Input: How To Figure Out How Much To Save For Retirement?

Output: There are a number of sites that provide calculators to help you determine how much you need to save each year to accumulate a specific sum of money for retirement . Will you need 70 % of your preretirement income ? More than 70 % . ? The first step is to define what a successful retirement means to you and then set a date . Then you can determine what it wil cost cost to finance your retirement , starting with a budget . Working with a financial or retirement planner would be best , however , a site calculator gives you a the idea . . On my website www.jpw.ca you will find a Retirement Planning Checklist avaialble as a resource . If you have further questions , or fell that I could be of assistance , please do not hesitate to contact me .


Input: How To Figure Out How Much To Save For Retirement?

Output: That is a great question ! The first step is to decide exactly what your retirement looks like to you . Do you want to travel ? Hole up somewhere and fish all day ? Live basically as you do now ? Once you 've done that , take a look at where you are financially right now . What are your assets ? What debts do you have ? How much longer do you anticipate working ? Then you can figure out how to get from where you are , to where you need to be to ensure your retirement looks like you want it to . The rule of thumb is to live at the standard that you are now , you will need to save between 8-10 times your current salary . If you are n't comfortable now , then you will need to save even more . A good advisor can help you find a way to get started , or to adjust the plans that you have . I hope that helps , thank you for asking !


Input: Is New York Life A Good Life Insurance?

Output: New York Life is an excellent life insurance company with strong ratings and a blue chip balance sheet . New York Life has huge retention for large cases . However , their product line is not competitive in the brokerage community and generally sold by their proprietary agent field force .


Input: Is New York Life A Good Life Insurance?

Output: Yes . New York Life is a top rated life insurance company . They are a mutual company which means they are owned by their policy owners not Wall Street investors . They are known for their excellent whole-life products . a different division of New York Life sells mail order life insurance which is co-branded by AARP . These are quite different from the New York Life products offered by their agents .


Input: Can My Girlfriend Be On My Car Insurance?

Output: If she drives your car on a regular basis or lives with you then you should consider adding her as a driver . Just remember however that her driving record can affect your insurance rates if you do so . If for any reason her driving record is badly blemished then I suggest having her obtain her own policy .


Input: Can My Girlfriend Be On My Car Insurance?

Output: In California the determination is that the car is attached to a household . If your girlfriend is also a member of your household , she not only can , but she must be a listed driver or excluded from the policy . If she doesnt live with you and operates your car with your permission , your insurance continues to cover the car . However , you are still responsible for the outcome and if she has an accident it could lead to an increase in your premium .


Input: How Quickly Can You Get Homeowners Insurance?

Output: Most companies extend binding authority to appointed agents . You should be able to get evidence of insurance within a very short period of time . The agent then submits the application to underwriting and they have sixty days during which they can review and decline the risk . The parties to the insurance policy receive legal notice of cancellation should that occur which gives them ample time to secure coverage elsewhere .


Input: How Quickly Can You Get Homeowners Insurance?

Output: You should be able to get a policy the same day or the next day . Most insurance agent 's have binding authority , which means that if they can get enough information and if you meet a certain set of criteria , they can say you are covered now and you are covered now , even without paperwork . That being said , a lot can change if the agent has n't visted the property and completed an inspection , so I always recommend giving an agent at least 1 week of notice so they have a chance to come by and look at the property condition , put together some coverage options , and meet with you to review those options as policy can vary hugely from one company to another and depending on what options you choose .


Input: How Much Will Medicare Pay For A Hospital Bed?

Output: Medicare has specific fees for DME -LRB- durable medical equipment -RRB- including wheel chairs , walkers and hospital beds . DME supplies are covered under Medicare Part B . You should always use a Medicare approved DME supplier and make sure they accept assignment . The hospital bed requires a doctors prescription . Your DME supplier can give you an idea of how much Medicare will pay toward the cost of renting a bed .


Input: Where To Purchase Disability Insurance?

Output: There are several brokerage companies online that offer several disability companies . It 's important to have a well represented inventory of disability companies to compare benefits and premium payments for a competitive analysis . Shopping online can help you secure a competitive bid as long as you 're fore right about your health history , current medical condition and you can substantiate your income .


Input: Where To Purchase Disability Insurance?

Output: Disability brokers have websites and offices where you can go to purchase a Disability Insurance policy . Individual online Life and Health Insurance agencies also often carry Disability Insurance . Or , as in our case , they use the services of a Disability Insurance broker to help their clients get the best price and options .


Input: Where To Purchase Disability Insurance?

Output: Disability insurance is a complex product . There are so many different types of plans , with a great variety of additional options available that you are best served working with an independent life insurance broker . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: When Can An Auto Insurance Company Sue Me?

Output: An example of being sued by an insurance company would be : Your have been found at fault in an accident . Now you either had no insurance or your insurance coverage 's were to low to pay the damages . The latter is very common . The other parties insurance company paid for their own insureds damages and is now seeking to recover it 's losses . So lets say for example you did have some coverage but the coverage 's you carried were to low . Your insurance company would of paid the claim up to the limit you carried . This turns out to not be enough and the person you hit insurance company , having had to pay beyond what your insurance company would pay will sue to recover the additional monies paid out . Moral of the story : Carry the highest liability and property damage limits you can afford . Do not waste your money on a low deductible for your own car . This amount is minimal compared to what you can lose in a liability suit .


Input: What Does Disability Employee Mean?

Output: Disability employee could mean an employee that has a disability . Or it could be an employee of a disability insurance company . Or it could be someone who manages disability plans for a business . It is not a common term and the meaning would depend on the context in which it is used .


Input: What Does Disability Employee Mean?

Output: I am going to assume you want to know what constitutes a disability for an employee . This is governed by the definition of disability contained in the insurance policy providing coverage . The most difficult definition is the inability to do any work that the employee is trained to do . Other definitions are the inability to do the work in which the employee is currently engaged .


Input: Where Do I Withdraw My 401K?

Output: You withdraw monies from your 401 -LRB- k -RRB- through the administer of your 401 -LRB- k -RRB- plan you have through your company . Contact your HR department and request paperwork to either take a loan , withdraw and or close out your account . Be aware that if you do withdraw monies or close your account , you will have to pay the taxes for this year .


Input: How Soon Should I Apply For Medicare?

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


Input: I Was Given The All Clear 10 Years Ago From Leukemia. Will This Affect An Application For Life Insurance?

Output: The diagnosis of leukemia will affect the rate or eligibility for some life insurance policies , even though over 10 years ago . For others -LRB- like a simplified issue policy that asks if you have been diagnosed or treated for leukemia in the past 10 years -RRB- , it will not make any difference at all . Contact an impaired risk specialist that offers policies from multiple companies to find the policy that has your lowest price .


Input: I Was Given The All Clear 10 Years Ago From Leukemia. Will This Affect An Application For Life Insurance?

Output: Some companies will automatically decline a policy due to certain risk factors or rate higher premiums . Cancer and heart attack are some . Major operations are another . Tbis does mean you ca n't be insured . There are ways around this . Companies that deal with these risks are available , I know of someone who had seizures had operations or heart operations but was written policies on another factor of risk .


Input: I Was Given The All Clear 10 Years Ago From Leukemia. Will This Affect An Application For Life Insurance?

Output: Congratulations !! That is a great question ! The simple answer is that it depends upon the amount of insurance that you would want for coverage , and the company that you choose to have insure you . I 'd suggest that you find an independent agent -LRB- one not tied to a single brand name -RRB- who can look for a policy that will not count your past illness against you . If you would like , I 'd be happy to help , just drop me a line . Thank you for asking !


Input: Can A Person With HIV Get Life Insurance?

Output: A person with HIV can get life insurance by converting a present term policy into a permanent plan . There also may be group conversions available through an employer . Also , there are some guarantee-issue plans that possibly may be able to offer coverage . An experienced broker will find any available plans for you .


Input: Can A Person With HIV Get Life Insurance?

Output: Being HIV positive makes it very difficult for people to get life insurance . If over age 40 , there are some guaranteed issue life insurance policies available , but these provide only a limited amount of coverage . Some of our clients have obtained small policies through credit unions , mailers from small guaranteed issue policies , or other random places . Of course , getting life insurance through one 's job is a great option if you can get it . It is very unfortunate that there are not more options . Hopefully this will change in the future .


Input: How Much Does Long Term Health Insurance Cost?

Output: I 'm unsure exactly of whether you are referring to regular health insurance or long-term care insurance . Either way , the cost of coverage under both types of insurance will vary from person to person . For health insurance , your age , where you live , if you use tobacco products , the carrier you purchase through , your plan metal level , and if you qualify for a subsidy to reduce your premium will determine how much a good policy is going to cost . Under the Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Tobacco usage can increase your premiums up to 50 % as well . If you 're referring to long-term care coverage , a number of factors can affect the cost of the policy such as your gender , where you live , the monthly benefit of the policy , the policy 's benefit period , any discounts when spouses apply together , etc. . It 's always helpful to consult with an experienced insurance broker who can work with you on a personal level and help you determine which plan will work best for your specific needs . I hope the information is helpful - please feel free to contact me for help with your coverage or if you have any other questions . Thanks very much .


