Input: What Happens If Your Auto Insurance Lapses?

Output: That is a great question ! First off , it becomes illegal for you to drive in most States . The process to reinstate the policy is usually fairly straightforward , you show proof of insurability -LRB- you did n't get into an accident , get DUI 'd , or ticketed in the interim , have a major health issue , etc -RRB- , and pay the back owed amount . If that is an issue , sometimes the insurer will be willing to prorate the back owed amount over the new premium , until it is repaid . Sometimes , it is easier to just get a policy with a new company , but expect to get questioned as to why your policy was allowed to lapse , and pay a higher premium . I hope that helps , thanks for asking !


Input: What Happens If Your Auto Insurance Lapses?

Output: The obvious is that you have no more protection and that can also make it illegal to drive your car or any other for that matter . Most if not all states require that you aintain continuous car insurance as a condition of maintaining the registration on your car . Your lien holder or leasing company also requires that .


Input: What Drugs Do Health Insurance Companies Test For?

Output: I am presuming that you are asking about tests for illegal drug consumption and not just prescription medications in general . As far as health insurance goes this is a non-issue . An applicant for health insurance is not subjected to any physical exams or blood or urine tests as a condition for being offered health insurance coverage . While in the past there may have been questions regarding illegal drug usage on a health insurance application that if answered truthfully by a drug user could have resulted in their being declined for coverage in the individual health insurance market we have moved past that now . As the Affordable Care Act prohibits medical underwriting and requires policies to be guaranteed to be issued regardless of pre-existing conditions there are no such questions to be answered now . Ironically , in the individual health insurance marketplace the only drug that you can be asked about and perhaps penalized for in the form of higher premiums is for tobacco use . No questions are asked about marijuana , cocaine or other drugs . This is different from applying for life insurance where in many cases a physical exam that may include drawing blood and/or taking a urine sample are part of the underwriting process . With the expanded number of states that have approved marijuana for medical usage and the outright legalization that Colorado and Washington are now experimenting with the life insurance industry is having to adjust to this changing legal environment in their underwriting practices . Different life insurance carriers are addressing the marijuana usage issue in different ways so there is no universal standard being applied to this issue and it is an area where a great deal of evolution is currently underway and probably will be for years to come .


Input: What Drugs Do Health Insurance Companies Test For?

Output: Under the affordable care act , health plans are , in short , guaranteed issue -LRB- when you apply during the annual open enrollment period or if you apply under a qualifying special enrollment period -RRB- . You can not be denied coverage for any pre-existing conditions or other health-related issues and you do not have to take an exam to secure coverage . So to answer your questions ... none . Health insurance companies can not test you for drugs to secure a policy . If you 're applying for another type of coverage such as life insurance or disability insurance , you would have to take a medical exam . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Why Are My Auto Insurance Rates So High?

Output: Automobile rates are determined from several factors : If could be the company you are with . Be sure to shop around , What does your driving history look like ? If you have a record of events , this will increase your rates . Age . If you are a teenager , your rates will be higher than someone in there 30 's for example . Credit history . Some companies use this as a factor to your premium rates . Type of coverage you have . This is a bit subjective however if you are still paying on your car , then you probably are paying for full coverage . This is more expensive than just liability . Please note , I am not recommending you to get liability just to reduce cost . Consult your auto insurance agent to review the plans you have available and the related costs . Be sure to ask why you need it , is it mandatory or required , what you loose if you do not have it .


Input: Do You Need To Have Homeowners Insurance In Alaska?

Output: Homeowner insurance in any state is mandatory if you have a mortgage but is optional if you do n't . The mortgage company wants to protect their interest in the home by making the homeowner purchase homeowner insurance . Everyone should consider purchasing it to protect your investment and the contents of the home plus your personal liability as the owner of the property . Talk to a local agent and review your specific needs for this type of policy .


Input: Why Is 401K Taxed?

Output: A 401 -LRB- K -RRB- defined contribution plan is a tax DEFERRED program instituted by your employer . Contributions by you to the plan are normally tax deferred , meaning that there isnt any current income tax on that portion of your income . -RRB- The same is true if your employer makes a contribution . When the funds are withdrawn they are taxable as ordinary income under most circumstances . A distribution before you reach age 50.5 could incur an additional 10 % penalty tax .


Input: What Is The Best Supplemental Insurance To Have With Medicare?

Output: The `` best '' supplement may be a different Medicare supplement -LRB- Medigap -RRB- plan for each plan -LRB- e.g. plan F may be most appropriate for person ABC and plan N may be most appropriate for person XYZ -RRB- as everyone has their own needs , budgets , and other factors . Plan F is the most comprehensive plan and creates the most predictable expense structure for an insured , however , it also features the highest premiums .


Input: How To Contest A Life Insurance Beneficiary?

Output: Traditionally one can not contest the beneficiary of a life insurance contract . The beneficiary designation is chosen by the contract owner and can only be changed by the contract owner . The contract is a private arrangement between the insured and the insurance company and the chosen beneficiary is up to the owner .


Input: How To Contest A Life Insurance Beneficiary?

Output: Get a lawyer , because odds are you will need a court order to force the change . The job of the life insurance company is to honor the contract with the policy owner . The policy owner has control and so gets to designate the beneficiary . At the time of application , the company makes sure the beneficiary has insurable interest . Is he or she a family member ? Business partner ? Charitable recipient ? People with a financial dependence on the insured qualify as beneficiaries . In addition , the processes of prequalification and underwriting are pretty effective in confirming the insured and policy owners are in the right frame of mind to make major financial decisions . No company wants to enter into a legal agreement with another party who is not competent . So these life insurance contracts could be considered pretty solid . Nonetheless , is it possible that there was some kind of extraneous pressure or personal problem that resulted in a bad decision by the policyholder ? Sure . You would have to prove that . And that , of course , it would take time and money . I think pretty valid challenges could conceivably be made . Divorce , remarriage , adoption . Birth of a child . Death of a spouse . All these events could show that one family member was more dependent on the insured than the other . And entitled to the insurance benefit . Perhaps the policyholder was indeed ill , or under severe life stress . Doctors may have to be called upon . Therapists ? Business associates ? I think you can get an idea of just how much work you would have to put into contesting the beneficiary designation on the policy . Make sure it is worth it .


Input: How To Contest A Life Insurance Beneficiary?

Output: To contest a life insurance beneficiary , you must hire legal representation and prepare to be in for a long haul . It is unusual that the court will side with the one contesting the beneficiary . However , if you can prove that a major life event occurred and that the policy owner neglected to make the beneficiary change , sometimes the challenge will work . Some are able to use arbitration to settle such disputes . It is easier to contest a beneficiary if the beneficiary has not financial interest with the policy owner .


Input: What Is The Yearly Deductible For Medicare Part B?

Output: The yearly deductible for Medicare Part B in 2013 for most people is $ 147 per year . For those with higher incomes , the yearly deductible is as follows for a single person . Above $ 85,000 to $ 107,000 - $ 146.90 per year Above $ 107,000 to $ 160,000 - $ 209.80 per year Above $ 160,000 to $ 214,000 - $ 272.70 per year Above $ 214,000 - $ 335.70 per year


Input: What Is The Yearly Deductible For Medicare Part B?

Output: The Medicare Part B deductible for 2014 is $ 147 . This is different from the Medicare Part B premium that you pay out of your Social Security . Medicare Supplement insurance can help pay your Part B deductible but not your Medicare Part B premium . In 2014 , most people pay $ 104.90 for their Medicare Part B monthly premium .


Input: Does Renters Insurance Cover Laptops?

Output: Renter 's insurance can cover laptops , depending on your specific benefits and what riders -LRB- if needed -RRB- that you have . Wear and tear will not be covered . Also mechanical failure will not be covered either . Each carrier will have different rates and coverage so consult with an experienced full-time broker for the best rates .


Input: How Much Does Life Insurance Typically Cost?

Output: The best way to see what life insurance would typically cost for you is to go to a website that offers instant life insurance quotes , and experiment with different face amounts and term lengths . Typically , most people do not qualify for the best rate class , and and you will be seeing the most competitive rates in the industry . But it will give you an idea .


Input: Is Car Insurance Automatically Renewed?

Output: No , you renew it by paying the premium . The company does not have to renew your policy . If your claims history or driving record no longer meets their criteria you can be canceled , have your rates increased or be placed in the companies high risk plan if they have one .


Input: Which Company Has The Best Long Term Care Insurance?

Output: You always need to match the long term care insurance -LRB- LTCi -RRB- company with client suitability . Suitability for -LRB- LTCi -RRB- is based the clients personal profile , risk tolerance and economic goals . Once thats established then we can review the LTCi company for pricing , contractual language and policy provisions that are consumer centric . But if Im forced to answer , my recommendation overall is to include Genworth in your research .


Input: What Is The Best Medicare Advantage Plan In New York?

Output: The best Medicare Advantage plan in New York will depend on your specific needs and perhaps what part of the state you reside in . It is absolutely critical to utilize a licensed experienced full-time broker that works with MA plans . They will be able to explain details and if a Medical Advantage plan is right for you .


Input: Who Sells The Best Life Insurance?

