Input: Does Car Insurance Cover Dwi?

Output: If you mean does auto insurance pay for a claim when you had an accident and were charged with a DUI , the answer is yes . I have seen some companies however exclude paying a claim if the DUI was considered a felony . This is usually not the case and the claim is paid . I would say this is about the only silver lining of what comes to follow by a DUI .


Input: Why Does My Life Insurance Send Me A Letter Every Year Saying The Policy Expires In 2 Years?

Output: It is impossible to ascertain what is going on without seeing your original policy and the letters you are getting every two years , but it sounds like you may have purchased a Universal Life policy . The maturity date may have been based on current interest rate and cost of insurance -LRB- COI -RRB- , then either the interest rate went down , or the COI went up , or both . If that is the case , then you may need to increase your premium in order for your policy to be paid up in 25 years . In fact , if you are getting letters saying it is going to expire soon , you may need to increase the premium just to keep it in effect . If you ask them for a current policy illustration , that will show you how long your policy is guaranteed to last with your current premium . It may be that you just need to pay a little extra one month to get your policy back on track . If it truly does need a large infusion of premium to keep it in effect , you will need to determine whether that is worth it . If your husband has excellent health , he may be able to find a permanent policy that is guaranteed not to lapse until the end of his life , without paying a lot more than what he is paying now . If his health has declined , and there are some guarantees in his current policy , it may work out best to just adjust what you have .


Input: When Do Insurance Companies Write Off A Car?

Output: That is going to vary from carrier to carrier . I have been told that if the cost of repairing the vehicle is greater than the valuation of the vehicle -LRB- which is based on a recognized system -RRB- then the carrier may choose to consider the vehicle `` totaled '' and pay up to the vehicle 's value or the policy limits which ever is lessor minus your deductible .


Input: What Is The Cheapest Car Insurance Out There?

Output: The cheapest car insurance out there ? This is a question that I am often asked -LRB- since I 'm a broker with a top car insurance website -RRB- . It really depends on a number of factors including where you live , your age , your driving record etc. . . It could be Esurance . It could be Geico . It could be Progressive or many other carriers . The only way to find out is to provide some basic information and allow us -LRB- or a broker -RRB- to shop for the best rates .


Input: How Do Health Insurance Companies Make Money?

Output: Health insurance companies make money by charging more in premiums than the pay out in claims . The company has to project claims expenses 12 months into the future when setting premium rates . Most plans change premium rates only once per year . The Affordable Care Act requires that insurers spend 80 % to 85 % of premium dollars on direct medical care . If the ratio falls below that figure then the difference must be refunded to policyholders .


Input: Who Has The Cheapest Renters Insurance?

Output: The cheapest renters -LRB- tenants -RRB- insurance is the one that pays the full amount needed when a claim is filed . Anything less is a poor policy . The cheapest policy is the one that comes from an agent that you can trust . With that agents advice you can craft a policy that will provide adequate protection for you .


Input: Are Bed Bugs Covered By Geico Renters Insurance?

Output: I ca n't specifically speak for Geico because I do n't represent them and I have n't read their policies . I can however , speak from 22 years in this business as both a captive and an independent agent with many years of advanced education . There are usually two coverage forms that are used in renters policies , Broad Form and Special Form . Broad Form lists which perils you 're property is insured against and insects are not one of them . Special Form covers everything except what 's excluded and insects are excluded so , in general , no , bed bugs would not be covered . The fact that this question had to be posed here is testament to why you need a good agent . A good agent would be able to answer such a question and , if he/she could n't , they could find out and would get back to you quickly . Be smart , find an agent you can trust . Even if they cost a little more , they 'll save you big dollars in the long run .


Input: How Can I Join A Group Health Insurance Plan?

Output: You would need to get employment with a company or organization that offers group health insurance to its employees . Group health insurance is almost always associated with a person 's place of employment , hence the term `` group insurance '' . While they are increasingly rare , there are some association groups that offer group health insurance to their members so this might be another possible access point to group coverage .


Input: What Is Mortgage Life And Disability Insurance?

Output: Mortgage Life and Disability Insurance pays the lender monthly mortgage payments during a time of disability on the part of the person who is paying off the mortgage . The payments end when the insured person is no longer disabled . It pays the remainder of the mortgage to the lender if the person purchasing the home should die .


Input: Can I Get Disability Insurance In California If I'm Pregnant?

Output: If you are pregnant , it is usually impossible to purchase Disability Insurance that will cover your pregnancy , in California or any other state . Sometimes you can purchase Disability Insurance that will exclude your current pregnancy . California does have government sponsored DI for persons not working for the State , but again , you must get it before you are pregnant .


Input: Can I Get Disability Insurance In California If I'm Pregnant?

Output: There is a pretty good chance that you already have coverage through the state . Private workers are automatically enrolled in the program . Check your pay stubs to see if deductions for SDI -LRB- State Disability Insurance -RRB- have been withheld . If so contact the Employment Development Division for help in filing your claim .


Input: Does Home Insurance Cover Mobile Phones?

Output: Mobile phones are covered under your personal property coverage under your homeowners policies . However they are only insured against the covered perils listed in the policy , and are still subject to your policy deductible -LRB- typically $ 500 or $ 1000 minimum -RRB- , so a claim for just your cell phone is usually not feasible . Furthermore , accidental damage & handling is n't a covered peril under your homeowners policy , along with simply misplacing the item and not knowing what happened to it .


Input: Is VGLI Term Life Insurance?

Output: Yes , VGLI is Term Life Insurance . Veterans Group Life Insurance is renewable for life , with rates going up in five year bands . E.g. . At age 29 , $ 100,000 of coverage costs $ 8/mo . At age 75 , $ 100,000 costs $ 450/mo , at rates set in 2008 . It is able to be converted to a commercial permanent policy , if desired .


Input: Is Life Insurance Mandatory In Montana?

Output: No , life insurance is not mandatory in Montana or any of the other 49 states in the United States . Sometimes , e.g. , BA loans will require purchase of a life insurance policy to cover the loan . But there is no state or federal law requiring the people purchase life insurance .


Input: How Much Does Disability Insurance Cost?

Output: Disability insurance depends on a number of factors . The cost -LRB- your premium -RRB- is based on a number of factors - the most important being your medical history , your job , and your income - and the policies are very customizable . This is a very important type of coverage to have that many do n't think about and not something you want to be cheap about . It protects one of your greatest assets - your ability to work . If you ca n't work because of an injury or illness , how do you provide income for you and your family . The answer ? Your disability insurance . When you 're buying a disability policy , the MOST important factor in the policy structure is the DEFINITION OF DISABILITY . Each policy will use 1 of the 3 definitions : 1 -RRB- True Own Occupation - this says you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation , even if you are at work in another occupation . In short , this is the most favorable definition you can have . 2 -RRB- Modified Own Occupation - this says that you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation . This one is commonly seen in many individual disability insurance policies . 3 -RRB- Gainful Occupation - this says if you are unable to perform the duties of your occupation or any occupation for which you are qualified for by education , training , or experience due to sickness or injury . In short , this is the least favorable definition . This one is commonly seen in group disability insurance policies through an employer and property and casualty insurers that offer disability coverage . There are many moving parts to disability insurance and is not something I would suggest trying to buy on your own - this is a type of coverage you should consult with an experienced independent disability insurance broker about . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much .


Input: How Much Does Disability Insurance Cost?

Output: It truly depends on a few factors . First , the general health of the applicant affects the rating received . Also , the type of work the applicant does also has bearing on what type of coverage can be offered at separate price points . Third , the lenth of time that benefits would be guaranteed comes into play , along with how much of a benefit per month is being sought . Now , different companies weigh all these factors in different ways -LRB- according to what their in-house actuaries conjure up as risk/reward decision points -RRB- , and as such there could very well be a `` band '' of prices offered by different companies for the same person and same set of factors .


Input: How Much Does Disability Insurance Cost?

Output: Some financial planners recommend spending no more than 1-3 % of your income on Disability Insurance . The cost of Disability Insurance does depend on your age and health , though , and those who are older or have signs of worsening health may have a legitimate need to spend more than the recommended amount .


Input: How Much Does Disability Insurance Cost?

Output: Disability insurance costs are based on your annual compensation you want to cover . It is also determined by your gender , age , smoking status , health history and your current medical condition . Other personal items that factor in the premium you 'll pay is vocational hazards , recreational activities and motor vehicle violations . You may pay between 3 and 5 % of your covered annual compensation .


Input: Where To Find Individual Health Insurance?

Output: From me , of course . If you are like most Americans shopping for health insurance is not only about as exciting as watching paint dry but you also find yourself in a world you do n't fully understand and where the people seem to speak a foreign language . Of course , you can always go online and shop around or , even more fun , go to HealthCare.Gov or your state 's health insurance marketplace and shop there . That works for some people but millions of others have learned the painful lesson that there are a lot of factors to consider when making a purchase as important as health insurance that are very difficult to present concisely on a web site . Seek out the services of a qualified life and health insurance agent . An independent agent not tied to one specific insurance company can shop the entire marketplace for you and can be impartial . An agent with additional professional certifications such as Chartered Benefits Consultant , Certified Employee Benefits Consultant , Registered Health Underwriter are examples of professionals who have taken their education and training beyond the simple requirements to get a life and health insurance license . These are the characteristics I would recommend you look for in a health insurance agent . It does n't cost you anything extra to get these professional 's services and they do all the work , can answer your questions , and point out those not so obvious issues with provider networks , how your specific medical and/or prescription needs are covered by different plans that the average consumer often misses or does n't even know to ask about . ObamaCare has not made all health insurance policies equal , quite the opposite in fact . Ask your friends or co-workers , do an Internet search for health insurance agents , or contact me . But you 'll be glad that you got professional guidance on this matter .


