Input: Can I Take Out Life Insurance On My Spouse?

Output: Can you take out an insurance policy on my spouse ? Yes , you can , the issue would be how much in coverage you 're applying for and if consent is needed . There are some group life situations or credit group life situations where a small death benefit can be signed up for without your spouses knowledge . Usually something like a $ 1,000 to $ 15,000 in face amount . A larger amount purchased on an individual basis does require spousal consent to be covered .


Input: What Do Health Insurance Agents Make?

Output: Health insurance agents make anywhere from $ 0 to $ 1 million dollars per year . Yes , that is a big range . Agents -LRB- brokers -RRB- that have been in business for quite a while and that have built up their clientele will of course make the most money . Of course , they will often be paying many employees for their help and they provide service to thousands of clients .


Input: What Is The Purpose Of A Life Insurance Policy?

Output: A life insurance policy creates an immediate estate upon your death . Whether it is to replace lost income , pay off a mortgage , pay debt or other financial reasons , life insurance has many purposes . An experienced full-time broker or financial planner -LRB- not part-timers , radio-tv or unrelated worker -RRB- is your best resource to help you determine which type of policy to buy and where to purchase it .


Input: Does Homeowners Insurance Cover Earthquakes?

Output: It can provided that you have talked to your Insurance Professional and have had the coverage endorsed onto your policy . In most standard policies , damage caused by earth movement , earthquake in your example or sink holes as another , is excluded . However , in many if not most cases this coverage can be included by endorsement .


Input: Does Homeowners Insurance Cover Earthquakes?

Output: Most if not all standard Homeowners Insurance policies list a couple of pretty common exclusions in the language of the contract . Earth movement is one of these common exclusions . That certainly included earthquake damage but also includes sink holes , any form of erosion etc. . This coverage can usually be endorsed onto your Homeowners ' contract however . The other common exclusion is Flood . Unlike earth movement , flood coverage can never be endorsed on a homeowners policy . The coverage is only available by the purchase of a separate Flood Insurance policy .


Input: Does Homeowners Insurance Cover Earthquakes?

Output: Earth movement is usually excluded in a homeowners policy . In California insurance companies are required to periodically offer homeowners earthquake coverage . This is generally written as an additional coverage or placed with specialty insurance companies . In some instances the cost for the coverage is greater than the standard homeowners policy .


Input: How Do Lifetime Annuities Work?

Output: The combination of mortality credits and the interest rate yield create a compelling reason to investigate lifetime income you cant outlive . Generally speaking , annuities offer payout options to their policy owners . Some elect to take out withdrawals other predetermined schedules like ten years or twenty years certain . But a popular payout option in a non-qualified annuity is annuitization for the life of the annuitant based on his or her age . This is also the exclusion ratio where basis is amortized to life expectancy as part of the initial payouts .


Input: Does Homeowners Insurance Cover Driveways?

Output: Your homeowners insurance policy covers damages that are caused by specific perils . While it is possible that damage to a driveway could be caused by fire or another of the covered perils , I doubt that is the point of this question . Mostdriveway difficulties arise from earth movement and that is an excluded peril in most policies .


Input: Does Homeowners Insurance Cover Driveways?

Output: If the driveway is bulging , cracking or just plain going bad for various reasons homeowners insurance does not cover this type of damage . It is possible to have the driveway covered if damage was caused from a major fire which could of lead to thedamageof the driveway which would fall under other structure coverage . Consult your agent on the specific details of your potential loss or inquiry as your agent would be familar with the exact details andcoverage ` sof your policy


Input: Why Purchase Disability Insurance?

Output: Why purchase Disability Insurance ? To replace part of your income in case you become disabled . Not everyone has the income or need to purchase Disability Insurance . You may be getting it from your employer already . Or perhaps your wages and assets are low enough that you would be better off going on Social Security or SSI if you suffered a permanent disability . For most workers , however , having Disability Insurance is a necessity as most families can not get along without one income .


Input: Is A Whole Life Insurance Policy A Good Investment?

Output: No form of life insurance should be considered an investment . The purpose of the product is to provide a survivor benefit at the lowest possible cost . It happens to do that extremely well . The cash value is an added benefit . It can be made available in a very short time and at a very low cost . But the removal of this cash can impact the amount of the survivor benefit . People need to understand that before they start taking money out of their policy . If the policyholder does know how to manage the policy , then a cash value policy can be a very attractive source of retirement money , college funding , emergency funds , and so on . Whole life would have an advantage over other cash value policies in that it provides extremely strong guarantees .


Input: Is A Whole Life Insurance Policy A Good Investment?

Output: Whole Life insurance is not an investment , it is a way to provide an immediate estate and a systematic way to save money in a very tax favorable way . Whole life provides a sound foundation for a good investment portfolio . The amount of the Whole Life would depend on your personal goals and financial situation . While buy term and invest the difference is a great idea , the reality is that most people who buy term never follow through on investing the difference . Life happens , emergencies come up and the money that was to be invested gets used for other things . This is fact based on statistics . If you want to invest , invest . If you want insurance that will be there when you will need it most , buy Whole Life insurance . Never put all your eggs in one basket . A base of Whole Life with added term insurance for your life insurance needs and sound investments to top off the portfolio is a safe sound way to accumulate cash for retirement and providing for final expense and a legacy for your family


Input: How Much Does It Cost To Buy Health Insurance For A Family?

Output: Health insurance rates are determined by age , gender , zip code , plan design , your overall health and other factors . Older people usually pay more than younger ones . Healthier people pay less than those who have medical conditions . Plan design also weighs heavily on the rate . Plans with low deductibles -LRB- less than $ 2000 -RRB- and copay 's are more expensive than a high deductible plan that lacks copay 's . A family of 6 will pay more than a family of 2 .


Input: Does Home Insurance Include Fire Insurance?

Output: Homeowners insurance is Fire Insurance and more . Homeowners Insurance covers a variety of perils . Many will cover any peril that is not specifically excluded in your policy . Most common perils covered are Fire , Hail , Wind , Lightening , Vandalism , and Theft . Your Homeowners Insurance also protects you for Liability if someone is hurt on your property and you are engaged in a Lawsuit .


Input: Does Homeowners Insurance Cover Mudslides?

Output: Typically , mud-related claims are not covered on homeowner 's insurance policies , even though they cause more than $ 1 billion in losses each year . However , you can purchase Flood Insurance , which may cover mudflow damage -LRB- which is different than mudslide damage -RRB- . Your contents would also be covered . Some states will allow an `` earth movement '' rider which may cover a mudslide . It 's always best to check with an experienced broker that can quickly discuss your best options by reviewing multiple carriers in your area .


Input: Does Home Insurance Cover Earthquakes?

Output: Earth movement is an excluded peril in most homeowners policies . Some insurance companies will provide earthquake insurance as an option . The companies are required by state law in some states to provide a quote and access to earthquake insurance . The premium for earthquake insurance in a known fault area can equal the premium for the homeowners policy .


Input: Does Home Insurance Cover Earthquakes?

Output: Homeowners Insurance does not cover earthquakes . This type of risk is specifically excluded . A homeowner would be required to purchase an additional earthquake policy to cover this type of risk . Depending on where you live the rates can be low to very high -LRB- and what is high -RRB- if you live in a high risk earthquake zone . The average deductible is 15 % of coverage so no small chunk of change . I am in California which is earthquake territory and believe all homeowners should carry earthquake coverage who are in high hazard zones . Average replacement for a home can range from 350k-1 million and so can your loan amount . While your deductible may be 80k -LRB- just an average -RRB- this is far less then the potential of a total loss which can run 500k . Keep in mind , your home does not have to fall to the ground . If the home even shifts of the foundation the chances are your looking at a total loss . In California all Insurance carriers are required by law to offer you earthquake coverage when you purchase a homeowners insurance policy and make the offer available again at renewal at least every two years afterward . A homeowner then has the option to accept or reject coverage . I often get allot of phone calls right after a shaker . The problem is in many cases moratoriums go up and earthquake coverage is not available for a couple of weeks so if your thinking about getting earthquake insurance , do n't think about it . Purchase the coverage and sleep better at night . And I recommend an automatic earthquake gas shut off valve be installed on your gas meter to help prevent gas leaking into your home and a sudden explosion .


Input: Why Do Smokers Pay More For Life Insurance?

Output: Smokers , and other forms of tobacco use , are detrimental to your health . It is not unusual for long term smokers to develop cancer of the lungs , mouth or throat . Many develop emphysema or COPD . Any of these conditions will shorten your lifespan . If the insurance carrier believes your tobacco habit will cause you to die sooner than `` normal '' they will charge a higher rate to compensate for the additional risk .


Input: Why Do Smokers Pay More For Life Insurance?

Output: Life insurance is a mortality insurance product . It bases its underwriting offer on life expectancy and prices it accordingly . Smoking shortens life expectancy and can be a contributing cause or indirect component to our respiratory disease or conditions . Because of these facts , actuarial pricing charges more for the risk the life insurance company takes on .


Input: What Does Surrender Value Mean On A Life Insurance Policy?

