Input: What's The Average Cost Of Homeowners Insurance?

Output: That varies considerably . However , the cost of not having a homeowners policy is easier . If you dont have a homeowners policy , your mortgage company can buy one for you . If you dont have a policy and someone sues you because they hurt themselves on your property , you get to pay all the legal costs and perhaps the full amount of a judgment . If you house burns down and you dont have a policy you will only have memories , and perhaps and on-going mortgage . The price of a homeowners policy has many variables and you should discuss it with an agent that you trust .


Input: How Long Can I Go Without Auto Insurance?

Output: In California we are obligated to be financially responsible as defined in the law . We are not required to have insurance . We must be able to demonstrate that we can meet all the expenses of an accident regardless of our guilt or innocence . Insurance is the most efficient way to meet this requirement . The potential losses in an accident can be staggering .


Input: How Long Can I Go Without Auto Insurance?

Output: If you do n't own a car that is registered in your state , indefinitely . However , in most if not all states , if you own a car and register it for use on public roads and highways , having insurance is a legal requirement . Without it , States can impose fines and cancel registrations . If you have a lien or a lease , the finance company can repossess your car . Short answer , not long . Best answer if you have a car and privileges you want to keep , do n't go without for any length of time .


Input: How Long Can I Go Without Auto Insurance?

Output: Assuming you own a vehicle , it is registered , and your state has a compulsory liability law , you really do n't want to be operating it without insurance . The consequences can destroy your life -LRB- not to mention the lives of other innocent folks . -RRB- Withoutinsurance for your plates/registration , your state DMV will no doubt eventually discover this in their database and let you know about it . Many states charge civil monetary penalties for various periods/days of no insurance . Many states require insurance carriers to send electronic confirmation of policy terminations.If you have arun-in with law enforcement , you 're busted . Many states will impound your vehicle in addition to possible loss of license , etc. . Your period of insurance may be just days or it could be a very long time - but that time WILL run out and probably sooner than you think . Do not let this happen . Surrender your plates and keep your vehicle off the road in a safe place -LRB- away from potential damage -RRB- until you get more insurance or dispose of the vehicle . If you have a lienholder on the vehicle , you may be in violation of your loan contract . Here comes Mr. Repo ... . Avoid this situation at all costs or you 'll be sorry .


Input: How Long Can I Go Without Auto Insurance?

Output: Insurance isnt a tax or merely a legal obligation . Because auto insurance follows a car you should have auto insurance any time you own a car . If you decide to register the car , most states will require insurance covering liability for the operation of the car . If you are going to store a car you should consider comprehensive auto insurance to protect your car from a wide range of perils .


Input: How Long Can I Go Without Auto Insurance?

Output: It is the car that needs insurance . Your state probably requires insurance if the car is operated on public roads . If there is not state requirement to have insurance on the car , you still are at great risk if you operate the car . You could be sued into bankruptcy if the car is involved in an accident , particularly if someone is injured .


Input: How Long Can I Go Without Auto Insurance?

Output: That is a great question ! The answer is until you want to drive the car . The minute you set foot into the car , you need to be insured . The penalties for getting caught as an uninsured driver are steep , and will affect your drivers record and ability to get insurance for a long time . Please do n't even consider driving without it . There are several inexpensive policies that you can purchase . Look for a local agent , and have them help you find one.Thanks for asking !


Input: Does Auto Insurance Affect Your Credit Score?

Output: generally speaking the answer is no . Insurers use credit information in-bedded in insurance scores . But it does not flow backwards as your question asks , There are two types of scores in most transactions involving credit . There are instances where the requester has to advise you that you are , are for example seeking a loan or credit card . Those are considered `` hard '' hits to your credit . By seeking that type of loan you are in fact telegraphing to others I need the money . Insurance scores typically are `` soft '' hits , that is to say they look at information but do not impact the result . i have run a couple insurers and worked for several others and I have never seen an issue with this being a hard hit


Input: Does Auto Insurance Affect Your Credit Score?

Output: Auto insurance carriers to the best of my knowledge do not currently report any information to the credit agencies . If you do not pay your premiums that are owed to complete your contract with your carrier it is possible that the carrier will turn your account over to a collections agency , which may affect your credit score .


Input: What Is The Best Medicare Part D Plan?

Output: The best Part D plan will depend on the medications you are currently taking . Since each Part D insurance company 's formulary -LRB- list of drugs covered -RRB- is different , there is no one `` best '' plan for everyone . There is a `` best '' plan for you , but you would need to speak with someone who can research the plan that covers all your medications and your preferred pharmacy . An additional note , each year formularies change . So each year you need to review your Part D plan as well as your medicare supplement plan . A good broker will help you with both .


Input: What Is A Life Insurance Dividend?

Output: For those insurance providers that have `` participating policies '' , typically mutual insurance companies , dividends are paid to the policy holders . These are based on the performance of the insurance company 's investments . With mutual companies policy holders are actually owners in the company although they do not have `` voting '' shares . So when dividends are declared by the company they are apportioned to the policy holders based on the face value and the cash value accumulated in the policy .


Input: What Is A Life Insurance Dividend?

Output: A life insurance dividend is a return of unused premium by a participating whole life company . Some detractors of participating whole life say its a return of over charged premium . Nevertheless the dividend is approved by the board of the mutual company and has many purchase applications like paid up additions for more death benefit , term riders , premium payments , etc. . Dividends can be taken in cash tax free up to basis .


Input: What Is A Life Insurance Dividend?

Output: Life insurance policy dividends can be found on policies which `` participate '' in policy holder dividends which is the divisible surplus of the carrier . These policy dividends are most often associated with participating whole life -LRB- par whole life -RRB- and can be issued by mutual or stock insurance companies . All mutuals have par policies but only a few stock companies have par whole life in their portfolios . This `` return of premium '' is made up of excess investment , mortality , expense and persistency . Dividends are never guaranteed and may be less than projected , especially in times like these where interest rates have fallen and stayed at historic lows .


Input: What Is A Life Insurance Dividend?

Output: Life insurance dividends are paid on par life insurance plans . Most par plans are some form of permanent life insurance but term policies can pay dividends as well . Dividends result from the insurance carrier `` overcharging '' you so any dividend is considered a return of premium and is normally not subject to taxation .


Input: What Is A Life Insurance Dividend?

Output: what is a life insurance dividend ? Dividends are paid out to whole life policy holders of mutual companies . Mutual companies are policyholder owned , there are no stockholders . Dividends by IRS explaination are a return of unused premium and not subject to income tax . A dividend is made up of three things , investement returns . savings from operating expenses and savings from unused funds set aside for death claims .


Input: What Is A Life Insurance Dividend?

Output: A life insurance dividend by IRS definition is a `` return of overpaid premium '' that can occur with mutual companies . Mutual companies are policyholder owned , no stock , no stock holders . What the `` dividend '' is made up of isa combination of investment returns , death claims not paid and overhead expenses not used above and beyond what the companyneeds to function and maintain reserves . The IRS considers it excess premium so it allows for it 's return to policyholders without taxing it .


Input: Can I Buy Disability Insurance?

Output: If you are working most likely you can buy income disability insurance . Depending on your health it may be more or less costly . And if you have health or injury conditions currently , those may be completely excluded or excluded from coverage for a period of time . There are a number of factors that play into what you will have to pay for insurance and what may be excluded from coverage , so be sure to ask the relevant questions when you are applying .


Input: Can I Buy Disability Insurance?

Output: Please note that disability insurance underwriting is not the same as it once was . Most carriers now offer simplified underwriting , meaning a client under a certain age -LRB- usually 50 -RRB- can apply for DI without having to submit financials or a paramedical exam . They might still request medical records , but that 's only if substantial medical history is listed on an application . Also , do n't forget that occupations that are difficult to place can more often than not be placed through Lloyds of London or Fidelity .


Input: Can I Buy Disability Insurance?

Output: Can you buy disability insurance ? It 's actually going to depend . Disability Insurance is offered in different forms with different benefits and payouts depending on the occupation . So depending on your occupation , you may be able to purchase disability . Now for the really hard part , qualifiying for a disability plan . Underwriting is extremely tough for disability coverage , especially for good coverage . If you 're healthy and are thinking about DI , do n't wait till your first accident or illness to try and purchase .


Input: Can I Get Health Insurance For My Family For Under $100 A Month?

Output: Get health insurance for under $ 100 per month . Get health insurance coverage for $ 1 per month ! Is it possible ? Thanks to the Affordable Care Act legislation , if you qualify for a federal subsidy , it is indeed possible to find a plan that has rates completely offset and paid by the subsidy .


Input: Can I Get Health Insurance For My Family For Under $100 A Month?

Output: Your only hope of getting true major medical insurance for a family of 4 and keeping your costs under $ 100 per month would be through the government health insurance marketplace and being at an income level that would qualify you for a very substantial advanced premium tax subsidy . Because Obamacare compliant health insurance plans are age rated I ca n't do an exact calculation without everyone in your family 's date of birth . But , I would estimate that your family 's Modified Adjusted Gross Income for 2014 would have to be below $ 35,000 for you to get into the net cost range you are looking for .


Input: How Fast Can You Get Renters Insurance?

