Input: What Is A Declaration Page For Renters Insurance?

Output: A `` Declarations Page '' in any insurance policy is simply the page in the policy that states what the insurance company is insuring and what benefits will payable if the insured incurs a loss and also covers details like `` what if the insured causes the loss due to negligence ' and a life insurance policy in most cases will state in the case of `` suicide '' the policy will not pay


Input: How To Reimburse Employees For Health Insurance?

Output: This has been a controversial area for several years as I presume you are asking about how to reimburse employees for the cost of individual health insurance . There had been a lot of activity which was embraced by a number of employers in past years to reimburse their employees for the cost of individual health insurance through the use of a Health Reimbursement Account -LRB- HRA -RRB- and making it a deductible business expense no different than an employer contribution to a group health insurance plan . In early 2013 the DOL and IRS issued statements that virtually every benefits professional recognized as being definitive in stating that this practice was not allowed . If an employer does not want to offer a group health insurance plan but wants to assist their employees in purchasing individual health insurance then the only practical way to do this appears to be by grossing up their pay by some amount . Of course , this is no different than giving the employees a pay raise from a tax perspective because that is exactly what you are doing . Also , this well intentioned action by the employer may have the unintended consequence of reducing or eliminating the amount of the Advanced Premium Tax subsidy that the employees might qualify for in the government health insurance marketplaces . But it is now clear than any employer support for employees purchasing their own health insurance can only be done on a post-tax basis . Depending upon a given group 's circumstances this may be a viable option to consider and is being done by some employers . This is an approach that needs to be handled with care and you should seek guidance regarding the applicability of this approach to your company 's specific situation . If you would like to learn more please feel free to contact me .


Input: How To Get Life Insurance For Your Parents?

Output: To get life insurance for your parents , start by asking them if it is OK to take out a policy on them , or for you to help them get a policy on themselves . Then gather their information : height , weight , any medications they take , any health problems they have now or in the past . Call a broker who carries Senior Life Insurance and find your best price and type of policy . If for final expense purposes , you will need permanent insurance , or the policy could end before it is needed and then be impossible to get a new one . Your parents will need to sign the application and possibly complete a phone interview . If getting a large policy over $ 50,000 they will probably need to take a free exam done in their home . Once approved , either you or they can pay the premiums . Paying the first premium will put it into effect . And that takes care of it .


Input: Who Should Have Long Term Care Insurance?

Output: You should have long term care insurance before you enter retirement , generally before age 60 . If your family has a predisposition for a specific disease of a health history for needing nursing home care , you should consider securing it as soon as possible . We 're living longer and the need for assisted living at home is more than likely a reasonable future for most .


Input: Who Should Have Long Term Care Insurance?

Output: Those who should have long term care are those with considerable assets to protect or those who want to make their own choices about their long term care . Having long term care insurance pays for the cost of daily care , so that you do not have to liquidate savings and investments to pay for it . Most policies now pay the benefit to you so that you can spend it to hire a relative to care for you in home , hire a caregiver so that you can stay in your independent living residence , or all sorts of options .


Input: Who Can Be Trustee Of Irrevocable Life Insurance Trust?

Output: If it is the insured person 's estate who you are trying to protect , the insured person can not be trustee of an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- . Any power to administer or change the trust is considered incidences of ownership , and thus defeats the purpose of the trust -LRB- which is to transfer ownership of the life insurance from the estate to the trust for tax purposes -RRB- . If it is a survivorship policy with your spouse , your spouse can not be trustee , either . In fact , if your spouse is beneficiary of the trust and is name trustee , your spouse needs to have a co-trustee for distribution of discretionary funds , It may be better to name a professional as trustee of the trust , although technically almost anyone can do it , with the exceptions noted above .


Input: Can I Get My 401K Now?

Output: Can you get your 401k now ? In most cases the answer is yes , but the question is should you ? Cashing in your 401k plan prior to age 591/2 -LRB- unless you take a series of annuity like payments -RRB- subjects you to a 10 % penalty along with making any funds taxable as income . The other thing to think about with a question like this is if you cash out your retirement early , what will you have later ?


Input: What Should I Pay For Long Term Care Insurance?

Output: It depends on gender , age , smoking status , health condition and whether you use two lives on one policy . A 60 year old male and female , both nonsmokers and in good health can secure an excellent long term care policy for both for $ 300 a month for a base policy .


Input: Does AARP Have Homeowners Insurance?

Output: AARP is not an insurance company , However The Hartford offers discounts to AARP members on both home and auto insurance . The Hartford has been in business for over 200 years and is a highly reputable insurance company . Just to note : not all Hartford agents are authorized to offer AARP discounts . AARP qualified agents must go though certain training and be approved before being able to offer The Hartford 's AARP product . You should easily be able to do a web search to find a local agent who can offer Hartford 's AARP product . I myself am an AARP authorized agent in the state of California .


Input: Can I Get Life Insurance If I Have Ulcerative Colitis?

Output: Yes , you can get life insurance while having ulcerative colitis . If you want over $ 25,000 of coverage , the insurance company will most likely order medical records . They will check to see if your condition is stable and mild to moderate , which should qualify you for a policy . Recent flare ups , surgeries , certain prescriptions , or complications such as liver disease could cause you to be postponed or declined for a traditional policy . However , there are simplified or guaranteed issue policies that most people with ulcerative colitis can get . Contact an agency that specializes in life insurance for persons with IBD and Crohn 's disease to find the best life insurance options for persons with ulcerative colitis .


Input: Can I Get Medicare Before Age 65?

Output: It is possible to get Medicare before age 65 in some circumstances . Unfortunately , opting to take Social Security benefits before age 65 does NOT entitle you to Medicare benefits . Likewise , if your spouse is under age 65 when you retire , they are not eligible for Medicare until they turn age 65 . An alternate form of medical insurance must be secured for the interim , in those situations . Medicare can be obtained before age 65 if the patient has End Stage Renal Disease or ALS , within parameters . Persons who are on Social Security Disability for two years can also receive Medicare under age 65 .


Input: Why Is Health Insurance So Expensive In New York?

Output: This question was asked before implementation of the Affordable Care Act , but the answer highlights important features of the new law : coverage for preexisting conditions , and the mandate to purchase . Health insurance in NY was expensive because laws required insurers to issue policies regardless of health . Healthy people were not required to purchase a policy . Eventually only the sickest people enrolled in the plans , forcing premiums very high . The Affordable Care Act includes a mandate for health people to purchase coverage . It remains to be seen if the penalty for being uninsured is stiff enough to avoid what happened in NY .


Input: What Is Full Coverage Auto Insurance?

Output: If you have a loan on your vehicle your loan provider will typically require you to have full coverage on the vehicle until the loan amount is satisfied . The loan provider will also typically request that you have a deductible level of no greater than $ 1000 for collision and other than collision -LRB- comprehensive -RRB- .


Input: What Is Full Coverage Auto Insurance?

Output: `` Full coverage '' means that your policy includes both physical damage coverage for your car and liability coverage to protect you if sued as a result of an accident that you cause . Physical damage is both Comprehensive and Collision . Collision is the more narrowly defined . That is coverage for your car caused by collision with another car , a stationary object or a human being . Comprehensive covers damage for just about everything else-fire , theft , vandalism , hit by a fallen tree , if you hit an animal etc. .


Input: What Is Car Insurance Full Coverage?

Output: When full coverage is discussed in respect to automobile insuance coverage it typically includes : liability , property damage , medical expense , comprehensive -LRB- other than collision -RRB- , collision , towing , and rental car reimbusement . Comprehensive -LRB- other than collision -RRB- and collision coverage typically have a deductible -LRB- this is the portion that the insured is responsible forbefore the insurnace carrier pays their part ofany claim .


Input: Is It Ok To Have Two Health Insurances?

Output: There is no law preventing you from having two health insurance plans . Most people find that one plan is sufficient . Of this group the majority pay more in premiums than they receive back in benefits , so having two plans is very difficult to cost justify . Sometimes people with chronic medical conditions find having two plans make sense . But even in this group it makes sense only when employers are paying the majority of the premium . The second plan will only pick up and pay on the left over expenses : deductibles , co payments , or co insurance .


Input: Do Georgia Employers Have To Offer Health Insurance?

Output: Unlike omst parts of the Affordable Care Act , if you are employed by a business with less than 50 full time employees , your employer has the option of offering coverage , but not is not mandated to do so . The health law does not require businesses with fewer than 50 employees to offer health insurance to their workers . Small Employers wanting to offer coverage to employees may do so using the SHOP exchange , which is meant to help small business owners find affordable coverage . The government offers certainincentives in the form oftax credits and deductions to encourage employers with fewer than 25 employees who set up coverage through SHOP and help pay for it . Currently in Georgia , the only way to sign up for a SHOP plan is to go see an agent , broker or insurance company and fill out the paperwork . Online enrollment is scheduled to be available during next fall 's open enrollment period , starting November 15 , 2014 .


Input: Does USAA Renters Insurance Cover Jewelry?

Output: USAA renters insurance policies cover jewelry . However , like most renters coverage , there will be specific limits and exclusions regarding how much would be paid on a claim . With many policies , you can add riders to broaden your coverage or specifically schedule items of jewelry . Yourpersonalbroker or an experienced broker can review with you how to best cover any jewelry you have .


