Input: About How Much Is Auto Insurance?

Output: Auto insurance is priced based on the auto , your driving history , garage zip code and credit rating . Need a no obligation quote ? I will be happy to run different options in order to get you the most insurance protection based on what you tell me you are able to afford . Call me Keith Prim - Dallas - 214-435-0791


Input: What Type Of Auto Insurance Provides Coverage From A Tree?

Output: If a Tree falls on your auto and causes damage this would fall under your comprehensive coverage . A claim would be paid for your loss minus your deductible up to the value of your vehicle if it were a total loss . If you hit a tree this would fall under your collision coverage . Your loss would be paid up to the value of the vehicle if a total loss minus your deductible .


Input: What Is Required For Renters Insurance?

Output: To secure renters insurance coverage you will need to know the amount of coverage -LRB- the valuation of all of your personal items -RRB- that you desire , the year the building your premise is in was built , the number of units in the building , distance of the nearest responding fire department , distance to the nearest fire hydrant , and whether or not there is a sprinkler system and/or security system in the building just to name the main items . Contact a local agent and they can assist you in getting a quote for coverage within your local area .


Input: Does Disability Insurance Work?

Output: Absolutely disability insurance works . It makes sure that individuals and families have income when they are unable to work due to illness or injury . This income provided by the policy allows and individual to continue his or he life a a similar lifestyle if he or she can not work .


Input: Does Disability Insurance Work?

Output: Absolutely any disability policy purchased from a reputable insurance company works if you meet the criteria of a claim . In order to receive benefits you must be diagnosed with an injury or illness so severe that you are no longer able to perform the duties of your occupation by a medically licensed physician . Then you must meet the elimination period requirements in the policy . Then benefits will be paid to the extent of the contract . The money may be used for any use you deem fit .


Input: Can You Buy Short Term Disability Insurance?

Output: Yes , you can buy short term disability insurance . There are less than a handful of companies that sell it as an individual policy , that I know of . It is much easier to get short term disability insurance through a group . On the other hand , it is not difficult to find individual long term disability coverage , and most people can buy long term disability insurance at a reasonable price .


Input: Does Medigap Cover Dental?

Output: Unfortunately , Medigap does not cover routine dental examinations . Although Medigap Plans are designed to fill the gaps in Original Medicare , they will only pay for Medicare-covered services . Routine dental care is not covered under Original Medicare ; therefore , it is also not covered by Medigap -LRB- Medicare Supplement insurance -RRB- . Medicare will only pay for dental services that are an integral part of a Medicare covered procedure . Some exceptions include , reconstruction of the jaw following accidental injury , or extractions done in preparation for radiation treatment involving the jaw . Medicare Beneficiaries often purchase a separate dental plan to meet their individual needs . If I can help you with your specific situation , please feel free to contact me .


Input: Why Buy Annuities?

Output: Product suitability should be a required process of prudence for all potential financial product purchases , including tax deferred and immediate annuities . If your effective tax bracket is high , tax deferred annuities over time can have accumulating advantages , i.e. mid to long term , high tax bracket savers and investors should consider tax deferred annuities . Tax deferred annuities have three basic crediting methods : interest rate crediting , indice crediting and separate sub accounts using equity and bond investments . A risk tolerance assessment needs to be performed to determine your financial profile and product suitability . Keep in mind that tax deferred variable annuities can lose money .


Input: When Can You Buy A Medigap Policy?

Output: You are allowed to purchase a Medigap policy at any time . Most will purchase a Medigap plan when they initially turn 65 and are enrolled in Medicare Part A and Part B . Some will purchase a Medigap plan following a qualifying event , such as loss of employer group coverage or involuntary loss of an Advantage plan .


Input: Can An Employer Cancel Health Insurance While An Employee Is On Disability?

Output: Yes your employer can cancel your health insurance while on disability . There are two key laws that may protect your rights while you are unable to work . The Family Medical Leave Act -LRB- FMLA -RRB- requires that employers continue to provide health insurance coverage on the same basis as if the employee was working . These protections last for twelve weeks , so your employer could cancel your coverage after this time . The FMLA applies only to businesses with 50 or more employees , and employees working a specified number of hours . If you are not eligible for FMLA , your employer could cancel your policy at any time . COBRA allows for employees to continue coverage for up to 18 months . If you employer cancels your policy , you can keep it in force by making the premiums payments yourself . You would lose the employer contribution , and the advantages of pre tax elections for your contribution .


Input: How Much Will I Get Back From Medicare For An Ultrasound?

Output: The only time you should `` get money back '' from Medicare for an ultrasound is when you use a provider that does not accept assignment . Most medical providers do accept Medicare assignment , file claims direct with Medicare and they receive payments direct from Medicare . If you have a supplement plan Medicare sends your approved claim direct to your gap carrier who will send their payment to your provider .


Input: Does Homeowners Insurance Cover Ice Damage?

Output: If your residence is damaged because of the weight of accumulated ice , snow or sleet , you can expect payment under most homeowners policies . That does not hold true for a swimming pool , as that is an excluded peril . As a homeowner you should do all you can to stop accumulated ice from damaging your home .


Input: Who Can Help Me With Health Insurance?

Output: When your thinking about health insurance there are two options currently available to you for help . The first , which I recommend , is working with an agent who is a health broker , who is also certified on your states Health Exchange system . Talking with a broker will help you to understand what all your options within the different insurance companies . The second is to contact the exchange directly and work through there system . You are not able to establish a relationship with the people you call in to help so it will be difficult to really find the best match . I am not saying you ca n't do it , but rather you are more on your own to navigate around the site and to choose the company that will best meet YOUR needs . Good Luck .


Input: Who Can Help Me With Health Insurance?

Output: I am a health insurance broker in South Carolina and am now engaged in helping people understand Obamacare and their options . Because of the Affordable Care Act the options a consumer has are many less than before the act was made law . There are alternative if the premiums are too high and I would be happy to help anyone that needs it with no obligaton .


Input: Does Wisconsin Require Auto Insurance?

Output: Yes , Wisconsin does require auto insurance . The state minimums are fairly low though . I typically recommend no less than 100/300 coverage for any person that I speak to about coverage . The coverage is there to help protect your financial future . Things happen , do n't let an accident destroy yours ' or your family 's future . Call your local agent to find out how affordable coverage really is . Especially compared with the alternative .


Input: When Can You Sign Up For Medicare B?

Output: You can sign up for Medicare Part B at the same time that you sign up for Medicare Part A , or you can wait to sign up for Part B until you have stopped working and no longer have group coverage . If you are receiving Social Security benefits , you will be signed up for Part A and B automatically just before your 65th birthday .


Input: What Medical Tests Are Required For Life Insurance?

Output: If applying for a medically underwritten life insurance policy , a paramed exam is generally given . For most applicants , this involves a blood test and urine test . If applying for a large face amount or if the applicant is past middle age , the underwriting requirements may also include a resting EKG , a treadmill EKG , or possibly exam by medical doctor . If applying for No Exam life insurance , none of these tests are required .


Input: When Should I Drop Comprehensive Car Insurance?

Output: That is soley a personal decision . Ultimately the decision is really what can you bare as a financial loss should you be in an accident and you vehicle is damaged . As the vehicle ages it is normally worth less and less each year so if the vehicle is damage the less you will receive for the vehicle if it is considered totaled.Typically if a vehicle is over seven years old many insured will no longer collison or other than collision coverage . You have to weigh the decision of paying the extra premium for the extra coverage over the value of the vehicle .


Input: Does Home Insurance Cover Tenants?

Output: To properly be protected , your tenants should have renters insurance . In most cases your homeowners policy will not provide any coverage for your tenants personal property . Another concern for both you and your tenants should be liability coverage . If your tenants are not carrying renters insurance . You may find yourself financially responsible for an accident within their apartment . Remember every policy is different . Please read your policy completely to know what coverage you have and what exclusions there may be or call your local agent to have them go over the policy with you .


Input: Does Home Insurance Cover Tenants?

Output: The simple answer is no . A homeowners policy is designed to protect the owner of which in most instances is also the resident . However , there are Dwelling policies designed for homes that protect the home owner while minimizingtheir personal property coverage . From there the tenant is recommended to obtain Renters Insurance to protect their personal belongings -LRB- from theft , fire , etc. -RRB- as well as coverage for personal liability exposure .


Input: Does Home Insurance Cover Tenants?

Output: Some Homeowner 's policies do offer endorsements for tenents that live in the home such as roomates . Too make sure that you are covered properly , you want to contact your agent . Not all Homeowner 's policies are the same and each state has it 's own rules which is why you need to contact your agent in your state to be sure .


Input: When Can I Borrow Against My Life Insurance?

Output: You can borrow from your life insurance when there is enough cash value built up in the policy from which to borrow . You can see this amount by ordering a current illustration of your policy from your life insurance agent who sold you the policy , or from the life insurance company through which the policy was purchased .


Input: Can You Borrow From Veterans Group Life Insurance?

Output: Unfortunately , Veterans Group Life Insurance -LRB- VGLI -RRB- is a lifetime renewable Term policy without cash value . Therefore , you would not be able to borrow from Veterans Group Life Insurance because it does not have any cash value or pay any dividends .


Input: Can You Borrow From Veterans Group Life Insurance?

