Input: Where Can I Buy Short Term Disability Insurance?

Output: You can buy short term disability through your employer , or purchase a policy directly as an individual . In general policies purchased at work provider better benefits , at lower premium costs , and are easier to qualify for medically . Insurers have the opportunity to pool risks with your co-workers . Not every employer offers employees an option . You should ask your employer to make a voluntary option available for all employees , or purchase an individual policy directly .


Input: Where Can I Buy Short Term Disability Insurance?

Output: There are several companies that sell short term disability . If your employer does not offer a short term plan you do have options . Many of the health insurance carriers as well as life insurance carriers offer both short term and long term disability plan . You can search the internet for them or I recommend using an experienced independent disability broker to professional shop the market to find you the best product at the best rate for your unique situation .


Input: Where Can I Buy Short Term Disability Insurance?

Output: I consulted the Disability Insurance brokerage that we use , to get the answer to this question . The managing partner told me that she knows of only two companies that sell private short term disability at this time . They are Mutual of Omaha and Assurity Life . Most people get short term disability insurance through an employer .


Input: Who Created Whole Life Insurance?

Output: The life insurance policy was sold be Amicable Society for a Perpetual Assurance Office . Term life insurance preceded whole life as we know it in various forms of annual renewal term . Permanent whole life , not necessarily participating whole life began appearing with some of the first American mutual companies like the venerable New England Life in 1835 .


Input: Who Created Whole Life Insurance?

Output: The Equitable Life Assurance Society , the world 's oldest mutual insurer began issuing policies in the mid 1700 's . I do n't know that there was one person in particular . I would say for anything resembling current methods -LRB- ie use of mortality table , etc -RRB- it could probably be contributed to Blaise Pascal as right around that time he was bringing actuarial mathematics into the forefront . Much of that type of work would have been necessary to determine probabilities and other info needed to underwrite and insure based on actuarial data .


Input: Is Renters Insurance Required?

Output: To the best of my knowledge renters insurance is not required by any state or by the federal government . Whether or not renters insurance is mandatory for a specific premise is solely up to the landlord or property owner . It is ultimately there call as to have renters insurance as a requirement of the rental agreement that you sign . Renters insurance is typically very inexpensive so call a local agent to get pricing and secure coverage .


Input: How Much Will It Cost For Home Insurance?

Output: The price for a homeowners policy depends on certain variables . The location and the cost to rebuild the house are the primary factors in determining the premium . The amount of liability coverage desired , and special coverages tailored for your situation are also factors . Personal loss history and whether you have other lines of insurance with the company are additional factors often considered . Your trusted insurance agent can prepare a customized quote for you fairly quickly . The agent will listen to you , offer sound financial advice , and communicate clearly with you and with the insurance company .


Input: How Long Does Renters Insurance Claim Take?

Output: How long a claim takes really depends in most cases how soon or fast the insurance company can get all the information . The sooner all reports , statements and documents are turned in the faster a claim can be handled . Claims adjusters have no desire to keep a claim on their desk and wish to get people whole again as soon as possible .


Input: What Risks Will I Face In Retirement?

Output: Retirement should be about reducing stress . In order to do this we need to evaluate those things that could happen and develop strategies for dealing with them . At a minimum this will mean maintaining proper insurance coverage on your auto and home . It well might mean purchasing life insurance for the specific purpose of creating a legacy for those you love . If you do that you can spend your assets without any thought of conserving them for your heirs . The most pressing risk according to surveys is the risk of living too long . None of us wants to run out of money . The possibility of living a long time in retirement is quite high . Imbedded in this risk is the likelihood of a needing medical care and custodial care . Another risk is the result of the economy . It could go through major shifts and investments might have a period of decline that could jeopardize your retirement . At that point it is unlikely that you would be able to do anything about it as our ability to work diminishes with every passing year . Another risk that we face is that we could lose our spouse . This is inevitable but it could come sooner rather than later and that could have a profound impact on available money and support . Widows are often faced with very tough economic realities . Long term care requirements are the number one reason why a wealthier person would run out of assets in retirement . There are several strategies to address this risk including long term care insurance . There are several things a person can do to increase their income in retirement . One of the most significant things is to carefully select the date when social security and pension benefits start . The social security benefits increase the longer a worker waits up to the age of 70 . This increases the benefit to a widow as well , should the worker die first . People often own a home . The value of a home minus the mortgage is known as home equity . This home equity can be used to derive income . A reverse mortgage can be put in place that will allow a person to remain in their home and yet withdraw loans against the home for income in retirement . The need for tax planning certainly doesnt end at retirement . There are tax-saving decisions available that will expand income . Your assets are not all taxed in the same way and by converting assets to income in a tax wise manner can save a great deal and expand spendable income in retirement . In all strategies there are trade-offs . If you take a reverse mortgage on the home the amount you can leave your children declines . There will be years in which medical expenses will greatly reduce your taxable income . A Roth IRA provides income that isnt subject to tax which could be a benefit to keep your income in a lower income tax rate bracket . One of the things that I think is most important in developing strategies for retirement is to establish decision points . These are dates or times when you and your spouse or perhaps including your children decide on where you will live , who will provide care if necessary , what assets can be gifted and other important decisions . I am getting ready for one of those conferences even as I write this . It is important to make decisions before there is a crisis . A widow told me a few days ago that moving out of her home into a down-sized facility was one of the most difficult tasks she had ever performed . The emotional and physical toll was enormous . She had planned to make the move several years in the future and she is convinced that she would hot have been able to make the decision , let along , and make the move at that later date . Decide now when you will downsize . Decide now who will assist you or when you will begin to get outside help . There are so many decisions and it is always best to make them before it is absolutely necessary . These decisions can have a profound effect on insuring the financial success of your retirement .


Input: Can Creditors Go After Life Insurance Payout?

Output: Creditors can not go after the life insurance payout to pay the debts of the deceased insured person , as long as the beneficiary or beneficiaries who are receiving the life insurance proceeds are actual people . Life insurance bypasses probate , so the creditor does not have the opportunity to access the life insurance payout . If the beneficiary is the insured person 's estate , the creditors may be able to go after the life insurance death benefit to pay the debts of the insured . If the beneficiary is the one who has the debts , then the creditors can go after the life insurance payout . This is also true if the beneficiary shared a debt with the deceased .


Input: Can You Change Homeowners Insurance At Anytime?

Output: You can change Homeowners policy at anytime . Even if the home is Escrowed . What typically happens is if you cancel a policy mid term you will get a refund that will usually be sent to you . What you need to do with that refund is place it back into your escrow account so your escrow can pay for the new policy .


Input: Does Health Insurance Cover Electrolysis?

Output: Electrolysis is the permanent removal of hair from the face or body . The process involves destruction of the hair growth center by heat or chemical treatment . In most cases , the desire to remove facial or body hair is a cosmetic issue and not considered a medically necessary treatment . Health insurance generally does not cover cosmetic treatment .


Input: Does Long-Term Care Mix With Life Insurance?

Output: The cost of long term care exceeds the expectation of most people . Long term care can easily erode a substantial amount of money . Because traditional life insurance doesnt address the cost of long term care , these policies are important . The cost for long term care is increasing every year . Companies that once offered Long Term Care have withdrawn from the market . In response some life insurance companies are offering limited living benefits which would act like Long Term Care insurance by paying out part of the death benefit before death occurs .


Input: Does Long-Term Care Mix With Life Insurance?

Output: There are some life insurance policies that offer Long Term care benefits in the policy . However , they do not offer the same benefits as a stand alone Long Term Care policy . A good long term care policy will have 3 different benefits that include nursing home , assisted living and home healthcare . You will be able to use any of the 3 as the need arises . You can also decide the length of the benefit and the amount of the monthly benefit that you would receive . You should consider an inflation protection rider so the monthly benefits will grow over time . You may not need the benefits for 20 years or more and the cost of care keeps rising . In addition , someone in their 50 's will pay much less for the policy than if they wait until their 60 's . The earlier you get the policy the more you will save .


Input: Does Long-Term Care Mix With Life Insurance?

Output: Yes , getting Long Term Care Insurance along with Life Insurance is very common . Some Life Insurance Plans even offer `` living benefits '' that allow you to take part of the face amount in cash to use for long term care purposes . To take advantage of that feature , you would need to be unable to do two or more ADL 's , plus whatever criteria is stated in the policy . The death benefit would then be reduced by that amount , or a factor of that amount .


Input: Does Long-Term Care Mix With Life Insurance?

Output: That is a really great question ! I am glad that you asked , as a recent study showed nearly 70 % of seniors would at some point require assisted care , and are not prepared for the cost . A good retirement strategy has a life insurance policy to provide an income and cover funeral expenses , and a long term care policy to protect against the costs of that care . Many insurance policies allow the withdrawal of the death benefit funds , and unfortunately many people are forced to do that . When they do , there are always fees , interest , and tax consequences that sharply reduce the amount received , and often leave the spouse without the funds needed to pay for funeral expenses . Please consult an agent to see what products will be best for you . I have a couple that are very good , if you would like to discuss them , please feel free to contact me . Thank you for asking !


Input: Where Can I Buy Individual Health Insurance?