Output: The best life insurance isone that is sold by a stable , A-rated -LRB- A.M. Best -RRB- insurance company , and isthe lowest priced for the amount and length -LRB- term -RRB- you need Sounds complicated ? Not really . To get the best deal , visit a website that offers term life quotes . There are many out there , but I like the QualityTermLife website because it lets you compare over 100 insurers , has a needs calculator to help figure out just how much to buy , and you do n't have to give your phone or email just to see the quotes .


Input: Who Sells The Best Life Insurance?

Output: The best life insurance policy is the one that is in force on the day you die . It matters little how much you paid for the coverage over the years . The real problem is knowing how much coverage to purchase . In the clamor to buy the cheapest term insurance we overlook the fact that very few of these policies result in a death claim . Buy insurance that is going to be there when you need it .


Input: Who Sells The Best Life Insurance?

Output: Many companies are excellent companies go work with . I know because I work with multiple companies , and hundreds of coverages in 50 states . The way to find the best company for the best fit your needs is to speak to a professional to determine . There are different products and coverages for everybody . Different forms of Life Insurance , too .


Input: Who Sells The Best Life Insurance?

Output: There are many , many agents who sell the best life insurance on the market , based on life insurance company ratings . The question is , who can you trust to sell you the best life insurance for you ? It 's kind of like looking for a home in a new city . You know there are some fantastic houses out there , and possibly even some that have the features you want , that will fit your budget . But will your realtor show you those homes ? You really have to trust your realtor to guide you to the best home that meets your needs and price guidelines . The agents who write answers on this website know how to listen and answer questions , one of the most important parts of finding your best life insurance . Many of us have access to scores of companies , so that we can shop around for you . At the risk of sounding self-serving , I would say you ca n't go wrong starting here .


Input: Who Sells The Best Life Insurance?

Output: There are lots of agents that sell the best life insurance on the market . Problem is the best life insurance policy does not come from one company . The best life insurance policy is the policy that protects your loved ones for the cheapest rate for your unique situation . I recommend not guessing but finding an experienced independent life insurance broker that you trust to professionally shop to find you the very best life insurance policy .


Input: Who Sells The Best Life Insurance?

Output: There are many companies that will say they sell the best life insurance . But , aside from looking at ratings from agencies like AM Best and Moody 's , there is technically no best life insurance company , and no best type of life insurance policy . Life insurance companies are highly regulated , and different policies meet different needs . So the agent who sells the best life insurance is the one that finds the best policy for YOU .


Input: What Is Elephant Car Insurance Like?

Output: Elephant car insurance is a very reputable company that is slowly making their presence felt here in the US . Actually , I just wrote an article about Elephant for one of my websites . They are not yet in every state , but they are very consumer-oriented and their employees love working for the company . And of course , where available , their rates are also very competitive .


Input: Is Sewer Line Replacement Covered By Homeowners Insurance?

Output: You can purchase an endorsement called Water/Sewer Backup which will cover resulting damage from a water/sewer line backup . The sewer line itself is not covered but the resulting damage is covered . Homeowners insurance is designed to cover sudden and accidental losses . It is not a maintenance policy and it does not cover damage from wear and tear so if you sewer line needs to be replaced because it is old or tree roots have cracked the pipe , there is no coverage .


Input: Is Annuity A Security?

Output: Tax deferred annuities have three basic crediting methods : interest rate crediting , indice crediting and separate sub accounts crediting with equity and bond instruments . Separate sub accounts are used in variable annuities and are classified as a security product -LRB- FINRA -RRB- as well as an insurance product -LRB- Department of Insurance . -RRB-


Input: Can A 70 Year Old Get Life Insurance?

Output: That is a great question ! Absolutely you can . In fact , there are probably more policies available for people aged 50-75 than there are any others . Younger people do n't believe that their ends will ever come , while age brings wisdom , in many cases . There are a ton of great options , and a good agent can help you find an affordable policy with the coverage that you can safely afford . If you 'd like some more details , please feel free to contact me , okay ? Thank you for asking !


Input: Can A 70 Year Old Get Life Insurance?

Output: Absolutely . Seniors can get life insurance . At 70 , you may still have young dependents who you support or are putting through college . You may want a lot of coverage to protect an estate from inheritance taxes or just enough for final expenses so that you need n't burden your family . Here are your quotes for 10 years , $ 500,000 , excellent health . Around $ 3700/year . WEBSITELINK -LRB- copy and paste into your browser 's address bar -RRB- For other health status , term -LRB- length -RRB- , or amount you can use the quote engine at WEBSITELINK


Input: Can A 70 Year Old Get Life Insurance?

Output: Actually , people as old as 90 can buy life insurance . They can buy as much as they need as long as the amount is financially justifiable . There are carriers who specialize in older age groups . They have a sophisticated understanding of certain medical conditions that affect primarily people when they are older . One example would be Parkinson 's , and another would be cognitive impairment . Because they have a high comfort level with these types of risks , the pricing can be much more affordable than one would think .


Input: Can A 70 Year Old Get Life Insurance?

Output: It actually is easier to get life insurance at age 70 than it is at age 30 . That is because there are so many policies that offer final expense coverage , and most of them have a minimum age requirement of 40-50 years old . Some of these are guaranteed issue , meaning there are no health questions whatsoever , and you can not be denied . Most have a maximum age 75-85 . So yes , agencies like ours , that carry many policies for seniors , can offer an assortment of prices . We can also find you medically underwritten policies in larger face amounts , for purposes other than funeral , memorial service , etc. .


Input: Does Health Insurance Actually Make People Healthier?

Output: Health insurance itself does not make anyone healthier or sicker . Removing or reducing the financial barriers to accessing healthcare that health insurance makes possible helps create an environment where preventive care is encouraged and health problems may be detected at earlier more manageable stages . Past statistics showed a correlation between having health insurance and better health . However , those statistics come from the era when underwriting of health insurance for risk was allowed and individuals could be declined for coverage for pre-existing conditions . Starting in 2014 such practices are no longer allowed in the fully insured health insurance marketplaces and so a totally different risk pool is being created and we are essentially working on the assumption that expanding access to care will correlate with improved health care outcomes . As health care reform is easing access for some segments of our population that may have been on the outside looking in in the past , it is also raising premium costs and out-of-pocket expenses to levels that are either forcing some previously insured persons out of insurance coverage or significantly raising the out-of-pocket expenses they must incur before their coverage kicks in which may deter some people from seeking needed treatment . For this reason the jury will be out for some time as to whether our current health insurance reform efforts will yield improved health for the general population . A person can have the best health insurance possible but if the individual does not take responsibility for managing their health -LRB- smoking cessation , weight management , exercise , etc. -RRB- their overall health status is unlikely to improve .


Input: How Much Should I Spend On Disability Insurance?

Output: A disability experience can ruin a persons financial condition in a very short period of time . Most Americans will experience a disability in their working life . That period of disability averages 30 months . Moat Americans have 90 days of cash reserves . If youre a midlife nonsmoker with good health you may pay 5-8 % of your compensation for disability insurance .


Input: How Much Should I Spend On Disability Insurance?

Output: What you spend on disability insurance should depend on a combination of you financial needs and you personal budget . A disability policy is designed to replace lost income , so of course , the future of your health must be considered . There is no easy way to calculate your specific need since everyone 's budget is different and unforeseen changes always seem to occur . It is always best to consider each person 's situation individually , instead of making a general recommendation . An experienced full-time broker or financial planner is positively the best resource to help you determine the correct type of policy to purchase and from what carrier . The broker will shop all of the top-rated companies for you and review the specifics of the best options .


Input: What Are The Benefits Of Long Term Care Insurance?

Output: Some benefits of Long Term Care Insurance are : protection of your estate , having choices in meeting your long term care needs rather than having to take what Medicaid dictates , peace of mind that comes from knowing you will not be a burden to your family if even unable to care for yourself .


Input: Is Disability Insurance A Good Deal?

Output: Disability insurance is a major part of defensive planning . Without income protection , most will have great difficulty making ends meet . The number one asset you have is the ability to produce income . Disability insurance is paycheck insurance if you cant work . Most American workers have 90 days in cash reserves . The average disability is 31 months . The odds are much greater that youll experience a disability event than dying .


Input: Does Home Insurance Cover Wind Damage To The Roof?

Output: Generally speaking , your homeowners insurance will coverage wind damage . There are instances where this wo n't be the case , but there would normally be a specific exclusion in your policy that says it does n't cover wind damage . I would recommend speaking to an insurance professional to ensure that the damage will be covered by your policy .


Input: Is Lunesta Covered By Medicare?

Output: Lunesta is a type of prescription medication , generally used to treat insomnia . Since it 's a medication , you would need to look at your Medicare prescription drug coverage -LRB- Part C , Medicare Advantage with drug coverage , or your Part D standalone prescription drug plan -RRB- formulary to see if it 's covered . A formulary is the list of medications covered by your plan .


Input: Is Long Term Disability Insurance Necessary?

Output: Is long term disability necessary ? Again these kind of questions fall to individual and what they need . Again Disability insurance is income insurance . If your income is not effected by being unable to work -LRB- passive income -RRB- then a Long Term Disability policy may not be necessary . How long could your disability be ? Who knows ? it has n't happened yet . Figuring how long you want coverage to run or what options you want is a risk that you decide . Carrying no risk is really expensive , no doubt about that . Carrying some risk , will cost a few dollars as well . Assuming all risk may work for a person too , but . . if it does n't well this where you read about people losing everything . Insurance is sharing risk with another entity . How much and how long is up to you .


