Input: Does Homeowners Insurance Have To Be Escrowed?

Output: That is up to your mortgage lender . If they have the requirement of the homeowners insurance premium be part of the amount of monies retained in escrow then you would have to or risk being in breach of contract that could incur penalties from the mortgage lender . To the best of my knowledge most mortgage lenders do not require homeowners insurance to be escrowed .


Input: Does Homeowners Insurance Have To Be Escrowed?

Output: A mortgage company will require that insurance premiums and tax payments be collected in an escrow account if the loan does not conform to certain guidelines . Under those circumstances the decision to allow you to pay the insurance premium yourself rests solely with the mortgage company . Wither the money comes from escrow or a direct payment the policy must be maintained otherwise the mortgage company can secure coverage for the residence .


Input: How Long Can You Wait To Make A Car Insurance Claim?

Output: Immediately ! Call your agent or insurer and get started on that process . Claims can take a while to resolve or they can be resolved quickly . If you have a police report or evidence ready to go as soon as you file your claim , it can often get fixed faster . That said , you can usually submit your evidence after the initial filing . I 'm not aware of any company that wo n't let you submit evidence after filing your claim but there are a lot of companies out there . Long-short of it , file as soon as possible .


Input: Which Is Better Medicare Advantage Or Supplement?

Output: It depends a lot on the person and the specific needs . Here are some of the pros and cons to both . Medicare Advantage - Has little to zero monthly premium so everyone can get excited about that . However , the max out of pocket cost is the big number to understand with these plans . It can be as high as $ 6,700 per year . You also need to make sure you stay within the network and you often times will need a referral to see a specialist . One of the biggest challenges is the benefits and network keep changing every year on Medicare Advantage plans and many folks do not like that . Medicare Supplement -LRB- or Medigap Plan -RRB- - It has a monthly premium , however , the `` out of pocket '' costs can be zero or very close to it . Many find it easier to budget one monthly payment rather than for unexpected illness and out of pocket costs . There is also `` no network '' with a Medicare Supplement so you can go to any doctor or hospital you want . If they take Medicare , they take the supplement , regardless of carrier . In addition , the benefits for a Medicare Supplement Plan are not allowed to change from year to year like a Medicare Advantage plan . If you would like more Medicare information or to compare Medicare plans you can go to our website , SummitMedigap.com .


Input: How Does Health Care Reform Affect Health Insurance Companies?

Output: As Nancy Pelosi informed us , we wo n't exactly know until it all takes effect . The Affordable Care Act is still rolling out and the major changes start in January 2014 . Some things we do know , the insurance companies wo n't be able to decline or charge extra to people with poor health . That will definitely affect premiums for everyone . It will make premiums less affordable for people who were already paying for their own health insurance and DID health qualify . It will require a lot of people to buy health insurance that did n't buy it before . That part will be good for the insurance companies . It has required that they operate on a 20 % margin . This has caused them to tighten up and lay off thousands of salaried and hourly employees . Most likely in my opinion this is an experiment that is doomed to fail . Once it fails , the whole health insurance system will go to a single payer government run system exactly like Medicare . That will be an improvement over this . But it will be very , very expensive on our tax payers .


Input: How Much Is Car Insurance For A 18 Year Old In South Carolina?

Output: There are many insurers who are willing to offer an 18 year old in South Carolina auto insurance . Each insurer will price it 's product differently , so it 's best to talk to an agent who is licensed to sell auto insurance in your state to compare several policies to find out which one is best for you .


Input: Does Edward Jones Sell Life Insurance?

Output: Edward Jones ' motto is `` Making Sense of Investing '' . While many life insurance policies accumulate cash value in a tax friendly fashion and are part of a good financial portfolio , most life insurance policies sold are not investments , but simple protection for the loss of financial resources in the event of death . Kudos to Edward Jones for recognizing the importance of life insurance and for carrying products to meet that need . However , just as Edward Jones 's expertise is in investing , you may find that it takes someone with an expertise in life insurance to find the best life insurance rate for someone with a health condition or other risk factors . It also can help to have the prices of many companies to choose from , to find the lowest price .


Input: Does Edward Jones Sell Life Insurance?

Output: Almost every broker dealer or wire house the size of Edward Jones has registered representatives that are alsolicensedlife insurance agents . Thesefinancialinstitutionsgenerally have access toseverallife insurance companies to give you a broad selection to choose from to meet the coverage needs of your family , business or estate .


Input: How To Evaluate An Investment Advisor?

Output: When you are evaluating an investment advisor or a financial planner , often it comes down to relationships . There are , however , a number items you should check including : - References from clients - Qualifications - Investment philosophy - How they are compensated ? - How are they regulated ? More information is available on choosing your financial planner at WEBSITELINK Remember it is your money . If you have further questions , please do not hesitate to contact me .


Input: Who Offers The Best Homeowners Insurance?

Output: The best homeowners policy is the one that pays the maximum amount allowable when you have a claim . That policy is best purchased from a licensed trusted insurance agent . If you dont have an agent , get a referral from a friend , colleague or neighbor . The trusted agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . The distinguishing mark of a good policy is that the limits are high enough to make you whole in the worst case scenario .


Input: Does Homeowners Insurance Cover Home Improvements?

Output: If you are having home improvements completed just as a regular course of proper home maintenance , then insurance will not cover the cost . However , be sure to check with your Insurance professionalto see if your Homeowners Insureroffers discounts for such things as putting on a new roof or upgrading your electrical , plumbing or HVAC systems .


Input: Does Homeowners Insurance Cover Home Improvements?

Output: Homeowners insurance will cover any improvements that you make to the home . However you will need to call your agent to discuss the improvements so that they can be documented on your policy . Your policy should always have all the correct characteristics documented so there are no problems in the event of a claim . Also you can discuss any potential discounts that may be available due to the upgrades .


Input: When Do I Have To Sign Up For Medicare?

Output: You should sign up for Medicare in the three months before the month of your 65th birthday , the month of your 65th birthday , or in the three months following the month of your 65th birthday . If you miss that enrollment period you can sign up between Jan 1 and March 31 each year .


Input: Can You Be Denied Life Insurance Due To Weight?

Output: Can you be denied life insurance due to weight ? Absolutely . There are many companies who will not offer life insurance to people who have high BMI scores . Extra weight carries extra health risks that may not show for years , but then suddenly appear . Life insurance is math . It is statistics , which can be cold and cruel . Life insurance is a personal product that comes about in a very impersonal way .


Input: Can You Be Denied Life Insurance Due To Weight?

Output: You can certainly be denied life insurance with some companies due to weight , but that does not mean you can not get life insurance at all . There are a handful of companies that do not ask any height or weight questions , so all that matters is that your health fits their guidelines . Whether overweight , obese , or morbidly obese , there are affordable overweight life insurance options out there if you look in the right places .


Input: Can You Be Denied Life Insurance Due To Weight?

Output: Yes you can and generally there are other medical problems associated with obesity . However , Prudential has always been the go to overweight life insurance company . Their underwriting protocols are as benevolent as it gets . Keep in mind that associate items are very important to the main concern of height weight issues .


Input: What Is The Difference Between Critical Illness Insurance And Income Protection Insurance?

Output: Income protection , or long term disability insurance usually is designed to pay a monthly benefit to replace the income lost when someone becomes too sick or injured to work . Critical illness pays a lump sum cash benefit to cover the immediate costs associated with a major illness . Disability insurance is designed to prevent loss of income from not working while critical illness is designed to handle only short term major cash needs to address the medical emergency .


Input: What Is The Difference Between Critical Illness Insurance And Income Protection Insurance?

Output: Critical illness insurance covers the expenditures of a major medical event . The morbidity statistics increase significantly as we age , so covering the probability of critical illness is important . Income protection insurance protects your paycheck by generating income after the elimination period to replace part of your earnings due to a disability .


Input: How Good Is Cigna Health Insurance?

Output: Depending upon your point of view , one could say that virtually all major health insurance carriers are equally good or bad in today 's marketplace . The health insurance industry has been highly regulated at the state level for decades and with the Affordable Care Act we have an entirely new set of Federal regulations for health insurer 's to comply with . So , yes , CIGNA offers excellent services . So , do AETNA , Assurant , Humana , United Healthcare and scores of other options around the nation . Defining how `` good '' CIGNA is versus any of its national competitors is a subjective exercise that means different things to different people . In the new health insurance marketplace of 2014 the informed buyer will have to understand that the insurance carriers have to devise different ways of covering up to $ 6250 in potential financial exposure per person in different plan design configurations and price points . The insurance carriers has to come up with their own ideas as to how to have plan designs that fit into the new `` Bronze , Silver , Gold & Platinum '' allowed by the law . Right now that can translate into some very meaningful benefit plan design differences between insurance carriers and within the same `` metallic ' tier level . You may have one insurance carrier offering only high deductible plans while a competitor may offer some plans with different office visit and/or prescription copayments and yet they both fall within the range of being qualified `` Bronze or Silver '' plan designs . Upon examination they will find that the various carrier 's first attempts at plan designs have yielded results that are often confusing , inconsistent and can be make it even more difficult for the non-insurance person to see the value differences between various carrier 's plans . This is where you start to come to those intersections of Price , Benefits and Network that help drive a person 's buying decision . At certain price points and for certain of their plan design 's overall benefits , CIGNA can offer some of the best coverage for the dollar in today 's marketplace . The are a nationally recognized brand with an large , national provider network and a growing offering of value added programs designed to keep their members healthy or effectively manage the chronically ill . While no one can say that any insurance carrier is the `` best '' in each and every way and every location . CIGNA strives for a consistency across the large number of various insured populations they serve . I can feel comfortable in saying that CIGNA should be part of your consideration in the individual and large group market segments .


