Input: What Does Renters Insurance Policy Cover?

Output: A renters insurance policy covers your belongings in case of theft , fire , or other loss . It also includes liability coverage -LRB- if someone is injured at your residence and sues you -RRB- , and loss of use coverage to help pay for other living arrangements if your residence becomes uninhabitable . It is typically a very inexpensive insurance to own , and helps protect your belongings .


Input: How Much Homeowners Insurance Should I Have?

Output: When purchasing your homeonwers insurance coverage the insurance carrier will typically use a software program that will try to determine the cost of reconstructiing your home at that time . Nomally you will have to provide some detailed information about your home for the software to do its job properly . Contact a local agent to get mor information about the coverage you need and the pricing for that coverage .


Input: How Much Homeowners Insurance Should I Have?

Output: You should always see your home as in investment . You want to make sure that in the event of a loss your family will be taken care of . So many times people do not have insurance and they are left in the street . If you can not afford to get a replacement cost policy , you should at least get an actual cash value policy for the value of the home .


Input: Does Medicare Pay For Home Care?

Output: yes , medicare provides 100 days of home care and the medicare advantage plans also has home care as a benefit in the plans available . There also plans availble now that you can use to take investments that are now fully taxable and invest the funds into the Pension Protection Act provisions and when you use use these dollars to pay qualified health care costs they are not taxable


Input: How Much Does Auto Insurance Cost In New Jersey?

Output: Auto insurance in New jersey will vary quite a bit , depending on your age , zip code , types of vehicles you drive and of course , how many tickets and accidents are on your driving record . An experienced broker can quickly compare the best offers from the major carriers so you can save money . You can also view prices online from top-rated companies .


Input: What Does Liquidity Refer To In Life Insurance Policies?

Output: In life insurance , liquidity generally refers to the fact that life insurance pays quickly and pays in cash , so that the beneficiary has the ability to quickly and easily pay expenses surrounding the death of the insured . Life insurance with a person named as a beneficiary does not need to go through probate , making it accessible to use as the beneficiary sees fit .


Input: Do Both Parties Have To Have Insurance In A Crash To Get Damage Fixed?

Output: The simple answer to this question is the driver who is determined to be liable for the accident is required to pay for damages , regardless if they have insurance or not . If they do carry insurance , then their policy will pay . If they do n't carry insurance , and your policy includes Uninsured Motorist coverage , then your policyshould pay for damage to your vehicle , minus any deductibles , and your insurance company will determine if they want to go after the liable party to recover their losses . If you were determined to be liable in this situation , then your insurance would be primary since the owner of the vehicle did not carry insurance . Even though the other driver was determined to be at fault , you could have your insurance company handle the claim and they will go after the other driver 's insurance company to recover anything they pay on your claim . Your car should be covered , regardless of who is at fault in this accident , since you stated thatboth drivers carried insurance .


Input: How Can I Crash My Car To Get Insurance Money?

Output: Actually , you can crash your car at any time . But if I were you , I would practice on your own house , garage or perhaps a basketball hoop in your yard . Why ? Because , you do n't want to deliberately hit another car or property , or else you could have a major legal problem . Of course , I am not advocating you crash into anything . Insurance money is paid for legitimate claims and not deliberate damage .


Input: How Can I Crash My Car To Get Insurance Money?

Output: Very carefully ! You want to be very careful not to hurt yourself as your options for medical care in prison where you will be sent after conviction of insurance fraud will be limited . And because the damage to your car was committed with fraudulent intent , you are not likely to collect anything from the insurance company anyway . The efforts put into this endeavor would likely serve you better directed elsewhere .


Input: Can I Stay On My Husband's Health Insurance After A Divorce?

Output: Can you stay on your ex-husbands health insurance after you divorce ? It 's going to depend on the size of the company your ex husband works for ? If he works for a COBRA eligible employer you may be eligible to stay on the plan up to 18 to 36 months depending on your situation . With thenew ACA , you would be eligible almost immediately for care .


Input: Can I Stay On My Husband's Health Insurance After A Divorce?

Output: Generally a divorcee who is a covered dependent loses their eligibility for coverage on the date their divorce is legally granted . If the ex-spouse 's employer group is subject to the Federal COBRA regulations -LRB- 20 + employees -RRB- then a divorced ex-spouse can elect to continue coverage under that group 's health insurance plan . As a divorcee you could continue COBRA coverage for up to 36 months . If the ex-spouse 's employer has less than 20 employees then state continuation of coverage provisions would apply but these vary from state to state and generally run for a much shorter length of time . In any event , the person who elects to continue coverage is responsible for making the entire premium payment and this payment must be submitted in a timely fashion each month or your coverage can be terminated by the employer . Divorce is a `` qualifying event '' under the health care reform law and is a circumstance that will allow you to purchase individual health insurance either through the government health insurance marketplaces or outside of the government marketplaces -LRB- directly from an insurance agent or insurance carrier -RRB- outside of the annual open enrollment period . You have a 60-day window of time after your divorce is finalized to apply for individual health insurance coverage .


Input: What I Would A Monthly Payment For Someone To Get $50,000 In Life Insurance?

Output: The payment for a $ 50,000 Life Insurance policy will vary greatly depending on age , health , and what type of policy it is -LRB- term or permanent -RRB- . A $ 50,000 Whole Life policy for a child may cost under $ 10/mo , while a $ 50,000 Whole Life policy for an 80 year old male who has some health conditions and smokes , could cost over $ 1,000 per month . A 30 year old male who had excellent health and does not smoke could get a term policy of $ 50,000 for under $ 10/mo and a guaranteed no lapse universal life policy for under $ 35/mo . You can use the quote engine on our website to get the prices for other ages and health and tobacco factors . PS I apologize ; I did not see the statement that you are a woman who is 74 years old until now . Assuming you have pretty good health , you could get a No Exam Whole Life policy of $ 25,000 for about $ 175,000 . Or you may be able to get a permanent policy of $ 50,000 for about that same price , by taking an exam . If you took $ 50,000 in Term insurance , you could possibly pay under $ 100/mo . Feel free to give me a call ; I can find your best rate very quickly and will make sure it is with a policy for which you qualify .


Input: What Differentiates Health Insurance From Other Types Of Insurance?

Output: Health insurance is associated with managing the financial risk presented by the possibility that a person and/or their dependents will become ill or suffer an accident requiring medical services . In contrast , your auto or homeowners insurance protects against the risk of damage or destruction of your personal property and against potential legal liability for accidents or injuries associated with your property . Disability insurance protects your income stream against the possibility that a disabling event reduces or eliminates your ability to earn an income . Life Insurance provides financial resources to the insured person 's beneficiaries to cover funeral expenses , pay off debts and perhaps to leave a inheritance to their beneficiaries . Essentially , we are faced with a variety of risks in our lives and there are specific types of insurance coverage designed to help people manage these risks .


Input: Can I Be Forced To Buy Renters Insurance?

Output: A landlord can require renters insurance as a condition of the rental agreement . Landlords are looking to protect themselves in the event the tenant is liable for a loss which in most cases relate to bodily injury or property damage due to tenants negligence . For a renter it 's just the smart thing to do .


Input: Does Home Insurance Cover Iphones?

Output: Because an Iphone is personal property , it will be covered by most homeowners policies . Unless it is specifically scheduled on a personal articles floater that is attached as a part of the homeowners policy it will be treated as all other personal property . By that I mean that the loss will be adjusted subject to the deductible . The claim must show that damage has occurred and that the damage was caused by one of the perils covered by the policy . The personal property is also subject to a reduced limit of coverage when it is away from the covered home . Few Iphones will be more valuable that the reduced limit and so should be covered . There are independent companies that provide specialized coverage for mobile phones and most service providers have arrangements to secure coverage .


Input: Does Home Insurance Cover Iphones?

Output: It really depends on your policy and the way it 's written and if something has already happened to your iPhone the only way to make sure is to file a claim with your insurance company . If your iPhone is still undamaged and you just want to make sure it 's protected then contact your insurance agent and tell them `` I want to specifically schedule my iPhone in my homeowner 's policy for $ 600 , replacement cost , special causes of loss '' . That 's insurance talk for `` I want to make sure my iPhone is covered , for anything that might accidentally happens to it , and for the full cost to replace it . Some insurance companies will do this and others will not .


Input: Can People On SSI Get Medicare?

Output: People receiving SSI -LRB- Supplemental Security Income -RRB- have become eligible for this benefit based on their being over age 65 , a disabled or blind adult , or a child who is disabled and blind , with the added criteria that all must have very limited income and assets . Therefore , many people on SSI also receive Medicaid , which is comprehensive health insurance offered to those in the US with very low income and assets . However , people on SSI can get Medicare if they paid into Social Security . They also may be eligible or a program to help pay their Medicare premiums by filling out this form . WEBSITELINK


Input: Can I Pay Car Insurance By Credit Card?

Output: Yes , it is possible with select carriers out there . Many carriers still prefer that a client pay be cash , check , money order , cashiers check , or debit card . Contact your local agent to find out about the payment methods that they are currently equipped to accept on the carrier 's behalf .


Input: Can I Pay Car Insurance By Credit Card?

Output: Many car insurance companies allow you to pay your premium by credit card . However , please keep in mind that each company has a different set of underwriting guidelines and billing requirements , so it is best to check with the specific insurer first , or allow an experienced broker advise you . Often , you may be able to pay theinitialpayment or a late payment by credit card , but ongoing premiums may have to be paid in another way .


