Input: What Are Some Tips When Buying Renters Insurance?

Output: I have 2 tips when it comes to purchasing renters insurnace : Look at getting replacement value vs. current value coverage . If you only have the current value , you are only getting money for the your TV , etc. is valued at today , not the replacement value which is what it cost to purchase a new one , replacing the one you lost . Shop around with different companies . Look for financial status and claims paying ability of the insurance company . I prefer to work with companies that are rated on AM Best at A - or better . If a company has a lower rating , investigate why before you decide to move forward with them .


Input: What Does It Mean To Be The Beneficiary Of A Life Insurance Policy?

Output: If you are the beneficiary on a life insurance policy . It means that if the person that is insured under the policy dies and the policy is still inforce without any extenuating circumstances to prevent it from paying out ; that you will receive the amount that is to be paid out under the policy .


Input: What Does It Mean To Be The Beneficiary Of A Life Insurance Policy?

Output: The Primary Beneficiary of a life insurance policy is the person first designated by the Owner of the policy to receive the death benefit if the Insured person passes . The Primary Beneficiary may be one or more persons , or it may be a trust or other entity . If the Primary Beneficiary is one person , he/she gets 100 % of the death benefit . If more than one beneficiary is noted , the death benefit may be split equally , or the policy may assign different percentages to go to each beneficiary . Most policies list a Contingent Beneficiary -LRB- or more than one , as described above -RRB- as well . If all the Primary Beneficiaries are deceased , the death benefit would go to the Contingent Beneficiaries in the manner noted by the policy . It is important to review life insurance policies regularly to make sure that the beneficiaries noted are up to date and that the death benefit goes to the person or persons intended .


Input: What Does It Mean To Be The Beneficiary Of A Life Insurance Policy?

Output: To be the beneficiary of a life insurance policy means that you would receive the life insurance proceeds if the insured person passed away . Primary beneficiaries are the person or persons who are `` first in line '' for the death benefit . The policy owner picks the beneficiaries , and if there are more than one , the policy owner determines what percent goes to each person . If there are two primary beneficiaries and one dies before the insured person dies , the other primary beneficiary gets the entire death benefit . Contingent beneficiaries can be named in case none of the primary beneficiaries are longer alive when the insured person passes .


Input: What Does It Mean To Be The Beneficiary Of A Life Insurance Policy?

Output: The beneficiary of a life insurance policy has a direct relationship to the policy insured based on the financial exposure and economic impact at the death of the insured . At the demise of the policy insured , death proceeds would be paid to the policy beneficiaries , who in turn , would more than likely pay down debt and use the remaining proceeds as they see fit .


Input: What Does It Mean To Be The Beneficiary Of A Life Insurance Policy?

Output: The beneficiary of a life insurance policy is the person who receives the money in the event of the insureds death . Technically the beneficiary can do anything they want with the money . Life insurance proceeds are generally not taxable , -LRB- some exceptions may apply depending on the size of the estate -RRB- and avoid probate as long as the Estate is not the named beneficiary .


Input: What Does It Mean To Be The Beneficiary Of A Life Insurance Policy?

Output: The beneficiary is either someone to whom the insured is obligated or someone that the insured loves . The beneficiary is someone whose loss will be tempered when the insured dies . The relationship between the insured and the beneficiary is present at the time the policy starts . It isnt necessarily there at the time of death . Checking to make sure the beneficiary is correct is extremely important . It isnt unusual for ex-spouses to be the beneficiary when the insured did not intend that to be the case .


Input: Why Is Us Medicare So Expensive?

Output: I see Medicare as a DEAL ... especially when you compare it to the cost of `` Obamacare '' . Here is how Medicare CAN be expensive ... . It will get expensive if you do n't buy a Medicare Supplement , Look into Plan G , NOT F . At least at the writing of this , Plan G is the best coverage for the $ $ . The FACTS do n't lie . Do n't get SOLD by an agent that can not offer a G through their captive company .


Input: Why Is Us Medicare So Expensive?

Output: Medicare beneficiaries are mostly older and sicker than the rest of the population . Primarily used by those age 65 and older , the cost of care , especially in the last 6 - 9 months of life is extremely high . The US does more to prolong life than any other country and this drives up the cost of the program . In addition to end of life care , US citizens have more chronic conditions than any other nation and spend more on medication .


Input: How Much Is Life Insurance For A 55 Year Old?

Output: It depends on the amount of coverage needed , the type of policy -LRB- term or permanent -RRB- , insurability and other factors . A healthy male age 55 who can qualify for Preferred rates and needs term insurance for the next 10 years could expect to pay as little as $ 150 per month for a $ 1M policy . An independent life insurance professional can help find the right policy .


Input: How Much Is Life Insurance For A 55 Year Old?

Output: The price of life insurance for a 55 year old will depend on your health , the amount of life insurance you want to purchase , and one of the bigger factors is how long you want the policy to stay in effect . At age 55 , the difference in price between a 10 and 20 year term policy is much greater than when applying at age 25 . However , at age 55 , many people do not want to take out 10 year term because there is a greater risk of being unable to qualify for life insurance at age 65 . It is very helpful to have a good agent who will find the best company for your health , plus review various face amounts and lengths of coverage with you . That way you can determine the most suitable policy for your situation , at the most affordable premium .


Input: How Much Per Month Is Life Insurance?

Output: That depends on many factors including gender , age , insurability , amount , etc. . For those starting out , term insurance can be very affordable . For example , a very healthy male age 40 needing term life insurance for 10 years could expect to pay as little as $ 30 per month for $ 500,000 coverage at preferred classification rates with many life insurers .


Input: How Much Per Month Is Life Insurance?

Output: As the others have stated life insurance premiums can vary based on a number of factors . The bottom line is that Term Life Insurance is straight forward and a lot cheaper than most people think . Most people are walking around uninsured or underinsured either because they think they can not afford the coverage or do not fully understand their true need . Sit down with an insurance advisor and they can create a plan that best suits your needs


Input: How Much Per Month Is Life Insurance?

Output: Life insurance premiums can vary greatly depending on the type of policy the amount of coverage being sought , the age of the person applying for coverage , their medical history , their family history , and other factors . The premium for any policy can typically range anywhere from $ 7/mo -LRB- for a small youth policy -RRB- to infinity .


Input: Where To Find Medicare Plan?

Output: There are any number of ways and places to find a Medicare plan . Assuming you are asking about Medicare supplement , or Medicare Advantage , you can secure coverage in several ways . You can go to Medicare.gov and sign up there or call 1-800-MEDICARE and talk to a government employee about your options . Medicare plans can also be purchased direct through a carrier or with the assistance of a knowledgeable local agent that specializes in Medicare .


Input: Can I Get Medicare If I Am Under Age 65?

Output: You can get Medicare before the age of 65 if you receive a Social Security Disability check -LRB- SSDI -RRB- . If you receive an SSI check you will receive Medicaid not Medicare . For people who receive an SSDI check you will be automatically enrolled in Medicare 24 months from the date your award letter says you have been approved for Social Security disability . If you get an SSI check your Medicaid will start as soon as you get your first check .


Input: Can I Get Medicare If I Am Under Age 65?

Output: If you are under age 65 and qualify for SSDI -LRB- Social Security Disability Income -RRB- you will also qualify for Medicare after you have been on SSDI for 2 years . You may also qualify for SSDI and Medicare if you have ESRD -LRB- end stage renal disease -RRB- or ALS -LRB- amyoptropic lateral sclerosis -RRB- .


Input: What Does Renters Insurance Typically Cover?

Output: A typical Renters Insurance policy will provide coverage for physical loss or damage to your personal belongings , subject to your policy deductible . In addition to this , your policy will provide Liability coverage which will be there to protect you against anything you may do to cause harm to someone or cause damage to their property .


Input: What Does Renters Insurance Typically Cover?

Output: The following is a small part of the coverages typically provided by renters insurance policy : 1 . Fire or Lightning . 2 . Windstorm or Hail : This does not cover loss : a. caused directly or indirectly by frost , cold weather , ice other than hail , snow or sleet , all whether wind driven or not ; b. to the interior of a dwelling or other structure , or to the property inside , caused by dust , rain , sand , sleet , snow or water ; This exclusion 2 . b. does not apply if the building covered , or containing the property covered , first sustains an actual damage to its roof or walls by the direct force of wind or hail . Then we pay for loss to the exterior or interior of the building , including the property in it , which is caused by dust , rain , sand , sleet , snow or water which enters the building through openings in the roof or walls made by the direct action of wind or hail . c. to watercraft except rowboats and canoes on the insured premises including their trailers , accessories , equipment and outboard motors unless such property is inside a fully enclosed building . 3 . Explosion . 4 . Riot or Civil Commotion . 5 . Aircraft : This includes self-propelled missiles or spacecraft and the objects falling from them . 6 . Vehicles : This includes only direct loss from actual physical contact of a vehicle with covered property . But , we do not pay under this peril for loss or damage to fences , driveways and walks . 7 . Sudden and Accidental Damage from Smoke : This does not cover loss caused by smoke from agricultural smudging or industrial operations . 8 . Vandalism or Malicious Mischief : This does not cover loss if the insured premises are vacant for more than 60 consecutive days immediately before the loss . A dwelling under construction is not considered vacant . This does not cover loss caused by vandalism or malicious mischief committed by an insured or tenant . *** Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Does Home Insurance Cover Laptops?