Input: Can Illegal Immigrants Get Private Health Insurance?

Output: In most cases the answer is no . Most major medical health insurance plans require you to be a US citizen or legal resident . There are some supplemental health insurance plans that do not ask citizenship or residency status . There are also international travel medical plans that do not ask if you are in the US legally .


Input: How Much Does Life Insurance Cost Per Year?

Output: There is no set cost for life insurance like there is for Medicare or homeowner 's insurance . Life insurance comes in a large variety of term and permanent products , and each option has a different price structure , not to mention the difference in prices between companies . The price also depends on your age , health , and how much you need . To get some samples of life insurance rates , you can visit a website that offers instant quotes . Input your info and actual life insurance rates will come up at the end . You can even change the data on some websites like ours , so that you can review the prices for different types of policies .


Input: How Much Does Life Insurance Cost Per Year?

Output: Life insurance is a mortality product . Your cost to buy life insurance is directly tied to your own mortality . Mortality is measured by several factors : your gender , age , smoking status , health history and current medical condition . It also takes into account your behaviors like motor vehicle violations , dangerous recreational activities or hazardous vocations . All these factors contribute to the premium youll pay .


Input: Is Group Life Insurance Covered By Erisa?

Output: Most Group Life Insurance is covered by ERISA , with the exception of some religious groups , professional organizations and government agencies . Group Life Insurance is under ERISA whether the employer is self insured with a fund , or fully insured through the purchase of a group life insurance policy from a life insurance company .


Input: What Is A Good Homeowners Insurance Deductible?

Output: In a former life I always anwered this question by reminding consumers you have four management areas if you effectively manage your financial affairs . The first area is the `` cash '' or the `` readily available '' funds with no surrender charges . The second area is the `` insurance deductibles '' questions . If I have a $ 1000 deductible on my auto insurance then that $ 100o best be in my checking or savings . The next area is theestate planning of my situation . The fourth area is `` Retirement Planning.I always cringe when I have a client hand me a 1099R during tax season because most individuals do not understand the impact the withdrawal has on their tax consequences . How much `` deductible : should you have-the amount you can keep in your checking or immediately available savings account


Input: Who Offers Whole Life Insurance?

Output: Almost all of the major insurance carriers offer whole life insurance . Contact a local insurance agent in your area . If you already have homeowners or auto insurance coverage with a carrier contact them first . They may have policies available that will fit your requirments . A agent can help you decide what levels and type of coverage would be appropriate at this point in your life .


Input: What Are Some Things To Consider When Buying Long-Term Care Insurance?

Output: When it comes to buying long term care insurance , make sure you 've educated yourself first ! It 's important to understand the product before you make any decisions about the type of policy you want . Here 's an LTCI glossary that can help you understand the `` bells and whistles '' of any LTCI policy . WEBSITELINK


Input: What Are Some Things To Consider When Buying Long-Term Care Insurance?

Output: What are some of the things to consider when buying long term care insurance ? Well what is nice about most software agents use to help you with your selections is that they can `` plug '' in different benefits to the plan and you can immediately see what it does to cost and plan design . The things you need to consider are cost , as in can you afford to pay the premiums and possible increases in the future ? Plan design , are the choices in plan design relevant to how long term care is actually used ? It is a good idea to review actual costs of care in your state and duration of stays in a long term care facility . This way you can fine tune a bit and get a policy that will work for you without breaking your bank account


Input: What Are Some Things To Consider When Buying Long-Term Care Insurance?

Output: The # 1 risk in retirement is human longevity . Living longer can impact the cash flow of seniors with unexpected costs like long term care . Whether it 's at home assisted living or nursing home confinement , long term care can mitigate the cost of elder care via indemnification or reimbursement coverage .


Input: Can I Cash In My Life Insurance Policy?

Output: A policy owner may cancel life insurance . The coverage will cease . If it is a term policy , there is no cash value to cash in . Permanent life insurance may have a cash surrender value if it has been in force for a few years . If the policy has more cash surrender value than the cumulative net premiums paid in , the difference is gain which is subject to income tax .


Input: Why Get Life Insurance On Your Children?

Output: Getting life insurance on your children is a way of ensuring that they can have life insurance when they are adults . While many health conditions are being rated more favorably by life insurance companies due to improvements in medical treatments , I also see fewer and fewer choices for young people with serious health conditions . Purchasing life insurance on your children while they are healthy is a simple and inexpensive way to give them the security of life insurance for the rest of their lives . Whether you get them Whole Life , Term insurance that they can convert to permanent insurance later on , or just put them on a child rider that they can change to 5 times that amount in permanent insurance when they become an adult , each option provides this chance to have life insurance for life even if a health condition has developed along the way .


Input: How Does Disability Insurance Work?

Output: Disability Insurance is a morbidity product that protects your ability to earn your current compensation , i.e. paycheck protection . Your number one asset is your ability to earn money to pay for the lifestyle you want . Disability insurance is paycheck protection and can generate a good portion of your income if you cant work . Most executive packages include full disability insurance coverage until age 65 . The odds are youll need it once during your working life . It can protect up to 60 % of your compensation as a tax free benefit or up to 80 % as a taxable benefit when the premium is deducted as a business expense .


Input: How Much Money Can You Make Selling Life Insurance?

Output: That depends on how hard you work , who you work for , the type of training you receive and your ability to communicate with prospects . And that 's just the tip of the iceberg ! Ultimately , you could make $ 1 million per year or starve . There are many variables and the results will be different for each person . However , the most successful agents , brokers do well by concentrating on the needs of their clients and helping them with personal financial recommendations . The agent/broker that concentrates on how much money they make is doomed for failure .


Input: Does Term Life Insurance Pay Dividends?

Output: Dividends are paid by policies which accumulate equity , such as Whole Life . Term life does not accumulate equity , but merely provide death protection -LRB- unless of course you buy Term living benefits coverage -RRB- , so it does NOT pay dividends . I would urge you to talk with your agent . There are many choices out there now which can pay you , and have a variety of premiums which are much more affordable than you might think . Thank you . GARY LANE .


Input: Does Term Life Insurance Pay Dividends?

Output: Does term life pay dividends ? Currently ? No . At one time a very long time ago , some term policies did pay a dividend to policyholders , but we are talking a very long time ago . Current term policies do not pay dividends to policyholders . Term insurance , much like rent , is a temporary arrangement between a individual and a insurance company .


Input: Does Term Life Insurance Pay Dividends?

Output: No , Term Life Insurance does not pay dividends . It also does not have cash value , and if you quit paying on a Term Life policy , the policy will end without any surrender value . Universal Life Insurance and non-participating Whole Life also do not pay dividends . Only `` participating Whole Life '' pays dividends .


Input: Can You Have Two Disability Insurance Policies?

Output: Yes you can . You can have multiple disability policies as long as the total benefit amount can be validated with tax returns and/or W2 information . Keep in mid that you can add retirement contributions to the total earnings amount to increase coverage . And if you 're a business you may be able to add disability overhead insurance as well .


Input: What Is A 30 Year Term Life Insurance?

Output: Just what it says , it is a term life insurance policy that will expire in 30 years . After 30 years , you will either have to renew the policy at a higher rate if it is renewable or convert the policy to a permanent plan such as whole life if it is convertible .


Input: What Is A 30 Year Term Life Insurance?

Output: A 30 year Term Life Insurance policy will usually renew each year at the same premium , for a 30 year continuous time period . This is also referred to as a 30 year level term . If the policy remains in force during that time period , at the 31 ` st year , the premium will balloon to a much higher rate . Check to see if you have a guaranteed conversion option that would allow you to convert the coverage to a permanent plan in order to take advantage of the increased benefits that such a policy can provide .


Input: What Is The Top Rated Auto Insurance Company?

Output: There are actually many top-rated auto insurance companies . The reason is that there are many types of ratings to consider and also numerous rating Agencies . Typically , the highest-rated carriers are often the largest insurers , such as Geico , Progressive , State Farm , Farmers , Nationwide and Allstate . However , companies such as Esurance and Safe Auto have been expanding market share in certain areas and should often be considered when comparing rates . An experienced broker can easily compare the top-rated carriers in your area , and recommend the most affordable options .


Input: What Is An Immediate Annuity?

Output: There are two types of annuities , immediate and deferred . An immediate annuity as the name suggest provides an immediate income . A deferred annuity has the income deferred until a later date . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What Is An Immediate Annuity?

Output: That is an excellent question ! Most annuities are designed to wait a period of time before they `` annuitize '' , or begin to pay out -LRB- `` deferred '' annuities -RRB- . An immediate annuity has no wait , but begins to pay out very quickly . It is a way to take a large sum of money and create a steady income stream from it.I hope that helps , thanks for asking !


Input: What State Does Not Need Auto Insurance?

Output: As far as I know every state requires auto insurance . Why would you not want auto insurance is a better question ? In PA you are requires to 15/30 for BI , 5 in PD , 5 in Med , but there is no reason you should have coverage that low . For a few dollars more you can have solid coverage and it 's not worth risking everything you on over an accident .


