Input: What Is Covered Under Home And Contents Insurance?

Output: You seem to be describing a Homeowners Insurance Policy , or at least a portion of such a policy . Your home and personal property are covered for loss or damage due to a range of perils listed in your policy . Talk to your Insurance Professional about the specific terms and conditions of your policy . Any loss of course would be settled subject to your policy deductible . Keep in mind that in addition to what is covered , there are usually if not always two particular perils that are excluded from coverage , namely earth movement and flood . Earth movement may be endorsed onto your policy , but the ownly answer to cover yourself from loss due to a flood is separate Flood Insurance .


Input: What Is Covered Under Home And Contents Insurance?

Output: Home and contents insurance is a form of insurance that pays for damage to your home or its contents from a number of select perils . Some companies and websites use this expression instead of calling the policies , homeowners . There is actually a range of these policies but the dominant policy used in the industry is the HO-3 homeowners form .


Input: How To Lower Renters Insurance?

Output: There are many ways that you could lower your renters insurance premium . You could increase your premium , decrease your coverage , combine your other insurance coverages with the same carrier as your renters insurance . Contact your local agent or your carrier to discuss other options that may be available to help you lower your premium .


Input: Will Homeowners Insurance Pay For A New Furnace?

Output: A homeowners insurance policy will pay to replace a furnace if damaged or destroyed by a covered loss . For example , if the furnace is damaged from fire or water damage , it would be replaced . If this question is aimed at replacing a furnace due to breakdown , the homeowners policy is not a home warranty policy . A home warranty policy should be reviewed regarding coverage for the maintenance or replacement of the furnace . In a few States and with select companies , there may be a Home Warranty endorsement available which may be purchased as an addition to the homeowners policy ; however , this is rare .


Input: When Is Medicare Open Enrollment Period?

Output: Medicare Open Enrollment Period is October 15th through December 7th . During this period you can change your Medicare Advantage Plan or Part D Prescription Drug Plan . The only other time you can make changes would be during your Initial Enrollment Period when you first become eligible for Medicare or during a Special Election Period spelled out by Medicare .


Input: What Does Auto Insurance Cover?

Output: That depends on the type of coverage that you have . If you have full coverage which includes liability , property damage , collision , and other than collision . It will provide coverage for damage to your vehicle under a covered peril less your deductible and for property damage and liabilities from an accident that you are deemed responsible for . Liability only coverage does just what it says . It only provides for liabilities that you are covered that you are deemed resposible for . To better understand your coverage please read your policy or contact your local agent to have them explain the coverage and exclusions of your policy .


Input: How Much Disability Insurance Can I Get?

Output: You can purchase Disability Insurance to replace approximately 70 % of your monthly income . Sometimes that number is a little less , sometimes a little more , depending on the company and your individual circumstances . Contact a Disability Insurance broker to discuss the features of your Disability policy options and to find out how much Disability Insurance you can get .


Input: What Is Annuity Overlap?

Output: Annuity overlap can occur in some annuities sold in the UK , if the annuity holder has chosen both a Joint Annuity and Guarantee period . An annuitant may opt whether to set up the annuity on overlap basis , and they opt when they want their dependant 's annuity to start . If they choose the day of their death as the date that the annuity 's payment is to start , and then die during the guaranteed period , the surviving dependent will receive two incomes for the remainder of the guarantee period .


Input: Can I Get Term Life Insurance If I Have Cancer?

Output: While trying to purchase a life insurance policy with a history of cancer can prove challenging , even if the cancer has been effectively treated and eliminated , it is possible in fact possible to get term life insurance with a cancer history . The rates for a life insurance policy is determined by the risk classification you qualify for . For example , a person who qualifies for a standard risk class would be viewed as having a normal life expectancy , while someone who only qualifies for a substandard rate -LRB- also known as a table rating and designated with letters A-J or 1-10 -RRB- is considered to have a shorter than normal life expectancy . Since the life expectancy would be considered shorter for someone with a history of cancer , a table rating may be assigned and a higher premium charged . Every life insurance company has their own underwriting guidelines so some companies may respond with a more favorable risk class offer than others even though they 're based on the same exact medical profile . There are several key items that insurance companies will look at to determine the risk classification assigned for your policy . Some of those items include : 1 -RRB- Type of cancer - colon cancer , breast cancer , lung cancer , prostate cancer , melanoma , ovarian cancer , skin cancer , or other internal cancers . 2 -RRB- Stage of cancer - Stage 0 , Stage 1 , Stage 2 , Stage 3 , or Stage 4 . Stage 0 is carcinoma in situ and means the cancer likely has not spread to other organs . Stages 1 , 2 , and 3 indicate more extensive disease with larger tumors or spreading . In Stage 4 , the cancer has spread to other organs and life expectancy is usually very short . 3 -RRB- If there was melanoma only , the `` Clark Level '' would be considered the same way the above stages are . 4 -RRB- Course of treatment how was the cancer treated ? Did you go through chemotherapy or radiation ? Surgery only ? Immunotherapy ? Bone marrow transplant ? something else ? 5 -RRB- How long since the treatment was completed/last date of treatment ? - cancer that was found and treated 5 or more years ago will be seen more favorably than cancer diagnosed only 1-2 years ago . The longer it 's been since the cancer was treated/eliminated/went into remission , the less likely it is considered to come back . 6 -RRB- Have you been treated/are being treated for any other health conditions such as heart disease , diabetes , high blood pressure , high cholesterol , abnormal lab test results , etc. . The best way to obtain term life insurance with medical history including cancer is with the help of an independent life insurance agent that represents many of the top insurance companies . They will be able to shop your full medical history for the best possible offer before applying for a policy . That way , you know what the most likely outcome will be before ever starting the process of filling out formal paperwork and taking an exam . Not only that , but there are no charges or fees for using the help of an agent -LRB- agents are paid by the insurance companies -RRB- . The insurance cost is exactly the same as if purchasing directly from the company . By law , the insurance company can not charge you less for applying directly . I hope the information is helpful - please feel free to contact me for assistance with your life insurance coverage needs , including shopping the case , providing quotes , and comparing options , and if you have any other questions . Thanks very much .


Input: Will My Homeowners Insurance Cover Foundation Repair?

Output: Great Question . Typically home insurance does not cover foundation repair . That type of work is not cover by insurance policy . You may want to check with the person who built your house and see what is the propor way to fix that problem . Also make sure you consult with a licensed contractor as well .


Input: Will My Homeowners Insurance Cover Foundation Repair?

Output: Your homeowners policy covers damage caused by a specified peril . Damage to a foundation would most likely be the result of earth movement or the entry of outside water -LRB- flooding . -RRB- Both of those perils are excluded in most homeowners policies . Maintenance of the home is also an excluded peril . It is , however , possible that one of the insured perils could damage the foundation and coverage would be available .


Input: What Happens To Homeowners Insurance During Foreclosure?

Output: It would be very important to talk to your insurance professional about this . A foreclosure action may indeed be a trigger for your insurance company to take action to cancel your policy , especially if you leave your house vacant and unattended during the process . Your policy will tell you what actions may be taken .


Input: What Happens To Homeowners Insurance During Foreclosure?

Output: A home that has been foreclosed on would constitute a change of title/ownership . Thus , the homeowners insurance policy would be null and void ; homeowners insurance policies define the dwelling as the titled owner 's primary residence . Once title has been transferred , the homeowners insurance policy is literally useless ! The insured should contact the insurance company , cancel the policy and request the return of any unearned premium .


Input: What Happens To Homeowners Insurance During Foreclosure?

Output: I 'm not sure I would suggest simply cancelling your policy . If you no longer own your home , you no longer have an obligation to insure it , but do n't forget your homeowner 's policy also covers your personal property -LRB- which you would still own -RRB- , additional living expense should your living quarters be damaged and untenable and personal liability coverage . If you are still living in the home or move into a rental , you should be able to amend your current coverage to cover your new living arrangements .


Input: Does Auto Insurance Build Your Credit?

Output: Unfortunately , it will more than likely not affect your credit at all . The best you could hope for is that a company will look favorably upon a coverage history when deciding whether or not to provide you with credit . Typically your credit score is based on payment history of credit cards , loans and a few other factors . Normally not insurance payments . Things can change . If in doubt check with your local agent . Each state is different and legislation is a moving target .


Input: How Much Is Cobra Health Insurance In Arizona?

Output: Great question . Cobra cost a lot in Arizona . If you have been laid of your work and in good health than cobra is the most expensive option for you . You can apply on your own and get individual insurance for much less money than cobra in Arizona . Please call your local agent for detail .


Input: How Has Medicare Changed Over Time?

Output: Medicare has changed in many ways over the years from the original hospital and doctor only coverage to a more comprehensive -LRB- and expensive -RRB- plan we have today . Through the years coverage has been added for treatment by an HMO , speech and physical therapy including chiropractic . In recent years drug plans have been added as well as `` private '' Medicare Advantage plans


Input: Does Car Insurance Cover All Drivers?

Output: In California insurance follows the car . The car is linked to a household so all the drivers in the household are either included or excluded from coverage . Permissive drivers are covered unless specifically excluded . It is best to consult with your agent if you have a question that goes beyond this information .


