Input: Who Can Buy Annuities?

Output: Product suitability is a primary concern to the investor or saver . A financial profile needs to be developed that includes risk tolerance , tax deferral as a key planning component and generally a moderate to long term hold position without the need of liquidity . The purchase should also consider whether the annuity is qualified or non qualified .


Input: Do I Need Car Insurance To Rent A Car In Montana?

Output: Generally speaking you do not need car insurance to rent a car . Most car rentals offer short term insurance coverage that you can purchase at the time you rent the car .


Input: Do I Need Car Insurance To Rent A Car In Montana?

Output: The Laws in Montana are Different Brandon . You must have your own insurance policy even if it is a non owned policy . The rental companies will sell you insurance but is for the comp and collision portion . I insuremany rental car business across the state and none of them will rent you a car unless you have at least liability on your own . Yes you can purchase insurance from that does include liability and comp and collision . We always recommend you purchase from a rental company the coverage they offer that way in the event of a claim it does n't effect your personal auto insurance .


Input: How Much Does Car Insurance Increase After DUI?

Output: Car insurance rates typically increase after a DUI ... although the amount of the increase will vary depending on the company you are insured with . There are other costs associated with getting a DUI , including possible reinstatement of your driver 's license and purchase of a Bond , as required by the state . Question answered by E. Harris ... Car insurance broker since 1980 with top-rated website .


Input: How Much Does Car Insurance Increase After DUI?

Output: In California the driving record of members of the household is a major part of the rate . In the first place you will be assessed points and will lose your good driving discount -LRB- 20 % -RRB- The points will normally almost double the premium . You will have to have an SR-21 filing and there is often a fee for that . There might be a fine -LRB- often quite high -RRB- and then there is driving school . It makes drunk driving extremely expensive .


Input: Why Did My Homeowners Insurance Increase?

Output: If your homeowners premium increased you should check to see if the coverage amount also increased . If the coverage has not changed either the company has had to file for a rate increase due to the loss pattern in your area or you have filed a claim . Filing a claim can cause a discount you were enjoying to be removed regardless of the amount paid on the claim .


Input: Why Did My Homeowners Insurance Increase?

Output: Honestly there can be any number of reasons for an increase . It is always best to talk with your Insurance Professional to discuss coverage and premium issues within the context of your policy . Some reasons for increases are simply because the company 's loss history required them to file for an increase in their base rate in your state . Another reason may be because your policy includes some form of `` inflation guard '' provision which triggers a small increase incoverage with each renewal . If the coverage increases , the premium will as well .


Input: Why Did My Homeowners Insurance Increase?

Output: There could be many factors as to why it would increase . Its best to have your Agent or Broker contact underwriting for a full review of your policy . Reasons could be from credit to replacement cost , company rate increase . Again best thing to do is speak to your agent . Thanks for asking ,


Input: Why Did My Homeowners Insurance Increase?

Output: That is a great question ! The best thing to do is ask your agent . Pop in , and have him tell you . It may be that you had filed a claim , it may be a change in your policy , or it may be the company 's desire for profits . Either way , your agent should be able to tell you . Thanks for asking !


Input: What Does Surrender Value Mean On Life Insurance?

Output: Surrender value on life insurance is the amount of cash that you would receive if you were to cancel your policy . It usually only applies to permanent life insurance , since term life insurance does not usually have cash value . It is the amount of cash value in the policy , minus fees and surrenders charges .


Input: How To Buy Long Term Care Insurance?

Output: To buy Long Term Care Insurance , go to an agency that sells a number of products from different companies , or else be prepared to visit more than one company so that you can get some comparative quotes . It is important to use experienced agents who can explain the features of each plan to you , so that you get what you want . When you have decided on a policy , you will fill out an application and take an exam , and the company may order medical records from your doctor . When you have been approved , you will pay the premium to put the policy in effect .


Input: How Much Does Homeowners Insurance Go Up After A Claim?

Output: Great question . I believe everyone should have an agent they can all and discuss options on filling or not filling a claim the 1800 numbers will not discuss this with you . First if there is a large loss , a fire for instance there is no question a claim needs to be filled . If the damages for what your considering filling a claim are less than five thousand dollars you should contact your insurance agent and discuss your options . One aspect that will determine the amount your insurance will go up after a claim is how long you 've been with a company , if you 've been with them -LRB- loyal -RRB- five years or greater likely your rates will not go up much if at all , this of course is with the premium carriers . If you shop and hop insurance companies often I am afraid the rates will be very high . There are rewards to staying with a carrier .


Input: How Much Does Homeowners Insurance Go Up After A Claim?

Output: How much your rate can be effected by a claim depends partially on how the carrier surcharges . Also the type of claim is a factor . Claims like liability , fire and theft rate much higher then wind and water . In many cases you may see no change at all while other could be hundreds of dollars . Also even if there is no charge for the claim many homeowners may be receiving a claim fee discount that would no longer apply so this would effect your rate .


Input: Can You Cash Out A Gerber Life Insurance Plan?

Output: If there is any cash value in your Gerber life insurance policy , and if you own the policy and are entitled to receive the cash value , then you should be able to cash in your Gerber life insurance policy . Permanent life insurance that has cash value can be allowed to go to maturity , or it can be cashed in before that time . Call Gerber to discuss your options .


Input: When To Buy A Medigap Policy?

Output: You can buy a Medigap Plan at any time during the year as long as you are enrolled in Medicare Part A and Part B . If you have Original Medicare Part A and Part B , you may want to consider buying a Medigap policy sooner rather than later . Original Medicare only covers generally 80 % of your medical costs , leaving you to pay the other 20 % -- as well as the Part A deductible -LRB- $ 1,216 in 2014 -RRB- and the Part B deductible -LRB- $ 147 in 2014 -RRB- . The best time to buy a Medigap Policy is during your initial Open Enrollment Period -LRB- the one time only , 6 month window when Federal law allows you to buy ANY Medigap Plan sold in your state -RRB- . During this period you can not be denied coverage . If you already have a Medigap Plan , you can buy a policy whenever you wish . You will just have to answer the health questions on the insurance company application . Your application will have to approved through the medical underwriting department . It 's important to note that the Affordable Care Act does not apply to Medigap Plans . If you have some health conditions , a Medicare Supplement Specialist can work with you to see which insurance companies might be good match for you . In some cases , you may have a Guaranteed Issue Right to purchase a Medigap Policy if you have other health care that changes in some way -- for example , you lose other health care coverage . This means you 'll get a small window of opportunity to purchase a Medigap Plan without being denied coverage . It ' s best to contact an independent agent specializing in Medicare Supplement insurance to help you determine if you are in this type of situation . Thank you for reading my response . Please let me know if I can assist you with your Medigap insurance needs .


Input: When To Buy A Medigap Policy?

Output: As for Medigap policies pertaining to Medicare Joann 's answer above is spot on ! I tend to think of `` Health Insurance Gap '' insurance in general as I do n't specialize in Medicare . If you have a major medical insurance plan and it does n't pay 100 % of the costs of all treatments you may want to look into a `` gap insurance '' plan . Many of the major medical plans leave you with a co-pay of 20 % on most items , and considerably more on some others . For example a dental plan may cover 50 % of the cost of a crown up to a maximum dollar amount for the year . There are some providers that offer indemnity plans that pay benefit you directly that you can use to cover your out of pocket costs such as your co-pay , or for whatever use you want . I happen to represent one such company that has very reasonable premiums , pays benefits in One Day from filing your claim , and offers excellent programs . ... quack quack !


Input: When To Buy A Medigap Policy?

Output: You can apply for a Medigap plan up to 3 months before your Medicare Part B effective date - you must have both Medicare Part A & Medicare Part B to buy a Medigap plan . Once you have an established Medicare Part B effective date , you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting - this is THE BEST time to buy a Medigap plan . After this point , you can buy a new Medigap plan whenever you would like -LRB- there are no annual enrollment periods for Medigap plans -RRB- , however , you would have to go through medical underwriting if you do n't qualify for a special enrollment period or a guaranteed-issue right . Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize . It 's not all about price as some may believe . You need to look at the carriers ' premium rating methods -LRB- community , attained , or issue age rated -RRB- , their rates , their rate increase history , their service history , and other factors . It 's best to consult with an experienced Medigap broker who can help you determine which plan and carrier will be most suitable to your desires , needs , and budget . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including providing quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: Why Is A Roth IRA Tax Free?

Output: The income tax free return on a Roth IRA is an incentive to save money for retirement . It is in this context that the IRS code allows the money to be income tax free . This includes not only the money that you have placed in the contract but any earnings made on that money . This is the idea that is being pushed by the President with his My RA .


Input: Why Is A Roth IRA Tax Free?

Output: Roth IRA 's are not ` tax free ' . They are simply not taxed at withdrawal after you have reached the appropriate age to be eligible and avoid penalties . The reason for this is because your contributions to a Roth IRA are done with after-tax dollars . You have already paid tax on the funds when they were earned originally . Because of this , you do not have to pay tax -LRB- again -RRB- when they are withdrawn .


Input: Why Is A Roth IRA Tax Free?

Output: That is a great question ! Roth IRA 's are excellent retirement savings vehicles . I think they should be a part of every retirement plan . When you make contributions to a plan , you make them either before income tax is assessed , or after the tax has been taken . Before tax , like your employer plan , means that the withdrawals are treated as income , and they are taxed then . After tax contributions , like your Roth , means that you have already paid your taxes , so the withdrawals are tax free . I hope that helps , thank you for asking !


