Input: What Are The Different Kinds Of Life Insurance?

Output: There are two genres of Life Insurance , -LRB- Term and Permanent -RRB- , but there are at least 10 different Kinds within those genres . So your question is a very important one to know the answer to ! Universal Life is most often referred to as Permanent insurance , but it 's really a hybrid of Term and Whole Life ... and it will expire and be void of cash value and any benefits at some point unless you ` over fund ' it . Unfortunately that part is rarely explained to people when buying insurance . The main kinds of Term Insurance are Mortgage , Credit and Life . They 're all basically the same in that they are in force for a limited period of time and pay the benefit amount to the named beneficiary upon the death of the insured . In the case of mortgage and credit policies the beneficiary is the mortgage or credit provider . In the case of Term Life usually the beneficiary is the spouse , children or other relative of the insured . Also with Term Life there may be an accelerated benefit rider that pays a percentage of the death benefit to the insured in the case of critical or chronic illness or injury . There are a large variety of Permanent Life policies available . Whole Life Paid Up at a predetermined age , -LRB- such as 65 , 95 , 121 , etc -RRB- , is the kind that never ` expires ' and continues to grow cash value until the benefit is paid . As mentioned above there are `` Universal Life '' policies , which can be ` fixed ' , ` indexed ' or ` variable ' . Indexed and variable are tied to the stock market with regard to their cash value , but all are a hybrid of term and permanent . There are other kinds of Whole Life designed for business partners , -LRB- Buy out -RRB- , and for businesses , -LRB- Key Man -RRB- , etc. . So when looking to implement life insurance your best bet is to utilize the services of an insurance Adviser who is not tied to just one provider and can be unbiased help you to determine the best policy for your specific needs and goals . Please contact me if you want more information .


Input: What Is Bankers Life Insurance?

Output: Bankers Life is not an insurance policy it is the name of a company . There are actually several companies that include Bankers Life as part of their name . Bankers Life and Casualty is the largest . There is also Bankers Fidelity and others but when people say Bankers Life they are usually referring to Bankers Life and Casualty .


Input: Do You Need Long Term Disability Insurance?

Output: That depends on how long you could live without your paycheck . Long term disability insurance is designed to replace a portion of your income if you were to become sick or injured and could no longer work . Consider how much your ability to make an income is worth . If you make $ 50,000 per year and assuming you never got another raise and were planning on working for 30 more years , your income would be worth $ 1,500,000 -LRB- $ 50,000 X 30 -RRB- . This about it this way ... if your car is worth $ 15,000 and lets assume you pay $ 100 per month for car insurance . If your income is worth $ 1,500,000 , does n't it make sense to pay $ 100 per month for a long term disability policy to protect that ?


Input: Do You Need Long Term Disability Insurance?

Output: Do you need long term disability ? Well it will depend on what you have saved and set aside for yourself . Having assets that you are willing to liquidate allows you to push the need for long term care back and will lower the premium . The need is going to be based on what you have , what you need and what standard of living you want to maintain if you become disabled .


Input: Do You Need Long Term Disability Insurance?

Output: If you can not live for more than a few months without your paycheck , you need long term disability insurance . Becoming disabled , even for several months , is a traumatic experience . It affects you physically and emotionally . Being faced with financial hardship on top of that can be devastating . Disability insurance pays you income while you are disabled , in cash , so you can use it where it is needed . Nothing is more valuable than that when you are hurting and unable to pay your bills , aside from getting better and the support of those around you .


Input: Can An Illegal Immigrant Get Life Insurance?

Output: Most life insurers in the US stipulate that the proposed insured must be a permanent resident of the US . That means a US citizen or a non US citizen who is a lawful permanent US resident -LRB- green card -RRB- or on certain visa types . There would also have to be a means to pay premiums and a demonstrable life insurance need i.e. generating earned income or assets to protect here . Some insurers have developed foreign national programs that can also work in situations where established US interests and ties exist plus meeting some additional criteria . Citizens of some countries may not be eligible . It can be a complex area of field underwriting - so much so that our firm has developed a special questionnaire to help shop for coverage . Be sure to work with a life insurance professional with experience in this area .


Input: Can An Illegal Immigrant Get Life Insurance?

Output: There are several life insurance companies that do not ask the citizenship question . Therefore , an illegal immigrant can purchase life insurance regardless of citizenship status . You will need to shop to find those carriers as most mainstream life insurance companies will require citizenship or permanent resident status . In order to purchase life insurance all of the other questions must be answered and there must be reasonable health , means to pay premiums , a need for the life insurance and an insurable interest as a beneficiary . I would recommend using an experienced independent life insurance broker to help find those life insurance carriers that do not ask the citizenship question .


Input: Can An Illegal Immigrant Get Life Insurance?

Output: Life Insurance is sold internationally , so as long as a person can show he has the means to pay and can qualify health-wise , his alien status is not an issue . I have not seen any question on a life insurance application that would disqualify a person due to alien status .


Input: Who Offers The Best Life Insurance Plan?

Output: The life insurance company that offers the best life insurance plan is the one that has the best price for the exact coverage you need from your unique situation . Here is the problem all policies are completely different and the insurance company has a different risk tolerance and marketing budget to have a one size fits all price . I recommend using an experienced independent broker to professionally shop for the best product at the best price to meet your goals and needs .


Input: Who Offers The Best Life Insurance Plan?

Output: Of course , the best policy is the one you can afford . But , in my opinion , the best product is an Indexed Universal Life Policy , through National Life Group , and brokered through Premier Financial Alliance . Why ? Because that policy offers Living Benefits , including chronic illness , chronic care , and more , all at a cost the same or less than most companies offer their simple life insurance policy with payment by those folks only at death , while National Life will pay you while you are alive ! Talk with an agent enrolled to sell these exclusive products . GARY LANE . Thank you .


Input: Who Offers The Best Life Insurance Plan?

Output: There is no one company that offers the best life insurance plan . Insurance companies usually have a niche where they have better prices , or are more risk tolerant , or offer more features , or have better returns than another company . Finding the company that has what you need makes it the best plan for you .


Input: Who Offers The Best Life Insurance Plan?

Output: The key is to contact a recommended life insurance agent . Friends , colleagues , and neighbors will be happy to give you a recommendation . A good agent will listen to you , provide sound financial advice and communicate clearly with you and the company . The agent is trained to match your needs to your budget .


Input: How Do Life Insurance Companies Test For Smoking?

Output: When applying for a policy that uses medical underwriting , most life insurance companies test for smoking through both a urine test and a blood test on samples collected during the life insurance exam . If you are purchasing a policy that does not require taking an exam , neither of these tests are done .


Input: How Do Life Insurance Companies Test For Smoking?

Output: Yes they do . The urine analysis test captures cotinine levels a byproduct of nicotine . Amazingly enough it doesnt take many cigarettes to detect cotinine , so reducing or quitting cigarettes just before the test is futile . That being said , cigarette secession has benefits that many life insurance companies credited to the policy insured if they stop smoking .


Input: Which Are The Best Variable Annuities?

Output: Variable annuities are securities . You can lose all your money , unless you deposit the entire amount into the guaranteed interest rate account . Before moving forward with variable annuity recommendations you must first , like all security purchases , establish your financial profile , risk tolerance and economic goal to establish client suitability for this and/or any other product . The present variable annuities may be too expensive for the value proposition of an investor . Last decade , during the interest rate arms race , variable annuities had economic viability . Today these policies have changed enough to warrant due care examination of the cost versus the value they deliver .


Input: What The Best Life Insurance Policy To Get?

Output: The best life insurance policy to get is the one that will pay a death benefit when you die . If that isnt your concern , then it would be a policy that pays a death benefit should you die during a specified period of time . The best policy in the first case is a permanent policy with a guaranteed death benefit . In the second situation select a term policy that will cover the period of time that concerns you .


Input: What The Best Life Insurance Policy To Get?

Output: The best life insurance policy for you is the policy that accomplishes all of your financial goals for the best premium rate for your age and health . You first have to determine the face amount of life insurance needed , then determine the time period needed . After that , you need an experienced agent to help you determine your rating class based on numerous factors like age , build , health , lifestyle , income , etc. . THEN you can determine the best life insurance policy to purchase .


Input: What Is Car Insurance Group N?

Output: Car insurance group N is a rating for vehicles in Britain . It typically is referring to a car that is fairly high-performance and probably expensive to insure . Here in the US , we use -LRB- almost all carriers -RRB- different types of rating . Symbols are often assigned to the vehicle you are insuring , which is one factor that helps determine the rate .


Input: Which Homeowners Insurance Is Best?

Output: I really like Frank Lombards answer . I would just add that the company is important but certainly not critical . The essential elements that make a policy best are the relationship that you have with the agent and the limits that you select . You are choosing someone who you want to stand with you when the unimaginable occurs , chose well .


Input: Which Homeowners Insurance Is Best?