Output: 1 -RRB- Make life easier on yourself - seek out an experienced local life & health insurance broker who is also certified to sell coverage through the government health insurance marketplace in your state . Health insurance is no longer only a health care and monthly budget issue in our lives , it is also a tax issue . Having professional guidance in making your selection is more important and more challenging than ever and it wo n't cost you any more to use a broker 's services , so look up some local brokers and put one to work for you . 2 -RRB- Healthcare.Gov -LRB- or your state 's health insurance marketplace if your state has its own -RRB- - you can strike out on your own by going to the web site for your state 's health insurance marketplace and shopping online . Buyer Beware - purchasing health insurance online is n't the same thing as buying a hotel room or an airline ticket . Try as they might , it is virtually impossible to present all the details a buyer should be aware of and consider and to anticipate all the unique questions each person will have in a web site . This is a problem because it is the insurance plans sold inside the health insurance marketplaces that are most likely to be built around narrow networks or restricted service areas . These can be the some of the unpleasant surprises the self-shopper can find themselves presented with if they do n't really do some serious homework . 3 -RRB- Other web sites - need I say more ? 4 -RRB- My web site at www.cdbsagency.com


Input: What Is The Purpose Of Having Disability Insurance?

Output: Along with the answers above , another type of important disability coverage is Key Man -LRB- or Key Person -RRB- disability insurance . This is purchased when a business has a sole employee who 's absence would drastically affect revenue and production . The benefit is paid to the company and can go toward myriad areas , including employee salaries , production , resources , etc. .


Input: What Is The Purpose Of Having Disability Insurance?

Output: The purpose of having Disability insurance is to provide income to your family in the event that you become unable to work due to illness or injury . Disability insurance pays cash to you that you can use to support your family during the time of your disability , or until the policy ends after a set period of time , depending on the features of the policy purchased .


Input: What Is The Purpose Of Having Disability Insurance?

Output: Peggy Mace provides a wonderful answer to this question . I would add that thereis an array of business disability insurance products available that are often overlooked yet important . As an example : Business Overhead Expense -LRB- BOE -RRB- policies pay the overhead expenses of a disabled business owner/professional . This is important because the businesscash flow is interrupted upon a business owner 's disability . The BOE policy will reimburse the disabled business owner for his expenses.Food for thought .


Input: Does My Geico Insurance Cover Me When I Rent A Car?

Output: Great question ! If you have comprehensive and/or collision coverage , often it will apply , regardless of the vehicle you are driving . BUT , you want to check with your agent about your specific policy , as not all companies insure a vehicle other than the one listed on your policy . I am not a Geico agent , so I can only tell you the general rules . If your policy does n't , you have a couple of options - the first is to purchase a policy from the rental company , the second may save you a few bucks if you want to spend a few minutes on the phone - many credit cards will include rental card insurance coverage as a perk , if done through their partners - especially cards issued through airlines . It might be worth the call to find out . Thanks for asking !


Input: Is Humana A Medicare Supplement Plan?

Output: Humana offers Medicare supplement plans and Medicare Advantage in some states . Their Medicare supplement plan offerings are limited in most areas . In Georgia for example , Humana only offers Medicare supplement plans A , F , K , N and High F . Some of their plans are competitive but there are almost always lower priced plans from other carriers .


Input: Is Humana A Medicare Supplement Plan?

Output: Humana offers Medicare supplement plans in most states on a statewide basis . In some states Humana also has a Medicare Advantage plan that may or may not be available in your zip code or county . In Georgia the Humana Medicare supplement plan is neither the highest priced plan nor the most competitive .


Input: Is Humana A Medicare Supplement Plan?

Output: Medicare Supplement Plans are standardized by CMS . Humana 's Medicare Supplement Plans offer the same benefits as any insurance company who also sells Medigap plans . For example , Medigap Plan F with Humana has the exact same benefits as Medigap Plan F with Cigna -- the only difference is price . As Bob stated , there are often many other insurance companies with better premiums for the same exact Medigap Plan .


Input: Is My Health Insurance Covered By Erisa?

Output: The Employee Retirement Security Income Act -LRB- ERISA -RRB- governs many health insurance plans but not all . Most employer sponsored health plans are covered by ERISA expect those provided by government employers , religious organizations , and plans set up solely to comply with specific sate laws . Any plan purchased on the individual market , such as plans offered through an Affordable Care Act state exchange are not subject to ERISA .


Input: Which Home Insurance Should I Buy?

Output: The one that provides you with the coverage that you are most cofortable with . Coverage will vary from carrier to carrier . The most important thing is to have a local agent that you are comfortable working with as this will be the person that you typically contact in the event that you have concerns about coverage , claims , or what additional coverages that you may need in the future .


Input: What Age Do I Sign Up For Medicare?

Output: If you are age 65 when you receive Social Security benefits , you will automatically be signed up for Medicare at age 65 . If you are not yet receiving Social Security benefits , you can still sign up for Medicare benefits at age 65 . When relying on your spouse 's eligibility , you can get Medicare at age 65 if your spouse is at least age 62 .


Input: How Much Do You Pay For Long Term Care Insurance?

Output: Your premium price tag depends on your gender , age , smoking status , health history , current medical condition and paramed exam results . Your premium price tag is also dependent on your behaviors like : motor vehicle violations , dangerous recreational activities and vocational hazards . A nonsmoking married couple in good health and both age 60 will pay around $ 300 a month for a long term care policy with an inflation rider for $ 7,000 of monthly benefit and total benefit of $ 420,000 .


Input: Why Did My Auto Insurance Premium Go Up?

Output: That is a question for your local agent or your carrier . There could potentially be several reasons that your auto insurance premium has gone up . Have you had any accidents , tickets , or claims since your last renewal ? Have you made any changes to your coverage or policy ? It could also be the area that you live in , the carrier may have experienced a higher amount of loses in your area than they anticipated . There are too factors involved in determining your rate to say that any one thing has caused a rate increase .


Input: What Is Sun Life Insurance?

Output: Sun life insurance is a Canadian life insurance company that offers life insurance and annuity products . They have one of the strongest balance sheets among their peers and appear to target executive benefits in their advertising . They were a career distribution channel and used brokerage distribution , but eliminated both from their marketing efforts .


Input: Is Variable Annuity Death Benefit Taxable?

Output: The Death Benefit on a Variable Annuity -LRB- or any other type of annuity -RRB- is taxable as income . However , there are often some techniques to help minimize those taxes . One technique is for the beneficiary to take the value as an income stream , and not as a lump sum . If taxes are a worry about any financial product you own , consult with a CPA .


Input: How Much Does It Cost For 1 Million In Life Insurance?

Output: There is no fixed cost for 1 Million dollar life insurance . Life insurance has several underwriting factors including : age of applicant , gender , occupation , location , health condition of applicant . The older you are the higher the life insurance cost . This amount of life insurance will most likely be fully underwritten , meaning you may pay higher premium if you are not in best of health or be declined for health reasons .


Input: How Much Does It Cost For 1 Million In Life Insurance?

Output: To find the cost of $ 1,000,000 in life insurance for you , you can go to a website that allows you to put in your information to get your quote , or you can call an online life insurance agency or one that you locate with the Yellow Pages or Chamber of Commerce Directory , or you can visit a local life insurance office . That way you will get the rate that applies to you , not to an unknown person advertised on TV for the type of policy that may or may not do you any good .


Input: How Much Does It Cost For 1 Million In Life Insurance?

Output: A $ 1,000,000 life insurance policy can be purchased for $ 20 per month . But only if you are a perfectly healthy 21 year old non-smoker . And that rate will only be guaranteed for 10-years . Life insurance is sold at different prices to different people . No two people have the same health history , gender , smoking status , family history , etc. . Plus you may only need your term life policy for 2 -- years and your twin brother may want his for his entire lifetime . That will greatly affect the price .


Input: What Is The Difference With Term And Whole Life Insurance?

Output: That is a great question ! It is actually probably the most common question I get . Term policies are perfect for people who have very tight or small budgets and need insurance , or that have a debt that they need to have covered for a short period of time.For example , let 's say that you just graduated college , and have a lot of school debt to repay , and a starting salary job . A term policy that insures you until the loan debt is paid , or until you get a higher paying job is a great option . Or if you just had a baby , and want to increase your coverage to ensure that the baby 's college expenses , and needs would be paid for if something were to happen to you , again is a good option . If your need is for something that is more permanent , that you know you wo n't outlive , and that will have a reserve of cash that you can draw from if needed , then you will want a whole life policy . They are more expensive then a term policy , but they are also going to pay out , providing you keep the policy in force , while the vast majority of term policies will end without ever paying . Term policies also will not have any cash value , should you need it , or wish to surrender the policy . Once you have a whole life policy , the prices are generally set , and do not change , nor can you be dropped from them . Finding affordable coverage once your term policy ends can sometimes be difficult , or impossible , if you 've aged considerably , or your health has had some serious setbacks . I hope that helps , thanks for asking !


Input: What Is The Difference With Term And Whole Life Insurance?