Input: Can You Get Disability Insurance When Pregnant?

Output: You can apply for coverage although your current pregnancy will not be covered -LRB- consider pre existing -RRB- . Pre-existing is which symptoms existed within 12 months before the coverage effective date -LRB- may vary by State -RRB- that would cause a person to seek treatment from physician or for which a person was treated or received medical advice from a physician or took prescribed medicien . You will be covered for any other health problem which may happens to you .


Input: Can You Get Disability Insurance When Pregnant?

Output: To add to Peggy 's response , many carriers will write a disability policy , but they 'll add a pregnancy exclusion . After a normal childbirth -LRB- no C-section or complications -RRB- , the exclusion can be removed . If yourmind is on DI , it 's better to get the policy now and have the exclusion removed at a later date . Once the kiddos are running around the house , it 's harder to find time to get the exams completed , or worry about financial documents . Do it before your life gets too crazy !


Input: Can You Get Disability Insurance When Pregnant?

Output: Normally , pregnancy is considered a pre-existing condition and not covered by a disability insurance policy . It is up to the company whether they would postpone taking the application or exclude that pregnancy from coverage . Once the baby is born , you can apply for disability insurance prior to becoming pregnant again , to obtain coverage for that pregnancy .


Input: Can You Get Disability Insurance When Pregnant?

Output: That is a great question ! Generally , once you are pregnant , it is too late to purchase a disability policy . It 's kind of like trying to get an auto insurance policy after you 've wrecked the car , the insurance company knows they will have to pay out , and are reluctant to sell you a policy , knowing they are going to take a loss . Unfortunately , unlike health insurance , with disability insurance the pre-existing condition exclusion will apply . I 'm sorry . Thank you though , for asking !


Input: Do You Need Home Insurance When Renting?

Output: What you 're going to want is called a Renter 's policy . It is written on a homeowner 's policy platform , but gives no coverage for the physical property of the home . This type of policy provides coverage for your personal belongings as well as personal liability coverage for yourself . The hidden gem in a Renter 's policy is Loss of Use coverage . Loss of use provides coverage for your additional living expenses if you are not able to stay in your current rental due to a covered loss , such as fire or smoke damage , or hurricanes and tornadoes . The policy pays additional rental expense , transportation expense , and often times eating expenses due to the imposition of being without your original rental .


Input: Do You Need Home Insurance When Renting?

Output: When renting a home , the home owner needs to have Landlords Insurance to provide coverage for the Dwelling and Premises Liability . The renter needs to buy Renters Insurance to provide coverage for Personal Property & Family Liability . Although both the Landlords policy and the Renters policy are not required by law , it is advisable to be covered in the event of a claim . Many large property management companies and property owners do require tenants to purchase Renters Insurance as a condition to the Rental Agreement ; the reason for this is to avoid lengthy and cumbersome legal issues in the event of a claim attributable to negligence . For a small premium the Renters Insurance provides the tenant with Family Liability coverage which will offer defense and payout damages up to the policy limit . Liability coverage will offer protection for negligence that may lead to a claim -LRB- i.e. accidental fire , smoke , water damage etc. . . -RRB-


Input: Do You Need Home Insurance When Renting?

Output: Most states do not require that renters obtain renters insurance . It is , however , prudent if the loss of your personal property would put you in financial distress . Since that is true of most renters , it is a good idea to trade a small payment , the premium , to protect you from having to pay the large amount generated by a claim . If it goes up in smoke , it is always nice to be able to recover .


Input: What Does Surrender Value Mean In Life Insurance?

Output: The surrender value of life insurance is the amount that the policy owner would receive if they terminated their cash value policy . There is only a surrender to permanent policies -LRB- Whole or Universal Life -RRB- ; there is no surrender value to Term Insurance policies . The surrender value is the cash value minus any surrender charges or fees that are charged .


Input: Why Does Homeowners Insurance Increase?

Output: Homeowners Insurance is a contract whereby a homeowner transfers his/her risk to an insurance carrier in return for a contract and a small premium . Homeowners Insurance Premium will usually increase from year to year ; however , by chance a decrease may be seen once in a while . Insurance companies increase the Dwelling Coverage each year to keep up with the increasing cost of reconstruction ; after all , homeowners insurance 's primary purpose is to rebuild a home in the unfortunate event of a total loss . The small increase of dwelling coverage each year is usually the purpose that draws attention when the premium rises ; however , this is very insignificant . Insurance companies are audited each year and are obligated to comply with State Department of Insurance regulations in each and every State where they underwrite risk . Each year , insurance carriers calculate the necessary premium to maintain a safe financial condition and offer security to all homes insured ; the largest reason for premium increase would be ` loss experience ' during the prior year , another reason may be due to increased operational cost including but definitely not limited to reinsurance premium paid . Insurance Companies either have an internal actuarial department or hire an independent actuarial firm who are charged with the responsibility of calculating premium based on underwriting factors and prior loss data . For this reason , carriers only offer annual policies and are unable to predict risk on a longer term basis . Since carriers experience different loss results each and every year , insurance rates and increase percentages are never the same from one year to the next . Since paid losses continue to grow , claim frequency is showing growth and litigation is becoming more commonplace , insurance companies raise premium to keep up with the outflow of payments . It is important to recognize that claims and operational expenses are paid from the pool of collected policy premium . For a more detailed explanation or financial report from your current carrier , contact your carrier representative to receive a report . Also , data is available as published by the Department of Insurance in most States .


Input: Which Auto Insurance Is The Best?

Output: The best auto insurance policy is the one that is in force when you have an accident . The very best auto insurance policy is the one that will take care of you to the fullest extent possible at the time of an accident or loss . While premium is important nothing is as important as having a policy in force and with sufficient limits to properly care for you .


Input: Which Auto Insurance Is The Best?

Output: Which auto insurance is the best depends on where you live , the type of coverage you need , and your driving record . There are dozens of companies with competitive rates in most areas . How to get the best policy at the lowest rates ? Utilize the free services of experienced brokers . It 's free and you 'll save an immense amount of time and frustration ! LIVE answer provided by : Ed Harris - Premier car insurance broker since 1980 and owner of several nationally top-rated websites .


Input: Which Auto Insurance Is The Best?

Output: The one that meets all of your needs at a price that you are willing to pay . You first should find yourself a local agent that you that you are comfortable working with as they will be your liason between you and your carrier . They will also be the one that you contact to get answers to your questions and recommendations for other coverage .


Input: Is Whole Or Term Life Insurance Better?

Output: There are agents who contend that people should only buy term life insurance , and other agents who feel that people should only buy whole life . Most of us , though , believe that there are places in financial portfolios for both term and whole life insurance . Just as life insurance products are created to meet different needs , the type of need you have is what makes term or whole life better for you . If your need is for a lot of coverage for short period of time , term would probably work best for you . If your need is for a policy to pay for funeral expenses , whole life is probably better . An agency that sells both types can help advise you so that you get the best policy to suit your needs .


Input: Is Whole Or Term Life Insurance Better?

Output: It really depends on what you need your coverage for . Term insurance is designed to provide temporary coverage that lasts for specific number of years while whole life insurance is designed to last until you die or your `` whole life '' . Remember , the best life insurance is the type that is there when you die .


Input: What Is Medicare Advantage Part C?

Output: Medicare Advantage -LRB- Part C -RRB- is a private Medicare system run by insurance carriers . When you elect an Advantage plan you are no longer in traditional Medicare but in a private system . Your medical provider files claims with the carrier , not Medicare . You should know that most Advantage plans have networks . If you use a non-par provider you either have no coverage at all or you have higher deductibles , higher copay 's and higher out of pocket . Advantage plans have a LOT of moving parts and a LOT of out of pocket . They are great plans UNTIL you get sick .


Input: Is Disability Insurance Money Taxable?

Output: If youre a legitimate business and you expensed or deducted the disability premium , then disability benefits are taxable at ordinary income tax rates . If there was no business deduction , then disability benefits are distributed tax free . Before deciding if the deduction makes sense determine your effective tax rate first .


Input: How Much Are Long Term Care Insurance Premiums?

Output: You Should Buy Long Term Care Insurance when youre young and in good health . But most Americans under the age of 50 consider it too early in their life for consideration because of other more pressing midlife financial events or commitments to come . The general rule of thumb is age 50 , but most purchase at age 60 . A 60 year old nonsmoking male and female in good health will pay $ 300 a month for a long term care insurance policy . Long term care insurance -LRB- LTCi -RRB- is part of retirement planning . The total medical cost during retirement is $ 250,000 . Some of that expense could be LTCi assisted living or nursing home care . If you have discretionary dollars , it is recommended to purchase an LTCi policy to the maximum allowable benefits before age 65 .


Input: How Old Is Too Old For Long Term Care Insurance?

Output: As a practical matter , insurers usually price their products for issue ages up to age 79 . The premiums are pretty high at the oldest ages so it is generally wise to buy as early as possible so long term care insurance does not become cost prohibitive for your financial situation . Not only does it get costly the longer you wait to start , the chances that you will be uninsurable increase dramatically at older ages .


Input: How much insurance do I already have?

Output: Without knowing your age and the cost per thousand for your current life insurance , we can not calculate how much coverage you already have with CMFG . You can contact the Langley Federal Credit Union to inquire , or see this website to ask about making a change to your policy . WEBSITELINK


Input: Can Life Insurance Improve Your Credit Score?

