Input: How Safe Is It To Invest In Annuities?

Output: Annuities are among the safest forms of investment , particularly fixed or Indexed Annuities . Provided you follow the tax laws and contract , there is really very little risk of losing money . Fixed Annuities have a guaranteed interest rate . Indexed Annuities have rates based on the stock index performance but without the downside risk . Annuities are also the only retirement vehicles that can guarantee a lifetime income .


Input: How Does Renters Insurance Work With Roommates?

Output: Renters insurance typically covers the insured and immediately family members residing at the covered premise only . Room mates should always secure there own renters coverage as their personal items are not covered under a policy that is not their own in almost all cases . Contact a local agent to get more details about renters insurance coverage .


Input: How Does Renters Insurance Work With Roommates?

Output: Some insurance providers may allow you to add a room mate to the renters policy but they must be listed in order to be covered . What is most often the case is each roommate will be required to carry their own insurance to protect their own liability and property .


Input: How Much More Does Medicare Advantage Cost?

Output: How much more than what ? You can find Medicare Advantage plans from zero premium on up . So I guess you would have to say it costs exactly the same as original Medicare A&B . You can spend more though if you want to . Some Medicare Advantage plans do have a premium . You should review the options in your county at www.medicare.gov or talk with your local insurance agent that specializes with Medicare Insurance Plans .


Input: How Much More Does Medicare Advantage Cost?

Output: Medicare Advantage plans have low premiums , as low as $ 0 . They do n't cost much until you use them . They are great until you get sick then you pay and pay and pay . Most Advantage plans have networks . Some networks are local while others are regional . Some Advantage plans only include coverage if you are treated by a network provider while others will include out of network coverage but with a higher -LRB- and usually separate -RRB- deductible , higher copay 's and higher out of pocket . Exceptions are made to the out of network penalty for true medical emergencies . Make sure you understand all details of the policy , especially your out of pocket maximum . The out of pocket limit does not include non-network benefits or Rx . It also does not include any non-covered medical treatment . In most areas less than half the doctors accept ANY Medicare Advantage plans . Even if your doctor does accept Advantage patients they may not participate in your particular plan


Input: When Do Car Insurance Rates Go Up?

Output: Rates for the various lines of coverage provided by a carrier are filed by carrier in each state they are licensed to do business in . The state insurance dept. must approve the rates used . How often this is done varies by state . A carrier may increase or decrease their rates and must provide evidence to support the change . Most states have hearings for rate changes and public input is possible . Contact your state insurance or financial services dept. and inquire about insurance rate filings to learn more about rate increases or decreases . Changes in rates may or may not have a direct effect on the premiums charged for any one policy . Premiums are determined by the application of underwriting and rating factors applied to the filed rates by insurance carriers .


Input: When Do Car Insurance Rates Go Up?

Output: I agree with Cathy , but also offer one other major reason rates go up . Insurers are pricing a product before they know their cost . It something like building a spec house for sale at $ 300,000 with out knowing that the purchaser is going to require all hard wood floors , a finished basement and a three car garage . Had you known you would have priced your product at $ 400,000 . This is some of the dilemma of insurers . Thy can look at historical outcomes and yet may not see a trend developing before it happens . The reason most auto insurance is sold in Six month terms in the US , is that it often takes a minimum of one year for the carrier to realize rate level on all customers in a certain state and rate filing . Let me give an example : If company A sees it needs rate increase on its TX auto insurance business and puts that rate into effect after state approval on July 1,2014 it will take a full six months to raise the rate level to the new level for the last customer whose policy incepts on 12/31/2014 . Then it takes the company another 6 months to earn the premium for each of those customers . It has to set aside some money in case you decide to move your business , as well as keep reserves for accidents that have occurred or are known to be likely to occur in the future.So in a full year at 7/1/2015 the company has realized the effects of its rate filing in the state . If it now needs more funds , it will take the same 12 months to fully earn that premium . So in effect you can see that the process of getting an adequate rate for an insurers losses and expected losses is at least a year on six month polices and double that to two years to achieve the rate level on annual policies . That said , recognize that your rates can go up annually in a 12 month policy because of a company 's filings and go up as much as every six months for an insurer who uses 6 moth policies.So , all that said , you do n't control the pricing that is an aggregate need of the insurer but you can better protect yourself by buying a 12 month policy . Lock in a rate level . If you do not change the exposure -LRB- new car or new operators and such -RRB- , you will have locked in rate for one whole year . So my advice is to seek out an insurer that writes annual policies if available .


Input: When Do Car Insurance Rates Go Up?

Output: That is a difficult question to answer since there are many factors as to why auto insurance rates increase . INsurance carriers base their rates on numerous factors such as number of persons on the policy , the age of the drivers , where they live , the types of vehiclesand their driving history . If a policyholder or a listed driver on the policy has had an at-fault accident you can expect that your insurance rates will increase . If you buy a new vehicle that will also increase your premium as well . In California , the accident will stay on your driving record for three years .


Input: What Are The Best Health Insurance Companies?

Output: The best health insurance companies vary from one state to another . Although specific carriers are available in most areas of the US , such as Aetna , Unitedhealthcare and Blue Cross -LRB- Blue Shield -RRB- , there are many smaller regional carriers that are very popular . An experienced broker can help you find the best options and top-rated websites can also help you compare the lowest rates from the best insurers . In 2014 , medical questions will not be asked , so the definition of what 's the `` best '' health insurance company will change . As brokers , we review and research many different plans so consumers can quickly focus on the policies that help them the most at the lowest possible cost .


Input: How To Choose Best Retirement Plan?

Output: Choosing the retirement plan for yourself can be a daunting task , but here are a few factors that may assist you in your decision . First should you use a qualified or no qualified plans?Second , should you use your employer sponsored or individual retirement plan?If you are ina high tax bracket and your employer offers matching contributions , you should select a qualified employer sponsored retirement plan like a 401 -LRB- k -RRB- . But if your tax bracket is minimal and you like more flexibility that a regulated qualified plan , a non qualified plan using indexed life insurance may be appropriate for you . These are just a couple of considerations to get you started .


Input: How Much Life Insurance Does The Average Person Have?

Output: Why do less than half of the U.S. population have individual life insurance ? In my experience , the majority believes their group term life insurance death benefit provided through their employer will be enough to pay their financial obligations at their death . This may be true but only for those who die during their employment . But what is the percentage risk of that happening ? I saw a study on the percentage of all term insurance plans which included group term that was in force when the insured died was less than 2 % . That means 98 % of the insureds and beneficiaries received $ 0.00 dollars from their term insurance plans . Would I advise not buying term insurance ? ` NO ' but I would only use term insurance to pay for temporary needs for cash , such as : payment of the Mortgage balance , cash to provide for children 's education , and debts that will be paid off prior to retirement . For financial obligations beyond retirement will need to be covered with personal savings or permanent life insurance plans . But for most savings or permanent insurance proceeds are insufficient to provide the Lifetime Income need for their Surviving souse . However , there is a NEW product design available that is much more affordable when Survivor income is the need . It has no product equal . It 's filed and approved in 47 states as a Reversionary Annuity . It 's a Survivor lifetime annuity that you do not have to fully fund .


Input: How Much Life Insurance Does The Average Person Have?

Output: Only 44 % of households had individual life insurance policies in 2010 , so one could say that the average person does not have any life insurance . And studies show that most people who do have life insurance are under-insured . For those who do have life insurance , many people use the rule of thumb of taking a face amount that roughly equals 7-10 times their annual salary .


Input: Can I Keep Life Insurance On Ex Husband'?

Output: That is a great question ! There are a lot of exes who have gotten a windfall because the other spouse never changed the beneficiary.The answer really depends upon your divorce decree , and the State where you live.Whatever your Judge decreed as far as your insurance goes , is what you have to do . Some States will automatically dictate what has to happen , others do n't . Please contact your agent , or your divorce lawyer to find out what laws will apply to you . Good luck , and thanks for asking !


Input: Can I Keep Life Insurance On Ex Husband'?

Output: Once you have a life insurance policy on someone else , you can keep it , unless the court orders otherwise . In divorce proceedings , some judges will rule that the policy Owner is changed to the Insured , that the Beneficiary is changed , or something else . If there is no court ruling , you may keep the policy on your ex husband .


Input: Does Auto Insurance Cover Pothole Damage?

Output: Striking a pothole would be no different then striking any other stationary object or colliding with another vehicle . This type of incident would be considered a collision . If you carry collision coverage you will be covered minus your deductible . However depending on the situation you may be charged for an at fault accident . I recommend you discuss the details with your insurance provider .


Input: Does Auto Insurance Cover Pothole Damage?

Output: If you collide with a pothole this would fall under the collision portion of your policy . Ao as long as you have collision coverage you have coverage fordamagefrom a pothole minus your deductible . Here are a couple things to consider.Damageto your tires would be depreciated based on the length of life left on the tires . Also many carriers consider this an at-fault accident so I would suggest you talk to your agent about the specifics of your potential claim . You also may want to contact the localmunicipalitiesabout the pothole as there is potentialnegligencein maintaining the roadway .


Input: Does Auto Insurance Cover Pothole Damage?

Output: If you auto policy covers collision , pot hole damage should be covered . The repair should be reimbursed minus the deductible . When you file a claim it could affect future premiums . Discuss a small claim with your agent , it might be better to arrange for the repair without filing a claim .


Input: Which Life Insurance Policy Has A Cash Value?