Output: In order to borrow from any life insurance policy , it must be a permanent or cash value policy . Unfortunately , group life insurance in almost all cases are term life insurance and have no cash value . Therefore , there is nothing to borrow from , just a death benefit at the insureds death . This is a great lesson as to why people should always purchase and own their own life insurance policy and view group life insurance as a bonus to heir beneficiaries . Very sorry to be the bearer of bad news . Good luck !


Input: What Is Title XVIII Medicare?

Output: Title XVIII Medicare is the national health insurance program in the United States for aged and disabled persons . It was established in 1965 . People pay into Medicare through taxes while they are working , then are able to receive the benefits at a very low cost when they turn age 65 , or are disabled for two years , or a few other circumstances .


Input: What License Is Needed To Sell Long Term Care Insurance?

Output: A health insurance license is needed to sell long term care insurance . Also , there is a partnership long term care education course that is required to sell long term care policies . However , many of the same companies that offer life insurance are the ones that offer long term care insurance , in addition to some companies that mainly offer health insurance .


Input: What License Is Needed To Sell Long Term Care Insurance?

Output: To sell long term care insurance all states require a health insurance license . Some states like KY , require you qualify for both life and health insurance , as they do not have a health insurance license stand alone . There are other states like NC , that require a health license and a special long term care certificate with your health insurance license . It is always a good idea to check your resident state 's DOI website for specific requirements .


Input: How Long Does It Take For A Renters Insurance Claim Due To Theft?

Output: The goal of an insurance carrier is to process your claim as quickly as possible . In a theft there would be certain steps that would need to be fulfilled . A police report must be filed . The insured would have to fill out an inventory sheet of items stolen . Also the insured would need to be interviewed . Upon completion if there are no complications the insurance carrier would issue a check to the insured for the stolen items . Happy Shopping .


Input: What Does Long Term Disability Insurance Cover?

Output: Long term disability insurance covers prolonged periods of illness and injury by generating tax free income from the benefits of the policy . Benefits do not begin until the elimination or waiting period has been satisfied . Protecting your income when you ca n't work is an important part of defensive planning .


Input: What Does Long Term Disability Insurance Cover?

Output: Long term disability insurance is an insurance policy that is designed to cover lost income in case of an illness or injury so severe that a person can no longer perform the duties of their current occupation . You may use the benefits to pay your household expenses during this time of disability . These policies can be written from a couple of years of benefits paid all the way out to age 67 years old .


Input: How Are Distributions From Nonqualified Annuities Taxed?

Output: Non-qualified tax deferred annuities accumulate tax deferred . The distribution of gain in an annuity is taxable as ordinary income at the effective tax bracket rate of the annuity owner . The basis , or original contributions , are distributed tax free . The long term tax deferral for on-qualified tax deferred annuities can have a significant financial impact .


Input: How Are Distributions From Nonqualified Annuities Taxed?

Output: The premiums paid constitute the basis for the annuity . Income tax has been deferred on the earnings of the annuity . The first withdrawals from an annuity are considered earnings and are taxed as ordinary income . If this withdrawal is prior to age 59 the earnings are subject to a 10 % penalty . Once the earnings are exhausted the basis is returned tax free . If the withdrawals are in an annuity only a portion of the withdrawal is taxed as earnings .


Input: Is Disability Insurance Worth The Investment?

Output: If you were laid up and could n't work for three to six months , would you be able to meet your expenses and put food on the table ? Would you have to dip into the kids college fund to do it ? How will you pay your house payment and car payment ? How will you pay your health insurance premium ? You tell me - is disability insurance worth it ?


Input: Is Disability Insurance Worth The Investment?

Output: Considering the average US worker has 3 months worth of cash reserves , yet the average long term disability claim is 31.2 months , I 'd say Disability Insurance is more than worth it . If you can no longer work , you wo n't be receiving you usual paycheck , which in turn means you wo n't be able to make your usual payments -LRB- mortgage , bills , groceries , etc. -RRB- . DI pays a monthly benefit that can keep you afloat so you can focus on healing and getting back to work , rather than worrying about your finances .


Input: How Much Is Renters Insurance Per Month For An Apartment?

Output: How much renters insurance premiums are depends allot on what coverage 's you wish to purchase . You may be able to get a renters insurance policy for as low as $ 10.00 a month and go up from there . There are additional discounts if you package with your auto insurance carrier as well .


Input: Does Renters Insurance Cover Pet Damage?

Output: Renters insurance would not typically cover for any pet damage . This would typically be considered the renter 's responsibility or the owner of the animal responsibility . Please read your policy completely to understand the coverage that is provided and any exclusions that there may be within the policy or contact your local agent to have them go over the policy with you .


Input: Does Car Insurance Have To Be In Owners Name?

Output: When you lease a car you do not hold the title so you are not the ` owner ' of the vehicle . Your lease may require you to provide insurance on the vehicle . Your policy -LRB- in your name -RRB- names the lessor as additional insured for liability coverages and loss payee for physical damasge coverages . If an individual holds title to the vehicle and you want to insure it , you will most likely have to register the vehicle in your name -LRB- a form from the state 's DMV authorizes this -RRB- and obtain insurance to cover your registration and plates . In this instance you would also name the individual title holder as additional insured for liability and loss payee for physical damage . If they have a lienholder on the vehicle you will have to include the lienholder as first loss payee and the individual as second loss payee . Chec k with a knowledgeable agent or broker who writes auto insurance for specific details . Your state 's DMV can also provide information . Maske sure an insurance carrier will underwrite the policy should you want to insure a vehicle you do not hold the title to .


Input: Does Car Insurance Have To Be In Owners Name?

Output: In Connecticut , the car insurance policy needs to be issued in the same name as that which appears on the car 's title and registration . If you happen to have a car loan or are leasing , those interested parties will be listed on your policy in accordance with their particular requirements .


Input: How Much Should I Be Paying For Home Insurance?

Output: The amount of premium you should be paying for your homeowner 's insurance depends on how much coverage you have on your dwelling -LRB- and personal property etc. . . -RRB- , deductibles , type of policy , claims history and where you live . Many discounts -LRB- such as 55 and retired -RRB- may reduce your rate and that must be considered . You could pay as little as $ 250 per year or thousands of dollars per year . There are many variables that must be considered .


Input: Who Is The Usual Beneficiary For Life Insurance Policies?

Output: The usual beneficiary for life insurance policies depends on the type of policy . If a personal policy and the insured person is married , the usual beneficiary is usually the spouse . If a single person , the beneficiary is often a parent , romantic partner , or sibling . If a business policy , the beneficiary is often the business or business partner . If a policy to cover a loan , the beneficiary is usually a spouse with assignment to the loan company .


Input: Who Is The Usual Beneficiary For Life Insurance Policies?

Output: The usual beneficiaries of a life policy is the spouse or children however if a person has a financial interest as in business they to can be the beneficiary . . This is sometimes the case with a key man policy when a business co ers maybea FRi , top sales person based on their value to the business .


Input: Who Is The Usual Beneficiary For Life Insurance Policies?

Output: Great question ! The beneficiary is the person or thing -LRB- in some cases -RRB- that you wish to leave your money to . People typically leave it to a close family member , but there are people that leave it to , trust funds , churches , or charities . I remember not too long ago about reading about the lady in New York City that left her fortune to her dogs ... Thanks for asking !


Input: Does A Condo Need Homeowners Insurance?

Output: There are policies specifically designed for condo 's . Most condominium associations require insurance and if there is a mortgage your bank will . The major difference is that the condo policy will only cover personal belongings and the interior of the building not covered by the association . The association generally covers the building itself .


Input: Does A Condo Need Homeowners Insurance?

Output: A condominium requires a special form of homeowners insurance . The title company will require evidence of insurance from the condominium association and from the individual borrowing money for the condo . The structure is the responsibility of the association and the interior is the responsibility of the condo owner .


Input: How Much More Is Health Insurance For Smokers?

Output: Starting in 2014 , insurance companies can charge you up to 50 % more for premiums than someone who does n't use tobacco . However it is not a given that because the federal government allows this rate band that it will effect you.For Instancehere in New Jersey health insurers will not be allowed to vary health insurance premiums based on smoking status . Bottom line is that premiums can not vary by morethan50 % because of smoking status and that the final decision on whether smoking status will effect premiums is left to be decided on the state level .


Input: What Does AAA Auto Insurance Cover?

Output: It is the same as every other Auto Insurance company . There is no real advantage one way or the other . You do get the discounts of Auto club membership but I think if you shop around you will find just as good rates or better with any company . But it certainly does n't hurt to check them out to see what the rates are . If they save you money then go for it !


Input: What Are The Best Ways For Someone Under 30 To Start Planning For Retirement?

Output: First , take care of your risks - health insurance , car insurance , home/renters insurance , life insurance . Second , you need a stash of emergency cash . I make it rhyme so it 's easy to remember . $ 1,000 - $ 2,000 is a good start . Get a safe & start sticking it in there . Crap happens - someone in India wipes out your account and it takes a week or two to get the bank to give you back your money . Third , open a savings account and save at least three months of your household expenses but six months is better . Again , crap happens and if you have to change jobs , you may need a 3-6 month cushion to find another job . Fourth , max out your company 's 401k to the extent of the company matching . That means for every dollar you put in , you DOUBLE your money guaranteed . Fifth , this is where you get into long term financial planning . Do some networking , attend some seminars , ask friends . I personally like mutual funds & annuities but everyone will give you different answers . Find a plan that meets your risk tolerance and a company you trust . You will hear a lot of noise about fees but keep it in perspective - are you getting what you pay for ? It 's not like gasoline where you get the same gas no matter where you fill up so always look for the cheapest . Different products offer different services for different fees .