Output: -- > Normal 0 The Best homeowners insurance policy is the one that is going to do what you want it to for what you are willing to pay . So what do you want it to do ? Pay for any damage to your home ? The Best policy would guaranty your home would be repaired or rebuilt if damaged by any cause . All policies will have exclusions or limitations . The Best policy will have the fewest exclusions or limitations . Reimburse you for loss or damage to your personal property ? The Best policy will repair or replace -LRB- new for old -RRB- your property should it be damaged from any cause . Again , most policies will have exclusions and limitations , the Best policy will have the fewest exclusions and limitations . The Best policy will include a Personal Liability limit not less than $ 300,000 and offer a good Personal Umbrella should you need or want higher limits . The Best policy will be offered by an agent or insurer who will take the time to alert you to all the policy amendments available to address your specific needs . The Best policy will be offered by an agent or insurer who will stand with you should a claim occur and help you return to your pre-loss position . In my opinion , the Best policy will be the one that will do all the above for the most favorable premium .


Input: What Is Meant By Deductible In Health Insurance?

Output: A Health Insurance deductible is the amount you would be responsible to pay before your policy would begin paying for covered services . In addition to the deductible , it is quite possible that you also have a `` co insurance '' amount as well . This is a percentage of the amount you would be responsible for paying AFTER meeting the deductible . Check with your Insurance Professional about the terms and conditions of your particular policy .


Input: How Much Is Health Insurance With Obamacare?

Output: In addition to Jason 's excellent and accurate answer above ... the cost to the insured may be lower than the total premium if they qualify for an advanced premium tax credit and decide to take it . If they qualify for the subsidy and do n't take it in advance they will still receive the money in the form of a tax refund the following year . A large portion of the countries population qualified for tax credits this year and reduced their overall premiums significantly . It 's vital to work with a marketplace certified and experienced health insurance agent to help you navigate these areas .


Input: How Much Is Health Insurance With Obamacare?

Output: As an individual your health insurance rates will be determined by your geographic locale , your age , whether or not you use tobacco and the level of coverage you desire or can afford -LRB- whichever comes first -RRB- . After that you and your family have to fall within certain adjusted grossincomeranges of the Federal Poverty Level -LRB- 100 % to 400 % of the Federal Poverty Level in most states -RRB- in order to determine what level of premium subsidy -LRB- if any -RRB- you might qualify forplus any additional reductions in out-of-pocket expense subsidy a person might qualify for . How much is ObamaCare for you ? No one can tell you without the information I 've outlined above . On a national average basis , preliminary 2014 premium cost was around $ 328 but that 's a meaningless figure as it relates to your particular situation . As it is after the end of the open enrollment period for this year I am somewhat concerned that you are still looking for insurance . If you have recently aged off of a parent 's plan or had a change of life status event like a divorce you do have 60-days to apply for individual coverage . Please feel free to contact me if you need any assistance .


Input: How Much Is Health Insurance With Obamacare?

Output: If you 're an individual buying on or off the exchange -LRB- and not securing group coverage through an employer -RRB- , you need to consider the level plan you want . There are four metal plans : bronze , silver , gold , and platinum . Bronze plans generally cover about 60 % of your healthcare expenses , Silver is 70 % , Gold is 80 % , and Platinum is 90 % . So , in short , the better the benefits that you want to have , the higher the premium will be.There 's also a catastrophic plan , but these are only available to individuals under age 30 . How much your health insurance costs is going to depend on several factors : your age , where you live -LRB- zip code -RRB- , what level plan you want , and which carrier your policy will be with . There are many factors that go into the pricing of a product for a specific area . Everyone 's tolerance for cost is different as well . I recommend contacting an independent broker to help get yourself set up with a health insurance plan .


Input: How Much Is Health Insurance With Obamacare?

Output: Health insurance with Obamacare can be very affordable ... if you qualify for a subsidy . I 'll be very brief and accurate when answering this question . The cost of health insurance will vary depending upon where you live , your household income , your age and your smoking status . An experienced broker should help you -LRB- no charge of course -RRB- so you save time , money and frustration ! Quotes are free ! Live answer provided by : Ed Harris - Experienced health insurance broker -LRB- for 33 years -RRB- with top-rated website .


Input: Why Would A Person Buy Term Life Insurance?

Output: Some reasons a person would buy Term Life insurance are : 1 -RRB- they feel that their need for life insurance is going to go down or disappear after the length of the term , 2 -RRB- they do n't feel that they can afford permanent life insurance , 3 -RRB- they are required by a loan or other contract to purchase a term policy , or 4 -RRB- they are just providing for a contingency while saving up enough money to provide for their needs in other ways in the future . A reputable life insurance agency can guide them through this decision making process so that the type of insurance they purchase realistically meets their needs .


Input: Why Would A Person Buy Term Life Insurance?

Output: Term life insurance is often purchased when a consumer wants the maximum amount of coverage for the least cost . Often , in this situation , benefits are only needed for a fixed period of time ... perhaps 15 or 20 years . Term life policies are issued by most major carriers and policies can be canceled at any time . There is no cash value or loan value , so they are not designed to provide any equity or liquidity in future years . Term coverage is often kept until either all dependents in the home are self-sufficient or additional money is not needed in case of a death of the insured . A licensed experienced broker can easily review which type of policy is the most cost-effective , and which carrier provides the lowest available rates based on your health history .


Input: Why Would A Person Buy Term Life Insurance?

Output: Term life insurance is needed when you have a temporary debt that you do n't want others to be burdened with such as a home mortgage , car loans , credit card debts , college tuition , etc. . Coverage for items such as income replacement and leaving a legacy to your family should ideally be covered by a permanent life insurance policy . I would recommend consulting with an experienced independent life insurance broker who can work with you on a personal level to help you determine how much coverage you should have in place and how long you should have it for . Since budget is an obvious concern for most , many people will create a coverage structure that will best serve their needs even if it can not cover everything . 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: Who Insures Annuities?

Output: Annuities are backed by the full faith and credit of the issuing life insurance company . These companies are subject to state regulations . The commissioner in your state works to make sure that every annuitant receives every penny that was guaranteed by the annuity . Annuities can have different types of investment portfolios until the time that they start paying a lifetime income . At that point it is the full faith and credit of the company and they will direct the investments subject to law .


Input: Who Insures Annuities?

Output: Annuities are not insured by any outside source . They are guaranteed by the claims paying ability of the Insurance Company that issues the Annuity . The best way evaluate the claims paying ability of an insurance company is by their financial ratings . Independent companies rate the insurer to provide a grade that indicated their ability to meet their obligations . Generally speaking a A or better is considered stable . Also , insurers are required by law to invest an appropriate amount of premiums into US Treasuries -LRB- mostly US Treasuries -RRB- , so that they can meet their obligations to policy holders . Since US Treasuries are considered the safest investment on the market , Annuities are considered one of the safest investments on the market as well .


Input: What Is A Cheap Car Insurance For Young Drivers?

Output: Auto isurance rate vary from carrier to carrier and geographic location to geographic location . Call local agents in your area to discuss coverage availability and pricing . Select an agent that you feel comfortable working with and that you will do the best job looking out for your 's and your family 's coverage needs .


Input: Will A DUI Affect My Car Insurance?

Output: Great question ! I hope sincerely that you never have to find out . The answer in almost every case is yes . Driving under the influence increases your risk for an accident exponentially and you know that as your risk increases , so does your premium . Some companies will cancel your policy , and getting another policy will be difficult . Thanks for asking !


Input: Will A DUI Affect My Car Insurance?

Output: A DUI will impact your car insurance rates , although the increase in premium will depend on several factors , including the company you are insured with , your driving record -LRB- other than the DUI -RRB- , number of vehicles insured and liability limits that you carry . As an experienced car insurance broker -LRB- for 33 years ! -RRB- , we work closely with any customer who is convicted of a DUI . It 's important to maintain quality coverage , but , of course , it 's also important to ensure all discounts are being applied , and all options are reviewed so you pay the lowest available rate .


Input: Will A DUI Affect My Car Insurance?

Output: When you are convicted of a DUI you will be required to notify the DMV of your financial responsibility . That will trigger a reaction by your insurer . They will know immediately that you have been convicted of DUI . What they do at that point will vary . At renewal you will find that you have been assessed points for the DUI and those points will trail you for 10 years in California . In California you will also lose your good drivers discount . Sometimes clients think that this is the time to shop for auto insurance . Unless you simply can not pay the premium , dropping coverage at this stage is not in your best interests . Your existing insurance company is likely to treat you with more consideration than any subsequent insurance company . By the time you pay the fine , pay for the drivers education course and face the doubling of your auto premiums you will determine that drinking and driving does not pay in California .


Input: What Qualifies For Disability Insurance?

Output: You have to have earned income to qualify for disability insurance as well as good health history and current medical condition . Disability insurance is an important employee benefit for key executives in any organization . Bottom line , disability insurance is paycheck insurance . Protecting your income , either with with tax free or taxable benefits is a great retention and recruiting tool for a business .


Input: How Much Will Medicare Rise?

Output: Every year Congress decides how much of tax revenues to allocate for Medicare spending . They also set the deductibles for the coming year as well as premiums for Part A and Part B . This is all done under a full moon at midnight following the swinging of a dead chicken over their head ceremony . Seriously , there is no predicting what Congress will do since it is based on political whim and has nothing to do with inflation , costs or anything else . Over the last few years deductibles and premiums have risen 4 - 6 % which is an effective cost to you of 8 - 12 % .


Input: What Is Scheduled Health Insurance?

