Input: How To File A Complaint Against An Auto Insurance Company?

Output: If you can not resolve an issue that you have with your carrier thru their channels , you do always have the option to file a complaint with the insurance commisioner in your state . Every carrier is under the watch of the insurance commissioner of each state . If you are looking to find out more information about your states insurance regulations or about the carriers that operate in your state , the insurance commissioners site is a good place to look at .


Input: How Does Single Premium Whole Life Insurance Work?

Output: Single Premium Whole Life Insurance is a lump sum deposit into a modified endowment permanent life insurance policy . The Single Premium Whole Life Insurance policy can be designed to cover an indemnification need , an income scenario like an annuity and as a transfer asset for generational gifting.Single Premium Whole Life Insurance can be a tax advantaged opportunity with interest rate crediting that may be competitive with other interest rate products .


Input: Will Home Insurance Cover Stolen Property?

Output: All HO-3 policies will cover theft & vandalism . The policies may have a deductible and it is good if you have made a video showing the items with serial numbers or model numbers recording dates purchased , amount paid , and any other documentation that may be relevant . You say `` home '' insurance so I assume you are considering purchasing home and you are asking about homeowner policies


Input: Is United Healthcare A Medicare Hmo?

Output: It depends . Or , yes , and no . United Healthcare offers co-branded Medicare plans endorsed by AARP . Their policy line includes Medicare supplement -LRB- Medigap -RRB- , Medicare Advantage and PDP -LRB- prescription drug plans or Medicare Part D -RRB- . Their Advantage plans can include an HMO offering , a PPO offering or PFFS , or all three choices .


Input: Is Life Insurance Taxed In Michigan?

Output: It 's a fairly vague question so I would have to say that in the United States life insurance is not taxed in any state except under specific circumstances . If you own a life insurance policy and it has grown a cash value greater than the amount of premium you 've paid into it , and you then surrender the policy and take the cash value , you may be taxed on the amount of gains over what you paid in premiums . If you paid too much premiums into a cash value policy so that it becomes a modified endowment contract you will then be taxed on the gains that are earned . And there are a couple other instances where taxation may be incurred , but generally life insurance is not taxed .


Input: Is Life Insurance Taxed In Michigan?

Output: Life insurance in Michigan is not charged income tax to the beneficiary , except when there is interest on the money -LRB- e.g. when the death benefit is not taken in a lump sum , but in regular payments , income tax is charged on just the interest -RRB- , or some other anomalies . Federal Estate taxes will apply if the amount of the life insurance is over 5.25 M and the spouse is no longer alive . Michigan does not have a state estate tax at this time .


Input: How Can You Make Your Auto Insurance Premium Go Down?

Output: Lowering coverage limits , raising deductible , dropping full coverage and shopping around are the traditional things you can do immediately to lower your premium . Cleaning up your driving record or buying a safer car are longer term fixes . A new option are the driving tracking devices like `` Snapshot '' from Progressive that monitor your driving habits and potentially offer you savings if you drive safely .


Input: How Can You Make Your Auto Insurance Premium Go Down?

Output: You can normally make your auto insurance premium go down by combining coverages with one company , decreasing your coverage levels , or removing coverages . Combining your coverage with one company if possible is the best way tolower your premium as most off multi-policy discounts.This really is a coversation best held with your local agent . They can best direct you on the reprocusions of doing any the things mentioned .


Input: When Should You Buy Life Insurance?

Output: There are some life events that prompt people to buy life insurance : getting married , the birth of a child , buying a home , college bills coming in , securing a business loan , the death of a close friend or relative . Whenever there is a need is a good time to buy life insurance .


Input: When Should You Buy Life Insurance?

Output: You should attempt to secure coverage the moment your beneficiaries or business partners would suffer economic loss at your demise . You should attempt to purchase life insurance while you young and healthy . You should consider life insurance at every life event you experience to keep the coverage current with financial liabilities .


Input: When Should You Buy Life Insurance?

Output: You should buy insurance before you need it . Once you need it you may not be able to qualify for it . For example , once you are in an automobile accident it is to late to purchase automobile insurance . For another example , if your house burns down it is to late to purchase homeowners insurance . The same goes for life insurance . If you wait until your health is bad you may not qualify for life insurance . You do not need to wait until you are married or have financial obligations . The best time to buy insurance is when you are young and insurable . That way , once you are married and have children -LRB- if these apply to you -RRB- and have other financial obligations then your finances will be protected . Then you can purchase life insurance for your spouse , your family , your business partners , your mortgage etc. as different milestones occur in your life . You should pay yourself first and purchasing life insurance is one of the best ways you can pay yourself first . Remember , life insurance is money . And , under the current tax laws if the insurance is set up properly the beneficiary should be able to receive the proceeds tax-free .


Input: When Should You Buy Life Insurance?

Output: When should you buy life insurance ? Preferably , before you die , since after death occurs , well ... it is too late ! The best time is when you are younger and can afford to purchase coverage . There are many forms of coverage through dozens of top-rated carriers . An experienced broker that specializes in life insurance and/or financial planning can easily shop for you and present you with the best choices .


Input: When Should You Buy Life Insurance?

Output: You should buy life insurance when you have financial obligation that must be paid upon your death that you do not want others to be burden with . For example , do you want your family to pay your funeral expenses , your credit card debt , your mortgage and bank loans . Probably not so many buy life insurance to provide the funds needed to clear your obligations . Question , are others depending upon your income to sustain their living expenses ? If so , then you can use life insurance proceeds upon your death to provide for their continuing need for financial support .


Input: What Is Gerber Life Insurance?

Output: Gerber life insurance company began in 1967 and is rated A -LRB- excellent -RRB- rating by A.M.Best , a third party watchdog agency . Gerber has 40 million in force with 3 million customers and 2 billion in assets under management . It is a small niche carrier in the life insurance market place .


Input: What Is Gerber Life Insurance?

Output: Gerber life insurance is life insurance provided by Gerber Life Insurance Company . A company headquartered in White Plains , NY and established in 1967 . It is a financially separate entity from the Gerber Products Company , with the same mission - `` help parents raise happy , healthy children '' . Gerber life insurance offers both term life insurance and whole life insurance . They even have signature products that include term or whole life . The Gerber Life Insurance Company currently has a single A rating from A.M. Best , which is consider ` Excellent ' . A.M. Best provides impartial reporting by rating insurance company management , integrity , and financial stability .


Input: How Does Health Insurance Differ From Other Kinds Of Insurance?

Output: That is a great question ! The main difference is that it is designed to help you protect against the expenses of sickness , disease , or injury . Another great difference is that unlike any other type of insurance out there , the Government helps pay for this one . Medicare , Medicaid , and thanks to the subsidies offered through the Affordable Care Act -LRB- Obamacare -RRB- even regular health care is paid for in part by the Government . That 's a nice plus ! Thanks for asking !


Input: How Does Health Insurance Differ From Other Kinds Of Insurance?

Output: The purpose of any kind of insurance is to protect yourself from a catastrophic financial event by pooling the risk and shifting it to a third party -LRB- the insurance company -RRB- in exchange for a small monthly premium . In the case of health insurance , that financial event would be due to an illness or injury . Other types of insurance protect against other types of events . For example , life insurance is designed to protect your family in the event you died unexpectedly or future planning -LRB- e.g. estate planning -RRB- . Disability insurance is designed to protect your ability to work - if you ca n't work , how would you provide income ? It 's always recommended to consult with an experienced insurance broker when getting your insurance portfolio established because there 's so many moving parts . Please feel free to contact me for assistance . Thanks very much .


Input: Why Do We Have Life Insurance?

Output: That is a great question ! The simplest reason is to provide protection from debt for those that we leave behind . Whether that is the debt from our final expenses -LRB- funeral , plot , headstone , etc. -RRB- , from the loss of our income and the hardships that would create , or both , life insurance is a way to do that . It is a way to show love for those we leave behind . I hope that helps - thanks for asking !


Input: Why Do We Have Life Insurance?

Output: We have life insurance as consumers because we want to be able to leave our dependents , businesses , lenders , and charities in good shape -LRB- at least , not in financial devastation -RRB- in the event of our death . We gave life insurance as a legal and valued product in our nation because it allows individuals to care for their own , rather than leave them impoverished and needing the government to support them .


Input: Why Do We Have Life Insurance?

Output: Life insurance is a mortality product to protect against unexpected death for those who have financial responsibility for others such as family members , business associates and charities that depend on you . In our culture we have indebtedness , future financial obligations and charitable intent . Life insurance can ensure that those items are covered when an unexpected death occurs .


Input: Why Do We Have Life Insurance?

Output: We have life insurance because we love . If there is anyone that would suffer at your passing , life insurance could ease the pain and assist in the transition . We need life insurance because we borrow money . Lenders often ask customers to assign life insurance benefits to secure a loan . We need life insurance if we want to leave a lasting impression on society . If there is a charity that excites you , a gift at your passing might be a significant boost to their activities . If you dont love anyone , dont owe anything and could care less about society , you are probably not a candidate for life insurance .


Input: Does Progressive Renters Insurance Cover Jewelry?