Input: What Is An Enrolled Retirement Plan Agent?

Output: Assuming that is question is describing an enrolled agent , the Enrolled Retirement Plan Agent , or ERPA , is a representative certified to practice before the IRS . The IRS recognizes these specially licensed agents to not only advise consumers , but represent them in front of the IRA service in matters of taxation and/or disputes on retirement plans .


Input: What Does Contingent Mean On Life Insurance?

Output: If you are referring to a `` contingent '' beneficiary , it is simply the `` second '' beneficiary named , so that if something quite unfortunate occurred to the primary beneficiary , the contingent would be the recipient of the proceeds . Initially , when you apply for a life insurance policy -LRB- or other contracts -RRB- , these would be named .


Input: What Does Contingent Mean On Life Insurance?

Output: Contingent policy beneficiaries or owner can be the second option for the proceeds of the policy if the primary beneficiaries are no longer alive or at the death of the policy owner -LRB- not also as the insured -RRB- . Think of contingents as a backup option or people in reserve that would have an insurable interest in the demise of the policy insured .


Input: What Does Contingent Mean On Life Insurance?

Output: The definition of contingent is `` dependent for existence on something not yet certain '' . In life insurance terms , it means that the contingent beneficiary exists just in case the primary beneficiary -LRB- or all the primary beneficiaries , if there are more than one -RRB- are not alive when the insured person dies . If the owner is someone different than the insured , one could set a contingent owner of the policy , as well . Life insurance is to protect survivors from the `` what if 's '' in life , and thus it is a good idea to name a contingent beneficiary for the same reason .


Input: What Does Contingent Mean On Life Insurance?

Output: Life insurance policies can have a contingent beneficiary or contingent owner . This simply means that if something happens that the primary beneficiary or owner predeceases the insured then the policy proceeds or ownership transfers to the contingent -LRB- or secondary -RRB- owner or beneficiary . If both predecease the insured then any funds from the policy would go into the estate .


Input: Will Medicare Pay For A Knee Replacement?

Output: Medicare does cover joint replacement if the need to replace the joint is considered medically necessary . Joint replacement includes shoulder , hip , knee and other body joints . Make sure you use a medical provider that accepts assignment . Some replacement joint devices are considered a `` premium '' device . You may be responsible for paying the difference in a basic device and an upgrade . Your provider can advise .


Input: What Does An Insurance Deductible Mean In Health Insurance?

Output: It is the out of pocket medical expenses that a individual must pay before their insurance `` kicks in '' with your policies definition of full coverage . Generally medical expenses relating to preventive and early detection will be covered before meeting the deductible . The co-pays and co-insurance would be credited toward your deductible . It is the same basic principle as a deductible with car insurance .


Input: Is American Income Life Insurance Legitimate?

Output: Yes . American Income Life Insurance is a legitimate company . They have been around for a while . I heard about them approximately 8 years ago when they attempted to recruit me as a life insurance agent . You can also enter their name into your favorite search engine to find out more information about the company .


Input: When Can I Change My Medigap Plan?

Output: In general , you can change your Medigap Plan any time of the year . You will have to medically qualify for a new Medigap Plan -- unless you are in a Guaranteed Issue situation -LRB- the rights you have in certain situations when insurance companies are bound by law to sell you a Medigap Policy and ca n't deny you because of current or past health issues -RRB- . To qualify medically , means you have to answer the health questions on the insurance carrier 's application and list prescription medications taken in the last 12 - 24 months . Every insurance company 's health questions are unique , as is each individual . A licensed independent agent who specializes in Medicare Supplement insurance is a great resource for helping you find which insurance companies you may qualify with -- and , which ones have the best premiums for the Medigap Plan benefits you want . Thank you for reading my response . If I can help you with your specific situation , please feel free to contact me .


Input: When Can I Change My Medigap Plan?

Output: Medigap , also know as Medicare Supplement insurance can be changed at any time . You do not have to wait until open enrollment in October . Since Medicare Supplements are in addition to Original Medicare , the rules are different than a Medicare Advantage Plan that basically takes the place of Original Medicare . If you have a prescription drug plan , -LRB- Part D -RRB- you will have to wait until Open Enrollment October 15th through December 7th to change the Part D .


Input: When Can A Person Receive Medicare?

Output: People are eligible for premium-free Medicare Part A when they turn 65 and have met the 40 quarters -LRB- 10 years -RRB- of working life/paying FICA taxes . Anyone who is eligible for premium-free Part A , can qualify for Part B - Part B requires premiums . Younger individuals with certain disabilities who have been entitled to social security disability benefits and those with end-stage renal disease , may also be eligible to receive Medicare benefits .


Input: Who Owns Medica Health Insurance?

Output: Medica started in 1975 by a group of physicians for the purpose of becoming a Physicians Health Plan . They offer coverage in Minnesota and select counties in Wisconsin , North Dakota and South Dakota . According to Medica , `` It was the first open-access health plan in the state . In 1991 , PHP merged with Share to become Medica . And in 1994 , Medica merged with HealthSpan to form Allina Health System , an integrated organization offering both health care coverage and medical services . Medica became an independent health plan in 2001 '' . In 2010 , Medica reported $ 4 Billion in revenue and that `` 90 % of fully insured premium revenue was used to pay for health care expenses '' . Medica states that over 96 % of Minnesota 's providers participate in the program and they offer a large national network of over 660,000 providers and 5,100 hospitals to it 's members . Resources : Medica.com


Input: What Does EOI Mean In Life Insurance?

Output: EOI stands for `` Evidence of Insurability '' . EOI shows the insurer that the insured person meets the health and risk criteria required by that company in order to get a certain policy . Group life insurance plans might not require EOI for a certain amount of life insurance , but then require EOI for additional coverage , or coverage for family members . Most privately purchased policies do have EOI requirements of some kind , although they can vary widely from simply answering a few questions to having a full medical exam done .


Input: Can I Go To Emergency Room Without Health Insurance?

Output: Anyone can go to the ER -LRB- emergency room -RRB- regardless of whether you have health insurance or not . Bear in mind the ER is not required to treat you -LRB- except in the case of life threatening medical conditions -RRB- unless you have the ability to pay your bill . EMTALA rules require hospitals to treat medical emergencies without first verifying if you have insurance or not .


Input: What Is A Taft-Hartley Retirement Plan?

Output: Taft-Hartley retirement plans are retirement plans for union members and their families . Benefits and contributions are negotiated as part of the CBA . Management and oversight of a T-H plan is usually handled by a third party administrator that is contracted by the union . Some large plans -LRB- such as the Teamsters -RRB- represent more than one union group .


Input: Does AAA Provide Renters Insurance?

Output: AAA does indeed offer house , apartment and condo insurance . They also include a 10 % discount on premiums if you are a AA member . Typically , renters insurance policies are the cheapest form of property coverage since the actual dwelling where you live , is not covered by you . However , you would have liability coverage included in your policy along with other benefits , including reimbursement if you had to temporarily move elsewhere because of a specific covered claim .


Input: What Is Covered With Critical Illness Insurance?

Output: What is covered with critical illness insurance is spelled out in each policy , and differs from company to company . The basic critical illnesses are stroke , heart attack and some types of cancer . The cancer is usually the more serious kind , although some policies will pay a partial benefit for milder types of cancer . Some other critical illnesses that may be covered are organ transplant , Parkinson 's , Alzheimer 's , kidney failure , coronary bypass , blindness , deafness , or paralysis .


Input: What Is Covered With Critical Illness Insurance?

Output: The health conditions that are covered by critical illness insurance are determined by what is specified on each policy . The three primary ones are stroke , heart attack and cancer . Some policies also cover such health conditions as major organ transplant , coronary bypass surgery , kidney failure , paralysis , blindness , deafness , or MS. Payments are made in a lump sum , or over a course of payments , upon diagnosis of a qualifying condition .


Input: Where Can I Get Group Health Insurance?

Output: There are two paths to getting group health insurance for your business . First , the `` do it yourself '' approach where you can call up or go to a health insurance carrier 's web site and request a quote . Of course , this assumes you know all the health insurance carrier options in your state and that you will know what information you need to have available to get a quote . You may also discover that a health insurance carrier does n't work directly with the group consumer and they will recommend you seek out an insurance broker . Keep in mind that a group health insurance carrier can only talk to you about their products and services so you ca n't expect them to help you comparison shop and , of course , every health insurance carrier thinks their products are the best . This brings us to the appropriate option , seek out a group health insurance broker . Do a web search , ask a fellow businessperson or friend but find an experienced , knowledgeable employee benefits professional to guide you through this process . There is a lot involved in setting up an employee benefits program and with the market changes imposed by Obamacare the task has become even more complex and demanding . If you are needing help in setting up or reviewing your group health plan contact me at WEBSITELINK .


Input: How Much Long Term Care Insurance Can I Afford?

Output: Long term care -LRB- LTC -RRB- insurance is a part of defensive planning for your retirement . Long term care policies price their premiums on the basis of your gender , age , smoking status , health history and current medical condition . You have three considerations for long term care coverage : a stand alone policy , an annuity or life insurance with an LTC rider .