Output: Scheduled Health Insurance plans are not meant to replace traditional Comprehensive Health insurance plans and are more of a basic policy providing access to day-to-day health care such as going to the doctor or getting a prescription drug . They are often offered by associations that provide the plan to members of the association only . These associations must be formed for reasons other than to sell insurance . They are very limited compared to a comprehensive health plan and are not meant to cover catastrophic events . Although these plans cost less than a comprehensive plan , they are limited and pay benefits directly to their providers based on the `` schedule of benefits '' outlined in the plan . Resources : WealthAcademyPh.com Wikipedia


Input: Does Life Insurance Check Your Credit?

Output: Unless you are applying for a very large policy , credit is not usually an issue when it come to life insurance . The only reason a company may check credit is to determine affordability and the need for a large policy . I have never had a credit issue with an application for life insurance .


Input: Does Life Insurance Check Your Credit?

Output: Life insurance will check to see if you are in bankruptcy or working on a settlement plan , and this could involve checking your credit , as I have found out by experience . It takes a large policy and a very poor credit record for it to be a problem . Even in the midst of bankruptcies there are policies that can be purchased .


Input: Can You Smoke Weed And Get Life Insurance?

Output: You sure can toke and get life insurance ... . kinda ... Do n't take all our answers as a 100 % YES that you can ... . Since the time of the last posts , a LOT has happened politically around the subject of weed . Some life insurance carriers have lightened up on their guidelines as well . If you like a little bud from time to time , HERE ARE THE TIPS I have wen looking for life insurance : 1 -RRB- BE UPFRONT . You 're going to have to pee in a cup and donate a little blood . So do n't lie . Tell the agent you smoke !! 2 -RRB- Be honest about how much & how often . How much and how often is very important when picking the right carrier . If you have any more questions , reach out !! - gravy


Input: Can You Smoke Weed And Get Life Insurance?

Output: Yes , you can smoke weed -LRB- marijuana -RRB- and get life insurance as long as you do not have a history of substance abuse . You will most likely have to pay smoker rates , just as a social cigarette smoker would pay , but they can be as good as Preferred Smoker premiums if your health is good and you do not overindulge .


Input: Can You Smoke Weed And Get Life Insurance?

Output: You can smoke weed and get life insurance . For those of you that are a bit confused , `` weed '' is not the weeds that grow in your grass . It is a slang , but accepted term for marijuana . It is likely that your rate may be higher and the last time you smoked will impact the rate you pay .


Input: Can Auto Insurance Be Deducted On Taxes?

Output: If you are using your auto for business and have your own business you can write a portion of the premium off if you have it on a personal auto policy . but if you have a business auto policy and use that car for business only then the entire premium can be written off .


Input: What Is Key Employee Life Insurance?

Output: Lets suppose you own a business . Obviously you cant do everything yourself , so you need to hire people with special skills . Collectively you can get to where you want to go . The people with special skills might include a high-ranking executive . Might also include a highly skilled technician . Perhaps a top salesman . All these people play roles that are key to the operation . And you , as the entrepreneur of the enterprise , are very much a key person too . This is not to say that people who are not key do not bring value to the company and are not important . If all the business needed was key people , why would you hire anybody else ? But key people are the ones whose loss would create the biggest problems . Sales could go down . Vendors might not get paid . Clients might get nervous about orders being filled . Banks might think twice about lending money . You need to protect your business against the loss of these people . If any or all of them disappeared tomorrow , you need to be sure that your business can go full speed ahead . Employees , clients , prospects , vendors , lenders , investors , and everyone else related to your business , need to be reassured that business will take place as usual . And that takes money . If you have the exact amount of money you need exactly when you need it , then you could tell people to not worry . Orders will get filled . Bills will get paid . You can take the time needed to find the right replacement . And you dont want to have to set up an investment program to cover these people . Nor do you want to have to borrow the money . You want this coverage to come as cheaply as possible without any hoops to jump through . That is what life insurance does when it is purchased for key person coverage .


Input: What Is Key Employee Life Insurance?

Output: The term Key employee or key man or business life insurance all deal with the same type of life insurance policy . It is a term or permanent life insurance policy owned and paid for by the companywith the company named as the beneficiary . The sole purpose is to recover a financial loss incurred by the sudden death of this `` key man or woman '' . The person is so important to the business success that a business could actually go under or have to restructure .


Input: What Is Key Employee Life Insurance?

Output: The death of a key employee or shareholder most often would affect the profits , financial strength and stability of the company . Creditors , customers , employees and suppliers could lose confidence in the business at the death of a key person , especially , if the key person is the owner . Key person life insurance is insurance , purchased by the business to deliver cash at death to provide solutions such as the loss of a key employee and for the funding of buy sell agreements between shareholders . In Canada , when a company owns and is beneficiary of a life insurance policy , the death benefit is received tax free . The funds can then be used by the company for its purposes . The death benefit less the Net Cost of Pure Insurance -LRB- NCPI -RRB- can be paid out as a tax free dividend to surviving shareholders . With careful planning , the key person protection can be designed to also provide executive benefits . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: What Is Key Employee Life Insurance?

Output: Most companies have at least one person -LRB- e.g. the owner of the company -RRB- who 's loss can have a substantial impact on the business ' revenue . Upon this `` key-person 's '' death , someone else must be hired to carry on the same tasks performed earlier . Many company owners therefore insist on buying life insurance coverage to minimize the risk , and many lenders require that the business carry life insurance on the key person to protect their loans and investments in the company . The business would generally own the policy , pay the premiums , and be the beneficiary . Key person policies are often used to support a buy-sell agreement between business partners with the proceeds structured to purchase the deceased partner 's shares or interests in the company - the agreement would typically mandate that the deceased partner 's estate sell it 's stock to the remaining partners/shareholders and that the partners/shareholders purchase the interest for a specified price -LRB- theprice should help establish the value of the business for estate planning purposes -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any questions . Thanks very much .


Input: Why Is Term Life Insurance Often The Best Value?

Output: I am not sure that anyone could say that term life insurance is often the best value without knowing a person 's exact situation . Term life insurance is the most affordable compared to permanent or cash value insurance , but it may not be the best value . If you purchase a 20 year term policy at age 30 and have a heart condition at age 48 and lose insurability , it will be very difficult to obtain any type of life insurance after age 50 when the term expires . There are many arguments to be made with the different types of life insurance plans . The one that is best for your unique situation and laid out by a caring knowledgeable advisor is the best value for you specifically .


Input: Why Is Term Life Insurance Often The Best Value?

Output: Term insurance is often the best value in a specific set of circumstances . These are : You need life insurance for a limited amount of time ; You want to pay as little as possible for that coverage ; You have no need for the advantages of accumulating cash inside life insurance . Lets suppose you have a personal loan such as a mortgage , or a bank loan for your business . You need life insurance to cover those liabilities . You have other policies in force to take care of your family and your estate . So , you pick up a term policy to cover that specific need . Maybe you unfortunately are getting divorced , and the decree requires a policy for a set amount of years . Or , you start a business with a partner , and you need to fund your buy-sell agreement up to a certain age . So , you pick up a term policy . Lets suppose you have a disciplined savings program and are accumulating wealth in a number of vehicles . You have many investments , and they range from aggressive to conservative . No real need to use life insurance to grow cash . But you do need coverage . So , you pick up a term policy . In these cases , permanent , cash value insurance might be overkill . You dont have to spend extra money in premium for a long-term guarantee you dont want , and for cash you dont need . Just make sure you know what youre doing , because if it ends up that you do want life insurance after the term policy renews , all bets could be off . The price could be high , and you also run the risk of not being insurable . Bear that in mind .


Input: What Is The Cost Of Medigap Insurance?

Output: The cost of a Medigap policy depends on which Medigap policy you want to apply for , your age , gender , tobacco usage -LRB- if any -RRB- , your zip code , and whether you 're married and applying together -LRB- for household discounts - available from some carriers -RRB- . In short , an average cost figure does n't mean much to the individual as the premiums can differ widely depending on where you are around the country and the other aforementioned factors . You want to compare prices from multiple companies when you 're shopping because Medigap plans are standardized , meaning the benefits are exactly the same regardless of who you buy it from - the price is the only difference . You should consult with an independent agent who can shop your case among multiple companies and offer you the desired Medigap plan at the lowest possible cost . I hope the information is helpful - please feel free to contact me for help , including quotes and plan comparisons , and if you have any other questions . Thanks very much .


Input: Does Everyone Have To Have Health Insurance Under Obamacare?

Output: No , you do n't have to have health insurance . However , underthe Affordable Care Act , if you do not want to buy a health plan , you will have to pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . Many individuals have options for group insurance through their employer or they are on Medicare or Medicaid . If you decide to buy a health insurance plan , then you would either need to buy it on or off the health insurance exchanges . Buying on the exchanges is beneficial if you qualify for a subsidy . Subsidies can only be used for on-exchange plans - they can not be used towards plans sold off the health exchanges . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . If you have any other questions about your health insurance , send me a private message by clicking on my `` contact me '' button .


Input: Does Everyone Have To Have Health Insurance Under Obamacare?