Output: How quickly can you get to your local agent ? Most local agents can assist you with securing renter insurance coverage and have it established the same day . For that to happen though you must have all of the information that is need to get a quote for coverage and the ability to pay the premium requirements set by the carrier . If there are no extenuating circumstances this process is very quick and painless .


Input: What Is A CDP Health Insurance Plan?

Output: I believe that you are asking about a CDHP or Consumer Driven Health Plan . CDHP 's are generally structured as a high deductible health insurance plan , a individually controlled health account , free preventive care , and accessible resources of health information . CDHP 's require individuals participating to take ownership of their healthcare spending through educated healthcare decisions .


Input: What Does Disability Insurance Do?

Output: Disability insurance is also known as paycheck insurance as it protects your most valuable asset ... your paycheck or income . Your income is what you use to buy all of your other assets ... house , car , college , retirement so it is the overall most important asset . If you can not work because of illness or injury , a disability insurance policy will pay you a benefit . Disability insurance policies have many options -LRB- called riders -RRB- , so it is important to discuss this purchase with a knowledgeable adviser .


Input: What Does Disability Insurance Do?

Output: What does disability insurance do ? It protects your standard of living . You can insure your income for a short time or a long time depending on what you want to spend and your needs . Disability insurance simply creates a pool of money every month for the insured to do with as they want to . It is known as paycheck protection .


Input: How To Find Your Policy Number For Health Insurance?

Output: Your policy will generally cite the policy number somewhere on the first couple of pages - you can also find it on your ID card . The way a policy number is cited is going to vary from carrier to carrier - it features a series of letters and/or numbers . It 's commonly seen about 6-8 digits in length , but can be longer if the carrier chooses to do so . You can also contact your policy 's agent or contact the carrier directly to look it up for you .


Input: What Does Standard Home Insurance Cover?

Output: Standard is arbitrary amounst the different companies . Almost all homeowners insurance will provide coverage against fire , smoke , storms , and explosions along with personal property and some loss of use . Typically the insurance company will try to cover the home to the valuation that it would be to reconstruct home today . To know exactly what is covered under your policy it is recommended that you read it completely or contact your local agent and have them explain the coverages and exclusions within your policy .


Input: Why Are Life Insurance Premiums Taxable?

Output: Life insurance premiums outside a qualified plan are generally paid with after tax dollars . There are strategies that use life insurance like a 412 -LRB- e -RRB- plan or limited use in contribution plans , i.e. participating whole life insurance at 49.5 % of contributions or universal life insurance at 25 % of planned contributions .


Input: Is A Life Insurance Trust A Living Trust?

Output: When talking about a life insurance trust , most people are referring to an irrevocable trust set up for tax purposes . While a living trust is simply a trust made while the grantor is living , when most people refer to living trusts they are referring to revocable trusts . A life insurance trust is usually a living irrevocable trust : set up during the grantor 's lifetime but unable to be changed or revoked .


Input: Who Is The Best Home Insurance Provider?

Output: Your Insurance is only as good as your agent . Cheap rates does not mean the carrier is n't any good but they key is to make sure that you are covered properly and protected . I have seen time and time again that an agent will sell you something with the wrong value of your home all because they wanted to keep your business . I have use many carriers to compare rates with and Mutual companies on many occasions can cost much less . Please make sure to talk to an agent and make sure you are using a replacement cost for your home this is not the same as a appraisal that you get from the bank . Service is another thing to think about example . Our agency answers the phone 24/7 Make sure that your not stuck calling a 800 number for claims when you have a loss . Nothing is more frustrating then dealing with a loss and being told oh call this 800 number and they will take care of your claim . If your agent is n't filing the claim and actively calling your adjuster and making sure that you and your needs are taken care of then I would look to see what works best for you . Are you shopping for just the rate or are you looking for a carrier and an agent that will be there when you need it .


Input: Who Is The Best Home Insurance Provider?

Output: The best home insurance provider could be one of several reputable insurers . State Farm ? Nationwide ? Allstate ? Geico ? Farmers ? Confusing is n't it ? Since there are a dozen answers -LRB- or more -RRB- to this question , there is only one solution . Utilize an experienced broker and allow them to shop , research , compare and show you the lowest rates and best coverage for your home . It wo n't cost you anything and you 'll save time , money and plenty of aggravation . I know it 's true because clients tell me that every day !


Input: Does Renters Insurance Cover Laptop Damage?

Output: The laptop would only be covered if the damage was due to a covered peril , such as fire , theft , vandalism or other named perils in your policy . If the laptop was damaged because you dropped it then it would not be covered . Check your policy or call your agent .


Input: Does Medicare Cover Caregivers?

Output: Medicare covers home health care services only if all the following conditions are met : Your doctor must decide that you need medical care at home , and make a plan for your care at home . You must need intermittent skilled nursing care , physical therapy , speech-language therapy , or to continue occupational therapy . The home health agency caring for you must be approved by the Medicare program -LRB- Medicare-certified -RRB- . You must be homebound , or normally unable to leave home without help . Medicare beneficiaries that meet these conditions have coverage for the following types of home health care : Skilled nursing care on a part-time or intermittent basis . Skilled nursing care includes services and care that can only be performed safely and correctly by a licensed nurse -LRB- either a registered nurse or a licensed practical nurse -RRB- . Home health aide services on a part-time or intermittent basis . A home health aide does n't have a nursing license , but supports the nurse by providing services such as help with bathing , using the bathroom , dressing , or other personal care . These types of services do n't need the skills of a licensed nurse . Medicare does n't cover home health aide services unless you are also getting skilled care such as nursing care or other therapy . The home health aide services must be part of the home care for your illness or injury . Physical therapy , speech-language therapy , and occupational therapy for as long as your doctor says you need it . Physical therapy includes exercise to regain movement and strength in a body area , and training on how to use special equipment or do daily activities , like how to get in and out of a wheelchair or bathtub . Speech-language therapy -LRB- pathology services -RRB- includes exercise to regain and strengthen speech skills . Occupational therapy includes exercise to help you do usual daily activities by yourself . You might learn new ways to eat , put on clothes , comb your hair , and perform other usual daily activities . You may continue to receive occupational therapy if ordered by your doctor even if you no longer need other skilled care . Medical social services to help you with social and emotional concerns related to your illness . This might include counseling or help in finding resources in your community . Certain medical supplies , like wound dressings -LRB- but not prescription drugs or biologicals -RRB- . Durable medical equipment , such as a wheelchair or walker . Food and Drug Administration -LRB- FDA -RRB- - approved injectable osteoporosis drugs in certain circumstances . Currently , Medicare does not cover -LRB- does not pay -RRB- for any of the following : 24-hour-a-day care at home ; Meals delivered to your home ; Homemaker services like shopping , cleaning , and laundry ; and Personal care given by home health aides like bathing , dressing , and using the bathroom when this is the only care you need . Most of the time , your doctor , a social worker , or a hospital discharge planner will help arrange for Medicare-covered home health care . However , the decision on which home health care agency or worker belongs to the patent .


Input: What Happens To The Cash Value Of Life Insurance?

Output: Cash value in life insurance helps make lifetime protection affordable and premiums level . It represents an asset to the policy owner which may be used as a source of collateral or for policy loans should that become a necessity . At death , the policy will pay tax free proceeds to the beneficiary at an amount far in excess of the cash value . If the policy cash values are removed during lifetime , it will impact the future performance of the policy and such actions should be carefully managed and monitored to ensure there are no unintended consequences . .


Input: What Happens To The Cash Value Of Life Insurance?

Output: There are several variables that will determine what happens to the Cash Value -LRB- CV -RRB- . First , as Jerry was saying , in the later years or life of the policy , the Cost of Insurance -LRB- COI -RRB- exceeds the premium you are currently paying -LRB- which hopefully has been level since you purchased it -RRB- . When this happens , the premium would need to increase to keep up with the cost however when there is CV , this is used to pay the difference . Ideally , the crediting rate on the excess funds is enough to provide you with growth even while paying the additional premium . When you take a withdrawal or loan , this effects the CV as well . With a loan , keeping this simple , the death proceeds will be reduced by how much the outstanding loan is . A withdrawal will generally drop the death benefit immediately . When there is enough crediting interest , even with loans and withdrawals , we have seen policies continue to grow . Jerry said it well , Life Insurance is an Asset for you to use . Last , if you have your policy designed with an Increasing Benefit , usually called `` option b '' , the CV will be included into the death benefit . This is one what to stay ahead of inflation especially when you are expected to live a long life .


Input: How Much Does Renters Insurance Run?

Output: Great question . Renters insurance cost very little per month . A typical policy will run you $ 120 a year . It covers you if you are renting an appartment , condo or a house . It covers your personal property for theft or fire . A good Idea to get this policy right away if are a renter .


Input: How Much Does Renters Insurance Run?

Output: Great Question . On the most part renters insurance cost depends on the coverage you pick . For the most part around $ 15 to $ 20 a month . You can also get a discount if you buy the policy from your current auto insurance provider they can offer a package discount to you .


Input: Why Were Medicare And Medicaid Created?

Output: Medicare was created to help pay for health costs for the aged population , because at that time , people over 65 were having a very difficult time finding health insurance . Medicaid was created to assist very low income people -LRB- especially children -RRB- with medical expenses . Both were signed into law in 1965 .


Input: How To Find Out How Much Life Insurance Someone Has?

