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What Does Medicare IME Stand For?

According to the Centers for Medicare and Medicaid Services website , cms.gov , IME stands for Indirect Medical Education and is in regards to payment calculation adjustments for a Medicare discharge of higher cost patients receiving care from teaching hospitals relative to non-teaching hospitals . I would recommend contacting CMS to get more information about IME

In order to secure a renters policy you should contact an insurance agent that you trust . When you meet with the agent be sure to answer his questions fully . In the process dont underestimate the value of your personal property . The tendency is to underestimate . If it will cost you $ 30,000 to replace your personal property , imagine your regret when the company gives you a check for $ 15,000 because that was the limit on your policy .

Is Long Term Care Insurance Tax Free?

As a rule , if you buy a tax qualified long term care insurance policy -LRB- as nearly all are , these days -RRB- , and if you are paying the premium yourself , there are tax advantages you will receive . If you are self employed , the entire premium is tax deductible . If working somewhere but paying your own premium for an individual or group policy , you can deduct the premium as a medical expense under the same IRS rules as apply to all medical expenses . In both situations , you also receive the benefits from the policy tax free , if they are ever needed .

There is an important distinction worth noting . Private policies sold directly to individuals do not cover normal childbirth . Complications and postpartum disorders may be covered as Peggy noted . There are individual policies sold through employer groups that do cover normal childbirth . The policies are employee owned and paid via payroll deduction . Employers are not required to make a contribution , and participation requirements are nominal .

Can Husband Drop Wife From Health Insurance?

Can a spouse drop another spouse from health insurance ? Usually not without the spouse 's who is being dropped consent in writting . Most employers who have a quality HR department will require a paper trial for any changes in an employee 's benefit plan . When changes are attempted that could come back to haunt the employer , steps are usually taken to comfirm something like this .

The fine for not having car insurance will vary from state to state . Each state sets their own penalties for not having auto insurance . You could find out this information on your states department of motor vehicles website or possibly through your states insurance commissioner website or contact your local police department .

Is Medicare Run By The Government?

Medicare Part A and Part B is provided by the Federal government for Americans who are 65 and older who have worked and paid Social Security taxes into the system . Medicare is also available to people under the age of 65 that have certain disabilities and people with End-Stage Renal Disease -LRB- ESRD -RRB- .

Policies can vary from one carrier to another , but many insurers cover your vehicle while driving in Canada , assuming you are not a resident there . You should be prepared to have your US driver 's license , an ID card for your current US car insurance and perhaps also a statement or proof that you are a US citizen . Renting a vehicle there would be a different situation and the business where you rent the vehicle can provide the specifics . Naturally , an established auto insurance website can assist you with additional information and quotes . There is no cost to request a quote and compare the best options .

Is Medicare Run By The Government?

Definitely . It is ran by the Center for Medicare and Medicaid Services , a Government Agency given the responsibility of overseeing and administering Medicare and Medicaid . Even Medicare Advantage Plans , which are administered by private insurance companies are strongly regulated by CMMS . They work along with Social Security and Jobs and Family Services to insure that your benefits are available and properly administered .

Term life insurance policies can not be sold . The process of selling a life insurance policy is known as a viatical settlment and can only be done on permanent insurance policies -LRB- universal life and whole life -RRB- . Please note , you should consult with your agent before selling any life insurance policy to another party to review the after effect/consequences , tax issues , etc. of this type of sale . If you need any assistance with your coverage , please do n't hesitate to contact me . I hope the information is helpful - thanks very much .

What Does Split Limits Mean In Auto Insurance?

split limits refers to the liability part of your auto insurance policy . liability coverage can be done one of two ways : split limit or combined single limit . example of a split limit : 100/300/100 if you were at fault in an accident : - the first number is the total amount in 1000 's that your company will pay per accident to an injured person that you hit . it is the most it will pay any single person for their injuries . - the second number comes in when you injure multiple people . it is the most the policy will pay per accident total for multiple injured persons . - the third number refers to the maximum in 1000 's that your policy will pay for property that you damaged .

The reason annuity rates are falling as you say is simply because interest rates are at historically low rates . Fixed Annuities are tied to the interest rates , and while they do n't necessarily keep pace with the treasury and the national prime rate they do eventually come in line . Obviously since interest rates are very low currently they are bound to go up . As that happens we will see a rise in the rates annuities pay . Variable annuities are tied to the stock market or a particular index depending on the annuity . As a result they can have a much greater return than fixed annuities , however they are also at high risk when the markets take a dive .

Where To Buy Whole Life Insurance?

Whole Life Insurance is best purchased from a local agent who can sit down with you , look at your individual situation and recommend a plan that will fit your personal needs . While you can purchase insurance through the mail or online , that is not necessarily in your best interest . A good agent can provide council , advice , and service that can be invaluable . Since insurance rates are filed with the state , you do not get a discount by purchasing the same plan over the internet compared to purchasing from an agent .

Yes they do . I can not think a good reason I would sell them to a client . There are so many more products sold by insurance companies that specialize in Life insurance . More competitive rates and more benefit options . This is in no way a knock on Humana . Like most companies they have their place . Life Insurance is just not one of them .

Where To Buy Whole Life Insurance?

First off , excellent question . Whole Life Insurance is backed by the full faith and credit of the Carrier offering it . In many cases , Whole Life is sold by career insurance agents and they are `` captive '' to their carrier . That means that the agent does n't have a choice of carriers that might be offered . But there are ways for `` independent '' established agents who can offer multiple carriers and probably the best AGENT that can sell it to you . Once you decide on a agent who will be your advocate , like a real estate agent , they would work on your behalf and show you your options . The top Whole Life Carriers are as follows and in no particular order : Northwestern Mutual , New York Life , Mass Mutual , Guardian , Ohio National , Penn Mutual and MetLife . When comparing these carrier 's products , make sure that you understand how they credit their earnings -LRB- i.e. dividends -RRB- as you become an owner of the company with these policies and their performance is directly correlated with the health and well being of the carrier itself . And do n't just look at the current rate , or listen to an agent 's promise of how it will perform , because this life insurance will be with you for your WHOLE LIFE . It is a long term commitment that will protect your family , provide access to cash when you need it , and even can provide Long Term Care protection that is paid out of the policy while you are alive .

Because life insurance doesnt insure against a possibility , rather it insures against inevitability , it must provide continuous coverage at a guaranteed premium for a period of time . To provide a plan where the premium is level , permanent policies were developed . They set aside money to pay the premiums when they become excessively high . During the policy period the company is usually willing to exchange the promise of the death benefit in exchange for the money that they have accumulated . That money is guaranteed in the contract and is known as the cash value . That can be exchanged for the policy or used as collateral to secure a loan .

How Much Renters Insurance Should Be Purchased?

The most important step is to find an insurance agent who will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . Pictures are invaluable so photograph everything you own . On a piece of paper list the items in the photos and what it would cost to replace them . That sets your personal property limit . Then select as much liability insurance as the company offers . A lawsuit can ruin you financially .

Chiropractic care is covered by Medicare in some situations . Medicare Part B pays for a chiropractor 's manual manipulation of the spine to correct subluxation . If a hand held device is used during the manual manipulation , the use of the device is not covered . Initial physical exams , evaluations , X-rays , acupuncture , physical therapy , supplements and orthopedic devices prescribed or provided by a chiropractor are NOT covered .

How Much Renters Insurance Should Be Purchased?

How much renters insurance that needs to be purchased is based on your needs . You would ask yourself what are the items you need to cover and for how much . Also you would be looking to protect your self in the event of a lawsuit should you be sued for bodily injury or property damage by another party . In accessing your personal belongings there are many valuation guides out there to help you determine the value of your personal items . I suggest you consult with a local agent to help define your needs for renters insurance .

There 's many factors that go into the costs for term life insurance to say what an average plan costs - it will be different for every person due to a number of factors including their age , amount of coverage they want , how long they want the coverage for -LRB- , their risk classifcation , and whether they 're applying with full underwriting or non-medical term coverage . At age 62 , you 'll have term life insurance options for 10 , 15 , 20 , or 25 years - 30 years term insurance would not be available due to age - you would need to look at permanent programs to secure coverage longer than 25 years . If you want to consider coverage beyond 25 years , I would suggest looking at a Guaranteed Universal Life insurance policy -LRB- GUL -RRB- If you 're looking for something in the $ 100,000 , 10yr term insurance range , you could be looking at premiums of about $ 35 per month to over $ 100 + per month . $ 250,000 , 15 yr term can be as low as $ 103 per month . So on and so forth . However , any numbers I quote without more details regarding your medical history will be useless . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please keep in mind - every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Consulting with an experienced life insurance broker would be the best course of action . Brokers can shop the case for you among a number of carrier to see which one will work best for your program and help you structure a policy that will best serve your needs and your budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .

How Much Renters Insurance Should Be Purchased?

Renters insurance generally has two parts : Personal Property and Personal Liability . The Personal Property section should cover the replacement of all your personal belongings . The Personal Liability section will provide defense and coverage up to the limit in the event of a legal action brought against you for negligence.We suggest fully insuring your risk and then adjusting the deductible to suit the premium you wish to pay . It is always better to properly cover oneself and have a high deductible than have a small deductible and end up with proper coverage in the event of a loss ! You may obtain a renters quote at : WEBSITELINK

There are only a couple of companies that sell short term disability insurance to an individual person . One is Mutual of Omaha and the other is Assurity Life , of which I am aware . Most short term disability insurance is provided to the employee through a group policy offered by her employer . It might be paid for by the employer , the employee , or both .

How Long Does Life Insurance Money Take To Get?

In Ohio , upon receipt of a written proof of loss , the insurer must pay death claims immediately -LRB- most states interpret this to be within 30 days . -RRB- Check your state law to verify . If there is no beneficiary named in the policy , the death proceeds are paid to the estate of the insured . An insurer can not delay the payment of a death claim until the settlement of the estate of the insured has been completed .