Input: Does It Make Sense To Buy Long Term Care Insurance?

Output: It makes sense to buy Long Term Care Insurance if you can afford the premium without giving up quality of life . If you are already on Medicaid or have very little income or assets , Medicaid will soon pay for your long term care , if it is needed . You will not have the choices of care that you would by having Long Term Care Insurance , but spending money you do n't have for LTCI premiums , in my opinion , is an unnecessary sacrifice for a need that may never occur .


Input: What Does Medicare Medical Part B Cover?

Output: That is a great question ! Jason gave you a great rundown of services and costs . If you would like to know more about your Medicare coverage and services you are eligible for , go to the Medicare website WEBSITELINK as it is really helpful . There are a ton of links and places to look for answers . Thanks for asking !


Input: What Does Medicare Medical Part B Cover?

Output: Medicare Part B is your physician insurance - it covers doctor visits , tests , surgeries , preventive services , and supplies including DMEs -LRB- durable medical equipment -RRB- . The Part B deductible is $ 147 in 2014 . You 're responsible for 20 % of healthcare expenses covered by Part B - Medicare only covers 80 % of the costs . Most people who have Part B will also have Part A -LRB- your hospital insurance -RRB- - Part A is premium-free for most people . You may want to consider buying a Medicare supplement plan -LRB- a.k.a. Medigap plan -RRB- to cover the other 20 % . The advantage of a Medigap plan is that it creates a very predictable healthcare expense structure -LRB- a very helpful ability for retired persons on a fixed income -RRB- . Please feel free to contact me for help . Thanks very much .


Input: Is A Broken Window Covered By Homeowners Insurance?

Output: Your homeowners insurance would cover a broken window if it was broken due to a covered loss . If the window was broken because you or the kids were playing baseball in the yard and someone knock the ball through the window that more than likely would n't be covered . Please read your policy completely to know what coverage is offered and what exclusions there may be or contact your local agent to have them go over the policy with you .


Input: Is Car Insurance Cheaper When You Are Married?

Output: The best answer to this is maybe . You can receive discounts for many things when applying for auto insurance . One of the available discounts is being married . However , if you are married , and only have one car then you are effectively nullifying the discount . The reason for this is the corollary discount to being married is the multi-car discount . If you are sharing a car with your spouse , then you will be rated for two drivers with one auto , which means more exposure and subsequently higher premiums . So the best way to maximize your insurance discounts is be married , each drive your own car , and throw on a type of homeowners policy , even if you are just renting . I hope this helps .


Input: Can You Get Life Insurance If You're Pregnant?

Output: When you are pregnant , some life insurance companies will postpone taking your application until after your baby is born . Some will let you get a policy while in your first or second trimester . If you fit the weight guidelines , there are simplified issue policies that can be obtained into the third trimester of pregnancy .


Input: How Much Is Home Insurance Every Month?

Output: Home insurance can cost as little as $ 20 per month or much much more . The rate depends on your dwelling amount coverage -LRB- personal property etc. . . too -RRB- and other underwriting factors such as the age of your house , how far you are from a fire hydrant and your claims history . Of course there are many available discounts such as 55 and retired and burglar alarm .


Input: Will Medicare Cover A Tens Unit?

Output: Medicare will cover a TENS unit , but under a specific set of circumstances . According to the Medicare guidelines,ATrans-cutaneousElectrical Nerve Stimulator -LRB- TENS -RRB- iscovered for the treatment of patients with chronic , intractable pain or acute post operative pain . Further documentation requires that medical records document the location , duration and etiology of the chronic pain . Durable medical equipment has very specific guidelines to be covered under Medicare . Make sure you check first or you could be paying a lot of money out of your own pocket . For more information on TENS please visit www.clminsure.com or call 561-320-2978


Input: How To Appeal A Long Term Care Insurance Denial?

Output: To appeal a Long Term Care Insurance denial or Life Insurance denial , you must first find out the reason for the denial . It may simply be that the company was unable to secure a certain set of medical records , and thus could not make a decision based on lack of information . You might be able to track down those medical records and be able to be approved . Or , your medical records or MIB may state your health in a mistaken way . You may be able to do additional testing to disprove that , or get an informative letter from your doctor stating the correct information . This can be submitted directly to the underwriter and/or to the MIB to get your information there corrected .


Input: Is Disability Insurance Worth The Cost?

Output: Disability Insurance protects your income . The average American becomes disabled once during their working years . That average time of disability is 30 months . Most Americans have 90 days of emergency money . Depending on your gender , age , smoking status and health condition you could pay 5-8 % of your income to protect your income . 60 % of your compensation tax free -LRB- because you didnt deduct the premiums -RRB- and 80 % of your compensation taxable because you deducted the premium through a business . Is that worth it ?


Input: Can I Get Health Insurance If I'm Unemployed?

Output: Yes . Health insurance today is , in short , guaranteed issue - you can not be denied health insurance for any pre-existing condition or other health-related reason . Depending on your income , you may be able to qualify for a subsidy to reduce the cost of your health insurance premium . If you are below the minimum requirements to qualify for a subsidy , you may be able to qualify for Medicaid . Under the Affordable Care Act , if you do not want to buy a health plan , you can be subject to pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . Many individuals have options for group insurance through their employer or they are on Medicare or Medicaid . If you decide to buy a health insurance plan , then you would either need to buy it on or off the health insurance exchanges . Buying on the exchanges is beneficial if you qualify for a subsidy . Subsidies can only be used for on-exchange plans - they can not be used towards plans sold off the health exchanges . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . Please let me know if I can be of further assistance . Thanks very much .


Input: Can Life Insurance Proceeds Be Paid To A Minor?

Output: When life insurance proceeds are paid to a minor , it is usually required to have a financial guardian to oversee the distribution of funds to the child until they reach age 18 or age 21 , depending on the state of residence . This can be done ahead of time through a trust .


Input: Can Life Insurance Proceeds Be Paid To A Minor?

Output: The desire to take care of children often leads to improper planning . Children require supervision and the money should be left a trustee for the benefit of the children . Often the trustee will supervise the money until the child is 25 or older to make sure that it isnt rapidly consumed in immature activities .


Input: Who Can Afford Whole Life Insurance?

Output: A person with a fixed income or a person who is employed -LRB- in the ideal world -RRB- can usually afford whole life insurance . The premium -LRB- payments for the insurance -RRB- are based on a number of factors including : Amount of insurance coverage Age Gender Health status Income , etc. . The rule of thumb , at least in my insurance training , is that you should not pay more than 6 % of your monthly or annual income for life insurance . If you can afford to give up 6 % , then you should be fine . Your life insurance agent should discuss with you all these things before writing a policy on you .


Input: Who Can Afford Whole Life Insurance?

Output: Many cost conscience and affluent consumers can afford to pay for participating whole life insurance for their indemnification needs and do pay , but many do not because they can generally obtain the same coverage via a guaranteed universal life insurance policy . This is an affordability issue versus a wise use of the money issue . This becomes more evident if the consumer needs temporary coverage and selects term life insurance .


Input: How To Use Disability Insurance?

Output: If your employer offers short term disability you can bring your exposure down to 30 days very cost effectively . By ensuring that you have no more than 30 days exposure you can protect your savings account from the necessity of having to use it to pay for short term disability plans . While your `` occupation '' classification determines if you can get a long term disability plan beyond 5 years the protection of being disabled should never be overlooked . If you look at the percertage possiblity of your being disabled is higher than your death . What is the importance of having an `` own occupation '' definition vs. `` any occupation '' definition ?


Input: How To Use Disability Insurance?

Output: Individuals as ell as business use disability insurance to protect the paycheck of the policy insured against prolonged illness and/or injury . Most working Americans have around 90 days in cash reserves , so you may want to use 90 day elimination period . You can also purchase short and/or long term disability insurance .


Input: What Is The Best Way To Plan For Retirement?

Output: First create a financial profile that includes your timeline to retirement , your life expectancy , your tax bracket and your risk tolerance . Estimating timelines will help you frame your retirement planning . Knowing your tax bracket will help you decide whether to use a qualified or non qualified retirement plan . Determining your risk tolerance will also help your select the right investment product . You need to discover if your employer sponsors a retirement plan , especially if it offers matching contributions . This can help you decide whether to use an individual or employer sponsored retirement plan .


Input: Does Life Insurance Expire At A Certain Age?

Output: Term life insurance has a time certain period according to the contract provision , i.e. 5 , 10 , 15 , 20 or 30 years . Permanent life insurance can expire at a set age , by design , like life expectancy age 85 or at the maturity date , which can vary , i.e. age 100 to age 121 .


Input: Does Life Insurance Expire At A Certain Age?

Output: No , life insurance does not expire at a certain age . Each life insurance policy has its own parameters , whether the policy is Term , Whole or Universal Life . Be sure you understand those when you take out your policy , or you may find yourself uninsured just when you need it most .


Input: What Is Passive Restraint Discount On Auto Insurance?

Output: This is a discount on your auto insurance that refers to your seat belt and air bags in your vehicle . There are many other discounts that carriers provide for your auto insurance rates . Some carriers provide discounts for alarm systems , ant-lock brakes , automatic traction control , and radar sensing systems -LRB- very new technology -RRB- just to name a few .