Input: Does Car Insurance Cover All Drivers?

Output: Coverages can vary by State - but in Texas the insured party is defined as 1 -RRB- Named Insured 2 -RRB- Spouse and 3 -RRB- residents of the household . There is normally some coverage for permissive drivers . There is NO coverage if the vehicle is stolen or used for some type of criminal activity . Coverage can also be excluded on drivers - so they may or may NOT be covered . It 's best to read your policy and determine who IS and who is NOT insured ! Hope this helps !


Input: How To Withdraw Money From Life Insurance?

Output: Assuming youre addressing one of the three types of current assumption universal life insurance , there are a few things to consider before you access your policy cash values . First order an in force ledger . The ledger will display the current and guaranteed values , a good starting place to begin determining if you should withdraw to basis or take out policy loans of gain . If your life insurance policy was issued as a non-modified endowment contract and it has accumulated cash values over 15 years or more you should be able to take your basis out first tax free and free of policy fees . If you need access before 15 years , then policy loans should be used . But be aware of the policy loan charges .


Input: Why Is Term Life Insurance Recommended?

Output: There are two financially oriented universes : an insurance planning universe , and a financial planning universe . In the former , it never makes sense to buy term and those that live in that universe will give you an infinite number of reasons why - in the long run - it is a waste of your money . If you buy term , you will be called a `` termite '' . In the latter , term insurance - or permanent insurance - are viewed asfinancial vehicles that can be used to achieve a certain objective or several objectives at once , through leveraging : paying `` small '' dollars now for `` large '' dollars later . It 's called `` using the right tool for the job '' . Neither universe is right or wrong , although I would imagine you know which universe I come from . The point is to stay fixed on how much death benefit -LRB- coverage or face amount -RRB- you need and for how long . The way I see it , one needs term when they have a high need and a low budget , and a type of permanent insurance policy for when they eventually die . In other words , you need both . I recommend buying term in the higher amount that you need early in life -LRB- wife , kids , education , mortgage , etc. -RRB- for the period of time you are most likely to need it -LRB- 20-30 years -RRB- , but at the same time , buy a small face amount of permanent insurance to cover final expenses , projecting forward a nice , long lifetime and what it will probably cost to put you in a box , or reduce your mass through pyric methodolgies and put you in an urn . Allow for other final expenses , such as possible debt , medical expenses not covered by insurance , and a little `` transitional money '' for those you leave behind . That way , when your term runs out , you 'll have only the permanent plan to pay premium on , and , if you design it prudently , you might find that your final expense policy no longer needs any premium when your term runs out . You 'll need an experienced and knowledgeable agent from the appropriate universe to put this together for you so that it fits your budget . Final note : As has been appropriately mentioned in an answer above , be sure to purchase only `` fully convertible term '' for the reasons cited therein .


Input: Why Is Term Life Insurance Recommended?

Output: Why is term life reccommended ? Because mainly the people who recommend it have something else to sell . A smart person will review term , universal and whole life in their search for what works for them . That 's the key , what works for you ? Not the advisor , not the guy selling a book , but works for you . You 'll often find a disclaimer by those who offer financial advice , calling it `` entertainment '' . I want my choices to work for me , not entertain me .


Input: Why Is Term Life Insurance Recommended?

Output: Term life insurance is recommended because its the cheapest coverage for indemnifying economic loss to your beneficiaries . Depending upon your age , you can secure up to 30 years of guaranteed coverage and if you purchase a term life insurance policy with a conversion provision , you can have the option of extended your coverage with permanent life insurance without medical evidence . Now should term life insurance be recommended ? If your financial liability is temporary , then perhaps you should but term , but buy it with a conversion provision because lifedoes n'tremain the same . Liabilities change , so keep your options open .


Input: When Can I Change Back To Original Medicare?

Output: If you are currently in a Medicare Advantage Plan and want to switch back to original Medicare you may do so during the Annual Election Period with an effective date of January 1 . The Annual Election Period is from October 15th thru December 7th each year . You may also have a Special Election Period should you move out of your plans service area , your plan is discontinued , or if you qualify for Medicaid or Low Income Subsidy .


Input: Is Selling Life Insurance A Good Job?

Output: I ca n't speak for everyone , but selling life insurance as a career has been very good to me and my family as well as my producers and clients . I have delivered death claims , generated tax free income for retirement and created an estate for middle class families . Life insurance is amulti-dimensional product serving avarietyof financial needs .


Input: Is Selling Life Insurance A Good Job?

Output: I think we have one of the most important & rewarding jobs in America . Joe Jordan sums it up best : `` What I do for a living is I protect the innocent when someone dies prematurely . I provide a worry-free retirement that people ca n't outlive . I protect their assets when they get sick . I provide a legacy when they die . ''


Input: Is Selling Life Insurance A Good Job?

Output: Life insurance sales is an excellent profession for the right individuals . Easily a six figure income IF YOU WORK If you search most desired fields ofemployment life insurance is always near the top . Commissions are high AND we get annual residual . Whats the downside ? Not all of us are cut out to work independently . There is a lot of rejection . After each policy written you are out of work again till you find the next person that needs your help .


Input: Is A Retirement Plan An Asset?

Output: Qualified or non-qualified retirement plans are funded by various savings and investment vehicles . Those account funds are generally owned individually and are counted as assets of the account owner . When distributions are generated , any taxes due will be treated as ordinary income at the account owner 's effective tax bracket rate .


Input: Does Medicare Cover INR Testing Once A Month?

Output: I 'd suggest that the easiest way to find out if this is covered under Medicare is to ask your doctor 's office . Usually , blood testing is covered under Medicare Part B , but this is a more specific test . Most blood testing is n't done `` monthly . '' The doctor 's office staff usually knows how to present the situation to Medicare so that tests are covered .


Input: Does Medicare Cover INR Testing Once A Month?

Output: Medicare can cover INR testing once a month when certain conditions are met . Typically you 'll need to consult with your doctor and have them determine if it is medically necessary and confirm with Medicare that the treatment course will be covered -LRB- would fall under Part B - your physician insurance for outpatient procedures -RRB- . Here 's a link to a publication from CMS -LRB- the Center for Medicare and Medicaid Services -RRB- that provides a detailed explanation regarding INR testing , what specific conditions must be met to have it covered , and how Medicare covers it : WEBSITELINK Please note , under Medicare Part B , only 80 % of the expense would be covered by Medicare . If you have a Medicare Supplement plan , it may cover some or all of the other 20 % -LRB- depending on the plan letter you have -RRB- of the service expenses . If you do not have a Medicare Supplement , please feel free to contact me to see about qualifying for one . Medicare Supplement plans are standardized , meaning the benefits are exactly the same regardless of which insurance carrier you have the coverage through -LRB- only the price is different ! -RRB- Even if you already have a Medicare Supplement plan , I can take a quick look to see if a lower monthly premium is available -LRB- takes less than 5 minutes and I may be able to save you a ton of money on your monthly premium -RRB- . I hope the information is helpful - please feel free to contact me with any other questions . Thanks very much .


Input: Does Medicare Cover Epiduo?

Output: Epiduo is a prescription drug so it would not generally be covered under Original Medicare -LRB- Parts A & B -RRB- - you can use the plan finder tool on the Medicare.gov website to see what prescription plans will cover the medication as well as enroll in a plan -LRB- if an available time to - e.g. having a special enrollment period or it 's the annual enrollment period -RRB- .


Input: Does Health Insurance Reform Affect Me?

Output: The short answer is yes . ACA -LRB- Obamacare -RRB- impacts everyone , and some more than others . Employees who receive coverage through their work may notice very little change in their plan or contribution ... unless they work for a smaller company -LRB- fewer than 50 employees -RRB- that is either terminating the group health plan or reducing hours below 30 per week to avoid paying for health insurance for those employees . Those who will see the biggest impact are those without health insurance now . Most of them will be eligible for coverage , regardless of your medical history . If your income is less than 133 % of the FPL -LRB- Federal poverty level -RRB- you may qualify for Medicaid at no charge to you . If you earn more than 133 % of the FPL but less than 400 % you may still qualify for a premium subsidy . Those earning more than 400 % of the FPL can purchase insurance in the open market -LRB- off exchange -RRB- and pay the full premium . Individual major medical plans will have considerably higher premiums than you have now -LRB- in 2013 -RRB- , fewer plan choices and fewer carriers to pick from . Premiums for plans issued in 2014 will be roughly double 2013 premiums . So yes , ACA will affect you .


Input: Does Health Insurance Reform Affect Me?

Output: Every citizen is impacted in some way by the Affordable Health Care Act . The law provides that each citizen either carry health insurance or pay a penalty , which the Supreme Court has determined is a tax . The description of the coverage you must carry is mandated by the act and includes services which you may never require ; however , the act mandates the coverage . The legislation creates a situation where those who previously did not have coverage are now receiving coverage and a portion of the cost is being born by the government , which is your money at work . That certainly affects you . The legislation also provides for some rather complicated tax reporting .


Input: Does Health Insurance Reform Affect Me?

Output: Additionally , each state may be impacted differently . For example , my home state of Ohio is expected to see some of the highest increases , since very few benefits were previously mandated . Purchasing coverage outside of the Exchange may be a viable affordable option if the federal tax subsidy is not available .


