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: At What Age Does Life Insurance Expire?

Output: That is a great question ! Term life insurance ends at whatever the specified term is - usually 5 , 10 , or 20 years , though some of the ones you will see advertised on TV or that you will receive in the mail will expire at age 80 . Whole life insurance expires at whatever age you do . I hope that helps - thanks for asking !


Input: At What Age Does Life Insurance Expire?

Output: It really depends on the type of life insurance policy you have . On term life policies they have a guaranteed level premium for a certain period . Most common are 10-20-30 years . The policy does not necessarily expire on the date but the premiums will increase about ten fold . On cash value plans such as whole life or universal life , they really do n't expire but rather endow . This means the cash value now exceeds the face amount . When purchasing these plans a good agent will set up the `` target '' premium to endow at your chosen age . Some companies will allow you to endow at age 150 . The short answer is you decide the `` expiration '' date .


Input: Can You Transfer Car Insurance To A Van?

Output: When you say , transfer do you mean that the van will replace the car ? Or do you mean that the van is an additional vehicle to be added to the policy . In either case the procedure is relatively simple . You wouldnt be able to replace a Fiat with a road grader because commercial risks are handled differently . Some pick-ups are so large that they require special handling .


Input: How Long Does It Take To Process A Life Insurance Claim?

Output: Life insurance companies generally say that it can take two months to process a claim . If everything goes well , this time can be much shorter . If the death claim form is filled out incorrectly or there are other sticking points , it could take longer than that . State Departments of Insurance regulate this , so insurance companies are compelled to make death claims processing a top priority .


Input: How Long Does It Take To Process A Life Insurance Claim?

Output: You need to have everything together to start the death claim process . Be sure you have your life insurance company 's death claim form and a certified copy of the death certificate . There are certainly differences in life carriers , but once everything is received with no issues you can expect 3 weeks to about 8 weeks to receive your benefits . If the death occurs within the first two years of the policy , known as the contestability period , this can add several weeks to the process as usually an investigation will be implemented . Also , if death occurs under homicide or mysterious circumstances benefits can be held up for a significant period of time . It is a good idea to have your trusted advisor or agent involved to help the process along while you are going through the grieving process .


Input: Does Homeowners Insurance Cover Legal Fees?

Output: If you are sued for bodily injury or property damage , your homeowners policy will provide coverage up to the limits of the policy . In this process they will investigate and settle the claim . They are not required to provide a defense after they have paid an amount equal to the policy limit . This provides coverage for a person who is on your insured premises with your permission and is injured because of a condition on the premises or an activity that involves you , This also covers your domestic employees and animals although there may be limitations to the coverage on dogs . There is also limited coverage for other peoples property that is damaged by you .


Input: Does Homeowners Insurance Cover Legal Fees?

Output: That is a great question ! The answer is typically yes , though the amount of that coverage can vary , depending upon your policy , and the incident itself that led to you being sued . Your policy will have a set limit for what the insurance will pay out , check with your agent for your specific amount . They will investigate , give you their findings , and the amount they are willing to pay as a result . you can help yourself out a lot here if you have good documentation of the incident-witness statements , police reports , pictures , etc. . Good luck ! Thanks for asking !


Input: Is Single Premium Life Insurance A Good Investment?

Output: Interest rate crediting single premium life insurance with a low death benefit cost maybe a good play for death benefit , but neither as an investment nor a savings option in a low interest rate environment . When and until the guaranteed interest rate on these contracts rise to 3 % or better , they are not economically viable as a savings plan to overcome the policy expenses .


Input: Will My Renters Insurance Cover Theft?

Output: There are several levels of coverage available for a renters -LRB- tenants -RRB- policy . Most tenants policies are written on the HO-4 form and full coverage is extended over all the personal property on your residential premises . Theft is not an excluded peril and is therefore covered . It is best to have photographic evidence of all property to assist in filing an accurate claim report .


Input: Does Auto Insurance Cover Electrical Fire?

Output: If your auto is damaged by fire , it is covered under the comprehensive portion of an auto policy . Not every auto policy has comprehensive coverage and the reimbursement is the actual damages above the deductible listed in the policy .


Input: How To Prepare For Life Insurance Health Exam?

Output: In addition to Matt 's great suggestions , it is a good idea to drink lots of water before your exam , and avoid coffee , soda , and alcohol for 8 to 12 hours before your blood test . If you smoke one cigar per month and are trying to get a nonsmoker rate , do n't smoke your cigar in the week before your life insurance exam . If you get a bad cold , flu or other health condition , put off your exam until you feel better .


Input: How To Prepare For Life Insurance Health Exam?

Output: In order to prepare for your exam you first will need to exactly what is going to happen . In other words , are you going to give blood , urinate in a cup , get a resting EKG , answer medical questions , etc. . You should ask your agent what information and test that will be requested . It is best to have an 8 hour fast before the blood and urine so you get the best chance of accurate readings . -LRB- So do n't get your blood drawn right after eating a big greasy burger . The extra cholesterol will show up and mess up your NORMAL levels -RRB- . the resting EKG you should be relaxed as well as for the the blood pressure test which they will normally take 3 readings . For the medical information , be sure you know your history including doctors and their addresses . The more you can provide if necessary , the easier underwriting will be .