Output: Great question ! The surrender value is what the insurance company gives you in cash , if you `` surrender '' the policy to them . That dollar figure can be reduced by what is called a surrender charge , if done in the early years of policy ownership . Once you have surrendered the policy , you no longer have coverage . Some companies will allow partial surrenders , but in most cases , it may be more advantageous to take out a loan against the policy -LRB- and keep the coverage -RRB- instead . If you would like help , please feel free to contact me , I 'm happy to be of assistance . Thanks for asking !


Input: What Does Surrender Value Mean On A Life Insurance Policy?

Output: Surrender value is a feature of a cash value life insurance policy . These policies are normally called whole life although limited pay life policies have this feature . In order to provide a level death benefit for a level premium , the company collects more than is required in the early years of the policy to pay for the years when the cost exceeds the premium . These amounts are placed into reserves . At any given time following the first few years of the policy the company is willing to exchange the reserves for a release from paying the death benefit . These amounts can normally be taken in a variety of ways . See your trusted life insurance agent for a personalized discussion .


Input: What Is An Open Access Health Insurance Plan?

Output: Specific carriers can use the term `` Open Access '' to mean specific things on their plans . For example , Aetna has a grouping of plans called `` Managed Choice Open Access '' . Generally , Open Access simply means that you can see a specialist without having to get a referral from a primary care doctor first .


Input: Why Is Car Insurance Expensive For Young Drivers?

Output: Insurance rates are based in large part on experience and driving record . In fact this is who the entire insurance industry operates . There is not questions anewlylicensedoperatorlacks the experience to make the rightdecisionsin certain situations . The insurance industriesexperienceand even my own as an agent show that newly licensed or youthful operator are involved in more accidents . This is why the rates are higher then a driver who has more successful years on the road .


Input: Why Is Car Insurance Expensive For Young Drivers?

Output: The short answer is that younger and more inexperienced drivers are far more likely to have an accident . Insurance carriers base their rates off of actuarial data using large sample sizes to determine the likelihood that certain factors -LRB- such as youthfulness -RRB- will lead to a claim . In the case of youthful and inexperienced drivers , they have found overwhelmingly that there is a much greater likelihood of a claim than with more experienced drivers .


Input: Why Is Car Insurance Expensive For Young Drivers?

Output: There are thousands of accidents each day across the nation . These accidents are analyzed in great deal to identify the causes and conditions that lead to accidents . The data is evaluated in close detail and in some states the insurance companies can charge by age and sex . Going to that pile of data , they can determine exactly what it costs to insure a large group of 19 year olds with two years of driving experience . In other states , California being one , you are only allowed to evaluate on driving experience , not age . The important thing is that the rate is based on actuarial data . It isnt that someone has an axe to grind against young drivers . Young drivers simply cost the company more to insure .


Input: How Do You Purchase Renters Insurance?

Output: I would suggest start by calling local agents in your area . When you find one that you are comfortable with , provide them with the information necessary to get you coverage details and pricing . Some of the information that the agent will need are : the year the building was built , the distance of the nearest responding fire department , the distance of the nearest fire hydrant , the total number of units in the building , whether or not the building is sprinklered or security protected , and amount of coverage you are seeking just to name some of the main items .


Input: What Is Medicare Part F For?

Output: Medicare has 4 parts . Medicare Part A is the hospital portion , Part B is for outpatient care . Medicare Part C is an Advantage plan and Part D is for outpatient prescription drugs . Perhaps you mean Medicare supplement plan F ? Supplement plan F covers 100 % of approved Medicare A and B charges .


Input: What Does Elimination Period Mean For Disability Insurance?

Output: The elimination period is chosen at the time of application for the DI policy and represents a kind of `` time deductible '' that must be fulfilled before a claim is paid . The clock starts ticking when the carrier is informed in writing by a medical professional that the insured person has suffered a debilitating accident , developed a medical condition , or contracted a serious illness that is likely to last longer than the elimination period chosen . Thefirst dayof fulfillment of the elimination period typically begins at the date-of-onset of the debilitating event , although that actual date-of-onset is subject to the decision of the insurance company after reviewing medical records . Claims , i.e. a check for the maximum monthly benefit for income replacement , would usually not arrive until 30 days after the completion of the elimination period . For example , say the injured or sick insured has a 90-day elimination period . The income replacement check would arrive 30 days later , or 120 days from the date-of-onset . In the meantime , the insured would be responsible for paying bills during that four month period . So , serious discussion needs to take place at application time about how long of an elimination period should be applied for understanding that reality . The insured shouldmake sure that a liquid asset account be available at all times for such expenses , and/or a short-term DI policy should be in place , and/or a sufficient amount of sick leave and vacation be saved up , or a combination of all those accommodations .


Input: What Does Elimination Period Mean For Disability Insurance?

Output: Elimination period for Disability Insurance is the amount of time that passes between the event of suffering a disabling injury or illness , and the time when benefits begin to be paid to the disabled person . The elimination period is chosen as a feature when taking out a Disability Insurance policy . The shorter the elimination period , the higher the premium usually runs .


Input: How Long Does Renters Insurance Take To Pay Out?

Output: Most claims are paid within a few hours to a few days with many carriers . There are many factors that will decide how long a claim takes to process . A few of those factors are : the amount of the claim , the type of claim , the availability of police reports or other supporting documents , just to name a few . If you feel a claim is taking longer than it should to be processed contact your local agent and express your concern so that they can help you gain some insight as to when the claim is expected to achieve completion .


Input: Will Homeowners Insurance Cover Cracked Foundation?

Output: Although the foundation is not a part of the computation upon which the replacement value of the home is established , it might be covered if there is direct physical loss by one of the named perils -LRB- in the all-risk policy it would be any peril other than those excluded . -RRB- It is very difficult to think of a circumstance where coverage would apply . The mere presence of a cracked foundation is insufficient .


Input: Will Medicare Pay As A Secondary?

Output: The only time I am aware that Medicare is secondary is when you are covered under and employer group health plan if there are more than 20 full time employees . I always advise people in that situation to take out the Part A of Medicare and delay getting both Part B and Part D until you retire or come off your employer 's group health plan . You do not need Part B or Part D as long as you are covered under an employer plan . The Part B premium this year for new people enrolling in Medicare is $ 121.80 and you do n't need Part B if you are covered by your employer since the employer coverage is primary . You can go ahead and enroll in Part A of Medicare because it is free .


Input: Will Medicare Pay As A Secondary?

Output: There are situations where Medicare is the designated secondary carrier . Most common is where you or your spouse is covered under an employer group health plan and the employer has 20 + full time employees . The group plan is primary , Medicare is secondary . That does not mean Medicare will pay anything towards the claim . The two plans coordinate .


Input: How To Compare Medicare Part D Plans?

Output: You can compare Medicare part D prescription drug plans on the Medicare.gov website under the `` Drug Coverage -LRB- Part D -RRB- '' tab and clicking on the `` find health & drug plans '' tool . An independent agent can also help compare plans and help you enroll for a prescription drug plan that 's right for you .


Input: How Much Does Renters Insurance Cost A Year?

Output: Renters Insurance costs vary depending on the location , type of dwelling and amount of property coverage . The cost of renters insurance will also vary depending on the insurance carrier you choose to go with . I know for my Farmers agency , renters insurance can be as little as $ 10 a month .


Input: How Much Does Renters Insurance Cost A Year?

Output: The pricing for renters insurance is based upon the limit for liability coverage that you desire and the amount of personal property that you want covered . Obviously , these vary with every customer . Recently I saw an ad on TV stating that their renters policies were $ 8 per monthor something like that . In my agency the average is about $ 10 but that doesnt mean that will be appropriate for you . Consult with an agent , the cost of suffering a loss and not having a policy is much greater than the premium .


Input: Can I Get Health Insurance With MS?

Output: You can get health insurance with MS. Multiple Sclerosis is a serious disease with many complications . However , under the new ACA legislation , you will not be denied coverage because of the condition . Finding the best policy for your situation is critical and that 's why , as an experienced broker , we can find the best plans for you . Consumers that visit our website -LRB- see my profile -RRB- can compare top-rated plans and also qualify for a federal subsidy during Open Enrollment . The combination of medications and other treatment for MS is very expensive . There are several available plans that will reduce copays and deductibles and make treatment much less expensive . But the best part is that you do n't have to answer questions during OPen Enrollment to obtain quality coverage .


Input: Where Are Variable Annuities Invested?

Output: A tax deferred variable annuity has tow basic accounts : an interest rate account and separate subaccounts using equity and bond investments . Both accounts credit gain after the policy expenses have been paid . But separate sub accounts can also have market losses that are debited from the accounts . Product suitability and risk tolerance are important factors in considering variable annuities .


Input: How Much Is VA Life Insurance?

Output: VA Life Insurance rates are posted here : WEBSITELINK The Veterans Administration offers Term Life Insurance that goes up in price every five years , according to the age of the Insured . This chart shows the rates for $ 10,000 to $ 400,000 of coverage at every age .


Input: Can I Renew Car Insurance Early?

Output: If you have received your billing for the upcoming policy period , you can immediately pay it . However , with the vast majority of carriers , there is no discount or reduction in your premium when you pay well in advance before the due date . Although you are probably earning a very low interest -LRB- if any -RRB- on your checking account or money market , why not leave the money in there as long as possible ?