Input: What Is Guaranteed Issue Disability Insurance?

Output: A guarantee issue disability insurance policy is a contract where your acceptance is not in question . That is , the policy will not be medically underwritten . If you have pre-existing conditions , it 's a great option . Typically , to cover the excess risk , the rate would tend to be higher for these types of policies vs. underwritten plans . However . often benefits are very rich compared to many other options .


Input: What Is Guaranteed Issue Disability Insurance?

Output: Guaranteed issue can be based on group benefits or a multi life census . Theres also high limit guaranteed issue beyond the traditional limits of group LTD. . Generally group benefits are short term disability insurance . Its important to have disability insurance , so these are significant opportunities to secure guaranteed coverage , especially if you have pre-existing health conditions .


Input: How Reliable Is Globe Life Insurance?

Output: Globe Life Insurance , well known for its $ 1 advertisement for the first month 's premium , is an A + rated carrier . As such , they are financially strong . My issue with Globe is in the small print . The level premium increases every 5 years making it virtually impossible for the insured 's to keep a policy at older ages . Most everyone I speak with about Globe was unaware of this important feature . Buyer beware !


Input: How Are Non Qualified Variable Annuities Taxed?

Output: Non-qualified , tax deferred annuities are tax as ordinary income for all gain in the policy . This includes variable annuities as well . It does n't matter if gain is withdrawn , paid out over a time certain like 10 or 20 years or even annuitized for the life of the annuitant . The gain is taxable .


Input: Can Self Employed Deduct Disability Insurance Premiums?

Output: No , self employed persons can not deduct disability insurance premiums because they are not a medical expense . If the policy is to cover overhead during a disability , the policy could be deducted . But a policy that replaces income , as individual disability income insurance does , is not a deductible expense .


Input: What Is Qualified Retirement Plan?

Output: A qualified retirement plan can be a defined benefit plan or defined contribution plan . The private business sector and individuals generally choose defined contribution plans like 401 -LRB- k -RRB- s , 403 -LRB- b -RRB- s , Roth IRAs and traditional IRAs . Many of these plans fall under the regulatory legislation called The Employee Retirement Income Security Act of 1974 -LRB- ERISA . -RRB-


Input: What Happens If I Stop Paying Life Insurance?

Output: Depends on what type of life insurance you have . In most cases you will lose coverage unless you can reinstate it by catching up on your premiums within a certain time . If you have a cash value policy , there are options you can utilize to prolong or paid off a portion of your policy . There can also be surrender charges and tax implications on policies with a cash value . It is best to talk to your insurance agent about the options and consequences before you lapse your policy .


Input: Is A Stair Lift Covered By Medicare?

Output: Stair lifts are not a covered item under Medicare Part B . Many other types of mobility devices including walkers , wheelchairs , `` scooters '' and bed lifts can be a covered medical expense under Medicare . You may be able to secure assistance in paying for a stair lift if you are a veteran . In some cases you may find assistance through HUD


Input: Will Health Insurance Cover Physical Therapy?

Output: The heart of answering your question is your answer to the following question-for what condition or treatment do you need physical therapy ? Did your health insurance cover that need ? Have you reviewed your insuranc e policy to see what it states the coverage limitations for physical therapy ? Be on the safe side and call your company and ask them the question and they should be able to answer your question


Input: Does Grange Auto Insurance Cover Rental Cars?

Output: It depends on your policy and the circumstances . Rental is something you can add to your auto policy . It is designed to provide you with a rental car if you are involved in an at fault accident . If the accident is the fault of the other driver then generally his insurance would cover the rental . Keep in mind insurance laws differ in many states . Some states are what is called no-fault . This means that neither driver is considered at fault in the event of an accident and each drivers insurance would pay for their own insured . Check with you agent to make sure of the laws in your state .


Input: Will Medicare Pay For Life Alert Systems?

Output: Medicare does not cover medical alert systems , even if you have a doctor 's note / prescription . Most insurance companies wo n't cover them either . Some states may have their own programs that will help provide financial assistance for medical alert systems - certain criteria may be required to be met before the financial assistance can be provided however .


Input: How Much Is The Renters Insurance Per Month?

Output: Insurance is priced for each individual based on their specific wants and needs for coverage . Based on my personal experience within my geographic area I have seen renters insurance start as low as eight dollars per month . If you own an auto and secure both coverages with the same carrier you will more than likely receive a discount on the premium of each .


Input: Can I Deduct Premiums For Long Term Care Insurance?

Output: If you own a Tax Qualified -LRB- TQ -RRB- Long Term Care Insurance policy , the premiums can be deducted up to a certain limit . The instructions provided with your tax return will show the amount of premiums that can be deducted at each age .


Input: What Is New York Life Insurance Company?

Output: New York Life Insurance Company -LRB- NYLIC -RRB- is a mutual life insurance company domiciled and admitted in New York State . They distribute their products primarily through appointed agents . Most of their life insurance products are participating . That means that premium that is collected in excess of the actual cost of the policy is returned to the policy owner in the form of a dividend . Unlike a stock dividend this is actually a return of premium and is therefore not subject to taxation .


Input: What Is New York Life Insurance Company?

Output: NYL Insurance Company is simply an Insurance company providing Life Insurance products along with other supplemental products designed to protect and grow your financial future . I would recommend going to : WEBSITELINK to learn about the company . If you would like to talk about products you can search or request to have an agent call you . Most of the agents are what we call captive , meaning they only represent this company .


Input: What Is New York Life Insurance Company?

Output: Matt is correct . New York Life is an independent national insurance company . We are a mutual company , meaning our policy holders own our company , and we are not beholden to Stock Holders , so we can have lower rates and better service . In addition to Term Policies , we offer our flagship Whole Life Policies , along with Long Term Care Insurance , Annuities , Pension Replacements , College Funding , a variety of Retirement Plans . For details , call a New York Life Agent . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you .


Input: Does Homeowners Insurance Cover Death?

Output: The question is way too ` general ' . More details are needed to provide any type of details . Under the liability section of a homeowners policy there is coverage for an insured for Bodily Injury Liability . If an insured -LRB- as defined by the policy -RRB- is legally liable for the death of another person there may be a valid claim . It could be a civil case or a criminal case and any coverage would be determined by the coverages and perils provided by the insurance contract . The only way to really give a factual answer would entail having a copy of the policy and then fielding the question as per the specifics of the occurrence . There are too many states and too many individual carrier policies to provide any ` pat ' answers to this question .


Input: Does Health Insurance Require Drug Test?

Output: As with all insurance policies qualifying questions are asked in order to determine eligibility . With life and health policies a physical is required to determine the health of the policyholder before the policy issued . These questions will determine rates and premiums . Also follow guidelines and protect from fraud including the protection of policyholder . Mark Taylor Licensed Life Agent All Forms of Life , Health , and Accident Coverage . 347-650-9967


Input: Does Homeowners Insurance Cover Dog Bites?

Output: Yes , the liability portion of your homeowners policy would provide coverage . However , talk to your insurance professional about your policy to be sure that there are not any specific exclusions or limitations that may be triggered due to the breed of your dog . Some companies do limit or exclude coverage in this way .


Input: Does Homeowners Insurance Cover Dog Bites?

Output: Dogs are considered to be under the insureds control and are therefore insured . The insurance company may exclude certain breeds or dogs that have displayed a tendency to bite and may further limit coverage on any dog .


Input: Does Homeowners Insurance Cover Dog Bites?

Output: Dog bites are a big deal these days . We read about them all the time . Most insurance carriers will exclude certain breeds of dogs and others may limit the amount of liability coverage . Always consult with your agent as to your specific breed type to see if your covered in the event of a dog bite .


Input: Which Auto Insurance Is Cheap?

Output: There are many cheap auto insurance policies that can be purchased by customers . The keys to getting the best rates are to let an experienced and dedicated broker shop for the best prices . That 's what we do best , and along with our websites , we save customers money every day . Of course , where you live , the car you drive , your driving record , and other variables will help determine which company offers the very lowest prices . Also importance is selecting liability limits that will protect you in the event of a claim or at-fault accident . It 's critical to maintain the most appropriate bodily injury and property damage coverages .


Input: Which Auto Insurance Is Cheap?

Output: The insurance policy that is in force with adequate limits at the time of claim is the cheapest insurance policy that one can purchase . Premium is not the best criteria . Adequate coverage is the best criteria . That is why it is so important to choose an agent who will listen and carefully advise you on proper coverage . This is crucial when it comes to selecting liability limits . A lawsuit can bankrupt you .


Input: How Much Does Long Term Care Insurance Cover?