Most agents who sell Term Life Insurance also sell Whole Life . The exception may be some of the `` term shops '' on the internet . Final expense policies are usually Whole Life , so agents specializing in Senior life insurance would carry Whole Life . These usually have under $ 100,000 face amounts . `` Captive '' agencies -LRB- where they sell products for one company -RRB- usually have good Whole Life products for persons looking for larger face amounts . So do agencies that sell multiple products , but you need to consult with a licensed agent who understands Whole Life . A good way to start would be to call and ask for an agent who can compare a couple of Whole Life policies for you in detail . If they are unable to do that , move on to the next one .

How Long Does Life Insurance Money Take To Get?

Life insurance proceeds take from a couple weeks to a couple months to get , on average . The Departments of Insurance in the 50 United States regulate and observe the amount of time it takes for payments to be made . However , claims go faster if the paperwork is all in order , you have a certified death certificate sent with the claim forms , and all the information is correct .

In many cases it will be . This is mostly due to the fact that they are less of a risk b/c they are only driven for shows or on weekends . Companies who insure classic cars may also require that you garage them , as well as agree on value due to the huge disparity between the value as a 50 yr old car vs. to a collector/at auction .

Does Dave Ramsey Recommend Long Term Disability Insurance?

Dave believes in a methodical approach to getting out of debt , investing in the market and minimal use of insurance , which is why he is a promoter of term life insurance versus permanent life insurance . If you follow his disciple , you should be able to self-insure , Daves highest use of your money . But he has also alluded to the fact there may be circumstances where long term care insurance might be a value proposition .

Term life insurance is recommended because its the cheapest coverage for indemnifying economic loss to your beneficiaries . Depending upon your age , you can secure up to 30 years of guaranteed coverage and if you purchase a term life insurance policy with a conversion provision , you can have the option of extended your coverage with permanent life insurance without medical evidence . Now should term life insurance be recommended ? If your financial liability is temporary , then perhaps you should but term , but buy it with a conversion provision because lifedoes n'tremain the same . Liabilities change , so keep your options open .

Does Homeowners Insurance Cover Bathroom Leaks?

Most of the time when there is a sudden break in a pipe , the damage can be stopped quickly and there is often little or no damage . The damage caused by a sudden bursting of a pipe in your bathroom would be covered under most homeowners policies . A slow leak that damages property might not be covered . The homeowners policy is not designed to cover routine maintenance items in the home .

It normally is just a matter of cancelling with one carrier and signing with another . If you have your premium escrowed this may make it a little longer than if you do n't . When you cancel a policy the carrier that you had the policy with will refund any unused portion of the premium that you have paid to them .

Does Homeowners Insurance Cover Bathroom Leaks?

It is , of course , always best to talk to your Insurance Professional about the specific terms and conditions of your policy , but there are cases where water damage caused by leaking water , including in a bathroom , can be covered . Most policies provide coverage for sudden failure of a pipe , valve or joint that results in water leakage . There may be some policy coverage limitations however for long term seepage , so it is best to check that .

It is common for insurers to promote significant discounts for car insurance alarms but the reality is the credit applies to a small portion of your coverage -LRB- comprehensive -RRB- . On an annual basis , the credit may be only $ 15-25 . For certain models considered a high theft risk , insurers may require an alarm before they will even consider providing coverage . In return for the credit , make sure you are not accepting a warranty which voids coverage if your alarm is not activated when your car is left unattended .

How Do Annuities Earn Money?

There are three basic types of crediting methods for non-qualified deferred annuities : fixed interest rate crediting , indices crediting and separate sub accounts using equities and bonds investments . The fixed interest rate crediting and indices crediting methods are used in non-security savings products . Separate sub accounts using equities and bonds investments may credit or debit from a variable annuity , which is a security investment product , based on its market performance . Variable annuities can lose money .

This depends on what type of policy you have . For example , there are certain polices known as Term UL policies that many companies have sold that have an extension option for the policy that will allow you to extend the term period and pay a level premium . The premiums are generally more expensive for the extension but not like a traditional term policy with increasing premiums . Check with your insurance company on the options you have . Another option that carriers make available is a term conversion . This allows you to convert part or all of your term insurance to a permanent policy without having to go through underwriting . These options vary from company to company but for some clients it can be a great option .

What Is A Qualified Retirement Plan?

A qualified plan is generally a government sanctioned retirement plan that offers some type of tax advantages . Under ERISA , the Employee Retirement Income Security Act of 1974 , defined contribution plans have become very popular , especially employer sponsored 40 -LRB- k -RRB- s . The pretax contributions accumulate tax deferred and can accumulate tax deferred until age 70 1/2 when mandatory minimum distributions are generated .

The death benefit of a life insurance policy is tax free . In Canada , if the beneficiary is a corporation , the death benefit is received by the company tax free . The amount that the death benefit exceeds that Net Cost of Pure Insurance can be paid out as Capital Dividend to shareholders Tax Free . -LRB- Ask for details -RRB- In Canada the cash value of the policy is not taxed as long as the policy remands exempt from accrual taxation . Insurance companies make sure policies remand exempt . The ratio of death benefit to cash value can not exceed the cash value of a endowment at age 85 . If surrendered the amount that exceeds the adjusted cost base is taxed the same as interest income . If you borrow in excess of the adjusted cost base you will attract taxation . A deemed disposition can occur on most transfers of ownership . Check with you insurance company to be sure . 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 .

What Is A Qualified Retirement Plan?

A qualified retirement plan meets specific IRS guidelines and receives tax-favored benefits . Defined benefit and defined contribution plans are the most popular examples and are often used when planning retirement . A full-time financial adviser or broker is clearly the best resource for providing specific information and how you can apply it to your personal situation .

Difficult question to answer without more specific information . The cost per thousand of term life insurance varies greatly depending on your age , sex , health and other underwriting factors . The cost will also vary depending on what type of policy you choose . To get a basic idea you can get a quote from an online website . I would suggest you contact a local insurance broker to get some professional advice . 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 .

What Happens When You File A Homeowners Insurance Claim?

When you need to file a Homeowners Insurance Claim , the best and quickest way to handle it is to call the CLAIMS Telephone number listed on your Homeowners Insurance declarations page . Most carriers have a 24 Hour reporting line for claims ; the station is staffed by an individual trained to take an initial report and pass it on to the assigned claims adjustor based on the type of claim and geographical location of the loss . Once the preliminary report is taken , a claims number is assigned , an adjustor is assigned and the preliminary record is report to the National Database also known as CLUE ; CLUE is a tool used industry wide to review prior claims activity on homes . The CLUE report will later be updated eventual showing the Closed Status and total amount paid by the insurance carrier to resolve the claim . When making the initial claim report , it is beneficial to only offer a simple and general explanation of the nature of the loss ; it is always better to give all the details directly to the claims adjustor as the initial claims report is usually not taken by a person licensed and trained with the capabilities of the insurance adjustor.In most cases , the insurance carrier will assign and adjustor who will make an initial contact within 1 business day . The adjustor will make an appointment to come out and review the damages claimed , a detailed estimate of the required repairs will be prepared and the adjustor willinterpret the policy to determine if and to what extent coverage applies to the damage incurred ; the final process will be a resolution letter mailed to the insured with a full accounting of the situation and perhaps an associated check for repairs . In some cases , an initial payment may be offered holding back thedepreciated portion of the loss until thedamages or items are replaced after which the carrier will reimburse the insured for the full replacement cost of the items as long as the policy coverseverything on a replacement cost basis . Any specificquestions regarding a loss should be directly discussed with the claims adjustorwho is licensed and responsible to handle the complete transaction and explain the processto the insured . Prior to any claim occurrence , it may alsobe a good idea to contact a licensed insurance representative to learn the process and best recommended method of handling thesituation should youencounter a claim .

That is a great question ! The answer depends upon your individual policy . Some companies will allow for a short extension of your coverage to your new place , typically about a month . Others will not , as the new place has new risk variables , and they will not want to pay for a claim filed in the new apartment . Check with your agent , and find out if your policy will cover you . Good luck , happy moving , and thanks for asking !

How Does Having A Dog Affect Home Insurance?

That is a great question ! The answer is no , if your dog has been professionally trained , is not a breed known for violence , and you never have a claim filed because of him or her . The answer is yes , if you have a dog that falls underneath your company 's specified category for dogs at risk for claims from bites . Or worse , if you file a claim because your dog has bitten someone . It is always a good idea to call your agent before purchasing the dog , and find out if the dog can be covered , and to what extent . I hope that helps . Thanks for asking !

It depends on your policy but most newer plans do . You need to check your policy to be sure . Long Term Care policies will generally cover any type of long term care including assisted living and home health care in addition to nursing home . Some will even pay a family caregiver .

How Does Having A Dog Affect Home Insurance?

A significant number of claims paid by insurance companies involve dogs . As a result companies normally are quite concerned about particular breeds of dogs and will often deny coverage completely when you have one of these dogs . Many companies will include an endorsement to deny coverage to specific breeds and mixes and will limit the amount of damages that they will pay for any animal bite .

Typically , on most car insurance policies , you have up to 30 days of coverage when you purchase a vehicle and it is replacing another vehicle . The coverage matches the coverage you had on the previous car . For example , if you had $ 50,000 per person of bodily injury and $ 100,000 per accident , along with $ 250 deductibles , the new vehicle would also have those limits . Each policy may be different so do n't assume you have 30 , 10 , or even 5 days of coverage . Contact your agent when you are considering buying a vehicle and he/she can review the estimated rate along with the length of time you have to add the car to the policy . If you are purchasing a new vehicle , and your existing coverage is `` liability only , '' it 's critical to add the car to your policy before it is driven . Also , be aware of the date you will be charged for the new car coverage . It may not be as `` free '' as you believe , if the vehicle is added effective the day of purchase , and not the day of reporting ! IMPORTANT : Answer was provided by Edward Harris , one of the premier auto insurance authorities in the US . His website , Carinsurancezoom.org , provided free online quotes and the lowest car insurance rates from top-rated companies in your area .