Input: Is Car Insurance Paid Monthly?

Output: Most insurance companies will allow you to pay monthly however your policy is set for either 6 months or 1 year . If you are able to pay in full most companies provide a pay in full discount and you also avoid monthly service charges which in some cases can be as much as $ 15 per month depending on the company .


Input: What Information Do I Need To Apply For Medicare?

Output: Signing up for Medicare is a fairly simple process . It can be completed online through the social security 's website . The common information needed would be your general information -LRB- name , date of birth , social security number , etc. -RRB- . If any additional information is needed , social security would contact you to get it . The entire process can be done in less than 20 minutes . A lot of people look at purchasing a Medigap plan and Part D plan as well to go with their original Medicare coverage -LRB- Parts A & B -RRB- . Please feel free to contact me if I can be of further help . Thanks very much .


Input: Can You Own A Home Without Homeowners Insurance?

Output: If you do not have a mortgage you can choose to not insure your home . The risks that are involved with home ownership are great . The home represents the largest asset most people have . If you can sustain lawsuits and the possibility of losing your home , then a homeowners policy is not needed .


Input: Can You Own A Home Without Homeowners Insurance?

Output: You can , it is your choice of course , but honestly , in my opinion not advisable . A policy transfers risk from you to the insurance company . So that should you suffer a loss to the house or personal property , instead of you having to come up with perhaps 10 's of thousands of dollars to rebuild or replace your property , the insurance company provides that protection . Likewise , if you are legally responsible for someone 's injury or damage to their property , instead of you having to write the check , your insurance company will .


Input: Can You Own A Home Without Homeowners Insurance?

Output: You can own a home without having homeowners insurance but more than likely you will need to maintain the coverage as a requirement of your mortgage contract . Most mortgage companies require `` Hazard Insurance '' to protect their investment in your home . If you fail to maintain `` Hazard Insurance '' , or commonly known as homeowners insurance , the mortgage company will put `` forced insurance '' on your home . The forced insurance policy will be much more expensive and will have inferior coverage . Some are even considered a `` single interest '' policy . This means that the mortgage company is the only beneficiary under the policy -LRB- you get nothing -RRB- . We do not recommend owning a home without homeowners insurance . For many people their home is their largest asset and you should protect it .


Input: Can You Own A Home Without Homeowners Insurance?

Output: That is a great question ! A better one might be why would you want to ? The amount that you would pay for the policy will be far less than what it would cost you should something happen to your home , and you were out of the value of the home , and its contents . I suppose that if you are very very wealthy , and can afford that kind of loss , that you could save the money for the policy , and spend it somewhere else . I hope that helps , thanks for asking !


Input: What Drugs Are Tested For Life Insurance?

Output: Life Insurance companies must do a blood test for any amount over around $ 25,000 , although some groups allow up to $ 150,000 . The tests are to detect both legal and illegal drugs . If you are taking medications and do not disclose that , they will be found . This helps the carrier determine what your general state of health is . So assume that whatever the drug is you may be taking , it will be detected by the test . Even a week after you have taken that drug . Thank you . GARY LANE .


Input: What Drugs Are Tested For Life Insurance?

Output: Most life insurance companies that are selling fully underwritten plans use a service called paramedical companies . They send out a nurse to record your health history and collect vital signs and samples . The nurse will take height , weight , blood pressure , blood and urine samples . In older clients or higher face amounts they will collect an EKG . The blood and urine are tested for common diseases but also drugs including nicotine , prescriptions and illegal drugs such as THC , amphetamines , depressants , cocaine , heroine and hallucinogens . In other words underwriters are very through . The prescription drugs are compared to medical records to check for abuse as well .


Input: What Is A Conversion Credit On Life Insurance?

Output: What is a conversion credit ? It is something some life companies use as an incentive to convert your term policy with them into a permanent policy with them . It is a marketing tool with the idea that roughly one months new premium creates an incentive to keep your insurance coverage with that carrier .


Input: What Is A Conversion Credit On Life Insurance?

Output: Some life insurance companies provide a conversion credit for policy owners of convertible term insurance to convert their policy to permanent -LRB- cash value -RRB- life insurance . The credit is an incentive which credits last year 's term premium or some portion of it to the new permanent policy premium or as cash value . If made available , it will only be in the first few years of the term policy . It was once more common than it is today .


Input: Does Disability Insurance Have A Waiting Period?

Output: I believe by `` waiting period '' you are asking about the elimination period . Yes all disability policies have some sort of waiting period upon your first diagnosis of a medical disability . Short term disability insurance plans have a relatively short elimination period and can be as short as one day . Long term disability plans vary from 30 days to 360 days before benefits begin to pay .


Input: Does Disability Insurance Have A Waiting Period?

Output: Yes , Disability Insurance has a waiting period that you select yourself . Your premium will correspond inversely to the length of the waiting period you pick . I.e. . A policy with a 3 month waiting period will have a lower premium than a policy with a 1 month waiting period . The waiting periods are called elimination periods . Your agent can help you select the one that best fits your needs and budget .


Input: What Is The Best Life Insurance For A 60 Year Old?