Input: How Does One Get Medicare?

Output: The main way to qualify for Medicare is to be turning 65 year sold . You can complete the application process as early as age 64 and 9 months . Many individuals will qualify for premium-free Part A - you have the option of signing up for Part B as well , however , Part B requires a monthly premium . If you 're under 65 , you may be eligible for Medicare if you 're on disability -LRB- and have been for at least 24 months -RRB- or have end-stage renal disease -LRB- ESRD -RRB- . You can enroll in Medicare Part A -LRB- and Part B as well -RRB- online through the social security administration website , ssa.gov . Part A & Part B are referred to as Original Medicare . Original Medicare covers approximately 80 % of expenses and both parts feature a deductible that you 're resopnsible for paying -LRB- in addition to the other 20 % of remaining expenses -RRB- . I would recommend adding a Medicare supplement -LRB- Medigap -RRB- plan to cover the other expenses - these are sold through private insurance companies . Plan F is the most comprehensive , but if your doctor accepts Medicare and assignment , you may want to look at a plan N as well . The major advantage of adding a Medigap plan when you sign up for Medicare Part B is that you have a 6-month open enrollment period where you ca n't be turned down for a plan -LRB- no medical underwriting -RRB- and it helps create a predictable expense structure for your health care .


Input: Does Renters Insurance Cover Water Damage From Rain?

Output: The damage to the building its self would be covered b y the owner of the building but the damage to your belonging should be covered under your renters policy . Less your deductible . Unless it is exclude on your policy there should be converge for this type of damage . Read through your exclusions or talk to your agent or your carrier They should be able to tell you what is excluded .


Input: Can Disability Insurance Cover Maternity Leave?

Output: Short Term Disability Insurance offered by an employer can cover maternity leave . There is a normally a requirement that you need to have worked for that employer some time before becoming pregnant in order to be eligible for this benefit . Private Short Term Disability Insurance , unfortunately , does not cover maternity leave . Long Term Disability , both group and private , will cover disabling complications of pregnancy or delivery .


Input: Can You Get Life Insurance With Lupus?

Output: Yes , you can almost always get life insurance while having lupus . If your lupus is severe enough to cause kidney damage , anemia , pleurisy , pericarditis , or brain dysfunction , you will most likely need to take a simplified or guaranteed issue policy . If it is mild , you can get medically underwritten life insurance at reasonable rates .


Input: How Much Is Average Life Insurance?

Output: The average cost of life insurance varies so much that it is impossible to state a meaningful figure . What is average for a 20 year old male is a far cry of what is average for an 80 year old male . Those two persons generally do n't even need the same face amounts or purchase the same type of policies . To find the average cost of Term Life Insurance for a relatively healthy person , you can use quote engines on websites that will show that . Better yet is to call the website or a local agency , and discuss your health and the type of policy you want . If they have several companies that will cover you with the same type of policy , that is a good way to see an average price of what life insurance would cost for you .


Input: Does Health Insurance Cover A Tubal Reversal?

Output: Reversal of voluntary sterilization such as tubal ligation or vasectomy is not a covered expense under most health insurance plans . Health insurance is designed for things that are deemed medically necessary and surgery to reverse a tubal ligation is performed for reasons other than to correct a medical condition . Your answer is no .


Input: Which Insurance Company Is The Cheapest For Auto?

Output: The cheapest auto policy is the one that pays your claim to maximum extent possible . That means that the policy is in force and has adequate limits . You can choose reduced coverage and suffer a great expense at the time of claim . You want to be restored and back on the road as quickly as possible . That is the definition of a cheap auto policy .


Input: Does Home Insurance Cover Sinkholes?

Output: It is important to know that your Homeowners Insurance probably does not cover damage to the house caused by sinkholes unless you have discussed this optional coverage with your Insurance Professional and added the endorsement onto your policy . Damage caused by earth movement of any kind is a common exclusion in most standard Homeowners policies .


Input: Does Homeowners Insurance Cover Water Heater Replacement?

Output: If your asking can homeowners insurance cover your water heater because it wore out then the answer is no . Insurance polices are not maintenance polices and do not cover wear and tear . Some insurance polices do an option for mechanical breakdown at an extra premium but again , even this extension of coverage would not cover just plain old wearing out .


Input: Does Medicare Cover A Nursing Home?

Output: Medicare coverage for Nursing Home is limited to Skilled Care for 100 days after a qualifying hospital stay of 3 days not counting day of discharge . Medicare was never designed for long term nursing home stays . To qualify as skilled care the patient must have been admitted to the nursing home for the same issue he was in the hospital , he must be able to improve with therapy , and the stay must be approved by Medicare .


Input: Does Home Insurance Cover Leaking Windows?

Output: Homeowners insurance policies vary a lot so the only way to find out for sure is to file a claim . With that said the general guideline is that it depends on what caused the leaking . If it was caused by an unexpected event such as a windstorm or a tree hitting the house then you probably are covered , if the windows have just gotten old and started leaking over time , then this is probably not covered because of the normal wear and tear exclusion .


Input: Does Home Insurance Cover Leaking Windows?

Output: A homeowners policy covers damage that is the result of a specified peril . The most commonly covered perils are fire , wind and hail but there are many additional perils covered in modern policies . If those types of incidents caused the windows to leak then there will probably be adequate coverage .


Input: Does My US Car Insurance Cover Driving In Europe?

Output: United States Auto insurance onlycoversthe United States , it 's territories and Canada . In order to operate a vehicle in Europe you would have to purchase coverage there as Europe does not recognize US insurance . Also the US insurance carriers have no recourse in the event of a law suit in a country outside their jurisdiction . Man US insurance carriers do cover you into Mexico but I recommend if entering Mexico you purchase Mexican Insurance as it is illegal in Mexico to drive without Mexican Insurance .


Input: Can You Borrow From Your Retirement Plan?

Output: Most qualified plans have borrowing provisions for plan participants . There is usually an interest charge as well as a payback schedule . Borrowing money fro your plan may restrict your ability to transfer funds to another plan or termination of your plan until it 's paid off . Tapping your retirement plan should be the last source of money you look to .


Input: Can You Borrow From Your Retirement Plan?

Output: Can you borrow from your retirement plan ? Well , it will depend on your plan as it has to be written into the plan design . The question becomes why would you ? When you borrow from your plan you are removing money from the earning stream of your retirement account . That money borrowed no longer earns a return until repaid .


Input: How Much Does A Medicare Supplement Plan Cost?

Output: The cost or monthly premium of a Medicare Supplement Plan can vary widely depending on what state you live in , how old you are and your smoking status . In some cases what part of the state you live in will vary the cost of a Medicare Supplement Plan . It also depends on which plan you want . All Medicare Supplement Plans will have a letter -LRB- i.e. Plan F , Plan J , Plan G and so on -RRB- and any plan that does not have a letter is not a Medicare Supplement . The best way to find out what a Medicare Supplement Plan would cost you is to run a quote on our website at SummitMedigap.com . You will be able to compare Medicare Supplement Plans instantly online . We can also help answer all of your questions and help you decide on the best plan for your specific needs . You can also reach us at 1-888-407-8664 .


Input: What Is The Difference Between Life Insurance And Critical Illness Cover?

Output: Life insurance covers against the loss incurred upon the death of an individual . Dying is the triggering event that makes the insurer pay a claim . Critical illness insurance covers against the loss incurred by a major medical condition like stroke , heart attack , or cancer . The triggering event is the illness . The insurer pays a claim to help cover the costs associated with the illness .


Input: What Is The Difference Between Life Insurance And Critical Illness Cover?

Output: Life insurance pays a lump sum to a beneficiary upon the death of the insured . A critical illness policy pays the insured upon the diagnosis of a critical illness . Although different in nature critical illness policies are often written on a life insurance chassis allowing the money to be paid out upon the diagnosis of a covered critical illness and if the insured dies from the critical illness it will pay the benefit , or some portion of , to an assigned beneficiary .


Input: Will My Renters Insurance Cover My Dog?

Output: Will assume that you are referring to damage done by your dog . If he or she damages your property , there is probably no coverage . However , if the dog tears into the property of others , there would probably be coverage . However , there is a limit to the amount of liability coverage provided .


Input: Will My Renters Insurance Cover My Dog?

Output: That is a great question ! You will need to check with your agent for the specifics of your policy , but typically renters insurance policies have a limited amount of coverage they will provide . For injury to , or the death ofyour dog , there is n't coverage , unfortunately . If your dog does damage to your apartment , or your belongings , again there is no coverage . If your dog bites someone , there may be some coverage , depending upon the type of dog you have . Some companies will not insure certain breeds that are deemed to be aggressive . You will really need to ask your agent to know for sure . Thanks for asking !


Input: Will My Renters Insurance Cover My Dog?

Output: As was said by my colleague , it is always best to talk to your Insurance Professional about the terms and conditions of your policy . But unless there is some coverage limitation or exclusion in your policy based upon having a dog or a specific breed of dog , then if your dog happens to bite another person or another person 's pet , the liability portion of your renters ' policy will cover you for any legal liability you may have .


Input: What Are Deferred Annuities Best Suited For?

