Input: What Is Group Life Insurance?

Output: Group life insurance is life insurance provided through your place of employment . Your employer might pay the premium , or you might pay the premium , or a combination of the two . Life insurance is subject to ERISA and there are tax consequences for amounts beyond $ 50,000 . Sometimes you can take the policy with you -LRB- it is portable -RRB- , and sometimes your life insurance ends when your employment ends . It is a good idea to have a privately owned policy in addition to group life insurance , as you never know if you will be able to qualify for one in the future .


Input: What Is Group Life Insurance?

Output: Video Transcript : What is group life insurance ? In many businesses , some of the employer benefit packages include universal life , and that 's in a group scenario . It 's going to look ... generally , that 's going to be priced at simplified issues , sometimes even guaranteed issue . The cool thing about universal life as a permanent form of life insurance , it can accumulate cash value and you could use it as a supplemental retirement plan or use if for its coverage benefit . When you 're looking at group , instead of just term insurance which is traditionally group cases , many people are now looking at permanent forms of life insurance , this one being universal life , as part of a group benefit package . When you look at this , this is a pretty good idea because you 're going to have to pay up a little bit of economic tax on this , about $ 50,000 of death benefit , because you 're really gaining a benefit . To me , that 's pretty worth it because wherever you have to pay a little bit in taxation for the benefit , you 're not really putting this out on your hand . Depending upon if your employer is paying it or depending upon if you 're paying it , it really is still a pretty good idea . You have permanent coverage based on all these lives on a group case and you have a little bit of cash value accumulating in this . It 's great for supplemental retirement income . You can look at universal life as a double-edge ; a way of protecting assets , protecting your life , as well as having some income later on .


Input: What Does Deductible Mean In Renters Insurance?

Output: The deductible applies to a property loss . Once the amount of loss is determined the deductible is applied . For example if there was a fire in the kitchen and the damages reached $ 50,000 . The company would reimburse you for $ 49,000 if your deductible was $ 1,000 . If some of the loss was subject to limitations , this would then be applied and could further reduce the adjusted claim . For example if your loss include $ 20,000 in firearms and your policy had a limit of $ 2,000 , the settlement would be reduced an additional $ 18,000 . There isnt a deductible applied to liability claims in most homeowners policies .


Input: What Is A Good Price For Car Insurance?

Output: A good price for car insurance is the lowest available rate available from the largest and most reputable insurers . How do you get that rate ? An experienced broker with a top-notch website is your best resource . -LRB- I should know -RRB- . We shop the best offers and present you with the best prices in your area . Now that was easy !


Input: Will Medicare Pay For Cymbalta?

Output: Cymbalta , used to treat depression , may be a covered drug under your Medicare Part D plan . This brand name drug is reasonably expensive , over $ 260 for a 30 day supply . There are generic alternatives such as Venlafaxine . Often a drug plan will not cover a brand name drug if there is a generic alternative .


Input: Can You Borrow Against A Fixed Annuity?

Output: That is a great question ! Take a look at your contract , or contact your agent . Most annuities will allow for withdrawals if you need some cash , and those withdrawals are n't penalized . They are not considered loans , so you do not have to repay them . Please be careful with what you take out , it can have drastic effects upon what your annuity will earn for you . I do not know what annuity you have , so I can not make concrete suggestions for you , other than to contact your agent , or someone at the company they work for , and tell them your situation . I 'd be happy to help if I could . Thank you for asking !


Input: Does Life Insurance Test For Herpes?

Output: Life insurance exams wo n't test for Herpes , however , you 'll find the question on many applications . You 'll be asked about herpes and any other diagnosed STD 's which in turn will effect the final risk class or approval of the application . More leniant non-medical life applications wo n't even ask for it .


Input: Does Life Insurance Test For Herpes?

Output: Life insurance blood tests do not test for herpes . However , some life insurance applications ask if you have an STD , and most ask that you note `` other '' health conditions if STD 's are not listed . In addition , if you are taking any medication for herpes , the life insurance application will ask the reason for the medication . While this is not a condition that will affect your rates a lot , if you want to avoid noting it on your application , choose a No Exam policy that does not ask for this information . However , if you are taking medication for herpes , the pharmacy record will most likely be checked . This article may help you decide whether to take the exam or not : WEBSITELINK


Input: Does Life Insurance Test For Herpes?

Output: No , life insurance does not test for herpes , but the life insurance application may ask if you have any STD 's . The insurance company will not do a specific blood test that is able to detect herpes . To obtain a life insurance quote while having herpes , call an agent that works with health conditions . They will be able to quote you the best price by asking several companies on your behalf , without giving your name .


Input: Does Life Insurance Test For Herpes?

Output: Not at all . However , as was said above , there are applications for life insurance which would ask abotu STD 's . Still , the major one life insurance comapanies are most concerned with remains AIDS/HIV . Also DMV records and such depending on your age . However , if you have gotten treated for Herpes and there is something on paper ata doctor 's office saying as much , it MIGHT pop up on the medical records check that a life insurance company might do . Just an FYI .


Input: Can Annuities Be Jointly Owned?

Output: Absolutely . But there are different rules if the joint owners are a married couple or not -LRB- for example , a Father names his daughter as joint owner -RRB- . If the joint owners of the annuity are married , then it is recommended that each spouse names the other as primary beneficiary . For the spousal exception to the required distribution rules to apply , the surviving spouse must be the designated beneficiary of the contract . These rules are designed to prevent the use of joint ownership to obtain tax deferral on annuity earnings over more than one lifetime , except in the case of married couples . In the event of the owners death , the spouse can succeed to ownership by application of the spousal exception to the required distribution rule . If someone other than the surviving spouse is the designated beneficiary , or even if the spouse is the beneficiary along with another person , then even if the surviving spouse is a joint owner , the spousal exception is lost . There are some caveats to setting up a jointly owned annuity . It 's best to talk to a professional insurance agent to avoid the pitfalls .


Input: Can Annuities Be Jointly Owned?

Output: Non-qualified tax deferred annuities can be individually owned , jointly owned and owned by a qualified individual retirement account or employer sponsored qualified retirement account . In the case of a qualified individual retirement account or employer sponsored qualified retirement account , the ownership is individual , but for annuitization purposes can be joint annuitants .


Input: How To Compare Homeowners Insurance Policies?

Output: The first thing you need to do is look at your coverage . Part `` A '' is your dwelling coverage which means your home . Make sure that your home is valued correctly . Some carriers use replacement cost so you need to make sure that you are no over insured or under insured . Also make sure that they have the correct property address . I had a client come in who had a policy on a home that was very high and after looking at the papers the carrier had been insuring the wrong home for 6 years Many times a Mutual carrier will be less depending on the type of home and the area you live in . In many cases they are less because they are no affected by natural disasters from other states which can affect everyone premium . In some cases this year alone I have seen Rates double with some carriers that had many claims from other states and here in Montana the mutual companies are less because they are all Montana based only . Shop around and most important is to make sure that you are covered properly . In the even of a total loss being insured for the wrong valuecan be a HUGE problem


Input: How To Compare Homeowners Insurance Policies?

Output: There are 3 basic areas to compare . Premium , coverage and financial strength of the insurance company . Premium Can be compared by obtaining quotes from several companies . Give each company the same limits of coverage to quote for you for comparison . Second is Coverage limits . Use your current policy coverage limits to request quotes and make sure that the policy forms used are similar . The most common form used is HO-3 . 3rd is the financial stability of the carrier insuring your home . You can research the carrier 's financials condition through a couple of independent rating companies . AMBest and Fitch are recognized by the industry as leaders in this field . There is a 4th part to your comparison , an agent to help you research and for service after you purchase a policyThee here are captive agents and independent agents . The captive agent only represent one company , the independent agent represents several carrier 's . A spreadsheet is a good medium to organize your information and help you evaluate all the information you 'll receive .


Input: What Employers Are Required To Provide Health Insurance?

Output: No American employer is required to provide health insurance to their employees . What the Affordable Care Act -LRB- ObamaCare -RRB- imposes is an employer mandate that employers of certain sizes must offer their employees health insurance that meets certain minimum essential benefit coverage requirements and an affordability level to the employee . If such an employer chooses not to offer group health insurance to their employees the employer will be subject to an employer mandate tax penalty charged on a per employee basis . In 2015 employers with 100 + employees will be subject to this requirement with the size threshold dropping to 50 + employees in 2016 . Employers with less than 50 employees are not required to offer coverage . While on the face of it the employer mandate would seem to be an incentive for larger employers to offer health insurance to their employees it 's true effects are yet to be seen and are quite debatable . For example , the cost of the tax penalty is generally far less than the cost of insuring an employee thus perhaps creating an incentive to take the lower cost of the tax penalty and to send your employees to the health insurance marketplaces to buy their own coverage .


Input: How Much Life Insurance Should A Stay At Home Mom Have?

Output: Video Transcript : Today 's question is , `` How much life insurance should a stay at home mom have ? '' Well if a stay at home mom is the only earner , she 's a single income with children , she needs to look at all the liabilities that she has today . So if she has indebtedness , whether it 's credit card , mortgage , or any kind of auto payments , she 'll want to look at those or future obligations for her children where she may have college education , or retirement plans for them . She 'll want to be able to do some kind of coverage that she can do to protect them in case something happens to them . And remember if they have an ex-spouse involved , you 'll want to make sure that that person also has insurance on them so if something happens to him that mom and the child are taken care of .