Output: The announced intention of Obamacare was to get everyone who was not already insured through an individual , group or government health program to enroll in health insurance coverage . Will you be jailed for not having health insurance ? No . You will , however , be subject to a tax -LRB- as the Supreme Court defined it -RRB- / penalty -LRB- as the administration prefers to refer to it -RRB- for not having health insurance coverage that meets the requirements of the law . In practical terms the tax penalty is minimal -LRB- $ 95 or 1 % of modified adjusted gross income in the first year -RRB- and there are now a number of loosely defined `` hardship '' exemptions that a person can claim to avoid the penalty . Plus , the IRS can only withhold the tax penalty from an income tax refund , it can not be charged as an additional tax per se and you ca n't have your bank account or wages garnisheed by the IRS to collect the tax penalty . This begs the question as to just how effective a mechanism the tax penalty will be in motivating people to purchase health insurance . Certainly , based upon the preliminary results of the recently closed open enrollment period it does not appear to have been a major factor in significantly reducing the number of uninsured Americans . If you have further questions or require health insurance advice and assistance please click on the `` contact me '' button and I will be happy to help .


Input: Does Everyone Have To Have Health Insurance Under Obamacare?

Output: No , you do not need to enroll if you are covered by medicare or medicaid , or if you are covered by a policy offered through your employer or spouses employer . The idea is to reduce the number of uninsured people who were previously denied coverage , or did n't have affordable coverage available . That said , if you do n't have it , then there are penalties in place that will affect those that chose to ignore the March 31st enrollment deadline . If you have further questions , please do n't hesitate to hit the ` contact me ' link . Thanks for asking !


Input: Is Life Insurance Necessary?

Output: If you have a family , business or both then I would say a life insurance policy is highly recommended . You risk the well being of the people you leave behind if you do n't . If you are the main bread winner I would add that you should definitely purchase a policy because I am sure you are a responsible adult and would not want to leave your family/business partners swinging in the wind when their financial security blanket is gone . Just a thought .


Input: Is Life Insurance Necessary?

Output: Life insurance is only necessary if you have a set outcome that you want to achieve , and you can not reach that goal without it . E.g. Maybe your goal is that your children can go to college , even if you are not around to finance their education . Do you have enough invested or saved up now to attain that goal ? If not , life insurance would be necessary if you died in a short time , because no other vehicle could provide a large infusion of cash into your assets shortly after you took it out . No one can look into the heart of someone else to determine that something is necessary for them . But you can tell that by looking at your own goals , determining if you have the funds to meet those , and then judging whether life insurance is something that could help you attain those outcomes , either in life or in death .


Input: How To Write An Appeal Letter For Disability Insurance?

Output: how to write an appeal letter for Disability Insurance ? If you 've been declined for issue of a Disability policy you can appeal to the underwriter to reconsider the decline if you have additional information to offer or there is some change to what is in question . Underwriters , especially disability coverage underwriters work under strict guidelines . In order to appeal you must be able to introduce new information . Usually with a decline , the letter will provide the reason for .


Input: What Is A Normal Deductible For Renters Insurance?

Output: There are several deductibles available for damage to personal property . In a renters policy companies will often offer deductibles as low as $ 100 . The decision to select a low deductible should be based on your ability to sustain a small loss yourself . The larger the loss you can sustain yourself , the higher the deductible you should select . The higher the deductible you select the lower the cost of the renters policy .


Input: Who Has Best Annuities?

Output: Who the best Annuity Company is depends on a few different things . Mostly the current annuity market and who currently has the most competitive rates . It also depends on your personal situation and needs and which company offers a product that fits those needs best . In other words , there is no best annuity company , it just depends . But it is important to use a company that has good financial ratings , and `` A '' or better is usually considered a good rating . So whichever well rated company offers the most competitive product that fits your needs , is the best company .


Input: Who Has Best Annuities?

Output: There are many companies that have different plan and coverages for annuities . Many have different mechanisms to fit the best policy and plan customarily . It is best to contact a consultant in order to find the best policy for . We need to further analyze your situation and draw up a plan . Moreover , find another of the best investment coverages for you .


Input: What Is A Benefit Period In Health Insurance?

Output: You really do n't run into benefit periods much in the group health insurance and under age 65 individual health insurance markets in the ObamaCare era . This terminology is more common for persons covered under Medicare or in the context of long term care policies . But a benefit period would be a contractually defined period of time that a certain medical service or treatment would be covered by the insurance policy .


Input: What Do I Need To Get Renters Insurance?

Output: That 's a great question ! For a renters insurance policy , you really do n't need much . A good idea of the value of your belongings , so you know how much coverage that you will want to have ; A valid current picture ID , and your first months premium should get you a policy . I hope that helps , thanks for asking !


Input: What Do I Need To Get Renters Insurance?

Output: Some of the information that will help you get a proper quote for renters insurance is : the year the premise was built , the number of units in the premise , any security or alarm systems , sprinkler systems , distance to the nearest responding fire department , distance to the nearest fire hydrant , the amount of coverage you are looking for , and more . Contact a local agent to find out more about coverage offered in your area and the costs of that coverage .


Input: What Do I Need To Get Renters Insurance?

Output: As a customer you dont need to provide very much information . Agents have access to much of the underwriting information necessary . The key issue that you need to address is the value of the contents that you want insured . Take pictures of every room in your rental unit . Then list each item that you see along with the cost to replace that item . Add the list up and you will have a good idea of the amount of coverage required .


Input: Can You Get Life Insurance If You Are An Alcoholic?

Output: Great question ! The one thing that we really need to know about life is that our actions always seem to have consequences that we are never aware of ... Alcoholism is one of those , as I 'm sure you have learned . If you are working on your sobriety , awesome ! My prayers and support are with you . If you have been sober for a while , and have not had any major health issues as a result of the disease , you can purchase a good insurance policy . If there have been issues as a result of your drinking , there are still policies that you can get , however they will typically be more expensive -LRB- called graded , modified , or guaranteed issue policies -RRB- and they will have a period of time where your payout is limited to what you paid in , plus some interest . I hope that helps , if not , please feel free to contact me . Thanks for asking !


Input: Can You Get Life Insurance If You Are An Alcoholic?

Output: Being an alcoholic does n't prohibit you from obtaining life insurance . Alcoholism is accepted as a disease and if controlled it really does n't impact you . Certainly it poses some degree of risk and that would be considered in the underwriting process . There may well be a rating applied and thus a higher premium required than for a person who is not an alcoholic and has all other conditions the same , but insurance is obtainable .


Input: Can You Get Life Insurance If You Are An Alcoholic?

Output: The insurance companies look at several factors in determining if they wish to issue the policy for life insurance coverage . You say you are an alcoholic . Are you being treated for kidney problems ? What is your record as far as being arrested for public drunkeness or stopped and issued a DUI citation . Are you able to hold a regular job ? The liklihood that you would be denied coverage with a `` standard '' company is high . There are `` guaranteed issue '' life insurance policies such as `` final expense '' policies that you may find available .


Input: Can You Get Life Insurance If You Are An Alcoholic?

Output: If you are a recovering alcoholic who has abstained from alcohol for a number of years , you can get life insurance at a competitive rate with persons who are not alcoholics . If you have been through treatment one or more times and are drinking now , you will probably need to purchase a simplified or guaranteed issue policy .


Input: Does Renters Insurance Cover Me If I Move?

Output: The standard renters insurance policy form , the HO-4 , often contains language giving you 30 days of coverage at both your old home and your `` newly acquired principal residence . '' However , it 's important to inform your insurance agent of the move . If you move to a lower risk area , doing so may even save you a few dollars . Since insurance policies vary by individual state laws , if you move between states your insurance agent will write a new policy for the new state and transfer money you 've pre-paid to the new policy . Be aware that not all renters insurance policies are written on the HO-4 form . For example , the HO-BT policy form which is specific to Texas renters insurance will cover the personal property at each location only based on the proportion of the total property which is at that location . The HO-BT also provides the lesser of $ 1,000 or 10 % of the total personal property coverage for property in transit between your old home and your new one .


Input: How Old Do You Have To Be To Receive Medicare?

Output: You 're eligible for Medicare when you 're turning 65 years old . You can apply for Medicare benefits up to 3 months before , the month of , and up to 3 months after your birth month . I recommend applying during the 3 months before the month you turn 65 so your coverage starts on time -LRB- the first day of your birth month -RRB- - you can be subject to a delayed effective date if you apply during the 3 months after your birth month . People are eligible for premium-free Medicare Part A when they turn 65 and have met the 40 quarters -LRB- 10 years -RRB- of working life/paying FICA taxes . Anyone who is eligible for premium-free Part A , can qualify for Part B - Part B requires premiums . Younger individuals with certain disabilities who have been receiving social security disability benefits for 24 continuous months and those with end-stage renal disease , may also be eligible to receive Medicare benefits . Original Medicare -LRB- Parts A & B -RRB- only 80 % of covered healthcare expenses . Medigap plans -LRB- also known as Medicare supplement plans -RRB- can help cover all or a portion of the other 20 % . When you first enroll in Part B , you have a 6-month initial open enrollment period to buy a Medigap plan with NO medical underwriting . The advantage of having a Medigap plan to go with your Original Medicare coverage is that it creates a very predictable expense structure -LRB- a major advantage for seniors living on a fixed income -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Old Do You Have To Be To Receive Medicare?