Output: A quality long-term care insurance policy from a well-capitalized , highly rated insurance company will include at least the following : Facility careHome care Domestic care -LRB- housework , yard work , cleaning chores -RRB- Assisted living or residential living careAdult Day CareRespite care -LRB- time off for the primary family care giver -RRB- Home modifications so that insured can stay at home for as long as possible , the costs of which are not deducted from the pool of money available for daily care.There may be additional coverage offered by the carrier . Ask to see a `` specimen policy '' for the exact language of the benefits , features , and riders of the policy you are considering . Look for language that takes into account the possibility of future medical or technological advances that may become available but which are not yet known or invented yet . For example , `` assisted living '' facilities were not even available 25 years ago , but , people that bought quality policies before that time with contract language that allowed for future developments in the field of elder care are now in such facilities and being paid for those expenses .


Input: How Much Does Long Term Care Insurance Cover?

Output: The great thing about a good Long Term Care policy is that you can decide on how much of a monthly benefit it will pay you and for how long . For example , you could choose a plan that will pay you $ 5,000 per month for 3 years , 4 years or 5 years . You may decide to adjust the monthly dollar amount up or down to suit your needs as well as the length of the term . The policy should include benefits for home healthcare , assisted living and a nursing home . You should ask if there is an inflation protection benefit with the policy and what the percentage is . This is very important because it will allow your monthly benefit to grow by a certain percentage every year which will help offset the rising costs of care . The amount that you need today on a monthly basis is a lot less than what you will need 20 years from you so want a benefit that will grow .


Input: When Should You Have Long Term Care Insurance?

Output: Most advisers say to purchase Long Term Care Insurance by age 60 ; some say younger . That is because rates are lower when you are younger , and there is less chance of having a health condition that would disqualify you from getting LTC coverage . In general , you should have Long Term Care Insurance if you have sizable assets to protect from going to pay for extended care costs .


Input: What Is Net Asset Value Of A Mutual Fund?

Output: The Net Asset value of a Mutual Fund is the fund 's value per share market value . This is the price investor buy fund shares from the mutual fund company . It is calculated by dividing the total assets of the fund , cash stocks and other securities less any outstanding liabilities by the toal number of shares outstanding . The calculation is done daily based on closing market values . 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 Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community .


Input: What Is Medigap Plan L?

Output: Medicare Supplement Plan L covers benefits in a unique manner than most other Medicare supplement plans , similar to plan K . This plan covers 100 % of the Medicare Part A coinsurance and , after Medicare benefits are exhausted , hospital costs up to an additional 365 days . The insured is responsible for 75 % of the Medicare Part A deductible , Medicare Part B coinsurance/copayment , the first 3 pints of blood , the Medicare Part A hospice care coinsurance/copayment , and the skilled nursing facility care coinsurance . The Part B deductible , Part B excess charges , and foreign travel emergency benefits are not covered under this plan . After the yearly out-of-pocket limit , $ 2,330 in 2013 , and Part B deductible , $ 147 in 2013 , has been met , the plan will pay for 100 % of covered services for the rest of the calendar year . If you want to secure a plan that offers more comprehensive benefits , you may want to look into a plan F , G , C , or N.


Input: Can Car Insurance Be Transferred To Another Car?

Output: Assuming that you mean due to the replacement of your existing car with another , then yes , coverage would be handled as a transfer replacement on your policy . Otherwise , you would have to buy a new policy every time you bought another vehicle or swapped one for another . It is best to talk with your Insurance Professional about the transaction in order to make sure the transfer of coverage from one car to the other is handled properly and without any un necessary delay . If you are replacing an older car that may not have Collision coverage to a newer car where it is either advisable or required -LRB- by the terms of your loan or lease agreement -RRB- then be sure to talk to your advisor about making sure your revised policy will include all of the required coverage . That is also a great time to talk about any and all available discounts .


Input: Can Car Insurance Be Transferred To Another Car?

Output: In the direct sense no , it could not be transferred . In reality what would happen is that the new vehicle would be added to your policy and rated accordingly and the old vehicle would be removed . Your policy number in most cases will remain the same , but your rate may change .


Input: Does Allstate Renters Insurance Cover Moving?

Output: Renter 's insurance does not cover the cost of moving . In the event that you had to leave your rental property due to something like a fire or flood , insurance can cover the cost of temporary housing for a short period . You can call your local agent or Allstate to ensure your policy includes this coverage .


Input: What Is A Private Retirement Plan?

Output: A private retirement plan can come in many forms . Private retirement plans differ from what is referred to as a qualified pension in several regards . There are usually no forms to be filed , contributions to the fund are not tax deductible but the accumulation inside the plan normally is not subject to current taxation .


Input: Does Health Insurance Cover Assisted Living?

Output: As + Larry Gilmore indicated , assisted living is not normally a medical necessity . In some cases , health insurance policies will pay for care in a nursing home or intermediate care facility if the admission follows a hospital stay and the individual is admitted to the facility due to a medical necessity . Health insurance plans may also pay for home health care if there is a medically justifiable condition .


Input: Does Health Insurance Cover Assisted Living?

Output: Not usually . Medical insurance provides coverage for immediate or preventative medical needs . Assisted living is not a medical condition . Long term care insurance is what is used to pay for an assisted living location . Long term care insurance creates a pool of money to pay for the expense of services provided by an assisted living facility .


Input: Does Renters Insurance Cover Damage To A Rental Property?

Output: Under the Liability portion of your policy , if you damaged the rental property in which you are living , and are held legally liable for that damage , then you would have coverage . This is one of the primary reasons that building owners and landlords may require that you show proof that you have a Renters Policy as a condition of your lease .


Input: Does Renters Insurance Cover Damage To A Rental Property?

Output: It may . Some renters insurance like homeowners insurancedo provide some limited coverage for property that you rent . Remember ever policy is different . Please read your policy completely to understand the coverage offered and any exclusions that there may be or contact your local agent to have them go over teh policy with you .


Input: How Often Do You Pay Home Insurance?

Output: How often you pay home insurance is really up to the insured . You can pay annually or monthly and often anywherein-between Another option is having the payment set up in an impound with your lender who will make the annual payment for you . Consult your local agent on the options available to you .


Input: What Does Suze Orman Say About Long Term Care Insurance?

Output: `` No well-planned retirement should be without long term care -LRB- LTC -RRB- insurance . It is the very cornerstone of retirement security . '' - Suze Orman . Suze addresses LTC describes how to safeguard your financial future . This is one of the few areas Suze and the insurance industry agree on something .


Input: What Is Life Insurance Return Of Premium?

Output: Life insurance is mathematics . If people object to paying the premium , by increasing the premium you can collect enough extra money that with compound interest you can return the deposits in full at a future time . The value is all in the eyes of the customer .


Input: What Is Life Insurance Return Of Premium?

Output: Return of premium as a concept varies depending on the type of life insurance product with which it is associated . Return of premium term policies , once very popular , provide that the sum of the premiums paid over the level term period are provided as a cash value in some manner at the end of the term period - usually 30 years or less . In recent years , the premiums for these products have become quite expensive so they have fallen out of favor . When return of premium is associated with universal life insurance products , it is generally considered to be `` death benefit option 3 '' . In other words , the death benefit payable is always the initial specified amount plus the premiums paid to date . No all universal life products offer this feature . There are a few newer universal life products that are priced closer to term than permanent insurance but give some percentage of the premiums paid at key future milestones such as year 20 or 30 in as an optional cash surrender value .


Input: What Is Life Insurance Return Of Premium?

Output: Term life insurance `` return of premium '' -LRB- ROP -RRB- policies will return all the premiums you paid in if you keep your policy until the term ends . There often is a point about halfway through the policy where the insurance company would return a percentage of premiums paid , if you dropped the policy at that time . This percentage gets higher until the end of the term . Premiums are higher for this type of policy , and if death occurred while the term policy was still in effect , the regular death benefit would be paid . The value to this type of policy is if you outlive the term . The return is tax free and can be a good choice for people who want to get something back from what they paid in .


Input: Is Life Insurance Paid In A Lump Sum?

Output: Life insurance proceeds can be paid in lump sum . In fact , it is the most popular method of paying a death benefit . I base that statement on 32 years of experience in the insurance business . Typically , it is a tax-free benefit although a full-time broker or financial adviser can review additional ramifications . Money market funds are popular automatic destinations for the initial payment . You can have your funds deposited in many different options by the insurer , Your adviser is a great resource to review them .


Input: Is Life Insurance Paid In A Lump Sum?

Output: As a Payment : Life Insurance is rarely paid in a lump sum , generally on an automatic monthly draft from the policy owners bank checking account . Thats not to say that you cant pay a single deposit , its just not the most popular form of payment . You have other payment options as well such as quarterly , semi-annual and annual premium billing . As a Claim : Life insurance is paid in a lump sum , but can be paid out on an amortized schedule .


Input: How Does Single Premium Life Insurance Work?

Output: Single premium life insurance , in simple terms , means you make a one-time payment . If designed properly , the life insurance coverage will last an entire life . You can make this single payment through traditional methods such as a check or even by combining the cash value of other existing life policies . The typical purpose is to maximize the death benefit while eliminating future payments . The typical design of these policies is not favorable to accessing cash value once the payment is made . However , arecent trend has been to combine this single premium method with a rider that allows the owner to access the death benefit while the insured person is alive should a need arise to cover a home healthcare expense . This strategy provides more flexibility to the standard payout upon death .


