Input: What Is American Life Insurance?

Output: There are many life insurance companies that have the word , `` American '' in their title . Are you certain that the entire name of the company is American Life Insurance ? If you are asking about American Life Insurance in general , it would be life insurance that provides coverage to persons in the United States .


Input: Does Homeowners Insurance Cover Mouse Damage?

Output: Your homeowners policy contains exclusions . One of the common exclusions for property damage is damage caused by birds , vermin , rodents , insects or domestic animals . However , if the damage is hidden and causes a collapse of all or part of a building , the company will normally pay .


Input: Does Life Insurance Test Urine?

Output: Each life insurance company has death benefit amount thresholds that require urine analysis testing . A urine analysis is a biological chemistry expose of your bodys elimination or lack thereof . A urine test checks for waste products from the kidneys , nicotine use , drug use , glucose and nitrate levels as well as specific gravity and protein amounts .


Input: Does Life Insurance Test Urine?

Output: An application for life insurance usually requires medical information . If the policy will exceed specified limits additional information is necessary . A urine specimen is normally required if the amount being applied for exceeds that limit . There are other techniques being used today such as mouth swabs and prescription evaluations and these have reduced the number of applicants who must give a urine specimen .


Input: Does Life Insurance Test Urine?

Output: Yes . If you buy a fully underwritten policy they will take a urine sample as part of the underwriting process . The paramed exam will also include taking a blood sample , checking blood pressure , saliva testing , height and weight measurements , etc. . There are companies that specialize with non-med insurance . Assurity and Americo come to mind .


Input: Is It Worth Getting Medicare Part B?

Output: Most people seem to think the only reason for having health insurance -LRB- including Medicare -RRB- is to cover your hospital bills . The truth of the matter is , over your lifetime you will incur significantly more medical bills as an outpatient than inpatient . When carriers review large claims , those over $ 50,000 , over half the charges occur as an OUTPATIENT . The small premium you pay for Part B is definitely worth it .


Input: Is A 401K A Retirement Plan?

Output: A 401 -LRB- k -RRB- is a qualified defined contribution plan under ERISA , The Employment Retirement Income Act of 1974 . It allows for contributions pretax and some employers offer contribution matches . The accounts accumulates tax deferred and are taxed as ordinary income at distributions . Those distributions are included in the provisional income test for Social Security taxation .


Input: Can You Cancel Car Insurance At Any Time?

Output: Yes , but there may be consequences . Some carriers prorate , others short-rate -LRB- meaning there is a penalty -RRB- and I imagine there are some that do n't refund at all . In addition , if you have a lienholder , your finance contract might have an insurance provision that requires you to purchase coverage for the vehicle OR they can `` force place '' coverage . This means that if you do n't buy the coverage stated in the contract , they will purchase the coverage and charge you for it .


Input: Can You Cancel Car Insurance At Any Time?

Output: Yes . You can cancel your car insurance at any time . The question that you may want to know before cancelling is whether your insurance company pro-rates or short-rates your cancellation . A pro-rated cancellation is more favorable for you since you are charged only for the days that have been used . In Illinois , the insurance companies by law have to pro-rate an auto cancellation .


Input: Who Doesn't Need Life Insurance?

Output: Literally everyone . Some who have no family , no friends , no interest in religious groups or political causes , and even no animals , may say they do not . But only in those rare circumstances where the person truly has no one and nothing that interests them , might they claim no need for live insurance . If you have someone or something you love or believe in , you need life insurance to help those people or causes . Thank you . Gary Lane 714 422 9616


Input: Who Doesn't Need Life Insurance?

Output: Some people feel that they do not need life insurance because they have saved or invested enough money that their dependents could get along OK without it . If you ask their dependents , you may get another story . The reason I feel that those people might be mistaken is because savings and investments can be depleted before death occurs . Medical bills , rehab , disability , legal costs ... there are many costs involved with getting sick , and possibly no time or method to recoup those funds before death occurs . Term life insurance is not able to be accessed until death , so is safe from being depleted ahead of time . If handled correctly , permanent policies can provide cash value while still retaining a death benefit that will be paid to beneficiaries after the insured person dies . That is one of the main reasons I feel that even people who are financially self sufficient can find life insurance to be important .


Input: Who Doesn't Need Life Insurance?

Output: There really is n't any type of person that does n't need life insurance . In reality , just about everyone is going to need life insurance at some point in their lives . When you 're a child , many parents look into buying a small whole life policy with future increase option riders -LRB- periodic allowance to increase the face amount of the policy in their adult years - generally this can be done 8 times beginning at age 25 -RRB- as there is no medical exam , given their age . When you 're an adult , you 'll likely have a mortgage for a house , loans for cars , credit card debt , medical bills , burial expenses , etc. , that you would like to have paid off in the event of your death so your family does n't suffer financially due to the lost income . Another common use is income replacement so your family can maintain their current lifestyle rather than having to make dramatic changes . Many people may buy a life insurance policy for estate planning purposes . In short , regardless of where you are in life , you will almost always have a need for coverage .


Input: Who Doesn't Need Life Insurance?

Output: That is a great question ! There is a school of thought out there , -LRB- Dave Ramsey for example -RRB- that believes that you do not need life insurance . They are right , if you can do the following things : - have sufficient funds available that your spouse or children can live comfortably without your income - that your final expenses are not a financial burden to your spouse or children - that your estate taxes are not going to be a financial burden to your spouse or children - that you have no desire to leave a tax free legacy for heirs or charity . If you can do those things , you really do n't have a need for life insurance , according to thatschool of thought . I personally believe that everyone should have a policy . I hope that helps . Thanks for asking !


Input: What Is The Definition Of Universal Life Insurance?

Output: Universal life insurance is a type of permanent life insurance program that features a flexible premium structure.It 's , in short , a blend between term life insurance and whole life insurance . A universal life policy will guarantee the maximum death benefit for the lowest possible premium -LRB- making itmuch less expensive than a whole life policy with the same death benefit -RRB- . Like with whole life insurance , universal life will build cash value , although it will generally not accumulate as much cash value over the life of the policy as a comparable whole life policy it is essentially term insurance to age 121 , with the emphasis on a larger death benefit instead of greater cash value . It 's ideal foranyone who wants to maximize the death benefit and is n't worried about building cash value -LRB- the carrier takes back the cash value and pays out the death benefit when the insured dies and a claim is made on the policy -RRB- . You can guarantee benefits for up to age 121 -LRB- with most companies -RRB- - these policies can be structured to dial down the death benefit to a specific age as well -LRB- e.g. to age 90 , 95 , 100 , 105 , etc. -RRB- . I hope the information is helpful - please feel free to contact me for assistance and if you have any other questions . Thanks very much .


Input: What Is The Definition Of Universal Life Insurance?

Output: A type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element -LRB- like whole life insurance -RRB- which is invested to provide a cash value buildup . The death benefit , savings element and premiums can be reviewed and altered as a policyholder 's circumstances change . In addition , unlike whole life insurance , universal life insurance allows the policyholder to use the interest from his or her accumulated savings to help pay premiums .


Input: What Is The Definition Of Universal Life Insurance?

Output: Universal Life insurance is an adjustable life insurance policy that has features of both Term and Permanent Insurance . The Term life insurance part provides pure insurance protection and a guaranteed death benefit for the length of time chose . The Permanent part provides cash value that can be used for loans , pay premiums , or increase the death benefit .


Input: What Is The Definition Of Universal Life Insurance?

Output: Universal life insurance is a permanent morality product that can be used for protection and income . It has a flexible feature that allows the policy owner to modify premium and/or level/increasing death benefit amounts . It generally has two sets of rates in the policy : current company practice and contractual guarantees .


Input: How Does Medicare Assignment Work?

Output: Medicare assignment in many ways works just like traditional health insurance assignment.When you visit a doctor or use medical services you are assigning your reimbursement rights to the provider . Medicare providers that accept assignment are paid by Medicare . When a provider does not allow assignment Medicare pays direct to you for services rendered .


Input: Can Homeowners Insurance Deny My Claim?

Output: If your claim does not fall under the perils of your policy coverage 's then yes your homeowners insurance carrier can deny the claim . Many denied claims fall in the realm of wear and tear or in other words something that has been occurring over a long period of time . This would not fall under sudden and accidental .


Input: Is Voluntary Long Term Disability Insurance Worth It?

Output: Voluntary Long Term Disability Insurance can be a great thing depending upon your situation . If you were unable to work , starting today , for the next two years , what effect would that have on your life ? Would you be able to come up with enough funds to pay your current bills ? What about medical bills for the condition keeping you out of work ? Next consider the effect compared to the price of the insurance that is being offered to you . If you ca n't afford the premiums or feel the benefit you may receive from them does n't outweigh the money spent towards it , then , no , it 's not worth it . Otherwise , yes , you should consider picking up the insurance . A licensed agent can help you determine the value in your specific case .


Input: Is Voluntary Long Term Disability Insurance Worth It?

Output: Whether Voluntary Long Term Disability Insurance is worth it to you depends on whether you can survive at least 5 months without your salary , or would be willing to work at a job you can do vs a job you were trained for . Both of these must occur before being able to get Social Security Disability . Voluntary Long Term Disability Insurance can pay approximately 60 % of your salary while recovering from a long illness of slow healing injury until you can get your old type of job back . That is worth it , to most people .