Output: Term Life Insurance is a temporary policy with very few moving parts . It has no cash value ; pays no dividends ; can not be paid off early ; and when the term is up , it goes way up in price , or else the policy simply ends . As such , it also usually costs less per thousand dollars of coverage than Whole Life costs . Whole Life accumulates cash value that can be borrowed from , used to pay the policy premium in later years , or collected if the policy is surrendered . It may pay periodic dividends . Whole Life policy premiums can be paid over one 's lifetime , or in one single premium , or over a set number of years . The biggest difference between Term and Whole Life is that Whole Life is permanent insurance that will last your `` whole '' lifetime . With these features , Whole Life usually has a higher premium than Term Life , although it is possible that if you keep buying new Term policies throughout your life , the cumulative premium of Whole Life may be lower than the sum total of all the Term policies , especially if your health declined over the years .


Input: How Much Life Insurance Do You Need For A Stay At Home Mom?

Output: This is a very good question , but one that is difficult to answer with a dollar amount . There are many things to consider when attempting to set this dollar amount . To best determine the amount that you would need you should meet with your local adgent and discuss your expectations if you were no longer here . Everyones situation and expectations of how the family will carry on are diffirent .


Input: How Much Life Insurance Do You Need For A Stay At Home Mom?

Output: Dear Stay @ Home Mom , I agree with David . It depends . It depends on the family situation and financial condition in the event that the Stay at Home Mom would pass away and no longer be able to contribute to the family . Above and beyond the emotional/social value of the parent , there is an economic value that is considered . You may have heard the term `` Human Life Value '' in relation to life insurance . As difficult as it is to do this , it is an attempt to place a monetary value on the contributions of the person who passes away . In the case of a Stay @ Home Mom , the income of the working spouse in addition to the family savings allows the mom to stay home and take care of the children . If she passed away , the surviving spouse would most likely have to pay for day care . So simply projecting out just the additional cost of daycare could be a starting point ... I hope that sheds some light on it , and hopefully that serves as a starting point to talk to a local professional who can help you and your spouse choose the best life insurance coverage for you !


Input: Can I Write Off My Car Insurance?

Output: That is really a question for a tax accountant . Remember what is allowed and what is n't allowed as a deduction changes from year to year . If you are asking about insurance premiums for a business auto policy . It is a good posibility that this would be deductible . Contact a local tax account to know what is allowed and not allowed as deduction in your situation .


Input: Is It Illegal To Not Have Home Insurance?

Output: It is not against the law to own a home and not insure it . Lenders require hazard insurance on a home ; however , if you dont have a mortgage on the home , you dont have to insure the home . You should ask yourself what your financial situation would be were you to lose the home and its contents in a fire or similar risk . You should also ask how you would handle a lawsuit if someone was to claim personal injury or property damage .


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

Output: The answer to how long it takes to get on health insurance depends upon the channel used for purchasing coverage . Most people get their health insurance at work . New employees can purchase coverage once they been with the employer for a specified length of time . Each employer sets this time frame in its plan documentation . Existing employees must wait for the employers open enrollment period , unless there has been a qualifying life event . People purchasing coverage as individuals through a state exchange can only enroll during an open enrollment period . The first open enrollment closed on March 31 , 2014 . The next open enrollment applies to policies effective January 1 , 2014 . People with a qualifying life event can purchase coverage without waiting for an open enrollment .


Input: Is Renters Insurance The Same As Homeowners Insurance?

Output: Homeowners Insurance is usually associated with the owner of the dwelling ; whereas Renters Insurance is specifically intended for the non-owner occupant of the dwelling . Renters Insurance is intended to provide Personal Property Coverage and Personal Liability Coverage for the tenant of a home . In a tenant occupied situation , the owner of the dwelling will usually carry Landlords Protection Coverage for the dwelling which does not offer any protection to the tenant . The tenant should purchase his/her own Renters Insurance . This is coverage is very inexpensive and is well worth it ; there have been many instances where a property owner has brought legal action against a tenant for negligence leading to a fire or other type of claim ; the Renters Insurance provides Personal Liability Insurance for the tenant which may provide defense in such an occurrence . For a renters quote in California , Arizona or Nevada , you may click on : WEBSITELINK For all other States , you should find a licensed representative in your State for a quote .


Input: Is Life Insurance Covered Under Cobra?

Output: Group life insurance contracts are not covered under COBRA : you are not guaranteed the ability to continue coverage . Many group plans have a conversion feature - but all . Each group policy has its own set of conversion rules . You may be able to convert the policy to an individual contract provided you complete the process shortly after leaving employment . Typically the premium rates are much higher for people converting as the adverse selection often very high . The majority of people converting are those with existing medical conditions who are unable to qualify for a policy on their own .


Input: Is Life Insurance Covered Under Cobra?

Output: No , group life insurance benefits are not covered under the COBRA act . The COBRA act was originally set in place for an employee to change jobs or companies without a gap in coverage . Unfortunately , this law does not cover your life insurance . There are plans that offer portability with group life insurance without proof of insurability but there is a fairly steep rate increase for those . The rule of thumb is always purchase personal life insurance to protect your insurability and use the employer group life plans as an extra .


Input: Is Life Insurance Covered Under Cobra?

Output: No , unfortunately , life insurance is not covered under Cobra , nor are disability income insurance or accidental insurance policies . Cobra applies to the temporary continuation of group health insurance , which includes medical , dental , vision and prescription drug plans .


Input: Which Is The Best Car Insurance In Massachusetts?

Output: Im not sure what you mean by best auto insurance but I assume you may mean the least expensive and certainly in Massachusetts there are now a number of choices . I wouldnt however suggest those terms are interchangeable . Best does not necessarily mean least expensive . In fact , it may mean just the opposite . The best auto insurance would provide coverage for : 1 . Injury or damage you might cause to someone , in particular someone you care about who may be riding in your car . I would suggest a limit of not less than $ 100,000 . 2 . Injury to you or your family members residing with you should they be injured in an accident caused by someone else . Again I would suggest a limit not less than $ 100,000 . 3 . The cost to repair or replace your car or any car you happen to be driving -LRB- borrowed , loaned , rented -RRB- should it be damaged in an accident I would suggest not purchasing coverage on-line or over the phone from someone you have no other contact with . An insurance policy is a very expensive piece of paper until you get a chance to use it . Buy from someone who will help you complete the paperwork , someone who already has a good working relationship with the insurance company and someone who would stand with you if there were a problem . Once these conditions are met , then look at the pricing and make your selection . More often than not , this will be the best auto insurance for you and your family .


Input: Which Is The Best Car Insurance In Massachusetts?

Output: There is no such thing as best car insurance in any state let alone Massachusetts . You may to need to qualify your meaning of best car insurance . Do mean best in lower rates , good service , best claims service ? There are few really bad insurance companies . The all come under state regulation are required certain level of ethics and behavior . It is true that you may encounter different experience as you engage any insurance company . That encounter may cement your opining about that company . Geico rates are going up because of a dismal first quarter profits . You opinion of Geico may change because they were once cheap and now they are expensive . What do really mean by best insurance company in Mass ?


Input: Which Is The Best Car Insurance In Massachusetts?

Output: Because auto insurers -- just like all insurers -- have various appetites for different types of risk , there is no one best insurer for any state , person , etc. . The best insurer for you depends on an array of variables that you will need to sort out with an agent . If you seek the assistance of an agent , he or she can best match you to the best insurer for your circumstances .


Input: Does Medicare Cover Wrist Splints?

Output: Generally , wrist splints and other types of wrist supports can be covered under Medicare if they 're prescribed by a physician . Some example situations an individual may encounter where a splint might be deemed `` medically necessary '' by a physician are wrist arthritis , wrist sprains/strains , and carpel tunnel syndrome . If the support product is not prescribed by a doctor and is simply purchased over the counter , Medicare may not cover it .


Input: Does Home Insurance Cover Tree Removal?

Output: Homeowner 's policies vary a LOT so the only way to know for sure is to file a claim . This question in particular is very tricky but as a general guideline tree removal will be covered -LRB- to a limit -RRB- if what caused the tree to fall was something sudden and accidental such as a windstorm or a lightning . On the other hand if the tree just died of disease or old age its removal will probably not be covered .


Input: Who Are The Largest Health Insurance Companies?

Output: Some of the largest health insurance companies in the country are : 1 -RRB- United Health Group -LRB- United Health One/United Healthcare -RRB- 2 -RRB- Wellpoint -LRB- Anthem -RRB- 3 -RRB- Aetna 4 -RRB- Kaiser 5 -RRB- Humana 6 -RRB- Cigna 7 -RRB- Coventry 8 -RRB- CareFirst One of the big network names is Blue Cross / Blue Shield - Anthem and CareFirst feature this in Virginia and a number of other states .


Input: How Can I Reduce The Cost Of Homeowners Insurance?

Output: There 's several ways to lower your homeowners insurance premiums . You can raise your deductible . Many deductibles offer percentage discounts of up to 40 % of the base premium . Another way is to lower your coverage . I would speak with your agent before lowering any coverage . Another way is to install a central station alarm system . This can lower your premium up to 10 % . Also you can exclude `` off-premises theft coverage '' . This is another 10 % discount and will exclude any items that are stolen away from your home . Hope this answer helps . Again , always speak with your local independent insurance agent or broker before making any changes to your policy .


Input: How Can I Reduce The Cost Of Homeowners Insurance?

Output: The quickest easiest way to lower the cost of your current homeowners insurance policy is to raise the deductible on the policy . If that is not a viable solution for you then you may wish to seek another carrier for your coverage . Checking your rate with other carriers within your area may show you that a savings is available . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: How Can I Reduce The Cost Of Homeowners Insurance?