Input: Is Long Term Disability Insurance Necessary?

Output: If you need your paycheck to pay your bills and maintain a desirable standard of living , disability insurance is probably necessary . If you became disabled and unable to work for more than several months , it could take a year to get on Social Security Disability , and the benefit amount is very low . In addition , if you can work at `` any '' job , you may not qualify for SSDI . By contrast , long term disability insurance can pay you more , the waiting period is usually only 3 months -LRB- whatever you specify in your policy -RRB- , and if you have the `` own occupation '' feature on your policy , you will collect the benefit even if you can work at `` any '' job , but just can not perform YOUR job . In light of those facts , most people would consider long term DI an necessary expense .


Input: Does Renters Insurance Cover Hurricanes

Output: A renters policy provides coverage for damage that is the result of a covered peril . Since there is a wide variety of forms this can not be answered for every case , however , most policies list windstorm or hail right after fire and lightning . These are the fundamental coverages contained in most policies . The coverage has some limitations . The company will normally not pay for loss to property inside a structure , caused by dust , rain , sand , sleet , snow or water , all whether driven by wind or not , which enter through an opening not made by the direct force of wind or hail . The company is not likely to pay for the loss to watercraft and their trailers unless inside a fully enclosed building . Smaller water craft normally have coverage . If your property damage is subject to ordinance or law , such as a connection for an appliance , there might be a limitation on the increased cost of replacement that comes because of that law or ordinance . If the hurricane causes landslides or erosion , damage to your personal property arising from that movement of land might not be covered either . The same is true if the damage comes from flood water or tidal waves . This exclusion applies whether it is caused by wind or not . If the hurricane interrupts power supply the insurance company probably will deny coverage on any loss that result from that cause , for example rotting food in a freezer . If you are running a business out of your apartment , the company will probably exclude any loss that comes from that business to include interruption because there isnt power or people can not reach your apartment . The chances are quite good that if a hurricane strikes your apartment , that your renters policy will replace your property up to the limits of the policy . This is when you find out how good your coverage is . If you have appropriate limits you could be fully restored , minus the deductible . It is very important to have the correct limits for coverage on your renters policy . To make sure that you have adequate coverage take a picture of everything that you own inside your apartment . Then make a chart showing the property and the estimated cost of replacing the property . When you add up that list you will have the amount of coverage you should set as a limit for your policy . The pictures and estimates should be stored off-site in case that hurricane becomes a reality . Hurricanes often result in a loss of life . While that might seem remote , this might be a good time to consider what will happen to those that you leave behind . A quick inventory of debts would be a good thing to have handy . If you can eliminate debts and pay for final expenses you would be a great help to those that you love . Every weekend we see people on street corners seeking donations or offering car wash services so they can pay the expenses for a loved one . It is sad but it can be avoided with just a small amount of planning .


Input: Does Medicare Cover Insulin Pump Supplies?

Output: Yes , Medicare does cover insulin pump supplies under Medicare Part B . If the Medicare patient uses syringes or pen for diabetes , rather than a pump , those supplies are not covered by Part B but are covered by Part D . The diabetic person using the insulin pump must have type 1 diabetes , or hard to control type 2 or gestational diabetes .


Input: What Does A Basic Renters Insurance Policy Cover?

Output: A good renters insurance policy will cover your personal belongings for fire , lightning , wind , vandalism and other named perils as well as theft and liability . It covers everything but the building and items owned by the building . It is the landlords responsibility to cover those . There are some basic fire policies that are more limited in nature so make sure you know what you are buying .


Input: Does Homeowners Insurance Cover Vandalism?

Output: Homeowners Insurance is most often written on Form HO-3 ; the Form HO-3 Homeowners Special Form does include damage from the perils Vandalism and Malicious Mischief . The coverage will apply to the Dwelling and Detached Structures covered by the policy ; however , the deductible will apply . On the other hand , if only Basic Fire Coverage is purchased , sometimes known as ` Fire & Lightning ' , there would be no coverage afforded for damage caused by vandalism . This would apply to forms HO-1 or DP-1 which are the most basic forms of coverage available for single family residences . It is important that you review your specific insurance policy to assure that you are certain of what is covered ; also , you may contact a company representative for a detailed review of your policy !


Input: What Is A Life Insurance Wrapper?

Output: A life insurance wrapper is a terrible metaphor for the tax advantaged features of a life insurance policy that allows crediting methods like interest rates , indices and separate subaccounts using equities and bond investments . Life insurance accumulated tax deferred and a TAMRA compliant non modified endowment policy can generate tax free income provided that the life insurance policy is kept in force the life of the insured . The life insurance wrapped around the crediting method is the marketing approach here .


Input: What Does 10 Year Term Life Insurance Mean?

Output: 10 year term life insurance means that the policy will stay the same price for 10 years , then either end , or jump way up in price . Some policies offer a rider to extend the policy beyond 10 years at an additional cost . Normally , after the 10 years of a 10 year term life insurance policy are up , the insured person must apply for a new policy at rates appropriate to their older age and health at that time . Or else they may be able to convert their policy to permanent insurance before the 10 year term ends . The permanent insurance is guaranteed to have the same health rating as the term did , and priced according to the age of the insured at the time of conversion .


Input: How Much For Full Coverage Car Insurance?

Output: The only way to find out is to request an actual quote , there are too many variables for anyone to be able to give you a price unless you request a quote and give them all your information . Also , it 's important to understand that there 's no such thing as `` Full Coverage '' . There is Liability coverage which covers you in case you damage someone 's property or injure another person . There is Collision coverage which pays for repairs to your vehicle in case of an accident . There is also Other Than Collision coverage which pays for repairs to your vehicle in case something other than a collision happens . When people say `` Full Coverage '' they 're usually referring to a combination of Liability , Collision , Comprehensive and a few other overages .


Input: How Much For Full Coverage Car Insurance?

Output: As I illustrated recently to a class of high school freshmen , that is really a complicated question but let me clarify full-coverage first . Insurance agents only use that term when someone else introduces the subject . We know that full-coverage does not mean that the insurance company will make everything right all the time . Policies have limits , claims are adjusted and there are a great many places where there could be misunderstandings . An insurance policy has two major sections , liability and property damage . Many people think that if they have coverage in both sections they have full-coverage . If they cause an accident and people are injured , they might well be sued . The liability portion of the policy will stand between them and the injured party until the judgments and expenses exceed the liability limits written in their policy . These limits can range from $ 15,000 to over $ 1 million . So if someone is injured and sues and wins a judgment in the amount of $ 50,000 , your full-coverage policy might not meet your needs and the court might be looking at your other assets to satisfy the judgment . A similar disagreement can arise with property damage . This is settled on actual cash value , unless you have a rare policy with agreed value coverage . There are two problems which present themselves . You might really love your little Ford Focus that you bought two years ago and when it is damaged disagree with the adjuster on the value of the car . When the car is inspected the adjuster may decide that the car can not be repaired economically . The adjusted value presented will probably be less than you expected because there is a deductible which will be taken out of the settlement . Again , your full-coverage policy may not cover you in the way that you want . However , you asked about cost and in California the cost is dependent on the year , make and model of the vehicle , where the vehicle is registered , the driving record of the members of the household , the annual mileage of the vehicle , and then the coverages that you select . Companies offer discounts and sometimes assess penalties based on driving histories , other types of coverage , the occupation of the principal operator and other factors . The answer to how much it costs is , it depends .


Input: Can A Life Insurance Policy Be Used As Collateral?

Output: It will depend on the type of policy you own . Term Insurance policies have no cash value and offer pure insurance coverage . If you purchase whole life or universal life insurance there is a cash accumulation account associated with the policy . This cash value is actual cash that is available to the owner -LRB- less any fees to cash policy in -RRB- . These cash funds can be used in certain situations as collateral for a loan .


Input: Can A Life Insurance Policy Be Used As Collateral?

Output: The SBA -LRB- Small Business Administration -RRB- does often require life insurance as collateral for a loan . If they loan is short term , they will take life insurance policies as short as 10 year term or less . You fill out a collateral assignment form that designates that they will get the amount owed to them , should you die . Then your beneficiary will get the rest .


Input: Can You Drive Without Car Insurance In Colorado?

Output: Driving without car insurance in not a smart idea . Colorado requires drivers to carry insurance limits of $ 25,000 per per person , $ 50,000 per accident for bodily injury , and $ 15,000 per occurrence of property damage liability . If you get caught driving without insurance , the police can arrest you and impound your car . The court can impose additional fines and requirements , or restrict your ability to drive . Contact a local agent to discuss your auto insurance needs . If you can not afford full coverage , let them know that . It is better to have the state minimum requirements and be able to pay for the coverage , then no coverage at all . Let us know if their is anything we can assist you with !


Input: Is GST Applicable To Life Insurance?

Output: By GST I 'm assuming you are referring to Canadian Good 's and Services Tax . If this is the case , the answer is no . As of current legislation Canadian Goods and Services Tax does not apply to life insurance purchases . Ontario , however , does add a provincial sales tax to life insurance transactions .