Input: What Is Passive Restraint Discount On Auto Insurance?

Output: The discount applies to the Personal Injury Protection or Medical Payments coverage available on your auto policy . Some states require such coverage and others do not . Talk to your Insurance Professional about your particular policy to see if you have the coverage or not . If available , the discount is applied because your car is outfitted with drivers side or full compartment air bags or automatic seat belts . There may be other discounts available if your car is equipped with other safety features like anti lock breaks and the like . Again talk to your insurance professional about this to be sure you are receiving all available discounts .


Input: Where To Get Cheap Car Insurance For New Driver?

Output: You can pretty much expect that new drivers will pay more for car insurance than more experienced drivers . That being said , you can probably find `` cheap '' car insurance with some effort on your part and by consulting your Insurance Professional . Like most things though , cheap might not always be the best buy if you need to use it and statistics have shown for many years that less experienced drivers tend to need to use their insurance more than experienced ones .


Input: Where To Get Cheap Car Insurance For New Driver?

Output: That 's a great question ! I 'd like to give you a bit of advice - some things are good to buy `` cheap , '' other things in the long run are better to spend a little more money on . Cheap shoes will hurt your feet , and wear out quickly . Buying a very cheap car often means spending a lot on constant repairs . Insurance is one of those things , especially for a young driver , that it is better to not go `` cheap '' on . You want better coverage , as you are much more likely to have an accident than an experienced driver would be . You will want a lower deductible , as you will inevitably end up needing repairs at some point . Please look for a local agent who can help you , or feel free to drop me a line , I 'd be happy to give you some pointers . Thanks for asking !


Input: Where To Get Cheap Car Insurance For New Driver?

Output: Cheap car insurance rates for new drivers are available from many companies . The most important consideration is to utilize an experienced broker to help you find the best prices for the vehicle you own . Liability limits will help determine what you pay and an experienced broker will review the best options and explain which limits are best for you .


Input: Where To Get Cheap Car Insurance For New Driver?

Output: By cheap car insurance , I assume you mean low premium . In California inexperienced drivers are charged against one of the household vehicles . The charge is significant . It is tempting to reduce the cost of the policy by reducing the limits on the policy . That could be a very large mistake . In the end the cheapest possible policy is one that makes you whole at the time of a claim .


Input: Is Mutual Fund Exempt From Tax?

Output: That is a great question ! The answer depends upon what the mutual fund is invested in . If the fund is involved in municipal bonds , -LRB- City , State or Government bonds issued to fund public projects -RRB- then you will not pay taxes on the profits that you may see . If your mutual fund is involved with stock funds , then you will pay one or more taxes . If you are paid a cash dividend , then your income taxes will be due on that payment . If the stocks increase in value , you will pay capital gains on the difference . I hope that helps . Thanks for asking !


Input: Is Mutual Fund Exempt From Tax?

Output: In Canada , most mutual funds are set up as trusts . What that means to investors is that everything flows through to the investor . Interest , capital gains and dividends flow through and the mutual fund does not pay any of the taxes . The fund earns its `` own money '' on fees and would pay tax on that income . Note : Some mutual funds are set up as `` corporate class '' , they also `` flow through '' If you have further questions , or if you feel that I could be of assistance , please do not hesitate to contact me . Mutual funds are often used as part of a retirement plan . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community .


Input: Can I Find Out Who Has Life Insurance On Me?

Output: No person or entity can own life insurance on your life unless you gave your consent to be insured . Do you recall signing an application for life insurance or signing to authorize the release of medical information for insurance underwriting purposes ? Do you recall having a paramedical exam - blood and urine samples , questions about medical history , etc ? Ask your family members . Also ask your employer . Since 2006 , employers who insure the lives of their key employees for the benefit of the business must obtain your consent and give you notice up front plus they must report coverage they own on employees annually to the IRS . Some records of your consent should exist in files . Then contact the insurance companies involved to verify .


Input: Can I Find Out Who Has Life Insurance On Me?

Output: Yes . You may ask your family members if anyone knows of an existing policy on your life . If you are unable to do that , then you may contact an insurance company and give them your name so they can check their records . The problem is if you do n't know who owns the policy , then finding the right company is like finding a needle in a haystack . It is possible , but it may take a lot of time and effort .


Input: How Does Life Insurance Affect Taxes?

Output: If you receive a life insurance death benefit as the result of being a beneficiary on a policy , you will not have to pay income tax on it , in most circumstances . If the Insured person also owned the policy , and the death benefit brought the value of the estate over the limit exempt from estate taxes -LRB- $ 5,250,000 in 2013 -RRB- , estate taxes may need to be paid .


Input: How Much Does Variable Universal Life Insurance Cost?

Output: How much Variable Universal Life costs you depends on a number of factors , some are flexible , some are not . Universal life is a complex product that unbundles the components of a whole life policy to provide you with more control and flexibility . The basic building blocks are cost of insurance , expense charges and investment earnings . There are a number of death benefit options available which affect the cost of insurance . For example you can have a level death benefit or level insurance plus cash value . The cost of insurance can be annually increasing for life , annual increasing then paid up at 85 , level and a number of other options that vary by company . The expense portion of the premium is stated in the policy . Some expenses are fixed and guaranteed others are variable so you would need to refer to the policy for details . In Canada , the earnings inside a universal life policy are always expressed as interest . Some policies have 400 + investment options that , in addition to Guaranteed Interest , can mirror the performance -LRB- positive or negative -RRB- of a variety of mutual funds in a tax preferred environment . I say mirror , because you do not actually own units in the particular mutual fund , just the performance . In Canada , the total maximum premium to keep the policy exempt for accrual taxation is set by the government . This provides you with flexibility , it is important that you understand that if the the policy is underfunded it could go out of force . The policy needs to be managed . So how much does Variable Universal Life Cost ? It depends . An independent life insurance broker , representing several companies , can help you find the right policy at the right price . If you have further question , or feel tat I could be of assistance , please do not hesitate to contact me .


Input: Is There A Way To Assign A Portion Of My Life Insurance Policy For Cash?

Output: Good Day to you . There is no way to assign a portion of your benefit based on what you have provided however you might qualify for a life settlement . Life Settlements is basically selling your policy to get some cash . What happens if you qualify , is the owner and beneficiary would change . Upon death , the benefit would go to the new beneficiary/owner . I hope this helps . If you want more information , please reach out to me . Matt


Input: Is There A Way To Assign A Portion Of My Life Insurance Policy For Cash?

Output: Life insurance proceeds can not be paid to cash . A designated beneficiary must be assigned to receive the proceeds . In the instances where a beneficiary predeceases the insured and there are no contingent beneficiaries assigned/remaining , then the proceeds would be paid to the insured 's estate -LRB- assuming a trust is not involved - which i imagine is the case if your policy is provided via a federal employee program -RRB- - the proceeds must then go through the probate process and distribution would be handled by the courts . A beneficiary of a life insurance policy must have an insurable interest to the insured person - this includes persons , businesses , and other types of organizations . What is the reason for wanting to assign $ 50,000 of the $ 286,000 coverage amount to cash and not to your son or another person/entity ?


Input: Is There A Way To Assign A Portion Of My Life Insurance Policy For Cash?

Output: Can I assign a portion of my death benefit to cash ? Generally no . A life insurance policy has a stated beneficiary or goes to your estate . It is hard to figure what you want cash for ? is it to pay something off ? to gift ? You can directly state such things in your beneficiary declaration . Basically the proceeds need to be assigned to someone or some thing -LRB- charity -RRB- or the proceeds are included in probate and distributed that way .


Input: How To Increase Your Auto Insurance Score?

Output: Great question ! The best way to increase your insurability is to have a clean driving record . Avoiding tickets , accidents and damage claims for an extended period of time demonstrates that you are a careful driver , and that your risks are low . Another thing that will help - keep paying your bills on time , and more than minimum payments if possible . Most insurance companies factor in your credit record into their scores , and a good record there over time demonstrates responsibility also . If you would like more information , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: How To Shop For Medicare Supplemental Insurance?

Output: Shopping for Medicare Supplement insurance can be confusing . You should find an independent insurance broker or agent , who can help you shop and also can explain the ins & outs of Medicare with you . A good agent will have multiple companies to offer you and will be able to discuss your particular needs and budget to determine what plan design and company would meet your needs . Most who carry Medicare Supplements will also be able to assist you with Part D coverage as well . There are also Medicare `` Advocates '' in many states who are trained by Medicare . They can be a tremendous help in educating people about Medicare in general , what product choices that a person will have & usually can assist in Part D enrollment . What I have found with these people is that even if they can discuss all of the supplement plans with someone - they can not actually enroll them , since they are not salespeople . But , they are a very good source of agnostic information . In addition , there are many online sources to run quotes & see rates . Even though that sounds like a good way to shop , it does n't provide overall education about differences in various companies , the issue basis of the policies being quoted , or any state specific laws and rules that could impact the person applying in the future . Even if someone has a good idea of various rates , it 's still best to sit down with a real person & make sure you receive all of the information necessary to make a good decision .