Input: How Much Is Renters Liability Insurance?

Output: If you are referring to a commercial risk , such as a store or garage , then your commercial agent is the person to ask . If you are referring to a rental unit in which you live , then the answer is that liability insurance is a part of a tenants -LRB- renters -RRB- policy . The policy also contains property coverage for your personal property and that coverage is the main determinant of the premium . In my area these policies are available for $ 10-15 per month . Of course each policy is individually written and the price can vary a great deal .


Input: At What Age Does Life Insurance Go Up?

Output: There are some life insurance policies that go up when your age hits 5 years increments . After paying these increases a few times , you could find yourself unable to afford the premium at a time when you are most likely to need the coverage . Term life insurance usually -LRB- but not always -RRB- guarantees that the premium will stay up for a set number of years , then often jumps up in price drastically and goes up every year after that . Whole Life and Guaranteed Universal Life with a no lapse guarantee will not go up in price as long as premiums are paid in a timely manner and the policy is maintained properly . As you can see , it is very important to know the terms of each policy before you purchase it .


Input: At What Age Does Life Insurance Go Up?

Output: At what age does life insurance go up ? Prior to purchase life insurance costs , no matter the product rise every age change . In the younger ages the difference is a few dollars . Starting around age 50 , the slope for cost increase starts to rise sharply . In your 60 's and above waiting can add thousands onto the cost of your insurance . By purchasing a policy , you can either lock the cost in for the life of the policy -LRB- permanent -RRB- or for a block of time -LRB- term -RRB- .


Input: At What Age Does Life Insurance Go Up?

Output: It depends on your policy . Premiums on Whole Life never go up . A properly funded Universal Life will never go up . Term insurance will go up at the end of each term . One year term will go up each year , 10 year term every 10 years , 20 year term every 20 years and so forth , assuming that the term policy is renewable .


Input: Does Homeowners Insurance Cover Earth Movement?

Output: Probably not . It is always best to check with your Insurance Professional and discuss theterms and conditons of your policy , but for the most part , there are two pretty common specific exclusions that can be found in Homeowners ' policies . One is an exclusion for any damage to your home or property caused by earth movement and the other is for damage caused by flood . In many cases , you can have earth movement coverage endorsed onto your policy , but coverage for damage caused by flood is only available by purchasing a Flood Insurance policy .


Input: How Does Globe Life Insurance Work?

Output: Globe Life Insurance issues policies that often have very very low initial payments . Often , they are for children . Since the risk of death is low , they are able to issue these plans . A full-time broker is a great resource for comparing these types of plans and offering perhaps additional affordable alternatives .


Input: When Can I Use My Long Term Care Insurance?

Output: Once your long term care insurance is in effect , the definition of activities of daily living -LRB- ADL -RRB- provide the guidance for reviewing the policy provisions that trigger a claim . Some long term care insurance companies allow two out of six ADLs to initiate a legitimate claim and distribute the benefits of the policy .


Input: When Can I Use My Long Term Care Insurance?

Output: You can use your long term care insurance when you have qualify via LTC triggers . In qualified plans , you must be unable to perform two or more ADL 's without substantial or standby supervision , depending on the wording of the policy , or you must need substantial supervision due to a cognitive impairment . However , unlike unqualified plans , you must have evidence that you will need the care for at least 90 days , and you must use your benefits under the parameters of a written care plan prepared by a licensed professional . Non-qualified plans do not have the 90 day requirement , do not require substantial supervision for cognitive impairment , and add the ADL of ambulating to the list , thereby making it easier to qualify . Plans may also include the trigger of medical necessity , meaning that benefits can be collected if skilled nursing care is ordered by a physician . However , these plans do not have the tax advantages of qualified plans .


Input: How To Compare Home Insurance?

Output: The traditional way to compare home policies is to take the declarations page to another agent and ask for a comparison . You might want to do that with several agents . There are some websites that purport to compare coverages and prices . The issue isnt which company has the lowest premium but which policy provides the coverage that you require . If you paid less and the company failed to cover a loss you would have made quite a poor investment . It is better to know what coverages are available and get advice on which are appropriate . I live in an arid part of the USA . However , one of the largest floods in history took place right here . I might want flood insurance even if I am miles from a stream . This and other coverages might come to bear and evaluating the risk is what your agent can help you do . If you have a policy and in twenty years pay $ 200 more than some other company , if you have the right coverages because an agent went over the policy carefully with you , you are the winner , not the loser . Good coverage means a good nights sleep !


Input: How To Compare Home Insurance?

Output: Start by talking to your Insurance Professional . It is important not only to compare coverage offerings and policy extensions and limitations , but also the companies that are offering this protection . Proposals and suggested coverage should be based upon the result of a careful Reconstruction Analysis which will determine the amount of recommended coverage for your home .


Input: Will My Homeowners Insurance Cover Asbestos?

Output: A homeowners policy is designed to pay for damages to your home and personal property that arise from named perils . These perils include fire , wind , etc. . They do not include issues that have to do with maintenance of the structure . It is highly unlikely that your homeowners policy will pay for the removal of asbestos from the building .


Input: Is Medicare Pay As You Go?

Output: Medicare part A which covers medical expenses resulting from hospital services is financed by payroll taxes on workers in employment covered by OASDI -LRB- Old-Age , Survivors , And Disability Insurance -RRB- on a pay as you go basis . Medicare part B which covers partial reimbursement for the cost of physician services , diagnostic tests , ambulance services , prosthetic devices , physical therapy , medical equipment , and home health services is funded primarily through the premiums of those enrolled and is not `` pay as you go '' .


Input: Is Medicare Pay As You Go?

Output: Medicare is funded on a pay as you go system if that is what you mean . The government uses every bit of the Medicare payroll taxes they collect and then borrow more to pay their obligations . This is why Congress is trying to come up with ways to `` save '' Medicare .


Input: How Much Is Renters Insurance Through Geico?

Output: Geico itself does not generally issue renters insurance but rather brokers it through other insurance carriers . Still the price will depends on the value of the items you wish you cover , the location of the apartment or home rented , your heating source , and other risk assessment variables . Because of the degree of variability it is difficult to give a general answer to cost , but you can easily obtain this answer by contacting Geico 's customer service for a quote .


Input: What Does A Home Insurance Policy Cover?

Output: A homeowner 's insurance policy actually covers many items . Your dwelling -LRB- Coverage A -RRB- is perhaps the most important item that is insured . Unattached structures along with the personal property inside the home are covered on a standard home policy . The expenses you incur while living away from the home during a covered claim are also covered along with liability , medical payments to others . There may also be various riders , depending on the items and benefits that were important to you . As an experienced broker for more than three decades , it is our job to explain these benefits , and provide the lowest rates possible in your area , so you can compare the best options .


Input: What Should I Know About Long Term Care Insurance?

Output: You should know that Long Term Care Insurance can cover all levels of care : home health , assisted living , nursing home , and others . The main thing is that the triggers are met , then it will pay the benefit . The triggers include being unable to take care of one 's self in 2 or more of 6 ways , and/or mental impairment . Long Term Care Insurance offers many features that can be adjusted to get it to fit your budget . It is not taxed when collected . It allows more freedom to choose the care you want when you need it .


Input: What Should I Know About Long Term Care Insurance?

Output: Long term care insurance mitigates the cost of assisted living at home as well as nursing home confinement . With the odds ever increasing that you 'll need such services because we 're living longer , it 's an important part of retirement planning . You should consider long term care insurance while you 're healthy .


Input: What Does Medicare Voucher System Mean?

Output: There is much discussion about the proposed Medicare voucher system , and most of it is erroneous . The proposed system is no different from the current way of making Medicare available to beneficiaries . When you currently enroll in Medicare you have the option of following the traditional system of a government managed plan or you can enroll in a private system -LRB- Medicare Advantage -RRB- . If you choose the Advantage plan , dollars normally spent on your care through Medicare are paid to the insurance carrier issuing your coverage .


Input: When Can I Sign Up For Medigap Insurance?

Output: There is an `` open enrollment period '' during which you can buy any Medigap insurance policy -LRB- Plan F -RRB- sold in your state beginning the month in which you turn age 65 and you are enrolled in Medicare Part B . During this six month open enrollment period , you can buy any Medigap insurance offered , even if you have health problems , for the same price as people in good health . If you apply for Medigap coverage after your open enrollment period , there 's no guarantee that an insurance company will sell you a Medigap policy if you dont meet the medical underwriting requirements , unless you 're eligible because you have group health insurance through an employer or union . If this is your situation , the Medigap enrollment period begins when you sign-up for Part B . There are some situations if you are under 65 and are eligible for Medicare because of a disability you could be eligible for Medigap coverage . If you have End-Stage Renal Disease -LRB- ESRD -RRB- and are under 65 , some states require at least one type of Medigap policy to be offered to you .


Input: For The Sake Of Privacy, Can A Dependent Apply For A 2nd Health Insurance?