Output: What are deferred annuities best suited for ? The challenge with this question is that the term deferred annuity has at least two `` definitions '' . I will describe two scenarios and if your question is not answered , please do not hesitate to contact me . A deferred annuity can refer to exchanging a lump sum for a guaranteed income at a point in the future . In this situation , a deferred annuity would be suited for someone who wanted a guaranteed flow of income with no management responsibilities . A life annuity may or may not include a guaranteed payout . There are different options , so ask your insurance agent for details . In addition to the income amount , taxation during the the deferral period and of the income flow should be considered . In Canada , a deferred annuity can also refer to Guaranteed Investment Annuities -LRB- GIA -RRB- and Segregated Funds -LRB- variable annuities -RRB- . Both of these are issued by insurance companies and offer the option of an annuity in the future . Since they are issued by insurance companies , they also offer guarantees not offered by other institutions for non-registered investments . These include potential creditor protection and estate planning opportunities , such as bypassing probate . Segregated funds are similar to mutual funds , but they offer maturity and death guarantees . In addition , some segregated funds include the `` locking in '' of gains . Depending on your individual situation , there could also be some tax advantages to these plans . These type of deferred annuities are best suited for individuals who are looking for , and would benefit from , the additional features and guarantees . This is an overview of a potentially complex subject . 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 . It will be the same in your community . If you have further questions , or feel that I could be of assistance please do not hesitate to contact me .


Input: How Does Disability Insurance Protect You?

Output: How does Disability Insurance protect you ? By protecting your INCOME . Unless we are fortunate enough to have a partner who makes enough to support our lifestyles , most of us would undergo substantial hardship by losing our source of income due to a disability . Even short term disabilities can quickly deplete the reserves some of us have stashed away for emergencies . Long Term or permanent disabilities can be devastating to even high income earners . Having Disability Insurance does not provide you with 100 % of your original salary , but can replace approx 70 % of it so that you at least have some time to regroup and evaluate your employment and lifestyle situation . It may be possible to live on 70 % of your income , even indefinitely . It is not possible to live with no income at all . That is the protection Disability Insurance provides .


Input: How Does Disability Insurance Protect You?

Output: Disability Insurance Protect You in the event that you are injured or become sick to the extent that you can no longer perform your work duties . In reality , disability insurance is paycheck protection . Social Security disability benefits can help , but not significantly . Employer sponsored group benefits may have short term disability that can supplement your cash reserves or your emergency money . Disability insurance can protect up to 60 % of your compensation with tax free benefits . If you qualify as a business , you may be able to deductible the premium cost and cover up to 80 % of your compensation , but taxable .


Input: When Do I Enroll In Medicare?

Output: You enroll in Medicare when you decide to retire and/or if your employer tells you they will not cover you on their group plan after age 65 . When you turn 65 you automatically get Part A . If you will remain on a company group plan then it 's best to postpone Part B until you decide to retire . If your benefits department tells you they do not offer benefits once you turn 65 then you would get both Medicare Part A & B . You should also look into a Medicare Supplement Plan at the same time because Part A & B only will cover about 80 % . You can start reviewing your options 6 months out so you will have plenty of time to make a decision . Medicare along with a Medicare Supplement Plan is actually great insurance . Most people find that the benefits are equal to or greater than what you had with your company group plan . If you pay for your group benefits or are on an individual/family policy you may even save money when you go onto Medicare with a supplement .


Input: When Do I Enroll In Medicare?

Output: Medicare Insurance covers American employees when they retire . It begins at age 65 and once you are 643/4 years old you can begin the process of enrolling . Medicare comes in two parts ; Part A covers medical insurance and Part B covers doctor charges . In addition you can have Part D for prescriptions .


Input: When Do I Enroll In Medicare?

Output: You can enroll in Medicare 3 months prior to your 65th birthday and the month of birthday plus 3 months after your 65th birthday . This is referred to as your `` initial enrollment '' and a company can not ask you any health questions and they can not turn you down or rate your policy because of any health issues . It is important for all individuals to be mindful if your budget can stand the expense of a medicare supplement plus a prescription drug plan then you may be well advised to not enroll in a Medicare Advantage Plan because if you do and then you want to come back to original medicare for you to obtain at medicare supplement policy you will be subject to underwriting and if you have conditions that are unacceptable then you will not be able to get a medicare supplement policy . Also I hope everyone is aware that if you fail to enroll in a Part D plan there is a penalty for late enrollment


Input: I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when?

Output: If the only conversion option your policy offers is Whole Life , the rate is probably going to be quite a bit higher than if you take out a new , no lapse , Universal Life policy . However , when you convert Term Life , you are rated the same on your Whole Life that you were rated on your Term policy . So if your health has declined , you may be getting a good deal by converting . If it has not declined , I personally would check out a new policy to see how much you can save . As to when to convert , it depends on several factors . 1 . HOW MUCH you want to convert . If you want to convert it all , it may be a good idea to do it now , while rates are lower . They will go up quite a bit over the next 10 years . 2 . YOUR HEALTH . If you have very poor health , you may just want to pay those low Term rates another 10 years . If you have excellent health , it might be a good time to convert or look at what else you can get in a permanent policy . 3 . WILL YOU NEED LIFE INSURANCE after age 60 ? By the time you are 60 you should have a good idea of whether you will need that much coverage . You have some time to get a feel for how your retirement is going to pan out before you make this big decision . You can not reverse it and go back to Term , once you have converted your policy . Please feel free to contact me to help you ascertain what prices are out there for you , or help you figure out what direction to go . Best wishes .


Input: I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when?

Output: Hahah ! I like Brandi Jo 's answer above best ! But the answer to your question , `` Should I convert to Whole Life and When ? '' depends on a number of things . Will you be retiring at 60 or are you retired now ? How much liquidity do you have now ? Will you have a need for insurance when you turn 60 ? So the answer to your question depends on your goals and needs for insurance . You should talk with an insurance adviser . Personally I think you should 've started with Whole Life , but that not being the case if you are going to convert your term policy you should do it immediately .


Input: I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when?

Output: Yes . Yesterday . Call me . I can get you a policy that will give you cash in retirement tax free . Also increase your retirement income by at least 30 % . Whole Life policies allow you to spend everything else you 've saved for retirement and then give you protection against inflation and volatility .


Input: I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when?

Output: That is an excellent question ! I think it is great that you are on top of your insurance situation . I 'd advise you to call your agent , and ask about the ability to convert your policy . Make sure that your policy will allow it ; and if so , how much coverage it would give you . Then look at whether that is enough coverage . If not , then you will want to think about adding some additional coverage , either in another term policy , or some additional whole life , depending upon your budget . I do not recommend by any stretch to renew it , as it will get very expensive very quickly . If you need help , please feel free to contact me , okay - I 'm happy to help . Thank you for asking !


Input: I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when?

Output: If your current term policy has the option to `` convert '' to a permanent life insurance policy , the advantage of converting now is that you can get a lower premium than you could at age 60 . Either way , you should not have to re-qualify for coverage under your current policy conversion . Insurance companies often have limitations as to the type of policy you can convert to and you need to find out exactly what type of policy they would allow you to convert to and make sure it fits your needs . It is a good idea to check out other offerings from other insurance companies as well - you never know when a fresh start could get you a better `` fit '' for moving forward with permanent life insurance . Of course , you would have to qualify for a new policy with another company , but it costs you nothing to check it out .


Input: I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when?

Output: The term `` convert '' usually means an internal replacement to a permanent policy . While many carriers do not offer a whole life policy , you will be able to convert into a universal policy with certain guarantees depending upon the conditions of your term contract . That said , your decision should be based on your need , financial situation and other factors . If conversion makes sense for you , I would do it sooner than later , especially if your current carrier allows conversion into any of their current permanent products . If not , and your health is acceptable , consider purchase of a permanent product from another company . This and other questions about conversion should be asked to your current agent and discussed fully with your proposed beneficiaries to make sure of the best decision on your part .


Input: I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when?

Output: If you are sure that you will die prior to your age 60 , dont do anything . If you suspect you might live past age 60 you will need to ask yourself a few questions . Will you have needs that will last the balance of your life ? These would probably be money to cover final expenses and a cushion to offset any lost income that would result if you died and your spouse would have a reduction in benefit . If you have a permanent need , you need a permanent policy .


Input: When Does Life Insurance End?

Output: Term Life Insurance ends when you quit paying on it . If you forget a payment , if your address or bank account changes and premiums go unpaid , or if you purposefully stop paying on a Term policy , the insurance company will give you one month to make that payment up . After the one month grace period is over , you must prove your health qiualifies to have the policy reinstated . If the level part of a Term policy is over -LRB- e.g. you are entering year 11 of a 10 year Term policy -RRB- , the policy will either automatically renew at an extremely high price , or the company will send you a letter telling you the new higher price and you must choose if you want it to renew at that price . From then on , the premium can go up annually . Most people do quit paying their Term Life Insurance and let it end at that point . Whole or Universal Life can be `` paid up '' for life , in which case all the premiums have been made and the policy will not end -LRB- as long as it was properly set up , there are no unpaid loans , etc -RRB- . Otherwise , permanent insurance will end when the payer quits paying premiums and there is not enough cash value to pay them . `


Input: What Does Travelers Renters Insurance Cover?