Output: The type of life insurance that can have a cash value is Whole Life or Universal Life . These are called `` permanent '' policies -LRB- as opposed to `` term '' insurance , that has no cash value -RRB- . There are variations of Whole and Universal Life , as well , called Variable and Indexed policies . These have the potential to generate more cash value that regular Whole or Universal Life , because Variable or Indexed products allow utilization of stock market funds .


Input: Why Are Homeowners Insurance Rates Going Up?

Output: Natural disasters such as Sandy definitely play a role . Additionally , the cost to replace homes is rising because labor and materials are more expensive . One way to lower your premium may be to take a higher deductible if you can afford it . This still protects you from a major loss , but helps the insurance company by deterring `` maintenance claims . ''


Input: Why Are Homeowners Insurance Rates Going Up?

Output: Great question ! Insurance rates go up for several reasons . The main one is due to the payouts they 've had to make - years like these past few with several violently destructive tornado 's and Hurricanes cause huge payouts on claims . The more they pay out , the more they need to take in . Other , more common reasons are the same rising costs of living that we face - it 's more expensive for gas , supplies , wages , etc. , so the prices go up to compensate . Thanks for asking !


Input: Why Are Homeowners Insurance Rates Going Up?

Output: While most states have noticed an increase in property premiums this past year , some have not . California has experienced a decrease . The simple answer is that the insurance premium reflects losses that the companies incur . If the company collects $ 100 and pays out $ 101 they will lose money and in a few similar years , cease to operate . The companies file with the individual state commissioners and have to show their gross premiums , expenses and claims in that state . With that information the commissioner may allow them to adjust their rates . The insurance commissioner is also very interested in the company remaining viable so that it can meet future claims


Input: Is Life Insurance A Legal Requirement For A Mortgage?

Output: No it is not a legal requirement . Many lenders however will require mortgage life insurance to protect themselves . Also , there have been cases where a judge has required a divorced spouse to carry life insurance to cover a mortgage or protect minor children although these cases would depend on the situation . As a general rule however , you are not legally required to carry mortgage insurance .


Input: What Home Insurance Do I Need?

Output: Typically you are going to want to buy as much insurance on the home as you need to REPLACE it with like kind and quality . This can be determined by knowing the square footage of your home , the construction quality and the cost of building -LRB- per square foot -RRB- for homes in your region .


Input: Can I Keep An Auto Insurance Check?

Output: I am not clear as to what you are referring . If the check is a refund sure you can keep and cash the check . If the check was for a claim and you are choosing to keep the money and not fix the repairs keep this in mind . The insurance provider in good faith gave you money to fix the repair . You in turn in good faith are expected to complete the repair . If you do not repair the vehicle and down the road an incident occurs in the area of damage your claim will be denied due to pre existing damage that was not repaired .


Input: How Can I Check If My Car Insurance Is Valid?

Output: I not certain what you mean by valid but , I would first suggest looking at your insurance card that you keep in your wallet or car . This will show the effect dates of your coverage . If you do not have your insurance card then call your local agent to have them look up your coverage dates for you .


Input: How Can I Check If My Car Insurance Is Valid?

Output: The term `` valid '' might have a couple different meanings . The first might be whether or not your auto insurance policy is in force . Normally , if you have paid your premiums and you have not made any changes to your policy that would make you ineligible - your policy should be `` in-force '' . As previously stated , you need to check your insurance ID cards or policy delarations page to confirm the effective and expiration dates for your policy . The other situation where you might find the term `` valid '' is if you lease a vehicle . In this case , the bank or leaseholder , which is the actual owner of the vehicle might require you , the lessee , to carry minimum liability coverage on your insurance policy . A normal amount of liability coverage that you may be required to carry would be 100,000 / 300,000 / 100,000 with deductibles for comprehensive and collision no higher than $ 1,000 . If your policy affords coverage to meet these requirements , the leasing company would deem your coverage to be `` valid '' . Hope this helps . -- @MooneyInsurance


Input: How Can I Check If My Car Insurance Is Valid?

Output: I am not sure if you mean valid by being insured with an actual insurance company or if your premiums are up to date and your policy is in force . You can check AM Best for ratings on insurance companies and you can call your agent to verify your policy is in force or the carrier directly .


Input: How To Prepare For A Life Insurance Health Exam?

Output: Two of the most important things you can do to prepare for your life insurance exam are : 1 -RRB- do n't eat or drink anything but water for at least 8 hours before the exam , and 2 -RRB- do n't take the exam while you are sick . # 2 is especially important if you have diabetes , MS , Crohn 's , or any other health condition that flares up when you contract a cold or the flu . Even having recent surgery or intense pain can affect blood glucose or hypertension . So just try to schedule your exam when you feel well , if possible , and when you can avoid eating for 8-12 hours .


Input: How To Prepare For A Life Insurance Health Exam?

Output: Two things you want to do for any health exam for insurance is 1 -RRB- do a fasting blood test -LRB- nothing to eat or drink for a 12 hour period before the exam -RRB- and 2 -RRB- complete it first thing in the morning . This will help you get the cleanest numbers . For example , if you have a donut before an exam , the sugars can make you appear to be diabetic even if you 're not because it 's raising your sugar levels -LRB- creating a spike -RRB- for a period . If you have a cup of coffee , the caffeine can raise your blood pressure and may make you look like you have high blood pressure when you may in fact not . If your numbers come back unfavorably , you can not simply just retake the exam . Any carrier will review both sets of numbers if you want to redo it and you 'll have to pay for the new exam -LRB- insurance companies generally pay for the first one -RRB- . So it 's important to get it right the first time , no matter how inconvenient the preparation may be .


Input: How To Prepare For A Life Insurance Health Exam?

Output: Some tips to prepare for your paramed exam start a couple of days prior to your exam . First try to schedule your exam early in the morning . It is best if you can fast , no food or water 12 hours prior to your exam . If that is just too long , at least fast 8 hours minimum for your best blood and urine results . Get a good nights sleep prior . You will test better when well rested and early morning is when your blood pressure will be the lowest as well as your weight . It is not a drastic change but sometimes a point or a pound can drop you to the next tier of ratings which leads to lower premiums . Experts recommend not doing any vigorous exercise 48 hours prior to your exam . If you work out regularly , go light for the 2 days leading up . Exercise can increase proteins , which can lead to false positives on your blood work . If you smoke , try to refrain before your test , as it can elevate your blood pressure . If you smoke an occasional cigar or pipe , you need to be 14 days clean in order to get the cotine out of your blood stream . A few life insurance carriers will give you nontobacco rates for occasional use , but you must test nicotine and cotine free to receive these rates . Underwriters test for cotine because it stays in your system 14 days longer than nicotine .


Input: How To Prepare For A Life Insurance Health Exam?

Output: In order to prepare for a life insurance health exam , there are a number of things to do and not do . You want your health exam to to be as good as it can be to in order to receive the best rates possible and avoid additional tests , Start with a good night 's sleep before the exam and do not do any heavy exercise for 24 hours before , You may be required to fast for 12 hours if a blood test is being done . Regardless avoid food and drink -LRB- except water -RRB- for 2 hours prior . Drinking water before the exam is a good idea to provide a urine specimen . Avoid caffeine for several hours and alcoholic beverages for at least 8 hours before the exam . If you smoke , avoid smoking for at least 1 hour before the exam . Continue taking any prescription medicines and bring them to the exam for reference . If you are taking over-the-counter medicines , try and avoid them for 24 hours prior to your exam . Inform the examiner if you do take one and why you did . Abnormal tests can result if you are ill or under stress at the time of the exam . If you are unable to reschedule , be sure and inform the examiner . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Can Annuities Be Cashed In?

Output: Cashing out an annuity policy could incur policy surrender charges that can be punitive in the early years of the contract . If the annuity policy has cash value gain , then an ordinary income tax event will ensue . And if the annuity policy is cashed in and the policy owner is under 59 1/2 , an additional penalty will be added as well . Consult with your tax adviser before moving forward with any annuity policy surrender .


Input: Can Annuities Be Cashed In?

Output: That is a great question ! One of the biggest reasons why an annuity is not suitable for everyone is the fact that your money is tied up for a long period of time . That can be an issue , if you are prone to cash flow problems . You can cancel it , but you will lose a considerable chunk of it to taxes and fees , and may even bump yourself up a tax bracket for the year you cancel the contract . Please talk to your agent , or a tax attorney before you cancel the contract . A better solution , and I use the word `` better '' guardedly , is to take whatever free withdrawal amount that is available for you , if you are in a cash crunch . Thismay have an effect on what your annuity earns and pays out , so please consult with your agent first.A better solution yet may be to borrow from your life insurance policy , it 's tax free , and will have less consequences . Please feel free to contact me , if you 'd like to discuss this privately , okay ? Thank you for asking !


Input: Can Annuities Be Cashed In?

Output: Generally , when you buy an annuity you 're going to keep it for the life of the contract . Annuities can be cancelled early , but you will likely have surrender charges and certain tax implications involved if you do . What kind of annuity you have may have different penalties for surrendering the annuity early . If you surrender the annuity before 59 1/2 , I believe you can face a 10 % federal tax penalty on the value of the annuity . You should definitely talk it over with your annuity agent before making any decisions so you know what may happen if you surrender the annuity early . I hope the information is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: What Happens To My Car Insurance After A DUI?