Input: What Are The Best Ways For Someone Under 30 To Start Planning For Retirement?

Output: This is a great question . . one that shows that you thinking ahead ! There are many options to consider , as there is no one right answer . You may wish to speak with a `` fee only '' financial advisor who can help you with your planning and review your options . Life insurance agents and investment advisors may have their own agendas . Each should be able to answer specific questions you have regarding their products and applicability in retirement planning . Each has appropriate products . Diversity is always a good idea . Remember that disability insurance , which will protect your income during your saving years , is vitally important .


Input: What Are The Best Ways For Someone Under 30 To Start Planning For Retirement?

Output: I will answer this question as a dad . First , take the advice of one of the richest men in the world , Warren Buffet . His advice Rule 1 `` do n't lose '' . Rule 2 `` refer to rule 1 '' . So cover your ass-etts first , buy yourself some decent insurance . if a calamity befalls you , you will not be financially out of the game . Somebody will suffer the calamity . It may be you . 1 . For free life insurance advice , go to www.lfehappens.org and figure out how much you need now . Then buy it . Today . You are not bulletproof . You likely have a friend your age that has died . No second chance . 2 . Car insurance . Since the average SUV you might hit costs lots more than the minimum coverages , do n't get minimum liability coverage . If you hit someone , and have less coverage than what you hit , you may end up paying for the rest of the SUV you hit out of pocket . While I am on it , buy a car you can afford to lose . Pay cash if you can . Cars are just the cost of getting to work . By paying cash , you can save 4,000 a year or more . A nice little pile . Remember : We fly around all day in 30 year old airliners . Airlines maintain their planes meticulously . Maintain your vehicle and it will last . Fall in love with your spouse and your children , not your car . 3 . Furniture , clothes , and other things do not go up in value . Pay cash for items that do not go up in value . If you ca n't pay cash , you ca n't afford it . Goodwill is open in every city . They always have some nice things . 4 . You do not need cable or Satellite . Netflix is 1/10th the cost . Save 1000.00 a year . 5 . Pack a lunch . You can go on a nice vacation with the 2,500.00 or so you will save over the year by not buying a 10.00 lunch . 6 . Do you really need the latest cell phone and unlimited data plan ? No , I did n't think so . 7 . Little piles make big piles . Only when you have saved something can you plan for retirement . The easiest way to make a good retirement possible is to cover your losses , and spend less . Once you have saved your backside risk and saved some capital , how you allocate your funds is less important than the discipline to do it . What gets watched grows in your life . Keep track of your money , using www.mint.com or some other software , and it will grow . when you have big piles , you will by then have the knowledge of how to keep the money working . Let me say it again . Little piles make big piles . Be disciplined . Do so , and you will be comfortable in retirement . I have faith in you . - dad


Input: What Are The Best Ways For Someone Under 30 To Start Planning For Retirement?

Output: The easiest answer is to `` do something '' . Save something . If your employer does n't provide a 401K match , open up a Roth IRA and make regular , periodic deposits to the account . An IRA or non-qualified annuity are fine too . If you are in business and have no employees , open up a SEP -LRB- simplified employer pension -RRB- . All of the latter have limits to the contributions and eligibility . You should consider setting aside your retirement contribution before you spend on anything else . I suggest saving 10-20 % , with half of these funds liquid in demand savings accounts but only to the point you have enough on hand to equal 6 months of your living expenses . Then move more of the money into a tax preferred account until you max out your contribution limits . You can use life insurance as an asset accumulation vehicle as well and as you age you may be able to violate the TAMRA and turn the policies into modified endowment contracts that can become cash cows you fatten up for the future . Do n't forget variable and fixed index accounts , and mutual funds and stock index accounts . This should give you enough food for research but I 'd start with safe accounts and build out with an eye on avoiding the ravages of taxation until the government says you have met the limits of the tax preferenced acounts . Good luck . Oh , by the way , the longer you wait to start the harder it will be to accomplish money enough for retirement . I can prove mathematically that someone who starts today and maximizes their contributions for ten years can not be eclipsed by someone waiting for ten years and starting the same process even if you quit and all other factors are equal . It 's true , so , get started and good luck . You may be relying upon yourself more in retirement than you know today .


Input: What Are The Best Ways For Someone Under 30 To Start Planning For Retirement?

Output: What are the best ways for someone under 30 to start planning for retirement ? Well first get out of the planning phase and start the doing phase . Getting the habit of saving going is the best thing you can do for yourself . Time is the most important and actually cheapest thing you can invest . People say they will start saving when they pay off debt , but most people will carry some sort of debt throughout their working lives and beyond . Save and pay down debt . Getting the habit early means actually using less money . The advantage of starting early is that you can do several things over time with different risk and reward profiles . You have time to pick and use safe , moderate and high risk investments because time works in your favor . Waiting until your older actually forces you into more risk situations as you try and make up for time by choosing higher risk investments because you need a high return . Getting started young , building your safety net allows you to take some risk because you have a fall back position , not a desperation position .


Input: What Are The Best Ways For Someone Under 30 To Start Planning For Retirement?

Output: Under 30 retirement planning ! Great ! And the answers above are all good . One thing I did n't notice in the above answers was that Whole Life insurance can be your best start all around . Whole life builds cash value that can be used for retirement income . Of course if you 're married and or have children the life insurance itself is a protection for your family in case you die . And before anything else you need that protection . So even if you are n't married or have kids and never are or do , whole life has Guaranteed cash value growth that you do n't get with other investments , so you can count on it . And you do n't pay income tax on the growth ! And if you do the smart thing and buy whole life from a Mutual company you can also have dividends added to your cash value while at the same time buying more insurance - without ever having to have another medical exam ! Then in retirement you can have the cash value paid to you monthly , quarterly or annually to supplement whatever else you have for retirement income .


Input: What Are The Best Ways For Someone Under 30 To Start Planning For Retirement?

Output: I love that you are thinking ahead - good job ! Planning for retirement is so important and unfortunately too many young people are not thinking about it yet . There are many steps you can take to put a retirement savings plan together . As mentioned above , 401k and IRA are great vehicles for building retirement savings accounts . Of course , learning healthy savings habits is going to benefit you in the long run . Doing so will make you eligible to obtain an annuity as an additional retirement planning tool that will provide you with a series of payments you can not outlive . Another strong piece of advice for planning your future security - get a life insurance policy . Yes , now . It 's great if you have life insurance as a benefit through your employer HOWEVER , it is so important to have at least some whole life coverage that you own , in your name . Be sure to read the fine print of your work 's life insurance . Also , be aware that your employer can change or take away that coverage at anytime . Qualifying for life insurance at a young age means you will be locked into the lowest rate available to you . The older you get , the more at risk you become and the more you will be paying . There are many different types of policies so be sure to speak to your agent to find what is best for your needs . Good luck !


Input: What Are The Best Ways For Someone Under 30 To Start Planning For Retirement?

Output: Diversification is the key . The 401 and Roth plans are still solid performers ... but you might want to look at annuities and IUL products . IUL products usually outperform the 401 k products over time and put more cash in the pocket . North American is someone to talk to that comes to mind .


Input: What Are The Best Ways For Someone Under 30 To Start Planning For Retirement?

Output: In a phrase , comit to putting a set amount of money into an account each month . That said , check to see if your employer has a 401 -LRB- k -RRB- plan which you can start contributing to , especially up to what the employer is matching . If this is not available then next I would recommend setting up a Roth IRA . Now , the next big question is who to go to in order to set these up ? If you are using the 401 -LRB- k -RRB- , then work through your employer . If you are setting something up outside of the 401 -LRB- k -RRB- , then you might look to working with a registered representative who can give you accurate information on an investment which suites your needs the best . Let me know if you have any other questions .


Input: Why Would I Be Refused Life Insurance?

Output: Someone can be refused life insurance for a number of reasons . The most common reason is having a health condition that is not accepted for the policy you applied for , or your health condition is not as controlled as the life insurance company would like to see it . It does not mean you do not qualify for ANY policy , it just means that you may need to apply elsewhere and possibly take less and/or pay more . Other things besides a health condition that can cause life insurance to be declined are : participating dangerous hobbies such as motorcycle racing , having gone through recent substance abuse treatment , having a recent bankruptcy , or plans to travel to an unsafe country . Also , there are age restrictions . If declined , do n't despair and do n't give up until you 've explored more options . A good impaired risk life insurance agent will be of great assistance .


Input: Can I Switch Auto Insurance In The Middle Of A Policy?

Output: Auto insurance is an at will product . This means that you can change carriers at any point that you wish . You will have to pay your premium to the carrier you are signing with and then inform your current carrier to cancel your policy effective the start date of the new policy . Your current carrier should refund any unused portion of the premium that you already paid for the current term .


Input: Can I Switch Auto Insurance In The Middle Of A Policy?

Output: You absolutely can cancel an auto policy mid-term . Then that auto insurance company must give you back any `` unearned '' premium , for which they are not entitled to . They can only keep money that they have `` earned '' while insuring you and your auto . Do n't let anyone tell you anything differently than that .