Input: What State Does Not Need Auto Insurance?

Output: I really do n't know the answer to this question , as I believe that every person who owns and drives a car needs auto insurance . Just think for a moment , if you did n't own auto insurance and you driving a car down a city street , when the car in front of you stops suddenly , you jerk your steering wheel to the side and manage to miss the car in front of you . You open your eyes and look at yourself and see that the airbags protected you and you were not injured ... but you find that you ran head long into the corner liquor store and end up in the middle of the scotch section , having destroyed most of the owners inventory . How would you pay for that ? Savings retirement , income will all be gone , as well as maybe your house and any other property you might own , not to mention your car is toast . This is the reason you need auto insurance , as it protects your finances now and in the future


Input: Who Is Covered By Homeowners Insurance?

Output: The definition of insured is as follows : The named insured , and if residents of the household , the spouse , relatives and any other person under the age of 18 in the insureds care or in the care of relatives . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Which Credit Cards Provide Rental Car Insurance?

Output: In my experience , most of the major cards provide some coverage when the card is used to secure a rental car . Obviously , you should call the customer service number for your card to confirm exactly what benefits are provided . The coverage is usually for physical damage of the car and provides protection up to $ 500.00 . This works nicely in most cases because assuming you have your own personal car insurance , on average it is very likely that you are carying a $ 500.00 deductible for both Comprehensive and Collision on that policy .


Input: Does My Auto Insurance Cover Hit Run?

Output: If you have full coverage on your auto policy . A hit and run accident would be covered under collision coverage for a typical auto policy . You will incur the the deductible for your policy unless the party responsible for the accident is found . If the responsible party is found then your insurance company will attempt to recover the amount of the loss and your deductilble from that party . Always remember every policy is different . It is always recommended to read your policy completely to know your exact coverages or to call your local agent to discuss any questions that you may have regarding your policy .


Input: What are my options if insurance carrier refuses to add my teen daughter to family auto policy?

Output: Actually , at least here in Connecticut , only licensed drivers need to be added to your policy . Your daughter just has her learners ' permit so as such is not yet a licensed driver . I happen to represent Nationwide and our auto policy automatically covers our clients and their children as they are learning to drive the family car -LRB- s -RRB- . I think that perhaps your agent just needs to check the terms and conditions of your particular policy . You did the right thing by being proactive and advising your agent that she is learning to drive .


Input: What are my options if insurance carrier refuses to add my teen daughter to family auto policy?

Output: All licensed drivers must appear named on your auto policy . If a company refuses to insure your vehicle if a particular driver operates the vehicle , they do that by offering exclusion . Coverage is suspended if that driver operates that vehicle . We often have drivers who are excluded and we secure coverage with another company that does insured such drivers making that driver the primary driver on one of the cars .


Input: How To Get Discounts On Car Insurance?

Output: Great question ! There are a couple of great ways to get discounts . Having a clean driving record will get you discounts with some companies , better yet , it helps keep your rates lower ! You can also consider adding another car to the policy , or bundling other policies -LRB- renters/homeowners , etc -RRB- as many companies will give discounts for that also . Feel free to contact me if you need more information . Thanks for asking !


Input: Who Regulates Long-Term Care Insurance In Oregon?

Output: Long-Term Care Insurance in Oregon is regulated by the Oregon Insurance Division , based in Salem , Oregon , the nation 's capitol . The state 's Insurance Division administers their Insurance Code to make sure that Long Term Care Insurance meets the standards they have set . This pamphlet is helpful for becoming acquainted with the regulations for Long Term Care Insurance in Oregon : WEBSITELINK


Input: How To Get Homeowners Insurance Quote?

Output: There are several ways to obtain a quote for homeowners insurance . You may certainly fill out a quote form online ; almost every big name carrier has one on their website/app . The problem with doing a quote yourself is that you are not a licensed insurance agent , you likely do not know what limits you should have . Most online quotes also do not run your credit or loss history , which may have big impacts on your premium . What is the best way to get an accurate quote ? Contact a licensed independent insurance agent and give them your information . Ask questions ! Tell them your story ! Tell them what kinds of things you own ! If you want your assets properly covered more information is better . Most agencies have a form on their website/app a prospect may complete . Otherwise email or call asking for a quote .


Input: When Does Homeowners Insurance Pay For A New Roof?

Output: For the most part , when your roof is substantially damaged as a result of a covered peril , it may be possible that the cost to replace that roof may be covered under your policy , subject to your deductible of course . To gain a better understanding of the specific terms and conditions of your policy , it is always best to talk to your Insurance Professional .


Input: Does My Home Insurance Cover My TV?

Output: Your standard HO3 Homeowner policy will provide coverage for personal property/contents such as your standard household tv unless you have specifically excluded contents coverage all together . Be careful to review your personal property/contents limit on your individual policy as the amount may vary from one year/one policy to the next . You may wish to refer to your specific policy for any additional endorsements or exclusions that may apply .


Input: Does Home Insurance Cover Foundation Problems?

Output: A homeowners policy pays for damages cause by named perils . The perils most likely to affect a foundation would be earth movement or flood . The most common homeowners policy excludes coverage for those perils . You can get policies to cover each of those circumstances . If , however , the foundation was damaged as the result of a named peril , such as fire , the damages would be covered under the Homeowners policy .


Input: Does Home Insurance Cover Foundation Problems?

Output: Most homeowners policies wo n't cover problems with your foundation unless something sudden and accidental has happened to it . It 's designed to cover damage , not deterioration . It 's pretty rare for something to happen that damages a foundation . Most property claims are caused by storms or fire , and neither of these will usually damage foundation . If the foundation is sagging , leaking , crumbling , or deteriorating in some way , it 's the homeowner 's responsibility to maintain it . If you live in a newer home that has serious foundation problems , you may have recourse against the builder . Foundation problems can cause significant damage to your home and personal property . Your insurance company is n't going to repair or replace property damaged by a leaky or crumbling foundation .


Input: Will I Qualify For Life Insurance?

Output: The best way to know if you will qualify for life insurance is to visit with an agent who carries lots of choices of policies , and who understands the health and age requirements for each . Guaranteed life insurance is not always available at every age . And sometimes the best price is obtained with no medical underwriting at all . So the only way to know if you qualify , and to get your best price , is to call and discuss your options with someone who has lots of experience finding coverage for people with all types of health .


Input: Will I Qualify For Life Insurance?

Output: It depends on many factors as to whether you may qualify for life insurance . The most common things that an underwriter will look at when you apply for life insurance is age , sex , current health , health history , residence , occupation , net worth , income and life style . There are typically 14 rating classes of insurance to determine premium from Best Preferred to Table 10 . If you exceed table 10 , you will probably be declined . There are life insurance carriers that offer low face amounts at guaranteed acceptance . just be sure to fully understand these types of policies , which pay a graduated amount over time . I recommend using an experienced independent life insurance broker that can shop the market and find out health risk before you ever apply for coverage . This can save you from receiving a MIB hit . Medical Information Bureau is checked by all personal insurance companies you apply to and once the mark is registered , it can follow you the rest of your life , so just be careful .


Input: Will I Qualify For Life Insurance?

Output: You can always secure guaranteed issue life insurance . You might be able to secure simplified issue , if you have some outstanding medical conditions . But to obtain the best rate possible youll need to go through full underwriting that requires your doctors attending physicians statements , prescriptions medications , motor vehicle report and a declaration of any recreational or vocational hazards . Youll have to undergo a paramed exam with an EKG test , blood and urine analysis . You can also submit an informal application to receive an idea of where you stand and which option you should investigate .


Input: Will I Qualify For Life Insurance?

Output: That is a great question ! Almost everyone can qualify for some type of life insurance policy , unless you are a very senior citizen . Most companies will be unwilling to write a policy if you are over the age of 85 , and some as low as 80 . There are a few that will write you above 85 , but they are typically far too expensive to afford , especially if you have health issues . There are companies that will write policies that will give coverage no matter what your health condition is , and your best bet is really to find an experienced agent who will help you find the best policy for you . If you would like to discuss this privately , please feel free to contact me , I 'll happily make time for you . Thank you for asking !


Input: What Is The Average Deductible For Home Insurance?

Output: The answer to this is that it really depends on what replacement cost and geographically where your home is located . Here in the greater Atlanta area a $ 1000 deductible is quite common . What we see in the Tucson area -LRB- an area where there are not frequent wind storms -RRB- there is more likelihood of the deductible being $ 500 . And in Texas and some other states percentage deductibles have been the norm for decades . So in Texas it is not uncommon to see a 1 % wind and hail deductible an 1/2 % all other perils deductible . Lastly , there are some elements of this that is dependent of the size and replacement value of homes . If you are insuring a 700,000 home or greater , then a $ 2,500 deductible is quite common .


Input: What Is The Average Deductible For Home Insurance?

Output: Over the years , like many things relating to Insurance Coverage , deductibles have generally increased . In many areas , home construction values have increased and the voluntary increasing of a deductible is a very sound way to help manage related premium increases . It is also true that many companies are making policy decisions to reduce the number of deductible choices available . In those case , lately I have been seeing that the average deductible isa $ 1000 . They can certainly go up from there , but check with your INsurance Professional to see if the increase reflects enough of a premium cost savings for you .