Input: How Much Does Life Insurance Cost For A 40 Year Old?

Output: This is a great question , Life insurance premiums vary depending on a number of things such as gender , insurance company , type of plan , riders you may want , amount of insurance you want , if there are any health issues , etc. etc.etc . You can contact us for a personalized quote if you are in one of the states that we are licensed in .


Input: Which Dogs Raise Home Insurance?

Output: Rather than raise rates many companies restrict coverage . For example , the company might completely exclude coverage for personal injury or loss that comes beause you own a pit bull , Doberman , or Rottweiler . If you have an animal that has a history of biting , you will probably find that animal excluded as well . The company may also limit the amount that they will pay for any claim coming from the bite of any animal .


Input: Which Dogs Raise Home Insurance?

Output: Most companies have a prohibited dog list . If you have one of these dogs listed below most home insurance companies will either not write the policy or issue a notice of non-renewal if discovered . If you have an animal liability endorsement , the coverage more than likely will not cover any prohibitive dog claim . Animal liability or `` dog bite '' liability will cover your dog that is not on any prohibitive list and has no bite history . Take a look at the list from one of the companies we represent . Akitas American Bulldogs Beaucerons Caucasian Mountain Dogs Chow Chow Doberman Pinschers German Shephards Great Danes Pit Bulls Rottweilers Staffordshire Terriers Wolf Hybrids This not a general list for all homeowners insurance companies . Each company may have their own list of prohibitive dog breeds . If you own a dog , it is best you first check your policy to determine if your homeowners policy covers any animal liability claim and if so , what is the sublimit of liability ?


Input: What Is A Good Health Insurance Plan In Virginia?

Output: A good health insurance plan is the plan that will best serve your specific needs . Suitability is an important factor in figuring out which plan is best for you . Two questions that are helpful in pointing you in the right direction to find the plan type that 's best for you are : 1 -RRB- do you want the most comprehensive coverage you can get or are you willing to take on a larger share of the risk/costs to keep your premiums down ? 2 -RRB- what is your budget ? maximum dollar you 're willing to spend ? Under the Affordable Care Act , there are four main benefit levels - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may also want to see if group coverage is available through your employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or your employment was terminated , you lose the coverage . An individual plan will stay with you wherever you go . It 's always helpful to consult with an experienced broker regarding your coverage . We have in-depth knowledge of products from multiple carriers and work on a personal level with our clients and help them find the coverage that will best serve their needs . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much !


Input: What Is A Good Health Insurance Plan In Virginia?

Output: A good health insurance plan in Virginia is any plan that covers your medical bills ! Health insurance is very complicated and cheaper is not always better . Here are some tips when comparing different health insurance plans . First , make sure your doctor is part of the insurance network . Second , choose a deductible and co-insurance percentage you can afford . Third , check the co-pay and find out the maximum out of pocket expense . The maximum out of pocket expense is the most you will pay in any one year . Once you have this information you can compare rates and select a plan that 's right for you and your family .


Input: What Does Life Insurance Per Unit Mean?

Output: `` Life insurance per unit '' is the cost of life insurance per thousand dollars of coverage . Child Riders are priced per unit . E.g. a $ 10,000 child rider may cost $ 60 per year , or $ 6.00 per unit . Flat extras are also charged by unit . The insurance company may add on $ 7.50 per unit of life insurance for 3 years after having surgery for prostate cancer . For a $ 100,000 policy , that would add on $ 750 per year , but then the flat extra would drop off after three years and the policy would cost $ 750 less . You can also price your own policy if you know the cost of one unit of life insurance . E.g. . If you are buying a final expense policy that costs $ 50 per unit , a $ 10,000 policy will cost $ 500 per year .


Input: Can A Veteran Get Life Insurance?

Output: A veteran who is no longer in active service can purchase the same life insurance as anyone else , based on age and health requirements . There is also military life insurance for veterans , but it has strict conditions -LRB- you can see those by searching on the word `` veteran '' on this website -RRB- .


Input: Can A Veteran Get Life Insurance?

Output: Depending upon each life insurance companys definition of war or war exclusions as well as the status of military service , i.e. active , reserves or retired will determine the ability to secure life insurance coverage . However , with the exception of these disclaimers , you should be treated like other potential insured applying for life insurance .


Input: Can I Buy Health Insurance Just For My Child?

Output: You can buy health insurance for just your child . Rates will be very inexpensive , unless there are major health conditions . Coverage may be limited since many carriers only issue short-term plans on child-only policies . However , beginning in October , Open Enrollment for 2014 plans will begin and many more options will become available . An experienced broker can help you select the best plan at the most affordable price .


Input: How To Avoid Paying Taxes On Annuities?

Output: Deferred or single premium immediate annuity policies only delay taxes , they dont avoid taxes . Even artful tactics in ownership with trusts or split annuitant strategies ultimately pay taxes . You could give an annuity to a charity outright and you would n't pay taxes , but youd have no asset either . Annuities only stall the inevitable tax event . But they are advantages to deferring taxation and that is where the planning begins .


Input: What Does The Insurance Company Do When Your Car Is Stolen?

Output: If you car is stolen and not recovered then the insurance company , providing you have comprehensive coverage , will determine the actual cash value of your vehicle and then write you a check for the stolen vehicle . You will have to relinquish the title over to the insurance company . If you had a loan on the vehicle the loan will be paid off first and you will receive what ever is left . If you do not have comprehensive coverage then you have no coverage for the loss . If you car is recovered then it will be determined if the car is repairable or a total loss depending on the condition the car is found in . Most insurance companies will wait 30 days to see if the car is recovered or not then just call it a loss at that point if the car is not recovered .


Input: How Many Claims Before Home Insurance Cancels?

Output: This may differ by state , but here in Michigan the Guideline is 3 claims , over $ 1,500 , non weather related , within 3 years . Some companies may be a little different , but that 's a good baseline . Insurance companies do n't really have problems with weather related claims or big claims . The thing that hurts an insurance company 's bottom line is frequency , not severity .


Input: How To Evaluate Health Insurance Plans?

Output: Obamacare has eliminated most competition in SC and with the regulations of the plans all plan choices are the same . However , deductibles , copays , and coinsurance are the key factors in evaluating the affordability and the value of the plan to each individual or family . ACA plans that are not on the federal exchange such as United Health One have some differences like an HSA plan that is not available on the exchange . Now , you can step outside of the approved Obamacare guidelines and find a plan that offers great protection at a lower premium while accepting the penalty imposed by the Feds for that `` terrible '' decision . For more information on truly affordable plans outside of Obamacare call Ron Hinch , The Hinch Financial Group @ 843-450-9879 '


Input: What Is Physical Damage Coverage In Auto Insurance?

Output: Physical damage is damage to your vehicle . If the damage is sustained in a collision , the applicable portion of an auto policy would be the collision coverage which repairs your vehicle after you meet a stated deductible amount . If the car is damaged by other means , the coverage applicable is called comprehensive . It works the same way but generally has a different deductible amount stated .


Input: What Is Physical Damage Coverage In Auto Insurance?

Output: There are two primary elements of coverage provided in a typical car insurance policy . One element is Liability coverage which provides protection for you if you cause injury or damage to someone else or their property . The Physical Damage element provided Collision as well as non-collision -LRB- Comprehensive -RRB- damage coverage for your car .


Input: How To Shop For Long Term Disability Insurance?

Output: How to shop for long term disability care insurance ? First start with a group of companies to compare from . Then READ the plans . The most important anything in a disability policy is the definition of what is disability . It does n't matter how long or how much if you never met the definition of disability stated inside the policy . The cheapest premiums with the highest payouts mean nothing if you never meet the policy 's definition .


Input: How To Shop For Long Term Disability Insurance?

Output: You can shop for long term disability insurance over the internet , phone , or by going to an office that sells disability insurance products . A good place to find an agent would be to read answers from agents answering disability insurance questions on this website . I would ask them if they sell with more than one company , so that you do n't have to visit multiple websites to get a variety of quotes . They will need to ask you health and occupation questions in order to match you up with a product you can qualify for , and to get you the best price .


Input: Can You Get Life Insurance With Cancer?

Output: While in the midst of cancer treatments , the only type of Life Insurance one can get is Guaranteed Issue . Since there are age limits on guaranteed issue life insurance -LRB- minimum age is usually 45 +0 -RRB- , and since it is not available in every state , not everyone can get coverage while having cancer that is not yet removed , cured , or in remission . After a year or two of being cancer free , there are several simplified issue policies that are available in addition to guaranteed issue , and some of these will work for persons under age 45 . The farther out from the time of being last treated for cancer , the better the chances of getting a regular life insurance policy . The type and stage of cancer also enter in . To find out whether you can get life insurance as a cancer patient or survivor , call an agent who can walk through the questions with you and who has an arsenal of policies to choose from . Get one locked in now , and hopefully you can find a cheaper one in the future .


Input: Can I Pay Auto Insurance With A Credit Card?

Output: That is going to depend on your carrier . To the best of my knowledge there are a few carriers out there that will accept payment through a credit card . Many carriers still prefer payment to be in the form of a check or by debit card . Contact a local agent to discuss the payment options that they have available with the carriers that they work with .