Output: A standard renters insurance policy does cover jewelry loss or damage , if as a result of a covered peril . However , these policies contain a limit to the amount that will be paid for each jewelry item . The limits are generally $ 1,000 or $ 1,500 for each piece or a set amount for all jewelry lost or damaged at one time by one occurrence . So , obviously you could have jewelry that is worth a lot more than you would receive in the event of a covered loss . If such a situation exists for you , consider buying additional insurance based on the values of the jewelry . This can be done on an endorsement or separate policy . Check with your agent as to your options . Also , be aware that some pieces may need to be appraised before determining the premium you will be charged .


Input: Who Is Entitled To Cobra Health Insurance?

Output: Any employee that is participating in the company 's health insurance plan will be eligible for Cobra coverage provided that they sign up for the coverage within 30 days of seperation of employment and will have the option to continue the coverage for up to 18 months . Please remember that each state sets it own regulations for insurance . Please check with your local agent to know what coverage is available within your area .


Input: Does Auto Insurance Go Down?

Output: It can . Depending the company that you have your policy through . Insurance companies typically review the driving records of their clients on yearly basis . If you have accidents or tickets on your record that are about to date back over 5 years it is a possibility that your insurance company will lower your rates upon renewal . Remember there are many factors that go into you insurance rate . If you have a concern about your rates contact your local agent and discuss it with them they may be able to give you some insight on how to or when your rates may lower .


Input: Is Health Insurance Subject To FICA Taxes?

Output: Individual health insurance policies are of course payed with post tax dollars . Group plans can be structured by the employer so that funds are not subject to payroll taxes . This is done through setting up a section 125 payroll redirection . With a section 125 the employer can deduct the premiums from the employers wages before tax and submit those funds directly to the insurance company on behalf of the individual . With this type of set up both the employer and employee will avoid FICA and FUTA taxes on the premiums .


Input: Does Medicare Pay For Home IV Therapy?

Output: Unfortunately , Medicare does not pay for home IV therapy . When infusions are done in the hospital or in a skilled nursing facility , Medicare picks up the payment for infusion therapy . However , it is has not extended that benefit to home IV therapy , even though the costs are much less than what is entailed when receiving IV therapy in a hospital or nursing home .


Input: Which Home Insurance Is Best In Pennsylvania?

Output: No one insurer is the best insurer for all people . Every insurer has varying degrees of appetites for certain risks and as a result will charge people differently based on the risk they pose to the insurer . For this reason , it 's best to seek out the guidance of an agent who is licensed to sell home insurance in your state so that he or she can show you an array of options and you can determine which insurer is best for you .


Input: Can I Drive Any Car With Comprehensive Insurance?

Output: Comprehensive coverage applies to damage to your vehicle for anything other than a collision . Some examples would be hail damage , animal strikes , windshield breakage , or vandalism . Auto insurance is divided into the Liability portion and the damage to your auto portion . Liability is what many states require and what you need to drive another car . Collision and Comprehensive may cover another car only in certain circumstances such as temporarily renting a vehicle . Usually to have Comprehensive coverage you would also have liability coverage as well unless you are storing your vehicl . If you are going to drive the vehicle or any vehicle you need to carry liability .


Input: How Much Is Average Renters Insurance?

Output: How much is the average renter 's insurance premium ? Not much ! Renter 's insurance typically is inexpensive and costs about $ 100 - $ 240 per year , depending on where you live and how much contentcoverageyou need . Of course , there are many other variables including other types of insurance you have with the carrier , your credit and past claims history .


Input: How Are Medicare And Medicaid Similar?

Output: -- > Both Medicare and Medicaid are insurance programs provided by the government for the most vulnerable groups to illness and injury . Both programs receive money from the federal government , but Medicaid is actually managed by the individual states . Medicare is for those over age 65 and with certain medical conditions while Medicaid is for anyone with limited income . Individuals needing to sign up for Medicare must do so through the Social Security administration . The Medicare website provides excellent information on the various benefits and additional coverage that may be available . Those interested in applying for Medicaid can now do so through their state or federal health exchange website or call center . -- > Normal 0 false false false EN-US X-NONE X-NONE -- > -- > / * Style Definitions * / table.MsoNormalTable -LCB- mso-style-name : `` Table Normal '' ; mso-tstyle-rowband-size :0 ; mso-tstyle-colband-size :0 ; mso-style-noshow : yes ; mso-style-priority :99 ; mso-style-parent : '' '' ; mso-padding-alt :0 in 5.4 pt 0in 5.4 pt ; mso-para-margin-top :0 in ; mso-para-margin-right :0 in ; mso-para-margin-bottom :10.0 pt ; mso-para-margin-left :0 in ; line-height :115 % ; mso-pagination : widow-orphan ; font-size :11.0 pt ; font-family : `` Calibri '' , `` sans-serif '' ; mso-ascii-font-family : Calibri ; mso-ascii-theme-font : minor-latin ; mso-hansi-font-family : Calibri ; mso-hansi-theme-font : minor-latin ; -RCB-


Input: What Are Some Questions To Ask When Purchasing Life Insurance?

Output: A company 's claims paying ability is very important . Several rating services monitor the financial strength of insurance companies . The policy has contractual provisions , but the proposal that 's used for sales purposes is based on current company practice.Life insurance is sold in two formats : temporary and permanent . Establishing your coverage period is import , so make sure you are aware of the policy 's time line .


Input: What Are Some Questions To Ask When Purchasing Life Insurance?

Output: Some questions to ask when purchasing life insurance are : 1 -RRB- What is the rating of the company ? 2 -RRB- How long is the premium guaranteed not to go up ? 3 -RRB- Will the death benefit stay the same for the entire length of the policy ? 4 -RRB- If the policy is permanent , ask for an illustration to show projected future cash values and guarantees . 5 -RRB- If term , ask what options you have at the end of the term -LRB- and is it convertible before the end of the term -RRB- . About what will that cost ? 6 -RRB- Is there a waiting period -LRB- graded period -RRB- ?


Input: Is Stonebridge Life Insurance Good?

Output: Stonebridge Life Insurance company is a smaller insurance company compared to the those like Transamerica , American General , Aviva Life and Assurity . That said , this does not mean Stonebridge is bad . In fact some of the life products fit very well meeting the needs some people have . Their rates are competitive and underwriting is as good as the bigger companies .


Input: Would Homeowners Insurance Cover Tree Removal?

Output: Unless the tree has come down and caused damage to a portion of your home or other real property , you will probably find that tree removal as an effort of maintaining your property will not be covered under a Homeowners ' policy . Under the conditions I mentioned earlier , you should check with your insurance professional to see about some coverage for removal as a part of the damage claim .


Input: How Long Does Health Insurance Last After You Quit?

Output: Health insurance can last quite a while after you quit your job . If you are eligible for benefits the employer extends to retirees , you can consider that coverage . However , purchasing your own personal individual or family policy would also be worth considering . You couldspecificallytailor the benefits to meet your specific needs . You may also not need dependent coverage any more and mightwantto increase your deductibles .


Input: Is Life Insurance Cheaper To Buy When You Are Younger?

Output: Yes , life insurance premiums are a lot lower at younger ages when the risk of death is lower . The longer one waits to buy life insurance , the more the premium will be . In a level premium , permanent policy , you are locking in a lower rates for life by buying early .


Input: Is Life Insurance Cheaper To Buy When You Are Younger?

Output: That is an excellent question ! Absolutely it is cheaper to buy young ! I purchased policies for my kids when they were in preschool . Their monthly payments will never be more than the approximately $ 7 a month that they were when I purchased them . An added bonus in buying for your minor child ? Many companies offer the opportunity to add additional amounts of insurance without having any health questions . This can be a huge blessing , especially if your child has developed some illness that would otherwise deny them , or make the coverage prohibitively expensive . The other benefit of buying young is for the growth of the cash value . A policy purchased and left to grow for a couple of decades can have a sizable cash value , when you hit retirement age , and may need access to some extra money . By all means , buy young ! Thanks for asking !


Input: Is Life Insurance Cheaper To Buy When You Are Younger?

Output: Life insurance is cheaper to buy when you are younger if your health is good or you have no other risk . Some things that can afflict a younger person do not show up so much in older persons : DUI 's , suspended drivers licenses , suicide attempts , some mental disorders , and type 1 diabetes , to name a few . While under the age of adulthood , some of these conditions can make it impossible for a child or teen to get life insurance , although there are usually policies to be had for each of these after age 19 . And sometimes more years of control or stability can actually bring the rate down . However , in the absence of those situations , it is usually cheaper to buy life insurance when you are younger .


Input: Is Life Insurance Cheaper To Buy When You Are Younger?

Output: Usually , yes the lower the age the lower the premium if the applicant 's health is good and no other risks.Also in Level premium , Permanent life policies the monthly premium is set at a lower rate for life buy purchasing coverage at a lower age.Another advantage of purchasing at a younger age , is it increases the potential for larger cash value in a policy .


Input: Does Home Insurance Cover Sewer Pipes?

Output: Not normally . Your home insurance was designed to repair or replace your home if something covered happens to it . Usually , anything below ground is n't covered . Now , if your home is destroyed and the insurance company rebuilds your home , they will usually pay to hook your sewer up , but not to repair or replace the pipes . if you think about the things that can happen to a home , a sewer pipe really ca n't have those things happen to it . My big question here is : what the heck happened to your sewer pipes that you want covered ? Insurance is designed to repair damage that is sudden and accidental . There are n't many things you can do to a sewer pipe that are sudden and accidental . About the only thing I can think of is if someone working underground hits a sewer pipe and breaks it . In this case the company working there is responsible for any damage they may cause .