Output: Different providers offer solutions for insuring your home and managing the cost of that protection . There are several things that you should be able to consider whenlooking for Home insurance and it is best to consult your insurance professional . Generally speaking , you may find that it is less costly to insure a newer home vs an older one . Choosing a $ 1000 deductible rather than a $ 500 or $ 250 , will reduce your premium . Install a central monitored security and fire system and that may save you about 10 % . Always ask about bundling your Home , Auto and Life insurance plans because these bundling plans can really save you money . Check to see if your carrier offers discounts for installing a new roof or upgrading your plumbing , electrical or HVAC systems . Finally , maintain your home . Fixing small problems as they show themselves will usually keep repair costs down . Maintaining your home andpropertyis also the best way to protect it from storm damage .


Input: Is Selling Annuities A Good Job?

Output: Selling financial products can be a very rewarding career and tax deferred annuities can be a significant part of your practice . Fixed interest rate and indexed annuities require licensing form your state 's department of insurance . If you desire to sell variable annuities , you 'll also need to be security licensed through FINRA with a series 6 and 63 .


Input: Is Icici Prudential Life Insurance A ULIP?

Output: According to their resources available online , ICICI Prudential -LRB- part of Prudential PLC domiciled in the UK -RRB- does not specifically mention a Unit Linked Insurance Plan -LRB- ULIP -RRB- , which is what we refer to in the United States as variable life insurance . Because most agents here are licensed in the United States , our familiarity with ICICI Prudential -- a company with principal business in India -- will be very limited . You may want to seek out resources from agents licensed and working in India .


Input: Does Auto Insurance Go Down When You Turn 50?

Output: Your auto insurance rates may reduce at age 50 -LRB- or age 55 -RRB- , depending on the company you are insured with . Underwriting guidelines are different , depending upon the carrier and the type of discounts that they offer . Typically , as experienced brokers , our job is to find the companies that offer the lowest prices in your area , and find the discounts that best apply to you .


Input: Is Permanent Life Insurance A Good Investment?

Output: Life insurance is not an investment at all . It 's protection . To be considered an investment , the product MUST have risk to your principle amount paid . That means even if you carry out the terms of the contract , you can still lose some or all of your principle and get nothing in return for it . The reason you would do this is to have the opportunity that the investment will go well and return MORE than you paid in . Life insurance does not work that way . It can never legally be called an investment . One form of life insurance -LRB- Variable Life -RRB- has the cash accounts invested but the life insurance component of the product is still not an investment . No investment will do what life insurance does for you . You should never confuse your life insurance needs with your investment needs .


Input: When Do You Get Auto Insurance?

Output: In most states , you will need to get the policy before you purchase the vehicle . You can add the new car to your existing policy , or contact an agent and create a policy once you 've decided what car you are going to buy . The dealer will be very happy to assist you with that !


Input: If I do not have an alarm system in my business and I get broken into, will insurance policy cover any damages and losses?

Output: When your agent was talking to you in the beginning about all of your insurance needs did they ask you about the alarm system ? Some but not all insurance companies will require an active alarm system to offer theft coverage on owned property . Most insurance companies will offer premium discounts on property coverage with an active , central station monitored alarm system but will not exclude theft coverage without the alarm . I would recommend that you contact your agent and ask them for a copy of your original application if you do n't already have a copy . That will indicate how the alarm system question was initially answered . Also , ask your agent if your insurance company requires an alarm system to be covered for theft on your property coverage . I would do this as soon as possible . If your company does require the active alarm to have theft coverage , then you will want to get that alarm system up as soon as possible to avoid having a break in or burglary denied by your insurance company . The thing to remember is that every insurance company is different in their policy forms . I would find out about this right away from your insurance company/agent .


Input: Which Life Insurance Policy Is Best?

Output: Life Insurance is about covering or meeting a need and each type of Life Insurance policy addresses that need a little differently . If you have a loan for example , you might have a term insurance which will cover the term of the loan . If you have kids at home , you might also consider a term policy which would help support the surviving spouse as well as provide funds for college education . A permanent policy might be a great way to cover those final expenses . Since you do not know when you will die , a permanent policy is designed to be there if that happens to be today or at age 100 . There are also variable to consider . Did you know that you can get a term policy that pays all your premium you paid back at the end of the term ? Or a term policy that pays you a % of the death benefit if you have a Critical Illness -LRB- first diagnosis -RRB- or Chronic Illness need ? The same is available with Permanent policies as well . Your agent should be aware of these options .


Input: Which Life Insurance Policy Is Best?

Output: There is no one best life insurance policy for everyone . Some types of insurance work better than others for certain needs . The premiums for some types of life insurance are prohibitive , or that type of coverage may be unavailable , at certain ages or with certain risk factors . Life insurance is personal coverage , and if you would find the best policy for you , you must consult with an agent who will take your personal details , then work hard to find the best policy for YOU .


Input: How Much Money Does A Life Insurance Salesman Make?

Output: It depends on the company he works for and the type of policy sold . I have seen commissions as low as 30 & and as high as 120 % of the first year premium This is paid by the insurance company , not you . Life insurance premiums are placed in an insurance company 's account and a special fund -LRB- to keep this simple -RRB- is set aside to pay for any commissions and other expenses on a company level , not an individual policy holder level . Your premium is just a basis of what is paid out to an agent for his hard work and marketing expenses .


Input: How Much Money Does A Life Insurance Salesman Make?

Output: Compensation to life insurance professionals differ in every marketing distribution channel . The three main channels are career system , independentbrokerage and broker/dealer . Most career agents and broker/dealer registered reps who sell lifeinsurance `` average '' $ 55,000 a year . Theirindependentcounter parts earn about $ 70,000 . The top 10 % of life insurance sales people earn $ 250,000 or more -LRB- includesrenewals . -RRB-


Input: How Much Money Does A Life Insurance Salesman Make?

Output: As a general rule of thumb . 100 % of first year premium is paid out to someone as commission . It 's not always your agent or `` salesman '' that gets it all . Many companies have several people that get a portion of the commission and your agent would only get his portion . The commission comes from the insurance company rather than from you . Even if you purchase direct without an agent , you will pay the same amount .


Input: Is The General Auto Insurance Cheap?

Output: The General is a nonstandard auto insurance company , so you should only consider The General if you do n't qualify for standard auto insurance , due to your driving record or other factors . Like with any auto insurance company , some drivers in some states or zip codes may find The General has the best price for them , but other people may find much lower rates with other nonstandard auto insurance companies . Compare The General with GEICO , Progressive , Infinity , andlocal independent insurance agents selling nonstandard auto insurance near you . Check your phone book : agents sellingnonstandard auto insurance usually advertise about insuring people with no prior insurance , needing SR-22s , or havingtickets and/or accidents .


Input: Will Medicare Pay For Hospital Acquired UTI?

Output: UTI -LRB- urinary tract infection -RRB- is a covered expense under Medicare . If you can PROVE you contracted the illness as a result of hospital care , and the hospital agrees to cover all costs associated with your care , this may be considered an ineligible claim under Medicare . Otherwise , UTI treatment is covered .


Input: How Much Does Life Insurance Cost For A 30 Year Old?

Output: $ 250,000 of 30 year Term costs between $ 20/mo -LRB- best health rating -RRB- and $ 40/mo -LRB- standard health rating -RRB- for a 30 year old male nonsmoker . If getting No Exam insurance , $ 100,000 would cost about that much . Shorter Terms and lower face amounts cost less . Permanent and higher face amounts cost more . Health conditions can make the policy proportionately higher . Serious health problems can cause restrictions on the type of policy one can get .


Input: Does Health Insurance Cover HIV?

Output: Health insurance plans will cover non-experimental treatment for HIV , AIDS , and ARC . If you are currently HIV positive you may find it impossible to purchase individual health insurance . Employer group health insurance plans are required to accept you without regard to pre-existing conditions . If you do not have prior creditable coverage there may be a waiting period for pre-existing .


Input: Does Allstate Offer Long Term Care Insurance?

Output: No . Allstate used to market long-term care insurance through Lincoln Benefit Life , but has not done sofor at least 5 years . All long-term care policies sold by Allstate through LBL are being fully administered and claims paid as approved . Since the carrier is not currently marketing LTC insurance , no new premiums are coming in . As a result , policy holders of this carrier 's long-term care plans of insurance are likely to experience increases in premium in the 30-50 % range . Such an increase occurred in 2010 . However , while those percentages seem extremely high , consumers need to understand that in spite of the increase , the higher premium is probably still a bargain compared to what LTCi costs today . Carriers that increase premiums are making every effort to help people keep at least some of their coverage by making adjustments to benefits , features , or riders going forward .


Input: What Is Equity Indexed Annuities?

Output: Equity Indexed Annuities is a slight misnomer for indexed annuities . Non-qualified indexed annuities generate earnings from indices both foreign and domestic with crediting methods like rate caps , spreads and participation rates -LRB- sometimes a combination . -RRB- Most indexed annuities use index options funded by their interest rate portfolio yield .


Input: What Happens If I Am Denied Life Insurance?