Input: Will Renters Insurance Cover A Stolen Bicycle?

Output: It may . Renters insurance typically includes coverage for personal property not directly on premise . This coverage is typically up to ten percent of the policy value and may be subject to the policy deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Does Health Insurance Cover Stepchildren?

Output: You can have your stepchildren under your health insurance plan in addition to your biological children and persons you are a legal guardian of . Please note , some plans may state that there has to be a legal relationship between stepparent and stepchild , meaning the stepparent has to be married to the child 's biological parent.It 's important to verify with the carrier whether that is a requirement if the stepparent is not married to the child 's biological parent . 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: Does Aetna Cover Flu Shots?

Output: It depends on what specific policy you have . While many carriers ' policies cover flu shots , not every policy under a carrier does . You will need to verify with the carrier or your policy 's agent to see if it covers the flu shot at 100 % , partial coverage , or not at all . I hope the information is helpful - please feel free to contact me for assistance with any other questions . Thanks very much .


Input: Does Car Insurance Affect Your Credit Score?

Output: generally speaking the answer is no . Insurers use credit information in-bedded in insurance scores . But it does not flow backwards as your question asks , There are two types of scores in most transactions involving credit . There are instances where the requester has to advise you that you are , are for example seeking a loan or credit card . Those are considered `` hard '' hits to your credit . By seeking that type of loan you are in fact telegraphing to others I need the money . Insurance scores typically are `` soft '' hits , that is to say they look at information but do not impact the result . i have run a couple insurers and worked for several others and I have never seen an issue with this being a hard hit


Input: Does Car Insurance Affect Your Credit Score?

Output: Your auto insurance should not affect your credit score unless of course you do not pay your premiums on time . An insurance company could turn you over to a collections company to attempt to retrieve owed premium . Every state has it 's own regulations and every company it own standard for this sort of thing . To know for certain contact your local agent .


Input: What Is Key Man Disability Insurance?

Output: Key Man DI -LRB- also known as Key Person DI -RRB- is a coverage that would pay benefits to a business to cover the financial loss if a vital employee became disabled due to an illness or injury . Any business that would find it hard to replace an employee , or any business that wouldnt be able to function without a specific employee , needs Key Man DI . And if a company had more than one key person whose absence would bring the business to a halt , then DI can be purchased for more than one Key Man . ''


Input: Can Life Insurance Be Used As Collateral For A Loan?

Output: My colleagues have handled this pretty well actually . As has been said , there are a couple of factors and ways that Life Insurance may be used as collateral for a loan . The most common requiers the policy to be some form of permanent Life Insurance with a reportable cash value . These types of policies are certainly considered when a commercial banking institution is measuring one 's net worth and underwriting a loan application just as bank accounts or other investment holdings . However , if the loan is for business purposes , for example , if a contractor is purchasing a major piece of equipment , a condition of the loan may be the purchase of even a short term Life policy which would then be collaterally assigned to the lending institution .


Input: Can Life Insurance Be Used As Collateral For A Loan?

Output: Life insurance is required as collateral at the lenders request . The SBA does not require life insurance on every loan so check with your lender to determine what the requirements are . The SBA website has a loan checklist you can download . If your lender does require life insurance , you can use an existing policy assuming it meets the collateral requirements laid out by the lender or you can purchase a new policy for the exact amount of coverage required by the lender . The best idea is to check with the lender to see whats required .


Input: Can Life Insurance Be Used As Collateral For A Loan?

Output: There are a lot of factors to answer this question . First only cash value life insurance would be considered collateral . These are whole life , universal life , variable life and indexed universal life policies . Next the loan institution would have to approve it . Not all banks will consider life insurance as collateral . Contact the loan institution first and if they consider cash value life insurance as collateral then contact your life insurance company for an updated illustration for the exact cash value amount .


Input: Can Life Insurance Be Used As Collateral For A Loan?

Output: We get a lot of customers looking for short Term Life Insurance policies as collateral for loans , as required by the Small Business Administration . By assigning the life insurance policy to the SBA , the Small Business Administration is assured that they will get their money back if the borrower meets with an untimely death . Because the term is short , the cost is very reasonable . This type of request is usually on a rush basis , so we generally use a No Exam policy that has low cost choices . Please feel free to contact us any time for life insurance as collateral for your loan .


Input: Can Life Insurance Be Used As Collateral For A Loan?

Output: Yes - this is a fairly common question . When a person needs a business loan from a bank , the bank will usually require life insurance as collateral in case you died before paying off the loan . This is because the bank wants to get repaid for the loan . The structure of the policy will be the same as a regular life insurance policy including the beneficiary designation , so as the loan gets paid off , the difference would be paid to the beneficiary . You merely need to add a collateral assignment form when you submit your application for coverage . I hope the information is helpful - please feel free to contact me for help getting the insurance in force and if you have any other questions . Thanks very much .


Input: What Is Metlife Long Term Care Insurance?

Output: MetLife Long Term Care Insurance would be a policy that was sold by MetLife prior to 2010 . Since then , MetLife no longer offers the purchase of new long term care insurance policies through their company . The `` old '' MetLife long term care insurance could be a group policy or an individual long term care policy .


Input: Does My Employer Have To Offer Health Insurance In Nevada?

Output: Currently in Nevada it is not required for an employer to offer health insurance to its employees . If you are looking at getting health insurance because your employer does not offer it at this time you can visit this site WEBSITELINK to get quotes for health insurance companies here in Nevada .


Input: Does Health Insurance Cover Artificial Insemination?

Output: The Affordable Care Act does not specifically address , nor does it require , artificial insemination . Therefore , you 'll have to check policy-by-policy to see if a carrier will cover artificial insemination in your state . Best bet is to work with an agent as he/she may know the answer offhand , or will certainly be able to get an answer quickly and come back to you with available choices .


Input: Does Health Insurance Cover Artificial Insemination?

Output: There are twelve states have insurance mandates that either require that health insurance companies cover infertility treatments , or require that the insurer offer at least one plan that covers infertility . Most of these mandates apply to group policies , rather than those issued to individuals . Since the mandate applies to group plans , the first avenue to look at is the employer plans for both spouses . Group plans must comply with the insurance laws in the state where the policy was issued - most frequently that is the headquarters state of the employer . The states with mandates just happen to be those with the largest number of large national employers -LRB- California , Connecticut , Illinois , Massachusetts , New Jersey , New York -RRB- . If one or both employers is headquartered in one of those states , your odds are better .


Input: How Much Disability Insurance Can I Have?

Output: Disability insurance companies are careful not to over-insure , as policy holders with too much coverage lack an incentive to return to work . Most policies will limit the amount of income replacement to two thirds of your gross income . They will also ask if you have any other form of coverage , and will want to limit the combination to less than 70 % . Many policies will also offset any benefit payments you might receive from state short term disability , and social security disability .


Input: What Illnesses Are Covered By Critical Illness Insurance?

Output: It depends on the policy , but here are a few of the more common ones . Heart attack , stroke , cancer -LRB- internal and some skin cancers -RRB- , ALS , MS , kidney failure , Parkinson 's , blindness . Each policy is different both in terms of what is covered and the definition . Always buy a health insurance policy not a life policy with a rider .


Input: What Illnesses Are Covered By Critical Illness Insurance?

Output: Critical insurance policies each have their own set of criteria , so you must review the policy features to know what illnesses your critical illness insurance policy will cover . Some that can be included are : 1 -RRB- Cancer -LRB- it may require a certain stage to be covered -RRB- 2 -RRB- Stroke 3 -RRB- Heart Attack 4 -RRB- Coronary Bypass 5 -RRB- Deafness 6 -RRB- Blindness 7 -RRB- Multiple Sclerosis 8 -RRB- Organ Transplant 9 -RRB- Kidney Failure 10 -RRB- Heart Valve Replacement 11 -RRB- Alzheimer 's Disease 12 -RRB- Paralysis


Input: Is It Against The Law To Not Have Health Insurance?

Output: No . You can continue to not have health insurance , however , if you elect this option , you will have to pay a penalty -LRB- a `` shared responsibility payment '' is how they titled it I believe -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 . Its important to note that the penalty 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 . To avoid paying the penalty , you would need to have health insurance that qualifies as minimum essential coverage . 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: Is Whole Life Insurance The Same As Universal?

Output: Think of it as apples and fruit . Universal is a type ofpermanent life insurance . But there are other types of permanent life insurance . Whole life is another type of permanent life insurance . Whole life is a fixed product , whose premium never varies , and whose value increases over time , based on the carrier 's investments in your fixed account . Universal is permanent , and will never end , so long as you continue to pay , unlike term whose premiums will increase after the end of a fixed term . However , with universal , the policy value may go up or may go down , based on whatever it is pegged to reflect . It is possible with universal that you may have to put more money in that expected , if the market were to take a serious hit . This would not happen with whole life . A way to avoid this is to buy indexed universal life . It allows the policy to grow with the market , but at a somewhat lower rate , but it prevents the policy to lose money when the market goes down , as it locks in the balance annually . Over time , this actually can give you a better return than a standard universal , even in an overall good market , not just a bad one . Talk to your agent . Thank you . GARY LANE .