Output: If you are asking about a living , breathing person and you have no ownership in the life insurance policy , then there is no real way for you to find out other than ask them and hope they will tell you . If the person has already died and you are trying to find out if there is life insurance , you should start by looking at their checking account records . A bank draft from a checking account is usually the way it is discovered . The listed beneficiary will be able to get the information from the insurance company once they provide a certified death certificate .


Input: Is Life Insurance Exempt From Estate Tax?

Output: No , Life Insurance is not exempt from state or federal estate tax unless it is of an amount that is exempted by law . That amount varies by state for state estate taxes , and a few states do not have state estate tax -LRB- or inheritance tax -RRB- at all . The limit in 2013 for federal estate tax is $ 5,250,000 . If the estate is larger than that with life insurance proceeds included , federal estate tax will be owed on the amount that is not exempt . Life insurance that is properly set up in an irrevocable life insurance trust is not subject to estate tax .


Input: How Do You Renew Term Life Insurance?

Output: That is a great question ! First you sit down , because when your agent tells you how much higher your premium payment is going to be each month , you will be happy that you did . All you need to do is tell your agent that you want to renew . They will be happy to make that happen for you , because they are going to make a fat commission off of you . Expect your premium to rise roughly 110 % each year that you renew it . Unless there is a health reason that precludes you from being able to get insurance , you are probably better off just getting a new policy altogether . I hope that helps , thanks for asking !


Input: How Do You Renew Term Life Insurance?

Output: This one is easy to answer : do nothing . Yes , thats right . Virtually all term policies these days are guaranteed renewable . This means that you will retain coverage without going through underwriting again . So when it renews , you will get a bill for the renewed rate . Or , if your policy is on automatic bank draft , the renewal rate will be deducted from your bank account . Next question : what will the renewal rate be ? The thing is , you wont know until the policy renews . You will note on the data page of your policy that guaranteed maximum renewal rates are illustrated . These numbers can be very scary because they represent worst-case scenario rate increases . The actual renewal rates are determined when the contract renews , not when it is issued . Fortunately , actual renewal rates typically dont come close to these guaranteed maximum numbers . But they can be high . Once the premium guarantee period is over , the policy can renew at a rate much larger than the original premium . If the insurance carrier needs cash , or wants to bolster its reserves , or for any other reason wants more money , renewal term premiums are a good way to get it Is this bad ? Is this good ? It all depends . If the insured unfortunately has cancer , or some other very serious high risk factor , then even that high rate might seem like a bargain . If you still need life insurance , and you cant qualify for a better deal elsewhere , then even if you pay much more money in premium , the death benefit can still be worth it . But if fortunately you are healthy and do not have high risk factors in your lifestyle , then you just might qualify for a better rate with another company . Go for it ! Just make sure you get prequalified so you know before applying that the change would be in your favor . And very important : dont drop your current policy until the new one is in force . You want to avoid a gap in coverage .


Input: Does Northwestern Mutual Drug Test For Life Insurance?

Output: Northwestern Mutual is the `` Quiet Company . '' Very reputable and they have a few very good options for consumers . Depending on the face amount , they will either ask about drugs , test for drugs , or both . This is not any different than many other major insurers . For high face amounts , drug testing of some kind is expected .


Input: What Makes Life Insurance Void?

Output: Life insurance coverage is underwritten in a due diligence matter to discover any outstanding medical issues or questionable activities to properly price the premium . Any misrepresentations , misstatements or material omissions can lay the ground work for fraud resulting in a claim denial . If suicide occurs during the convertibility period the claim would also be subject the claim void .


Input: What Makes Life Insurance Void?

Output: Not paying the premium is the most common way of making life insurance void . There is a one month grace period after the premium is due for a term policy . If not paid by the end of that month , the policy will lapse and would not pay out the death benefit if death occurred . Permanent policies can use cash value to pay the premium , but you need to set the policy up that way . Suicide will void a life insurance policy if it occurs during the first two years of the policy . So will death due to illnesses or other risk that were present and known about at the time of filling out the application , but were left out or lied about on purpose . For the policy to be void , death generally must occur within the first two years due to a cause related to those misrepresentations or omissions .


Input: Can Medicaid Recover Life Insurance Proceeds?

Output: If you are on medicaid and cash out a life insurance policy and the amount you receive is more than what they allow you to have as considerable income , then you will get cancelled from medicaid . Same true if you are a beneficiary on someone else 's policy . I believe with medicaid , you can not have more than $ 2000 in countable assets .


Input: How Long Does It Take To Receive A Life Insurance Check?

Output: Normally , it can 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 contestablity period of the policy .


Input: Can I Drop My Group Health Insurance At Any Time?

Output: If you are contributing towards the cost of your health insurance through your employer -LRB- and most people are these days -RRB- and if those dollars are being taken out of your paycheck on a pre-tax basis that is an indication that your employer has an IRS Section 125 plan in place -LRB- which is extremely common -RRB- . There are tax advantages to both the employee and the employer for using a Section 125 plan as it saves both of you money . However , one of the catches is that you are essentially locked into your plan selection until the next open enrollment period at your employer . So , this generally prevents an employee from changing their coverage status outside of the annual open enrollment period . There are exceptions allowed for what are referred to as change of life status events such as getting married , divorced , having a child or loss of other insurance coverage . If your employer does not have a Section 125 plan in place and is not paying 100 % of the premium cost for their group health insurance then you would not be prohibited from dropping your coverage .


Input: Can I Drop My Group Health Insurance At Any Time?

Output: Can you drop your employers health insurance at any time ? Well , it will depend on the plan options . Usually in the case of financial hardship a person can waive off a health plan . But if you were to do this , you can not return until the plan renews or offers a open enrollment period .


Input: Can I Drop My Group Health Insurance At Any Time?

Output: You may be able to drop your group insurance , depending on your employer , and the provisions of the policy . However , often , you are required to keep coverage until the next Open Enrollment , which is typically towards the end of the year . It is possible that your plan may offer exceptions that allow you to terminate coverage . You can check with the HR Department of your employer , and they will be happy to review your benefits and contract , and make a determination regarding canceling the policy . An IRS Section 125 plan is often utilized by employers , which may involve tax-favored dollars used to pay premiums . In these situations , as earlier mentioned , early cancellation of the policy may be a bigger challenge . Keep in mind that if you end benefits , you may not be eligible to obtain a subsidized Marketplace plan since you voluntarily ended your health insurance coverage . This question was answered by Ed Harris , one of the nation 's premier health insurance gurus with more than 34 years of experience .


Input: What Is The Law Behind Keeping A Totaled Car?

Output: Many insurance companies will allow you to buy back a vehicle which they have declared to be a total loss . The key is to let the insurance company know immediately that you want to retain the car regardless of their decision on repairs . Once the car has been determined to be totaled it will be sent to a salvage yard and off to auction or dismantle . Once it is in that system it is difficult to retrieve the car , so let the insurance company know immediately that you want to keep the car . The insurance company will then adjust the settlement to include the value of the car in its current condition .


Input: How Do Life Insurance Companies Make Money?

Output: Li `` safe moneyfe insurance companies make money the same way your bank makes money . The insurance company uses actuaries to help them design their products to assure they are covering their costs plus sufficient profit . When you pay your monthly payment the insurance companies uses the services of an Investment manager to calculate their `` short term liquidity needs '' and then they invest the balance usually in bonds , especially for `` safe money '' companies that do not invests in stocks or other investments that carry a higher degree of risk


Input: How Do Life Insurance Companies Make Money?

Output: Life insurance make a profit by collecting more premiums than paying claims as a simple answer . This is why actuaries and underwriters design a premium per client to assess their mortality risk . If you look at overall claim stats only about 1 % of term life policies pay a claim and approximately 20 % of permanent life insurance pays a claim . Reason being most folks drop their coverage sometime during their lifetime .


Input: How To Apply For Disability Insurance?

Output: To apply for disability insurance , you correspond with an agency that will help you pick out the best plan for you . There is an application to be filled out , and then you take an exam , all similar to applying for life insurance . When approved , the first premium is due and that will put your disability insurance policy into effect .


Input: How To Apply For Disability Insurance?

Output: The first step is to investigate if short term disability is offered through your employer group plan . If not then you should go online to brokerage shops that offer several carriers , some on easy to understand spreadsheets to determine whether short or long term disability insurance is the way to go for you . It will simply come down to affordability . Keep in mind that you 're annual compensation and health history will be the two bench marks for premium pricing .


Input: How Does A Health Insurance Company Know If You Smoke?

Output: Most health companies will accept you at your word when it comes to this question . However , it is very important that you answer all questions on an application honestly and thoroughly , or your company could have grounds for dropping your coverage later , if it is proven that you provided inaccurate or misleading information .


Input: How Much Is Health Insurance For A 60 Year Old?

Output: The average cost in the country for a health insurance plan -LRB- overall -RRB- is estimated to be about $ 328 per month - however , this is only reflective upon a silver level plan -LRB- not all 2014 state figure averages are available yet -RRB- . While you can try to come up with an `` average '' cost , there 's too many factors that go into premium pricing to say how in relation that compares to an individual as compared to the overall group . In short , an `` average '' premium is a rather useless figure to the individual . It 's only representative to a large group - you could have people paying a small nominal amount -LRB- after factoring in subsidies -RRB- per month to several thousand dollars per month . Even for that there 's a ton of information to sift through to get an accurate representation . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age and zip codes are big factors as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . I always recommend consulting with an experienced broker regarding your personal health coverage . We can work with you to look at a wide range of options from many of the top carriers in the industry and find the plan that 's going to be best suitable for your needs . Please let me know if I can be of further assistance . Thanks very much .