Output: The best life insurance for a 60 year depends on what you are using it for , as it does with a person of any age . E.g. . If you need it to pay off your mortgage , term insurance could work . However , at age 60 , you do have to pay greater consideration to how long you want to have life insurance . If your goal is to have it be in effect upon your death at any age , you are safest getting a permanent policy . Why ? Because you may not qualify for a new policy when term insurance ends , and many policies are not convertible to permanent insurance past age 65 or 70 . There are many excellent No Exam Whole Life policies available at age 60 , with maximum face amounts of $ 25,000 or so . You can also buy larger policies if you have relatively good health and do n't mind taking an exam . I think Universal Life with a no lapse guarantee is a good choice at age 60 . Using an agency that offers many Senior options will help you make the best choice .


Input: What Is The Best Life Insurance For A 60 Year Old?

Output: That is a great question ! There are some questions that I 'd ask you before giving you my answer . The first would be to ask what you wanted the policy to do for you . Wealth transfer , debt coverage , covering final expenses ? Then I 'd ask you how much coverage it would take to accomplish that for you . Then we 'd get into your health , and come up with an answer that fits you . If you 'd like to do that , please drop me a line . I hope that helps , thanks for asking !


Input: What Is The Best Life Insurance For A 60 Year Old?

Output: There are just too many factors to determine which life insurance would be best for you . The specific need will determine the type and face amount . For example , if you have a debt to be repaid within 10 years , a 10 year level term would be appropriate . If you need a fixed amount to leave for final expenses or an amount to leave to loved ones , a whole life insurance plan that you can not out live may be the appropriate solution . Find an experienced independent life insurance broker you trust to help you maneuver this need .


Input: What Is The Best Life Insurance For A 60 Year Old?

Output: There is a lot of rules that will need to be followed at this age it all depends on the past savings as to what should be done at this point . The best advise I can give is get started most people including my self which I learned the hard way spends more time planning a 4 day vacation than for their long term retirement -LRB- GOALS -RRB- so just get started be patient it 's not over till it 's over.So find a good advisor now you might need to lose your mind in the process or do n't over think it .


Input: What Is The Best Life Insurance For A 60 Year Old?

Output: Most people expect a life insurance policy to pay a death benefit when they die . If that concern is limited to a specific period of time , like the term of the mortgage , then term insurance that matches that period of concern is appropriate . Otherwise permanent insurance is the best option , if you can afford it . Permanent insurance is less expensive in the long run but the initial cost is higher than term insurance because term policies normally end before the insured dies -LRB- without any benefit . -RRB-


Input: Can I Borrow Against My Globe Life Insurance?

Output: if you have a whole life policy , and not a term life policy , and You have built the required cash value then of course you may borrow from the cash value . Although I am not a partner with Globe in particular I can inform you of the in general as for all Whole Life Insurance policies are designed .


Input: Can I Borrow Against My Globe Life Insurance?

Output: There are several types of policies which have the ability to build cash value for you to borrow from . Those policies are : Universal Life , Whole Life , Term UL , Return of Premium Term , Indexed Universal Life & Variable Universal Life . Like Mark was saying , you do have to have the cash value available to borrow or withdraw . Remember , if you borrow the money as a loan , and if you lapse the policy , the loan may create a taxable event if the money you borrowed is greater than the premium paid . Contact your broker/agent to review your policy or you may be able to call the company as well . Good Luck .


Input: Does Health Insurance Cover Laser Acne Treatment?

Output: Laser acne is covered under an individual health insurance plan if it is medically necessary . If the procedure is done because of cosmetic reasons , there is a goodchancethat it is not going to be covered and you will be responsible for the entire cost . My answer is based on my 32 years of experience as a broker . It 's always best to check with the insurer first , assuming you are covered .


Input: How Much Is Health Insurance Per Month In Arizona?

Output: Great Question . Typically Health insurance cost an average of $ 100 - $ 300 a month depends on the health insurance plan you select . The more money the plan the less is out of pocket cost . It all depends on your monthly budget good luck in selecting a plan . Please consult with a local broker on the rates and coverages .


Input: Will Renters Insurance Cover A Stolen Motorcycle?

Output: Your homeowners policy covers your personal property . In the policy definitions you will likely find that that does not include motorized vehicles of any type . There might be an exception for a vehicle used to maintain the premises -LRB- i.e. riding lawn mower . -RRB- Your motorcycle might be covered by a motorcycle policy . Coverage for loss by theft is frequently an option on motorcycle policies .


Input: Will Renters Insurance Cover A Stolen Motorcycle?

Output: A stolen motorcycle is not covered under a renters or tenants policy . All coverage for a motorcycle is contained in a motorcycle policy . A renters or Tenants policy covers the personal property which specifically excludes motor vehicles . The only exception would be a motorized vehicle that is used to maintain the property and is not licensed for road use .


Input: How Is Birla Sun Life Insurance Company?

Output: Birla Sun Life Insurance Company is a joint venture between the Aditya Birla Group and Sun Life Financial , Inc. . It is a very large life insurance company in India.The AUM of Birla Sun Life Insurance is close to Rs 22,929 crs and it has a capital base of over Rs . 2,450 crs as on Mar 31 , 2013 . Sun Life Financial is a highly rated company , as is the Aditya Birla Financial Services Group -LRB- ABFSG -RRB- .


Input: What Is The Best Health Insurance In Maryland?