Input: What Kind Of Annuities Are Out There?

Output: There are many different kinds of annuities offered by many different insurance companies . Each annuity has its own features . I typically group annuities into four main categories . Immediate Annuities : This is an annuity that begins a payment stream upon purchase or shortly thereafter -LRB- within a year -RRB- . The payment is guaranteed for a period of time or for a lifetime -LRB- or lifetimes in the case of a joint payout -RRB- . Variable Annuities : This annuity has tax deferred growth that is based on the performance of the sub-accounts within the contract . The owner of the annuity can choose which accounts to allocate their funds . The performance of the annuity can be either positive or negative so an owner is assuming some level of investment risk . Fixed Annuity : This annuity has tax deferred growth that is set for a fixed period of time . The interest rate of the annuity is usually set at the purchase date but can be adjusted at a later date in some contracts . The performance is usually a known outcome and highly dependent on the length of the annuity contract . Indexed Annuities : This annuity has tax deferred growth that is based on the performance of an particular index -LRB- es -RRB- . The owner can choose which index -LRB- es -RRB- to allocate their funds such as the S&P , but their funds are n't actually invested in that index . The index is only used to determine the performance . The performance of indexed annuities are usually only zero or higher with a limit on the upside known as a `` cap . '' These are general definitions and are by no means suggesting which is better or more appropriate for any situation . My recommendation , if you are interested in learning more about annuities , is to speak with a professional licensed to describe the pros and cons of each annuity type based on your particular situation .


Input: What Does Obamacare Mean For Nurses?

Output: Typically , nurses purchase their own health insurance -LRB- unless they work for a hospital or other large company -RRB- . Since rates are expected to increase -LRB- perhaps dramatically in some areas -RRB- , nurses will feel the brunt of higher prices . A new federal tax subsidy will help reduce rates for those that qualify . And of course , nurses , like everyone , must now buy health insurance . It 's the law .


Input: What Does Obamacare Mean For Nurses?

Output: What does obamacare mean for nurses ? From an health insurance point of view . the same for just about everyone . Note : my opinion here . Professionally , obamacare will mean a much harder job as I think hospitals will cut staff and pay . There will not be a bonanza of new jobs or money with Obamacare as the only way to get it to work is reduce costs and there will be downward pressure .


Input: Why Should You Buy Long Term Care Insurance?

Output: People usually buy long term care insurance so that they can have the money to make choices for their own care ; so that they can save their resources for spouse or heirs ; and/or so their relatives do not worry about what will happen to Mom , Dad , Grandma , or Grandpa if they can no longer can care for themselves .


Input: Why Should You Buy Long Term Care Insurance?

Output: Statistics show that 70 percent of people who reach age 65 will have a need for long term care . By having long term care insurance , you can ensure that your family wo n't have to pull from their savings to help pay for you care should you need become unable to perform one of the activities of daily living -LRB- brushing your teeth , bathing , feeding yourself , etc. -RRB- and need to receive care -LRB- nursing home , in-home care , hospice , etc. -RRB- .


Input: Who Can Apply For Medicare At Age 62?

Output: If you 're not turning at least age 65 , you can only go on Medicare if you 're disabled or have ESRD -LRB- end-stage renal disease -RRB- and meet the under 65 Medicare qualifications . If you 're under 65 and qualify for Medicare Parts A & B , I would suggest looking into securing a Medicare supplement and Part D prescription drug plan or a Medicare Advantage plan . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: What Is A Rolling Target Life Insurance?

Output: Rolling target just refers to an agent compensation method for universal life insurance programs . It 's not a type of life insurance coverage . The commissions agents earn on their sale of a universal life product are based on the `` target premium '' of a policy because universal products feature flexible premiums . I hope the information is helpful - please feel free to contact me with any other questions you may have . Thanks very much .


Input: What Is A Medicare Item Number?

Output: Medicare Item Numbers are used in Australia to identify the Medicare benefit owed to the recipient . You can visit MBS Online to enter a Medicare item number to see your benefit at WEBSITELINK . The Medical Benefits Schedule is part of the wider Medicare Benefits Scheme managed by the Department of Health and Ageing and administered by the Department of Human Services of the Australian government .


Input: What Does Health Insurance Protect You From?

Output: In the most basic terms health insurance protects you from large medical claims that would or could destroy your finances . Most policies are written with protection that limits the insureds maximum risk during a plan year . Health insurance protects you from financial loss by assuming a large portion of the risk in trade for premium .


Input: What Does Health Insurance Protect You From?

Output: Health insurance does not protect you from getting sick or injured in an accident . People buy health insurance for different reasons , but the main reason is for financial protection . Small claims , such as routine doctor bills and most maintenance drugs can be paid out of pocket . There is no reason to buy a policy for routine expenses . The more important reason for buying a major medical plan is to cover large medical claims , the kind that could cause financial ruin . In evaluating major medical policies make sure you understand the way the plan works , paying particular interest to the deductible and out of pocket limits . You should also buy a plan that covers all brand name drugs , not just generics .


Input: Who Qualifies For Medicare Part B?

Output: If you meet the qualification for Medicare Part A you will also qualify for Part B . If you have worked in the Social Security system for at least 10 years , are a US citizen or legal resident for at least 5 years and have attained age 65 you can qualify for Medicare Part A and B.


Input: Is It Illegal To Not Have Health Insurance In New Jersey?

Output: No it is not illegal to not have health insurance in New Jersey . Under the Patient Protection and Affordable Care Act of 2010 -LRB- PPACA , aka Obamacare -RRB- there will be a federal mandate to acquire health insurance that will result in penalty taxes imposed on income for individuals who do not acquire health insurance . The extent of this penalty tax will decrease over the course of the next several years .


Input: Is It Illegal To Not Have Health Insurance In New Jersey?

Output: That is a great question ! While it is not technically illegal to not have health insurance coverage , the Affordable Care Act -LRB- Obamacare -RRB- does impose penalties on those who choose to remain uninsured . The purpose behind having people insured is to greatly lower the costs of health care . When someone without insurance seeks medical care , the cost for that treatment is passed on to all the other people who seek treatment in the form of higher prices . Insuring them returns that cost to them , and the insurance company . Also adding more healthy people to the pool lowers costs , as there is more money going in , and less going out , lowering costs . I hope that helps , thanks for asking !


Input: Is It Illegal To Not Have Health Insurance In New Jersey?

Output: No . Under the affordable care act , if you do not want to have health insurance , you can elect to pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . I hope the information is helpful - please feel free to contact me for help with your coverage or if you have any other questions . Thanks very much .


Input: What's A Deductible For Car Insurance?

Output: A deductible , regardless of the type of coverage you have , is the amount you pay in the event that you need to file a claim with your insurance company for a covered loss . A deductible choice has a direct effect on the price that you pay for the coverage in that the higher the deductible -LRB- meaning the amount of risk that you are willing to accept for yourself -RRB- the lower the premium you will be charged for the insurance coverage .


Input: What's A Deductible For Car Insurance?

Output: A deductible on car insurance can apply to either collision or comprehensive coverage . It represents the amount that you are responsible for when a claim is filed . For example , if an at-fault accident causes $ 4500 of damages , and your deductible is $ 250 , the insurer would pay $ 4,250 and your portion would be $ 250 . A fairly simple concept is n't it ?


Input: What's A Deductible For Car Insurance?

Output: A deductible by definitionis the amount you must pay before benefits `` kick in '' and begin paying.The deductible amount can vary by policy . For example , if you have a $ 500 deductible and want to make a claim , you must pay the $ 500 before the insurance carrier pays it 's share of expenses related to the claim .


Input: What To Look For In Renters Insurance?

Output: The key to purchasing a renters policy is to understand what your exposure might be . Take pictures of everything in your unit that belongs to you , including your clothing , appliances , dishes etc. . Then review the photographs listing the items and their replacement cost . Add the list of replacement costs and you will have the amount of personal property that you have at risk in your unit . I suggest you then meet with an insurance agent and discuss the best way to cover that risk . A claim is not the best time to discover that you are underinsured . Always select the highest possible liability limit . A lawsuit can ruin your weekend .


Input: How do I know what conditions are covered on a critical illness plan?

Output: Great question ! The basic illnesses will be covered by almost all plans , but there are differences from company to company . The conditions under which they are covered and amounts paid out can vary also . I would tell you to look at the policy carefully , and if you do n't have it handy , contact the agent or company that sold it to you . They can tell you exactly what is covered by your policy . If you are looking into purchasing one , please shop carefully , or find a trustworthy agent to guide you through the selection process , to find the best fit for your needs . If I can help any further , please contact me , I 'd be happy to help.Thanks for asking !


Input: How do I know what conditions are covered on a critical illness plan?