Output: Life insurance is not reported on credit reports , but if you pay your monthly life insurance premium with a credit card , it will show up on credit reports . As with other bills that are paid on time by credit card , paying your life insurance premium consistently and on time can improve your credit score .


Input: Does Disability Include Health Insurance?

Output: Not usually as these are two separate types of coverage . Disability insurance is an income replacement type policy designed to pay out only in a few situations based on the ability to work . Payment is based on the meeting the ability to be actively at work in your current profession . Health insurance is used for payment of treatment for just about any condition that can occur for a person . Health insurance pays towards services provided and disability insurance pays for the loss of income due to the inability to work .


Input: Does Disability Include Health Insurance?

Output: No , Disability Insurance does not include Health Insurance . Disability Insurance pays the recipients a portion of their income each month after becoming disabled . The money can be used for any expenses that the benefit recipient wants to use it for , just as when they were earning their income through their jobs .


Input: Does Disability Include Health Insurance?

Output: It depends . If you qualify for Social Security Disability Income -LRB- SSDI -RRB- you should also qualify for Medicare . Once you have been on SSDI for two years you would normally be eligible for Medicare coverage even if you are not age 65 yet . There are some conditions , such as renal failure , that may qualify you for immediate Medicare benefits .


Input: Can I Cash In My Whole Life Insurance Policy?

Output: You can cash in your Whole Life Insurance policy . The question is , is it to your advantage to do so ? If you need the cash , you can borrow from your policy while still keeping the insurance intact . Talk to your agent or a representative of the life insurance company from which you bought your policy to discuss your options before making a decision about this purchase that you may have paid into for many years .


Input: Can I Cash In My Whole Life Insurance Policy?

Output: Yes , if you wish to surrender your whole life insurance policy you can in essence `` cash it in . '' The insurer will send you a check for the cash surrender value of the life insurance contract . If your whole life policy is participating -LRB- meaning it pays dividends -RRB- it may be advisable that you wait until the end of the policy year when the dividends are paid before you surrender the policy .


Input: Can You Buy Insurance For A Car You Don't Own?

Output: I know of one exception where this is acceptable and only a few insurance carriers will allow this . Lets say for example Daddy buys his daughter a car but the car is registered to Daddy . The daughter goes and purchases her own policy and insures the car that is not in her name . As long as this is the daughters primary car and you disclose the Dad owns the car this may be acceptable . Dad will be listed as either a driver or excluded but the daughter in this case can buy an insurance policy and not own the car . Again everything must be disclosed .


Input: Can You Buy Insurance For A Car You Don't Own?

Output: OK , I feel compelled to add a little bit more to what I perceive as some good answers here . There are some very good reasons to buy Extended Non owned Coverage or Non Owned Coverage if you are using a company car . Yes the employer who owns the car is going to typically have it well insured for liability -LRB- their business is at stake -RRB- . Your welfare , life and future income is not particularly pressing to your employer have your owned extended non owned liability and Uninsured Motorist protection


Input: Can You Buy Insurance For A Car You Don't Own?

Output: I would like to add my two cents to this question , as Im not sure a couple of situations have been covered . But the question is Can I insure a car I dont own . If you own and insure a car , your own policy should extend your coverage to any car you are driving -LRB- borrowed , temporary substitute or short-term rental -RRB- as long as it is not another car you own or regularly use . In that sense , your policy then insures you driving a car you dont own . If you dont own a car but often drive cars you dont own and want to make sure you are adequately covered , you should be able to purchase a form of Drive Other Car coverage . Its common to see this coverage on business auto policies covering the business owner and family members when the business owner doesnt own a personal car but is provided vehicles by the company . Here again you are in a sense insuring a car you dont own . In my practice , I like to make sure every client has access to an automobile insuring agreement , as a named insured on a policy covering an owned car , as a spouse or family member residing in the household or some form of Drive Other Car coverage . I like to see adequate limits , comprehensive and collision and appropriate uninsured/underinsured coverage . No responsible adult should be without some form of auto insurance coverage ; as an owner , operator , passenger or pedestrian .


Input: Can You Buy Insurance For A Car You Don't Own?

Output: In our business we get a request like this from time to time . It always raises a big red flag . It 's a claim nightmare waiting to happen . The question I always ask but is rarely answered truthfully is `` why would you want to insure something you do n't own ? '' . The truth is usually that someone will let them use a car as long as they agree to insure it . Or , someone will insure the car as if they own it and just not tell us they do n't own it . That 's hwy our CSRs will ask to whom the car is titled . You can not insure something you do n't own because you do n't have a loss if it 's damaged or stolen . That 's insurance 101 - insurable interest . If the car is damaged , the insurance company will only pay the person to whom the car is titled . If you lie on the application and say that the car is titled to you when it 's not , you may actually get paid . However , if the insurance company does just a little research you could find yourself in a world of trouble . Here 's the correct way to handle this situation . The insurance must be written in the name of the titled owner of the car . The person who is driving the car is listed as the primary driver . If the agreement is that the driver is the person who actually pays the insurance , that 's fine , the insurance company is n't concerned with that . But be aware that anything that happens with that car will impact the owner . A cleaner way to do this is to actually give or sell the car to the person who will be driving it and transfer the title . The insurance can then be written properly and there will be no liability issued to speak of . Be smart , find an agent you can trust . They 'll tell you legal way to handle this . Do it the right way and avoid a nightmare at claim time .


Input: Does Home Insurance Cover Stolen Cash?

Output: Yes , up to the policy limit . You will need to check on your policy forms and look at the cash coverage . Its usually up to $ 1500 , but may vary with different insurance companies . Talk with your insurance agent and have him or her explain the circumstances of this coverage if cash was taken from you .


Input: What's The Possibility Of Getting Comprehensive Auto Coverage On A Rebuilt Title?

Output: This has been a hot topic in California . Apparently , an insurance company can not refuse to offer comprehensive coverage on a salvage titled car . I suspect that this coverage isnt available in other states but there doesnt seem to be a provision to deny coverage in California .


Input: How Much Does Car Insurance Increase After An Accident?

Output: That really depends upon the company and terms and conditions of your policy . The amount may vary but it is possible to see upwards of a 25 % increase for about three years after an accident is settled . On the other hand , if you are a long time policy holder and this is your first such claim , you may have a benefit called `` first accident forgiveness '' which means you wo n't see any accident related increase at all .


Input: How Much Does Car Insurance Increase After An Accident?

Output: Your car insurance rate will typically increase after an accident , although the amount can vary , depending on many factors . The length of time you have been with the carrier , the amount of money paid , your previous driving record , and number of vehicles on the policy will impact the amount . Typically , a 5 % -25 % increase can be expected , although more vehicles on the policy lowers the amount .


Input: How Much Does Car Insurance Increase After An Accident?

Output: That is a great question ! I sincerely hope that you never need to find out . That said , it will depend entirely on your policy , what your past driving record has been , and the amount of your claim . Some companies will give you a break on your first claim , or a claim after not having one in a long while . The amount that they will have to pay out can be a factor also . If it 's minor , probably not as big a hike as if your car is totaled . Call your agent , and get the specifics on your policy . Good luck , and thanks for asking !


Input: Will Veterans Be Forced To Buy Health Insurance?

Output: No , people do n't have to have health insurance . However , underthe Affordable Care Act , if you do not want to buy a health plan , you would be subject to a penalty payment -LRB- also known as an `` individual shared responsibility payment '' -RRB- . Many individuals have options for group insurance through their employer or they are on Medicare or Medicaid . If you decide to buy a health insurance plan , then you would either need to buy it on or off the health insurance exchanges . Buying on the exchanges is beneficial if you qualify for a subsidy . Subsidies can only be used for on-exchange plans - they can not be used towards plans sold off the health exchanges . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . Please let me know if I can be of further assistance . Thanks very much .


Input: Will Homeowners Insurance Pay For Water Damage?

Output: It will , but it also depends upon where the water came from . If there is a heavy wind and rain storm and the wind damages your roof , causing rain water to leak in and damage the inside of your home , there will be coverage for that . If on the other hand , the heavy rain does not causedirect damage to your home , but raises the water table in your property , which causeswater to leak into your basement , it is possible that there would not be any coverage for that because ground waterdamage is usually excluded under a homeowners policy . Be sure to ask your insurance professional about coverge for failure of any sewars or drainage systems like curtain drains or sump pumps . If you have such coverage , then you will be more likely to be covered if your basement fills with water as a result of any failure .


Input: What Does Life Insurance Offer?

Output: Life insurance offers a death benefit that is paid directly to your beneficiary tax-free when you die . It 's a beautiful thing . If you have a family that depends on your income and would suffer financially if you died , then you need life insurance . Call your local life insurance broker and shop the rates .


Input: What Does Life Insurance Offer?

Output: Life insurance depending on the type of policy can offer several things . The primary purpose of course is a tax free lump sum benefit to your loved ones when you die to replace income , payoff debt , educate your children , etc. . However , there are cash value plans such as a whole life policy for example that can do much more . Think of it as the Swiss Army knife of life insurance . The features can help with retirement , pay for a critical illness , long term care situation , college funds for children , etc. . I recommend sitting down with an experienced independent life insurance broker you trust and build a plan that takes care of your unique needs .


Input: What Does Life Insurance Offer?