Output: The best health insurance in Maryland is available at very affordable rates . An experienced broker shops multiple companies and provides instant online quotes from both in and outside of the federal Marketplace . Of course , your rate depends on may factors , including your age , zip code , household income and Metal-tier of the plan you choose . For example , Platinum plans are the most expensive while Bronze-tier plans are the cheapest . Among the major companies that offer very competitive rates , CareFirst BlueChoice , CareFirst of Maryland , Evergreen , Kaiser , and UnitedHealthcare typically should always be considered . Non-compliant short-term plans are also available , although federal subsidies would not apply . This question was answered by Ed Harris , one of the top US health insurance brokers and owner of Majormedicalhealth.com , the consumer website that provides the lowest available health insurance rates .


Input: What Is The Best Health Insurance In Maryland?

Output: The best health insurance is the kind that is best for you . There 's a difference between the most comprehensive coverage and what is most suitable -LRB- or `` best '' -RRB- for you . Determining which carrier 's health plan will serve your needs best can depend on a number of factors . Several questions that are helpful in pointing you in the right direction to find the plan that 's best for you are : 1 -RRB- do you want the most comprehensive coverage you can get or are you willing to take on a larger share of the risk/costs to keep your premiums down ? 2 -RRB- what is your budget ? maximum dollar you 're willing to spend ? 3 -RRB- what carriers service your area ? 4 -RRB- what type of network do you prefer ? -LRB- e.g. HMO or PPO -RRB- Under the Affordable Care Act , there are four main benefit levels - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may also want to see if group coverage is available through your employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or your employement was terminated , you lose the coverage . An individual plan will stay with you wherever you go . It 's always helpful to consult with an experienced broker regarding your coverage . We have in-depth knowledge of products from multiple carriers and work on a personal level with our clients and help them find the coverage that will best serve their needs . Please feel free to contact me for further assistance . Thanks very much !


Input: What Is The Best Health Insurance In Maryland?

Output: With any kind of insurance , there is never a single health plan that be considered `` best '' for everyone . To determine the best plan for your personal situation , speak to a licensed insurance agent that represents many companies in your area . This will help you receive expert advice , based on your personal needs . If you are someone that rarely utilizes medical care , you are more than likely going to be best served by a high deductible , low cost policy . Conversely , if you do regularly use medical services , or expect large medical bills in the upcoming year , then you need to find a policy with the most benefits , at the lowest cost possible . This can prove challenge for someone that does not deal with insurance on a daily basis . Your best alternative is to find an independent agent that represents all the companies available in your area , and seek their guidance on determining which plan will ultimately cost you the least , considering both the premium and your expected medical bills .


Input: Why Is Long-Term Disability Insurance Important?

Output: Long Term Disability Insurance is important because most people do not have enough savings to cover being off of work for over 3 months or more . The benefits of Long Term Disability Insurance can pay until retirement , if you get that type of plan . If someone were to become permanently disabled in their younger to middle age years , that is a lot of years of income coming in . Without that income , many years of living on only Social Security Disability can cause financial devastation to even the wealthiest of families .


Input: Does Home Owners Insurance Cover Lightning?

Output: While you would want to check your policy , the general answer is yes . Homeowners policies cover such things as lightening , wind , hail , fire , and a host of other perils . So if lightening come in and destroys your TV , in most cases that would be a covered peril . Check with your insurance agent to find out what your Homeowners Policy covers .


Input: Does Home Owners Insurance Cover Lightning?

Output: Most homeowners will cover lightening , but the best thing to do is read your policy . There are many different types of policies for dwelling with homeowners being just one . The policy language will specifically tell you what is and is n't covered in the event your home has a loss of some kind .


Input: Will Medicare Pay For Funerals?

Output: Medicare is health insurance . There are no death benefits associated with Medicare . There are many ways to prepare for the cost of your burial . Most people will purchase a burial insurance policy , usually $ 10,000 or more . Some will make arrangements in advance with a local mortuary . Social Security pays $ 255 upon your death .


Input: What Happens If My Auto Insurance Cancels?

Output: If your auto insurance cancels , when you look to secure coverage with another carrier the amount of time from the cancellation of coverage to the time that you secure coverage with another carrier be seen as a lapse of coverage possibly forcing you into a high risk policy . If you secure coverage with another carrier before the cancellation or within thirty days of the cancellation then you would not be considered as having a lapse in coverage .


Input: Can You Have Medicaid And Health Insurance At The Same Time?

Output: In the vast majority of situations the answer is no . Medicaid is a state-run insurance program designed to help low income persons pay for their health care . As a general rule you must not be able to afford to pay for private health insurance in order to qualify for Medicaid . However , this is a government program we 're talking about so there are always some exceptions buried in the fine print . This is where things can get complicated and the rules can vary from state to state in some situations . Some state Medicaid programs will assist in paying private insurance premiums for a person who can not fully pay them . A low income person who has recently lost their job and their health insurance through their former job may be eligible for assistance in paying their COBRA premiums in some states . You would have to check with your state 's Medicaid office to learn what the rules are in your particular state . Also , you have a limited amount of time to apply for such assistance after losing your job in states that provide this type of assistance so time is of the essence . Medicaid also has a special program for people diagnosed with AIDS that may qualify them for premium payment assistance . Once again , you will need to check with your state 's Medicaid office to determine what their policies and procedures are for qualifying for such assistance .