Output: Travelers Insurance Company has an excellent renters insurance policy . The Form HO-4 covers Personal Property and Personal Liability Insurance for the tenant -LRB- insured -RRB- . Renters Insurance is a very valuable coverage because it no only offers protection against damage to your personal property but also protection against negligence and personal liability cases that may be brought against you . One valuable example is if there is fire , smoke or water damage to the rented home or apartment unit , the property owner 's insurance company will most likely attempt to collect damages from the tenant if they can prove negligence . In this case , Renters Insurance will provide the legal representation to handle the situation although the policy limit will apply . If you are not sure and do n't really want to commit to purchase renters insurance but may or may not be required to according to your lease agreement , the best way to generate the lowest annual premium is to select the minimum personal property coverage available , the lowest limit of personal liability and the highest available deductible for the policy . There is a link providing an online format to obtain a quote and buy renters insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: What Does Travelers Renters Insurance Cover?

Output: -- > Normal 0 While I have no intention to question a colleague , Im not sure I would place a Travelers Tenants policy in the Excellent column , good , maybe , but certainly not excellent . The Travelers tenant homeowners policy covers your personal property but limits that coverage to specific named perils . In my opinion , an excellent tenant homeowners policy would cover any direct damage -LRB- except for specific exclusions and limitations -RRB- . The basic Travelers tenants policy covers the insured for the Actual Cash Value of their property . An excellent policy would cover the full replacement cost of covered property , new for old . The Travelers tenant homeowners policy , like many others , covers your personal property but limits theft coverage on Jewelry , Furs or Silver to , I believe , $ 1000 . An excellent policy would have either no limitations or the limits would be no less than $ 5000 in the aggregate for each category . The Travelers liability coverage excludes , as do most other tenants policies , property damage to property in the insureds care , custody or control . Generally that would include property damage to the apartment you are living in . This exclusion would not apply to Fire or Smoke damage but I dont believe water damage to the apartment you rent would be covered by the basic policy . Securing coverage for accidental damage to the apartment they are living in may be a very important coverage for most apartment renters . Obtaining a waiver from your landlord for any damage covered by the landlords insurance may be the best and most economical alternative . If buying coverage on-line or face to face from a local broker , I suggest these questions be raised and addressed .


Input: Will Auto Insurance Cover Mechanical Repairs?

Output: If you have an endorsement on your policy that covers towing and roadside assistance then there is a possibility that a repair may be covered . Towing and roadside assistance coverage is typically very limited though . I would suggest reading your policy completely to understand the coverage offered and the exclusions contained within or contact your local agent to have them go over the policy with you .


Input: Can Term Life Insurance Premiums Increase?

Output: If you have a Term Life Insurance policy where the premiums are not guaranteed , they could possibly increase . Sometimes level term is called that due to the level face amount , with the possibility that premiums could increase after x number of years . Some term policies are called guaranteed , but the company just means that the premium wo n't go up unless it goes up for the whole group -LRB- which can be several times per year -RRB- . And all term policies have a big jump in premiums after the guaranteed period ends .


Input: Can Term Life Insurance Premiums Increase?

Output: There are different types of term life insurance . Annual renewable term is a step up or increasing premium . Guaranteed level term life insurance offers a stable premium throughout the guaranteed period : 5 , 10 , 15 , 20 and 30 years . After the guaranteed period , the premiums increase . If you convert your term life insurance to permanent life insurance the premiums will also increase .


Input: Why Do Employers Offer Life Insurance?

Output: Employers can offer life insurance to employees and their families as a benefit . This helps attract good employees . Some people can not get reasonably priced life insurance in other ways , so it can be a valuable enticement . Employers can also deduct the premiums they pay for the first $ 50,000 of group coverage .


Input: Why Do Employers Offer Life Insurance?

Output: Employers offer extra benefits above salary as a way to attract people to come work for their company . In the case of life insurance , the employer will pay for a portion -LRB- or all -RRB- of the cost for the insurance . Some employers will provide up to $ 50,000 of life insurance coverage , others may base it on your income level -LRB- e.g. 1x income , 1.5 x income , 2x income , etc. -RRB- . It 's important to note that with group life insurance , if you leave the company or are terminated , you lose the coverage . This is why it 's good to also supplement the group coverage with an individual life insurance policy . Individual policies go with you regardless of where you work . 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: Why Do Employers Offer Life Insurance?

Output: Employers providing some life insurance for their employees goes back well over a century when working conditions were often more hazardous and the workforce was overwhelmingly male . The death of an employee who was often the sole bread winner for his family would leave the spouse and/or children saddled with funeral expenses and a loss of income . Such situations were often viewed as harming the morale of other employees and reducing productivity as co-workers would often be taking time to raise money to assist the family of their late co-worker . It was also not uncommon for the family of the deceased employee to turn to the former employer requesting financial assistance which obviously put the employer in an uncomfortable situation . Term life insurance was an inexpensive way for the employer to address this employee need while enhancing employee loyalty and morale and avoiding workplace disruption . Since then the provision of employee life insurance became institutionalized as employee benefit plans became the norm . In fact , for many years it was not uncommon industry practice for the group 's health insurance carrier to require the bundled sale of some term life insurance when they implemented coverage for an employer group -LRB- a practice that has since been discontinued -RRB- . As such , employer 's providing life insurance for their employees has been a mix of employer 's looking out for their employees and their families , protecting their own self-interests , tradition and industry practices . Term life insurance still remains one of the least expensive benefits an employer can provide to their employees that often has the most emotional impact when it is actually needed .


Input: Why Do Employers Offer Life Insurance?

Output: There are a few reasons for an employer offering life insurance to their employees . One good benefits help attract and retain good employees . Employee training is one of the most expensive tasks employers must do , so turnover is costly . Group life insurance benefits are among the most affordable benefits on the market . One of the best reasons I know is according to LIMRA 70 % of hard working Americans admit if they died today , their family would be in financial trouble because of being uninsured or underinsured . It is just good business .


Input: What Is Long Term Care Insurance Program?

Output: The Long Term Care Insurance Program you may be referring to is the Federal Long Term Care Insurance Program . It is a program that provides group long term care insurance to federal employees , US Postal Service employees and annuitants , active and retired members of the uniformed services , and their qualified relatives .


Input: What Kind Of Health Insurance Does The Military Have?

Output: Active military and National Guard are covered by TRICARE , a health care program for service members and their families around the world . TRICARE is the major part of the Military Health System , a system that utilizes combined resources of military hospitals and clinics with civilian health care networks , as well as a combination of different coverage options depending on where the person is currently stationed . TRICARE coverage does meet the requirements for having minimum essential benefits as called for under the Affordable Care Act .


Input: What Is Ipa Health Insurance?

Output: An IPA is an `` Independent Practice Association '' ... a group or association of doctors within a geographic region . So if you have a health plan through a specific IPA , it 's an HMO in that you receive all your care within that IPA and you generally have a PCP -LRB- primary care physician -RRB- . If you pick an IPA , make sure you 're happy with your primary doctor -LRB- although you can change primaries -RRB- and be sure there are lots of speciliasts in the group , PLUS ... check the list of hospitals in the IPA to be sure you 're comfortable with those that are included .


Input: What Type Of Home Care Does Medicare Cover?

Output: Medicare is very limited on what it will pay for home care or any other type of long term care . Medicare will only pay for skilled care after a hospitalization of three days not counting day of admission . It will pay for an Occupational or Speech Therapist , a nurse , and other very limited services in the home on a very temporary basis . Do not rely on Medicare for your Long Term Care needs .


Input: What Is Covered With Disability Insurance?

Output: What is covered with Disability Insurance ? Your income . Disability insurance is paycheck insurance driven by a simple definition `` the ability to work at your own occupation . '' Does n't matter if you get sick or hurt while covered . The other aspect of good disabilty insurance is you 're still covered even if you can only work half time or in a limited way that reduces your income .


Input: What Is Covered With Disability Insurance?

Output: Full coverage disability covers accidents on and off the worksite . It also covers periods of sickness . It can also cover specific vocational skill sets like a medical doctor who also is a plastic surgeon under owner occupation terms of the disability policy . Some disability policies have certain nuances in their policy definitions that could be unique to your situation .


Input: Can You Drop A Dependent From My Health Insurance?

Output: You can easily drop a dependent from your exiting policy by contacting the carrier and requesting they come off . You should however have a back up plan to keep the dependent insured without a gap in coverage . With different family dynamics , it 's common to drop one child off of a plan for various reasons .


Input: How Does Supplemental Life Insurance Work?

Output: Yes , supplemental life insurance works . Where it is different is in cost , underwriting and portability . First the easiest thing to comprehend about premium pricing is the more questions the cheaper the cost . Fewer questions asked ? the higher the premium . Cost usually on supplemental life is more expensive because they ask fewer questions -LRB- underwriting -RRB- of the insured . IF you are of reasonable good health , it usually better cost wise and policy wise to seek an individual policy where your good health is rewarded by a lower cost to you .


Input: Will Medicare Help Pay For Lift Chair?

Output: I believe Medicare can help pay for a lift chair , if there 's a medical necessity -LRB- for those with severe hip or knee arthritis , or a neuromuscular disease , and can not get up from a seated position to stand on their own -RRB- , as a type of durable medical equipment -LRB- DME -RRB- under your Medicare Part B insurance . Part B would pay 80 % of the cost and you would be responsible for the remaining 20 % . I 'd recommend calling Medicare to get more specific input .