Input: Where Is The Best Place To Get Homeowners Insurance?

Output: The best to place to purchase insurance is from an agent . If you dont know an agent get a recommendation from a friend , colleague or neighbor . A good agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . Setting limits and tailoring coverages are the agents job and many are quite good at it .


Input: Will AAA Insurance Cover A Broken Pool Water Pipe That Has Caused Damage To Our House?

Output: Most homeowners claims involving water have many qualifying conditions for the damages to be covered . First and foremost , a claim must involve a `` sudden and accidental '' event . In other words ANY pipe that develops a slow leak is considered a `` maintenance '' issue and not sudden an accidental . An example of a sudden and accidental event would be a pipe `` bursting '' and causing consequential damages . In general , if the damages are substantial , you should file the claim as soon as reasonably possible . This is because most policies have a requirement to `` mitigate '' damages from the event so as to prevent further damages to the property .


Input: Will AAA Insurance Cover A Broken Pool Water Pipe That Has Caused Damage To Our House?

Output: The answer in general to this question would be yes if it was a water pipe in your house but there is a lot more detail needed to provide a definite answer . Leaking from pipes outside to your pool will still likely be covered . I assume you are talking about homeowners insurance through AAA which is the Hartford . You will also have to meet any deductible son your policy and you could have an issue with the claim if this was a slow leak over a long period of time . The insurance company will not cover claims the occurred due to negligence .


Input: Can I Track Life Insurance In Quicken?

Output: I believe it is a possibility . It really depends on the type of policy you have , the carrier that you have the policy with , and the carriers that the quicken software is able to work with just to name a few of the factors that determine quickens usefulness to you in this task . This is really a question to be directed at the Quicken software sales support or their technical support .


Input: Does Great Clips Offer Health Insurance?

Output: Since most of their locations are franchised , it would depend on the franchise owner . Typically , if coverage is offered , it may not be paid in full by the owner . But most importantly , can you get a good haircut at Great Clips ? It 's just my opinion , but my answer would be Yes !


Input: What Is A Governmental 457 Retirement Plan?

Output: Assuming youre referring to 457 -LRB- b -RRB- retirement plans , 457 -LRB- b -RRB- deferred compensation plans that are available in government and non-government organizations under 501 -LRB- c -RRB- . Theres no 59 penalty as long as the plan participant is retiring or ending employment . Government 457 can be rolled personal over to IRAs . Nonprofit workers can only roll their 457 plans over to another 457 plan . 2013 contribution limits are $ 17,500 and an extra $ 5,500 if you are age 50 or older .


Input: How Long Can Kids Stay On Parents Car Insurance?

Output: Typically , as long as the child is still a resident of their parents home or a student away from home that is still using their parents address as a permanent address . All persons that reside in a household may be written under the same auto insurance policy if that is what they would like and in some states it is required to have every driver of the household listed on every auto policy for that household . Contact a local agent and they can inform you of the coverage offered by your policy and any exclusions that there may be .


Input: How Much Can You Borrow Against Life Insurance?

Output: The answer how much you can borrow depends on who you choose as our life insurance company and how long you have had your policy , along with the type of policy you buy . In order to borrow against your policy , it must not be a term policy , but only a permanent policy . Permanent policies include Equity Indexed Universal Life , Universal Life , along with Whole Life . I personally prefer Equity Indexed Whole Life polities because they tend to build up the highest amounts of Cash Value . It is that Cash Value against which you are allowed to borrow . The percentage of Cash Value you can borrow varies from company to company . With life insurance sold by Premier Financial Alliance , and its flagship carrier , 167 year old National Life Group , you can borrow an extremely high percentage of your cash value , frequently around 90 % . This allows you to keep your policy open and in force . You even earn income on the money borrowed while you have it . You do not have to ever repay the money and you then keep it tax free , so long as the policy is open . Do not close a permanent policy after borrowing against it , as then the money you take becomes taxable . Leave a death benefit for your beneficiary and you help them and you . Thank you . GARY LANE . Premier Financial Alliance . 714 422 9616 . garylane@cox.net .


Input: How Much Can You Borrow Against Life Insurance?

Output: Great question ! The answer will depend on your policy , and the amount of cash value in the policy . You obviously can not borrow more than has accumulated , and often the company will set limits on the amount , to help prevent you from capsizing the policy and ending it . There is also interest due on the borrowed amount , so be careful . If you would like more information , please contact me , I 'd be happy to help . Thanks for asking !


Input: How Much Can You Borrow Against Life Insurance?

Output: When borrowing from a life insurance policy , you 're borrowing monies from its cash value - this is only available on permanent programs -LRB- cash value does n't build inside term insurance policies -RRB- . You can only borrow up to the amount available in the cash value - this figure typically goes up over time . Review your annual statement or call your agent/the carrier to find out the current cash value available inside the policy . Keep in mind , when you borrow from your policy 's cash value , you are in effect creating a loan because you are expected to pay back the borrowed amount - and with any loan , there is an interest rate attached . The longer it 's kept out , the more interest that is charged . If the insured dies with an outstanding loan against the policy , the loan amount plus any interest is subtracted from the death benefit and the difference is given to the beneficiary .


Input: How Much Can You Borrow Against Life Insurance?

Output: Each company is different . Most will specify exactly what the loan value of your policy is . You can check on your last annual statement or , if you want up to date information , the company can give you a current statement . Most times , the loan value is less than the cash value . The other thing you must be aware of is that taking loans does have some consequences . First , you wo n't be earning as much return on the cash value . There is an interest rate within the policy that will erode the cash value if you do n't pay it back . Secondly , any outstanding loans will be subtracted from the death benefit . So , be careful about taking a loan from your policy . I know there are strategies that use the cash value in a life insurance policy to finance other purchases and , if done properly , can be a good thing . Just be sure you 're doing it in the correct way and be aware of the consequences before you take the loan . Talk it over with your agent so you know exactly how you 'll be impacted . That 's why it 's so important to have an agent that you know and trust .


Input: When Was Term Life Insurance Invented?

Output: Here are two pretty interesting histories of life insurance for you : WEBSITELINK WEBSITELINK You will notice that the history of this product goes back thousands of years . And that neither article mentions term insurance . Why is that ? Its probably because this product was developed only very recently , considering how long life insurance has been around . Recent probably means in the last 50 years or so . My father was a life insurance agent back in the 1950s , 60s , and 70s . I frankly doubt he sold any term life insurance until the latter part of his career . I considerate it kind of a necessary evil . For sure , there are needs for life insurance for which it is merited . These are basically when a specific amount of coverage is needed for a specific amount of time . That could include funding a buy-sell agreement , mortgage protection , indemnifying a business loan , and meeting the terms of a divorce decree . Beyond these , theres a good chance people would need life insurance for a much longer period of time . In that case , you buy permanent insurance . Or if money is an issue , you buy term and then switch to permanent as soon as you can .


Input: When Was Term Life Insurance Invented?

Output: I have hunted and hunted for an answer to this question , and can not find it anywhere . I hope that someone is able to answer it so I can learn the answer , as well . It seems to be such a simple question that it can not possibly stump us all !


Input: When Was Term Life Insurance Invented?

Output: Life insurance has been around for centuries in one form or another . I think the modern version as we see it today has been around for the last 200 + years or so in the U.S. . As to when term life insurance specifically was first created , I would n't be able to tell you or provide a general range . Just take comfort in the fact that it 's a concept that 's been around for ages . 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 A Life Insurance Policy Cost?

Output: The cost of life insurance depends on many factors . 1 -RRB- How much life insurance you want to get 2 -RRB- How long you want the premium to be locked in . You can get anywhere from annually renewable term , where the price can go up each year , to permanent insurance , where the price never goes up . Usually , the longer you lock in the price , the higher the premium . 3 -RRB- Your health or other risk factors such as drug/alcohol treatment , dangerous hobbies such as parachuting , family history of early heart disease or cancer , etc. . A nonsmoker with perfect health , normal weight and no other risk will pay the lowest rates . 4 -RRB- Whether you want your policy to just give you death protection -LRB- Term Life -RRB- or build up a cash value to use in other situations -LRB- Whole or some Universal Life -RRB- . The latter costs more , but it also may simply reduce what you put away elsewhere . Life insurance can fit almost any budget . By talking to an agent knowledgeable about all of the above factors and able to compare prices , most people can find affordable life insurance .


Input: What Is Global Index Universal Life Insurance?

Output: Global Index Universal Life Insurance is IUL that offers interest crediting based on an equity index strategy option that includes foreign stock market indexes in addition to US stock marked indexes . Non US indexes commonly used are the EuroSTOXX 50 Index -LRB- Western Europe -RRB- and the Hang Seng Index -LRB- Hong Kong -RRB- . Depending on the Global Index Universal Life product , it usually offers the choices of a fixed interest strategy , an indexed strategy , or a combination of the two . The features of IUL that attracts consumers is the potential to accumulate higher than normal cash values through their ability to take advantage of the upside potential of the market . Yet there is a 0 % floor that helps protect them against downside risks .


Input: What Is Global Index Universal Life Insurance?