Output: After a DUI , your car insurance increases . The question is ... when ? Sometimes it will be very quick , although other times there may be a delay in the price adjustment . When this does occur , if your insurer drops you and your vehicles , you will have to shop for new coverage . In that situation , consult an experienced broker that has a reputable website . He/she will be able to review your options and find the most affordable policy .


Input: How Does A Single Premium Deferred Annuity Work?

Output: A single premium annuity is a life insurance product . It is a contract written and guaranteed by a life insurance company . It operates exactly opposite from a life insurance policy . The contract promises to make monthly deposits for the rest of the life of the annuitant in exchange for a single lump sum . This is accomplished by studying life expectancy . The company knows that some will live for a shorter period than life expectancy , while others will live longer . By balancing these factors and including interest earned on the lump sum the company can write a contract and include promises that it can keep .


Input: How Does A Single Premium Deferred Annuity Work?

Output: The answer lies within your question . Annuities are , by their construction , methods of accumulating assets , and methods of distributing assets . It is that simple . A single premium annuity is where no stream of regular payments is contemplated . In other words , you create your accumulation in the annuity with a single payment . The `` deferred '' part explains that the annuity will have a payout at a later time . So , a single premium deferred annuity is an annuity that expects only one large lump payment and that time will pass before the funds will be distributed . The time that passes could be a year or fifty but the payout will be later .


Input: What Taxes Do I Pay On Life Insurance?

Output: Generally , none if proper steps are taken . Life insurance death benefit proceeds received by a beneficiary are income tax-free in most cases . This is a key feature of life insurance . Common exceptions include business-owned life insurance issued , or materially modified , after August 17 , 2006 which may be taxable unless specific steps are taken during time of application and annually thereafter to meet conditions which allow the proceeds to be income tax-free . Another exception is a tax trap where life insurance contracts with three parties involved may also have unexpected taxable implications . Beyond the death benefit tax-free characteristics , the cash values have important tax aspects as well . Cash value builds free of tax . If the policy-owner accesses cash values via withdrawals of some of the cash value -LRB- after policy year 15 -RRB- , the amounts are income tax-free return of basis -LRB- premiums paid -RRB- in the contract . After that , the gain would be income taxable . Special tax rules exist for distributions in the first 15 policy years . If the policy-owner accesses cash values by taking a policy loan , the amounts would be income tax-free . As long as the policy is not lapsed prior to the net death benefit being paid , the policy loans are never taxed . If there is a large loan and the policy is allowed to lapse , income tax would be due that year on all of the gain in the contract . In the event of a full surrender of the policy for its cash value , there would be income tax to the extent of gain in the contract .


Input: What Taxes Do I Pay On Life Insurance?

Output: Death benefit proceeds generally pass to their designated beneficiarys tax free . There are some business scenarios where death benefit proceeds are subject to the alternative minimum tax as a preference time and could be included as revenue at ordinary income tax rates . There may be estate taxation on the federal and/or state level . If the life insurance policy is a modified endowment contract , loans are taxable . If the life insurance is a non-modified endowment contract and the policy lapses , is surrendered or the policy reaches its maturity dateall policy loans , -LRB- those received and internal -RRB- are ordinary income tax events is the year they occur .


Input: What Does It Mean To Be Rated For Life Insurance?

Output: Being rated for life insurance means that your risk profile is greater than average . You are still insurable but at a different rate . Life insurance rates are calculated assuming average health and lifestyle and organized into standard rate sets specific to age , gender , tobacco use . If you have a medical condition that affects the underwriting process , you may qualify at a higher rate . Factors are applied to the rate table called table ratings -LRB- and , sometimes , flat extra ratings -RRB- which adjust the premium you pay so that it is appropriate for your risk profile .


Input: What Does It Mean To Be Rated For Life Insurance?

Output: What does it mean to be rated for life insurance ? Being rated means you have a health condition that does n't exclude you from coverage -LRB- declined -RRB- , but ads additional cost to the policy . Also known as `` table rated '' a person could be rated along a range of levels -LRB- tables -RRB- for an illness depending on their individual situation . A great example of table rating is diabetes . When I started 25 years ago , Diabetics were a straight decline for life insurance . No chance . Over the years , as treatment and severity of Diabetes changed , came a `` range '' of health levels that Diabetics can display . There are diabetics who have become healthier than the general population and there are Diabetics who every day struggle with control of thier illness . The insurance industry has figured out these two are not the same individuals health wise . A person with well controlled diabetes may fall into normal class range or low table rates , while a person with less control of their diabetes would be higher on the tabe rates .


Input: What Does It Mean To Be Rated For Life Insurance?

Output: Being rated for life insurance means that your life insurance will have `` table ratings '' added onto it due to one or more risk factors in your life -LRB- a moderately serious health condition or fairly recent alcohol treatment are two examples of ratable risk factors -RRB- . Each table rating usually adds 25 % of the Standard premium back onto the Standard premium . E.g. . If the Standard premium is $ 1000 per year , a policy rated Table 2 would cost $ 1,500 per year , or 150 % of Standard . This is a very loose explanation , not taking into account policy fees and the fact that some companies charge a different % for their table ratings , or add the % on a rating other than Standard . These variations can cause a wide range of prices among policies of the same table rating , and why it is especially important to shop among several carriers when you have a ratable condition . Most companies end table ratings at table 8 for Term life insurance . Sometimes a person who is unable to get Term can get Permanent insurance , as some permanent policies will allow more risk .


Input: Who Sells Long Term Care Insurance In California?

Output: Some companies that sell Long Term Care insurance in California are Genworth Financial , John Hancock , and Bankers Life and Casualty . Contact a Long Term Care or Life Insurance broker to find out what policies are available to you , and to shop them for you for your best LTC price .


Input: Can I Get Life Insurance With A Felony?

Output: Most life insurance companies will delay issue of a life insurance policy to a felon until some time after incarceration and/or probation have been served . Guaranteed life insurance policies do not have that requirement , and the guidelines for some products are definitely stricter than others . Contact an agency that sells multiple products , both medically underwritten and simplified issue , to find your best life insurance rates with a felony .


Input: Can I Get Life Insurance With A Felony?

Output: There are a lot of life insurance companies that will not allow felons to have life insurance . I am not aware of any carriers that would underwrite you while incarcerated . A felony with some carriers depends on the charges . I would highly recommend using an experienced independent life insurance broker that can shop the market to find you the best price and best product for your situation , it may be expensive .


Input: Is Car Insurance Higher On Smart Cars?

Output: Rating factors go far beyond just the vehicle you drive . Location of where the car is garaged , driving record , age , marital status all come into play when considering rates . Not to mention potential discounts you may qualify for . Many new so called safer cars can be very expensive to insure simply due to the fact they blow apart into many pieces to save your life .


Input: Is Car Insurance Higher On Smart Cars?

Output: Not necessarily , no . In fact , some companies charge higher premium for larger vehicles such as large SUV 's , vans or pickups . These larger vehicles can cause much more damage to people and property than can smaller , ligher vehicles so the liability portion of the policy would be proportionally more expensive than for a smaller one . As for the physical damage portion of the policy , namely Comprehensive and Collision , as my colleague stated earlier , the rate a company charges is based more upon their loss experience with a vehicle than it 's relative size and weight . I have not seen a situation where a smaller vehcle receives any sort of a premium surcharge .


Input: Is Car Insurance Higher On Smart Cars?

Output: There is no more reason for a `` smart car '' to cost more than other cars of similar value or performance characteristics . That said , all cars are measured against the original actuarial expectations and when that experience deviates from expectatiions , the pricing for any car is adjusted upwards or downwards based upon this accumulated experience .


Input: What Are The Functions Of Disability Insurance?

Output: I am not sure what you mean by `` functions '' . Disability insurance is designed to pay a percentage of your income , usually between 60 % and 80 % if you become disabled due to an injury or accident . You choose an elimination period which acts as a deductible . The elimination period is the period of time that goes by after you become disabled before the insurance begins to pay . The longer the elimination period the lower the premium . Each company has options as far as the elimination period , most common for Short Term disability might seven days sickness and zero days accident but this can vary according to circumstances . Short Term disability will provide income for the period of time specified in the policy , usually not more than a year or two , but again , that varies .


Input: Can I Get Life Insurance With Hypertension?

Output: Yes , you can get life insurance with hypertension . If your life insurance is well controlled with one medication , you can be rated as good as Preferred or even the class higher than that , if your other health details and build fit that . If you are on more than two medications , if your hypertension has been uncontrolled recently , and/or if you have some other health conditions connected to your hypertension , you may be rated up or need to take a simplified issue policy . A good impaired risk life insurance agent can shop the best companies for your hypertension details , because different company rates differently .


Input: What Are The Different Medigap Plans?

Output: There are 11 different Medigap Plans which are also known as Medicare Supplement Plans . All of the Medigap Plans have a letter so that you can tell them apart . For example , Plan F or Plan G . This was done in an effort to make it easier for people to review the different plans . Deciding which of the plans that will be best for you is very individual decision . You can save yourself a lot of time by working with an independent agent that specializes in Medigap Plans . They will be able to review your options with you and explain the differences in the plans . You can also run an instant quote & compare Medigap Plans by visiting SummitMedigap.com .


Input: What Are The Different Medigap Plans?

Output: To add to what 's above , the different lettered plans are A , B , C , D , F , G , K , L , M , and N . There is also what 's known as a high-deductible plan F which features the same benefits as a regular plan F - the different is you 're taking on a deductible -LRB- $ 2,140 in 2014 -RRB- to get lower premiums . Plan N can be very competitive to plans F and G .