Input: How To Claim A Life Insurance Policy?

Output: Each insurance company has there own process however they are similar to each other . You will have to ask for a claim request form . A local agent should be able to help . You will also need the death certificate showing cause of death . Once verified , the insurance company should release the death benefit within a few days . Be sure to follow up through the process .


Input: What Does Medicare As Secondary Cover?

Output: Having two health insurance programs generally happens when a person is eligible/signed up for Medicare Part A -LRB- premium-free -RRB- , but is still working and has group health insurance coverage through their employer . When this happens and the group coverage pays first and Medicare pays second , the group coverage will pay its share and whatever the balance is will go through the Medicare 's claims department - Medicare will pay their share up to the Medicare-approved amount . You will be responsible for paying any remaining balance after that . Most of the time if you 're paying for Medicare Part B , you 're not going to be paying for group coverage as well - you would either have group coverage + Medicare Part A or Medicare Part A + Part B . If you 're on Medicare Parts A & B , I highly recommend adding a Medicare supplement -LRB- Medigap -RRB- policy to help cover the gaps in coverage provided by Original Medicare -LRB- Parts A & B -RRB- .


Input: Can Roommates Share Renters Insurance?

Output: Most renters policies identify a primary insured . A secondary insured -LRB- roommate -RRB- can also be named . The payment for the policy can be handled any way that the customers desire . There are certain legal privileges extended to the primary insured .


Input: Does Medicare Part A Cover Ambulance Service?

Output: Ambulance services would be covered under Medicare Part B , not Part A - the ambulance services would be covered in emergency situations and other means of transportation are unavailable/endanger the health of the individual.The ambulance must take you to the nearest medical facility -LRB- generally a hospital -RRB- that can provide you care . In some instances , you may be able to get covered ambulance transportation in a non-emergency situation if you meet certain conditions -LRB- e.g. your doctor deems its medically necessary , traveling to a medical facility by other means would put your health at risk - you may want to check with Medicare to get full specifics on what conditions are required to be covered in a non-emergency setting where transportation by ambulance is needed -RRB- . Please feel free to contact me if you have any otherquestions . Thanks very much .


Input: How Much Is It For Life Insurance?

Output: How much life insurance costs depends on a number of factors including your age , health , smoking status , `` dangerous '' hobbies , etc. . There are many online quoting services where you can check out the rates for different types of insurance . For your specific needs , working with a independent insurance broker , who has access to several companies can help you get the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . .


Input: How Much Is It For Life Insurance?

Output: Life insurance costs vary according the age and health of the applicant -LRB- among other factors -RRB- , and also according to what type of life insurance policy you purchase . If you just want something that will last a few years and not build up any cash value , the cost of the policy will be much less than if you want to use the policy as a source of cash and protection until death . Discussing your options with a licensed agent will help you determine what type of policy or policies to get , and what the cost will be .


Input: When Is The Next Open Enrollment For Medicare?

Output: The next open enrollment for Medicare is October 15 to December 7 , 2013 . This is the fall open enrollment for 2014 . At this time you can change your Medicare plan , pick a new Medicare Advantage Plan , or pick a new drug plan . Call 800-MEDICARE for advice and information on what you would like to do during the next open enrollment period .


Input: What Is Dwelling Amount For Homeowners Insurance?

Output: The dwelling amount should be the dollar amount that home is covered for . This amount is what would be paid to rebuild your home in the event your home is deemed a total loss due to a covered loss . Remember every policy is different . Please read your policy completely to understand the coverage provided and the exclusions contained within . Or , you call your local agent and have them go over the policy with you .


Input: Which Short Term Health Insurance Is Best?

Output: Short-term health insurance is the cheapest type of medical coverage available to individuals and families . Rates are typically 40 % -75 % less than conventional coverage , although you can not receive a federal subsidy and temporary plans are not ACA-compliant . Also , pre-existing conditions are not covered . As an experienced broker , we help consumers with their short-term policy comparisons each day . Our top-rated websites allow customers to view rates in moments , and easily apply online for coverage . Comparing and finding the cheapest prices takes less than two minutes . Typically , within 24 hours , you are approved for a period of 1-12 months , depending on which time-period you selected . Often , UnitedHealthcare , Blue Cross and a few smaller carriers offer the most competitive rates . Underwriting is simple , consisting of a short application , but no physicals and few medical questions .


Input: What Happens To My Variable Annuity If I Die?

Output: All annuities are legal contracts . A feature of an annuity is that it designates a beneficiary . As an annuitant you select who any money owed you should be sent upon your death . Reviewing these designations is extremely important . If your beneficiary and contingent beneficiary predecease you , proceeds will then be paid into your estate and distributed by the probate court .


Input: What Happens To My Variable Annuity If I Die?

Output: That is a great question ! Depending upon how you set your annuity up at the beginning , your annuity will either continue paying your spouse , go to whomever you named as a beneficiary -LRB- or to your estate -RRB- , or to the company . If you chose lifetime payments , they stop when you do , and anything left in the account goes to the insurance company . If you chose income for a guaranteed period , it pays for that period , or until you pass , and the balance goes to your beneficiary . If you chose lifetime period certain , then the payments are guaranteed to last a certain number of years , even if you pass -LRB- the payments continue to your beneficiary -RRB- , and then stop at the end of the specified period . If you chose joint and survivor , the payments continue until you both have passed , and whatever is left goes to your beneficiaries . Complicated ? A little bit , that 's why a good agent or advisor is needed . I hope that helps , thanks for asking !


Input: What Does Basic Renters Insurance Cover?

Output: A renters policy is essentially a homeowners policy that does not cover the structure . It has two basic coverages , Property Coverage which is designed to make you `` whole '' -LRB- within the definitions of the policy -RRB- should you have a `` covered loss '' and suffer economic loss in excess of the deductibleas a result . It also covers personal liability for bodily injury or property damage that the renter is liable for by law .


Input: Is Long Term Care Insurance The Same As Life Insurance?

Output: Long Term Care Insurance pays for bills incurred by the extended need for health care and/or assistance when people become unable to take care of themselves due to chronic illness or advanced age . Long Term Care benefit payments are made to them while they are still alive , so that they can pay their medical/housing bills . Or the payments go directly to the providers of such care -LRB- usually , a nursing home -RRB- . When the insured person passes , the need for the coverage and the policy payments end . Life Insurance pays the death benefit when the insured person passes away The face amount of the Life Insurance policy is paid to the beneficiary rather than the Insured person . However , some life insurance policies do have riders or living benefits that allow part of the face amount to be used while the Insured is alive but terminally ill , unable to care for themselves , or a few other reasons . These hybrid policies can cover both purposes .


Input: Is Long Term Care Insurance The Same As Life Insurance?

Output: No , Long Term Care insurance is not Life insurance . And Life insurance is not Long Term Care insurance . Both are insurances but neither one is car insurance either . Each are insuring different events . Long Term Care insurance provides for money to help pay for care provisions in the event that the insured requires medical and or personal care for an extended period of time due to illness or injury resulting in their inability to perform certain tasks for themselves . Most life insurance companies now make available a provision or `` rider '' to Life Insurance Policies that will pay up to a large percentage of the death benefit for long term care . And generally speaking a LTC rider is a lot less costly that a stand-alone LTC policy .


Input: Is Long Term Care Insurance The Same As Life Insurance?

Output: No , they serve two different functions . That being said , some life insurance policies have available a long term care rider that will pay the premium or allow access to a percentage of the death benefit if a person is unable to perform certain activities of daily living and need some type care . These plans are relatively new and are becoming increasingly popular . While most are not quite as good as a true long term care policy , they do present a good option if traditional Long Term Care Insurance is not affordable .


Input: Can You Own A Car Without Insurance?

Output: You can , sure , but in most states , insurance of some sort is required in order to register it and drive it on public roads . Normally , states require a certain minimum level of liability coverage and proof there of in order to process a registration . Your insurance professional will be able to help you understand your state 's regulations .


Input: What Does A Retirement Plan Record Keeper Do?

Output: A Retirement Plan Record Keeper records the monthly allocations made to the individual accounts and enables the current values in the accounts and most importantly the IRS requires specific forms have to filed at the end of the year and the Retirement Plan Record Keeper files thoe required forms to assure that the IRS does not disqualify the Retirement Plan


Input: When Can I Enroll In Medigap?

Output: Most people will enroll in a Medigap -LRB- Medicare supplement -RRB- plan when they first become eligible for Medicare . Most carriers require you to have Medicare Part A and Part B in effect before they will issue a Medigap plan . Even if you buy a Medigap plan that does not require you to have Medicare Part B , your supplement plan will pay AS IF you had Part B.


Input: Why Are Life Insurance Claims Denied?

Output: Life insurance companies issue contracts . There are requirements for the company and there are requirements for the customer . If the customer commits suicide in the first couple of years most companies can , by contract , deny the death benefit . If there has been an attempt to defraud the company the claim can be denied . Very few claims are denied . Law suits often accompany a denial .


Input: Why Are Life Insurance Claims Denied?