Output: It is a universal life product that credits interest based on the performance of stock indexes . You are not buying the actual stocks or stock index so there is no market loss exposure . In good years you get some of the upside but in down years you get either no interest credited or something low and guaranteed e.g. 1 % . Most indexed universal life products use the most common index , the S&P 500 . A few products have been developed recently using indexes from around the world such as S&P 500 , Dow Jones , EURO STOX 50 , Hang Seng . Some use a more complex approach which blends them in a formula . Some blended index approaches weight the blend taking 75 % of the best and 25 % of the second best of the three selected over a time period e.g. one year on the belief that results over time should be better than a single index approach . Others are a more static formula e.g. Dow Jones industrial Avg -LRB- 35 % -RRB- , Barclays capital U.S. Aggregate Bond Index -LRB- 35 % -RRB- , Euro Stoxx 50 Index -LRB- 20 % -RRB- , Russell 2000 Index -LRB- 10 % -RRB- . The bottom line is that global index products attempt to find ways to reliably credit higher interest over time using averaging or weighted averaging . While we like the idea of these global blended products , we have a bias towards simpler index products that clients can better understand .


Input: What Is Global Index Universal Life Insurance?

Output: Global index universal life is generally defined by the use and performance of multiple indexes , domestic and foreign , within a current assumption universal life policy . The crediting period may vary from one to five years . As a three index example : the best performance of the top two indexes are credited to the account , one company credits 75 % of the leading index and 25 % of the second performing index and then eliminates the lowest index altogether . Keep in mind that policy expenses are deducted every year and in a year that all three indexes are negative , the policy would be negative . So you could lose money .


Input: How Many Retirement Annuities Can I Have?

Output: How many retirement annuities can you have ? You can have as many retirement annuities as you wish.Annuities are not restrictive in terms of health or financial income , in that you do not have to qualify for them as with life insurance . And unlike other investment vehicles , retirement annuities have no annual contribution limit .


Input: How Long Does Home Insurance Claim Take?

Output: That can really vary depending on the severity and type of loss . If for example , a rock or a baseball has broken a window , that can be handled pretty quickly . If on the other hand the house has suffered severe damage as a result of a storm or a fire for example , that could take a bit longer .


Input: Who Should Have Whole Life Insurance?

Output: The reason that anyone would carry a whole life policy is someone who realizes that may need life insurance for their `` whole life '' at one level premium . This is first and foremost . Understand that whole life insurance policies are the Swiss Army knife of life insurance because of their versatility . Their funds can be used for things such as retirement , college and critical illnesses . However , the main reason is for having coverage for your whole life at one level premium and protecting your insurability for life .


Input: Is Medicare Part B Voluntary?

Output: When a person becomes eligible to receive Medicare Part B , they will be automatically enrolled in Part B at the same time that they are enrolled in Medicare Part A. However , they can opt out of Part B if they like . There is a form provided in the Medicare packet that can simply be sent back to voluntarily terminate Medicare Part B .


Input: Is Medicare Part B Voluntary?

Output: In most cases , when someone turns 65 they are automatically enrolled in Medicare Part A and Part B . The exception is if someone is working full time , then they will need to enroll themselves . If you do n't want to keep the Part B coverage , you send back a card that is provided , stating that you want to drop it . If you keep that card , you keep the Part B coverage and pay the Part B premiums .


Input: Is Medicare Part B Voluntary?

Output: Medicare Part B is indeed voluntary . But before you refuse it , consider this . If you change your mind at a point in the future you will be required to pay a late enrollment penalty . For each 12 month delay you pay a 10 % penalty . Outpatient charges can be significant if you do not have Medicare Part B. Most carriers will not issue a Medigap plan if you do not have Part A and B.


Input: How Much Life Insurance Do I Need At Retirement?

Output: Some people feel that they do not need any life insurance at retirement . Others use life insurance to provide income during retirement , pass their estate to their heirs , pass their business to a successive buyer , pay estate taxes , and pay for their funeral and other final expenses . Most retirees lie somewhere in between those scenarios , using life insurance along with other investments and savings vehicles to maintain a balanced financial profile .


Input: How Much Life Insurance Do I Need At Retirement?

Output: How much life insurance you will need after retirement depends on your individual situation . You will need insurance for final expenses and estate planning purposes such as funds for estate fees and taxes.You may want to give one fixed asset such as a business or building to one heir and will have life insurance to equalize your estate . Perhaps to provide funds for charity or your legacy . Generally , life insurance creates cash at death and if you need cash to conserve or create your estate , it is hard to beat . An independent life insurance broker , who represents several companies , can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Can I Own A Home Without Homeowners Insurance?

Output: Sure . But would you really want to ? If you have a mortgage , you will be required to have homeowners insurance to cover at least the borrowed amount . If you do n't have a mortgage you do n't need homeowners insurance . But you will need very deep pockets to pay to rebuild your home in the event of a claim along with the requisite demolition , debris removal , architectural fees , permits , and living expenses while your home ca n't be lived in . Oh , and if you do n't properly secure the damaged site and the neighbor kid wanders along and hurts himself in the debris , be prepared to pay lawyers fees , settlement fees and judgment when they sue you .


Input: Should I Pay For Short Term Disability Insurance?

Output: The question is not , `` should I pay for short term disability insurance '' . Disability insurance is protection of income in the event that you have a injury or illness . The question to be asked is in the event that I have a illness or injury will I continue to have an income coming in to pay for expenses & maintain a certain standard of living ? We can only answer that question individually . If we can not maintain those expenses and standard of living then it seems disability insurance would be appropriate .


Input: How Can Life Insurance Companies Make Money?

Output: Insurance companies have several streams of income . They make money on underwriting if their loss ratio is less than anticipated due to careful risk selection , they earn a profit . If the stream of premium payments remains in the company for any appreciable time they earn interest .


Input: How Can Life Insurance Companies Make Money?

Output: Great question ! The very , very simplified answer is this - they make money in some ways like a bank does . The money you pay in premiums acts like the money you would deposit . The bank invests it , and makes money off of yours . Insurance companies do the same thing . Both charge fees for their services ; and will charge interest on money borrowed . Insurance companies can also make or lose money on the length of the lives of the policy holders - if you buy a policy , and pay on it for 3 years , and suddenly pass , the company will take a hit . But if you have a small policy , and pay on it for many , many years , they have plenty of time to invest and reinvest that money , and make a profit . I hope that helps , if you still have questions , contact me , I 'd be happy to help . Thanks for asking !


Input: How Can Life Insurance Companies Make Money?

Output: There 's many ways insurance companies make money . The most common way that people are familiar with is the carrier uses the premiums that they collect for the coverage they provide and investing a portion of it to grow those funds . Carriers are required to maintain a certain level of reserves so they can pay out claims on policies .


Input: How Can Life Insurance Companies Make Money?

Output: This is a very simple overview of a very complicated business . Once you have a basic knowledge of the building blocks of life insurance you will be able to begin to understand how a well run company can be profitable . A life insurance policy has three main components investment earnings , mortality and expenses . How well a company does relative to the projections it bases premiums on these determines how profitable it is . The more conservative the projections the more potential for profit and of course the higher the premium . If you would like a more detailed answer , you may contact me .


Input: Can A Health Insurance Company Drop You?

Output: A health insurance company can only drop you under certain circumstances such as failure to pay your premium -LRB- and the grace period has expired -RRB- or you intentionally falsified information on your application for the coverage . They can not drop you when you have a large claim , if they feel like it , or anything of that nature . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Does Cigna Health Insurance Cover Birth Control?

Output: All health insurance plans are now required under Obamacare rules to provide coverage for contraceptive devices and medication at no charge to the consumer . This means you , as well as your daughter -LRB- s -RRB- under the age of 19 , can obtain birth control medication without your knowledge or consent and pick up the medication at their pharmacy without a copay .


Input: How Does Health Insurance Work?

Output: I could write you a sizable book on the subject . If you could give me some insight as to what you would like to know more about ... - Individual or Group Health Insurance ? - All plans , configurations , and policies that are primarily intended to help manage/cover health expenses ? - How Health Insurance Companies operate ? - What makes a Medical Provider In or Out of your Network ? - What is a Network ? - Health Insurance Exchanges ? ... etc. . . My ability to be able to respond with a thorough , clear , and concise answer will correlate directly with your ability to specify exactly what type of information you are interested in .


Input: How Long Does Auto Insurance Last?

Output: Generally your policy will be either a 6 month or annual renewal . Most company allow you to pay in installments , monthly , quarterly , or some variation . If you fail to pay your premium , you are without coverage . Unlike life insurance , there is no grace period for auto insurance . Some companies will accept late payments but technically if your auto insurance expires on Friday and you have an accident on Saturday , your company could refuse to pay .


Input: How Long Does Auto Insurance Last?

Output: The length of the coverage term on a typical standard auto insurance policy is usually either 6 months -LRB- semi annual -RRB- or 12 months -LRB- annual -RRB- . Talk to your Insurance Professional about the specific terms and conditions of your policy . Your company will offer term renewals usually 30 days in advance of your current term 's expiration provided that you continue to meet their underwriting guidelines .


Input: Do I Need A Police Report To Submit A Claim For A Car Accident On Private Property?

Output: Actually , though the local police might prepare an accident report for you , in many cases , because the incident occured on private property , it is more likely that they would take no action at all . Therefore , if it is possible , it becomes more important to exchange information with the other party involved . I would also recommend that neither car be moved and that you take photos for your records and that of your Insurance Company to help in the processing of the claim .


Input: Does Getting Married Affect Health Insurance?