Input: How Much Is Health Insurance For A 60 Year Old?

Output: Health insurance on a 60-year old can be very affordable ... if you shop the right way ! Perhaps as low as $ 50 per month ! -LRB- with subsidy -RRB- As an experienced broker -LRB- 33 years of experience -RRB- , our job is to help consumers . I 'll keep my answer short and to the point . The cost depends on your age , where you live and the type of plan you choose . It takes about 90 seconds to calculate the rate , which will be helped if you qualify for a federal subsidy .


Input: How Much Life Insurance You Should Buy?

Output: Each person has different needs and situations that make it impossible to answer this question definitively . You need to analyze things like final expense needs , debt , income , assets you wish to protect or pass to your heirs , estate issues , estate taxes if any , and a variety of factors based on your situation . Sit down with a good agent and have him do a complete fact find and estate analysis to come up with an affordable plan that covers your needs .


Input: Where Can I Get Long Term Disability Insurance?

Output: Most agents that sell Life Insurance can also sell Disability Insurance , although not all Life agents are comfortable doing so . You can visit websites or call around to find an agency that is strong in Disability Insurance . They should carry more than one product so that you can compare and get the best price .


Input: Where Is Medicare Funded From?

Output: That is an excellent question !! Medicare is managed by a department of the Federal Government called the CMS - the Centers for Medicare and Medicaid Services . It falls under the wing of the Department of Health and Human Services , and it manages the trust funds that fuel Medicare and Medicaid . There are two trust funds - one that is funded by payroll taxes , and by other taxes , investments , and earned interest . The other one is funded by Congress , premiums paid on Medicare B and D , investments and interest earned . Congressional cuts to the programs have hurt one fund , and the one that is funded by the payroll taxes is in danger of becoming underfunded within the next 20 years -LRB- 2029 , last estimate , with the additional funds culled from excesses in the program recaptured by the Affordable Care Act , AKA Obamacare - without them , 2024 -RRB- because the workforce is steadily shrinking -LRB- less collected tax -RRB- as the number of senior citizens eligible for Medicare and Medicaid increases -LRB- approximately 10,000 people turn 65 daily -RRB- . It does n't help that the Government in the past has raided the Social Security and Medicare trusts to fund other things that they felt were more important . I hope that that answers your question , if you would like more detail give me a buzz , and I 'll give you more . Thank you for asking !


Input: Does Medicare Pay For Skilled Nursing Care?

Output: Medicare Part A will pay for a SNF -LRB- skilled nursing facility -RRB- stay but only under certain conditions . You must first have a hospital inpatient stay of at least 3 days as an inpatient . Following that your doctor must indicate you need additional nursing care in a SNF environment . You must be discharged from the hospital to the SNF before Medicare will pay .


Input: Is Life Insurance Good For Estate Planning?

Output: YES ! Life Insurance is GOOD for Estate Planning . This is a pretty hot topic right now with my clients . Keeping this relatively simple , Life Insurance can provide liquidity for taxes , to prevent fire sale situations of property and assets , and to equalize bequests in illiquid estates . The death benefits of life insurance are able to meet all of these demands and more . I often will ask clients what exemption amount there were using for planning purposes . This leads into a discussion of past exemption amounts and where we stand today . One thing is certain and always comes out ... we believe taxes will increase in the future so using life insurance to help provide a buffer of sorts is helpful . It is important to realize that you are planning , meaning this plan is a working plan that can change yearly versus just putting together a plan and trying to depend on it in a changing environment .


Input: What Happens To Long Term Care Insurance If Not Used?

Output: The long term care policy you have may have different provisions than others . There are multiple types of long term care contracts . However , a popular plan for a husband and wife will give the spouse free coverage for life after a period of time if the primary or husband dies . There are some policies with a beneficiary provision as well . Most long term care policies however just expire when the insureds die . This is part of the risk of owning a long term care policy . Statistically , there is a really good chance , especially females , that you will have a claim before you pass .


Input: What Happens To Long Term Care Insurance If Not Used?

Output: What happens to long term care insurance if not used ? Well , what happens depends on the policy provisions . The policy may do many things from transfer to another person , pay out a small death benefit or absolutely nothing at all . This is why the details of choosing a policy are important . The details of a LTC plan are very important , more so than price .


Input: What Happens To Long Term Care Insurance If Not Used?

Output: There are Long Term Care products combined with Life Insurance that make sense because if you do n't loose them and perish your beneficiary receives a death benefit ... so it 's not use it or loose it LTC insurance . Unlike traditional Long Term Care -LRB- LTC -RRB- with a life insurance plan your premiums do not go up ... they stay the same . Some plans allow you to have an immediate family member as the caregiver and they would receive the LTC funds . Funds can also be used for home modifications . Did you know that 70 % of claims are for Home Health Care ... not Medical Facility Care ? People want to stay in their own home as long as they can before being moved to a medical home this Life Insurance Long Term Care is a great option . This particular plan I mentioned above does not require you to submit bills . It pays out a specified amount each month regardless of your expenses . This plan is a single lump sum pay , 6 year pay or 10 year pay so you wo n't be stuck paying for life . Also , funds received can be above the allowed HIPPA Cap . Let me know if you would like more information on this Life Insurance Long Term Care plan ... or would like to see rates for your specific age .


Input: What Happens To Long Term Care Insurance If Not Used?

Output: Many people balk at the idea of paying for coverage they may never use . Long term care premiums can be very expensive , so this is a common objection and concern . You may want to consider a return of premium rider . You pay extra for the option , but it addresses the concern you raise . If you do not need long term care , the policy will return a portion of your premiums . Most carriers provide this optional rider , which all work differently . Contact an experienced agent who works primarily with this type of policy for help guiding you through the options .


Input: What Information Do I Need For Renters Insurance?

Output: Carriers will need your personal information date of birth address but it is not required to supply your social security number in Montana with most carriers . The most important part is the replacement cost of the value of you belongings . many get renters insurance and under value but this saves you no money in the event of a loss . I recommend you talk to your state insurance commissioners office and they have recommendations of who can provide you with the proper coverage and what you need . Mainly all you need is your personal information and address and contents information and should take no longer then 10 minutes to issue


Input: What Information Do I Need For Renters Insurance?

Output: You will need your social security number , date of birth , the approximate value of your personal belongings including even minor items , and your address . Renters Insurance is very easy to apply for and as long as the risk is acceptable to the company then you should have no problems .


Input: How To Find Cheap Health Insurance?

Output: Great question ! Your best bet to find affordable health care is on the Affordable Care Act -LRB- Obamacare -RRB- site , www.healthcare.gov where the discounted policies are . If you shop on this site , you may qualify for discounts that you may not receive elsewhere . There is an annual enrollment period which has been closed until the fall , but if you have had a qualifying event -LRB- married , divorced , etc. -RRB- you may still be able to enroll . Look around at other sites , just to be certain that you have found the best policy for you , but I have found the government site to be about the best . Look for lowest deductible and co-pays with highest coverage . If you need help , please feel free to contact me . Thanks for asking !


Input: How To Find Cheap Health Insurance?

Output: Cheap health insurance is available from many of the large companies , such as Blue Cross , Aetna , Humana , UnitedHealthcare and Cigna . Both individuals and families can often qualify for large subsidies that can drastically reduce rates . So ... How do you get the best rates ? As a health insurance broker for 33 years , I 'll tell you the best way - Work with an experienced broker -LRB- and their website -RRB- and you 'll pay no fees , get the lowest available rates , and receive expert advice and guidance . But why not go directly to the . gov website ? It 's not because of glitches , delays and security issues -LRB- although they should be a concern -RRB- . It 's because you will be working with a complete stranger -LRB- every time you call -RRB- that is likely to be relatively new with a fraction of the knowledge an insurance broker has . A broker will offer you both on AND off Exchange plans along with short-term options if you miss Open Enrollment . Our job is to find customers the cheapest rates from the top companies . At no charge , of course .


Input: What Does A PPO Health Insurance Cover?

Output: A Preferred Provider Organization -LRB- PPO -RRB- is a way in which medical care is delivered . If the health plan you are under is administered by a PPO it means that you may take advantage of the services of a selected group of physicians , hospitals etc. . The providers who are a part of the PPO have agreed on the charges that they will make to the insurance company . They usually are reduced from the normal fees . If you elect to go to a provider who is not a part of your network , the company might honor the claim , however , the payout to the provider might be less than the amount charged . The difference would then be yours to complete . There are other ways that this can be handled but the key is that the group in the PPO delivers medical care at a reduced charge , to you and to the insurance company and that if you go outside the PPO it will cost you more in most cases .


Input: What Does A PPO Health Insurance Cover?

Output: It 's not so much what it covers , but what it is . A PPO in long form is a Preferred Provider Organization . What that means is the PPO is a network of doctors -LRB- all types -RRB- belonging to a group -LRB- PPO -RRB- that discount their services for insureds that use them . The idea behind PPO is to encourage insureds to use those doctors in the network by offering lower costs and/or better coverage within the network . The PPO and the insurance companies have made pre-arrangements for payment for services . The doctors accept less in payment because the insurance plan design will encourage insureds to use the PPO network . Hope this helps . As far as coverage , a PPO could cover a variety of things in the plan design .