Input: What Are Paid Up Additions In Life Insurance?

Output: Life insurance policies can be participating or non-participating . Participating policies share in the divisible surplus of the insurance company and receive dividends , non-participating do not . These type of dividends are in essence a refund of premium . One of the dividend options available is paid up additions . Paid up additions are like a fully paid up versions of the policy to which they are attached . The paid up additions , have a cash and death value and also attract dividends . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: What Are Paid Up Additions In Life Insurance?

Output: This is one dividend option that is available on a Whole Life policy . You can talk to your Insurance Professional about what option best meets your needs , but a policy like this credits dividends on an annual basis calculated at the policy 's anniversary date . You can choose to take them as cash , allow them to just accumulate or have them purchase `` paid up additions '' which are in effect little additional amounts of coverage that increase the original death benefit that you chose .


Input: Does Homeowners Insurance Cover Vehicle Damage?

Output: No , vehicles are not part of the home and are not personal property . This is a common misconception about vehicle coverage.Many people believe their home insurance will cover vehicles if they are in a garage , this is simply not true . Home insurance will exclude `` vehicles '' which is normally defined as `` anything with a motor , unless it is used to services the premises . '' - so if you have a lawn mower or snowblower , and it is only used to service the premises -LRB- mow your own lawn , blow your own snow -RRB- then it is covered as personal property . If you use it for hire to make money , you should cover it under business insurance.A snowmobile , motorcycle , car , boat are not used to service the premises , so would be excluded . Even vehicle parts are generally excluded by homeowner 's insurance .


Input: How Much Is Medicare In The USA?

Output: You have asked a very complicated question . There is no simple answer , but I will try to give you an idea . Medicare has 4 parts . Part A is hospital insurance and has no premium . Part B is your health insurance and pretty much covers everything covered by Medicare other than hospital costs and post hospital skilled nursing . The premium for that varies according your your income . For most people , it is currently $ 104.90 per month -LRB- 2013 -RRB- and if you are taking your Social Security , it is deducted from your monthly payment . Part A and B constitute Original Medicare . Medicare Part C established Medicare Advantage plans , and Part D is prescription drug coverage . If you select an advantage plan , your insurance will be provided by an insurance company . These usually take the form of an HMO or PPO and have generally the same restrictions and exposure as a non Medicare HMO or PPO . Most include prescription drug coverage so you wo n't need a Part D. However , make sure your particular prescriptions are covered . If you select Original Medicare , you will probably want to choose a Medicare Supplement , or Medigap policy . These plans have a monthly premium , and do n't cover prescription drugs , but do lower your exposure to big expenses . Most of the plans do not have copayments . You can choose a supplement that covers all of the things that are covered by Medicare and lower your risk to virtually zero . While the plans are standardized , the premiums will vary from state to state and from company to company . If you choose a supplement , you will also need to pick a Part D prescription drug plan . The costs for these also vary and are influenced by the particular prescriptions you take . You can learn more at the Centers for Medicare and Medicaid Services , www.cms.gov .


Input: Does Home Insurance Cover Rain Damage?

Output: Yes and no ! The typical multi-peril homeowners policy water covers damage caused by rain under specific circumstances such as water windblown thru the roof shingles or a hole in the wall or roof caused by lightning . However if it rains to the degree that water collects on the ground and enter your home thru doors or windows , the homeowners policy does not cover it . That would require a flood insurance policy . If it rains and your sump pump fails and water fills your basement , most homeowners policies will NOT cover the loss , though many companies offers optional sump pump failure coverage . Consult your insurance professional for the details that apply in your state .


Input: What Is Medigap Plan F?

Output: Medigap plan F is the most popular Medigap plan you can buy because it 's offers the most comprehensive coverage . It covers all 9 Medigap benefits at 100 % from day 1 . The 9 benefits are : 1 -RRB- Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment 5 -RRB- Part A hospitalization deductible 6 -RRB- Part B medical deductible 7 -RRB- Part B excess charges 8 -RRB- Skilled nursing facility co-insurance 9 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Plan F also offers a high-deductible version of the plan -LRB- known as Hi-F or High-F -RRB- it is the only plan that offers this feature . Under a High-F plan , the insured must pay for Medicare-covered costs up to the years deductible amount $ 2,140 in 2014 before the plan pays anything . The benefit of the High-F plan is that it offers the insured a much lower monthly premium than a regular plan F. I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: Does State Farm Sell Health Insurance?

Output: State Farm agents do sell health insurance but it is not a State Farm product . The carrier has a marketing agreement with Assurant -LRB- Time -RRB- to offer their products in select states . In most states Assurant is not competitive and is making noise like it may not be around post 2014 when Obamacare kicks in . Just something to consider . Also , your SF agent may not understand the intricacies of health insurance and may fail to fully explain your options and how the plan works . Assurant is like most other carriers They have some OK policies and some that stink .


Input: Does State Farm Sell Health Insurance?

Output: I agree with Bob . If you are a State Farm customer you should use them only for what they specialize in . And that means auto insurance and home owners . Do n't fall for the `` multiple policy discount '' gimmick when it comes to your life and health coverage . That is definitely smoke and mirrors . Buy health insurance from a true health insurance company . Buy life insurance from a true life insurance company .