Output: If you are denied life insurance , there are almost certainly other options out there for you . Sometimes declines come simply because someone applied for a policy which does not accept their health condition in any form . However , there may be lots of companies that do accept your health condition . Sometimes the underwriting process ends simply because some records never arrived , or some other technicality . Applying with another company may have a much better result . If the decline was due to a health condition that was unexpected -LRB- such as finding out your blood glucose was high on the life insurance exam -RRB- or your medical records showed more serious health details than you thought , there are simplified issue policies that utilize much more lenient underwriting . And if even that does not work , there are guaranteed issue policies for many people . Talk to an impaired risk specialist who can assess your situation and lead you to a policy for which you can qualify .


Input: What Is The Impact Of Gender Change On Auto Insurance Rates?

Output: Insurance is regulated by state . Each state can adopt a different approach to the issue that you have raised . In California , the voters took rating matters into their own hands with a constitutional amendment . Sex or gender , as you say , is not a rating factor in California . That means that in California if you switch sex , switch back and switch again , nothing will change as long as you are residing in California , and driving a car insured in California .


Input: What Is The Impact Of Gender Change On Auto Insurance Rates?

Output: That is a great question ! I think that the industry will have to rethink how they treat this issue somewhere along the line , but I think for the time being it is safe to assume that they will react as any profit oriented industry would . Unless you can show them medical proof that you are now `` Joann '' , and not still anatomically `` John '' , I 'd expect to pay the `` John '' based rates . I am afraid that they would speak carefully about appreciating your choices , but then fall back upon corporate doctrine , and charge you according to your rate category . There is no statistical evidence that would persuade them that changing your gender would change your driving habits , -LRB- individually or as a rate class -RRB- so it 's unlikely that they would reclassify you . That said , you never know , some companies and States are a little more progressive and understanding , so it 's certainly worth asking your auto insurance agent . Good luck , and thanks for asking !


Input: What Is The Impact Of Gender Change On Auto Insurance Rates?

Output: Gender change and the impact on auto insurance rates . Wow ! That 's a tough question even for me ... a broker with 34 years of experience . Typically , your driver 's license indicated your sexual orientation , although it is a bit unofficial . Initially , you may see carriers use that data when rating a driver and determining the appropriate premium to charge . However , in the future , they may be changes to the way insurers handle this very delicate situation . State laws and regulations may also impact the situation . Of course , recent legislation has changed in many states . For instance , if medical records -LRB- furnished upon request -RRB- indicate a gender different than what is listed on the actual driver 's license , an underwriter may make a determination to change the way that driver is rated . Ultimately , it is a corporate decision . Important Note : Answer was provided by Ed Harris , one of the nation 's premier car insurance experts , and owner of the top-rated website Carinsurancezoom.org , where consumers can quickly view the companies that offer the best rates in their area .


Input: How Much Term Life Insurance Do I Need?

Output: The amount of term life insurance you need will vary , depending upon your age , type of work you do , income , number and age of dependents , your budget and other in-force policies you have . As you can see , there is no easy answer . Although 5-10x salary figures are often thrown out , consulting an experienced full-time broker will yield the best results .


Input: How Much Term Life Insurance Do I Need?

Output: The place to start is to determine the actual need amount first . The type - term or permanent - is largely a secondary determination based on budget and if the need is likely to be temporary -LRB- term -RRB- or for a lifetime -LRB- permanent -RRB- . Conventional methods center on a capital needs analysis -LRB- how much do I need as a lump sum at my death to create an income for my family -RRB- . Other methods look at Human Life Value and variations on these . The analysis may also address whether the need is indeed a good fit for a temporary or permanent life insurance solution . Ask a life insurance professional to provide a customized analysis for you and your family . There are a wide variety of online calculators such as this one : WEBSITELINK These calculators can help you visualize the problem and better prepare you for a planning discussion with your agent .


Input: Is Rhinophyma Covered By Medicare?

Output: Typically , Medicare only covers treatment of a condition if it 's deemed medically necessary by a doctor . Otherwise you may have to pay for treatment out-of-pocket . I would recommend contacting the Medicare office directly to see if they would cover it for your specific situation . I hope the input is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Is Mold Covered By Renters Insurance?

Output: If you are a renter , this means you are moving into a home or apartment which the maintenance is the responsibility of that owner . Renters Insurance typically covers you possessions in case of loss or damage due to theft , building catastrophic events , etc. . Mold is the responsibility of the owner not you .


Input: What Is Single Premium Life Insurance?

Output: Single premium life insurance is life insurance that is paid with one payment . Term life insurance can not be paid with a single premium . Single premium life insurance must be a type of Universal Life or Whole Life policy . Often , single premium life insurance is purchased on the basis of how much face amount can be purchased with the lump amount of cash that the applicant has available . Other times , the applicant has a face amount in mind and pays whatever lump sum is needed to purchase that amount .


Input: What Is Single Premium Life Insurance?

Output: A single premium whole life policy is an estate planning sleeper . This is a wonderful vehicle to pass money to heirs . For a single deposit the insured can satisfy the desire to pass money to someone else . Generally the recipient or beneficiary will receive significantly more than the deposit and the person making the gift can then feel the freedom to spend their money without concern over passing wealth to the next generation .


Input: What Is Single Premium Life Insurance?

Output: Single Premium life is a modified endowment contract that includes a death benefit and the policy provision to accumulate cash values tax deferred based on a single deposit . Any policy loans will be treated as a ordinary income taxable event at the effective tax bracket rate of the life insurance policy owner .


Input: What Is Single Premium Life Insurance?

Output: That is a great question ! Unlike a regular insurance policy , where you would make regular payments , either monthly , quarterly , semi-annually or annually , in a single premium life insurance policy , you make one large payment , and then no more . These policies are generally going to earn some interest , and pass tax free to your beneficiaries . This type of policy is great if you want to move large amounts of your estate to heirs without any tax consequences . I hope that helps , thanks for asking !


Input: Does home insurance cover fire?

Output: Fire was the original peril covered for homes . The insurance company will repair your home to either its depreciated state or replacement state , depending upon the coverage selected . During the construction any extra living expenses incurred because you can not live in the home will be a part of the claim . Contact your agent if you have more specific information that you are trying to find .


Input: Does home insurance cover fire?

Output: If your house is damaged in a fire , your home insurance will kick in . This insurance will not only pay for fixing up your home , but will also cover a number of other extra costs . The amount of money you get from your insurance depends on a few factors though . The first item your home insurance covers is the damage to your home . The amount you receive for damages depends on the limit of insurance you purchased . If your limit is high enough to cover all damages , your insurance will cover all your home repairs . If you didnt fully cover your house , you may need to pay some of the costs out of your pocket . On top of covering your house , your home insurance will also replace your personal belongings . Once again , the amount you receive depends on the coverage you bought . In addition , home insurance limits the amount it pays on expensive items like jewelry and artwork . If you have any valuables , you may need to buy additional coverage . Lastly , your home insurance will cover the costs of your living somewhere else because of the fire . If you need to live in a hotel and eat at restaurants while your home is repaired , the insurance will pay for these expenses . While home insurance covers your damages in most cases , it wont cover the costs from an intentional fire . This applies to fires started by family members , not by a stranger vandalizing your house . If a member of your household started the damaging fire on purpose , your insurance wont cover your expenses . Unless you fall under this exception , your home insurance should cover the damages of a fire .


Input: Does home insurance cover fire?

Output: That is a great question ! I sincerely hope that you are just asking , and do n't really need to know . One of the original reasons for homeowners insurance was to protect against the far too common danger of kitchen or heating fires . It is still one of the main points of your policy . If you are the unfortunate victim of a fire , your policy will pay , in almost every single case . I hope that helps - thanks for asking !


Input: How Does Northwestern Mutual Life Insurance Work?

Output: Northwestern Mutual is a company which the owners are not shareholders by rather insured . Mutual companies do not really work any differently than other insurance companies . The difference may be in the product offering although the basic term & permanent life policies along with dividend paying products . The process of applying for and underwriting for life insurance will be similar with all other life companies . Not all agents are appointed with Northwestern Mutual however so you may have to call the company to be referred to an agent .


Input: Will Car Insurance Cover Flood Damage?

Output: For your car to be covered by your auto insurance , you must have comprehensive coverage on your policy . It is called that because it provides coverage for most events other than collision , and this is when you collide , or hit another car , or object such as a fence etc. ...


Input: When Does Term Life Insurance Become Effective?

Output: A life insurance policy is a legal contract . The start date for the coverage is listed on the declaration page of the policy . Normally it is the date that the company approves the risk ; however it could be a later date or an earlier date depending upon the underwriters . The reason for an earlier date is that some people want to save age by getting the policy issued a few days or weeks earlier .


Input: When Does Term Life Insurance Become Effective?

Output: For any life insurance policy , the coverage begins once the policy has been approved and you accept the offer by submitting the initial premium payment -LRB- and any outstanding requirements such as a policy delivery receipt and/or a good health statement -RRB- . If you submitted a signed temporary insurance agreement and sent it in with a check when you submitted the application , then only the latter would be necessary , if applicable - the policy would be in force as of the policy 's stated effective date . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any further questions . Thanks very much .


Input: What Is The Most Common Type Of Life Insurance?