Input: Why Should I Get Medicare Part B?

Output: Medicare Part B is the part that covers doctors and labs . This is something you will use a lot . IF you are on a corporate Health Insurance Plan then it may make sense to wait before choosing Part B . If you are not on a corporate Healht Plan then you will need Part B in ordder to qualify for a Medicare Advantage Plan or a Medicare Supplement . As always you should review your options with a qualified professional .


Input: Is Supplemental Disability Insurance Worth It?

Output: Is Supplemental Disability Insurance worth it ? That is a great question . If you need almost all your income to support your family 's lifestyle and home , then it certainly could be worth it for you . Group Disability Insurance can end up paying you only 45 % of your income , after taxes , and has restrictive features that a Supplemental Disability Insurance policy will expand upon . Also , Supplemental Disability Insurance can bump the amount you would get paid during a disability to 70 % to 80 % of your income . Finally , Supplemental Disability Insurance is generally portable whereas group DI policies generally are not portable . So purchasing Supplemental Life Insurance while you are still insurable can ensure having Disability coverage for the rest of your life .


Input: Can You Transfer Medicare From State To State?

Output: Yes , you can transfer Medicare from one state to another provided you are asking about original Medicare . The senior health insurance program called Medicare is a federal program administered by insurance carriers and third party administrators and is good across state lines . Your Medicare supplement plan can also travel with you anywhere in the country . But if you move away from the home service area for your Medicare Advantage plan you will need to secure new coverage .


Input: What Is Life Insurance Trust?

Output: A life insurance trust is a term often used to describe an irrevocable life insurance trust -LRB- ILIT -RRB- . An ILIT is a form of trust drafted by an estate planning attorney in situations where it is intended that life insurance be held outside the client 's taxable estate . Such life insurance proceeds are usually planned to help pay estate taxes without having to sell existing estate assets . Otherwise , any life insurance owned by the client in their taxable estate would needlessly increase the value of the estate for estate tax purposes subjecting the estate to even higher estate taxes . With recent changes in estate tax exemptions , most individuals will not have to resort to ILIT in their estate plans unless their attorney suggests it for other non tax planning reasons .


Input: How Do I Value My Home For Insurance?

Output: There are several forms of homeowners insurance . The HO-3 is the most common form and it provides replacement cost coverage for the residence . Most insurance companies will require that you insure the home to its replacement cost . There are services that estimate the cost of replacing your home . The insurance companies normally accept their estimates . If you feel the estimate might be too high , many insurers will insure to a value that is guaranteed by a local contractor . If the contractor states that he can replace the residence for a specific amount and guarantees that for a period of time , the underwriter might issue a policy for that amount .


Input: Which Homeowners Insurance Allows Pit Bulls?

Output: Most companiews will not write any liability insurance for animals that have biting tendecies like pit bulls , doberman pinchers and german shepherds and in some cities the homeowner is required to get a license if they have a biting tendecy anmal . Check with your insurance agent for more information .


Input: Which Homeowners Insurance Allows Pit Bulls?

Output: I know in Montana I have yet to find a carrier that will cover a Pit bull or many other types of dogs . Most carriers will insure the home but not cover the Liability of your dog . Read through your policy and see if there is an animal exclusion . I have been told that there are carriers that will write a separate policy for covering the liability portion of your dog causing injury but it is a very hefty price .


Input: Can I Put My Girlfriend My Health Insurance?

Output: Additions to your health insurance policy are usually limited to family members such as spouses or children . Therefore , you would not be able to put your girlfriend on your health insurance . She could get an individual health insurance policy on her own that would help to cover her medical expenses .


Input: Why Would Children Need Life Insurance?

Output: No one likes to think about the death of a child . These days , especially in the United States , infant mortality is much less of an issue than it was generations ago . But things happen . I have had many elder clients who automatically bought a burial policy every time a new grandchild was born . Insurability is also a concern . Many medical conditions develop later in life . These include diabetes , high blood pressure , and cancer . Any one of these could make it impossible or very expensive for the child to buy a policy as an adult . In addition , hobbies such as scuba diving or rock climbing could also make it very expensive . Another consideration is wealth accumulation . If you give a strong whole life or universal life policy a lot of time , it could accumulate a significant amount of cash . A policy issued when the child is age 6 could provide enough money to buy a house or a business at age 56 . That would be quite a gift , would n't you say ?


Input: Why Would Children Need Life Insurance?

Output: You never know when life insurance will be needed . Things happen with no warning . Most importantly , when a child gets life insurance , they lock in the very lowest rate possible , for the rest of their life ! With permanent life insurance , that rate and premium build up over time , giving them access to high amounts of retirement funds , or cash to access . Do it early ! GARY LANE . garylane@cox.net . 714 422 9616 . Thank you .


Input: Why Would Children Need Life Insurance?

Output: The basic reason for life insurance is love . Do you want your children to pay more or less than you for life insurance ? Do you think they will ever need life insurance ? Would their premature death create financial problems ? Do you want to protect their ability to buy life insurance ? Do you want a vehicle that will help them accumulate cash for the future ? One hundred years ago , parents across the USA bought life insurance on their children .


Input: Why Would Children Need Life Insurance?

Output: Life Insurance is usually designed based on need . The recovery or protection against a lost asset or income , preservation of your estate from taxes , etc. . The need for children to have life insurance falls into 2 categories : burial expenses ... I recently lost my son , 17 , which we had coverage on him as a child rider , $ 10k which paid for the service/cremation , and the lost income from a month out of work . As a gift . As the cost of insurance is low for children , you can set up a life insurance policy designed to build cash value to use later in life . You not only have the benefit of the death benefit , but more so the benefit of using the life insurance as an asset to draw from in the future . With the compounding you get , the growth can be substantial if designed correctly .


Input: Why Would Children Need Life Insurance?

Output: Children are not exempt from life insurance for many reasons . First life Insurance is based on age health and risk , children can be insured very cheap because in most cases they are healthy and are insurable . Policies can be structured early on to pay for college tuition , and living expenses such as a car to drive back home or buy a home around the community they go to college at . Which gives them a head start in their career being the home would go up in value while in school , And has a high sales ratio because new students are moving in every year.These are just a few reasons to mention the child would still have a retirement income at age 65 and a death benefit God forbid if something happened to cause death . In my studies this is what the rich do . John Cole Virtual Financial Group Recruiter / Manager Understanding Living Benefits v/s Life Insurance - Annuities . #colemarketing


Input: When Can I Switch Medicare Plans?

Output: I am so glad you asked . Many are confused about when you can change your Medicare plan . The answer is simple . If you have -LRB- or want -RRB- a Medicare supplement plan you can make the switch any time during the year . Medicare Advantage plans can only be changed during open enrollment unless you have a special election period .


Input: What Does Renters Insurance Usually Cover?

Output: A renters policy covers your personal property . The limits and exclusions are similar to those in a homeowners policy . The homeowners policy includes the residence . The renters policy covers your personal liability and pays to the limit of the policy for bodily injury or property damage for which you are legally liable . In addition the policy provides medical payments when someone is injured in your rented space .


Input: What Does Your Health Insurance Cover?

Output: Health insurance policies cover medical procedures . This includes diagnostic testing , doctor visits , hospital inpatient , emergency room , X-ray , CT , PET , MRI , surgery in or out of the hospital . Only those that are considered medically necessary are covered . Preventive care as mandated by law are also covered procedures . Routine vision and dental exams are not covered items .


Input: Where Can I Get Short Term Disability Insurance?

Output: You can purchase Short Term Disability from a licensed agent in your state . You can also purchase it from an online agency . There are a few types to consider as well . Most will pay you for 3-6 months assuming you become disabled . There are also policies that will pay you your annual salary if you are unable to work for a year . These are generally less expensive than a traditional policy which is why clients buy them . Feel free to contact me with any additional questions !


Input: Where Can I Get Short Term Disability Insurance?

Output: You can get Short Term Disability insurance from agencies that sell Disability Insurance , and who carry Disability products from Assurity Life Insurance Company and Mutual of Omaha Insurance Company . These companies offer the purchase of private , Short Term Disability policies . Other than that , you could get Short Term Disability coverage from your place of work , if they offer it as a group benefit .


Input: For Health Insurance, Does The IRS Provide A 31 Day Window For All Qualifying Events?

Output: The Affordable Care Act -LRB- ACA -RRB- legislation allows you to purchase/enroll health insurance coverage at any time during the year -LRB- including outside of Open Enrollment -RRB- if you have a `` qualifying life event . '' A `` Special Enrollment Period '' -LRB- SEP -RRB- is thus created and a you also become eligible for federal subsidies that can substantially lower your premium . This `` loss of essential coverage '' also allows you to choose among all available Marketplace plans . You have 60 days from the date of the event to choose and apply for coverage . Some of the most common SEP situations are divorce , having a baby -LRB- the newborn is eligible -RRB- , losing employer-provided coverage , reaching age 26 while on parent 's plan , becoming a US citizen , and moving to a different service area . Important : Answer was provided by Edward Harris , one of the leading US health insurance brokers with more than 35 years of experience . His award-winning website , majormedicalhealth.com , provides free online quotes to consumers , accompanied by the lowest available rates provided by major US healthcare companies .