Output: Life insurance offers that the the life insurance company will pay the beneficiary of your choice a predetermined amount of money , if you should die within a set period of time -LRB- which you could choose to be your lifetime -RRB- , in exchange for a set premium that you pay on a predetermined basis .


Input: What Is A Tax-Qualified Long-Term Care Insurance Policy?

Output: The premium and benefits for a Tax Qualified Long Term Care Insurance policy can be deducted on your tax return as a medical expense . TQ Long Term Care Insurance came about in 1997 with the introduction of HIPAA . Tax Qualified policies have a set of guidelines that must be met to be designated as TQ policies . Long Term Care policies purchased before 1997 were grandfathered in , despite not meeting those guidelines . Now , most of the Long Term Care Insurance sold in the US is TQ .


Input: Is There A Life Insurance Policy For Veterans?

Output: When servicemembers separate from the service , they have the opportunity to convert their SGLI -LRB- Servicemembers Group Life Insurance -RRB- to VGLI -LRB- Veterans Group Life Insurance -RRB- . However , it must be done within a short time . If a veteran is looking for life insurance after some years of being out of the service , there is not a VA policy especially for them , but they can get private life insurance as can anyone of that age group .


Input: Will Medicare Pay For Ostomy Supplies?

Output: Ostomy supplies may be covered under Medicare Part B. Whether Medicare will cover the supplies or not depends on how your doctor has documented the need for such supplies . Depending on the type of ostomy you have , Medicare may cover supplies for up to 3 months at a time , assuming you have met your Part B deductible .


Input: Where Should I Buy Long Term Care Insurance In Michigan?

Output: There are local career agencies and brokerage shops in Michigan that offer long term care insurance . But you may also want to use online brokerage firms that offer an inventory of companies , sometimes with side by side comparison spreadsheets to understand which company is most competitive . Genworth is one of the leading long term care insurance companies in the market place .


Input: Where Should I Buy Long Term Care Insurance In Michigan?

Output: Nursing Home costs in Michigan average $ 246 per day for a semi-private room and $ 334 per day for a private room . So there is a big need for reputable long term care insurance in Michigan . You can find that on websites that offer a variety of long term care insurance policies , to help find the one that has the best price and features for you .


Input: Which Jobs Affect Car Insurance?

Output: Although insurance companies record occupations , in most cases , they do not enter into the rating system in California . The rating system varies by states . In California your rate is determined by the year , make and model of the car , the driving records of all the members of the household , the annual mileage of the car , loss history , location and experience of the various drivers .


Input: Is Term Life Insurance The Most Expensive?

Output: Term life insurance is generally the least expensive type of life insurance available . Term life insurance is the most affordable because it offers protection for a fixed rate of payments over a defined number of years . Statistics show that term life insurance pays out less than two percent of the time .


Input: Is Term Life Insurance The Most Expensive?

Output: Whoo boy ... Not to slight anyone here , but the answer to your question , in my opinion is YES ! Term IS the most expensive life insurance . First it is only insurance if you die too soon . There is no other benefit to term insurance . And it 's for a limited term . If you look ONLY at the premium payment and compare a 10 year term policy to a Whole Life policy for the same person / age / health , then the term premium will be much less . However if you have 2 identical people age / health / etc and start a 10 year Term for $ 100K on one and a Whole Life for $ 100K for the other , in the 11th year the Whole Life premium will still be what it was at the beginning and there will be liquid Cash Value available in the policy . If the Term policy is renewed in the 11th year the premium will likely be equal to or greater than the premium for the Whole Life . And each year it will increase dramatically while the Whole Life premium remains the same as always and the Cash Value continues to grow ! So which one would you say is more expensive ?


Input: Is Term Life Insurance The Most Expensive?

Output: No , term life insurance is usually the least expensive type of life insurance you can buy . Within term insurance , there are differing term lengths . Generally speaking , shorter term policies cost less than longer term policies , because you are being insured to a younger age when you get a shorter term policy . Permanent insurance is most expensive because it is providing coverage to your old age .


Input: Is Term Life Insurance The Most Expensive?

Output: Actually , term life insurance is one of the most affordable premiums in life insurance . The cheapest is accidental death insurance , followed by term life , universal life and whole life when only looking at premium prices . The reason term life is cheaper than permanent is it is considered temporary , not permanent and has a specific time period .


Input: What Does Medicare Pay For Psychotherapy?

Output: As a general rule Medicare provides 90 days LIFETIME benefit . This means it will cover your costs of a semi-private room and the usual and customary charges such as lab work , drugs , doctor charges , nursing care , for that 90 day period . You may wish to go to WEBSITELINK and type in `` psychotherapy '' into the inquiry screen and you should find all the details .


Input: Is an endowment 65 policy an IRS qualified retirement plan?

Output: I am not sure why you have to remove the life insurance from your qualified plan . However , if you must there are several options available . You can take a taxable distribution in which income tax would be due on the fair market value of the policy minus the one year term costs . Another is to purchase the policy for its fair market value . You can exchange the policy inside the plan for one that is outside the plan . You can transfer the policy to an insurance trust or surrender the policy .


Input: Is There Life Insurance That Does Not Require A Physical?

Output: Yes , but it depends on which state you live in as some states restrict these types of plans . Something to keep in mind when dealing with the purchase of insurance is the fewer questions an insurance company asks , the more expensive the policy will be . Skipping a examination means fewer questions , which comes back to price , which would be higher . I should also address what 95 % of an insurance `` physical '' involves . A medical examiner -LRB- usually a nurse -RRB- meets with you at your home or another place that works for you , They will take your blood pressure , check your pluse , have you step on a scale , ask about your medical history , draw some blood and collect a urine sample . Usually takes about 35 minutes or so . In cases involving large face amounts and an older client , a full medical exam may be done . It is also worthwhile to note that the cost of these exams are picked up by the insurance carrier .


Input: Is There Life Insurance That Does Not Require A Physical?

Output: Yes many . Small burial type policies rarely have physicals . However , there are several companies that go much higher with no exams . One company will go to $ 250,000.00 with no exam or blood , they will go to $ 450,000.00 with only a cheek swab . There is another that goes to $ 250,000.00 , up to age 60 , with no exam or blood . They also happen to be one of the lowest cost to age 121 policies currently on the market . Some policies require a face to face meeting with the agent , some do not . Some may require a short phone interview , some will not . Work with an experienced Independent Life Insurance agent for the options best suited to your needs .


Input: What Happens To Car Insurance After A DUI?

Output: Your car insurance rates will typically rise after a DUI How much ? It depends on the company you 're insured with and other violations you may have on your driving record . A large increase and/or suspension are possible . What to do ? Utilize experienced brokers to find the lowest rates . That 's our job and along with our top-rated websites , we shop the major companies to bring you the lowest prices . Also , the relationship between broker and underwriter can sometimes help the customer . Having an extra helping hand in your corner may be critical to negotiating the best rates . As the DUI gets older , your rate should gradually reduce . Of course , there are other policy changes that may help , including increasing deductibles . Working with an experienced broker online gives you the best of both worlds . A DUI is a serious matter and you need knowledge and unbiased advice working with you .


Input: What Happens To Car Insurance After A DUI?

Output: -- > Normal 0 A major violation , like a DUI conviction , could have a significant impact on your auto insurance premium . Most insurers are not anxious to offer their most favorable rates to customers with that kind of a blemish on their driving record . Shopping around on the Internet may be an alternative but any insurance company looking at you will just see a car with an operator with a DUI conviction . If they consider you at all , they would at prices they charge other operators with major violations . If you are in this situation , I suggest you take a look at your entire insurance portfolio . Most people are more than a car insurance policy . They have home insurance , other family cars , life and health and often business insurance . It is possible one of those companies or agents will look at you as an entity and not just someone with a major violation . You may be able to explain the circumstances and reduce the underwriters fear a similar event will reoccur . Seldom do you get this opportunity when dealing with someone on-line . Will it work , maybe not , but it certainly is worth consideration if you are dealing with this kind of an issue .


Input: What Happens To Car Insurance After A DUI?

Output: Two things may happen after you receive a DUI conviction : You can expect to see higher auto insurance premiums with any company . You may receive a letter of none renewal from most standard auto insurance companies . You will see a significant increase in premium from a non-standard insurance company at time of renewal , Call the MVA of DMV in your state to see how this affects you driving privileges . You may be denied a Job offer . You may be denied life insurance with some companies . It is not good in either case .


Input: What Happens To Car Insurance After A DUI?

Output: There is typically two types of auto insurance companies ... 1 - Standard & 2 - Non-standard . For the most part standard companies are for drivers with few traffic violations . Non-standard is s typically for higher risk drivers . A DUI conviction falls into this category . If you were convicted of DUI and did not lose your license , you can expect that if you were with a standard auto insurance company , they will probably cancel your coverage and you may have to move to a non-standard company , which will be much more expensive . Depending on the state , you may also have to add a certificate of financial responsibility , which may add addition cost to the policy .


Input: What Happens To Car Insurance After A DUI?

Output: A DUI conviction could very well have a significant impact on your car insurance . In some states , the offense results in a suspension of your Driver 's License , at least for a time . In CT , for a first offense , one is given the opportunity to attend classes which , upon successful completion , in effect wipes the slate clean . However , if one 's insurance company is made aware of the license suspension , it is possible that you could be notified that your insurance is to be cancelled even in mid term . Beyond that , plan for a premium increase that could be pretty substantial .


Input: Does Medicare Pay For Dialysis?