Input: Does Car Insurance Cover Shopping Cart Damage?

Output: Shopping cart damage is generally covered by the collision portion of the auto insurance policy and subject to the deductible . So if the cost to repair a ding caused by an errant shopping cart is $ 300 and your deductible is $ 500 , there would be no insurance claim . The golden rule in parking lots : do unto others as you would have them do unto you and secure your cart when you 're done !


Input: How Much Will My Auto Insurance Increase After An Accident?

Output: That , frankly depends on your auto insurance provider . Some companies offer `` Accident Forgiveness '' benefits which elliminates any anxiety about the company raising your rates if you file a claim . In many cases , if you are involved in an accident that is not your fault , for example if you are hit by someone else and they take off , your insurance company may not increase your rates if they are needed to settle your claim .


Input: How Much Will My Auto Insurance Increase After An Accident?

Output: There are many factors to this . Many carriers will not rate you for minor accident usually under 500.00 some carriers charge for the so called accident forgiveness but other carriers give it to you for nothing . I have found that in many cases that the rate increase is much less then it would cost to repair the damage .


Input: How To Estimate Home Insurance Cost?

Output: Homeowners insurance is not a one size fits all policy . The cost of home insurance is determined based on your claim history , type of house , age , condition and in some states credit . In Virgina , your credit score is a big factor when determining rate . Your agent also has to complete a Replacement cost calculation -LRB- the cost to rebuild your home -RRB- . The Replacement cost is not the purchase price or assessment value but rather how much it would cost the insurance company to rebuild your home . This amount can be more than the purchase price in some area especially with older homes . There are several variables to considered so it 's always best to sit down with an independent agent to review your options .


Input: How Much Is Mortgage Life Insurance?

Output: If you are purchasing regular life insurance with the intent of using it to pay off your mortgage , you can find quotes for that by visiting websites on the internet that offer quote engines . E.g. . If you have a 15 year mortgage of $ 200,000 you can shop for a 15 year term life insurance policy to cover it . The death benefit and premium will stay level for the full term , so that if you passed away when your house is nearly paid off , your beneficiary can use the life insurance proceeds for other needs .


Input: Does Medicare Cover Hearing Aids?

Output: As previously mentioned , Medicare does not pay for hearing aids . Also , typically , Medigap plans also do not cover hearing aids so the cost must be paid by the consumer . There are a few states that provide hearing benefits , including some for the purchase of hearing aids . These would be through specific state programs including Medicaid . Unfortunately , the pricing can be very expensive . Assuming you want quality hearing aids from an audiologist -LRB- including custom-fitting -RRB- , the cost can be as much as $ 3,500 to $ 7,500 . WEBSITELINK provides resources and assistance to consumers with hearing loss and may offer some helpful ideas .


Input: Does Medicare Cover Hearing Aids?

Output: The answer is generally no . Medicare does not cover hearing aids , but like many other items , there are exceptions . If hearing loss is due to injury or illness , Medicare may pay for a portion of the cost of testing by a trained audiologist . In some cases they will also pay for a hearing aid .


Input: Does Life Insurance Affect Your Credit Score?

Output: Are you asking , `` If I receive life insurance money as a beneficiary , will it affect my credit score ? '' If so , it will not do so unless you start charging more things and paying them off quickly . If you are asking , `` Does paying my life insurance premium affect my credit score ? '' The answer again is no , unless you pay the bill by credit card and pay it on time each month .


Input: Does Life Insurance Affect Your Credit Score?

Output: Life insurance typically does not impact your credit score . However , car payments and mortgage payments can have a huge impact on your score if you constantly are late with your payments . A lower credit score means it will cost you more to borrow money , and over time , that could cost thousands of extra dollars . Also , if you have TOO MUCH life insurance and are paying quite a bit , it could impact your score . This question was also answered by Tyler Maddox earlier in the year .


Input: At What Age Should You Buy Annuities?

Output: Age could be a factor when purchasing annuities . Product suitability has many components ; one of them is age appropriate for seniors and young workers just starting out . Seniors in their late 70s and 80s can purchase annuities , but should they ? Annuities are ultimately bought for income . If the senior timeline is too short , theyll never recover their original contributions . Young workers generally have many priority needs and purchasing a non-qualified annuity and holding it long enough to escape the 10 % penalty is too long for most .


Input: How Do You Buy Car Insurance In California?

Output: There are several ways to purchase an auto policy in California . Some companies offer insurance entirely over the internet , others have direct mail campaigns . Most people still contact a licensed and trusted insurance agent . If you dont have an agent , check with colleagues and friends for a recommendation . The agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . The most important thing that the agent will do is explain coverages . The most expensive auto policy you can have is one that doesnt adequately protect you when you have a claim .


Input: Why Is Dave Ramsey Against Whole Life Insurance?

Output: Dave Ramsey 's concept is that you should buy term and invest the difference . Since term insurance is less expensive initially , investing the difference in cost between term insurance and whole life insurance you will receive a greater return . In principle and theory he is right . In actual practice , statistics show that people buy term with this in mind but do not follow through on the investment portion . The result is that people are left with no insurance in their later years , because term insurance premiums increase in later years and become unaffordable . Often they end up with less savings than they would have had if they had purchased whole life . When you consider the tax friendliness of whole life , probate avoidance , and other factors Whole Life often in reality comes out on top . Dave Ramsey 's concept is not new , it has been around since A.L. Williams in the early 1980 's . Unless a person is extremely disciplined and has enough liquid cash flow , the concept of buy term and invest the difference has historically not worked for most people . Life happens , emergencies come up , expenses rise and the investment part of the plan is put on the back burner . I know some of my colleagues will disagree with me . They point to numbers on illustrations that look good in theory . I am not saying the concept wo n't work . I am pointing out the reality that unless a person truly follows through on the plan , historically it has n't for many . I see too many people end up with no insurance in their later years when they need it most . You should have at least a solid base of Whole Life . Life Insurance is not a good investment in fact it is not an investment . It is a good semi-compulsory way to save money for a later date while at the same time providing an immediate estate should you die too soon .


Input: What Is A Uni-K Retirement Plan?

Output: The Uni-K is a proprietary retirement product from Pioneer Investments . It targets small businesses that seek the benefits of a traditional 401 -LRB- k -RRB- with the overhead expense that comes wit its implementation and ongoing maintenance cost . Recent tax law changes appear to have initiated its development .


Input: Does Renters Insurance Cover Swimming Pools?

Output: Have to assume that you are talking about liability here . A good renters policy will provide coverage for the policyholder for liability that is attributed to and ultimately proven to be his or hers . Usually the property owner/landlord is the first person who is liable but there easily can be circumstances where the renter can be held liable for accidents involving both in-ground and above-ground pools , either primarily or secondarily . So , it is easy to see why it it is extremely important that renters obtain policies that will cover them for potential liability of this nature and otherwise .


Input: Can You Get Life Insurance Without A Job?

Output: You certainly can , if you have reasonable assets . Otherwise retired folks could not get life insurance , regardless of their wealth and health . The issue may be what is your asset level and can you reasonably pay the premiums . A company may not want to issue a policy to someone asking for ten million dollars coverage and only having a net worth of one hundred thousand . It would be too tempting for them to have themselves killed or do it themselves after two years , in order to have their family gain the wealth . Other than that , the fact that the person may not be employed should not matter . Gary Lane , Agent , New York Life . 949 797 2424 .


Input: Can You Get Life Insurance Without A Job?

Output: If you are a student or unemployed for other reasons , you can get a small amount of life insurance without a job . If you are a stay at home mom or dad , you can get the amount of life insurance that your spouse or partner has . Your assets do enter in to the amount of life insurance you qualify for , as well .


Input: How Is Life Insurance Different From AD&D?

Output: They are two different policies . An AD , D policy only covers accidental death and dismemberment . A life insurance policy will pay a death benefit regardless of the cause of death unless specifically excluded . Since ost people do not die as a result of an accident , AD&D policy premiums are far lower than life insurance premiums . An AD&D rider can be added to most life insurance policies .


Input: How Is Life Insurance Different From AD&D?

Output: Life Insurance is different from AD&D in that Life Insurance covers death by ANY reason , whereas AD&D only covers accidental death . The difference in the cost between the two types of policies is because the cause of death is due to illness far more frequently than it is due to accidents ; therefore , the Accidental Death and Dismemberment policies can charge less .


Input: How Is Life Insurance Different From AD&D?

Output: Accidental Death and Dismemberment insurance is rarely sold as a free-standing policy . It is usually a benefit for membership in an organization . It is a policy that rarely pays any benefit . That is the reason that the cost is so low . It is comparable to buying a homeowners policy that will only cover losses due to fire on the third Wednesday in February .


Input: How Is Life Insurance Different From AD&D?

Output: That is a great question ! I think that there are a lot of people who are confused about AD&D policies and life insurance . I think that often people assume that the AD&D policy is a cheaper form of life insurance , and therefore can `` save '' by purchasing one of them instead of the more expensive life policy . That is sadly not the truth . An AD&D policy will indeed pay if you pass away , but ONLY if your death falls within the very limited definition of `` Accidental '' as the insurer defines it . If you have a heart attack or stroke the policy wo n't pay - they are n't `` accidents '' . If you have a reaction to a spider bite , it 's not an `` accident '' . There are far fewer people who die from accidental causes than from natural causes , so the coverage offered in most cases is paid for , and uncollected . A life insurance policy will pay no matter what the cause , so is much more sure to pay . An AD&D policy is a cheap way to supplement your coverage , and is a good thing if you work in a hazardous job , but please do n't use it for primary coverage , okay ? Thanks for asking !