Input: What Does The Average American Pay For Health Insurance?

Output: Great question , Health insurance will depend on many factors such as zip-code , your age , height , weight , etc. etc. . A broker can help you , tell him or her what you can afford and what you want . Normally the higher the deductible , the lower the premium . Hope this helps .


Input: What Is Viva Medicare Plus?

Output: Viva Medicare Plus is a Medicare Advantage Plan offered by Viva Health . In addition to plans with and without drug coverage , members of the Viva Medicare Plus are offered some free preventative services . The service area is in Alabama , mainly around Mobile and a wide corridor going north and south along I - 65 .


Input: Does Life Insurance Accrue Interest?

Output: Depending on the type of policy , it can . With universal life policies , most use an interest rate applied to the cash accumulation account . With these plans , the gains from the paid interest rates are tax deferred . With traditional whole life policies sold by mutual companies -LRB- those who also pay dividends -RRB- the gains can be contributed to an interest bearing account . However , using this option does create a current taxable income on the gains the account has . So , not really the best option for a life insurance policy where the goal may be tax deferral on the gains .


Input: Does Life Insurance Accrue Interest?

Output: Yes . The cash value of whole-life insurance will have a fixed interest rate that it pays . Universal Life insurance will have an interest rate that can be adjusted by the insurance company . Term does not have a cash account so it does not pay interest . Some whole-Life policies also pay dividends .


Input: Does Life Insurance Accrue Interest?

Output: Term insurance does not accrue interest and whole life policies accrue dividends . Universal life insurance does accrue interest . There are 3 different types of universal life insurance that will accrue interest : Fixed Universal Life - accrues interest based on a rate by the insurance company Indexed Universal Life - pays interest determined by an external index , such as the S & P 500 . If the index goes up , then interest is paid , usually up to a cap . If the index is negative , then there is usually a floor of 0 - 2 % , so no interest may be paid , but this policy provides downside protection . Variable life - interest is paid according to the stock or bond market . This cash value in a variable policy may go up or down depending on the market .


Input: Which Is The Best Life Insurance To Get?

Output: The best life insurance to get is going to depend on many factors . The most prominent one being why are you taking out the policy . Otherwise , I would say a whole life policy is the one that will provide a lot of bang for the buck in most cases . To ensure that you get the policy that is right for you contact your local agent and discuss your needs and expectations so that they can direct you to the policy that best fits .


Input: Which Is The Best Life Insurance To Get?

Output: The best life insurance to get is the one that fits your particular need the best . Obviously , you want to get a competitive and affordable price , but sometimes it is worth paying extra to get a policy that will last as long as you need it to last or to generate cash value if you want to use it for that purpose . Sometimes the type of life insurance you can get is limited by your health or age . In order to get the best coverage for your situation , it is a good idea to talk with an agent .


Input: Which Is The Best Life Insurance To Get?

Output: It depends on the financial planning goal . Life insurance addresses three major planning goals : Indemnification , Income and Inheritance . Indemnification is insuring the lives of family members or business associates for the economic benefit of their beneficiaries . To indemnify the economic liability of short term financial exposure , you may want to consider term life insurance with a conversion policy provision to permanent life insurance . If the financial liability is perpetual , a permanent life insurance policy is recommended . Guaranteed universal life is the most economical of permanent policies . Income from life insurance policies can generate tax advantaged distributions for supplemental retirement planning . There are four life insurance policies to consider based on your risk tolerance . Participating whole life and current assumption universal life use interest rate crediting methods . Indexed universal life can use domestic and foreign indices . Variable universal life use separate subaccounts allocated to equities and bonds . Inheritance planning with life insurance can address estate transfer taxation , charitable giving and creating an estate for children and grandchildren . Married couples should consider guaranteed survivorship where two lives are used in one policy which can result real savings instead of two separate policies .


Input: Does Auto Insurance Pay For Death Of Someone Else In An Accident?

Output: If you are deemed liable for the death in the accident , your insurance may pay up to your liability limits only . In wisconsin if you are responsible for the death of an adult in an auto accident the state mandated amount is $ 350,000 / each and for a child it is $ 500,000 / each . In order to try to protect yourself properly , I recommend that everyone has an umbrella policy that helps provide extended coverage at a lower cost . To under this better call your local agent and discuss your concerns with them as each state has its own regulations and each company has its own set of coverages and exclutions .


Input: Does Auto Insurance Pay For Death Of Someone Else In An Accident?

Output: If you are held liable for an auto related death your auto insurance policy could pay up to the limit of liability you carry depending on final judgement . In California there is no set amount other then what is determined by the court . You could be sued for 1 million dollars or more which is why I always recommend an umbrella policy . If the judgement is great then your currentcoveragethe insurance company can max out and their obligation is met . Once the insurance companies obligation is met the courts can put a lien or judgement against your assets to make up thedifference . This could include home , cars , other properties and even your retirement .


Input: Is Life Insurance Considered Community Property In Idaho?

Output: Yes , Idaho is a community property state and life insurance would be included in the list of assets that are considered community property . Most applications for life insurance will include acknowledgement paperwork speaking to this fact .


Input: How Much Does Medigap Coverage Cost?

Output: Medigap rates for the same plan vary by age , gender , zip code , tobacco use and carrier . Plan F is the most popular . Plan F is also the most expensive and rarely delivers good value . All plans with the same letter are identical in every way ... except premium . When you pay more for a `` name brand '' you do n't get more , you simply paid too much .


Input: Does Home Insurance Cover Bed Bugs?

Output: The key to understanding Homeowners coverage is the word damage . While an insect infestation is messy and expensive it rarely results in damage . The language in your homeowners policy probably excludes damage caused by insects . There is a provision for unsuspected termite damage but rarely anything for bed bugs .


Input: Why Does Life Insurance Cost More For Black People?

Output: There is no discrimination in life insurance prices for any person based on race , religion , or sexual orientation . If you are a healthy black male or female , you will most likely get your lowest cost by applying for a policy that requires an exam -LRB- called medically underwritten life insurance -RRB- . If you have health issues , do n't just automatically buy guaranteed issue policies that do not require any health information . While easy to get , they have a high price tag for the amount of coverage you get . Have a qualified agent determine if you can qualify for medically underwritten life insurance , or there may be simplified issue plans that can secure you a lower cost .


Input: Why Does Life Insurance Cost More For Black People?

Output: That is an interesting question . I 've been an agent for many years , and I can speak from experience when I tell you that price is not based on color . I do not work with any companies -LRB- and I work with many -RRB- that would even consider breaking the law that way . That said , there are some things that come into play that might make you think -LRB- wrongly , I promise you -RRB- that It may cost more for African Americans . Life insurance costs are based in great part upon risk factors , including high blood pressure , diabetes , and obesity . These factors , along with heart disease are statistically common among all Americans , but much more so among African Americans . The American Heart Association in an article released last September suggests that a gene found in African Americans may be the cause for the highest rates of hypertension in the world . This disease is the leading cause of heart disease -LRB- # 1 killer of Americans -RRB- and strokes -LRB- # 4 killer -RRB- . Their article also outlines problems with obesity -LRB- 63 % of men , 77 % of women over 20 years old -RRB- among the community , as well as higher rates of diabetes -LRB- 2x as likely as whites to have it , among those 20 and older 15 % have the disease -RRB- . The US Dept. of Health and Human Services Office of Minority Health documents higher rates of cancers among the African American community in 2009 research , as well as higher mortality rates . Insurance companies are n't as concerned about the causes and reasons behind the statistics , as much as the heath issues of the applicants . If you are of any race , your rate will be higher if you suffer from diabetes or hypertension , especially if it has gone uncontrolled . The life expectancy of anyone with those issues is shortened , and so the companies bear more risk , and as a result charge more . The better the health , the cheaper the rates might be a simple way to put it , since the risk to the company determines the rate they will charge to insure you . If you smoke , expect to pay more . If you are overweight , expect to pay more . This will be true regardless of race , where you live , or the amount of coverage you apply for . I hope that this helps you understand how the industry works , and why it might seem like it is unfair . Thanks for asking !


Input: Why Does Life Insurance Cost More For Black People?

Output: As an independent life insurance broker for over 20 years and of scores of life insurance carriers I can honestly say I have never been asked this question . Not only is this against the law but there is no question on an application that asks for someone 's race . There is no known link that a person 's skin color has anything to do with their mortality . I am not sure what source your information was derived from , but I can assure you that it is not true with life insurance .


Input: How Do You File A Renters Insurance Claim?

Output: There are several ways to file a claim with an insurance company . You can call the claim department , file online or contact your agent . I would recommend speaking with your agent first unless it 's an emergency . Your agent will let you know the policy limits and explain the claim process as well as offer advice on the best course of action .


Input: Is It Legal For Landlord To Require Renters Insurance?

Output: That would depend on your state regulations . In most cases landlords will recommend renters insurance and their are a few that will require it as part of the lease agreement . Renters insurance is there to protect both you and the landlord . Remember if the apartment building or the home you are renting were to burn down the landlord is not responsible for the replacement of your personal property in most cases and they typically will not provide the funds to secure another residence . Renters insurance can help with both . Contact your local agent to find out about all of the coverage offered with renters insurance and any exclusions that there may be .