Input: When Should I Buy Term Life Insurance?

Output: Term life insurance is needed when a loved one depends on your income to live or function . Could be a spouse or child or a business partner or key employee situation . Term life insurance is the most affordable way to create an instant estate due to a sudden or unexpected loss .


Input: When Should I Buy Term Life Insurance?

Output: You should buy Term life insurance when you have a need for a lot of life insurance at a low cost , and when the need is temporary . E.g. . If you want to be sure that your 3 young children have enough money to go to the college of their choice if you would pass , you could take out a $ 1,000,000 twenty year term policy at a much lower rate than if you bought that amount in Whole Life .


Input: How Much Will Home And Contents Insurance Cost?

Output: The best way to get the answer to this question would be to contact a local agent . Insurance policies are as unique as the people who purchase them , which makes the rates for each policy typically unique . Some of the factors that affect your premium for your homeowners insurance are : the year your premise was built , the valuation of the premise , the geographic location of the premise , distance from the nearest responding fire department , and distance from the nearest fire hydrant just to name some of the main ones .


Input: Which Section Of Medicare Pays For Ambulatory Service?

Output: Medicare Part B will cover ambulance services that are medically necessary . Even though original Medicare does not have networks , you need to understand that Medicare has a fee schedule for things such as medical transport companies . What Medicare is willing to pay for ambulance transport may not be enough to satisfy the bill presented by the ambulance company .


Input: Will Health Insurance Pay For Personal Trainer?

Output: I 've had my hands on well over 10K individual health insurance plans in the past ten years and I 've never seen one that will pay for a personal trainer . I have seen group plans that will subsidize or discount gym memberships though . Using a trainer to get fit is an excellent idea , but you 'll probably end up paying for it out of your own pocket . Have fun working out .


Input: Is My Fixed Annuity Safe?

Output: An annuity is a contract between you , and the insurance company . The performance of the promise is dependent upon the insurance company 's ability to meet its financial obligations . That ability is supervised by the insurance commissioner in the state where the company is domiciled and the commissioner in the state in which the policy is written . There are mechanisms in place to minimize any risk to the annuitant .


Input: Is My Fixed Annuity Safe?

Output: That is a great question ! I 'm not sure what annuity you have , or the details of it , so that 's a tough question to answer . If your cash flow is good enough that you do not need to touch the annuity for the length of the surrender period , then it is safe . If it pays you an interest rate that is higher than the inflation rate , then it 's safe . If it is with a reliable company that can afford to pay you out , then it 's safe . If you answered negatively to any of those things , then you may have trouble . If you 'd like to contact me with specifics , I can answer you a little better . Thanks for asking !


Input: Is My Fixed Annuity Safe?

Output: An annuity is a contract between you -LRB- the annuitant -RRB- and the insurance company -RRB- . Fixed annuities are a type of annuity that has a defined , guaranteed payment structure . The annuitant agrees to pay the insurance company a single payment , or a series of payments , and the insurance company agrees to pay you a fixed amount -LRB- income -RRB- , starting immediately -LRB- an immediate annuity -RRB- or at a later date -LRB- a deferred annuity -RRB- , for a specified time period -LRB- this could be for 10 years , 15 , years , 20 years , for life , etc. -RRB- . You generally want to have the annuity through a financially sound company -LRB- e.g. `` A '' rated or higher by rating companies such as A.M. Best , Moody 's , etc. -RRB- . If you 're concerned about what would happen to your money if the annuity insurer went bankrupt , please be aware there are protections in place in case something like that happened . In each state , insurance companies are required to pay into a state-operated guaranty fund that , in short , acts like an insurance company for the insurance company . It can pay out funds to the beneficiaries of the annuities up to the funds specified maximum allowances . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: What Should I Pay For Disability Insurance?

Output: The average cost for an individual Long Term Disability policy is about 1 % to 3 % of your annual salary . The more bells and whistles you add onto your policy , the higher it will cost . Some features , like residual and own occupation , are worth it . Others , such as a very short elimination period , may not be worth the extra cost .


Input: Why Is Group Health Insurance Better Than Individual?

Output: With the requirements of the Affordable Care Act -LRB- ACA -RRB- that became effective January 1 , 2014 , the differences in what group and individual health insurance cover are virtually nonexistent . The removal of underwriting , pre-existing condition exclusions and/or limitations and the addition of guaranteed issue and maternity coverage to both policy types has furthered leveled the playing field between group health and individual health insurance products . The crucial advantage group health plans continue to enjoy versus their individual market counterparts are tax issue related . What an employer contributes towards the health insurance coverage of their employees is a deductible business expense and in some small group cases may even qualify for a tax credit . In addition , employees can pay for their share of group health premiums using pre-tax dollars under a Section 125 Plan . Pre-tax treatment of employee contributions not only saves employee 's money , it reduces net taxable payroll which in turn lowers employer FICA matching expenses which is a further tax savings . For most individuals who purchase and pay for individual health insurance on their own there are none of these associated tax benefits . That is not to say that some individuals can not structure their business affairs to get some tax advantages in the individual marketplace but , after the ACA , our system is now set up to continue to tax favor group policies versus individual policies and to tax favor individual health insurance policies via subsidies up to certain income levels up to 400 % of the Federal Poverty Level -RRB- .


Input: Can I Have Two Disability Insurance Policies?

Output: In the situation you 've described , no it would not make financial sense to carry two policies . Both are group plans and both restrict total payouts . You may have a cap of 70 % of your income or even 80 % which would allow for some additional coverage , but honestly it may prove expensive to do it this way . A situation where you could maximize your coverage is purchasing individual coverage prior to joining a group plan . There is no offset in place then and there is a potential to cover 100 % of your income . Individual first , group second . That 's the only way that works .


Input: Can I Have Two Disability Insurance Policies?

Output: Great question ! You certainly can have more than one disability insurance policy . Most commonly this occurs when a person has a group long term disability coverage plan and it does not fully meet or cover their income needs if they were to become disabled . In those cases individuals want to protect themselves and their family against a catastrophic loss of income in the case of disability . So , they will often supplement a group plan with one or more individual disability policies to more fully protect their income .


Input: Can I Have Two Disability Insurance Policies?

Output: Can you have two disability policies ? Yes , and if you do it right , you can insure 100 % of your income . A person can buy an individual disability policy first for full benefit and then be covered by a group disability plan for full benefit . It is actually possible to have more than 100 % coverage if your situation works this way . There is no provision in either policy that reduces benefit to 100 % . Now if you have group before you have individual you usually will be capped at 70 % of income as the maximum between the two types of coverage .


Input: Can I Have Two Disability Insurance Policies?

Output: In most cases , you can have multiple disability policies . However , it may not make much sense depending upon the reimbursement terms of each respective policy . Most disability policies have limits on the payment amount which is most often determined by a percentage of current salary . If you have multiple policies , you will need to reveal this to each , at the time of policy purchase and/or at the time of claim submission . Multiple disability policies often occur when an employee receives a disability policy from his or her employer but wants to supplement the amount of income reimbursement , in the event of an income loss due to a disability . Often , but not always , payment from one policy will be off-set by the amount of payment from an additional disability policy , so that the policyholder does not receive more than the actual amount of income loss . Read each policy carefully , particularly as each addresses payment provisions .


Input: Can I Have Two Disability Insurance Policies?

Output: Right , Right , Right , Right . In this case ... take the new plan . If this was outside of work , could you have 2 policies ? Sure can . & I dont mean short term plus ling term . Although my buddy Tim gave some sound advice about that ... There are many times that a person should keep the DI plan they currently own while considering a new plan . I wo n't list out all those reasons . They 're very situation specific . IF ... if you were thinking , `` I 'll have more protection if I own two plans '' , I would suggest researching a Critical Illness -LRB- CI -RRB- plan for its additional benefits . Its not an income/occupation based protection plan . There are no waiting periods , the money does n't trickle in month to month , and you receive upon diagnosis a lump sum benefit . Some carriers have plan from $ 5,000 to $ 500,000 . We often pair a Critical Illness with a Long Term DI plan to meet immediate cash needs & long term income replacement . Just a thought ... reach out through the site -LRB- respecting their rules about posting links to take you off the site -RRB- if anyone reading this wishes to learn more . THANK YOU !! - gravy


Input: Can I Have Two Disability Insurance Policies?

Output: Under your current situation I would not carry the old disability policy . Disability insurance is a coordinated product in the sense that any number of policies will not pay more than the maximum scheduled amount usually no greater than 70 % The only reason to carry two different disability insurance policies is if you purchase a short term and a long term disability insurance policy . The long term policy may have an extended elimination period of 90 days or 180 days before benefits commence . A short term disability plan can commence within in days and pay benefits up to the elimination period of the long term plan . What you are describing sounds like two long term disability plan and would not make financial sense to keep the other policy .


Input: Can I Have Two Disability Insurance Policies?