How Does Having A Dog Affect Home Insurance?

It might , yes . Some companies choose to exclude coverage if you are the owner of a particular breed of dog . These are always specified in the underwriting guidelines that a company files with your state 's Insurance Department . Some companies will make exceptions if the dog has successfully completed a certified training program .

Life insurance actuaries : 1 . Determine risk of life insurance applicants based on statistics , 2 . Help determine policy pricing and company reserves , 3 . Help develop new lines of business , 4 . Help develop policy contract provisions , 5 . Provide explanations , advice , and testimony as needed to customers , colleagues , company executives , financial institutions , public agencies , courts , and government workers .

My new car was demolished in an accident that was somceone else's fault, I only owned the car for three months will I get back what I paid for it three months ago?

The other drivers insurance will indemnify you for your loss to the extent of coverage of the other drivers policy . If they have a $ 25,000 property damage limit and your car is worth $ 50,000 your recovery will be difficult . Your underinsured motorist limit will then become a major player . Under the best circumstances the adjuster will have to make you happy . You could file a lawsuit and you might prevail . Insurance companies do not enjoy being sued .

A veteran needs Long Term Care Insurance if he/she does not want to utilize long term health care provided by the Veterans Administration . This may be due to location or some other bias the veteran has about receiving VA medical care . Or a veteran might want Long Term Care Insurance in case he/she can not qualify for full benefits or full compensation for care offered by the VA. .

My new car was demolished in an accident that was somceone else's fault, I only owned the car for three months will I get back what I paid for it three months ago?

Sad to say , you probably will not if the settlement is handled by the other company . A car depreciates in value quite a bit as soon as it leaves the lot and the insurance company will settle the loss based upon the depreciated value in most cases . Now , if you happen to have coverage in your own policy that provides for a brand new car replacement , it is best to talk to your Insurance Professional about your options . Some companies even offer a deductible advance so that you would be much better off in a situation like I have just described letting your own company handle the settlement for you and then go after the other guy 's insurance company for reimbursement in a subrogation proceeding .

Cash value in life insurance is the amount remaining after you submit your premium payment to your insurance company and the carrier takes out any cost of insurance and mortality & expense charges . There is no exact figure for it as it will vary by policy - your face amount , length of coverage , risk class , premiums , and other factors go into the calculation . The cost of insurance/mortality & expense charges on permanent policies will vary from carrier to carrier as well as whether the policy is a Universal or Whole life policy . The cash value can be borrowed against -LRB- acting like a loan with interest rates and the expectation to be paid back - when not paid back , the outstanding balance of the loan is deducted from the death benefit and the beneficiary receives the difference -RRB- , or pay your premiums for you .

My new car was demolished in an accident that was somceone else's fault, I only owned the car for three months will I get back what I paid for it three months ago?

That is a great question ! I am sorry for your loss , it is tough when you do n't get to own the car long enough to even get a chance to enjoy it . Your insurer most likely uses what is called the `` Blue Book '' value to determine what your car is worth . The price that you paid three months ago most likely is higher than what the Blue Book will allow , since the car starts depreciating in value almost the minute that you drive it off the lot . They will factor in wear and tear , -LRB- dings , dents and normal wear of parts -RRB- and depreciation when they offer your settlement sum . Do not expect to get reimbursed for your tags and fees ; Those things are like gas to insurance companies , you need it to drive , but it 's not a part of the actual value of the car . If they do not give you what you want , you can always appeal the settlement , sometimes the company will give in and pay . I 'd hope so , in your case . Good luck , and thanks for asking !

Not all term life insurance policies are created equal . You must confirm that the policy allows for conversions to a permanent policy and the length of time the policy allows you to convert . Keep in mind that the life insurance company may limit their permanent life insurance policies to designated contracts and not their full inventory . Unfortunately many permanent products are not competitive , so its very important in your purchasing decision for term life insurance to also consider the companys permanent product inventory in the event that you need to convert .

What Does Self Funded Health Insurance Mean?

Until recently when you heard the term `` self funded health insurance '' you could have safely assumed that you were talking about an employer sponsoredgroup health insurance plan funded either entirely through employer/employee dollars or a combination of these with some re-insurance policies included . In self funding the employer is taking on the risk for health care expenses either in full or in part -LRB- if re-insurance is involved -RRB- . Under fully insured arrangements the employer has no further financial risk after the monthly premium has been paid . The has been a tendency lately by some in the media and in government to use the term self fund or self pay interchangeably in relation to the purchase and ownershipof individual health insurance policies . By definition , even after the ACA , virtually everyone in the individual health insurance marketplace is a self payor by virtue of the monthly premium they pay but they are not self funded because they have passed off all risk after any plan deductibles , copays and co-insurance to their insurance carrier in exchange for their monthly premium .

That is a great question ! There are circumstances that will allow you to deduct your health insurance premiums on your taxes . Being self employed , medical payments that are a significant portion of your income , being a couple . With any question about taxes , I strongly encourage you to seek the advice of a tax professional who can give you the right advice for you . Thank you for asking !

How Much Is Renters Insurance On An Apartment?

Great question ! Unfortunately , a hard one to answer without more information . Where you live , the size of your family , the estimated cost of your belongings , the age and size of the apartment complex , your age , and even whether you smoke are all things that influence the cost of the insurance . I 'd recommend that you look at several companies in your area and shop for the rate that best fits your budget . -LRB- As a bit of advice , ask for `` replacement value '' when you shop . -RRB- Any further questions , please contact me . Thanks for asking !

Variable annuities may be appropriate for a high tax bracket long term investor with a desire for market returns with an understanding of the risk . A tax deferred variable annuity is a security and an insurance product . Because a variable annuity is a security , potential product purchasers need to determine their risk tolerance for market losses . High tax bracket , long term investors may also benefit from the tax deferral of variable annuities . A variable annuity has a general interest rate earning account and separate sub accounts using equity and bond investments . Policy expenses are deducted from premiums , i.e. net premiums . Net premiums are then invested in the either the general account or separate sub accounts or both . Net premiums invested in the allocations in the separate sub accounts that are either credited with gains or debited with losses depending on performance . Most variable annuities are purchased in a qualified or non-qualified plan for future income .

What Is Irrevocable Beneficiary Life Insurance?

Irrevocable beneficiary of life insurance means that the beneficiary of the policy can not be changed without the beneficiary 's consent . This differs from a revocable beneficiary , where the policy owner can change the beneficiary at any time . Irrevocable beneficiaries are sometimes used in policies where financial obligations are involved , such as using the life insurance to repay a loan , or to satisfy a divorce settlement .

This would be a good thing to discuss with your Insurance Professional as it relates to your particular policy . However , for the most part , standard policies provide coverage for your vehicle and for any private passenger vehicle you are driving while it temporarily replaces yours . In cases such as this , the coverage that you have on your policy would extend so if you have both Physical Damage Comprehensive and Liability coverage , this full protection would extend .

Does Health Insurance Cover Eye Care?

Routine eye care is not covered under your health insurance plan . Vision tests , corrective lenses , etc are not medically necessary and therefore not covered . Injury or disease of the eye would be a covered expense . Glaucoma treatment , cataract surgery , corrective lenses following cataract surgery would be a covered item .

Unfortunately no one can say for sure if annuity rates will in fact increase . We can assume that if interest rates continue to increase than we will see annuity rates increase since they are interest sensitive investments . But we can not say with absolutely certainty that this will happen and we also do not know when it will happen or by how much rates will increase .

Is Zoloft Covered By Medicare?

Zoloft is a prescription drug medication and would be covered under a stand-alone Part D prescription drug plan . It would not be covered by Original Medicare -LRB- Parts A & B -RRB- . You would need to check your plan 's formulary to see if this specific drug is covered and at what tier it would fall under -LRB- a prescription 's tier determines the cost to the insured person -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .

Many people need life insurance . Studies show that many people know that they need life insurance . People who love someone else need life insurance to ease the pain of a premature death . People who owe money need life insurance to fulfill their obligations . People who are looking to the future need life insurance to protect their ability to obtain coverage . My favorite though , is wives need life insurance . They are so very important in a family and widowers have such a difficult time when they lose their wife .

What Is The Best Life Insurance To Get?

That depends on what your life insurance needs are . If you are a young working adult , consider term insurance . You can get more insurance coverage for less money . If you are older , have health issues or are a low income earner , consider final expense insurance . These are smaller whole life insurance policies that are specifically designed to just cover funeral arrangements , burial plots , caskets , etc. . Final expense insurance is more expensive than term , yet still affordable in most cases .

Whole life insurance is a great vehicle for planning for the future . The premiums and death benefit remain fixed and guaranteed for life while the policy can build cash value at a great rate - this structure is known as a non-participating whole life policy . The other type is called participating whole life policy . These policies can pay out dividends which can be used in several ways : 1 -RRB- Decrease the premium - the premium would eventually hit $ 0 at some point and the policy would , in essence , be self-sustaining meaning the dividend is equal to or greater than the premium for the program -LRB- if greater , the difference can be used to increase the cash value or increase the death benefit . 2 -RRB- Purchasing paid-up additions - these additions increase the face amount of the policy . 3 -RRB- Increase the cash value at a faster rate . The question of whether whole life insurance makes sense for you depends on the need for the coverage . If you want to use it in the form of a retirement vehicle , you would want to take out the policy when you 're young to give it time to grow . If you are buying purely for the death benefit , I recommend you look at purchasing a Guaranteed Universal Life policy -LRB- these policies maximize the death benefit and minimize the premium as they do n't focus on the build-up of cash value -RRB- . If you only need the coverage for a set amount of time -LRB- e.g. 20 years -RRB- , then you may want to look into term life insurance . While whole life has many advantages , it is also the most expensive form of life insurance . Consult with an independent insurance broker to see which program will best serve your needs . Brokers can look at a variety of options from multiple carriers rather than just one . Send me a private message on here if you 'd like assistance with your program .