Output: Medicare does indeed pay for dialysis . But subject to limitations . If you qualify for Medicare based on ESRD your dialysis treatment begins on the 1st day of the 4th month after your Medicare benefits begin . You may qualify for coverage earlier if you complete a dialysis training class for in home treatment .


Input: Is United Of Omaha Life Insurance Good?

Output: Untied of Omaha is A + -LRB- 2 -RRB- rated A. M. Best , A + -LRB- 5 -RRB- rated S&P , A1 -LRB- 5 -RRB- rated Moody 's and a 90 Percentile rating with Comdex . Their term and guranteed life inusrance did not appear in the top ten premium rankings for $ 500,000 for a male age 45 non smokersuper prefered , prefered plus , preferred or standard plus . They do rank in long term care and Med Supps .


Input: Does Homeowners Insurance Go Up With Renters?

Output: Generally speaking , when you have renters at your house , your place is at a higher risk than if it 's just you living there . That higher risk means that your rates will likely be higher . Those additional risks are not just damage , like fire or water backup , but theft and additional liability . Every company assesses rates and charges differently , so you 'll want to chat with your agent about your needs . That said , if your rates do go up because of your renters , it will be minimal and covered by the rent your tenants pay . Feel free to reach out to us with any questions : insuranceeddie.com . Thank you .


Input: Does Medicare Cover Blood Pressure Monitors?

Output: Medicare Part B covers most DME -LRB- durable medical equipment -RRB- including blood pressure monitors , but only in certain situations . If you are covered by Medicare and having home dialysis , Medicare Part B may cover your blood pressure monitor . If your doctor believes you suffer from `` white coat syndrome '' Medicare may cover an ambulatory BP monitor .


Input: What Does PCP Stand For In Health Insurance?

Output: PCP stands for Primary Care Physician . This is the Dr you choose to be the primary manager of your care . The PCP can then refer you to specialists when needed . You will normally select your PCP from the list of contracted providers offered by your insurance company . I hope this helps .


Input: What Does PCP Stand For In Health Insurance?

Output: PCP -LRB- primary care provider -RRB- is terminology normally used in HMO and POS plans where referrals are needed to see a specialist . Your PCP can be a doctor , nurse practitioner , physicians assistant , etc. . When you first sign up for the coverage you are required to pick a PCP . You can change your primary provider in the future if you wish , but they will be considered a `` gatekeeper '' of sorts providing you with access to specialist care .


Input: What Does PCP Stand For In Health Insurance?

Output: As others have noted PCP stands for Primary Care Physician . When using a health program that has PCP 's as part of the plan , it is known as a gatekeeper plan . What that means is when you seek medical care or advice you first go through your PCP to direct you to services beyond what they do . Usually a plan with PCPs does not allow for self direction when it comes to specialist services .


Input: What Does PCP Stand For In Health Insurance?

Output: PCP stands for primary care physician . This is typically a general practitioner you see for medical issues first , unless you go to a hospital 's emergency room for an emergency . Depending on the plan type you have , you may need to see your primary care physician first before you can see a specialist - the carrier would likely require a referral form to cover the visit to the specialist , otherwise you may be subject to paying the entire visit yourself out of pocket .


Input: What Does PCP Stand For In Health Insurance?

Output: It 's just the main doctor you choose normally in HMO since they require you to see your main doctor before being referred to a specialist . He 's basically your main doctor and if he is unable to treat you for whatever reason , he will recommend and refer you to another doctor in the network more qualified to treat you .


Input: What Does PCP Stand For In Health Insurance?

Output: PCP stands for Primary Care Physician . The PCP is like the old fashioned family doctor . A number of health insurance plans require you to visit your PCP first for everything before you see a specialist . Doctors today are categorized as PCPs or Specialists . Some health insuracne plans have different office visit co-pays for a PCP and a specialist , for example $ 20 to see your PCP and $ 40 to see a specialist .


Input: Is Rental Insurance Cheaper Than Homeowners Insurance?

Output: Renters insurance is commonly called a tenant policy . Yes , tenant policies are cheaper than homeowners . Although the policies are similar , the homeowners policy protects the building itself , the renters does not -LRB- that is the landlords concern . -RRB- Both policies have a section that is largely overlooked and that is liability coverage . Whether you own or rent , a lawsuit can ruin your day .


Input: Is Rental Insurance Cheaper Than Homeowners Insurance?

Output: Renters insurance is definitely cheaper than homeowners insurance . The reason is that renters insurance covers almost everything covered by your homeowners policy except coverage A or the dwelling . The dwelling is covered by the Landlord and the content , liability , medical payment and loss or uses is covered by the tenant . A homeowners policy will cover all these plus the structure and that is why it cost most .


Input: Can Creditors Access Life Insurance?

Output: It depends on the state and how the life insurance is owned . Life insurance is one of a very few forms of property that is inherently protected from creditor claims . But in many states , the protection is limited in scope and/or by relatively small amounts . For example , in California , the protection limit is less than $ 10,000 , while in Hawaii and Florida there is n't a limit . Asset protection is a complex area of the law so check with an experienced attorney who can advise you .


Input: Can Creditors Take Life Insurance After Death?

Output: If the person who passed away was the one with the debt , creditors generally can not take the life insurance proceeds left as long as the beneficiary was a person . The money then belongs to that beneficiary , and as long as creditors do not have a claim against the beneficiary , they can not take life insurance proceeds from them .


Input: At What Age Does Life Insurance End?

Output: The age that Life Insurance ends is dependent on the age that the person was when they took it out , and the type of policy they took out . For Term Life Insurance , the policy ends -LRB- or goes up in price to what is usually an unaffordable cost -RRB- at the end of the term . Therefore , someone who is 55 years old and takes out a 10 year Term policy will have to find a new policy at age 65 . For Whole Life Insurance , the policy ends when death occurs or when the policy matures -LRB- typically at age 100 -RRB- . At either time , the full amount of the death benefit is paid -LRB- when the policy matures , you are actually receiving the cash value , which becomes equal to the death benefit , called `` endowment '' -RRB- . If you quit paying premiums on the policy , or borrow without paying it back , the policy could end sooner without any benefit being paid . This is true for any type of Life Insurance policy . Some Whole Life policies are paid for with a single premium ; as long as you do n't borrow from them , those will be in effect upon death or maturity without paying any more premiums , as will any policy that is `` paid up '' at a certain point . Universal Life operates much like Whole Life , except you can pick an age at which your guaranteed coverage will end .


Input: What's The Best Retirement Plan For Young People?

Output: If we all could do life over again , retirement planning would be among the top financial do overs of most baby boomers . Heres the big retirement recommendation , pay yourself first and pay it into a retirement plan . If your employer offers partial or full contribution match in their qualified plan , contribute up to the match . Take the tax savings from the contribution deduction and fund a non-qualified annuity . When youre young , you have time in invest in the market . But time cant be the ultimate determining factor . Your risk tolerance profile needs to be established for market investing like in mutual funds or ETFs . And if you still have monthly cash flow , you may want to consider a non-modified endowment life insurance contract designed with the lowest death benefit to accumulate the most cash values which has the potential at retirement to generate tax free income -LRB- under present law -RRB- as long as the contract is kept in force for the life of the insured .


Input: If Medicare Denies Will Secondary Pay?

Output: Your Medigap plan is a secondary payer . It is a SUPPLEMENT to Medicare which , by definition , means it will only pay claims that are originally approved by Medicare but not paid by Medicare due to deductibles , copay 's and coinsurance . But there are a few situations where your supplement plan will pay a non-approved Medicare claim . Foreign travel is one .


Input: When Is Whole Life Insurance Paid Up?

Output: Whole Life insurance is called whole life because you never `` pay up '' and the premium is due each month as long as you live . The exception to that rule is you get the insurance company to use some of the cash value to make the payments for you which is then treated as a policy loan which is then deducted from the death benefits at your death .


Input: When Is Whole Life Insurance Paid Up?

Output: New York Life provides options for exactly this situation . Say you do not want to pay premiums the rest of your life . Or say you want to give a gift to your grandchildren . This is exactly why New York Life , America 's oldest , largest , and highest rated life insurance company , created Custom Whole Life . With New York Life 's Custom Whole Life , you can arrange to pay premiums for a fixed number of years , to continue your policy , or the policy of whomever you are gifting it to , say your grandchildren . After that fixed number of year , the entire Life Insurance Policy will have been paid in full , and paid with a reduced amount of premium dollars ! How does New York Life do this ? The sooner they have the money , the quicker it can be invested by New York Life , building growth and compounding the interest . Yes , the premium for those first few years will be higher than under regular whole life , but it will quickly disappear completely and the policy will be paid in fully , requiring no further premium payments ever from anyone ! This sounds like exactly what you are looking for .


Input: When Is Whole Life Insurance Paid Up?

Output: You can choose to pay Whole Life for the rest of your life , or you can choose to have it paid up at a set time . You can even choose to purchase some whole life policies with one premium , called Single Premium Whole Life . Premiums are proportionately larger , the shorter the time you choose to pay them . Shop around for a Whole Life policy that offers the options you desire , at a premium you can afford .


Input: What Is A Premium On Health Insurance?

Output: Great Question . Although there is no one easy answer . A premium is what you would pay to have a health insurance plan . That premium amount will depend on your age , insurance company , zip code , height , weight , medical conditions , tobacco use , number of people on the plan , etc. . Hope this helps .


Input: Can I Buy Life Insurance For My Father?