Output: This question is very vague . Much would depend on the cause of the loss . If it is a covered cause of loss under the policy coverage , there would , likely , be limited coverage and it would be subject to the policy deductible unless the laptop is scheduled on an inland marine policy or has an inland marine endorsement added to the Homeowners policy . I hope your agent offers annual reviews of your policy . You should add this topic to the agenda .


Input: Does Home Insurance Cover Laptops?

Output: It may provide some limited coverage for a laptop and may be subject to the policy deductible . Many homeowners policies have a stated cap on personal electronic items . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Can Anyone Take Out A Life Insurance Policy On Anyone?

Output: No . There must be insurable interest as defined by economic loss at the demise of the policy insured . If no such financial liability can been established the life insurance company will deny the application . Unrelated parties with no business nor personal economic relationship can not take out a life insurance policy on someone else .


Input: Can You Be Denied Medicare Supplemental Insurance?

Output: When you are not in a `` guaranteed issue '' period , applying for a Medicare Supplement will entail passing the underwriting requirements established by the insurance carrier . In other words , you may be denied coverage if the insurance carrier is not willing to take on the risk of covering you due to your health condition at the time of application or in your past . There are Supplemental policies available with very light underwriting requirements -- for example , in Virginia , AARP Medicare Supplements through United Health Care . However , the premiums for these plans are quite high .


Input: Can You Be Denied Medicare Supplemental Insurance?

Output: There are specified `` guarantee issue '' situations where a supplemental Medicare insurance carrier can not refuse coverage . Most people will buy a Medicare supplement plan at the same time they enroll in Medicare Part A and Part B which is usually when they turn 65 . If you buy a supplement plan then , you can not be denied . Other guaranteed issue periods include exercising your trial right when leaving a Medicare Adantage plan , losing your Advantage plan coverage by moving out of the service area and if your current Medigap carriar goes out of business or stops writing your plan .


Input: What Is A Top Hat Retirement Plan?

Output: A Top Hat plane is a form of Non-Qualified Deferred Compensation -LRB- NQDC -RRB- . These plans are not governed by the Employee Retirement Income Security Act -LRB- ERISA -RRB- and are not concerned with discrimination as defined by the Act . Employers have the option to implement the plans and offer them on employees of its choosing . The plans are generally used as incentives to keep certain employees from leaving a company by offering them an extra incentive to stick around and work for the company .


Input: Does Renters Insurance Cover Water Damage?

Output: The fundamental question about water damage is the source of the water . If the water is entering the unit as the result of flood , the renters policy excludes coverage . If the water is entering the unit because of a burst pipe in the wall , the renters policy will cover . There is a special situation that needs clarification , sewer backup . If the water is coming into the unit through the sewer it is usually excluded , however , coverage can be purchased for a nominal price .


Input: Does Renters Insurance Cover Water Damage?

Output: Generally speaking , the coverage provided by a Tenants ' Policy is vey similar to that provided by a Homeowners ' Policy . The main difference is that with regard to property coverage , a Renters ' Policy protects YOUR belongings while a Homeowners ' protectes both the home and personal property . Remember that someone else owns your building or unit so they would have coverage for their interests . Water camage is a covered peril in both , though there can certainly be some differences . In a Renters Policy , if rain comes in through an open window , the damage caused to your couch , for example would be covered by your policy . If on the other hand , you made a mistakle and left the water running in the tub and it overflowed , not only would your policy provide coverage for your damages , but the liability portion would provide coverage for your landlord 's interest .


Input: What States Require Disability Insurance?

Output: What states require disability insurance ? If you 're asking about individual or even group short or long term disability insurance , the answer would be none . If you are asking about workers compensation insurance for on the job accidents the answer would be every single state . Workers compensation covers you while at work and is state mandated . Disability insurance covers you of the job .


Input: Is RBC Life Insurance Good?

Output: In a word yes , RBC Life Insurance is good . Now whether a particular policy offered by RBC Insurance is the right plan for you for you is another question . In Canada , RBC Insurance offers a range of non-participating life insurance products including : term insurance , permanent and universal life . In The United States , RBC Insurance sold its interest in Liberty Life 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 .


Input: What Is A Term Life Insurance Plan?

Output: Most Life Insurance sold in the US is term insurance either through an employer , or group or directly to an individual . The concept is that you will be able to buy a certain level of coverage guaranteed at a certain price during some specified time period . So , it would be common to sell someone term life for a term of 10 years , 15 years or 20 years . The policy usually allows this purchase during the `` term '' without having to provide any documentation of insurability . Keep in mind a couple truisms . life Insurance is virtually always more expensive in the future then it is toady . Why ? You grow older . Secondly , a significant amount of Term insurance , never has an actual payout of benefits . Why ? The person insured lives past the end of the term . So while you may need Term insurance for the short term , take a look at whole life or variations of it that allows cash value accumulations .


Input: What Is A Term Life Insurance Plan?

Output: A term life insurance plan is a policy that stays in effect for a certain number of years . Those number of years are the `` term '' of the policy . E.g. 10 year term life insurance will last 10 years . After that , the price will jump up very high -LRB- usually at least 10 times as much as the original premium -RRB- or the policy will end . Some term policies guarantee the premium and face amount to stay the same for the entire term . Others do not provide that guarantee . Also , some term plans allow you to convert the term policy to permanent at some time before the term ends .


Input: How Does A Life Insurance Agent Get Paid?

Output: It 's going to depend on the type of coverage and the payout offered by the insurance carrier . The state where a policy is sold may also have some restrictions on how much commission is paid out at one time . A commission is paid to an agent `` after '' a premium has been paid and is in good standing from the insurance carrier . Commissions depending on the product can be paid for just one year or several at a lower amount each year , depending on the company .


Input: How Does A Life Insurance Agent Get Paid?

Output: A Life Insurance Agent gets paid from the life insurance company . The compensation is based on the target premium or commissionable premium . The compensation arrangement may vary significantly depending upon whether the compensation model is New York or Non New York based . It also matters if the agent is a career agent , which may have additional benefits attached to production , or a broker who generally makes more money , but without benefits .


Input: How Does A Life Insurance Agent Get Paid?

Output: They are paid a commission from the insurance company . There is no pass on charges to the applicant . You pay the same rate whether you apply through an agent or not . Generally speaking , 100 % of the first years premiums are paid out in commissions . This may all go to the agent or divided up with his upline managers . Insurance companies benefit from this because they do not have to pay salaried people to market their products . It makes for a more effective distribution system .


Input: How Does A Life Insurance Agent Get Paid?

Output: Most life insurance policies pay a commission to the agent who sold the policy . The commission is usually a percent of the `` commissionable premium '' . The commissionable part of the premium may or may not exclude policy fees , and with universal life there is a target premium beyond which no commission is paid . The commission is usually paid within a month after the policy is placed , although some companies pay faster than others . If the insured drops the policy during the first year , some or all the commission may be charged back from the agent and returned to the life insurance company .


Input: What Agency Oversees Medicare?

Output: Medicare is operated by the Centers for Medicare and Medicaid Services -LRB- CMS -RRB- , which is part of the Department of Health and Human Services in cooperation with the Social Security Administration , it does not have a central claim-paying office for incoming claims . Rather , large insurance companies , chosen within each state , actually administer the claim payment process . So , from state to state , claim submissions are submitted to different entities . For example , claimants living in New Jersey submit claims to the New Jersey Medicare Claim Office .


Input: Does The Affordable Care Act Cover Long Term Care Insurance?

Output: Does the affordable care act cover long term care insurance ? At first , yes it did . Long term care was part of the ACA . Early on , it was removed or parked as part of the plan due to the realization that it is not affordable to extend the benefit to all people . It is one of what will probably be many aspects of the ACA that does n't pencil out math wise .


Input: Which Health Insurance Policy Is Good?

Output: A good health insurance policy is one that covers the major expenses that you would not otherwise be able to afford . It is comprehensive in nature , covers inpatient and outpatient care including generic AND brand name drugs . A good plan has true major medical coverage and limits your in network out of pocket expenses to a reasonable amount .


Input: How Much Is Motorcycle Insurance For A 17 Year Old?

Output: It is hard to answer specifically , but safe to say that a 17 year old wil pay more than a 37 year old insuring the same bike , the same way with the same driving history . Similar to car insurance , a younger , less experienced bikler will gelerally pay more than an older more experienced one .


Input: What Does Medicare Pay For Psychiatry?

Output: Psychiatric coverage , inpatient and outpatient , are covered items under Medicare . Inpatient care is under Medicare Part A , outpatient with Medicare Part B. Outpatient care does not include job testing or training , or support groups . Inpatient coverage does not cover private room unless medically necessary or private duty nursing . Medicare deductibles and coinsurance apply .


Input: Why Is Health Insurance So High?

Output: An insurance company forms a pool of people . It charges a premium based on the projected medical expenses of the people in the pool . Previously underwriters had several tools to restrict those with high expenses from entering the pool . That has been eliminated . Additionally , procedures which were not covered under previous policies must now be included . An increased numbers of participants might result in hospitals and medical groups accepting a lower payment for services but for now the pressure on premiums appears to be upward .


Input: Will Medicare Contact Me When I Turn 65?

Output: Most people will be automatically sent a card when reaching the age of 65 . If for any reason you do not have your card by your birth month make sure you call Medicare or Social Security . You will be given an option to opt out of Part B. Do not do so unless you have creditable group coverage through your spouses employer .