Output: I am a huge fan of Critical Illness plans -LRB- CI -RRB- . So I 'm happy to add to the great comments above . What is covered is always defined ... . yet there are a few `` twists to look for '' . Most CI plans have moved to a `` multiple bucket '' philosophy . Most cover the `` Big Three '' critical illnesses : Cancer , Heart Attack , & Stroke . What you have to understand is if the policy is a `` One and Done '' or a `` Multiple Bucket '' plan . One and Done means that once the benefit is paid out for one CI , then the policy terminates . Diagnosed with cancer , you get the check , but there is no benefit for hart attack or stroke . A multiple bucket policy usually has a benefit for different categories -LRB- buckets of money -RRB- : Heart/Stroke , Cancer , Other . So you could be diagnosed with cancer & a benefit is paid . Then the stress gives you a heart attack & a benefit is paid . Then after all that , some `` other CI '' happens and you get a 3rd benefit . ALSO consider what the definitions are WHEN a benefit is paid . Consider an Organ Transplant benefit . Does it pay upon diagnosis and being added to the national registry or does it pay when the physical transplant is completed ? That 's a biiiiig timing difference . Also consider the `` Carcinoma in Situ '' definition and benefit amount . That 's when cancer is isolated to one tissue type -LRB- general definition -RRB- . Being smaller & localized , a Carcinoma in Situ is generally `` not as dangerous or life threatening '' . I believe all CI plans with a Carcinoma in Situ benefit pays only a percentage of the full benefit . So if you have a $ 10,000 cancer bucket , yet it 's Carcinoma in Situ , do you get 10 or 25 % of the full benefit ? Hmmmmm . OR ... does the CI plan your agent is offering even have an in Situ ??? Most have in Situ benefits . Just double check . If you trigger the in Situ benefit know that you still have the remaining percentage left in case the cancer spreads . Usually called invasive cancer . If you received $ 2500 out of your $ 10,000 when it was in Situ , you still have $ 7500 in your `` bucket '' in case things get worse . Look at the riders -LRB- additional benefits too -RRB- . Return of premium upon death -LRB- other than a named CI -RRB- or return of premium after a named period of time , Mortgage payment , accident benefits , hospital benefits , and children 's benefits are riders offered by various carriers . Weigh the cost vs. the benefit based on YOUR specific needs . PLEASE consider coverage for your children . I know that if one of my girls was living in a children 's hospital fighting cancer , I 'd also live there . The cash injection can be financially life saving . HOPE all this helped ... - gravy


Input: How do I know what conditions are covered on a critical illness plan?

Output: The marketing brochure for the critical illness product you are looking into should clearly state which specific critical conditions are covered under the policy and any situations that might trigger a partial payment under the policy . For example , generally , critical illness policies will at least cover heart attacks , strokes , certain organ transplants and usually cancer . Depending upon the company and the policy it markets there may be other conditions it covers or there may be situations where certain conditions will trigger only a partial payment of the policy 's face amount . You should carefully study the marketing materials you are presented , ask for clarifications of how the policy will work in any circumstances you have any questions about and , if possible , you might want to do some comparison shopping . All critical illness policies are not created equal and there coverage , benefit amounts and costs can vary significantly from insurance carrier to insurance carrier .


Input: How do I know what conditions are covered on a critical illness plan?

Output: In the U.S. , covered medical events in a critical illness plan are plainly listed in each policy . So if you have such a policy , read it carefully and do n't buy critical illness in the states until you have first read what it covers because the trigger points vary by company .


Input: How do I know what conditions are covered on a critical illness plan?

Output: In Canada , the basic conditions cover by insurance companies are similar . Some companies offer enhanced coverage . If you own a critical illness policy then the conditions would be listed in the policy document . If you are trying to decide which policy to choose . I suggest you contact an independent insurance broker to help you decide . If you want to do some basic research on your own many companies have a list of the conditions they cover on their web sites . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: How do I know what conditions are covered on a critical illness plan?

Output: Critical illness policies are very specific on the afflictions they cover . Every marketing brochure will list each illness and the percentage of claim to be paid for each illness . The six most common are usually covered by all policies and there are many different carriers that add various critical illnesses to the list . I have seen as many as fourteen . Be sure when comparing coverage that it covers as many as possible for the most affordable premiums . Critical illness is a very affordable way to protect yourself in case of a major potentially career ending illness . Especially , if you can not afford a good long term disability insurance plan .


Input: How Should I Buy Life Insurance?

Output: The first step in buying life insurance is to determine how much coverage you need , what type of insurance will work best for your needs , and how much it will cost . With life insurance you can not just pick out the policy with the features that you like . You must qualify medically , and your overall mortality risk -LRB- or lack thereof -RRB- determines your rate . What company you use and the type of policy you choose also figure into the premium you will pay . So the best way to buy life insurance is to talk to an agent who can help you determine how much you need , explain what types of policies work best for that need , and then shop around to find the best rate for which you qualify . Good life insurance agencies stick with you and guide you through to the time when the policy you want is in your safe , ready to go into action if tragedy strikes . While a life insurance agent is the last person most people wish to consult , in the end , most policies require an agent as the middle person , anyway . Starting out by calling an honest agent can make the process very simple and help you save hundreds of dollars .


Input: How Should I Buy Life Insurance?

Output: Life insurance is very personal . Most people need an advisor that they trust . A trusted life insurance agent is the source of information and advice that you probably require . If you havent established that relationship get recommendations from friends , colleagues or neighbors . The good agent will listen carefully to you and provide solid financial advice . There really isnt a one way approach that meets every persons needs , so trust the agent to guide you .


Input: How Should I Buy Life Insurance?

Output: The best way go get Life Insurance is to find the best company that can fit your needs financially . Many companies are perfect fits and have product bases stronger than the other . I deal with many companies and can indicate the . best coverages for anyone . It is always best to speak with an agent for better advice . Some factors to determine will be future financial needs , age , health , and daily living habits . Most important is to determine an estate or pay for high funeral costs that may occur in the event of sudden mishap or the passing of any insured .


Input: How Should I Buy Life Insurance?

Output: My first bit of advise regarding HOW one should go about buying life insurance is to do a little research . The better informed you are about providers and the types of policies , the better chances are that you 'll get the best policy for your needs and goals . Of course that will necessitate that you have a good handle on exactly what your needs and goals are ! But there may be some living benefits connected to some policies that you are n't aware of , such as the cash value and wealth growth potential of Whole Life with a mutual company - not to mention the tax benefits . So you should confer with an experienced Insurance Adviser who will be able to help you determine your needs and goals , answer questions about insurance companies you are considering , and help you to implement the best policy for you . One question you may find important to get the answer to is how the provider you 're considering handles policy loans . For some enlightening information on that topic please read the article at : WEBSITELINK


Input: Will I Be Drug Tested For Life Insurance?

Output: Not every life insurance company requires a drug test on every policy . Each provider has different underwriting criteria and rules . The policy size and your age at time of application determine the type of medical testing that may be required . A small policy may be simplified issue : just answer a short list of medical questions . A very large policy will require lengthier questions , along with blood and stool samples .


Input: Will I Be Drug Tested For Life Insurance?

Output: Medical underwriting seems to be disappearing . Companies can not justify the cost . When you buy a high amount of life insurance you can expect that the company will require a blood specimen . That would possibly detect drug use . Many insurers today are asking for a list of medications and based on that information they are able to formulate a good profile of you . If you are prescribed a drug that is associated with addictive behavior that could be a red flag .


Input: Will I Be Drug Tested For Life Insurance?

Output: Only policies that use medical underwriting will test you for drug use through a blood and/or urine test . Simplified issue policies do not order blood tests , but they usually do ask about drug use on your life insurance application . Guaranteed issue life insurance does not ask about drug use on your application , nor does it test for it . However , the minimum age for guaranteed issue life insurance is usually at least 40 years old . If the drug use that you are referring to is marijuana , that generally is not a problem , if you apply with the right companies . Using marijuana after a recent DUI or after treatment for addiction is problematic . And of course , using cocaine , meth or heroin makes it difficult to get all but the most lenient -LRB- and therefore , most expensive -RRB- of life insurance policies . Talk to a life insurance agency that you can trust to find out what type of policy is workable for you , at the lowest possible price . They are bound to privacy and no insurance company will see your name unless you actually apply for the policy .


Input: Will I Be Drug Tested For Life Insurance?

Output: A drug test can be your best friend when you apply for life insurance . If you smoke pot on a casual basis , and have been prequalified for non-smoker rates , then a clean drug test on your insurance exam will prove you are true to your word . Let 's suppose you used cocaine in the last year under highly exceptional circumstances , and your broker was able to get you underwriting leniency from a carrier . Their offer would be contingent upon a clean drug test now . If you you still use drugs , then you should consider one of the simplified issue policies referenced above . The only problem is that the total amount of coverage for which you will qualify will be comparatively small . If you need more substantial coverage , then there is a small possibility an excess-market carrier will take you . These underwriting syndicates specialize in extreme risks .


Input: What Affects Homeowners Insurance Premiums?

Output: There are many factors . The reconstruction value of your home and other structures on the property . The amount of personal property that you have . Your claim history . Your credit level . Do you insure your home and auto with the same company . The age of you home . The geographic location . And more . This is just to name the ones that pop up immeadiately .


Input: What Happens To A Life Insurance Policy With No Beneficiary?

Output: If there is no stated primary beneficiary , nor contingent beneficiary alive when the insured passes , the proceeds of a policy would become part of the estate and subject to probate . If the beneficiary was alive longer than the insured , the proceeds would go into the beneficiaires estate and subject to probate regarding their estate .


Input: Does Comprehensive Auto Insurance Cover Vandalism?