Output: You get the award for the interesting question of the day . I assume you are a dependent over age 18 to begin with but are still covered under your parents health insurance plan . If you have the financial ability to pay for your own health insurance then technically you can purchase your own coverage . However , a standard part of any insurance application is a section that asks you if you will have any other health insurance coverage in effect at the same time that you will have the policy you are applying for . This is so the insurance carrier you are applying with can coordinate their coverage with the other insurance plan you are covered under . A person can be double covered -LRB- increasingly rare these days -RRB- but you can not make a profit from being insured which would technically be feasible if you filed the same claim independently with each carrier and each insurance carrier was unaware of the other 's coverage of the claim . To notanswer this question honestlywould be toengage in fraud , which could result in claim denial and possible civil liability if the double coverage situation was uncovered . The odds are pretty good that as the claim went through the national data bases that the double coverage situation would be uncovered , it might take some time but it would probably eventually surface . Answering the question honestly , will result in your insurance carrier initiating a coordination of benefits process with your parents insurance carrier in the event of a claim . This would almost certainly result in them receiving some notification from their insurance carrier of this coordination of benefits activity and them becoming aware of the situation . While I understand everyone 's desire for privacy , as a parent myself , I would certainly want to be aware of any health care that my dependent children are receiving , especially when the parent to some extent or another is going to be paying part of the bill either as part of their basic premiums and quite likely as part of deductible and/or copay financial exposure . In essence hiding a separate insurance coverage and medical care from your parents will be very difficult to do and presents you with ethical issues you must be prepared to deal with . If you want total privacy from your parentsin these matters then you must be prepared to tell your parents you no longer want to be covered as a dependent and purchase your own coverage for which you are financially responsible .


Input: Is Money From Disability Insurance Taxable?

Output: This is one of the most popular questions that I get asked so here is my answer : If you paid all of the premiums with after-tax income , or if your employer made the contributions and included the amounts in your gross income , any disability insurance benefits paid to you are exempt from tax .


Input: Is Money From Disability Insurance Taxable?

Output: Disability insurance benefit proceeds can have two outcomes when inserting taxation or the lack thereof into the planning equation . You can insure up to 60 % of your compensation tax free with nondeductible premiums or insure up to 80 % of your compensation taxable with deductible premiums through a business benefit arrangement .


Input: How Much Would Insurance For A Motorcycle Cost?

Output: That really depends upon many things including your age , where you live , and what your driving record and credit history happens to be . Certainly another factor is the year make and size of your ride . If you have your home and car insured with the same company , deeper multi policy discounts may be available that can affect your bike insurance . I am 58 , live in CT and have my home , cars , life insurance and bike insurance with the same company . I ride a 2008 Suzuki Boulevard C50 , have full coverage and high liability limits and pay $ 220 for the year for my insurance .


Input: Is my LTD effected by husband receiving social security?

Output: I am not aware of any long term disability with Hartford or any other carrier that looks at household income . Your long term disability was underwritten on your income and when you met the criteria to draw benefits until you earn income , you should stay on benefit until your policy is complete .


Input: Can An Apartment Complex Make You Get Renters Insurance?

Output: Yes an apartment complex can require you to obtain renters insurance as a condition of renting their apartment . What apartments are concerned about is liability protection . Should the tenant be liable for bodily injury or property damage the apartment complex does not want to be the first in line to be sued for something the tenant caused . Instead the tenants renters insurance policy will defend against the loss first . The apartment complex will not care if you chose to carry coverage for your own personal property . Also on a side note if the tenant did not carry renters insurance and was sued for a loss , just because the apartment complex may have to defend does not give a free pass to the tenant . Your still going to court and it can cost you thousands . Renters insurance is very inexpensive and covers you for so much . Buy it .


Input: What Information Do I Need For Home Insurance Quote?

Output: Well first congratulations on the possible purchase of a home . First we would need the physical address , then the details about the home . The location determines the fire department and distance from fire hydrants , if there are any . The details about the home , things like what type of construction it is , log or frame , and quality are important for us to calculate the cost to replace or repair the home if there was a claim . Also insurance companies need a bit of property history about you . . this is where having renters or some sort of property insurance history is good .


Input: Is Investing In Annuities A Good Idea?

Output: An annuity is a unique contract . It provides for a lifetime guaranteed income . No other investment vehicle offers that feature . As a part of a retirement portfolio it is the vehicle that most likely will produce the most income per dollar saved . The problem with an annuity is that there isnt an adjustment for inflation and with the passing of time buying power can be eroded .


Input: Is Investing In Annuities A Good Idea?

Output: That is a great question ! Annuities , like any investment have benefits and risks that can make them a great investment for you , or prove to ultimately not be . They are a great way to defer money to the future and ensure payments during retirement , but they can also require that the money used to fund them be left untouched for many years . If there is a chance that you may need that money before that period ends , then an annuity might not be a good investment for you . A good advisor or agent will sit down with you , and do what is called a `` suitability '' statement with you , and from that , determine if an annuity is a safe way for you to go . I hope that helps , if you have more questions , please feel free to drop me a line . Thanks for asking !


Input: Is Investing In Annuities A Good Idea?

Output: An annuity is the only investment vehicle that can provide you with a guaranteed lifetime income . If that is your requirement , they are wonderful . Annuities have certain tax benefits that make them suitable investments for people in other situations . Generally , they are investment vehicles with a long term investment horizon .


Input: Is Investing In Annuities A Good Idea?

Output: It all depends on your risk tolerance and financial needs . Fixed annuities are well suited for a conservative retirement saver who wants guaranteed returns . Indexed Annuities are well suited for a conservative to semi-conservative retirement saver who wants guaranteed returns with the opportunity for a higher return than a fixed annuity . Variable Annuities are well suited for an investor who does not mind taking on the risk of loss . A person should carefully asses their risk tolerance and realistically how much loss they are willing to withstand before investing in a Variable Annuity . Annuities can be a great idea depending on your retirement savings needs .


Input: Is Investing In Annuities A Good Idea?

Output: Whether investing in annuities is a good idea or not is like any other investment , it depends on your individual situation , your objectives and risk tolerance . In Canada , deferred annuities are often referred to as Guaranteed Investment Annuities or GIA 's . They are similar to Guaranteed Investment Certificates or GIC 's , but since they are issued by insurance companies , GIA 's have additional features and benefits . In Canada , variable annuities are often referred to as Segregated Funds or Seg Funds . They are similar to mutual funds , but since they are issued by insurance companies have guarantees and features . The features and guarantees offered by GIA 's and Seg Funds are of special interest if you are self employed -LRB- at any age -RRB- , within 10 to 15 years of retirement OR already retired . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . More information available at www.ProtectandGrow.ca


Input: What Is The Most Affordable Health Insurance In Iowa?

Output: There are many affordable health insurance plans in Iowa , especially since federal subsidies will become available through the Iowa Health Exchange in 2014 . Open Enrollment begins in October of this year . `` Bronze '' plans will be the cheapest , since they have the highest out of pocket expense . If you qualify for the maximum subsidy , your premium may be much lower than you expected . As experienced brokers , we provide free online information and quotes that allow you to shop for the best health insurance prices in Iowa . Individual , family and business plans are available . Keep in mind that your age and place of residence will impact the price you pay . f you have any pre-existing conditions , the Exchange plans will provide coverage without asking medical-related questions .


Input: Is Car Insurance Required In Pennsylvania?

Output: It is 100 % Illeagel to drive an uninsured vehicle in the state of Pennsylvania . State minimums for car insurance are 15k/30k for Bodily Injury , 5k for Property Damage and 5k for Medical Payment . All other coverage and limits are optional . However I highly recommend Uninsured -LRB- UM -RRB- and Underinsured Motorist -LRB- UIM -RRB- coverage . This protects You if the person who hits you does n't have insurance or enough insurance to cover Your damages . Go to : WEBSITELINK for more information and some free quotes !


Input: What Does My Auto Insurance Score Mean?

Output: Many auto insurance companies utilize consumer credit information and specialized algorithms designed to predict the likelihood of future claims . An auto insurance score may use both consumer credit , demographic data , driving records , and past claims information to predict future claims . These scores are then used to determine what premium rate to charge . People expected to make fewer claims pay less , and those expected to make more claims pay a higher rate .


Input: What Does An Auto Insurance Deductible Mean?

Output: It is the portion of the damage that you are responsible to pay for in the event of a claim . A good example is if you have a $ 1000 deductible and have damages for $ 10,000 , you would receive $ 9000 as the $ 1000 deductible is what you are responsible for . Hope this helps you .


Input: Is Military Retired Pay A Qualified Retirement Plan?

Output: No , the retirement plan offered by the military is not qualified . Public sector pension plans are not covered by ERISA -LRB- Employee Retirement Income Security Act -RRB- , and in order for a retirement plan to be qualified , it must meet the regulations set forth by ERISA . Therefore , the military 's retirement plan offered through the federal government is nonqualified .


Input: Does Medicare Cover Dental Implants?

Output: No . Routine dental services and procedures are not covered by Medicare . Medicare only pays for dental services that are conducted in a hospital - this is covered under Part A -LRB- hospital insurance -RRB- . You should purchase an individual dental insurance policy to secure benefits that cover dental care services / procedures .


Input: What Companies Offer Hybrid Annuities?

Output: Many companies are offer hybrid annuities or annuities with morbidity riders like long term care , critical illness , catastrophic illness , terminal illness , etc. . But one of the leading annuity distributors in One America , popular for their long term care rider on the fixed interest rate annuity that accepts 1035 exchanges from other annuities .