Output: In 2011 , Term Life insurance represented 65 % of the total coverage in effect in the US , and accounted for nearly 40 % of every new life insurance policy sold in the US . However , increases in the sale of Whole Life , Universal Life , Index Universal Life , and Variable Life caused the sale of Term Life to go down slightly from 2010 , according to LIMRA -LRB- Life Insurance and Market Research Association -RRB- .


Input: How Much Does Homeowners Insurance Cost In Georgia?

Output: Like all other types of insurance , there is no one single price for home owners insurance , nor is there one company that is `` best '' or `` most affordable '' home owners coverage for everyone . To determine the best plan for your personal situation , I suggest speaking with a licensed insurance agent , one who represents many companies in your area . That is the only way to ensure you receive honest , expert advice , based on your personal needs.With property and casualty coverage such as home owners or auto insurance , you can normally get a better deal when purchasing coverage for more than one item . For example , I live in Georgia also and have my car and my home both covered on policies with Auto-Owners Insurance company . With the multi-policy discounts I receive , I actually pay less to insure my home and car than I would pay to insure my home , if that was the only policy I carried with that company . While that may sound illogical , if not unbelievable , it is true , and is a very smart approach to take to make sure you keep as much as your hard earned money in your pocket as possible .


Input: Who Is The Best Life Insurance Company To Work For?

Output: I am not totally sure if you are referring to working as an agent or broker or as an employee . I can certainly talk about as a broker . I do not have a `` best '' company but I have some standards I look for when working with an insurance company . First , they need to be Financially rated A - or better otherwise I tend to shy away . Second , they have to have competitive products . Every company has a different niche . Third , they have to support me as the broker so I can do a great job meeting the needs of my clients , and last , When a claim comes in , they have to have a history of expediting the process so you or the beneficiary will get the benefit applied for without or with a minimal amount of red tape .


Input: Does Life Insurance Need To Go Through Probate?

Output: Typically , when the beneficiaries of your life insurance policy are listed in the proper manner , the proceeds from life insurance pass to the listed beneficiaries directly . This means the process of the paying of any life insurance benefits happens outside the probate process . I hope this helps . If you have anything more specific you 'd like to ask . Please do .


Input: Does Life Insurance Need To Go Through Probate?

Output: If there is no beneficiary cited on a life insurance policy -LRB- or the beneficiary is the estate -RRB- , the proceeds are paid to the estate . From there , they will go through the probate process if there is no instruction for how the proceeds are to be distributed - when this happens , the courts would decide how the estate is to be distributed . If a beneficiary is designated , then the proceeds would be paid to that person -LRB- s -RRB- / entity rather than going through the probate process .


Input: Does Life Insurance Need To Go Through Probate?

Output: One of the big advantages of life insurance is that it does not have to go through probate . My father died about a year ago , and he had several small life insurance policies . My mom was truly surprised that she had quick access to those funds to pay for Dad 's funeral , without having to wait for probate -LRB- which still has not been completed , as far as I know -RRB- . And surprised again when she just found out for sure that she did not have to pay any taxes on them . No matter how much you trust your agent , it is collecting on life insurance that can make believers of anyone .


Input: Does Life Insurance Need To Go Through Probate?

Output: In Canada , typically if the beneficiaries of the policy are individuals then the proceeds of the policy do not need to go through probate . If the beneficiary is the estate then the proceeds will have to be probated and subject to claims of creditors . 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: Does Life Insurance Need To Go Through Probate?

Output: No , typically life insurance is not subject to probate as life insurance has a stated beneficiary . If the beneficiary of a policy is listed as `` estate '' then the proceeds would become part of the probate process . For most people a stated beneficiary is enough to keep policy proceeds out of the probate process .


Input: How Can I Find Out If Someone Had Life Insurance?

Output: This question often comes up when a family member dies and the policies are believed to exist but can not be located . There is no centralized database but there are ways to track down lost life insurance policies . Start by looking through all paperwork , receipts , annual statements , bank statements , checkbooks , calendars , address books , etc. . In the latter , look for , and contact , professional advisers e.g. life insurance , tax , legal , financial adviser or planner . Check the mail for the coming months for billing statements . Ask companies providing home , auto , health or other insurance coverage if life insurance was also held there . Contact your state 's insurance department and check the website for resources for locating lost policies . Some states have set up policy locator services . Also check the state 's unclaimed property databases . The MIB -LRB- Medical Information Bureau -RRB- is also a way to locate policies issued since 1996 from the insurance companies who are MIB members . There are also a few businesses who charge a fee to do this research for you .


Input: Can My Home Insurance Company Drop Me?

Output: Yes it can but for very specific reasons that are filed and approved by your state 's Insurance Department . Just like a company offering new coverage provided that you and your property meet filed underwriting guidelines , if while your policy is in force , you or your property no longer meet those guidelines for reasons such as prior losses , foreclosure , property abandonment , failure to pay your premium or other approved reasons , your company can either cancel mid term or non renew .


Input: Can My Home Insurance Company Drop Me?

Output: Unfortunately , the homeowners insurance company has the `` right '' non-renew your coverage each year they renew the policy . It depends on your specific state if they can drop you mid-policy or not . They normally ca n't drop you mid-policy unless they discover a material misrepresentation by you . They can drop you for non-payment , but for a claim they can only non-renew your policy . If you have additional questions please let me know .


Input: If I Have Full Coverage Insurance And I Drive A Borrowed Car Without Insurance Am I Covered If I Get In An Accident?

Output: Yes if you were driving an uninsured auto then your insurance will become primary . Since the owner of the vehicle did not have coverage and you were the driver anyway I can see why the other party is coming after you . I would assume you would open a claim with your current insurance company and they will take it from there .


Input: If I Have Full Coverage Insurance And I Drive A Borrowed Car Without Insurance Am I Covered If I Get In An Accident?

Output: It is always best to check with your Insurance Professional about the extended coverage in your particular policy , but in general , yes , you would be covered in that situation with the same protection provided in your policy . That having been said , it is also important to understand how or if your particular state law deals with driving uninsured vehices . In many states , it is required that one maintains insurance on a registered vehicles . If insurance is cancelled , the state will follow up and cancel the registration on that vehicle . So , be careful because in your scenario , if there is no insurance , it is also quite possible that you would also be driving an unregistered car as well .


Input: How Much Is Motorcycle Insurance On A 250CC Bike?

Output: Like other things relating to insurance , there are many factors that affect the rate one pays . Your location , driving record , possibly credit history and the number of other policies you have with your insurance company can all play a role in the final premium determination . Likewise the year of the bike may be a factor . So in general , it may be possible for an older bike with only liability coverage to pay $ 100.00 or less a year , and on a newer bike with both Comprehensive and Collision added , a bit more than that .


Input: Does Renters Insurance Cover Loss Of Use?

Output: Yes , Renters Insurance pays for Loss Of Use in the event you can not live in your rental unit because of a covered peril . The limit of insurance is 30 % of whatever the contents limit is . For example , if you purchase $ 50,000 of contents coverage , your limit of insurance for Loss Of Use is $ 15,000 . If you want more , you can buy more . I hope I 've answered your question . If not , feel free to call , fax or email me . Kevin P. Foley , CPA , CPCU PFT&K Insurance Brokers T 877-414-2031 F 877-405-3025 E kpfoley -LSB- at -RSB- kpfoley -LSB- dot -RSB- com W www -LSB- dot -RSB- kpfoley -LSB- dot -RSB- com


Input: Is Medicare Advantage Right For Me?

Output: Medicare Advantage -LRB- MA -RRB- are good plans if you are in good health and not using a lot of medical services . In Alabama where I practice MA Plans have high out of pocket cost for people with serious or chronic health problems , as much as $ 6700 in a calendar year . The problem I see with MA Plans is that people start out using them when they are in good health but once your health changes and you have to use your MA Plan more and more you become unhappy with your out of pocket cost for Medicare covered services . If you become unhappy with your MA Plan and want to switch to a Medicare Supplement you may not be able to if you have serious health problems or you may pay a much higher premium because of your health . My professional recommendation is to get a Medicare Supplement even if you are in good health because you need a Medicare Health Plan that not only meets your needs today but will continue to meet your needs as you get older and your health care needs change . If you wait until you need a Medicare Supplement because your health has changed you may not be able to . Insurance companies that offer Medicare Supplement Plans can and do turn down people that have serious pre-existing health conditions .


Input: Is Medicare Advantage Right For Me?

Output: The short answer is that it depends on what you are looking for . Most Medicare Advantage plans have either $ 0 premium or very little premium per month . Everyone likes free or is it really free ? One of the biggest things to look for in a Medicare Advantage plan is the `` max out of pocket cost '' which can be as high as $ 6,700 per year . There is also a network so you would need to make sure you see doctors within that network . The benefits on the plan can change from year to year as well as the network itself . The best thing to do is to compare a Medicare Advantage plan and a Medicare Supplement plan -LRB- Medigap plan -RRB- to determine what is best for you . A Medicare Supplement plan will have a monthly premium , however , the `` max out of pocket costs '' can be zero or close to it . There is also no network and the benefits ca n't change with a Medicare Supplement plan . A lot of people who have a Medicare Supplement plan like the idea of being able to budget monthly for the expense and not have to worry about a big medical bill coming unexpectedly . Contact an independent agent that specializes in Medicare plans and they will be able to review all your options with you .