Input: Where Can I Purchase Renters Insurance?

Output: You should be able to purchase renters insurance from any carrier that provides homeowners insurance . Most of your major carriers will provide policies for auto , home , and business along with other lines possibly . Contact a local agent to find out the products that they have to offer . A local agent can help point out the coverage that they believe you need based on the information that you provide to them .


Input: Where Can I Purchase Renters Insurance?

Output: For all your insurance needs , a trusted agent is your best source . The agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . The agent will help you select appropriate limits of coverage . It is terrible when a person has a claim and then discovers that the limits of her policy are insufficient to take care of the need .


Input: What Is Non Qualified Retirement Plan?

Output: Non-Qualified Retirement Plans are generally funded with annuities and/or life insurance . The contributions are not tax deductible , but both products accumulate tax deferred . If designed as a TAMRA compliant non modified endowment contract , life insurance can potentially generate tax free income as long as the policy is kept in force for the life of the insured .


Input: Does The VA Accept Medicare?

Output: The VA -LRB- Veterans Administration -RRB- requires that you receive care at their facilities and with their providers in order to receive VA benefits . Thus , the VA does not accept Medicare , as Medicare only works with Medicare approved facilities and providers . Many veterans use Medicare for their major medical expenses but use VA benefits to fill in the gaps . However , the VA drug plan covers more than Medicare Part D covers .


Input: How Do You Shop For Life Insurance Online?

Output: That 's a great question ! You google `` local independent insurance agents '' . Then work your way down the list until you find one you like . I am not a fan of trusting my financial future or the protection of my family to anyone that I do n't know . If I have a problem , I want to know the person that will handle it , and who will be returning my call . I also know that internet sites are set up to give you `` best case '' prices when you shop , that can turn out to be different in reality . A live agent can give you an exact premium price , and details on any reasons why there might be difficulties in getting the best rate . I also am leery of hackers getting all of my information , and am not a fan of putting it out there in the cloud for the picking . There are a lot of things that are good to buy on the internet , but in my opinion , life insurance is n't one of them . Thanks for asking !


Input: How Do You Shop For Life Insurance Online?

Output: To shop for life insurance online , look for the following : 1 -RRB- Are they rated with the Better Business Bureau and/or do they have any seals showing that they meet standards for safety -LRB- e.g. TRUSTe -RRB- . 2 -RRB- Do they have good testimonials that sound like they were written by actual people ? 3 -RRB- Can you look up the names of the employees who work there and see their photos and/or read their biographies ? 4 -RRB- Important : Will you be talking to a licensed agent ? 5 -RRB- Do they sell multiple products for you to choose from ? 6 -RRB- Do they ask health questions and appear to understand what you are talking about ? 7 -RRB- Are they able to draw on experience in finding your best options ? 8 -RRB- Will they take the time to answer your questions in a pleasant and respectful manner ? 9 -RRB- Do they explain the process of applying , payment methods , policy features , etc ? 10 -RRB- Will they be there for you if you need help with your policy in the future ? Many online agents are simply independent agents who have an online presence . They want to keep up with shoppers who prefer to use technology , rather than travel to an insurance office , or invite an insurance agent to their table for the evening . Just looking at their bios and reading their answers , I 'd go to any of the top 20 agents on the leaderboard , and maybe all of them . Most are articulate agents who know their stuff . This website is a great place to start in shopping for life insurance online .


Input: What Does A Salvage And Recovery Clause Mean?

Output: Salvage and recovery relates to subrogation and rights of recovery that an insurance company reserves for themselves after indemnifying you for a loss . The entire concept of salvage , recovery , subrogation , and indemnification fill up text books . Insurance is a contract and in the contract the insurance company has been asked by you , in exchange for mutual understandings and agreements , to provide protection against certain kinds of losses . When your insurance company indemnifies you for your loss , they replace you in position of right in many situations . For example , if your car were damaged beyond repair , the carrier pays to you the value of the car and in doing so , assumes right and title to the salvage value of your car . They sell this salvage to businesses that resell the usable parts and the insurance company uses the money they collect to lower the final dollar cost of paying your loss to you . Recovery usually relates to the right of the carrier to pursue `` recovery '' from the responsible , negligent party who damaged your car . This process is referred to as subrogating and the carrier seeks to recovery from the at-fault and negligent driver -LRB- under tort laws -RRB- all or a portion of the amounts they paid to make you whole after your loss . Another closely related provision in your insurance is the right of `` abandonment '' . Insurance companies do not grant you the right to abandon your property so you can collect a larger reimbursement . This may come up during the settlement of pairs and sets , like ear rings . The insurance company will not let you surrender -LRB- abandon -RRB- to them the other ear ring so you can make the insurance carrier liable for a larger amount so you can buy a new set of ear rings . The obligation of the carrier is to the amount of the the loss even if only a partial loss . That 's why your company will repair a car rather than pay you the full value when there is a partial loss . There are other places where salvage comes up , like in inland and ocean marine , but for the vast bulk of readers the latter answers explain how these terms impact your coverage and how your insurance company will deal with you .


Input: What Does A Salvage And Recovery Clause Mean?

Output: When the insured receives payment of an adjusted claim , the property that is damaged becomes the property of the insurance company . Often that damaged property is of little value . However , particularly in the case of an automobile , the car may be salvaged and the insurance company may realize part or all of the adjusted claim payment . The term comes primarily from ocean marine insurance . Often a ship will have a fire in the hold . An adjuster will fly out to the ship while it is underway , evaluate the loss and the insurance company may adjust the claim before the ship even reaches port . That portion of the property that has been declared as loss becomes the property of the insurance company . There are companies that specialize in salvaged property . This is most commonly seen in the cases of ships but could apply to other forms of recovery . While I am not sure of the legal interpretation , this clause might extend to the insurance company the right to claim any gain that an insured might have on property that was declared as a total loss , and then sold to a salvage company .


Input: Why Are Insurance Companies Dropping Long Term Care Insurance?

Output: Insurance Carriers have experienced higher claims and losses , due to increased longevity , chronic illness survival rates and cost of care . As a result , 12 of the top 20 carriers have dropped out of the market in the past 4-5 years . In addition , all carriers have had huge rate increases and/or offered clients a cash buy-out option to cancel older policies . Newer policies have been re-designed and re-priced to account for increased LTC expenses . In most cases , I recommend Living Benefit Life that will accelerate up to 100 % of the face value -LRB- depending upon severity of illness -RRB- , in case of : Critical Illness -LRB- Cancer , Heart Attack , Stroke , Major Organ Transplant , etc. -RRB- ; Chronic Illness ; Disability ; Terminal Illness ; or Death . This allows the client to have one policy with guaranteed level premiums that can provide access to funds while they are alive or in case of death .


Input: Why Are Insurance Companies Dropping Long Term Care Insurance?

Output: That is an excellent question ! What happened was that when these policies were first rolled out , the costs of long term care and the average lifespan were still reasonable for insurers to issue coverage for . As time passed , however , the skyrocketing costs of long term care , coupled with longer lifespans created a situation where the insurers were more and more often taking losses on the policies . So they either retooled them , pushing the enrollment age up , lowering benefits , and raising the premiums , or they dropped the policies altogether . There are still some companies out there that offer them , but with the change in the law in 2010 , more people are using their annuity payouts or 401k payouts to cover those long term care costs tax free . I hope that helps , thanks for asking !


Input: Will Annuity Rates Improve?

Output: Annuity Rates will most likely improve over the next 5 years , however , there is no guarantee . Annuity Rates are heavily dependent on the 10 year Treasury along with the Fed Funds Rate . Currently , these are both at historical lows . Annuity Rates are currently at a historical low along with them . Most economists agree that the 10y Treasury & Fed Rates will increase over the next 2-10 years . If this happens , Annuity Rates will increase along with them .


Input: What Is The Average Cost Of A Whole Life Insurance Policy?

Output: Whole Life Insurance is going to take into consideration all the same factors as a term or Universal Life policy ! Whole life is going to be more expensive than term because of the factors of building cash value in the policy . I believe your best option is to contact an experienced agent to review your needs to assess what would be the best amount and product to go with . Keep in mind one of the most important things to consider is your policy having Living Benefits within the policy you choose !


Input: What Is The Average Cost Of A Whole Life Insurance Policy?

Output: The is no average cost that would be meaningful . That said , whole life insurance is generally more expensive because there is a cash value component of the policy unlike term coverage or certain universal life policies that generally have little or no cash value . Whole Life has certain benefits in certain situations , but it more complex than a discussion here allows .


Input: What Is The Average Cost Of A Whole Life Insurance Policy?

Output: A whole life policy is no different than any other type of life insurance policy when it comes to premiums or price . There are a lot of factors involved when underwriting whole life insurance such as build , lifestyle , occupation , health concerns , age , place of residence , etc. . Then you must consider the premium differences in life insurance companies . I have seen premiums vary on the same individual with different companies that one will charge double another company . I highly recommend using an experienced life insurance broker to shop out different carriers for the best price for your unique situation .


Input: What Is An Annual Premium For Car Insurance?

Output: An annual premium is the yearly amount the car insurance company charges you to insure you for whatever coverage you have requested through them directly or your local insurance agent . If possible , it is best to pay the amount in one pay as most of the time there is a full pay discount .