Input: How Much Life Insurance Should A Stay At Home Mom Have?

Output: If you were to hire workers to provide all the services that a stay at home mom performs each day , the cost would be staggering . So it is important not to underestimate how much life insurance to purchase on a stay at home mother or father . However , with most life insurance companies , the stay at home parent will only be able to purchase the amount of coverage that is on their `` working outside the home '' partner . Therefore , when you look at how much insurance to purchase for your family , you will need to look at the whole picture . Most people buy enough life insurance to replace at least 5-10 years of income , or financial value , as in the case of a stay at home mom or dad .


Input: How Much Life Insurance Should A Stay At Home Mom Have?

Output: Depends on what your family 's needs are and likely will be . How many kids do you have and what are their ages ? You want to be sure there is enough to help them get through college if not even further . Do you have a mortgage ? Do you want to pass that home to one or more of them ? Cover that mortgage then . Do you want a bit of a legacy , or just ensure they can make it through schooling and the start of their career -LRB- s -RRB- . Start with multiplying your annual income by at least three to five times . Ten times is the optimistic target if you can afford it . You probably want to start with term , or temporary insurance . New York Life has just reduced their pricing for these policies .


Input: Does My Homeowners Insurance Cover Mold?

Output: Mold is present in almost every home . Every home provides the environment for mold growth except for one thing , moisture . When there is damage from mold it is most often the result of leaking fixtures and appliances . Your homeowners policy likely contains specific exclusions for mold , however if the mold is the result of a covered lossruptured pipe , it could be a covered loss .


Input: Does My Homeowners Insurance Cover Mold?

Output: Homeowner 's policies vary a lot and mold is excluded on a lot of policies so the only way to find out is to file a claim . It will probably depend on what caused the mold and exactly what the mold wording on your policy is .


Input: Does My Homeowners Insurance Cover Mold?

Output: It is best to check with your Insurance Professional about the terms and conditions of your particular policy . This coverage can vary by company or state . Here in Connecticut , standard Homeowners policies do provoide some limited coverage for mold , usually up to $ 10,000.00 . However , the best practice if you have water damage is to be sure that you and your insurance claims professional bring in a professional cleaning/restoration company that can not only eliminate any standing water , but apply mold remediation techniques to lesson or eliminate the possibility of a problem down the line .


Input: How Long Will It Take To Get Money From A Life Insurance Policy?

Output: You can anticipate a wait of one to two months to get money from a life insurance policy , although it could be shorter , and -LRB- rarely -RRB- longer . To expedite it , order enough certified death certificates at the time of death to cover all policies you may find . Call your agent or the insurance company to have them email you the death claim . The sooner they receive these items , the sooner the life insurance proceeds will be paid .


Input: Can You Get Medicare While Working?

Output: Yes , you can be on Medicare while working . Many people do postpone going on Medicare if they 're still working because they may have group health insurance available to them through their employer . Self-employed individuals will usually go on Medicare when they turn 65 unless they have group coverage available through their spouse 's work . Some may decide to go on Medicare if they 're 65 and still working because they want a more predictable health expense structure and/or want to lower their premiums .


Input: Can You Get Medicare While Working?

Output: Great question ! You can be enrolled in Medicare while you are working . Medicaid is a different story . To be enrolled in Medicaid , you are telling the government that you have no assets , and no money to use to pay for your medical care . There would be a large amount of trouble if they found you were working . Medicare , however , is perfectly fine . Thanks for asking !


Input: Why Should Employers Offer Health Insurance?

Output: Quite simply , an employer provides health insurance as a benefit of employment in order to attract and retain quality employees . The competitive nature of the employment marketplace and the investment in skills and training required for many jobs make it in the employer 's self interest to attract the best employees possible and to minimize their workforce turnover . If a potential employee has a choice between two relatively equivalent jobs and one includes health insurance and the other does not , the employer with health insurance probably has the advantage . Offering benefits in addition to a competitive wage have become common practice in most businesses in America and around the world as businesses compete for labor . Health insurance is just one such example . life/dental/vision & disability insurance are others .


Input: How To Find If A Life Insurance Policy Exists?

Output: Unfortunately , you are looking for a needle in a haystack . Old life insurance policies are personal insurance and are protected by HIPAA and privacy laws and are not public record . You really need good starting information such as the insurance company name , agent or brokers name that sold the policy or an old employer the person may have acquired the policy . The NAIC has a website for lost polices but the odds are very high . If you feel there is life insurance proceeds paid out you may try to Google unclaimed money in that state to see if the proceeds are being held for a beneficiary . Good luck !


Input: Is Keyman Life Insurance Tax Deductible?

Output: Basically the question about deductibility of premiums has to do with how proceeds are to be taken . If the premium is deductible , then the proceeds are taxable income . In the situation of `` key-man '' the company would want the benefits to come to them income tax free -- after all they have just lost a key employee and their profits are probably suffering as a result .


Input: Is Keyman Life Insurance Tax Deductible?

Output: Keyman life insurance is not tax deductible to the business owner who took out the policy on a key employee , if the business owner or the business is the beneficiary of the policy . If the key person policy is provided to a key employee and the beneficiary is not the business or business owner , the premiums may be tax deductible .


Input: Does Part A Medicare Have A Premium?

Output: If you have paid Medicare taxes for 40 + quarters throughout your working life , there is no premium for Medicare Part A . If you have paid into Medicare for 30-39 years , the premium for 2013 is $ 243/month . If you or your spouse have not paid in at all , the premium is $ 441/month . There is a deductible for Medicare Part A.


Input: Can I Get Life Insurance At 60?

Output: Yes , many companies will give you insurance up to age 85 . Your health , type of insurance you want to buy and face amount will determine your rate . Sit down with a good independent agent specializing in the needs of seniors for help in determining your options and finding the best plan for you .


Input: Can I Get Life Insurance At 60?

Output: Yes , you can get life insurance at age 60 . Some policies that are popular with 60 years old 's are No Exam , Whole Life policies that can be used for final expense purposes . Other popular options are competitively priced Universal Life policies used in estate planning , business succession , etc ; or Term policies to cover debts or get the last of the kids through college .


Input: Can I Get Life Insurance At 60?

Output: One of the most active groups of individuals seeking life insurance , particularly permanent life insurance , is in your age group . They purchase life insurance for a variety of reasons . The term insurance revolution that began in the 1960s has left many without any protection . There are many obligations that life insurance can assist from legacy planning to final expenses .


Input: Can I Get Life Insurance At 60?

Output: Yes people 60 years old can buy insurance . There are many reasons to buy life insurance at 60 but interestingly enough people in their early 60 's may desire to defer their Social Security benefits to age 70to max their benefits out . But they may be afraid of dying too early and missing out on taking their SS benefits early . A low cost term insurance policycan cover 10 years cheaply and replace those lost SS benefits to your heirs . The higher SS income may pay for those cheap premiums many times over . Weather you live long or pass early your heirs are still taken care of . If you live long then the deferral of SS income can be very significantly better .


Input: Can I Get Life Insurance At 60?

Output: Life insurance companies now issue to age 90 . The top health classifications may not be available at age 90 , but the leverage of life insurance may still be worth it at standard issue . The maturity dates on some contracts go out to age 121 . The mortality revolution is affect product design as well as human longevity .


Input: Can I Get Life Insurance At 60?

Output: As long as you are still alive at age 60 you can get at least some kind of life insurance . In most cases you can get all the best features that life insurance provides and in whatever amount you want . Sixty is not all that old , and most people are still working at age sixty . So then it becomes a matter of what you can afford and what your goals are for your life insurance . Find a reputable insurance adviser that can answer your questions and give you some direction and help . I will be happy to be that adviser for you if you want to contact me .


Input: Is Life Insurance Forbidden In Islam?

Output: Many scholars find insurance unfair . Since there is n't a guaranteed return it has the appearance of gambling . When living in a non-Islamic country , abiding by local law is permissable . In Muslim-majority countries there are alternative companies formed called takaful that provide similar coverages on a shared-risk model .


Input: How Are Life Insurance Proceeds Taxed?

Output: Life insurance proceeds rarely incur any form of income tax . The proceeds can be taxed for estate and inheritance tax purposes . Life insurance proceeds are included in the gross estate calculations for all deceased individuals . Any gross estates that have a total value exceeding $ 5.25 million can be subject to US Federal Estate Tax . Additionally , some states impose either an estate tax or inheritance tax -LRB- or in some rare cases both -RRB- . These taxes have their own specific rules about the total amount and what might be taxable . You should consult additional resources concerning state specific estate and/or inheritance taxes for more information about how life insurance proceeds might be taxed in your state .


Input: When Can I Change My Health Insurance Plan?

Output: Health Insurance can be changed at anytime . The questions that you need to ask yourself before making these changes are : Has my health status changed since I applied for my current policy ? If so will there be exclusions on the new policy if I change . Does my policy offer deductible credits for not reaching the calendar year deductible ? The The consequences for making a mistake in regards to your health insurance plan could be very costly . Bring your current plan with you when you meet with a licensed Health Insurance Professional and compare the other offerings . Always get what your being told in writing .


Input: How To Search For Unclaimed Life Insurance Policy?