Input: Will Medicare Contact Me When I Turn 65?

Output: Medicare will not contact you but about 6 months before you turn 65 you will receive a `` Welcome to Medicare '' kit . Included in your package is your Medicare card , general information on Medicare and your Medicare and You handbook . I suggest you read through all the material , especially the handbook and make copious notes . Then prepare for the deluge of mail and phone calls as you approach age 65


Input: How Much Life Insurance Am I Eligible For?

Output: Younger people are eligible for more coverage than seniors , when just income is taken into consideration . Many policies will allow a younger person to take out at least 25 times their annual income in life insurance coverage , whereas the amount that a 70 + year old person can financially qualify for is often 5 times their annual income . However , assets enter into the financial justification , as well as income , and this can enlarge considerably the amount of life insurance older persons can get .


Input: How Much Life Insurance Am I Eligible For?

Output: The face amount of a life insurance policy is based on financial justification , i.e. you need supporting documentation to substantiate the death benefit amount you 're applying for . You need to total all your indebtedness including your mortgage , future obligations like your children 's education , charitable organizations that depend on your donations and your human earning capacity until retirement .


Input: How Much Liability Car Insurance Do I Need?

Output: The amount of car insurance liability you need depends on the state minimum limits for your state and your own financial situation . Your budget may not allow you to purchase the needed limits of bodily injury and property damage that you should carry . An experienced broker can not only find the best prices , but determine which coverages are the most economical for your specific situation . LIVE answer provided by : Ed Harris - Premier car insurance broker for 33 years and owner of several top-rated websites that offer the lowest available rates .


Input: Can I Deduct Car Insurance On Taxes?

Output: You may be able to deduct your car insurance on your taxes , assuming the vehicle is used for business purposes . It 's important to note that a licensed tax consultant -LRB- your CPA or accountant -RRB- will advise you how to deduct the expenses -LRB- if possible -RRB- and which part of the tax return should be utilized .


Input: Can I Deduct Car Insurance On Taxes?

Output: That 's a great question ! The answer will depend upon what you are using the car for . If it is your family car , and the family insurance policy , sorry , but probably not . If you are using it for both family and work , then you want to get a tax attorney or tax professional 's opinion . You may be able to deduct a portion . If It 's a business car , with a business policy , then most likely yes , you can . Two things to remember : Always consult a tax expert when deciding what to claim as a deduction ; and if you are using the family car for business , and have it marked in some way to advertise or designate your business and get into an accident , you may get a nasty surprise when you file the claim . Many insurance companies will tell you that since the car was being used in a business capacity , it is not insured unless covered by a business policy and deny your claim . If you would like more information , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Can I Deduct Car Insurance On Taxes?

Output: The best person to answer this question would be your tax professional such as a CPA . Information you may want to provide them would include the following : * is the car leased or owned * how is the car used -LRB- business , personal , business & personal -RRB- * what type of business -LRB- sole proprietor , LLC , S corporation , partnership , etc -RRB- * is the car covered on a personal or business policy * how it the car registered and titled Understanding if , when , and how a car as well as its costs such as insurance can be written off is probably good to know before you buy or lease your next vehicle so you can put all the pieces in place appropriately . Great question !


Input: Does Everyone Need Car Insurance?

Output: In most , if not all states , car insurance is required in order to register and operate a car on public access roads and highways . If you lease a car , or if you have a car loan , car insurance will also be a requirement of the lender or leasing company so , the general `` rule of thumb '' is that if you own or lease a car , you will need car insurance in order to do that .


Input: Does Everyone Need Car Insurance?

Output: Automobile insurance covers an automobile so people dont need automobile insurance , automobiles do . Most states require coverage if the car is licensed . If it isnt licensed or operates on private property there isnt a legal requirement to insured the car . The problem is liability . An automobile is a 2000 pound missile that can maim and kill . Being responsible for that is an awesome thing . Automobile insurance almost always contains coverage in case your car hurts someone .


Input: Does Homeowners Insurance Cover Damage To Vehicle?

Output: Your homeowners or renters insurance may cover damage to someone else 's vehicle , but not your own . Liability coverage on most policies protects your family against unintentional damage not caused while operating a motorized vehicle . If your child falls off their bike and scratches up the neighbor 's expensive car then your homeowners/renters liability coverage should offer protection .


Input: Does Homeowners Insurance Cover Damage To Vehicle?

Output: Homeowners insurance does not include damage to a vehicle . Your vehicleinsurancewould cover any damage to your vehicle . For example : Your car is in the garage and your house burns down destroying the car . The homeowners insurance would not cover the car in this case and you would need to seek coverage from your auto insurance comprehensive coverage .


Input: What Is Residual Disability Insurance?

Output: Residual Disability Insurance is a rider or feature of a long term Disability policy that would pay a partial benefit if you are not performing at 100 % . This can mean that you can not work full time -LRB- or working full time , your output is less than 100 % due to your illness or injury -RRB- , and/or you have a loss of income beyond a predetermined percent -LRB- e.g. 15 % or 20 % -RRB- . The Disability benefit paid by residual disability insurance is usually proportionate to the time , duties or income lost .


Input: What Is A Normal Deductible For Homeowners Insurance?

Output: The average I have seen is $ 500 or $ 1000 in today 's world . When you examine the premium savings from the lower to higher deductible it usually makes more sense to choose the higher deductible . You will save more than the difference in just a year or two .


Input: Does Home Insurance Cover Accidental Damage?

Output: I hope so . I would hate to think the damage was intentional . What we would have to look at is what is the damage and is the damage a peril of the policy . Say for example you left your stove on and walked out of the house causing a grease fire burning your house down . This is obviously an accident assuming there was not intent to damage your home . In this case to your question this is accidental damage and is covered since fire is a peril of the policy .


Input: Who Needs Whole Life Insurance?

Output: Anyone who needs life insurance that will last until death at any age needs Whole Life Insurance or Universal Life Insurance with a no lapse guarantee . Without that , the policy might end just before it is needed , and then the possibility of getting a new life insurance policy might not exist . I.e. if you want life insurance to cover final expense , or to pass an estate to someone else , a permanent policy is needed .


Input: What Is A Tax Efficient Life Insurance Plan?

Output: Assuming the question is addressing life insurance as a supplemental retirement income plan , here is a tax efficient model to reference . The permanent life insurance policy must be issued as a non-modified endowment policy . The TAMRA compliant death benefit should be the lowest amount . The TAMRA compliant non modified endowment policy can generate tax free distributions comprised of withdrawals to basis and policy loans of gain as long as the contract is kept in force for the life of the insured .


Input: What Is Medicare Part C Insurance?

Output: Medicare Part C added Advantage Plans to the Medicare mix . Advantage plans are usually HMO 's or PPO 's . Medicare takes yourcoverageand assigns it to the insurance carrier you choose . That company is now your Medicare provider and you are subject to the rules and limitations that they impose . If you leave your area , chances are you leave your insurance behind as well . Most have very low , or no premiums , but include exposure to the beneficiary through co-pays and co-insurance that could result in significant out of pocket expenses to the beneficiary . Most plans also include drug coverage so you would not need aMedicarePart D prescription drug plan . All drugs may not be covered .


Input: Who Can Own A Life Insurance Policy?

Output: Anyone can own a life insurance policy starting at ages 15 1/2 . Depending on company insured ages are from age 0 to age 85 . Policy owners can be the payor of the policy who buys the policy for another or can be the insured who buys the policy on self .


Input: Who Can Own A Life Insurance Policy?

Output: That is a great question ! Anyone who is not a legal minor in your State can own a policy . The owner can be the insured , or they might not be . A parent can be the owner of a policy insuring a minor child , for example . In some cases , the adult child might be the owner of a policy insuring their elderly parent . An owner is often the insured . All there has to be is an insurable interest . Thank you for asking !


Input: Who Can Own A Life Insurance Policy?

Output: Anyone can own their own life insurance policy , when they are the insured person in the policy . Sometimes people think that someone else should own their life insurance policy for tax purposes , when the possibility of their estate ever being large enough to incur estate taxes is nil , and life insurance does not incur income taxes . But there are legitimate situations -LRB- for tax purposes and otherwise -RRB- where another person owning the policy is wise . To own the policy , that person must have a financial interest in the life of the insured person . It is the owner of the policy who has the right to change the beneficiary . So be careful when choosing an owner .


Input: Does Home Insurance Cover Hurricanes?

Output: It is best to talk to your Insurance Professional about the specific terms and conditions of your policy . Different insurance companies may have different rules and rates filed with your state 's Insurance Department that may outline how they handle Hurricane damage . Some may cover it broadly , others may differentiate between hurricane and wind storm and still others may not cover it at all depending upon where you are located .


Input: Does Federal Government Offer Disability Insurance?

Output: The federal government offers two programs Social Security Disability Insurance -LRB- SSDI -RRB- that is payroll deducted , so it is classified as an earned benefit and Supplemental Security Income -LRB- SSI -RRB- that is means tested by income and assets .


Input: Can I Get Health Insurance If I Have Cancer?

Output: You can get health insurance if you have cancer although it is more difficult than if you were in perfect health . State high risk polls may be able to help if you meet the criteria , including having no coverage for six months . Open Enrollment in October for 2014 effective dates will help since there are no medical questions .


Input: Is Part D Medicare Required?