Output: Disability policies coordinate with each other . Think about it . If you had 2 or more policies which when you add up the benefit would pay you over your income , ever one would have several . Generally speaking , depending on your occupation , income and medical status , your disability policy will cover anywhere from 50-80 % of your income . If you have 2 policies , the 2 company would generally pay the difference up to the maximum , so up to 80 % if that is the benefit you so qualified for . I would strongly recommend that you send a copy of your policy to an agent/broker who works with Disability policies and see where you stand , what makes the most sense with a second policy , etc. . IF you do not have an agent or broker , let me know and I 'd be happy to give you a review and recommendation . Oh , congratulations on having a Disability policy . That is an important step in maintaining your Financial Security .


Input: When Is The Right Time To Buy Long Term Care Insurance?

Output: The younger the better . Purchasing Long Term Care in your 40 's and healthy will be much less expensive than if you wait until you are in your 60 's . Your money may pay for it but it is your health that buys it . Many people wait until it is too late . They wait until they can not qualify due to health issues or the premium becomes unaffordable .


Input: Does Homeowners Insurance Cover Damage To A Pool?

Output: Damage to a swimming pool that is caused by freezing and thawing is excluded in most homeowners policies . There would be very little coverage available for property loss to a swimming pool . Coverage for personal injury may be available through the liability section of the policy .


Input: How Much Homeowners Insurance Do You Need?

Output: A homeowner should purchase a policy that provides the highest possible liability limit . A lawsuit could ruin your future . The mortgage company and the insurance company will set the amount of coverage for the residence and most of the other limits are factors of that limit . I recommend that you consider earthquake and flood coverage as these are serious situations that arent covered by a Homeowners policy . An inventory of your household goods might indicate that you need increased limits in certain types of property . Water damage from backed up pipes and building ordinance are two issues that you should also consider .


Input: How Much Homeowners Insurance Do You Need?

Output: Owning a home can be a big investment , in terms of money , time , and memories . You should make sure that you have enough homeowners insurance to protect that investment . I always tell my clients that homeowners insurance is n't meant to pay off your mortgage if something happens to it , it should be there to rebuild your dream if something happens . I use what is known as the Reconstruction Cost to calculate how much homeowners insurance you need . That coverage amount consists not only of how much it would cost to rebuild your home , but also includes some commonly overlooked things , like cost to demolish and remove debris , and possible changes in building codes and laws that could increase the cost to rebuild . Most of the other coverage , like other structures , personal property , and loss of use coverage are a percentage of the reconstruction cost .


Input: How Much Can I Expect To Pay For Life Insurance?

Output: Great question ! To give you an accurate answer , I 'd need a lot more information - age , sex , smoking or non-smoker ; The status of your health currently , and over the past few years ; How much coverage you would like , and whether you have an occupation or hobby that puts you at risk . All of those things will affect the price of your policy . I can give you a better idea if you 'd like to contact me with details , otherwise I 'd advise you to contact a local independent agent who can give you an idea . Thank you for asking !


Input: How Much Can I Expect To Pay For Life Insurance?

Output: Anywhere from $ 20 to over $ 1000 per month ! There are a lot of variables that determine what the premium will be for YOUR life insurance policy . THe biggest determining factors are : age , health , gender , how much insurance and then which kind , -LRB- term , universal , Whole Life , etc -RRB- , and then which insurance company your buy from . Best advise is to work with an experienced Insurance Adviser who is also a Broker and can help you determine what will work the best for you depending on your goals and needs .


Input: How Much Can I Expect To Pay For Life Insurance?

Output: It 's hard to put intoquantitativeterms what a person can expect to pay for coverage . There are many factors that go into premium pricing . The risk class is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Keep in mind , every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Also affecting the premium for a policy is the type of policy you 're looking to secure - how much coverage do you want/need and for how long do you want/need it guaranteed for -LRB- term vs. permanent -RRB- . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . I always recommend consulting with an experienced broker to discuss and determine the benefit structure that will best serve your needs and your budget . Please let me know if I can be of further assistance . Thanks very much .


Input: How Much Can I Expect To Pay For Life Insurance?

Output: How much you pay for life insurance depends on a number of factors . Your the amount of coverage , current age , health , smoking status , occupation , hobbies -LRB- skydiving -RRB- and other underwriting considerations . In addition.how much you pay depends on what type of insurance you require and how long you need it for . Do you want or need additional benefits or features for example.is cash vale desired ? Do you want the coverage to be paid up after a number of years ? Since the premiums for coverage can vary significantly by company and type of coverage , you would be better by working with an independent broker who can help you find the right policy at the right price . In order for you to get a point of reference , there are a number of online quoting services available . If you go that route , be sure and compare the total premiums you will pay , not just the initial . 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 Term Life Insurance Good For?

Output: Life insurance creates tax at death . What is term insurance good for ? Temporary needs . It is often the most inexpensive way to provide the needed cash in the short term . In other words , if the need for coverage is short term to cover a loan for 10 years , then a 10 year renewable term would make sense . Since your needs may change , renewal rates and availability of conversion to permanent insurance should be considered . 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 Term Life Insurance Good For?

Output: Term life insurance is good to pay large expenses that only last for a set length of time . A mortgage , small business loan , or tuition loan are some large liabilities that most people do not have the money saved up to pay off , if they should die prematurely . But they are expenses that will not last forever . Therefore , Term insurance is a low cost way to cover those large debts for a set period of time , without breaking the bank . Another thing Term insurance is good for is raising a family . I recommend purchasing Term insurance long enough to get the youngest child to at least age 23 . Not in every case , but generally , I feel that Term insurance is not good for small face amounts . Most people who rely on life insurance to cover small debts , will also need life insurance to cover their final expenses . There are so many reasonably priced Whole Life policies that can be purchased in very small face amounts , and for persons of all type of health . And you can really save a lot of money on those policies by buying them at a younger age . Some can be paid up in a set number of years , and some have such good cash value that , if you decided to stop paying on the policy in the future , you would still have a decent sized paid up policy to hold onto . Of course , Term Life is also not good for any need that does not end until death . E.g. Funeral costs , paying estate settlement costs , passing money to grandchildren , etc. . Unless you know that you will have a large stream of money in the future so that you can afford to convert your Term insurance to permanent later on , you are usually better off just buying Whole Life or guaranteed no lapse Universal Life , to start with , for needs that do not end until death . Those are my general opinions on what Term Life Insurance is good for , and what it is not so good for . There are many exceptions as each person 's situation is different and policies can be set up to accomplish different purposes . Please do not hesitate to give me a call if you 'd like to discuss this in person .


Input: How Much Car Insurance Do We Need?

Output: You need to at least carry the state minimum coverage for liability . That can vary by state . In Ohio it is $ 12,500 per person $ 25000 per occurrence . I recommend higher limits due to the high award settlements when a person is sued . I would n't carry less than $ 50000 per person $ 100000 per occurrence with $ 50000 property damage .


Input: How Much Car Insurance Do We Need?

Output: In order to operate a car in most states you must meet minimum financial responsibility limits . These are normally represented by insurance with specific bodily injury and property damage liability coverage . While this satisfies the state requirement it is not sufficient in many accidents . The company is only responsible to meet the amount of coverage provided . If your limit was $ 30,000 of liability coverage and you hit a van carrying two children and both of them required ambulance service to emergency and were seriously injured , your limits would be exhausted in the first few days . The remaining expenses will probably appear as a law suit against you and any assets that you might have . Your lender will require that you maintain physical damage insurance on your car . In fact , they retain the right to purchase a collateral protection certificate which is something like insurance and pass that cost directly to you if you fail to maintain coverage . The lending company will give you latitude as to how much deductible you can select but they want to make sure that their interests are protected . The most important thing to understand is that the cost of an insurance policy is best determined when you have a claim . If the policy doesnt cover the damages , it was too expensive . Select well because it can make a substantial difference when you experience a claim . When you meet with an insurance agent to select coverages it is best to choose an agent who will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . Setting limits is a critical issue . The agent should tell you the maximum amount of liability insurance that he can provide in your situation . You should start with this maximum number because a lawsuit can cause serious damage to you financially . If you can afford the additional premium you could even consider an umbrella policy to extend further the liability limits . Often property damage liability limits are separate . Many cars cost in excess of $ 50,000 and in the event of a multiple car accident exceeding $ 50,000 is possible . Take as much coverage as is offered . The agent will then offer you medical payments coverage . Select the highest available limit unless you are confident that you will not have an occupant in your car who is not fully insured for medical care . This coverage will allow you to call for an ambulance and make sure proper medical care is extended to those in your vehicle . Your company will offer uninsured and underinsured coverage . This protects you should you be hit by someone without insurance or someone with inadequate insurance . This situation comes up frequently and this coverage should not be overlooked . Consider a high limit . The company will probably offer an accidental death and dismemberment benefit . That benefit is a form of life insurance when death or dismemberment is the result of an auto accident . It is highly restricted but it is also very inexpensive . Other benefits such as stowing and roadside service provide you with a single point of contact should you have mechanical problems or a collision . Generally these are a good value .


Input: What Does Renters Insurance Protect You From?

Output: Renters insurance covers you against loss of the possessions inside your home or apartment . If your apartment burnt up in a fire and you lost everything , you would be SOL if you did n't have renters insurance . Same thing if someone broke in your rental home and stole some expensive items .