What Is The Best Life Insurance To Get?

The best life insurance to buy is the policy that will be in force when you die . There are reasons to purchase life insurance that has only a limited period of coverage but that should be carefully tied to the expiration of specific obligations . While the short policies have a much lower premium , it is the whole life policies that actually payout more because they dont expire before you do .

Most health insurance policies will not cover infertility treatments of any form unless required to by law . New Jersey is one of only fifteen states that mandate coverage for infertility . However the mandate applies to group plans and not individual coverage . Groups with 50 or more employees must comply , although there are many exceptions . Your best bet is to purchase a policy through your employer , or your spouse 's employer . The employer headquartered in NJ is most likely to offer want you want .

Does Renters Insurance Cover Guests?

I am not clear on your question but if you mean you as the tenant invite quests over say for dinner and they are injured you could be held liable and the renters policy would defend you . Also the guest may have some medical coverage under the guest medical portion of the policy . However if a guest is visiting and say for example their items are stolen then there is no coverage for the guest . The guest is responsible to have their own insurance for this .

In an annuity the company exchanges a sum of money for a lifetime of income . This basic contract is called a single premium immediate annuity . Every other annuity is a modification of this plan . Deferred annuities allow you to contribute towards an annuity over a period of years . During the accumulation phase , increases in value are not taxed until the contract starts to make payments . Every objection about annuities has been met with a new form of annuity until there is quite possibly something for everyone .

How To Become A New York Life Insurance Agent?

The first step when considering a career in insurance and financial services is to meet with an agent or manager . You should consider meeting with more than one organization since the initial position involves a lot of training , joint sales work and mentoring from the agency that you join . New York Life is a fine company but there are many others that can also provide entry into our profession . Ask a lot of questions to understand what support you can expect to receive and try to get a sense of the specific culture of that agency and the insurance company to ensure it aligns with your values and beliefs .

Medicare Part B pays for ambulance use when needed for an emergency , when used to transport the Medicare patient to a hospital or skilled nursing facility for necessary care , and when traveling another way would be dangerous to the health of the patient . Medicare will pay for non emergency ambulance use in some cases if ordered by the doctor .

How Much Does Basic Renters Insurance Cost?

Basic is a relative term and could many things to many people . In my area , with the carrier that I work with , I have seen a ten thousand dollar base renters policy around eight dollars per month . Please remember every carrier sets its own standards for base coverage and determines it 's own pricing model for the coverage it offers . Contact a local agent in your area to determine the coverage offered in your area and the pricing for that coverage .

If you mean a family member living in your household then the driver should be listed on your policy as an occasional operator . You can lend your vehicle to someone on occasion and they would be covered however keep this in mind : In most states the Insurance first follows the driver and then the vehicle . If the person you let drive your car has insurance and is involved in an accident , that persons insurance would pay . If they do not have insurance YOUR insurance pays , resulting in possible rate increases . My advice is NEVER lend your car to someone who does not have insurance !

How Much Does Basic Renters Insurance Cost?

Renters insurance is typically very inexpensive . I have seen coverage be as little as $ 7.00 / mo. . The cost for this coverage can vary greatly depending on many different factors , such as the amount of coverage needed , the age of the building being rented , the number of units in the building , and the geographic location of the building just to name a few . To get a better idea of the cost of this coverage , you really need to call your local agent and discuss your needs with them .

The simple basic answer is Group Disability Insurance is a plan which your employer offers as part of a benefit package . The other option is Individual Disability Insurance which is a plan you own yourself and will follow you if/when you leave your current employer . The differences are going to be the benefit that is provided . Individual plans are more comprehensive where the group plans are more cost effective -LRB- you pay less -RRB- and may be guaranteed . Individual plans can provide a benefit even when you go back to work if build into it . I would recommend comparing the differences or each to fully understand . If you have an option to get Group Disability Insurance , Take It ! You will pay pennies on the dollar . Then decide if you need additional and/or if it makes sense .

Do I Need Proof Of Insurance To Register A Car In Wisconsin?

As of today according to the Wisconsin Department of Transportation website there is not a requirement to show proof of insurance when registering a vehicle . Please do remember that Wisconsin does require all drivers to have an active automobile insurance policy with state statute minimum requirements . D.O.T. requirements can change . I would recommend either confirming the requirements on the state 's D.O.T. website or calling the local D.O.T. office .

There are two categories of non-qualified annuities are : tax deferred and immediate . Tax deferred annuities have three basic crediting methods : fixed interest rates , domestic/foreign indices and separate subaccounts using equity and bond instruments . Immediate annuities offer various distribution periods like 10 or 20 years certain and lifetime income on the annuitant .

What Does HMO Health Insurance Mean?

HMO stands for Health Maitence Organization . It is the most basic form of managed care that one can get . It is characterized by having a primary care phycisian PCP who is entrusted to effectively implement `` utilization management '' processes -LRB- cost containment procedures to effectivly deliver effective medical care -RRB- . One who has a HMO policy is generally called a member or subscriber , and must recieve a referal from their PCP before they seek specialist treatment . HMO 's also utilize `` networks '' that limit costs but can also limit ones choices when it comes to what Dr they can see .

If you do n't have the required type of health insurance , there is an Obamacare tax . Here 's an accurate short answer based on my 33 years of experience as a health insurance broker . The fine is a maximum of 1 % of household income or $ 95 per adult and $ 47.50 per child . These amounts increase each year . Do you have the right type of coverage to avoid the tax ? Allow an experienced broker to help you find out .

What Is Combined Life Insurance?

Combined Insurance is a company that sells supplemental life insurance coverage , in addition to other types of supplement insurance policies . They are a member of the ACE Group of Companies . Combination Life Insurance refers to a type of life insurance that combines other benefits into one policy . E.g. . It can be a combination of Term and Universal life , or add long term care type benefits onto a life insurance policy .

The premium for a million dollar policy will depend on your age , gender , tobacco status , health , build , and certain risk factors . It also depends on how long the premium is locked in . E.g. . The cost for a permanent policy would be more than for a term policy , because the premium is locked in for life . You can use a quote engine offering `` instant '' quotes to input some different variables to see what a million dollar policy could cost for you or others . Please converse with an agent by phone , email , or in person before purchasing your policy . Getting with the right company is important with a policy this large , because there is a lot to be saved when you get the lowest premium .

How Does Retirement Annuities Work?

There are two annuity retirement plans : qualified and non-qualified . Annuities are designed and should be purchased ultimately as an income strategy for your golden years . Qualified annuity payments are completely taxable at ordinary income tax rates . Non-qualified annuities are taxed as ordinary income on the policys gain , but not the basis . There are two distribution formats : withdrawals and annuitization . Lifetime annuitization credits the prevailing interest rate and adds the appropriate mortality credits for lifetime income you cant outlive .

The military offers their own group life insurance policy called SGLI -LRB- Servicemembers Group Life Insurance -RRB- . Servicemembers are automatically issued $ 400,000 of life insurance at a very reasonable cost , but they can choose to take a lower amount , or decline it altogether . Upon leaving the service , they can convert it to VGLI -LRB- Veterans Group Life Insurance -RRB- if they do so within a certain time frame .

How Much Does Health Insurance Cost In Massachusetts?

Health insurance rates for individual major medical plans vary greatly . Premium rates are determined based on a number of factors . In assessing a proper rate , health insurance underwriters will consider your age , gender , zip code , plan design and medical history . Some states currently have `` guaranteed issue '' rating processes that mean a carrier must issue a policy regardless of your health . And some states use a community rating guide . Community rated policies generally do not include adjustments for age or gender . Either one of these rating requirements can cause rates to be considerably higher than in states that do not apply community rating or guaranteed issue . Guaranteed issue rates are among the highest in the country and it is not unusual for premiums to be 2x higher than for a similar plan in an area that does not use the guaranteed issue process .

In regard to applying for a life insurance policy , the principal of life insurance is the applicant for life insurance , or the subject of life insurance . In regard to Return of Premium life insurance , the word principal can refer to the amount that is returned at the end of the term .

How Much Would It Cost To Add A Car To Your Insurance?

Great question , but I am afraid I have to say it depends . Each car on your policy will be rated according to who owns it , uses and how they use it , as well as the specific characteristics of the car itself . If you have only one car on your policy now you will be pleased to learn that most carriers offer a multi-car discount.The theory being you can not be driving both cars at once . Many agents and companies can do `` what if '' scenarios to price your additional car , and even if they do not have that capability , they can help you understand the differences that might exist between different makes and models . I would also suggest you also check the info from the Insurance Institute for Highway Safety as they test the car in crash situations to understand how a specific vehicle type will respond .

What type of mutual funds and annuities are we attempting to differentiate ? Product suitability determined by a personal financial profile that establishes risk tolerance and tax deferral as a priority , must first be developed . Keep in mind that annuities can have crediting methods that have market risk as well as mutual funds . The investors economic and product suitability is the determination , not comparing investments at a macro level .

How Much Would It Cost To Add A Car To Your Insurance?

Each car is rated individually . Your insurance company may provide discounts based upon the number of cars insured but the basic rate will be the same whether it is the first or fifth car written on the account . Most companies extend coverage to newly purchased cars for a period of time . When you apply for the ad car you will find the policy dated to the date of purchase .