Output: Medicare Part D is optional , however it is important to keep in mind that for every month that goes by that you fail to carry Part D when you are eligible you will be penalized unless you can show that you had group or other coverage at least as good as Medicare . It is thus very important you select a plan regardless of whether or not you currently have prescriptions .


Input: How Will Deferring Social Security Affect My Retirement?

Output: Deferring your Social Security benefit will increase your monthly benefit . A worker can start receiving their benefit as early as age 62 . Almost half of all workers elect this early date for a variety of reasons . However , the Social Security Administration increases the benefit each year that you defer by about 8 percent . Since benefits are payable for life for many people this delay will result in substantially increasing their total benefit . Your Social Security benefits are particularly valuable . For many the decision to defer benefits is the most important retirement income decision than will make . Almost two-thirds of retirees receive over half of their income from Social Security . Most retirees depend upon Social Security . The Social Security benefit is guaranteed and inflation adjusted . Having a high inflation adjusted benefit is important . Inflation is a major issue in retirement . It is payable to a worker and a spouse should the worker die . Retirees fret over loss of principle and low rate of return , however , inflation is the real enemy . Fixed income people often call me in distress because of an increase in their expenses that isnt matched with an increase in income . Social Security adjusts the benefit annually in accordance with the Consumer Price Index . The decision to defer impacts married couples the most . For married couples the higher of the two Social Security benefits is paid after the death of the first spouse to the surviving spouse . Because many retirees do not have guaranteed lifetime income deferring is the easiest way to increase that guaranteed income . With increased income comes greater satisfaction in retirement . Because the Social Security benefit is automatically adjusted for inflation it is very important to have the benefit set as high as possible to make the most of those adjustments . In fact that type of protection can rarely be purchased on the commercial market . This critical decision is not difficult to evaluate and implement . Once it is understood , deferring Social Security is really an easy strategy to implement . The easiest way to go about this is to just continue working . The worker doesnt need to remain in their current job but full or part time work that you love and that provides all or most of your income needs makes delaying Social Security quite simple . If married workers are both eligible for workers benefits under Social Security there are strategies that capitalize on the start dates . A retirement income specialist can help you work the math on this procedure but implementing this properly can result in a dramatic increase in Social Security benefits . The Social Security Administration also provides calculators on their website to help evaluate some of these approaches . There are misconceptions concerning deferral of Social Security benefits . As workers approach their eligibility dates they are sometimes distracted by a few things . The first thing is an understanding that their last day at work should be the same as their first day on Social Security . It is quite possible that that is neither true nor beneficial . The day that you stop work doesnt need to have any bearing on the date you start receiving benefits . Another misconception is that if a worker doesnt start benefits as early as possible they might lose out when Social Security fails . It is unlikely that Social Security will fail and to file early might result in the worker actually getting less . Some workers gamble that they will not live to normal life expectancy -LRB- which is the basis for most social security calculations . -RRB- That is an extremely poor gamble since losing puts you in a lower income for an even longer time if you live past life expectancy . Another consideration is that your spousal benefit will be much less should you die before your spouse . While most of the time the worker that defers gets a better deal and the spouse of that worker gets an increased benefit if they survive the worker , there are situations where not deferring the benefit is the best strategy . The time when that is always true is when the worker reaches 70 . There arent any increases available after 70 . Another situation where not deferring benefits would work to the advantage of the participant is when the worker is single and has a much less than expected life expectancy due to illness or injury . IF you arent in those categories you should at least weigh the advantages should you defer receiving benefits .


Input: Does Health Insurance Pay For Rehab?

Output: This is an excellent question . Many major medical plans will cover rehab services . Typically there is a co-pay or other cost involved . However , to be totally sure , you will need to contact your insurance company or take a look at your summary of benefits . I hope this helps .


Input: How Much Is The Average Life Insurance Policy?

Output: There is really no such thing as the average life insurance policy . There are many factors to determining a life policy . First is the type of policy term or cash value . Then if term for example how long of a term do you want to lock in the rate ? Next how much life insurance are you wanting to purchase ? There is a big difference in prices between $ 100,000 to $ 1,000,000 to $ 5,000,000 . Next you have the underwriting process which determines the level of risk you would be . There are about 14 levels of premiums with most carriers that range from `` best preferred '' to `` table 10 '' which is an indication of rate ups due to age , health or life style risks . I would highly recommend using an experienced independent life insurance broker to shop the market to find coverage at the best rate for your unique situation .


Input: Can I Change My Life Insurance Beneficiary?

Output: Yes , you can change your life insurance beneficiary , and it is a good idea to keep your beneficiaries up to date . You can contact the customer service department of your insurance company directly by phone or email to request a change of beneficiary form . Only the owner -LRB- and possibly a witness -RRB- need to sign the form .


Input: Can I Change My Life Insurance Beneficiary?

Output: Sure you can . All you need is a simple form . Ask your broker , orl call the carrier directly . Big question : what will you do if unfortunately this beneficiary is not alive when the benefit can be paid ? You need a contingent beneficiary as a backup . Give that some thought : who should be second in line to receive the money ? Another big question : is the beneficiary going to be a minor ? Did you know that an insurance company will not pay a benefit to a minor ? This means that you need to do some estate planning , in terms of having an executor and custodian appointed . An attorney who specializes in estate planning can help you .


Input: How Is Home Insurance Calculated?

Output: Among the many factors typically used to determine homeowner insurance rates , here are a few of the key ones : Type of Construction , Age of Dwelling & Condition of Dwelling - Ex : Is the construction type ` fire resistant ' rather than wood frame ? Has the building been well cared-for ? Claims Submission History - Ex : Does the prospect have a history of submitting claims on a frequent basis ... especially smaller ones ? Dwelling Location - Fire station proximity ; History of frequent and / or severe losses in the area from wild fires , hurricanes , etc. . Credit History - Credit score - Prevailing underwriting theory is that better credit scores equate to less possibility of frequent claim submissions . Additional Risk Factors - Swimming pools , with or without child safety devices ; Questionable types of animals in terms of temperment , as relates to possible attacks on humans ; Recreation equipment on premises - safety devices ?


Input: How Is Home Insurance Calculated?

Output: There are two parts to this answer . The price is largely determined by the actuaries of an insurance company . The price represents the claims experience of the company in your area with homes that are of similar construction and value . The other side of the equation are the underwriters of the insurance company who look at individual characteristics to determine of the home meets the company standards . These two determine whether a home will be underwritten and at what price .


Input: Where Should I Buy Critical Illness Insurance In California?

Output: To buy critical illness insurance in California , visit a health insurance website to see if they offer it . Some life insurance agencies also carry critical illness insurance . Be sure to read carefully the conditions covered , what is excluded , and how much is paid in the event you are diagnosed with that illness , and compare features with a couple of policies to get your best one .


Input: Where Should I Buy Critical Illness Insurance In California?

Output: Critical illness insurance provides a tax-free lump sum payment if youre diagnosed with a illness covered by your insurance policy . It can pay your mortgage , debts , or home retrofit to accommodate your medical condition . You should be able to go online to a brokerage firm that offers several critical illness policies to select the one that is right for you .


Input: Where Should I Buy Critical Illness Insurance In California?

Output: If purchasing critical illness insurance in California , I would recommend Assurity or Mutual of Omaha . Both carriers offer great plans that cover a wide range of illnesses . You could also check out Lloyds of London , but that 's probably only your best option if you have significant health history .


Input: How Long Can Nicotine Be Detected For Life Insurance?

Output: The only reason to try to avoid nicotine detection in your lab results is in order to pay a lower premium for your insurance than you actually qualify for . People buy life insurance in order to have the peace of mind that their loved ones will not face unnecessary financial burdens upon their death . By not being truthful on your life insurance application you potentially give the insurance company a basis to deny paying the claim on your policy . Given that possibility , you wo n't have peace of mind . You should not try to avoid paying the proper premium for your life insurance unless you want to give the life insurance company a reason to avoid paying a claim .


Input: How Long Can Nicotine Be Detected For Life Insurance?

Output: The byproduct of nicotine is cotinine which urine analysis tests for during a life insurance due diligence period for qualifying for coverage . It is possible to purge your system of cotinine residue after eights of nonsmoking . But be advised that the life insurance application specifically inquires on tobacco use at minimum , up to a year . Even if you beat the urine analysis and you are defrauding the insurance company by denying tobacco use , specifically cigarettes . I could but any death claim in peril , even denied as misrepresentation .


Input: How Long Can Nicotine Be Detected For Life Insurance?

Output: The byproduct of nicotine , called cotinine , can be detected in the bloodstream for up to three weeks or more . There are a few life insurance companies that allow presence of cotinine if you use cigars , nicotine gum , chewing tobacco or pipes . Otherwise , the presence of cotinine will rate you a smoker .


Input: What Is The Best Life Insurance Policy To Purchase?

Output: What is the best life insurance policy to purchase ? The one that works best for your needs and is in force when you actually need it . The reason there are so many different types of life insurance is because there are so many different needs . It truly is a situation where one size does not fit all . Avoid agents who push one choice and one choice only .


Input: Can I Get Life Insurance If I Had Cancer?

Output: The question is too broad and its never good to give false hope in securing life insurance when you have cancer . But what kind of cancer do you have ? What stage of cancer is it ? What medical regiment or surgery has taken place or has been recommended and not taken place . Life insurance underwriting has become more benevolent regarding certain cancers over the last decade . Age also can be a factor if the final underwriting offer . Some cancers can be issued standard . Recent bouts of late stage cancer can be declined . Keep in mind that there are recognized impaired risk life insurance companies that seem to specialize in substandard business .