Input: When To File A Claim With Homeowners Insurance?

Output: Whenever you experience a loss , it is best to the claim as quickly as you can . This will allow the claim to get settled as quickly as possible and allow you to get repairs done sooner . If you wait to file a claim , the processing of the claim may take longer as the adjuster will need to verify everything for the claim and some things may have changed with the items involved in the incident .


Input: Does Every State Require Car Insurance?

Output: The easy answer is , as of my last update , NO . But , that is not the end of the answer . While insurance may not be required , financial responsibility is required in every state . Virginia allows you to pay an `` uninsured motor vehicle fee '' and Mississippi allows you to post a bond or cash to meet the financial responsibility requirements there . Florida is also unique because of their no-fault law but that does not relieve you of the obligation to maintain financial responsibility under some circumstances .


Input: What Do I Need To Purchase Auto Insurance?

Output: To purchase auto insurance , you should have a valid driver 's license , a car that you own , proof of identification , and and a small amount of money to make the first payment if you want the policy to be effective the same day . But just as importantly , you need an experienced broker -LRB- there are many of us along with our websites -RRB- to help you shop , compare and understand your policy . And of course ... get the lowest rates .


Input: Why Is Dental Care Not Covered By Medicare?

Output: This is a great question , routine dental care is just not something that original Medicare covers right now , however you can recieve dental care from a medicare approved part C plan also known as Medicare Advantage plans as well as you may be able to enroll in a stand alone dental plan . You are welcome to contact our office for help if you are in one of the states that we are licensed in .


Input: Does Disability Insurance Pay For Maternity Leave?

Output: Groups short term disability insurance , or `` sick leave '' does usually pay for maternity leave . You need to obtain the coverage at least a year before becoming pregnant in order for the group policy to cover your time off before and after having your baby . Private Disability Insurance does not pay for maternity leave unless there are complications with the pregnancy or childbirth , upon which the long term disability coverage would kick in after the policy 's elimination period is met .


Input: Will Medicare Pay For A Psychologist?

Output: Outpatient Mental Health Care is a covered benefit under Medicare Part B . There is a 20 % co-insurance for most outpatient mental health services . If you are a member of a Medicare Advantage Plan , you plan may cover that service with a simple co-pay . You have the option to have a individual therapy visit or group therapy visit .


Input: How Many Companies Will Drop Health Insurance?

Output: It 's hard to predict how many companies will drop health insurance . However , the number could be significant , although not likely staggering . If they drop coverage for their employees , many companies will have to pay a fine , due to Obamacare . However , they may become much more competitive in the marketplace which will help their productivity .


Input: How Many Companies Will Drop Health Insurance?

Output: No one knows with certainty but there is considerable speculation that most employers with fewer than 50 full time employees will not offer health insurance . There is no reason to since there are no penalties and the cost is usually prohibitive , especially for small companies . Some very large companies have indicated they will drop insurance but so far it is just saber rattling .


Input: Can You Rent A Car With SR22 Insurance?

Output: When you have an SR-22 bond , it is because you probably had a major driving violation , or something similar . Since you may be considered a high-risk driver , it may be difficult to rent a vehicle , considering your insurance is basic . You should contact a number of rental agencies and see which ones can cover you .


Input: Does Life Insurance Drug Test?

Output: Fully underwritten life insurance generally requires a para-med that include blood and urine testing . The analysis collects several data points and assessing the ranges : below normal , normal and above normal . During the discovery process nicotine and other drugs in the system can be detected . Those results are forwarded on to the insurance company for an underwriting decision .


Input: Does Life Insurance Drug Test?

Output: If you are buying a life insurance policy that requires medical underwriting , it will test for certain illegal drugs , especially cocaine and marijuana . If you are purchasing a policy that not require an exam , no drug tests will be done . However , then the application will ask if you have taken illegal drugs withing a certain period of time .


Input: Who Has Good Renters Insurance?

Output: Many good agents use many good companies to write renters insurance . The very best policy is the one that is in force and pays the expected amount when you have a loss . Regardless of the company name , the price or what kind of animal they advertise with on Television that is the best one , the one you own so find an agent and get covered !!


Input: Who Has Good Renters Insurance?

Output: That is a great question ! There are a whole lot of companies out there that have good renters policies available . Depending upon what your definition of best is , cheapest , best coverage for the buck , easiest to qualify for , etc. , it 's pretty hard to name one in particular for you . I 'd recommend that you ask your complex managers , they can give you a good start based on who they 've had good experiences , or look for an independent agent that can help you find the right policy for you . Thanks for asking !


Input: Who Has Good Renters Insurance?

Output: When it comes to renters insurance most companies are pretty equal as it relates to coverages . You can shop with an independent agent for various pricing . I would suggest you work with the company who has your auto insurance or look to shop a package as this will get you the maximum discounts .


Input: Is Carpenter Ant Damage Covered By Homeowners Insurance?

Output: A standard homeowners policy contains exclusions . One of the normal exclusions is for damage to the building and/or the contents caused by birds , vermin , rodents , insects or domestic animals . Carpenter ants are insects . However , the policy will often pay for collapse of a building or a part of a building caused by hidden insect or vermin damage . This isnt talking about settling , or cracking .


Input: Is Carpenter Ant Damage Covered By Homeowners Insurance?

Output: In the event that the carpenter ant was the culprit that caused water damage to occur -LRB- by means of damagingdishwasher water lines , sprinklers , etc. -RRB- , not otherwise excluded , coverage would be provided for the damage caused as a result of the water . However , not to repair the appliance or system .


Input: Can I Get Health Insurance With A Pre Existing Condition In Texas?

Output: Starting January 1 , 2014 , pre-existing conditions will no longer be an issue . You can begin looking at plans now with an effective date of 1/1/14 . Also , depending on what the condition is you may be able to look at getting a plan now because not all pre-existing conditions are equal . An independent agent should be able to show you plans from several different top rated carriers .


Input: Can You Have Long Term Care Insurance And Medicaid?

Output: Yes , you can have Long Term Care Insurance and Medicaid at the same time . When you have both , Medicaid is the secondary payer and your private Long Term Care policy is the primary payer for your long term care costs . it not common for persons to receive both , but it is possible .


Input: When To Buy Disability Insurance?

Output: The time to buy disability insurance is when you start earning a full time income , if your employer does not provide group disability coverage . If you have enough saved up to survive three months off of work , all you will need to purchase is a long term disability insurance policy .


Input: When To Buy Disability Insurance?

Output: When you secure a full time , you should seriously consider buying long term disability insurance to protect your family members from the loss of income due to a ongoing sickness or recovery from injury . Disability insurance benefits generate a tax free stream of monthly income based on your annual compensation . The benefits begin after you have satisfied the waiting or elimination period .


Input: When To Buy Disability Insurance?

Output: If you are working at least 30 hours per week , you should seriously consider purchasing disability insurance . The average person 's savings would only last them 6 months if they were unable to work . To protect your savings , your family , your assets , etc. , you should protect your paycheck .


Input: Can You Lose Money On Annuities?

Output: Non-qualified deferred annuities use three basic crediting methods for savers or investors to select from based on their product suitability determined by their personal financial profile that includes risk assessment , the effective tax bracket and life expectancy report . Most savers like fixed and some indexed annuities for their safety of principle . Investors with high tax brackets and a risk tolerance for the market may desire the separate sub accounts of variable annuities , which can lose money .


Input: What Is Medicare PQRI Program?

Output: The Medicare PQRI -LRB- Physician Quality Reporting Initiative -RRB- is now called the Medicare PQRS -LRB- Physician Quality Reporting System -RRB- . It is an incentive program that encourages eligible professionals to report data on quality measures for services provided to Medicare Part B Fee-for-Service -LRB- FFS -RRB- beneficiaries . The incentive is a percentage of the Part B charges .


Input: Does Travelers Auto Insurance Cover Rental Cars?

Output: Coverage can vary by State . In Texas , a standard private passenger auto insurance policy will cover you in a rental car as a tempory substitute - and damage to the rental unit actually comes under the Property Damage coverage for contractual liability . Although it IS covered , I STILL buy the physical damage waiver coverage offered by the rental companies . I do n't want the rental company filling a claim on the vehicle for something I was NOT responsible nor tagging my credit card for a LARGE amount and using up my credit limit . Hope this helps !


Input: Can Medicaid Take Your Life Insurance?

Output: Generally it depends on what situation you are in . ie , If you are in a nursing home because of the expense that is occur on a daily basis they usually have you do a financial intake form where it ask you various questions to determine assistance and because Life insurance is an asset sometimes depending on the state will ask you to cash out insurance policies especially if you are the owner of the policy .


Input: Can Medicaid Take Your Life Insurance?

Output: When you go through a spend down process to apply for Medicaid , they will look at your assets . Term Life Insurance does not have a cash value , so is not considered an asset . Cash value life insurance is allowed to have a certain face amount , and if it is under that , you can keep it . If it is higher than the allowable limit , you may have more choices than just cashing it in and using it for your skilled care expenses -LRB- note : Medicaid does not just take your policy away -RRB- . You can possibly assign the policy to a funeral home for your final expenses . Or you may be able to keep part of the death benefit and use the rest to help pay for nursing home costs under the Long Term Care Benefit Plan . Your social worker should help you find the option that works best for your welfare . If you foresee going on Medicaid in the distant future , you may want to consider transferring ownership of your cash value life insurance to someone else . This must be done years ahead of time , or it will still be called an nonexempt asset .