Input: What Is The Average Deductible For Home Insurance?

Output: The are many deductibles that a homeowner can choose for their insurance . However , the lower the deductible the higher your insurance will be . The average deductible that many choose is $ 1000 . This means that during a claim , you pay the $ 1000 and your insurance company pays the rest . However , the caution to keep in mind : for every claim that you make , your insurance company can raise your rates or cancel your policy . It is important to ask your insurance company if they have waivers for claims and what claims free discounts they offer . 703-651-5817


Input: When To Do A Roth IRA?

Output: A Roth IRA can be started at almost any age . My nephew is in his mid-20s and he has a Roth IRA . The point of this type of planning is to save money now . Retirement will come soon enough . A Roth IRA will provide you with a tax free stream of income . Even the gain earned by the Roth comes to you at retirement free of income tax .


Input: When To Do A Roth IRA?

Output: That is an excellent question ! I am pleased to hear of your interest , as a Roth IRA is a terrific way to save for retirement . I can not advise you strongly enough to start saving for retirement as soon as possible . Yesterday is not soon enough . Conventional wisdom says to retire at your current standard of living , you will need to save 8-10 times your current salary . Please start one soon , and if possible , contribute as much of the annual $ 5500 that you can -LRB- $ 6500 if you 're 50 + -RRB- . I hope that helps - thanks for asking !


Input: What Happens When My Term Life Insurance Ends?

Output: Unless your policy is renewable -LRB- at a higher premium -RRB- or convertible to a permanent plan , your term insurance ceases to exist . Any monies paid in is pure cost . There are some term plans that offer Return of Premium riders at an extra cost . Unless you die during the term period there is no equity in a term policy .


Input: What Happens When My Term Life Insurance Ends?

Output: When your Term life insurance ends , it will usually jump up in price by a huge increase , and this price can then go up every year . So most people choose to purchase a new policy at that time , if they are able to qualify medically or age-wise for a new policy . If you have a conversion option , you can convert your Term insurance to Permanent , even if your health has declined , if you convert within the time frame allowed . This also will cause a big price increase because you are then purchasing permanent insurance at an older age than when you bought your Term policy .


Input: What Happens When My Term Life Insurance Ends?

Output: What happens when your term life insurance ends ? What will happen is this : you will take out your checkbook , remember what your premium used to be , breathe heavy sigh , and then make your check payable for a much larger amount . In my career I have seen renewal premiums literally 10 times the original rate . Yes , 10 times . Doesnt always happen , but it does happen . And you will not know how high the increase will be until you get your renewal notice . They dont tell you in advance . Why would an insurance company slam you on the renewal ? Several factors could be involved . One is that they are a little bit concerned about their reserves . They need to bulk up . Another could be that they feel the credit market is a little bit tight . So they need to store up some money in case they cant go out and get enough new money . Perhaps they feel the whole block of term business is not profitable . Maybe there is a big fat insurance company lurking in the wings ready to buy them , and they consider the term business to be a liability . So they will jack up the rates to get rid of a lot of policies . -LRB- To tell you the truth , I need to learn a little bit more about this last reason myself . Most people keep paying term premiums , dont die , and then drop their policies anyway . So the insurance company has received a bunch of money without paying any out . Why not keep the renewal rates more reasonable to hold onto these customers ? -RRB- But the net result of these high renewals is that the only people who hold on to their policies are people who really need the coverage , and feel they have no other option . They feel that their medical history or lifestyle risks would make them ineligible for coverage , or make a new policy too expensive . The fact of the matter , though , is that they may indeed qualify for a better rate elsewhere . They should get prequalified and really see what the market has to offer . They may very well be surprised . And if they dont get a better deal , then the term conversion rider in their policy may be an option . As long as they are not over the maximum conversion age , they could lock into permanent rates . And they dont have to convert the entire face amount at once : it could be done in stages , to better manage cash flow . Thanks for asking . Want to learn more ? Review my blog at planrisklive.com .


Input: What Is Health Insurance Stop Loss?

Output: A stop loss means exactly what it implies , `` it stops your loss '' and the insurance carrier picks up all other costs during that calendar year . For individuals that have health insurance a stop loss is also known as the annual out-of-pocket maximum . After you reach the out-of-pocket maximum in a calendar year the insurance carrier pays the rest of the claims . In a self-insurance situation where a company pays the claims up to a certain dollar amount the `` stop loss '' is the most the employer will pay in any year after which the insurance carrier will pay the remaining claims .


Input: What Is The 403B Retirement Plan?

Output: A 403 -LRB- b -RRB- retirement plan used to be called tax sheltered annuities , but with the addition of mutual funds , has kept its section of the code title . Self-employed ministers , public school and certain non-profit employees of 501 -LRB- c -RRB- -LRB- 3 -RRB- are generally the plan participants of a 403 -LRB- b -RRB- which has similar tax treatment of a 401 -LRB- k -RRB- .


Input: Why Is Florida Home Insurance So High?

Output: some states have inordinate exposure to dangerous , even sever weather . The peninsula of Florida is exposed to tropical and hurricane conditions every year during the Atlantic hurricane season -LRB- June 1 to November 30 . -RRB- The history impact of these storms has devastating financial ramifications for personal property owners , resulting in higher home insurance premiums .


Input: How To Write An Appeal Letter To Health Insurance?

Output: If you write an appeal letter to your health insurance company , call the carrier or broker first to obtain a contact name and address . Be sure to include all pertinent facts about your claim denial and additional information that may cause an underwriter to consider changing their decision . It never cost anything to request a reversal .


Input: Does Homeowners Insurance Cover House Shifting?

Output: Good question Usally earth movement is not covered on the home insurance . This is an excluded coverage and you might have to buy lets say earthquate insurance to cover that risk . Also if you live on a cliff or mountian and the soil gives way and the hosue shift or drops off the cliff you will not be covered . Good Luck


Input: Does Homeowners Insurance Cover House Shifting?

Output: That is a great question ! Unfortunately , the answer probably is not . As a rule , most houses will settle slightly , but not enough to cause major damage , so it typically is n't a named coverage . In places where landslides or earthquakes are a risk , then those dangers get coverage either as riders added to your policy , or as separate policies altogether . About the best thing that I can tell you is to contact your agent , and have them tell you whether you are covered or not . Good luck , and thanks for asking !


Input: Does Homeowners Insurance Cover House Shifting?

Output: No . Homeowners insurance will not cover ground movement , shifting or sink holes . Homeowners insurance is designed to cover sudden and accidental losses and shifting occurs over time . This condition is also specifically excluded in most policies . Shifting can become a major problem so I would recommend hiring a structural engineer to assess the situation and provide recommendations to fix the problem .


Input: Does Homeowners Insurance Cover House Shifting?

Output: The damage that is caused by earth movement is not covered under the basic homeowners plan . If the issue is the gradual settling that a new home invariably experiences , that isnt covered either . There are many earth movement issues in addition to earthquake . There are earth subsidence issues , sink hole issues and mine collapse . These are generally excluded risks .


Input: Does Homeowners Insurance Cover Air Conditioner Leaks?

Output: A leaking air conditioner may only be covered by homeowners insurance in the following 2 circumstances : 1 . If the air conditioning unit 's leak was caused by a covered peril -LRB- i.e. fire , vandalism , wind etc. . . -RRB- 2 . If the homeowners insurance policy has an Equipment Breakdown -LRB- home warranty -RRB- Endorsement affording coverage for the air conditioning system . Most carriers do not offer the equipment breakdown endorsement on a homeowners policy but it is worth asking your local agent or broker if one is available .


Input: Does Homeowners Insurance Cover Air Conditioner Leaks?

Output: It depends on why the air conditioner is leaking , but probably not . Home insurance is n't designed to cover normal wear and tear and breakdown of equipment , which is likely the cause of a leak from an air conditioner . Water damage typically has to be caused by sudden and accidental pipe bursting to be covered under your homeowners policy , but coverage varies by company , so check with your agent or broker .


Input: What Is Disability Insurance For?

Output: Disability Insurance , also commonly referred to in the insurance world as `` paycheck protection , '' pays a benefit to the insured should she become disabled -LRB- sick or injured -RRB- and unable to work . The monthly benefit typically covers 60-65 % of one 's income and can be used for rent , bills , groceries , medical co-pays , etc. .


Input: What Is Disability Insurance For?

Output: Disability insurance provides replacement income to a worker who has become unable to work due to illness or injury . There are Disability insurance policies that will pay for short term or long term disability . The policies will pay cash to the insured person for the length of the time that his/her disability continues , or for a set period of time , depending on the features of the policy .


Input: What Should You Look For In Long Term Care Insurance?

Output: Every product purchase has a value proposition to assess , but the most critical items are the long term care insurance companys financial and claims paying ability as well as the contractual language in the policy relating to the triggering of policy benefits . The contractual language can be a daunting read for a consumer . It is recommended to secure a long term care expert to review the policy benefits and how the work


Input: How To Make A Claim On Someone Else's Car Insurance?