Input: Does Car Insurance Lower At 21?

Output: It may . Whether or not your rate goes down when you turn 21 is up to the carrier . All carriers set their own rate tables , so it is a possibility that your carrier may of may not have 21 as an age break point . Contact your local agent they should be able to check with your carrier and find out if your rate will change at renewal after you turn 21 .


Input: What Is Health Insurance Portability And Accountability Act?

Output: The Health Insurance Portability and Accountability Act of 1996 -LRB- commonly known as HIPAA -RRB- protects patients medical information in that your personal information can not be shared with another party without your authorization . The other aspect of HIPAA that most people are familiar with is COBRA . COBRA allows you to continue employer coverage for a while after your employment has terminated . Under the affordable care act , coming off of group coverage does grant you a special enrollment period as it 's a qualifying event so you would want to compare options between COBRA and plans available on the individual market - an experienced health insurance broker can help you with this . 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: What Is Health Insurance Portability And Accountability Act?

Output: HIPAA has been around for several years -LRB- since 1996 -RRB- and is a very broad law addressing many aspects of employer provided group health insurance . The main provision that most people are familiar with is the COBRA act that allows you to continue employer coverage for up to 36 months after your employment has terminated .


Input: What Is Health Insurance Portability And Accountability Act?

Output: The Health Insurance Portability and Accountability Act provides protections for an individual 's personal health information . If gives patients numerous rights in that area . As a practical matter , it insures that person health information is not made available to parties without the express permission of the individual . Although there are exceptions about the sharing of information between healthprofessionals , inherent in the act is the fact that we should have control of who sees our health information and how that information is used . That expectation of privacy is extended to prevent family members from gaining information without one 's knowledge and permission .


Input: What Is The Best Health Insurance In Germany?

Output: In 2007 , health insurance reform legislation -LRB- No ... Not Obamacare ! -RRB- was passed in Germany . It is now the law that citizens must obtain basic hospitalization coverage along with several other benefits including outpatient care . Maternity is one of the `` essential benefits '' also required . In early 2015 , more reform legislation was passed to reduce consumer costs . So . . back to your question ... You can purchase government-provided coverage -LRB- GKV -RRB- or buy a plan from a private insurer -LRB- PKV -RRB- . You can also elect a hybrid combination of both . If you have a high household income , private coverage is the likely result . Owning your personal plan will allow you to better customize the benefits you want . For example , you may not need a low deductible if you have no health issues . Or , if you take an expensive medication , you can choose a plan with lower drug out-of-pocket expenses .


Input: Does RMD Apply To Roth IRA?

Output: That is an excellent question ! One of the great reasons why people should invest in a Roth IRA is that the required minimum distribution rules do not apply to them . In fact , you never have to take a withdrawal from them at all , should you choose not to . Your beneficiaries would be required to take their tax free payouts from the account you pass on to them . A normal IRA is required to start payments at 70 1/2 , but Roth 's do not . I hope that helps , thanks for asking !


Input: How Much Is Car Insurance In MA?

Output: The only way to find out is to request an actual quote . What I can tell you is that auto insurance will be more expensive in a big city such as Boston than in a less populated area because of the higher likelihood of a claim and the higher cost of repairs in a bigger city . Also , keep in mind that not all insurance is the same and you generally get what you pay for . I highly encourage you to get liability limits higher than the legal minimum in your state . Liability coverage is pretty cheap if you have a good driving record and if you ever have an accident and injure someone you 'll be VERY happy you have higher limits .


Input: What Does Life Insurance Typically Cover?

Output: Life insurance is intended to provide some monetary assistance in the event that the insured passes away while covered . Life insurance is typically meant as a way for the family of the insured to be financially capable of moving on after the loss . The funds from the policy are intended to help provide for those things that could have possibly been provided -LRB- i.e. pay off debt , pay for college , etc. . . -RRB- by the insured if the insured had not passed . This is a very limited explanation of life insurance , contact a local agent to discuss your wants and needs with this type of coverage .


Input: What Does Life Insurance Typically Cover?

Output: Life insurance covers the death of the insured person , by making a payment to the beneficiary or beneficiaries named on the insured person 's policy . The death is covered whether it is caused by illness , injury , or `` old age '' . Even suicide is covered in the later years of the policy .


Input: What Does Life Insurance Typically Cover?

Output: Although called life insurance , it actually covers the loss that occurs at death . It may have supplemental riders that would also include benefits if you become disabled but the basic benefit is at your death . The policy is designed to help those that you love cope with your death . It is the sincerest way that you can say , I love you .


Input: What Does Life Insurance Typically Cover?

Output: Life insurance is designed to pay a determined benefit amount upon the death of the insured . Any cause of death is typically covered except suicide within the first two years of the policy . If it can be proved that fraud was committed in obtaining the policy then only the amount of premiums paid will be returned to the beneficiary .


Input: Is Medicare A Good Insurance?

Output: Secondary Medicare helps take cost of the medical bill low . Example , Horizon Blue Cross/Aetna/Humana etc. . This helps pay the cost of the Part A and Part B 20 % cost , you will need to pay for medical treatment , and bills . This includes copayments , deductibles , and coinsurance . To keep your cost low one need to buy a Medicare Supplement plan or a Medicare Advantage plan .


Input: Is Medicare A Good Insurance?

Output: Medicare is governed by law . There isnt an insurance company involved . Enrollment is mandated by law . If you are covered by an employee sponsored program you can elect to delay enrollment in part B . The benefits under part A and B form the basis for the payment of all insurance benefits . If you have medical insurance that continues past age 65 that insurance coordinates its benefits with Medicare . That is true if you have a supplemental policy as well .


Input: Can Child Support Take Life Insurance?

Output: Child support depends upon the person paying it to live . The children and the ex-spouse have an insurable interest in the person owing the child support . When the attorneyss hammer out the agreement the parent with custody should insist on two things , cooperation from her ex-spouse to secure life insurance , and that the child support include enough to cover the insurance premium in addition to other expenses . However , dont use transferred life insurance to do this job . Have the spouse with custody apply for the policy and be owner , payer and beneficiary . That way you know that the policy will be in force when death occurs . This has happened to my clients .


Input: Can Child Support Take Life Insurance?

Output: This is more of a family law question than a question that can be answered by life insurance professionals . You should contact an attorney with family law experience for advice . It is not unusual for divorce decrees to address and give direction with respect to how life insurance is to be handled .


Input: Can Child Support Take Life Insurance?

Output: The question is a little vague , but if you mean can life insurance be part of the child support arrangement as a component of custody , the answer is yes . Many attorneys require the spouse to carry life insurance on themselves for the benefit of the children for their ongoing support in the event of death .


Input: What Is A Permanent Life Insurance?

Output: There are two basic types of life insurance : term and permanent . Term is for temporary needs , permanent is for lifetime needs . Permanent includes whole life , universal life and variations on each . They feature a design around premiums that are set to provide for lifetime coverage . That means paying more than term costs now to have coverage you can afford for the long term and protection that you can not outlive . The higher premium helps create cash value which , over time , keeps the coverage in force .


Input: What Is A Permanent Life Insurance?

Output: Permanent life insurance is generally defined by the duration of term life insurance which generally , depending upon your age , goes as long as 30 years . Permanent life insurance coverage can go as long as age 121 and as short as age 85 . There are two types of permanent life insurance for indemnification : participating whole life and universal life . If youre willing to pay the ongoing guaranteed payments , either of these will provide the coverage you need . Participating whole life insurance can also provide supplemental retirement income for conservative long term savers . To optimize this type of policy for cash accumulation and tax advanced income , youll want to use a combination of a term and paid up additions rider . There are three types of current assumption universal life crediting either current interest rates , domestic and foreign indexed accounts or equity sub accounts . To optimize these polices youll want to establish the premium youre willing to pay and the length of time youre willing pay it . Then you will want to purchase the lowest TAMRA compliant death benefit and maintain it for the life of the insured .


Input: Can An Employer Drop Health Insurance?

Output: The short answer is yes an employer can notify all its employee to seek individual coverage elsewhere because they are dropping coverage . Depending on the size of the company , a company with fewer than 50 employees is not even required to provide coverage under the affordable care act . Those with more than 50 employees can drop coverage and pay the penalty if the penalty is cheaper than buyer coverage .


Input: Can An Employer Drop Health Insurance?

Output: Any employer can choose to drop health insurance . The question that usually pops up once the decision is made to drop coverage ... `` Can I go on COBRA ? '' COBRA is continuation of coverage under the current plan . Since the plan no longer exists , neither does the option for COBRA . Most employers give employees ample notice that they are no longer going to continue to provide health insurance for the group . Use the time to seek out and consult with an independent agent , who can help you .


Input: Can Health Insurance Be Sold Across State Lines?

Output: Can health insurance be sold across state lines ? Yes , it is done everyday and has been sold that way for years . That said , the policy sold MUST comply with state laws on the sale of insurance . The State line issue is sort of a Strawman issue . Pricing for insurance like health , or home or auto is based on the cost of services provided within that state , county or zip code . That is how insurance works , without the government involvement . No insurance company in their right mind is going to undervalue their premium in an overvalued cost area . That just does n't happen . So if you were to buy health insurance from a company in Utah , expecting Salt Lake City rates for your coverage in San Francisco , you 'd be wrong . The Utah company would price your policy for the cost of care in San Fran , not Salt Lake .