Yes , you can purchase private disability insurance through a life agent . There are numerous carriers that offer disability insurance to all different types of occupations . Your agent should be able to provide you with quotes from several different carriers . If you 're a business owner , you can also purchase business overhead expense disability insurance or key person DI . For individuals , there 's also bank loan DI and retirement DI .

Is Life Insurance Federally Taxable?

Life insurance is federally taxable if the sum of the life insurance proceeds plus the value of the estate -LRB- Gross Estate -RRB- exceeds the federal estate tax guidelines . This year , $ 5,250,000 is exempted from estate taxes . If your estate is larger than that , you may want to transfer ownership of your life insurance to an Irrevocable Life Insurance Trust .

You can cancel by calling the carrier . It 's ashame to cancel , since that defeats the purpose of a `` whole life '' policy . Be sure to you 're aware of the implications . For example , there may be surrender charges or tax implications if you have a `` participating '' policy -LRB- in which you receive shares of the company 's operating profits -RRB- . You may have cash value in your policy from which you could borrow money -LRB- maybe that would enable you to KEEP your policy -RRB- . Bottom line : if you cancel , ask about the implications of your particular policy .

Is Life Insurance Federally Taxable?

Is life insurance federally taxable ? Depends . Life insurance usually is not subject federal income taxes as long as it is used and funded in the standard way . Life insurance cash values can be subject to income taxes if over funded creating a modified endowment contract . Some life premiums can be set up pre tax that create a taxable death benefit . There is a possibility of state and federal estate taxes depending on the size of the estate and ownership of the policy .

Considering most policies will only cover between 60-75 % of your income , you should be applying for the max benefit . You 'll want to take account of everything you pay for on a monthly basis , as well as the costs that will accrue if you 're unable to work -LRB- co-pays , assisted care , etc. -RRB- . Also , keep in mind that you wo n't be making any retirement contributions while your not making paycheck ...

Is Life Insurance Federally Taxable?

Life insurance proceeds are generally paid to the policy 's beneficiaries tax free . But proceeds that are left in the estate of the beneficiaries could be subject to estate taxation on the federal and state level if the total assets -LRB- including the life insurance -RRB- exceed the unified credit or state exemptions .

Different providers offer solutions for insuring your home and managing the cost of that protection . There are several things that you should be able to consider whenlooking for Home insurance and it is best to consult your insurance professional . Generally speaking , you may find that it is less costly to insure a newer home vs an older one . Choosing a $ 1000 deductible rather than a $ 500 or $ 250 , will reduce your premium . Install a central monitored security and fire system and that may save you about 10 % . Always ask about bundling your Home , Auto and Life insurance plans because these bundling plans can really save you money . Check to see if your carrier offers discounts for installing a new roof or upgrading your plumbing , electrical or HVAC systems . Finally , maintain your home . Fixing small problems as they show themselves will usually keep repair costs down . Maintaining your home andpropertyis also the best way to protect it from storm damage .

Is Disability Insurance Really Necessary?

Disability insurance is not necessary if you have enough savings to fund your lifestyle . Many people have student loan payments , mortgages , property taxes , and car notes along with expenses to feed and cloth their families . Plus , if the primary breadwinner is disabled there may be additional medical expenses . If you can afford to meet these ongoing obligations without an income , then you do n't really need a policy .

Great question ! The purpose of renters insurance is to protect you , in the event that your belongings are damaged , destroyed , or stolen . Let 's say your apartment catches on fire . The landlords insurance pays for the building your apartment is in , and your renters insurance pays for your things inside the apartment when it was destroyed . Without the renters insurance , you are at a loss to replace those things , as the landlords insurance wo n't . It is a good thing to have , especially if you do not have the money to start all over replacing everything that you had owned . If you have more questions , I 'll be happy to help , feel free to contact me . Thanks for asking !

Is Disability Insurance Really Necessary?

Is disability insurance really necessary ? No , of course not . It is only necessary if you do not have the available liquefiable assets on hand to use to replace lost income . Or if you desire not to sell assets for pennies on the dollar when you become disabled . Each person really has to decide if DI is really necessary for them . For most , it is .

The price of a life insurance policy will depend on several factors such as : age , gender , length of coverage or term and health rating . To give you an idea - a $ 1,000,000 , 20 year term on a healthy -LRB- preferred nonsmoker -RRB- 45 year old male will cost approximately $ 125 per month .

Is Disability Insurance Really Necessary?

Disability insurance is paycheck protection 24/7 , unlike workers comp , which pays for injuries experienced on the job . Social security disability can help , but in most cases its inadequate . It is possible that you may have short term disability through your employers group benefit plan . Still the combination of all three will generally fall short of sufficient coverage . The average American worker has 90 days in cash reserves . The average long term disability period is 30 months . The odds of being disabled during your working life are a statistical probability , more than death . Is disability insurance protection with 5-8 % of your pay ? You make the call !

To cancel any insurance coverage contact your carrier or your local agent and advise them of your intent to cancel your policy with them . You may be able to fax or email them a document with your signature with your intent to cancel the policy . Your agent or carrier may require that you sign their cancellation form so that they have it for their records .

Is Disability Insurance Really Necessary?

I would say yes . Your ability to earn income is likely your biggest asset , so what would you do if you lost that ability ? Some important things think about when trying to figure out if disability insurance is right for you is : 1 -RRB- If you became disabled , could you continue to pay your bills -LRB- mortgage payments , car payments , credit card payments , etc. -RRB- ? 2 -RRB- How long would your savings last ? 3 -RRB- Would you still be able to retire when you planned or send your children to college ? 4 -RRB- What happens to your bonus compensation and retirement contributions ? Could you keep paying the overhead expenses if you own a business ? Most disabilities are not work related and therefore not covered by workers compensation and it can be very difficult to qualify for social security disability as many disability claims are denied - even if you are approved for Social Security , the payments will probably be significantly less than you earn . Disability insurance can protect you from losing your income and is one of the most important types of insurance you can buy , especially for business owners , key employees , physicians , attorneys , and anyone who has family that depends on their ability to provide income . A big advantage with disability insurance is that when you have a qualifying claim that triggers disability payments , the monies paid to you are paid as tax-free income -LRB- as long as you paid the prmeiums with your after tax dollars - most people do -RRB- . Please note , when you 're looking to purchase disability insurance , work with an experienced , independent disability insurance agent who can work with you on a personal level to help you determine what program is suitable to your needs and budget -LRB- disability insurance policies are very customizable -RRB- . Make sure you pay attention to the language in the policy - most importantly the definition of disability . The definition of disability is the most important aspect of your disability insurance policy and you want to secure the best definition you can -LRB- `` true own occupation '' is very much regarded as the best definition you can have -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your disability insurance needs , including quotes and program comparisons , and if you have any other questions . Thanks very much .

Alex is right - the day you take ownership of the property . Sometimes the underwriting process can take a few days so you should allow one week to get things in order . If the insurance company is going to inspect the property as part of the policy conditions , this can even take up to a month to get the results back . Also , in PA most policies will start at 12:01 AM so if you are changing insurance companies make sure you keep this in mind .

What Is Evidence Of Insurability For Life Insurance?

Evidence of insurability is proof that you are able to be insured by a life insurance company . Some policies do not require any evidence of insurability . These may be group policies offered through one 's work , or guaranteed issue life insurance policies . Other policies may require a medical questions answered on the application , a paramed exam , medical records , and/or phone interview .

Life Insurance an insurance policy that can be a tax advantaged retirement plan if it is designed to maximize income and the policy owner is committed to keeping the policy in force for the life of the insured . There are four cash value accumulating life insurance policies to choose from based on your risk tolerance assessment : participating whole life , current assumption universal life , indexed universal life and variable universal life . One key design item is purchasing the lowest death benefit option that complies with TAMRA , a regulation that governs the contribution of premiums in relationship to the death benefit .

What Is Evidence Of Insurability For Life Insurance?

E of I -LRB- evidence of insurability -RRB- means before the issuing carrier will offer a policy or certificate you must first prove to them that you meet their medical underwriting standards . This is accomplished by completing a written application , sometimes a phone interview is required as is an exam by a qualified medical provider .

There are several reasons to considering buying Supplemental Disability Insurance . 1 -RRB- Group Disability policies usually pay 60 % of your income in event of disability , and if your employer paid the premiums , the benefits are taxed . Thus , the benefit you actually receive may be approx 45 % of your income . Supplemental Disability Insurance is not taxed and can possibly raise this benefit to 70 % to 80 % of your income . 2 -RRB- Any group benefit will be lost when you leave the group . Having Supplemental Disability Insurance can be valuable if you no longer qualify for Disability Insurance upon separating from a job and its group benefits . 3 -RRB- Group Disability coverage is often `` own occupation '' the first two years , then changes so that you will no longer receive your benefits if you can work at ANY job , not just your OWN type of job . Supplemental Disability Insurance can extend the own occupation feature to last longer than two years . You could also add other features such as a Cost of Living Adjustment rider .

What Are Homeowners Insurance Rates Based On?

Homeowners Insurance rates are based on ` RISK ' ! The risk is inclusive of the Reconstruction Value of the home , the age of the home , the geographic location of the home , the additional endorsements required by the customer and the deductible chosen . The first step is to calculate the reconstruction value , the next step is to select the requested endorsements and deductible and the third step is to qualify the home before generating the associated rate . Many carriers require the home to be within a certain distance of a fire station , fire hydrant and have protective features . Many carriers will not accept a home where certain animals known to have anaggressivetemperament reside . For a quote in AZ , CA , NV , you may obtain a quote at : WEBSITELINK For other States , you may wish to find a local agent to assist with a quote !

Most auto insurance companies provide auto insurance coverage in six month increments . There are some companies out there that do provide coverage from month to month . Typically the companies that provide coverage from month to month are more costly than those that rate by six month or one year period of time . Please contact a local agent to find out what policies are available in your area and their associated cost .