Output: This one is really dependent upon the circumstances and where you live . I can only speak to how Michigan will treat it . Since we 're a No-Fault state , if your car is damaged , your insurance will cover the damage to your car -LRB- if you have physical damage coverage -RRB- . If you do n't carry physical damage coverage you can sue for up to $ 1,000 in small claims court . Now , most people in Michigan have coverage for this under their policies and will pay it out without going to court . You simply contact their company , explain the circumstances and submit a police report showing their driver is at fault . They usually pay these very quickly . If it 's not for physical damage to a car , you may be able to do the same thing , but the outcome may be very different . If it 's for property damage or an injury , they may or may not work with you . It 's very possible you may have to sue the other driver to recover any damages . Remember , their insurance company represents their driver , not you . I would advise my clients to get an estimate on any damage to a car and to consult a doctor with any injury . Then , depending on what you find out , make a determination on whether it 's worth pursuing . Any time you sue , there 's a lot of time and energy involved and the outcome is not certain . You need to be able to put a dollar amount on it before you proceed . Get your ducks in a row first , then you 'll be in a much better position .


Input: Who Gets Life Insurance If Beneficiary Is Deceased?

Output: Life insurance policies allow you to name one or more Primary Beneficiaries , and one or more Contingent -LRB- Secondary -RRB- Beneficiaries . If there is only one Primary Beneficiary named and that person is deceased , the policy proceeds go to the Contingent Beneficiary . If there is more than one Primary Beneficiary and one of them is deceased , the death benefit will be paid to the remaining Primary Beneficiary or Beneficiaries . If all Beneficiaries are deceased at the time that the Insured passes away , the life insurance proceeds are paid to the estate of the Insured and distributed according to his/her will . If there is no will , the state distributes them according to their intestate succession rules . No doubt there are some exceptions to how policies are handled when all Beneficiaries predecease the Insured , but this is the general way it works .


Input: Is Home Insurance A Legal Requirement?

Output: Not in most states . The bank will require it in most cases however to protect themselves if you carry a mortgage on the property . If you do not have a mortgage and want to assume the risk , not only of fixing or replacing your home in the event of a loss but also the risk of law suit , then you do not have to carry homeowners insurance . Think hard about it , is it really worth the risk ?


Input: Does My Health Insurance Cover Psychiatrist?

Output: If you are covered by a `` group plan '' then you will have some coverage . How much-call the company and ask . If you have an individual policy the coverage is going to be even more limited and you need to call the company or give your information to the insurance clerk at the doctors office and have them verify coverage . The amount of coverage available for mental health is within the bounds of the `` 90 days lifetime maximum coverage as in Medicare .


Input: Can You Apply For A Medicare Card Online?

Output: You can sign up for Medicare by going to the social security website , ssa.gov , and go to Medicare under the benefits tab . From there , there will be instructions provided to guide you through the sign-up process on the website . You can also go down to your local social security administration office as well .


Input: Do I Have To Get My Medications From My Part D Provider?

Output: If you have a Medicare Part D Rx plan you are not required to purchase your medications through the plan . You can choose to pay cash for the full price of the medication if you wish . In most cases you will find that the full price of a medication is often much more expensive than the copay you you would pay for the medication using your Part D coverage . There are rare instances where the cash price of a medication is actually lower than the copay you would have through the plan . This usually only happens with very inexpensive generic medications that have been on the market for many years . If you are taking a brand name medication it is almost always going to be more cost effective to use your Part D plan to purchase the medication . This way you only pay a small copay instead of the full price of the drug . If you would like more information on Part D plans please visit www.medicare.gov


Input: How To Get A Tummy Tuck On Medicare?

Output: Medicare covers most medically necessary procedures under Part A and Part B. Cosmetic surgery is generally not covered although there are exceptions such as breast reconstructive surgery follow a radial mastectomy . A tummy tuck is normally done purely for cosmetic reasons and would not be a covered expense under Medicare .


Input: At What Age Can You Get Car Insurance?

Output: You should be able to get car insurance at age 16 ... which is the earliest age in most states when you can legally drive an automobile . If you are living with your parents , and they have current coverage , it is best to title the vehicle in their name so you can take advantage of many available discounts . When you are older and have built up some driving experience , you canalwaysconsiderpurchasing a policy in your name .


Input: How Much Will I Have To Pay For Health Insurance Under Obamacare?

Output: Depends on the `` metal '' level of the plans you 're looking at , your age , which carrier 's plans are available in your area , and whether you use tobacco products or not . These are the most common factors that go into rate calculations for quotes . You should work with an independent health insurance agent/broker to see what 's available for you - agents & brokers have the knowledge to help determine which program is going to be most suitable for your needs and your budget .


Input: Can I Drive Without Car Insurance?

Output: A vehicle may not be operated on the road without liability insurance . Being caught driving without insurance can and will result in significant fines and potential loss of your drivers license . If you are involved in an accident without insurance the fines and penalties are much stiffer not to mention the cost incurred for damages that you may be responsible for .


Input: Can I Get Life Insurance With Polycystic Kidney Disease?

Output: While it is possible to obtain life insurance having polycystic kidney disease , certain underwriting conditions apply . Depending upon that determination your only option might be a small guaranteed issue policy . I would recommend contacting an agency that specializes in impaired risk life insurance to address your specific health issues and offer the best solution / quote for your needs ...


Input: Can I Get Life Insurance With Polycystic Kidney Disease?

Output: If you have polycystic kidney disease with normal renal function and controlled blood pressure , you can get a medically underwritten policy of any size , with a table rating . If your kidney function is abnormal and/or you are on dialysis or awaiting a kidney transplant , your only choice may be a small guaranteed issue policy . Consult an agency that specializes in impaired risk life insurance to gather the pertinent health details and your best quote .


Input: Can I Get Life Insurance With Polycystic Kidney Disease?

Output: Depending upon the applicant 's age and ultrasound results , it is possible in certain cases to obtain life insurance coverage . The range of premium cost would also take into consideration your age and any other medical issues . Your ability to obtain coverage will significantly increase when your original diagnosis is at or over age 50 .


Input: What Is A Plan Administrator For Health Insurance?

Output: Plan administrators are often used with an employer group health insurance plan , especially if the plan is self funded . In a self funded plan a trust is established to hold and manage employer and employee contributions to the loss fund . The administrator is responsible for reviewing and adjudicating claims and paying the ones that are approved .


Input: Can You Get Auto Insurance Without Owning A Car?

Output: Yes , you can purchase a non-owned auto coverage . This type of policy provides liability coverage for the insured for vehicles that they may drive but do n't own . Rates for this type of policy will more than likely be higher than if the insured did own a vehicle . Contact a local agent to find out more about the availability and costs of a policy of this type .


Input: Can You Get Auto Insurance Without Owning A Car?

Output: Yes . You are looking for a `` Named Non-Owners Policy . '' It provides coverage for liability for you as a driver . Perfect for a person who does n't own a car but will occasionally drivea family members car or who needs it for travel when renting a car . Fairly inexpensive too !


Input: Can You Get Auto Insurance Without Owning A Car?

Output: Yes , you can get a `` non-owners '' policy . This will cover your liability as a driver , if you do not own your own vehicle . This way you 're covered if you borrow someone 's car , or are renting a car . Contact a local insurance agent , and they 'll be able to get you the right policy .


Input: What Do They Test For In Urine For Life Insurance?

Output: They test the urine for a metabolite of nicotine called cotinine , in order to see if you are a tobacco user . They also test for cocaine and other illegal drugs . Creatinine or protein in the urine can be an indicator of kidney disease , or a side effect of uncontrolled diabetes , as can high glucose . The insurance company uses the urinalysis to confirm the information you put on the application , and to become aware if there are any hidden or unknown health conditions .


Input: Who Is Automatically Enrolled In Medicare?

Output: Those who have worked in the Social Security system at least 10 years , are a US citizen or legal resident and have lived in the US at least 5 years are automatically enrolled in Medicare Part A and Part B at age 65 If you are the spouse of someone who is qualified for Medicare , meet residency requirements and have been married at least a year , you are enrolled as well at age 65


Input: What Does Suze Orman Think About Annuities?

Output: Over the years Suze has addressed annuities , not always in a favorable light . She has several online videos and content blogs and articles on annuities . Suze has a small treatise online entitled , Truth About Annuities , which outlines the product inventory in a pithy format that gives you her read on the subject .


Input: What Does Dave Ramsey Say About Cancer Insurance?

Output: Dave Ramsey does not think you should buy cancer insurance or any type of specific dread disease insurance . He confuses the purpose of it with major medical health insurance . Your major medical pays your doctor bills -LRB- minus your deductibles , co-pays and premiums . -RRB- Your cancer insurance pays a lump sum amount directly to you . You can use this while you are off work with cancer to pay for food , house payment , medical bills or anything else you need . Dave Ramsey is not a good resource for insurance information .


Input: Can I Be Denied Health Insurance In Maine?

Output: You ca n't be denied under ` Obamacare ' . Plans that you can purchase off the Exchange -LRB- like mine -RRB- , often do have underwriting involved and you may be turned down . Those companies keep their costs down by only accepting healthy people . Shop around and find what 's best for you and your situation .


Input: Who Offers The Best Long Term Care Insurance?

Output: It 's difficult to say that one company is `` the best '' . There are definitely factors you can look at such as rating , who has the biggest market share , etc. . Since LTC has many options to choose from , I suggest also looking at the carrier 's options . For example , some companies offer a `` Shared Care '' benefit , whereby you can use your partner 's benefit when yours are exhausted .


Input: Who Offers The Best Long Term Care Insurance?