Input: Can I Switch Auto Insurance In The Middle Of A Policy?

Output: Insurance companies do n't force anyone to keep a policy in force regardless if it is auto , home , life , disability , long term care , health , business , workers ' compensation , etc. . However , type of policy and state where you are located can make a difference in how the cancellation is calculated . With an auto policy , you would want to contact the company or your insurance professional to determine if the cancellation is pro-rated or short-rated . Pro-rated means the company will only charge you premium for the days used . A short-rated calculation provides for a penalty . This information is also included in every policy contract .


Input: Can I Switch Auto Insurance In The Middle Of A Policy?

Output: Yes . You can switch auto -LRB- home , renters commercial or most any other -RRB- insurance at anytime . Some companies may charge an early termination fee , but must do not . You should receive all of your unused premium back . Your insurance policy or your agent or broker should have information on early termination fees .


Input: Can I Switch Auto Insurance In The Middle Of A Policy?

Output: You can switch your auto insurance in the middle of a policy period . But unless your savings is enough to offset ant early cancellation penalty , you may want to wait for the renewal . To determine if it is wise to cancel early , a licensed and registered broker can help you determine the viability of changing and whether it makes prudent financial sense .


Input: Can I Switch Auto Insurance In The Middle Of A Policy?

Output: You can switch auto insurance in the middle of your term . That is , if you have a 6 or 12 month policy where the rate is guaranteed during that time , you can change companies . If you paid ahead , you may receive a short-rated refund , depending on the timing and carrier . If you shop a top auto insurance website , you will be able to view multiple quotes from the most reputable companies and perhaps save money . An experienced broker can do the shopping for you so you do the saving . What a great concept !


Input: Is Corporate Owned Life Insurance Ethical?

Output: A corporation operates as a person and as such can buy life insurance . They can only buy life insurance on someone with whom they have an insurable interest . They can not select someone at random , purchase insurance on them and then hope that they die soon . A corporation would suffer a loss if a key person were to die prematurely . The corporation may have other obligations such as buying back the shares of a deceased shareholder . There are many reasons that a corporation can and should purchase life insurance .


Input: Is Corporate Owned Life Insurance Ethical?

Output: That 's a great question ! I 'm sure we 'd all agree that we expect all businesses to operate ethically , and with the best of intentions . So I guess your question comes down to one of two things - is life insurance a scam ? Or does the life insurance my company supplies as a part of my benefits package need to be there ? In either case , the answer is that life insurance is a blessing . It is a certainty that you will die . Tough , but true . If your employer provides life insurance for you , and you 've opted to take it and die while employed , that benefit can be a big help in paying for your funeral and providing for those you 've left behind . That is true for the independent policy that you hopefully purchased from a reputable , well respected insurance company . -LRB- And went over thoroughly with an agent that you trust . -RRB- Are there fly by night or poorly managed companies out there that may skirt the edges of ethical integrity ? I 'd like to believe not , but there seems to be a bad apple in every bunch , so it is well for you to look into any company and agency before signing anything . And put stock into the old saying `` if it sounds too good to be true , it probably is '' ... That said , I am sure that the number of ethical agencies far far outweighs the bad ones . Hope that helps ! Any questions , please hit the contact me link , I 'm happy to help . Thanks for asking !


Input: Is Corporate Owned Life Insurance Ethical?

Output: In a word yes . It might be easier to think of the Corporation as a separate tax paying entity . There are a number of reasons when the corporation would need or be justified in purchasing life insurance . They include : key person , buy-sell agreements , executive retention . The company would suffer an economic loss and it is prudent for the company to own life insurance . The ethical question has to due with intent . In Canada , if an individual ; is getting a benefit and the company is not getting value from the purchase of a life insurance policy there are issues . May or may not be ethical , but it probably will be a taxable benefit to the individual . 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: Is Corporate Owned Life Insurance Ethical?

Output: The simple answer is `` Yes ! '' Corporate Owned Life Insurance -LRB- COLI -RRB- is ethical . However , in recent years , because of some of the abuses , it has become more scrutinized in its uses . There are many valid reasons for using COLI . It could be very important to a company if a key person in their company died . In some cases , it would take months or years to replace that person with a specific skill set ; so COLI maybe purchased to offset the loss . It may also be used as `` golden handcuffs '' , where the life insurance builds cash value for a future date to pay executive retirement beyond a 401k . This can be done formally , through legal documents -LRB- the IRS even identifies it by code number much like `` 401k '' -RRB- . The unethical part came into play when companies purchased life insurance of people where they had no insurable interest -LRB- in other words would not be at risk of significant loss by the death of the person insured under the policy -RRB- . For example , CompanyZ purchased COLI on all of its 22,000 employees - from executives done to the maintenance.When a rank-in-file employee died , Company Z kept the death benefit , giving them a tax free benefit . The courts decided that Company Z did not have an insurable interest and required them to pay the family the death benefit . The policy was clearly determined not to be COLI but to be STOLI -LRB- Stranger Owned Life Insurance -RRB- .


Input: Is A Life Insurance Beneficiary Responsible For Debt?

Output: No , although creditors may find out you received the tax-free death benefit and try to convince you that you have to pay the debt of the one who passed away . IF debt is owed , that is where probate comes in . Generally the proceeds received from a Life Insurance policy are free from probate . Probate will go after the Estate and may decide that some of the monies in the estate , ie . the sale of a house , car , etc. . go to pay that past debt .


Input: Is A Life Insurance Beneficiary Responsible For Debt?

Output: If you were a cosigner for the debt that was incurred by the person who died , then you will most likely be responsible to repay the debt with the life insurance proceeds that were left to you . If you did not share in the debt that was incurred by the person who died , then the life insurance money that was left to you belongs to you .


Input: Is Gerber Life Insurance Legitimate?

Output: Gerber Life is a `` legitimate '' life insurance company in that it is domiciled in the state of NY and is located at 1311 Mamaroneck Ave. , White Plains , NY , 10605 , 914272-4000 , and is licensed to do business in all 50 states and Canada . They list six product groups on their website , WEBSITELINK , includingthe onlyendowment life policy that is also an adult life insurance policy . It 's called the Gerber Life College Plan and has been their flagship policy for a long time . They are definitely a niche carrier , targeting the parent and grandparent market . Their contracts have many guaranteed features that appeal to those that do n't want to take any chances that their insurance might lapse or diminish in value over time . I have worked with their service teams on a few occasions and they are knowledgeable and very customer-oriented . The have been rated `` A '' , AM Best 's third-highest financial rating , and `` A - '' by Weiss , which is their 3rd best rating as well . Both of those ratings are within the `` Excellent '' range of both rating services . That gives them a Comdex of `` 80 '' , which means that 80 % of all financially-rated carriers are ranked below them . If by `` legitimate '' you are referring to their contracts being of real value , or if can you trust a life insurance company that is also a baby food company , you may want to do more research . From and industry point of view , they are legitimate .


Input: Does Medicare Cover Urinalysis?

Output: A urinalysis is a test of the urine . This test is covered under Medicare part B . You will need to have a provider that takes Medicare as a deemed provider . Medicare Part B has a deductible and coinsurance . If you have a Medicare Advantage plan you will have a copay as well .


Input: Can I Get Medicare If I Am Unemployed?

Output: Yes , you can get Medicare if you are unemployed , as long as you are age 65 or older and have paid in to Medicare long enough over the years to qualify for Medicare benefits -LRB- 40 quarters -RRB- . Medicare is based on turning age 65 , so even if you retire under age 65 , you must normally wait until you are age 65 to receive Medicare .


Input: Is Health Insurance Included In W2 Wages?

Output: Many employees have been surprised and concerned to see the value of their employer provided health insurance being reported on their W2 's . This is a requirement of the Affordable Care Act . Under transitional relief guidelines issued , so far only employers who issue 250 or more W2 forms in a calendar year are required to report this information . Eventually all employers who provide health insurance to their employees will be required to report this information on the employee 's W2 . This reporting of the employer paid amount for health insurance is for `` informational '' purposes only and is not being added to the employee 's gross income for income tax purposes . There are some skeptics who see this as a precursor to the eventual tax treatment of employer paid health insurance as employee income at some future date but at this time there is nothing in the Affordable Care Act or any pending legislation that would do this . Where this reporting of employer paid health insurance will become a tax issue will be in 2018 when the `` Cadillac Tax '' portion of the health care law goes into effect . The Cadillac Tax will be a 40 % excise tax imposed on health insurance plans whose annual premium costs exceed $ 10,200 for an individual or $ 27,500 for family coverage -LRB- these amounts will be indexed for inflation -RRB- . So , an employer in 2018 who finds themselves with health plan premium levels exceeding these amounts will be assessed a 40 % tax penalty . While such annual premium amounts may seem unreachable by many persons in 2014 . In some areas of the country , and especially with some very rich collectively bargained plans , total costs are already coming close to these trigger points . When one observes the increases in group health insurance plan costs already triggered by the requirements of the Affordable Care Act in 2014 and applies projected inflationary trend increases over the next few years it becomes much easier to estimate that a larger portion of employer based plans could find themselves subject to this tax penalty . This is one of the underlying motivations for more employers to move to high deductible health insurance plans in order to reduce their premium costs .


Input: What Are The Benefits Of Disability Insurance?