Input: What Is The Difference Between Long Term And Short Term Disability Insurance?

Output: The two primary differences between long and short term disability are the policy elimination periods , and the policy benefit duration . The elimination periods describes how quickly benefit payments begin after the policyholder becomes disabled . Short term policies have much shorter elimination periods . The benefit duration describes how long payments will continue while the policyholder is continuously disabled . Short term policies may have a benefit duration lasting up to 24 months , while long term policies may have a benefit duration lasting to age 65 .


Input: Which Of The Following Is A Common Misconception About Retirement Planning?

Output: That is an interesting question ! I 'd list as choices to pick for answers to your question : A. -RRB- I need to start saving for retirement when I am 30 - or so . B. -RRB- I will get enough social security , disability , and Medicare that I really wo n't need to save C. -RRB- I need to save enough to last 10 years D. -RRB- I need to have at least a years salary put away to be good E. -RRB- All of the above Which answer would you choose ? Contact me for the one I 'd choose , and why . Thanks for asking !


Input: Which Of The Following Is A Common Misconception About Retirement Planning?

Output: Which of the following is a common misconception about retirement planning ? Well this seems like a test question that the answers were exclued from ... . I was going to select A over B , C and D , but since the answers were n't included , I will have to just wing it . I think the most common misconception about retirement planning is the faliure to really take `` time '' seriously . Too many people put off retirement planning andthe thing they ca n't get back is the lost time . Time makes retirement planning easy , allows for safer choices and requires less money to make things go . Without time , planning becomes hard , risk becomes greater and you need more money involved . So , the most common misconception about retirement planning is that you can start it later ... cheers .


Input: Which Of The Following Is A Common Misconception About Retirement Planning?

Output: I think that the most common misconception about retirement is that someone else is going to take care of my retirement . The statistics are alarming about how few Americans have any confidence at all that their retirement plan is going to provide the type of retirement that they need . Along the same line another misconception is that I can have a comfortable retirement without putting money into a retirement program . For many reasons that is just not true .


Input: What Is A Good Deductible For Auto Insurance?

Output: Great Question . Car insurance deductible is only used if you have a claim that is the amount you have to pay to get your car fixed or repair . So having a low deductible is good but normally cost more on insurance . So it depends on your situation . Pick the Deductible you can afford to pay if you have a claim .


Input: Why Tenants Should Have Renters Insurance?

Output: Tenants should always have coverage because the dwelling policy the owner of the property will take out does not cover the tenants belongings . Policies a very affordable and as a tenant they can choose the amount of coverage they want to carry . Coverage for their belongings as well as liability in the event someone is injured and Pursues them legally . In the event a water heater breaks , roof leaks , a/c damages their belongings the renter could look toward their personal home policy .


Input: Why Tenants Should Have Renters Insurance?

Output: Tenants should have renters insurance to protect themselves and their immediate family that resides in the same premise from financial hardship due to a covered unexpected loss . Renters insurance will typically provide some funds to help the insured secure another premise after being displaced due to a covered loss . Contact a local agent to discuss the coverages provided by renters insurance and any exclusions that their may be .


Input: How Soon Does Health Insurance Go Into Effect?

Output: Health insurance can often go into effect within minutes of your application being submitted . Many carriers have auto-approve underwriting which is when you meet all underwriting criteria and are immediately approved . It will not occur on all plans but on short-term policies and other options , it can be approved that quickly .


Input: Do I Need Builders Risk Insurance To Purchase A Home Where We will Do Major Renovations Before Moving In?

Output: I do n't recommend using the builder to purchase the builders risk policy on a renovation project . You need coverage on the existing structure and most builders would not be covering anything but the renovation amount . They would only be covering the amount of the renovation . Purchasing the policy yourself puts you in control of the policy and allows you to make sure that you are adequately covered . In looking at David 's response , I am in agreement that you should be named as additional insured on the contractors general liability policy and also get a certificate for their workers compensation .


Input: Do I Need Builders Risk Insurance To Purchase A Home Where We will Do Major Renovations Before Moving In?

Output: You definitely need to purchase a builders risk policy while remodeling . I would recommend purchasing a policy that covers the existing structure with an additional amount to cover the actual renovations . This is a policy that most if not all independent agents can handle and advise you on . Although this is not a homeowners policy , the bank should be completely fine with it as this is similar to what they see when they do a construction loan on a new home .


Input: Do I Need Builders Risk Insurance To Purchase A Home Where We will Do Major Renovations Before Moving In?

Output: Many carriers will issue a homeowner policy form to cover a home construction project when it is new construction . You may also use a `` builders risk '' dwelling policy form when a homeowner policy is n't permitted . Most carriers offer one option or the other . If a homeowner policy is used the `` vacancy an unoccupancy '' provisions can not be enforced during construction or renovation . Make sure to ask these questions of your agent or carrier to make sure coverage applies while under construction . You should also control the insurance and you should not insure the builder in that process . The primary issue here is one of what we refer to as `` insurable interest '' . Quite simply , you have the most to lose in a loss of the home and as a consequence you need to buy insurance to protect both your property interest and provide the lender with protection for the collateral -LRB- your dwelling -RRB- used in the loan . The building or contractor may have an interest in installed materials up to the point they make a draw for the installations , but their interest ends at that point because they do n't have an ownership position in the home . They can purchase `` installation '' coverage in their insurance package that will protect them for the value of their work installed and it is not expensive coverage so they should have this already . Do not agree to assume responsibility for their liability either . If it is their construction site , it is their responsibility to maintain as best as possible to minimize the potential liability exposures . That said , you should make sure to purchase and maintain personal liability for the property too for any potential risk of loss that would be excluded by the building in the site management . Alternately , some carriers will amend current policies to add the new address for liability and then you would n't need to have this coverage added to your builders risk coverage . By the way , the dwelling policy form permits -LRB- in many instances -RRB- the addition of endorsements that provide coverage for the value of material delivery to the site that you might have purchased . These building materials are subject to theft and it is a good idea to know if the builder or you are responsible for materials delivered to the site . Also , a dwelling policy should be created to the new total value of the improvements and original structure on either a replacement cost or actual cash value basis . I suggest replacement cost . Insurance to value is important even on this type of policy . Carriers using the dwelling form of coverage will pro-rate valuation to an average state of completion for premium calculation , but valuation at the time of loss is also tricky so keep good records so you can rebuild the entire structure after a major loss . Cleaning up the concepts here also makes it necessary to make sure that the contractor has general liability and workers compensation insurance . If they have vehicles that operate on the property you should also insist that they provide evidence of vehicle insurance . In every instance above , you should be listed as an `` additional insured '' and `` certificate holder '' during the performance of the construction tasks . If possible , ask them to waive subrogation . Get evidence in writing . A commonly used form is the `` Acord 25 '' Certification of Liability Insurance form and this is commonly provided ask for and get written evidence of coverage as noted above .


Input: Do I Need Builders Risk Insurance To Purchase A Home Where We will Do Major Renovations Before Moving In?

Output: Good Question . Yes you should purchase a builders risk policy while the home is under construction . The homeowners insurance policy has a 60 vacancy clause and is designed for an owner occupied primary residence . The homeowners insurance policy is not designed to cover the risks associated with a home during the course of construction . Some builders risk policies will `` carve '' out liability coverage . Be sure to purchase a policy that includes liability and also request a certificate of insurance naming you as an `` additional insured '' from the contractor -LRB- s -RRB- .


Input: Do I Need Builders Risk Insurance To Purchase A Home Where We will Do Major Renovations Before Moving In?

Output: That is entirely possible . It is a good idea to talk with your Insurance Professional about your specific situation and plans for the house in order to determine the best possible means of protection available tio you . If the work needed is extensive , requiring structural renovations or major upgrades in electrical , HVAC or plumbing systems for example , it is likely that it would be hard to find an insurance company that would offer a standard Homeowners ' policy in that situation . A builders risk policy , covering you for the duration of the work , would in that case be the way to go .


Input: Does Homeowners Insurance Cover A Burst Pipe?

Output: If the burst pipe was caused by a maintenance issuethere is a good possibility that a claim would not be covered by your homeonwers policy and even if the claim is covered you may still be subject to the policy 's deductible . When you own a home maintenance of that home is something that can be quite challenging but needs to be done in order to prevent non-covered incidents from occuring .


Input: Does Homeowners Insurance Cover A Burst Pipe?

Output: Great Question . Homeowners typically covers a pipe that burst from normal wear and usage . You have to read your homeowners policy for coverage and exclusion . Also you should call your insurance agent and ask if that is something that is covered under your particular policy . Most offer but some companies exclude it .


Input: Does Homeowners Insurance Cover A Burst Pipe?

Output: As both Robert and David mention , you 'll need to consult your specific policy to determine what 's covered and what 's excluded . Generally speaking , normal wear and tear and routine maintenance are not covered . However , many homeowner policies will cover the water damage from a sudden rupture or burst pipe , subject to your deductible , although they exclude the plumber repairs to fix the pipe .


Input: Why Do I Need Health Insurance?

Output: Because no one will remain healthy there entire life . The purpose of health insurance is to help pay for the expensive costs of health care . Even a relatively minor condition , if not treated properly , can become extremely expensive . Without insurance , you would be responsible for the entirety of the bill which could be thousands of dollars .