Output: That is a great question ! There are several good ways - the first being to see -LRB- if you have access to the deceased 's financial records -RRB- if there have been regular payments to a financial company or institution . That may bea sign of a premium payment . Contact the deceased 's employer , and see if there were records of a policy through the benefits package ; Contact your State 's department of unclaimed property , and it will cost you a few bucks -LRB- $ 70 ? -RRB- but you can contact the Medical Information Bureau -LRB- MIB -RRB- they have a search engine that can look for your missing policy , if it exists . I hope that helps , if you need more , please feel free to contact me , okay ? Thanks for asking !


Input: What Is The Maximum Contribution For A Roth IRA And A 401K) Plan?

Output: The Maximum Contribution for a Roth IRA and 401 -LRB- k -RRB- are as follows : Roth -LRB- under 50 -RRB- : $ 5,500 Roth -LRB- over 50 -RRB- : $ 6,500 401 -LRB- k -RRB- -LRB- under 50 -RRB- : $ 17,500 401 -LRB- k -RRB- -LRB- over 50 -RRB- : $ 23,000 If you are over age 50 , you can `` catch up '' on contributions which is why that number is higher than those under age 50 . In your 401 -LRB- k -RRB- , if you have monies which are being matched , then I would contribute up to the match . Then I would maximize my contribution in the Roth next . Reach out to your adviser who can review your specific situation and help you get the most out of your retirement monies including finding out what your goal is .


Input: Is Life Insurance A Pyramid Scheme?

Output: Is Life Insurance is not a Pyramid Scheme . Life insurance is not a Ponzi scheme . Life insurance is not a multi-level marketing pyramid , although it can be sold like one via marketing multi-level distribution channel . Its built on the actuarial premise of the law of large numbers . The statistical odds of everyone covered with life insurance dying at the same time are too great to calculate . Bottom line it is one of the great societal financial products of the last 300 years .


Input: Is Life Insurance A Pyramid Scheme?

Output: Is life insurance a pyramid scheme ? Life insurance itself is not a pyramid scheme or any scheme . Life insurance has a long history and has been called many things over the years , usually by those who have something to sell as an alternative or those who ca n't afford to purchase so making it out to be villainous is easier to say than I ca n't afford it . The only pyramid scheme things I would associate with life insurance is how some marketing groups operate with how they work their agency system . That is not insurance 's fault , they could do it with feather dusters . It would be someone using insurance to take advantage of other agents , not customers .


Input: Is Life Insurance A Pyramid Scheme?

Output: Life insurance is not a pyramid scheme . You can not get a lower premium on your policy by referring others to purchase life insurance . You can not earn income on the backs of others who have purchased life insurance through your referral . The entire life insurance industry is highly regulated and practices like that are illegal with grave consequences to agents who would attempt to use them .


Input: What Does Obamacare Do?

Output: Obamacare is slang for the Affordable Care Act . The ACA affords that everyone has access to healthcare and all pre-existing conditions are covered . Of course since pre-existing is now covered for everyone the prices for the insurance have doubled . Since the government is making this a requirement , they are also helping people pay for it through subsidy 's and cost sharing reductions . The subsidy 's are based on household income and number of people who you claim on your taxes .


Input: Can I Get A Life Insurance Policy On My Brother?

Output: You can get a life insurance policy on your brother if you have an insurable interest . This could include being his custodian , being his business partner , being responsible for his debts , and other scenarios . It would be challenging to think of an instance when you would be denied the privilege of insuring your brother . Of course , your brother has to cooperate .


Input: Does My Child Need Life Insurance?

Output: Life insurance for children is generally purchased to buy `` insurability '' while they 're young and healthy . It 's also purchased as a savings plan for college education and future supplemental retirement . But it can be purchased for final expenses in the event of the child dying . It 's important to note that life insurance companies will want to see the coverage on the parents as an indicator of the buyers intent .


Input: Is It A Legal Requirement To Have Home Insurance?

Output: I do n't believe that it is a legal requirement to have homeowners insurance in an state in the U.S. currently . Most if not all lenders will require that you carry homeowners insurance before they will provide you a loan . A home is a pretty costly investment one that most people work very hard to get and maintain ; why would you want to put all of that at risk to save a few dollars a month . Call your local agent today and find out how affordable a policy can be .


Input: Who Can Get Group Health Insurance?

Output: The term `` group '' health insurance is generally associated with health insurance coverage obtained through a person 's place of employment . Group insurance can also be associated with other organizations with a legally recognized structure and common interest , labor unions and professional associations -LRB- state bar & state medical associations for instance -RRB- are examples . But , in the largest sense -LRB- by far -RRB- , what most people are talking about when they refer to group health insurance is employment based coverage . Technically , in the group health insurance environment , the employer is the policyholder and the employer 's covered employees and dependents receive certificates of coverage to identify their covered status under the employer 's group health plan . As such , it is really a business/non-profit organization/governmental entity that obtains the health insurance policy for their employees so the employer is who can get the group health insurance and then any of their eligible employees can choose to enroll in it . In all but a few states for a business to qualify as a group it must have at least 2 eligible employees .


Input: How Will Obamacare Affect Me?

Output: The Affordable Care Act aka Obamacare affects everybody to some degree . If you are over 65 and on Medicare , very little changes . If you work for a company that provides benefits , very little will change . If you have no insurance , you are required to purchase insurance either on or off the exchange or pay a penalty . If you qualify for a subsidy you may receive a break in your premium . There are certain benefits that a health insurance plan must offer , which is good for most people .


Input: Can I Cancel My Home Insurance At Any Time?

Output: That is a great question ! You can , but if you carry a mortgage on the property , you might want to save yourself a few headaches , -LRB- and a lot of money -RRB- , and do some simple things first . Before you cancel your current coverage , make sure that you have the new one lined up to start the day your current one ends . Contact your mortgage people , and furnish them with the new companies information , and proof that there will be no lapse in coverage . That should save you from a panicked mortgage company , that will self insure you at a higher rate , or less favorable coverage . Thanks for asking !


Input: Can I Cancel My Home Insurance At Any Time?

Output: You can cancel homeowners insurance at any time . Call your insurance company or agent and tell them that you want to cancel coverage . They will issue an amended declaration that will show that all coverage ceased on the date that you called . They will send you a bill for any premium that is still due or a refund of any premium not used . They will send the same declaration to your mortgage company who will then start writing letters to you and will ultimately force issue a policy to cover their interests and send you the invoice for the premium , normally as a part of your mortgage bill .


Input: Is A Life Insurance Policy Part Of An Estate?

Output: With the general exception of life insurance owned by a Irrevocable Life Insurance Trust , life insurance proceeds become part of the estate . This in and of itself may or may not be an issue depending on the size of the total estate assets . If the assets are below the unified credit there should n't be any taxes on the life insurance proceeds .


Input: Is A Life Insurance Policy Part Of An Estate?

Output: When you are figuring the value of your estate , accountants do not usually include the death benefit of a life insurance policy in the value of the estate . They do include the cash value of any policies you own in the value of your estate . Upon death , life insurance proceeds are also included in the estate if you have incidences of ownership in the policy .


Input: What Is My Car Worth For Insurance?

Output: This depends upon a couple of factors . First , it depends upon what type of catastrophic payment you selected . The most common type is `` replacement cost '' , which is usually based upon the Kelly Blue Book Value for a vehicle in similar condition . The other option is `` agreed upon value , '' which means your car 's value is estimated by an appraisal and the insurance company will pay out on that value . Replacement cost is common for classic or rare cars . So , if you have replacement cost the best bet to figure out the value of your car is to request a Kelly Blue Book quote . Make sure you give the approximate mileage and condition of your car . I hope this helps .


Input: Does Medicare Limit Hospital Stays?

Output: Yes , Medicare does limit hospital stays . A benefit period is a hospital , skilled nursing facility , or rehabilitation facility stay of 1-90 days -LRB- a new rule proposes that the first overnight stay is covered by Part B , but for now all 90 days are covered by Part A , with only days 61-90 requiring a co-pay -RRB- . After the 90 days , you have an additional 60 `` lifetime '' days that can be used once in your lifetime . Once that benefit period is up , you need to not be confined in a hospital or skilled care facility for 60 consecutive days to qualify for a new benefit period . The number of benefit periods is not limited .


Input: Where Can I Find Whole Life Insurance?

Output: Whole life insurance is a form of `` permanent life insurance '' . Any good life insurance agent should be able to sell you whole life insurance . There have been a lot of innovations in the life insurance industry over the past few years and not every agent knows the benefits of the various types of permanent life insurance . It is important to find an agent who can explain the various benefits for different types of permanent life including whole life and indexed universal life .


Input: Where Can I Find Whole Life Insurance?

Output: Most agents who sell Term Life Insurance also sell Whole Life . The exception may be some of the `` term shops '' on the internet . Final expense policies are usually Whole Life , so agents specializing in Senior life insurance would carry Whole Life . These usually have under $ 100,000 face amounts . `` Captive '' agencies -LRB- where they sell products for one company -RRB- usually have good Whole Life products for persons looking for larger face amounts . So do agencies that sell multiple products , but you need to consult with a licensed agent who understands Whole Life . A good way to start would be to call and ask for an agent who can compare a couple of Whole Life policies for you in detail . If they are unable to do that , move on to the next one .


Input: How Far Back Does Auto Insurance Look At A Driving Record?

Output: This varies by State but typically and insurance company will look at your driving history for three years . During that period , they can charge you points for at fault accidents and some companies will charge for moving violations . Although they CHARGE you for 35-36 months , some insurance companies will look at your FIVE YEAR record to see if there is anything ELSE out there . This might cost you some discounts if there is activity in the past five years , but they should not charge you points for incidents older than 36 months .