Input: How To Avoid Estate Taxes On Life Insurance?

Output: With the unified credit exceeding 10 million dollars for married couples , most Americans may not need to create an irrevocable life insurance trust -LRB- ILIT -RRB- to own a life insurance policy . But they may need an -LRB- ILIT -RRB- to avoid their state of residence estate tax because most states did not replicate the federal law . If your assets and your desired death benefit exceed federal or state limits an ILIT may be the way to go . Some grantors use their children as policy owners as a tactical planning option as well . But ownership has its privileges which includes the childs access to the policy or its draw backs by exacerbating the childs total estate . Before moving forward with any estate strategies , seek out legal advice .


Input: How To Avoid Estate Taxes On Life Insurance?

Output: To avoid life insurance death benefits from inflating the taxable estate of the life insured , it would be necessary to ensure there are no incidents of ownership . There are a few ways this is normally done . One is to set up an Irrevocable Life Insurance Trust to be owner and beneficiary of the life insurance . Money for premiums could be gifted by the grantor -LRB- also insured -RRB- to the trust . Another way would be for adult children to own and be beneciary of the policy on the insured -LRB- parent -RRB- .


Input: What Is The Best Long Term Care Insurance In Pennsylvania?

Output: Pennsylvania offers different types of policies from different companies . What is best for one person may not be at all what is best for another . However , some good features in long term care insurance are the ability to cover all levels of care -LRB- home health , assisted living , adult day care , nursing home -RRB- , having regular increases in coverage to cover the increase in health care costs as the years go on , and possibly a partnership policy that will protect your assets up to the face amount your policy . Again , not all these are best for everyone . Choose a knowledgeable agent to guide you through your long term care choices in Pennsylvania and to help you select your ideal policy for your budget .


Input: What Is The Best Long Term Care Insurance In Pennsylvania?

Output: There are several long term care insurance companies that offer quality contracts for those seeking coverage for assisted living and nursing home care in their senior years during retirement . Each company has their areas of specialty based on the proposed insureds specific medical and personal information . Genworth is a leading long term care insurance company .


Input: About How Much Does Health Insurance Cost?

Output: Health Insurance would cost a premium , which is a monthly cost paid by the insured -LSB- person purchasing insurance -RSB- . There are a few factors that are consider when calculating a premium . Typical questions our agency asks are : Is this an individual policy or family ? Who should be covered by the policy and what are the dates of birth for each person you would like to have covered ? What is you home zip code ? Do you want an HMO or PPO ? Now that the Affordable Care Act is available , if you would like to determine if you qualify for premium assistance , we need to know your household size and your household income . There is a grid based on household size and income that determines if you qualify for premium assistance and how much you can get . All of those factors contribute to How much Health Insurance Costs ! Its a custom answer .


Input: What Is Stacked Vs Unstacked Auto Insurance?

Output: This usually refers to Uninsured/Under insured Motorist coverage in your auto policy . In states that allow `` stacking '' this means that if you have say $ 300,000 of uninsured/under insured motorist coverage , and you have 4 vehicles on your policy , if you have to open a claim , the total resulting settlement may be based upon the amount of stated coverage multiplied by the number of cars you insure with your company . In this case , your settlement could be up to $ 1.2 million . Many states like Connecticut , did away with the stacking provision so talk to your Insurance Professional to see if it applies in your state .


Input: How Much Coverage Is Needed For Auto Insurance?

Output: Insurance assumes some of the risk in an auto accident . You need to decide how much risk you can afford . If you have assets that you dont want to lose , accept the highest liability limits that you can afford to protect you during a lawsuit arising from an accident . If you would be unable to replace your vehicle with available cash , take physical damage coverage so that your automobile will be repaired if damaged . The amount of the deductible will be a reflection of how much you can afford to handle yourself . In this process you are sliding financial responsibility to an insurance company because you are unwilling or unable to meet those responsibilities yourself .


Input: How Much Does Health Insurance Cost For Two People?

Output: The cost of health insurance varies substantially based on several factors . These factors include geography , person 's age , the amount of the insurance plan deductible , and the specific benefits provided under the pan certificate . Coverage costs also vary on the type of plan . Are you purchasing a major medical plan through the marketplace -LRB- obamacare -RRB- or an alternative suck as short term medical .


Input: Is Renters Insurance A Tax Write Off?

Output: Generally speaking the expenses involved with your residence are not deductible -LRB- except for the interest on a mortgage and property taxes . -RRB- However , if part of the residence is being used for business purposes , either as an office in the home , or even a storage facility , a portion of the expenses of the home can be deducted , including insurance , as a reasonable business expenses . That portion is the part of the building being used for the business purposes .


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

Output: For someone covered by two or more group health insurance policies , the term COB , short for coordination of benefits , would be used in such a scenario . Group insurance was designed to cover major medical expenses ; however , it was never intended to pay in excess of 100 % of incurred charges . For this reason , coordination of benefitswas established as a method by which two or more carriers or plans could coordinate their respective benefits so the total benefit paid does not exceed 100 % of the total allowable expenses incurred . In most states , thecoordination of benefitsregulations specifies how benefits are to be coordinated by insurance companies issuing group policies in the state . In most states , individual health insurance policies do not have to comply with thecoordination of benefitsrules . Thosepolicies may have special provisions in place if you have more than one policy . You should review your individual health insurance policy to see how it pays if other insurance is involved .


Input: How Does Obamacare Affect Medicare?

Output: The Affordable Care Act has done a couple things for Medicare recipients . First , it is closing the donut hole in your Prescription Drug Plan thus reducing your out of pocket costs for prescription drugs when you reach the donut hole . It also has instituted free preventative care , allowing access to preventative testing at no cost to the Medicare beneficiary . On the negative side , due to the extra taxes and costs to the providers , Medicare Advantage Plans are being forced to reduce some benefits by increasing copay 's and out of pocket limits , and reducing the number of in-network doctors .


Input: Can You Get A Life Insurance Policy On Your Parents?

Output: Everything mentioned above is correct . You need to also consider when selecting Life Insurance for somebody that 's older the underwriting process you 'll have to go through . Depending on the benefit amount , some companies have a nonmedical underwriting process . That means mom and dad do n't have to give a blood or urine sample . You 'll see these type of plans on TV . Yet be aware of what you 're buying . Most of the TV Brands do not have guaranteed level premiums for life , or the death benefit is n't paid in full for the first two years . Allow me to explain in more detail . These plans are often called final expense Life Insurance . Generally speaking there or two ways the benefits are paid out . If your parents or in overall good health , without a major event like a heart attack or cancer in the last two years , they should be eligible for what 's called an immediate benefit . Once the policies approved the death benefit is available the next day . The other type is called a graded benefit -LRB- or call date modified benefit in some cases -RRB- . Again , generally speaking , most of these plans have a limited payout the first two years of policy is in force . Some pay a percentage of the death benefit while others refund all your premiums plus an interest rate . These plans are great if mom and dad are in poor health . Some applications have zero medical questions . I often see where someone is sold a graded benefit when they could have received a level benefit with a different carrier . Underwriting is the key factor ! If your parents are in good health they may want to consider a fully underwritten policy . That typically includes a small medical exam . Think of it this way , the deeper the carrier looks into somebody 's health , the better their rate for the same benefit will be . Then there 's the whole question of what type of insurance to get . Whole Life -LRB- which is what the Final expense plans are -RRB- , Term , or Universal Life . The Orman 's and Ramsey 's of the world will tell you to buy nothing else than term . . ever , ever , ever ... . I 'm not going to debate that now . Just going to say they are hurting a lot of people with such narrow , cookie cutter advice . ALL life insurance types have a time & place . If you have further questions ... Reach out . Honored to help ... - gravy .


Input: Can You Get A Life Insurance Policy On Your Parents?

Output: Yes , you can get a life insurance policy on your parents as long as they are willing to sign the application and cooperate with the underwriting requirements . Also , you can get a small policy to pay for final expense , but if you want to purchase a large policy on your parents , you would need to show that you contribute to your parents ' financial well being in order to be the owner of the policy .


Input: Can You Get A Life Insurance Policy On Your Parents?

Output: Generally speaking , yes you can buy life insurance for your parents . The key is having `` insurable interest '' . In other words you have a family relationship or economical relationship such as in the case with business partners . Of course your parents will have to consent to the arrangement and sign the applications . And they will have to qualify for the policy being purchased .


Input: Can You Get A Life Insurance Policy On Your Parents?

Output: In most cases , you can purchase life insurance policies for your parents with their knowledge and approval . But how do you go about doing this , and what is the appropriate amount and type of coverage ? Everyone 's situation is different so knowing what kind of policy is important . The most popular types of policies for parents are term life insurance , whole life insurance , and second-to-die policies . Want to know more - I can help with over 30 + yrs of experience .


Input: Does Car Insurance Pay For Rental?

Output: If you are referring to a rental car , yes your auto insurance would provide coverage if you have full coverage -LRB- collision and otherthan collision coverage -RRB- on your vehicle with a rental car endorsement . Typically this coverage is a limited dollar amount per day up to 30 days . If you were not at fault for the accident and the other party 's insurance is paying for the damage to your vehicle they may pay for a rental car while your vehicle is in the shop . Read your policy completely to know your coverages and exclusions or contact your local agent to have them go over the coverage and exclusions offered .