Input: Why Do I Need Health Insurance?

Output: The purpose of health insurance is to protect yourself financially in the event of a catastrophic event by shifting the risk to a third party -LRB- the insurance company -RRB- . This way you 're only paying a small amount of money and not stuck with a bill for 10s of thousands of dollars , if not 100s of thousands of dollars . Would you rather pay a small amount of the bill or take on the risk of paying the entire thing yourself ? For example , if you have a health insurance plan and broke your leg and needed to have a $ 100,000 surgical operation , you may only be responsible for a few thousand dollars of it -LRB- e.g. your deductible or coinsurance -RRB- , as opposed to being responsible for paying the entire bill yourself . How many people could afford to write a check for that amount without liquidating all of their assets ? Many health plans will provide additional benefits as well , such as coverage for preventive care , routine doctor visits , prescription drugs , etc. . I always recommend people consult with an experienced broker - we have an in-depth knowledge of a wide range of products available in the marketplace and can help you find the health plan that 's going to be most suitable to your needs and your budget . Please let me know if I can be of assistance . Thanks very much .


Input: When Do Fixed Period Annuities Terminate?

Output: A fixed period annuity pays a monthly amount for a specified period of time . At the end of that time , the payments cease . This form is often used to fund a need covering a short period of time , such as the period before another stream of income starts . Lifetime annuities are also available which will pay for the remaining months of a persons life . Some lifetime annuities have a feature that allows that payments will be made to another party , should the annuitant die before the end of the period .


Input: When Do Fixed Period Annuities Terminate?

Output: Fixed period annuities end when you want them to end . You can choose a set number of years , which usually has a minimum of three years . The other option usually offered with fixed period annuities is a payment period ending at age 75 . At the end of the period there will be a payout which can be reinvested in an annuity or a drawdown plan .


Input: Is Life Insurance Included In A Will?

Output: In Canada , life insurance is included in a will when the beneficiary is the estate . If the beneficiary is an individual then the death benefit passes directly to the individual bypassing the will and probate . It is possible to name a beneficiary of a life insurance policy using your will , but it is not recommended . 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: Is Life Insurance Included In A Will?

Output: In the United States your life insurance is separate from your will . However , if there are stipulations to the proceeds to your beneficiary then a will is the correct document to direct those wishes.A willis especially useful when naming a minor child primary beneficiary as to the guardian or trust to disperse proceeds . Seek legal advise if you are considering putting the life insurance proceeds in the will . If it is documented improperly you may trigger income tax on the proceeds which otherwise would be tax free .


Input: Is Life Insurance Included In A Will?

Output: A will is subject to a legal procedure called probate . A life insurance policy can pass outside the probate procedure and isnt subject to the will . If the life insurance policy hasnt specified a beneficiary who is capable of accepting the proceeds , the contingent beneficiary would receive the funds . If that is not possible the proceeds could revert to the estate in which case they would be subject to probate .


Input: Is Life Insurance Included In A Will?

Output: Your life insurance is not included in your will . The monies are paid out as designated by the policy -LRB- the primary beneficiary -LRB- ies -RRB- are paid first - if the primary beneficiary predeceases the insured , the contingent beneficiary -LRB- ies -RRB- would be paid the proceeds -RRB- . If the monies are paid to the insured 's estate -LRB- the estate is the beneficiary to the policy or all named beneficiaries predeceased the insured -RRB- then the will would control how the monies are distributed because it controls who receives what from the estate . If the insured dies intestate -LRB- did not have a will -RRB- then the monies and the rest of the estate will go through the probate process . A life insurance trust can often be more useful for avariety of reasons including controlling exactly how you want the proceeds distributed and when they are distributed to the recipients , and estate tax purposes .


Input: Who Governs Life Insurance Companies?

Output: That is a great question ! There are several Government bodies that regulate some or all of an insurance companies dealings . The SEC watches over securities and variable annuity transactions , FINRA is a watchdog , and the States all have Departments of Insurance that monitor our activity . The States ' insurance commissioners arealso part of a national group . There are a lot of eyes on our insurance money , and where it goes . Thanks for asking !


Input: Who Governs Life Insurance Companies?

Output: Life insurance companies are governed by the state in which the policy is sold . The regulatory body for life insurance companies and agents is usually called the state Department of Insurance , although it can have other titles . Each Department of Insurance has a commissioner who is a member of the National Association of Insurance Commissioners , a group which provides some uniformity to state regulations .


Input: Who Governs Life Insurance Companies?

Output: Insurance companies are domiciled in a state . The particular state insurance commissioner supervises the activities of the companies domiciled in it . A company operates in one to fifty states . In order to operate in a state the insurance company must make application to be admitted . The state insurance commissioner for that state supervises the operations of the company in that state . These are the governmental regulators . Each company is organized and generally has a board of directors that govern the operations of the company .


Input: How To Get A Renters Insurance Policy?

Output: Great question ! Almost all of the major insurance companies will offer some form of a renters insurance policy . I 'd advise you to shop around , and look for the one that is best for you . There are many different things that can influence the cost of the policy , from your age and number of people to be covered , to the zip code and age of the apartment complex , so it is wise to compare . One thing I 'd recommend - ask for replacement value , vs. actual cost . It will probably make the policy a bit more expensive , but it can mean the difference between getting things replaced brand new to you having to pay a part for the same or lesser item.If you need any more help , please feel free to contact me . Thanks for asking !


Input: Can Medicare Cover Breast Reduction?

Output: Medicare will cover a breast reduction , but you 'll need to meet the guidelines . Unlike private insurance where you get pre-authorized , you 'll need to meet these specific guidelines : Individual weight of the breasts Amount to be removed A big problem you 'll run into is that breast reductions are performed by plastic surgeons and many do not accept medicare coverage . Begin this conversation with your surgeon from day 1 to assure you 're using the correct physician .


Input: Does Renters Insurance Cover Spoiled Food From A Power Outage?

Output: There is exclusion in most homeowners policy for power interruption that is caused outside the residence . The damages sustained in such a power interruption would normally not be covered . If the power outage was due to something that happened inside the residence the spoilage would probably be covered .


Input: What's The Cheapest Car Insurance?

Output: The lowest price auto insurance coverage that I am aware of that you can purchase would be liability only coverage . This typically includes bodily injury , physical damage , and property damage . Some states may also require that you purchase a minimum amount of uninsured and under-insured motorist besides the liability coverages mentioned previously .


Input: What's The Cheapest Car Insurance?

Output: There are too many factors to answer this question . Your age , where you live , your driving record , your credit score , kind of car you drive , how you drive your car ... too many factors . Find a good independent insurance broker who can shop it for you . They are n't beholden to any 1 company like captive agents are .


Input: Does Life Insurance Cover Breast Cancer?

Output: Life insurance pays a death benefit when an insured person dies . There isnt any exclusion in modern policies against cancer . It is precisely the sort of thing that the insurance is designed to cover . It is random and can be fatal . The life insurance does not pay for medical treatment for cancer . The cash value of a permanent policy can be borrowed to assist with medical expenses .


Input: Does Life Insurance Cover Breast Cancer?

Output: If you have purchased the life insurance prior to being diagnosed with breast cancer , yes you are covered . If you have had breast cancer and looking to purchase life insurance there are some things you need to know . The type , amount and terms depends on the cancer itselfand how long you have been cancer free after your last treatment . To get into the standard ratings after breast cancer practically all carriers will want to see you cancer free for 10 years . Anything less than10 yearswill be a higher risk policy of either rated premiums or graduated benefits . Good luck .


Input: Does Life Insurance Cover Breast Cancer?

Output: There is usually some type of life insurance policy you can get after being diagnosed with breast cancer . If you get a policy that covers you , either after disclosing that you have breast cancer , or because they did not ask -LRB- i.e. guaranteed issue life insurance -RRB- , yes , it will cover death from breast cancer or any other illness or accident . If you got a life insurance policy before having any idea that you were going to be diagnosed with breast cancer , the policy also will cover death due to breast cancer . We hope that the breast cancer never results in death . But if it did , you would be covered .


Input: Does Life Insurance Cover Breast Cancer?

Output: That is a great question ! If what you are asking is if your passing from breast cancer will keep your life insurance from paying out , it wo n't . That said , it will not help pay any of your current bills , unless you are borrowing out of it , or are exercising the accelerated benefits clause because you 've been told that you are terminal . If your life insurance is an accidental death and dismemberment -LRB- AD&D -RRB- policy , then you are in trouble , they do not pay for illness , or sickness , unless they were a direct result of an accident . If you need to talk to someone about this , please contact me . I 'll make the time for you . Good luck , and thanks for asking !


Input: Does Life Insurance Cover Breast Cancer?

Output: To clarify , Life Insurance is not Medical Insurance , and will not cover most treatments . But , there is a very important exception . If you obtained life insurance before coming down with a major illness , it will cover you with a death benefit , but MORE IMPORTANTLY FOR MOST PEOPLE , if there is a new , or experimental medical treatment which may save your life when you are diagnosed with a deadly illness , and have less than a year to live , and your medical insurance will not cover the treatment , or you do not have the money to cover that treatment , YES , life insurance with some of the best companies will actually cover that treatment for you . It will reduce your death benefit , but which would you rather have , a large death benefit , or your life ? Great question . Thank you . GARY LANE .