Input: What If I Start Smoking After Life Insurance?

Output: Nothing will happen if you start smoking after getting a life insurance policy . As long as you were forthcoming about smoking on your life insurance application , your policy will stay intact . If you ever allow the policy to lapse , you will need to get a new policy at smoker rates ; it would not be reinstated at nonsmoker rates . But if you convert it to permanent someday , that will also be at nonsmoker rates .


Input: What If I Start Smoking After Life Insurance?

Output: Other than the harmful effects it might have on your body and the decreased longevity , nothing will happen . Your life insurance policy is based on declarations that you made on a certain date . When things change after the issue date of the policy , the terms and conditions of the policy can not be altered . The same would be true of hazardous hobbies or occupations .


Input: How Does Social Security Fit Into My Retirement Plan?

Output: Social Security is a critical component in your retirement plan . The provisional income test for Social Security benefit taxation includes qualified plan distributions and income from other sources . Retirement planning is an art . Cash flow after tax is the monthly name of the game for seniors . If you can you should work until age 70 , delay taking your Social Security until age 70 and your required minimum distributions until 70 .


Input: What Are The Coverage Characteristics Of Life Insurance?

Output: The coverage characteristics of life insurance are relatively simple . Life insurance is meant to replace the income , the debt or the financial need of a business partner , spouse or loved one that would be in need in case of your death . A person dependent upon your income can be compensated , such as a child or spouse . An institution can have a debt repaid , such as a bank , mortgage company or credit union . A business that would suffer financially from the death of a partner or key employee . Life insurance is the most affordable way to cover these financial losses due to an unexpected or sudden death . We all die someday , do n't leave a big financial mess behind for those that depend on you .


Input: What Are The Coverage Characteristics Of Life Insurance?

Output: All life insurance falls into one of two categories of coverage . Each category has certain characteristics that make it more suitable for certain needs . Term life insurance is for temporary protection needs . If the insured dies during the term period , the insurer pays a death benefit . If the insured survives the coverage period , coverage ends . Permanent or cash value life insurance is for permanent protection needs lasting one 's lifetime . It provides coverage for life and , provided the premiums are paid and the policy does not lapse , a death benefit will always be paid . Cash values build over time and can be withdrawn or borrowed if needed . Term usually expires before you do while permanent is designed to last for your lifetime .


Input: Why Would You Be Turned Down For Life Insurance?

Output: It really depends on the company , but there are a number of parameters that can prevent a person from qualifying for life insurance . There are a number of insurers for example that will insure people up the the age of 90 ... not very many , but there are a few . Most will not insure people over the age of 80 no matter how good their health is . The mortality tables just place them at the high end of risk for death and therefore not a good investment for the insurance company . Most health conditions are not complete blocks to getting insurance , but may well be rated and therefore require a higher premium . Most insurers will not insure a convicted felon until they have fulfilled their parole requirements . Even then some companies will not take the risk . If a person 's occupation and or avocation is considered too high a risk , that may cause some insurance companies to decline issuing a policy .


Input: Why Would You Be Turned Down For Life Insurance?

Output: There are a variety of reasons why an applicant can be turned down . The leading cause of declination is poor health . Another reason for declination could be substance abuse and/or addiction to drugs or alcohol . Your motor vehicle driving record could contain multiple traffic violations , even DUI . What could be a hobby for some , will be too great a risk for the life insurance company like cliff diving or deep sea scuba . Underwriting may deem that the life insurance cant be justified on the basis of the proposed beneficiary or that the amount of coverage is not warranted . These are just a few of the possible scenarios that could cause your application for life insurance to be turned down .


Input: Why Would You Be Turned Down For Life Insurance?

Output: There is actually a whole list of why a person can be turned down for life insurance . Life insurance is a risk based product . Meaning an insurance company is willing to `` bet '' on your mortality and they are very good at it . They will promise you a rate for a given time period they are willing to accept in exchange for a large lump sum face amount paid to your beneficiary . Because of this risk their underwriters will look at very aspect of your life starting withage , build , occupation , life style , health status , geography , drug use and nicotine use to determine this risk . If any one of the aspects is outside of their risk tolerance then the person is declined for life insurance .


Input: What Is Fixed In A Fixed Annuity?

Output: The word fixed has to do with the rate of return . The insurance company exchanges a fixed amount of money , paid either in one payment or in periodic payments and agrees to make regular fixed payments for the lifetime of the annuitant starting at a specific date or a date to be selected later . In this case the insurance company assumes the entire risk for both earnings and principal


Input: What Is Fixed In A Fixed Annuity?

Output: That is an excellent question ! Fixed annuities are the simplest of the three main types of annuities . They are generally the safest in terms of risk , because the fixed rate of return is clearly stated . A fixed annuity will have a guaranteed interest rate that is fixed for a period of years . The other annuities , indexed and variable , will have rates and returns that can change based upon the profit or loss in the marketplace . I hope that helps , thanks for asking !


Input: How To Shop For Cheap Car Insurance?

Output: `` Cheap auto insurance '' can mean acceptance of low liability limits , to keep the price down . The possible repercussions need to be considered seriously in any State . Think about the exposure you have when you drive , especially if and when you have an accident that is your fault . For example , you -LRB- or a family member -RRB- could have an at-fault accident that damages a very expensive vehicle or vehicles and also causes an injury to the other driver and maybe one or more of the passengers . If you have purchased low -LRB- cheap ? -RRB- limits of liability and you are sued , you could be facing the loss of personal assets , if a sizable judgement is assessed against you . Talk to several agents about this .


Input: Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver?

Output: It is really important to mention the state you live in to properly give you specific advice . However , if you are hit by a vehicle driven by a permissioned driver at the time of accident , they have loaned said driver the insurance they have on their current policy . This is an Industry Standard , unless they have an outdated policy that also still has ` excluded ' drivers , you may have an issue . It 's doubtful that this will happen . My opinion .


Input: Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver?

Output: I do n't know what state you are in , but I can answer this as respects Florida auto claims . The insurance is on the car and a temporary driver -LRB- who has permission to drive the car - meaning that it was n't stolen -RRB- would have coverage . In Florida the minimum liability for auto damage is 10,000 . If there was insurance on the vehicle that hit your son , that policy would cover at least 10,000 in property damage to your son 's car .


Input: Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver?

Output: A lot depends on the State you live in . Some States are `` No fault '' . In that case your insurance would pay . In most cases however , the driver of the other car woul be responsible . If that driver does not have insurance then the owner of the car would be responsible .


Input: Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver?

Output: In California the coverage applies to the automobile . Unless the automobile was being operated without the permission of the owner , coverage would be extended . Just to make things as clean as possible you should notify your agent or the claims department of your auto insurance company and have them process the claim for you . You might have to pay the deductible but once the case is successfully subrogated the deductible will be returned to you .


Input: Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver?

Output: In most cases with a standard issue auto policy here in CT , the coverage provided extends to named insureds and their resident family and anyone they designate to drive their car . It is always best to discuss the specific terms and conditions of your policy with your Insurance Professional to get a better understanding of coverage and limitations . However , it would seem that unless the driver of that car was using the vehicle with the permission of the vehicle owner , unless there was some other provision or limitation in that vehicle owners ' policy , there should be a reasonable expectation of coverage . If on the other hand , the driver was not using that car with the owners ' express permission , or if the driver was not licensed , there may be coverage limitations . There also may be conditions specific to your State where coverage may not apply .


Input: Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver?

Output: Last November , my wife faced the same situation . Her car was struck by another car . The other driver was 100 % at fault . The driver of the other car was not the owner of the car . The other insurance company paid 100 % of the damages . We got paid because we got a police report that identified the other car , the other driver , their responsibility AND THE OTHER INSURANCE COMPANY . Because we new who the other company was , we went directly to them and presented the claim . If you have an accident and it 's not your fault , get a police report and collect directly .


Input: Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver?

Output: It really depends on the State you are in . In California if someone loaned their car to a friend and the friend caused the accident the insurance policy covering the car that did the damage is responsible to pay the claim if they were at fault . However there may be exclusions on the policy that could deny coverage . Without really knowing more it 's difficult to say in your situation . If a claim is being denied I would ask specifically as to why it is being denied . You can fall back on your own insurance to cover the loss to your vehicle providing you have collision coverage .


Input: What Are Life Insurance Quotes?