Output: Getting married enables people to move from two single policies to a husband wife policy , or from a parent and child policy to a family policy . Every carrier prices these combination policies differently . In the individual market there may not be a big difference in the rates you might pay . When purchasing coverage through employers there could be a large premium cost savings . Many employer elect to pay a portion of the spousal premium , although this practice is becoming less common .


Input: Will Health Insurance Pay For Auto Accident Injuries?

Output: Your health insurance plan will pay covered medical expenses due to an auto accident regardless of who 's at fault . You may find that your auto policy provides benefits as well so make sure to check both policies . In addition , to your health and auto insurance a supplemental accident plan would pay cash to you in this scenario . Please click the `` Contact Me '' button on the left or run a personalized quote at : WEBSITELINK Also , you can call me anytime at : 561-320-2978


Input: What Does Car Insurance Cost In California?

Output: Car insurance is priced based on several factors , the most common include : the car covered , your age , where the car covered is kept , your marital status , and elected coverage amounts which include : liability limits , personal property coverage , and uninsured/underinsured coverage . Because these vary so much it is very difficult to tell you precisely what car insurance will cost you in the state of California . You are best suited to consult an agent about what coverage would cost given your circumstances .


Input: What Does Car Insurance Cost In California?

Output: Car insurance is rated a bit differently in California than elsewhere . There is a great deal of emphasis on the drivers record and on the annual mileage of the vehicle . The vehicle is associated with a household and all the drivers in the household are considered in the review of driving records . Location and years of driving experience are additional factors .


Input: Who Provides Short Term Disability Insurance?

Output: Short Term Disability Insurance is usually provided through one 's place of employment . There are only a few companies that sell individually owned short term life insurance policies . You can purchase short term disability insurance through Life or Disability Insurance brokers who offer a whole range of disability insurance products .


Input: How Do Insurance Annuities Work?

Output: An annuity uses the same data that a life insurance policy uses . The life insurance policy protects the client from the financial effects of a premature death . The annuity protects the client from the financial effects of living too long and running out of money . In an annuity , people pool together to provide a lifetime income . Statistically most will live to life expectancy . Some will die earlier and a few will die much later . By pooling their assets they can meet the needs of all . The amount paid by those who die prematurely will offset the expense of those who live a very long time .


Input: What Is The Best Medicare D Plan For Me?

Output: Good Question , That right part D plan for you will depend on what plan saves you the most money which is specific to your particular drugs . My clients normally ask me to take their drugs and find the part C or D plan that will work for them .


Input: What Is Medicare Part A Or B?

Output: Medicare Part A and Medicare Part B are the original Medicare benefits for those who have qualified for Medicare through their work history -LRB- or one of several other ways -RRB- . Medicare Part A is called hospitalization insurance and Medicare Part B is called medical insurance , or Medicare supplementary medical insurance . These benefits help seniors and the disabled pay for their health care in America .


Input: Where To Get Short Term Disability Insurance?

Output: You can also obtain private short term disability insurance through an agent , broker , or directly through the company . Our company recommends Mutual of Omaha for private short -LRB- and sometimes long -RRB- term disability insurance . Always keep in mind that you ca n't necessarily take your work Short term DI policy with you if you leave the company . It 's good to have a backup policy .


Input: Where To Get Short Term Disability Insurance?

Output: Short term disability plans are normally only available in the work place from your employer . Some employers may provide STD -LRB- short term disability -RRB- coverage on a particpating or non-participating basis . You may also be able to purchase STD coverage via payroll deduction from carriers like Allstate , Colonial or AFLAC .


Input: What Is Life Insurance Net Payment Cost Index?

Output: The Net Payment Cost Index is the net cost of the insurance over a set period of time . It is the pure cash out of pocket -LRB- i.e. Mortality cost -RRB- and is comparable between all policies . Term insurance has the lowest net payment cost and cash value polices have a higher index .


Input: What Is Life Insurance Net Payment Cost Index?

Output: This is a technique used to determine the amount of money a person would pay over a given term for a given death benefit . Using this technique a consumer can evaluate competing insurance contracts and chose the policy that most adequately meets their needs . The idea is that a policy with a low cost index is a better buy but again , this only applies when comparing similar policies and does not consider the surrender value of the policy


Input: Where Can I Get Life Insurance For Cancer Patients?

Output: Life insurance for cancer patients is usually restricted to guaranteed issue policies until a period of time has passed since successful treatment of the cancer . Guaranteed issue policies are almost never available to persons under age 45 , but there are some simplified issue policies that have much more lenient guidelines than others . To find life insurance for cancer patients , contact a good impaired risk life insurance agency and discuss it in person with an agent . If you can not get life insurance now , you can at least set up a plan for the future where you can get more and more coverage for less and less cost , the longer you are cancer free .


Input: When Will I Be Responsible For My Own Health Insurance?

Output: Right now , you should be responsible for your own health insurance . Although shopping , comparing and purchasing can be accomplished with the help of experienced brokers such as myself , ultimately , it is your responsibility to initiate the process . Prices may be cheaper than you realize . Soon , a federal tax subsidy may reduce your premium .


Input: Who Is Health Insurance A Contract Between?

Output: It depends upon whether you are asking about an individual or a group health insurance contract . If you have an individual health insurance policy with an insurance company the contract is directly between you and the insurance carrier . If the coverage is through an employer group then the contract is between the employer and the insurance company , the covered employee does not have a direct contract with the insurance company and has a certificate of coverage outlining the coverage they have through their employer 's contract but the employee themselves are not the contract holders .


Input: What Type Of Health Insurance Is Best For Me?

Output: Like all type of insurance , there is no single health plan that be considered `` best '' for everyone . To determine the best plan for your personal situation , I suggest speaking with a licensed insurance agent , one who represents many companies in your area . That is the only way to ensure you receive honest , expert advice , based on your personal needs . If you are someone that rarely utilizes medical care , you are more than likely going to be best served by a high deductible , low cost policy . Conversely , if you do regularly use medical services , or expect large medical bills in the upcoming year , then you need to find a policy with the most benefits , at the lowest cost possible . This can prove challenge for someone that does not deal with insurance on a daily basis . Your best alternative is to find an independent agent that represents all the companies available in your area , and seek their guidance on determining which plan will ultimately cost you the least , considering both the premium and your expected medical bills .


Input: How To Estimate The Cost Of Homeowners Insurance?

Output: If you have neighbors with similar homes you could ask them what they are paying and in that way get an idea of the price of a homeowners policy . It is as easy to contact a trusted insurance agent . This agent will tailor a quote that will apply specifically to your home . Further , he can place the coverage in force if you wish . Remember , it is the selection of limits that is the critical issue . Dont skimp , you could find any savings of little benefit when you have a claim .


Input: How To Estimate The Cost Of Homeowners Insurance?

Output: Normal 0 This question is really tough to answer because you are not defining what actual coverage you want your homeowner 's policy to provide . But I would respond to this question this way . Id want my homeowners policy to provide Guaranteed Replacement Cost coverage on my house , Replacement Cost coverage on my personal property and All-risk * coverage on both . Id want at least a $ 300,000 limit for Personal Liability and a $ 1000 property deductible . I would expect the amount of insurance on my house to be consistent with the current cost to replace it and if the premium I was quoted was more than $ 2-3 per thousand , I would keep looking .


Input: What Kind Of Life Insurance Should I Get?

Output: The kind of life insurance you should get depends on the type of need you have . If you need temporary protection to pay off a mortgage , send your children to college , etc , Term insurance is the least expensive for a large face amount . If you want coverage for your funeral , you should get Permanent insurance , so that the policy will be in effect when you pass away . If you want to put accumulate a source of funds to use for expenses or retirement in the future , getting Permanent insurance with a potential for good cash value would be the way to go .


Input: What Kind Of Life Insurance Should I Get?

Output: What kind of life insurance should you get ? Well depends on what you think you need and the need itself . Do you only need coverage for a period of time , or a lifetime ? You should look at term , universal -LRB- variable -RRB- and whole life and see what works for you and what appeals to you . All three forms of coverage are just fine , but be certain the coverage you choose applies to your need .


Input: Can You Switch Your Insurance Companies If You Still Have An Unsettled Claim?

Output: Can you switch insurance companies while you have an unsettled claim ? Yes and no . With the ACA now the law of the land and there are only special situations that allow you to change out of the open enrollment window . If you meet one of those situations you can move from A to B without too much hassle . An outstanding claim is paid based on the date of service it occurred on . So your old plan would still pay any outstanding claims incurred during their time as your insurance company . One thing , in switching you lose all already paid deductibles and co insurance and basically start over with new deductibles and coinsurance . It may not be worth it to move away right this moment . This is one of those pull out the legal pad and start doing the math . You may find no reason to leave a plan midyear . Maybe changing on 1/1 would make more sense .


Input: Can You Switch Your Insurance Companies If You Still Have An Unsettled Claim?

Output: Yes you can , but it probably is not advisable . Your current company would settle any legitimate claim that you may have so long as the loss is A -RRB- covered under the terms and conditions of your policy and B -RRB- so long as the loss occured during your policy coverage period . Remember that if for whatever reason your policy lapsed and was subsequently reinstated , any loss that may have occured during that period of lapse would not be covered .


Input: Who Is My Medicare Carrier?