Input: How Much Is Nationwide Renters Insurance?

Output: The cost of renters insurance from Nationwide will depend on several factors including the value of your items kept in the apartment or house , the location of the building , the age of the building , and your heating source within the building . Based on the variability of all these items , it 's nearly impossible to answer this questions without more information about these items .


Input: How Long Does Health Insurance Take To Start?

Output: Health insurance can start immediately , depending on the type of policy . I 'll answer your question quickly and accurately . Short-term plans can be approved within 24 hours ... or instantly , depending n the carrier . They are not considered Obamacare plans . Otherwise , when you apply for Exchange plans under Open Enrollment , the effective date depends upon when you apply . Of course , getting the lowest rate is , of course , important . LIVE answer provided by : Ed Harris - Premier Health Insurance Broker for 33 years and owner of several top-rated websites .


Input: How Long Does Health Insurance Take To Start?

Output: The answer to your question will vary somewhat depending upon where you are getting your health insurance . Are you a new employee anticipating your employer based coverage ? Or , are you a person looking for a personal , individual major medical insurance plan ? After January 1 , 2014 in the employer based setting and under the requirements of the Affordable Care Act , once you are hired as a full-time eligible employee or your hours are increased to full-time status , then the employer can not have a waiting period that exceeds 90 calendar days from the date you become eligible . So , an employer can have a waiting period of anywhere from `` date of hire '' to the 90 calendar days from date of hire . For administrative and payroll keeping purposes I am finding most employers are opting for a policy on a new hire becoming eligible for coverage on the `` first day of the month following 60-days '' . In the individual health insurance world we do have to keep the new open enrollment periods in mind and how failure to enroll during this annual election period can impact a person 's eligibility for health insurance coverage between open enrollment times . In other words , if you `` just did n't get around to it '' and you 've had no change of life status event since open enrollment closed then you ca n't take out a major medical health insurance policy until the next open enrollment period for a 1st of the year start date at best . -LRB- If you qualify you can take out a Short Term Medical policy to carry you through until then -RRB- Assuming yours is a normal individual major medical enrollment then the following rules of thumb apply to when your effective date of coverage is supposed to be ; 1 -RRB- Completed enrollment form submitted on or before the 15th of the month will be for an effective date of coverage of the first day of the next month . For example , an enrollment submitted on December 10th would be for an effective date of January 1st . 2 -RRB- Completed enrollment form submitted after the 15th of the month will be for an effective date of coverage of the first day of the following month . For example , an application is submitted on December 20th would be for an effective date of February 1st . Open enrollment season for 2015 begins on November 15th , 2014 and runs through February 15th , 2015 .


Input: Why Do I Need Life Insurance?

Output: You need life insurance if you have someone you care about who would suffer financially as the result of your death , and you are unable to save up enough in your lifetime to prevent that . Even if you do save it up , most of us have no way of knowing if those funds will have to go to something else before we die . Life Insurance does not pay the death benefit until death , so is a good way to provide for those we love after we are unable to do so .


Input: Does A Pool Raise Homeowners Insurance?

Output: There are some insurance companies that may surcharge for having a pool but generally this is very minimal . What a pool owner needs to consider is do they have enough liability coverage on their policy . Your biggest potential loss as it pertains to a pool is having a liability law suit against you should someone be injured or worse in or around your pool . Being a pool owner myself I carry an umbrella policy as added protection just to make sure in the event of an unfortunate accident I am properly covered .


Input: How Long Does It Take To Receive Disability Insurance?

Output: It ultimately depends on how long it takes for you to submit a claim form -LRB- and any other documents your carrier requires -RRB- and the carrier to review and process the paperwork . If everything is in good order when you submit the paperwork , the entire process should take maybe a couple of weeks . If the carrier requests additional paperwork -LRB- e.g. something needs to be clarified -RRB- or the forms you submitted were not completed properly , then it could take a little longer than that . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any other questions . Thanks very much .


Input: How Long Does It Take To Receive Disability Insurance?

Output: It really depends upon your waiting or elimination period . The most common elimination periods are 30-60-90-180-360 days . The time period must be met in order to start receiving your benefits . Once you have a medical diagnosis of a total disability is the day the time period starts . Almost all companies go back a pay a lump sum once the elimination period is met to the day of diagnosis . If you are applying for Social Security disability the minimum time period is 9 months and can be as long as 2 years .


Input: What Will Medicare Pay For In Assisted Living?

Output: Medicare does not pay for rent or amenities in privately funded assisted living communities . Considered non-medical senior housing , Medicare will not pay for your rent , meals , or anything not deemed as medical . If you have Medicare , you can still use it for your medical needs . You may be able to receive some covered services at an assisted care facility for preventative or acute care or medical emergency -LRB- therapies , medical supplies , equipment use , dietary counseling and ambulance transportation -RRB- . Thank you for taking the time to read my response . Please let me know if I can be of further assistance .


Input: Where To Get The Best Life Insurance?