Input: Will Insurance Write Off My Car?

Output: I am not sure what you mean by write off your car . However if your vehicle is totaled and your insurance provider offers you a settlement you can take the money in exchange for the vehicle . Or you can buy the vehicle back and make the repairs yourself . Your vehicle going forward will be registered with the DMV as a salvage title vehicle .


Input: Will Insurance Write Off My Car?

Output: If you have physical damage coverage on your insurance policy and the car is damaged in an accident , the company might declare the car a total loss . When the company does that they will offer to pay you the market value of the car minus the deductible . This is an offer which you can refuse and accept a lesser amount for repairs . If you are able to repair the car and continue the car in service that is an option you can take . You should be given a choice .


Input: What Is Life Insurance Waiver Of Premium?

Output: Waiver of premium is an additional rider that can cover the cost of insurance or the cost of the stated premium at issue in the case of disability . After filing a disability claim , the rider generally pays after a six month waiting period anddoes n't generallypay beyond age 65 .


Input: What Is Life Insurance Waiver Of Premium?

Output: what is waiver of premium ? The waiver of premium is a rider you can add to your policy at a nominal cost that provides premium protection in the case of disability . How it works is the insured becomes disabled and after six months of disability the waiver kicks in and begins to pay your premium and your policy continues on as if nothing happened .


Input: What Is Life Insurance Waiver Of Premium?

Output: A life insurance waiver of premium is a rider that `` waives the premium '' of your life insurance policy if you are disabled -LRB- after the 6 month waiting period -RRB- . This rider is not a disability income rider ; it will not pay you cash if you were to become disabled , as disability insurance does .


Input: Does DUI Affect Homeowners Insurance?

Output: A DUI will not directly affect the rate on your homeowners insurance . It can affect your rate by proxy though . DUI are typically very costly . If your credit score should take a big hit due to the financial consequences of the DUI your rate could conceivably change . To say that your homeowners rate absolutely would not be affected by the consequences of a DUI would possibly not be true .


Input: Does Farmers Home Insurance Cover Mold?

Output: It more than likely is an exclusion listed inside your homeowner policy but it pays to ask . Mold usually happens over time , thus can be prevented in most cases . Insurance is for sudden and accidental things happening to you , like a storm , wind or tree falling and damaging your home . Mold is neither sudden or accidental , it grows over time .


Input: How Long Should I Keep Life Insurance Statements?

Output: The main thing to do with Life Insurance is to keep the actual policy and let someone know where you have kept it . As long as you have paid it in a timely manner , the insurance company will be able to pay the death benefit even if all you have is the policy number . It is also helpful to keep the last statement , so that if there is ever a contention , you can show that you paid it . Beyond that , some say to keep statements for 5 years , some say to shred them as soon as they are paid . There is no one right answer .


Input: Is Long Term Disability Insurance Needed?

Output: Long Term Disability Insurance is needed for anyone whose income is essential to maintaining their home , business , or standard of living . Workers may have enough savings to carry them through a few months to years of being disabled , but there are usually also medical expenses involved that can rapidly deplete savings and investments . The chances of a woman being disabled at some point before retirement age are 1 on 3 , and the chances of a man being disabled at some point before retirement are 1 in 4 . So Long Term Disability Insurance is a valid need and more common than most people realize .


Input: Is Long Term Disability Insurance Needed?

Output: Long Term Disability Insurance is needed by most people because most people need their paychecks to maintain a desirable standard of living . Being laid off for over 3 months due to illness or injury can happen to anyone . Long Term Disability Insurance pays you a portion of your paycheck to get you through extended periods of disability .


Input: How Do Income Annuities Work?

Output: Tax deferred annuities can be annuitized for life time income you ca n't outlive . Single premium immediate annuities can generate life time benefits for the annuitant of the policy as well . But you can structure these to pay outs for time certain periods to integrate your income needs with your qualified retirement plan and Social Security payments .


Input: How Do Income Annuities Work?

Output: Income annuities are usually purchased with a lump sum of money around retirement age . They are annuitized immediately , which means that the retired annuity holders start receiving monthly payments to supplement whatever other income they started receiving at retirement -LRB- Social Security , pensions , etc -RRB- . The payments from an annuity can be fixed or they can be variable , depending on the type of annuity purchased .


Input: Does My Homeowners Insurance Cover Jewelry?

Output: Usually , but in a fairly limited way . If there is coverage , it will be for the named perils listed in the policy AND subject to your Homeowners ' Deductible . The coverage may also be limited to a specific dollar amount per piece . If you do have jewelry or other higher value items that you are concerned about , it is best to talk to you insurance professional about `` scheduling '' those items for coverage either on a homeowners ' `` rider '' or as a separate policy all together . There are a couple of advantages to this . First , the item will be covered to it 's appraised value as opposed to some significantly smaller amount . Second , when scheduled these items are usually then NOT subject to the homeowners ' deductible . Finally , in addition to the perils listed in the Homeowners policy , scheduled items are also covered for `` mysterious dissappearance '' which is much broader coverage . This means that there would be coverage even if the item was simply lost . If your diamond falls out of your engagement ring and the ring is scheduled , there would be coverage to replace the stone . There would be no such coverage under a standard Homeowners ' policy .


Input: Does My Homeowners Insurance Cover Jewelry?

Output: Homeowners insurance will typically cover jewerly in your home if the loss is due to a loss covered by the policy . Be aware that every policy has its own limits for different types of personal property . There will normally be a limit per item and a total limit within the policy for items like jewelry . If the items that you wish to cover exceed the valuation allowed by your policy you can normally extend coverage by scheduling -LRB- or listing the items -RRB- separately and paying an extra premium . Please read your policy completely to understand what coverage is provided and what exclusions there may be .


Input: Does An Auto Insurance Quote Affect Credit History?

Output: Not at all . The insurance compnies use a soft pull credit score which does not show up on your credit report . You can obtain as many quotes as you wish and it will not change your score at all , and will show up as a pull . Only a hard pull from a credit card , auto loan , or mortgage would show up . So just start shopping away , your score will not change at all .


Input: What Are The Core Benefits In The Medigap Insurance Program?

Output: Medigap plans -LRB- commonly referred to as Medicare supplement plans -RRB- are designed to help seniors who want high quality healthcare and are on Medicare , cover the gap between what hospitals and doctors charge for their services and what Medicare will pay . Health insurance is constantly changing , which can make finding the right plan for you very strenuous . Supplementing your Original Medicare coverage -LRB- Medicare Parts A & B -RRB- with a Medicare Supplement plan will help you create a very predictable expense structure for your healthcare and allow you to see any doctor you want that accepts Medicare . Any doctor that accepts Medicare will also accept your Medicare Supplement plan . There are 10 different Medicare supplement plans and they are all standardized , meaning a plan F from company A and a plan F from company B feature the EXACT the same benefits . The 10 different plans available are plans A , B , C , D , F , G , K , L , M , and N -LRB- a high-deductible plan F is also available that features a $ 2,140 deductible in 2014 -RRB- . Each plan offers certain benefits some more comprehensive than others . Each plan must cover a core set of benefits -LRB- also known as the basic benefits -RRB- . The basic benefits are : 1 -RRB- Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up . 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment There 's a total of 9 benefits that can be secured . The other 5 benefits are : 1 -RRB- Skilled Nursing Facility Care coinsurance 2 -RRB- Medicare Part A deductible 3 -RRB- Medicare Part B deductible 4 -RRB- Medicare Part B excess charges 5 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Each plan features a different structure , Plan F is the most popular plan because it 's the most comprehensive Medigap plan available as it covers all 9 benefits at 100 % . Consult with an experienced broker to review the plans in detail to see which one will best serve your needs . We have an in-depth knowledge of Medigap plans and can provide quotes from multiple carriers . Please let me know if I can be of further assistance . Thanks very much .


Input: Why Does Health Insurance Cost So Much In California?

Output: Why does health insurance cost so much in CA ? Well , the most common reason for premium cost is the cost of care in the area the insurance is sold . When a policy is priced , the insurance company factors in the cost of receiving care in that area . I would imagine health care services in CA cost more than say Montana .


Input: Why Does Health Insurance Cost So Much In California?

Output: Health Insurance , like all forms of insurance , is based on a number of calculations that associated the benefit received with risk taken by the insurer . When you look at a state like California there are many variable factors that go into pricing an insurance product ; age of the insured , current health status , smoker or non smoker , current profession , current address , who will be covered under the policy , etc. . California has one of the highest cost of living indexes around so as that is factored into pricing an insurance product , it affects the bottom line . To help ease the cost of health insurance here you can look at things like -LRB- 1 -RRB- raising your deductible -LRB- 2 -RRB- lowering the amount of co payment you want insurance to cover and -LRB- 3 -RRB- reducing the amount of benefits associated with your policy .


Input: Is Simple IRA A Qualified Retirement Plan?

Output: Yes , a Simple IRA is a qualified retirement plan that allows tax deductible for pretax contributions and accumulates tax deferred until distributions . When distributions are generated the income is taxed as ordinary income at the plan participant 's effective tax bracket rate and is includable in the provisional income test for Social Security benefit taxation .