Input: Does Car Insurance Pay For Rental?

Output: Your car insurance policy will cover the cost of renting a substitute vehicle if you have added the rider to your policy . Although some carriers include the coverage , you may be required to add this benefit to your policy . Typically , you are reimbursed approximately $ 15 - $ 30 per day and it will cover your expenses while your own vehicle is being repaired . Often , there is a 30-day maximum benefit period . If the accident is not your fault , then the other driver 's insurance will most likely pay for your expenses instead of your current company . Sometimes you can negotiate the amount you will receive from them . If your vehicle is not involved in an accident or covered claim , the insurer will not pay for expenses to rent a vehicle . However , the insurance to cover the vehicle may be extended from your personal policy . Check with an experienced broker to review specific policy provisions .


Input: Can I Sell A Car Without Insurance?

Output: You can often sell a car without insurance . However , the vehicle should satisfy all of your state liability requirements , which may include taking the license off the vehicle and , of course , not driving it . You should make the buyer aware that the vehicle is not insured and they should only drive the vehicle if their own insurance coves it . Each state is different so please contact an experienced broker in your area . Disclaimer : The preceding answer should not be considered legal advice or binding in any way . It is simply an opinion .


Input: Can I Sell A Car Without Insurance?

Output: Selling a car is separate than carrying insurance on it . If the vehicle is going to be test driven , then it would be a good idea to be sure the driver has insurance on it and/or you have minimal insurance to protect yourself until it is sold . Check with your state , however you may have to be sure the vehicle can pass emissions as well unless stated or scrapped . Again check with your local state rules . This is my recommendation to you however please consult your local agent to get full disclosure for your situation . Good Luck .


Input: Does Medicare Pay For Ultrasounds?

Output: Ultrasounds are covered under Medicare . If they 're completed as an inpatient in a hospital , it would be covered by Part A . If they 're completed on an outpatient basis , it would be covered under Part B. Medicare typically pays for about 80 % of the expenses - you would be responsible for paying the other 20 % . A Medicare supplement policy can help pay the remaining 20 % .


Input: Does Medicare Pay For Ultrasounds?

Output: Short Answer : Yes , Medicare pays for Ultrasounds . However , if you have only `` Original '' Medicare -LRB- Part A and Part B -RRB- , you will be responsible for 20 % . If you have a Medicare Advantage Plan , diagnostic testing varies from plan to plan ... you could owe anywhere from $ 0 to 20 % . If you have a Medicare Supplement , your share of cost depends on which supplement you have .


Input: How Soon Can I Borrow From My Life Insurance Policy?

Output: As soon as theres cash values and if applicable surrender charges . Life insurance is generally no liquid in the first 5 to 7 years , unless the policy is designed as a supplemental income plan by purchasing the lowest TAMRA compliant death benefit option . If early liquidity is a financial need , then life insurance is not recommended .


Input: How Soon Can I Borrow From My Life Insurance Policy?

Output: If you own a permanent -LRB- cash value -RRB- life insurance policy , policy loans should be possible once it accumulates enough cash surrender value . Each policy contains provisions which explain how policy loans can function for that particular contract . You can ask your agent or the insurance company directly for the loanable value of the policy . As long as the policy loan does not grow too large relative to the cash value available in the policy , there should n't be a problem . While you do n't have to repay the loan - it can be repaid out of the death benefit - care must be taken to ensure the policy is not caused to lapse as income tax would be payable in the year of lapse subject to all of the gain over the life of the contract .


Input: What Is The Best Age To Get Long Term Care Insurance?

Output: What is the best age to get long term care insurance ? Although there is no single accurate answer -LRB- or best answer -RRB- , when you are healthy and financially sound -LRB- perhaps in the 35-50 range -RRB- , you can buy affordable coverage that should fit within your budget . A full-time broker/financial planner would be a great resource to assist you .


Input: How Much Does Renters Insurance Cost Per Month?

Output: Renters insurance can usually be purchased from around $ 50 - $ 250 per year . The total cost of renters insurance is based on a variety of factors , the largest of which is how much contents coverage is requested to be insured . Be sure that the renters insurance that you purchase has replacement cost on the policy .


Input: Can A Mutual Fund Go Out Of Business?

Output: Can a mutual fund go out of business ? Technically no , a mutual fund can not go bankrupt . A mutual fund is a combination of stocks and bonds purchased from other companies and the government depending on the goal of the mutual fund . Usually a mutual fund has a wide distribution of funds so in the event of one or more of the investment choices within the fund fail , the fund it 's self remains secure .


Input: Can A Mutual Fund Go Out Of Business?

Output: You need to understand what a Mutual Fund is to understand that you need to change your question . Mutual Funds are comprised of several individual funds which meet the overall funds growth objective , i.e. aggressive growth to a conservative approach . Inside this Mutual Fund , the individual funds my be removed or sold with another fund replacing it or not . So , can a mutual fund go out of business ? No . Can a Mutual Fund be closed to new funds , YES ! Contact your local Registered Representative to get more specific details .


Input: How Much Will My Retirement Savings Last?

Output: The haunting question for retirees is how long will their retirement accounts last . There are two major factors to consider , the first is just the basic rate of withdrawal . If it is withdrawn at too high a rate it could disappear long before the need for the money is over . The second is the unexpected expenses . In particular is the looming specter of long term care . There are effective ways to plan for this but it is exercising the discipline to follow the plan when you retire that enhances success .


Input: Does USAA Do Disability Insurance?

Output: No , unfortunately , USAA does not offer disability insurance at this point in time . Their website does give good advice on what to look for when purchasing disability insurance . USAA offers a large line of insurance products that includes about every other type of insurance one could want , besides disability insurance .


Input: What Is Paid Up Value In Life Insurance?

Output: Paid up value in life insurance is a non-forfeiture provision which is found in most classic whole life insurance policies . Non-forfeitureprovisions are a series of values found within a life policy that give you options if you want to stop making premium payments on your policy . These options are : Cash Surrender : Giving up or selling your policy back to the insurance company for the amount of cash value accumulated within your policy over the years you own it . These values are stated on a chart called Non-forfeiture Provisions contained within your policy . Extended Term Insurance : This provides for the continuation of the full face amount of your policy for a specified period of time based on the amount of cash value accumulated within your policy . The length of time is stated in the same chart listed as non-forfeiture provisions . Paid-up Insurance Value : This provision also is included the the chart of Non-forfeiture provisions and it lists the new face amount of insurance you can elect if you stop making premium payments for the policy . It is based on the cash surrender value of the policy at the time you stop making premium payments . Depending on the length of time the policy is in force this amount may equal the full face amount of the policy , and this amount will be in force for the rest of your life . There are policies that can be purchased with a date where the policy is fully paid up , such as a 20 year payment life , or a life paid up at age 65 . Generally these policies spread a lifetime of premium payments over a shorter period of time making the premium payments slightly more than a traditional whole life policy where premium payments are paid for the life of the insured , and are typically known as a limited payment life policy .


Input: What Is Paid Up Value In Life Insurance?

Output: Basically , this is the value of the policy if , for whatever reason , you stopped paying the premiums immediately and the original policy lapsed . For example , you could have a life insurance policy with a death benefit of $ 100,000 . It could have a paid up value of , say , $ 10,000 . This means that if you stopped paying the premiums for a long enough period , the policy would then become a paid-up policy in the amount of $ 10,000 : You would no longer have to pay premiums on it , but it would then only pay out $ 10,000 in the event of the insured 's death .


Input: What Is Paid Up Value In Life Insurance?

Output: A life insurance policy that has cash value has several non forfeiture options . Should you no longer be able to make the premium payments you may choose to do one of three things . You can use the cash value to purchase a paid up policy . This means you have a reduced face amount for whatever the cash value will buy . You must notify the company if you want this option . If you do nothing and simply stop paying , the policy will go on what is called extended term . The cash value will purchase low cost one year term for the full face amount until the cash value is used up . There are tables in your policy that show this . You could also cash surrender the policy for the cash value .


Input: Who Is Eligible For Medicare In South Carolina?

Output: The eligibility requirements for Medicare are the same in each state . A South Carolina resident can apply upon turning 65 , or upon having received Social Security Disability benefits for two years , or when suffering from Lou Gehrig 's Disease or End Stage Renal Disease , and meeting the qualification requirements for each .


Input: Who Is Eligible For Medicare In South Carolina?

Output: In addition to getting Medicare Part A and Medicare Part B in South Carolina , residents need to consider what type of Medicare Supplement Plan will be best for them . Medicare along with a Medicare Supplement is great health insurance . Some things to consider ... do you want the freedom to see any doctor you wish , without the need for a referral and benefits that do n't change from year to year ? A Medicare Supplement does all of these things and more . For more information about Medicare and to compare Medicare Supplement plans in South Carolina you can visit our website .


Input: Will Life Insurance Cover Skydiving?

Output: Life insurance will cover skydiving as long as there is not an exclusion on the policy for skydiving . This may be in the form of a rider or amendment to the policy , stating that the death benefit will not be paid for death caused by injuries incurred while skydiving . People who skydive can pay extra to purchase policies that cover skydiving . If they already own a policy and it does not have this exclusion , it covers skydiving .


Input: Will Life Insurance Cover Skydiving?