Input: Can I Get Life Insurance If I Had Cancer?

Output: Being able to get life insurance after having cancer depends very much on the type and stage of cancer , when it was diagnosed , when treatment ended , and how you are doing now . Contact a good impaired risk life insurance agent who will ask you thorough details and find youa policy that you have a very good chance of getting . When it comes to having a health condition of any type , a world of trouble can be saved just by contacting an agent who knows how to handle that type of coverage .


Input: What Does Medicare Pay For Transportation?

Output: Medicare itself does not cover transportation other than an emergency ambulance ride . A small number of Medicare Advantage HMO plans offer limited transportation . It is becoming more common for major doctor groups to offer transportation to their Medicare clients . Do n't be afraid to ask the next time you schedule a visit . ALSO - some states have special transportation setups for those on Medicaid . Again , ask .


Input: What Does Medicare Pay For Transportation?

Output: Medicare itself does not pay for transportation . However , some Medicare Advantage Plan carriersprovide a transportation benefit even though it is not covered by Medicare . Example of transportation benefit : 24 1 wayrides to a local medical appointment per year . If that 's an important factor to you , mention it to your agent - they 'll know the plans in your area .


Input: When Does A Life Insurance Policy Lapse?

Output: Life Insurance Policy Lapse from the nonpayment of scheduled premium . As long as the guaranteed premium is pad on time it should n't expire or lapse . But generally speaking current assumption universal life insurance has variables that have the potential to underperform or increase in cost which could lead to a policy lapsing or expiring .


Input: When Does A Life Insurance Policy Lapse?

Output: When does a life insurance policy lapse ? When there is a failure to make timely payment or when if cash values are involved , when there is no longer sufficient cash values to pay the premiums . A lapsed policy can be reinstated anywhere from 30 days to 6 months depending on what your state has established .


Input: When Does A Life Insurance Policy Lapse?

Output: Your life insurance policy may lapse for the following reasons : If you stop paying your premiums If your cash value has been depleted -LRB- whole life insurance -RRB- If your policy term has ended -LRB- term life insurance -RRB- Any other reasons for a lapse would be outlined in your policy . Your agent or your insurance company should be willing and able to explain your policy details further .


Input: Which Auto Insurance Company Is The Cheapest?

Output: There is no such thing as who is the cheapest . Each insurance provider rates slightly differently for different situations . It 's not cookie cutter . So what may be more cost effective for me may not be the same for you . My best advise is contact a local independent agent who can quote multiple carriers to find the right policy at the right price to fit your needs .


Input: Which Auto Insurance Company Is The Cheapest?

Output: The cheapest auto insurance company is the one that pays the most when you have a claim . Nothing is more expensive than having a difference between the claim and the amount paid . Selecting appropriate limits is the key issue . Get advice from an agent that you trust . The premium becomes irrelevant if the claim is not handled satisfactorily .


Input: Which Auto Insurance Company Is The Cheapest?

Output: There are many cheap auto insurance companies throughout the US . -LRB- That is ... carriers that charge low rates -RRB- How cheap will your rate be ? It depends where you live and other underwriting factors that could impact the price . For example , while Progressive , Esurance , Geico and Erie may offer low rates in Ohio , in Pennsylvania or New Jersey , a completely different set of companies may be the best option . As experienced brokers , along with our top-rated websites , we search , find and compare the absolute lowest car insurance rates in all ares . That 's our job and a big reason why customers prefer to work with brokers .


Input: Can I Get Health Insurance With HPV?

Output: Yes . Under the Afforable Care Act , you can not be declined for health insurance due to a pre-existing condition or other health-related issue . You have the option to secure a bronze , silver , gold , or platinum level plan - please note , not every carrier offers a plan under each level -LRB- e.g. company XYZ may only offer bronze , silver , and gold plans , but not platinum plans -RRB- . Individuals under age 30 also have the option of securing a catastrophic plan . If you qualify for a subsidy , you would want to look into plans ON the health insurance exchanges . If you do n't qualify for one , you may want to look into plans OFF the exchanges as you will generally have more options available to you . I always recommend consulting with an experienced broker if you 're looking for coverage or want to review your existing insurance to see if a better option is available . Insurance brokers have an in-depth knowledge of products from many different carriers and can help you determine the plan that 's going to best serve your needs and your budget . Please let me know if I can be of further assistance . Thanks very much .


Input: Can I Get Health Insurance With HPV?

Output: Great question ! For all the negative things that have been said about the Affordable Care Act , or Obamacare , this is one undeniable positive for people that need insurance that have issues - insurance companies can no longer tell you `` no '' . The `` pre-existing condition '' can not be used to deny you coverage . Another nice perk ? You may be able to get your coverage discounted by shopping for your policy on the WEBSITELINK website . If you would like more information , please feel free to contact me , I 'm happy to help . Thank you for asking !


Input: Can I Get Health Insurance With HPV?

Output: You can get health insurance with HPV , cancer , diabetes , heart disease or any other pre-existing condition . The ACA -LRB- Affordable Care Act -RRB- provided affordable coverage for many consumers , regardless of health conditions . A federal subsidy could drastically reduce your rate . How do you find out rates and enroll ? An experienced broker -LRB- and our websites -RRB- will provide you with the lowest available prices and direct enrollment assistance that will make it easy for you . Most consumers prefer to work with a broker instead of the . gov website . Why ? You typically avoid delays , glitches , and you know your rates will be the lowest available through a reputable broker .


Input: Can I Go To Any Doctor With Medicare?

Output: I am going to answer your question by qualfying what I think you are asking . Under original medicare as long as the doctor is contracted to accept medicare then you can basically go to any doctor . What if you live in Detroit and you prefer to go to a doctor in California ? Medicare is going to want to know why when you live in Detroit and you are seeing a doctor in California . Under the Medicare Advantage Plans you need to understand the terms HMO , PPO , PFFS , in order to assure you are getting the care in `` network '' .


Input: Does Medicare Part A Cover Cataract Surgery?

Output: Yes , Medicare Part A does cover medically necessary cataract surgery , if you must be admitted to the hospital for the surgery to be performed . If on an outpatient basis , cataract surgery is covered by Medicare Part B. Medicare Part B will cover one pair of eyeglasses following the cataract surgery .


Input: Does HIPAA Apply To Life Insurance?

Output: Does HIPAA apply to life insurance ? Yes , HIPAA applies to the life insurance process in the form of a medical information release the applicant signs off on that acts as a HIPAA document that is presented to doctor 's offices and hospitals and other medical information resources to gather health history on the applicant .


Input: Does HIPAA Apply To Life Insurance?

Output: HIPAA applies to life insurance in that the medical information you share on the application , the results of your paramed exam , and any medical records that are ordered are kept private from anyone except the agency that orders them and the life insurance company that reviews them . Your information is never shared . The Medical Information Bureau does put a code on your MIB to represent any existing health conditions that showed up as a result of your applying for Life Insurance . This is to help prevent multiple fraudulent applications by those who are attempting to use Life Insurance for illegal purposes .


Input: Does HIPAA Apply To Life Insurance?

Output: HIPAA does apply to life insurance as the insurance company will be seeking personal medical information about the applicant and must have written authorization from the applicant in order for any medical records to be released . Doctors offices and hospitals following HIPAA guidelines will not release any medical history without written consent from the individual whose records are being requested .


Input: Does HIPAA Apply To Life Insurance?

Output: HIPAA , the Health Insurance Portability and Accountability Act addresses benefits provided by an employer group health insurance plan . HIPAA addresses issues such as PHI -LRB- protected health information -RRB- and how that information should be communicated . The best known of HIPAA provisions address the portability feature that allows employees to continue coverage under the employer group health insurance plan when they are no longer an active employee . HIPAA does not specifically address group life insurance .


Input: Is TSP A Retirement Plan?

Output: A TSP -LRB- thrift saving plan -RRB- is a qualified retirement plan used by both public and private entities but it is more common in government bodies such as state and local municipalities and school systems . The TSP is a money purchase plan , very similar to the more common 401 -LRB- k -RRB- . Some employers offer both a TSP and defined benefit plan .


Input: How To Apply For Renters Insurance?

Output: I would recommend contacting your local independent agent and giving him your address . Imagine if you were to turn your apartment upside down and `` shake out '' all of your `` stuff '' . How much would it cost to replace those items ? You will need to give the agent a dollar amount . This will determine how much you will pay for insurance . Renters insurance is relatively inexpensive and it provides valuable protection . Remember expensive items likely jewelry , furs , firearms , money & securities are excluded from personal property . You can schedule those items if you have an appraisal . In NY if you have $ 25,000 of personal property with $ 500,000 of liability the premium will run about $ 225 - $ 255 per year . Hope this helps !


Input: How To Apply For Renters Insurance?

Output: Start by contacting a local agent , preferably one that handles homeowners insurance as they will more than likely have renters insurance available also . You will also need some information about the rental property to be able to get a proper quote . Some of the information that you will need is the age of the building , how many units are in the building , the distance of the nearest responding fire department , the distance to the nearest fire hydrant , and amount of coverage you are seeking to name a few main ones .


Input: Which Term Life Insurance Is Best?