Input: What Is A Disability Buyout Policy?

Output: Disability buy-out policies -LRB- also called buy-sell policies -RRB- help small business that have partners or more than one owner . It helps a company stay operating in the event that one of the owners becomes disabled from a sickness or injury . The policy gives cash to one owner to purchase the disabled owners share of the business . Basically , the disabled partner will receive his value of the business and the business can still function and remain stable .


Input: How Much Is Geico Life Insurance?

Output: Geico life insurance is written through non-affiliated life insurance companies and is secured through Geico Insurance Agency , Inc. . Therefore , Geico offers life insurance from a number of different life insurance companies at a variety of prices . You can get free life insurance quotes from any number of websites . By choosing one that gives `` instant '' quotes you will get your rates without having to talk to anyone .


Input: How Long Does It Take To Get A Home Insurance Binder?

Output: Under normal circumstances this takes only a few minutes . That doesnt mean that the entire application is completed but the agent usually as authority to extend coverage until the underwriting is completed . A key to prompt binding of coverage is to have the agency needing the binder communicate directly with the agent . For example , the title company should speak directly to the agent that way the binder will meet the specific needs of the borrower and can be handled promptly .


Input: How Long Does It Take To Get A Home Insurance Binder?

Output: Good questions . It depends on the situation . If your home will be occupied and has n't been damaged by a storm or fire you should have no problem receiving a binder quickly . I would suggest you give your agent as much time as possible to prepare the insurance binder for you though . If the agent has enough time it will help them search the entire market and get the best possible premium for you . Hope this answer helps .


Input: How Long Does It Take To Get A Home Insurance Binder?

Output: As mentioned above , binding takes only a matter of minutes once the proper paperwork is signed . Every week , we receive calls from attorneys and mortgage brokers who need coverage for a closing the next business day . After collecting the necessary information , an agent should be able to secure a quote and bind the coverage anywhere within a few hours up to a business day .


Input: How Long Does It Take To Get A Home Insurance Binder?

Output: Getting an insurance binder could take as little as a few minute up to a day or two , depending on the information required to be placed on the binder . In many cases if all of the proper information is provided to your carrier when requesting the binder you will receive it within a short period of time .


Input: What Do You Need To Sell Annuities?

Output: You have to go through training at certified licensing company that has been approved through the state such as an Insurance company . After training you will contact the state insurance testing and licensing bureau . After passing the state test for Life Insurance licensing you will receive your license after meeting all state requirements . Now you are ready to contract with a Life Insurance company in the state . Now you can sell annuities after meeting that companys criteria .


Input: Why Was Health Insurance Invented?

Output: Like all challenges in life , especially financial challenges like defensive financial planning , solutions emerge to meet the need . Medical or health insurance is a major protection item in our society and with the advent of Obamacare , it is now a centerpiece insurance plan of our culture with preconditions eliminated .


Input: Does Your Homeowners Insurance Cover Tornadoes?

Output: Yes , unless it is excluded . I know that is a horrible answer , but it is the truth . Typically a homeowners policy will have coverage for a windstorm/wind damage . For example , it is very common in Michigan to have windstorm coverage since we rarely get tornadoes in the area . However , if you should live in an area prone to tornadoes , it will be common to see an exclusion for windstorms in the basic policy . You will typically have to get an endorsement in these areas for windstorm damage . I hope that your home was n't one that was recently destroyed due to the tornadoes in Oklahoma , and if you are my hopes and wishes go out to you and everyone else who is dealing with that tragedy .


Input: Why Does My Homeowners Insurance Keep Going Up?

Output: There are many reasons why your premium may be increasing . If you have recently put in a claim , that may be a factor for increases . Depending on where you live , and depending on the volume of claims that occur in your state , you may see resulting increases in premium to help counter the amount of losses that have taken place . Another reason may be that your insurance provider is raising your dwelling limits to properly cover you in the event of a loss . Insurance carriers will raise coverage often to ensure that if there is a loss , that you will have adequate coverage to replace your home . They have to do this because as time goes by , the cost of building supplies increases , as does the cost to actually build . If you would like to look into lowering your premium , I would recommend contacting your local insurance professional , or reach out to your respective insurance carrier and tell them you would like to look at some options to lower your rates . Thanks for asking !


Input: How Do I Get Life Insurance On Someone Else?

Output: You must first establish insurable interest between you and the insured . You must prove that you would suffer economic loss as the policy beneficiary if the insured were to die . And of course the insured must be aware that youre placing coverage on them , which requires their signature in several places on the application .


Input: Who Does Life Insurance Cover?

Output: Life insurance covers the life insured in the policy . When that life dies , the death benefit proceeds are paid to the beneficiary named in the policy . The policy owner , who may or may not be the insured , owns the policy rights including the right to name and change beneficiaries .


Input: Does Liberty Mutual Auto Insurance Cover Rental Cars?

Output: Liberty Mutual hasrentalcar coverage available as part of their policy . Liberty Mutual has both options of extending a Liberty Mutual policy to arentalcar or the option of rental car reimbursement . This would be best discussed with a Liberty Mutual agent as to the terms and conditions of rental car coverage or rental car reimbursement .


Input: Does Auto Insurance Cover A Cracked Windshield?

Output: Auto insurance will cover cracked windshield under yourcomprehensivecoverage portion of your auto insurance policy minus your deductible . They type ofoccurrencescovered by comprehensive would befallingobjects , flying objects , -LRB- rock being the most common -RRB- vandalism , temperature changes . Discuss with your local agent about comprehensivecoverageand deductible optionsavailable to you . Comprehensive may have a zero deductible glass option .


Input: Does Auto Insurance Cover A Cracked Windshield?

Output: Damage to your windshield caused by a covered peril in your policy would be covered under the `` Comprehensive '' portion of your policy . Unless Full Glass coverage has been endorsed onto your policy , the loss would be subject to your deductible . This endorsement is very inexpensive and well worth it so be sure to talk to your Insurance Professional about it .


Input: When Should You Buy Long Term Care Insurance?

Output: You Should Buy Long Term Care Insurance when youre young and in good health . But most Americans under the age of 50 consider it too early in their life for consideration because of other more pressing midlife financial events or commitments to come . The general rule of thumb is age 50 , but most purchase at age 60 . A 60 year old nonsmoking male and female in good health will pay $ 300 a month for a long term care insurance policy .


Input: How Much Does It Cost To Get Your Own Health Insurance?

Output: The cost of getting your own health insurance will vary , depending on how old you are , where you live , your household income , and the type of plan you want . Smoking status could also influence the rate . The federal Obamacare subsidy could potentially all of your premium and provide very comprehensive coverage . LIVE AND ORIGINAL answer provided by : Ed Harris - Premier health insurance broker for 33 years and owner of several top-rated health insurance websites that offer the lowest available rates .


Input: Why Is My Car Insurance So Much?

Output: Auto insurance is a shared risk . That means that thousands of other people are working together to provide protection for everyone in the group . The annual cost for each member of the group is the premium . The premium reflects the anticipated expenses of the group for a year . It really is as simple as that . Insurance companies have learned how to adjust the costs when the risk for one member is greater than another . However , this is still a matter of statistics and is not a personal evaluation of the car or driver .


Input: Why Is My Car Insurance So Much?

Output: Each carrier sets its own rates . Those rates are based on many factors . Some of those factors are : ages of the drivers to be covered , MVR records of drivers to be covered , geographic location , coverage amounts , amount of driving of covered drivers , number of vehicles covered , make , model , and year of vehicles covered just to name a few . If you feel that your rates are too high contact local agents in your area to receive free comparison quotes forcoverage .


Input: How Much Would Insurance Be For A Sports Car?

Output: There are many factors and unanswered information that is needed . What type of sports car what year and your driving record and what state you are in . I can tell you that I have an insured that has his newerFerrari and is in his mid 40 's and is paying less then 200 a month full coverage of course but with 0 deductibles . But he also has and older Ferrari and it had full coverage and pays 200 a year for it with 0 deductible . So to be able to give you a more accurate answer you would need to provide more information


Input: How Much Would Insurance Be For A Sports Car?

Output: Well if your 50 years old with a clean driving record vs. 20 years old with a clean driving record the rate will vary significantly . But first of all , any agent would need to know what the actual sport car is , not to mention information about the actual driver to determine a rate .


Input: Will Homeowners Insurance Cover Vacant House?

Output: Great Question . Most home insurance policies do not cover vacant home . You have to buy a special policy to cover vacant home . Vacant home is a special policy due to the fact the home is more at risk break in or vandalizm than a normal home . Please check with your local agent for more detail .


Input: Can Life Insurance Be Deducted As A Business Expense?

Output: Group term life policies can be deducted if the amount of coverage is $ 50,000 or less . If the amount of coverage is greater then $ 50,000 then group term life insurance is subject to social security and medicare taxes but not FUTA taxes or income tax withholding , even when benefits are provided as a qualified benefit in a section 125 cafeteria plan .


Input: Do I Need To Notify Medicare Of Death?

Output: Technically , if you are dead it would be impossible for you to notify Medicare of your death . Your family should notify Social Security of your death which should then also notify Medicare . Once Social Security is notified of a death they should stop future Social Security checks as well as deductions for any Medicare premiums . If you have a Medicare Advantage plan , or Medicare supplement plan , your family should notify the carrier of the death .