Output: In addition to the excellent explanations offered by the other agents on this page , life insurance claims are sometimes denied due to the nature of the policy . If you purchase a graded policy , it will pay a reduced benefit for death due to natural causes during the first 1-4 years . With that type of policy , death due to accident will usually pay 100 % from day one . Sometimes accidental death is actually caused by a health condition -LRB- e.g. heart attack while driving a car -RRB- . When the claim is denied , it can come as a surprise because survivors were not aware that the policy was a graded during the first two years , and/or that the root cause of death was determined to be natural vs accidental . The same is true for people who think they are buying life insurance , when they are actually buying accidental death insurance . You need to be very careful about what type of policy you are getting so that your claim is not denied simply because you purchased the wrong type of policy . A final , common reason for denial of claims is late premium payments . In our office , we spend a lot of time each week reminding people whose policies have entered the grace period , that they need to pay their premium or lose their coverage . But many agencies due not send reminders , and it is easy to lose track of addresses , phone numbers , and email address of clients because people change those frequently in today 's society . At the very least , keep your address up to date with the insurance company so that you will receive any late notices and keep your policy in force for the time of need .


Input: Why Are Life Insurance Claims Denied?

Output: When a claim is denied , it 's usually because the death occurred within the first 2 years of the policy -LRB- known as the contestability period -RRB- and it 's discovered the applicant intentionally lied on the application to get the coverage or the insured person committed suicide . Once the contestability period expires , however death occurs , the policy will pay out a death benefit . Other situations where there may be a payout may be denied is if death occurred form an act of war or there was an exclusion rider on the policy -LRB- e.g. aviation exclusion for recreational pilots -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: Why Are Life Insurance Claims Denied?

Output: Life insurance claims are usually not denied , especially if the policy has been in force for over 2 years . If a policy has not been inforce for two years , a claim may be denied for a material misrepresentation of fact . Which means you did not disclose fully something that could have affected the underwriting of the policy . Not declaring you were a smoker for example . Or if death is by suicide the claim will be denied if within 2 years -LRB- In Canada -RRB- If the policy is over 2 years old the insurance company has to prove fraud which is difficult to prove . If the policy contains exclusion such as death while skydiving , no coverage for that event . If you have any further questions , or feel I could be of assistance , please do not hesitate to contact me .


Input: How To Hedge Variable Annuities?

Output: Fixed Indexed Annuities are a great hedge against inflation and a powerful bond substitute because they eliminate daily principal risk . Many newer fixed annuities provide an option linked to Gold which further hedges the risk of purchasing power being reduced as well which is an inherent risk of any annuity especially in the distribution phase .


Input: Who Benefits From Whole Life Insurance?

Output: There are multiple parties that benefit from whole life insurance . It benefits the insured because whole life insurance builds cash value and earns a guaranteed interest rate . It also helps the insured sleep well at night knowing that in the event of premature death , his beneficiary will receive a death benefit . The insured can also take a tax-free policy loan out of the cash value since whole life is one type of cash value accumulating life insurance . The most direct benefit of whole life insurance is the death benefit payable to the beneficiary tax-free upon death of the insured .


Input: Who Benefits From Whole Life Insurance?

Output: In addition to the wonderful answers given by Carl , I would add that people who are looking for permanent coverage also benefit from whole life insurance . Whole Life stays in effect for your `` whole life '' , whereas Term Life only stays in effect for a `` term '' of a your life . So anyone who wants to use their life insurance for funeral expenses , passing their inheritance to their children , giving to a charity , or other purposes that will not go away after a `` term '' of time , can benefit from Whole Life insurance .


Input: Who Benefits From Whole Life Insurance?

Output: We who purchase whole life insurance consider our beneficiaries as the ones who ultimately benefit . However , there is a vast pool of people who benefit . They are the other people the company insures because you shared youre their risk . Of course the company and its employees benefit for administering the policy . Ultimately the economy of the country benefits as mortgages are let , loans are made and people have money in retirement .


Input: Does Life Insurance Cover AD&D?

Output: Life insurance does cover the AD of AD&D , which is accidental death . It does not cover the final D , which is dismemberment , unless there are living benefits built into the policy , or perhaps by virtue of a critical illness or disability income rider . Life insurance without living benefits only pays out the face amount upon death , although money can be borrowed from the cash accumulation within Whole Life or Universal Life ,


Input: Does Life Insurance Cover AD&D?

Output: AD&D stands for accidental death and disability . All life insurance policies will cover accidental death and most cover all causes of death . Most life insurance policies do not cover disability . However with some you can take out a rider on the life policy to pay a benefit to pay in the event of you becoming disabled .


Input: Does Life Insurance Cover AD&D?

Output: A life insurance may have an Accidental Death Rider that would cover AD&D but not all policies have this rider . It will still pay for accidental death if it does not have this rider but not dismemberment -LRB- loss of limb , etc -RRB- . If you want Accidental Death and Dismemberment then make sure your policy has this rider or purchase a separate Accident policy .


Input: Is Birth Control Covered By Health Insurance?

Output: Great question , Contraceptives are normally covered by mayor medical , normally there is co-pay or cost involved . However to be totally sure , call your insurance company or take a look in your summary of benefits . You can normally get a summary of benefits booklet mailed or emailed to you from the insurance company .


Input: Is Globe Life Insurance Legit?

Output: Globe Life and Accident Insurance Company began in 1951 in Oklahoma City Oklahoma and is a subsidiary of Torchmark Corporation . The company has more than 66 billion in force . In 1972 , Globe Life created Employee Services Division to service the Government organizations . It is one of the largest direct to consumer insurance companies in the U.S. .


Input: How Does A SEP Retirement Plan Work?

Output: A simplified employee pension program is based on an IRA . However , since it is sponsored by the employer the limit for contributions is much higher -LRB- 25 % of compensation up to $ 52,000 . -RRB- Each participant has a separate account . There is a minimum contribution for each SEP participant of $ 550 . For additional information contact a life insurance agent that specializes in retirement programs .


Input: Where Should I Keep My Car Insurance Card?

Output: If you are in a mandatory insurance state , a currently datedinsurance ID should be kept in the car . If a driver of the car is stopped by law enforcement and can not provide proof the vehicle is insured , there will likely be a fine assessed the driver . If you do n't have current ID , most insurance companies provide internet access to obtain one or your insurance professional can send you one .


Input: Can You Claim Acupuncture On Medicare?

Output: No , acupuncture is not a medically approved expense by Medicare . You can not claim acupuncture on Medicare because the Centers for Medicare and Medicaid Services -LRB- CMS -RRB- has classified it as an Alternative Therapy , and Medicare will not pay for Alternative Therapy . They only reimburse therapies that they feel have been proven effective by scientific standards .


Input: What Is A Good Rate For Term Life Insurance?

Output: A good rate for term life insurance depends on length of the term and how the carrier views your personal health . Each carrier has a different appetite for various risks when it comes to issuing life insurance . It 's tough to know exactly who will be best for a given circumstances of medical history , but any good agent should be able to easily match you up with the appropriate company to give you the best rate . There are also online resources that you can use to analyze your health and try to determine which companies are best suited for you , but caution should be used in this approach as there may be certain vernacular that is difficult for a layperson to navigate .


Input: What Is A Good Rate For Term Life Insurance?

Output: Term life insurance is generally offered in five year increments :5 , 10 , 15 , 20 or 30 years -LRB- based on age . -RRB- So the guaranteed period of coverage has it 's own price tag . Even your behavior has a price tag like motor vehicle violations , dangerous recreational activities and hazardous vocations . But the big premium factor is your gender , age , smoking status , health history and current medical condition . Your rate depends on this laundry list .


Input: Can I Get Health Insurance If I Donate A Kidney?

Output: Yes , you can still get health insurance . The Affordable Care Act -LRB- ObamaCare -RRB- requirements that do away with medical underwriting and make policies guaranteed to be issued and prohibit pre-existing condition exclusions , rate-ups and/or waiting periods from being applied to health insurance policies should guarantee you access to coverage . Having donated an organ or being on a waiting list to donate an organ can not be taken into consideration .


Input: Why Is Universal Life Insurance Bad?

Output: No product is bad it just depends on what your needs are . What you are trying to cover or accomplish , It might be bad for you , if you are looking for more guarantees . Universal life policies involve you managing the policy . If you can not find your policy then you should not have a policy you need to manage . 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: Why Is Universal Life Insurance Bad?

Output: Every insurance plan available in the market serves a purpose so you ca n't really say one is `` bad , '' each type of plan just has to be used in the right way . Certain programs are designed to meet certain needs . You 're not going to find one plan that meets every possible need you can think of . Universal life and whole life are two types of permanent life insurance - universal life has a lot of advantages to it that you wont find in whole life . One of the major parts of permanent programs to remember is cash value . However , many individuals do not realize that when the insured dies , the carrier takes back the cash value and pays out the death benefit . Whole life is generally going to be much more expensive than Universal life because of the guarantees inside the policy . Whole life can be a great tool for retirement planning , providing coverage for new borns , and other financial planning when you 're buying in your younger years , but can be very expensive in your older years . Universal life does not provide the same levels of guarantees inside the policy with regards to the cash value . The trade-off is the ability to secure lower premiums for the same amount of coverage and create flexible premiums . Whole life has been around for decades and decades . When universal life was first introduced into the marketplace -LRB- I believe around the 1970s -RRB- , if the cash value dropped to $ 0 , your policy would crash and not provide you with coverage unless you paid more into it . Around the late 90s/early 2000s , carriers started introducing what 's called a `` no-lapse UL rider . '' In short , these riders said that if the cash value goes to $ 0 , but you keep paying your premiums , the policy will still provide the death benefit coverage . The majority of universal life policies today will have this rider , now commonly known as Guaranteed Universal Life -LRB- GUL -RRB- , and can be structured to keep the premiums and death benefits fixed and guaranteed for life or up to a specified age -LRB- e.g. to age 90 , to age 95 , to age 100 , etc. -RRB- . The idea being to maximize your death benefit without overpaying premiums . Contact an independent insurance agent/broker to learn more about these two products and which will be more suitable to your needs . If you 're buying strictly for the death benefit , you will likely want to look into a GUL policy .