Input: How To Shop For Medicare Supplemental Insurance?

Output: There are several ways to shop for Medicare supplemental insurance . You can go online , contact a carrier , talk to a Medicare representative , respond to solicitations by mail , invite an agent into your home . Most people buy from an agent in their home . If the agent only offers one plan , that is n't really shopping is it ? And who really wants strangers coming in their home ? If you have recently turned 65 you are no doubt inundated with mail solicitations . All of this is too confusing for most people . Buying without help is not advised . You can call Medicare direct , and some states have people who will answer your questions and help you decide . But how do you know if that person has enough experience to give you helpful answers ? This may be their first week on the job . Some think they will get a better `` deal '' if they buy direct from a carrier . Again , you never know anything about the person you are talking to , and how do you know they will be available to answer future questions ? Or you can go online . This is convenient but there are challenges here as well . Unless you visit a site from a local agent , you are probably giving up your personal information to a stranger in another state that will sell that information to numerous agents . This leads to multiple phone calls . Who wants that ? Another issue with online searches is this . You will only see a handful of options and will never see the lowest rates . We allow visitors to run their own rates from our site . They receive regular email notes with helpful tips following their initial visit . We send out personalized quotes to those who want them , showing multiple carriers . If you have questions , we listen and provide advice on the pro 's and con 's of each plan . And we allow you to decide and move forward at your own pace . All this is done by phone and email . You never have to get out of your pajama 's and get to pick the plan that best suits your needs and budget .


Input: How To Shop For Medicare Supplemental Insurance?

Output: When shopping for Medicare Supplement do not just go by rates . Many agents will tell you that all plans are the same and the only difference is rates , and that is true . However , I have seen many companies go in to an area with rates that are low , only to raise the rates by 30 % or more the following year . Unless you like changing plans every year and you know your health will always be good , this is not necessarily the best way to go . Look for a company that is competitive , but that has a good history of rate increases , generally less than 10 % . Every agent is getting solicited by companies wanting them to sell their now lowest rate plan . Find a good local agent who has been around for a while . I personally like the AARP Med Sup . It is competitive and has an excellent rate history . It also uses community rating versus attained age rating . With attained age , which most companies use , you pay a low rate at first but every year you can count on a rate increase just because you got older , in addition to the rate increase the company has . With community rating , the rates are equaled over the ages so that you pay a little more at 65 for example but when you are 85 your rates will be lower than if you went with an attained age company . Also look for an agent that also does Medicare Advantage and Prescription Drug plans . He will be able to help you decide which would be to your best advantage .


Input: Why Do I Pay So Much For Car Insurance?

Output: That 's really a personal question . Your rate for auto insurance is determined by many factors . Some of those factors are your motor vehicle record , your claims history , your age , your geographic location , themake/model and year of the vehicle you are insuring , the number of vehicles on the policy , the number of drivers on the policy , and many other factors . If you believe that you are paying too much for your coverage call around and see what other carriers in your area have to offer , but remember that you get what you pay for sometimes .


Input: Why Do I Pay So Much For Car Insurance?

Output: If you want to know the real cost of auto insurance , go without . When you are in an accident , pay the victims out of your pocket , repair the other parties vehicle and yours and then deal with the lawsuits that will follow for lost wages , permanent injuries etc. . Even the best driver can be involved in a collision that is why they are called , accidents .


Input: What Does A Fixed Annuity Cost?

Output: In short , it depends on the size of the annuity -LRB- how much you want to put it in -RRB- . If you want to buy an immediate annuity , you 're paying a sum of money to the insurance company in one payment and you 're done - you start receiving annuity payments immediately . If you want to buy a deferred annuity , you are paying premiums to the carrier throughout a given number of periods - you start receiving annuity payments at a future point in time . The advantage being that the monies put into the annuity grow tax-deferred . What you get out of the annuity will vary a lot as well because each carrier that offers annuities will offer different interest rates so one company may offer a large payout to you than another even though you 're putting in the same amount of money either way . This is where an independent annuity broker comes in handy because they can work with you on a personal level , compare options from multiple carriers to see which will offer you the best payout , and get your annuity set up - plus , brokers do not charge fees for their services so you can only help yourself . I hope the information is helpful - please feel free to contact me for assistance and if you have any further questions . Thanks very much .


Input: How Does Guaranteed Universal Life Insurance Work?

Output: How does Guaranteed Universal Life work ? Just like level term . Think of it as lifetime level term . With term insurance you pay a premium every month and you have coverage . With GUL you pay the premium every month and you have coverage . The GUL rider on a polcy states that as long as the premium is paid and the policy values remain untouched the company will pay a death claim out to the age chosen by the insured . It could be to age 90 , 100 , 110 , 121 or until passing . The big thing with a GUL vs. a Level term policy is cash values . With level term the insured does not see the cash values generated by the level term policy during it 's level premium run . With level term you overpay early to underpay later and this keeps the premium constant . Same with GUL except now you can ` touch '' the money inside the policy . This is a bad thing if you want the guarantee to remain in place . You simply do not want to mess with your GUL beyond paying your monthly premium every month . GUL is NOT a saving plan ... it is Lifetime TERM , or at least , it should be treated that way .


Input: How Does Guaranteed Universal Life Insurance Work?

Output: Guaranteed Universal Life insurance -LRB- GUL -RRB- is universal life insurance that guarantees that the policy will not lapse when consistently paying a specific premium that is guaranteed to not go up . The guaranteed no lapse period can often be chosen . E.g. you might choose the policy not to lapse to your age 90 , or to be safe , to your age 120 . The guaranteed premium is based on what it would take to keep that policy in effect that long at the minimum guaranteed interest rate , and the maximum COI -LRB- cost of insurance -RRB- .


Input: Do I Need Medigap If I Have Medicare Advantage?

Output: You are not allowed to have both a Medigap and Medicare Advantage plan . Even if you were , you do n't need both . When you enroll in a Medicare Advantage plan you are essentially in a privatized Medicare plan . Your claims are handled by the insurance carrier . Claims are filed with the carrier , not Medicare . Any issues you have are handled by your carrier . If you have original Medicare , you should consider a Medigap plan to limit your out of pocket exposure . In this arrangement your provider files the claim for you with Medicare who adjudicates the claim then sends it on to your Medigap carrier .


Input: What Is A 1035 Exchange From Life Insurance To An Annuity?

Output: A 1035 exchange is an IRS code section that allows a tax free transfer of cash vales from one annuity policy to another annuity policy or a life insurance policy to an annuity policy . This is also an opportunity to transfer basis in a policy as well for future use . You can not use section 1035 to transfer cash values from an annuity policy to a life insurance policy .


Input: What Is A 1035 Exchange From Life Insurance To An Annuity?

Output: To put it simply , it is a means of rolling the cash value of a life insurance policy into an annuity directly by the companies involved rather than filling out surrender forms , waiting for the check to arrive , and then placing the funds into the new contract . Keep in mind that when you do this you are losing your life insurance . Make sure it is truly to your advantage and not just the advantage of the person trying to sell you an annuity . Be very careful when replacing life insurance .


Input: How Do You Become Eligible For Medicare?

Output: Most people become eligible for Medicare at age 65 but there are some situations where someone under 65 can receive Medicare , as well . 1 -RRB- If you have a disability and have been receiving SSDI for more than 24 months , you will automatically be enrolled in Medicare in the 25th month . 2 -RRB- If you have been diagnosed with End Stage Renal Disease , are on kidney dialysis or had a kidney transplant , and a number of other qualifying factors , you are eligible to receive Medicare . Speak to a representative for details as there are many qualifications involved . 3 -RRB- You have ALS and have enrolled for SSDI . Note : Railroad workers will have some different stipulations . For all of the above , contact Social Security at 800-772-1213 for accurate and up to date information .


Input: How Do You Become Eligible For Medicare?

Output: Medicare , is , of course , a federal program for legal US citizens . To be eligible , you must be age 65 and paid taxes for at least 10 years . You also must be a legal citizen of the US and lived here for at least five years . When you become eligible for Medicare , there is an Open Enrollment when you will not have to answer any medical questions to qualify for various options .


Input: Does Renters Insurance Cover The House?

Output: If you are renting a house , the renters insurance that you purchase may cover damage to the house for which you are held liable under the liabnilty protection portion of your policy . For example , if say you use a faulty extension cord that is found to be the cause of a fire which damages the house , then your loiability coverage wil be used to pay for those damages . Remember to be sure to have enough liability protection ion your renters ' poplicy . Most folks focus on having enough presonal property coverage to protect the things they own . Remember that if you do anything to damage your rental home or unit , you are responsible for the repair of those damages .


Input: Does Renters Insurance Cover The House?

Output: Renters insurance will not typically cover the building structure that you are renting . This type of insurance typically provides liablity coverage , coverage for your personal property , and some loss of use coverage . Please remember every policy is different . Please read your policy completely to understand the coverage porvided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Can Life Insurance Policies Be Contested?