Input: What Percentage Do Employers Pay For Health Insurance?

Output: For decades group health insurance contracts have required that the employer pay for at least 50 % of the employee only rate in order for a group contract to be put into effect . For many years , health insurance was relatively cheap and employers routinely paid for all or a very high percentage of the cost of their employee 's health insurance coverage and often for the coverage of their dependents as well . As health insurance rates have steadily risen over the last 20 years there has been a steady erosion in the percentage or dollar amount that employers pay towards their employee 's monthly premiums . This has resulted in cost shifting to the employees in the form of higher payroll premium deductions and this trend continueseven withthe new ObamaCare requirements . Employer contribution levels vary widely from company to company but can be expected to fall within the 50 % to 100 % of the employee rate range though far more employers are getting closer to the 50 % level than the 100 % level .


Input: How Young Can You Be To Buy Long Term Care Insurance?

Output: It depends upon the long term care policy , but most advisers recommend considering it around age 50 . Many seniors purchase long term care insurance around age 60 as part of their retirement planning for their golden years for times of assisted living and ` or nursing home care . Some younger adults may want to purchase long term care insurance earlier when they 're healthy if their family history has a predisposition to chronic illness or nursing home confinement .


Input: Does Car Insurance Have To Be In Your Name?

Output: Most if not all states require that you show proof of insurance in order to register a car and maintain that registration in good order . Here in Connecticut , as a result , if a car is titled to you , then it needs to be registered to you and the insurance policy must name you as a principal insured on the policy . The insurance company will also want to have named any other drivers residing in your household as they have access to the car . Some companies will require that any other drivers in teh household be formally excluded from coverage if they are not to be named as drivers on your policy .


Input: Does Car Insurance Have To Be In Your Name?

Output: Generally speaking , the answer is NO . You can still meet the financial responsibility that insurance is designed to provide by being a listed driver in a household . If you are in a domestic relationship and not married , you should probably have two names listed as first named insurers on the dec page of the policy . Laws are variable on your protection status . If you have an insurable interest due to owning a vehicle in the households , you may need to be listed to satisfy a lender . If you are not a named insured and not a legally recognized domestic partner , you may not have protection for every aspect of coverage so in the end it makes sense to be listed on the declaration page . This is less important for children of the insured living in the household due the defition of `` insured '' in the policy 's . All of the latter should be confirmed by a licensed agent in your state of residences .


Input: Does Car Insurance Have To Be In Your Name?

Output: In California the automobile is the object insured , not the driver . The automobile must be associated with a household and the drivers in that household are considered and listed on the policy . The automobile is insured as long as it is being operated by a licensed driver who has permission of the owner to operate the vehicle .


Input: How Much Term Life Insurance Can I Buy?

Output: The total face amount of term life insurance is limited by two things , your net worth and annual income . Typically you will be able to purchase enough life insurance to cover your debts and at least 10 times your income . There is a formula based on age that dictates the maximum amount of term life insurance allowed . Its starts in your twenties as 25 times income and decreases depending on each carriers formula , every new decade of life . For example , in your 30s it is 20 times , your 40s 15 times , etc. . This does vary by company .


Input: How Much Term Life Insurance Can I Buy?

Output: The amount of Term Life Insurance you can buy is based on your income , net worth , age , and the purpose for your policy . Younger adults can usually purchase up to 20 + times their annual income in coverage . As you age , the amount of coverage you can buy usually deceases . I say `` usually '' because net worth also enters into the equation .


Input: Is Universal Life Insurance Whole Life?

Output: No universal life insurance is not whole life insurance . The two products have some very distinct differences . Universal life insurance has no specific premium like whole life insurance , meaning the premium paid can be increased or decreased within a very liberal range at the policy-owners discretion . Whole life insurance guarantees that if the calculated premiums are paid in full then the original death benefit will remain in force until the insured reaches the date of maturity -- universal life insurance makes no such guarantee . Expenses assumed within a whole life policy are fixed at issue and can never change . Expenses assumed within a universal life policy can be increased or decreased by the insurer as real operating experience allows .


Input: Is Universal Life Insurance Whole Life?

Output: Whole Life and Universal Life are the two main types of permanent insurance coverage -LRB- there are sub-categories with in that - e.g. guaranteed universal life , current assumption universal life , indexed universal life , participating whole life , non-participating whole life , and others -RRB- . Permanent life insurance , in general , is designed to provide coverage for the rest of the insured 's life and build cash value . Universal life insurance features a flexible premium structure It 's , in short , a blend between term life insurance and whole life insurance . A universal life policy will guarantee the maximum death benefit for the lowest possible premium -LRB- making it much less expensive than a whole life policy with the same death benefit -RRB- . Like with whole life insurance , universal life will build cash value , although it will generally not accumulate as much cash value over the life of the policy as a comparable whole life policy it is essentially term insurance to age 121 , with the emphasis on a larger death benefit instead of greater cash value for the premium that you are paying . Universal life is ideal for anyone who wants to maximize the death benefit and is n't worried about building cash value . You can guarantee benefits up to age 121 -LRB- with most companies -RRB- - these policies can be structured to dial down the death benefit to a specific age as well -LRB- e.g. to age 90 , 95 , 100 , 105 , etc. -RRB- , which can reduce your premium by a good margin . Whole life insurance is a great vehicle for planning for the future . The premiums and death benefit remain fixed and guaranteed for life while the policy can build cash value at a great rate - this structure is known as a non-participating whole life policy . The other type is called participating whole life policy . Participating WL policies can pay out dividends which can be used in several ways : 1 -RRB- Decrease the premium - the premium would eventually hit $ 0 at some point and the policy would , in essence , be self-sustaining meaning the dividend is equal to or greater than the premium for the program -LRB- if greater , the difference can be used to increase the cash value or increase the death benefit -RRB- 2 -RRB- Purchasing paid-up additions - these additions increase the face amount of the policy 3 -RRB- Increase the cash value at a faster rate While whole life has many advantages , it is also the most expensive form of life insurance . Whole life features level premiums and death benefits and builds cash value at a faster rate than Universal life policies - the trade off between is that to increase the cash value faster , the premiums will be substantially higher -LRB- can often be 2-3x the premiums of guaranteed universal life policies on many occasions -RRB- . Please note , regardless of the permanent coverage type , the carrier takes back the cash value upon the death of the insured , and pays out the death benefit proceeds . Therefore , guaranteed Universal life policies allow you to maximize your death benefit and minimize your premium dollars that you pay for the coverage . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: What Is The Percentage Of People Who Have Life Insurance?

Output: Latest survey shows 70 % of Americans own life insurance . But the vast majority own the wrong kind . They have insurance you have to die to get paid by . Instead , there is a new kind of life insurance that pays you while you are living . It will cover , of course , your death , but it also covers you for chronic care , critical care , or other such needs , while you are living ! It is available through Premier Financial Alliance , and it grows a large vat of cash for you to use , including for your retirement . Talk with your agent . Thank you . GARY LANE . garylane@cox.net . 714 422 9616 .


Input: What Is The Percentage Of People Who Have Life Insurance?

Output: About three years ago , LIMRA released data from their studies that stated about 48 % of all Americans own individual life insurance . Keep in mind that this number does not include those who have group life insurance through their employer . Also note that this was research released a few years ago , so the number could be less or more presently .


Input: How Much Is Car Insurance For New Drivers In North Carolina?

Output: Auto insurance premiums will depend on the type of car covered and other coverage amounts like liability limits and uninsured/under-insured limits . You should contact a licensed agent who can provide you with several quotes so you can compare and get an idea of what costs will be . This will also help you determine which carrier will be best for you when you do purchase coverage .


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

Output: Face value is the death benefit amount of a life insurance contract . So if someone states that the face value of a life insurance contract is $ 1,000,000 that means the death benefit of the policy is $ 1,000,000 .


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

Output: The face value of a life insurance policy is the amount the policy would pay out if the insured person died at that point in time . The face value can be higher or lower than the original face amount , depending on if the policy grew or if loans were taken out against it .


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

Output: The face value of a life insurance policy is the current death benefit amount of an in force policy . Most life insurance face amounts remain the same from their date of issue . But some permanent cash value policies have options that can increase the face amount beyond it 's original benefit . Some accumulating policies may increase in cash values enough to force an increase in the face amount .


Input: Can You Put A Life Insurance Policy On Someone Else?

Output: You can put a life insurance policy on someone else if you have an insurable interest in that person . That means that , if they passed away , it would hurt you financially . E.g. you could take out life insurance on someone to whom you loaned a large amount of money , so that you would get your money back if that person died . Life insurance companies look at immediate family relationships as an emotional loss when death occurs , which justifies financial remuneration . However , even taking out a life insurance policy on a relative will have some financial considerations in determining how much you can put on them .


Input: Can You Put A Life Insurance Policy On Someone Else?

Output: Life insurance is predicated on a personal financial profile that includes a risk tolerance assessment , your financial goals and a life expectancy review . Then you need to establish insurable interest between you and someone else as well as justify the amount of life insurance . How will you suffer from their financial liabilities , future obligations that may affect you ?


Input: Which Is The Best Long Term Care Insurance?