Output: Life insurance quotes are an estimation of the premiums you would pay for a given life insurance coverage structure -LRB- face amount and term length -RRB- . However , a quote is only as good as the information it 's based on . So if you run a quote at the most preferred rates and have n't factored in your height/weight , medications used , medical conditions , family medical history , tobacco usage , driving history issues , participation in extreme/hazardous activities , and a number of other factors , then the quote figures you ran are pretty much useless as they do not represent an accurate picture for the proposed coverage . The risk classification is the MOST IMPORTANT part of any quote an insurance agent gives you because the risk classification determines the premiums for the coverage . The final risk class a carrier approves you at after underwriting your policy will tell you what premiums the carrier will require for the coverage to be active . Many individuals like to see quotes with the most preferred rates -LRB- preferred plus risk class -RRB- as they are the cheapest cost and then they end up thinking that 's what they should get -LRB- and if they do n't get it , then they will forget the entire process and not even bother securing any coverage at all -RRB- . What you apply for is not always what you get - not everyone qualifies for the best rates . For example , if you have a major medical condition -LRB- e.g. heart attack , diabetic , had cancer , etc. -RRB- and the quote that was ran was for a preferred plus risk class , you 're wasting your time applying for it because every carrier is going to offer a higher risk class -LRB- and therefore require higher premiums -RRB- for the coverage -LRB- or possibly decline or postpone you for coverage depending on the details of the medical history -RRB- . This is why it 's critical to work with an experienced , knowledgeable , independent life insurance broker who knows the right questions to ask and can shop the case among multiple companies so they can give you the most accurate quotes up front that represent a realistic expectation of what you can expect to pay for the desired life insurance program . An important note : You NEVER want to just apply to a bunch of companies to see what sticks as this actually works against you because it 's a red flag to insurance companies when they complete the MIB check during underwriting -LRB- Medical Information Bureau - every carrier checks this because if you were declined by other companies , they want to know why -RRB- . You want to have your best -LRB- and most accurate -RRB- estimate up front so you get it right the first time so you can get the best rates for your program . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: What Are Life Insurance Quotes?

Output: In the best of all situations , life insurance quotes are a comparison of many , if not all companies at a particular health rating , amount and length of term . The problem for the consumer in this situation is that the human factor is missing . Does one carrier have different underwriting , can the broker make a case for a better health rating ? Quotes in life insurance are only estimates because the carrier itself is the only entity that can make an offer . Find a good independent agent and let them be your advocate .


Input: What Are Life Insurance Quotes?

Output: Life insurance quotes are the rates that you are expected to pay based on your age , gender , tobacco status , and health details . Life insurance rates are the price you actually pay . If you are looking at simplified or guaranteed issue policies where there is just one set of rates , then your quote will be what you pay -LRB- if approved for the policy -RRB- . If you are looking at a policy that requires an exam , or that offers more than one set of rates , then the quote may not be what you actually pay . A good agent will go over your health details and do their best to match you with a policy that has the best price for your unique profile . The more you share and the more experienced your agent , the more likely that the rate you pay will match your quote . But you never know for sure until your policy is approved .


Input: What Are Life Insurance Quotes?

Output: That is a great question ! A life insurance quote is like the estimate that you would get before having repairs done on your home or on your car . The estimate gives you an idea of what the expected cost of the repairs will be , and the insurance quote does the same thing . It is the expected cost of your insurance . Both estimates can be on the mark , or different depending upon what the company finds when they start looking closely at the work . In the case of life insurance , that would be your medical history , the underwriting decisions , and the prescription history that you have . I hope that helps , thanks for asking !


Input: What Are Life Insurance Quotes?

Output: In simple terms , a life insurance quote is a proposal from a life insurance carrier to a prospective customer . The initial quote is generally based off of basic information about the person such as their age , sex , height & weight , tobacco use status and the amount of life insurance coverage they are seeking . For any meaningful level of life insurance the consumer should be aware that a proposal is only a proposal and not a firm offer of coverage . A life insurance quote is generally a contingent offer based upon best case assumptions . A life insurance application form will have to be completed in which the person applying for life insurance will have to answer medical questions and some lifestyle questions -LRB- do you skydive , etc. -RRB- . It is also likely that the applicant will have to take at least a basic medical exam where blood and urine samples will be taken . For high amounts of life insurance coverage a much more extensive physical exam may have to be taken before the applicant will be approved for coverage .


Input: How To Determine Amount Of Renters Insurance?

Output: This is perceptive question , and the answer may surprise you . You should choose liability coverage first and it should exceed your net worth . If you have stocks , property , autos and other assets take the most liability coverage available . The second part is no less complicted , insure the property you own inside the rented building to the amount it would take to replace it . To do that you need to think in terms of a fire , and filling out a claims form . What will it cost toreplace your couch , or bed with like quality pieces . You probably need a record of either what you paid for the item or at a minimum an image of the piece itself . When you have done that , total your pieces and you then have the amount of property insurance you should purchase . Please do n't forget though that a lawsuit could be much more expensive than a fire so chose your liability coverage carefully .


Input: What Is Recommended Car Insurance Coverage?

Output: That is a great question ! Depending upon where you live , your State will have a minimum required amount . In Texas , it is 30/60/25 - $ 30,000 max payout per person for an accident , $ 60,000 total paid per accident , and $ 25,000 max property damage paid . That said , we recommend that you have coverage equal or better than 100/300/100 . We have a very large number of very expensive foreign sports cars in Houston , and $ 25,000 does n't go far in repairing one , if you are unfortunate enough to hit one . I hope that helps ! Thanks for asking !


Input: Is Life Insurance Permitted In Islam?

Output: There are many who believe that due to its use of chance and interest , insurance is haram or sinful . Due to the spiritual nature of this question , it is one best answered by seeking the advise of an imam . The imam would best be able to guide you to the correct answer regarding Islam 's position on insurance .


Input: Where To Get Home Insurance Quote?

Output: That is a great question ! Many people will turn to the internet for quotes , but I do n't recommend it . The quotes are very often generic , and will often change considerably when all the appropriate information is given . Do a couple of things , and then contact an agent -LRB- or agents -RRB- and ask fir quotes . Check with friends and family , and ask about their insurance - the customer service , cost , and how happy they are with their coverage . Then catalogue your belongings , serial numbers , replacement costs , etc. so that you have an idea of what you will need for coverage . That should give you a little better accuracy with your quote . Good luck , and thanks for asking !


Input: Where To Get Home Insurance Quote?

Output: A trusted insurance agent is a valuable person to know . If you dont have an agent , get recommendations from your friends , colleagues and neighbors . A trusted agent will listen to you , provide sound financial advice , and communicate clearly with both you and the insurance company . Setting the limits of the policy is the most important step and this is where an agent can be of great assistance . If a claim isnt fully covered because limits were too low , you will be unhappy .


Input: Where To Get Home Insurance Quote?

Output: The best place to start is with your Insurance Professional . If you do n't have homeowners currently and this is a new purchase , ask about discounts that would be available for insuring your home with the same company that insures your cars . Your Realtor or Attorney would also be a great referral resource if you currently have no insurance or are moving to a new area .


Input: What Should Life Insurance Cost?

Output: Unfortunately , there 's too many factors that go into premium pricing to say what an average plan costs.The risk classification is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Keep in mind , every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- Also affecting the premium for a policy is your age , how much coverage you want/need , and how long you want to guarantee it for -LRB- term or permanent -RRB- . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an experienced life insurance broker to determine what coverage is appropriate/suitable for your needs and budget . Please feel free to contact me for help . Thanks very much .


Input: What Should Life Insurance Cost?

Output: There are too many factors that are taken into consideration to give a flat price on any life insurance contract . It depends on the age , tobacco usage , height , weight , medical history , family medical history , amount of coverage , company financial strength , strategy the insurance is being used for , etc. . To find out exactly how much it will cost you , meet with a local independent insurance agent or financial advisor and discuss your options .


Input: What Should Life Insurance Cost?

Output: Well , the cost of Life Insurance depends on the type of insurance you are looking at . Term is the least expensive life insurance available . Whole Life Insurance is generally the most expensive . The actual cost will depend on your age , the older you are , the higher cost of insurance . Your health and and the amount of coverage will also affect the cost of insurance .


Input: What Should Life Insurance Cost?

Output: That is a great question ! The way it is asked though , is kind of like , '' how much should a car cost ? '' That would depend upon the kind of car you want . The answer to your question depends upon the type of policy that you 'd like , the amount of coverage , and your health and age , for starters . Without more specifics , it would be difficult to give you an accurate answer . Generally , younger , healthier and non-smoking will cost more than older , unhealthy , and smoking . If you would like more specifics , please contact me , and I 'll happily give you a better idea . Thanks for asking !


Input: What Should Life Insurance Cost?

Output: That is a great question ! It is one of the most commonly asked , and most difficult to answer satisfactorily . There is n't a magical number or range that in good conscience I can give you . The reason for that is that the cost of your insurance is based upon a lot of factors for which I have no information . How old are you ? Are you male or female ? Do you smoke ? Whole life or term ? Coverage amount ? Those are just the beginning . If you 'd like a real idea , please contact me through the provided link , and I can give you a better answer . Thank you for asking !


Input: What Should Life Insurance Cost?

Output: My guess is that the answer to that question , `` What Should Life Insurance Cost ? '' will be different from every insurance agent you ask . Of course it depends on the type of life insurance and who the insured is , their gender , age , and health . It also depends on the face amount of the policy and if it 's a Term policy - how long is the term . The thing is that while the insurance industry is highly regulated and the insurance providers have to justify their costs in order to have their premiums approved , there is definitely a good deal of variance in what the different providers charge for similar coverage . You need to realize that the insurance company is taking all the risk , and that 100 % of all clients will eventually die and therefore a claim made on their policies . So what life insurance should cost is the amount needed to cover the insurer 's costs to provide the insurance plus enough profit for the company in order to insure that they will continue in business and be able to pay the benefit upon claim .