Output: Yes , vandalism is one of the covered perils in the Comprehensive portion of most standard auto policies . Comprehensive is the more broadly defined of the two elements that make up the Physical Damage portion of a car insurance policy , the other element being Collision . Collision provides coverage for damages sustained by your car if involved in an accident with another motor vehicle , a stationary object or a human being . Comprehensive provides coverage for all other named perils including vandalism .


Input: How Long Does Cobra Health Insurance Last?

Output: COBRA beneficiaries generally are eligible for coverage a maximum of 18 months . There are certain qualifying events that could extend the coverage . If the beneficiary stops paying the premium or if the employer stops providing the group health insurance the coverage could end earlier . Some plans offer a conversion from the COBRA plan to an individual plan at the end of the COBRA period .


Input: What Does Medicare Cover For Assisted Living?

Output: Medicare does not cover Assisted Living at all . Medicare is very limited on its long term care benefits . You can only get assistance if you are hospitalized for three days , not counting day of discharge , and require skilled care . You can only stay in a nursing home for a maximum of 100 days . the first 20 days are covered in full as long as you meet the requirements , day 21 through 100 you will have a copay . You may also quaify from limited rehab services in your home . If you need assisted living you may qualify for certain veterens benefits if you or your spouse served in the military during a period of war . Your only other option is Medicaid . If you have assets see a good elder law attorney or Medicaid planner . It could save you a large portion of your assets and allow you to get help faster .


Input: Do Life Insurance Proceeds Go Through Probate?

Output: Life insurance death benefit proceeds go direct to the policy beneficiaries . The beneficiary declaration in the application is the directive to the life insurance company on death benefit distributions . There is also an option for contingent beneficiary as well . Avoiding probate is another feature of life insurance coverage .


Input: Do Life Insurance Proceeds Go Through Probate?

Output: You may elect to name a trust as beneficiary to achieve some planning goals for the ultimate beneficiary , such as ` spendthrift ' protection . In such a case , you have made a deliberate decision to use the probate system . You are well advised to give serious consideration to this idea if you have younger beneficiaries .


Input: Do Life Insurance Proceeds Go Through Probate?

Output: As long as a beneficiary is designated , no . If there is no beneficiary , the proceeds default to the estate which means probate . Having a named beneficiary rather than the estate of the insured allows the property to pass by contract directly to heirs without the need for probate . Its effect generally supersedes anything that a will or trust might say . It is also a good idea to consider naming at least one contingent -LRB- backup -RRB- beneficiary and have the insurer confirm the identity of all beneficiaries at least every three years . Clients are often surprised to find they have existing policies with beneficiaries who are deceased which means the estate would get the proceeds and be subjected to probate .


Input: When Is Life Insurance Necessary?

Output: Anytime that someone wants to help ensure that their family is able to better survive financially after their passing . If you were to pass away suddenly , where would your family get the money to replace your income , pay the debts you left behind , or pay for college educations for your children just name a few examples of how the payout from a life insurance can help . Contact a local agent to discuss product availability , pricing , and product details .


Input: Does Aetna Sell Long Term Care Insurance?

Output: I have worked alot with Aetna over the years , providing group health insurance benefits to small business groups . To the best of my knowledge , I have never personally heard of Aetna offering any form of long term care products . I know that they offer group health , group life , and group disability coverages .


Input: What Is Employer Sponsored Retirement Plan?

Output: Employer Sponsored Retirement Plan is generally an ERISA qualified plan that a business sponsors for their employees with employee tax deductible contributions and sometimes an employer contribution match . An example of such a plan is the popular 401k retirement plan offered by many corporations and small businesses alike .


Input: Can You Use Disability Insurance For Maternity Leave?

Output: Only short term disability insurance can be used for maternity leave . Long term disability -LRB- the type most commonly purchased in individual policies -RRB- will only pay benefits if off of work for an extended period of time due to complications of pregnancy , or recovery from complications suffered during or after childbirth .


Input: How Can I Find Out If Someone Has Auto Insurance?

Output: It used to be easy but with privacy protection laws in-force , it now takes some work . Without knowing the reason why you want the information , bear in mind that you will need to demonstrate a legal need for it . You can check with the local police department but you will most probably have to file a police report and provide a solid and legal reason for needing to know about another 's insurance situation . You might also check with your State motor vehicle administration but again , your request will not be honored unless you can provide a reason for your request that is in compliance with the laws .


Input: How Can I Find Out If Someone Has Auto Insurance?

Output: If you are involved in an accident with another party , especially if it is their fault , it is always best to contact the local police in order to file an accident report . The investigating officer will among other things , ask to see that each of you have proof of car insurance , since in most states , having coverage is state law . The insurance company name and policy number will then be written into the officer 's report . You are entitled to a copy of that report and can therefore contact the other party 's listed company to open a claim with them . Provided that that process goes smoothly and you are not told that the policy had cancelled , they have coverage .


Input: How Can I Find Out If Someone Has Auto Insurance?

Output: About the only way to verify whether or not someone has auto insurance is to ask them . If they have coverage they should be able to show you a proof of insurance card from their current carrier with the dates the policy is effective . Privacy laws prevent carriers from disclosing most information about their clients , with limited exceptions .


Input: How Does Life Insurance Test For Smoking?

Output: That is a great question ! In the case of you purchasing a policy for a larger face value , the insurance company will send out a para-med who will take samples or swabs from you to test for the markers of nicotine use . In the case of a smaller face value policy , there will be a question on your application , and then subsequent ones relating to smoking related diseases . If at some point the company has reason to believe that your answers during the application process are less than truthful , they may elect to deny or delay your payment on those grounds . The best thing to do is quit smoking , or find a company that is lenient with their tobacco rules , or one that does n't ask at all . They exist , and a good agent can find one for you . I hope that helps , thanks for asking !


Input: How Does Life Insurance Test For Smoking?

Output: When you take an exam for a life insurance policy , one of the common tests they conduct is a urine test . Each company tests for a set of markers -LRB- the exact markers may vary by carrier -RRB- , but each of them check for nicotine - the presence of nicotine indicates to the carrier the use of tobacco products . The type of tobacco product being used does matter though - a couple of carriers will offer a non-smoker rate -LRB- saving you thousands of dollars over the life of a policy , regardless of term or permanent insurance -RRB- if you only use cigars or chewing tobacco -LRB- some smokeless tobacco -RRB- , and not cigarettes . Prudential is known as somewhat of a `` go to '' company in the agent circles for people who only use the aforementioned types of tobacco . Cigarettes are considered smoker status across the board for underwriting purposes . Please note , when completing an application -LRB- even for a non-medical product -RRB- and falsify information -LRB- e.g. saying you do n't smoke and it 's discovered that you do -RRB- , the carrier can rescind the policy - it 's important to be honest with the carrier so you do n't run the risk of losing your coverage . Most carriers will require at least a 12 month period from the point of the last use of tobacco before considering non-smoker risk classes .


Input: How Does Life Insurance Test For Smoking?

Output: Cotinine is a metabolite of nicotine that is found in blood and urine of tobacco users . Life Insurance companies test for smoking by checking for the presence of cotinine in blood and urine samples taken at the paramed exam . They will back up these tests with questions on the application , phone interview -LRB- if one is conducted -RRB- and medical records -LRB- if an APS is ordered -RRB- .


Input: How Does Life Insurance Test For Smoking?

Output: When purchasing an underwrittenlife insurance policy , the underwriters will order a paramed exam . A paramed or nurse will come to you take the health history part of the application . They usually will require a urine sample and blood sample along with height/weight , blood pressure , etc. . The urine is tested for nicotine . A person should be away from smoking , dipping , patches gumor chewing tobacco for an extended period of time to avoid a smokers rating on their life insurance .


Input: How Much Will I Get If I Cash In My Life Insurance?

Output: If you own Term life insurance , there will be no cash to cash in . However , if you own Return of Premium -LRB- ROP -RRB- Term , and have held onto the policy long enough , you will be able to get back part or all of the premium you paid in . If you cash in Whole Life or Universal Life , the amount you get back is stated in a current policy illustration . That amount is called the surrender value . You can order a current illustration from your life insurance company or agent .


Input: How Much Will I Get If I Cash In My Life Insurance?

Output: Life Insurance can be `` cashed '' in providing there is a cash value available . In your policy there is a surrender value which is what you will receive . If you have taken a loan thwn this will be paid back first . Any monies over the premium you have paid in may cause a taxable event to be paid the tax year the policy is surrendered .


Input: Is There Life Insurance For People With HIV?

Output: The only type of life insurance available to people with HIV at this point in time is guaranteed issue life insurance . This type of coverage is graded , only provides small face amounts -LRB- usually under $ 25,000 -RRB- and usually has a minimum age requirement of 45 years . Hopefully this is one of those health conditions that life insurance will look at more leniently in the future as HIV treatments continue to improve .


Input: Is There Life Insurance For People With HIV?

Output: It is very , very difficult to get coverage when you answer `` yes '' to the health questions on an insurance application on HIV . If you can find a guaranteed issue plan that doesnt ask the question , you can find coverage . Some of the guaranteed issue plans also ask so you would have to shop around . Dont expect high coverage , expect to pay higher premiums and it will probably be graded for the first 2 years -LRB- if you die your beneficiary would get their paid premiums returned as a death benefit -RRB- . Contact an Insurance professional for more details and a quote


Input: Is There Life Insurance For People With HIV?