Output: Yes indeed , life insurance will cover skydiving . You must be very careful and approach the right company . Insurance carriers have varying degrees of expertise in underwriting different risks . There are some who are very proficient in underwriting adventurous hobbies in general , and skydiving in particular . Your broker must guide you through a complete prequalification process so that all pertinent details are disclosed . Once an underwriter feels he has been provided with the whole story , he is comfortable in being lenient in his rate assessment .


Input: Who Is Medicare Administered By?

Output: Medicare oversee 's the operation of Medicare programs but does not directly administer the program . When you call 1-800-MEDICARE you are actually talking to a private contractor call center . These are private sector employees . They do not work for Medicare . Similarly , your claims are paid by insurance carriers and TPA 's who are contracted to adjudicate and pay claims .


Input: Who Is Medicare Administered By?

Output: Medicare is administered by the Center for Medicare and Medicaid Services -LRB- CMMS -RRB- . This is a division of Social Security charged with setting the rules and guidelines of Medicare and Medicare related matters . Original Medicare , Medicare Advantage Plans , and Medicare Prescription Drug Plans fall under this umbrella . If you are in original Medicare then Medicare will pay any claims . If you select a Medicare Advantage Plan , then Medicare pays the insurance company to administer the claims .


Input: What Retirement Plan Is Best?

Output: Determining the right retirement plan requires a few critical components in your consideration . First , determine your effective tax bracket rate . Second , what your risk tolerance is for market investments . Third , how much will you contribute annually and how years do you expect do you expect to contribute . Lastly , perform a life expectancy test . Collecting this information can assist you in determining whether you should use a qualified or non-qualified plan as well as an individual plan versus an employer sponsored plan . And perhaps the most critical item : the savings or investment products youll use for your retirement plan .


Input: Where Did Health Insurance Come From?

Output: In the 1920 's changes occurred that tended to increase the role that medicine played in people 's lives and to shift the focus of treatment from homes to hospitals . These changes caused the price of medical care to rise because of : Advances in medical technology Growing acceptance of medicine as a science Development of hospitals as treatment centers Encouragement for sick people to visit physicians and hospitals . Licensing and standards of care In 1929 two doctors Ross and Loos formed Ross Loos Clinic to provide medical care for 2,000 employees of the water department of Los Angeles for $ 1 per month per employee . Ross Loos grew to 29 locations in LA to provide medical care for city employees at a fixed cost per month whether they visited the doctor or not . The precursor to Blue Cross was founded in 1929 by a group of Dallas teachers who contracted with Baylor University Hospital to provide 21 days of hospitalization for a fixed $ 6.00 payment . The Baylor plan developed as a way to ensure that people paid their bills . 1930-1940 : The Birth of Blue Cross and Blue Shield Pre-paid hospital service plans grew over the course of the Great Depression . Pre-paid hospital care was mutually advantageous to both subscribers and hospitals during the early 1930s , when consumers and hospitals suffered from falling incomes . Prepayment plans seeking the Blue Cross designation had to provide subscribers with free choice of physician and hospital , a requirement that eliminated single-hospital plans from consideration . Despite the success of Blue Cross and pre-paid hospitalization policies , physicians were much slower in providing pre-paid care . Blue Cross and Blue Shield developed separately , with little coordination between them . Physicians worried that a third-party system of payment would lower their incomes by interfering with the physician-patient relationship and restricting the ability of physicians to price discriminate . In the 1930s , physicians were faced with two situations that spurred them to develop their own pre-paid plans . Blue Cross plans were becoming popular , and some physicians feared that hospitals would move into the realm of providing insurance for physician services , thus limiting physician autonomy . Advocates of compulsory health insurance looked to the emerging social security legislation as a logical means of providing national health care . Physicians began to organize a framework for pre-paid plans that covered physician services . In 1939 , the California Physicians ' Service -LRB- CPS -RRB- began to operate as the first prepayment plan designed to cover physicians ' services . Open to employees earning less than $ 3,000 annually CPS provided physicians ' services to employee groups for the fee of $ 1.70 per month for employees . The AMA encouraged state and local medical societies to form their own prepayment plans . These physician-sponsored plans ultimately affiliated and became known as Blue Shield in 1946 . Blue Shield plans offered medical and surgical benefits for hospitalized members . Doctors charged patients who were subscribers to Blue Shield the difference between their actual charges and the amount for which they were reimbursed by Blue Shield . That is where health insurance began


Input: How Much Does It Cost To Pay For Your Own Health Insurance?

Output: Great question , Health Insurance cost will depend on a number of factors such as Insurance company , age , height , weight , deductible , etc. . Normally the higher the deductible , the lower the premium . For example , a young female non tobacco with no health issues may cost less than an older male that does use tobacco .


Input: How Much Should Renters Insurance Cover?

Output: Renters insurance is designed to cover your personal property . Determine theapproximatevalue of your belongings including your clothes if there was a total loss in a fire or other covered loss and base the amountyoupurchase on that . Make sure your policy will pay fullreplacementwithout depreciation . It will also cover you for liabilility


Input: Does Life Insurance Check For STDs?

Output: Life insurance applications ask about STD 's but the blood and urine tests do not test for sexually transmitted diseases , per se . If there are abnormal lab values combined with a yes answer about STD 's on the application , the underwriter might order medical records in order to gain more information and find out if the STD is a serious health risk . If not , the presence of an STD will generally not have an effect on life insurance rates .


Input: Does Life Insurance Check For STDs?

Output: Each life insurance carrier will have its own set of standard test that it has conducted by the medical exam company that they work with . To the best of my knowledge every carrier will at least ask about STD 's during the application process . The only way to receive an accurate rate for your policy premium is to answer all of the questions as truefully as possible .


Input: What Is Non-Term Life Insurance?

Output: I believe you mean , non-medical term life . When a policy is non-medical it means that for your age and the amount of coverage that you require there will not be an immediate requirement for a medical exam . The company will ask many questions about your health and will base their underwriting decision on that information . There might be inquiries sent to attending physicians or there might even be a request for a paramedical exam but that is very unusual .


Input: What Is Non-Term Life Insurance?

Output: That is a good question ! I 'm going to guess it 's one of two things , since there really is n't a policy directly named `` non-term '' . The first is Whole life , which differs quite a bit from a term policy , mainly in cost and duration . A term policy ends at a specified point in time , and a whole life policy ends when the insured does . The other answer would be a policy that does not require a medical examination , but relies on your answers on the application , and some checks on your medical history , and pharmacy records . I hope that was what you were looking for , if it 's not , inbox me , and I 'll try to help you further . Thanks for asking !


Input: Which Doctors Accept Medicare?

Output: Most doctors accept and treat Medicare patients . One way to find out if a doctor accepts Medicare is to call and ask . The key question you want to ask is , do they accept Medicare assignment . You can also search online using a search engine such as Google or Bing . You can also find your answer on Medicare.gov


Input: Does Life Insurance Count As An Asset?

Output: Does life insurance count as an asset ? Yes and no , depending on the situation for different purposes . On many financial applications the applicant is asked if they own life insurance and if they have cash values . One place that Life Insurance and their cash values are n't counted that is good to be that way is for FASFA information for college . As FASFA figures out what a family can `` afford '' to contribute for college , they mercifully do n't count cash values .


Input: Does Life Insurance Count As An Asset?

Output: Yes itcan bean asset , especially for Medicaid purposes . For example the state of Ohio counts any life insurance policy with cash values greater than $ 1500 as an asset . Some state vary on how this is treated . Life insurance can avoid probate unless the estate is listed as beneficiary and is protected from creditors however .


Input: Does Life Insurance Count As An Asset?

Output: The face amount of a life insurance policy does not count as an asset ; the cash value of the life insurance policy may count as an asset . Therefore , Term life insurance is not counted as an asset because there is no cash value . If there is cash value built up in Whole or Universal Life , that cash value may be counted as an asset , depending on the situation . If you are the beneficiary of a life insurance payout , the amount you receive usually is not counted as an asset . There are conditions where it might be , but not generally .


Input: What Exactly Is A Life Insurance Dividend?

Output: what is a life insurance dividend ? Dividends are paid out to whole life policy holders of mutual companies . Mutual companies are policyholder owned , there are no stockholders . Dividends by IRS explaination are a return of unused premium and not subject to income tax . A dividend is made up of three things , investement returns . savings from operating expenses and savings from unused funds set aside for death claims .


Input: What Exactly Is A Life Insurance Dividend?

Output: A life insurance dividend is a return of unused premium by a participating whole life company . Some detractors of participating whole life say its a return of over charged premium . Nevertheless the dividend is approved by the board of the mutual company and has many purchase applications like paid up additions for more death benefit , term riders , premium payments , etc. . Dividends can be taken in cash tax free up to basis .


Input: What Exactly Is A Life Insurance Dividend?

Output: Life insurance dividends are paid on par life insurance plans . Most par plans are some form of permanent life insurance but term policies can pay dividends as well . Dividends result from the insurance carrier `` overcharging '' you so any dividend is considered a return of premium and is normally not subject to taxation .


Input: How Does Return Of Premium In Life Insurance Work?

Output: That is a great question ! These policies are about as close to a `` no lose '' policy as you can get . The way they work is that the term policy that you purchase has a built in expense that guarantees that when your policy reaches it 's end date , that you can get back most of the premiums that you paid into the policy over its life . They deduct a fee , usually , and send you a check for the rest . Not a bad deal ! Thanks for asking !


Input: How Does Return Of Premium In Life Insurance Work?