Input: For Health Insurance, Does The IRS Provide A 31 Day Window For All Qualifying Events?

Output: A quick add on to the above : Having a baby or adopting is a Qualifying Event for the whole family . So if for some reason the mother was on a health insurance plan , but the husband was not he would now be part of the Qualifying Event and be able to choose a plan during the 60 day window .


Input: For Health Insurance, Does The IRS Provide A 31 Day Window For All Qualifying Events?

Output: That is a great question ! Are you asking in regards to whether they are become at risk for losing the tax exemption during that period or afterwards ? My understanding is that during that 60 day window the newly uninsured does not incur that risk . They are still considered insured for the duration of the window . As long as the person re-enrolls in an approved plan , or opts for COBRA extension of coverage , they will not incur penalties . I 'd imagine that there would have to be a significant amount of time passed as uninsured to become at risk for incurring the tax penalties . Good question , thanks for asking it !


Input: Will Medicare Pay For Kidney Transplant?

Output: Medicare will indeed pay for a kidney transplant as Peggy indicated . If you have ESRD and are on dialysis , Medicare will cover the cost of your dialysis begining in the 4th month after your Medicare benefits begin . In some cases dialysis will be covered in the first month provided you meet certain conditions . If you do have a transplant paid for by Medicare , they will only cover your anti-rejection medication for 3 years .


Input: Will Medicare Pay For Kidney Transplant?

Output: Yes , Medicare will provide coverage for a kidney transplant . Please note , how Medicare pays and how long the coverage will be for can vary based on a number of factors such as if you 're under 65 and on Medicare due to End-Stage Renal Disease -LRB- ESRD -RRB- , if you 're 65 or older and already on Medicare , etc. . There 's a guidebook on Medicare 's website that provides the specific coverage guidelines for each situation regarding kidney treatments called `` Medicare Coverage of Kidney Dialysis & Kidney Transplant Services '' . The link to the page is below : WEBSITELINK You should have both Medicare Part A & Part B in force and I would highly , highly recommend having a Medicare supplement plan to cover the gaps in coverage Part A & Part B do n't cover . In short , your Part A & Part B coverage only covers about 80 % of the expenses . That other 20 % can become a very high dollar amount after all is said and done . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Will Medicare Pay For Kidney Transplant?

Output: Yes , Medicare will pay for Kidney Transplant . Between Medicare Part A and B , it pays for kidney registry fee , tests for the kidney recipient and potential donors , and other costs of finding a kidney . It will pay for all costs for the donor , as well as the surgery , blood , and immunosuppressant drugs for the person receiving the transplant .


Input: Who Are Annuities Good For?

Output: Annuities are good for providing an income stream during retirement . They also are a good way to put away a lot of money in a tax deferred vehicle because there is no annual contribution limit for an annuity . Annuities can also be used to save for a child or grandchild 's education , create a trust fund , or provide income to your spouse or children after death . Talk to a financial advisor with experience in annuities to see how fixed annuities or indexed annuities can work for you .


Input: Can I Write Off Disability Insurance?

Output: If you have a legitimate business with operational expenses you may qualify for a tax deduction . If disability insurance is taken as a tax deduction you may be able to increase the benefits to 80 % of your compensation . But keep in mind that those benefits will be taxed as ordinary income .


Input: What Is Cheap Renters Insurance?

Output: There is more to buying insurance than the premium . The cheapest company is the one that pays your claim in full when you need them . Often this is a matter of selecting appropriate limits because you could experience a loss in excess of your policy limits . A trusted , reliable agent is the second ingredient in finding the cheapest insurance . If you ever have a claim without insurance , or one that exceeds the limits of your policy you will understand what expensive insurance looks like .


Input: Does Walmart Offer Health Insurance To Employees?

Output: This is a good question . Whether or not any company offers employee coverage depends on your specific situation . For example if you are full or part time , there may be a waiting period , you may have to wait until annual enrollment , your benefits department should be able to give you specific information . Also you may want to look into getting your own individual plan , it may cost less and you wo n't have to worry about loosing it if you leave your current employer .


Input: What Is A Wrap Plan Health Insurance?

Output: This concept usually comes up in the context of group health insurance so I will assume that is what you are asking about . Wrap plans were developed as a strategy to help employers better manage their health insurance premium costs . The approach generally works like this . Employer XYZ currently has a group health plan with a $ 1000 deductible , 80 % co-insurance and office visit , urgentcare , emergency roomand prescription copayments . Employer XYZ receives a renewal rate increase of 20 % or moreand finds that their renewal is in line with what other insurance companies would offer . So , changing insurance carriers as a means to reduce the impact of the renewal action is not a viable option . Employer XYZ has an alternate renewal from their current carrier that increases the plan 's deductible from $ 1000 to $ 3500 dollars and the renewal rate for the $ 3500 deductible plan then avoids most or all of the renewal rate increase on the $ 1000 deductible plan . This change helps the employer control their costs but shifts much more financial risk onto their employees and the employee 's dependents . The employer wants to manage their fixed premium costs as effectively as possible but is reluctant to shift so much more risk onto their employees . The employer decides to employ a wrap plan strategy . This consists of moving to the insurance plan with the $ 3500 deductible . However , in addition , the employer at the same time implements a Health Reimbursement Arrangement -LRB- HRA -RRB- which is an IRS approved mechanism whereby an employer agrees to reimburse employees for specified medical expenses . The employer agrees that for any covered employee and dependent -LRB- this is a choice the employer makes , reimbursing only the employee and not dependents ' exposure would also be allowed -RRB- who incurs medical expenses subject to the deductible in excess of $ 1000 will be reimbursed by the employer up to whatever level the employer determines . In this example let 's say the employer agrees to cover the full additional $ 2500 of increased deductible expense exposure . From the employee 's perspective their deductible exposure remains at the $ 1000 level they had previously . With so many medical services covered by copayments under their plan design , the employer anticipates that very few of his covered employees and dependents will utilize services subject to the deductible -LRB- these would be hospitalizations and some outpatient services -RRB- and that will alsoexceed the $ 1000 in deductible responsibility the employee has long assumed . The employer makes no financial outlay under the HRA arrangement until an employee or dependent actually incurs an eligible expense . The employer is making an educated bet that their potential reimbursements forclaims above the $ 1000 deductible level will be less , probably substantially less , than the higher premium they would have paid if they had maintained their old plan design with the $ 1000 deductible . Essentially the employer has implemented a limited form of self-funding of some of their employee 's potential medical expenses . Any HRA reimbursements the employer does end up making are a deductible business expense just like their contribution towards their employee 's health insurance premiums . This approach can help the employer better manage their fixed cost for health insurance premiums , gain a cash flow advantage and still offer an attractive benefit package to their employees . As a word of caution , it should be noted that not all insurance carriers are fans of this strategy . The purported reason being that as these arrangements do n't truly change the employee 's financial exposure to the higher deductible it does not have the same impact on employee behavior in consuming health care as they would expect for a plan with a $ 3500 deductible fully paid by the employees . For this reason , some insurance carriers require disclosure of such wrap arrangements and may adjust their premiums somewhat to account for less of a change in health care consumption than their higher deductible quote was originally based upon . An employer should verify their insurance carrier 's position on this approach before they implement such a strategy .


Input: Is Life Insurance Considered Community Property In Hawaii?

Output: There are ten community property states in the U.S. , however , Hawaii is not one of them . A life insurance policy acquired while residing in a community property state may or may not be considered community property depending on the specific circumstances of when the policy was first acquired , how the owner and beneficiary -LRB- ies -RRB- have been designated , how premiums have been funded , etc. .


Input: Does A Home Insurance Policy Cover Electrical Wiring?

Output: Electrical wiring would only be covered if it is damaged by a covered peril . Homeowners insurance does not pay to replace out dated wiring or renovation of wiring . Homeowners insurance is not designed as a maintenance policy . It is designed to protect you from unforeseeable events such as fire , wind damage , lightning strikes and similar perils .


Input: How Much Disability Insurance Can I Buy?

Output: Generally up to 60 % of your compensation with tax free benefits and up to 80 % of your compensation , but taxable benefits if the business deducts it . You can also protect your retirement contributions with a disability insurance policy . If youre a business owner you can also purchase disability overhead insurance and bank loan protection as well .


Input: What Are Full Coverage Auto Insurance Limits?

Output: Full coverage usually means that an insured person has liability coverage as well as collision and comprehensive coverages on a vehicle , which means that there is bodily injury , property damage , collision and comprehensive . Then there are the optional coverages such as medical payments , Uninsured motorist bodily injury and uninsured property damage as well as rental coverage and/or loss of use and towing and labor . Hopefully that answers your question .


Input: What Are Full Coverage Auto Insurance Limits?

Output: I think Cathy gave you a good answer . If I could , I might just expand to say , that in the first half of the twentieth century there were two types of auto insurance policies one for liability issues and one for physical damage issues . In fact many insurance agents of that era started working as physical damage agents connected with an auto retail dealer . Over time the notion became that one could buy Liability and Physical damage coverage which was then considered to be `` full coverage ' '' or cover more fully your exposures rather than buying only a liability policy . Those days are long gone and now most insurers cover a multitude of coverage types . My advice to anyone looking to properly insure your exposure to loss is to consider buying all the coverages you can . In the process of considering coverage ask an agent to explain how that particular coverage works . Education of the public is just one thing a good agent does whether they sell a policy or not .