Output: One of the easiest ways to find out who your insurance carrier is for Medicare Advantage and / or Prescription Drug Plan coverage is through www.Medicare.gov . On the main page of Medicare.gov , click the button that says SIGN UP / CHANGE PLANS and then select Check Your Enrollment from the menu . Have your Medicare card handy . You 'll need to enter your zip code , Medicare Number , Last Name , Effective Date for Part A , Date of Birth and press the Continue Button . The next screen will display insurance carrier and plan information associated with your Medicare number . If you still have more questions regarding your Medicare insurance carrier , you can call Medicare directly at 1-800-MEDICARE .


Input: How Does Life Insurance Provide Financial Security?

Output: If you were to die today , how long would your savings last ? How would your family pay the bills without your income ? Who will pay the debts you leave behind ? Life insurance provides the peace of mind and security in knowing that your loved ones will be able to continue on without you . They can stay in their home . Your child can go to college . Your final expenses will be taken care of . Even if you have a sizable estate , life insurance can be a means of helping to preserve that estate . It can hep make sure your business will continue until it can be sold . It can provide funds for a business partner to buy out your share of the business when you die . It avoids probate and creditors , unlike other savings vehicles . It provides an immediate estate . This is financial security !


Input: How Does Life Insurance Provide Financial Security?

Output: That is a great question ! I know that there are financial advisors out there that will tell you that life insurance is n't necessary , but let 's assume that you are not one of the 1 % and do n't havea big pile ofmoney lying around . Life insurance can provide financial security in a couple of ways . At the very least , it can cover your funeral expenses , so your family is n't left passing the hat before you can have your service . It can provide for an income to replace what your spouse and kids will lose when you are no longer there to provide it . How long would your spouse be able to keep up payments and put food on the table without your income ? The Government Social Security payment of $ 255 wont last very long . Some policies are used to protect against the big expenses in your lives - mortgages , college , etc. . If you were to pass with that expense unpaid , the insurance pays it , and your spouse and kids are n't leveled by that bill . There are also types of life insurance that over time can generate large sums of cash value , that can be used for emergencies or for a supplemental income during retirement . These are nothing compared to the peace of mind knowing you 've protected your family , and loved them through your financial planning for them . If you 'd like help , please contact me , I 'll make time for you . Thank you for asking !


Input: Does Disability Insurance Cover Long Term Care?

Output: Disability Insurance should not be purchased as a means to pay for long term care . Disability insurance benefits end at a pre-determined time . For the best policies , the benefits would stop at age 65 or 67 -LRB- and this is assuming you go out on claim and do n't return to work -RRB- . If you are looking for funds to assist with long term care , then you should purchase long term care insurance . These benefits would help pay for nursing home care , assisted living care , hospice , etc. .


Input: Does Disability Insurance Cover Long Term Care?

Output: Disability and long term care insurance are both morbidity products . Disability pays an income and you can use that income for any expense including long term care bills . While long term care pays assisted living and/or nursing home care expenses . It 's important to have both , especially in your later working years .


Input: What Is The Difference Between Medigap And Medicare Supplement Insurance?

Output: Nothing . Medigap and Medicare Supplement Insurance mean the same thing . Two different terms that describe the same product . A Medigap Plan -LRB- or Medicare Supplement Insurance -RRB- is designed to cover what original Medicare Part A & B does not . Medicare along with a Medigap Plan/Medicare Supplement is great health insurance . There is no network so you can go to any doctor or hospital you want . If they take Medicare they will take the supplement . I would be happy to answer any other questions you have .


Input: Does BMI Affect Life Insurance?

Output: Although Body Mass Index -LRB- BMI -RRB- is not one of the primary underwriting factors , it is directly connected to the Height and Weight parameters which are always primary items that are asked on an application for health insurance . An applicant that has a higher than normal BMI would be assumed to be overweight ; whereas an applicant with a lower than normal BMI would be assumed to be under nourished . Both of these situations would be deemed as a greater than normal risk to carrier ; should this condition exist , the applicant may be better off with an non-underwritten -LRB- guaranteed issue -RRB- life insurance policy . For a health insurance quote and/or application , you may follow the link : WEBSITELINK


Input: Does BMI Affect Life Insurance?

Output: If applying for No Exam life insurance , BMI is not taken into consideration for approval . And when one 's weight is within the normal weight range , BMI will not affect ones ' rating for medically underwritten life insurance , either . It is when someone is overweight that the BMI is looked at in medically underwritten life insurance , to determine whether to give a better or worse rating than one might get based on weight alone .


Input: Does BMI Affect Life Insurance?

Output: Body Mass Index -LRB- BMI -RRB- does impact the premium for life insurance . BMI or simply the height and weight of the proposed life insured is a key factor in preferred risk guidelines . Favorable height and weight combinations can mean preferred rates . Average combinations will mean standard rates as a starting point for underwriting . Unfavorable combinations may mean substandard rates at best . Height and weight charts can vary significantly by life insurer . An independent life insurance professional can survey a wide variety of insurers to help you select the best ones to apply with for the best possible outcome .


Input: Does BMI Affect Life Insurance?

Output: It can . That really depends on the indexes that that the company you are looking to purchase through uses . Height and weight along with personal and family medical history are a portion of the factors that most life insurance companies use in the determination of your premiums and the amount of coverage that they are willing to offer an individual . Talk to a local agent to determine what coverage is best for your situation .


Input: Does BMI Affect Life Insurance?

Output: Yes , it does . There are companies that will not accept business from people with a high Body Mass Index . Once a person gets above 35 in BMI the number of companies available to purchase from starts to drop . Above 40 BMI and most wo n't quote . Insurance is using statistics and the laws of probability to determine if a policy or a rate is offered . It is a very impersonal method applied to a very personal product .


Input: Does BMI Affect Life Insurance?

Output: BMI -LRB- Body Mass Index -RRB- numbers between 18 and 50 are the outer minimum and maximum parameters of what most life insurance companies will cover with a medically underwritten policy . If a person is extremely underweight or malnourished -LRB- BMI under 18.5 -RRB- or morbidly obese -LRB- BMI over 40 -RRB- , there are simplified issue policies for nearly every BMI , depending on one 's age and state of residence . For those with normal BMI , life insurance rates will be in the Preferred range as long as everything else is Preferred . For those who are overweight , the BMI will be part of the determination in what rating to give , along with other health factors .


Input: Why Not To Buy Long Term Care Insurance?

Output: Why not to buy long term care insurance ? Well , this is dicey to answer , but this is opinion only and does not need to be followed but long term care insurance is purchased to prevent the liquidation of assets to pay for services related to care and assistance of someone in need . Simply put , if there are no assets to protect or concern about being housed at the most basic level of care , then there really is no need for long term care insurance to be purchased . It is up to the individual person to decide the value of having LTC or not .


Input: Why Not To Buy Long Term Care Insurance?

Output: Do n't buy long-term care insurance if : 1 . You ca n't afford the premium now 2 . You ca n't afford any higher premium than the illustrated premium at issue -LRB- premiums can go up -RRB- 3 . You do n't think that your income during retirement will permit you to keep the policy in force even with adjustments to the benefits , features , and/or riders . 4 . You have virtually no retirement savings and will be completely dependent on Social Security . 5 . You are convinced that long-term care insurance hasabsolutely novalue whatsoever and that it is a complete waste of money . 6 . You have given explicit instructions to your spouse or next of kin that if you are ever unable to take care of yourself in the performance of daily activities , you are to be taken out into a field somewhere and be shot .


Input: How Are Deferred Annuities Taxed?

Output: This is a different question from how are IRAs and Roth IRAs taxed even though they are frequently funded with annuities . The tax on the gain in a non-qualified annuity is deferred until you start withdrawing money . The deferred earnings are taxed as ordinary income whether received by the annuitant or a non-spouse beneficiary . There isnt a step-up in basis . Upon death the annuity is included in the estate of the decedent . For specific information on taxation , consult with a tax professional .


Input: Where To Get Health Insurance For Individuals?

Output: You can get health insurance online or through an agent . Of course an agent can educate you on a plan and answer specific questions . There are many companies and many plans per company , so unless you are comfortable choosing a plan on your own , yes contact an agent in your state .


Input: If I Don't Have Auto Insurance Can I Rent A Car?

Output: Car rental agencies offer insurance coverage for the duration of the rental period . Check with them as to coverages and premiums . If this is a rare occurrence it might actually make good sense . The good thing about insurance through the rental company when if an accident occurs , their insurance relieves you of further responsibility .


Input: If I Don't Have Auto Insurance Can I Rent A Car?

Output: That will be up to the rental car company . Many rental car companies offer insurance coverage for use during the rental period from third party carriers . This coverage is typically more costly than purchasing coverage on your own . In either case if you have a valid drivers license and live in a state with mandatory auto insurance you should at minimum have non-owned auto coverage . Contact a local agent to find out more about coverage availability and pricing within your area .


Input: If I Don't Have Auto Insurance Can I Rent A Car?

Output: That is a great question ! If you do n't have a policy , you can purchase one from the rental company . They are a bit pricy , and will have a lot of limitations , but if you are a safe driver , it is normally good enough . You might want to call your credit card company first though - a lot of cards offer that coverage as a perk for having the card ! Who knows , it might be the case for you . Good luck , and thanks for asking !


Input: What Is The Definition Of A Health Insurance Premium?