Input: How Does Single Premium Life Insurance Work?

Output: Single premium life insurance involves paying one premium and no more while having life insurance coverage for life . It will be a modified endowment contract for tax purposes meaning it still has favorable tax treatment on the death benefit but annuity-like treatment on cash values . You do n't want to use single premium life if you plan to accessing cash value later . There are a wide variety of product types and different reasons to use them . A popular method within a narrow niche is to buy single premium life instead of an annuity if you are unlikely to need to access it for income in retirement as that the tax treatment and value of the asset at death will be more favorable . Another is to buy a single premium guaranteed universal life policy and fund with a single premium . The only issue is that reserving changes and low interest rates have impacted insurers so severely , this is an inefficient method of estate liquidity funding . Level pay guaranteed universal life is far better .


Input: How Much Is Renters Insurance For A House?

Output: The cost for your renters insurance depends primarily on the value of contents -LRB- property -RRB- you have in the house you are renting , and to lesser degrees , the personal liability limit and property deductible you choose . As general rule of thumb , the cost is about 1 % of the value of your contents . So , for example , if you have $ 25,000 of contents in the home , you can expect to pay somewhere around $ 250 for an annual renters policy .


Input: Is Converting My Term Life Insurance Policy To A Permanent Life A Good Idea?

Output: Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money The Name of The Game . I 'm answering questions from insurancelibrary.com today , and here 's our question : is converting my term life insurance policy to a permanent policy a good idea ? Well remember , most people buy their term insurance because they 're buying it for a time certain event 10 years , 15 years , 20 years . Sometimes life changes and all of the sudden liabilities and obligations that I thought were going to be terminal now become permanent . I want to make sure when I buy my term insurance contract that I have convertibility and that that convertibility allows me to go to a really good permanent portfolio , so all of the sudden if I need to change and I need to make a maneuver , I may have to convert my term to perm because my obligations and liabilities have changed . That 's why you need to look at a good term contract that has convertibility options and a good window to convert to a good quality permanent policy . Well , that 's our consumer quest ion for today . If you have any questions just submit them to www.insurancelibrary.com .


Input: Is Converting My Term Life Insurance Policy To A Permanent Life A Good Idea?

Output: Yes . Do it as soon as you possibly can . Term is only temporary coverage , for a lower rate at first , but it can go sky high eventually . The sooner you convert , the sooner you can lock in your premium for your life time . And gain many other benefits that permanent can offer , such as tax free cash back . See your agent . GARY LANE . garylane@cox.net . 714 422 9616 . Thank you .


Input: How Much Does Level Term Life Insurance Cost?

Output: There 's many factors that go into the premiums for life insurance to say what a policy costs - it will be different for every person as we each have our own specific needs . The premium for a policy will depend on the insured 's age , amount of coverage they want , how long they want the coverage for -LRB- for term insurance - 10 , 15 , 20 , 25 , or 30 years -RRB- , their riskclassification -LRB- determined by your medical history -RRB- , and whether they ` reapplying with full underwriting or non-medical term coverage . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please keep in mind - every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Non-medical term life insurance policies will almost always cost much more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an experienced life insurance broker to determine what coverage is appropriate/suitable for your needs and budget . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: How Much Does Level Term Life Insurance Cost?

Output: There is no one set cost to level Term Life Insurance . However , a rule of thumb is , the longer the term , the higher the premium . That is because the insurance companies average out what the policy would cost at your starting age , and the cost of insurance for the ending age of the term policy you chose . If you took out a 10 year Term policy at age 35 , the policy will end -LRB- or the price will go up drastically -RRB- at your age 45 . Mortality rates are not real high at age 45 , so the premium will be relatively low . If you locked that premium in for 30 years , the policy will end at your age 65 , which is when mortality rates are much higher . Therefore , the premium will be higher . However , the premium you have locked in is based on your health at age 35 . And that can make it be a very good deal .


Input: How Much Does Level Term Life Insurance Cost?

Output: The cost of level term life insurance will vary according to the face amount of the policy , the term length -LRB- generally , the longer the term , the higher the price -RRB- , the gender of the person being insured -LRB- men 's rates are usually higher than rates for women -RRB- , the age of the Insured -LRB- the older the applicant , the higher the price , generally speaking -RRB- , whether the person smokes , and the health of person applying for life insurance . You can go to a website that has a quote engine that takes all those factors into account , to see what the most competitive prices are for you .


Input: How Much Does Level Term Life Insurance Cost?

Output: There is no one answer for everyone on this question . The rate you pay will depend on your age , gender , smoker status , health history , amount of death benefit and the length of time you want the level rate to be in effect . Your independent insurance broker can help you shop for the best rate that you qualify for .


Input: How Much Does Level Term Life Insurance Cost?

Output: Level term life insurance pricing is dependent on 3 factors : 1 . Age 2 . Health 3 . Duration of the policy 's level premium Because these three factors can vary widely , you 'll need to review quotes specifying your age , a rough idea of your health , and desired level term period in order to obtain a better idea on pricing .


Input: What Is A Medicare Crossover Claim?

Output: Medicare crossover claims occur when you have original Medicare and a Medicare supplement , also known as Medigap . When you see a medical provider -LRB- doctor , lab , hospital , clinic , etc -RRB- and have original Medicare your provider files your claim with Medicare . Once Medicare completes the adjudication process and approves the claim they transmit it to your Medigapp carrier by way of crossover .


Input: What Does Disability Insurance Provide?

Output: Simply put -- disability insurance provides paycheck protection . Should you become sick or injured and are unable to work , it provides a monthly benefit to take the place of your income . It provides families with stability , and at the same time , it can offer a business peace of mind in knowing that it can still function if a key person is disabled -LRB- in regard to Key Person/Man DI -RRB- .


Input: What Does Disability Insurance Provide?

Output: Disability insurance can provide you income in lieu of lost wages because of a disability . The disability insurance benefits can be up to 60 % of your compensation or if you deduct the disability insurance in a business scenario , it covers up to 80 % of your compensation , but its taxable income to you .


Input: What Does Disability Insurance Provide?

Output: what does disabilty insurance provide ? Replacement income . Disability insurance simply provides a check every month so you can continue to pay your bills , buy your groceries , pay for your gas and pay your copays and deductibles , just to mentions a few things that a disability insurance check provides for .


Input: How Much Does Medicare B Cost Per Month?

Output: Medicare Part B premiums are based on your income . For most people , your Part B premium is $ 104.90 per month for 2013 , but high income earners could pay as much as $ 335.70 per month . If you do n't sign up for Part B when you are eligible , you may have to pay a late enrollment penalty . Your Part B will have a $ 147 annually deductible and a 20 % co-insurance . The important item to remember is that 20 % co-insurance has no limit .


Input: Does Car Insurance Go Up After A DUI?

Output: It is safe to assume that if you are charged and convicted of a DUI violation , your insurance premiums will increase as a result . Different states and insurance companies may handle this differently , but this is considered by the auto insurance companies to be a major violation . Here in CT , major violations remain on your record at DMV for 5 years . In cases where this may not be the first such violation , states may suspend your drivers license either for a time certain or until such time as you successfully complete a driver retraining course . Such a suspension may actually result in your auto incurance being cancelled . Be sure to have an in depth conversation with your Insurance Professional about your particular situation .


Input: Does Car Insurance Go Up After A DUI?

Output: Great Question . Car insurance will go up after a DUI it might be up to % 100 increase in insurance pemium . Some companies will also drop your insurance if you get a DUI or DWI it all depends on your insurance company . Good luck and stay safe while driving your car .


Input: When Do I Get Long Term Care Insurance?

Output: When do I get long term care insurance ? Usually people should start considering the purchase of long term care coverage from about 55 on . You can purchase it sooner and the price may be a bit lower , but most people start to see how their assets are going to line up as they go into retirement in the next decade or so . Long term care should be part of planning in most people 's portfolio .


Input: What Is Hazard Insurance Policy On A Home?

Output: A hazard insurance policy is more often referred to as homeowner 's policy or property insurance policy . The term ` hazard insurance ' was commonly used to describe the coverages provided in the policy , in bygone days . Today , we most often hear of the coverages as those under a homeowner 's policy . Less frequently but fairly often , you may hear of ` property insurance ' . However , the policy covers more than just property so this term really does n't properly describe the policy . However , all three terms really mean the same thing . The homeowner policy provides reimbursement to the policyholder for damages from many natural perils , like fire , wind , and theft . It also provides some liability related coverages .


Input: What Company Has The Cheapest Life Insurance In Wisconsin?

Output: The cheapest life insurance in Wisconsin varies according to who is applying . For someone who is young and perfectly healthy , there are many companies that offer rates within cents of one another , with SBLI often coming out lowest . When a health condition is involved , you can not just look at price ; you have to look at how the company will rate you . Different carriers have the cheapest rates for those with diabetes , MS , heart disease , etc. . And a whole other set of companies has the best rates for older persons looking for final expense policies . To find the cheapest rate for you , contact an agency that is contracted to sell life insurance in Wisconsin and give them your health details . You can start by using an online quoter that allows you to enter some health details and then call that website , if you like . That way you will be sure to get YOUR cheapest life insurance rates in Wisconsin .