Input: When Should Homeowners Insurance Start?

Output: Homeowners insurance should start the day that you take ownership of your house . For most people its the closing day on the sale of the home . Homeowners policies renew annually after that . Do n't wait until the last minute to get your homeowners insurance setup because it could delay the closing date on the house .


Input: When Should Homeowners Insurance Start?

Output: As soon as you have an insurable interest , which for a newly financed purchase is the day you close your loan . If you are changing coverage from one insurance company to another , make sure your new agent binds coverage at 12:01 AM on the day your previous policy is canceled to ensure there is no lapse .


Input: When Should Homeowners Insurance Start?

Output: Alex is right - the day you take ownership of the property . Sometimes the underwriting process can take a few days so you should allow one week to get things in order . If the insurance company is going to inspect the property as part of the policy conditions , this can even take up to a month to get the results back . Also , in PA most policies will start at 12:01 AM so if you are changing insurance companies make sure you keep this in mind .


Input: How Do You Estimate Home Insurance?

Output: When you buy a home there are 3 numbers that come into play . The first number is the market price or purchase price . The second number is the assessed value which is what your taxes are based on . The third number is Replacement Cost which is the number used to insure your house . When insuring any home you need to make sure you have enough coverage to rebuild the structure . You do n't have to insure the land because if the house burns down the land is still going to be there . Replacement Cost for older homes is often the highest number because of the cost of materials and craftsmanship .


Input: Is A School Bus Is Hit By Another Bus In A Parking Area, Is The Driver Of The Backed Into Bus Covered By Insurance?

Output: Based on my knowledge as a claims adjuster and as an agent , the owner of the bus which I assume is a commercial entity has a commercial policy . It is unknown if the buses are covered for physical damage on the policy . It has been my experience that if there is a large fleet of vehicles , physical damage for each vehicle is usuallynot included on the policy due to the expense . The best person to discuss this with is the risk manager or the agent for Company .


Input: Is A School Bus Is Hit By Another Bus In A Parking Area, Is The Driver Of The Backed Into Bus Covered By Insurance?

Output: I am puzzled by your statement `` one can not damage their own property and submit a claim '' . What happens then if someone runs a stop sign or a red light and hits another car and the guilty party is charged with failure to yield right of way '' . This scenario probably happens once a day in every state and I was unaware that West Virginia has such out of touch insurance laws . I thought the driver could have his company , subject to the deductible , repair his car . The real question in your scenario is the school district best advised to file a claim because their Commercial policy is going to have to pay the claim on both sides of the equation , Also , the driver of the bus has no legal standing because he is driving the school district bus with the permission of the school district but the school district has the right to file or not to file


Input: Can I Get Car Insurance Over The Phone?

Output: You can get car insurance over the phone and quickly get coverage . An experienced broker is your best resource that will help you find the best rates and companies that are willing to take information by phone instead of through fax or in-person . LIVE answer provided by : Ed Harris - Premier car insurance broker for 33 years and owner of several of the nation 's top-rated auto insurance websites .


Input: Can I Get Car Insurance Over The Phone?

Output: That is a great question ! Yes , you certainly can , but I do n't know really that I would . Maybe I 'm old fashioned , but I like to know the people that I am going to trust the safety of my family to . I want to be able to put a face to the name , and know something about them . I have found that things work a little more favorably when my agent is my friend , and I 'm not just another name . Thanks for asking !


Input: What Type Of Retirement Plan Should I Have?

Output: What retirement plan should you have ? One that you will contribute to consistently . It is n't so much the plan as it is the effort to put money aside and simply leave it alone to let it work . As far as plans go there are tax advantaged plans for both individuals and employees in a business situation . If your employer offers a plan , especially one where they contribute to your account , participate .


Input: What Type Of Retirement Plan Should I Have?

Output: Selecting retirement plans can be a daunting task . But here are a few considerations that may help in your decision making process . Does your employer off a defined contribution plan like a 401 -LRB- k -RRB- and do they match all or part of your contribution ? Is , you should elect to enroll in that plan . If youre self-employed , you may want to consider either a Roth IRA or traditional IRA . If you have serious income you may want to review SEPs .


Input: How Much Whole Life Insurance Is Enough?

Output: Whole Life Insurance is designed to be in force when you die . Establish the lowest amounts that you want to pass to those that you love and make that your life insurance base . Use a permanent or whole life policy to meet that requirement . For shorter obligations use term insurance if you can not afford the whole life .


Input: How Much Whole Life Insurance Is Enough?

Output: It depends on individual or family circumstance . A better question is how much life insurance is enough ? Remember one reason for Life Insurance is income replacement . Having enough life insurance to ensure a family is protected is usually the best place to start . A term life insurance contract typically provides a large death benefit with a low premium payment . Provide peace of mind knowing your family will be protected then decide if and how much Whole Life Insurance is enough . The term Whole Life means you will be paying premiums your entire , or `` Whole '' life . Having too much Whole Life Insurance might be an issue if the primary breadwinner loses his or her job and can no longer afford making premium payments . This is where Whole Life can be costly . When considering the purchase of Whole Life Insurance it is a long term , risk adverse strategy . Make sure you are able to make premium payments for at least 10 to 12 years regardless of job loss , increase in expenses , etc. . All the risk is transferred to the insurance carrier and the interest crediting provides a guarantee . Plus there is usually a ` dividend ' or return or premium . The only thing the insured needs to do is make sure they make the premium payments . There is no flexibility with these premiums , like Universal Life Insurance . It generally takes a long time to build cash value . For standard products and level premium schedules the break even point for premiums paid equaling cash value accumulation is generally 10-12 years . Always ask your agent questions if you are unsure of how life insurance products work .


Input: How Much Whole Life Insurance Is Enough?

Output: It will depend . Whole life insurance is designed to stay with you your whole life . Two distinct advantages to whole life is -LRB- 1 -RRB- premiums are fixed and never increase -LRB- 2 -RRB- there is a cash value build up within the policy . The amount of insurance you need will depend on a variety of factors including -LRB- 1 -RRB- your purpose for wanting insurance -LRB- 2 -RRB- what you want to see insurance accomplish once you are gone -LRB- 3 -RRB- the other assets you have in addition to insurance -LRB- 4 -RRB- do you need cash value or are you seeking pure insurance ? The best way to answer this question is to contact an agent and let him go over with you the particulars of your situation and then develop a plan to help you achieve your goals .


Input: How Much Is Renters Insurance A Year?

Output: Renters Insurance is by far one of the most cost effective insurance policies available , and can be purchased for as low as $ 10 a month or less . The cost varies based on several key factors . First , the amount of Personal Property coverage the insured requires . To choose the amount of coverage that is right for you , consider the Personal Property coverage would protect every item you brought with you or purchased since you moved into the location . Second is the amount of Personal Liability coverage the insured requires . This portion of the policy protects the insured should they be held liable for personal injury to someone else or to another individuals property . The third factor would be type of coverage , with the choice between Contents Replacement or Actual Cash Value . In a nutshell , Actual Cash Value policies pay LESS per item for any loss , since they factor in depreciation and current value of an item , where Contents Replacement only considers how much was spent on the item to purchase it originally . Finally , the amount of deductible on the policy will also play a role in determining how much the insured will pay per month . The higher the deductible , the lower the monthly payments .


Input: Can Car Insurance Companies See My Driving Record?

Output: Autoinsurance companies must see your driving record in order to properly rate your auto insurance policy . Once a quote has been offered an agent will ask your permission to run your motor vehicle record in order to validate the rate . Should any violations or accidents show up on the record that were not disclosed the rate would be adjust accordingly . If you are with an existing insurance provider the carrier will usually run your record on an annual basis to see if there is any activity and adjust rates accordingly or possibly chose not to offer a renewal due to high activity on your driving record .


Input: Can Car Insurance Companies See My Driving Record?

Output: Car insurance companies can see your driving record when you grant permission . Typically , when you apply for coverage , you give your consent for the insurer to check your MVR and other possible accident information . . The information is used to help determine the rate you pay and what discounts you may be eligible for .


Input: Does My US Health Insurance Cover Me Abroad?

Output: Most US based health insurance plans have out of country coverage . Keep in mind that provider network rules do not apply when traveling out of the country and in some cases you may be required to file your claim directly with the carrier so you can be reimbursed for your out of pocket expenses . When traveling outside of the US , even for a short time period , it is wise to consider international travel insurance to supplement your existing health plan . In addition to covering some of your deductible and other out of pocket expenses , a good international medical plan will cover things like med evac , return of mortal remains and translation of medical records . These items are almost never covered by traditional health insurance plans .


Input: Who Qualifies For Medicare Hospice?

Output: To qualify for Medicare hospice , the person must have Medicare Part A , be diagnosed as terminally ill by a Medicare qualified physician and by the hospice medical director -LRB- terminally ill is described as having less than 6 months anticipated to live -RRB- , sign a form choosing hospice over other Medicare services , and receive care from a Medicare approved hospice program . The hospice benefit includes two 90-day hospice benefit periods followed by an unlimited number of 60-day benefit periods . If the patient decides to get treatment to cure his/her illness , hospice care is not covered . However , hospice does provide treatment for pain and symptom relief .


Input: What Happens When Life Insurance Policy Matures?