Output: The best Long Term Care insurance for one person may not be the best Long Term Care policy for another . Look at the rating of the company and the features of the policies they offer , in addition to see if they are priced competitively , their history of rate increases , and whether they have had many complaints against them . Above all , it is helpful to contact a Long Term Care broker -LRB- may Life insurance brokers also sell Long Term Care insurance -RRB- to help you find the best Long Term Care policy for you .


Input: Who Offers The Best Long Term Care Insurance?

Output: It is always with the best of intentions that I attempt to be objective , but that being said , there are not many long term care insurance companies -LRB- LTCi -RRB- left in the extended care market place . Perhaps there are a half a dozen worth your consideration . Genworth is one of the top LTCi companies in the U.S. . They generally rank well in annual premium cost against the competitors and offer excellent policy language in their contractual definitions .


Input: Who Offers The Best Long Term Care Insurance?

Output: Who offers the best long term care ? Again it 's going to depend on what a person wants that coverage to be . There are several very good long term care companies . The best thing to do is decide what is important to you as the buyer and then have quotes from several companies to compare from .


Input: Will Health Insurance Pay For A Hot Tub?

Output: No , health insurance generally will not pay for a hot tub . I personally have never heard of a situation that would warrant a medical necessity for a private hot tub . Health insurance is designed to pay for Medically necessary costs and procedures . Unless your doctor can show the insurance company that a hot tub is a medically necessary item -LRB- which will be a hard fight -RRB- it will not be covered under any policy that I am aware of .


Input: Is The Car Or Driver Covered By Auto Insurance?

Output: Almost all carriers recognize coverage as covering the driver first and then the vehicle . In other words if you have auto insurance coverage and are driving another persons vehicle that you are not covered under normally ; your insurance carriier will more than likely be on the hook in the event of an accident that you are deemed responsible for while driving that vehicle . If you allow someone else to your vehicle that does not have their own auto coverage ; once again your auto insurance carrier would more than likely be on the hook in the event of accident that they are involved in that they are deemed at fault which could affect your premium or coverage in the future .


Input: What Does All State Auto Comprehensive Insurance Cover?

Output: I am assuming your are referring to the `` Comprehensive '' coverage - also called Other Than Collision - found in an auto insurance policy . State Auto is what we call a `` Super '' regional carrier as they are not nationwide , but are in more than a couple regional states . While the basic structure of the auto policy contract is the same company wide , they do tweak their contract based on state laws and state performance ratios . That being said , generally speaking State Auto 's comp coverage would include things like - fire , theft , water damage , glass damage , break-ins and hitting an animal like a deer . Comprehensive claims are subject to the deductible listed on your policy . Give your local State Auto independent agent a call and discuss the specifics of your state and policy language .


Input: What Life Insurance Can You Borrow From?

Output: You may borrow from any policy that has cash value however your best bet is to purchase a policy from a company thatwelcomes it . Please read Bank on Yourself The size of a cash buildup differs substantially from company to company . In many instances there is no correlation between the size of the cash value and premiums paid ; in some cases there is an inverse relationship . Everything that the policyowner wishes to do with this policy while living is determined by the size of the cash value . For example , at some future time , a policyowner may wish to convert the cash value to a monthly retirement income . Its size will depend on -LRB- 1 -RRB- the amount of the cash value and -LRB- 2 -RRB- the attained age of the policy owner .


Input: What Life Insurance Can You Borrow From?

Output: Well as there is a cash value accumulation to your Life Insurance policy . You may borrow as cash interests is compounded . Depending on your company rates are usually higher or lower than others . You may borrow from a Universal Life Policy , Whole Life Policy , Modified Endowment which is like a security policy that gains interest and is tax free . Its best to let the money accumulate and money borrowed from any life policy will be deducted from benefits to beneficiary if unpaid .


Input: What Life Insurance Can You Borrow From?

Output: New York Life 's Whole Life Policies allow the owner to borrow against their policy after the first 2-3 years . It does not need to be repaid and may be kept tax free , although this would decrease the death benefit .


Input: What Life Insurance Can You Borrow From?

Output: Are you concerned about borrowing against an existing life insurance policy that you own ? Or rather are you exploring all of the potential uses of a potential policy purchase ? Depending on your age , you may qualify for a life settlement . This is a transaction in which the policy owner sells their interest in the policy to an investor through a life settlement provider . The policy owner would receive multiples of the policy 's current cash value . However , a life settlement is a sale of the policy and just as if you sold your car , you no longer have an interest in the policy . In instances of cash crunches or reduced income causing a strain to pay premiums , you can always work with your agent to reduce the death benefit of the policy , work with a life settlement professional to sell your existing policy and use the proceeds to purchase paid up coverage or discuss the issue with your beneficiaries , who may have an interest in taking over the premiums in order to preserve the full death benefit . Feel free to contact me at WEBSITELINK if you would like to learn more about life settlements .


Input: What Life Insurance Can You Borrow From?

Output: The only type of life insurance that you can borrow from is Universal Life or Whole Life . You can not borrow from Term Life . There are many types of Universal Life and Whole Life , and especially with Universal Life , some policies will have very little cash value . If you are purchasing a Universal Life policy for the purpose of borrowing from it , you will do best with Indexed Universal Life or Variable Universal Life .


Input: What Life Insurance Can You Borrow From?

Output: Are n't you defeating the purpose of life insurance if you borrow on the `` cash value '' . You do have to repay the loan . Are you familiar with : first in-last out , or Last in first out '' > How does the insurance company treat the disbursement for tax purposes ? I realize we are living in hard times and some of us are forced to do things we would not ordinarily do because of the economic conditions . Pulling money out of a life insurance policy is much more than `` I am borrowing money from my life insurance policy '' ? How will you repay it ? How soon will you repay it ? There two seemingly easy ways to borrow money-borrow from yuor 401k and borrow from your life insurance . Bot ways can get you in trouble and cause tax problems you certainly do not need


Input: Why Do Republicans Want To Cut Medicare?

Output: Cuts to Medicare can be shared by both parties . Medicare is a boondoggle created by LBJ and never designed to be self supporting . For the last few years Medicare has paid out more than it takes in which means the future is cloudy . Obamacare , a plan designed and passed into law without a single Republican vote strips over $ 700 billion from Medicare funding .


Input: Does Washington Tax Life Insurance Benefits?

Output: Normally no life insurance proceeds would not be taxed , however Washington state does have a state estate tax . The exemption is $ 1,000,000 meaning any amount over this amount could be subject to estate taxes . The top marginal tax rate for the state estate tax in Washington is 16 % .


Input: Does Washington Tax Life Insurance Benefits?

Output: Does Washington state tax life insurance benefits ? Short answer `` yes '' in some situations . Washington state does have their own version of estate taxes , just like the federal government does . The threshold is much lower than the Federal level and the highest bracket is much lower than the Federal standard . To reduce or minimize the impact of ownership of a life policy if someone is in that higher asset bracket , a life insurance trust should be considered to help in this area .


Input: Does Washington Tax Life Insurance Benefits?

Output: The state of Washington does not charge income tax on life insurance benefits left to a person as beneficiary . If the benefit is left to the estate , or no beneficiary is alive , the money will be taxed . Life insurance proceeds are considered part of the estate , and state and federal estate taxes apply to the excess above the amount of the estate that is exempted from estate taxes . In 2013 , the amount of the estate exempt from federal estate taxes is $ 5,250,000 .


Input: Does Washington Tax Life Insurance Benefits?

Output: Generally , the answer is no . That 's one of the best benefits of life insurancethe death benefit is tax-free . Make sure the beneficiary is something different than the estate of the policy holder . That 's when the state can come in and get their hands on your money from a tax perspective . Consulting with a licensed life advisor on the day you bought the policy was importantbut not as important to an ongoing consultative relationship with an agent when you need them the most .


Input: Where To Apply For Medicare Part B Benefits?

Output: You can apply online with the Social Security Administration for Medicare Part B benefits . The website for Social Security is www.SSA.gov . You can also visit your local Social Security office in person . When you activate your Medicare Part B it triggers an open enrollment period where you can apply for any Medicare Supplement Plan and not have to pass any medical underwriting . An Independent Medicare Insurance agent will be able to show you what 's available and help match a plan that fits your needs . There is a lot more information about Medicare Part B and Medicare Supplement Insurance on our website .


Input: Does Wells Fargo Have Renters Insurance?

Output: Wells Fargo is not an insurance company . Wells Fargo can act as an agent with several insurance companies to find you renters insurance . I personally would consult an independent agent who offers insurance for a living and is able to consult on coverage needs then use a bank that offers insurance as a side business .


Input: What Does No Claims Discount Mean On Car Insurance?

Output: Auto rates are set for standard risks . By not filing a claim you are distinguishing yourself as a somewhat better risk . In view of that the company is reducing the premium on your car . It does raise a serious question when you do encounter a potential claim . Unless the claim involves bodily injury or great liability you might want to call your agent prior to reporting the accident to your claims department .


Input: What Does No Claims Discount Mean On Car Insurance?

Output: That is a great question ! And I have a great answer - a no claims discount is a great thing to get . Your insurance company is giving you a discount on your insurance because you have been a safe driver , and not filed any claims in a specific time period . Good Job ! I hope that you get many more of them . Thanks for asking !


Input: What Does No Claims Discount Mean On Car Insurance?