Output: The bottom-line response to this question is `` the long-term care insurance that is in force when you are no longer able to take care of 2 of 6 activities of daily living or are diagnosed with an organic cognitive impairment like Alzheimer 's disease . '' However , the question is an important one and deserves elaboration.The consumer ultimately has to decide what the best long-term care insurance is for them . That requires a sometimes annoying learning curve to find out how the policy works , what the benefits , features , and riders are , and whether one can afford to purchase any kind of long-term care insurance at all.Long-term care insurance is complicated because the issue it addresses is complicated . The risk is that one has about a 1 in 6 chance of needing the help of someone else to bathe , dress , get to a restroom -LRB- in time -RRB- , move from one place to another , be able to eat and/or drink food sufficient for one 's well-being , take Rx medication in the proper dosage at the proper time among other basic daily activities over an extended period of time . These `` ADLs '' or , activities of daily living , are formally defined in a long-term care insurance policy.Clearly , there is a lot of subjective judgment regarding these ADLs and people are often skeptical about who will have the ultimate decision for eligibility to go on claim . Therefore , obtain a `` specimen policy '' from your agent and read it over carefully because that is what you are considering buying - not glossy marketing materials , not agent summaries and simplifications , and certainly not the illustration that might be initially provided for discussion purposes . The insurance contract is a legal document and constitutes the promise of the carrier to the policyowner . If you do n't understand how it works , and you do n't get satisfactory and intelligible explanations from an insurance professional - either the agent , or a carrier representative at the insurance company 's home office - do n't buy it . Here are some general guidelines of the best long-term care policy as represented by contract language : 1 . The definitions section is easy to understand and written in language that does not use technical jargon ; 2 . The section on claims clearly indicates how one can receive benefits3 . There are specifically stated services that the carrier provides at the time of claim to help the insured find qualified and/or skilled nurses for home care and quality-rated facilities should full 24/7 care be needed . This section of the document must include the words `` care coordinator '' and `` plan of care '' .4 . Customer service contact information is prominently displayed in bold type in a font large enough to be easily read by the elderly and is found in several locations in the policy .5 . Contract language allows for the possibility of medical and technical advances in care and medicine for coverage , even though it does not now exist or is not definable at this time .6 . Exclusions are concise and easily understood.The best long-term care insurance is the kind that you understand . It takes a while to figure it out , but this type of insurance could be the difference in your dying alone with no -LRB- or poor -RRB- care while still alive , or dying with dignity with quality care from people that know what they are doing and have the certification and skills to treat you . Take the time and make the effort to be an informed applicant .


Input: Which Is The Best Long Term Care Insurance?

Output: There is no one best Long Term Care Insurance policy . A feature that I think makes a good LTCI policy is the ability to use the benefit for any level of care , even able to use the benefit to pay a family member to care for you . The best policy will have a cost of living increase applied to the benefit , although not everyone can afford that feature . The best long term care insurance will come from a solid company with a history of few rate increases .


Input: Which is the best life insurance company in the US?

Output: Insurance companies are closely regulated by states . State commissioners take aggressive actions to protect policyholders . The best life insurance company is the one that insures you . It is best because it alone is obligated to pay your beneficiary . The key issue is to have a life insurance policy that is in force the day that you need it . No other consideration is nearly as important .


Input: Which is the best life insurance company in the US?

Output: Great question ! The best company is the one that gives you the best coverage for the best price . There are a lot of really good companies out there , and many that are very good in their particular areas of expertise . If you are looking , some things to look at are their ratings by A.M. Best or Standard & Poor 's , for financial stability ; The number and variety of complaints that are on record about them , and how clearly worded their promotional materials are - do they make sense ? -LRB- or just promises ? -RRB- . Hope that helps you , I have a few favorites that I use for specific reasons , if you 'd like to discuss them , please contact me . Thanks for asking !


Input: Which is the best life insurance company in the US?

Output: There are many companies that have plans and coverages that are more fit to any consumer . Although all are different in their own way they serve their purpose to get the best insurance to fit your needs . Companies can be judge on financial ratings , claims , rate , and underwriting . It is all on the consumer . I work with multiple companies so that is how I get the best coverages . Speak an independent agent . Get advice on what is best .


Input: Who Can Be Named The Beneficiary Of A Life Insurance Policy?

Output: The beneficiary of a life insurance policy is chosen by the owner of the policy . When taking out the policy , the insurance company will check to see if the beneficiary is a relative or would suffer financial loss if the insured person dies . A beneficiary can also be a charity , business , organization , or other entity .


Input: Who Can Be Named The Beneficiary Of A Life Insurance Policy?

Output: Who can be named a beneficiary of a life insurance policy ? Just about anyone and anything . You can name your spouse , children , parents , neices , nephews , business partners . You can also name universities , animal shelters , non profits , for profits , banks and other business entities . Being a beneficiary is still something you can decline to accept if you desire . Insurance proceeds would go to the next beneficiary or into the estate or as some people are doing a trust .


Input: Is Health Insurance More Expensive For Smokers?

Output: Health insurance is more expensive for smokers . In fact , under the Affordable Healthcare Act -LRB- aka Obama Care -RRB- , it is one of only three factors considered in calculating the monthly premium - geographic area in which you live , your age and tobacco usage -LRB- Y/N -RRB- . As a smoker , the new law will allow insurance companies to increase monthly premiums to a maximum of 50 % higher than a non smoker .


Input: How To Compare Homeowners Insurance Quotes?

Output: You can easily compare homeowner 's insurance quotes . An experienced broker can provide a comparison of the most competitive rates in your area from the top-rated carriers . You will have to provide some basic information , and within minutes , you 'll be presented with the best offers . The quote will be an estimate of what the actual premium will be . There should be very little or no difference in the two .


Input: How To Compare Homeowners Insurance Quotes?

Output: Start by talking to your Insurance Professional , provide them with all the specific information about your home including the age of your home , style , square footage , any special features etc. . It is important to include information about your home 's proximity in relation to fire services . A reconstruction analysis should be completed in order to most accurately determine the proper amount of coverage needed . Any Insurance Professional should complete this task and so long as the information provided is the same there should net be too much difference in the resulting dwelling amounts . Be sure that the deductible and Liability limits are the same for each quote . Finaly ask about any and all available discounts .


Input: Why Should Someone Get Life Insurance?

Output: There are two basic reasons to purchase life insurance . Life insurance is required by some lenders . That is a reason to have life insurance . Another reason would to have life insurance is because your life is your most valuable asset . It is particularly valuable to those that you love . Purchasing life insurance protects that asset .


Input: Why Should Someone Get Life Insurance?

Output: Do you have loved ones that would suffer financially if you were not around ? Do you have bills that will obligate someone else at your passing , like a spouse ? Would there be an estate tax consequence at the death of you and/or spouse ? Would you desire to make a difference your children and/or grandchildren ? If the answer is yes to any of these questions , then it is smart to get life insurance . Its prudent to get life insurance . And its financial leverage to get life insurance . We can help with that .


Input: How Much Does Life Insurance Cost For 24 Year Old?

Output: The cost of insurance is based on a couple of factors : the state you live in , Age , Gender , Health , Tobacco use and what type of insurance your looking for . Do you want temporary coverage '' Term Insurance '' , permanent coverage '' Whole or Universal Life '' . or something that can be used for future retirement '' Index Universal Life '' . For example $ 100,000 of term insurance on a male non nicotine user should be under $ 10 per month . For and exact quote or to talk about the different type of insurance feel free to contact me


Input: How Much Does Life Insurance Cost For 24 Year Old?

Output: The cost depends on how much you need and for how long you need it . Term life insurance can cover a temporary need and is very affordable . For example , if you need coverage for 20 years , and are in excellent health , it may be possible to obtain $ 500,000 coverage or more for a level premium for that duration that amounts to a little more than a dollar per day . Term life insurance is likely to expire before you do . So , for lifetime coverage that you can not outlive , either now or later , you would need to consider permanent -LRB- cash value -RRB- life insurance coverage and the cost for that is higher . The tax deferred cash value may be a sensible way for you to build long term savings . You should meet with a life insurance professional who can assist you .


Input: How Much Does Life Insurance Cost For 24 Year Old?

Output: How much does life insurance cost for a 24 year old ? Well with all types of insurance , provided you are a healthy individual , the price is pretty low . While Term is cheap at this age , so is permanent coverage and a young person should consider the real advantage of locking in their coverage while it is low cost and has the most time to work in their favor . I am so glad as a 53 year old who at 24 was a very atheletic , fit individual who contracted diabetes at 40 and had a bout with A FIB -LRB- heart problem -RRB- at 53 that I locked up my life insurance in my 20 's , when my good health allowed me to purchase it for cheap money . My rates are locked in , I own the policy , they ca n't take it away , they ca n't make me requalify , the policy does n't `` end '' before I do . This is n't even taking intoaccount all the other benefits a permanent policy provides , but the factit 's `` mine '' I `` own '' it , I do n't rent it .


Input: How Are Annuities Different From Mutual Funds?

Output: Mutual Funds are securities tied to the stock market . They are subject to the gains and losses of the market more directly than an annuity . An Indexed annuity is tied to stock indexes but they are much safer than a mutual fund in that you are protected from the losses of the market . Since you have that protection , you will generally not have the gains of the stock market . Annuities are safe money and a good way to provide for an retirement without the risk . Mutual Funds and stocks have more risk but greater gain potential . Which is better for you depends on your personal situation , goals , and risk tolerance .


Input: How Are Annuities Different From Mutual Funds?