Output: As long as he consents and can qualify , yes you can . He would need to sign the application . You would be listed as the Owner and Premium Payer . He would have to meet any health requirements the plan may have . You can own a life insurance policy on anyone as long as you have an insurable interest , in other words you need to have some possible financial loss on the death of the individual .


Input: Can I Buy Life Insurance For My Father?

Output: You can buy life insurance for your father , but it is more like buying life insurance with your father . He will need to sign the application and may need to do a phone interview . If you are applying for more than $ 25,000 to $ 50,000 , he may need to do an exam .


Input: Can I Buy Life Insurance For My Father?

Output: Yes . You can always buy a policy on your father if you have an insurable interest . With most insurance companies he will have to be aware and agreeable to you buying and owning a policy on him . If you just want life insurance to cover funeral expenses , you can always buy a funeral insurance policy on him WITHOUT his knowledge if you need to . Any funeral home can direct you to an agent that sells these policies .


Input: What Is Participation Rate In Annuities?

Output: Generally speaking , tax deferred index annuities use domestic and foreign indices for its crediting method . But there are three crediting method types within any one policy -LRB- sometimes more -RRB- that play a role in what you receive from the indice performance : spreads , rate caps and participation percentage . Participation determines what portion of the performance is credited to the annuity policy , i.e. 70 % of a 10 % net return would credited 7 % .


Input: How Much Disability Insurance Should You Have?

Output: Your paycheck is vital to survive in our society . Disability insurance is paycheck insurance . You should purchase the maximum benefit allowable to protect your compensation . And if you have the ability to purchase disability protection for your retirement contribution in addition to your long term disability insurance purchase , you should do it .


Input: Can Car Insurance Company Refuse To Pay My Claim?

Output: Yes they can but the key to this question is Why did they deny the claim . Example . If you had liability only and you got into an accident they will not cover damage to your car since it was Liability only . But they would cover the damage done to someone else . Each carrier has strict guidelines on what they will or will not cover . Now intentional acts to damage the auto they most certain will not cover . Also Are you trying to repair your car or looking for medial bills to be paid . That is a entire different scenario If you have the coverage for medical pay and you got hurt then they should pay for the billing . If you are ever not happy with claims or with your agent or carrier you have legal recourse All states have what is call State insurance commissioners office who is in charge of what carriers are allowed in your state along with I other things . They are there for you . If you are not getting the answers you want . Call your states insurance commissioner and they will contact the carrier and help you with this . Not to mention there is no cost for them to look into this for you . I have seen with some carriers they will deny the claim clean up until you are headed to the courts then they want to settle . I choose not to write with the carriers that I know who have been doing this for years . I recommend calling your agent then the commissioners office .


Input: Can Car Insurance Company Refuse To Pay My Claim?

Output: Yes , they can . If they deem that the policy you have does not provide coverage for the damage that you are submitting the claim for.Please read your policy completely to understand the coverage provided and any exclusions that there may be within it or contact your local agent to have them go over the policy with you .


Input: What Is Whole Life Insurance Vs Term?

Output: This is the classic argument between purchasing whole life insurance for coverage and cash accumulation versus buying term life insurance for coverage and investing the difference -LRB- of what you would have paid into the whole life policy -RRB- to a qualified retirement plan .


Input: Why Should You Have Disability Insurance?

Output: You will need disability insurance to protect your most valuable asset , your ability to earn a living . Unless you are independently wealthy with a residual income and no debt , chances are you need disability insurance . Disability insurance replaces the income lost due to an unforeseen injury or illness preventing you from being able to work at your current occupation .


Input: Can I Rent A Car With SR22 Insurance?

Output: An SR22 is a Financial Responsibility filing with the State informing them that you have either purchased either liability insurance or a financial responsibility bond . It will depend on the company renting the vehicle but most companies will rent you a vehicle . They may want you to , and it would be advisable in this case , to purchase the extra insurance they offer or talk with your agent before renting a car and ask his advice since he would be more aware of the situation .


Input: Can I Rent A Car With SR22 Insurance?

Output: An SR22 is simply an administrative requirement by your licensing agency that your insurance carrier keep them away of the status of your coverage . This is probably due to failing to have insurance , exceeding points in their rating system , or because you got caught operating a vehicle under certain other circumstances . Unless your insurance carrier prohibits the extension of liability borrowed , rented , or use of other non-owned cars , you should have coverage but the best answer will be the one your insurance company or agent gives you .


Input: Do Health Insurance Premiums Always Increase?

Output: Health insurance premiums do n't always increase on renewal , but it seems that way . In the last few years I have had several clients whose premium actually DROPPED at renewal , but those are indeed rare situations . Health care costs increase from year to year as does utilization . These factors contribute to putting pressure on premiums . Carriers have to increase rates to keep their block financially sound .


Input: What Happens To Homeowners Insurance When Owner Dies?

Output: The death of the owner will not make any changes to a homeowners policy . Normally there are two people named as insureds but the coverage is on the property , not on the life of the owner/insured . Notify the insurance company if the owner dies and have the new owner named on the policy . This should be a minor issue .


Input: How Long Does Health Insurance Last After Quitting A Job?

Output: People can keep their health insurance by signing up for COBRA coverage . COBRA stands for the Consolidated Omnibus Budget Reconciliation Act and is most commonly used when an employee leaves a job where they had employer-sponsored health insurance , usually after being laid off or leaving the group on their own terms . In short , COBRA is an extension of the current group health insurance plan offered to employees after they have left the company . This coverage can be kept for up to 18 months and is only available to individuals and families covered under a plan with more than 20 employees enrolled . Premiums for COBRA coverage are 102 % of the total cost of insurance this is important because many employers pay for part of the cost while the employee is still working . Under the Affordable Care Act , health insurance policies are guaranteed-issue in that you can not be declined for health insurance due to a pre-existing condition or other health-related issue . Coming off of group coverage would generally grant you a special enrollment period to apply for health insurance in the marketplace . If you 'd like some help with your coverage , send me a message by clicking on the `` contact me '' button .


Input: Which Retirement Plan Is Considered A Defined-Benefit Plan?

Output: The Employee Retirement Income Security Act of 1974 -LRB- ERISA -RRB- covers two basic plans : defined contribution plans and defined plans . An example of a defined benefit plan would be a cash balance plan , designed to distribute a specified amount at retirement .


Input: Can Long Term Care Insurance Be Deducted From Income Tax?

Output: Yes , many long term care insurance premiums can be deducted on income tax as a medical expense . The plans must be qualified LTCI plans . The Long Term Care Federal Tax Deductible Limits for 2013 are itemized on IRS Revenue Procedure : 2012-41 . These limits are age based . Here are how some of the deductions work . 1 -RRB- Working for someone else : Only the portion of total medical expenses that exceeds your adjusted gross income by 7.5 % can be deducted , using Schedule A on your tax return . If your employer pays the full LTCI premium , your employer may deduct the total expense . 2 -RRB- Self employed : The entire premium of you , spouse and dependents -LRB- up to federal age based limits -RRB- can be deducted on line 29 of tax form 1040 . 3 -RRB- C Corporation : 100 % of premium is deductible for employee , spouse and dependents with no age based limits on premium . 4 -RRB- State income tax deductions and/or credits 5 -RRB- Paying premium with HSA .


Input: When Does Long Term Care Insurance Make Sense?

Output: Long Term Care Insurance makes sense when you have assets that you had hoped to leave to your family , or so that your business could be continued , or for which you had other intentions . Long Term care insurance makes sense if you have a strong desire to make your own choices for your care . In addition to these , it makes sense if you have enough income to pay for it without taking away your quality of life .


Input: Can Social Security Retirement Benefits (not SSDI benefits) reduce your Long-Term Disability Benefits?

Output: The Social Security Administration will not make your friend discontinue receiving long term disability benefits just because she chose to receive Social Security retirement benefits early . However , whether there will be an offset depends on the features of her particular group plan . .


Input: Can Social Security Retirement Benefits (not SSDI benefits) reduce your Long-Term Disability Benefits?

Output: Great question . Your friend should ask his/her benefits person at the work site about the details of the insurance contract . Typically , when someone has a qualifying disability and ca n't work the policy pays the monthly benefit until age 65 . There are many different forms of disability income policies - some are more liberal than others regarding the definitions of disability and they payout of benefits .


Input: Does Homeowners Insurance Cover HVAC?

Output: It may less your deductible if you have a equipment breakdown endorsement on your policy or if the HVAC system was damaged due to a covered loss . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Why Is Life Insurance So Expensive?

Output: The premiums that Life Insurance have depend on a number of factors . Age Smoking or not Ht/Wt Medical History - Medications Driving Record Hobbies which are risky like sky diving , hang gliding , racing , diving , etc. . The Insurance Company Type of Insurance such as term or permanent Last , amount of the death benefit you are looking for ! If you are younger , are healthy with a clean background , and looking for something under $ 500k , and looking for term insurance , your rates will actually be pretty low . Always shop around to find a company that favors your history , the type of insurance you are looking for and the premiums as each company is a bit different .


Input: Why Is Life Insurance So Expensive?