Input: What Is All Risk Auto Insurance?

Output: That is not a common term . I suspect what you are asking about is comprehensive insurance . This is also known as `` other than collision '' insurance . It provides coverage for physical damage to a vehicle that happens other than ina collision . This includes things like , fire , theft , vandalism , weather and others . It also caninclude `` acts of God '' which are those things which are outside human control , lighting , tornado etc. .


Input: Is Vandalism Covered By Auto Insurance?

Output: Yes if you have what is called other than collision coverage or comprehensive then typically vandalism would be covered by your auto insurance policy up to the policy limits less the policy deductible . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: What Is Renters Insurance Good For?

Output: Having renters insurance can help protect the insured and the insured 's immediate family residing in the covered premise from financial hardship caused by a covered loss . What happens if there is a fire in the premise that you are renting and it becomes unlivable . You have not only lost your personal property but you also need to find another place to live . Typically renters insurance will provide coverage for your personal items up to the policy limits less your deductible and money to pay rent for a period of time at another residence . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Do You Need Home Insurance Before Closing?

Output: If you have a mortgage on the home you are purchasing , you would need to have homeowner 's insurance in place before you close . Typically , an annual premium is required so that you meet the requirements of the lender . A declarations page with the stated coverages on your home will be provided to you by the insurer or broker so you can close .


Input: How Do Variable Annuities Make Money?

Output: The historical returns of variable annuities over long periods of time have shown returns . Of course this is no indication of future performance . Although variable annuities have a general account tied in interest rates , most investors prefer the separate sub accounts that use equity and bond investments . The returns or losses are either credited or debited against the net premiums -LRB- premiums that first pay the policy expenses . -RRB- A variable annuity is a security and an insurance product for investors that have a high effective tax bracket rate and have the risk tolerance for market returns , but the reality of market losses . A variable annuity can be a supplemental retirement income stream that can offer differing distribution options including lifetime annuitization .


Input: What Are Annuities Paying Right Now?

Output: That is a complex question , if you defer payments even just a few years you can get an income rider that will pay out for your entire lifetime . Growth rates depend on whether it is a fixed annuity , or indexed , if it is lifetime payout , there is a table based on the age you begin distributions . Every year you defer income you get a larger % payout . Fixed annuities are paying 1-2 % , deferred indexed annuities can come with income riders of 4-10 % . Once distributions begin the income riders usually go away , but some products allow you to take income , while allowing the remaining funds to continue to grow . These new lifetime withdraws , are not Annuitizing , & allow any funds to be passed on to beneficiaries . Also many annuities now have a rider that doubles , or triples the account value , if you need to go into a nursing home . If your account value reaches zero , & you leave the nursing home . Your lifetime income continue at the same level as prior to going into the nursing home .


Input: Will A Home Insurance Claim Increase My Premium?

Output: Depending on the claim , one claim should not affect your premium . A history of a lot of small claims or a large liability claim may affect your premium depending on the circumstances . Each company looks at things differently so it is hard to give a definitive answer to your question .


Input: How Can I Get Life Insurance Online In New Jersey?

Output: Buying life insurance online in New Jersey simply involves finding an online insurance agency that does business in the state of New Jersey . You can find such resources by searching on line for agencies or agents who do business in New Jersey . You will find several places from which you can purchase life insurance online .


Input: How Can I Get Life Insurance Online In New Jersey?

Output: Find a website that provides instant online life insurance quotes - without having to provide any personal information . If you find favorable rates you may be able to fill out an application with the same online life insurance agency . An agent will follow up to ensure accuracy of the application and help answer any questions . You may need a medical exam , but it does not require much time . Being able to buy life insurance online in New Jersey or any other state has never been easier .


Input: How Can I Get Life Insurance Online In New Jersey?

Output: To get Life Insurance online in New Jersey , go to a website that offers life insurance in your state . You can input your date of birth in an `` instant '' quote engine to see if a quote comes up for New Jersey , look for a site that offers life insurance in all 50 states , or put your zip code where requested . Once you get the quote . the online agency will guide you through the rest of the process . It is different for different types of policies and different companies . But in the end you have a policy just as if you had walked into a life insurance office , and you will not have had to drive anywhere or have someone in your home to purchase it .


Input: What Health Insurance Covers Nuvaring?

Output: Nuvaring , a flexible vaginal ring , is a fairly common contraceptive used by many women in the US . It contains two hormones that work together to help prevent pregnancy . Of course , it is not 100 % reliable , but is generally considered to be safe . Many health insurers cover the Nuvaring without a copay or deductible . And The Affordable Care Act recently expanded coverage on contraceptives .


Input: How Long Is A Child Covered Under Health Insurance?

Output: For most people the answer is that children can be covered under their parent 's health insurance until age 26 . Children must be covered even if they are married , no longer enrolled in school , or not claimed as a dependent on tax returns . The Afffordable Care Act added this requirement . Grandfathered plans are exempt from the requirement . Some states may have additional requirements for dependents . For example , NJ has a requirement to cover dependents up to age 30 with different exclusion rules .


Input: How Long Is A Child Covered Under Health Insurance?

Output: That is a great question ! Thanks to the Affordable Care Act -LRB- Obamacare -RRB- , your children can now be covered until they reach the age of 26 . The extension of the age limit really helped young people who were struggling with getting started and dealing with college expenses by allowing the parents to carry the burden of the insurance.Thanks for asking !


Input: Is Medicare Long Term Care Insurance?

Output: Technically , no . Medicare was designed to help the elderly pay for acute sickness and accidents from whichone can heal relatively quickly . It does not cover chronic illness or prolonged rehabilitation from an accident . However , Medicare will provide payment of costs for some `` short-term '' recovery for the elderly that are enrolled in Medicare part A & B . There are prequalifications and limitations to what it will pay for , how much it will pay , the type of care it will pay for , and for how long -LRB- maximum of 100 days -RRB- . Payment for long-term care is usually paid out of pocket , or by Medicaid -LRB- Medical in CA -RRB- . To receive payment for care from the latter , one must be `` impoverished '' as defined by the state that they live in , and they usually must be in a facility -LRB- Medicaid/Medical only pay a few hundred dollars a month of home care -RRB- . The only other solution to the problem of paying for long-term care , either at home or in a facility , is long-term care insurance -LRB- LTCi -RRB- . This sector of the health insurance industry is in a bit of turmoil right now and if you have decided that you want to explore LTCi , make sure that you work with someone that is a specialist in this area . There are an infinite number of designs in coverage which can vary the cost -LRB- premium -RRB- by thousands of dollars a year . Also , be sure that you are working with agents that only work with the best LTCi companies in the industry , those that have strong financials , high ratings , and are committed to the field . The most important thing is to have a plan . Your plan may or may not include LTCi . But , if it does , buy no later than your mid-fifties as the price really starts to climb after that . Dont depend on Medicare for the payment of long-term care costs .


Input: Why Does Suze Orman Not Like Annuities?

Output: Suze Orman seems to have softened her position on annuities . In the past she has be extremely critical of annuities . But recent postings on the Internet suggest she has modified her position if not her overall tone . Theres a piece on the Internet called Truth About Annuities , apparently authored by Suze , where she gives some latitude in their use in certain scenarios .


Input: How Much Does A Doctor Visit Cost Without Health Insurance?

Output: The cost will vary from doctor to doctor and will depend upon the nature of the office visit and the services rendered . If you are going to be paying cash then many doctor 's offices are quite happy to work with you on that basis as it saves them the time and expense of filing an insurance claim . So , they may offer an attractive cash rate . Unfortunately , there really is no uniform pricing system for all health care services that is adhered to uniformly by all physicians . It 's not like going to Midas to get your oil changed . I would advise you to call around to several doctor 's offices , speak with the office manager and explain what you think you are wanting to see the doctor for and that you are wanting to pay in cash and ask them if they can provide an estimate . Some probably will and you may be surprised by how many do n't know how to deal with that question . You can also try to go online and do some research for average costs for various types of office visits and medical tests and procedures . This may give you some advance knowledge of what average costs -LRB- or at least the range of costs -RRB- are in your area so that you can know if you are being offered a fair price or to use for negotiating purposes . An online service like `` HealthCost Estimator.com '' may also help you in doing your research . Finally , for simple procedures and tests there are a growing number of stand alone walk-in clinics or ones housed in pharmacies that do actually have a posted price list for the limited range of services they provide . For many simple needs this kind of setting may serve your needs .


Input: What Is Disability Insurance Elimination Period?

Output: The Disability Insurance elimination period is the time between becoming disabled and receiving your Disability Insurance payments . The longer the elimination period , the lower the Disability Insurance premium usually is , so many people choose an elimination period of 90 days for Long Term Disability Insurance . That means that you would have to have been unable to work for 90 consecutive days before your Disability payments would start being paid to you .


Input: What Is Disability Insurance Elimination Period?