Input: How Much Is Medicare B?

Output: The Medicare Part B premium for 2013 for most people is $ 105 . If you fail to sign up for Part B when you are first eligible you may be required to pay a late enrollment penalty of up to 10 % per year for every year you were eligible but failed to sign up . Higher income individuals may pay a penalty . In determining your penalty premium , Medicare considers your income from prior tax returns -LRB- from 2 years ago -RRB- . The penalty plus base premium is graduated based on income and can be as much as $ 335 in 2013 .


Input: Roughly How Much Is Homeowners Insurance?

Output: That is a great question ! Unfortunately , the answer will depend on many things . The size and current value of your home , for example . Whether it has a basement , or is on a slab . The amount of value in the belongings that you will need insured . The location of the home , and the trends for houses in the neighborhood . These are a few of the items that will go into determining your cost . The average here in Houston may not be even close to the cost in your town , so it is hard to give you a solid number . If I can help you in any way , I will try , feel free to contact me . Thanks for asking !


Input: At What Age Does Car Insurance Go Up?

Output: This answer will vary from one company to the next . But generally , drivers will start to see small gradual increases in their rate after they reach age 70 . After they reach the age of 80 , rates start to increase at a sharper rate . By age 85 , older drivers start to surpass teen drivers for the highest rate . But again , these answers all vary from one company to the next .


Input: How Do You Qualify For Medigap?

Output: Other than when you are turning 65 or you 've worked past the age of 65 and are just leaving your employer plan to go to Medicare for your benefits , you will have to qualify for a new Medigap policy . The companies vary greatly in their underwriting criteria . There are companies that are tough on their underwriting and companies that are very lenient on their underwriting . Each state has a different set of companies that offer plans there . So it is too vague , not knowing where you are , to determine first the companies there and the health questions then involved . We help seniors in 34 states and know each company 's criteria by heart . We 'd be happy to look up the best companies in your area for you . We can be reached at 1-800-729-9590 . This is very helpful video that you might find enlightening ! WEBSITELINK


Input: Can Veterans Get Life Insurance?

Output: Unless a service person gets Veterans Group Life Insurance -LRB- VGLI -RRB- within a year from separating from the service , their Servicemembers Group Life Insurance -LRB- SGLI -RRB- will end and they will need to get a private policy . Contact an agency or website that carries several products to choose from to find the best rate for Veteran 's life insurance .


Input: Can Veterans Get Life Insurance?

Output: Veterans must qualify for life insurance just like any other sector of American society . They have to satisfy life insurance underwriting requirements and the premiums are based on their gender , age , smoking status , health history , current medical condition and a paramed exam results . Vocation and recreations behaviors also are assessed as well as motor vehicle violations .


Input: Does Medicare Pay For MS Drugs?

Output: Multiple Sclerosis medication can be covered by Medicare under Part D or Part B . If you have a Medicare Advantage plan your cost may be considerable . In many of those plans you pay a percentage , not a copay . If your medication is administered in your doctors office the drug is covered under Part B. Your Medigap plan F would pay 100 % of your Part B expenses in that case .


Input: Does Disability Insurance Have A Cash Value?

Output: Disability Insurance is a morbidity product with no accumulating cash values . The benefits of a disability insurance product are not considered an asset , but an insurance claim . Although most disability insurance claims are tax free , businesses that expensed the disability insurance premiums as a tax deduction , receive the benefits taxable as ordinary income .


Input: Does Disability Insurance Have A Cash Value?

Output: No , Disability Insurance does not normally have a cash value . The only way to get cash from a basic Disability policy is to become disabled and have the policy pay you cash to replace part of your income . However , you may have the option to purchase a Cash Value Rider or Equity Builder that builds up cash value in your policy . The cash value starts growing in the early years and builds up over the years until it reaches an amount that is near the total number of premiums you have paid into the policy . When you drop the policy , or hit age 65 , you are able to get this `` return of premium '' cash value back .


Input: What's The Cheapest Renters Insurance?

Output: There is no such thing as the cheapest renters insurance . Each insurance company has varying premiums based on certain criteria . So what company might have a lower premium for me may not have a lower one for you . I suggest you contact a local independent agent who can shop various companies and find you the right policy to fit your needs .


Input: Can I Have More Than One Retirement Plan?

Output: Assuming you mean more than one qualified plan the answer is yes . You could have a 401 -LRB- k -RRB- and a cash balance plan . You could also have a 401 -LRB- k -RRB- and a non-qualified plan that uses annuities and/or life insurance .


Input: Does USAA Sell Life Insurance?

Output: USAA does indeed sell life insurance . USAA -LRB- United Services Automobile Association -RRB- is a Texas based insurance carrier founded in 1922 to serve the financial needs of past and present members of our armed forces . USAA life insurance plans can be very competitive in some situations . You should always compare rates to other carriers when shopping for life insurance . You should also factor in underwriting , which can significantly impact the final rate .


Input: Why Are Variable Annuities Good?

Output: Interesting premise , that they are good . There are exceptions to everything , so that being said , variable annuities had their day in the last decade . However after the market meltdown of 2008 , many manufactures of variable annuities scaled back benefits without reducing policy expenses . There may be a question on the economic viability of current variable annuity offerings .


Input: Does United Healthcare Insurance Cover Breast Pumps?

Output: Recent healthcare legislation -LRB- commonly known as Obamacare or The Affordable Care Act -RRB- has greatly increased covered preventive services . Equipment , services and counseling are often some of the newer benefits and breast-feeding seems to be heavily promoted . However , it seems as if some policies cover only basic manual pumps while other plans cover hospital-grade pumps . It 's best to ask your broker who can promptly examine your policy . Or you can contact an experienced broker who will discuss which carriers offer the best breast pump coverage in your area .


Input: How Much Homeowners Insurance Should You Carry?

Output: Homeowners Insurance consists of Dwelling Coverage -LRB- Home -RRB- , Other Structures , Personal Property -LRB- Contents -RRB- , Loss of Use and Personal Liability Coverage . To answer the question , the Dwelling Coverage should be sufficient to rebuild the home from the ground up following a covered total loss ; this would be a total reconstruction estimate to rebuild the home . Most insurance carriers have a method of calculating the replacement cost of a dwelling based on the characteristics input when you request the initial quotation ; in most cases , this is a safe number to properly insure the home . Regarding Personal Liability Insurance , it is a good idea to purchase the maximum limit available since this coverage is very inexpensive and is not subject to any deductible . Most carriers offer a maximum limit of $ 500,000 for Personal Liability . If in the process of purchasing the necessary coverage , the consumer is attempting to generate a lower premium charge , it would be a good idea to accept a high deductible which will prove to offer a much lower premium with relatively low risk to the insured . There is a system available to obtain a quote and buy home insurance online in multiple States . An exemplary online experience for all with the ability to select different options and adjust your home insurance quote as necessary . WEBSITELINK


Input: What Can Life Insurance Money Be Used For?

Output: Whether you are referring to borrowing from the cash value of a permanent life insurance policy , or spending the death benefit left to you as beneficiary on a policy of someone who passed , the life insurance money is yours to spend as you see fit . If someone is taking out a lie insurance policy and wants the death benefit to be spent in a certain way , it is a good idea to set up a trust outlining those conditions , and then make the trust as the beneficiary of the policy .


Input: What Can Life Insurance Money Be Used For?

Output: The beneficiary can use the money however he or she wants . Usually it is used to take care of final expenses or another need that the insurance was taken out for but that is at the digression of the beneficiary . For example , a policy may have been taken out to help cover the mortgage with the spouse as beneficiary . Upon death the spouse may go ahead and pay off the mortgage or they may choose to do something else with the money , it is up to them .


Input: What Drugs Will Medicare Pay For?

Output: Some medications are covered under Medicare Part A and Part B. Drugs administered while an inpatient in the hospital are Part A drugs . Medication administered by infusion in a clinic or doctors office are usually covered under Medicare Part B . Other outpatient drugs may be covered under your Part D plan . Check your plan formulary for covered medications and cost sharing .


Input: Who Pays For Medicare Part A And B?

Output: Medicare Part A is free to the person receiving it , if they have paid into the Social Security taxes for at least 10 years . Medicare Part A has deductibles and copays for when Part A benefits are used . These are paid for by the person receiving the services . Medicare Part B has a premium that is charged to the Medicare recipient . There is also a deductible that is paid by the person receiving the care .


Input: What Does Medicare Pay For A Kidney Transplant?

Output: Medicare does cover dialysis and kidney transplants . Medicare does not disclose their fee schedules but your exposure is limited by the plan you have . If you have original Medicare Part A and Part B plus Medigap plan F you should have $ 0 out of pocket for Medicare approved charges . If your coverage is through a Medicare Advantage plan your out of pocket will be considerably greater , several thousand dollars .


Input: Who Should Purchase Long Term Care Insurance?

Output: The people who should purchase long term care insurance are those who have an estate to protect , who can afford to pay long term care premiums , and who want to ensure that they can receive the type of care they want if they are no longer able to care for themselves .