Output: That is a great question ! Medicare was created to allow Senior citizens the opportunity to receive affordable health care at a time when that was difficult to get . The age for being able to apply for Medicare was set at 65 . Most people will enroll in the 6 month span that goes from 3 months prior to your 65th , to 3 months after . You can retire and start Social Security early , but Medicare wo n't kick in until your 65th . Thanks for asking !


Input: Who Sells Individual Short Term Disability Insurance?

Output: A licensed broker or agent , who holds a health license can sell Individual Short Term Disability Insurance . When you look at purchasing Disability Insurance be sure you understand how the company defines `` own '' occupation . There is a difference which can make the difference on your ability to work or not . Be sure to understand the provisions on partial disability as well .


Input: Who Sells Individual Short Term Disability Insurance?

Output: There are very few companies that sell individual short term disability insurance . Most short term disability insurance is sold and purchased on a group basis . Contact a DI broker such as myself or others on this website to see what individual disability insurance policies might be available to you .


Input: What To Do When Your Home Insurance Claim Is Denied?

Output: When and if your home insurance claim is denied , it is important to read the denial letter and associated explanation . Primarily , one should read the policy contract and truly understand the mechanics of the coverage and why the claim is not covered . The claims representative will be happy to help guide you through the policy and find the section -LRB- s -RRB- of the policy corresponding to the issue at hand . This is also an appropriate time to speak to a licensed representative with your insurance company and inquire as to whether there is an endorsement available to offer coverage for such a claim in the future . Licensed insurance representatives are generally not allowed to discuss an ongoing claim , this is the job of the licensed claims department . When speaking to a licensed representative of your insurance carrier , your questions must be based on coverage and not claims . Insurance agents are charged with the responsibility of explaining available coverage and endorsements ; they are not permitted to interpret coverage relevant to claims adjustment . For general advice or guidance , you may contact a licensed representative toll free at : -LRB-877-RRB- 931-3368 or contact your insurance carrier directly .


Input: What Are Medigap Plans?

Output: Medigap plans -LRB- commonly referred to as Medicare supplement plans -RRB- are designed to help seniors who want high quality healthcare and are on Medicare , cover the gap between what hospitals and doctors charge for their services and what Medicare will pay . Health insurance is constantly changing , which can make finding the right plan for you very strenuous . Supplementing your Original Medicare coverage -LRB- Medicare Parts A & B -RRB- with a Medicare Supplement plan will help you create a very predictable expense structure for your healthcare and allow you to see any doctor you want that accepts Medicare . Any doctor that accepts Medicare will also accept your Medicare Supplement plan . There are 10 different Medicare supplement plans and they are all standardized , meaning a plan F from company A and a plan F from company B feature the EXACT same benefits . The 10 different plans available are plans A , B , C , D , F , G , K , L , M , and N -LRB- a high-deductible plan F is also available that features a $ 2,140 deductible in 2014 - the trade-off being a substantially reduced premium -RRB- . Each plan offers certain benefits some more comprehensive than others . Each plan must cover a core set of benefits -LRB- also known as the basic benefits -RRB- . The basic benefits are : 1 -RRB- Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up . 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment There 's a total of 9 benefits that can be secured . The other 5 benefits available under a Medigap plan are : 1 -RRB- Skilled Nursing Facility Care coinsurance 2 -RRB- Medicare Part A deductible 3 -RRB- Medicare Part B deductible 4 -RRB- Medicare Part B excess charges 5 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Each plan features a different structure , Each plan covers a different combination of these 9 benefits -LRB- some of the plans feature coinsurance or copayments for certain benefits -RRB- . If cost is not a major factor for you , Plan F will be the recommended choice because it covers all 9 benefits at 100 % - it 's the most popular plan by far . If you 're looking to keep your costs down , but still have very comprehensive coverage , you may want to look at plans C , G , and N as well . Consult with an experienced broker to review the plans in detail to see which one will best serve your needs . We have an in-depth knowledge of Medigap plans , provide quotes from multiple carriers , and can help you determine the one that 's going to be most suitable to your needs and budget . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: How Do Home Insurance Deductibles Work?

Output: The deductible in a homeowners insurance policy will represent the amount you the insured will pay in a covered loss . In other words you the insured are self insuring part of the loss which is the deductible amount you have chosen . For example if you have a $ 2,500 deductible on your homeowners insurance and your house is damage by fire -LRB- which is a covered loss -RRB- , then you the insured would be responsible for the first $ 2,500 in damages and the insurance company would pay the rest of the damage up to the policy limit .


Input: Will A Pellet Stove Increase Homeowners Insurance?

Output: Wood burning devices are a concern to the underwriter for a homeowners policy because they have an open flame inside the house . Insurance companies rarely change their rate based upon an increased exposure . Instead they are more likely to not accept the risk at all . A pellet stove is probably the least dangerous wood burning device . Many companies will issue a standard homeowners policy on a home with pellet stove .


Input: Can A Landlord Force You To Buy Renters Insurance?

Output: If your lease agreement has a clause requiring Renters Insurance , yes , the Landlord may enforce the clause thereby forcing you to buy Renters Insurance or being in breach of the contract . Renters Insurance is a valuable coverage ; many renters simply deny the issue due to the small cost of coverage . In our many years in business , we have seen a variety of claims ; the following is just a short synopsis of the necessary protection . Renters Insurance includes Personal Property Coverage and Personal Liability Insurance . Liability Insurance being the more important coverage as this is where a legal action against the renter could cause undue hardship . If a fire or water damage claim is caused by the renter , the renter would be negligent and therefore liable for the damage caused . Although the property may be insured , the insurance carrier of the Landlord would subrogate and may bring legal action against the tenant . Personal Property coverage would provide protection against theft , fire and water damage to the contents of the renter . The Landlord 's insurance does not cover the tenant 's property in any way ; neither does it allow for legal protection of the tenant . Should a tenant not be interested in this valuable protection , we recommend purchasing the minimum available personal property coverage with the minimum liability protection of $ 100,000 . This coverage would cost in the range of $ 100 - $ 300 per year depending on the region of the country and the specific insurance carrier underwriting the risk . You may obtain a Renters Insurance quote online at : WEBSITELINK


Input: How Much Does IVF Cost With Private Health Insurance?

Output: IVF -LRB- in vitro fertilization -RRB- is not a covered medical expense with most health insurance plans . Some employer group plans may include IVF benefits and there are a few states that mandate IVF coverage for individual major medical plans . IVF is not a medical necessity which is why it is normally excluded from plan benefits . The few times I have seen IVF benefits they are usually capped around $ 10,000 -LRB- lifetime -RRB- which means any excess charges are the responsibility of the individual .


Input: What's The Difference Between Whole Life Insurance And Endowment Insurance?

Output: Actually whole life is a type of endowment . An endowment policy is a policy designed with the cash value equaling the face amount at a given age or after a set number of years . A whole life policy is an Endowment at age 100 . Other examples are endowment at 65 , 20 year endowment , etc. . In Canada , if the cash value of a policy exceeds that of an endowment at age 85 , then the policy is non-exempt and is subject to accrual taxation . Consequently , endowments are not usually available . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Does Humana Offer Life Insurance Products?

Output: Humana is a health insurance company that offers individual and group health insurance . Humana also offers supplemental life insurance for individuals and groups . For individuals , Humana offers a Junior Estate Builder for your children or grandchildren , and a Memorial Fund for people 45 - 80 to take care of final expenses . On the group insurance side , Humana offers supplemental term life insurance for employees or spouses and dependents .


Input: What Is Comprehensive Long Term Care Insurance?

Output: Comprehensive Long Term Care Insurance is long term care insurance that will pay for care received in a nursing home , assisted living , adjust day care , or one 's own home . In other words , the triggers qualify you for the care and you spend the benefit where you wish . The policy is not restricted to paying only if the care is received at a certain facility .


Input: Can Health Insurance Companies Raise Your Rates?

Output: Health insurance companies can indeed raise your rates ... but only if they increase rates for everyone else in your group . You can never be singled out for a rate increase due to your claims . When carriers increase rates it is because claims for everyone with the same policy class have risen to the point that premiums no longer support the claim level .


Input: Can I Have Car Insurance From Another State?

Output: Your auto insurance policy will cover you in all 50 states and US territories and Canada so you never have to worry about a coverage gap as you take that cross country trip with your family . If you move to a different state , that coverage will follow you , however , in most cases , states will have a regulation stipulating that you will need to register your car in that state within a certain period of time after establishing residency . In CT the time frame is 30 days . BecauseCT also requires that you have proof of car insurance issued in CT , you willhave to obtain insurance here in order to register your car . I believe that most states have similar regulations .


Input: Can I Have Car Insurance From Another State?

Output: Auto insurers must be admitted in the state where they do business . If you have moved from one state to another the insurance in force will continue in force until you have changed your domicile . Thereafter you must deal with an insurance company admitted in that state . There is a strange exception called Excess and Surplus lines , but I doubt that will apply to you and your car .


Input: Can I Have Car Insurance From Another State?

Output: Although you can not purchase a policy from another State than the one you live in , if you find yourself needing to move in the middle of a policy , you do not need to cancel the existing one and purchase a new one in the new State right away . All policies are valid regardless of the State you are driving in , so if you go on vacation , you do n't need to buy a new policy for every State you drive through . However , once you move out of one State and into another , you will need to purchase a policy in your new location . Typically the current insurance company will send you a Notice of Non-Renewal prior to the renewal of your existing policy . But until the policy comes up for renewal , you are able to keep the policy you have in place .


Input: Do Auto Insurance Companies Share Information?

Output: Auto insurance companies do not share information directly but all information is shared . Insurance companies report incidents to a data base which is then accessed by insurance companies when needed . For example you have an at-fault auto accident and your rates go up . You are upset about this so you shop around for insuranceelsewhere The new company will check the data base for your driving record to see if you have tickets or accidents and then crate your insurance policy accordingly . While incidents on your record may only effect you for a short period of time . For minor incidents 3 years . I have seen data show up that was 10 years old .


Input: Do Auto Insurance Companies Share Information?

Output: Based on my knowledge and experience I do not believe that the auto insurance carriers share information about their clients directly with other carriers . I beilieve that accident information is placed into a data based that is used by all/many insurance carriers to help provide prospects a more accurate rate when receiving a quote and it also makes life easier for the prospect by not having to remember all of the detail of their claims history .


Input: Who Buys Renters Insurance?

Output: People that want to protect their family and themselves from potential financial exposure due to an accident that they are deemed responsible for or due to other incidents -LRB- such as lightning or a fire -RRB- . Renters insurance provides protection for the insured personal property , personal liability coverage and loss of use coverage .


Input: I Need A New Life Policy, Term Just Expired

Output: To determine your next steps , it would be important to know if you are still within 30 days of the term expiry -LRB- policy anniversary date -RRB- . You may be able to change the premium mode from annual to monthly -LRB- if necessary -RRB- and continue the policy month to month at the new higher premium in the term policy until you can get a new policy . Also , does the term policy have a conversion provision and , if so , did it expire ? Usually conversion ends at the end of the initial term period but sometimes it extends to a later age . Most importantly , are you insurable ? If you are not , you need to work with a life insurance professional and the insurer to try to preserve the coverage you have if it is not too late . If you are insurable , find a life insurance professional and apply for coverage - and , as this situation suggests , maybe term is not right for you so plan on buying a permanent policy that can be designed to meet your needs .


Input: I Need A New Life Policy, Term Just Expired

Output: Assuming youre past the reinstatement period or , in fact , the term life insurance period of your contract has expired , you could do a quick review of a term life insurance spreadsheet and purchase another policy . If your health is good , you could bind the policy with the required deposit to protect you in the in-between time providing youd pass all the requirements . You could also apply for simplified issue or simplified issue with AD&D to secure basic coverage now and after underwriting convert the AD&D to full life insurance coverage . We can help with that .


Input: Is Homeowners Insurance Mandatory?

Output: Check with your attorney but I doubt that your state requires homeowners insurance . Mortgage companies require hazard insurance as a prerequisite to funding a mortgage . They also require that the insurance be maintained . Failure to maintain the insurance will authorize the mortgage company to place the insurance in place and charge you for it . Other than that the only reason to purchase a homeowners policy is a desire to avoid the risks of homeownership .


Input: Is Homeowners Insurance Mandatory?

Output: Homeowners Insurance is not mandatory ; for those that do n't want to be covered by home insurance against the perils of Fire , Wind , Theft , Burglary and Personal Liability , they may self insure at their own risk . If the home owner has taken a mortgage on the property , the mortgage company will require the asset insured thereby requiring the home owner to buy insurance .


Input: Why Has Health Insurance Gone Up?

Output: Health Insurance rates have gone up because the cost of care has gone up . Insurance companies must now provide benefits that were not covered before . Cost of prescriptions and the over prescribing of medications by some physicians add to those costs Starting in 2014 insurance companies will have to accept pre-existing conditions which will increase claim payments dramatically . Insurance premiums must go up to compensate for these increased costs .


Input: Will Annuity Rates Improve In The Future?

Output: No one knows the answer to that . But interest rates generally have cycles . Presently the government is artificially suppressing interest rates , but it seems reasonable that rates must rise eventually . Many financial planners are locking down interest rate periods of five years or less which may be an indication of their belief that interest rates will rise within the decade .


Input: Will Annuity Rates Improve In The Future?

Output: There are two rates to consider . The rate of interest earned on accumulations changes all the time . Most contracts have a guaranteed interest rate but companies actually pay a new money rate . As the interest environment changes these rates change to remain competitive . The provisions for payout are in the contract and do not change , however , future contracts might have significantly lower rates due to the ever increasing longevity of the population .


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

Output: Great question ! Insurance companies will only write a policy when it can be demonstrated that there will be a loss to you , should the insured pass away . So you could n't write a policy on the guy you met at the office , unless you could prove that you would lose income or assets if he were to pass away . The same would apply to your brother . Unless you can prove a monetary loss , it might be really hard to find a company that will issue a policy . The best way to do it ? Like Ms. Mace suggests , have your brother get his own policy , and you make the payments for it . If you need help doing that , please feel free to contact me , I 'm glad to help . Thanks for asking !


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

Output: It depends upon the laws where you live and whether there is a pecuniary or monetary interest . Some jurisdictions will consider siblings to have an insurable interest , while others may not . An insurable interest means having a benefit associated with the continued life and good health of the insured individual . If you brother owes you money , or you rely on him for financial support then the chances of showing insurable interest are much stronger .


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

Output: As Kevin stated , if your brother owes you money , or if you rely on your brother for financial support , those are reasons for which you may be allowed to buy life insurance on your brother . Another reason is if you and your brother own a business together . Getting life insurance on your brother would allow you to buy out his share from his spouse , if he would pass away . If you want to buy life insurance for your brother to cover his funeral and burial or cremation , a small policy like that may be permitted . If not , it could be easier to have your brother own the policy and you pay for it . It never hurts to ask from an agency that can shop around .


Input: What Does Face Amount Mean In Life Insurance?

Output: The face amount of the policy represents the face amount the policy is scheduled to pay out . In the case of a graded death benefit the policy will pay a reduced amount for the first 2 or three policy years before going to the actual face amount . Some companies pay dividends . These dividends can be used to buy additional insurance thus increasing the death benefit . But dividends are not guaranteed Should you die the beneficiary would receive the Face amount of the policy plus any paid up insurance accumulated by the dividends . In the case of a Universal Life policy , the policy would pay the face amount plus if you choose you can have the death benefit increased by any cash value accumulated in the policy . Because of the nature of Universal Life you need to make sure you are paying sufficient premium to keep the policy in force , otherwise the policy would lose the death benefit entirely . Always read your annual statement if you have a Universal Life policy .


Input: What Does Face Amount Mean In Life Insurance?

Output: The face amount means the amount the policy isinitially based on . It does n't always equal the death benefit because during the first two or three policy years , some policies will only pay a % of the face amount . Other policies will grow and pay higher amounts as the policy grows .


Input: What Does Face Amount Mean In Life Insurance?

Output: Two great responses so far ! The other angle I would put on the question is that the `` Face Amount '' is the amount the insurance company promises to pay based on the contract that the insured or owner of the policy agreed to or entered into with the insurance company . For example , based on a term policy contract , if the insurance company promises to pay $ 250,000 of death benefit if the insured dies while still covered by the insurance , the beneficiary will receive $ 250,000 when the claim is paid . The `` Face Amount '' is $ 250,000 . Based on a permanent policy -LRB- for example -RRB- , the the insurance company promises to pay $ 250,000 of death benefit minus any outstanding loans against the policy . If the insured dies while still covered by the insurance , but had utilized -LRB- borrowed -RRB- $ 25,000 from the policy , the beneficiary will receive $ 225,000 when the claim is paid . The `` Face Amount '' is still $ 250,000 , but the contract has wording that describes how much the beneficiaries are paid . -LRB- In some cases it can be `` more '' than the `` Face Amount '' based on gains in the contract and/or dividends . -RRB- There are numerous examples that could be listed , but between all of our answers , I sure do hope that helps you understand a bit more , and highlights the assistance that a qualified licensed insurance professional can offer you !


Input: What Does Face Amount Mean In Life Insurance?

Output: The face amount in life insurance means the amount of insurance you buy . The death benefit is the amount that is actually paid to the beneficiary when death occurs . The face amount almost always equals the death benefit in term insurance . In permanent insurance , the death benefit may be higher or lower than the face amount , depending on if the policy had strong growth , if there was a loan on the policy , and other reasons .


Input: How Much Disability Benefits Will I Receive?

Output: Your disability benefits are a percentage of your salary at the time you took out the policy -LRB- unless you added to your coverage after taking out the policy , then it will be the higher amount -RRB- . Your policy will have that percentage stated in the printed copy of your policy .


Input: How Much Disability Benefits Will I Receive?

Output: You will receive the amount of benefits stated in your policy . Take the monthly benefit amount times the benefit period and multiply it by the up to the percentage of current earnings allowed . This will give you your total amount of benefit money paid to you in case of a total disability over the policy life time .


Input: How Often Will Medicare Pay For A New Bed? 5 Years Or 7 Years?