Output: Life insurance has a two year contestable period after which it is extremely difficult for life insurance policies to be contested . Even during the first two years , the insurance company can only deny coverage for material misstatements -LRB- information that was withheld from , or misstated on , the application that is serious enough that it would have caused the policy to be altered or denied -RRB- . Other things that might cause a life insurance policy to be contested are questions as to whether the policy was in force at the time of death , or death as the result of suspicious circumstances -LRB- e.g.suspected suicide in the first two years , or murder of the insured by a beneficiary -RRB- . Most life insurance policies will never be contested because death will occur after the two year period . For those that are contested , very few ever result in the death benefit not being paid .


Input: Can Life Insurance Policies Be Contested?

Output: Yes , there is a two year contestable period on life insurance policies . If death occurs during this time , the insurance company will review medical records closely before paying the claim . Some simplified issue companies have a history of not paying claims on a high percent of contestable claims . A small number of companies actually release to the public the percent of contestable claims that they paid last year . As you would expect , those companies pay the highest % of them .


Input: What Exactly Does Medicare Supplement F Cover?

Output: Medicare Supplemental Plan F covers 100 % of what Medicare does n't cover . Keep in mind , when you have Supplemental -LRB- AKA Medigap -RRB- Plans , Medicare is your primary insurance provider . For medically necessary procedures , Medicare Parts A -LRB- Hospital -RRB- and B -LRB- Doctors -RRB- provides good coverage , but still leaves folks on Medicare with a lot of out of pocket exposure . The Plan F pays for everything that Medicare does n't pay . However , if Medicare determines that the medical procedure you received was n't medically necessary , they wo n't pay anything nor will the Supplement Plan -LRB- regardless of who you get your supplemental plan with -RRB- .


Input: What Exactly Does Medicare Supplement F Cover?

Output: Medicare Supplement F -LRB- Medigap -RRB- covers -LRB- among other things -RRB- Part A Coinsurance and Hospital costs up to 365 days after Medicare benefits run out . Part B coinsurance and copay are covered along with the first three pints of blood used . The Part A Hospice Care Copay or Coinsurance is covered along with Skilled Nursing Facility Coinsurance . There are many additional benefits that can be reviewed with an experienced broker .


Input: What Does The Letter On My Medicare Card Mean?

Output: The letter on your Medicare card signifies the category that is qualifying you to receive Social Security benefits . The letters are a code to let Medicare know if you qualified for your benefits based on your own work history and taxes , whether you are eligible due to Medicare because you were disabled , or a number of other reasons .


Input: Is A Roth Ira A Tax Deferred Retirement Plan?

Output: Most Roth IRAs are deferred plans . There is a special IRS code for retirement plans that are funded with after-tax dollars . This is the description of a Roth IRA . The money that you put into the account has already been taxed so it is not taxed in the future . The interest on the money is not taxed either . When you withdraw funds from a Roth IRA , those funds will come to you income tax free if you meet certain conditions . It is not a short term plan . It requires patience but it is a well-guarded secret .


Input: Is A Roth Ira A Tax Deferred Retirement Plan?

Output: A Roth IRA is a tax deferred retirement plan and can generate tax free income . It is not tax deductible , but most middle class Americans are in a low federal and state tax bracket , so Roth IRAs may be a great alternative to tax deductible retirement plans .


Input: What Is The Penalty For Not Having Car Insurance In California?

Output: If you get pulled over and fail to show proof of insurance when it is requested , you can be fined up to $ 800 . If you get into an accident and do not have insurance , you can have your license suspended , your car impounded and be fined . Be sure to obey the law and get insurance or some other form of Evidence of Financial Responsibility .


Input: What Is The Penalty For Not Having Car Insurance In California?

Output: The fine in California for not having auto insurance is $ 796.00 . However I have seen cases where the judge has increased the fine up to $ 1500.00 depending on if you are a repeat offender . Also you license can be suspended for not having insurance . If you get into an accident with no insurance your license WILL BE SUSPENDED for up to one year for not having insurance and your car most likely will be impounded . Not only that . If you are at - fault in an accident with no insurance I hope you can afford an attorney . Not having auto insurance in California is taken very seriously .


Input: How Much Life Insurance Does A Stay At Home Mom Need?

Output: Do you have children ? Do you have a mortgage ? Do you have any income ? Are you planning on insuring yourself , while a spouse works and insures himself ? Do the kids need to pay for college ? These are all factors . If you are married , then what would it take to replace your services to your husband and kids , meaning for child care , cleaning , food preparation , and the things a spouse might have to otherwise pay for ? Typically the amount for such a situation is in the area of $ 300K . Thank you . GARY LANE .


Input: How Much Life Insurance Does A Stay At Home Mom Need?

Output: This is a very relevant question because there is not a black-and-white answer to it . Lets suppose you have a family where mom does stay at home with the kids . Tragically , she dies . What is the best possible thing that can happen with these kids ? Really , its for dad to stay home with them . Theyve already lost mom . They are going to need their dad more than they ever have . He is THE parent . Dad may want to keep working and hire a Mary Poppins-type nanny , but that is the second best solution by far . He really should stay home from work to the greatest extent possible and just connect and bond and nurture and comfort these kids through what may be the most devastating occurrence in their life . Obviously , he will need money to be able to afford to stay home . That is what I think is the number one function of life insurance on a stay-at-home mom . This is a hard sell to insurance companies these days , because they keep thinking in terms of percentage of the wager earners coverage , and on and on . But if I get a couple who really want dad to stay home if the family does lose mom , I fight hard to get them a policy to make that happen .


Input: How Much Life Insurance Does A Stay At Home Mom Need?

Output: Most carriers will only issue a policy for a face amount equal to or less than the amount of coverage you have on your spouse . So you 've got to think about how much coverage your spouse has , what debts you need/want paid off , do you need it for income replacement , . etc. . Many people think that if their spouse does not produce an income , then they do not need coverage . This is the wrong way to look at it . Just because a spouse may be a stay-at-home mom or dad , does n't mean they do n't need coverage . In many homes , a stay-at-home spouse often maintains the house , the yard , buys the groceries , cooks , etc. . If the spouse passed away , would you do these tasks ? Or would you pay to have someone else do them ? Are you going to do them yourself ? All of these factor into the decisions . In short , while a stay-at-home spouse may not generate income , he/she may greatly reduce personal expenses . How much does that total up to over a given number of years ? It 's helpful to consult with an experienced broker who can help you determine how much coverage is suitable to your needs and budget . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: How Much Life Insurance Does A Stay At Home Mom Need?

Output: Most insurance companies will perform whats called a `` needs analysis '' to gauge how much your family and or surviving children would need in the event of your death . A good place to start is to add up your total outstanding financial obligations , whether it be a car loan , or credit card debt . Then , look at how much you make per year multiplied by the amount of years until your youngest child for example turns 18 . Factor in college tuition and living expenses . This is only a recommendation , an official needs analysis would need to be done to determine the exact amount needed for survivors .


Input: How Much Life Insurance Does A Stay At Home Mom Need?

Output: There is not a simple answer to this because it will depend on many factors including what the household income is , what the life insurance is intended to cover , etc. . Generally speaking , the average client will need somewhere between 300 to 500K in life insurance just to be properly insured , but it varies greatly between individuals . The best thing to do is contact a local independent agent and have them look over your situation to come up with a plan that best suits your needs . A good independent agent will be able to get you the correct coverage at a reasonable price as they work with many companies and not just one which is always the best way to go .


Input: How Much Life Insurance Does A Stay At Home Mom Need?

Output: It 's going to depend on what you want to protect with that coverage . Factors such as age of the kids , overall debt to the family and new costs that come with having somebody do the things the stay at home does . While there are many formulas I have always started with the concept of what puts the family at zero debt if somebody dies . Then I add for new costs and services with this situation like childcare . Again with any `` how much '' question , there is no one answer , just yours .


Input: Where Can I Get Health Insurance In Georgia?

Output: Several carriers write major medical insurance in Georgia , including Aetna , Blue Cross , Humana , Cigna , Kaiser and United . Each carrier has their strong points and weaknesses . Some offer plans that do not cover brand Rx or will only cover generics and a few brand name drugs . Currently -LRB- 2013 -RRB- there are no plans that include maternity benefits , and no carriers that offer child only coverage . I suggest you talk to a local agent that is familiar with several carriers and can explain the benefit of each .


Input: How Much Does A Life Insurance Wholesaler Make?

Output: A wholesaler with good work ethic andorganizationalskills with a large life insurance company in the brokerage market should be making $ 120,000 - $ 150,000 minimum with the potential to make upwards of $ 250,000 .


Input: What Is Flexible Life Insurance?

Output: Flexible Life Insurance is the old moniker for universal life -LRB- UL -RRB- . The adjective flexible was applied to UL because you could alter the premium and the death benefit within the parameters of the product line . That flexible was a consumer draw in light of the static and unalterable whole life insurance policy .


Input: What Is Flexible Life Insurance?

Output: Usually this refers to a Universal Life Policy . A Universal Life policy is flexible in that you can vary your premium payments and death benefit . It is difficult to explain completely in this format , but essential with a UL you can skip payments -LRB- provided there is cash value in the policy -RRB- , you can put more in or put less into the policy . Some people with a UL will put a portion of their Tax Refund into their policy each year , for example . This helps the cash value of the policy grow at a tax favored competitive rate of interest . You can also decrease your death benefit if you do not need as much insurance or if your health is good you can increase the death benefit .