Input: What The Difference Between Mutual Funds And Annuities?

Output: There 's a big difference between the two . A mutual fund is an investment vehicle operated by an investment company which pools the assets of many individuals . The money raised is then invested in accordance with pre-defined goals . Money market funds : These funds invest in a variety of short term , money market debt such as Treasure bills or commercial paper . Growth funds : have an emphasis on long-term capital growth , usually through investment in common stock . Income funds : Focus on providing high , current income , using bonds and other income producing securities . Balanced funds : strive to provide income and long-term capital gain . Both stocks and bonds are used . Keep in mind that mutual funds have risk and you can lose money.Non-qualified tax deferred annuities have basically three crediting methods : interest rate crediting , indice crediting and separate sub account crediting . Interest rates are generated by the companys predominately government bond portfolio . Most indexed annuities invest their interest rate returns in domestic and foreign index options . Some indexed annuities that credit zero in a given year , still charge policy expenses and which could result in a loss . Variable annuities use equity and bond instruments in their separate sub accounts selected by the variable annuity owner . These separate sub account allocations are subject to market risk , i.e. you can lose money .


Input: Why Buy Long Term Care Insurance?

Output: You should purchase long term care for your retirement years . The statistics are significant that youll experience a need for assisted living or perhaps nursing home confinement . The average married couple spends $ 250,000 on medical and extended care during their retirement years . Securing long term care is important , especially when you 're healthy and heading into your late fifties , early sixties .


Input: Why Buy Long Term Care Insurance?

Output: 70 % of people who are 65 years old will need to use some type of long term care in their lifetime . And , as they age the likelihood of needing long term care will increase . The cost for this care is very expensive and it is not covered by conventional health insurance - commercial carriers or Medicare . This is because our health care system is geared to acute care not long term care . According to the 2015 Genworth survey the national average cost for a semi-private room in a nursing home is about $ 80,000 . More , for a private room . Home Health care costs average $ 20/hour . These expense arise when most people are living on a fixed income with little room for added expenses . Especially , unplanned ones . Baby boomers have not been great at planning for retirement . One year of long term care can ruin someone 's retirement plans . This is what happens in many cases ; families deplete their assets and end up qualifying for Medicaid -LRB- aka Welfare -RRB- to pay for long term care expenses . The question people need to ask themselves is when the need for long term care arises , will they have the money to pay for this care ? This is what long term care insurance can do for them . Insurance is the only financial vehicle that promises a specific amount of money at a point in time . There is no other . Even though this can be an expensive premium , depending on the age at which the policy is purchased , compared to the benefits paid , it is worth the outlay for most people . Not only because it will help pay the bills . Long term care insurance policies offer additional benefits that most people are unaware of . Most importantly , all carriers offer optional care management to assist with the difficult decisions about care , choosing facilities and offering discounts on major providers of care . Many times families need someone to discuss options with who is educated about all the options available and is n't emotionally involved with their situation . This is where the care manager can be of tremendous help and the family does not have to go to the expense of hiring a geriatric care manager . The policies will also pay for modifications to be made to the home to keep the person at home rather than moving them to a nursing home .


Input: Why Buy Long Term Care Insurance?

Output: Statistically , nearly everyone will at some point need some type of care in their lifetime . As we get older our health declines . We are unable to do things for ourselves . The cost can be tremendous . Nursing Home average cost is between $ 6000 and $ 7000 . Cost for Assisted Living runs around $ 4000 . Home Health Care runs between $ 15 and $ 20 per hour . Medicare is very limited on what they will pay and does not pay for custodial care . The options , the family can try to care for the loved one . While many families try to take care of their loved one at home , the burden can be great , especially if the family has children in addition to caring for a loved one . Very often the situation is so bad it becomes nearly impossible without help . You can private pay for help either at home or a care facility , but it does n't take a mathematician to figure out that any assets would be rapidly depleted leading to the final option , go on Medicaid . Long Term Care provides funds to pay for care without having to lose everything you have worked hard to provide and the legacy you wanted to leave behind for your children and grandchildren . It relieves the burden and embarassment of having our personal needs taken care of by family members . Anyone who has ever been a caregiver knows how hard it can be . Why buy Long Term Care Insurance ? Because you love your family !


Input: Why Would I Need Life Insurance For My Kids?

Output: Life insurance is never cheaper than when you are young . And you can lock the rate in for the rest of their life . That is a great reason to start coverage when you children are young . It also gets a great head start on accumulating cash value , as their wealth starts accumulating over that many more years . GARY LANE , garylane@cox.net, 714 422 9616 . Thanks .


Input: Why Would I Need Life Insurance For My Kids?

Output: I am a licensed funeral director as well as a life insurance agent . I 've seen several families go through this . Most families only think of funeral and cemetery expenses . But the bigger expense for you is the time you need away from work to recover from the loss of your child . Everyone handles grief differently . But you do n't want to go broke right when you are grieving the loss of a child just because you can not work to your full capacity for a while . Also keep in mind that even if you plan to just use direct cremation with no funeral or cemetery expense , people rarely follow through with that when they lose a child . Leave yourself options in case you want something more . Cremation is a great option when it 's what you choose . It 's not as good if it 's forced on you due to finances . And if for no other reason , it only costs pennies to insure healthy children .


Input: Why Would I Need Life Insurance For My Kids?

Output: Several reasons , some pretty straight forward and some you may not have given thought to . First is the misfortune of losing a child . What will you do ? Will you need time ? Will you need money to purchase the things you and your spouse want to for the child ? Can you turn to your spouse and say `` No , we ca n't aford that headstone , let 's get something cheaper . '' ? While it is easy to have an answer when not faced with the situation . It 's another thing to live through losing a child . Now for the positive . Locking permanent life insurance in for a child gives them the best price at the lowest cost when they are in the best health . The opportunity to build cash values over a long period of time is pretty good . The other thing you can do with a child 's policy is buy future insurability options where your child can increase their insurance later in life without medical underwriting at the same class . What these future options do is `` take away '' an insurance company 's ability to say `` no '' to your child later in life when maybe their health is not so good . This feature alone is more valuable than most imagine . I have insurance on my kids , never thought of a good honest reason not to provide it for them . It covered them while they grew and gives them a headstart as adults . It 's a positive thing to do .


Input: Why Would I Need Life Insurance For My Kids?

Output: A child is not an economic unit . Quite the opposite , however , the loss of a child can have a financial impact on the family . This is rarely the motivation for the purchase of life insurance on a child but if you drive the city streets often you will see people asking for donations to help bury a child . It is sad but it does happen . Most people who purchase life insurance on a child are trying to secure coverage for a lifetime at an early age in order to set a very low premium for the coverage and to avoid the possibility that the child might become uninsurable in the future . My brother became uninsurable at about age 22 . This is an issue that concerns many . Life insurance plans are often seen as savings vehicles to accumulate money for future requirements . It is probably not the best way to save money for a college education but it does provide a systematic way to set aside money and for that money to grow free of current taxation . The life insurance policies available to children often have a rider that allows the child to purchase additional life insurance at specific times in the future without proving evidence of insurability . This can be extremely important .


Input: Why Do We Have To Buy Health Insurance?

Output: The PPACA or better known as Obamacare is a mandatory federal program where all Americans are to participate or pay a penalty . The program begins in 2014 . All Americans will participate in Obamacare , but not all will pay the full premium or may not pay at all based on means testing . The middle class may receive some credits to offset the premium , but for many low or no income Americans , theyll simply pay nothing . Keep in mind that almost half the country does n't pay federal taxes , so any short fall generated from Obamacare will fall to federal tax payers .


Input: Does Car Insurance Cover Arson?

Output: Fire damage to a car is covered under the comprehensive portion of the auto policy , subject to the deductible and the current value of the car . If the responsible party is known , the insurance company will endeavor to collect the dollars paid on the claim , including the deductible . If the car 's owner is found to be the culprit , do n't laugh , it happens , the claim will not be paid or will be recovered , and the owner will be subject to criminal prosecution for insurance fraud .


Input: What Is The Purpose Of The Centers For Medicare And Medicaid Services?

Output: The purpose of CMS -LRB- Centers for Medicaid and Medicare Services -RRB- is to achieve a high quality health care system with the idea of providing better care at lower costs for all Americans . The program covers 100 million people through Medicare , Medicaid , Children 's Health Insurance Program and the Health Insurance Marketplace .


Input: Can You Get Health Insurance Just For Kids?

Output: During open enrollment , or if you have a QLE -LRB- Qualifying Life Event -RRB- plans under Obamacare -LRB- Affordable Care Act -RRB- allow for children only plans . Many providers available outside of Obamacare also have plans which can be obtained for children only . The plans and providers differ from state to state so it would serve you best to contact a qualified insurance broker that can provide you with options from different companies .


Input: Does Car Insurance Go Up Every Year?

Output: Well sometimes it seems that way but no , auto insurance does not go up every year . If an insurance provider has a rate change this change would effect everyone in that state . These adjustments occur occasionally to keep the insurance company profitable so they can pay out claims . Other then that things that effect your rates are driving record , location , types of vehicles , age , marital status , sometimes occupation and education and even credit . Always discuss with your agent when you can do to keep your rates affordable while maintaining the proper coverage 's .