Can You Claim Osteopathy On Medicare?

Yes , you can claim osteopathy on Medicare . An osteopathic doctor is treated the same as a medical doctor by Medicare . The same guidelines for Medicare Part B and Part C apply : the care must be ordered by the doctor as medically necessary , and you must use a doctor who participates in Medicare .

The key issue with reduced paid-up life insurance is that there would be no further premiums required . The cash value would increase and the death benefit would remain level . The reason that the company has the ability to provide this benefit is because the cash value is already high enough in the policy to sustain this reduced amount until death occurs , regardless of when that might occur .

When Did Part D Of Medicare Begin?

The first Medicare Part D open enrollment period began Nov 15 , 2005 and ended May 15 , 2006 . Part D of Medicare , also called the Medicare Prescription Drug Benefit , went into effect on Jan 1 , 2006 . You yourself can join Medicare Part D from three months before your 65th birthday .

Renter 's insurance policies typically do not cover power outages since most of the resulting damage -LRB- if any -RRB- would apply to the structure . However , it is possible that you may have some coverage to spoiled food from a refrigerator losing power . However , appliances that no longer work is generally not covered . You should always , however , ask your broker .

Can You Deduct Cancer Insurance Premiums?

Cancer insurance premiums , along with premiums from other types of insurance , may be deductible depending on how you file your taxes and how the coverage is being used . A CPA or the person who handles your taxes would be the best resource regarding providing information that will explain your deductibility options .

It can take from hours to months to get approved for life insurance . There are some policies that you can apply for online and have in effect within a day . These have limits on the face amount and are on a `` pass/fail '' basis . For larger policies that will give you credit for good control of your health , the underwriter may order medical records to help him/her decide how to rate your policy . How fast your doctors return those records makes a big difference in how long it takes for your life insurance policy to be approved .

Who Does The Cheapest Car Insurance?

A great deal depends on the state . I have found going online and getting quotes is the easiest way to get prices . Most importantly make sure you are very accurate on your answers . I have personally found that the major carriers do the best . Such as Esurance , Progressive , Geico , and Hartford Insurance . You can usually purchase the policy right online .

Routine dental checkups , cleanings , dental x-rays , crowns , etc. are not covered under original Medicare -LRB- parts A & B -RRB- . You would need to buy a separate dental insurance plan to cover these benefits . If you have a medically necessary procedure completed in a hospital such as the repair of a broken jaw , then Medicare would cover it because it was an emergency situation . I hope the information is helpful - please feel free to contact me for assistance and if you have any other questions . Thanks very much .

Do I Need Connecticut Insurance To Register A Car In Connecticut?

The simple answer is yes , you will need to show proof of a CT issued car insurance policy in order to register your car . CT does n't particularly care about Comp and Collision coverage , but your finance company will . When you buy your CT insurance , you will receive an Identification Card that certifies that you are carying at least the minimum amount of Liability insurance that is required here , namely $ 20,000 per person , $ 40,000 per accident for Bodily Injury and $ 10,000 for property damage . As I said , this is the currentminimum requirement set by law . Talk to your insurance professional about other options that will protect you more fully .

PCN stands for Processor Control Number . In short , this is one of the identifcation codes related to your prescription drug plan that the pharmacy needs to determine if the prescription will be covered under your drug plan and how it would be paid , if covered . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any further questions . Thanks very much .

Can I Have Multiple Term Life Insurance Policies?

Yes , you can have multiple term policies . In fact , sometimes we will use multiple term polices in a clients strategy . For example , Let 's say you want $ 500k while the children are living at home . And after they move out , you only want $ 300k for about 20 years after . So if your kids move out in say 10 years , you might get a 10 year term policy for $ 200k and a 30 year term policy for $ 300k . This gives you $ 500k while the kids are home and then drops to $ 300k for an additional 20 years after they are out . And remember , there is a policy fee which you pay , which is built into the premium . Some companies will way multiple fees when you use a strategy like this , or as it is referred to sometimes , a layering strategy . If you would like to see any example of this might look like for you , feel free to reach out to me .

Renter 's insurance vary a lot so the only way to know for sure is to file a claim . With that said the ring is probably covered with a small sublimit of $ 1,500 or so and you would have to pay your deductible . If you need coverage for more than that you need to call/email your insurance company and say `` I 'd like to specifically schedule my engagement ring for $ X with a deductible of $ Y. Special causes of loss , replacement cost please . I have a picture , receipt and appraisal ready for you '' . That will assure that your engagement ring is covered to it 's full value , minus the deductible you choose and for the widest coverage possible .

Can I Have Multiple Term Life Insurance Policies?

Yes , you can . Sometimes people will purchase multiple policies in case their income stream drastically changes . If they only have one 500k and could n't make the full payment , the policy would lapse . However , if that same person has 2 policies for $ 250k each , they would be more likely to make at the payment on one of the policies . This way they are able to maintain partial coverage .

How much life insurance you should buy depends on what you want the life insurance to accomplish . If you want to protect you family and be sure financially they would be secure the you can cover that need . The amount needed varies depending on circumstances , but would be amount large enough to pay off debts , establish an emergency fund , an education fund and capital to provide income . An independent life insurance broker can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community .

Can I Have Multiple Term Life Insurance Policies?

Yes , you can have multiple Term Life Insurance policies . Let 's say you purchased a 30 year Term policy of $ 250,000 when you were in your early 20 's . Now you 're in your 30 's , have a spouse and a couple of children , and need more coverage to protect your family . You do not need to give up the excellent rate you have locked in on your current $ 250,000 policy . You can simply add a new policy to it .

Long term care insurance covers periods of assisted living at home and convalescent care in a nursing facility . The are two types of long term care insurance policies : indemnity and reimbursement . If elected , many long term care insurance policies also offer inflation riders as well to mitigate the rising cost of care .

Can I Have Multiple Term Life Insurance Policies?

Yes , you can have as many life insurance policies as you wish , as long as you qualify financially for the total amount of coverage you own . Sometimes , it can be more cost effective to take multiple Term life insurance policies , especially if you only need a small portion of the coverage for a very long time . Sometimes , it is better to combine policies , such as : if you used to smoke and no longer would be charged tobacco rates ; if the industry premiums are lower now than they were when you purchased a past policy ; if your had a health problem in the past that has since been resolved ; or if you are paying policy fees on several policies and can save money by combining all your coverage into one policy .

It is highly unlikely that a breast lift would be covered as such a procedure is generally considered cosmetic in nature . For such a procedure to be approved medical necessity would have to be demonstrated . There are some circumstances where back/neck/shoulder problems can be traced to very enlarged breasts and a case for medical necessity for breast reduction surgery has successfully been made . But , if you are just losing the battle with time and gravity you should not expect a breast lift to be covered by your health insurance .

Can I Have Multiple Term Life Insurance Policies?

That is a great question ! The answer is yes , and many people do , but there are limits . It is very common for people to increase their coverage as their lives change . Insurance companies recognize those needs , and will issue additional policies . They will limit what you can add though . Since the purpose of life insurance is to protect against loss , and not to get rich , the companies will limit the amount of coverage that you can ask for . I 'd love to know more about your situation , and why you want to add more term coverage , if you inbox me , I 'll tell you why . I hope that helps , thanks for asking !

Generally , assigning life insurance means the policy is a either collateral assignment or cash value restrictive endorsement . Some policy owners use the cash values and/or death benefit as collateral for banks or institutional recourse assets . Cash value restrictive endorsement is usually a temporary control of the policy as a pledge like vesting in a executive bonus plan .

Can I Have Multiple Term Life Insurance Policies?

Yes , absolutely ! The only thing the carriers will care about is whether the total death benefits for all of them combined exceed by too far , the amount of income you could be expected to earn over the course of about ten years . Thus if you are a typist , and you are requesting a total of $ 10,000,000 in insurance , you will be declined on the latter applications . They want to be sure you are not extremely over insured , giving you and incentive to commit suicide to benefit your family 's income . Thank you . GARY LANE .

Generally , you become eligible for Medicare when you turn 65 . You can see more from the government on this here : WEBSITELINK When you start on Medicare , that is the best time to get a Medicare Supplement Quote for a private insurance plan that pays the costs that Medicare , itself , does not cover . That 's what we specialize in . Feel free to reach out for help with a free quote .

Can I Have Multiple Term Life Insurance Policies?

Yes , you definitely can . I have clients who have 8 different life policies . They add them as their incomes increase . The only limit on the number of life insurance policies you may have , and that includes term life policies , is what your current income , assets and net worth may responsibly need . For example , if you earn $ 50,000 a year , you are not likely to be able to get a total of $ 10,000,000 in life policies . The carriers do not want to encourage people to commit suicide in order to bring unreasonable wealth to their families . However , you can ensure that your family has all the assets it needs to survive well after your death . Suicide , by the way , voids most policies IF it is done within 2 years of application . Thank you . GARY LANE .

A waiver of premium rider on life insurance waives the life insurance policy 's premium payments in case of disability . It allows the policy to stay in effect even if the policyholder is unable to pay the premiums due to becoming seriously ill and/or disabled for an extended period of time .

Can I Have Multiple Term Life Insurance Policies?

Yes you can , but there may come a point where the amount of coverage that you have combined may put you at a company 's coverage limit when they complete a needs assessment . In other words , Life Insurance Companies look at your financial circumstances with regard to income , investments , savings , debt etc in relation to the obligations you have to your dependents when considering your application for coverage .

As long as you are in good health and pregnant with no history of complications you are going to be considered insurable for underwritten individual life insurance at standard rates . Current pregnancy with complications such as gestational diabetes , toxemia , eclampsia or pre-eclampsia will likely result in a decline at most insurers .

What Does Fully Vested In Retirement Plan Mean?