Output: The benefits of having disability insurance during times of prolonged sickness or injury can be significant , especially if you 're like most Americans who have 90 days in case reserves . The benefits of disability is the tax free income it generates to keep your bills paid and allow you to live close to your lifestyle while disabled .


Input: Does Estate Include Life Insurance?

Output: Yes , your estate does include life insurance . While you are alive , it just includes the cash value available in your policy or policies . After death , the life insurance proceeds paid out to beneficiaries are included in the value of the estate . If a spouse is alive , there will not be any estate tax consequences . It is when the surviving spouse dies that the life insurance proceeds on that spouse can a taxable event -LRB- or if the first spouse to die left insurance money to the second to die , and those proceeds had not been spent or distributed when the second spouse died -RRB- .


Input: When Can I Change My Medicare Part D?

Output: You can change your Medicare Part D prescription drug plan during the annual enrollment period , October 15th - December 7th of each year . You may be able to enroll in a new Medicare Part D plan at other times during the year if you qualify for a special enrollment period .


Input: Where Do You Buy Renters Insurance?

Output: You buy a renters insurance policy from a trusted insurance agent . If you dont have an agent get recommendations from your friends , colleagues and neighbors . The agent should listen to you , provide sound financial advice and communicate clearly with you and the insurance company . The agent will help you choose appropriate limits of coverage . The time of loss is not the time to discover that your limits were not adequate .


Input: Can I Get Life Insurance If I'm Pregnant?

Output: There are some No Exam policies that will accept application for life insurance at any stage of pregnancy , and at reasonable price . If applying for a policy with medical underwriting , most companies will postpone until after the baby is born if in the third trimester . Up until then , the best rate class is possible .


Input: Does Edward Jones Offer Health Insurance?

Output: This is a good question . The employer will normally determine employee eligibility . Some factors are full or part time , hours worked and there may be a waiting period . You can apply for your own individual health plan and if you change careers you wo n't have to worry about your health plan terminating with your job .


Input: Does A Mother's Health Insurance Cover A Newborn?

Output: If the mother notifies her health insurance carrier on a timely basis , usually within 30 days of the birth , the newborn should have coverage under the mother 's health insurance plan . Check your policy for the exact notification time frame . Once approved , the coverage should begin at birth even though you are notifying the carrier after the fact .


Input: What Is Supplemental Executive Retirement Plan?

Output: A supplementae executive retirement plan or SERP is a form of non-qualified deferred compensation . Since the planned is non-qualified , the employer has the ability to select who participate in the plan -LRB- i.e. they can choose to offer such a plan only to a select number of employees and do not have to make the offer to everyone -RRB- . Traditionally the plans are set up as additional retirement benefits to an employee who is highly coveted by the employer . The plans are used as an incentive to keep certain key employees and disuade them from leaving the employer . The retirement benefits offered under the plan are only payable to the employee if he or she stays at the employer for a certain period of time , which can be a rather longer period of time .


Input: What Is The Difference Between A Variable Annuity And Variable Life Insurance?

Output: A variable annuity is a tax-deferred retirement vehicle that allows the owner to choose from an offered selection of investments . When annuitized , it pays out a stream of income to the annuitant . The investments you choose for your variable annuity can increase or decrease in value and that means the overall value and your payout will follow . While a variable annuity can offer a nice upside , there is risk and if the investments inside the annuity decline in value , your payout will be decreased . A variable life insurance policy is a form of permanent life insurance offering a death benefit to your beneficiaries upon your passing . A portion of the premium you pay for a variable life insurance policy goes toward the insurance , a portion toward various investments that the owner of the policy chooses and a portion goes to cover associated fees related to the management of the investments . The variable life insurance policy owner will be given options for the investments , generally mutual funds . As the value of those mutual funds go up and down , the cash value inside your policy follows . There are many options to variable annuities and variable life insurance products that should be considered before purchasing .


Input: How Does One Get Disability Insurance?

Output: Besides getting Disability Insurance from a local agent , you can find a trusted website that will shop multiple carriers for you . E.g. . Our agency uses Disability Insurance Services to find the best quotes and companies for our clients . If you look your policy through a personal website that treats you well , they can serve you for many years to come . Many people find that online agencies are more prompt in answering service requests than contacting their original agent . But of course , both options are good .


Input: How Does One Get Disability Insurance?

Output: You can receive disability insurance by finding a Life agent in your area or online . It 's nice to have someone in your area that you know so that they can be around to help should you ever need to file a claim . They 'll be able to shop around for you and find quotes from multiple carriers . Be sure you ask to see multiple offers and have your agent explain the different provisions on the policy . Sometimes the bells and whistles seen great , but depending on your occupation , they might be unnecessary . If you have a specific insurance company in mind , they can usually refer you to an agent who is already appointed with their company . You can also look for an disability insurance wholesaler who can put you in contact with an agent in your area that they already know and trust .


Input: How Much Is Typical Home Insurance?

Output: A typical home insurance policy has several pricing points . The first is the location where the property is located . Another factor is the amount of money it would take to rebuild the same structure . Other factors include the amount of liability protection desired and the claims history of the applicant and the home . It is wise to get a quote on homeowners insurance prior to purchasing a home . Occasionally there are reasons that the home doesnt qualify for standard insurance . That could increase the cost of home ownership .


Input: Will Medicare Pay For Liposuction?

Output: Medicare does not cover liposuction as its considered a cosmetic procedure , even if you have an underlying medical condition related to weight . Some bariatric surgeries may be covered depending on medical necessity , such as a gastric bypass or gastric banding . If youre unsure whether your specific circumstances for a procedure would be covered by Medicare , you can contact Medicare directly to find out if the procedure would be covered . When procedures are covered by Medicare , they typically only pay for about 80 % of the covered healthcare expenses . A Medigap plan can cover all or a portion of the other 20 % . If you do not have one in place already , I would suggest considering the purchase of one . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any further questions . Thanks very much .


Input: Will Medicare Pay For Liposuction?

Output: Medicare only pays for procedures that are necessary to preserve the health or life of the patient . Medicare does not pay for surgery , medication , procedures , or treatments that are solely for cosmetic purposes . Thus , Medicare does not pay for liposuction as it is used for cosmetic vs medical purposes .


Input: Does Medicare Cover Post Op Shoe?

Output: Medicare Part B covers one pair of therapeutic shoes or inserts as durable medical equipment -LRB- DME -RRB- each calendar year .


Input: What Is A Tax Qualified Long Term Care Insurance?

Output: Tax-qualified long-term care insurance -LRB- TQ -RRB- pays out a benefit to qualifying insureds that is not taxable as ordinary income . Virtually all long-term care insurance policies sold today are TQ . But , some carriers still sell policies that are non-tax qualified -LRB- NTQ -RRB- because such a policy does not come under the same regulation as a TQ policy . The argument by some is that with an NTQ policy it is easier for the insured to qualify for the payment of long-term care costs . The language of the NTQ policy may also be more generous with regard to benefits , features , and riders . Whether those factors would be worth the possible taxation of the benefits is debatable .


Input: When Does A Life Insurance Policy Go Into Effect?

Output: If a life insurance policy is medically underwritten , it will go into effect after the policy is approved and issued and delivery requirements are received . If it is a No Exam policy , the policy can go into effect as soon as the policy is approved , which could be as short as hours after applying . You must be sure to have enough money in your checking account to be drafted as soon as a No Exam policy is approved .


Input: When Does A Life Insurance Policy Go Into Effect?

Output: Most life insurance companies also offer temporary insurance which can start when the application is submitted with a premium . Most carriers require 2 months premium payment and a signed temporary insurance agreement to put the coverage in effect . If the client does not take the insurance policy for any reason , or it is not approved , then they will get a refund of the initial premium .


Input: When Does A Life Insurance Policy Go Into Effect?

Output: Life insurance usually goes into effect after the policy has been accepted by the insured and payment received by the insurance carrier . Coverage can also be in effect in a temporary manner prior to policy issue while underwriting is in progress . Companies will accept a conditional receipt along with first month 's premium with the application and apply that coverage for 60 to 90 days depending on the company.Some will provide coverage from the application it 's self and others after the medical exam is completed . It can be different in many situations . Please read the temporary receipt before you sign it to see if it seems reasonable to you .


Input: When Does A Life Insurance Policy Go Into Effect?

Output: A life insurance policy goes into effect after the application has been submitted , the underwriting has been completed , the life insurance approval has been made , the policy has been issued , and the policy holder and insured person have signed any necessary delivery requirements and made the first premium payment by check or auto draft .


Input: When Does A Life Insurance Policy Go Into Effect?

Output: When the life insurance company has reviewed your application it will make a decision on whether to make you an offer , postpone the offer or decline the offer . If they offer you a price tag that you feel is fair , then you accept the offer , write a check for the modal premium agreed upon and sign the delivery requirements to put the policy in force .


Input: Does A Roth IRA Double Every 7 Years?

Output: The fact that it is a Roth IRA is irrelevant . The doubling of an investment has to do with the interest rate it is earning . If you use the Rule of 72 , a formula by Albert Einstein , it is a great measurement of doubling money . The rule is simple , divide the number 72 by the interest rate you are receiving -LRB- 72/10 = 7.2 -RRB- , and you will find the number of years it will take to double your money . It is called the Rule of 72 because at 10 % interest , the money will double every 7.2 years . So in order to double your Roth IRA every 7 years it must be earning just over 10 % . This is a very aggressive estimate with current interest rates around 1 % to 2 % .