Output: The terms of purchasing long term disability that you should be familiar with are these . Elimination period is the time between you are diagnosed by a doctor that you are medically disabled and the time you begin to receive benefits . The most common elimination periods are 30-60-90-180-360 days . The rule of thumb is the longer the elimination period the lower your premiums . Most good disability insurance carriers do go back and pay you from the first day of disability once the elimination period has been satisfied in a lump sum amount . Benefit period is another term to be familiar with as well . This is the period in which benefits will be paid to you once they commence . Common benefit periods are 2 years , 5 years , 10 years , 20 years or age 65 and 67 years old . I would recommend choosing the age versus years . If you are permanently disabled at a young age , you do not want to lose your benefits before becoming eligible for social security . The last term is future purchase options . This allows you to purchase more disability as your income increases without proof of insurability . In other words , you will not be reunderwritten . During your work life you will probably earn more money because of your increase knowledge and skills . This option allows you to insure that aspect .


Input: What Is Medigap Blue?

Output: Vermont BlueCross BlueShield has a health insurance product call Medigap Blue . It provides Medicare Supplement coverage to Original Medicare Part A and Part B . They offer Medigap Plans A , C , D , F and N with all the standardized benefits as with other insurance companies . Their premium rates are grouped into under 65 disabled and over 65 . Please let me know if I can offer further assistance .


Input: How Much Insurance Money Will I Get For A Totaled Car?

Output: When you and the adjuster agree on the value of your car , you will receive a check for that amount minus the deductible listed in your policy . If you are not at fault you will receive the same amount from your insurer but may recover the deductible after your insurance company subrogates against the at-fault driver .


Input: What Is The Retirement Plan For Government Employees?

Output: The is the federal employees retirement system for federal government employees and state government retirement plans like the Arizona State Retirement System and Public Safety Personnel Retirement System of Arizona in Arizona . Most of these plans are defined benefit retirement plans , but some offer defined contribution plans , which are becoming more popular .


Input: Is Life Insurance Cash Value Protected From Creditors In Colorado?

Output: In the state of Colorado cash values are protected for both bankruptcy and non-bankruptcy claims up to $ 50,000 . Federal bankruptcies are not protected . However all monies placed into the contract 48 months prior to the claim against the contract owner are not included -LRB- i.e. not protected -RRB- .


Input: Is Life Insurance Cash Value Protected From Creditors In Colorado?

Output: Life insurance in Colorado that is left to a beneficiary who is a person , and not the estate , is protected from creditors . Once it goes to the beneficiary , the only creditors that can try to get it are those the beneficiary owes money to , not who the deceased insured person owed money to .


Input: How Was Medicare Created?

Output: Apparently president Teddy Roosevelt championed the idea of a national health insurance program way back in 1912 , but was unsuccessful in getting it established . Later in 1945 President Truman proposed to congress that a national health insurance fund be created to benefit all Americans . That also failed to gain traction . President Kennedy made a bid for a national health insurance program also pleading that 56 % of Americans over 65 had no health insurance nor could afford it . Finally in 1965 President Johnson signed the legislation that made Medicare a reality .


Input: How Was Medicare Created?

Output: In 1965 , under the leadership of President Johnson , Congress created Medicare under Title XVIII of the WEBSITELINK to provide health insurance to people age 65 and older , regardless of income or medical history . Before Medicare 's creation , approximately 65 % of those over 65 had health insurance , with coverage often unavailable or unaffordable to the rest , because older adults paid more than three times as much for health insurance as younger people .


Input: Will Medicare Help Pay For A Walk In Tub?

Output: Unfortunately , no , Medicare will not help pay for a walk-in tub . They are not considered to be a durable medical equipment -LRB- a DME -RRB- item . They 're generally viewed as a convenience item for an individual since they 're available to the general public and anyone who wants one can buy them .


Input: How Much Tax Will I Pay On Life Insurance?

Output: Life insurance is usually left to a beneficiary income tax free . There will be income tax charged on the interest paid if the death benefit is taken in installments . Estate taxes can apply if the amount of coverage pushes the estate above the exempted amount . This year the amount exempted from federal estate tax is $ 5,250,000 .


Input: How Much Tax Will I Pay On Life Insurance?

Output: How much tax you pay on life insurance will vary from none to some depending on how you use it and what it does . Usually there is no income tax due on death proceeds . ON rare occasions , the benefit could be taxible , but in the vast majority of situations the death benefit will not be taxable . As far as cash values go there are both taxable and non taxable ways to set up your cash values . You should talk these aspects over with the agent you are doing business with .


Input: How Does Social Security Fit In A Retirement Plan?

Output: Social Security is the only retirement plan for many Americans . The federal program is also a main stay supplemental retirement plan for other Americans who participate in employer or individual plans . When qualified plans distribute income it is taxed as ordinary income at the plan participant 's effective tax bracket rate and is includable in the provisional income test for Social Security benefit taxation .


Input: How Do I Estimate Home Insurance?

Output: To obtain an Estimate of Home Insurance , you would need to answer a few questions relative to the risk.The basic characteristics of the home to be insured including the Year Built , Square Footage , Type of Roof and the Use of the Home -LRB- Owner Occupied or Tenant Occupied -RRB- will help assess the correct reconstruction value of the home . In addition , you will need to list any safety features such as Deadbolts , Smoke Detectors , Fire Extinguishers , Central Station Alarm Monitoring & Fire Sprinklers ; these items will most likely either be necessary for qualification or offer a security discount depending on the program . For a simple self service homeowners insurance quotation , there is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: Why Is Life Insurance Important For Children?

Output: Life insurance for the sake of the children is only as important as your dreams or the cultural expectations may dictate in your social strata of society . Education , weddings , down payment on a first home and an emergency fund are only a few of the items that generally are integrated into child planning for the future . If the question is regarding life insurance on a child , then final expense for funeral and medical expenses in the case of a childhood tragedy . In could be justified that educational outlays , or other large financial commitments born by the parents , would be reimbursed by the proceeds from a childs death claim .


Input: Why Is Life Insurance Important For Children?

Output: There is three reasons to insure a child with permanent life insurance . First , the reason no one likes to think about , but a child 's death is devastating on all levels , but is a possibility . Not having the money to bury a child just adds extra hardship during an extremely difficult time . Second reason is to protect the child 's insurability . Once the child has a life insurance policy , they can in most cases increase face amounts without proof of underwriting . This is crucial to a child diagnosed with type I diabetes , cancer or even worse . The third and final reason to insure a child with life insurance is the cash value . Not only can you use the policy as a teaching moment for the child to learn to save but the many uses as the child grows into an adult . Cash value from a life insurance policy can be used for emergencies , hardships , as well as college , a down payment on a first house or even retirement . Child life insurance is so affordable and important , every parent should strongly consider it for their children .


Input: Why Is Life Insurance Important For Children?

Output: Why is life insurance important for a child ? It creates the cornerstone of a financial plan for their lifetime while they 're still wetting their pants . What a parent can do for a child is create a policy that grows over time and can give a child future options for additional insurance that can not be denied by the insurance company . One of the most powerful gifts you can do for your children is take away an insurance company 's ability to say `` no '' down the road to your child when they wish to increase coverage .


Input: What Is The Best Medigap Insurance Company?

Output: Medigap Plans are standardized by CMS . This means they are Medicare 's plans and NOT plans of the insurance company -- so there is n't a company that ranks as the best Medigap carrier because they are all required to pay the bills ... it 's the law . As a consumer , it 's in your best interest to use an independent agent to help you determine which insurance company and Medigap Plan is the best for you . Independent agents specializing in Medicare know how to research the market and find the insurance company that meets your needs . When I 'm helping Seniors lower their existing Medigap premium , I let them know that it really does n't matter which insurance company they use ... if they have Plan F , it will be the same exact Plan F with another insurance carrier . The only difference is the price . Thank you for taking the time to read my response . Please let me know if I can be of further assistance .


Input: What Is The Best Medigap Insurance Company?

Output: The best medigap company is the one that 's offering you your desired plan at the lowest cost . A plan F from `` Company ABC '' is the same exact plan F from `` Company XYZ '' . Medigap plans are standardized , meaning that regardless of which company you have the plan through , the benefit pay the EXACT same way . The only difference in your coverage is your price . 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: Does Medicare Cover Alzheimer's?

Output: Most of the medical care related to Alzheimer 's disease is covered by Medicare Part B -LRB- Medical insurance -RRB- or Medicare Part A -LRB- Hospital insurance -RRB- . If you have Medicare Supplement insurance -LRB- Medigap Plan -RRB- , your policy may help cover the co-insurance and deductibles associated with Original Medicare Part A and B . You can contact your insurance company or an insurance agent who specializes in Medicare Supplements to review your Medigap benefits . As for medications , a Part D prescription plan will cover most Alzheimers medications . Your costs -LRB- co-pays and deductibles -RRB- will depend on your plan . Unfortunately , long-term custodial care costs -LRB- nursing home , assisted living , or adult day care -RRB- are not covered by Medicare . Even hiring home help for bathing , toileting and dressing -LRB- custodial care -RRB- is not covered by Medicare unless the Medicare Beneficiary is receiving skilled-nursing care , physical or occupational therapy to assist with the recovery from an illness or injury . If I can be of further assistance , please feel free to contact me at 1-888-411-1329 .