Output: A health insurance premium is the total monthly cost calculated by an insurance company for a particular plan of health insurance benefits . Under the requirements of the Affordable Care Act -LRB- ObamaCare -RRB- individual and small group health insurance rates will be derived from a rate table for the health insurance plan selected and based upon the age of the policyholder , their spouse -LRB- if they are covering one -RRB- and the first three children -LRB- if they are covering any -RRB- that will be covered . For example , for the cost for a health plan selected by a husband age 30 and his wife age 28 is $ 300 per month for a 30 year old and $ 275 for a 28 year old , their total monthly premium would be $ 575 per month -LRB- $ 300 + $ 275 -RRB- . The only other variable that can impact rates -LRB- depending upon the health insurance company 's underwriting policies -RRB- could be whether the person -LRB- s -RRB- to be covered use tobacco products . ObamaCare does allow for health insurance rates to be raised to account for tobacco use .


Input: Why Is Men's Car Insurance Higher?

Output: Insurance companies base their pricing on mounds of historical data . They carefully review statistics common to the industry as well as those specific to that company 's loss experience . This risk analysis ultimately results in the rates we pay for the products that company offers . Over a great many years , statistics have tended to show that younger less experienced male drivers tend to be involved in more claims than their young , less experienced female counterparts . That being the case , and all other things being equal , it would cost more for a male to insure a car than it would for a female to insure the same car .


Input: Why Is Men's Car Insurance Higher?

Output: Over the years insurance companies and other organizations have collected data about tickets , accidents , and claims on both male and female drivers and from this information they have determined that male drivers are potentially a greater risk than female drivers . Whether or not this sort of pricing is fair to everone is a matter of opinion .


Input: Does FAFSA Consider Annuities?

Output: FAFSA does not consider annuities as long as the annuity account holder does not take payments from the annuity as income . There are other financial aid forms , such as the CSS Profile , that are used by many colleges in addition to FAFSA , to determine financial aid . CSS does consider non-qualified annuities .


Input: Can 17 Year Olds Get Temporary Car Insurance?

Output: Car insurance covers a car , not a driver . The exception is non-owned auto . If you want temporary coverage , you will find that is difficult to obtain . You can start a policy and then cancel it when you no longer need the coverage . If an inexperienced driver who is not in your household drives your car and it is insured , claims will be honored . If you have an inexperienced driver in your household under most company underwriting rules that driver will be rated against one of the cars in the household .


Input: Where Does Medicare Get Its Funding?

Output: A quick look at your pay stub will show you the source of most of the funding for Medicare . If that funding proves inadequate then congress will have to decide what to do next . Medicare is fully paid to all citizens who have 40 good quarters of FICA contributions or meet certain other qualifications dealing with disability . When you select Medicare B and/or D , then you will be charged an additional amount to cover the cost of that benefit .


Input: When Does Medicare Kick In After Disability?

Output: Medicare kicks in two years -LRB- 24 months -RRB- after receiving Social Security Disability benefits . Of course , it will be a while after suffering the disability until SSDI is received . If you turn 65 years old before the two years are up , you can start receiving Medicare at age 65 .


Input: Does Contributing To 401K Reduce AGI?

Output: In most plans a contribution to a 401 -LRB- k -RRB- would be made with before-tax dollars . The effect is to reduce the amount of income reported . There isnt a subsequent reduction in AGI . It is possible , however , that your 401 -LRB- k -RRB- allows for after-tax contributions and a Roth option . In this situation the contributions would neither reduce the reported income nor be an adjustment on the AGI .


Input: Does Maryland Require Renters Insurance?

Output: No . Unlike Auto Insurance , Renters is not compulsory in MD. . However , your landlord might require it to move in . In fact , some landlords will fine you every month until you can show proof of insurance ! This really is in your best interest , because their Master Policy does n't cover YOUR stuff .


Input: Does Aarp Offer Disability Insurance?

Output: AARP offers several opinions , columns and publications about disability insurance but they do not underwrite plans . They also offer calculators and guides , but you can not buy coverage directly through them . There are many carriers that offer affordable disability coverage . Your best resource is a full-time broker who , without bias will shop and compare the best plans .


Input: What Is Considered A High Deductible For Health Insurance?

Output: The first deductible threshold classified as high is $ 1,000 . It rackets up to $ 2,500 , $ 5,000 , $ 10,000 all the way up to group coop deductibles of $ 100,000 . The key is having a side fund or HSA account that can mitigate the premium with a high deductible . Funding a HAS account is tax deductible for all approved medical service and premium outlays .


Input: What Is Considered A High Deductible For Health Insurance?

Output: Typically , for an individual , $ 2,500 and above is considered a high deductible . For a family , often $ 3,500 and above is considered a high deductible . However , if you are accustomed to an HMO -LRB- with little or no deductible -RRB- or a group plan through your employer with low deductibles , a $ 1,000 deductible may seem high to you . So , as you can see , there is no correct answer ... it 's a matter of perception .


Input: Who Offers Long Term Care Insurance?

Output: Long Term Care Insurance is offered by many companies , although a number of carriers have dropped it in recent years . To name just a few would be unfair , and it would be impossible to list them all without overlooking some . To start , try talking to a licensed Life insurance agent who is certified in Long Term Care . He/she can guide you through the Long Term Care policies from several companies , as well as explain some Life insurance policies that offer riders or living benefits to cover long term care type needs .


Input: Does Filing A Claim Increase Home Insurance?

Output: The answer is , frequently . Even if they pay little or nothing many homeowners will lose their claims-free discount and that can be substantial . The claim indicates that there is something unusual about your home as a risk because very few homes file a claim . That consideration affects the rating and ultimately the premium charged at renewal .


Input: Does Filing A Claim Increase Home Insurance?

Output: Short answer , maybe . Different insurance companies have different policies regarding claims surcharges . Some companies will surcharge for each claim . Some will surcharge for only non-weather related claims . Some surcharge following claims payment exceeding a specific threshold . And some have a forgiveness period based on how long you have been with them before they will assess a surcharge at all . This is a great question to ask when you are shopping for homeowners insurance . And because insurance companies ' change their procedures , it also important to review your policies periodically with your insurance professional .


Input: When Do You Sign Up For Medicare?

Output: You sign up for Medicare in the three months before or after the month you turn 65 . E.g. . If you birthday is in May , you can sign up between Feb and Aug of that year . If you are already receiving Social Security at age 65 , you wil be automatically enrolled in Medicare .


Input: Does My Auto Insurance Expire?

Output: Your auto insurance policy usally expires in 6 month or a year . Depends on your company it can also cancel for non payment of premium . You should keep an eye on your auto insurance pollcy make sure its up to date and the premium have been paid before you get in accident and find you have no insurance !


Input: Is An Annuity Guaranteed?

Output: Some deferred annuities have guaranteed fixed interest rates for a guaranteed period . Single premium immediate annuities have guaranteed payments over guaranteed periods and can be annuitized for life time income based on the annuitant . Some indexed annuities have contractual guarantees that state the minimum return over a stated period . Guarantees are only as good as the company behind them .


Input: Is An Annuity Guaranteed?

Output: In its basic form the answer is yes . The company guarantees to pay a specified amount to the annuitant for as long as the person lives . This is a single premium immediate annuity . There are many annuity policies that vary from this principle by offering participation in the movements of the stock market . These policies have reduced guarantees and in some cases , eliminated them .


Input: Is An Annuity Guaranteed?

Output: That is a great question ! The best thing about an annuity is that in almost every case , you are guaranteed to get back at the very minimum what you put into it . Unlike the market , where you can lose your initial investment , most annuity companies will not allow you to lose your investment . You may or may not make the promised interest and returns , depending upon what type of annuity that you have , but you do n't lose the base amount , or the fact that it gets paid back to you over a specified time period . If you would like more info , please inbox me.Thanks for asking !


Input: Does Disability Insurance Cover Medical Expenses?

Output: Does Disability Insurance cover medical expenses ? It can , but not in the way health insurance would cover medical expenses . Disability insurance simply creates a pool of money for the insured to use for what they need to pay for . If medical expenses are part of their bills to be paid , then yes , disability insurance can help .


Input: Does Disability Insurance Cover Medical Expenses?

Output: Does Disability Insurance cover medical expenses ? Disability Insurance pays replacement income to the recipient , usually in an amount that averages 50-70 % of what the disabled person brought home when he/she was able to work . The money can be used to pay whatever the recipient desires . Medical bills will not be covered by Disability Insurance unless the benefit recipient uses it for that .


Input: Can You Get Life Insurance With Multiple Sclerosis?

Output: Most people with Multiple Sclerosis can get life insurance . If your MS is the relapsing remitting type with few effects and no recent exacerbations , you can usually get a medically underwritten policy for any amount you wish . If having one of the progressive types of multiple sclerosis , recent exacerbations , treatment that is being changed due to being in effective , or unable to walk or do ADL 's unassisted , you will need to take simplified or guaranteed issue coverage . But life insurance is still available for you if you fit the age requirements . To get life insurance while having MS , contact an agency that will ask these type of questions and know which company covers each scenario . It is easy to be quoted too strict -LRB- `` you have MS so no one will cover you '' -RRB- or too lenient -LRB- `` go ahead and take your chance on applying for this $ 1,000,000 policy even though you are taking Aricept '' -RRB- . Your policy will go much smoother and you will get the best possible price using agents who specialize in affordable MS life insurance .


Input: How Can I Qualify For Disability Insurance?