Input: Will Homeowners Insurance Drop Me?

Output: Your insurance policy has a specific term . The company is not obligated to renew the policy for another term . Most do . The company can cancel the policy before the end of the term if they suspect fraud or determine that there is an unsafe condition present . The company might conduct an inspection that uncovers conditions that require repair to avoid cancellation .


Input: Where Should I Buy Critical Illness Insurance In New Jersey?

Output: I can sell policies in New Jersey and in New York . There are many companies that offer this coverage . Some plans may be different than others however they do serve their purpose . I work with all major carriers which is best to give you the best coverages at the best rates . It is best to speak with a licensed agent to obtain a specific coverage option . I am licensed and I have many plans from the top carrier for this coverage .


Input: Where Should I Buy Critical Illness Insurance In New Jersey?

Output: It is health insurance companies that carry critical illness insurance , so you can go to any business or website that offers health insurance to find critical illness insurance in New Jersey . Anyone answering questions about critical illness insurance on this website would also be a good resource to use when going to purchase it .


Input: Where Should I Buy Critical Illness Insurance In New Jersey?

Output: Critical illness insurance provides a tax-free lump sum payment if youre diagnosed with a illness covered by your insurance policy . It can pay your mortgage , debts , or home retrofit to accommodate your medical condition . You should be able to go online to a brokerage firm that offers several critical illness policies to select the one that is right for you .


Input: Where Should I Buy Critical Illness Insurance In New Jersey?

Output: I am a Insurance Broker practicing in New Jersey , I would be more then happy to help you . I can answer any questions you have , provide you with your options , and enroll you in a plan of your choosing . Please send me an email or give me a call - Christopher@Lawrence-Financial-Consulting.com -LRB- 609 -RRB- -453 -4359


Input: How Much To Pay For Homeowners Insurance?

Output: How much should you pay for homeowner 's insurance ? It depends on many variables including the coverage on the dwelling , personal property , liability and other items . Naturally , where you live and what the home is insured for will play major roles in determining the premium . I know ... You want a price . How about between $ 200 and $ 1500 per year . It 's a huge range but by contacting a broker , within minutes , we can provide an exact rate .


Input: What Is The Best Life Insurance For My Parents?

Output: Many questions must be answered before we could really honestly answer this question age , health , assets , liabilities , investments etc. . So what I am saying is find a planner and be willing to lay it all on the line and let the planner search for you the best way to go . With the economy being down you are thinking on the right path be patient and search .


Input: What Is The Best Life Insurance For My Parents?

Output: That 's almost a `` trick '' question ! How old are your parents ? What would be the primary purpose for this policy ? Do they have any existing life insurance ? So really then what is the best life insurance for your parents depends on their objectives , their age and what they can afford . My best advise on this would be to consult with an insurance adviser that is not tied to just one provider . And make sure you understand the benefits and length of coverage of any policy you are considering .


Input: What Is The Best Life Insurance For My Parents?

Output: The best life insurance plan for your parents is the policy that accomplishes their goals . It really depends on the need for life insurance . Do they have debt to be repaid ? Do they need to shelter some money for retirement ? Or do they just need enough to cover their final expenses ? Answering these questions will determine the type and amount of life insurance your parents need .


Input: What Is The Best Life Insurance For My Parents?

Output: When adult children are looking for life insurance for their parents , I find that that most common scenario is this : 1 -RRB- The parents are OK with their children doing the research , but are not crazy about doing it themselves , or may be unable to tackle that task for health or cognitive reasons . 2 -RRB- Children are usually looking for a final expense policy that will take care of their parents ' funeral and burial costs , pay off misc bills that may be present at death , and pay costs of settling the estate . 3 -RRB- The parents may go along with a minimum amount of underwriting , but may balk if there is an exam required . If that is the type of scenario you are presented with , I recommend getting a simplified issue whole life insurance policy . If your parents have serious health issues , they may need to go with a guaranteed issue whole life policy that is graded during the first 2-3 years . You will need to sit down with your parents to get their list of medications and health conditions , then contact an agent who understands final expense insurance to see if they can qualify for a simplified issue whole life policy that pays 100 % from day one for death by any reason . Some tips : 1 -RRB- You will want to go with whole life because it is certain to be in effect when death occurs , as long as premiums are paid . 2 -RRB- Look for a policy that has premiums locked in . Surprisingly , some very popular policies offered to seniors have rates that go up as they age , often making them unaffordable just at the time when they are needed . 3 -RRB- If your parents do n't want to do a telephone interview , you can get them a guaranteed issue policy that does not require a phone interview . Best wishes and please do not hesitate to contact me or other life agents on this website for assistance .


Input: What Is The Best Life Insurance For My Parents?

Output: The underlying issue normally for this question is paying final expenses . If that is correct then permanent insurance is the only policy to consider because you do not know when they will die . I normally prefer whole life in this situation as it has guarantees that are easy to understand . To do this , children need to obtain the cooperation of the parents .


Input: Who Needs To Buy Long Term Care Insurance?

Output: Those who need to buy long term care insurance are those who have assets that they wish to leave their heirs , such as farms , substantial investments , or commercial real estate . However , those with great wealth may wish to fund their own long term care . Some people buy long term care to keep their families from having to worry about them , or to ensure that they will have a say in the type of care they get .


Input: Who To Buy Renters Insurance From?

Output: Buy an insurance policy from an agent that you trust . Ask your friends , neighbors and colleagues for recommendation . Listen carefully to the recommendations of the agent . Makes sure the agent records the information that you provide and then transmits that to the company . Make sure that the policy is exactly what you ordered . Although the initial premium is important the acid test will be the limits of the policy when a claim arises . You can skimp on coverage now and wake up with a terribly headache when you experience a major claim .


Input: Who To Buy Renters Insurance From?

Output: Great question ! Almost all major insurance companies offer some form of renters insurance , so there are plenty of policies to choose from . I 'd recommend that you find an independent agent to help you find the best policy for you . A tip ? Ask for `` replacement value '' versus `` actual cost '' when you look . You will appreciate the difference if you ever need to file a claim . Anything else that I can help you with , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: Is Globe Life Insurance Legitimate?

Output: Globe Life Insurance is a small 3 billion asset life insurance company with ratings from the following rating services . A.M. Best -LRB- Best 's Rating , 15 ratings -RRB- A + -LRB- 2 -RRB- , Standard & Poor 's -LRB- Financial Strength , 20 ratings -RRB- AA - -LRB- 4 -RRB- , Moody 's -LRB- Financial Strength , 21 ratings -RRB- , Fitch Ratings -LRB- Financial Strength , 21 ratings -RRB- A + -LRB- 5 -RRB- , Comdex Ranking -LRB- Percentile in Rated Companies -RRB- 92 Asset Analysis as of July 3 , 2013 .


Input: Is Globe Life Insurance Legitimate?

Output: Hah ! Interesting question and it makes me wonder what you 've heard ... Globe Life Insurance Company is indeed a registered insurance company so it conforms to the standards of practice mandated by the law . Therefore it is a legitimate company . I have heard some things about their products and service that make me wonder if they are a good choice , but I have had no personal experience with them . I always recommend that you consult with an insurance adviser / broker that can explain the different products and their benefits and drawbacks to you before you decide which way to go .


Input: Will My Friend's Insurance Cover A Tree Falling On My Uninsured Boat?

Output: You would be looking at paying for the repairs out-of-pocket . Insurance on a vehicle only covers the vehicle -LRB- s -RRB- designated for the coverage . For example , your friend 's insurance would only cover vehicle -LRB- s -RRB- covered under his plan , which from your information would indicate your boat is not covered . Some policies may have liability coverage if the insured person 's property damaged someone else 's property , but that does not appear to be the case here . Given that a tree fell on it , your boat would only be covered if you had insurance on it .


Input: Will My Friend's Insurance Cover A Tree Falling On My Uninsured Boat?

Output: Actually , that depends upon a couple of factors . Your friend apparently has homeowners ' insurance which would include liability coverage , so one factor seems to be met . The question then becomes about the condition of your friend 's tree . If the tree is healthy and is just taken down or damaged in a passing storm , then your friend 's policy would not cover the damage to your boat . If on the other hand , the tree is dead or diseased AND your friend knows it AND has done nothing to remove or have the affected branches pruned away , your friend would be seen as negligent . If that is the case , then the liability portion of his Homeowners ' policy would provide coverage .


Input: Is Plastic Surgery Covered By Health Insurance?

Output: The new ACA -LRB- Affordable Care Act -RRB- covers many additional expenses that were not previously covered . Plastic surgery is typically covered on most 2014 plans if it is a result of an illness or injury . Cosmetic surgery can be covered in many ways , depending on the company and plan you choose . As experienced brokers , we shop the top-rated companies and find the policies that provide the coverage you need . Under new legislation , there are no medical questions or physicals , and your acceptance is virtually guaranteed .


Input: Do Annuities Have RMD?

Output: A tax deferred annuity is an insurance product . RMD is an acronym for required minimum distributions at age 70 1/2 in a qualified plan . You can have an annuity in a qualified plan as a funding vehicle . At age 70 1/2 , you would have to take required minimum distributions from your annuity -LRB- if that 's the only product in your plan . -RRB-


Input: Do Annuities Have RMD?