Input: Does Anxiety Affect Life Insurance?

Output: That would really depend on the level of anxiety that you are talking about , whether it is being treated by a medical professional , and the company that is providing the policy . Each company is going to have its own guidelines as to what is an acceptable risk and what policy it will make available to an individual . Always remember there are many life insurance companies and many different policies available . Contact a local agent and they will help direct you to the policy that will best fit your needs .


Input: Does Anxiety Affect Life Insurance?

Output: Anxiety is one of the leading gateway medical conditions to other medical conditions such as : high bloodpressure , migraines , GERD , etc. . . So , most likely , it will have some consideration in the underwriting process . But , every life insurer has different underwriting guidelines , so it will depend on several factors for individual consideration . Not only will it depend on the level of anxiety and the treatment plan , but other medical conditions related and unrelated as well . And more importantly , it will depend on the type of plan -LRB- whole , term , universal , etc. -RRB- , and the face amount you are looking to purchase . The higher the face amount and age , the more strict the underwriting guidelines will be . My recommendation would be to find a local insurance broker that offers several carriers , and work with them to find the best company and plan . A broker will know the variations of underwriting between companies , can perform a pre-screen for better determination , and what type of plan and face amount will work best for your needs and budget .


Input: Does Anxiety Affect Life Insurance?

Output: Mild , infrequent episodes of anxiety that are alleviated by prn medication do not generally have much effect , if any , on life insurance rates . Where anxiety , and every other mental or emotional condition , makes a big effect on life insurance is when it interferes with daily living . Persons on Disability specifically for anxiety , depression , or bipolar disorder will find it difficult to obtain a medically underwritten policy , as will individuals who have had to be recently hospitalized for such . However , there are simplified issue policies available to cover these cases .


Input: Can You Deduct Medicare Premiums On Schedule A?

Output: You should be getting a statement each year showing the total premiums you are paying for medicare . If you complete your own taxes you show the premiums paid for medicare into the social security benefits section which in turn transfers those payments into schedule A . If you use on line software to complete your returns this is a very simple process . This calculation nis then added into the total insurance premiums paid if you are also paying for medicare supplement policies and perhaps you have qualfied long term care polcies as well


Input: What Does The Cash Value Of A Life Insurance Mean?

Output: The cash value of a life insurance policy is the amount of cash that you would get if you surrendered your policy -LRB- let it lapse or cancelled it -RRB- . It is also available to borrow from . Term life insurance does not have cash value ; only permanent policies such as Whole or Universal Life have cash value .


Input: What Does The Cash Value Of A Life Insurance Mean?

Output: The cash value of your life insurance policy is actually a reserve build up inside the policy . Most permanent life insurance plans accumulate cash reserves that can be borrowed by the policy owner . Cash value policies also have surrender values and maturity or endowment values . If you decide to surrender your policy the carrier will send you a check representing the accumulated cash value of your policy and , in some cases , a termination dividend . If you keep the policy long enough until it endows , usually at age 100 , the policy is surrendered by the carrier and a check for the maturity value of the policy .


Input: Does Homeowners Insurance Cover Accidental Death?

Output: Homeowner 's insurance does not cover accidental death . If a guest is injured on your property , homeowners insurance will cover $ 1,000 of medical expenses per person per incident . It will not provide any coverage per persons living in the home . If you are concerned about additional liability , an umbrella insurance policy can be purchased that provides coverage above and beyond what your normal homeowners and auto insurance policies cover .


Input: Does Homeowners Insurance Cover Accidental Death?

Output: There are Homeowner policies that I have seen over the years that do provide some limited coverage for accidental death . However , that having been said , it is always best to talk with your Insurance Professional about the specific terms and conditions of your policy . It is a good idea to be sure that your policy provides a substantilal enough amout of Liability protection that is reasonable to cover your family 's financial exposure . If the Homeowners policy will only provide a certain amount , talk about adding a Personal Umbrella Liability Policy to your plans . That works along with both your Home and Auto policies to provide an extra measure of protection . Usualy coverage is available beginning at $ 1 million and can go as high as $ 5 million .


Input: Who Is The Main Driver On Car Insurance?

Output: The main driver on a car insurance policy is typically the owner of the vehicle and/or the person that took out the policy . There can be additional drivers listed on the policy such as a spouse or children . Other drivers of the vehicles on the policy should be covered , subject to policy limitations .


Input: Does Renters Insurance Protect Landlord?

Output: Technically a renters policy covers the personal property and liability assumed of the tenant . However , the presence of the policy greatly reduces the risk that the landlord will be sucked into some sort of action should personal property be damaged -LRB- sometimes in conjunction with a loss to the structure . -RRB- If the landlord is named as an additional insured it also consolidates the defense against bodily injury and property damage which ultimately saves money for the landlord . The presence of a renters policy does not reduce the liability exposure that the landlord has ; however , it does take away confusion over loss of personal property and clarifies who is going to respond should a suit be lodged against the landlord and the tenant at the same time for the same incident .


Input: Does Renters Insurance Protect Landlord?

Output: Yes , Yes & Yes !!! Although Renters Insurance is designed to protect the Personal Belongings of the Renter , the policy also includes Personal Liability Coverage . There have been endless numbers of cases in Small Claims Court where there are issues between Landlords and Renters following damage to rental units . With the presence of a Renters Insurance Policy , the insurance company will investigate the claim and find if in fact the renter 's negligence caused the loss ; if so , the damage repairs will be covered by the tenant 's personal liability section of the Renters Insurance Policy . In some States , the Renters Insurance Policy is a requirement under the conditions of the standard rental agreement ; however , it is prudent of Landlords to require Renters Insurance . As a rhetorical question : ` Would you wish to rent your property to a tenant not concerned with insuring their own belongings ? ' Renters Insurance is very inexpensive and contrary to common belief , you do n't have to speak to a salesperson to obtain a quote and buy the insurance . In many States , the minimum coverage is $ 10,000 or $ 15,000 of Personal Property and the policy automatically comes with $ 100,000 of Personal Liability . Depending on your selected deductible , the premium may be as low as $ 100 per year . If you are responsibly cautious only about the liability issue , we would recommend selecting the highest deductible since this will generate the lowest premium ; the deductible does n't apply to the liability section . For an online free quote and online platform to buy renters insurance online , you may use : WEBSITELINK This link will allow you to get an online quote , select the coverage and deductible you desire and issue the policy online . For further details or to review your present coverage , you may contact a licensed company representative toll-free at : 877-931-3368 .


Input: How Old Should You Be To Buy Long Term Care Insurance?

Output: Most financial advisers start addressing long term care insurance at age 50 . But the purchasing trends of long term care insurance are age 62 . Its critical to purchase long term care insurance when you healthy and young enough to pay reasonable premiums for coverage , especially if your family has a predisposition for extended care confinement .


Input: Is Motorcycle Insurance Mandatory?

Output: In most if not all states , insurance will be required in order to register your street bike . Off road or dirt bikes in many cases do not require registration but any motor vehicle including your bike , that is intended for use on public access roads and highways will need to be registered and insured .


Input: What Does Home Insurance Cover?

Output: Home Insurance , Hazard Insurance or Property Insurance are synonymous general terms . 1 - 4 unit homes are usually protected by a Homeowners Insurance Policy -LRB- Owner Occupied -RRB- or a Landlords - Dwelling Fire Policy -LRB- Tenant Occupied -RRB- . The Homeowners Insurance Policy covers the Dwelling , Detached Structures , Personal Property , Loss of Use , Personal Liability and Medical Payments to Others most commonly written on Form HO-3 published by the Insurance Services Office -LRB- ISO -RRB- . It is important to study the features and perils covered ; for example , damage caused by Earthquakes and/or Floods is not covered . The Landlords - Dwelling Fire Policy covers the Dwelling , Detached Structures , Loss of Rent , and Premises Liabilitymost commonly written on Form DP-3 published by the Insurance Services Office -LRB- ISO -RRB- . It is important to study the features and perils covered ; for example , damage caused by Earthquakes and/or Floods is not covered . There is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: How To Put Life Insurance In Trust?

Output: In Canada , if you have referring to having the insurance proceed paid to a trust you have options.You can name the beneficiary as being in trust for the benefit of -- , or you can name a trust you have established as a beneficiary or name your estate and establish a trust in you will . There are advantages and disadvantage to each method , it really depends on what you want to accomplish , 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: How To Put Life Insurance In Trust?

Output: A trust can be set up by an attorney . For life insurance purposes , you may consider a revocable or irrevocable life insurance trust . The structure of a life insurance policy with the use of a trust is generally the trust being the policyowner and beneficiary of the program -LRB- typically done with ILITS -RRB- . From there the trust will control how the proceeds will be distributed - this is done based on what was instructed in the trust documents .


Input: Is Having Life Insurance A Good Idea?