Input: What Is Flexible Life Insurance?

Output: Flexible premium life insurance comes in many flavors . It is a type of permanent life insurance , a variation of what has long been called `` whole life '' because the policy remains in effect until you die as long as you pay premiums , or there is enough cash reserve to continue the planned premiums .


Input: What Is The Blackout Period In Life Insurance?

Output: There is no blackout period in life insurance . The term , `` blackout period '' refers to the period of time when a widow or widower are left without income because they can not draw on their deceased spouse 's Social Security benefits -LRB- due to their children no longer being dependents , and the surviving spouse not yet old enough to draw on their own Social Security -RRB- . Some survivors use life insurance proceeds as income during this time .


Input: What Is The Blackout Period In Life Insurance?

Output: There is no such term as a `` blackout period '' as it pertains to life insurance . The period you may be referring to is the contestability period . The contestability period is the first two years a life insurance policy is put into force . During this period of time , if the insured was to die , the insurance company can investigate the cause of death for misrepresentation , suicide or prudent care . This is common on ll life insurance companies policies .


Input: What Is Good Homeowners Insurance?

Output: A good homeowners policy will protect you and your home . I would recommend a policy that has replacement cost , liability protection and depending where you live you might need earthquake , flood , mechanical breakdown and coverage for water back up . So a good homeowners policy has a variety of coverage options and you should seek a good Independent Agent .


Input: Does Homeowners Insurance Cover Pest Removal?

Output: The short answer is no in most situations . Almost all homeowners insurance policies provide an exclusion for vermin -LRB- which would include bugs and animals -RRB- . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Is The Federal Employee Retirement Plan?

Output: The is the federal employees retirement system for federal government employees . Most of these plans are defined benefit retirement plans , but some offer defined contribution plans , which are becoming more popular . Federal pensions are under current scrutiny .


Input: Does Kentucky Tax Life Insurance Benefits?

Output: Kentucky does not charge income tax on life insurance benefits if they are left to a person , rather than the estate . If life insurance goes through probate , it will be taxed . Life insurance benefits are charged Kentucky inheritance taxes , with varying degrees of exemptions given to different types of heirs . They are also subject to federal estate taxes if of a sufficient amount , and in the estate of the last remaining spouse .


Input: Is Long Term Care Insurance Benefits Taxable?

Output: Payments of long-term care claims by an insurance company are generally not taxable as regular income . However , the policy title page must clearly state that the policy is a `` tax-qualified long-term care insurance policy '' or `` TQ '' . Some carriers still sell `` non-tax-qualified '' long-term care policies -LRB- NTQ -RRB- in which the benefits may be taxable as regular income . The reasoning is that NTQ policies are more generous in qualifying someone to go on claim and that other policy features may provide a broader range of care . Whether those attributes would offset the possible taxation of the benefit is debatable . Most long-term care policies today are `` TQ '' .


Input: How Is Life Insurance Used In Estate Planning?

Output: Life insurance provides cash at the time of death . Estate planning involves distributing assets at the time of death . Often the estate needs liquidity so that key assets do not have to be sold to pay debtors or taxes . In other cases , the business should pass to one heir and yet the parents might want to provide equally for other heirs . There are as many problems as there are families and life insurance can solve many estate problems .


Input: How Is Life Insurance Used In Estate Planning?

Output: Financial Planning is a process that provides a client with impartial assistance in analyzing and organizing personal financial affairs in order to achieve financial and lifestyle goals in a tax effective manner . Estate Planning is Financial Planning starting with the end in mind . The principal objective of estate planning is to ensure that your property is managed most efficiently during your lifetime and that your wishes are carried out most effectively after you die . Life insurance can be used in numerous ways to help you achieve your estate planning objectives . In fact , there are too many to be completely covered here , so I will provide a few examples to give an overview . Life insurance can be used to create an estate -LRB- wealth -RRB- : - Cash at death to retire your debts - Leave your survivors with a home - An income for your family - An emergency fund - An education fund - and more Life insurance can be used to conserve an estate : - Cash at death to pay the tax and estate fees and avoid a bargain estate sale . An example would be that bills are due at death and your assets are in bricks and mortar . In order to generate cash , your heirs may have to sell at a loss to pay taxes and other bills . - Cash at death to provide for favourite charity . - Cash at death for estate equalization , you want to give a fixed asset to one heir and to be fair , provide cash to another . - Business life insurance to protect an important asset . There are a number of additional strategies available that use life insurance to conserve or increase the value of your estate and to provide you with living benefits as well . It all depends on your individual objectives . There is additional information on Estate Planning on my website www.jpw.ca If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: How Is Life Insurance Used In Estate Planning?

Output: Estate planning is preparing how your estate will be distributed and minimizing/paying off applicable estate taxes upon your death . Life insurance can be used to pay the estate taxes . A common course of action people take to minimize the estate taxes they will be subject to is creating an irrevocable life insurance trust -LRB- ILIT -RRB- . An ILIT is a legal document set up to distribute life insurance proceeds in a specific manner , depending on how the trust is designed . These trusts receive special tax consideration from the IRS that is not given to life insurance policies that would otherwise be owned by a natural person or revocable trust . Since the trust is irrevocable , the terms of the trust can not be changed . An ILIT can offer many substantial advantages to protect life insurance proceeds and help you distribute your property to your children at the least possible cost . The IRS code permits a unified tax credit to pass a certain value of property without having to pay a tax . When you exceed that value -LRB- a taxable estate -RRB- , a massive tax is applied that must be paid within 9 months of death . If the decedent is single , the tax is due accordingly . If the decedent is married , the tax is due after the second death -LRB- death of the spouse -RRB- . So the question becomes , would you rather pay the estate tax with 100 % of your own money -LRB- with after-tax dollars -RRB- or would you rather pay only a fraction of the tax and use someone else 's money to pay the rest -LRB- the insurance company -RRB- . If you want the latter , you can purchase a life insurance policy . The type of policy you should set up will depend on the specific circumstances , but for many situations it will usually be a survivorship universal life policy if the proceeds are to be used for estate tax purposes . Any life insurance policy you buy will require the same premium whether you put the policy in the trust or keep it outside of the trust . If you put the policy in the trust , the death benefit is not included in the calculation of the size of the estate - a substantial tax savings and key advantage in the estate planning process . If you keep the policy outside of the trust -LRB- e.g. , as owned by a natural person or a revocable trust -RRB- , the proceeds will be included in calculating the size of the estate you may inadvertently increase the size of the estate , and be subject to paying much higher estate taxes before any of the property can be distributed to your children or other beneficiaries . Consult with an experienced life insurance broker to discuss the available courses of action to set up a sound plan . Please feel free to contact me for help . Thanks very much .


Input: How Is Life Insurance Used In Estate Planning?

Output: That is an excellent question ! The best things about life insurance when it comes to estate planning are that first , it is n't taxable . It is an excellent way of transferring wealth without paying taxes . Second , it is usually not held up in probate , and therefore the funds are released to the beneficiary without any issues . That said , if your estate is a large one , you may need to put some thought into how the policy is structured , to avoid potential problems . Please consult an attorney , financial planner , or tax advisor , and your agent to be certain of the best route for you . Thanks for asking !


Input: How Is Life Insurance Used In Estate Planning?

Output: Estate planning is the process used to distribute or dispose of one 's estate before and/or after one 's death . Life insurance is a financial product that pays out at death . Therefore , life insurance is good fit for estate planning . Some things that people look for in estate planning are simplicity , minimizing taxes , the ability to have control over their assets , contingencies for if they are incapacitated , and above all , the ability to pass their wealth on to whom they desire . Life insurance normally passes income tax free to the beneficiary of one 's choice , and once the policy is in place , there is little to nothing that has to be done to maintain it . Only the owner of the policy can change it . Therefore , life insurance meets many of the criteria that people look for when planning the disposal or transfer of their estate .


Input: How To Qualify For Long Term Disability Insurance?

Output: To qualify for Long Term Disability Insurance , you must earn an income and be of favorable enough health that you can qualify medically for the Disability Insurance policy . There are also some age guidelines . The process of qualifying includes filling out an application and taking an exam , just as you would if applying for life insurance . Once the underwriting review is complete , the premium is set , the policy is issued , and you put it into effect by paying the first premium .


Input: How To Qualify For Long Term Disability Insurance?

Output: Along with what Peggy said , please note that for some carriers you can get what 's called Simplified Underwriting . That means , if you fall under a certain age -LRB- usually 50 -RRB- , you can get up a certain amount of coverage without having to go through medical underwriting or without having to submit financial documents . Some carriers offer as much as $ 6,000 a month . They will , however , run a script check and obtain any medical records if necessary .


Input: Will Renters Insurance Cover My Iphone?

Output: Renters insurance is designed to cover sudden and accidental losses of named perils . Examples of named perils are fire , theft , lightning and vandalism . Your iPhone is considered personal property and would be covered by named perils on the policy . Check your deductible before filing a claim because the standard deductible is $ 500 so it may not make sense to file a claim .