Output: To build on what Steve wrote . Annuities can be a great tool to satisfy the RMD requirement . A Fixed Annuity can be `` Annuitized '' , meaning they take a portion , or all of the funds and create a yearly or monthly income to pay you for the rest of your life . This Annuitization will satisfy the RMD requirement . it will also maximize the amount of income you receive when compared to taking the standard RMD withdrawals . This can be accomplished through Annuitizing a Deferred Fixed Annuity , using an Income Rider on an Indexed Annuity , or transferring funds into a Lifetime Income Annuity .


Input: Does Renters Insurance Cover Gifts?

Output: It may provide some limited coverage that may be subject to your policy deductible . Please rember every policy is different . Read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Does Renters Insurance Cover Gifts?

Output: Renters Insurance covers any personal property or personal property of others in your care , custody , and control from various named perils listed i your policy . If a gift is stolen or is damaged by one of the other perils mentioned it would be covered subject to the deductible in your policy .


Input: How To Compare Home Insurance Rates?

Output: The objective of purchasing a homeowners policy should be to protect you against an unsustainable loss . The most expensive homeowners policy is the one that is inadequate when a loss occurs . The cheapest homeowners policy is the one that pays what you expect it to pay . Many think that by shopping they will save money , where the real issue is level of protection and that is very difficult to shop for . Get an agent and trust the agent to do what is right for you .


Input: How To Compare Home Insurance Rates?

Output: This topic must be approached with great caution !!! Those shopping for home insurance most usually get involved in a self inflicted scam of shopping unlike products and end up making a final decision on something other than their goal ! It is very difficult to compare like coverage between insurance carriers ; thus allowing a true similar comparison . Carriers sometimes offer different deductibles , different coverage limits and different endorsement options . Depending on the customer 's needs , it is often that an important item goes unchecked in haste to complete the transaction . We recommend shopping for insurance not more frequently than once every three years and taking at least an hour to go over the coverage in detail before making a change of carrier.In today 's economy , there are clients that spend 10 - 15 minutes each and every year and simply contact someone after receiving an advertisement of a lower rate ; the topic of coverage goes untouched and the client saves $ 20 over the prior carrier 's premium . The truth will come out when there is a claim and the client questions why he/she did n't have the necessary coverage ; please do not fall into this trap - it defies the purpose of purchasing the insurance coverage in the first place . In some of these ` rush ' cases , it is also possible that following an inspection of the property , the carrier legally makes necessary changes and the client ends up with a higher premium than what they originally had with the prior carrier . It is prudent to purchase insurance at least one month ahead of the desired effective date to give the new carrier time to order an inspection and send notice of any changes which the homeowner may decide against . This would also allow you time to pay your renewal and continue with the prior carrier . The best recommendation in most parts of the United States is to try and find an insurance brokerage that represents a number of carriers ; you should call and speak to a broker explaining exactly what you 're looking for and supply a copy of your current policy for the broker to properly compare the coverage and endorsements and ask the broker to contact you if they can come up with a better offer without discounting any coverage . In addition , you may wish to contact a couple of the National Captive carriers such as Allstate and State Farm and obtaining a comparison quote . This way , you can compare the work of a broker against the Captive agents of Allstate or State Farm making sure you have completed a concise and informed cycle of review . For further information , you may contact WEBSITELINK and one of our agents will be happy to answer your more specific questions !


Input: Is Home Warranty Insurance Worth It?

Output: A home is one of the largest investments you will ever make . When you purchase a home however , there could be and usually are , a lot of hidden problems that surface after you have been in your home for a while . This is true especially if you purchase an older home . Some of these problems can be costly . Does n't it make sense to protect your investment ?


Input: How Does A Life Insurance Trust Work?

Output: Life insurance does not need a specific life insurance trust to be the life insurance owner and/or beneficiary but it can provide some additional flexibility in planning . The decision to engage an experienced estate planning attorney to utilize a life insurance trust is usually reserved for more complex situations where the set up and maintenance costs can be justified . While there are many different types of trusts , an irrevocable life insurance trust is a trust with the primary purpose of owning a life insurance policy in order to remove life insurance proceeds from the taxable estate and , as a result , avoid paying estate taxes on those proceeds .


Input: How Does A Life Insurance Trust Work?

Output: Generally speaking a life insurance policy is used to fund the trust . The trust spells out the conditions upon which the money can be paid out . For exam a Funeral Trust uses a life insurance policy that uses the trust as the beneficiary . The terms of the trust state that the funds can only be used to pay for matters related to final expenses . The life insurance policy is just the funding vehicle , the trust is the legal document specifying how those funds are used .


Input: How Does A Life Insurance Trust Work?

Output: Assuming you are addressing irrevocable life insurance trusts -LRB- ILIT -RRB- , the chronology of events and ownership are very important . The grantor can not have any incident of ownership . The ILIT must be the owner and the date of the ILIT must precede the policy date . The ILIT will name the beneficiaries of the trust and premium paid by the ITLIT grantor must conform to annual gift tax or unified credit rules to avoid taxation of premiums . Consult your legal adviser before moving forward with any creation of ILIT .


Input: Does My Life Insurance Policy Have Cash Value?

Output: There are two types of life insurance fundamentally , term life insurance and permanent life insurance . Term insurance has no cash value with an exception of a return of premium rider at the end of the term . Permanent life insurance comes with different names . the most popular are whole life , universal life , indexed universal life and variable life . These all have a cash value component . Open your policy to the declaration page . This page will tell you the type of policy you have . If you find it is a permanent plan mentioned above , then turn over to the illustrations page . These pages will give you the cash value of at each policy year with the cash value of your plan .


Input: Can I Get Life Insurance With Sleep Apnea?

Output: Yes , most people with sleep apnea can get life insurance . If mild and controlled by regular use of Cpap or bipap , or if the sleep apnea has been corrected by surgery , the applicant can even be rated Preferred for some life insurance policies . Severe sleep apnea that is not controlled , or when there is no follow up or Cpap is not used as directed , the policy can be rated up or even declined .


Input: Can I Get Life Insurance With Sleep Apnea?

Output: Depending upon if your sleep apnea is mild and controlled , not severe and uncontrolled , you should be able to secure life insurance coverage at standard offers or better . Some sleep apnea can be corrected with surgery and some life insurance companies are benevolent because it was corrected . The real problem is diagnosed uncontrolled sleep apnea with no Cpap machine , that can cause dramatically affect an underwriting offer or outright declination .


Input: Can I Get Life Insurance With Sleep Apnea?

Output: Can you get life insurance with sleep apnea ? Yes , it is possible to obtain life coverage while having sleep apnea , but chances are the class will be standard or lower . Sleep apnea is an unpredictable outcome illness as it can be the begining of other serious coniditions . Someone with sleep apnea must show good control , consistent use of their c-pap machine -LRB- currently 50 % of the people stop using their cpap after one year . -RRB- and not have issues elsewhere .


Input: How Much Does Life Insurance Cost For A 20 Year Old?

Output: Of course , how much life insurance costs for a 20 year old depends on how much life insurance the 20 year old is purchasing , how long they want the premium to be locked in , whether they have any health problems , and if they want to purchase a policy that requires an exam or goes with a quick policy requiring no medical exam . For a very healthy nonsmoker at age 20 , who is purchasing $ 100,000 of 30 year level Term without having to take an exam , the price is about $ 25/month . This is much less if you take an exam .


Input: Can Creditors Take Life Insurance Money?

Output: If the person who passed is the one with the debt , and if that person was the Insured person on the policy , then creditors can only take life insurance money left if the beneficiary was the Insured 's estate . If the Insured chose a person as the beneficiary , creditors can not take life insurance money from the beneficiary , unless perhaps the beneficiary was a co-signers on the insured person 's debt .


Input: How To Evaluate Life Insurance Companies?

Output: A lot of it depends on personal preference and what your concerns are . If you want to make sure it 's with a top-rated company who is financially strong and stable , you want to look at what their rating is -LRB- e.g. A.M. Best ratings : A , A + , and A + + indicate superior financial ratings -RRB- . If you 're looking at permanent , long-term coverage , you may want to look at the most stable companies because you want them to be there for the next 50 , 60 , 70 , years . If you 're only looking for a 10-year term insurance policy , you may be willing to look at a company with less favorable numbers because their rates are cheaper . It can also be helpful to look into reviews that people say about the company - positive aspects , any major continuous issues with claims , etc. ? The other major thing that everyone looks at is pricing - your premiums that you pay . There 's no one company that offers the `` best '' life insurance policy . The carrier that 's going to offer the best rates for you may not be the carrier the offers the best rates for someone else . This is because people may qualify for different risk classes -LRB- one of the single-most critical things to think about with coverage -RRB- , they may be looking to secure a different amount of coverage , keep the coverage for a different length of time , or may live in a different state -LRB- not every product from every carrier is available in every state -RRB- . All of these factors go into the calculation of rates . You 'll want to consult with an independent life insurance agent/broker who can compare multiple companies and make sure that the policy you apply for is best serving the desired needs that you want to have the coverage in place to protect .


Input: How To Evaluate Life Insurance Companies?