Output: The best life insurance is that which is in force at the death of the life insured . The issue is that term life insurance usually expires before the insured does . So , permanent forms of life insurance are preferred since they can not be outlived the way term usually does . In general , consider whether your protection needs are temporary or indefinite . Temporary or finite needs of less than 30 years can be met by term life insurance for periods such as 10 , 15 , 20 or 30 years . The coverage is surprisingly affordable -LRB- dollars per day -RRB- . When the policy expires , coverage ends . To prevent that , either consider permanent -LRB- cash value -RRB- life insurance now or in the near future to ensure you do not outlive your life insurance . Meet with a life insurance professional who can analyze your situation and recommend exactly what you need .


Input: Which Term Life Insurance Is Best?

Output: In addition to the above excellent answers , here are some details important to the consumer that often get lost in the process of the application :1 . Is the policy 100 % , contractually guaranteed , convertible ? That is , during the guaranteed level premium period , can the policyowner convert all or part of the policy to a permanent plan of insurance without the need to medically qualify ? This policy feature could be important if the insured 's health declines during the period of coverage and there is a need to continue at least some level of insurance after the term plan runs out .2 . To which permanent plans of insurance can the policy be converted ? This question can only be answered at the present time because new permanet plans of insurance are withdrawn and added all the time to a carrier 's offerings . But , a good quality term plan would indicate that conversion is available to all permanent plans of insurance that might be available at the time the policyowner wanted to convert all or part of the term plan . This would ideally be contractually guaranteed .3 . Is there a disability waiver of premium rider ? All term policies used to offer this , but some now do not . This is a relatively inexpensive add-on that would bind the insurance company to waive the necessity of making premium payments and keeping the face amount in full force if the insured were unable to perform the regular duties of his/her occupation after a 90-day elimination period for the term of the disability or for life , if the disability were permanent . Typically , this rider is discontinued at some later age , usually age 60 of 65 and the cost of the rider is removed from the premium payment .4 . Can the face amount of the term plan of insurance be reduced while in force with a corresponding reduction in premium , and is this option a current company practice or is it contractually guaranteed ? This can be important if the insurance is being used primarily to pay off a mortgage . Many carriers have now limited the number of times this can be done , while some do not allow it at all . A few have no limits , although in this case it will usually only be allowed once each policy year.If any or all of these might be an issue for you , ask the agent to provide a `` specimen '' or `` sample '' policy for you to examine before applying .


Input: Which Term Life Insurance Is Best?

Output: The term life insurance market is huge . Most term life companies that are committed to compete in this space have several policy provisions or riders to entice the consumer to purchase their proprietary term product . One of those provisions is convertibility to permanent life insurance . This may be a tipping point issue in the end if the premium is relatively the same between the top term life companies . Not every term life company has competitive permanent product line , so shopping with this in mind is a great starting point in reviewing whats best for you . We can help with that . Other area in term life insurance that must be considered is the health of the proposed insured . First among the critical considerations is smoking . There are term life insurance companies that are very benevolent to smokers and smoking secession . There are also companies that are benevolent based on their underwriting protocols by disease . There are a unique collection of companies that fit the impaired risk profile and preferred health categories . We can help with that . By gathering your financial goals and medical profile , a recommendation of the top three term life insurance companies can be made . We can help with that .


Input: Does Homeowners Insurance Cover Loss Of Electricity?

Output: In most cases electricity comes from a source outside of the residence . Fluctuations or loss of electricity from an outside source is probably excluded from your homeowners policy . If the loss of electricity is a result of something that happens to your residence , such as a fire , damages from lost electricity would most likely be covered .


Input: What Does Medicare Pay For A Dialysis Treatment?

Output: Medicare Part B covers dialysis treatment and some related supplies . Medicare will cover dialysis in an outpatient clinic and in some cases in the home . Medicare will not pay for an in home dialysis aide . After you have satisfied your Part B deductible , Medicare pays 80 % of the cost of dialysis .


Input: Will I Go To Jail For Not Having Auto Insurance?

Output: You could possibly go to jail for not having auto insurance . Here 's an example : Suppose that you had many previous violations for DUI and other related offenses . The court mandated that you carry a bond and/or car insurance to cover you . However , you let your coverage and license lapse , decided to drive and drink , and hit another car causing property damage , personal injury and bodilyinjury . I am fairly certain you would be taken to jail .


Input: Does Mayo Clinic Accept Medicare?

Output: Some Mayo Clinics will accept Medicare patients but only as a non-par provider . Mayo does not accept assignment . Mayo will file claims with Medicare on your behalf as required by law . Medicare will adjudicate the claim , and if approved , will send payment for their portion to you . Mayo does not participate in crossover .


Input: Is Long Term Care Insurance A Good Buy?

Output: If long term care insurance is purchased and used , it is usually a good buy . When a person buys insurance to cover a risk , and the risk happens , the insurance nearly always was a good purchase . Insurance companies go to great lengths to study statistics and actuarial tables to ensure that there are more than enough people buying policies to offset the claims that will be made . If the long term care insurance policy was not used , then it is not such a good buy . Unfortunately , no one knows that in advance . Getting a policy with a return of premium rider can help make up for the unknown . There are also life insurance policies with living benefits or riders that can be used for long term care type expenses . If the money is not on extended care needs , it is paid out as a death benefit to beneficiaries .


Input: Is Long Term Care Insurance A Good Buy?

Output: Is long term insurance a good buy ? Well it all depends on your needs and your assets . The big thing long term care does is provide you a pool of money to help you choose what you want to have happen regarding your care . Without long term care coverage any situation that comes up where you need care , you 'll be faced with where ever will take you and quite possibly a reduction in assets to cover the cost . The idea of long term care being a good buy is strictly in the eye of the beholder . For some it does n't matter and for others it is just a matter of plugging in the right variables to make the plan work best .


Input: What Is A Homeowners Insurance Declaration Page?

Output: All insurance polices have declarations pages . This is the page that declares your coverage 's . Usually this page on the front part of your policy -LRB- one of the first pages -RRB- and is one or maybe two pages long . The declarations page does not break down how the coverage 's work but simply state the coverage 's . It is important to note if you do not see a certain coverage on the declarations page you can bet you do not have this coverage .


Input: How To Submit A Homeowners Insurance Claim?

Output: It is pretty simple , actually . We always suggest to our clients that they call us first so that we can talk with them about the loss , advise them about their coverage and explain the process . We obtain any contact information and file the claim on their behalf . Of course , they always have the opportunity to contact the company directly and file the claim themselves , but if we are aware of the claim from the beginning , just in case they have questions or concerns down the line , we can be better prepared to help . As a further service , I have a `` QR '' code that enables my clients to can our mobile app into their smart phones . In addition to free , 24/7 direct contact with us , among other services , it provides a direct link to our Professional Claims Support Staff .


Input: How Does A Whole Life Insurance Policy Build Cash Value?

Output: A Permanent insurance policy like a whole life can build a cash value because it was designed to do just that . At the age of purchase your insurance company knows how long you will live by average . The premium they charge for each unit of coverage -LRB- usually per 1000 -RRB- is calculated to cover the mortality costs , company costs and profits , and the reserve build up you know as cash value . At interest , the reserve builds even more because the interest growth is not subject to current income taxation . The actuarial mathematicians at the insurance company have even figured out how to pay the life insurance proceeds if you die without accomplishing any cash value at all .


Input: How Does A Whole Life Insurance Policy Build Cash Value?

Output: A whole life policy accumulates enough money to pay the face amount at the endowment age , normally 100-120 years old . It also pays the face amount if the insured doesnt live to the endowment age . As the money accumulates it becomes the surrender value of the policy or the cash value . If you chose to take the cash value , it will be less than the face amount .


Input: How Does A Whole Life Insurance Policy Build Cash Value?

Output: Yes , whole life and universal life insurance policies are considered permanent life insurance and do accumulate cash value that can be used for numerous things . The typical whole life insurance policy takes 5 to 7 years to accumulate cash as the first few years cover the cost of insurance . There are ways to maximize your premiums to build cash value if that is your goal . An experienced insurance agent can show you your options to minimum fund , target fund and maximum fund your whole life insurance policy . Your cash value can later be used to pay up your premiums , retirement funds , children college fund or even cash for a critical illness .


Input: What Is A Deductible In Renters Insurance?

Output: Quite simply , it 's the dollar amount that you will have to pay upfront in the event of a claim . If your deductible is $ 250 and your total damages equals $ 1000 , then you will pay the first $ 250 and the insurance carrier will write you a check for the remaining $ 750 .


Input: What Is A Deductible In Renters Insurance?

Output: That is a great question ! In the insurance world , the part that you have to pay to help limit expenses for the company is called a deductible . It has kind of a dual purpose - it lets you have some `` skin in the game '' , almost like a deterrent to being careless - if you know that you have to pay up front first . The second part is to help lower the cost of the policy , by sharing the costs . Thanks for asking !


Input: What Is A Deductible In Renters Insurance?

Output: When you have a property loss on your renters policy , the adjuster will determine the amount of loss . When you agree with the adjuster , a settlement is reached . The amount of the settlement will be reduced by the deductible and paid to you . There isnt a deductible if the claim is a liability claim . The purpose of the deductible is to reduce the number of small claims .


Input: What Is Globe Life Insurance?

Output: Globe life insurance is a US life insurer based on Oklahoma , OK . They offer small adult life insurance policies up to $ 50,000 for both term life and whole life insurance . They also offer juvenile policies , accident policies , and medicare supplement plans .


Input: How Much Does Auto Insurance Typically Cost?