Output: Yes . Mutual funds are a security product under the jurisdiction of the SEC . Variable annuities are also a security as well . Both products could use equities as well as bond instruments . Fixed interest rate , indexed and immediate annuities are insurance regulated generally by the department of insurance of each state .


Input: What Life Insurance Plan Has A Savings Element?

Output: Permanent life insurance such as whole life and universal life has a cash value which represents a savings element . As basic savings vehicle , life insurance cash value is important . 20 % of long term savings in this country are in life insurance and annuities which form the foundation of savings for millions of families . 75 million US families rely on life insurance to provide a tax-free death benefit to protect people and businesses using discounted dollars .


Input: Does Renters Insurance Cover A Lost Engagement Ring?

Output: Your renters insurance may provide some limited coverage for a lost engagement ring less your deductible . Many renters policies will provide limited coverage for jewelry , electronics , appliances , and other personal items . Please remember every policy is different . Read your plicy completely to understand the coverage provided and any exclusions that there may be within .


Input: What Should I Look For In Renters Insurance?

Output: Unfortunately there is no magic formula for recommendations on renters insurance , each policy can be as unique as the person purchasing it . The typical major components of renters insurance are liability coverage , personal property coverage , loss of use coverage , and any endorsements that are necessary to provide higher limits of coverage for specific items . Contact a local agent to discuss your needs and wants when it comes to a renters policy they will be able to explain the coverages available allowing you to make a more informed decision .


Input: How Quick Can You Get Car Insurance?

Output: Getting auto insurance coverage can take as little as a few minutes on up depending on your situation and the information that you have readily available when contacting the agent . When you call a local agent you should at minimum have the names of all to be insured , the drivers license numbers of all to be insured , the vin numbers of all the vehicles to be covered , the dates of birth of all drivers as a start . This is just a start . Contact a local agent to find out all of the information that they require to provide you with a proper quote .


Input: How Quick Can You Get Car Insurance?

Output: Usually , if you have all driver information , ss , dr license , date of birth , ss number and name of prior insurance company with their policy number and all auto information such as mileage and identifiication serial number AND if you need physical damage coverage -LRB- required by law by banks -RRB- upi will need the vehicles at the agent office for inspection and one adult owner operator . Done in a hour unless you want to talk about your neighbors , ex husband , grand kids , politics or religion then it usually is at least 4 hours to two days


Input: Is Military Health Insurance Free?

Output: For active duty , AGR , and ADOS personnel the answer is yes . Basically whenever you are on orders for more than 30 days . TRICARE is the military provider and very few things are `` out-of-pocket '' as long as you stay within their guidelines . Reserves and National Guard have the option to purchase TRICARE for a specified monthly premium . It changes from year-to-year but it was only a few hundred dollars per month the last time I used it in 2008 . However , compared to most employer plans the premium is relatively low even for a family .


Input: How Do Companies Make Money From Life Insurance?

Output: Companies make money from life insurance premiums . If the number of death claims causes the life insurance company to pay out more than is brought in , the company needs to go into reserves to pay claims . That is why it is so important for life insurance companies to be financially sound , and it is also why underwriting for a life insurance policy usually requires an exam . The life insurance company is protecting itself , and its policyholders , by assessing risk accurately .


Input: What's Voluntary Life Insurance?

Output: Voluntary life insurance is the life insurance you purchase with your own funds , when offered to you at group prices through your employer . It can be the entire amount of life insurance you have at that workplace , or if your employer pays for some life insurance for you , voluntary life insurance is the amount you purchase in addition to that .


Input: Which Kind Of Life Insurance Is Best?

Output: The best kind of life insurance is the one that best suits your needs and budget . There is a reason that there are different types of life insurance . It is because some are best suited for final expense -LRB- Whole Life -RRB- , some for retirement income -LRB- IUL or VUL -RRB- , some for temporary needs such as raising children -LRB- Term -RRB- , some for business or estate planning -LRB- depends -RRB- . In order to get the best life insurance for you , it is helpful to visit with a knowledgeable agent who carries lots of choices .


Input: Which Kind Of Life Insurance Is Best?

Output: The best kind of life insurance is the life insurance policy that accomplishes your goal at the best possible rate . There are two basic types of life insurance . The first is cash value life insurance which can insure you your whole life , provide funds for children 's college , provide tax free retirement or provide funds for a critical illness . The second type of life insurance is term life . Term life insurance can create an instant estate , pay off a large debt such as a mortgage or student loan , provide a business funds in case of a death of a key employee and is the most affordable type of life insurance .


Input: What Is Flexible Premium Life Insurance?

Output: Flexible premium life insurance , or universal life insurance , offers the ability to adjust the premium and other policy features as one goes through different stages of life . The face amount can also be adjusted -LRB- downward ; it would take new underwriting to make the policy larger -RRB- . The premium can be made smaller or larger , and money can be dumped into the policy to accumulate more cash value or cause the policy to last longer .


Input: What Is Flexible Premium Life Insurance?

Output: Flexible premium life insurance is one of the titles for universal life insurance . Universal life insurance has four policy types : current assumption , guaranteed , indexed and variable . Guaranteed universal life is the least flexible , although you can alter the policy , it 's not built for changes in premium . The other policies can also be used for supplemental income .


Input: Can An Annuity Be Rolled Over Into An IRA?

Output: Assuming the question is referring to an existing non-qualified annuity that you desire to use in funding an IRA , the following would occur : Your name may be the same on the annuity as well as the IRA , but it reality , your changing ownership registration . If that happens your annuity , if effect , is being surrendered and that surrender will trigger an ordinary income tax event on the gain in the policy . If youre under age 59 an additional 10 % penalty will be assessed as well . And dont forget non-qualified annuity basis is tax free , by inserting it into an IRA ; you give up the tax free status of basis because all IRA distributions are an ordinary income tax event . Also keep in mind that IRAs have contribution limitations , $ 5,500 under age 50 and $ 6,500 over age 50 . Most non-qualified annuities are larger than that . Before moving forward with any changes consult a tax advisory or CPA .


Input: Which Is The Best Retirement Plan?

Output: The best retirement plan for you needs to be tailored to your financial goals . You need to determine whether you are going to fund a qualified or non qualified plan . You need to determine your retirement time horizon . How long and how much will you contribute ? You need to establish your risk tolerance . What returns are you looking for and what is your risk to your contributions ? You need to estimate your life expectancy . How many years will I live during retirement ? These are a few factors that can assist you and your adviser is selecting the right retirement plan for you .


Input: Much Does It Cost To Buy My Own Health Insurance?

Output: It depends on many factors including where you live , your age , the type of coverage you need and what specific carrier you prefer to be insured with . An experienced independent health insurance broker and/or a reputable and reliable website can provide specific rates , coverage details and an application so you can easily purchase the best available policy . After 2014 , existing medical conditions will not be considered in the underwriting of your policy . You may also be eligible for a federal tax subsidy that could potentially reduce your premium .


Input: Who Should Own Life Insurance Policy?

Output: Who should own a life policy depends on facts and circumstances surrounding the purpose of the insurance . Often the owner is the insured and names a spouse the beneficiary . Life insurance purchasers are required to have an insurable interest in the life of the insured . Insurable interest generally must exist at policy inception . The underlying principle is that a purchaser must have a reasonable expectation of profit or benefit from the continued life of the insured . You have no limit on insuring your own life so you can name anyone as the beneficiary of your own policy . When you take out a policy on the life of another , there are limits on who can own the policy : 1 . Family members related by blood or marriage have an insurable interest in each other e.g. Parent/child and child by adoption , siblings , spouse , grandparents/grandchildren , and in some states , engaged couples . There is generally no insurable interest in nieces/nephews , cousins , aunts/uncles , other relative by marriage or stepparents/stepchildren . 2 . Creditors have insurable interest in a debtor to the extent of the debt . 3 . Business relationships which give rise to a financial dependency : an employee can insure an employer or vise versa . Partners can insured each other . Key employees can be insured by their employer . So , for example , two cousins who would otherwise not have an insurable interest , jointly own a business and therefore have an insurable interest in the other . The life insured always needs to consent with their signature and would need to consent by signature to the release and use of their medical information in the underwriting process for underwritten policies .


Input: Who Should Own Life Insurance Policy?

Output: This is a great question . The owner of the policy is normally the insured , and also the insured normally is paying for the policy . However , in some cases , the insured is not paying for the policy and does not want control over it . For example , I have clients where the adult child pays for and is the owner of their parents ' policy .


Input: How Can I Get Renters Insurance Online In California?

Output: Renters Insurance is available in California from a variety of providers . Primarily , you should assess how much personal property coverage you will need , the amount of personal liability coverage and the policy deductible . We have a link available for you to obtain a quote and purchase the policy directly online : WEBSITELINK Should you have any questions that are unanswered by technology , it would be a good idea to speak to a licensed professional !


Input: How Can I Get Renters Insurance Online In California?

Output: In order to obtain renters insurance you pretty much have to go through an agent . I am in California and can assist you with a renters insurance policy . My agency represents multiple insurance providers to help insure we find you the right coverage 's at the right premium . Visit us at our website at twfgcalifornia.com


Input: How To Shop Around For Car Insurance?

Output: One way to `` shop around '' is to consult with an independent agent . Because we are independent , we research the auto insurance market to find the best price and coverage for you . Often times when you combine auto and homeowners or renters insurance , the total account discount can result in significant savings .