When the employer contributes to the pension plan , they normally set up a vesting schedule . As an employee serves they are progressively vested in the pension plan and in particular to the contributions made by the employer . If the employee leaves the plan prior to becoming fully vested they can withdraw a portion or nothing , depending upon the vesting schedule . Fully vested means that you own 100 % of the pension plan benefit .

How much is life insurance for kids ? As few as a couple dollars a month upward . A parent can spend a few dollars a month and have a child rider attached to their policy and provide a small term policy for their child . Or a parent could spend a bit more and purchase a whole life or other cash value policy and create the first building block in a financial plan for their children . A big thing to consider with a child 's policy is buying the future insurability option . What this does very simply , is take away an insurance company 's ability to say `` no '' to your child later on in life if they wish to purchase additional life insurance . You may need to think about that one but how often can you think of any situation where you can take away an insurance company 's ability to say `` no '' to you ? The future insurability option LOCKS in a `` yes '' several times through your child 's life for a very small amount of premium .

What Does Fully Vested In Retirement Plan Mean?

Fully vested means that the contributions madeinto your retirement planbyyour employerare officially yours to keep . If you were 40 % vested according toa vesting schedule created around your plan , then only 40 % of the contributions made into your account by your employer is yours . And so on . Vesting schedules usually have a set period before you are fully vested .

I am assuming you are referring to a lifetime payout . If that is the case , a big advantage to an annuity with a life insurance company is its ability to guarantee an income no matter how long you live . This can be a big advantage when planning for retirement .

What Does Fully Vested In Retirement Plan Mean?

Fully vested in a retirement plan , means that the company contributions are not like your own . Some plans have restrictions on withdrawals in cash , but if you were to leave the employer and your contributions can be transferred to an approved plan . If you have any further questions , or feel that I could be of assistance , please do not hesitate to contact me .

Bankruptcy does not typically prevent a person from securing auto insurance . There are carriers that will provide coverage for clients that have experienced a bankruptcy . Typically you will be paying more for your coverage though due to the bankruptcy . Contact a local agent to discuss your coverage needs and concerns . They can also provide you with coverage availability and pricing in your area .

What Does Fully Vested In Retirement Plan Mean?

What does fully vested mean in a retirement plan ? What it means is that `` both '' your contributions and your company 's `` matching '' contributions or profit sharing deposits on your behalf are fully yours . The company can not withhold those funds upon separation of service be it for retirement , layoff or simply quitting the job and going elsewhere . Once you 're fully vested the account balance is 100 % yours .

The best life insurance policy is the one that is in force the day you die . To determine the cheapest life insurance policy you have to know which day you are going to die . Since that is unknown to most people , a whole life policy is actually the cheapest form of life insurance . Rarely does its cost exceed the money that your beneficiary will receive .

What Age Should You Purchase Long Term Care Insurance?

There is no perfect age that you should purchase long term care insurance . Naturally , the rate is lowest when you are younger . Of course , you will be paying premiums for a longer period of time . However , if you wait too long , you may become uninsurable or have developed a serious medical condition that substantially raiser your rates . But since you asked , as a broker that has been in the business for 32 years , assuming you can afford premiums , between the ages of 45 and 55 is ideal but this is just a generic answer . Each situation is different .

Term life insurance will usually provide coverage as long as premiums are being paid . Most Term policies are annually renewable after the years of the term end . The prices are very high , but if you choose to pay them , you will still have coverage . If your policy does not offer that provision , your policy will end when the years of the term have passed . E.g. . If you took out a 20 year Term policy , it will end when the 20 years have passed . Again . you must have paid premiums the entire time for the policy to stay in effect .

Where To Buy Renters Insurance Online?

For residents of Arizona , California & Nevada , Onlie Renters Insurance is available at the following link : WEBSITELINK Renters Insurance is a valuable form of protection for not only your Personal Contents but also Personal Liability Insurance which will protect you from a legal action brought against you for negligence ; these claims may occur as a result of a Fire , Smoke Damage or Water Damage claim where the insured is accused of negligence causing the claim and therefore possible damage to the building and/or other units .

There are many types of travel insurance plans from trip interruption due to an illness or emergency to medical or accidental death while traveling . Like any insurance policy it is a transference of risk . If you are taking a $ 10,000 family vacation and $ 8,000 is already paid as non refundable and if you had an emergency and had to cancel last minute and you would not miss the $ 8,000 , do n't buy insurance . However , if you or a family member were to become ill or injured in a foreign country , could you pay the tens of thousands of dollars it may cost for stabilization care and emergency medical transport . Most people could not . The cost of travel insurance for medical care and emergency evacuation or medical transport back home to the US is almost nothing compared to the risk of cost . My answer would be yes every time .

Where To Buy Renters Insurance Online?

Renters insurance is available on line through Insurance Browser Inc. for the states of AZ.CA , TX , and GA. . We 'll be glad to assist you in comparing multiple company quotes and the different benefits of each carrier . Renters Insurance is often required by landlords , but even if it was not we would recommend you carry protection for your valuable contents and protection of your assets through the liability section of Renters policies .

Besides the amount of life insurance you might want to purchase to supplement your retirement income ; or to help pay bills if you become critically , chronically or terminally ill ; you should consider the amount of final expenses you will have upon death . Perhaps you want to leave your home mortgage free for your spouse . You may want to pay travel expenses for your children living out of the country , so that they can afford to attend your funeral . Some people buy life insurance to pay estate taxes , or to leave an inheritance for grandchildren . There are many needs that life insurance can meet in a tax friendly way , even during retirement .

How Much Should I Pay For Renters Insurance?

How much should you pay for renter 's insurance ? It depends upon where you live and the type of coverage you want . $ 100 per year ? Maybe . $ 300 per year . That may be a competitive amount too . An experienced broker can shop and compare the best options for you and save you money ! There are many reputable carriers that can offer affordable options that will meet your budget .

You can get a good idea of the average for your area of the country by checking out the WEBSITELINK website . Under the ObamaCare -LRB- healthcare reform -RRB- program you might qualify for free or reduced costs on your plan , even on your deductibles . You may not ultimately decide to buy a plan through the exchange , but it 's great for seeing what the average cost should be , and to see if you qualify for a premium subsidy -LRB- which many people do -RRB- !

What Is 10 Yr Term Life Insurance?

That is a great question ! A ten year term policy is one that provides you with the specified amount of coverage for the ten years as defined in your policy . On the day your policy expires , you have no more coverage , and no cash value or benefit to take from it . You can renew your policy , but it will dramatically increase in price . Typically a policy like this is to insure against a short term loss , like covering a college career , or a mortgage , or to provide a cheaper form of life insurance when money is tight . If you would like more details , please feel free to contact me , okay ? Thanks for asking !

The death benefit of a life insurance policy is the amount of money that the life insurer will pay the named beneficiary -LRB- ies -RRB- upon the death of the insured of the contract . For example , if the stated death benefit of a policy is $ 1,000,000 . The the insurer will pay the beneficiary -LRB- ies -RRB- $ 1,000,000 if the insured dies while the policy is in force .

What Is 10 Yr Term Life Insurance?

Ten year term life insurance is life insurance that typically has the rate locked in for 10 years . Sometimes term policies are only guaranteed for the rate not to go up for part of the term . So do be sure , when you are comparing rates , to be sure that you are comparing policies that have premiums guaranteed not to increase for the entire term . It is a great temptation to buy ten year term life insurance because the premiums are so low compared to premiums for longer terms . However , if you need coverage longer than 10 years , it is usually a better idea to buy a policy with a longer term . Why ? Because , most likely , you are healthier now than you will be in 10 years . And at this time in history , life insurance rates are very low . So locking in historically low rates based on your current good health is almost certain to be a good deal for you for many years to come .

For long term savers and some investors in high tax brackets , the tax deferral feature to accumulate money is a significant reason for purchasing annuities . Tax deferred annuities have three crediting methods : fixed interest rate , index performance and separate sub accounts using equity and bond investments . Annuities have a variety of payout options like 10 or 20 years certain , even life time income .

What Is 10 Yr Term Life Insurance?

A 10-year term life insurance policy is a level benefit term life insurance policy that states that the premiums will remain fixed and guaranteed for 10 years . Term life insurance guarantees the premiums will remain fixed for a specific number of years -LRB- 10 , 15 , 20 , 25 , or 30 years -RRB- . After the initial period of premium guarantee expires -LRB- the term period -RRB- , the policy will be annually renewable and premiums will increase each year -LRB- based on age -RRB- . 10-year term policies seem like a great deal because they typically offer the lowest possible premiums for a given amount of coverage . One of the main reasons to buy longer is to protect your insurability and pay a small amount for a longer time instead of securing a new policy when you 're 10 years older and your health has changed . Creating a combination of benefits can often be a great idea -LRB- e.g. having part term and part permanent coverage or having part 10 year term , part 20 year term , etc. -RRB- Please let me know if I can be of further assistance . Thanks very much .

Life insurance that has a cash value is called permanent insurance . Permanent insurance includes all variations of Whole Life and Universal Life . Some policies have lots of cash value ; some have little to none . You need to look at the policy carefully when buying permanent life insurance . Term Life insurance rarely has a cash value . Return of Premium -LRB- ROP -RRB- Term does build up some cash value in the later years of the policy .

What Is 10 Yr Term Life Insurance?

Life insurance is sharing a risk . Since death is inevitable the only variable is when it will occur . A quick look at mortality tables will illustrate that the chances of death occurring increase with age . When the window of exposure -LRB- policy term -RRB- is short the possibility of an individual dying is lessened . If the consideration is cost it would seem that the 10 year term is a bargain . When the ten years are over and you have nothing , neither death benefit nor premiums paid , it may seem like less of a bargain .