Output: The best life insurance is the policy that you purchase from your trusted life insurance agent . Friends , colleagues and neighbors can recommend someone if you dont already have that relationship . A good life insurance agent will listen to you carefully , offer sound financial advice and communicate clearly with you and the insurance company . Tailoring a plan that meets your needs will be the agents priority and when done properly a meaningful relationship will be established .


Input: Where To Get The Best Life Insurance?

Output: There are many carriers out there but the best life insurance depends on questions being asked and information about the client purchasing the coverage what are your goals remember in purchasing life insurance it 's about you and what your needs are . Agents have many options to offer , you should find one that you can trust and then you be honest with them and the relationship becomes mutual then you can find the best .


Input: What Is The Cost For Renters Insurance?

Output: Renters Insurance is very inexpensive . Shopping around at different offices is highly recommended . What I like to be sure everyone is aware of is the type of Renters Insurance available . You really want to get the `` replacement cost '' v. `` current value '' . Think about what your TV is worth today if you were to sell it versus purchasing a new one . You will pay a bit more but will be well worth it IF an event was to occur ruining your possessions . Lastly , write down what you have , video tape on your phone is a great way to save it . This way you do n't have to dispute what you actually have if you have to file a claim .


Input: When On Disability Do You Get Health Insurance?

Output: After being on disability for two years you can be switched over to Medicare and it will be a great option for you . To accomplish this you will work with social security in advance of month 24 . These folks are not prompt it can take several months to get up and running . Just as soon as you have your Medicare ID you 'll want to find a Medicare insurance specialist in your area that will walk you through the process at no charge to you


Input: How To Cancel Life Insurance From Primerica?

Output: Before you cancel any life insurance policy , you should talk to your agent to make sure it 's the right move for you . One of the things that most people do n't think about is their insurability , especially when they have an existing plan . They may have preferred rates at the time they got it , but now have a medical history and may be looking at standard or substandard rates on a new plan if they decided to get coverage again later on . If you 're looking at securing new coverage / replacing the old policy , you should compare the two structures and make sure it 's the most favorable course of action for you . Third , if you 're cancelling it because of premium affordability , you may have an option to simply reduce the face amount or term period of the coverage to reduce the premiums . After all proper considerations are done and you still want to cancel the policy , you can do one of two things : 1 -RRB- simply stop paying the premiums and the policy will just lapse on its own 2 -RRB- call the carrier and tell them to terminate the coverage -LRB- if you have a permanent policy with cash value , you can request to receive the cash value proceeds -LRB- less any surrender charges or loan fees -RRB- , if applicable/available . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Can You Cancel Life Insurance At Any Time?

Output: Yes you can cancel life insurance at any time , there is no contract that requires that you keep the policy . There are situations where the courts in divorce situations have required a parent to carry life insurance until the child reaches a certain age , but this is a civil requirement not contractual .


Input: Can You Cancel Life Insurance At Any Time?

Output: Yes , you can cancel life insurance at any time , but should give it some thought before doing so . Term Life Insurance has no cash value or surrender charges , so cancelling it is as easy as just stopping payments . However , if you do want a new Term policy in the future , rates will be most likely be higher due to your being older , and you may have had a change in health that prevents you from getting a new policy . You might want to look into converting part of your Term policy to Permanent while that window of opportunity is open . Cancelling Whole Life or Universal Life that has built up some cash value presents even more decisions . Is your policy paid up , or could it be , so that you do not owe anything else on it ? If you do take out the cash value , are you going to roll it over into something else ? Do you no longer have a need for Life Insurance at all ? Money can be tight and Life Insurance may seem to be an expendable item in the budget . But if a tragedy would occur , money would become a lot tighter . Sit down and talk to an agent before making your decision and you might be pleasantly surprised at the options you have .


Input: What Could Easily Get You Dropped From Your Auto Insurance?

Output: Attempting to turn in fraudulent claims would be the first thing that comes to mind . If you do no provide accurate information when applying for coverage or when turning in a claim with a carrier they will more than likely not want to keep you on as a client .


Input: What Could Easily Get You Dropped From Your Auto Insurance?

Output: Several things can get you dropped from your auto insurance policy . One could be not making your payments which could result in policy termination . However assuming you make your payment on time the main reason is increased risk . A poor driving record is usually the primary contributor of your policy being non renewed . DUI 's andwrecklessdriving are top of the list or a combination of multiple accidents and moving violations will do it . You wo n't be cancelled for one or sometimes even two accidents but have that third one and in most cases you may be dropped . There are some carriers that do have a no drop promise so something to consider .


Input: What Could Easily Get You Dropped From Your Auto Insurance?

Output: Great question ! The easiest ways are to falsify your application or claim ; stop paying it ; Start having multiple accidents , dui 's etc. . I ca n't say any of these are really good things to do , and I would ask why you would want to get dropped . Doing so typically has bad results for you on subsequent attempts to get insured , and driving without insurance is even worse . If you want out of your contract , just call them , and tell them you 'd like to cancel the policy.Thanks for asking !


Input: What Could Easily Get You Dropped From Your Auto Insurance?

Output: You can expect to be dropped from your car insurance policy if your license is suspended or revoked , regardless of the reason . You can expect to be dropped if you fail to make premium payments . You can expect to be dropped if you start to use your car for commercial purposes -LRB- like delivering pizza . -RRB-


Input: What Age Does Term Life Insurance End?