Output: With Return of Premium Life Insurance -LRB- ROP Life Insurance -RRB- , the insurance company charges more than regular term insurance , then invests your money so that they can return your premiums back to you when the term ends . Sometimes you can get back part of the premium if you hang onto the policy for about half the term , and the amount that is returned to you increases until it reaches 100 % at the end of the term . While substantially higher priced than regular term insurance , the return is usually much better than a Certificate of Deposit , and you get the money back tax free . For those who want term insurance but feel that they are throwing their money down the drain , Return of Premium Term can be a good solution .


Input: Who Should Invest In Variable Annuities?

Output: Product suitability is very important in purchasing investments . It is highly recommended that a personal financial profile be performed that includes a risk tolerance assessment , financial goals , timelines to achieve those goals and determine the potential buyers effective tax bracket . All those pre-purchase components should be used in quantifying product suitability .


Input: How Can I Cash My Life Insurance Policy Out?

Output: There are two types of payouts . Death benefits are settled by settlement options . Benefits paid to living policy owners are known as non-forfeiture provisions . There are similar techniques used by both . A beneficiary and a living owner can take the benefit as a lump sum . They can chose to take only the interest on the money , leaving the principle with the insurance company for a later date . They can also elect one of several distribution plans that provide for a limited series of payments to lifetime income for one or more people . Living policyholders can also elect to accept a lower face amount of coverage in a policy that requires no further premiums . They can elect to keep the same death benefit for a prescribed period of time . Companies can have other settlement options .


Input: Can The General Life Insurance?

Output: I was not able to find a General Life Insurance Company . I did find General American Life Insurance which has been bought by Metlife Insurance . Metlife is a good strong company to work with . I would however recommend comparing rates for the type of insurance you are looking for as they will have different features .


Input: How Often Can I Change My Homeowners Insurance?

Output: As often as you like if you are referring to the actual policy . If you are referring to the writing company , you are free to search the market every year . Normally you will see homeowners insurance policies creep up every year . This is because most policies have an inflation guard built into the policy . It is designed to cover the increased cost of construction over time . Typically it is about 3 % -6 % . It can become a hassle to switch your homeowners insurance on a yearly basis because the company will come out and perform an inspection and can cancel the policy if they see something they do n't like . Also , eventually you will run out of companies to switch from/to . I would look to your independent insurance agent for the best advice .


Input: How Often Can I Change My Homeowners Insurance?

Output: You can change your insurance as frequently as you like . However , some companies reward customers with discounts for staying with their previous company for an extended period of time . So if you plan on switching every year to try to save money in the short term , just keep in mind that you may be able to save more in the long term by staying with a company for a little bit longer , and then shopping around . Thanks for asking !


Input: Where Can I Get Cheap Car Insurance For Young Drivers?

Output: Cheap car insurance for young drivers is available ... If you know where to look ! Many reputable insurers offer low down-payments and cheap rates . Shopping for these best offers is best handled by an experienced auto insurance broker with preferably 20 years -LRB- or more -RRB- experience . Not only do we help our clients find the best deals , but our websites offer free information and advice that can often help reduce premiums . There are no fees or charges and taking care of clients is the top priority . Brokers do n't charge fees and we do the shopping so our customers save . That 's not a bad deal ! Try us and let us find cheap auto insurance prices for teenagers !


Input: Which Retirement Plan To Offer For A Small Business?

Output: A qualified defined contribution plan is a good place to begin and the most popular is the 401 -LRB- k -RRB- . The contributions are pretax or tax deductible , the account accumulates tax deferred and some employers actually match portion of your contribution . By offering a 401 -LRB- k -RRB- an employer can attract employees and retain them with this retirement benefit .


Input: My Agent Told Me I Was Covered For Prenatal Care, But Now I'M Pregnant And Found Out I'm Not Covered For Anything Maternity Related. What Do I Do?

Output: If you were missled by your insurance `` professional '' then you can recieve financial indemnification . It does not matter if the information that you were provided was provided in good faith , or if you were intentionally misled . Generally all Life/Health Agents/Brokers must have at least $ 1,000,000 -LRB- per incedent -RRB- in Errors and Omissions Coverage to protect them from this type of situation . The best way for you to proceed would be to contact your State 's Department of Insurance , there should be a toll free number on their website and an option that will direct you to consumer protection and assistance .


Input: Can Life Insurance Policies Be Cashed Out?

Output: If there is cash value , then yes . Just remember that when you cash out -LRB- also known as surrender -RRB- your policy ends and there is no more coverage in place . Also , before you receive the cash , the insurance company may take out surrender fees , especially if you surrender before a certain number of years .


Input: Can Life Insurance Policies Be Cashed Out?

Output: Life insurance policies can be cashed out at any time . When you `` surrender '' a policy , you forfeit the death benefit and remove any cash value that has accumulated in the policy -LRB- less any applicable surrender fees -RRB- . Term policies typically do not have a surrender value . Other policies , such as Whole Life plans will likely have some cash value . It 's also important to keep in mind any tax ramifications that cause your surrender to become a taxable event . Finally , Peggy Mace , who provided her usual factually-accurate response above , is one of the leading life insurance experts in the Midwest .


Input: Can Life Insurance Policies Be Cashed Out?

Output: If by cashed out you mean a permanent cash value life insurance policy -LRB- not term life insurance -RRB- is surrendered , then the answer is yes you can it cash out . But when you cash it out you have no coverage and you might have an ordinary income tax even in the surrender cash values and/or policy loans are greater than your original contributions or basis .


Input: Can Life Insurance Policies Be Cashed Out?

Output: Yes , if you have a Whole Life or Universal Life policy that has cash value built up in it , you can choose to surrender your policy and cash it out . Once that is done , you will no longer have life insurance coverage . If you want to take the cash out of your policy and keep your life insurance policy intact , you can borrow from the cash value or do a partial surrender . Please contact your agent or another agent to assist you with that decision .


Input: Who Can Drive Your Car Under Your Insurance?

Output: All listed divers on your policy can operate your vehicles -LRB- assuming they are on your policy -RRB- . Also , if you give permission to another person to drive your vehicle , and they are licensed and in good standing , they should be covered -LRB- assuming at-fault state -RRB- . If another person steals your vehicle , you are covered for the damages they cause , although the insurer will certainly attempt to recover funds from them .


Input: Does Renters Insurance Cover Foreclosure?

Output: Renters nor any other property insurance is designed to insurance against a foreclosure . I have to assume since you arereferencinga renters policy that you are the tenant and your landlord is beingforeclosedon forcing you to move out.Unfortunatelyform an insurance standpoint there is nothing that can be done and you will have to startshoppingfor a new home . Yourrenterspolicy can betransferredto your new address . I would further discussthesituation with your local agent .


Input: Is A Variable Annuity A Liquid Asset?

Output: That is a great question ! An annuity by its very nature is not a liquid asset . To be liquid , it must be readily accessible , and easily converted . Cash , bonds , or stocks are liquid assets . Your annuity contract will state a specific number of years that you can not touch the funds without incurring fees and charges . While you may be able to withdraw some funds without fees from the annuity , to do so affects the long term returns , and can have a big impact on the profitability of your investment in the annuity . If you would like help , please contact your agent , or drop me a line . Thanks for asking !


Input: Why Do Landlords Require Renters Insurance?

Output: The reason why landlords want insurance is to protect themselves for either property loss or a liability suit . If you are a tenant in a commercial building and a client of yours gets hurt on your premises then that client may potentially sue you . If you have no insurance the client may sue the building owner just because it 's the landlords building even though the tenant may be the party who caused the loss . Same is true for private residences . The landlord does not want to take on a suit because your friend fell down in your home . Now for the record , just because the victim goes after the landlord does not mean you are off the hook as a tenant . If the landlords insurance ends up having to pay a claim you can almost surely bet they are coming after you so my suggestion is carry the insurance . There are way to many upsides and virtually no down side .


Input: Can I Get Insurance On A Car That Is Not Registered To Me?

Output: Not all but some insurance companies will allow you to insure a vehicle that is not registered to you depending on the circumstances . My suggestion is to contact a local independent insurance agent who can shop difference insurance carriers and find the right one who will fit your specific needs .


Input: Why Would You Get Life Insurance On A Child?

Output: In my mind there are two important reasons to consider Life Insurance on your child . First , and this presupposes that you are considering some form of permanent Life Insurance , the cost is lower and the potential for cash value growth is greatest the earlier the policy is purchased . The second reason is to protect the child 's `` insurability '' for the future . Not only will the child have the coverage you bought regardless of what life may through at them , but in many cases , companies offer guarateed purchase riders that enable that young person to buy more coveragelater in life regardless of his or her medical history .


Input: Why Would You Get Life Insurance On A Child?

Output: Excellent and Important Question . Every parent should have life insurance on a child . You can get Whole -LRB- Permanent -RRB- Life Insurance on a Child for very little money , so larger amounts are possible . No you do not expect a child to die you . It has nothing to do with that . It deals with Guaranteed Insurability ! You never know when a child may develop a childhood disease , be in an accident , or develop childhood diabetes . Once that happen , that child might otherwise become uninsurable , meaning they could never get life insurance on themselves . If you gave them Life Insurance as a child , and it was continued , with the guaranteed , locked in very low rate , that child is now able to continue to have life insurance for the balance of their lives . If you also added a rider to add to the coverage , you could even increase the coverage over time , all at guaranteed lowest rates . You need to get together with a reliable Life Insurance Agent who can thoroughly review your entire picture and recommend the best choice of options for you , with a detailed explanation . Give me a call please . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .