Input: What Is A Short Term Health Insurance Policy?

Output: Short Term Health Insurance is designed to cover individuals who are between jobs . Generally they can be purchased in increments of six months . Preexisting conditions are not covered . They are non-renewable , meaning if you have a six month policy for example , and the six month period expires , you need to enroll in a completely new plan .


Input: How To Determine How Much You Need For Life Insurance?

Output: The need for life insurance is to make sure your loved ones are taken care if something terrible happened to you suddenly . When you said your wedding vowels , you promised to take care of each other until death did you part . Life insurance is the one product that can keep that promise forever . The general rule of thumb without going into an in depth needs analysis is to cover your debts and up to 10 times your income . This way if you died today , your family would be debt free and could invest the rest with a good investment program that your loved ones could live off of the interest and not touch the principle where your income would be replaced year after year even though you are gone . Unless you are independently wealthy , life insurance is a must for every family . Use a trusted independent life insurance broker that can find you the best coverage at the best price for your unique situation .


Input: How To Determine How Much You Need For Life Insurance?

Output: I do n't see life insurance as a `` need '' issue but rather a `` want '' issue . Conventional wisdom would have you go through a `` needs analysis '' where you decide on some criteria such as inflation , interest rate , minimum income needed , etc. . I prefer looking at it from a `` human life economic value '' position . In other words , what is the present value of all your projected future income ? Insurance companies simplify this by using a `` multiple of income '' factor based on age . That is the maximum a company will issue someone . I ask clients this simple question ... `` If something happens to you , how much of your income do you want to make sure continues to your family ? '' Many say `` all of it '' and others say something else . Whatever they say , we work from there .


Input: How To Determine How Much You Need For Life Insurance?

Output: Of course this is a question that has been asked for many years . I think that it is best to answer that question with another question , Who do you love ? After that a follow-up question would be , What do you want them to have if you are unable to be there to provide it for them ? Most people want their loved ones to continue to have food , shelter and clothing . They might have aspirations concerning higher education . All of these issues can be measured and a sum determined .


Input: Why Buy Life Insurance For A Child?

Output: That is a good question ! There are a number of excellent reasons to buy life insurance for a child ! Life insurance is like buying money at a huge discount ... If you buy the right kind of life insurance from a mutual company . That is whole life insurance . The younger the insured is the less the premium will be assuming the person is in good health . So even if you buy a smaller policy it will have a longer time to accumulate cash value . And that cash value grows tax-FREE ! And may be accessed tax-Free as well when the ` child ' is older . Or if you retain ownership of the policy YOU can access the cash value to pay tuition for their schooling or whatever you decide . The policy could also be used to contribute to the `` child 's '' retirement income when that happens ! I could go on and on , but you should talk with a knowledgeable insurance adviser .


Input: Why Buy Life Insurance For A Child?

Output: Wow . What a wonderful and popular question with a great answer ! Children 's rates are the very lowest there are . By locking in a guaranteed rate on whole life for the child 's entire life , you will never have to worry about medical issues or insurability issues . The parents and later the child themselves , will have the lowest premium guaranteed . Insurance will accumulate value with whole life , so they can borrow against it for college or even fund retirement . Think of all the sick and uninsurable children out there who wish their parents had purchased life insurance for them before they got sick .


Input: Why Buy Life Insurance For A Child?

Output: Always be sure to be well protected as parents before thinking about buying life insurance for your kids . That having been said , once a child is covered by a life insurance policy , that child 's `` insurability '' is protected so long as that policy is maintained . That means that as her or she goes through life , should they develop a serious medical condition that might otherwise make them potentially uninsurable , like Crohn 's for example , the coverage they have can not be taken away from them . Further , if a permanent plan is purchased for your child , that policy will develop cash value over the years that can further help their future financially .


Input: Why Buy Life Insurance For A Child?

Output: Buying Life Insurance is really for two reasons , one if for the unfortunate , the childs death . The other is as a gift of life as I like to call it , something you can give them in the future . Especially if you design the policy such as Whole Life to build cash value over time . This can be used in the future for the child 's future family , to help pay for college and more .


Input: Why Buy Life Insurance For A Child?

Output: Make sure that there is enough life insurance on the mother and father . If that is the case determine the reason for the life insurance . It could be that the policy is for final expenses . Sometimes life insurance is sold to juveniles as a way to protect their future insurability . The best way to buy the policy is to go to a trusted insurance agent . If you dont already have one , get recommendations from friends , colleagues and neighbors . The agent should listen to your needs , give sound financial advice and communicate clearly with you and the insurance company .


Input: What Do I Do With My 401K When I Retire?

Output: When you retire your former employer will send you a letter describing the options available with your 401 -LRB- k -RRB- plan . Plans vary and so do options . As mentioned one of the frequently offered options is the privilege of rolling the account into a personal IRA . Since you would be gaining personal control of this asset this might be a very smart thing to do . If the employer allows you to keep the funds in his plan you should check to determine how much of the assets of the fund are invested in company stock . That could be a major consideration . Some 401 -LRB- k -RRB- plans offer flexible arrangements but most will want the money settled in a short time after you retire . Your financial advisor or retirement income certified professional can give you helpful information concerning the options presented . This money needs to be used in a wise manner as you could be retired for a very long time .


Input: What Do I Do With My 401K When I Retire?

Output: If you are no longer working , and officially retired , you will have to roll your 401 -LRB- k -RRB- into an IRA . This IRA may be mutual funds , stocks , bonds , annuities , etc. . I like to recommend Annuities which provide an Income Rider that will give you guaranteed income for life . The other reason to move your monies into an Annuity -LRB- as an IRA -RRB- , is to guarantee you will not loose any of the money you worked hard to earn . When you are retired , loosing 10 % or more will affect your financial status , the monies you have available to retire with . Talk to your advisor or broker . Or you are welcome to reach out to me for more information . Thank you .


Input: Which Is The Best Car Insurance In Florida?

Output: There are so many responsible carriers in Florida that write both personal and commercial insurance , that I do not believe that any should be singled-out , in my opinion . You might be well-served by contacting several independent agencies in you area and askthem to get you quotes from National and Regional carriers that they represent for auto insurance . Then check out the companies via a few internet searches .


Input: Does Auto Insurance Cover Vandalism?

Output: Typically yes , less your deductible if you have comprehensive -LRB- otherwise known as '' other than collision '' -RRB- coverage on your auto policy . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Does Auto Insurance Cover Vandalism?

Output: If you have full coverage , meaning Collision and Comprehensive , then yes it would cover vandalism . As with any claim , however , find out how much the repairs will be before turning in the claim unless the damage is extensive . In the case of vandalism you will need to file an accident report with the police . This will help prove your claim if you decide to turn it in . If the damage is close to or below your deductible you may not want to turn in a claim . If you are unsure call your agent , not the insurance company .


Input: Does Auto Insurance Cover Vandalism?

Output: In a word , yes , auto insurance does provide coverage for vandalism . This coverage is provided by the pysical damage portion of your policy under `` Comprehensive '' or `` Other than Collision '' and will be subject to your deductible . In most cases , in order to settle such a claim , your insurance company will want to receive a copy of a police report along with an estimate of the damage . By the way , if something is stolen from the inside of your car - your phone , clothing or golf clubs to name a few examples , these are NOT covered by your car insurance policy . Personal property loss is covered by your Homeowners ' , Condo Unit Owners ' or Renters ' Insurance policies so be sure to have these .


Input: What Is A Good Age To Get Long Term Care Insurance?

Output: There is no perfect age to get long term care insurance . However , by purchasing coverage between the ages of 40 and 55 , assuming you are in good health , you will , of course , receive much better rates than if you wait until after 60 , when your health and the price will change . A full-time broker or financial planner -LRB- NOT a marketer , radio/tv person , part-timer , or amateur -RRB- is your best resource for ACCURATE information .


Input: Does Cigna Health Insurance Cover Gastric Bypass?

Output: Most CIGNA health policies will cover gastric bypass surgery . However , the reader should note that CIGNA also administers self-funded health plans where the employer can define many elements of coverage and that it is possible that some much older fully insured plans still exist where such surgery was excluded or significantly limited . So check your certificate of coverage first or call CIGNA member services for guidance on this issue for your specific policy . In general terms , while gastric bypass surgery is covered , it is as more of a last resort than as a first course of action because this is a serious surgical procedure that is not without complications . The candidate will have to meet several criteria for pre-approval by CIGNA for this procedure to be approved for coverage and you will have to show that other , less invasive methods of weight loss have been tried and found to be ineffective .


Input: Does Cigna Health Insurance Cover Gastric Bypass?

Output: Gastric Bypass surgery may be covered by your health insurance carrier if it is deemed to be medically necessary . For this type of surgery medically necessary usually means morbidly obese where an individual is more than 100 pounds overweight . Surgeons that perform this type of surgery usually understand the rules and they can assist you with further information . In addition you should refer to your Evidence of Coverage that spells out what is and is not covered .


Input: How Much Optional Life Insurance Do I Need?

Output: You might want to consider purchasing a private policy instead of the optional life insurance offered by your employer . You may be getting the first $ 50,000 of life insurance at work for free , and the first $ 50,000 is usually a nontaxable benefit . But the amount beyond that , which is called `` optional '' life insurance , does not generally involve those perks . While the price may seem good , most life insurance policies offered through work do not stay that same price , and many end when you leave that job . If you are older or have developed a health condition when your employment ends , you may find that the prices are far higher than you could have locked in through a private policy while you were working .


Input: How Much Optional Life Insurance Do I Need?

Output: Are you married ? Do you have kids ? Are they through college yet ? Do you have a mortgage ? Do you have other debts ? When do you plan to retire ? What savings do you have for retirement ? Does your spouse work ? This is just the beginning of a quality interview with an experienced Life Insurance Agent . You should have anywhere from three to ten or even twenty times your annual income , depending on the above factors and all your other needs . Most folks go with only three times their income , which is far from enough . You should be meeting with an agent who knows the right questions to ask you . Gary Lane , Registered Representative and Agent , New York Life , 949 797 2424 . Thank you .


Input: How Much Optional Life Insurance Do I Need?

Output: Before we can really answer this question I would need to know how much life insurance you have in force . The best answer I can give here now is determine how much you need , then take into account what you have in force now , then make up the difference with an additional policy or if the option is available , increase your current in force policy .


Input: Does Beneficiary Of Life Insurance Supercede A Will?

Output: Yes , the beneficiary of a life insurance policy supercedes a will . The will pertains to the estate , and a life insurance beneficiary receives the proceeds of the policy outside the estate . The person named within the life insurance policy is the one who receives the benefit of that policy .


Input: Does Beneficiary Of Life Insurance Supercede A Will?

Output: A life insurance policy is a legal contract . In California the life insurance company is legally bound to deliver the proceeds to the beneficiary in the event of death . The proceeds of the life insurance policy are not an asset of the estate . Therefore , the proceeds are not subject to probate , nor does the will have any impact on the process , unless the beneficiary and the contingent beneficiary have pre-deceased the insured .


Input: Does Beneficiary Of Life Insurance Supercede A Will?

Output: Yes , the named beneficiary in a life insurance policy does . It is important to coordinate each document of course , but a life insurance policy is separate and distinct . The owner of the policy can change beneficiary designations by amendment of the contract directly with the insurance company at any time , but once designated , it can not be changed by other action .


Input: What Is The Average Disability Insurance Cost?

Output: This is a difficult question for an average answer . There are just too many moving parts with underwriting and pricing disability coverage . It depends on age , build , occupation , income , life style , health status , elimination and benefit periods just to name a few . Having said that you can plan on spending 1 % to 3 % of your annual income to a long term disability plan to protect your most valuable asset , your ability to earn a living .


Input: Peronsal liability insurance for author of apps/source code?

Output: With all due respect to the answer given by the first insurance professional to answer this question , there are two different coverage angles to take into account . Let 's tackle the first issue and that is of the professional or product liability . A homeowner policy will not extend itself to cover the liability that arises our of the professional services to write software or machine code that is either given away or incorporated into a commercial product offered to others . In the event of a loss of lawsuit I do n't think you will find coverage and I think if a claim were to be presented a `` reservation of rights '' letter will be issued upon notification of a claim so the carrier can explore the issue prior to rejecting the loss as `` professional liability '' that is not covered in a liability section of a home insurance policy . On the other hand , many companies permit the use of the home for office related tasks and the liability exposure for pedestrian traffic onto the property and/or into the house will probably be covered when the avocation is merely a hobby . Usually the presence of this additional exposures are required to be admitted to the carrier . That said , all claims issues are ultimately compared against coverage terms and language and no one should rely on this general advice as anything other than a reminder to consult with your insurance agent for the best answer . And finally , I am aware of no coverage that is available for the hobby coder to add to a home insurance policy . It would be interesting to know if you actually work in the computer software business in your day to day paid work .


Input: Peronsal liability insurance for author of apps/source code?

Output: You will not find coverage for business related liability in your homeowners policy , even if you work from your home . This is a very technical kind of risk and would probably best be handled by a specialty company . The risk , however , is general liability , or more specifically product liability . Policies usually restrict losses to those involving personal injury or property damage . Coverage does not necessarily extend to a program that simply doesnt perform as promised .


Input: How To Cancel Travelers Renters Insurance?

Output: In order to cancel Travelers renters insurance policy you would either contact your Travelers agent or Travelers directly to notify them of your request to cancel your renters policy . Most likely you will be asked to provide a letter in writing that is dated and signed to process the cancellation request .


Input: How Universal Life Insurance Works?

Output: When you pay a premium to a universal life policy , that amount which exceeds the current cost of insurance is credited to the cash value of the policy . That cash value earns tax deferred interest according to the provisions of the policy . In addition to the current cost of insurance there are fees which are also withdrawn from the policy as stated in the policy . The insurance company generally offers a minimum interest rate set by the contract , but may change the rate credited from time to time .


Input: How Universal Life Insurance Works?

Output: Universal Life is also known as Flexible Premium Adjustable Life - this is the official name of this type of product . It describes in a simple way how the product works . Premiums are flexible because that can be adjusted upward or downward . You can also skip premiums . You also have a choice of level or increasing death benefit which describes the adjustable nature of the product . Universal life builds cash value that can grow based on a stated fixed interest rate , which may vary over time , but which will never be less than a guaranteed minimum interest rate . Policy costs for administrative expenses and cost of insurance are deducted from the cash value monthly . Universal life is best suited to satisfy the longer-term needs of policyowners who want premium flexibility and cash value accumulations that reflect current fixed interest rate returns , with a guaranteed minimum interest rate .


Input: How To File An Automobile Insurance Claim?

Output: My best advice is to contact your agent if you have one . They can help facilitate the claim and get your car repaired and paid for quickly and arrange a rental car while yours is being repaired . If you bought coverage from a direct writer -LRB- Geico , Progressive etc -RRB- you need to call their claims dept whose phone number should be on the back of your insurance ID card .


Input: How Does Life Insurance Work If I Die?

Output: When you die , the life insurance benefit is paid to your beneficiary in a lump sum , or in installments . You can talk that over with your beneficiary now and decide which is best , or your beneficiary can wait to see what method of receiving the death benefit is most cost effective at the time of death . The proceeds are generally income tax exempt and can be spent however your beneficiary wishes .


Input: How Does Life Insurance Work If I Die?

Output: If you are the insured of an in force policy and die , the policy beneficiaries will receive the death benefit proceeds about 30 to 60 days after your demise . Generally , when a policy insured dies , the policy beneficiaries -LRB- sometimes the policy owner -RRB- contact the life insurance company and receive the carriers death claim form . That form is filled out and returned with the certificate of death and the newspaper obituary . Again , it can take between 30 and 60 days to receive the policy proceeds .


Input: How Does Equity Indexed Universal Life Insurance Work?

Output: Indexed universal life uses domestic and foreign indices with crediting methods : cap rates , participation rates and spread rates . The life insurance company generally purchases index options . If the options are exercised a positive credit is applied . If the options are not exercised , then nothing is credited . Like all life insurance policies , index universal life has policy fess , expenses and cost of insurance that is deducted from the premium . Then the credit , if any , is applied .


Input: Why Would Homeowners Insurance Go Up?

Output: There are many possible reasons as to why your homeowners insurance premium would rise . Not all of the reasons are under your control . Some of the more obvious reasons for an increase in your homeowners insurance premium are : inflation -LRB- the insurance carrier generally incurs more costs each year -RRB- , claims that you may have filed , a change in your credit rating , an increase in homeowners claims within your carrier or your geographic area , or increases in valuation of properties in your geographic area just to name a few .


Input: Why Would Homeowners Insurance Go Up?

Output: Talk to your Insurance Professional about your Home Insurance policy and what specifically may cause the premium to increase in your case . In general , there are a number of factors that can contribute to a premium increase . For example , it is likely that your policy has an `` inflation guard '' provision that increases the dwelling amount provided each year . If the dwelling amount on your home increased over last year , that would certainly account for a premium increase . If you suffered a covered loss and had to file a claim , that might affect your renewal premium . If your area was hit with heavy weather related losses , like the ice daming that the North East and specificlally CT was plagued by , even if yo were not affected , your company might have had to take a rate adjustment as a result of the losses . Your Insurance professional wil be able to review your coverage and advise you not only as to why the policy may have increased , but also ways to save .


Input: Who Really Needs Long Term Care Insurance?

Output: Who really needs long term care insurance ? EVERYBODY . The question really is who can afford long term care insurance ? What long term care insurance does for a person is create a pool of money to purchase the quality of care they want , rather than what they have to settlefor . All long term care insurance does is pay for better care and nicer facilities to reside in or home health care . When you do n't carry a long term care policy and have used up yourassets , you can still get care , covered by thegovernment , cept your say in the quality of care you receiveno longermatters . With the government having to find ways tomake budgets work , caringfor the elderly tends to slip down in priority funding wise .


Input: Is Disability Insurance Payments Taxable?

Output: In Canada , disability insurance payments are usually structured so that the payment is tax free . This applies to individual plans as well as group plans . The basic principle is , if the premium is paid with after tax dollars , then the benefit is tax free . If the premium is deducted as an expense -LRB- employee benefit -RRB- , then the benefit payment is taxable . That is why with group insurance plans the premium split is structured so that the employee pays the Long Term Disability -LRB- LTD -RRB- portion of the premium . This is done to keep the benefit tax free . Plans can be structured to provide a benefit to employees with the company paying the premium on the policies and deducting it as an expense . Certain rules need to be followed . Here is an overview : Company pays premium for coverage , gets the deduction , employee does not pay tax on the premium `` benefit '' , but any disability benefit is taxable . In order to offset the income tax , the amount of coverage the employee is permitted to apply for is increased . If you have any further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Who Has The Best Rates On Car Insurance?

Output: Who has the best rates on car insurance and where do you get them ? When you utilize the free services of an experienced broker , you 'll be able to find the lowest prices much easier than attempting to shop yourself . Whether it 's State Farm , Farmers , Geico , Progressive , Esurance or another carrier , shopping for the best car insurance rate is not fun . That 's why we simply the process for you by utilizing our experience , websites and modern software to save you money .


Input: Does Homeowners Insurance Cover Cracks In Foundation?

Output: ` Maybe ' is the most accurate answer . It is not meant to avoid answering the question but it must be remembered that the standard homeowner policy does not automatically cover damages to the structure . It is not a maintenance policy . To determine if the policy will cover such damages , the actual cause of the crack or cracks needs to be determined first .


Input: Does Homeowners Insurance Cover Sheds?

Output: Yes , typically unless there is an exclusion written into your policy . Most homeowners policies provide up to ten percent of the policy amount for other structures . If you have a shed that is worth more than ten percent of the policy value then you will want to have your agent secure more coverage for the building through a policy endorsement . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Kind Of Retirement Plan Is Best?

Output: The first step is to establish what your effective tax bracket is to determine if you should set up a qualified or non qualified plan . If your tax bracket is low , the deduction may not be as valuable in a qualified plan as the flexibility of a non qualified plan . You also want to assess your risk tolerance to help you select suitable investments that meet your financial profile . Another consideration is whether to set an individual plan or participate with a plan at work . Some employers match portions of your contributions , so it 's important to thoroughly examine your options .


Input: What Kind Of Retirement Plan Is Best?

Output: What kind of retirement plan is best ? Well the answer really is the retirement plan you will continue to fund right up into retirement . It is n't the plan as much as it 's the effort to save money . What is the point of deciding the best plan allows you to put 25 thousand a year away when you are n't putting $ 5 away ? The big thing is to decide to make saving a habit . Once you commit to that , then you should look at what is available to you and then you look at expenses of who is handling your money .


Input: What Are The Forms Of Homeowners Insurance Available To Homeowners?

Output: Homeowner 's insurance has many forms of coverage . A broad form is a basic policy that covers many perils for your home , other structures and personal property . But it is not as comprehensive as an `` all risk '' policy . A basic policy provides less coverage . There are also renter 's and condo policies for consumers that do n't own their home .


Input: What Is A Supplemental Executive Retirement Plan?

Output: The most common understanding of a supplemental executive retirement plan is one contributes to a permanent cash value plan : Participating Whole Life , Current Assumption Universal Life , Indexed Universal Life and Variable Universal Life . Product suitability needs to match up to the policy owners financial profile and risk tolerance . The policy design is critical to the cash accumulation , using the lowest cost of insurance option that complies with TAMRA . The most popular supplemental plan is a 162 Executive Bonus Arrangement .


Input: What Is Coinsurance On A Health Insurance Plan?

Output: Coinsurance is the amount of the bill you share with the insurance company , typically after your deductible has been satisfied . Most commonly you will see this as 80/20 -LRB- can be 50/50 , 70/30 , 90/10 and 100/0 -RRB- , whereas the insurance company pays 80 % and you pay 20 % . Your portion will be capped . This is known as Maximum out of Pocket .


Input: What Is Coinsurance On A Health Insurance Plan?

Output: What is coinsurance on a health insurance plan ? Well coinsurance is the part of the bill where the insured and the insurance split the payment of the bill . First there is the deductible , where the insured -LRB- you -RRB- pay the cost of the bill . Then once that is met or waived in some situations , the coinsurance kicks in and the cost is split between the insured and the insurance company .


Input: Who Can Cash In A Life Insurance Policy?

Output: The only person who can cash in a life insurance policy is the owner of the policy . The person insured is not always the owner . The owner can be either the person insured or the beneficiary . The owner could be another third party . Only the owner can cash-in the life policy .


Input: Who Can Cash In A Life Insurance Policy?

Output: That is a great question ! The insurance companies will only allow the person who owns the policy to make certain decisions . The owner is the only one who can name or change the beneficiary , and the only one who can cancel , or surrender the policy . Please be aware that the insured may or may not be the owner of the policy . Thanks for asking !


Input: Who Can Cash In A Life Insurance Policy?

Output: As David stated , only the owner of the policy can cash in a life insurance policy . It may need to be explained , as well , that not all life insurance polices can be cashed in , because not all life insurance policies have cash value . Even Whole and Universal Life policies usually take time to build up cash value , and Term policies never have cash value unless they have a return of premium feature . So , stated another way , only those who own policies that have cash value , can cash in their life insurance . But they can also borrow from their cash value , and that often is a better way to access the cash in the policy , so as not to give up the death benefit .


Input: Who Can Cash In A Life Insurance Policy?

Output: In Canada also only the owner can cash is a life insurance policy . If there is an irrevocable beneficiary their permission is required . In addition to loosing the protection there may be tax consequences when you cash in a policy . A suggestion would be to explore borrowing using the policy as collateral that way you could access the cash without a policy disposition and taxation . 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: Do You Need Homeowners Insurance In A Condo?

Output: There is a special form of homeowners insurance for condo owners . Most mortgage companies require that you have a condo form policy to protect their interests in the property . Unlike a standard Homeowners policy , the condo form does not cover exterior walls and the grounds as these are covered by an association policy .


Input: Do You Need Homeowners Insurance In A Condo?

Output: Condo Insurance falls under the `` Homeowners '' Category . You would want a type of policy mostly referred to as an HO6 . It provides protection from the walls in , protection for your contents , and liability coverage . Chances are your mortgage company and even your condo association require this type of policy . Living in this type of community you will want to inquire about your loss assessment coverage , you will definitely want more than the standard coverage , and your condo association may have requirements pertaining to the amount of loss assessment you need on your policy . Contact an independent agent in your state that can advise you further .


Input: Do You Need Homeowners Insurance In A Condo?

Output: Insurance coverage for a condominium unit owner is slightly different than a policy that covers a single family free standing home . As a condo unit owner , your policy will provide coverage for your personal belongings that you brought into your home as well as any appliances purchased or `` improvements '' that you made to your unit . Coverage for the building itself and the common areas owned by the association are provided in a `` Master Contract '' with the Association as Named Insured . Depending on the laws of the state in which you live , your unit owners ' policy should pick up where the master contract ends .


Input: How Do Life Insurance Companies Test For Drugs?

Output: The exact tests that are required for an exam a person will take will depend on several factors - their age , the amount of coverage they 're applying for , and the carrier they 're applying to . Each carrier has their own underwriting guidelines so some may have different exam requirements than others . For middle aged individuals , you will most commonly see an exam consist of 3 parts : 1 -RRB- Paramedical exam - checking your height/weight , your pulse , and going through the medical questions 2 -RRB- Blood Test 3 -RRB- Urine Test The urine test is the primary method for testing for drugs . Markers in the blood can also show evidence of drug use . One recommendation is know which carrier and which of their programs you are going to apply for . You do n't want to take an exam before completing the application process because if you apply to another carrier than you may have originally intended , you may have to complete extra testing because that 2nd carrier may have more markers they check for -LRB- therefore extra exam requirements/tests -RRB- than the other carrier . Ideally , you want to have everything in order and make sure it 's right so you only have to do it once . 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 Do Life Insurance Companies Test For Drugs?

Output: Insurance companies typically test for drugs with bodily fluids such as blood and urine . In some cases they test hair , but that is rare . The length of time a drug stays in your body and can be detected by routine testing varies . Regardless , it is important that you are truthful when you complete your life insurance application . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: How Do Life Insurance Companies Test For Drugs?

Output: Most life insurance companies use companies called parameds , which dispatch nurses to collect medical history and health data . Besides registering height , weight , blood pressure , they collect blood and urine samples . These samples are tested for common diseases and drugs including nicotine , prescription and illegal drugs . Even on smaller cases where blood and urine samples are not warranted they will sometimes use a mouth swab or hair sample especially if there is any type of suspicion of drug use .


Input: How Do Life Insurance Companies Test For Drugs?

Output: That is a great question ! Typically when the company tests , they send a para-med who will collect one or more of these things , depending upon the company , and their impression during their visit : a blood sample , urine sample , hair sample , and / or mouth swab . The hair samples are very accurate , and are very difficult to fake , and are becoming more common , as testing them becomes cheaper . Thanks for asking !


Input: How Do Life Insurance Companies Test For Drugs?

Output: Insurance companies must weigh the cost against the benefit of extensive testing of applicants . Urinalysis was the major tool used for many years . In the case of high amounts of coverage blood testing was and is still used . This was largely replaced for many applicants with a mouth swab . Today many companies rely upon self-declared listing of prescription drugs . They can develop a pretty accurate profile of an applicant this way at very little cost .


Input: How Do I Get Life Insurance On My Husband?

Output: In order to acquire for insurance coverage on someone else , first you need to have insurable interest . You would have insurable interest in your husband . Next you need to have their permission , so you husband would need to sign the application as the life insured . You could be the beneficiary and own the policy . You would have total control once he gives permission to be the life insured . An independent life insurance broker , representing several companies , could help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me.If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: How Do I Get Life Insurance On My Husband?

Output: Securing coverage on your husband is like securing coverage on anyone else - you must have an insurable interest to buy a policy on another life as well as their consent to take out a life insurance policy on them . From there , there 's different types of programs to consider -LRB- term vs. universal vs. whole life and whether you 're ok with taking an exam or are strictly against it - you 're generally paying much higher rates with non-medical policies and the face amounts under a single policy are going to be limited -RRB- The risk class your husbandqualifiesfor determines the final premiums that you 'll pay -LRB- in addition to his age and if he uses any tobacco products -RRB- - please note , the risk class from company ABC may not be the same risk class he gets from company XYZ . Every company has their own underwriting guidelines and views risk on medical histories differently . I recommend consulting with a knowledgeable , experienced life insurance broker who can shop the case for you and review multiple carriers ' programs as well as complete a life insurance needs analysis -LRB- if you would like to determine how much coverage you need and how long you need it for - you can also look at a combination of benefits -LRB- e.g. some term and some permanent -RRB- -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 Do I Get Life Insurance On My Husband?

Output: If you are dependent upon your husbands income or share debt with your husband , he should have life insurance to cover your financial need . There must always be an insurable interest to purchase life insurance on another person . Life insurance always has to be written and underwritten with the insured persons knowledge and permission . I suggest asking friends and family if they know a good independent life insurance broker to professionally shop for your best coverage options . If your husband is not currently insured start today .


Input: Does Medigap Plan F Cover Physical Therapy?

Output: MediGap Plan F policies are designed to pick up the 20 % that Medicare does n't cover in exchange for a monthly premium . The plans are standardized and are required to cover all of the approved services covered by Medicare Parts A & B. Physical Therapy is considered an outpatient rehabilitative service . This category is a Medicare covered benefit which includes Occupational Therapy , Physical Therapy , Speech and Language Therapy .


Input: I Can't Afford Health Insurance What Are My Options?

Output: Healthcare reform has expanded the Medicaid program to include individuals with gross incomes of under 138 % of the federal poverty line , it has also establish federal subsidies , and cost sharing reductions for individuals with gross incomes of up to 400 % of the federal poverty line . When submitting ones information to the newly opened healthcare exchanges it will be automatically cross referenced to verify what public programs the individual qualifies for .


Input: Does A Single Man Need Life Insurance?

Output: It depends on several factors such as your age , goals and objectives . Many people who are single now expect to have a family sometime in the future . Or , they have extended family members in their care . One 's insurability can change in the future so starting now while younger and insurable is sensible .


Input: Does A Single Man Need Life Insurance?

Output: Whether a person NEEDS life insurance or not , -LRB- single , married . male , female - whatever -RRB- , really depends on what that person 's financial condition is . Whether a person WANTS , -LRB- or should want -RRB- , life insurance is related , but has many other determining factors . As has been mentioned above - if a person has family or charities they want to leave a legacy to ; If a person has financial obligations that would fall on family members if they should become disabled or die , these are good REASONS to purchase life insurance . If a person has enough wealth in liquid assets to cover any eventuality and protect loved ones from liability , then , no - there is no NEED . But even in such a case a wise person would WANT to have a Whole Life policy with a Mutual company that pays dividends to the policy holders .


Input: Does A Single Man Need Life Insurance?

Output: Do you need life insurance ? No ! If you never plan on getting married or starting a family you do n't need life insurance . However let 's think outside of the box . What do you care about ? Think about the impact you can have by buying a policy and having it benefit a charity or research , perhaps a scholarship . Something to think about .


Input: Does A Single Man Need Life Insurance?

Output: A single person may have immediate or related family members , business partners or favorite charities that he or she wants to protect and/or transfer assets to when he or she dies . Life insurance can also be a tax advantaged supplemental retirement plan that designed correctly may generate tax free distributions in the future .


Input: Does A Single Man Need Life Insurance?

Output: That is a great question ! I guess the answer really depends upon you , and your view of your future . I 'm assuming that though you are n't married , that you still have family that is alive , and that may be burdened with the expense of your funeral arrangements ? If so , you might think about a policy to spare them those expenses , they will be burdened enough with their grief . Are you planning one day to marry ? If so , then you 've already taken steps to provide for your future wife and children . I hope that helps , thank you for asking !


Input: Does A Single Man Need Life Insurance?

Output: Anyone can help make their passing less stressful on survivors by having life insurance , at least enough to pay off the funeral and pay off debt . If you have a business , there are a number of ways life insurance can be used to transfer your business interests to prospective buyers . Whether the death benefit goes to a funeral home , charity , relatives , or business partners , life insurance is a smooth and tax friendly way of handling end of life issues .


Input: Does A Single Man Need Life Insurance?

Output: A single man may need life insurance to pay off bills , a mortgage or loans . Having life insurance to cover funeral expenses is especially helpful for a single man , as there will not be a spouse who is there to take care of that obligation . A single man may also want to leave money to relatives or charity , which is easy to do with life insurance .


Input: What Happens When Your Homeowners Insurance Drops You?

Output: Well , if for some reason your company non-renews or cancelsyour Homeowners ' coverage , the best thing to do would be to start researching coverage availablity with other carriers . Though there are many commonalities in underwriting standards among companies , there are also differences . Hopefully another carrier will be able to offer you coverage . If not , check with your insurance professional about coverage that might be available in a state insurance plan . The coveragemay be more limited than you have been used to having , and the pricing may be higher , but this might be another avenue . Finally , if you have a mortgage , they will be notified and if you are not able to obtain coverage on your own , trust me , they will obtain it and pass the premium on to you .


Input: Is Life Insurance Subject To Federal Income Tax?

Output: Is life insurance subject to income taxes ? Usually , the answer is no . The proceeds of the death benefit are usually considered to be income tax free to the beneficiary because the policy owner had already paid taxes on the premium . Where the taxation would change would be where a tax deduction was taken on the premium .


Input: Is Life Insurance Subject To Federal Income Tax?

Output: In most cases the death benefit of a life insurance policy is not taxable as income . The only exception would be that if the type of policy seems to the IRS to be an investment in disguise . This is very rare . This is what makes life insurance an attractive way to save for final expenses .


Input: Does State Farm Renters Insurance Cover Flood?

Output: State Farm renter 's insurance does not cover flood . In fact , no renter 's insurance policy covers flood since it must be purchased separately . It is a specific risk that has been handled by a government agency in the past . If you are in a flood zone or are at risk for flood damage , you can speak to a broker about rates and policy information .


Input: Where Can You Buy Annuities?

Output: You can buy annuities from life insurance agents who offer them . These agents may be in an agency offering many companies or represent just one company . They may be financial planners . They may have websites . You should call around and ask if they have expertise in annuities , because that is very important in annuity sales , due to the large amounts of money involved and the many product features to choose from .


Input: Where Can You Buy Annuities?

Output: You can purchase annuities at an online brokerage outlet thatdistributeshundreds of tax deferred annuities andsingle premium annuities to give you a broad based selection to choose from . Make sure that they also sell variable annuities as an option . some brokerage outlets don not sell securites and they may be product you 'll want to consider .


Input: Does The Military Have A Retirement Plan?

Output: The Military does offer three retirement plans . The one that you would receive is based on your DIEMS -LRB- Date of Entry Into Military Service -RRB- . They are called Final Pay , High-3 , and REDUX . Benefits are calculated based on your number of years in service , the year you will retire , basic monthly pay received , a multiplier , and cost of living factor .


Input: What Is Personal Liability In Home Insurance?

Output: Personal liability is what protects you from lawsuit if someone is injured on your property . We live in a litigious society , unfortunately , making higher limits of liability necessary . I recommend at least $ 300,000 for the average homeowner and more if you live in an upscale neighborhood . It is a protection for you and the cost is not that great .


Input: How Much Critical Illness Insurance To Buy?

Output: It would depend on your individual situation . I would look at how much money you would need to keep the family going if youdevelopa critical illness and can not work . Take in consideration disability payments , health insurance , and affordability . A good agent will sit down and help you evaluate your individual situation .


Input: How Much Critical Illness Insurance To Buy?

Output: It would depend on your individual situation . The quick answer would be as much as you can afford . Take into consideration what you will lose in income and whatexpensesyou mightincur . Aflac has a tool on their site that can helpdetermine the cost of an illness called the real cost calculator . Check it out at WEBSITELINK This you figure out what you might need and possible cost .


Input: Does Personal Auto Insurance Cover Rental Vehicles?

Output: There are a couple of angles on this question . And as always , check with your agent . Coverage varies by state and insurance company . In Illinois , your owned vehicle insurance policy generally extends coverage to the temporary use of a rental car , rented in the 50 states and Canada . The same coverage applies . That means that if you do NOT have physical damage coverages on your own policy , i.e. collision and comprehensive , you wo n't have them for the rental vehicle either . You would then need to purchase the physical damage waiver from the rental agency . All of this discussion refers to the rental of a private passenger vehicle . If you 're moving and rent a truck for your belongings , your personal auto insurance will probably not cover it . If the original question relates to coverage to pay for a rental vehicle , most companies provide the optional coverage in the event of a covered claim .


Input: How Much Is Medicare Per Year?

Output: If you are age 65 or over , Medicare Part A is usually free . Medicare Part B for most people is about $ 105 per month -LRB- as of 2014 -RRB- . It can be a little higher based on your income over the last 2 years . In addition to that you need to factor in the cost of a Medicare Supplement Plan and a Medicare Part D prescription drug plan . To get an idea of what Medicare Supplement plans would cost , you can compare plans on our website or give us a call at 1-888-407-8664 .


Input: Can You Borrow From A Term Life Insurance Policy?

Output: Term life insurance has no cash value , so there nothing to borrow . But as personal property , an existing term life insurance that is convertible to permanent life insurance for older insured may have the potential to be sold in the life settlement market for cash .


Input: Can You Borrow From A Term Life Insurance Policy?

Output: Term life insurance does not have any cash value , so it is not possible to borrow from a Term life insurance policy . Term life insurance is `` pure protection '' that only covers financial loss from death , and does not provide the options for accumulating cash value like permanent life insurance does .


Input: When To Apply For Homeowners Insurance?

Output: Most homeowners policies are purchased to coincide with the closing of escrow . The title company arranges with your insurance agent to provide an insurance policy on that specific date . The policy can be replaced on any date . If you want to change companies you need to notify your existing carrier and if the policy is being paid out of escrow , they will need to be notified as well .


Input: Can Health Insurance Premiums Be A Tax Deduction?

Output: Health insurance premiums can sometimes be a tax deduction . Depending on the type of policy you have , and how you file your return , you could benefit from tax deductions . More often , healthcare expenses -LRB- instead of premiums -RRB- receive the best tax treatment . For example , a Health Savings Account -LRB- HSA -RRB- will allow you to deduct qualified deposits into the side-account . The money you deposit must be used for health , dental or vision expenses that are approved by the IRS . If you itemize , under certain circumstances , you can deduct some medical expenses if you meet certain restrictions .


Input: Can Health Insurance Premiums Be A Tax Deduction?

Output: Premiums are tax decuctible for any self employed person or business owner if they utilize an IRS sanctioned health reimbursement program called a HRA105 . To take advantage of the HRA105 you must have a written document prepared by a professional at an average cost of $ 300 . USHeath Advisors business association will prepare the documentation free for clients or association members.For individuals ; an HSA -LRB- Health Savings Account -RRB- would be the way to go . Although it does not give tax breaks on premiums ; it does on deductibles , dental , chiropractic etc. .


Input: Does Medicare Pay For A Breast Reduction?

Output: If you look on page 56 of your Medicare and You book there is a list of things that Medicare will not cover like Long-term care or custodial care , routine dental or eye care , dentures , acupuncture , hearing aids and exams for fitting them and yes cosmetic surgery is also not covered . With that being said if your doctor find thats it is medically necessary to perform the reduction to elevate pressure from the spinal column that is causing you sever back pain , then it may be covered but you need to check with your doctor and get his professional opinion .


Input: What Company Has The Cheapest Renters Insurance In New Jersey?

Output: The desire to have Renters Insurance is one that varies in different geographic areas ; the decision to purchase Renters Insurance is either due to sense of responsibility , the requirement by the Landlord or both ! The mostaffordable Renters Insurance in New Jersey is underwritten by Stillwater Insurance Group . Renters Insurance is a very valuable and inexpensive option to cover the tenant fromthe results of a Negligent Act ; this would be covered by the Personal Liability section of the policy , this part is also not subject to the deductible on the policy . In addition to the Personal Liability section , thepolicy will offer protection for Personal Contents against a number of perils including Fire , Theft , Water Damage and a number of additional perils listed on the specific policy . Coverage forms vary from State to State . There is an online method to obtain a quote and purchase renters insurance online directly in multiple States ; the following linkwill be very helpful : WEBSITELINK It is our recommendation to select the highest available Liability Limit , the sufficient amount of Personal Property and a high deductible ; these selections will produce ample coverage with a low premium rate . For additional questions and/or assistance not available on the automated process , we recommend contacting a licensed professional for guidance .


Input: How Does Long Term Disability Insurance Work?

Output: Long term disability traditionally covers you until age 65 against prolonged illness and injury . Many advisers call disability insurance , paycheck protection . Most working Americans have 90 days in cash reserves , so a traditional elimination or waiting period is 90 days before tax free benefits begin . Disability insurance is part of a solid defensive plan and in tandem with term life insurance can deliver the peace of mind workers need .


Input: How Does Long Term Disability Insurance Work?

Output: You select how long you want your long term disability policy to work when you buy it . You can pick it to last a number of years , or you can pick it to last to age 65 . The length of coverage and elimination period will affect the price you pay .


Input: How Does Long Term Disability Insurance Work?

Output: How does long term disability insurance work ? Well you get to choose how long before it starts and how long it runs along with features that take effect when the policy is used . All of these aspect effect your cost . Actually long term disability is a very easy product to choose from as you can get a grid of waiting period and payout period on a spreadsheet to help put your policy together . You can choose when the policy starts , when it ends and if it grows with inflation or allows for partial disability and payments .


Input: How Can I Find Out If Someone Has A Life Insurance Policy?

Output: The first place that you can check is Policy Locator Service through the Medical Information Bureau . MIB Group , Inc is a cooperative data exchange formed by the North American life insurance industry in 1909 . There is a cost associated with the search but it will return results via mail with a list of queries by insurance companies for underwriting on the search subject , from whenever they were `` shopped '' for insurance . Keep in mind , that this is not 100 % inclusive for all insurers . The search form is located here WEBSITELINK Secondly , through some sleuthing using either the above list or my following list of suggestions , you should contact the insurers on your target list , in order to verify the active policies . Where to search : - Credit card and bank statements : Go back through the insured 's financial records and look for periodic payments to insurers , whether it be on a monthly , quarterly , semi-annual or annual basis . This should indicate who the insurer is/was based upon where the money is paid to . - Banks , Credit Unions , Credit card companies : Often times , many banks , lenders and credit companies offer group policies for their account holders for as little as $ 1,000.00 of coverage and higher amounts based upon certain requirements . Check with these groups to see if they had offered any of these products at any point in time . - Pay stubs/Employers and Benefits companies : Many employers offer a basic life or AD&D policy to full time employees for free as well as inexpensive group policies . Deductions for the premium payments on the group policies may be found on the insured 's pay stub . However , many times , this coverage is only active when the insured is employed . - Split Dollar/Executive Compensation plans : Some employers taking advantage of tax regulations , used life insurance to pay benefits to key employees which may have also been part of Supplemental Exec Retirement Plans -LRB- SERP -RRB- . Verify with the insured 's former employers if any plan existed . - Unions , Pensions and Fraternal organizations : Many Unions and Pension funds may have a small paid-up policy on the insured as part of their benefits package . The same goes for Fraternal organizations including Knights of Columbus , Elks , Masons , etc. . Many times the search is no easy task however , after a bit of detective work and dedication , you may uncover a handful of forgotten or unknown small policies , where the cumulative benefit adds up and more than justifies the search !


Input: At What Age Do Life Insurance Rates Increase?

Output: The age at which life insurance premiums increase , IF they increase , depends on the policy you have . If you have term life insurance , premiums will go up when the guaranteed period ends . That is usually when the number of years in the term is up -LRB- e.g. if you have 10 year term , premiums go up 10 years from the time you purchased the policy -RRB- . However , some premiums are not guaranteed to stay the same for the full term period . So be sure to ask what the `` guaranteed level '' period is when you buy your term life insurance policy . With Whole Life or Universal Life , you might never have a price increase . Again , it depends on the policy . Some organizations offer policies that can raise rates at any time , as long as you are not singled out for the price increase . Others will raise rates every 5 years , or at certain ages . If you buy a Whole Life or `` no-lapse '' Universal Life policy from an agent , your premium will usually be locked in for your lifetime .


Input: At What Age Do Life Insurance Rates Increase?

Output: Life insurance is all about statistics . If you search the internet for a chart of life expectancy you will find that there is a slight increase each year until the curve heads uphill quickly as you mature . The rate the company charges reflect that difference . Similar coverage will cost more next year than it does now .


Input: At What Age Do Life Insurance Rates Increase?

Output: Rates for life insurance increase each year as you grow older . The number of people who die at your age and sex increases with each passing year . Most insurance policies promise level payments for a period of years . Whole life policies guarantee that the premiums wont increase and that the death benefit will remain level . Other forms of permanent insurance project premium deposits that could keep the policy in force throughout the lifetime of the insured , however , the policies themselves do not guarantee the death benefit for life .


Input: At What Age Do Life Insurance Rates Increase?

Output: That is an excellent question ! With most whole life policies , the payments are generally set , and do not rise . When you are looking to purchase a policy , the cost will increase the older you get - so a policy purchased at the age of 15 will almost always be much less expensive than the same policy purchased at the age of 51 . Term policies will either increase as you enter new age bands -LRB- AARP , AAA , for example , that increase every 5 years -RRB- , or after the guaranteed rate period ends.It will rise once the policy ends , if you choose to renew it . Once you start the yearly renewal process , be aware that the price will get astronomically more expensive each time . I hope that helps , thanks for asking !


Input: At What Age Do Life Insurance Rates Increase?

Output: The easy answer is every age the premiums for life insurance will increase . Life insurance premiums are based on mortality rates and multiple risk factors . Age is the one risk factor that is constant , the older we get , the closer we are to our demise . The lesson is to purchase as much life insurance as young as you can for as long as you can .


Input: At What Age Do Life Insurance Rates Increase?

Output: At what age does life insurance increase ? Every year . It begins as an easy stroll in your younger years . I mean who ca n't afford a price increase in the cents ? The problem is as you age the stroll becomes a walk up a hill and later on in your late 50s it starts to look like a mountain climb until it hits a point where the price paid for a few years is greater than the benefit received . If you feel you will need coverage for a long while , look at freezing that cost for extended periods of time from 10 to 20 years up to your lifetime . These will cost more than the cost of the moment , but will be cheaper for the long run .


Input: At What Age Do Life Insurance Rates Increase?

Output: Every year , your cost of insurance or COI goes up . The older you are , the higher your COI goes . Let 's talk guarantees for a minute . You can get a term policy guaranteed up to 30 years if your within issue ages . After that term , your COI is much more let alone any health concerns or issues that arise during those years . You may want to consider looking at a guaranteed permanent life insurance policy , or what I refer to as `` term for life '' which will be more expensive that just a term but less expensive if you wait for that term to mature . I recommend talking to your broker and ask about seeing the costs of insurance for different products . Remember , if you wait until tomorrow , your costs could go up so just be aware of what the cost is for waiting .


Input: At What Age Do Life Insurance Rates Increase?

Output: For the most part , if you wait and buy life insurance next year , the premium you paywill probably be more than if you had bought it today . Age isone factor when buying Life Insurance , so the longer you wait , the more it will cost . Once you have a policy , however , then the premium you pay depends on the type of policy you have . If for example , you buy a `` Level Term '' policy , then the premium will stay the same for the number of years stipulated , usually 10 , 15 , 20 or 30 depending upon the policy type you chose . At the end of the stipulated term , your premium will increase . If on the orher hand , you bought a traditional `` Whole Life '' policy , then more than likely you will not see any premium increase for the life of the policy . Discuss your options with your Insurance Professional to determine the type of policy that best suits your needs AND review that policy regularly to be sure that it continues to do so as your life circumstances change


Input: At What Age Do Life Insurance Rates Increase?

Output: With term life insurance , rates increase when the term ends . E.g. . If you have a 20 year Term policy that costs $ 50/mo , the rate could increase to over $ 500/mo at the end of the 20 years . Your choices at that time are to buy a new policy -LRB- if you can qualify for one -RRB- or go without life insurance . If your policy has a conversion feature , you could convert your policy to permanent before the term ends . With permanent life insurance , it is possible that the premiums will never increase . It depends on whether you buy whole life , universal life , or a variation of either . If you already own a policy , you can consult your policy and look at the guaranteed premium to see if your policy premiums will increase in the future .


Input: What Is A Good Renters Insurance Company?

Output: The best homeowners insurance policy is the one that you own when you suffer a loss . It is the only policy that you can turn to for relief . Having a policy in force is critical . That policy is sold by an insurance agent who will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . Setting appropriate limits is the most critical task the agent will help you do .


Input: What Is A Good Renters Insurance Company?

Output: A good Renters Insurance Company is one that is well rated , financially stable and provides the necessary coverage for your Personal Property -LRB- Contents -RRB- and ample Personal Liability Coverage . We recommend sufficient contents coverage to replace your furniture , appliances and clothing and also the highest available personal liability coverage available ; in many cases the premium difference between the minimum and maximum amount of liability may be as little as $ 35 per yeardepending on the geographic location of the insured risk . Should you be seeking a lower premium , we suggest raising the deductible rather than lowering your necessary coverage . Taking a little more risk on the front end will prove to lower your premium substantially as the majority of longer term insured customers take the higher deductible options , enjoy a lower premium and thus remain loyal to the respective carrier for a long time . There is a link available to provide an online format to obtain a quote and buy renters insurance online in multiple States.for those that would rather shop the riskand buy insurance online without the personal interaction of an insurance agent , this may prove very helpful.An exemplary online experience for all ! WEBSITELINK


Input: What Health Insurance Covers Artificial Insemination?

Output: Most health insurance plans will not cover artificial insemination , or any other infertility treatment . These procedures are considered elective . Sixteen states have mandates requiring plans to cover certain infertility treatments . Each state law is different . The laws primarily apply to group health plans issued in the state . If your employer is headquartered in a mandate state that includes artificial insemination , there is a possibility AI is covered .


Input: How Do Medicare Supplements Work?

Output: Medicare supplement plans are designed to dovetail into your original Medicare coverage . Medicare is primary , your supplement plan is secondary . Any Part A or Part B claim that Medicare approves is automatically covered by your Medigap carrier . Approved does not mean your carrier will pay the claim . Your plan may not pay some deductibles , or excess charges .


Input: Is VA Life Insurance Taxable?

Output: VA Life Insurance is not taxable , as long as the beneficiary of the policy is not the `` estate '' . When life insurance proceeds are left to the estate , they are taxable , whether issued by the Veterans Administration or from a private source . But life insurance proceeds left to a person or group do not generally incur income tax . VA Life Insurance is also subject to estate tax if the amount of the death benefit , added to the value of the estate , exceeds the exempted amount . Only the excess is taxed with estate taxes , and the federal exemption is 5.25 million this year . Some states have state estate -LRB- inheritance -RRB- taxes and some do n't .


Input: Can You Remove Spouse From Health Insurance?

Output: Yes , you can absolutely remove your spouse from your plan . If the spouse happens to be the primary on the plan , there should n't be an issue moving you into that primary spot . If the spouse is not primary , then I could n't imagine any reason at all that there would be an issue .


Input: How Do Health Insurance Companies Determine Premiums?

Output: In today ; market , Health Issures have to offer Essential Health Benefics each state may have defferent plans , but they must meet the Qualified Health Benefits for that state . There are five levelsthat the Marketplase has to offer . Every state does not offer all levels , but they must offer at least two . The Affordable Care Act wiil moniter Insurance Issuers to make sure that the Insurance Issues have Essential Health Benefits in place for that State . You may be elligible for tax credits or cost sharing , in some cases you may not have to pay premiuns . It is important to look at all of your option . You can get insurance in the Marketplace or outside of the Marketplace . Remember premiums may be based on what state you reside in . Good luck in your endevor . Remember we all should have coreage availible to us .


Input: Why Is It Important To Start A Retirement Plan As Soon As Possible?

Output: A columnist for Fool.com , Morgan Housel , just wrote a terrific article on this topic titled , An Open Letter to Everyone Under Age 30 . He describes why the best estimate for what stocks will return over many decades is 6.6 % per year , and then goes on to put some real numbers to what 6.6 % growth means : Every dollar saved by a 20 year old for the 45 years until retirement will grow to be worth $ 18.50 . Since a 30 year old only has 35 years until retirement , each dollar saved will only be worth about $ 9.60 . As Housel says , `` Saving a little bit of money when you are young can be a more efficient way to build wealth than saving a lot when you 're older . ''


Input: Why Is It Important To Start A Retirement Plan As Soon As Possible?

Output: Albert Einstein was fascinated over the mathematical power of compounded interest over time . The sooner you start saving for retirement the better . The consequences for procrastination are expensive and will dictate the lifestyle you 'll lead in retirement . A retirement plan is essentially paying yourself first . Social Security may be inadequate , so it 's up to you to fund your own retirement , starting today .


Input: How Much Does Mortgage Life Insurance Cost?

Output: Mortgage Life Insurance sold by most life insurance agencies is simply Term life insurance . The face amount does not decrease , so that if you pass away 20 years into the policy and 3/4 of your mortgage is paid off , your beneficiary can keep that 75 % of the death benefit to use for other purposes . The prices are very reasonable because this type of policy is sold everywhere and there is lots of competition . To find the cost of this mortgage life insurance , go to an online life insurance agency advertising `` instant quotes '' and run quotes to your heart 's content .


Input: How Much Is A Life Insurance Policy?

Output: Life insurance pricing is determined by age , health and type of policy . The cost is called your premium . Charges for insurance are different than costs . There are also two person policies called survivorship life insurance which reduces thecostsof a one person policy with the same insurance benefit . But your health , your age and the type of polciy you buy determine your premium and thus your cost .


Input: How Much Is A Life Insurance Policy?

Output: The cost of life insurance varies widely with the amount of coverage , the type of policy , and the age and health of the applicant . To find out what the lowest priced policies would be for someone with your age and health , you can go to a website that offers `` instant '' quotes . The rate will come up and you can change the variable to see what different types and face amounts would cost . Keep in mind that your rate could be higher based on your health and other risk factors .


Input: How Much Is A Life Insurance Policy?

Output: The smallest premium I have seen for a life insurance policy is $ 15 . The highest is in the millions . The amount of coverage that you can get for any given premium amount depends on your age , health history , tobacco use , gender , height-weight , etc. . Your independent agent will give you rates for many companies and help you understand which companies will approve you .


Input: How Much Is A Life Insurance Policy?

Output: Life Insurance is a mortality product . Individual life insurance is priced based on your mortality . Your mortality is calculated based on your gender , age , smoking status , health history , and current medical condition . There are also additional items that impact mortality like motor vehicle violations , hazardous vacation or recreational activities . There are two types of life insurance : term and permanent . Depending on the length of coverage will impact the premium as well .


Input: How Is Medicare Advantage Affected By Obamacare?

Output: Obamacare reduces funding for Medicare by more than $ 700 billion between now and 2020 . This means Medicare beneficiaries will pay higher premiums , higher copay 's and deductibles and more out of pocket . The reduced funding means fewer Medicare Advantage plans from fewer carriers . When you can find a plan expect it to cost more .


Input: How Is Medicare Advantage Affected By Obamacare?

Output: President Obama has said many times that he wants to end or reduce Medicare Advantage . He does not believe that for profit insurance companies should be competing with original Medicare with taxpayer money . Part of the funding for the Affordable Care Act -LRB- aka : Obamacare -RRB- is coming from cuts to the funding for Medicare Part C -LRB- Medicare Advantage . -RRB- It is expected that these cuts will increase premiums and reduce benefits for the people on Medicare Advantage and cause many of them to move back to original Medicare . Only time will tell .


Input: How Is Medicare Advantage Affected By Obamacare?

Output: Medicare Advantage plans are similar to Medicare except that actual insurance companies operate the Advantage contracts . The insurers are then paid -LRB- per insured -RRB- by the federal government . Obamacare is cutting approximately $ 200 billion from these types of plans and much of the reductions will take place in 2014 . But recently , more cuts were announced and these will certainly impact many Seniors who may have to pay higher rates or possibly lose coverage . The most recent changes involve lowering the reimbursement rates that insurers receive from the government .


Input: How Is Medicare Advantage Affected By Obamacare?

Output: The Affordable Care Act -LRB- commonly called Obamacare -RRB- has made a goal to gradually reduce the subsidies given by the federal government to Medicare Advantage plans to bring them in line with traditional Medicare . They froze the carrier subsidy levels in 2010 levels and in 2011 determined that Medicare Advantage plans can not charge more for Original Medicare for some services . Whether the ultimate goal of this subsidy reduction and its ultimate impact remains to be seen , so far , the impact upon Medicare Advantage plan premiums have been minimal .


Input: What Is Trade Car Insurance?

Output: Trade car insurance is also known as temporary trade-in car insurance . This is a type of auto policy that is designed to provide short-term coverage when you are between vehicles . However , rather than thinking of it as a separate type of auto policy , think of it as a regular policy with a shorter life , much like a short term or temporary health insurance policy that only covers you for a brief , predetermined number of days . Depending on the state you reside in , and how vehicle registrations are handled in your state , trade car insurance may not even be necessary or available .


Input: Does Renters Insurance Work?

Output: Renters insurance can be very beneficial . As far as `` Does it work '' the answer is yes . to give you an example we had an insured with 5 small children and they lived in an home they were renting they lost everything clothes toys and everything they owned . Not only did they get 40 thousand dollars to replace the belonging but they also had 3,000 to cover the expense to stay in a motel given back to them all for $ 100 a year for the insurance . Yes renters Insurance works


Input: Who Is Covered By Health Insurance?

Output: That 's a great question ! The answer is that because of the Affordable Care Act -LRB- Obamacare -RRB- everyone is now eligible to obtain health insurance coverage . Before the passing of the Act , insurers had the right to deny you coverage if you had an illness before applying for their policy . Calling it a `` pre-existing condition '' , one that you already had , they were n't obligated to assume responsibility for paying for it , and would deny you . That practice was outlawed under the ACA.Each person who wants health insurance that is unable to get it through an employer can now go to the WEBSITELINK website , and find a plan for them . There is an enrollment period each year in the fall when you can shop for and purchase your policy . If you need help , please feel free to contact me , okay ? Thanks for asking !


Input: Who Is Covered By Health Insurance?

Output: The benefits under each individual health plan varies by company and metal level -LRB- bronze , silver , gold , and platinum - there 's also a catastrophic plan available to individuals under age 30 -RRB- . However , every plan has a set of 10 essential health benefits that they must meet , but carriers have the option to offer coverage above and beyond the essential benefits -LRB- the metal level is the big indicator on that -RRB- . The essential health benefits that every plan must meet are : 1 -RRB- Ambulatory Patient Services Health care services without being admitted to a hospital -LRB- e.g. visiting a doctors office or a clinic , home health services , and hospice care some plans may limit home health and hospice care benefits to no more than 45 days -RRB- . 2 -RRB- Emergency Services Care of conditions requiring immediate treatment -LRB- typically at an emergency room -RRB- , including ambulance transportation . You also cant be penalized for going to an out-of-network hospital . 3 -RRB- Hospitalization Care provided during a hospital visit , including services provided by doctors , nurses , and other hospital staff , medical tests , medications given during your stay , as well as room and board . Care received in a skilled nursing facility is also included in hospitalization coverage -LRB- note : some plans limit skilled nursing facility benefits to no more than 45 days -RRB- . 4 -RRB- Laboratory Services Tests a doctor completes to help diagnose an injury , illness , or other medical condition , or to monitor the progress of a treatment . Some preventative screenings may be fully covered . 5 -RRB- Maternity and Newborn Care Care women receive during pregnancy , including prenatal care , in labor , delivery and post-delivery , and care for newborn babies . 6 -RRB- Mental Health Services and Addiction Treatment Inpatient and Outpatient care that evaluates , diagnoses , and treats mental health conditions and substance abuse disorders -LRB- some plans may limit coverage to 20 days per year -RRB- 7 -RRB- Rehabilitative Services & Devices Rehabilitative and habilitative services and devices to help regain mental and physical skills that were lost due to injury , disability , or a chronic condition . Each plan has to provide 30 visits per year for physical or occupational therapy , speech therapy , cardiac or pulmonary rehabilitation , and chiropractor visits . 8 -RRB- Pediatric Services Care provided to children , including vaccines and immunizations . For children under the age of 19 , dental and vision care must be offered this includes two routine dental exams , an eye exam and corrective lenses each year . 9 -RRB- Prescription Drugs Medications prescribed by a doctor to treat a medical condition or illness . At least one prescription drug must be covered in each category and classification . 10 -RRB- Preventive and Wellness Services and Chronic Disease Treatment care includes physicals , immunizations , and certain types of screenings designed to prevent or detect certain medical conditions as well as care for chronic conditions such as diabetes and asthma . Please let me know if I can be of further assistance . Thanks very much .


Input: How To Get Health Insurance Under Obamacare?

Output: Obamacare health insurance is available through `` Open Enrollments . '' You can compare rates and apply online through one of our websites or , if you dare , the . gov website . No medical questions are asked and the new Obamacare federal subsidy could actually pay most or all of your premium -LRB- if you qualify -RRB- . There are four `` Metal '' plans and an additional `` catastrophic '' category for younger persons .


Input: Does Owning A Trampoline Affect Homeowners Insurance?

Output: For most insurance companies , presence of a trampoline is a cause for the company to decline the home . If a trampoline is detected on the property after the policy is issued , the policy will likely not be renewed .


Input: Does Owning A Trampoline Affect Homeowners Insurance?

Output: Great question ! The best thing to do would be to check with your agent first , and ask . There are many injuries every year from trampoline accidents , so there is an increased risk . Typically increased risk = increased cost . I can assure you that should someone be injured on your property , on your trampoline , and they file a claim against you for the hospital expense , your trampoline will end up costing you plenty . If you have more questions , please contact me , I 'm happy to help . Thanks for asking !


Input: Is Hazard Insurance The Same As Homeowners Insurance?