Input: What Is A 5 Year Term Life Insurance?

Output: 5 Year Term Life Insurance is insurance that the premium stays level for a 5 year period and then increases . The policy will renew at a higher premium until it expires at a given age age 85 for example . The premiums are low initially until , the become very high in the later years . Usually , this type of insurance is convertible to a level premium permanent insurance plan until a given age say age 65 . 10 year term life plans have become much more popular than the 5 year plans . An independent insurance broker , representing several companies , can help you find the right policy at the right price . If you have any questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: What Is A 5 Year Term Life Insurance?

Output: 5 Year Term Life Insurance has the premiums locked in for 5 years . People who have a short term loan are the most common seekers of of 5 year Term that I see . In reality , the cost of 5 year Term is often higher than 10 year Term because there are so few companies that offer five year Term Life Insurance . When you buy Term Life , you can drop it at any time without penalty . So getting 10 year Term may be your better choice .


Input: What Is A 5 Year Term Life Insurance?

Output: That is a great question ! A 5 year term policy is exactly what it sounds like . It is a life insurance policy that has a 5 year lifespan . At the end of the 5 year term , the policy and coverageend . This type of policy is typically purchased to cover a debt , that is usually repaid within that time period . Term life policies have no value unless you were to pass away during the term , and can be renewed , but the renewal premiums start at 110 % of what you paid before , and increase dramatically . I hope that helps , thanks for asking !


Input: What Is A 5 Year Term Life Insurance?

Output: The only reason to carry a 5 year level term is for a 5 year or less debt . Typically 5 year term is harder to find as many carriers start at 10 year term . I find in shopping that you can purchase 10 year term cheaper than buying a 5 year term just because of competition . If your need for life insurance is greater than 5 years seek the advice of an independent life insurance broker . Term life insurance policies rates increase as much as ten fold at the end of the term and force most back into the market . You will be 5 years older and perhaps not in as good of health .


Input: What Is A Health Insurance Claim Form 1500?

Output: A health insurance 1500 claim form is a standard claim form issued by the Center for Medicaid and Medicare Services that used by a non-institutional providers and suppliers to bill Medicare insurance companies and durable medical equipment regional carriers , as well as some Medicaid State Agencies.This form is usedwhen a provider qualifies for a waiver from the Administrative Simplification Compliance Act requirement for electronic submission of claims .


Input: Does Health Insurance Cover Skin Tag Removal?

Output: Skin tags are benign growths on the skin that can form anywhere but are most common on the eyelid , face , neck , armpit or groin . Removal is a relatively simple and painless outpatient procedure . In most cases skin tags do not pose a medical problem and removal is for cosmetic reasons . In some situations the tag may be in a place on the body where clothing rubs against it and it becomes quite unpleasant . In those situations it is possible your carrier will pay for removal of the skin tag .


Input: What Is A Renters Insurance Declaration Page?

Output: A Declaration Page , also referred to as a `` Dec Page , '' tells you the most pertinent parts of your policy . Along with containing the personal information -LRB- name , dob , address , etc. -RRB- , it also lists your policy number , effective date , summarizes the coverage amount and states the premium . Any changes -LRB- endorsements -RRB- or discounts will also be listed on this page . The dec page also provides information on the insurance company , including how to contact them , where to call for claims , etc. .


Input: When Should I Drop Life Insurance?

Output: It ultimately depends on your personal situation , but there will always be a need to have life insurance coverage -LRB- such as income replacement for your spouse , burial expenses , fees for the handling of your estate , leaving a legacy to your loved ones , etc. - using life insurance to provide income for your spouse after you die is a major need for coverage that is often overlooked -RRB- . You may simply need to change the amount of total coverage you have in force as your needs change , but you will most likely need to have some level of coverage in force forever . The most common type of life insurance that gets dropped is term insurance . The reason usually being that the term period on the policy is expiring/has expired and the premiums start increasing . When this happens , people usually buy a new policy to replace the old term policy to save money on their premiums . If you 're unsure about what to do for your specific circumstances , speak with an experienced broker who can help you determine the best course of action for your specific needs . I hope the information is helpful - please feel free to contact me for further assistance and if you have any other questions . Thanks very much .


Input: When Should I Drop Life Insurance?

Output: Many life insurance policies expire . If you have a policy that you must drop then the proper time to do that is when you no longer love anyone . Or when you no longer owe anyone money . Or when you no longer want to make a difference in this world . You certainly do not want to drop a policy if your health is declining , or when there are still loose ends in your estate .


Input: When Should I Drop Life Insurance?

Output: That is a great question ! The answer really depends upon why you would want to . There are policies that end on their own , and to renew them becomes really expensive really quickly , and if that is the case for you , let your term policy expire , and do n't renew it . If your case is that you 've found a cheaper whole life policy , drop the old policy as soon as the new policy becomes effective . If it 's a matter of affordability , maybe a better solution is to call and have your coverage reduced -LRB- lowering your premium payment -RRB- and allowing you to keep the policy . If you are needing money , maybe taking out a loan on the policy is wiser . If I can help you further , please feel free to contact me , okay ? Thanks for asking !


Input: Does My Auto Insurance Cover Me In Europe?

Output: I am assuming you are referring to renting a vehicle in Europe and your US coverage extending to the rental car . This totally depends on your carrier and their policy . Most likely NO , some -LRB- though not all -RRB- US carriers will extend coverage to Canada -LRB- many used to extend to Mexico as well , but more and more are removing this coverage -RRB- . There may be a few carriers out there that would extend to European Countries , but the only way to know for sure is to call them or you agent directly and ask . I 'd get it in writing too ... .


Input: Does My Auto Insurance Cover Me In Europe?

Output: Most U.S. insurance companies do not do business in Europe . There are some that do . Check with your agent . You will probably find that your current coverage extends from the USA into Canada and along a strip of the Mexican border . There are many insurance companies that will be glad to help you find coverage in Europe . Enjoy the scenery and dont forget that the rules of the road are a bit different .


Input: Does My Auto Insurance Cover Me In Europe?

Output: That is a great question ! Unfortunately , I ca n't give you a very positive answer . I do not know of a single US auto insurer that will extend coverage to you overseas . I know that if you were asking about Canada , or even Mexico , that I could give you a better answer , but not for Europe , I 'm afraid . Sorry , and thanks for asking !


Input: Where Is My Health Insurance Accepted?

Output: This is such a broad question . There is no way to answer without knowing additional details of your policy . Do you have an HMO , PPO , or another type of policy . HMO 's typically restrict you to providers at their facilities with exceptions being made for unusual situations . PPO 's will typically have a network of preferred providers covered under on copay and out of network providersunder a different copay and reimbursement level . You shouldhave been issued an insurance card with a number for you to contact with questions aboutyour plan .


Input: Can You Hide Smoking From Life Insurance Companies?

Output: I certainly would n't try to hid nicotine from a life insurance application . There are policies that do n't require medical but they will find out when they pull your medical records . It is n't a good idea to fib for this will be in your insurance history for life , all health , life etc applications can see your trail and history of how questions are answered . Here 's what I suggest , buy a small term life insurance policy , work on quitting and when you are successfully clean after 12 months , shop again for life insurance , at 12 months clean you are able to qualify for preferred rates pending there are n't any other issues . Good luck !


Input: Can You Hide Smoking From Life Insurance Companies?

Output: Do n't even try it . Hiding tobacco use from the carrier initially may not be that difficult , but when it comes claim time the carrier will fight tooth and nail if they even think you lied on your application . Keep your answers on your application honest to avoid a non-payment of claims in the event of an untimely death .


Input: Can You Hide Smoking From Life Insurance Companies?

Output: Can you hide smoking from life insurance companies ? I have certainly had clients try it . How do I know ? Because they got caught . Once they answered `` no '' to the tobacco question and then evidence of recent smoking was found in their urine or medical records , from then on , all their answers were suspect . Underwriters use some personal judgement in assessing risk , and when a lie is discovered on the application , they are not quick to offer the benefit of the doubt for anything else . Not only that , but you end up paying tobacco rates with a company that may not have the best tobacco rates . When agents know up front what we are dealing with , we are much better able to get you with the lowest priced policy from the start .


Input: Can You Hide Smoking From Life Insurance Companies?

Output: Any attempt to defraud an insurance company by concealing material fact or omission may cause your beneficiaries claim to the proceeds of the policy to be denied . It could also constitute outright fraud which could lead to a civil suits . The application is forthright in it 's questions on smoking and not to mention the urine test will ferret out the nicotine levels in you system . Do n't try to game the system . You 'll lose in the end .


Input: What Is The Difference Between Life Insurance And Disability Insurance?

Output: Life insurance can be used to replace the income of the insured person after the insured person dies . Disability insurance can be used to replace the income of the insured person if the insured person becomes disabled.Disability can occur several times during one 's life ; death only occurs once .


Input: What Is The Difference Between Life Insurance And Disability Insurance?

Output: Life insurance is a mortality product and disability insurance is a morbidity product . Life insurance pays a benefit to the policy beneficiaries upon the death of the policy insured . Disability insurance pays with the policy insured ca n't work because of sickness or injury . Buying term life insurance in tandem with disability insurance is part of defensive financial planning .


Input: What Is The Difference Between Life Insurance And Disability Insurance?