Input: What Should Life Insurance Cost?

Output: There is no set guideline for how much life insurance should cost . The age at which you buy the policy , and your health at the time of purchase , affect the cost dramatically . A person facing a probable long life ahead will pay far less than someone who can anticipate living only a few more years due to poor health and/or advanced age .


Input: What Is Symbol 10 In Auto Insurance?

Output: Symbols are used to designate various types of auto coverage on a business auto policy . They range from 1-9 and 19 for business auto , 21-31 for garage keepers coverage , 41-50 and 59 for truckers , and 61-71 and 79 for motor carriers . For example , symbol 1 refers to `` Any Auto '' and is the broadest designation , allowing the coverage for any automobile an insured my find the need to drive . Symbol 10 is one of the ` custom ' symbols , meaning the use of the vehicle has a meaning that has been modified from one of the standard symbol designations for that class of vehicles . In these cases , the auto in question does not fit 100 % into one of the standard symbol designations , so the insured and the insurer agree to a custom definition of use .


Input: Is Homeowners Insurance Paid Monthly Or Yearly?

Output: That all depends on if you have your homeowners insurance escrowed or not . If you have your homeowners insurance paid by your mortgage lender then your homeowners insurance premium will typically be paid annually . If you pay your homeowners insurance your self you can typically elect to pay it monthly or annually . Some carriers may even allow quarterly or semi-annually . Every company is different , please contact your local agent to find out how your carrier handles these types of transaction .


Input: What Age Is A Classic Car For Insurance?

Output: This answer will vary from one classic car insurance company to the next . But generally , classic cars need to be at least 25 years old with most companies . Of course , many classic car insurance companies also provide coverage for exotic cars , which do n't have age requirements . There are also some special models that companies will make exceptions for . So it 's important to shop around because companies vary quite a bit with classic cars as far as what they will/won ' t insure .


Input: Which Is More Expensive Car Or Motorcycle Insurance?

Output: Car insurance is usually more expensive than motorcycle insurance because the value of the vehicle is more . Also , there is likely to be more damage in an auto accident compared to a motorcycle accident . However , there are some very expensive motorcycles on the road that do cost more to insure than many cars . Of course , these cycles are very expensive bikes .


Input: Does Medicare Cover Emergency Room Visits?

Output: Yes . This actually falls under your Medicare Part B coverage . Medicare Part A is known as hospital insurance , but handles the inpatient hospital stays . Emergency Room visits are covered under Part B. Original Medicare -LRB- Parts A & B -RRB- cover about 80 % of the costs for medical care . Generally , you 're paying your Part B deductible and 20 % of the Medicare-approved amount for the services the doctor -LRB- s -RRB- provide . A Medicare supplement plan can cover these expenses .


Input: How Do You Cancel A Universal Life Insurance Policy?

Output: Universal Life Insurance , like any `` permanent '' insurance policy , needs to be cancelled through the carrier that it is written with . If you have an agent , you can contact him/her and ask for the SURRENDER forms . By requesting and submitting a completed form , the issuing company will refund your Cash Surrender Value at the time of the request and send them to you via check or EFT . Before cancelling ANY permanent policy , carefully consider your insurability , cash flow , and benefit need , as you may not be able to replace a terminated policy .


Input: How Do You Cancel A Universal Life Insurance Policy?

Output: Canceling existing life insurance is not a step to be taken lightly . If the beneficiaries no longer need the protection then cancelling the policy might be appropriate . Contact the agent or company representative and let them know what you desire . In California you might have difficulty surrendering a policy because of community property laws . The company will walk you through the process .


Input: How Do You Cancel A Universal Life Insurance Policy?

Output: Many people `` cancel '' their policies by simply stopping paying the premium . That is not a bad way to drop a term policy , but with universal life , you should cancel your policy through the carrier . You may be able to salvage some of the cash value , or even use it to continue your policy until you can afford paying premiums again . It is not your most cost effective choice to just let UL slip away .


Input: How Do You Cancel A Universal Life Insurance Policy?

Output: You must cancel the policy through the company which issued it . Because your needs may have changed , review your situation with a competent agent . Find out if it is really in YOUR best interest to cancel , surrender for cash , or replace the policy with a newer one . There may be tax advantages to replacing the old policy with a newer universal life policy .


Input: When Is A Good Time To Get Life Insurance?

Output: There is never a better time to get Life insurance then now . Life insurance increases every year you get older and your health is not guarantteed . Life insurance is also the only insurance product on the market that is guarantteed you 'll use . Term rates are at an all time low and obtaining a policy has never been easier . Just make sure you deal with a company who has a good tract record and who will be here in the next 40 - 50 years .


Input: When Is A Good Time To Get Life Insurance?

Output: The best time to buy life insurance is the day before you die . That way you wo n't pay a penny more than you have to for your coverage ! What 's that you say ? You do n't know the day you are going to die ? Hmmm ... well then , the answer is easy : The best time to buy life insurance is now . Assuming you have a need -LRB- or a desire -RRB- for life insurance coverage , you are best served buying it sooner rather than later . Term life insurance rates are as inexpensive as they will ever be , and they will only get more expensive as you grow older . If you are interested in cash value insurance , it 's even more important that you buy it sooner rather than later . Find yourself a qualified agent and work with him or her to design a program of life insurance coverage that will address your needs and keep your overall costs down .


Input: Does Federal Government Offer Short Term Disability Insurance?

Output: The federal government does not offer short term disability . Government workers do not have a directly sponsoredprogramthat they are automatically enrolled in . They can purchase private coverage . There are several private companies that allow government workers to purchase group policies and pay for them with a deduction initiated through the worker 's pay center . The federal government supports social security disability for private workers , but this program does not cover temporary disabilities . Your disability must be expected to last twelve months or longer , or result in death .


Input: What Happens If I Cancel My Universal Life Insurance Policy?

Output: Universal life policies are somewhat tricky . What happens when you cancel a universal life policy depends on when you cancel the policy . In the beginning years of a UL it has no cash value accumulated , so if you cancel during that stage nothing happens other than the policy terminates . You get no money back . In the mid range years of the policy it will likely have some cash value , so if you cancel it during that period you may receive the cash value . In the later years of a UL , unless you have kept pace with the increasing `` cost of insurance '' , -LRB- in other words paid increasingly higher premiums -RRB- , the cash value that has accumulated may be reduced by they increasing cost of insurance until there is no more cash value remaining . At that point the policy may terminate . So if you cancel the policy while it has cash value you will receive the cash value . If there is no cash value when you cancel the policy it will simply terminate .


Input: What Happens If I Cancel My Universal Life Insurance Policy?

Output: If you cancel your universal life insurance policy , you will no longer have that coverage to pay out upon your death . Likewise , you will no longer owe any premiums . If your policy has cash value at the time that you cancel it , you can collect that , minus any fees and/or surrender charges . If there is not enough cash value in the policy to collect anything , the policy simply ends .


Input: Why Buy Critical Illness Insurance?

Output: You should consider critical illness insurance if your family medical history is predisposed to chronic health problems or diseases that run in your family throughout recent generations . As you grow older , you may have had behaviors that can lead to critical illness like tobacco additions that leave you vulnerable to respiratory problems or obesity that lends itself to a variety of health problems .


Input: Why Buy Critical Illness Insurance?

Output: People buy critical illness insurance to protect their family against undue financial hardship if they should become diagnosed with a serious illness . People are surviving serious health conditions more often , and for more years , than in the past . At the same time , it seems that everyone has a close relative or acquaintance who has had cancer or heart disease or other serious illnesses . These are just some of the factors that compel people to buy critical illness insurance .


Input: What Is The Best Term Life Insurance?

Output: The best term life insurance policy is the policy that is scheduled to terminate the day after you die . The company would then pay the full death benefit but will probably have collected the least amount of premium . Unfortunately few in society know the day when they will die . Then you need to select a policy that covers you for the period of time when the need is greatest .


Input: What Is The Best Term Life Insurance?

Output: The best term life insurance policy is one that fits your TEMPORARY needs . Ask yourself what you are using the life insurance for . If it is to cover the cost of your home mortgage , or your business loan , simply get coverage for that amount . * Example : You have 15 years left to pay off your mortgage and it 's currently $ 150,000 pay off . You can get a 15 year term life policy for $ 150,000 . The only problem with this solution is that most people have other outstanding debts that need to be addressed . Think about what it would cost to replace YOUR income if you no longer were here . Do you have Kids ? Do you want them to attend college ? What 's the cost of that ? So in the example above , $ 150,000 would not be enough . The best term life insurance policy would be one that would completely get you out of debt , pay off your loans , and leave additional money to your family to replace your income so your family can continue on with lifestyle of living they are accustomed to . You can find all kinds of life insurance cost calculators online to help you determine the right amount for you !


Input: What Is The Best Term Life Insurance?

Output: The best Term Life Insurance is a policy that will cover your need for it . E.g. . If you have a business loan that you will pay off over the next 10 years , 10 year Term Life Insurance may be your best choice . However , if you do n't have a set need , getting a policy that will last until the date that the policy can last be converted can be a good choice . E.g. Let 's say you are 40 and the policy is convertible to the end of the term or age 70 , whichever comes first . If you get a 30 year term policy , you will have inexpensive coverage for the next 30 years . Perhaps you no longer need life insurance at age 70 , so you can just drop your coverage when the term ends . On the other hand , you may develop a serious illness and not want to lose your policy . Converting your current term policy to a permanent one can be a wonderful option to have in this situation .