Output: With auto insurance there is no such thing as typical . Auto insurance is not a one size fits all product . It is comprised of different components that are determined by each individuals coverage needs and desires . To find out about coverage availability and pricing in your area contact a local agent . To the best of my knowledge every agent will provide you a quote with out cost or obligation .


Input: Is Car Insurance Cheaper In Wisconsin?

Output: As of July 2013 the average car insurance policy in the United States cost $ 964 per year . In Wisconsin the average policy cost $ 770 . So yes , on average , auto insurance appears to b cheaper in Wisconsin . Keep in mind that these are averages and your individual circumstances may result in higher or lower rates in Wisconsin .


Input: Does Paying Car Insurance Improve Credit?

Output: Yes - by not impairing your credit score and profile . How can this occur ? When your auto insurance is cancelled or terminated for any reason it may have earned more premium than you paid . Your carrier will bill you for the additionally ` earned premium ' which is a legally collectible debt . If you do not pay this debt , their collection efforts will most likely show up in your credit report and history . Your credit ` profile ' is a significant factor that is considered in securing many things like insurance , financial contracts , loans , apartments , credit , etc. . Paying your debts -LRB- preventing collection activity which will be reported -RRB- definitely improves your credit by preventing it from getting worse . Do whatever you can to keep your credit score and profile as positive as possible .


Input: Can You Get Disability Insurance If You Are Self Employed?

Output: Yes , you can usually get Disability Insurance if you are self employed . It will depend on your health and occupation ; you will need to be approved , similar to applying for Life Insurance . Self employed people must rely on themselves if they are disabled , so it is very important to have Disability Insurance as a self employed person .


Input: Does Auto Insurance Cover Theft Of Personal Property?

Output: Auto insurance is designed to cover your automobile . In my experience personal property would not be covered by your auto policy . Coverage could be provided from your homeowners insurance policy or renters policy . Be careful to have the off-premises theft coverage included in your homeowners or renters policy or coverage would not be provided for theft that occurs away from your home .


Input: Does Auto Insurance Cover Theft Of Personal Property?

Output: Personal property stolen from your vehicle may be covered , depending if a rider was added to the policy or the property is permanently attached . This situation is fairly common in my 33 years in the business as an auto insurance broker . Typically , your home insurance policy covers these items , but each situation is different . LIVE answer provided by : Ed Harris - Premier auto insurance broker and owner of several consumer websites that offer the lowest car insurance prices to consumers .


Input: Does Auto Insurance Cover Theft Of Personal Property?

Output: An automobile policy covers only a vehicle . Personal property can be covered by purchasing a tenants or homeowners insurance policy . Generally , the tenants or homeowners policy will extend coverage up to ten per cent of the personal property limit in the policy for property that is away from the residence . Theft of property from automobiles is becoming the crime of choice for many .


Input: What Are The Premiums For Long Term Care Insurance?

Output: A nonsmoking married couple age 60 on a joint long term care insurance policy with full benefits an inflation rider will pay around $ 300 a month for coverage . The premium depends upon your gender , age , smoking status , health history and current medical condition . Your state of domicile also may dictate the cost .


Input: Does Alcoholism Void Life Insurance?

Output: As already stated it may . If a question relating to the alcoholism is answered falsely . However , there are Simplified Issue and Guaranteed Issue policies that do not ask all the questions that traditional policies ask . These plans have the higher risk factored into their pricing and coverages . A 30 year old alcoholic with liver disease can get coverage and the policy will pay the benefit , if all questions are answered truthfully . While not as low as someone in perfect health these plans are much more affordable that you would think .


Input: Does Alcoholism Void Life Insurance?

Output: Possibly . If the applicant fails to disclose any history of being treated , arrested for dui or anything related to alcoholism during those first two years of a policy which is called contestibility period * . And that is only if the insured falis to disclose during the application process . If during the application process the applcant discloses this information and the insurance carrier offers a policy , it can not resind the policy later . After two years the carrier can not void the policy . If a person becomes an alcoholic `` after '' the policy is issued , it can not be taken away . * normally the contestibility period in most states is 2 years . Some states it is less . Some states also have additional clauses that should be reviewed .


Input: Does Alcoholism Void Life Insurance?

Output: Life insurance policies are rarely voided . There is a specified period , normally two years , during which the company can deny a death claim if it is determined that the applicant made false representations on the application . I chose the word representation deliberately . An applicant is only bound by their personal knowledge and is therefore not responsible for any diagnosis made after the application is taken . The answers to questions are based upon the knowledge of the applicant not the actual state of affairs . One of the symptoms of alcoholism is denial and if the applicant does not believe themselves to be an alcoholic and no medical professional has diagnosed them as being an alcoholic , the insurance company would be hard pressed to ever deny a claim in the first two years . After the first two years pass the company can not deny a claim .


Input: Does Alcoholism Void Life Insurance?

Output: Alcoholism can be an issue with purchasing life insurance . It can lead to rated up premiums all the way to an outright decline of life insurance . There needs to be a record establishing alcoholism . A medical history of treatments or rehabilitation . An arrest record including but not limited to one or more DUIs . Be careful with self diagnosis . Just because you have a headache does n't necessarily mean you have a brain tumor . You can be a heavy drinker and not be diagnosed as an alcoholic . Alcoholism needs to be a documented problem either medically or lawfully . Always be careful with self diagnosis .


Input: Does Alcoholism Void Life Insurance?

Output: If someone is defined as an being an alcoholic after the life insurance policy is issued , and there was no indication of alcoholism noted by a medical professional before issue , or no DUI 's or court treatment were ordered for alcoholic tendencies before the policy went into effect , then alcoholism will not void a life insurance policy . Developing cancer or any other risk factor AFTER a life insurance policy is in effect can not void your life insurance if that risk was not involved at the time the policy was put into effect .


Input: Can A Quadriplegic Get Life Insurance?

Output: A quadriplegic can get guaranteed issue life insurance , as long as they meet the age guidelines . The age guidelines for most guaranteed issue life insurance is usually a minimum age of 45 or 50 years old , through about 80 years old .


Input: How To Claim Water Damage With Home Insurance?

Output: Start by talking with your Insurance Professional about the coverage and limitations of your particular policy . Provide a good discription of the damage and if possible , the cause . I say if possible because while it is fairly easy to pin point a failed valve or pipe , it is harder to find the source of water that may have come in through the roof . Your Insurance Professional will be able to advise you about your deductible and help to report the loss to your Insurance Company . Your assigned Claims Professional will investigate the loss and determine coverage under the terms and conditions of your policy .


Input: How To Claim Water Damage With Home Insurance?

Output: To claim water damage with your homeowner 's insurance , simply contact your company and explain to them that you have water damage and that you would like to file a claim . But one thing to keep in mind is that not every type of loss associated with water is covered by a homeowner 's policy . Most water losses that are covered happen suddenly -LRB- burst pipe , washing machine overflow , etc. -RRB- and are not from slowly developing things -LRB- slow dripping pipe -RRB- . Things like floods and tidal water are not covered under a homeowner 's policy and require coverage from a separate flood insurance policy . The best thing you can do for a loss related to water is mitigate the damages as quickly as possible , and prevent any further damages from occurring . Thanks for asking !


Input: How To Enroll In Medicare Part A Online?

Output: You can enroll in Medicare Part A -LRB- and Part B as well -RRB- online through the social security administration website , ssa.gov . Part A & Part B are referred to as Original Medicare . Original Medicare covers approximately 80 % of expenses and both parts feature a deductible that you 're resopnsible for paying -LRB- in addition to the other 20 % of remaining expenses -RRB- . I would recommend adding a Medicare supplement -LRB- Medigap -RRB- plan to cover the other expenses - these are sold through private insurance companies . Plan F is the most comprehensive , but if your doctor accepts Medicare and assignment , you may want to look at a plan N as well . The major advantage of adding a Medigap plan when you sign up for Medicare Part B is that you have a 6-month open enrollment period where you ca n't be turned down for a plan -LRB- no medical underwriting -RRB- and it helps create a predictable expense structure for your health care .


Input: Is Usaa Life Insurance Good?

Output: USAA Life Insurance has been a solid company since it started in 1922 . It is composed of members who are part of the military and their families . Moody 's rating service gave USAA its highest rating of Aaa in 2012 . USAA Life Insurance products come in several types and are good products . For those who can not get life insurance due to serving in an unsafe country or being in active service , USAA is there for them .


Input: Is A Roth IRA Better Than A Life Insurance Policy?

Output: Video Transcript : Hello , everyone , I 'm Steve Savant , syndicated financial analyst and host of the weekly online talk show , `` Steve Savant 's Money : The Name of the Game '' . I 'm answering questions from InsuranceLibrary.com , and the famous question that we get all the time is , `` Is the Roth IRA better than a life insurance policy ? '' Well it is kind of tales of two cities . Many times , if I want to be in two different funds , I can get both funds inside a life insurance contract or a Roth . Roth has limitations to it as far as how much I can put in to it . So some people will buy a Roth , and I think it is a good idea , especially when you are looking at placing basic-interest-rate-earned-annuity in to it , or mutual funds . It just depends on what you are using it for . But life insurance , they do n't have the same limitations , and remember , it has a death benefit to it . So when you are looking at it , both of them have to be long-haul in their thinking . They both accumulate tax deferred , and when the money comes out , if set up correctly , it should come out tax-free . It is a great idea , both of them , as a supplementary retirement income play when you are thinking about your retirement portfolio . Well , that is our consumer question for today . If you have any questions , just submit them to www.InsuranceLibrary.com .