Input: How To Get Life Insurance After Being Denied?

Output: You can still get life insurance . Which plan will depend on the reason for denial . There are some plans that do not ask if you have ever been denied insurance . If you can answer the rest of the health questions with a no answer you can get the insurance . I have a couple plans that ask no health questions at all . Just because you are denied insurance by one company does not mean you can not get insurance through another .


Input: How To Get Life Insurance After Being Denied?

Output: You can always buy life insurance , the real question is what you will pay for it . Most life companies look at your age , sex , smoking status and health issues when deciding whether to insure you or not . They can often charge a `` rating '' -LRB- a premium surcharge -RRB- for specific health problems . Some insurance companies haveguaranteedissue policies that ask no health questions but are expensive . Some companies offer a graded death benefit policy that pays you an increasing death benefit the longer you own the policy . Usually in the first year or two they will return your premiums paid plus interest . Then they will pay an increasing amount of the death benefit purchased until they reach 100 % of the face amount requested -LRB- generally with in 5-10 years -RRB- . There are two other possible options to look for if you are denied insurance . 1 . -RRB- Are you working ? Does the company that you work for have a life insurance plan they offer to their employees ? If not , would they be willing to look into one for the company ? 2 . -RRB- Remember Life insurance is a cash benefit payable to your beneficiary . You may elect to invest a monthly sum that you can afford into a deferred annuity . -LRB- simply put an annuity is a way to accumulate money for future goals -RRB- . Of course , the longer you can contribute the more will be payable at your death .


Input: How To Get Life Insurance After Being Denied?

Output: You probably get solicitations in the mail all the time , or see ads on TV saying `` you can not be turned down '' . While it is true there are some `` guaranteed issue '' life insurance plans , they are quite expensive when you compare the premium to the death benefit . A special risk agent can probably save you some money and let you know if you qualify for a medically underwritten plan .


Input: Who Started Medicare Advantage?

Output: The federal government started Medicare Advantage . In 1997 , the Balanced Budget Act gave Medicare recipients the option of receiving their benefits through private health plans , called `` Medicare + Choice '' or Medicare `` Part C. '' The named changed to Medicare Advantage when the Medicare Prescription Drug , Improvement and Modernization Act of 2003 added prescription drug coverage to Part C .


Input: What The Difference Between Medigap And Medicare Advantage?

Output: Medigap and Medicare Advantage are as different as apples and oranges . Medigap , also known as Medicare supplement , is designed to work in conjunction with original Medicare . Your original Medicare plan has no networks but does have deductibles and coinsurance that can leave you owing several thousand dollars . Medicare Advantage -LRB- formerly known as Medicare Part C -RRB- is a privately managed Medicare benefit offered by insurance carriers . With Medicare Advantage plans you have network providers , lower premiums than Medigap , and significantly higher out of pocket .


Input: How Much Home Insurance Should You Have?

Output: All home insurance carriers have replacement cost estimators designed to calculate replacement value of a home in the event of a catastrophe . Carriers do n't look at purchase price , appraised value or taxable value when calculating replacement cost . Often I have a customer tell me that their home is n't worth what we have it insured for or they could rebuilt it for less money . But they rarely factor the cost of replacing a home after a catastrophe when material and labor costs skyrocket .


Input: Does Renters Insurance Cover Stolen Jewelry?

Output: Most renters insurance provides some limited coverage for jewelry within the policy . Normally the amount of coverage provided by the policy is subject to the policy 's deductible . If you have a piece of jewelry that is valued at five hundred dollars or more you should talk to your agent aboout having that piece scheduled on an endorsement on the policy to provide the coverage that you need .


Input: Which Life Insurance Premiums Are Tax Deductible?

Output: Many premiums of insurance policies are tax deductible as a business expense . Life Insurance , disability insurance but deductions will have to be repaid , health . insurance only if used for medical expenses , and more pertaining to business expense only . Employers who take out insurance on the employees or as a group will receive the tax break but the beneficiaries will receive the benefits tax free .


Input: Can You Get Car Insurance Over The Internet?

Output: You can purchase car insurance on the internet . In fact , online auto insurance sales has been increasing every year . There are any experienced online brokers -LRB- such as myself -RRB- that offer the lowest available prices from top-rated companies . High-risk and preferred drivers can obtain very low rates by shopping the right way !


Input: Can You Get Car Insurance Over The Internet?

Output: Great question ! It is certainly possible to get quotes , and even sign up for insurance over the internet . I would n't advise it though , and here 's why : Any decision that you make that will have to do with protecting your family or finances should be made with someone that you can see face to face , and discuss your thoughts and concerns with . A live agent will care for your needs in ways that an impersonal internet can not . And the agent does n't cost you even a penny more than the internet does . Thanks for asking !


Input: Can You Get Car Insurance Over The Internet?

Output: I believe you can purchase auto insurance over the internet in most states . While that may seem convenient it is the same system that will adjust a claim when you have an accident . The most critical issue is that the setting the limits will be entirely up to you . When you have a claim and find that your limits are inadequate , any savings you realized will feel like a major expense . There are times in our lives when we really want to talk to someone , which is often difficult with a website .


Input: How To Decide How Much Renters Insurance To Get?

Output: To decide how much renters insurance to get you should sit down and do an inventory of everything you have that you would have to replace if there was a flood or fire . Be sure and figure the replacement cost of the property you own and not what you think it is worth . Also be sure and stipulate that you want a replacement value policy .


Input: What Is American General Life And Accident Insurance Company?

Output: American General Life and Accident Insurance Company -LRB- AGLA -RRB- merged with American General Life Insurance Company -LRB- AGL -RRB- on January 1 , 2013 . At this time , no policies are issued by American General Life and Accident Insurance Company . American General life insurance products , accidental death policies , and annuities are now all written under the American General Life Insurance Company -LRB- AGL -RRB- .


Input: How Much Is A Medicare Levy Surcharge?

Output: If you are a senior with a high income you will pay a surcharge in addition to your Medicare Part B premium . The penalty you pay varies depending on your income from two years prior . In 2013 your total Part B premium could range from $ 147 to $ 386 monthly .


Input: Will Insurance Cover Me If I Rent A Car From My Brother?

Output: Are you renting your brother 's pickup for personal or business purpose ? If for personal use , your policy will be excess based to your brother policy . For example , if there is an accident , your brother 's policy will go first and if limits are exhausted , your insurance will provide coverage on the top of your brother 's policy limits . If you rent the truck for the business purpose , make sure you have Hired/Non-Owned coverage endorsement on your business liability coverage or commercial auto policy . This coverage usually runs at $ 100 - $ 200 per year and provide a great deal of coverage for cars you borrow , rent or hire to use in business . You can compare personal and business liability and auto insurance quotes on WEBSITELINK


Input: Will Insurance Cover Me If I Rent A Car From My Brother?

Output: Your auto insurance policy will typically provide you with liability coverage when you are driving a vehicle other than your own . It will not however typically provide any physical damage coverage for the vehicle . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Is A Retirement Plan Sponsored By An Employer?

Output: Generally an employer sponsored qualified retirement plan under ERISA -LRB- Employee Retirement Income Security Act of 1974 . -RRB- can be a defined benefit or contribution plan . Most employer sponsored plans today are defined contributions plans like a 401 -LRB- k -RRB- that permits pretax contributions , tax deferral accumulations and distributions taxed as ordinary income .


Input: What Is A Retirement Plan Sponsored By An Employer?

Output: An employer sponsored retirement plan is a benefit of employment . It is designed to encourage loyalty among employees . This might be done with contributions on the part of the employer or may only be the facility for providing a place where employees can save for their own retirement . There can be a wide variety of plans available .


Input: Why Is Term Life Insurance The Best Type?

Output: Term Life Insurance is not the best type of life insurance for every situation . We get regular calls from people who thought they would only need life insurance for a temporary period of time . However , now they are thinking ahead to their final years , and worried about where the money will come from to bury them . If the need is not permanent , however , Term Life Insurance is best for its relatively low price tag .


Input: Why Is Term Life Insurance The Best Type?

Output: I ca n't say term life insurance is the best type of life insurance . It really depends on a person 's unique situation as to which type of life insurance is the best . Term life fills a specific need such as to create an instant estate at the untimely death of a primary wage earner or stay at home mother to replace income , payoff debt or educate children . I recommend meeting with an experienced independent life insurance broker to not only shop the market for you but determine which life insurance product you need to solve your unique issues .


Input: Does Obamacare Take From Medicare?

Output: Obamacare decreases funding for Medicare by more than $ 700 billion between now and 2020 . The cuts will be used to fund rebates for those under age 65 who either do not have insurance now or will be purchasing health insurance through the health insurance exchange -LRB- now called the marketplace -RRB- . The subsidies are for low income individuals .


Input: Can Annuities Be Inherited?

Output: Most definately yes that is one of the main strengths of annuities is the easy money transfers to the beneficiary . You have complete piece of mind that your heirs will inherit your money . This in many cases does away with potential probate courts and its cost . They can be changed should one of yours heirs passes before you .