Input: How Much Does Medicare Part F Cost?

Output: The Medicare Supplement/Medigap plan F rates will vary based on age , zip code , nicotine use , and gender and rates can vary considerably between the various carriers . It is often referred to as the `` Cadillac '' plan as it it the most comprehensive . Contact an independent agent who specializes in Medicare to determine which plan will best suit your specific needs .


Input: How Much Does Medicare Part F Cost?

Output: The cost of Plan F will vary depending on which state you live in , your age and smoking status . Medicare Supplement Plan F is the most comprehensive plan on the market but it may not be the right one for you depending on your needs . There are a few other Medicare Supplement plans that are similar to Plan F but often cost way less . You should review all your options with an independent agent so they can show you all the plans available to you . You can also run a quote on our website to get an idea of what Plan F would look like .


Input: Can I Cancel Renters Insurance?

Output: You may cancel your renters insurance at any time . Generally your insurance provider will require the cancellation in writing . Hopefully you have another policy in place to cover you in the event of a loss . I would further discuss with your current agent as to why you wish to cancel the policy to protect yourself from any potential exposures .


Input: Can I Cancel Renters Insurance?

Output: Yes , you can cancel your renters insurance simply by notifying your insurance company in writing of your desire to do so . The carrier will then credit the unearned premium from the policy to your account . If that credit results in an overpayment of premium on your account , you will be refunded the overpayment . Now , depending on your reason for cancelling the coverage and the insurance company , you may be charge you a cancellation penalty -LRB- typically 10 % of the unearned premium -RRB- . You will have to get those specifics from your insurance company .


Input: Can I Cancel Renters Insurance?

Output: You can certainly cancel your Renters ' Insurance if you no longer have a need for the protection that it provides . Be sure to check to see if having such coverage is a requirement of your lease , however , before proceeding . If you are no longer renting and there are no such requirements , then provide your insrance professional with a request to cancel in writing and they will take care of the processing for you .


Input: How Does Paid Up Life Insurance Work?

Output: When a life insurance policy is paid up it simply means that no more premiums are due to maintain the death benefit . It is like paying off your car . Mutual companies who pay dividends allow you to take your dividends in the form of paid up insurance . This allows you to increase your death benefit . With whole life policies you can also take a reduced paid up policy which allows you to stop making premium payments in exchange for a lesser face amount that would be considered paid up .


Input: Can Car Insurance Mess Up Your Credit?

Output: Credit reports and scores are commonly used by auto insurance companies when underwriting and pricing the policy premiums . Credit scores have been shown to be highly correlated with future auto insurance claims . However , auto insurance companies do not report premium payment or claims information to the credit bureaus . So there is no direct impact of car insurance on your credit worthiness . However there may be an indirect impact on your credit if you suffer an auto accident while uninsured , or under insured . You may suffer from a loss of income if disabled . There may be extra medical bills , car repair expenses , and other liabilities . Any of these situations could make it difficult to make timely payments on any existing loans or debts . Late payments will certainly hurt your credit .


Input: When Does Car Insurance Go Up For Women?

Output: Car insurance can go up for women just like they can go up for men . There is no difference really other then women in general get a slightly lower rate if all things remain equal . Other then that the basic same rules apply when it comes to age , area , type of vehicle and surcharges .


Input: Do Annuities Avoid Probate?

Output: Let me begin by saying that I do not sell annuities -LRB- I do not have my series six license -RRB- and I am not a licensed attorney . However , prior to becoming an agent I went to law school and clerked in an probate/estate firm for two years . Annuities can pass outside probate so long as you name a beneficiary -LRB- just like life insurance -RRB- . Typically , a spouse is named as the primary beneficiary and children as a contingent beneficiary . Many people currently use a Revocable Living Trust to avoid probate , and the trust can also be named as a contingent beneficiary . If no beneficiary is named , however , your annuity will have to pass through probate . And , depending upon its value the inventory fees could be quite expensive . I hope this helps answer your question .


Input: Do Annuities Avoid Probate?

Output: In Canada , annuities issued by life insurance companies can bypass probate if the beneficiary of the policy is named and it is not the estate . This would include : 1 . Guaranteed Investment Annuities -LRB- GIAs -RRB- that are similar to Guaranteed Investment Certificates GICs -RRB- 2 . Guaranteed Investment Funds -LRB- GIFs -RRB- also referred to as segregated funds that are similar to mutual funds 3 . The guaranteed portion of a term certain or a life payout annuity . Avoiding probate and any other fees is one benefit of bypassing the estate another is privacy . You can find additional information at www.jpw.ca , if you have any more questions please do not hesitate to ask .


Input: Does Auto Insurance Cover Flat Tires?

Output: No , auto insurance is not designed as a maintenance policy . You can get towing and labor on your policy that would cover you if you need emergency road service but it is not going to pay to fix your flat tire or replace your tire . It will pay for towing your car to the garage or labor in changing your tire if you have a spare .


Input: Does Auto Insurance Cover Flat Tires?

Output: If you have roadside assistance on your policy , you may be provided services through your insurance carrier . The best roadside assistance is through an autobile club . Do remember that every policy is different . To know exactly how you are covered in a situation read your policy completely or give your local insurance agent a call and discuss it with them .


Input: How Much Does The Average American Pay For Health Insurance?

Output: The `` average '' American pays between $ 0 and $ 2000 per month for their health insurance . Yes , that is a HUGE range . For example , if an employer pays the entire premium , your out of pocket cost is $ 0 . Conversely , if someone is receiving COBRA benefits and they are in their 60s , the rate could possibly be in the $ 2,000 per month range . And of course , rates will vary from one state to another . And , beginning in 2014 , federal tax subsidies will become available , which could potentially reduce premiums for many Americans .


Input: Who Is The Largest Life Insurance Company?

Output: The largest life insurance company in the United States is Metropolitan Life Insurance Company , called MetLife for short . MetLife wrote nearly 10 % of the total life insurance business in the country in 2012 , which was more than 16 billion dollars in premium . MetLife is also one of the largest life insurance companies in the world .


Input: Who Is The Largest Life Insurance Company?

Output: I am happy to report that New York Life is America 's oldest and largest Mutual Life Insurance Company in America . Being a Mutual Life Insurer , means there are no stockholders to try to please . The Owners are the Policy Holders . This can mean substantial savings for Policy Holders of a Mutual Life Insurer like New York Life . Gary Lane , Registered Representative , New York Life . 949 797 2424 .


Input: How To Calculate Amount Of Home Insurance?

Output: Because home insurance is most often written on a replacement basis , the home is normally insured for the estimated cost of rebuilding the same home at the same place . There are a number of services that have computerized estimating services . Insurance companies generally prefer one rating service over another .


Input: What Are The Core Benefits Of Medigap?

Output: Medicare supplement , otherwise knows as Medigap insurance , is sold by private companies . Medigap insurance can help pay some of the health care costs that original Medicare does n't cover , like copayments , coinsurance , and deductibles . This can mean that you have no out-of-pocket expense for Medicare approved services . Some Medigap policies offer medical care coverage when you travel outside the United States . There is a monthly premium for Medigap coverage that is set by the insurance company .


Input: What Are The Best Disability Insurance Companies?

Output: Some good companies for purchasing disability insurance are Assurity , Fidelity , Guardian , MetLife , Mutual of Omaha , The Standard , Peterson International , and Principal Financial . If you contact a broker for Disability Insurance you will find more highly rated companies and their products to choose from . You can look for the company ratings at the AM Best website or the website for one of the other rating companies -LRB- Fitch , S&P , and Moody 's being the other main ones -RRB- .


Input: What Are The Best Disability Insurance Companies?

Output: The best disability insurance company is the one that provides the best policy language , with the best premium value for the person being insured . A little bit of a vague answer , but it all depends on the applicant 's age , occupation , income , medical history . Sometimes this takes some research and homework on the applicant 's and agent 's part . Quite frankly , it might take more than one attempt with the application process to find the best coverage . There are many good insurance companies out there , just which one works for the applicant .


Input: What Are The Best Disability Insurance Companies?

Output: There 's many companies that offer disability insurance such as Guardian , MetLife , Assurity , Standard , Principal , just to name a few . The DEFINITION OF DISABILITY is the single most important factor when determining which disability insurance policy to apply for . Each policy will use 1 of the 3 definitions : 1 -RRB- True Own Occupation - this says you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation , even if you are at work in another occupation . In short , this is the most favorable definition you can have . 2 -RRB- Modified Own Occupation - this says that you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation . This one is commonly seen in many individual disability insurance policies . 3 -RRB- Gainful Occupation - this says if you are unable to perform the duties of your occupation or any occupation for which you are qualified for by education , training , or experience due to sickness or injury . In short , this is the least favorable definition . This one is commonly seen in group disability insurance policies through an employer and property and casualty insurers that offer disability coverage . If you have disability insurance with the gainful occupation definition , I would suggest replacing it immediately or at the very least supplement it with a policy that features a stronger definition -LRB- I would highly recommend one with the true own occupation definition -RRB- . If you 're going to buy/have disability insurance , it 's not something you want to be cheap about . There are many moving parts to disability insurance and is not something I would suggest trying to buy on your own - this is a type of coverage you should consult with an experienced independent disability insurance broker about . Factors such as your occupation class , your income level , the state you live in , your medical history , your age , your desired benefit amount and benefit period , if you want cost of living adjustment riders , and other factors all impact your policy 's structure and premiums . In short , they 're very customizable , 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 Homeowners Insurance Cover Oil Tank Removal?