Input: Why Is Universal Life Insurance Bad?

Output: Why is universal life insurance bad ? Hmmm . It all depends . Do you want the lowest possible rate for temporary coverage ? Maybe 10 or 15 or 20 or 30 years ? Buy some term insurance . Universal life will be more expensive . But of course , the renewal premium could be sky high . Do you want very significant cash accumulation , on both a guaranteed and a non - guaranteed basis ? Buy whole life insurance . Universal life probably wont give you the same numbers . But of course , you pay extra in premium for those guarantees . And it is a fixed-premium product , so you better keep paying . Then again , perhaps you want flexibility on the payment premium schedule . Perhaps you want to put in more money . Or maybe put in less money . Or maybe skip a payment . You can do all this with universal life insurance . Just make sure you know what you are doing so the policy still performs as expected . Maybe you want to lock in to a premium for the rest of your life and not have to worry about the price ever going up . But you dont want to pay an arm and a leg for the coverage . You could buy universal life insurance with a lifetime guarantee . You wont accumulate much cash , but hey , you will have saved a ton of money in premium , as compared to whole life . Lets say you have a chronic medical condition which could pose a higher mortality risk . But you still want to save money on the cost . Perhaps an insurance company will give you a concession on the price ? Could they do that with term insurance ? No . Could they do that with whole life insurance ? No . Could they do that with universal life insurance ? Yes , there is a very good chance they could . Its called table shaving . Its a perk that has saved people a lot of money . What do you think is bad about the product ? Want to learn more ? Read my blog : planrisklive.com


Input: Why Is Universal Life Insurance Bad?

Output: That is a great question ! I believe that any life insurance is better than no life insurance , so even a universal policy can be a good thing . That said , am I a big fan of them ? No , I 'm not , and here 's why . Term and whole life policies are very simple , straight forward policies . You pay a set premium , at set times , and the end date is clearly defined as the end of the term , or when you pass . Universal policies are not so clear , and often lead to trouble for the buyer , if they are not clearly shown what has to happen for this type of policy to work . There are many moving parts , and this type of policy is not one that you can buy and throw into your drawer and forget about , unless you like surprises . If you would like to see if this policy would be a good fit for you , please feel free to contact me , and we 'll go over it . Thanks for asking !


Input: What Is Social Security Life Insurance?

Output: Social security pays a lump sum death benefit of $ 255 to your next of kin to help defray the cost of burial . The processing of this is traditionally handled by the a funeral home . You can also contact the Social Security Administration yourself to begin to the process of the claim .


Input: What Does Health Insurance Cost In California?

Output: The prices can range anywhere from a thousand dollars a month to free . It depends on just a few factors : Your age , your zip code , the covereages you want , and your income . Here 's a great video I put together on how to shop for health insurance . Copy and paste the link in to your browser . WEBSITELINK


Input: What Does Health Insurance Cost In California?

Output: The cost of insurance will vary with the different insurance companies and each will take into consideration your zip code , age , and income if applying for Covered CA . Also , keep in mind the higher the deductible the lower the premium , the lower the deductible the higher the premium . Although you can search the internet for a quote , it 's always best to talk to an insurance broker and review the best options that suits your needs . Do n't let March 31st go by without enrolling into a health plan and end up with a penalty .


Input: What Does Health Insurance Cost In California?

Output: It depends on what your looking for in the coverage and the deductible . The more coverage , the more it costs . The lower the deductible the more it costs . Under Covered California depending on your income you might qualify for subsidies to help make your policy more affordable for you while providing you multiple coverage options . It 's best to speak to an agent to determine what your options might be .


Input: What Does Health Insurance Cost In California?

Output: The cost of insurance will vary with the different insurance companies and each will take into consideration your zip code and age . Plan price points are based on the benefits sokeep in mind the higher the deductible the lower the premium , the lower the deductible the higher the premium.The plansthrough Covered CA and the off exchange plans are the same with the same prices . The only reason tobuy a Covered CA plan is for the premium subsidy or cost sharing reductions .


Input: How Much Is A Renters Insurance For Apartments?

Output: Based on my experience and within my geographic area ; I have seen renters insurance cost as little as $ 7/mo . Renters insurance rates could vary greatly depending upon the carrier , coverage , and other factors used to determine the rate . Renters insurance is a very low cost type of insurance for the coverages provided to the insured in the event of a loss .


Input: Is Participating Whole Life Insurance A Good Investment?

Output: Video Transcript : Hello everyone I 'm Steve Savant syndicated financial columnist and host of the weekly online talk show : Steve Savant 's Money The Name of the Game . I 'm answering questions from insurancelibrary.com , and my question today is : is participating whole life a good investment ? Well , many people feel like this is more of a saving technique rather than an investment . It uses interest rates . It 's a dividend participating company , especially if it 's PAR . They 're going to actually give you a dividend every year . Part of that is just a return of unused premium and also part of their earnings on their portfolio . If you use the base policy the guaranteed cash values are the guarantees you have . So if you 're into guarantees and you do n't like risk and you do n't mind long haul investing and long haul savings which this product is perfect for , this could be something you may want to look at because that money could come out in withdrawals to bases and policy loans to gain depending upon how it 's set up . That could come out tax free and be huge as a supplement or retirement alternative . Well , that 's our consumer question for today . If you have any questions just submit them to www.insurancelibrary.com


Input: How To Apply For Health Insurance?

Output: You can apply through the healthcare.gov website . However , I STRONGLY urge you to apply for your coverage through an independent health insurance broker to make sure your application is processed and your policy placed in force properly - especially considering all of the issues the healthcare.gov website has had in it 's first year under the affordable care act . A health insurance broker broker can help you compare the plans and work with you on a personal level to help determine which health plan will be most suitable to your specific needs and budget . Please note , you can only apply for health insurance during the annual open enrollment period unless you have a qualifying event for a special enrollment period -LRB- e.g. getting married , having a baby , coming off of group coverage , etc. -RRB-


Input: Does A Spouse Have To Be The Beneficiary Of Life Insurance?

Output: No - You can name ME as your beneficiary ... . hehehe In order to buy life insurance on someone , you have to have an `` insurable interest '' ... I ca n't buy life insurance on just anyone . There has to be a connection that would harm you financially should the person pass away . Examples are your spouse , kids , other family if you have a financial interest in something together , a business partner , someone you loaned $ $ to , etc. . I bring up insurable interest because in these cases , you , or someone else facing a financial loss due to the persons death , has to be the beneficiary . Now ... if you buy life insurance on yourself , you can pretty much name any person or legal entity as the beneficiary . Leave the funds to a spouse , kids , your favorite non-profit , or to me ... Ok . Not me . So the answer of `` who can be the beneficiary '' all depends on who the insured is , the owner of the policy , and what the connection between everyone involved . have more questions -- Reach out ! - gravy


Input: Does A Spouse Have To Be The Beneficiary Of Life Insurance?

Output: Though very common to name your spouse as beneficiary to your personal life insurance policy when designed for your family 's financial security , there are other situations that call for life insurance where this might not be the case . For example , if you are a partner in your business with another person , each of you may set up a cross purchase arrangement in the event that either of you die . These can be secured by the purchase of a Life Insurance policy for each of you and in a case like this , you would name your business partner as beneficiary and your partner would name you .


Input: Does A Spouse Have To Be The Beneficiary Of Life Insurance?

Output: No . A spouse does not have to be the Beneficiary of a Life Insurance Policy . It can be anyone that has what is called an `` Insurable Interest '' in the person being Insured . In otherwords , it is supposed to be someone who could possibly suffer a financial loss if the Insured were to die . This could be most any family member , a close friend , or even a business partner .


Input: Will Home Insurance Cover Termites?

Output: Homeowner policies generally exclude damage arising from '' ... birds , vermin , rodents , insects or domestic animals . '' Since termites are insects I would saytheir damage isNOT covered . However the policy language of your policy is the deciding factor . I hope I 've answered your question . If not , feel free to call , fax or email me . Kevin P. Foley , CPA , CPCU PFT&K Insurance Brokers T 877-414-2031 F 877-405-3025 E kpfoley -LSB- at -RSB- kpfoley -LSB- dot -RSB- com W www -LSB- dot -RSB- kpfoley -LSB- dot -RSB- com


Input: Which Health Insurance Is Best For Federal Employee?