Input: What Company Is The Best For Homeowners Insurance?

Output: There is no `` best '' company for your homeowner 's insurance . There are dozens of very reputable carriers such as Liberty Mutual . Esurance , Geico , USAA , Allstate etc. . . The key is ... what company is best for you . As experienced brokers , our job is to shop , compare and educate you regarding the best rates , offers and overall coverage of policies that serve your interest s the best .


Input: How To Switch Homeowners Insurance?

Output: If you decide to cancel your existing homeowners policy and purchase coverage with another company there are some simple steps to follow . The company that will assume coverage should issue a binder or evidence of insurance . You should send a copy of that to the mortgage holder , if there is one . You should provide your former company with a cancellation notice , either formally or informally . Under most circumstances the previous insurance company will charge a pro-rata cancellation , charging you only for the days that they provided coverage . The new policy has a start date which will normally be the anniversary of future renewals . The lender though is the key and must know what is happening . You have an obligation to keep the property covered and they have a right to secure coverage if they discover that there was any period during which there wasnt the prescribed coverage .


Input: Do You Need A License To Sell Life Insurance In Illinois?

Output: That is a great question ! Every state requires an agent that wishes to do business in their State to be licensed , so the answer is yes . You can be licensed in several States , but you have to do them individually , and pay the requisite fees for each . Some may require testing , others wo n't . I hope that helps , thanks for asking !


Input: Do You Need A License To Sell Life Insurance In Illinois?

Output: Yes , to sell life insurance in Illinois , you do need a license . If you are not working with variable products , a life insurance license offered through your state 's Dept of Insurance is sufficient . You will need to study for it and pass a test in order to get a life insurance license in Illinois .


Input: Is 401K Qualified Or Nonqualified?

Output: For a pension plan to be Qualified it must comply with the Internal Revenue Code -LRB- IRC . -RRB- Employer sponsored plans that provide for separate employee accounts can qualify under section 401 -LRB- k -RRB- of the IRC . Retirement plans do not need to be qualified but to obtain a reduction in current income tax , they must be qualified . An Individual Retirement Account is qualified under the IRC .


Input: How Much Does It Cost To See A Dermatologist Without Health Insurance?

Output: The cost of seeing a dermatologist without health insurance could cost between $ 50 and $ 500 , depending on tests that are performed , the cost structure of the physician , the area where you live , and what special offers the physician gives to consumers without coverage . You can always ask in advance and ask if there is a `` break '' since you are not covered .


Input: When To Put Baby On Health Insurance?

Output: You should add your newborn to your health insurance policy within 30 days of birth . Most policies will automatically cover any newborn baby during those first thirty days . Many children are born with health issues that require ongoing care . If you add your child during the thirty day period there will be no interruption in coverage . Birth of a child is a qualifying life event . This means you can change your plan outside of open enrollment . However if you wait too long you may have a gap in coverage until the next open enrollment period arrives .


Input: What Does Critical Illness Insurance Cover?

Output: Critical Illness Insurance covers serious illnesses that have the potential to be life threatening . The main ones are heart attack , stroke , and cancer . If cancer is in very early stages , the policy might not cover it , or may cover it with a reduced benefit . Other illness that may or may not be covered by an individual plan are coronary bypass surgery , major organ transplant , Alzheimer 's Disease , blindness , deafness , Parkinson 's , Multiple Sclerosis , paralysis , and kidney failure .


Input: What Does Critical Illness Insurance Cover?

Output: Critical illness insurance is a special kind of health insurance policy . Once referred to as `` dread disease '' plans , someone finally wised up and decided to give them a different name . CI policies come in two flavors . One is a health insurance policy , the other is a rider to a life insurance policy . The policies normally pay a predetermined lump sum amount upon first diagnosis of a list of illnesses including cancer , heart attack , stroke , etc. . Read your policy carefully . Some are quite good but most are a waste of money .


Input: What Does Critical Illness Insurance Cover?

Output: Critical illness policies cover as many as 15 or so different kinds of illness . Most critical illness plans pay a lump sum cash benefit on first diagnosis provided you meet the terms of the policy . In evaluating critical illness plans read and understand the definitions and make sure you buy a health based plan .


Input: What Does Critical Illness Insurance Cover?

Output: Critical Illness Insurance is a form cash indeminityhealth insurance that covers Heart Attack , Stroke , Renal Failure -LRB- Kidneys -RRB- and Cancer . Many times , and with the rising incidenceof these suddenillnesses ; can be a heavyburden on the financial regards of the family . Work , or career is interruptedwhich is a heavyburden on the family finances . Bills have to be paid , and there is no steady stream of income available and available income is drained for the treatmeant of these ilnesses . A Critical Illness Policy willprotect you from thisburden also wllgive you lump sum tax free cash for thetreatments of the illnesses . Some companies offer differentpolicies in different forms of payments and at low premiums . Different lump sum plans to help with the treatments and even contribute to paying the bills . There are even accident plans that pay per diem .


Input: Will I Lose My Health Insurance If I Get Divorced?

Output: During a divorce the person listed as a spouse on the health insurance plan has the option of continuing group coverage under COBRA . The premium costs are often much higher for this option , as the employer contribution and pretax payroll deductions by the employee are lost . It may be more affordable to purchase a policy through a state exchange . There may be premium and cost sharing subsidies based upon income .


Input: Does Home Insurance Cover An In Ground Swimming Pool?

Output: A swimming pool is other structures or coverage B on your homeowners policy so there is coverage . However the coverage would have to be a peril of the policy such as fire , wind , smoke explosion , theft , vandalism to name a few . Wear and tear , cracking or pool equipment break down are not perils of the policy and there would not be coverage . Consult your local agent for more specifics of your policy .


Input: How Does A Spouse Qualify For Medicare?

Output: Whether a spouse is qualifying for Medicare based on their own employment history , or on the employment of their husband or wife , the spouse must be age 65 to receive Medicare . A spouse might also qualify for Medicare before age 65 by being disabled for two years , having ALS , or having ESRD .


Input: How Does A Spouse Qualify For Medicare?

Output: A spouse may qualify for Medicare in his or her own merit by satisfying the work and legal resident requirements . If your spouse can not qualify on their own , they can meet eligibility requirements based on your work and residency . Your spouse must have been married to you at least 1 year before applying .


Input: Does Medicare Pay For Long Term Care Insurance?

Output: No , Medicare does not pay for Long Term Care Insurance . LTC insurance is a private policy that you purchase on your own , although a Partnership Long Term Care policy does work with the state and federal government to protect your assets in case you need an extended long term care services .


Input: Why Is American Car Insurance Cheap?

Output: That is a really good question , but begs the question - compared to where ? There are probably a great many people here that would complain that their insurance is too expensive . Where are you comparing the price here to ? And if I misunderstood your question , and you are asking why insurance on American made cars is so cheap , maybe the answer lies in the sticker prices and repair costs of the foreign models . Thanks for asking !


Input: Will Medicare Pay For A Lift Recliner?

Output: Medicare will only pay for medically necessary durable medical equipment prescribed by a doctor . Unless there is a very unusual circumstance , I do not see medicare approving a recliner . In most cases I would say the answer is no to your question . I took care of two elderly parents , both of whom need lift chairs . Medicare would not pay for them .


Input: What Is Better Term Or Whole Life Insurance?

Output: What is better for the person buying the life insurance policy , depends on the need for which the person is buying the policy . If the need is temporary and the applicant is on a limited budget , Term insurance can be a cost effect way to meet a temporary need . Whole Life is excellent for final expense , business succession , and estate planning purposes , because it is sure to be there at the time of death , which is when it is needed .


Input: What Is Better Term Or Whole Life Insurance?

Output: It depends if your financial liabilities and obligations are temporary or permanent . Term life insurance generally covers a time certain period where financial exposure exists for the beneficiaries of the policy insured . But that exposure can be ongoing well into retirement and sometimes have estate transfer consequences that can impact heirs . That 's when you need permanent life insurance .


Input: How Many Beneficiaries Can Life Insurance Have?

Output: You can have as many beneficiaries as you wish on a life insurance policy . The primary beneficiary is the first to receive the money , and this can be one or more persons . The death benefit can be divided equally or divided as you choose . If all the primary beneficiaries are deceased , the death benefit will go to one or more contingent beneficiaries .


Input: What Is Disability Mortgage Insurance?

Output: Disability mortgage insurance is traditionally a payment provision to a mortgage loan that pays the monthly payment when due if the borrower who opts to have the coverage is sick or hurt and unable to work under the provisions of the coverage . Alternatively , some people can purchase specific products that cover mortgage payments , or at least make the amount of the mortgage payment available as a disability income benefit , if the insured become sick or hurt and is unable to hurt . This coverage is bought to ensure that mortgage payments are paid when the borrower can not work to earn money to pay the mortgage .


Input: How To Buy Life Insurance Wisely?

Output: I always advise that before shopping for insurance that you do a little preparation first . Take a good look at your monthly budget , and see what you can safely afford to spend . Then look at what you want that coverage to replace - is there a mortgage , a salary , college educations , etc. ? Once you have some basic ideas , then you can seek out an agent that can help you . Ask trusted friends and family who they used , and if they are pleased with the service they are receiving . If you have more questions , or would like more information , please hit the `` contact me '' link on my profile .