Output: First please note that the bed must be prescribed by your physician as medically necessary . Once the bed has been received , my research shows that Medicare will only cover replacement equipment if your doctor writes you a new order or prescription with an explanation of the medical need .


Input: Can A Minor Be A Life Insurance Beneficiary?

Output: Yes and they often are with young families . Many attorneys recommend declaring a financial steward or custodial trustee for the financial disbursements to minors . Sometimes a trust is the beneficiary on behalf of minor children . Interestingly , there is always a contingent beneficiary option in a life insurance application .


Input: Can A Minor Be A Life Insurance Beneficiary?

Output: A minor can be a life insurance beneficiary , but it is generally in the child 's best interest to make the beneficiary of your life insurance policy be a trust , or trusted relative or friend who will use the money for the welfare of the child . That is because minors can not legally handle the proceeds and the court could appoint a guardian to do so for them .


Input: Who Has The Best Long Term Disability Insurance?

Output: There are several excellent disability insurance companies , but in the end only ten that are with considering . The cost is a significant item of review , but the languages in the contractual definitions are the real key to disability policies . So its important to do your due care . That being said , Standard of Oregon is a consistent player in this market and a top recommendation .


Input: Who Has The Best Long Term Disability Insurance?

Output: Different disability insurance companies cater to different types of people and occupations . E.g. . Some companies offer policies that will cover certain health conditions , or allow those health conditions to be excluded so that you can get coverage . Others are better for laborers , or physicians , or other occupations . So there is no one best disability insurance company for everyone . Contact a disability insurance broker to get your best disability insurance quote . I would be happy to help .


Input: Do Life Insurance Proceeds Go Into Estate?

Output: Life insurance will only go into the estate if the named beneficiaries are deceased and the beneficiaries were not changed or if the estate is the named beneficiary . It is important to review your policies to make sure they are properly set up . I have ran into occasions for example where a husband and wife die close together and did n't have time to change the beneficiary . If a contingent beneficiary had been named , that beneficiary would have received the money . Because no contingent beneficiary was named the money went to the estate .


Input: Do Life Insurance Proceeds Go Into Estate?

Output: It 's almost always a bad idea to have your estate listed as the beneficiary of your life insurance but I see policies that list it that way fairly often . You wantyo always have a living adult listed as your beneficiary and have a 2nd living adult as you backup or contingent beneficiary . That way the payment from your life insurance will bypass the estate and be paidtto your beneficiary with no probate costs or delays . It will also prevent creditors from having access to your life insurance benefit .


Input: Do Life Insurance Proceeds Go Into Estate?

Output: Life insurance proceeds can go the estate of the insured on purpose or by accident but there is no reason they should . Naming a beneficiary and reviewing periodically is usually the right thing to do . If the estate is the beneficiary , the access of the heirs to any money associated with the life insurance policy is delayed because the money must go through probate . Probate may , in some cases , cause a delay of a year or more . Life insurance proceeds left to the estate , like any asset left to the estate , are forced through the probate process and therefore become part of the public record , so privacy is lost . Perhaps most importantly , in most states , the money paid into probate becomes subject to the claims of creditors of the estate .


Input: How Much Commission Does Health Insurance Agent Make?

Output: Compensation varies among states , insurers and producers themselves . For example , a broker in New Jersey that sells only Blue Cross plans will not be compensated the same as a broker in Ohio that sells only Anthem Blue Cross and Medical Mutual Of Ohio plans . Also , as of 2014 , when State Exchanges are operational , broker compensation is expected to reduce , although ironically , their expert and unbiased advice and guidance will be needed more than ever .


Input: How Much Commission Does Health Insurance Agent Make?

Output: It varies based on how much volume you sell . 12 % is not uncommon . If an agent sells a lot his % will be more . Some products in the health category pay more than others . long Term Care insurance for instance pays much higher but the cost of obtaining customers is also much higher .


Input: How Does Joint Credit Life Insurance Work?

Output: Credit life insurance is not traditional life insurance that pays the beneficiary , who in turn pays lenders . Credit life insurance charges the borrower for credit insurance that will pay the loan off in the event of death of the borrower . The money goes directly to the lender . Joint credit life insurance covers two insured persons , the borrower and co-signer . It will pay the loan off if either one or both insured persons passes .


Input: Can Life Insurance Have More Than One Beneficiary?

Output: Yes you can have more than one beneficiary on a life policy there are usually three on the application you also can do an attachment be careful at this because it 's not good to spread things to thin so you should think about a will or living trust at this point this could cause family strife in case of death and that is the last thing we would want to see . Seek a financial planner it will be well worth the time spent . See my profile if you should need help .


Input: Can Life Insurance Have More Than One Beneficiary?

Output: This is a very interesting question because life insurance carriers allow for a lot of flexibility in beneficiary designations . For example , you have the primary beneficiary . This person -LRB- or entity , such as a corporation or trust -RRB- will get the money when the insured dies . What if I unfortunately the primary beneficiary is not alive -LRB- or in business -RRB- when the insured dies ? That is why you can designate a contingent beneficiary . This beneficiary will get the money in those exact circumstances - when the primary beneficiary is not available . What if you wanted to name multiple primary or contingent beneficiaries ? That can be done . Do they have to get equal shares ? No . As a matter of fact , especially when the contingent beneficiary is children , parents often do not apportion the benefit equally . What if you want to set up successor beneficiaries along bloodlines ? Such as your child , but if your child is not available , then your childs child ? This can also be done . Make sure you discuss this with your estate planning attorney . What if you want to make the beneficiaries minors ? Not a good idea . An insurance company will not release money to a minor . You will need to do some estate planning to secure that money .


Input: Can Life Insurance Have More Than One Beneficiary?

Output: Certainly life insurance policies allow for more than one beneficiary . Here is the thing to keep in mind , almost all life insurance companies deal in percentages versus amounts . For example if you have three beneficiaries you can not leave equal amounts . The percentages would be 33.3333 % . You would have to make one of the three 34 % and the other two beneficiaries as 33 % .


Input: Can Life Insurance Have More Than One Beneficiary?

Output: That is a great question ! There is no limit upon who or how many beneficiaries that you would like to have on your policy . The only stipulation in many cases is that they not be minors . If that is the case for you , then be sure that there is a legal guardian named , or a trust set up for them , until such time as they are legally able to access the funds . I hope that helps , thanks for asking !


Input: Can Life Insurance Have More Than One Beneficiary?

Output: Of course ! You have the option to put on primary beneficiaries , contingent beneficiaries -LRB- in case the primary predeceases the insured -RRB- , and even tertiary beneficiaries if you 'd like -LRB- in case the primary and contingent beneficiaries predecease the insured -RRB- . Each level -LRB- primary , contingent , and tertiary -RRB- can have more than one beneficiary . You also want to make sure to designate what happens to a beneficiary 's share if he/she predeceases the insured -LRB- especially if there is more than 1 beneficiary - e.g. does it go to the other beneficiary ? to the estate ? to someone else ? etc. -RRB- The other thing you want to make sure of is that the policy structure does not violate the `` Goodman Triangle '' -LRB- named after a court case -RRB- . The Goodman Triangle , in short , states that 2 of the 3 parties of a life insurance contract must be the same to avoid certain tax consequences -LRB- same owner and beneficiary with a different insured or same owner and insured with a different beneficiary -RRB- . If you want to place more than one beneficiary on the policy , the owner and insured would have to be the same person to not violate the Goodman Triangle . When the Goodman Triangle is violated , the situation can result in the monies being subject to estate taxes or gift tax consequences . If a policy is owned by a trust such as an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- , the insured and beneficiary will be the trust and the insured will be the person who 's life the trust was created for . The trust would illustrate all of the payout structure scenarios when the insured dies and a claim is made on the policy . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any further questions . Thanks very much .


Input: Can Life Insurance Have More Than One Beneficiary?

Output: The beneficiary on a life insurance policy can be almost any arrangement of people . Whoever the owner wants to receive benefits can be the beneficiary . When the beneficiary is going to be particularly complex it is probably best to have a trust drawn up by an attorney to clearly identify the disposition of the money .


Input: Can Life Insurance Have More Than One Beneficiary?

Output: Absolutely . It is not at all uncommon for a person who takes out a life insurance policy to name multiple beneficiaries on the policy and to apportion what amount or percentage of the life insurance proceeds should go to each beneficiary . It is also common to have what are referred to as primary and contingent beneficiaries named on the policy . This is to address the possible situation where the primarybeneficiary named at the time the policy is issued passes away before or at the same time as the policy holder -LRB- think of a husband and wife being killed at the same time in a car accident for instance -RRB- . In this situation , if the policy holder received good advice from their insurance agent then the policy proceed would be paid to the contingent beneficiary rather than possibly getting tied up in the probate process in dealing with the deceased person 's estate .


Input: Does Health Insurance Cover Car Accident Injuries?

Output: Health insurance covers car accident injuries and injuries from just about everywhere else . There may be a deductible or coinsurance that may have to be met before the claim is paid . If you have car insurance , your benefits may be the primary coverage , and therefore pay before the health insurance pays the claim .


Input: How To Change To A Different Health Insurance Plan?