Output: Under normal circumstances your homeowners insurance will not typically pay for the removal of an oil tank . Please remember every policy is different . Read your policy completely to understand the coverage provided by the policy and any exclusions contained within or contact your local agent to have them go over the policy with you .


Input: What Does It Mean For A Life Insurance Policy To Be Paid Up?

Output: Simply put a Life Insurance policy is paid up when according to contract you no longer have to pay on a policy to maintain the face amount . A 20 Pay Whole Life , $ 25000 policy for example would be paid up in 20 years for the full face amount . A term insurance policy does not have this feature so do n't be confused by a 20 year TERM policy . You also have reduced paid up options in a Whole Life contract by using the cash value to purchase a reduced face amount .


Input: What Does It Mean For A Life Insurance Policy To Be Paid Up?

Output: A paid up life insurance policy is one that requires no more premiums for it to remain in effect . In essence , you have paid enough premiums that , left untouched , your policy will stay in effect for the rest of your life . Some people want to quit paying premiums before the policy is paid up , and choose to settle for a `` reduced '' paid up amount of insurance . The same thing happens , the policy will stay in effect with no further premiums paid . But the face amount of the policy will be less than what it was originally .


Input: What Does It Mean For A Life Insurance Policy To Be Paid Up?

Output: In the context of whole life insurance and in simplest terms , it means no further premiums are due . Some whole life policies are designed to be paid up at a relatively early duration e.g. Policy Year 20 , Age 65 , etc. . The premiums for these policies are relatively high as a result . In comparison , in most cases , whole life policies are designed to have required premiums to age 95 or 100 or later . Such policies have relatively low premiums . It is important to note that policies which use policy dividends and/or the cash value of Paid Up Additions to offset the required premiums due at some future point are not `` paid up '' .


Input: How Can I Qualify For Health Insurance?

Output: Thank you for asking . we as Americans and people who reside inthe United States of Americaand the District of Columbia , have access to Health Insurance through the Affordible Care Act . The laws have changed in Americaand now we have Insurance availible to use without restictions for pre-existing health conditions . There are two Marketplaces availible for us , the individual Marketplaces and the Small business Marketplaces -LRB- called SHOP -RRB- . There are rules in place for individuals with income under certain poverty levels . We all deserve to have Health Insurance , the Affordible Care Act has made this a reality for most Americans . The Affordible Care has implemented Tax Credits and Cost Sharing benifits that are availible to individuals and families , based on family households and income . You should talk to a qualified insurance agent or contact your state Marketplace for full details on the options availible to you .


Input: Will Homeowners Insurance Cover New Air Conditioner?

Output: Not unless it is damaged by a covered loss such as fire or a tree falling on it , a lightning strike , vandalism , or other type of peril . Homeowners is not a maintenance policy and will not cover normal wear and tear or general breakdown of any appliance in or around your home .


Input: What To Look For When Buying Home Insurance?

Output: This is a great question that I was just answering last night with another client . The first and foremost thing that you should look for is an agent . Even though much of the world buys insurance over the phone , a local agent can help you determine what types of coverage you want and need and is familiar with the local area . Being familiar helps in determining the reconstruction cost vs the selling price vs the tax value . All three numbers are usually different . Most people do not want to be either under or over insured , and a local agent will help with that . The second thing to look for is the company writing the policy . You will never know how good your insurance is until you need it . When a minor claim happens typically every insurance company will be able and willing to pay the claim . It is when the catastrophic occurs that you really get what you pay for . Thousands of dollars and many hours can be wasted when your insurance company is unwilling to agree with you . This is also another reason to have local agent representation . Third and finally is look at what other coverages are available and discuss whether or not you want to buy those coverages or self insure . Some of my favorite must haves are : replacement cost on contents , increased construction costs and replacement cost on the home itself , a deductible that you can afford to pay tomorrow if needed , sewer back up if you live downhill of anyone , A-rated carrier , and local claims personnel . There are many more topics that need to be discussed and reviewed which is why my # 1 recommendation on what to look for when buying home insurance is a great local agent .


Input: What To Look For When Buying Home Insurance?

Output: In the final analysis the most important component in setting up a homeowners insurance program is the selection of the agent . A good agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . When things go wrong is when you will fully appreciate the agents valuable role .


Input: Can Debt Collectors Take Life Insurance Money?

Output: If your life insurance proceeds are payable to your estate then those funds are expected to be used to pay your bills . Unpaid bills you incurred during your lifetime that are still due at your death will be paid by the executor of your estate . If you do not have enough cash assets to pay your bills the court may direct the executor to sell off assets to pay your bills .


Input: Can Debt Collectors Take Life Insurance Money?

Output: If the debts belong to the person who passed away , and if the beneficiary on his/her policy is the estate , then the debt collectors will go after the life insurance proceeds to pay off the deceased person 's outstanding debts . If the beneficiary of the deceased person 's policy is a person , debt collectors can not go after the insurance proceeds unless the beneficiary was a co-signer of the debt along with the deceased person . If it is the beneficiary who has the debts , then the life insurance proceeds received will be fair game for debt collectors .


Input: How Hard Is The Life And Health Insurance Exam?

Output: That is a great question ! The answer depends upon how well you study , retain what you learn , and how well you handle tests . If you are one of those people who stress out over tests , it will be more difficult than for someone who breezes through them . There is a lot to remember , but the grade for passing is fairly low . If you do a decent job studying , and you understand what you 've studied , prepared well for the exam , and just go in and take it , you will do well . Good luck , and thanks for asking !


Input: How Hard Is The Life And Health Insurance Exam?

Output: The insurance commissioner in each state administers their own license exam . In California each test is different as questions are selected by a computer from a bank of about 5000 questions . It is very difficult to prepare for specific questions . The course requirements and materials differ from state to state but in California the mandated course was not enough to prepare a person for the examination . The examination required review and a thorough understanding of the concepts behind the products and enforcement of regulations .


Input: How Hard Is The Life And Health Insurance Exam?

Output: Actually it 's not hard at all if you study . Just prepare yourself and do n't overthink it . When taking the test , breeze through the test and answer the questions you know for certain . You can always go back and review the ones you do n't . So you go through the test , answer the ones you know . Read the whole question twice and when you go through it the second time . On the 3rd time around read the question again and if the answer do n't come to you , the ones you do n't know , just guess on the third time around .


Input: How Hard Is The Life And Health Insurance Exam?

Output: The exams still vary from state to state and so does their `` hardness '' . Having taken and passed the exams in 3 different states over the years I can say that they are not examinations set to weed out all but the select few . While the standards have been raised in recent years , in my experience any reasonably intelligent person who pays attention in the class you have to take should be able to pass the licensing exam the first time they take it . If you flunk the Life & Health exam 3 times and are still fogging a mirror you definitely need to move on to some other career choice . All the hard stuff to learn about the Life and Health Insurance world comes to you after you 've gotten your license . The licensing process teaches you the basic terminology and rules of the road , it does n't teach you how to drive .


Input: Can You Buy Auto Insurance Online?

Output: If you desire to act as your own insurance broker by all means feel free to do so . Just be aware that auto insurance is not something you can get from a vending machine . If there is a pro blem at claim time , it is you versus the insurance carrier . Just try asking the online company for a specimen policy that you can examine - chances are you will not get one . Even if you did , can you read an insurance policy and understand it ? Insurance policies are legal contracts . Even after 43 years in the insurance business -LRB- reading policies -RRB- I learn new things almost every day . Find a competent knowledgeable agent or broker who actually reads and understands the policies they sell . They also should ask you many questions to determine your situation and advise the policies and coverages that best fit your needs .


Input: Can You Buy Auto Insurance Online?

Output: There are companies that are online based , so I believe that you can purchase some coverage online . You may still be required to meet with a company representative to sign paperwork and so they can verify the information that you provided about your vehicle and get copies of your prior insurance documents .


Input: What Kind Of Insurance Is Needed For A Home Daycare?

Output: If you take care of 6 kids or less some homeowners insurance companies will let you endorse day care coverage on the policy . However this is a very limited coverage . Otherwise you would need to purchase day care insurance which runs on average in my area of Northern California of 1000.00 annual . Generally you would need to work with an independent agent who can find you the right coverage .


Input: What Does A Retirement Planner Do?

Output: A retirement plan really is an extension of a financial plan.There are two parts . Your financial planner may be qualified to help you with both as a retirement planner or work with a lifestyle planner . The first step is determining what you want to do when you retire . How do you define retirement success ? Deciding when you will slow down and what you will do with your time - your lifestyle can be a challenge . Once you have an idea what retirement success looks like for you then your financial planner can determine what it will cost to make what you want to happen happen . The next step is to design a plan to make it happen . Then take action and follow up . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community


Input: Does Life Insurance Blood Test For Cancer?