Output: Term life insurance may have a guaranteed level premium for a time certain , but most policies actually can be continued to age 95 with annual renewable or yearly renewable term . It is very expensive to use this coverage approach . You might be able to convert your term life insurance to a permanent life insurance policy .


Input: What Age Does Term Life Insurance End?

Output: That is a great question ! Term life policies are usually for a set number of years , and are clearly stated - five , ten , twenty or thirty years , most commonly . There are some , like the ones offered by AARP , or AAA for example , that set the end date as your 80th birthday . If you live to be 80 and a day , your options are very limited , as the price to renew your expired coverage is typically 110 % what your previous cost was , and finding other insurance to replace it may be very costly or impossible to get . It is important to speak with a knowledgeable agent before purchasing any insurance policy . Thanks for asking !


Input: What Age Does Term Life Insurance End?

Output: Term Life insurance either ends or jumps way up in price at the end of the term -LRB- some policies are only guaranteed to stay the same premium for part of the term , and could jump up in price before the term ends -RRB- . The age at which this happens , of course , depends on the age at which the policy was purchased and the length of the term policy purchased .


Input: How Much Is Car Insurance For A Jeep Wrangler?

Output: The cost to insure a Jeep Wrangler depends on many factors including where you live -LRB- county and/or zip code -RRB- , your age , the number of moving violations/accidents in the last three years , the age of the vehicle , and the coverage -LRB- collision , comprehensive , liability limits etc. . . -RRB- that you need . The monthly rate could be as little as $ 25 of much much more . Some carriers will give you a substantial discount if you have excellent or superior credit . Additional discounts are often available if you are a member of AAA or AARP , or package your homeowner 's or renter 's insurance with the car insurance company that covers your Jeep Wrangler . Fortunately , it only takes a few moments to obtain a free quote and compare the cheapest companies . Answer to this question was provided by www.carinsurancezoom.org , the premier auto insurance resource for consumers , and providing the lowest rates from top-rated companies . Ed Harris has been a top US Broker for more than 34 years and owns the website .


Input: Can Your Auto Insurance Company Drop You?

Output: An automobile insurance company is not required to renew your coverage unless that is guaranteed by the contract . In California they must notify the driver well in advance of the end of the policy to allow sufficient time for the driver to secure insurance elsewhere . The most common reason given is driving under the influence of alcohol .


Input: Can Your Auto Insurance Company Drop You?

Output: Your auto insurance company can terminate your policy at any time . Of course , if you are considered a reasonable risk , despite a few claims , your chances of being dropped drastically reduce . An experienced car insurance broker can help alert you to situations that may place you at a higher risk of being cancelled .


Input: Can Your Auto Insurance Company Drop You?

Output: In a word , yes . There are circumstances , however , that must be justified by the underwriting standards filed by the insurance company with your State 's Insurance Department . Obviously if you do n't pay your premium , you will be dropped at the end of the grace period , if your policy has one . If you receive too many tickets or are responsible for too many chargeable accidents , you may be non-renewed . If you have an accident and receive a serious infraction ticket that results in your license being suspended , it may also be possible that your company may drop you mid term .


Input: Does Renters Insurance Cover Damage To Property?

Output: Renters Insurance is not designed to cover damage to property such as real estate . It will cover your property inside the apartment or home you are renting . Be sure to look at the type of coverage you are getting as well ; current value v. replacement value . In other words , if your TV is damaged , would you want what it is currently valued at or what it takes to get a new TV ?


Input: Does AARP Have Disability Insurance?

Output: AARP does not offer Disability Insurance , but they do advocate having Disability Insurance . As they explain , ages 50 until you retire are often your peak earning years . If you lose your paycheck during this time due to disability , it could affect you for the rest of your life .


Input: Does AARP Have Disability Insurance?

Output: AARP does not offer private Disability Insurance to sell to American Association of Retired Persons members . Their website does give advice on whether to purchase Disability Insurance , and provides basic information about Disability Insurance . To purchase Long Term or Short Term Disability Insurance , contact a local agency or a website that offers Disability Insurance .


Input: Does Medicare Cover Blepharoplasty?

Output: Medicare and other health insurance policies will cover blepharoplasty surgery if there is a medical need for corrective surgery . Blepharoplasty is sometimes done for cosmetic reasons . In those cases , surgery would not be covered by Medicare . Your opthalmologist will measure the degree of eyelid droop and can advise you if surgery would be covered by Medicare or not .


Input: Does Life Insurance Test Nicotine?

Output: Yes , a part of the testing is for nicotine in the system . Some carriers allow for different uses of nicotine products and do not cost as much for coverage as someone who smokes , but still cost more than non smoker rates . This topic is a hotbutton in insurance as the pricing for smoking is significantly greater than nonsmoker rates , the cost differences encourages some people to attempt to deceive on the application . Some states specifically `` waive '' the two year contestability clause in cases where mistatements about smoking are involved . In my state , they do n't even allow the insurance carrier to pay out the benefit at the smoker rate , just return the premiums . One good thing is if you do smoke and want to quit , you can depending on the company , get a nonsmoker rate after anywhere from 1 year to 3 years after quiting . If you decide to quit smoking , inform your doctor so there is a record on file of this decision and good luck .