Output: The main difference between life insurance and disability insurance is the first one is for those you love and care about to replace your income if you die . The second is to replace your income if you live . Life insurance is purchased for those you care about that would be left financially burdened with debt and or the lack of your income if you were to die today . Disability insurance is purchased for you to replace the majority of your income in case you were so injured or ill you could no longer work . Unless you are independently wealthy , there is a really good chance you need to purchase both . Be sure and find an experienced independent life and disability insurance broker to help you shop the market for the best product at the best price for your unique situation .


Input: Is Long Term Care Insurance Worth The Expense?

Output: If you have family history that has reoccurring nursing home care or home care assistance , you may need long term care insurance . If you play the morbidity odds of geriatric living , youll need long term care insurance . If you generated extended care expenses that you can not financially cover , you need long term care insurance . If you play the morbidity odds of geriatric living , youll need long term care insurance . If you generated extended care expenses that you can not financially cover , you need long term care insurance . A male and a female age 60 , nonsmoker and in good health with a full coverage and inflation rider from a quality long term care insurance company will pay around $ 300 a month for the max coverage .


Input: When Does Disability Insurance Kick In?

Output: Your disability benefits `` kick in '' or begin to pay once you have been diagnosed with an injury or illness by a licensed physician and the elimination period has been met . Your medical diagnosis must state you are unable to perform the duties of your normal occupation due to this affliction . The elimination period can vary from a day to 360 days depending on the type of disability policy that you own .


Input: When Does Disability Insurance Kick In?

Output: Disability benefits kick in once you have satisfied the elimination period . The elimination period describes the length of time you must be disabled before benefit payments begin . You will have to check your policy to determine the elimination period . Every policy is different . In general shorter elimination periods mean higher premiums . Many people opt for the lower premium configuration when purchasing the policy , only to regret the decision when learning how long it takes to kick in once disabled .


Input: When Does Disability Insurance Kick In?

Output: When does disability insurance kick in ? You can expect to receive a disability check 30 days after your waiting period ends . The waiting period is the time you decide to self insure to lower your premium . The longer the waiting period , the lower the cost . Payments actually begin 30 days after the end of the waiting period .


Input: Is Annuity Income Taxed?

Output: Yes , annuity income is taxed . The growth inside the annuity is tax deferred during the accumulation phase , but when you start the annuitization or distribution phase , where you start collecting payments , you will need to start paying income taxes on them . If you receive the payment as a lump sum , you will pay taxes on the difference between what you paid in and what you were paid . Not only can annuities be a good source of retirement income , but most people are in a lower tax bracket when they retire , so that the taxes do not sting as much .


Input: How Do I Apply For Medicare Part B?

Output: The best way to apply for Medicare Part B is to go to www.SSA.gov or visit your local Social Security office . The best time is a few months before you turn 65 or a few months before you need Medicare Part B to be effective . It is also a good idea to look at Medicare Supplement Plans to cover what original Medicare Part A & B does n't cover . You can do this through an independent agent that can show you all the major plans available to you . For more information about Medicare Part B and to run a Medicare Supplement Quote visit our website at SummitMedigap.com . You can also call us at 1-888-407-8664 .


Input: Where To File A Complaint Against A Health Insurance Company?

Output: All insurance companies are regulated on a state level . The first place to complain would be with the Department of Insurance of the state in which you reside . If your health coverage was purchased on either a state or federal insurance exchange -LRB- i.e. an `` Obamacare plan '' -RRB- , you may also file a complaint directly with the exchange . I would also suggest you speak with an independent insurance agent that represents the company to see if they can be of any assistance in resolving your concerns , or helping you change plans .


Input: What Glucose Meter Is Covered By Medicare?

Output: Glucose meters -LRB- blood sugar monitors -RRB- are covered by Medicare Part B as a type of durable medical equipment -LRB- DME -RRB- that your doctor prescribes for use in the home . The company that makes the device is not going to change whether or not it 's covered under Part B. Medicare Part B covers approximately 80 % of the cost and you 're responsible for the other 20 % . A Medicare supplement -LRB- Medigap -RRB- plan can help pay your portion of the cost of the blood sugar monitor .


Input: Who Has The Best Whole Life Insurance Rates?

Output: There 's no one company that offers the `` best '' whole life rates . The carrier that 's going to offer the best rates for you may not be the carrier the offers the best rates for someone else . There are a number of factors that go into the calculation of rates for a policy , but that 's only one area to think about . Some carriers may offer participating whole life policies -LRB- paying dividends that can be used to buy paid-up additions , reduce the premiums , or pay cash to the policyowner -RRB- - other whole life policies may be non-participating -LRB- meaning they do not pay any dividends -RRB- . Another factor determining which program will be best for your needs is the risk class . People may qualify for different risk classes with each carrier because each person has a different medical history and each carrier has their own set of underwriting guidelines -LRB- some carriers may be more aggressive in their underwriting and others may be more conservative -RRB- . You 'll want to consult with an independent life insurance agent/broker who can compare multiple companies to see who will offer you the lowest rates for what program you 're looking to set up .


Input: Who Has The Best Whole Life Insurance Rates?

Output: When comparing all insurance policies , especially whole life policies premium rates are only one variable to consider . Engaging the services of an independent agent / broker would help you find the right policy at the right price . If you are comparing whole life and the policy is non-participating example you can compare premium and the guaranteed cash value . This type of policy does not share receive dividends -LRB- the divisible surplus -RRB- . If you are comparing are whole life participating policy , then it is eligible for dividends . In this case , you will need to look at a company 's financials . Dividends are of course are not guaranteed . Availability of riders that can be added and premium payment period should also be considered . Unfortunately , I can not answer your question specifically without more information . I suggest you work with an agent / broker . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .


Input: Who Has The Best Whole Life Insurance Rates?

Output: All the above answers are good and correct . If you mean which company offers the lowest premiums for Whole Life , I would answer that in my experience , Mass Mutual , then the Guardian , and then NY Life . All 3 are mutual companies and their Whole Life policies receive dividends in addition to the guaranteed interest on the cash value portion of the policies . If you mean which company has the best performance with regard to their whole life policies cash values , again in my experience and to my knowledge the same 3 companies I named above and add NorthWestern and Sun Life . Of course what I like is the combination of lower premium and higher dividend interest rates that also buy more insurance while at the same time growing the cash value .


Input: Who Has The Best Whole Life Insurance Rates?

Output: The best life insurance rate is the one on the policy that is in force on the day of the claim . Price is really not the issue if the policy isnt in force . If the policy was in force but expired because the term of the policy expired , that wasnt a good buy either . Determine how long you will want the coverage and purchase a policy from an agent that you trust .


Input: Who Has The Best Whole Life Insurance Rates?

Output: Whole life insurance rates actually vary more for the individual purchasing them than the insurance company itself . There are so many factors that go into calculating premiums for whole life insurance such as age , build , health , life style , etc. . I recommend finding an independent life insurance broker to professionally shop the market for the best product at the best rate for your unique situation . Their services are free to you as a consumer .


Input: Does Auto Insurance Go Down When You Turn 18?

Output: That is a great question ! In most cases , the answer will lie in your company 's policies , your driving record , and where you live . The most risky age group for insurers is that 16-25 year old group , and as a result , the rate increases and decreases can vary quite a bit . Your best bet ? Call your agent and ask . Good luck , and thanks for asking !


Input: Does Auto Insurance Go Down When You Turn 18?

Output: The rating structure used by an insurance company is approved and supervised by the state insurance commissioner . That means that it varies from state to state . Here in California we rate based on experience . Any driver with less than 4 years of experience is charged more than one with more experience regardless of their age .


Input: Does Auto Insurance Go Down When You Turn 18?

Output: Not really ... It all depends on the carrier you are with , but with our carriers we do n't see a significant price break at age 18 . We see a more significant break in the mid 20 's . Many carriers consider those that are 18 , 19 or in the eraly 20 's and still being `` young '' drivers and price them accordingly . Every year you get further away from the true young driver age of 16 or 17 , you get a little help onthe pricing but its not generally a lot to get excited about . Contact your local independant agent and have them run some pricing comaprisons for with different companies . If you are 17 now , ask them to run estimates on what your premiums -LRB- at today 's rates -RRB- may look like as you get older .


Input: Does Auto Insurance Go Down When You Turn 18?

Output: Many companies will reduce your auto insurance rates when you turn 18 , 19 , 21 , 25 or other specific ages . Also , the number of years of driver 's experience will help reduce premiums . For example , if you get your license at age 16 , within 2-3 years , you should see rate reductions if your driving record remains good . Of course , in fairness , there are other variables that can impact the rate .


Input: Is Ice Dam Damage Covered By Homeowners Insurance?

Output: It depends , which I know is an unsatisfactory answer . Assuming you have HO-3 Homeowners coverage there is protection against sudden rain/sleet/snow damage to your roof . In other words , if there is a sudden winter storm that persists for days on end , an ice dam builds up on your roof and causes damage there could be coverage . However , if you have an older roof and it has been through a few winter storms then the most likely answer you will get from an insurance company will be the damage was caused by normal wear and tear and the damage is not covered . So , depending upon the age of your roof , its pre-storm condition and the suddenness/severity of the storm you may or may not have coverage .