Output: Let me ask you this : expensive compared to what ? A Maserati is expensive compared to a Honda . A 50 room mansion is expensive compared to a studio apartment . The cost of hiring a chief executive officer for your company is expensive compared to the cost of hiring a file clerk . I think you have to look at what youre getting for your dollar . And what your other options might be . Lets suppose you go through prequalification . Then underwriting . Then you get approved . Then you get your policy and pay for it . You submit one monthly premium payment . And then tragically , you die . Your beneficiary will then get the full benefit . Within a week or so . You may have paid only a few hundred dollars , but the benefit could be in the millions . You may paid only a few thousand dollars , but the benefit could be in the tens of millions . That is a pretty good deal . Lets suppose your premium was $ 500 a month , and your benefit was $ 5 million . That could happen , depending on age and other underwriting factors . If you decided to not purchase life insurance , how much money would you have to invest , at what interest rate , over what period of time , to accumulate $ 5 million ? The fact of the matter is that for the vast majority of people , they would end up spending much more money on that investment than they would on life insurance . So the real question is why is self-insurance so expensive ? How can buying a life insurance policy be so much cheaper than trying to fund your financial security out of your own resources ? And dont forget the big game-changing factor : we never know when our time will come . Dont assume time will be on your side so you could eventually collect the money to self-insure .


Input: Why Is Life Insurance So Expensive?

Output: Actually , life insurance rates are currently at a 40 year low due to the rise in mortality . However , life insurance premiums are very subjective . There are many factors to consider when pricing a policy . Factors such as age , build , occupation , life style , health conditions , and even where you live are all considered by an underwriter in determining a life insurance price . I recommend contacting an experienced independent broker who can shop many carriers to find the right product at the right price for your unique situation .


Input: Why Is Life Insurance So Expensive?

Output: When you consider that you are purchasing a policy that has the potential of paying out hundreds of thousands of dollars after you paid in only a few months ' premium , it might affect how you look at the cost of life insurance . Many people could not save up in a lifetime what they are able to leave their loved ones through life insurance .


Input: Can You Get Life Insurance With A Terminal Illness?

Output: You may be able to get life insurance with a terminal illness , if you are of the age where guaranteed issue life insurance is offered and if you are in a state that offers it . If not , funeral homes often offer final expense policies , although they will be limited in face amount and cover only the funeral . Unfortunately , life insurance policies for those with a terminal illness are limited beyond a small face amount .


Input: Why Are Insurance Companies So Greedy?

Output: You need to be more specific with your question . Do you have an example ? They do n't get much opportunity to be greedy on setting rates . It 's very competitive . All you have to do to get a better rate is to be willing to fire your insurance company and go to one offering a better price . So I assume rates are not where you see the greed . Claims paying must be where you have the problem . We can eliminate life insurance from that discussion because you are either dead or you 're not . Not much room for error there . Health insurance claims are fairly straight forward too . If you stay in your network and pay your dedictibles and co-pays ... they pay the rest . Not much room for greed there . Auto and homeowners has more room for grey areas when paying claims . So I assume that 's where you are seeing things you consider greedy . Ask a more specific question and we can help you more .


Input: Why Are Insurance Companies So Greedy?

Output: Insurance companies are established to manage shared risk . They are closely scrutinized by state regulators . Most businesses seek to reduce cost and increase profits . Most insurance companies operate on a very narrow margin . To do this they operate in a narrow band of acceptable behavior . This covers sales , underwriting , investing and claims . If you perceive that the companies are greedy they would contend they are protecting their policyholders and their shareholders . Dont forget that they make promises that must be kept for decades .


Input: What Does Medicare Provide For Older Americans?

Output: Medicare provides excellent health insurance at comparitively low costs , with various choices that allow you to insure yourself based on your current health and budget . Coverage includes hospitalization , doctor services and prescription drug coverage . Basic Medicare does not provide coverage for dental , vision or hearing , but some Advantage plans provide coverage for those services . To get a more specific details about Medicare , see a local insurance agent that specializes in Medicare .


Input: What Does Medicare Provide For Older Americans?

Output: Basic Medicare pays the majority of Medical bills , however it was never designed to be all inclusive . Hospitalization under part A has around a $ 1200 deductible -LRB- it changes every year -RRB- . Part B pays 80 % of Medicare approved charges for outpatient services and doctors visits . Without Medicare seniors would have no coverage in most cases .


Input: What Does The IRS Consider A Retirement Plan?

Output: The service addresses both ERISA qualified plans and other nonqualified supplemental retirement plans . Assuming this question is addressing ERISA qualified plans , there are several retirement plans such as the popular 401 -LRB- k -RRB- , 403 -LRB- b -RRB- and 412 -LRB- i -RRB- as well as others such as cash balance plans defined benefit plans , defined contribution plans , profit sharing plans .


Input: Does Homeowners Insurance Cover Roof Collapse Due To Snow?

Output: Great question ! The answer is most often yes , if your home has a sloped roof , and your particular policy provides for that coverage . If your roof is flat , that is probably a different story . Typically with a flat roof , the risk for ice or snow damage is greatly increased , so your policy is either much more expensive , or that damage is excluded . Call your agent to be certain in either case . Good luck ! Thanks for asking !


Input: What Does Nationwide Renters Insurance Cover?

Output: Most renters insurance policies , including those offered by Nationwide , include coverage for your personal property as well as liability protection in the event that you do something that either damages someone else 's property or causes injury to another person . The property coverage can include a full replacement guarantee which I recommend to my clients consistantly .


Input: Where Is Prudential Life Insurance Located?

Output: Prudential Life Insurance has offices all over the country . However , the corporate headquarters for Prudential 's life insurance products is located at 751 Broad Street in Newark , New Jersey . If you are purchasing other products such as annuities or variable products , those divisions will have a separate home office address .


Input: Does Health Insurance Pay Rhinoplasty?

Output: Health insurance is designed to cover needed health expenses and preventative expenses , not elective procedures so chances are a Rhinoplasty would not be covered . The only way to know for sure is to check with your insurance company . For this reason some foreign countries with lower healthcare costs such as Costa Rica tends to be popular destinations for elective surgery .


Input: What License Do I Need To Sell Disability Insurance?

Output: The license needed for disability is a health insurance license . However , something just to consider , go ahead and get both your life and health insurance license . You will find that most clients in need of disability also will need life insurance and vice versa . Also , some states will not grant you reciprocity unless you have both your life and health license . You may wish to cross license in other states as you grow your practice and this will become an issue . It really does n't cost much more or take too much more of your time to carry both license together . Good luck !


Input: What License Do I Need To Sell Disability Insurance?

Output: The license you need to sell Disability Insurance is a Health Insurance license . Disability Insurance is a morbidity product rather than a mortality product , as is Life Insurance . Underwriting is based on the number of people with illnesses in a segment of the population , as is the underwriting for Health Insurance .


Input: Who Are Annuities Underwritten By?

Output: Annuities are underwritten by Life Insurance companies . You have about 13 companies that offer medically underwritten Annuities . This type of underwriting is important to the annuity purchaser that has a medical condition that shortens their predicted life expectancy . The Annuitant is seeking to purchase a lifetime income benefit from a single premium . A medically underwritten annuity would provide a large income as their life expectancy is shorter than normal . This is helpful to provide a safe and predictable income and a possible lower tax burden . Your life insurance agent can work with your tax professional to determine the best situation .


Input: Who Are Annuities Underwritten By?

Output: Annuities are underwritten by life insurance companies . Annuities are a contract between the life insurance company and the annuity holder . There is usually no medical underwriting , unless purchasing the type of annuity that will pay out more if the annuitant has an anticipated shorter life expectancy than the average .


Input: Where To Cash A Life Insurance Check?

Output: This is a helpful website on how to cash all kinds of checks : WEBSITELINK You should be able to cash a life insurance check at your bank ; however , they may give you $ 100 , and wait to give you the full face amount when the check clears .


Input: What Procedures Does Medicare Not Cover?

Output: There are many procedures that Medicare does not cover . Medicare does not keep it a secret as to which procedures they do and do n't cover . You can read about them in Medicare publications . The easiest way is to go to several good websites where you can search on the procedure in question , and then read exactly what is and is not covered related to that procedure .


Input: How Much Is Car Insurance At 18?

Output: Well that is a question for which the best answer is that it depends . Most carriers use rate differential on age . There is a much higher correlation of accidents involving youthful operators than with drivers who are more mature.Having said that , there are then refinements in each carrier 's rate methodology to develop the proper rate for them for the exposure presented . That often means that there are millions and millions of possible price points for an insurer in any given state . So , some insurers will define operators under age 25 uniformly or they may adjust at each age between licensing age -LRB- usually 16 -RRB- and the age of 25 . Some carriers further refine this with segmentation down to six month increments , so some one is 18 and one half might have a lower rate then someone who as just turned 18 . The best advice I can give you is visit with an independent agent who represents many companies so you can really compare for yourself and your situation .


Input: How To Choose Homeowners Insurance Coverage?

Output: While the actual mechanics of comparing homeowner 's policies involves getting quotes from various carriers , the essential question is where are you going to get the information . You can get it on the internet , newspaper , direct mail or from an insurance agent . The policies will perform in a similar manner regardless of which insurance company you choose , the problem comes in selecting the correct coverages . When you are on the internet it is difficult to understand water back-up , or law and ordinance coverages . It is also difficult to understand what is n't being covered and that lack of knowledgecould be your biggest exposure . Most people just do n't know , hopefully your insurance agent does .


Input: How To Choose Homeowners Insurance Coverage?

Output: Talk to your insurance professional about your home . A current reconstruction cost analysis can be prepared in order to determine a recommended amount of coverage . Once that is determined , you can discuss your options and customize your coverage to best suit your needs . Do n't forget to ask about available discounts .