Output: A no-claims discount is offered by many insurers . When applied , it reduces your auto insurance premium for not submitting claims over a specific period of time . And it can potentially increase every year if your good claims history continues . Does your company maximize your discount ? It can save quite a bit of money . LIVE answer provided by : Ed Harris - Premier car insurance broker for the last 33 years and owner of several top-rated websites .


Input: Why Do Car Insurance Rates Go Up?

Output: Your state insurance commissioner is charged with making sure that the auto insurers in your state pay claims . If the insurance company has higher claims than their premium income they must increase future premiums to cover anticipated future losses . The reason that these costs increase is obvious , increased cost of repair , frequency of accidents , and litigation . Your own record can make the company increase the rates on your car .


Input: Why Do Car Insurance Rates Go Up?

Output: That is a great question ! There are a couple of reasons why your insurance would go up . The first is that your driving record took a hit , maybe through an accident or traffic ticket . Your increased risk as a driver would translate into a higher premium . The other would be the company 's desire to maintain its profitability . If they have higher costs , they are n't likely to work at cutting those costs , most often they pass them on to us . I hope that helps , thanks for asking !


Input: Does Nevada Have No Fault Auto Insurance?

Output: We offer a optional coverage on you auto insurance called accident forgiveness . Which will keep your premium from going up if you are found at fault in an accident . If you have any questions about this coverage you can give me a call or e-mail me at kboyle@farmeragent.com .


Input: How Much Does Full Coverage Auto Insurance Cover?

Output: Insurance premiums vary greatly and are determined by many different factors . Among other things , the type of coverage you have , the benefit levels you are seeking , age , gender and zip code are other factors an underwriter will consider in arriving at an appropriate premium rate for the quoted coverage .


Input: Does Renters Insurance Cover Garage?

Output: Renter 's Insurance wo n't cover a garage structure , but it should cover personal property in a garage . If you own a garage you will likely need to buy a seperate policy for the building as Renter 's Insurance does n't include any coverage for structures . Hope that Help ! Send me a message if you have more questions .


Input: Does Renters Insurance Cover Garage?

Output: Renters insurance is designed to cover your personal property -LRB- your stuff -RRB- and personal liability . It will not cover physical damage to a garage because you have no insurable interest -LRB- you do not own the garage -RRB- . If you had personal property inside the garage and it was damaged or stolen from a covered peril you could make a claim . I 'd suggest you reach out to your local independent insurance agent to discuss what your policy covers . Hope this answer helps .


Input: Does Part B Medicare Cover Prescriptions?

Output: Some Chemotherapy and injectable drugs are covered under Part B but most drugs are not . That is why you need Medicare Part D which is your Prescription Drug Plan . Part D is administered by private insurance companies under the supervision and guidance of the Center for Medicare Services . You must select a Prescription drug plan or face penalties by Medicare .


Input: Where Can You Get Life Insurance?

Output: Life insurance is offered by life insurance companies through licensed agents . Most licensed agents are associated with insurance agencies . While each state requires agents to pass a proficiency examination or meet other requirements , there is no requirement for them to hold any specific designation . So , while you can buy life insurance from a variety of financial sellers , you should consider the agent 's experience , training and professional credentials .


Input: Where Can You Get Life Insurance?

Output: If you dont want to have to hassle dealing with a life insurance agent , there are plenty of online portals and retail kiosks in malls that sell it . Some life insurance companies have gone the mobile app route with simplified issued policies to expedite the underwriting process . For a the personal approach you can always find earner beaver agents and registered representatives in agencies and broker dealers that have access to the full inventory of life insurance providers . One word of warning : stay away from agencies that promote their own product line . Its rarely the best deal .


Input: Can I Get Life Insurance If I Smoke Pot?

Output: Yes , you can get life insurance if you smoke pot . If you get a medically underwritten policy , the insurance company will probably ask you to fill out a Drug Questionnaire . If you are an infrequent pot smoker , you will be give tobacco rates , but they can fall in the Standard to Preferred range . If you smoke pot daily , or have had treatment for drug or alcohol use in the past . you would probably be declined for a policy , but may be able to find a No Exam policy .


Input: Who Does Not Need Life Insurance?

Output: Great question ! Let 's look at this from a different angle . Why does anyone own life insurance ? People have life insurance to protect people they love care about or have some obligation to . It is really about a simple as that . Some examples would be a spouse or partner wanting to take care of a surviving spouse or partner . Another common use is to provide for children , grandchildren or even more distant future generations . That is truly what we consider life insurance to create a legacy . In somewhat less lovable terms comma we may need to secure life insurance to make good a business or personal promise to repay lenders . Another business use is to utilize the funds to help in succession planning for a business . If none of the above describe your situation you may not need life insurance . Some people view cash value life insurance as an investment aside from the death benefit but that is a whole different discussion ... and a source of great debate . Good luck !


Input: Who Does Not Need Life Insurance?

Output: I agree with the answers posted before this one , but let me suggest to you that perhaps the question `` Who does not need life insurance ? '' is the wrong question . From a financial planning perspective , I always address the `` life insurance question '' with my clients by looking at how having -LRB- or not having -RRB- a life insurance policy in force impacts their overall financial plans . I 'd say that close to 50 % of my clients might not need life insurance , but they very much want it because of what it does for them as a part of their overall financial planning .


Input: Who Does Not Need Life Insurance?

Output: Life insurance indemnifies financial liabilities . If a person had no financial liabilities , including final expenses funded by his or her own resources with no beneficiaries that would suffer economic loss , life insurance would be irrelevant . If a person had no charitable intentions nor was willing to make a difference in anyones life , then life insurance would be irrelevant . If a person had no need for tax advantaged income for supplemental retirement , life insurance would be irrelevant .


Input: Who Does Not Need Life Insurance?

Output: The person who will suffer no financial loss in the event of his/her death does not need life insurance . If you have sufficient assets to cover funeral expenses and take care of your family obligations insurance is not needed . Many wealthy people have insurance so they can keep their money instead of having to spend it .


Input: Who Does Not Need Life Insurance?

Output: If there wouldnt be any financial impact at the passing of a person , there isnt a need for life insurance . This is rare . The motivation to buy life insurance comes from a desire to treat those that you love with respect and to provide money to help them through the difficult transition brought about by your passing .


Input: Why Would You Buy Life Insurance For A Baby?

Output: There are a couple reasons parents would buy life insurance on their baby . For one a true whole life insurance policy accumulates cash value which could be used to help out in life events such as college or a wedding . It also guarantees the insurability of the child . For example , one of my co-workers purchased life insurance on his young son who developed diabetes at age 13 . If he had not done so , his son would have a hard time finding a company who would insure him .


Input: Why Would You Buy Life Insurance For A Baby?

Output: This question has several answers . From a financial planning perspective , the answer is thatyou would n't . The adverse financial impact of the death of a child is relatively small . While a terrible tragedy and an absolutely awful thing to go through , technically no one financially depends on them for support . So , one of the basic tenets of life insurance - to provide lost income due to premature death of a family bread-winner - buying life insurance on a child does not make sense . While children might not need life insurance , here are some reasons why one might want to buy it on them anyway : 1 . Insure the child 's insurability - this can be achieved by purchasing a small face amount of permanent life insurance -LRB- I would recommend participating whole life -RRB- with a guaranteed future purchase option rider . The rider insures that the insured can purchase additional life insurance without the need to medically qualify . If the adult child 's health goes south , additional life insurance can be purchased . Drawbacks : a -RRB- the option usually runs out at 40 or so years old ; b -RRB- typically , only the same type of life insurance can be purchased -LRB- which can be a lot more expensive at age 30 than at age 3 -RRB- , and c -RRB- if you do n't exercise the option , you lose it . Oh , and by the way , the insured usually assumes ownership of the policy at 18 , at which time , that income-tax-free cash value can be mighty handy for the down payment on that new car . So long , insurance policy , we hardly got to know you . 2 . Provide a source of money with tax-favored access privileges - This is n't likely to work -LRB- see `` new car '' above -RRB- , but if protected by a trust with strict limits on how the cash values may be used and under what conditions it must be paid back , it could allowa responsibleadult child to be his/her own bank and/or have at least somewhere to go , independently , to cover an emergency need . The problem is that even a trust can be gotten around and the cash - and the life insurance benefit it supports - is more likely to end up being spent - and lapsed . 3 . If one feels that the death of a child could seriously impact them financially , I recommend purchasing a child rider -LRB- usually comes in `` units '' , 1 unit = $ 1000 coverage -RRB- on a parent 's term or permanent policy . Twenty-five to fifty-units should be plenty to cover final expenses and maybe some medical bills not covered by medical insurance . Using life insurance to help fund college is not the best use of the money spent over the years . There are now too many other tax-favored savings vehicles that do n't include the cost of insurance to depend on a life policy to provide a significant amount of cash over a 16 or 17 year investment horizon . In the event of the death of one child , the insurance money received as a death benefit could go to help provide some start-up college money for another child in the family -LRB- # 3 would be the least expensive way for that to happen -RRB- , but that 's kind of creepy . I think # 1 is the only prudent reason to buy insurance on a child and then only when there is a family history of childhood or adult onset of some kind of genetic malady like diabetes or cardiac problems . Otherwise , # 3 might make you feel better , but it 's not likely to be needed .


Input: Why Would You Buy Life Insurance For A Baby?