Output: The CHEM 24 test panel results reveal several areas of health concerns . The most specific to cancer would be prostate-specific antigen measures amount of PSA in the blood , PSA test screens for prostate cancer . The attending physician statement must include all other tests that may have occurred before the insurance exam , including any diagnosis of cancer .


Input: Does Life Insurance Blood Test For Cancer?

Output: While life insurance does not test directly for cancer , the blood or urine test can reveal labs that might point to cancer . Total blood count -LRB- showing excessively high or low white or red blood cell counts -RRB- would be the most obvious , but abnormal liver labs or even high protein in the urine could be examples of other tests that COULD indicate cancer . That is why , if labs are abnormal , insurance companies will often postpone until you can get a diagnosis for those results . Once the condition is treated , they will pick up where they left off .


Input: What Do Life Insurance Blood And Urine Test For?

Output: Life insurance blood and urine tests look for evidence of drug use , nicotine use , and disease . They test liver function , renal function , glucose , cholesterol , and other lipids that indicate the presence of heart disease . Life insurance tests also include one done specifically for HIV or AIDS .


Input: How Much Is Home Insurance In New York?

Output: The cost of Homeowners Insurance varies in New York . Some pricing factors include size of home , additional coverages desired and deductible options . We are an independent agency representing many insurance carriers . We offer competitive pricing even for coastal properties . Contact me and I would be happy to discuss further .


Input: What Is Return Of Premium Term Life Insurance?

Output: Term life insurance product that provides a death benefit protection and a return of premium feature . This product is some what different do to the fact that it bridges the gap between low-cost term insurance and permanent insurance . Return-Of-Premium is aimed right at one of the greatest consumer objections to regular term life insurance : I am probably not going to die and my money will have been wasted . Whether your goal is ensuring income replacement , debt liquidation , a mortgage , a college fund or in the event of a premature death or protecting your family should something happen to you . Return of premium is a great way to go when purchasing term life insurance .


Input: What Is Return Of Premium Term Life Insurance?

Output: Return of Premium -LRB- ROP -RRB- life insurance invests your premiums so that you can get some or all of them returned to you in the future . Most ROP policies must be in effect at least half of the term period in order to receive any premiums back if the policy is cancelled . This amount grows until it reaches 100 % on the last day of the policy . At that time , a check for the full amount of premiums paid in is sent to the policy owner . Of course , if death would occur before the term is ended , the death benefit would be paid to the beneficiary , just like with regular Term insurance . Contrary to regular Term insurance , where premiums are higher the longer the term , Return of Premium life insurance premiums are usually lower the longer the term .


Input: What Is Return Of Premium Term Life Insurance?

Output: Return of premium -LRB- ROP -RRB- term is going to cost more than your normal straight term , but it is exactly as the name implies . Instead of having nothing to show -LRB- except for still being alive ! -RRB- for it after paying 10 , 20 , 30 , etc. years on normal term insurance , you get your premiums you paid back !


Input: Will A Speeding Ticket Increase My Car Insurance?

Output: More than likely yes . Auto Insurance Companies file rates and underwriting guidelines that are used in each case when evaluating an application for coverage . One 's driving record , accident history , sometimes credit history , whether or not they have had continuous auto insurance coverage , etc are many of the factors used for this purpose .


Input: Will A Speeding Ticket Increase My Car Insurance?

Output: A speeding ticket will likely increase your car insurance when the insurer finds out . The increase may be small or perhaps part of a discount that will be taken away . If you are shopping for new coverage , it does keep you from buying a policy , although it may make the rate more expensive .


Input: What Is Life Insurance Cost Index?

Output: The cost index that Peggy refers to above here is the Net Payment cost index . There is also a cost index for `` surrender value '' of a policy . The surrender value of a policy is based on how much premium has been paid , how much cash value has accumulated , and cost of insurance . The surrender value of a policy is paid to the policy holder when they terminate and surrender the policy .


Input: What Is Life Insurance Cost Index?

Output: Life Insurance Cost Index is a tool that assigns a number to your policy based on comparisons with other , similar policies . When I say similar , I mean not just the the type of policy is similar , but you must compare similarities all across the board : health class you qualify for , how long you will be paying the premium , etc. . The index takes into account the value of your money over time , dividends collected , premiums paid , and cash value accumulated . Generally , lower indexes indicate a better deal .


Input: What Does A Life Insurance Underwriter Do?

Output: A life insurance underwriter is the part of the team who assesses the risk of the applicant , and makes a determination of how to rate that policy . But they are also an integral part of the team that keeps life insurance companies financially sound . Being an underwriter is a challenging and important position in any insurance company . Here is a website with a good job description for a life insurance underwriter : www.insurancejobs.com/insurance-underwriters-job-description.htm


Input: What Does A Life Insurance Underwriter Do?

Output: In addition to what Bob said I will add that it is very popular nowadays for a lot of agents to call themselves underwriters . Or field underwriters . That is done to mislead the public . Part of an agents job is to do the initial assessment of whether you qualify to apply . You can call this field underwriting . But that does n't make an agent an `` underwriter '' any more than faxing a piece of paper makes him a `` faxer . '' Some times an agent will go to great lengths to not call himself an insurance agent .


Input: What Does A Life Insurance Underwriter Do?

Output: Life insurance underwriters review your application and make a determination if a policy can be issued , and if so what is an adequate rate . Underwriters take into account several health factors including your height and weight , tobacco use , medication and medical history . In some situations they will also consider occupation and hobbies . There is also a degree of financial underwriting that occurs in policies with larger face amounts .


Input: How To Take Out Life Insurance On Another Person?

Output: The process is simple . The person you want to insure must cooperate . Contact your life insurance agent and tell that person what you want to do . There will be questions for the person being insured and a few for you as well . I would suggest that in most circumstances if you are paying the premiums you will want to be the owner and beneficiary . You should receive a copy of the policy and safeguard it .


Input: Is Life Insurance On A Mortgage Compulsory?

Output: Life Insurance on a mortgage IS NOT compulsory however the mortgage or lending company may require you to have life insurance with the company listed as the beneficiary until the loan is paid off . This is what we call a Collateral Assignment . If there is any benefit remaining after the loan is paid off , in the event of your death , the remaining listed beneficiary 's will be paid according to the percentages listed .


Input: Is Life Insurance On A Mortgage Compulsory?

Output: No , life insurance on a mortgage is not compulsory . However , if you can not make a down payment of 80 % or more when you secure your mortgage , you will probably be required to purchase PMI -LRB- Private Mortgage Insurance -RRB- . The lender may ask you to purchase PMI through them , and it can be costly . Term life insurance , by contrast , is usually cost effective and an excellent vehicle for protecting both your mortgage and your lender .


Input: Is Life Insurance On A Mortgage Compulsory?

Output: It is not mandatory to have mortgage insurance . There are three types of insurance for a mortgage . The first is private mortgage insurance which is required by lenders when borrowers put down less than 20 % of the purchase price . The second is insurance that is placed on the borrower and will pay off the mortgage should the borrower die . The third is insurance that is placed on the borrower but is no connected to the mortgage , only to the borrower . His heirs can use the funds to pay off the mortgage if they want to but are not obligated to .


Input: Is Life Insurance On A Mortgage Compulsory?

Output: A life insurance policy covering the mortgage is rarely required . That doesnt mean that a privately place mortgage might not require such coverage . The problem with the requirement is that it depends upon the health of the customer . Mortgage companies universally require hazard insurance but that does not include the life of the borrower .


Input: Is Life Insurance On A Mortgage Compulsory?

Output: Life insurance on a mortgage is not mandatory.However , Private Mortgage Insurance -LRB- PMI -RRB- may be required by the lender if less than 20 % of the mortgage amount is made by the borrower as a down payment . The lender may request that the Private Mortgage Insurance be purchased through them . Be sure to review options to -LRB- PMI -RRB- for example Term Insurance as an alternative ...


Input: How To Find The Best Health Insurance For Me?

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


Input: Can Everyone Get Life Insurance?

Output: The short answer is - No . Not everyone can get life insurance . By far most can be insured , but there are some conditions which preclude insurability . Someone mentioned Lloyd 's of London in reference to getting insured when past the age limit for life insurance , but I 'm not familiar with Lloyd 's and how far beyond normal they go , but most insurance companies will not insure anyone over 85 years of age .


Input: Can Everyone Get Life Insurance?

Output: Nearly everyone can get life insurance . If they do not qualify for medically underwritten life insurance , most people can get simplified issue life insurance , and if they can not get that , everyone who fits the age limits for guaranteed issue life insurance can get it . Not all states offer guaranteed issue life insurance , and not all ages can get it . So there are some persons who end up being unable to get life insurance . But again , nearly everyone can get life insurance of some sort .


Input: What Is Sum At Risk In Life Insurance?

Output: In technical terms , the sum at risk is the death benefit paid less the reserves held by the insurance company . To explain : Mortality costs increase each year as we get older . If you were to buy a yearly renewable term plan for example the premiums would increase each year until they became cost prohibitive . With a whole life policy actuaries calculate the amount of premium the company needs to charge for it to be level . Essentially the company charges you more in the early years and that excess accumulates with interest inside the policy as a reserve . The difference between the reserve and the death benefit is the Sum at Risk to the insurance company . 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 .