Output: Unfortunately there is no simple answer to your question . Federal employees have a wide variety of health insurance plan options made available to them at every Federal open enrollment season and these options vary depending upon the employee 's geographic location . My spouse is a Federal employee so I get stuck with reviewing the options for our family every year . As every person 's health care situation is unique , their financial resources vary and you may have a choice ranging from HMO 's to high deductible Health Savings Account based plans there simply is no one size fits all answer . If you have a strong preference for certain doctors , hospitals and pharmacies then determining which plan options have these providers in-network will be a good starting point . Next you will want to examine the cost sharing arrangements in the plans that have the providers you like . This is where looking into the plan 's deductible , co-insurance and out-of-pocket maximum financial exposure plus any doctor and prescription copayment features comes into play . And , last but certainly not least , will be whatthe monthly premiums are for the finalist plans that have met all your other criteria . I wish I could make life simpler for you and just say choose Plan X but the Federal Government has gone to great lengths to provide its employees lots of plans to choose from at different price points so it really defies any simple answer . Kind of like if you asked me what car would be best for you and I said a Prius only to find out you need to tow a 24-foot boat to the lake every weekend - the Prius would get you good gas mileage but might not even pull that boat out of the driveway .


Input: Is Lifeline Covered By Medicare?

Output: Medicare does not cover medical alert systems , even if you have a doctor 's note / prescription . Most insurance companies wo n't cover them either . Some states may have their own programs that will help provide financial assistance for medical alert systems - certain criteria may be required to be met before the financial assistance can be provided however .


Input: Does My Renters Insurance Cover Theft?

Output: Talk to your Insurance professional , but in most cases , modern Renters Insurance Policies do include theft as a covered peril , yes . Now , there may be policy limits included that you need to know about . In some cases , companies can settle covered theft losses on certain things , like camera equipment for example , based upon a stated `` inside limit '' listed on your policy 's declaration sheet . Further , your personal property may be covered outside your home -LRB- while on vacation or in your car as two examples -RRB- but only up to a stated maximum of 10 % of the total Personal Property coverage amount .


Input: How Do I File A Claim With Medicare?

Output: Medicare claims are handled electronically by medical providers . I have never seen a paper claim form for Medicare and doubt if it exists . All providers that treat Medicare beneficiaries are requried to file claims with Medicare . It does not matter if your provider accepts assignment or not . They must still file the claim on a timely basis .


Input: Can You Have Multiple Life Insurance Plans?

Output: Yes , you can have multiple life insurance plans . In fact , if you have some short term needs -LRB- such as getting your children through college -RRB- and some long term needs -LRB- such as funeral expenses -RRB- , having a combination of Term and Permanent policies may be most comprehensive and cost effective . The only limit to life insurance is that you financially qualify for the amount of coverage you own . There is no limit to the number of life insurance policies you can have .


Input: Will Medicare Pay For Smoking Cessation?

Output: Medicare will not pay for smoking cessation products such as nicotine substitutes -LRB- Nicorette gum , nicotine patch , etc -RRB- , and Medicare will not pay for pills that reduce the craving to smoke . But Medicare will pay for up to 8 face-to-face smoking cessation counseling sessions with a qualified Medicare doctor during a 12 month period .


Input: Which Is The Best Life Insurance To Buy?

Output: There are many types of life insurance available in the market place today . There is annual renewable and guaranteed level term life insurance . Permanent life insurance has two actuarial policy platforms : participating whole life insurance and current assumption universal life . Universal life has three basic crediting methods : interest rate , index and separate equity/bond sub account performance . When considering the purchase of life insurance , you should explore life insurance spreadsheets from the brokerage community are an excellent starting place to explore the life insurance company that best suits your financial profile , risk tolerance and economic goals . The spreadsheets are divided into two macro categories : Term Life Insurance and Permanent Life Insurance .


Input: Which Is The Best Life Insurance To Buy?

Output: The best and cheapest life insurance is the policy that is in force the day that you die . It is extremely rare that you would ever pay more for a policy than the death benefit . Regardless of its price the one that expires prior to your death hasnt any benefit and so its cost is quite high . The best life insurance to buy is one that will meet all of your obligations , fulfill all your dreams and provide a comfortable transition to those that you love when you pass away .


Input: Which Is The Best Life Insurance To Buy?

Output: Which is the best life insurance to buy ? The answer depends entirely on your situation and need . If your need is short term , say 10 to 20 years , then term life may be the best choice to make . On the other hand if you 're looking to insure for a lifetime -LRB- 20 + -RRB- term is really a poor choice as the costs rise to a point where maintaining the policy becomes too difficult . Whole life is a better choice if that is your goal .


Input: When Should You Stop Buying Term Life Insurance?

Output: You should stop buying term life insurance once your financial goals are met . If you are debt free , no loved one depends on your income , or your business would thrive without you , then it is probably time to stop buying term life insurance . It may also be time to consider either converting or purchasing cash value life insurance to protect your insurability and to have the flexibility to use the cash value funds for other things such as retirement or an unforeseen critical illness .


Input: Does Private Health Insurance Cover Ct Scans?

Output: As a general rule health insurance does cover CT scans . It may be listed under your `` xray section '' of the policy . If your membership card has a customer service phone number you should be able to call the company and givee all your policy information and the details of the scan and they can tell you what is covered


Input: Does Health Insurance Cover A Sports Injury?

Output: In most cases , yes . Your health insurance plan will cover a sports injury . Exceptions would be professional sports and some organized sports . Professional sports should be self explanatory . Examples of organized sports include avocational interests such as competitive dirt bike or off-road racing . Competitive ski events are another situation where your health insurance coverage could deny a claim .


Input: What Age Should You Buy Long Term Care Insurance?

Output: It is best to buy long term care insurance by age 60 in order to avoid some of the health conditions that start showing up more frequently after age 60 . If you have certain high LTC risk conditions in your family , such as stroke , cancer , diabetes , Alzheimer 's or arthritis , you may want to apply even earlier .


Input: What Companies Will Issue Life Insurance To The Mentally Ill?

Output: None that I know of will underwrite a mentally impaired person . It goes back to basic contract law and both parties being of sound mind to contract together . In fact when dealing with seniors these days an agent must be sure the senior is of sound mind when doing any financial work . Often , a agent will include family members of the client in the discussion . Dementia is something that can come on quickly and courts have ruled against agents who may have sold products to seniors who not much later on , suffered from dementia .


Input: What Companies Will Issue Life Insurance To The Mentally Ill?

Output: People with many forms of mental illness can get life insurance . Bear in mind that this term can cover a wide range of impairments . I know firsthand that many of them are insurable . A lot of it boils down to the need for the life insurance . Almost anybody can qualify for a burial policy . Depending on the age of the insured , and the state of residence , a number of small policies could be available . Wont cost too much , and gets the job done . But what if you need more substantial coverage ? For example , I worked with a family who had an adult son who is mentally retarded . He was reasonably self-sufficient . He actually worked for his father part-time , and did missionary work first church . He had the skills and personality to go door-to-door and spread his gospel . The insurance company gave us money for not just final expenses , but then some for the family . There was a co-dependence there that was insurable . You can see that people who are mentally ill can establish themselves as a valued member of the group . The members of the group therefore have an insurable interest in them , and deserve money to compensate for their loss . And this could include people with many other impairments . Autism , depression , severe anxiety , PTSD . ADD . OCD . People with any and all of these can be fairly high functioning , and therefore insurable . Dont forget one other important item : planning for people with special needs . Folks with impairments can be functional , but can also remain dependent on their family members . What if those family members die ? Life insurance is needed on on the parents , or responsible siblings , so that the dependent family member can remain self-sufficient . Now , with regard to the choice of carrier : there is not a hot list of companies that take people with mental illness . Potential applicants need to be prequalified to identify the carrier with the most interest in this particular case at this particular time . And that could change from quarter to quarter , or from year-to-year . It is the job of the broker to know which companies like which types of cases .


Input: How Is Humana Health Insurance Rated?

Output: Humana has an A.M. Best rating of A - -LRB- Excellent -RRB- . As a general rule , I recommend all my clients deal with an insurance company rated A - or better . These ratings are not based on customer satisfaction , but are instead based on the company 's finances and their ability to pay any potential claims they may incur . I 've been covered by Humana for the past five years . Compared to other companies , their rate increases tend to be relatively small each year , and I 've never had problems with any claims .


Input: What Should A Good Home Insurance Policy Cover?

Output: That is a great question ! The average policy will cover the structures on the property , home , garage , etc. . It will protect against the ` normal ' dangers of fire , wind , hail and lightning . If you live in an area that is prone to flooding , earthquakes , or hurricanes the coverage for these may be included in a rider , or may need to be purchased separately . The policy will also include some coverage against being sued ; It is usually pretty specific in what it will cover , and for how much . I hope that helps , thanks for asking !


Input: What Should A Good Home Insurance Policy Cover?

Output: A great homeowners insurance policy will protect you in the case of a law suit arising from personal injury or property damage . Companies have a range of limits and I suggest you adopt the highest possible . The same policy will replace your home and contents completely in the case of a loss from a covered peril . Since earthquake and flood are not covered , your policy should either have an endorsement or separate policy that covers these contingencies . There are internal limits on certain types of property . If you have property in the restricted categories your should increase coverage to maximize recovery at the time of loss . Homes still have water back-up problems and require additional expenses to meet codes when repairs are required . These are also coverages that you should take .