Input: What Is 20 Year Term Life Insurance?

Output: 20 Year Term Life Insurance is a common term life insurance policy that people get when they want to provide protection for their children or other obligations . A 20 year term policy usually stays the same price for 20 years , although you need to check the years that the premium is guaranteed to be sure it can not go up in price during that time . When the 20 years are up , the policy will end or the price will increase drastically .


Input: How Long Has Long Term Care Insurance Been Around?

Output: Long term care insurance is a relatively new form of insurance . It has been around since the early 1970s . In those early days , it was primarily seen as `` nursing home '' insurance that provided indemnity benefits . Indemnity policies pay a specified amount for each day of covered services regardless of the actual costs incurred by the insured . It has evolved beyond this limited beginning to reimburse the insured for costs he or she incurs for comprehensive covered services in one 's home or in a nursing home or assisted living facilities up to a daily , weekly or monthly maximum stated by the policy .


Input: Does Homeowners Insurance Cover Jewelry?

Output: Yes , however there is usually a set amount they will pay . If you have expensive jewelry you can schedule the jewelry by having each item appraised and listed specifically on your policy . Check with your agent on the requirements and premium for the additional coverage as well as the limit for your basic coverage .


Input: Should I Buy Long Term Care Insurance In My 40s?

Output: Long-term care insurance is kind of like life insurance in the way that you should purchase it as early as possible . If you wait until your health is bad you may not qualify for the insurance . And , none of us know when our health will start going downhill . People might become uninsurable due to sudden and unforeseen events . Do you purchase automobile insurance after an accident ? Do you purchase homeowners insurance after your house burns ? The answer to both of these questions is no . And , the same is true for long-term care insurance . If you have friends or family that are younger than forty they may want to look into it at a younger age . I just read the answer for Gary Lane , and if you live in California I would recommend you contact him regarding the life insurance with living benefits . As an independent agent in Florida , I have access to at least a couple of those companies , as well . Gary , I would certainly like to talk to you about those companies and products if you are willing to share some information with me . One more thought regarding the best time to purchase insurance , if it is not affordable now when will it be affordable ? It does not get cheaper as you get older . It gets more expensive .


Input: Should I Buy Long Term Care Insurance In My 40s?

Output: I personally never recommend long term care insurance until a person is at least mid 50s to early 60s . I believe long term disability insurance is more important in your 40s if you are still earning income . There are many other insurance products to consider in your financial plan and long term care insurance is near the bottom of the list in your 40s .


Input: Should I Buy Long Term Care Insurance In My 40s?

Output: Yes . It will certainly cost you less then . However , you might be interested in life insurance with living benefits . It can cover the costs of long term care , along with disability , chronic care , along with the terminal care . It is now offered by only 5 companies in America . Love to talk with you about it . Thank you . GARY LANE 714 422 9616


Input: Should I Buy Long Term Care Insurance In My 40s?

Output: If it 's affordable and makes sense as part of your financial plan . As you look at various companies that sell LTCi , make sure you only purchase what you believe is necessary in terms of how long the policy will last once you need care . Another and most important consideration is the cost of living rider . I would purchase this with the highest benefit accumulation . Before you commit yourself you will want to look at the alternatives . For instance there are permanent life policies that have long term riders as well as annuities which provide a much higher payout if you need care .


Input: Should I Buy Long Term Care Insurance In My 40s?

Output: I would wait until after 50 to buy Long Term Care Insurance unless you have a fear that your health will not be good if you wait . E.g. . If diabetes or heart disease run in your family , getting your Long Term Care Insurance policy in your 40 's could be the only time you will be ever be able to get LTCI .


Input: Is State Farm a good company for Life Insurance?

Output: Well to join the love fest . I agree with Tyler and Scott . While State Farm is a highly rated company and does a good job on the Home and Auto side . Their life insurance offerings are just not competitive . As Scott said they really push their non guaranteed Universal Life and may add term to boost the face amount . Their underwriting is yet another issue . Being primarily a property and casualty company they have stricter Life Insurance underwriting than a Life Insurance company . Many times the agent is not that involved in the sale or service which may be relegated to the customer service rep. I have been a licensed agent for a long time . I use a property and casualty company for my property and casualty coverages and Life Insurance companies for my Life Insurance .


Input: Is State Farm a good company for Life Insurance?

Output: I agree with what Tyler said . As a rule , most property and casualty companies -LRB- that mainly sell auto , homeowners and business insurance -RRB- are worth looking at but definitely not the ONLY place you want to look for life insurance . State Farm is a top rated insurance company and is a brand you should consider in your research . A wise consumer should always shop all insurance purchases against dozens of other companies before making a purchase . If the savings are substantial , I would buy elsewhere . If the price is close ... State Farm is fine . An independent insurance broker can help you shop dozens of companies all at one time .


Input: Is State Farm a good company for Life Insurance?

Output: State Farm is a perfectly fine company with strong financial ratings . But , their Life Insurance is not what most agents would define as competitive . In fact , it often tends to be more expensive when compared to other companies . State Farm -LRB- and Allstate -RRB- often offer to discount your Home or Auto if you place your Life Insurance with them . On the surface it sounds like a great deal . But you need to actually compare the Home/Auto discount , to the difference in Premium for the more competitive Life Insurance Policy . Every time I have done this with a person , the lower priced Life Insurance Policy saves a lot more money than a discount other policies . Speak to an independent Agent who can compare multiple companies and show you the most competitive for your situation . Or visit a website such as the one on my profile and you can compare quotes yourself .


Input: Can Someone Have Two Health Insurance Policies?

Output: Technically , yes , you could . Though it would serve little practical purpose and be a really expensive proposition in this day and age . When you enroll in a health insurance plan there will always be a question asking if you will have other coverage in effect along with the policy you are applying for . This is so the two insurance carriers can coordinate their benefits among each other . In no case will your coverage with the combined insurance policies exceed 100 % of your covered expenses and it is illegal to make a profit off of having health insurance coverage . So , you would pay two full premiums for two separate major medical policies but , at best the secondary policy would only pay what was n't paid for by the primary policy . While I have n't seen or heard of it being tried , I would expect that a person enrolling for coverage through HealthCare.gov , especially a person who qualifies for a premium tax subsidy , would not be allowed to enroll in more than one plan by the way the computerized enrollment system is set up .


Input: How Are Life Insurance Dividends Taxed?

Output: Great question ! The IRS considers dividends paid to you to be an overpayment of premiums , and as such , are n't taxed . You paid taxes on the money for the premiums that you paid , so basically you were just `` over paying '' . That said , there can be situations where you would have to pay taxes if you take out loans and your policy lapses , but as long as it stays within the policy , you are fine . need more detail ? feel free to contact me , I 'm happy to help . Thanks for asking !


Input: How Are Life Insurance Dividends Taxed?

Output: Dividends in life insurance policies are , by definition , a return of your money and are therefore not taxed -LRB- the money you used to pay the premiums were already after-tax monies -RRB- . The dividends can be used in several ways -LRB- the most common that carriers offer are reducing premiums , securing paid-up additions , or receiving the monies directly as payments -RRB- .


Input: How Are Life Insurance Dividends Taxed?

Output: In Canada , life insurance dividends are not taxed as paid up additions while they are attached to the policy . If they are dividends on deposit the interest on the dividends is taxable . On surrender or withdrawal the dividends form part of the cash value and will be taxed on the gain . 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: When Do Companies Have To Offer Health Insurance?

Output: No one is required to offer health insurance , but employers are strongly encouraged to offer it as a way of attracting people to come work for them . Depending on how many employees there are for a given company , the employer may be subject to employer shared responsibility payments if they do n't offer group coverage and meet enrollment requirements . Employers also often offer group health insurance because they can get certain tax deductions and tax credits for doing so and enrolling employees . If you want to look into setting up a group health plan to offer your employees -LRB- or want to review your existing coverage to see if something better is available -RRB- , you want to work with an experienced health insurance broker . There 's many moving parts to group coverage . We have in-depth knowledge of the products available and can help design a policy that is suitable to your needs , your budget , and will offer great coverage to your staff . Please let me know if I can be of assistance . Thanks very much .


Input: What Is The Difference Between Term Life And Universal Life Insurance?

Output: Term life will pay a death benefit to those that you love if you die within a specified period of time . A universal life policy is a permanent life insurance policy in that it can be used to provide coverage until the day of death whether that is soon or many years from now . The term policy is pure expense . The universal life policy , while more expensive now , can actually reduce the cost of protection over many years by accumulating cash values . Discuss this with your agent .


Input: What Is The Difference Between Term Life And Universal Life Insurance?

Output: The main difference between Term Life and any form of permanent Life , Universal included , is that Term is pure Life Insurance without any frills . What I mean by that is that , so long as it is in force , it pays the stated amount as a death benefit to your named beneficiary when you die . Permanent plans include other features such as some form of inside cash accumulation that Term Insurance does not .