Output: Yes hazard insurance is the same as homeowners insurance . It 's just different terms used by different people . So your lender may say homeowners insurance or hazard insurance or fire insurance and your talking about the same thing . This term may also be used by title companies as well . Usually it more of a location verbiage . Peoples in different areas just use different terms for the same thing .


Input: What Does Copay Mean In Health Insurance?

Output: A copay is a set amount of the bill you are responsible for . For example , if your policy has a $ 20 copay for doctors visit , and your doctor charges $ 100 per visit , your company pays $ 80 and you pay $ 20 . If your doctor charges $ 150 , you still only pay $ 20 Coinsurance is a percentage of the bill you may be responsible for . If you have a plan with 80/20 coinsurance and you have a $ 10,000 hospital bill , you will be responsible for $ 2000 -LRB- 20 % -RRB- and your company pays the balance


Input: What Does Coverage Length Mean In A Life Insurance Policy?

Output: The coverage length on a life insurance policy has a bit of a different meaning based on the type of policy . On term life policies the length of coverage refers to the time period that the premiums are level and guaranteed not to increase . For example a 20 year level term 's coverage length is 20 years at a set premium . After the 20 years , the premiums will increase exponentially . The coverage length on a cash value policy is the time period when the policy endows . For example the cash value meets the face amount at a predetermined age the policy endows . The endowment will change if any loans are ever taken against the policy .


Input: What Does Coverage Length Mean In A Life Insurance Policy?

Output: Coverage length means the length of time that your life insurance policy will stay in effect . Usually , the coverage length is referring to how long the policy will stay in effect at a level premium -LRB- level meaning the premium is guaranteed not to go up -RRB- . The coverage length assumes that payments are made on time and if a policy loan is taken , that it is repaid per policy guidelines .


Input: What Are Some Cheap Health Insurance?

Output: The premiums paid for health insurance like any other insurance is relative to the perception of value to the consumer . Most people do n't like to carry health insurance and consider any premium to be high at least until they use it and then this perception will either be confirmed or denied . Under the new ACA plans for those who did not qualify for a subsidy find that their premiums are much higher than what they are used to and even with a much higher deductible . There are some more affordable plans out there for those who have experienced the higher premiums . However , these plans do not qualify in the ACA rules so are subject to a tax penalty but , the savings in premium dollars could more than offset the higher ACA premium . For more information on this plan please contact . Ron Hinch , The Hinch Financial Group @ 843-450-9879 .


Input: Can Life Insurance Companies Refuse To Pay?

Output: It is conceivable that a life insurance policy was issued under false pretense that may be construed as fraud . Any misstatements , misrepresentations or material omissions can constitute fraud and create the basis for claim denial . In addition , claims will be denied if suicide occurs in the first two years of the contestibility period .


Input: Can Life Insurance Companies Refuse To Pay?

Output: Yes , life insurance companies can refuse to pay the full death benefit if the insured person committed suicide during the first two years of the policy , or if the insured person withheld known medical information at the time of application that resulted in death during the first two years of the policy . In those cases , they would most likely return the premiums paid .


Input: What Is The Best Health Insurance For Young Adults?

Output: The best health insurance for young persons is a policy that covers their conditions -LRB- if any -RRB- at the lowest available price . Often , that is either a `` catastrophic '' or `` Bronze '' plan . However , the `` Silver '' and `` Gold '' plans may be better options if there are expensive medications or ongoing procedures . Getting unbiased and professional help will save you hours of research and money ! There are specific plans set up for college students and persons under age 26 . LIVE answer provided by : Ed Harris - Premier health insurance broker for 33 years and owner of several top-rated websites that offer the lowest available rates for young adults .


Input: What Is The Best Health Insurance For Young Adults?

Output: The best kind of health insurance is the kind that is best for you . There 's a difference between the most comprehensive coverage and what is most suitable -LRB- or `` best '' -RRB- for you . Two questions that are helpful in pointing you in the right direction to find the plan type that 's best for you are : 1 -RRB- do you want the most comprehensive coverage you can get or are you willing to take on a larger share of the risk/costs to keep your premiums down ? 2 -RRB- what is your budget ? maximum dollar you 're willing to spend ? Under the Affordable Care Act , there are four main benefit levels - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may also want to see if group coverage is available through your employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or youremploymentwas terminated , you lose the coverage . Anindividual plan will stay with you wherever you go . It 's always helpful to consult with an experienced broker regarding your coverage . We have in-depth knowledge of products from multiple carriers and work on a personal level with our clients and help them find the coverage that will best serve their needs . 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 Soon Does Life Insurance Payout?

Output: From my experience most life insurance policies pay the proceeds within a couple of days once they are in receipt of a certified copy of the death certificate . There are always exceptions to this rule , especially if circumstances surrounding the death are suspicious or they die within the 2 year contestibility period .


Input: How Soon Does Life Insurance Payout?

Output: Great question ! Insurance companies are required to make quick payments after the claim is filed . That said , they will need the claim filled out and sent in by you , and the death certificate received also , so it is best to get those in as quickly as possible . If there is a question about the circumstances or cause of death , the company may require more time as the death is investigated . In most cases , you will see the funds from a normal death within a couple of weeks . Thanks for asking !


Input: How Soon Does Life Insurance Payout?

Output: Life insurance proceeds can vary from insurance company to insurance company , but usually from a few days to a few weeks . The important thing is to fill out the proper paperwork and have a certified copy of the death certificate . Once the claims department of the life insurance company has all the forms and supporting documents the claim should be processed in a timely manner .


Input: What Is Guaranteed Cash Value For Life Insurance?

Output: The guaranteed cash value in a life insurance policy is a byproduct of levelized premium . The risk of dying increases as you get older and when you pay a level premium the insurance company sets aside some of the premium to offset the risk as you get older . The guaranteed cash value is this reserve . If you have further questions please do not hesitate to contact me .


Input: Can Auto Insurance Companies Raise Rates?

Output: Each renewal of your auto insurance insurance policy your carrier if they wish may raise your auto insurance premium . A notice of the increase in rates is typically sent at least thirty days before the policy comes up for renewal . Almost all auto insurance policies are active for a six month or one year term .


Input: How To Change Home Insurance?

Output: To change your coverages for your homeowners insurance contact your local agent or your insurance carrier to discuss your coverage concerns . If you are looking to change carriers , contact local agents in your area to find out about coverage availability and pricing within your geographic location this service is provide at no cost typically .


Input: What Is Social Security Disability Insurance Program?

Output: Social Security defines a disability as expected to last at least one year or to result in death and prevents one from doing any substantial , gainful work . Through our Social Security system here in the United States , benefits are available for workers -LRB- and their families -RRB- who have earned enough work credits to be eligible for Social Security disability benefits . What that means is that the individual must have a proven work record of credits in order to qualify for disability benefits under Social Security , and they must have paid into the system in order to obtain a benefit from it . -LRB- For young workers , the criteria are a little different because of their limited time in the employment market . -RRB-


Input: Will My Health Insurance Cover Breast Augmentation?

Output: Breast augmentation is generally considered a cosmetic procdure and not a medically necessary procedure , therefore , it is usually not covered . Breast reduction can be considered medically necessary and covered by health insurance if the breasts are causing back and neck issues . If it is considered medically necessary the surgery is covered once a woman is 18 years old and an adult .


Input: Do I Need Renters Insurance In Massachusetts?

Output: Massachusetts does not require you to obtain `` Renters '' insurance as it does auto insurance but your landlord or just good judgment may suggest this coverage be considered . Renters or Tenant/homeowners coverage provides coverage in three principal areas ; Damage to your personal property -LRB- clothing , furniture and/or household items -RRB- , Additional expenses to live in temporary quarters should your apartment or building be damaged or destroyed by a fire , wind or other covered cause , Personal liability coverage should certain acts cause injury or damage to someone , possibly your neighbors or even the building you occupy . Anyone responsible for maintaining a household should at least consider securing this type of coverage . It beats digging into your savings after a storm or fire or waiting for the Red Cross to give you a shirt , a bed and a hot meal . The cost for a basic policy would be in the $ 150-200 per year range . It certainly would be considered as important as maintaining comprehensive and collision insurance on a used car . In fact , simply increasing your deductibles on your car insurance may reduce your premiums enough to permit you to secure a basic policy .


Input: Is Government Health Insurance Cheap?

Output: What do you mean by government health insurance ? If you are asking about a government health insurance plan such as Medicaid then I guess you could say it 's cheap as that is a program for the poor for which they do n't really pay anything . If you are asking about health insurance for Federal government employees they have many health insurance plan options at different price points to choose from . I do n't think many government employees think their health insurance is cheap even though their coverage is largely paid for by the government . Certainly in comparison to most of their peers in private sector companies these days most government employees pay less for their health insurance coverage .


Input: What Are The Different Kinds Of Life Insurance?

Output: There are two types of life insurance coverage : term life insurance and permanent life insurance . Term life insurance is generally offered in five year increments like 5 , 10 , 15 , 20 , 25 and 30 years . Permanent life insurance has four versions : participating whole life insurance , current assumption universal life insurance , indexed life insurance and variable universal life insurance .