Input: How To Buy Life Insurance Wisely?

Output: To buy life insurance wisely , I agree with Jason ; find a broker you can trust and work hand in hand with them to arrive at the best policy for your needs , at the best price for your age and health . It helps to know what you are looking for , but sometimes your best choices do not match up with what research suggests . That is because life insurance is a highly individualized purchase . Your needs and your health factors make a huge impact on what will work best for you . Only a broker who is honestly looking out for you , and who has access to a number of choices , and knows how to discern which you will qualify for , can help you sift through it all to make a wise decision .


Input: How To Buy Life Insurance Wisely?

Output: The best thing you can do is give some thought to how much money your family would need to live if you died prematurely at various times throughout your life . For example , you might need a lot of coverage if your young with a family to support . Middle age might require less and permanent coverage even less . Once you have a good idea of your needs , find an agent that seems competent by doing some due diligence . Check the comments of previous clients and/or the state insurance commissioner .


Input: How To Buy Life Insurance Wisely?

Output: Work with an independent life insurance agent/broker . Doing the research on your own can be extremely time consuming and you may not always find the information you 're looking for . Independent brokers have an extensive knowledge of the subject matter and know the differences between products that are available in the marketplace . Brokers can help you through the entire process from start to finish . This includes helping you determine how much coverage is suitable to what you need the coverage for and how long you should have it in place for through an insurance needs analysis , provide quotes from multiple carriers and compare the options with you , track the application while it 's in underwriting and provide assistance on future needs as well . If you 'd like assistance in buying a life insurance policy , send me a message - my contact information is provided on my profile . I do not charge fees for my input and can walk you through the entire process of securing a policy .


Input: Why Should Someone Buy Long Term Care Insurance?

Output: The cost of care keeps rising . If you need a nursing home it would not be uncommon to see the cost of care to be $ 7,000 - $ 8000 per month and it is expected to keep increasing . The question becomes if you do n't get a Long Term Care policy what assets are you prepared to liquidate to pay for the care . At $ 7,000 a month for 3 years that comes out to a cost of $ 252,000 based on today 's cost . What will the cost be when you need it in 10 , 20 or 30 years ? We can assume it will be much more . The yearly premium will be only a fraction of the cost if you did n't have a policy . A good Long Term Care policy will include assisted living , home healthcare and nursing home care . The chance of you needing one or all of those at some point in your life is pretty high .


Input: Why Should Someone Buy Long Term Care Insurance?

Output: Someone should buy long term care insurance if they do n't want to be dependent on Medicaid if they should need such health care services in the future , if they do not want the assets that they have built up to pay for long term care , or if they want more choices than they would get by Medicaid funded long term care .


Input: How Long Can Health Insurance Lapse?

Output: A health insurance policy lapses when the premium owed is not submitted to the carrier by the designated due date . When this happens , your plan is no longer providing coverage . There 's generally a grace period -LRB- e.g. 30 days -RRB- for late premium payments . In the event the grace period expires , you would generally purchase a new policy . Under the new Affordable Care Act , health plans are guaranteed-issue - meaning you can not be declined for any pre-existing condition or other health-related reason . I highly recommend consulting with an independent agent/broker to review your plan options .


Input: Can I Cancel My Disability Insurance?

Output: If you 're the owner of a disability policy , it is your property to do with as you please . But consider the financial ramifications of an ongoing illness or injury in light of your cash reserves . Most working Americans have 90 days in cash reserves . Most disability events are longer than that . So consider carefully before terminating your coverage .


Input: Can I Cancel My Disability Insurance?

Output: Yes , you can cancel your own Disability Insurance policy . Non-cancellable Disability Insurance refers to the insurance company 's inability to cancel your policy unless you want it cancelled . You are also able to adjust Disability Insurance , which may be a more palatable option than cancelling it , if you no longer need as much coverage as you used to require .


Input: Why Is Long Term Care Insurance So Expensive?

Output: Long Term Care Insurance is priced to cover the costs incurred by Long Term Care policyholders . People live longer lives than ever before , and even many young people are now sustained by long term care services . Health care in America can do wonderful things , but it comes at a price . If insurance companies do not charge enough to pay for claims made on their policies , their policies are worthless . Unfortunately , these costs are reflected in premiums . But when compared with the actual benefit received , the premiums are not as expensive as they seem .


Input: Does Medicare Pay For Yearly Mammograms?

Output: Medicare will pay for yearly mammograms for women who are age 40 and older , who are on Medicare . 11 months must pass between one mammogram to another for the mammogram to be covered . It will also pay for mammograms done for diagnostic purposes under Part B as needed to determine whether there is disease , or to monitor breast disease or treatment .


Input: Is There A Waiting Period For Health Insurance?

Output: Now that most of the Patient Protection and Affordable Care Act -LRB- Also called Obamacare -RRB- has been implemented , there is n't really a waiting period , but you can only buy health insurance at the end of each year for the following year , so for example you can apply in November or December for coverage starting in January . Or , if you have one of several qualifying events you can apply for new coverage . Those qualifying events may include loss of a job , loss ofcurrent insurance coverage , divorce , marriage . Feel free to email me with specifics about what you are looking for at WEBSITELINK


Input: Can You Keep An Ex-Spouse On Your Health Insurance?

Output: You will usually be required to take her off of your policy and have her pick up her own . Sometimes a judge will require you pay for your ex-spouses insurance , in which case she would need to pick up her own policy . Check with your insurance company to be sure how they would handle your individual situation .


Input: Can You Keep An Ex-Spouse On Your Health Insurance?

Output: When youfill outa health insurance application , you will see fields for applicant , spouse and children . A spouse could be a domestic partner , but not an ex . To maintain continuous coverage , this should be dealt with during the divorce proceedings . If the ex was on your group coverage , then he/she would be eligible for Cobra if he/she otherwise qualified .


Input: What's New In Annuities?

Output: It seems that annuities are always evolving and hopefully improving . The latest push appears to be coming in the form of guaranteeing minimum incomes at different ages in the future with either an upfront lump sum of money or annual contributions . -LRB- Remember the guarantees are backed by the claims paying ability of Life Insurance company . -RRB- Another area is often called `` linked benefits '' where that guaranteed income is increased if you ca n't do two of the six activities of daily life-which is also known as qualifying for long term care . While these benefits are n't designed to replace long term care insurance they will provide additional income to help defray those costs . I expect these types of changes will continue to evolve . If there is something more specific you 'd like to have addressed , just let us know .


Input: Can I Buy Car Insurance Online?

Output: Of course you can buy insurance online but make sure that you are covered properly and that the carrier is allowed to sell in your state . I have seen many clients buy online thinking they have something and then have a loss and find out that they did n't have the coverage they needed . A local agent can also quote you and many times be less then the online quote . I have personally quoted with the same carrier as an online and beat the rates that they had been quoted with better coverage . Also some agencies like our is available 24/7 you always speak to you agent check and see what your coverage 's that you selected online and then call and agent to make sure your covered right and a good agent will tell you if the rates is right and the coverage is right


Input: Can I Buy Car Insurance Online?

Output: There is no price advantage to buying online as rates are regulated . Often times you are on your own in choosing coverage 's and assuming most who purchase on line are not insurance experts I recommend you consult with an agent before making a purchase . Believe me , I have seen declarations pages from those who have purchased on line and it can be scary to say the least . If you do like to purchase online you also have the fun of dealing with a claim online . For comparisons research online is great . Other then that I suggest you find a local independent agent who can look at multiple companies and advise to the best coverage 's and premiums for your needs .


Input: Can I Buy Car Insurance Online?

Output: You can easily buy car insurance online and you may save a substantial amount of premium . Rates are usually regulated by the State Department Of Insurance , so an online broker 's rates can not be beat ! As an experienced broker with a top-rated website , we understand how confusing , frustrating and time-consuming it can be to shop for auto insurance online.You will find that claims are handled very efficiently by brokers and Agencies with experience in that field . I base that statement on 32 years of experience . Remember ... when you purchase online , it 's the SAME coverage and benefits you get by going directly to an agent that sells you a policy from that same carrier . The online method is quick and efficient and your paperwork is easy to read and understand . Once again , based on 32 years of experience in the business , I make that statement . By shopping , comparing , and researching all of the major insurers , consumers can pay less for their coverage with reputable companies . There are often many other discounts available that can potentially save hundreds of dollars per year . When you shop with an experienced broker and their website , you save ! Reviewing and comparing benefits helps you find the best policy available in your area . If you prefer working with a local broker , just make certain they are VERY experienced and can shop all of the major carriers for you . Either method will get you competitive pricing .


Input: Does Renters Insurance Cover Burglary?

Output: It may . Many renters policy 's provide coverage for theft less your deductible up to the limits stated within the policy and subject to any exclusions listed within the policy . Read your policy completely to understand the coverages provided and any exclusions that may be contained within or contact your local agent to have them go over the policy with you .


Input: Is Zometa Covered By Medicare?

Output: Zometa is used to treat some forms of bone and breast cancer . Zometa is administered by injection in a doctors office or clinic . Medicare Part B normally covers infusion therapy but your doctor must be sure your claim is properly coded with a specific diagnosis . The medication is quite expensive , upwards of $ 6000 per dose .