Output: There are two qualification items that you need to address to secure disability insurance protection . The first is health qualification . Your health records and current health condition weigh greatly when applying for disability insurance and can affect the price tag youll pay . Youll receive an underwriting offer from the insurance company . The second is financial justification , where you will need to validate your income or compensation with at least the last two years of tax returns . Once your income is verified you can look at the maximum benefit and make a value proposition decision .


Input: Is Your Home Insurance Included In Mortgage Payment?

Output: Not always . It all depends on how the loan is structired from the beginning -LRB- or refinancing -RRB- of the loan . Some lenders REQUIRE that it be part of your escrow account along with your taxes . If it is NOT part of your escrow account , you can always make monthly payments . If you do NOT have your OWN home insurance , a lender will sometimes place `` FORCED PLACEMENT '' coverage on your home to protect the lenders ' interests .


Input: Will Medicare Pay For TMJ Surgery?

Output: Medicare Part B will pay for TMJ surgery if performed by a Medicare participating doctor , or a Medicare participating oral surgeon who is not a medical doctor . As with all Medicare supplies and services , the surgery must be deemed `` medically necessary '' in order for Medicare to pay for it .


Input: Is Group Life Insurance Subject To Erisa?

Output: Yes , group Life Insurance plans are subject to ERISA , the Employee Retirement Income Security Act of 1974 . Group life insurance is a wonderful benefit , but it is often a good idea to have an individual policy along with your group policy . That way you can be sure to have it for as long as you need it , and it will not be subject to ERISA .


Input: Is Cancer Insurance Necessary?

Output: A cancer insurance policy can be a good addition to your insurance portfolio . Even though it is inexpensive , you should have proper health , life and disability insurance before you consider a cancer insurance policy . Cancer treatment usually brings unanticipated expenses . Even if you have excellent health insurance coverage , there are many ancillary costs not covered by other insurance . Treatment usually involves a lot of driving back and forth to doctors , hospitals and radiology centers , significantly increasing auto and transportation expenses . A family member may lose time at work to be a caregiver . A slew of little expenses that add up to a significant burden for many cancer survivors . If you or a family member are ever diagnosed with cancer you will be thankful you bought the policy .


Input: Is Cancer Insurance Necessary?

Output: Given the statistics it is not a bad idea . Even if you have health insurance , the out of pocket costs of uncovered items , loss of income , cost of care and other expenses can be devastating . A cancer policy will help cover those costs . I used to work with an individual who had cancer . She forced herself to come to work every day even though she was extremely ill from the chemo and radiation . She did n't have a choice , she needed the money to pay for her treatment and living expenses , even though she had insurance . I highly recommend it .


Input: Can You Deduct Car Insurance On Taxes?

Output: That really is a question for your Tax Professional.If you own your own business it may be possible that at least a portion of your car insurance premium as well as maintenance costs could be deductible on your taxes but this really needs to be discussed with your Tax Professional .


Input: Can I Claim Auto Insurance On My Taxes?

Output: Let start by saying I am not a Tax ad visor and you would do well to contact one for more detailed information.However that said , I would suggest you ask that tax professional about the expense you incur for insurance on a vehicle you use in business . generally speaking I think you will find this an issue many others have faced and the answer will be derived through them . Otherwise I personally like to use Turbo Tax since it asks you the pertinent questions and then makes a guided decision for you . You might find it meaningful as well . I have no connection with Turbo Tax but I use it most years myself .


Input: Is Car Insurance Cheaper When The Car Is Paid Off?

Output: It can be , but it honestly has very little to do with paying off the car . When there is a lienholder , they require that the insurance policy include coverage for physical damage to the vehicle , namely Comprehensive and Collision . Once the loan is paid off , there is no entity imposing that requirement any more so you could remove those coverages form your policy and save premium . Discuss this decision with your Insurance Professional in order to best understand the potential premium savings vs the possible financial risk to you in any future loss .


Input: How Much Is Homeowners Insurance For A Townhouse?

Output: That is a great question ! I 'd love to give you a concrete number , but there are several things that can make a difference . The first is the area where your townhome is located . The costs of rebuilding or repairing homes in your area helps determine the price . So do crime statistics , weather threats , -LRB- hurricanes , flooding , or tornado 's for example -RRB- , and home prices . The premium will also depend upon the amount that you want insured , and the deductible amount you can afford . I 'd recommend that you contact a local agent or agents to give you some accurate quotes to choose from . Thank you for asking !


Input: How Much Is Homeowners Insurance For A Townhouse?

Output: The risks of a townhouse are different from those of a condominium . The townhouse owner actually owns the ground under the townhouse and is thus liable for personal injury and property damage claims that might occur on any of the deeded property . Normally the condo association covers the exterior of the building . In a townhouse the owner is responsible . The townhouse would be rated like a normal homeowners policy .


Input: When Should I Drop My Term Life Insurance?

Output: The easy answer to drop your term life insurance is when you goal for that plan is met . For example , if you purchased the plan to cover a 30 year mortgage and paid it off early and have no further need for the protection you should drop it . If the term is met and the rates increased drastically you may want to drop it and apply for another policy if your health is still good . Another scenario may be retirement and the nest egg is fully funded with no unforeseen circumstances , it could be time to drop it or convert it to permanent life insurance or paid up life insurance if the need for a death benefit still exists .


Input: When Should I Drop My Term Life Insurance?

Output: Seriously now , do you want to drop your life insurance or just switch it from term to permanent ? Permanent is the answer for most people . Before you get much older and your rates go up , that is the time to switch from term to permanent . We have products that will share in the stock market 's growth , but not in their downswings . Sound too good to be true ? Well it is not , and it can even cover your medical needs during your life , while also protecting your family . Contact a live agent with Premier Financial Alliance and learn about the products of National Life Group we handle . They are our premier products . GARY LANE . Thank you .


Input: Is Medigap The Same As Medicare Advantage?

Output: Medigap -LRB- AKA Medicare supplement -RRB- and Medicare Advantage are like apples and elephants . Medigap is a supplement to fill in the holes -LRB- gaps -RRB- in Medicare by paying your deductibles and coinsurance . Medicare Advantage puts you in a private Medicare system managed by insurance carriers and introduces networks , copay 's , a lot of moving parts and a lot of out of pocket .


Input: Is Medigap The Same As Medicare Advantage?

Output: Medigap is very different than Medicare Advantage . Medigap , offered by a private insurance company , works in conjuction with Medicare , helping to cover some or all of the remaining balance of your bills after Medicare pays their share . With Medicare Advantage , which can often be obtained at no cost , your entire health coverage is provided by a private insurance company , one who must cover as much , if not more , than Original Medicare . For most people , the combination of Original Medicare and Medigap Plan F offers the most coverage available . If you do not have a budget that allows you to purchase a Medigap plan , then consider an Advantage plan , which will provide more coverage than simply remaining on Original Medicare .


Input: Is Health Insurance Paid By Employer Taxable?

Output: A standard HMO , POS , PPO , etc form of health insurance that is provided by your employer and payed for by your employer will not be taxable by the IRS . Such situations are generally governed by the princplei of constructive recipt , which basically states that an employer can redirect their employee compensation to fund employee benefits such as health insurance - pretax which avoids FICA/FUTA taxes for the employer/employee and as long as the employee does not recieve the funds but has the funds go directly from payroll to the insurance company then they will not be held liable for any tax requirements on that transation . However there are many situations in which a form of insurance will be funded in such a manner however when the policy holder files a claim they directly recieve a check , in such instances that money that is recieved will often time be taxable .


Input: When Should Home Insurance Start?

Output: A homeowners policy should start the moment that you become the owner of the home . Your lender will make that a requirement and the title company will normally enforce it rigorously . If you are contemplating the purchase of a home , may I suggest that you determine which agent will handle the transaction and give their name and telephone number to the title company ? That eliminates most errors that occur .


Input: What Exactly Is A Graded Benefit Whole Life Insurance?

Output: Graded benefit whole life insurance pays out a reduced death benefit during the first 1-3 years that you have the life insurance policy , for death due to illness or old age . Sometimes the death benefit starts out very low in year one , then goes up a bit in year two , and so on until the policy pays 100 % . Thus , the title , `` graded '' . Most graded life insurance policies will pay out 100 % from day one for accidental death . Graded life insurance pays back more than you paid in during the first graded years of the policy , and more than you would be able to get from a savings account . So certainly has its place for those who are unable to get a policy that pays 100 % from day one for death by any reason .


Input: What Exactly Is A Graded Benefit Whole Life Insurance?

Output: Grade benefit whole life insurance is generally the final coverage alternative for those who have been declined or are too sick to obtain traditional life insurance . The death benefit is a step increase , usually after the second year to protect the companies from risk aversion the first 24 months of the policy . By the fifth year the death benefit is generally level going forward .


Input: What Exactly Is A Graded Benefit Whole Life Insurance?

Output: Graded whole life policies are designed to allow a person who would otherwise be turned for traditional whole life insurance due to existising health conditions to purchase a whole life policy . They are usually offered and purchased as a small final expense policy . Because the policy is graded you wo n't receive full benefits for the first couple years . Benefits are limited to the premiums paid in plus and interest factor that is determined by the insurance company and this can vary depending on the insurance provider . Once a policy holder is past the first two to three years full benefits would be paid to the beneficiary .


Input: Will Medicare Pay For Synvisc Injections?