Output: How long have they been around . How quickly do they pay . How difficult are the to deal with and/or approve a claim . Do they have a local agent you can actually see , talk with and meet with . Is that agent actually interested in what is best for you . Do they have the type of policies you need and are looking for . Are they interested in covering someone like you , and with the health issues you might have . What are their rates and can you afford the coverage you need . Thank you . GARY LANE .


Input: How To Evaluate Life Insurance Companies?

Output: Great question ! When evaluating an insurance company , here are some things to look for : First , their financial stability - Standard and Poors , and AM Best are companies that rate the financial soundness of companies . Look for anything in the `` a '' range as being very financially stable , and capable of paying your claim . Look at the complaints filed against the company - do they have a pattern of issues paying claims , or denying them ? Lastly , are the applications and brochures clearly worded ? Do they make sense to you ? Are the agents of good quality ? Once you get comfortable with these questions , then look at their prices , coverage , and policies . If you would like help , please feel free to contact me , okay ? Thanks for asking !


Input: How To Submit A Renters Insurance Claim?

Output: To submit a claim for bodily injury , property damage or damage to personal property on your renters policy , contact either your agent or the direct number provided by your insurance company . Before you file the claim you should understand that the claim might trigger an increase in future premiums . If the damage is near the deductible you might pay less by not filing the claim . Discuss this with your agent if you have the time . If you are sued , notify the company immediately .


Input: How Much Is Family Health Insurance Per Month?

Output: How much is family health insurance ? With more than 33 years of experience as a health insurance broker , I 'll provide a quick , accurate and direct answer . Your cost could be $ 1 per month or much more , depending on your federal subsidy -LRB- and of course , household income -RRB- , your age , where you live , and type of coverage you need . Of course , our job is to find the best rates and coverage , and explain which plans are the best options . As you can see , there are multiple answers to the question . But the most important thing is to get the best value for your money .


Input: How Much Is Family Health Insurance Per Month?

Output: How much you should be paying is a hard figure to try and quantify . The average cost per person in the country for a health insurance plan is $ 328 per month - however , this is only reflective upon a silver level plan -LRB- not all 2014 state figure averages are available yet -RRB- . While you can try to come up with an `` average '' cost , there 's too many factors that go into premium pricing to say how in relation that compares to you . In short , an `` average '' premium is a rather useless figure to the individual . It 's only representative to a large group - you could have people paying a small nominal amount -LRB- after factoring in subsidies -RRB- per month to several thousand dollars per month . Even for that there 's a ton of information to sift through to get an accurate representation . Under the new Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . You may be able to qualify for a subsidy that can be used to reduce the cost of your health insurance premiums . You may also have options for group coverage through your employer . I always recommend consulting with an experienced broker . We can help you determine the plan that 's going to be most suitable for your needs and budget . Please let me know if I can be of further assistance . Thanks very much .


Input: Which Home Insurance Covers Flood?

Output: No homeowners insurance will cover flood . This is not to be mistaken with water damage that may occur from a broken pipe in the home or possible overflow from a dishwasher or washing machine . These type of things will be covered if you have a special form HO3 policy . But an actual flood caused by rising water is always excluded and you would need to purchase a flood policy .


Input: Which Home Insurance Covers Flood?

Output: All homeowner 's policies exclude flood insurance . A separate policy must be purchased -LRB- which is a flood policy . -RRB- You can contact a local independent agent who can provide a quote for you . They should be able to provide a quote using your home address . Good luck . Best , Josh DeBoer jdeboer@fdands.com fdands.com


Input: Which Home Insurance Covers Flood?

Output: Flood damage is a standard exclusion found in all Homeowners policies . Unlike coverage for earth movement , or some limited coverage for water damage caused by the backup or failure of a sewer or drain system , which can be endorsed into the policy , the only way to obtain comprehensive coverage for flood damage is by purchasing a separate Flood Insurance policy .


Input: Who Has The Cheapest Term Life Insurance?

Output: No one single insurance company offers the cheapest term life insurance to everyone . Every carrier has their own underwriting guidelines so the carrier that 's best for you may not be the best for someone else . There are 4 main factors that determine the premium that you pay for your life insurance policy - your age , the face amount of the coverage , how long it 's guaranteed for -LRB- term vs. permanent -RRB- , and the risk classification a carrier will offer you . The risk classification is the MOST important factor in evaluating which insurance company will offer you the lowest rates for a term life insurance policy.The company will look at your personal medical history , smoker status , height/weight profile , results of the medical exam -LRB- if applying for a policy requiring it - no exam policies typically cost more -RRB- , your family medical history -LRB- e.g. cancer or heart disease before age 60 in the immediate family -RRB- , motor vehicle record , and any hazardous activities you may participate in -LRB- such as aviation , scuba diving , drag racing , etc -RRB- . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . It 's best to consult with an experienced life insurance broker who can shop your case among multiple carriers to see who will offer you the most favorable risk classification for your program . Please feel free to contact me for help or if you have any other questions . Thanks very much .


Input: Who Has The Cheapest Term Life Insurance?

Output: Who has the cheapest life insurance or rather who has the best rates for life insurance ? The company that has the best rates for insurance at a particular age and for a specified amount varies . No one company has all the best rates . Perhaps the best way to answer this is to change the question to : How do I find the best rates for term insurance ? You could start with an online quoting service to give you a point of reference . Be sure and compare renewal rates along with the initial premium . There are more factors to consider than simply price . Which is why you would best be served by working with an independent insurance broker who can access several companies to get you the right plan 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: Who Has The Cheapest Term Life Insurance?

Output: You could easily determine this by getting comparative quotes from one or more agencies that handle this type of insurance . However , there is an important issue that should be considered . ` Cheapest ' is often associated with less than quality . Think in terms of a small , under-funded insurance company that could fail financially , just when your family needs the coverage . You are far better-off getting comparative quotes for the amount of insurance you desire and then choosing the strongest company in the group . Your agent can help you with this process . Do n't fall into the ` cheap pit ' . It can hurt you and your family .


Input: Who Has The Cheapest Term Life Insurance?

Output: The cheapest term life insurance may not be the best route to go . What you really need is the best rate for the best term life policy that meets your exact needs for your unique situation . I personally have written three different polices with three different companies on the same client to achieve the best rates for the best coverage . There are way too many variables to predict one company every time for everyone . I suggest you find a trusted experienced independent broker to shop the market for you . Their expertise is free of charge to you as a consumer .


Input: Who Has The Cheapest Term Life Insurance?

Output: The cheapest term insurance policy is one that accomplishes your desires . You are buying peace of mind in troubling times . Setting the appropriate limit is the most important part of the process . A trusted agent can guide you . If you die and your family discovers you could have saved $ 300 do you think that they will refuse the death benefit ? Good advice is worth a great deal .


Input: Who Has The Cheapest Term Life Insurance?

Output: If you go to a website that offers free , instant life insurance quotes from multiple companies , you can enter some factors -LRB- date of birth , gender , term length , face amount , etc -RRB- and see which life insurance companies have the lowest quotes . If there were no questions about build or health , you are most likely viewing quotes for the best rate class , which may not be the class you qualify for . But that exercise does give you an idea of which companies offer the cheapest rates for term insurance for those in perfect health . Keep in mind that being overweight , having a health condition , or being older will probably result in other companies offering the cheapest rates . To find the lowest priced term life insurance rates for you , it is best to call an agent so that they can gather all these variables and do the shopping for you .


Input: Who Has The Cheapest Term Life Insurance?

Output: I 'm assuming that you want to know what company offers the least expensive Term life insurance policies in general . Most likely that would be an insurance provider that specializes in Term insurance and does n't do a lot of expensive advertising . Personally as a broker I only work with companies that are A + rated or better by the 4 independent rating agencies , and among those I 've found that Genworth , Banner , and Transamerica usually come in with the lowest rates . However the specific circumstances of the insured will have a bearing on the premiums . Gender , age and health , as well as the length of the term and the face amount of the policy each have a good deal of impact on the premium . My question to you , or rather my advise would be to get with a qualified Insurance Adviser and find out how a term policy may benefit you with your particular needs , and if Term may NOT be what you should be looking at implementing . Term insurance is the cheapest of the different types of life insurance to be sure . But is Cheap what you want or need , or is it rather Value that will benefit you the most ?


Input: What Is Surrender Value Of A Life Insurance Policy?

Output: The surrender value of your life insurance policy is the amount of money you can walk away with if you cancel your policy today and cash surrender it . With whole-life insurance , the surrender value is guaranteed to always go up each year . It will never decrease as long as you are paying your scheduled premiums . There wo n't usually be any surrender value during the first two or three policy years .


Input: What Is Surrender Value Of A Life Insurance Policy?

Output: The surrender value of a life insurance policy is the amount that you would get from the insurance company if you decided to drop the policy before it matures or before death occurs . It is the amount of savings that built up in your policy , minus any surrender charges -LRB- surrender charges occur during the early years of the policy -RRB- . The surrender value can be rolled over into a new policy or taken as cash .


Input: Does AAA Offer Homeowners Insurance?

Output: I do n't know about homeowner policy availability through AAA in every State but I can speak personally for Florida . They are my homeowner carrier in Florida . Their rate was reasonably competitive and the coverages are good . The customer service was great . Therefore , since Florida is one of the least favorite States for top insurers to do business in , I would think that the chances are good they are available in most States . If you are an AAA Member , you have a chance to get a good carrier .