Output: When a life insurance policy matures , the face amount of the policy can be paid to the beneficiary -LRB- if maturity occurs due to death of the insured -RRB- or to the policy owner -LRB- if maturity occurs due to the cash value reaches the amount of the death benefit , or endows -RRB- .


Input: What Happens When Life Insurance Policy Matures?

Output: Assuming that the question is referring to when a permanent life insurance policy matures , it depends on the type of life insurance and the policy owner activity that preceded the maturity date . But in general terms , at maturity , all policy gains are characterized as ordinary income and taxed accordingly . Any outstanding policy loans received by the policy owner are characterized as ordinary income and taxed accordingly . Any internal loans cause by the cannibalization of cash values to pay annual policy loan interest are also characterized as ordinary income and taxed accordingly .


Input: What Happens When Life Insurance Policy Matures?

Output: The word mature means that it has reached completion . If a whole life policy matures the requirement for premium payments ceases . The death benefit will be paid on the death of the insured . If the policy has also endowed , the face amount would be available for the insureds personal use . Taxation is a technical subject but generally , the proceeds are income tax free except to the extent that they exceed the amount of all the premiums paid .


Input: Is Long Term Care Insurance Worth It?

Output: When you consider that the average married couple will spend around $ 250,000 during their retirement years is it worth it to protect against that probable event ? A married coupled age 60 with standard health will pay around $ 300 a month for long term care . Is that worth it ? Some consumers object to long term care because they may never use it , so they lose it . There are alternatives with life and annuity products that offer living benefits , in this case long term care , that may have cash value results if the living benefits are used .


Input: Is Long Term Care Insurance Worth It?

Output: Here is something I present to my clients when we come across this issue : With a monthly premium of $ 200 , and with an annual benefit of $ 48000 , with the benefit inflating annually by 3 % , we get these numbers : Two years of premiums in , the benefits paid out will equal that amount in two months ! Five years of premiums will be matched by three months of benefits paid out , with 10 years of premiums being paid back in five months of benefits . 20 years of premiums come back to you in a manner of 7 months of benefits paid out . So , in a nutshell ... should you need long-term care , and there is some data suggesting that you might , having some protection in the form of such a policy will give you options on where to go as well as provide a safety net for your assets that you worked so hard to amass at that point .


Input: Is Long Term Care Insurance Worth It?

Output: If the insured person uses the benefit at some point , long term care insurance is worth it . That is why premiums are going up , because the amount spent on policies up to now is not keeping up with the amount of payments made out . Some people get a policy that pays only a partial payment , and if family members are unaware of that , they may feel that the policy was not worth it . But they must take into account that it fit their loved one 's budget , and paid out as stated in the contractual agreement . It is important to get advice on what features you select in a long term care policy , so that it will have the optimum value to you , if needed .


Input: Is Long Term Care Insurance Worth It?

Output: The # 1 retirement risk is living too long . Life expectancy is extending into new mortality frontiers . New longevity risk will impact retirement accounts . But living longer will also increase the probability of seniors needing assisted living and/or nursing home care , an expense most seniors ca n't afford . The value proposition of long term care in the light of living longer may be significant if these trends continue .


Input: Is Employer Paid Disability Insurance Taxable?

Output: If your employer paid the premium for your disability insurance coverage , deducted that premium as its own expense , and did not impute that premium to your personal payroll , then any disability benefits collected by that employee would be considered taxable income for federal income tax purposes . Best to consult with your own tax advisor in your state of residence for that state 's specific rules .


Input: Is Employer Paid Disability Insurance Taxable?

Output: Is employer paid disability taxable ? Usually the answer is yes as your employer can write off the premium paid for your benefit . They do n't necessarily have to write off the premium , but usually they do for the tax reduction benefits for the business . The way most benefits work is you either pay taxes on the premium or you pay taxes on the benefit . The only exception at this time , is health insurance .


Input: Is An Autopsy Required For Life Insurance?

Output: No , an autopsy is n't required to get life insurance . I would think all the insurance companies will automatically decline someone if they are already dead . Now , if you are talking about a paramed ; than yes and no . Some life companies requires you to be fully underwritten for certain products while others have life insurance products without the blood work and urine test . Some even offer life insurance with just a few simple questions . It is best to talk to a licensed insurance agent to find a product to fit your needs .


Input: What Is The Best Time To Buy Long Term Care Insurance?

Output: There 's an African proverb that says , `` The best time to plant a tree is 20 years ago . The 2nd best time is Today . '' The younger you are the lower the premium so the earliest that you can buy a long term care policy the better . It 's even better when you can add a long term care rider to your whole life policy , because the premium for the rider is far less than the premium for a stand alone policy and the premium is less likely to increase over time .


Input: What Is The Best Time To Buy Long Term Care Insurance?

Output: The best time to buy is now . There is no reason to delay a purchase since the premiums increase at older issue ages as do your chances of becoming uninsurable for long term care insurance.Long term care can impact adults at any age so it is never too soon to purchase insurance for it . The average age of purchase has been falling in recent years as more people are purchasing it at younger ages -LRB- many are buying in their 40s and 50s -RRB- .


Input: What Should Be Covered Under Home Insurance?

Output: Home insurance should primarily provide coverage for the reconstruction of the dwelling -LRB- house -RRB- in the event of a covered loss ; however , there are many other items that need to be covered in the event of a loss . It is usual and customary in most States for Flood and Earthquake risk to be excluded from the home insurance policy ; however , Flood Insurance and Earthquake Insurance is available even if it is with an alternate carrier . Consumers purchasing home insurance should make sure that the Dwelling , Other Structures , Personal Property , Loss of Use , Medical Payments and Personal Liability coverage is provided for on a policy.You may need some guidance regarding the limits of coverage ; you must particularly pay close attention to the Personal Property coverage since there are sub limits on every policy which apply to Jewelry , Furs , Silverware , Artwork etc. . . If you need more coverage , you may be able to purchase an optional endorsement allowing higher limits or you may need to obtain a current appraisal and purchase a Personal Article Floater -LRB- PAF -RRB- which will insure your high valued belongings . Many people rush through the insurance process later to find that they did n't spend the deserved time to review what they were buying . It is prudent to fully review your coverage at least once every 3 or 5 years .


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

Output: That depends on how quickly the requirements for proof of death are met and if there were any extenuating circumstances that would require investigation . Most companies are going to make the within a relatively short period of time . They want family members to be able to get on with their lives less financial burdens as quickly as possible . To find out how your life insurance policy is handled , call your local agent and discuss it with them .


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

Output: Life insurance claims are usually paid within a week or two after the insurance company receives the death claim and certified death certificate from the person filing the claim . If the beneficiary chooses to receive the death benefit in a lump sum , the insurance company will send them a check for that amount .


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

Output: It will normally take as little as a week or two to receive death proceeds of a life insurance policy from the time the insurer receives a claim form and the death certificate . In the event of death in the first two policy years , the insurer will need more time to investigate the claim as death occurred within the two year contestability period of the policy .


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

Output: The best time to get life insurance is while you are healthy , if you have been blessed with good health . Even your parent developing a health problem before age 65 can affect your rates . And age causes life insurance rates to go up for everyone . So now is usually the best time to get life insurance .


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

Output: The best time to buy life insurance is today . The price will probably never be lower . Your health will probably never be better ; the people who you love are depending on you . The fact that you are asking this question indicates that you are thinking about this . There isnt any other better way to provide for those that you love .


Input: What Is Flexible Universal Life Insurance?

Output: Flexible is simply an adjective used to describe Universal Life Insurance . When you buy Universal Life , or UL , you can change the premium , dump in a lump sum of money , borrow from cash value , or decrease face amount . Being able to do all these things with one policy makes it a flexible plan that can be used to meet many needs over many years .


Input: Can A Non-Family Member Be Added To My Car Insurance?

Output: That will depend on your auto insurance carrier and their policy standards . There are carriers that will persons that co-habitat to be listed on the same auto insurance policy . In some cases it may be less costly for each person to have their own policy . Contact a local agent to find out more about coverage availability and pricing within your geographic location .


Input: What Questions Does AARP Ask For Life Insurance?

Output: There are three types of policies you can get through AARP . The term policy has the lowest rates , and asks for a full health history . The permanent policy asks three questions , with multiple parts to the questions . And the guaranteed acceptance policy does not ask any health questions at all .


Input: How Much Insurance Do I Need On A Home?

Output: The amount of homeowners insurance you need on your home depends on many different factors . It is important to speak with an agent regarding your specific situation . Typically a homeowners insurance policy will cover the replacement cost of your home , any additional structures including a shed or fence , your personal property , additional expenses is case you are not able to live in your home , and some liability coverage . There are other additional coverages that may be recommended to you depending on your specific situation . It is best to speak with an agent who can help you understand what you need .


Input: Does Homeowners Insurance Cover Tree Root Damage?

Output: Damage caused by tree roots would not typically be covered under your homeowners policy . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Does Medicare Cover Urgent Care?

Output: Medicare and Medicare supplements cover treatment that is considered medically necessary . It does n't matter if your treatment is in a doctors office , clinic , urgent care center , emergency room or hospital . If Medicare considers the procedure to be medically necessary , it is covered as long as treatment is received in a Medicare approved facility .