Input: Who Is A Key Employee In 401K?

Output: An employer can establish a defined contribution retirement plan in accordance with Internal Revenue Code 401 -LRB- k. -RRB- The employer is responsible for the plan documents including definitions . While not required there may be some mention of key employees . If your plan has provisions like this , they would be in the plan document which is available from your employer .


Input: What Is A Premium On Homeowners Insurance?

Output: Premium is the cost of the policy , what you paid the insurance company to insure your house , auto , life , businesses , etc. . How it works is the actuaries -LRB- number crunchers -RRB- at the insurance companies calculate how much premium is need to cover a risk . Due any number of reasons such as bad losses , increased expenses , investment losses , premiums rates can fluctuate from year to year . This is why you want an independent insurance agent to help you keep tabs and shop your best options on the market .


Input: Who Should Buy Short Term Disability Insurance?

Output: If you and/or your family would be in trouble if you were to be off work for a week or more , you should buy Short Term Disability Insurance . If you have little to no sick leave at your place of employment , you may want to buy Short Term Disability Insurance . Unlike Long Term Disability Insurance that has a waiting period before you can collect on it , STDI will pay within days . So any family that relies on one salary to pay important bills without reserves to pay them should consider purchasing this type of coverage .


Input: Does CA 50/50 marriage law play into party when it comes to life insurance?

Output: California is a community property state . The assumption is that the money used to purchase the life insurance policy comes from community property funds ; therefore the spouse has half ownership of the insurance policy . Most companies will require that the spouse sign the application unless they are named as the primary beneficiary . I just had a man come in and do that .


Input: Does CA 50/50 marriage law play into party when it comes to life insurance?

Output: Great question ! Insurance policies have three moving parts . The owner , the insured , and the beneficiary . The owner holds the right to changing the beneficiary ; The insured is the person that the policy is taken out on ; and the beneficiary is the person who gets paid when you -LRB- the insured -RRB- pass . Do you know who was listed as the beneficiary ? That 's what you really need to know . My understanding of the 50/50 law in your state as explained by a couple of lawyers , does n't mean all debts or assets are necessarily split 50/50 . I 'd advise strongly that you ask the agent or company who holds the policy who they award the ownership to , and your lawyer . Good luck ! Thanks for asking !


Input: Does CA 50/50 marriage law play into party when it comes to life insurance?

Output: Jim 's advice is spot-on here . The question and issue is so important that you should pay an attorney to advise you , especially given that 50 % of the policy 's proceeds might be at stake for you . You also mentioned in your question that your father passed away and that you were the `` insured . '' I think you are the beneficiary and he was the insured . So that check that out with the attorney as well and make sure to get sound legal advice before your turn in your father 's death certificate , so that there are no surprises . The life insurance company can also tell you if your father maintained sole ownership or if he ever added another owner .


Input: What Retirement Plan Is Right For My Small Business?

Output: When you 're considering a retirement plan for your small business , you have several considerations : Do you want to fund yourself or employees as well ? Do you want a tax deduction or no because your business is already generating no taxable income ? When you answer these questions , it will help you in your search for the right plan .


Input: What Can I Claim On My Renters Insurance?

Output: A renters insurance policy is very similar to a homeowners policy . If you experience damage to your personal property due to fire , smoke , lightning , and other covered losses you wold be entitled to file a claim . Most insurance carriers also provide some moneys for loss of use which will provide you money to secure another residence . Every carrier and policy is different . Please read your policy completely to understand what coverage it offers and what exclusions there may be or contact your local agent to have them go over it with you .


Input: How Is Disability Insurance Funded?

Output: Private Disability Insurance is funded by the premiums that the Insured person pays into it , and then the secure investments that the life insurance company uses to put the premiums in , to create a pool of money from which to pay claims . Group Disability Insurance is funded by the employer .


Input: When Do Life Insurance Companies Not Pay?

Output: It is very rare for a life insurance company to not pay the death benefit proceeds if the life insured has died and proof of death has been submitted . Basically it comes down to either suicide or a material misrepresentation in the first two policy years of the policy . If a life insurance company does not pay a death claim in these situations at the conclusion of their investigation , they would return premiums paid with interest . Life insurance is something you need to qualify for in advance - the insured must be insurable , the owner must have an insurable interest , etc. . For a life insurance claim to be denied , after an investigation , the insurance company would have to contest it within the first two policy years on the basis of a material misrepresentation made during the application process or the insured would have to have committed suicide within the first two policy years . An insurance company may not normally contest a claim after the first two years of a policy except in cases of fraud .


Input: When Do Life Insurance Companies Not Pay?

Output: In the first two years after the policy has been kept in force there is a contestability period for suicide , misrepresentation and fraud . Keep in mind that certain life insurance companys death claim due diligence processes may continue after the two year contestability period based on some forms of fraud and criminal activity surrendering the insured 's death . If it feasible that a life insurance company to experience financial problems , fall into receivership of the state -LRB- a form of bankruptcy -RRB- and affect claims paying ability .


Input: Is Critical Illness Insurance Deductible?

Output: This depends on what type of critical illness insurance we 're talking about . For individual policies purchased privately , no premiums are not deductable . For group plans offered by employers , premiums can be deducted by the employer .


Input: Is Critical Illness Insurance Deductible?

Output: Critical Illness Insurance premiums are not tax deductible to individuals purchasing Critical Illness Insurance policies . However , if the insured person is diagnosed with a qualifying critical illness , the benefit paid is not taxed to the person who collects on the policy when the benefit is paid out to them .


Input: Is Tree Damage Covered By Homeowners Insurance?

Output: If your plants , trees , shrubs or lawn are damaged , vandalized or stolen your homeowners policy should cover the loss . There are specific perils that it covers ; fire , lightning , explosion , riot , civil commotion , and aircraft . It does not include damage done by a vehicle owned or operated by a resident of your home .


Input: Is A Life Insurance Policy Void If The Application Was Completed Incorrectly?

Output: It really depends on what is meant by `` completed incorrectly '' . Mistakes happen some times at point of application as long as they are corrected prior to issue those are usually fine . You would sign an amendment upon delivery and policy would be placed in force . If you mean `` incorrectly '' meaning falsely or malicious that can certainly void a policy . If proven it could be an even bigger issue as you will sign a statement that is true and correct to the best of your knowledge . That is considered insurance fraud .


Input: Is A Life Insurance Policy Void If The Application Was Completed Incorrectly?

Output: No , your life insurance policy is not void . You said you did not smoke at the time your mother filled out the application , so checking the nonsmoking box was correct at that time . No one can foresee the future , and life insurance companies do not expect you to anticipate whether or not you will start smoking several years later , any more than they expect you to predict if you will get a serious illness or marry someone who wants you to scuba dive with them . Do n't cash it in . It is fine .


Input: Is A Life Insurance Policy Void If The Application Was Completed Incorrectly?

Output: That is an interesting question ! If you were asking about something simple , like spelling errors or unchecked boxes , in most cases , probably not . But when it comes to matters of incorrectly completing them with the intent to defraud or mislead -LRB- on either your , or the agent 's part -RRB- then yes , not only will it lead to the policy being voided , but often to civil and criminal charges . Insurance fraud is a bad deal . Now , since you explained that the policy was correctly filled out at its ' time of issuance , this becomes more a question of your integrity . You 've started doing something that would have changed the terms of the policy , so do you stop doing that , or have your policy amended to reflect your decision to smoke ? The risk to yourself , and now the insurance company has just increased dramatically . What you do to yourself is one thing , but to make someone else bear that risk unknowingly is another . Do you think they will be quick to pay if they learn that you pass from a smoking related disease developed over time , and that your policy said `` non-smoking '' ? You have a decision to make , and I hope that it is the right one . Thanks for asking !


Input: Is A Life Insurance Policy Void If The Application Was Completed Incorrectly?

Output: Answers on an insurance application are representations . It means that the answers given were true to the best of your knowledge at the time the question was asked . If during the underwriting process someone discovered a birth certificate that showed that they were actually a different age that could become a part of the policy as an amendment .


Input: How Much Does Motorcycle Insurance Cost?

Output: Just like car insurance , there are many factors that are used to develop a premium for Motorcycle Insurance . Your age , driving record , credit history and location as well as the year make and model of the bike are all such factors . In addition , if you have other business with the insurance company like your homeowners and car insurance , multi policy discounts might apply . I am in Connecticut and have all my insurance with the same company and pay $ 220.00 for the year for full coverage and high liability limits on my '08 Suzuki Boulevard C50 .


Input: Who Must Offer Health Insurance?

Output: No one is required to offer health insurance , but employers are strongly encouraged to offer it as a way of attracting people to come work for them . Depending on how many employees there are for a given company , the employer may be subject to employer shared responsibility payments if they do n't offer group coverage and meet enrollment requirements . Employers also often offer group health insurance because they can get certain tax deductions and tax credits for doing so and enrolling employees .


Input: Who Must Offer Health Insurance?

Output: Employers are encouraged but not required to offer health insurance to employees . The federal government uses a carrot and stick approach to encourage employers to offer health insurance . The carrot comes in the form of premium tax deductions , payroll tax saving on employee contributions , and tax credits to small businesses . The Affordable Care Act uses the stick . There are penalties that employers of certain sizes may have to pay if they do not offer an affordable option -LRB- 9.5 % of family income -RRB- , or if employees purchase subsidized plans in the individual market .