Output: There is a membership plan available that offers up to $ 100,000 for very minimal money . The only requirements are you must work at least 30 hours per week , live in the USA , and keep paying the membership dues . It is underwritten by TransAmerica . Contact me for more information or go to the website


Input: How Do I Get Proof Of Renters Insurance?

Output: If you currently have renters insurance , I would suggest contacting the carrier of the policy or your local agent and request a copy of your policy or a proof of insurance document . Within a couple of weeks at most after signing up for the coverage you should have received your policy documents electronically or in paper form .


Input: What Is PPI Auto Insurance?

Output: PPI is ` Payment Protection Insurance ' . In addition to vehicle purchases , PPI is also purchased in mortgage and some credit situations . It ensures repayment of loans for the policyholder , in the event of illness , death , disability and unemployment . Generally , when the policyholder is unable to earn , for documented reasons like those stated above , the insuring company chosen makes payments to the lender , usually for a specific period of time . Additionally , there is usually a waiting period associated with the coverage , before payments will begin . PPI is often referred to as ` credit insurance ' .


Input: Do Annuities Have Beneficiaries?

Output: That is a great question ! As annuities are an insurance product , there is the ability to structure your annuity to allow the remaining balance to pass to a beneficiary . Depending upon how you structure it , you can have your annuity pay for a certain number of years and run out ; pay until you pass , then continue to pay your spouse ; or pay the remainder to a beneficiary when you and your spouse have passed . That amount can be structured as a lump sum , -LRB- taxes ! -RRB- or a series of payments -LRB- lesser chunk of taxes -RRB- . Ask your agent to walk you through the options , ok ? Thanks for asking !


Input: Do Annuities Have Beneficiaries?

Output: You can name primary beneficiaries for your annuities . You can also name contingent beneficiaries as back ups to your primary beneficiaries . A beneficiary can even be a charitable organization or a trust . The annuity policy owner can also change the beneficiaries at his or her discretion at any time .


Input: Do Annuities Have Beneficiaries?

Output: An annuity is the product of a life insurance company . Naming a beneficiary is an important feature of an annuity . It is a contract and is executed outside of probate . Naming a beneficiary is an important part of the application . Selecting a contingent beneficiary is very important to avoid a situation where the proceeds of the annuity would be paid into the estate and therefore subject to probate .


Input: How Much Does Medicare D Cover?

Output: This is a good question . Medicare part D or prescription drug plans cover certain amounts depending on your specific drugs . My clients normally give me their drugs and ask to find a plan -LRB- part D or C -RRB- that will save them the most money depending on what drugs they have . This is important for your broker / agent to do because they should be able to determine if you will end up in the donut hole -LRB- coverage gap -RRB- where you end up paying more for your meds later in the year .


Input: When Does Life Insurance Payout?

Output: In addition to the helpful information Rich gave , I might add that permanent policies can pay out when the policy matures or endows . That is when the cash value of the policy equals the face amount of the policy . Also , ROP -LRB- return of premium -RRB- policies can pay back all the premiums paid in , usually when a term policy ends .


Input: When Does Life Insurance Payout?

Output: Typically after proof of death with a document verifying that there has been a death with the insured 's identity . Also this must pass the 2 yr contestibility period as well . Any other questions can be directed to the insurance company or your agent of record who can hopefully give you some guidance on what to expect .


Input: When Does Life Insurance Payout?

Output: The typical payout for life insurance is upon death of the insured . There are several other options available in different policies . The first being accelerated death benefit . This can be paid prior to the insureds death when they have been diagnosed with a terminal illness . In some of the more recent policies there are riders that allow partial payments for qualified long term care situations . You can also find out if your policy can be assigned to a viatical company and you can `` sell '' your policy to them for a reduced amount based on the life expectancy of the insured . In any of these situations it is beneficial to speak with your life insurance company to determine exactly what the policy language provides .


Input: When Does Life Insurance Payout?

Output: A very important part of Whole Life Insurance is the ability to take money out of your policy , as a `` loan '' , which you may choose to never pay back , if you need the funds for a child 's college education , a home down payment , your retirement , or even a car ! Gary Lane , Registered Representative , New York Life , 949 797 2424 .


Input: I have been covered under automobile insurance with the same company for years, i'm changing companies and i've already provided the declaration page to my new insurance company but they stated they need proof of coverage faxed to them. What else could I send

Output: They might be looking for evidence of insurance . This is a form provided by your new insurance company . They might be looking for the Insurance ID cards provided with your policy . They might be trying to be difficult , in which case your state insurance commissioner would be someone interested in your plight .


Input: I have been covered under automobile insurance with the same company for years, i'm changing companies and i've already provided the declaration page to my new insurance company but they stated they need proof of coverage faxed to them. What else could I send

Output: In Connecticut , where I have been licensed since 1985 , if an insurance company needs to have proof of prior continuous insurance coverage , the declaration sheet is the preferred and universally accepted document to certify such proof . In fact , most companies co n't accept just an Insurance ID Card because they are not considered to be as strong a document . If by chance you let your old policy lapse so that there is a gap in coverage , that might be the cause of the problem . There is no reason I can think of in my experience why a valid in force declaration sheet would not be acceptable as proof of prior coverage . You could go to the Insurance Commissioner as previously suggested , but it also may be worth reconsidering your move in the first place .


Input: Does Geico Offer Disability Insurance?

Output: No , Geico does not offer Disability Insurance . To obtain a Disability Insurance quote , contact a Life Insurance or Disability Insurance office or website that can shop several companies to find your best quote . Long Term Disability Insurance is offered through a number of companies , and these agencies can help you find the one that has your most affordable option .


Input: How To Get A Life Insurance Policy On Someone Else?

Output: In order to purchase life insurance on another party , there are a few things that must happen first . One is there must be an insurable interest . This means that you must sustain a financial loss of income or debt in order to have an insurable interest . Second , the person must be willing to take out the life insurance policy . You may be the owner and payer but they will be the insured . They must go through underwriting for health , life style , income , etc. .


Input: How To Get A Life Insurance Policy On Someone Else?

Output: To get a life policy on another they must be finacially dependant upon , or have insurable interest . They must be knowledgeable of the policy . Some companies do not allow if not in the immediate family range , however , if you take out the policy you will be the policy owner and them the insured . Why not have them be the policyholder and insured and you the payor of the policy . Makes more sense and is more of a positive notation .


Input: How To Get A Life Insurance Policy On Someone Else?

Output: To get a life insurance policy on someone else , it is a good idea to start out discussing it with them . Get their exact date of birth , height , weight , whether they have used any tobacco in the past three years , and any medications they are taking . Ask about whether they have any health conditions now or in the past . Nothing is more frustrating that being declined for life insurance when it was not your idea to get it in the first place . Involving that person , explaining why you are getting it , discussing who will pay for it , and asking whether they care if they take an exam , are all ways to help the policy be placed smoothly and without hard feelings .


Input: How To Get A Life Insurance Policy On Someone Else?

Output: Getting a policy on someone else is just like getting a policy on yourself with one exception . If this is on an adult , they have to be aware and sign the policy which is being taken out on them . They have to sign off . If this is on a child , there has to be an owner , usually a parent or grand parent .


Input: What Are Some Functions Of Life Insurance?

Output: The main function of Life Insurance is to protect your family and loved ones in case of your death . If you were to die , any debts that you owe , as well as the costs associated with your funeral , could be passed to your family and loved ones . Life Insurance may not keep some of these debts from passing to them , but it would certainlylessen the amount owed . Life Insurance can also be used as a savings and investment vehicle . Certain life insurance policies are tied to investment accounts and market indexes , which allows the policy to grow . These policies still have a face value , but they also will build a cash value . This cash value can be used as a loan from the policy , or they can simply be used to increase the amount of payout at the time of payment .


Input: What Are Some Functions Of Life Insurance?

Output: While the payoff of debts is one of the most common purposes people buy life insurance to fulfill , two other major areas of need that this line of insurance is used to help with is income replacement -LRB- to maintain the lifestyle your family members have become accustomed to -RRB- as well as estate planning .


Input: What Are Some Functions Of Life Insurance?

Output: Life Insurance is a financial vehicles with many different uses . Some of the more common uses -LRB- functions -RRB- of life insurance are : Death Benefit to protect a loved one College Funding vehicle Buy-Sell Agreement for business owners Executive Bonus plans to compensate key employees or business owners Vehicle to create tax-free income in retirement Income replacement Charitable Giving Mortgage Protection Final Expense These are some of the highlights , but life insurance offers a combination of features and benefits that are not available in any other financial vehicle .


Input: What Are Some Functions Of Life Insurance?

Output: Life insurance has different kinds of functions depending upon what type of policy you have . One of the most important functions in Life insurance is to protect your family and loved ones in the event of premature death . Something that is just as important as premature death is Living Benefits that protect your family and loved ones in the event you need benefits while you are still alive ! There are many needs for Life Insurance coverage but , that would be best determined by ones own needs and personal situations . Every families situation is not the same it needs to be personalized .