Input: What Happens When You File A Home Insurance Claim?

Output: There are many companies out there and each one of them can treat a claim differently if you are asking will my rate go up . There are different types of claims that can trigger an automatic rate increase on renewal with most companies such as a water Claim -LRB- non flood -RRB- , a theft or a fire . Many companies do not increase premium if the claim is below a certain amount or threshold but you must check with your agent and carrier to be sure . Weather claims in many cases do not trigger increase in premiums but you must check with your agent and company . If you have a weather event and you are not sure if you have damage many roof and siding companies will come out and give you a free bid before you decide to call in the claim . Call your agent and discuss with them thescenarioand get advice so you can make a sound decision . Most companies do not have a problem with a homeowner with 1 claim in 3 years , but if you have more than that you could be considered a habitual claimant -LRB- even though the claims may not have been in your control -RRB- . Find an agent or agency that you can trust and do not be afraid to ask questions that come to mind . Do not find out if you have coverage for a claim after the fact and make sure your questions are answered . Keep in mind that the insurance you are purchasing is to help protect you from a financial loss so ask questions , try to get the best package and coverage that fits your family needs and then look at price .


Input: What Does PPO Mean On Health Insurance?

Output: Most health insurance plans have provider networks that include doctors , labs , clinics , hospitals , pharmacy 's , etc. . When you use the services of a par provider -LRB- one that is in the network -RRB- your costs are lower than they would be if you used a non-par provider . PPO -LRB- Preferred Provider Network -RRB- is a common type of provider network .


Input: What Does PPO Mean On Health Insurance?

Output: PPO refers to apreferredprovider organization , which is simply a network of physicians , hospitals , treatment centers and other providers and facilities that have pre negotiated rates for servicesrendered . As the back bone of all Major Medical Health Insurance in our country a quality plan should also have a quality PPO Network attached to it .


Input: What Kind Of Retirement Plan Do I Have?

Output: what kind of retirement plan do I have ? I would say the first place to answer that question would be with your employers 's human resources department . If you are self employed or your employer does n't offer a retirement plan , then the question bacomes more of what do you want for a retirement plan ?


Input: Can Get Health Insurance If Have Preexisting Condition?

Output: Yes . Under the requirements of the Affordable Care Act -LRB- ObamaCare -RRB- individual and group major medical policies that are ObamaCare compliant can not have pre-existing condition exclusions , limitations on benefits , or waiting periods for the pre-existing condition to be covered . If someone is offering you a policy that does not comply with these requirements it may be a Short Term Medical policy or an indemnity/discount type plan . While these are legitimate insurance policies -LRB- as long as you are informed in advance of what they do and do not do -RRB- , as a rule they exclude pre-existing conditions and they do not meet the legal requirements under ObamaCare for avoiding the individual mandate tax penalty .


Input: Does Medicare Pay For LVAD?

Output: In some situations Medicare may offer coverage for an LVAD -LRB- left ventricular assist device -RRB- . If you are approved and listed for a heart transplant under Medicare you may have coverage . The surgery must be performed in a Medicare approved facility . Check with your doctor and Medicare to determine the extent of your coverage .


Input: Should A College Student Get Renters Insurance?

Output: Short answer , yes , depending on where you are living , if you are in the dorms , usually dormatries offer some type of Insurance , but if you are renting a room or house thn you most definitly want to cover your personal property just in case . Depending where you go your parents home owners insurance can cover your belongings but be sure to call your agent to make sure , it is never a bad idea to be covered just in case .


Input: Should A College Student Get Renters Insurance?

Output: That depends upon two things really . First , the type of housing you are in and second the terms and conditoins of your parents ' Homeowners Insurance policy . Let 's talk about the second one first . If your Insurance Professional advises you that your parents ' Homeowners ' policy provides extended coverage that is adiquate to cover your personal belongings in an on campus dorm , then in that case , it is not critical that you obtain a separate renters insurance policy . If the Homeowners policy does not provide this extension or , more commonly , if you are housed in off campus rental unit or house , then obtaining a renters insurance policy would not only be smart , it may also be required by the buildng owner or management company from whom you are renting .


Input: Should A College Student Get Renters Insurance?

Output: No , you do n't . You just need make sure -LRB- if requested -RRB- your Landlord is added as an ` Additional Third Party ' . Your parents ' agent should be able to provide you with a Certificate of Insurance that will satisfy the Landlord in any capacity for the liability coverage they are seeking . You are living there as a temporary student , so your parents ' coverage is extended to you temporary residence .


Input: Can You Lose Medicare Benefits?

Output: This is a great question . The only time I have seen someone 's Medicare terminate is when they stopped paying the bill . Normally part A is at no cost and there is a cost for part B. For most , part B is taken directly from the social security check , but sometimes there is no social security check and Medicare sends a bill . So the short answer is Yes .


Input: Where Do I Get Homeowners Insurance?

Output: Homeowners insurance is available from a variety of sources . I recommend that you get the services of a trusted insurance agent . If you dont already have an agent , get recommendations from neighbors , friends and colleagues . A good agent will listen to you , provide solid financial advice and communicate clearly with you and the insurance company . Setting appropriate limits is critical and the agent should be of great assistance in this .


Input: What Medicare Category Covers Prescription Drugs?

Output: Medicare Part D is the Medicare coverage designed specifically to cover the prescription drug needs of Medicare enrollees . There are a wide variety of Medicare Part D policies available from different insurance carriers and their costs , benefit structures , participating pharmacies and prescription formularies -LRB- the list of approved prescription drugs that they cover -RRB- do vary so you will want to shop around . Medicare Advantage plans , which are Medicare managed care plans , generally combine prescription drug coverage with their total package of benefits and so enrolling in a Medicare Advantage plan and taking out Medicare Part D coverage are mutually exclusive propositions .


Input: How Much Is Medigap Insurance?

Output: Medigap insurance premiums can widely vary from one insurer to another . During Open Enrollment periods , any existing medical conditions you have will not impact the premium . There are also many different Medigap pans -LRB- A , B , C , D , F , G , K , L , M and N -RRB- , Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up are included on all plans . But there are differences in benefits with other coverage . To view specific Medigap plans and rates in your area , simply contact an experienced broker and/or a reputable and reliable website . Details can be fully explained .


Input: How Much Is Medigap Insurance?

Output: MediGap - or Medicare Supplement - insurance varies by plan and by zip code . There are several plans to choose from : A , B , C , D , F , G K , L , M , N - and yes , these letters stand for something different than Medicare A & B , or Part C or D. Which creates some confusion . But Medicare Part A & B basically only pay 80 % of anything - so the options to help cover all or most of the 20 % is either a Medicare Advantage plan or a Medicare Supplement plan - also known as a MediGap plan , and also labeled with letters . The supplement plans most often sold are Plans F , G and N . An example : Say plan F is $ 150.00 a month - with no copays and virtually no out of pocket limit costs past on to the insured . A plan G may cost $ 100.00 a month , with $ 20.00 copays and still virtually no out of pocket limit costs past on to the insured . Plan G can be a great option to save monthly and have small $ 20.00 copays when you do need to see a physician . It is best to speak with an independent agent who sells both Medicare Advantage and Medicare Supplements , so that your education is complete , fair and unbiased . Hope this clarifies ! Belinda www.myseniorventure.com/answers


Input: How Much Is Medigap Insurance?

Output: Medigap Insurance -LRB- Medicare Supplement Insurance -RRB- will vary based on which plan , smoking status , age & your location . However , the cost of Medigap Insurance is small when you consider the protection it will give you . If someone just has Medicare Part A & B they will be paying about 20 % of there healthcare expenses with no cap . In contrast , a good Medigap Insurance Plan will cover the co-insurance , deductibles & co-pays so you wo n't have any surprises . You can run a quote for yourself & compare plans instantly online by visiting our website , SummitMedigap.com . You can also give us a call at 1-888-407-8664 .


Input: How Much Is Medigap Insurance?

Output: Age is actually the biggest factor in determining the cost of Medigap/Medicare Supplement insurance . For example , someone purchasing a policy at age 65 will have a lower premium than someone purchasing a policy at age 70 . The plan type -LRB- level of coverage -RRB- and region are also big factors as prices vary from one region to the next . I would agree that working with an independent agent would be ideal as the agent can can thoroughly educate you on all of your available options , help determine which option best meets your needs and then shop to find that option at the lowest rate . ~ Rito Capetillo WEBSITELINK


Input: Does Health Insurance Cover Injuries From Car Accident?

Output: Yes , unless the car accident was caused by some action on your part that is specifically excluded in your health plan . Since each contract is specific , you should look at your actual health plan for the list of exclusions . But as a general rule , an auto accident would be covered .


Input: What Is Replacement Cost For Home Insurance?

Output: Replacement cost coverage means that your property if damaged by a covered peril will be replaced with like items regardless of their age or depreciation . In practice if you have a loss of personal property the company will estimate the actual cash value of the damaged property and send you a check for that amount . As you actually replace the item with another of like quality you will file for an adjustment to meet the replacement cost . This is why photographic records are so helpful . In the case of the structure the company is generally quite involved with reconstruction and makes progress payments to the contractors involved .