Output: Changing to a different health insurance plan can be easy if you allow it to be . First , you should speak to an independent health insurance agent that represents most of the major carriers . They will be able to save you weeks of research and be able to show you plans from the major carriers . They can then help you figure out which plan would meet your needs the best . You can also compare health insurance plans instantly on our website . If you are looking for under age 65 health insurance click `` other '' and it will take you to that section . If you are 65 or over you can compare Medicare Supplement plans on our homepage . You can also give us a call at 1-888-407-8664 .


Input: Can A Sole Proprietor Deduct Health Insurance Premiums?

Output: Yes providing that the sole proprietor is not eligible to participate in a group health insurance plan . Eligibility is determined on a month to month basis . What this means is , if you are a sole proprietor with a spouse who is employed and has access to group health insurance , you are NOT able to deduct health insurance premiums paid on a plan purchased in lieu of the employers group coverage . This holds true for all months that your spouse is employed and is eligible to participate in the plan . Another example of ineligibility would be a sole proprietor who also has a part or full time job where group health insurance benefits are available from that job .


Input: Does AAA Auto Insurance Cover Rental Cars?

Output: All auto insurance can provide you reimbursement for auto rentals ONLY IF you get that endorsement on your policy . The typical reimbursement for rental cars is $ 20/day up to $ 600 total . Most insurance companies will let you increase this up to around $ 50/day and $ 1,500 total . There is no standardized wording for this endorsement , either . I have seen it called `` rental reimbursement , '' `` rental coverage , '' `` rental guarantee . '' So , when you are looking through your policy to see if you have some type of rental coverage you need to look carefully .


Input: What To Look For In Long Term Care Insurance?

Output: The premium paid is always measured by the value proposition of the policy . The policy provisions are extremely important and need to be defined to the satisfaction of the potential policy owner before the policy is purchased . Why ? Because claims are the true test of any morbidity product , especially with long term care insurance .


Input: Does Fidelity Offer Annuities?

Output: Yes , Fidelity does offer a line of annuity products . They have fixed , immediate and deferred annuities ; then also offer variable annuities to their customers through another carrier . Fidelity advertises their annuities on their website as being good for retirement savings , retirement income , and both retirement savings and retirement income .


Input: Who Has To Have Health Insurance Under Obamacare?

Output: Most Americans that are under age 65 and not listed as an an insured under a parent 's policy must purchase coverage . There are , of course , exceptions , including persons that are covered under Medicaid or Medicare and visitors to the country that are not US citizens . Since there is a tax imposed for persons that do n't carry coverage -LRB- that are legally required -RRB- , it is best to utilize an experienced broker to help shop for the best prices . You 'll save time and money ! And you 'll avoid that pesky tax !


Input: Who Provides The Cheapest Car Insurance?

Output: Car insurance is regulated by each state 's insurance commissioner . Therefore each company is going to reflect your driving record and how far you drive to work each day and if you use your car in your business and if you have a car that qualifies for discounts due to small engine or if you have the biggest engine and the loudest mufflers in town . Who provides the cheapest car insurance-you do .


Input: How Are Variable Annuities Valued?

Output: Variable annuities use a general account for guaranteed interest and separate accounts for equity and bond instruments . There are charges and fees associated with variable annuities , like most security products . Those fees must be satisfied before the earnings , if any , are applied to the remaining cash values . Keep in mind that you could lose money , still pay fees and may be subject to surrender charges from liquidation .


Input: How Long Does A Home Insurance Claim Take?

Output: A claim could potentially take as little as hours and depending on the circumstances much longer . Most carriers try to settle claims as quickly as possible normally within days . If you have extenuating circumstances involved with the claim then it could be stalled during the investigation of the situation that caused the claim . Contact your local agent and they can help you determine the documents and other information that can help you expedite a claim when the need arises .


Input: Who Qualifies For Disability Insurance?

Output: In order to qualify for disability insurance you must be a favorable risk in a few different categories . First is your occupation . The underwriter will want to know your employment history , job duties , earnings , net worth , education to that job and skill levels . Next is your health history . The underwriter will want to know your age , build , health history and will want you to take a paramed exam for fluid samples . Last is your lifestyle . The underwriter will want to know if you use tobacco products , drugs both illegal and prescription , your extracurricular activities , if you exercise regularly and any above normal risks . As you can see underwriting a disability insurance plan is very extensive . I would recommend using an experienced independent broker to help you navigate these plans and requirements .


Input: Who Qualifies For Disability Insurance?

Output: You first must establish verifiable income , generally for two years . Tax returns or W2s should serve as evidence of compensation . Self-employed persons may have additional requirements . The second item of qualification is your medical health condition and prior history . Then what amount do you want to cover from your varied income ? Compensation based on the average no frills disability insurance policy that can pay 60 % of your pay tax free , up to 80 % of your pay if you deduct the disability premium as a business expense .


Input: Who Qualifies For Disability Insurance?

Output: To qualify for disability insurance , a person must be working -LRB- likely more than 30 hours per week -RRB- , earn an gross income before taxes in excess of $ 18,000 per year -LRB- this number varies by the insurance companies in the market -RRB- , be in an occupation that is insurable , not have serious pre-existing medical conditions , and have a `` lifestyle '' that is not considered dangerous or hazardous -LRB- such as dangerous avocations , a bad driving record , etc -RRB- . These are not the only issues , but the most obvious ones . Consult a trusted insurance advisor to review your particular situation .


Input: Can I Transfer My Car Insurance To Another Vehicle?

Output: If you sell a vehicle and obtain a new vehicle you can keep the same policy . However the rates will adjust according to the new vehicle . When replacing a vehicle you will need to call your agent so the agent can update your existing policy and make sure the coverage 's are adequate .


Input: Why Are Insurance Companies Able To Discriminate?

Output: Imagine that I own a brand new Corvette and you own a five year old Fiat . Would you want to pay the same amount for auto insurance as me ? What if I only drove my car on Sundays and only went 20 miles and always had my mother in the seat with me , while you drove 700 miles a week on foggy dangerous roads . Should we pay the same amount ? But my mother is a previous race car driver and has three moving violations in the past 30 days . You have a perfect driving record . Should we pay the same amount ? I dont call that discrimination , I call that adjusting the risk . The insurance company calls it underwriting .


Input: Why Are Insurance Companies Able To Discriminate?

Output: Adding to what Scott said , insurance companies are just like all other financial institutions in that they try to operate at a profit . Forcing an insurance company to provide benefits to everyone regardless of their individual risk profile is like demanding that banks loan money to everyone under the same terms and conditions regardless of the individual 's credit worthiness .


Input: Why Are Insurance Companies Able To Discriminate?

Output: I think Discriminate depends on how you mean it . In cases of offering a product , a carrier can not discriminate by race . A carrier can not discriminate beyond what the state they are doing business in allows . In some states this may mean unisex pricing or outlawing `` red lining '' in others . Any insurance plan MUST be approved by each state 's department of insurance and subject to a review prior to allowing the product to be sold . An insurance carrier may be able to create separate classes within a type of policy by showing the statistical probabilities behind doing so . Women tend to live longer than men , This can be shown statistically so separate pricing can discriminate between the two sexes . This could be applied to smoking , weight , year of birth , health conditions and so on . . So if an insurance company can show a statistical difference based on gathered information , they can `` discriminate '' that way `` if '' the state allows it . What they ca n't do is take two people who are the same in every way and deny coverage for A while taking B into the plan .


Input: Why Are Insurance Companies Able To Discriminate?

Output: They price their products based on risk . That 's what insurance is . If you have a lot of tickets you are likely to wreck your car . You should pay more than a safe driver pays for auto insurance . You are riskier . If you have bad health , you have to pay more for health insurance and life insurance . You are more likely to be making claims on the insurance sooner . To not charge you more would require charging more to healthy people . Health insurance is changing from true insurance to an entitlement program . This will make it less costly than it is now for unhealthy people but it will raise rates for all the healthier and younger ones . It should be a good change but time will tell . But to answer your question ... would YOU want to be the insurance company and charge a 16-year old male driver with three tickets the same rate as the 45-year old woman with no tickets . If you answer yes , you should open an insurance company . You will get a lot of young customers before you go broke .


Input: Does Medicare And Medicaid Cover Assisted Living?

Output: Medicare is insurance coverage for `` medical care '' and does not cover the costs of assisted living facilities or long-term care facilities -LRB- custodial care -RRB- . Medicare will however cover qualified healthcare costs while a Medicare beneficiary is living at an assisted living facility . Medicare is more often used to pay for a skilled nursing facility or home health care . There are always exceptional circumstances that will allow Medicare to cover different types of care , for example , while in a qualified stay at a skilled nursing facility a Medicare beneficiary may also receive custodial care , but in most cases Medicare wont cover the costs of `` custodial care . '' In some states , Medicaid will pay for some of the costs associated with assisted livingif a qualified beneficiary has a limited income . Medicaid is designed to help seniors and some individuals with disabilities pay for healthcare when they are unable to pay for it themselves . Check on qualification requirements and available waiver programs for assisted living with your state Medicaid department . Individuals should seek out an extended care insurance specialist to understand options and formulate a plan to financially address assisted living or long term care needs before any such care may be needed . Jeffrey J. VanCleve 800-211-0017