Input: How Much Is Liberty Mutual Car Insurance?

Output: Auto insurance rates are based on what type of car you drive , where you drive it , your driving record , annual mileage and many other factors that underwriters use to set your rate . You can go to WEBSITELINK and search for an agent in your area to give you a quote . I hope this is helpful .


Input: When Should I Start Planning For Retirement?

Output: The day you start earning a living is the day to start saving for retirement and for everyone else , today is the day with no further delay . Most Americans will experience longer living than previous generations . Over the years inflation has eroded purchasing power . The attempt to maintain current the lifestyle generally fails and a lower expectation of retirement ensures . Keep in mind that Social Security is more than likely going to change and more than likely not for the better . So looking to the government is not a plan .


Input: What Is A Green Medicare Card?

Output: In Australia , the Medicare card is a green color -LRB- or light blue for interim cards -RRB- . It is issued to individuals or families who are eligible to receive a rebate of medical expenses under the Australian Medicare system when they are treated privately by a doctor with a provider number . In the United States , Medicare cards are red , white and blue .


Input: What Is A 1035 Exchange Life Insurance?

Output: A 1035 Exchange in Life insurance is where you terminate or `` exchange '' one plan for another . There are specific restrictions and only certain policies will qualify . But the most important aspect is that you recognize no taxes in the transaction ... at least at this time . Sometimes an annuity can also be involved in the transaction . A full-time broker or financial planner is your best resource .


Input: What Is A 1035 Exchange Life Insurance?

Output: A 1035 exchange life insurance is a way of replacing your cash value life insurance policy without having to pay taxes on the cash value , per the advice given above . You can exchange your life insurance for another life insurance policy or for an annuity . The owner and insured must be the same on the old and new policy , and the exchange must take place directly between the insurance companies .


Input: What Is A 1035 Exchange Life Insurance?

Output: A 1035 exchange is an IRS code that allows the tax free transfer from one life insurance policy to another . Some life insurance companies may also use the 1035 exchange rules to transfer basis or premium as basis . Generally a 1035 exchange inherently includes a replacement notice as well to the existing life insurance company from the replacing life insurance company .


Input: What Is A 1035 Exchange Life Insurance?

Output: A 1035 exchange allows you to transfer the cash value from one policy to another without any tax consequence . The new policy assumes the basis of the old . That means that for computing income tax should the policy be surrendered the basis would be the sum of premiums paid to the old policy and the new . Check with your CPA .


Input: What Is A 1035 Exchange Life Insurance?

Output: That is a great question ! A 1035 exchange is an IRS process that allows you to swap valuable cash value and interest gains from one life insurance policy or annuity to another , with out having to pay taxes on that money . It has to be done within a window of time , or that money creates a taxable event , and Income taxes are applied . If you are considering one , please talk to a tax attorney , or a senior agent first . Thanks for asking !


Input: Is Gleevec Covered By Medicare Part B?

Output: Gleevec is a prescription drug used to treat certain types of cancer including CML -LRB- chronic myeloid leukemia -RRB- . Prescription drugs such as Gleevec are filled on an outpatient basis and would be covered under your Medicare Part D. Verify coverage by reviewing the drug formulary of any Part D plan . Gleevec is usually tier 3 or tier 4 and may involve coinsurance .


Input: What Kind Of Long Term Care Insurance Do I Need?

Output: One of the planning aspects of retirement is defending your money against long term care needs such as assisted living and/or nursing home care . The prognosis of living longer as a society creates a certainty of using some type of assistance in your golden years . Health care costs can be daunting , so owning a long term care insurance policy can mitigate this financial exposure during your senior years .


Input: How Long Does An Auto Insurance Investigation Take?

Output: I assume you are referring to a claim investigation . This can verywidely The goal of the insurance carrier is toinvestigateand come to a determination as quickly as possible but here are factors that can slow down the process . Getting a police report . Police reports can take 10 and up to 30 days to obtain . There really is no way to speed this up as the insurance carrier is at the mercy of the policy department . Contacting the other party for a statement . Many times the other party involved in the claim can be unresponsive further slowing down the process . Were there witnesses who need to be interviewed . These are again details that can slow the process down . There are simple claims that canresolvedquickly with out all these other steps but for the more complicated claims , He said She said , further investigation takes place and you can be looking at 60 days in some cases . All this is merely for determining fault . Keep in mind if you havecollisioncoverage on your vehicle a claim investigation will not hinder getting your carrepaired . You just have to meet your deductible . This is always good to talk to your local agent about this process as the agent can better handle explaining the process then the claims adjusters .


Input: Who Is The Cheapest Home Insurance Company?

Output: Sorry to say there is no such thing as who is the cheapest assuming you mean premium and not coverage . Premiums from insurance carriers are not cookie cutter as most believe . There are many rating factors that go into a homeowner rate such as location , characteristics of the home and details of the homeowners . To find the best coverage 's and premiums I recommend you contact a local agent who is appointed with multiple companies that can shop for you and find you the right company to meet your needs . And a word of advise , Do n't be cheesy on your biggest asset .


Input: Can I make a car insurance claim for my deceased grandfather?

Output: That is a great question ! The answer depends upon this - are you the executor of the estate ? If the car was left to you specifically , or you are the executor of the estate , you might be able to file the claim . If you are not , then whomever that person is will need to do it . Is the policy still in force ? Unfortunately it is far too common that someone passes away , and their insurance lapses because payments were n't made to continue it . If that is the case , then no claim can be filed . Your Grandfather 's insurance company may also get difficult if they were n't properly notified of his passing . You may want to have some legal help with this one . Good luck , and thanks for asking !


Input: Does Medicare Change From State To State?

Output: Original Medicare is a national program administered by insurance carriers and TPA 's that contract with the federal government to pay claims . As a national program , your original Medicare coverage is identical in every state . The same is true for Medicare supplement plans . All Medigap plans have standardized benefits as determined by CMS . Advantage plans vary by state and even within a state .


Input: Are New Cars Cheaper To Insure Than Older Cars?

Output: Each year , make , and model , develops its own loss characteristics and these play an important role in determining the applicable rate . Some cars have a history of being more expensive than others to repair . Composite tail lights and head lights are a good example of parts that make repair expensive . One of the most difficult things to repair is a retractable metal roof .


Input: How Much Is Medicare D?

Output: The average premium cost for Medicare Part D is around $ 35 monthly . But you may need a plan that is more or less than that . With Part D the way to select your plan is to use the plan finder tool on Medicare 's website . You type in all your current medications and it will show plans that cover your meds .


Input: What Is The Difference Between Secondary Insurance And Supplemental Insurance?

Output: Secondary insurance would refer to an individual under 65 health insurance policy or a group health insurance policy through your employer . Medicare Supplement insurance -LRB- also referred to as Medigap plans -RRB- help cover the `` gaps '' in original Medicare -LRB- the common name for your Medicare Part A & Part B coverage -RRB- . Original Medicare pays for approximately 80 % of your health care expenses leaving you responsible for the other 20 % . While 20 % does n't seem like much , the dollar amount it equates to can become a very large figure if you have to go to the hospital , have surgical procedures , or get a bunch of tests done . Depending on which Medicare Supplement plan you get -LRB- there are 11 different plans in total -RRB- , it can help cover all or a portion of that other 20 % . The 11 different plans available are plans A , B , C , D , F , G , K , L , M , N , and high-deductible plan F. High-deductible plan F features the same benefits as plan F , except it has a deductible to be met first -LRB- $ 2,180 in 2015 -RRB- - the trade-off being a much reduced premium -RRB- . Each plan offers certain benefits some more comprehensive than others . Each plan must cover a core set of benefits -LRB- also known as the basic benefits -RRB- . The basic benefits are : 1 -RRB- Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up . 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment There 's a total of 9 benefits that can be secured . The other 5 benefits available under a Medigap plan are : 1 -RRB- Skilled Nursing Facility Care coinsurance 2 -RRB- Medicare Part A deductible 3 -RRB- Medicare Part B deductible 4 -RRB- Medicare Part B excess charges 5 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Each plan features a different structure , Each plan covers a different combination of these 9 benefits -LRB- some of the plans feature coinsurance or copayments for certain benefits -RRB- . Medicare Supplement plans F and G are the most comprehensive and by far the most popular because they create the most predictable expense structures for seniors . If you 're looking for prescription drug coverage as well , that can be added via a stand-alone Part D prescription drug plan . When you 're looking to buy a Medicare Supplement plan , you should consult with an independent Medicare Supplement insurance agent to review the plans in detail to see which one will best serve your needs , help you identify all of the carriers offering Medicare Supplement plans in your zip code , and which one will be able to offer the coverage to you at the lowest cost -LRB- the plans are standardized so the coverage of a given plan letter is exactly the same regardless of you have the coverage through - the only difference is the price you pay for it . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: How Much Does Health Insurance Cost For A Married Couple?

Output: Good Question depends on your state . But lets say a husband and wife 25-30 years old non smoker with a basic plan would normally cost about $ 150-200 a month . Can be more or less depends also on your health situation and your weight . good luck you should contact a local insurance broker in your area to give you rates .