Output: There are many reasons that you would want to get a life insurance policy for a baby . First of all to guarantee insurability for the little one . To get the policy issued at the lowest rate possible for a second . Conceivably you could have a policy that would be completely paid up before age 18 and provide them coverage for the rest of their lives . There are too many reasons to lists . Contact your local agent to find out what coverages are available in your area .


Input: Why Would You Buy Life Insurance For A Baby?

Output: There is nothing that makes me feel more depressed then to see families and kids on the street holding a car wash for a friend or family member that did n't buy some form of life insurance for their children . Most insurance companies offer `` Level Term '' riders that may be added to the parents policies that will allow the parent to insure all of his or her current and future children . These riders also guarantee the insurability of the children as they are usually convertable to their own private policy 's when they reach either age 21 or 25 . sometimes the insurance company will allow the child to change his or her policy 's face amount up to 5 times the amount of the original rider without evidence of insurability . The best thing about these riders is the price , whether you have one child or 20 children you can insure them all for one low price under this rider . If you are an insurance agent please do not forget to offer this rider to the parents that you are insuring .


Input: Why Would You Buy Life Insurance For A Baby?

Output: Parents have their reasons for getting Life Insurance on a baby . Cover basic funeral costs Providing a `` gift '' that will grow to be an Asset for future use . Provide for future insurance needs locking in the lowest possible rates . Designing a policy that could be `` paid-up '' in a set amount of time , say 20 years , more or less . Keep in mind that companies will generally require that you the parent have Life Insurance on yourself first . Insurance Companies look at this as `` who is depending on the baby for support ? '' Since no one is then you have to justify the need . Companies would like parents to have up to 4x the amount of coverage on the baby although each company is different and the rules might be bent if a good case is made .


Input: Who Has The Cheapest Home Insurance?

Output: The cheapest homeowners policy is the one that pays the maximum amount possible when you have a claim . Of course it must be a policy on your house and it must be in force . What was paid for the policy is insignificant in many cases . The cheapest policy is sold by your trusted insurance agent , someone who listens to you , gives you sound financial advice and communicates clearly with you and the insurance company . That agent will do their best to make sure you are protected .


Input: Who Has The Cheapest Home Insurance?

Output: Your neighbor and yourself with similiar house values could get insurance from the same company and your rates will be different . Insurance premiums are determined by many factors , including your insurance score , loss history , the existance of dogs , trampolines , pools , oil tanks , etc. . They best way to get the best coverage for yourself at the best rate is to have an a local reputable independent agent with access to multiple carriers take one application for you and then they will shop all of their markets .


Input: Is A Water Heater Covered By Home Insurance?

Output: Your water heater is part of your home , just like th rest of your plumbing system , so yes , it would be covered . What it is covered for depends on what type of coverage you have purchased . For example home insurance does n't pay for mechanical failure , so if it just quits working you do n't have a claim . If your water heater bursts , you may have coverage for water damage coming out of the water heater if you havea `` Special Form '' policy . If the house burns up and your water heater goes along with it , your insurance should pay for a home with a water heater . So you see it depends a lot . Email me with specifics at WEBSITELINK


Input: How Much Does Health Insurance For A Child Cost?

Output: Health insurance for a child is typically very affordable . Depending on where you live , the premium can range between $ 25 per month -LRB- short-term coverage -RRB- to about $ 150 per month . In most states , it costs less than $ 100 . Generally , applications are approved quickly and after 2014 , no medical questions will be asked . Comprehensive plans will cover office visits and prescriptions and would tend to be the most popular type of coverage . Preventive benefits are provided at 100 % on most plans . As an experienced broker , I shop for all of the best options from top-rated insurers to make certain you receive the combination of best rate and coverage . Premiums are usually paid monthly and a federal tax subsidy could reduce premiums .


Input: How Do You Buy Life Insurance?

Output: The first step to buying life insurance is finding someone to sell it to you . This can be done by searching on the internet for `` instant life insurance quotes '' or `` diabetes life insurance '' or whatever search term fits your situation . Then pick the one that gives you a good price and appears to have a good reputation as evidenced by testimonials , being part of the BBB , etc. . OR you can call a local agent or agency . Once you visit with your agent and narrow down what policy you want to apply for , you fill out an application , sign and submit it . This can be done digitally or by a wet signature . The application then goes to the life insurance company for review . If you are getting a policy that does not require an exam , the policy may go into effect within as little as an hour or as long as a month . If you are applying for a medically underwritten policy , you will be contacted by a local paramed exam company to schedule a short exam done in your home or place of your choice . They will collect a blood sample , urine sample , blood pressure , etc , and ask health questions . The life insurance company may also order medical records from your physician -LRB- s -RRB- . When all the requirements are in and the underwriter has reviewed it all , he/she will approve your policy at the rating that is warranted based on your medical and other information . They will notify your agent , who will then notify you . Payment may be done at the time the application is done , at the time the policy is approved , or after you receive the policy in the mail and you have looked it over and decided to keep it .


Input: Does Homeowners Insurance Cover Chimney Repair?

Output: Talk to your Insurance Professional about the specific terms and conditions of your policy . A homeowners policy will provide coverage to repair or replace your home and it 's parts so long as they are damaged by what is refered to as a `` Covered Peril '' . In other words , if the damage is a direct result of causes that are listed in your policy , then the policy coverage would apply . Naturally , any coverage settlement would be subject to your policy deductible .


Input: Does Homeowners Insurance Cover Chimney Repair?

Output: It may depending on the circumstances that caused the chimney to need repair in the first place . If homeonwers policy does provide coverage for the claim it may be subject to the policy deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Is Irrevocable Life Insurance?

Output: Life insurance is not usually referred to as irrevocable but there is such a thing as an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- that you may be referring to . This is a trust that owns one or more life insurance policies , and is the beneficiary of said life insurance policies , for tax purposes . By virtue of being irrevocable , it is not able to be changed by the person who has set it up to avoid paying estate taxes on the proceeds .


Input: How Does ROP Life Insurance Work?

Output: ROP life insurance works by providing life coverage for a certain number of years , then returning the premiums paid in if death has not occurred by the time the term ends . The ROP stands for `` Return of Premium '' . These policies start out at a higher price than regular Term , and unlike regular Term , the longer terms usually have lower premiums than those policies with shorter terms . Most will return part of the premiums if the policy is kept at least half of the term , then the amount you would receive increases each year . If you keep the policy for the full term , 100 % of the premium is usually refunded -LRB- usually , minus the cost of table ratings , flat extras , and riders -RRB- .


Input: How Does ROP Life Insurance Work?

Output: ROP means return of premium . If the insured survives to the end of the guarantee period , then you get your money back . If you terminate the coverage mid way , then you get some of the money back . A schedule is provided with the policy . Some people like this deal . Their thinking is , Life insurance is a great bargain only if you die . But if you outlive the policy , you will have spent money for nothing . So you should get your money back . I can see what they mean . Its kind of like wanting your cake and eating it too . That would certainly work for me . But it boils down to a question of what is the cost of having it both ways . First of all , you pay a much higher premium for the return of premium guarantee . That makes sense . After all , you are not only asking the carrier to guarantee your premium for a specified amount of years - you are asking them to guarantee your money back as well . You have to pay for that extra layer of insurance . Is the extra amount you pay competitive ? Depends . What if you are a savvy investor and know how to get some good value for your dollar ? If it was that important to you to recoup your life insurance expenses , you might be able to put a lot less into the right investment vehicle . Another point : the return of premium feature is available only with term insurance . The fact is , many people need permanent insurance . The good news is that you can have your cake and eat it too with this product as well ! You can take a universal life product and structure it to guarantee your premium for as long as you want , and at the same time give you a guaranteed cash value equal to your total outlay . The product is that flexible . And if you had the cash , you could do this with a single payment , as opposed to paying year after year . Best of all , you could plan on holding on to the policy for the rest of your life . Something to think about when you look at life insurance for a money back guarantee . Want to keep learning ? Check out my blog : Planrisklive.com


Input: Where Can I Buy Mobile Home Insurance?

Output: Most companies that offer homeowners insurance also offer homeowners coverage for mobile homes . If you are working with a local agent they will normally have more than one company available to them to be able to place a risk . Contact your local agent today and they will help direct you the company and policy that will best work for you .


Input: Can I Have Two Renters Insurance Policies?

Output: While I can not imagine why you would want two policies covering the same property you need to know that you will not be able to recover damages from both companies for the same loss . In other words you can not double your money . I would suggest that you meet with a trusted insurance agent and secure one policy that provides adequate coverage to meet your needs .


Input: Can I Have Two Renters Insurance Policies?

Output: You can have a renters policy for each rental unit you have . You could have a unit in the city where you work . You could have another in the country where you spend your weekend . You could have another in the mountains where you ski , hike and take vacations . If you want to take out two policies covering exactly the same thing expecting to get a double payment in the event of a claim , you might be subject to an investigation for fraud .


Input: What Is The Right Age To Buy Long Term Care Insurance?

Output: There are schools of thought that purchasing long term care insurance -LRB- LTCi -RRB- early on when youre healthy is the ideal time to buy LTCi . But other tributaries of thought say you should start seriously considering LTCi no later than age 50 . The LTCi market of insurance companies has decreased considerably . There are about six real players left in the brokerage community . The price tag generally drives the LTCi sales , but policy definitions should be the deciding factor when premiums are relatively equal .