Output: Video Transcript : Hello , everyone . I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show `` Steve Savant 's Money : The Name of the Game . '' I 'm answering questions from insurancelibrary.com , and today 's question is : Is having life insurance a good idea ? Well , just remember , do you have financial liabilities ? Do you have future obligations ? Do you have any intention for charitable gifting or any kind of inheritance that you want to leave your children or grandchildren ? If any of those questions are yes , then you need to look at life insurance . Now , it could be temporary life insurance , which is term life insurance , which is very , very inexpensive today . But if you have permanent obligations , permanent liabilities , or a charitable intent or a future inheritance where you want to bless your children and grandchildren , you 're going to need to look at permanent . Is it a good idea ? You want to indemnify both earners . Almost all marriages today , both mom and dad are working , so you want to make sure that you indemnify them both , because all their liabilities , whether it 's mortgage or long-term debt , those are all obligations that we carry together as working spouses . Well , that 's our consumer question for today . If you have any questions , just submit them to www.insurancelibrary.com .


Input: Is Having Life Insurance A Good Idea?

Output: It is certainly a better idea than leaving those that you love with your obligations and without your income to assist in taking care of those commitments . If you have a spouse , children , dependent parents or others who you love , they would miss you but they will miss your love , assistance and income even more . Having a life insurance policy is the best way to say , I love you to anyone .


Input: At What Age Should I Get Long Term Care Insurance?

Output: The best time to secure long term care insurance is when youre young and healthy , especially if you have a family history of chronic illness or nursing home confinement . Most advisers begin addressing long term care insurance with their clients and prospects around age 50 . But in reality , most pre retirees purchase long term care insurance in their early 60s .


Input: Can You Be On Medicare And Medicaid At The Same Time?

Output: People who are covered under Medicare and Medicaid simultaneously are considered to be `` dual eligible '' . Medicare eligibility is based on age -LRB- 65 or older -RRB- or disability as defined by Social Security . Medicaid eligibility is based on income and other assets and the criteria will vary by state and county of residence .


Input: Why Does My Car Insurance Cost So Much?

Output: There are various factors that are included when an insurance company files pricing with a state 's Insurance Department . The obvious factors have to do with a driver 's record of accidents and infractions . Many companies have also determined that one 's credit standing can be a measurable factor when calculating the rate one would pay for car insurance . The car itself has a great deal to do with a policy 's pricing with regard to both Comprehensive and Collision , but Liability as well . Think of the kind of damage that can be caused by a large sized SUV vs a sub compact car . Finally , the coverage chosen directly affects the amount you pay . If two people live next to each other , own the very same make and model car , have a clean record and are insured by the same company , neighbor A is paying less because he is only carrying the state minimum requirement for liability coverage , while neighbor B is paying more because he has chosen the more complete protection offered by higher liabillity coverage limits . These are just a few examples of factors that affect the price you pay .


Input: Why Does My Car Insurance Cost So Much?

Output: This is certainly something to discuss with our agent . Your state insurance commissioner requires insurance companies to take in enough money to pay out all the claims that they incur . Sometimes this can result in an across the board rate increase . Specific causes for rate increases in California include a change in the status of the driver -LRB- violations , age , or accidents . -RRB- In California a rate increase is often the result of the annual mileage of the vehicle . Occasionally a company will find that the loss experience on a particular model of car is worse than anticipated and will reclassify the automobile resulting in a premium increase .


Input: What Is The Average Cost Of Life Insurance In South Carolina?

Output: To find the average cost of life insurance in South Carolina , you can go to a website that allows you to input your date of birth , sex , tobacco status , height , weight , and state of residence to get an instant quote . By putting in all types of ages , face amounts and types of insurance , you can see what an average is for those groups . However , serious health conditions can cause far higher premiums , making the average go way up .


Input: Does Owning A Dog Raise Homeowners Insurance?

Output: Depends on several factors including the State involved , the relative underwriting policies of the various carriers and the breed of dog . Since there are more than 4.5 million dog bites each year in the U.S. with more than 50 % of them occurring on the dog owners ' premises , it is easy to see why this can be a huge issue with regard to dog ownership and homeowner insurance coverage . The liability coverage supplied in homeowners and renters policies is at risk depending on these factors . In most States , it depends on the breed of dog . Be upfront with a prospective or existing insurance carrier . Some carriers will increase your rates if you are an existing customer and others may refuse you as a customer . Others may be precluded from doing so , based on State regulations . Your agent can help you with this process and should be able to tell you the position of each carrier with regard to your specific breed of dog .


Input: Does Owning A Dog Raise Homeowners Insurance?

Output: Usually ownership of a pet does not affect the premium for a homeowners policy . Ownership of a dangerous dog or breed of dog is likely to stop a company from issuing any coverage at any price . Many companies have added an amendment to the policy that severely restricts coverage in the event of an incident involving a dog of certain breeds or a dog with a history of aggressive behavior .


Input: Does Owning A Dog Raise Homeowners Insurance?

Output: Not necessarily , however , depending upon the insurance company and they way they have their underwriting standards filed in your state , having a particular breed of dog may make it difficult for you to buy the coverage . In addition to particular breeds , if you have had losses in the past relating to dog bites , those past losses , if you still own that animal , may also make it difficult to obtain coverage from a standard insurance provider .


Input: Does Home Insurance Cover Fence?

Output: Homeowners insurance polices will have an other structure coverage otherwise known as coverage B . This is the coverage that would pick up a loss to your fence . Keep in mind many fences are shared so the other owner is responsible for their share of the loss on a fence .


Input: Is Mold Covered Under Home Insurance?

Output: Mold is already in every home . Coverage from your homeowners policy will largely depend on the cause of the mold . If there in infestation of mold in the home , it is most likely excluded by the wording of the policy . However , that doesnt mean that a claim will be denied . If the mold is the result of a bust pipe , for example , coverage would probably be available . Some companies put a limit on recovery for mold damage . Some companies offer additional mold coverage for an additional premium . There are companies that write a stand-alone mold policy . The key is to prevent mold .


Input: Is Mold Covered Under Home Insurance?

Output: It can be , yes , but it is best to check with your Insurance Professional and discuss all the terms and conditions of your particular policy . Some companies limit the amount of coverage that is available in a Homeowners ' policy and , n some cases this is regulated by state statute . Naturally any coverage settlement will be subject to your policy deductible .


Input: How To Borrow Against A Life Insurance Policy?

Output: You may borrow against your life insurance policy if the following criteria are met . First be sure you have a cash value life insurance plan and not a term life plan . Cash value plans are whole life , universal life , indexed universal life and variable universal life . If you find these are what you have locate your policy and look at the illustration pages to find the cash value available to borrow . Remember that most plans take about 5 years to accrue cash because of cost of insurance funds must be met prior to accruing . If you find there is a cash value amount great enough to borrow contact your agent or insurance company to simply start the process . Expect to receive funds within a few short weeks .


Input: How To Borrow Against A Life Insurance Policy?

Output: If you have permanent , cash value life insurance , yes you may borrow against it . Be aware that some policies will end up lapsing if you borrow too much on them , so be careful and check . If , on the other hand , you have an Equity Indexed Universal Life Policy , you should have the highest appreciation in your equity for borrowing purposes . Some , like some products sold by Premier Financial Alliance , actually do not go down at all when the stock market goes down , but only go up -LRB- with caps -RRB- , as the stock market goes up . These can have he largest amount against which you can borrow , totally tax free . I highly recommend these products . See your PFA agent . Glad to help . GARY LANE . garylane@cox.net . 714 422 9616 . Thanks .


Input: How To Borrow Against A Life Insurance Policy?

Output: Its very easy . Call up your life insurance carrier and ask them to walk you through the process . Of course , you should cover a few bases first to make sure that : Its the right decision , and Youre doing it the right way . How do you know its the right decision ? You know it is the right decision if you are absolutely , positively sure your beneficiary can do with less money . This is because the amount of the outstanding loan - plus interest - are deducted from the death benefit . If you take out a significant amount of money , that might short-change your beneficiaries . Then the whole purpose of the product would be defeated . To avoid this problem , reconsider any other sources of a loan . If you go ahead with the loan , reconsider other sources of cash for your beneficiaries to make up the difference . Now : are you doing it the right way ? Have the insurance company run an illustration showing the impact on your policy of taking out cash . Its not just a question of reducing the death benefit . It might also affect the guarantee period of your premium . Lets suppose you bought the policy intending to guarantee the coverage to 100 . Now suppose that taking out the loan would shorten the guarantee to age 85 . Not what you wanted , right ? You need to know this so you can design a strategy for paying back the cash . You might want to pay it back sooner than you had intended , so as to restore the original value of the of the product . These are some of the important bases to cover when you think about taking money out of your life insurance policy .


Input: How To Borrow Against A Life Insurance Policy?

Output: The best way to borrow against a policy is to purchase the best accumulating cash value TAMRA compliant policy with the lowest policy loan cost . Keep in mind that the vast majority of cash value policies need time to accumulate enough cash value to access and that surrender charges could come into play , eroding the amount you may want to borrow . There are several policy loan provisions in cash value policies . Heres a quick inventory : zero net cost loans , wash loans , spread loans , direct recognition loans , participating loans . There policies loans can be fixed rate or variable with two sets of rates : current company practice and guaranteed contract . You may not want to borrow at all if you can access withdrawals to basis without a taxable event . There are rules that govern this specific aspect of cash value access , but confirm with the life insurance company before moving forward with this idea .