Output: Yes , Medicare will pay for Synvisc-One injections if for the treatment of osteoarthritis of the knee . The osteoarthritis must be verified by X-Ray and of course , the one giving the injection must be Medicare approved . It can only be given once every 6 months and only osteoarthritis of the knee is approved by Medicare for Synvisc , which is a hyalauronan drug .


Input: Will Medicare Pay For Synvisc Injections?

Output: I am correcting my original answer due to a message I received from a helpful reader : Florida BC/BS and Oklahoma Health Care Authority have listed this drug as well as the other hyaluronic acid injections as non-covered based on the May 2013 AAOS release of Treatment of Osteoarthritic of the Knee : Evidence Based Guidance which included information that this treatment for OA of the knee is no longer recommended .


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

Output: When your loved one dies , you can contact the insurance company within days and they will send you a claim packet . The thing that usually takes longest is getting back the certified death certificate that needs to be returned with the claim packet . Funeral homes usually will order those for you ; in fact , some funeral directors even will assist you with filing the claim .


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

Output: When the death of the insured occurs , you need to collect the obituary , the certificate of death and add a cover letter outlining the event to the life insurance company . In general the death claims proceeds should be paid out 30-60 days after the receipt of these documents . The time could be longer in death occurred in the contestability period , generally the first two first from the date of coverage .


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

Output: When a person dies , call your agent or the company . The agent can help you fill out the death claim form . You will need a copy of the death certificate . Once the company receives the death claim and death certificate they will usually issue a check very quickly , usually within a couple weeks .


Input: Which Disability Insurance Is Best?

Output: To find which Disability Insurance is best for you , you need to visit with an agent who understands this product and can shop several companies to find your best rate . Your agent can also help you figure out which features to include on your policy so that it accomplishes the purposes for which it is intended .


Input: Where To Apply For Cobra Health Insurance?

Output: Your employer must provide you with a COBRA election form within 14 days of departing from your job for reasons other than gross misconduct . You have 60 days to decide if you want to purchase coverage under COBRA . If you do , follow the instructions provided on the form given to you by your employer .


Input: How Long Does It Take To Get Put On Car Insurance?

Output: A person doesnt get put on an auto policy . Auto policies cover automobiles . The insured in California is considered the named person and so is every driver living in his or her household . If you get your license or move into a home where there are insured automobiles the procedure is the same . Notify your agent or the company directly . Some companies have applications for cell phones that allow you to do this . The important thing to remember is that it is the car that is insured and if you are allowed to operate the car you are covered by the cars insurance .


Input: Who Can Sell Annuities In Tennessee?

Output: Fixed and indexed annuities in Tennessee can be sold by agents licensed in life insurance . Some life insurance agencies specialize in annuities , so call ahead to make sure you are getting choices from a number of carriers , and that you get sound advice . Agents who sell variable annuities must also be licensed in securities .


Input: Will an insurance company pay if cause of death is gunshot wound and manner is undetermined after the 2 year constabulary period in a case that was clearly a suicide?

Output: Life insurance typically will not pay a death claim if the cause of death is suicide within 2 years upon issue of the policy . After the 2 year contestability clause has passed , life insurance companies will pay the death benefit . If suicide occurred within the contestability clause , the beneficiary should receive back the premiums that were already paid -LRB- not the death benefit -RRB- .


Input: Will an insurance company pay if cause of death is gunshot wound and manner is undetermined after the 2 year constabulary period in a case that was clearly a suicide?

Output: That is a great question ! I am sorry for your loss , let me say that first ... you are obviously aware that there is the two year cooling off period , and that it has passed , so I am going to assume that the company is dragging its feet about paying for some other reason . My guess would be that they are looking for evidence that will show that the death was a result of some form of criminal activity , or that there was some form of illness that was n't properly disclosed on the application . In both cases , if there is something on the policy application that was signed off on -LRB- and many policies will state that they will not pay out if the death occurs as a result of criminal activity , or fraud on the application -RRB- that they could use , they may be waiting on a more definitive answer from the police or coroner . I do not know the specifics of your case , nor anything about your insurer , so bear in mind that this is just guesswork on my part , and in no way infers , implies , or suggests any wrongdoing on the part of you , your loved one , or the insurance company . Just searching for an answer to your question . Thank you for asking .


Input: Will an insurance company pay if cause of death is gunshot wound and manner is undetermined after the 2 year constabulary period in a case that was clearly a suicide?

Output: Life insurance policies in most states with a few exceptions have a contestability clause on suicide . The method of suicide is irrelevant . Most contestability clauses are two years from the effective date . Yes , if the cause of death were to be ruled a suicide and the coverage has been in force of two years the death benefit most likely would be paid . If the gunshot wound were ruled by a coroner as accidental or homicide the contestability clause would not be effected and benefits would be paid in almost all cases .


Input: What Exactly Is Credit Life Insurance?

Output: Credit life insurance is a policy that will pay the lender if you should die before your loan is paid off . The face amount of the policy decreases as your unpaid loan decreases . Credit insurance is often sold by the same lender that gives you the loan . You can often get a better rate by shopping for a regular term life insurance policy . The face amount stays level and the part that does not need to go to the lender can go toward other needs .


Input: What Exactly Is Credit Life Insurance?

Output: Video Transcript : What is credit life insurance ? There 's some different definitions on this out on the web that you can see , but credit life insurance , some banks will say , `` I want to indemnify a loan . '' If I 'm going to take a loan out from a bank , they want to be indemnified in case something happens to you so they may ask for life insurance on your life , somewhat what they call credit life . It 's very similar to mortgage insurance . If something happens to you , they want to indemnify the mortgage , or pay it off , in case one of the people that have obligated themselves to the mortgage dies . Credit life insurance can also be used in business scenarios where business take out loans , and those loans need to be protected . The bank , or the institution that 's loaning , wants to protect themselves and indemnify themselves so in case one of the people that are on the loan die , they 're going to have their insurance pay off their debt to the bank or the institution that they 're borrowing from .


Input: What Feature Is Unique To Annuities?

Output: The key features unique to Annuities are : # 1 interest earned is not taxed throughout the accumulation period . # 2 . Distributions are fully guaranteed and have multiple options such as period certain , lifetime of the annuitant among others # 3 . Unlike qualified plans such as an IRA , an annuity owner can also chose to not take distributions and let the funds in the annuity pass directly to their beneficiary . Other products have some of the features of annuities however only annuities combine the features outlined here . .


Input: What Is A Supplemental Nonqualified Retirement Plan?

Output: When a person has paid the maximum permitted amount into tax deductible plans they might want to have a supplemental plan . The vehicle for this plan is either life insurance or an annuity for most people . These two products have tax deferral as a part of their design . When these products are used to increase the amount being set aside for retirement , current income tax on earnings is generally not reported . This means that interest on the principal plus the interest earned plus the taxes unpaid make this an attractive way to save money .


Input: How Long After Death Is Life Insurance Paid?

Output: Most life insurance death claims are paid between 30 and 60 days after receiving the certificate of death and the newspaper obituary . The death benefit proceeds are then mailed or wired to the policy beneficiary . If death occurs during the two year contestability period , starting at the date of issue , the process may take longer .


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

Output: Universal Life insurance , also known as UL , is a form of permanent life insurance . A UL can be designed to last your entire lifetime . Because age is a critical element in the formula for figuring the cost of Universal Life , if you purchase a UL when you are young , the low rate you pay can be locked in for life . Term life insurance has a definite end . If you purchase 20 year term life insurance it will last 20 years . If you were to die 20 years and one day later , your coverage would have lapsed and no death benefit payout would occur . If after the first 20 year term you decided to get another term policy , you have to re-qualify by having another medical exam performed . Your age and possibly even changed health conditions would cause the cost of this new term policy to be considerably higher . Some types of UL policies can have a cash build-up inside them adding a savings component to the policy . The cash value grows tax deferred and can be used along life 's path for just about anything you deem appropriate including college education and even a retirement income stream . Speak with a qualified independent insurance agent to learn which type of life insurance will work best for your individual situation .


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

Output: That is a great question ! There are a couple of similarities , and a lot of differences between the two . They are alike in that they can provide a death benefit , should you pass while they are in force . They are alike in that the cost of the insurance rises as the policy ages . They are alike in that they both can end abruptly . Term policies have a designated end date , and to receive the death benefit , you must pass during that term period between policy start and end dates . There is no cash value , or perks , and the price may be set , or it may increase after a guaranteed period , at which point the rates increase . Universal life policies are term policies with whole life characteristics The policy is guaranteed to last a certain number of years -LRB- generally 20 -RRB- , but can end sooner , or last longer , depending upon your payments , and the performance of the policy investments . Term policies generally come with guarantees , UL policies generally come with few . They can grow large cash values , -LRB- and that is the hook that they will use to sell it to you -RRB- but there have to be several things that fall into place for that to happen . In a term policy your greatest risk is that you outlive your policy ; In a UL , it 's that you outlive your policy , and lose what you paid into it . Whole life policies fall right into the middle , and offer the least amount of risk , with the best guarantees , and benefits . Please contact me if you would like to discuss them , okay ? Thanks for asking !


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

Output: Universal life insurance can be designed in many ways with varying guarantee periods , premiums and cash value . You can think of it as a car chassis where everything above the wheels and frame can be changed depending upon needs of the applicant . Term insurance is much more limited with specific guarantee periods and no cash value in most cases .