Input: How Does A Speeding Ticket Affect Auto Insurance?

Output: Each company treats this differently , but depending on your driving record -LRB- and a few other factors -RRB- before this and the level of the speeding ticket your rates will likely increase . How much your premium will change is determined by the matrix that your auto insurance carrier uses to determine your rate . You would have to contact your local agent to determine how the ticket would affect you .


Input: How Much Long Term Care Insurance Is Enough?

Output: Every financial product purchase has a value proposition , including long term care . Based on all the present gerontology statistics and ever increasing life expectancy , youll want to secure the maximum coverage for the longest period . Keep in mind that this includes the convention nursing home confinement our parents knew as well as todays popular assisted home living .


Input: How To Compare Medigap Insurance Plans?

Output: Comparing Medigap Plans -LRB- or Medicare Supplement Plans -RRB- can be very frustrating to most people . Calling all the different companies to review each plan and premium can take up a lot of time that you could be doing something else . However , a good independent agent will be able to do all the heavy lifting for you . They should also help match your needs to the plan that best fits your specific situation . Some things to consider when looking at plans : 1 . Would you like to go to any doctor you like ? 2 . Would you rather not have to get a referral to see a specialist ? 3 . Would you like to minimize large out of pocket expenses when you need care ? 4 . Would you rather not deal with a network ? We have taken it a step further and you can actually run a quote from all the major carriers on our website .


Input: When Does Medicare Part B Become Effective?

Output: Medicare becomes effective when you sign up for the coverage . When you first turn 65 you are automatically enrolled in Medicare Part A and Part B . You can opt out of one or the other , or both but it is not advisable to opt out of Part A . If you are covered under an employer group health plan you probably do n't need Part B until your group plan ends .


Input: Who Is Eligible For Medicare Part A?

Output: You normally have to be disabled and unable to work and on disability for a period of 2 years or you need to be age 65 . You also have to have enough social security paid in to qualify or if your spouse qualifies for disability benefits as well . There are a few others , but those are the norm .


Input: Why Are Doctors Refusing Medicare Patients?

Output: Doctors as a general rule are not refusing Medicare patients . However it is not unusual to find that a particular doctor is not currently accepting new Medicare patients . More common are the number of doctors that accept new Medicare patients but only if you do not have a Medicare Advantage plan .


Input: Does Home Insurance Cover Pit Bulls?

Output: With most insurance carriers that I am familiar with , Staffordshire Terriers -LRB- aka Pit Bulls -RRB- are an excluded breed of dog on their homeowners insurance policy forms . Most carriers have a list of ineligible dogs for which they will not extend coverage . You need to contact your local agent and ask if your policy has a pet exclusion for `` Pit Bulls '' . If it does , make sure to discuss with them your risks and your options .


Input: How Much Is Aarp Long Term Care Insurance?

Output: AARP recently discontinued carrying Long Term Care Insurance . The American Association of Retired Persons still offers advice on how to purchase LTC insurance and may start carrying it again in the future . To obtain Long Term Care Insurance quotes elsewhere you can contact a local agency or search for brokers for Long Term Care Insurance on the internet who will shop several companies for you .


Input: Why Should I Buy Long Term Care Insurance?

Output: You should buy Long Term Care Insurance if you want the peace of mind that knowing that your family will not have to worry about you if you need assistance in taking care of yourself in your later years . You should buy Long Term Care Insurance if you want the freedom to choose your own caregivers and residence if you can no longer live on your own , rather than have Medicaid determine where you will live . You should buy Long Term Care Insurance if you want your hard earned savings to go to your inheritance rather than to the nursing home . Should everyone buy Long Term Care Insurance ? No . But there are some very good reasons for many people to buy Long Term Care Insurance .


Input: Is Esop A Qualified Retirement Plan?

Output: An Employee Stock Ownership Plan is a qualified employee retirement plan designed to invest in stock of the company . An ESOP is a `` qualified '' plan , so it has to the regulations and requirements of the Internal Revenue Code of 1986 -LRB- IRC -RRB- and the Employee Retirement Income Security Act of 1974 -LRB- ERISA -RRB- .


Input: Is Esop A Qualified Retirement Plan?

Output: An ESOP -LRB- employee stock ownership plan -RRB- can be either qualified or non-qualified . Essentially each plan is funded with employer stock but beyond that there are differences . A non-qualified ESOP is not subject to ERISA and they do not have the same tax favored benefits as a qualified ESOP . Non-qualified ESOPs have a risk of forfeiture and can be used in a golden handcuffs arrangement .


Input: Can You Roll Over Life Insurance?

Output: Rolling over a life insurance policy -LRB- also known as a 1035 exchange -RRB- refers to taking the cash value in one permanent policy and contributing it -LRB- rolling it over -RRB- to a new policy as part of the first year premium payment in a new policy . The purpose of this is to lower your monthly premium . I hope the information is helpful - please feel free to contact me if you have any questions . Thanks very much .


Input: How Often Will Medicare Pay For CPAP Supplies?

Output: If your doctor certifies that you have sleep apnea that can not be treated with other protocols and you need a cpap machine , Medicare will pay for the rental of a cpap machine . Your doctor must have documented a sleep study where your nightly sleep patterns were monitored . Medicare will cover a 90 day rental . After 90 days your doctor must recertify the need for the machine .


Input: What Happens If Your Auto Insurance Is Cancelled?

Output: In California cancellation requires notice . There is adequate time to secure replacement coverage . If the condition which caused the cancellation still exists , you might have to go to secondary markets that have more capacity for difficult to place risks . Some agencies specialize in hard to place risks .


Input: What Happens If Your Auto Insurance Is Cancelled?

Output: If your auto insurance is canceled , you can quickly apply for new coverage . However , it 's important that an experienced broker assist you in your search for new coverage . That 's how we save you money ! Because of the cancellation -LRB- assuming it was not for non-payment -RRB- , there will be a limited number of carriers that will offer a competitive rate . It also may be possible to contest the cancellation . LIVE answer provided by : Ed Harris - premier car insurance broker for 33 years and owner of several top-rated websites that offer the lowest available rates .


Input: Where Am I Able To Get Car Insurance With No Deposit?

Output: All companies require money with the application . You will always need at least one month premium for a policy to go in force . Insurance is a contract and requires `` consideration '' or money to be in effect . Your agent could be in big trouble with the company if he provides coverage without collecting premium .


Input: Does Health Insurance Have To Cover Mental Health?

Output: That is a great question ! The Affordable Care Act -LRB- Obamacare -RRB- has as one of its provisions the mandatory inclusion of mental health coverage . It makes things like depression screenings , and substance abuse treatments available , along with many other services . It also keeps insurers from using mental health issues as pre-existing conditions and denying you coverage . Regardless of how you feel politically about the Affordable Care Act , to those with mental health issues , it has been a blessing . The policies offered under the Government exchange -LRB- www.healthcare.gov -RRB- are required to cover at least some mental health care treatments . I hope that helps , thanks for asking !


Input: Why Set Up A Roth IRA?

Output: That is a great question ! One of the best reasons for a Roth is the ability in later years to receive a tax free income stream . Since the contributions are made after-tax , when you start your withdrawals , the income is tax free assuming that you are over 59 1/2 , and have had the IRA for more than 5 years . Having a tax free income stream helps balance out the other taxable income that you may have . Another nice perk is that you can still contribute to your Roth after you turn 70 , and you do not have to empty the account . In some cases , all or most of what you withdraw before 59 1/2 may be tax free , depending upon the use and contributions . If you would like more specific information , please drop me a line , I 'd be happy to help . Thanks for asking !


Input: How Much Does Medicare Pay Doctors?

Output: It depends upon the procedure . Medicare has a list of codes that they use to determine the payment to doctors . The best way to find out how uch a doctor is paid is to look at the explanation of benefits that Medicare provides . This will list the actual charge , the medicare approved amount , and the amount owed by the beneficiary . Medicare pays a doctor 80 % of the approved amount . For example if your doctor charges $ 125 for an office visit , Medicare may approve $ 100 . They would pay $ 80 and you would be responsible for the other $ 20 . In most States doctors may charge up to 15 % over the Medicare approved amount . Some States like Ohio , do not allow this excess charge .


Input: Is Long Term Care Insurance Worth The Investment?

Output: Whether Long Term Care Insurance is worth the investment depends on how many assets you have to protect . For those who do not have very large estates and who are struggling to make ends meet from month to month , buying Long Term Care Insurance may not make much sense . On the other hand , those who have assets of hundreds of thousands of dollars may find paying a couple hundred of dollars a month for a Long Term Care insurance policy as a good investment . If extended care was needed , their policy would pay for it so that their assets would be safe . The policy would also given them more choices for their care , which some would consider worth the money .


Input: Is Long Term Care Insurance Worth The Investment?

Output: That 's a bit of a tricky question . If one never has a long term care event then other than the peace of mind one may get from having the insurance it has no other practical value . If one does have a long term care event and needs to claim the benefits of the insurance , then certainly it is worth it ! The cost of long term care can be financially devastating .


Input: How Much Would Disability Insurance Cost?

Output: Long term or short term disability insurance depends on several factors . Disability insurance costs are based on a three items : your personal medical health , your compensation and your vocation . Your gender , age , smoking status , health history , current medical condition contribute to your underwriting classification . Your compensation must be justified or provable . And you vocation whether blue or white collar , hazardous or skill specific all contribute to the price you 'll pay for short term disability insurance .