Input: Why Do We Need Disability Insurance?

Output: If you became ill or disabled , how long do you think you could sustain your lifestyle without a paycheck ? For most Americans , the typical answer is about 6 months . We dont think twice about insuring our cars , homes , boats or health , but we forget that our most important asset is our PAYCHECK . Disability insurance is a fancy way of saying paycheck protection . We need disability insurance so that we can continue receiving a paycheck should an illness or disability strike .


Input: Why Do We Need Disability Insurance?

Output: We need long term disability insurance to cover prolonged periods of illness and injury by generating tax free income from the benefits of the policy . Benefits do not begin until the elimination or waiting period has been satisfied . Protecting your income when you ca n't work is an important part of defensive planning .


Input: Why Do We Need Disability Insurance?

Output: Your earning power over a lifetime is extremely significant . The odds of becoming disabled an average of 30 months during your life time is almost a probable event . Disability insurance is paycheck protection . Everyone should who has earned income should have it / Keep in mind that in addition to disability insurance for earned income , you can also secure coverage for your retirement contributions as well .


Input: How Much Is Supplemental Medicare Insurance In Florida?

Output: Medicare Supplement Insurance in Florida is a fraction of the cost of what you would spend on medical bills over the course of your lifetime . Considering that Medicare Part A & B only covers about 80 % of the costs . You are on the hook for the other 20 % unless you have a Medicare Supplement . In Florida , the premiums can vary widely from North Florida to South Florida . An independent agent that specializes in Medicare Supplement Insurance will be able to show you everything that is available to you and help match the plan that fits your specific needs . Visit our website at SummitMedigap.com to compare Florida Medicare Supplement plans instantly online . We are also happy to help answer any questions you have at 1-888-407-8664 .


Input: How Much Is Supplemental Medicare Insurance In Florida?

Output: Medicare Supplement in Florida is affordable , but the specific rates depend on four factors : Where you live , your current age , male or female , and smoker or non-smoker . The rates are standardized , and the ability to change from one Medicare Supplement to another requires that you are approved through health underwriting . When you are turning 65 and looking for a Medicare Supplement , you have an open enrollment opportunity , with no health underwriting considerations at all . The most important thing to remember is that the plan that you picked when you turned 65 is not , necessarily , the plan you should stick with for the rest of your life . The rates go up with all companies and at different speeds . Your agent should be shopping the market for you at each and every anniversary of your policy . You should also pick an independent agent , as opposed to an agent that works for only one company . The difference in the premium offered by an agent that only works for AARP or Mutual of Omaha , vs. a broker that can bring any and all carriers , can be a difference of $ 100 per month or more . This is for the same , exact , standardized Medicare Supplement plan . All of the plans are the same - a Plan F with one carrier has the same benefits and providers that accept it , as the Plan F with the other companies . The only difference is the price . See your `` Medicare & You '' guidebook where it says this exact same thing . My agency has saved seniors over $ 1 million in premium since we 've been in business . Typically , the savings are $ 600 per year when we are shopping a plan from where they were with their old carrier . Again , demand that your agent shop these plans for you every year . Your doctor does not care what name is on the insurance card , or how much you paid in premiums . He or she is still going to give you great care . You should get the most insurance for the money , and with Medicare Supplement insurance in Florida , there is a great difference in the premiums for Medicare Supplement insurance .


Input: How Much Does An Irrevocable Life Insurance Trust Cost?

Output: To find out the cost of an Irrevocable Life Insurance Trust you would need to ask your attorney . It is not wise to set up an Irrevocable Life Insurance Trust with a software kit ; only an attorney with expertise in tax planning should set up this type of Trust . Once it is done , it can not be changed directly by the Insured , and the Trust is the Owner and Beneficiary of your policy or policies . That being said , if it is set up correctly and the Trustee is someone you trust -LRB- pardon the pun -RRB- , an Irrevocable Life Insurance Trust can save you a large amount of estate taxes and allow you to transfer your estate in an orderly way .


Input: Why Is A Pension Plan Important?

Output: A traditional pension plan is generally categorized as a defined benefit plan . The old school convention was managing retirement to an established amount in the future . That was then . Now defined contribution plans are much more in vogue . Many government and private pension plans are operating with a short fall . Most advisers appear to be recommending defined contribution plans .


Input: Why Is A Pension Plan Important?

Output: A pension or retirement plan is important because you 're basically paying yourself for your future lifestyle during retirement . By establishing a disciplines saving method , you can set aside monies for future income when you retire . Some pensions are qualified , others are non-qualified plans , while some are employer sponsored and others are individual plans .


Input: Which Companies Offer Annuities?

Output: There are over hundreds of life insurance companies that manufacture and distribute tax deferred and immediate annuities . Here are but a smattering of the annuity companies online : Allianz , American Equity , American National , Genworth , Principle , Protective , Met , Minnesota Life , Prudential , Mutual of Omaha to name a few of the bigger companies .


Input: Will Car Insurance Pay For Hail Damage?

Output: Hail is a covered peril under the comprehensive portion of your auto insurance policy . It is commonly referred to as `` Comp '' coverage . Or `` Fire & Theft '' coverage . Make sure to check you insurance policy to make sure you have Comp coverage . Also , check your deductible to make sure it is worth filing a claim . Hope this answer helps .


Input: Will Car Insurance Pay For Hail Damage?

Output: Car insurance pays for hail damage under the `` comprehensive '' portion of your policy . Typically , the deductible is very low or `` no deductible , '' which saves you quite a bit of money . On very old cars , it is possible that you do n't have comprehensive benefits . The broker who sold you the policy would have that information .


Input: Will Car Insurance Pay For Hail Damage?

Output: If you have full coverage which includes Comprehensive or Other than Collision then the answer would be yes . Comp or OTC covers any damage not related to a collision . This includes hail , fire , animal hits , glass breakage , vandalism , or other perils not related to normal wear and tear or road hazard such as pot holes . If you have a specific question on whether or not something is covered always call your agent first before calling your company . He can advise you whether or not it would be to your advantage to report a claim .


Input: When Is The Right Time To Get Life Insurance?

Output: When is the right time to get life insurance ? Probably when your health is great and you do n't feel the need . It is funny but for the people who wait till the time is right , they often find their health has changed and the opportunity to get coverage at the best possible rate has passed . I guess you ask yourself `` do I have a need ? '' if yes , then that 's the right time .


Input: When Is The Right Time To Get Life Insurance?

Output: The right time to get life insurance is as soon as possible when you have a need . You never know what is around the corner and it would be unfortunate to be procrastinating on this purchase and then have an unexpected accident . Life insurance premiums are based on age -LRB- and other variables -RRB- and you will never be younger than you are right now .


Input: When Is The Right Time To Get Life Insurance?

Output: Life insurance is a basic indemnification product for defensive planning in case the family bread winner , business partner and charity donor dies . If there is no potential or real economic loss for these beneficiaries , then life insurance is unnecessary . But in our culture , self-insured scenarios are rare . Most need at least temporary coverage provided by term life insurance and the best time to obtain coverage is when youre healthy .


Input: What Is The Average Cost Of Renters Insurance Per Month?

Output: The average cost is much lower than you might think . People living in apartments in Fresno , California can buy a renters policy for less than $ 10 per month . That will provide around $ 20,000 of protection for personal property and $ 300,000 for liability protection in the event of personal injury and property damage . The policies are transferrable when you move from apartment to apartment and many companies will discount a homeowners policy when you have had a renters policy with them .


Input: What Does Medigap Insurance Pay For?

Output: Medigap Insurance pays for what original Medicare Part A & B does not . Part A & B only covers only around 80 % , the medigap insurance covers the remaining 20 % depending on which plan you have . For example , Plan F is the most comprehensive covering all deductibles , co-pays and co-insurance . Plan G covers everything but the Part B deductible which is $ 147/year -LRB- 2014 -RRB- . Medigap Insurance has no network so you can go to any doctor or hospital you would like . If they take Medicare , they will take the Medigap Plan .


Input: What Does Medigap Insurance Pay For?

Output: I answered a similar question recently but the answer is the same : Also known as ` Medicare Supplement insurance ' , a ` Medi-gap insurance ' policy helps to fill some or all of the financial `` gaps '' between what a person 's Medicare insurance pays and what is left unpaid . For example , it can pay health care expenses incurred , which are unpaid by Medicare such as your deductible , your co-payments & your co-insurance . Medicare Supplement or ` Medi-gap insurance ' does not cover dental , vision , long-term care and some other items . Check to see if you need a separate Medicare Prescription Drug Plan - Part D . You probably will . You need to be under Medicare parts A & B to qualify for a ` Medi-gap ' policy . A lot of well-known carriers are able to sell this type of insurance in each State . Be sure to shop around .


Input: What Does Medigap Insurance Pay For?

Output: If you are on Medicare you may qulaify for Medigap or a Medicare supplement . These programs are adminstred by individual insurance carriers licensed by CMS to offer the approved CMS supplements . Medigap pays for PartA & B coinsurance and hospital care . It pays for skilled nursing facilty . May also cover excess chagres in some states.Depending on the plan you may pay as much as $ 4,800 out of pocket . Most plan however have better coverage than that . Remember : You will need to retain a part `` d '' plan as well as unlike most Advantage plans , supplements or medigap do not include this coverage . Marc Crolius 877.894.4643