Euthanasia may have different definition per circumstance : assisted suicide , physician assisted suicide or doctor assisted suicide . No life insurance company pays claims on suicide in the first two years of coverage . The vast majority of states dont recognize euthanasia . So the extrapolation here is that euthanasia that has any assistance by a third party will more than likely be classified as a form of murder or mercy killing . For further information seek out legal counsel .

What Is 10 Yr Term Life Insurance?

Unlike Whole Life Insurance , which will last for the rest of your life so long as you pay the premiums or pay them out of accumulated cash value , Term Life Insurance will last only for a specific number of years , regardless of your desire to pay the premium . Many companies will allow you to continue to have the coverage and pay for it , after that number of years , but the premium will rise each year , until it becomes impossible for most folks to pay . With ten year term , the premium is guaranteed for ten years . After that , many companies will continue to take your money and provide coverage , but the cost will escalate . To lock in a fixed premium , you need either Whole or Permanent Life Insurance , or Term Insurance for a very long period , such as 50 years -LRB- few companies offer more than 30 years -RRB- . Thank you . GARY LANE .

The cost of auto insurance will vary depending on a number of factors , including your age , where you live , the type of vehicles you drive and how good -LRB- or bad ! -RRB- your driving record is . If you are currently insured , that will also likely reduce your cost . A young single driver with multiple tickets and accidents is likely to pay the highest premium . And conversely , a married driver with a clean driving record will pay less . Of course , the coverage , including liability limits and deductibles will impact the rate . Specifically , monthly rates could be as low as $ 30 - $ 40 for some drivers and much much higher for others . The state where you reside will be a major determinant in the price of coverage . While a state such as New Jersey may have fairly high rates , other states such as Ohio will feature lower rates . To get a specific and accurate quote , an independent broker or a reputable car insurance website will provide prices from multiple carriers which will help you find the best deal . Whether you live in Arizona , Michigan or any other state , the quotes are free .

Does Life Insurance Cover Funeral Expenses?

Life insurance serves many purposes . Life insurance can be used to pay off debts of the estate , replace income , cover final expenses including unpaid medical bills and funeral expenses . In the case of life insurance on children -LRB- a much debated issue -RRB- the proceeds can provide a financial cushion so the parents do n't have to return to work the next day but instead will have time to grieve with dignity . Life insurance can also be used to replace the lost services of a non-working spouse . The most important thing is , to make sure the life insurance policy is in force when it is needed .

Qualified funds are funds that get special tax treatment through some particular provisions of the IRS code . IRA 's , 401 -LRB- k -RRB- 's and 403 -LRB- b -RRB- 's are all examples of qualified plans . It sounds like you have been making these contributions directly -LRB- ie : not through payroll deduction -RRB- , so your Variable Annuity is most likely an IRA . If that is the case it could be either a traditional IRA or a Roth IRA . The tax ramifications of your withdrawal will be different depending which type of IRA it is . As always , you should consult with your tax adviser before making any decisions . If you have a traditional IRA you most likely took a deduction on your tax return each year for your $ 1,200 contribution . If that is the case , the full amount of any withdrawal will be taxable . In addition you will pay a 10 % early withdrawal penalty since you are not 59 1/2 . If you have a Roth IRA you did not get a deduction on your tax return for your contributions . With a Roth IRA you can withdraw the total of your contributions without taxes or penalty . Any earnings that you withdraw will be subject to taxes and a 10 % early withdrawal penalty . If it is a Roth IRA you may want to consider withdrawing your contributions only . You can then leave the earnings in the account until you are 59 1/2 at which time they can be withdrawn tax free . I would reinforce that some seemingly minor details can have a significant impact on the effect of the withdrawal on your taxes . Please talk with your tax adviser before finalizing your decision as to what to do .

Does Life Insurance Cover Funeral Expenses?

The beneficiary makes the decision on how to spend the proceeds of life insurance . If you wish , you can make your funeral home the beneficiary of your policy , as to the portion for the funeral expenses for you . The balance can be used by another beneficiary , as they see fit , if you wish to have a higher benefit amount . Gary Lane , Registered Representative , New York Life . 949 797 2424 . Thank you .

One of the many benefits of life insurance is the easy process to borrow money from your policy . Call the insurance company and ask them to send the money to you . They will send a check or wire the money . There are no credit applications or credit checks and your employment status does not matter . Of course you must have enough cash in your policy to borrow from and still keep the policy in-force , but it is an easy process .

Does Life Insurance Cover Funeral Expenses?

The right kind of life insurance can be used to cover a funeral . Do n't count on paying for your funeral with term life insurance or insurance through your employer . The term will usually end before you die . The employer insurance is not a good plan for funeral planning because most people live to retirement age which is after the employer insurance ends . For funeral planning either buy a prepaid funeral plan from a funeral home or make sure you have at least 10,000 of guaranteed whole-life insurance . Either of those will work fine .

Each carrier has their own underwriting guidelines . When it comes to drug use , every carrier is going to be different and they will almost always ask for a drug questionnaire to be completed with the application . Some of the questions they may ask would be in regards to the type of drugs used , how often do you use them , any arrests , etc. . If you 're using drugs or have used them in the past , you want to shop the case through an independent insurance agent because you may get different responses from different carriers for the risk class they may consider for your policy .

Does Life Insurance Cover Funeral Expenses?

Yes , life insurance can be used to cover funeral expenses . Some policies are called funeral policies , but they are actually just Whole Life insurance with which you can use the excess that is not needed for the funeral , to cover other needs . Some funeral homes will allow you to assign up to $ 20,000 of life insurance to them so that it is not counted as an asset for Medicaid purposes .

I assume you are talking about rate increases . Claims and expenses are the most likely culprits if your auto rate has been increased . There are subtle changes that also can affect your rate such as a shift in boundaries for your rating area , but these are the basic issues that drive rate increases .

Does Life Insurance Cover Funeral Expenses?

Life insurance works well for covering funeral expenses . Life insurance does not go through probate , so you are able to pay the funeral home quickly . Most funeral homes are happy to work with you with final expense or pre-need life insurance policies . When you purchase life insurance for that purpose , your beneficiary can use what is left over to pay other bills .

There is no penalty I 'm aware of for `` switching '' insurers but there may be a penalty for terminating your auto insurance policy prior to its expiration date . The `` penalty '' is often 5-10 % of the unearned premium . The unearned premium is the amount the insurance company would have charged you for the coverage from the date you are cancelling to the date coverage would have normally expired . If you are `` switching '' insurers to achieve a significant premium savings or better coverage , the `` penalty '' should not be a major reason for delaying that decision .

Does State Farm Do Homeowners Insurance?

State Farm does write homeowner insurance in most States . There may be depending on the location of the home , the condition of the home , the type of homeand size of home restrictions on the policy . This would apply to all carriers not only State Farm . If your home is located in a brush area , some carriers may not write a policy , other carriers may charge a higher premium.You should contact an agent in your area and the agent will be able to sit down and discuss in detail what he/she can do for you . Good luck !

Yes , if you scratch your car , your insurance will cover the repair however : you will have to pay the deductible first , this will be on your `` record '' with the insurance company , your rates could be adjusted , being raised due to the claim , and , do you have the right coverage which you can file the claim ? You need to consider what the cost is versus the consequences of reporting the damage . The may cover it as well depending on what they see .

Can I Switch Home Insurance Companies?

This is a great topic for one peculiar reason . Many folks in the US have forced placed insurance . This is the mortgage company taking over responsibility for securing coverage when you as the property owner have failed to do so . The main problem is that forced placed insurance is usually very expensive and imposed on the least educated consumers . Take charge your life and buy your insurance wherever you find the right coverage at the right price . Be as diligent in pursuit of a '' good deal '' on your homeowners insurance as you would on auto insurance . There are substantial variations in the coverages under a homeowners policy much more so than on an auto policy : here is why : Auto insurance protects you in your involvement with others so the greatest protection is for damages , Bodily injury or Property Damage that you do to others . So you are more often dealing with third party -LRB- the first party is the you , the second party is the insurer , and the third party is the one you injure -RRB- . Section II of a homeowners policy involves third party liability , but most of the property losses in general are first party payments by the insurer . Your house is hit by a tornado , Your insurer has to respond to you ! so , look at the nuances of coverages offered by insurers . They are many : including such things as scheduled property , water and sewer back up , automatic extension of dwelling limits , law and ordinance coverage , mold remediation , and so on . If you do n't understand the coverages offered ask your agent for an example of how a coverage would be used . An educated consumer is a better consumer .

The purchase of life insurance is a personal matter . My suggestion is to ask your colleagues , neighbors and friends for a recommendation . Make sure you are comfortable with the agent . Make sure the agent is honest with you and with the company that is represented . Listen carefully to the advice the agent gives .

Can I Switch Home Insurance Companies?

Always . You do n't have to wait for your renewal date , either . Whatever happened that makes you want to switch does n't matter . It 's your home and your choice as to whom you choose to insure it . Just be sure to go about it in the correct manner . The first step is to find a new agent , one you can trust . It does n't really matter if it 's an independent agent or an agent that only writes through one company . Most good companies wo n't be that far apart so choose your agent first . Find one that cares and can explain everything to you and take their advice . Then you can cancel your current policy . The correct way to do this is to write them a letter requesting the policy to be cancelled and choose the effective date of the new policy . They 'll cancel your policy and send you back any unused premium . This will usually take a week or so before you receive your refund check .

Tax deferred indexed annuities can have access to domestic and foreign indices which have the potential to generate returns without the losing money based on negative performance . However , like all savings and investment vehicles , annuities have policy expenses , so you could experience a loss in a non crediting year . Indexed annuities have three crediting methods : spread , caps and participating . The most popular indice is the S&P 500 . One last point : indexed annuities owners generally dont participate in dividends .

Can I Switch Home Insurance Companies?

You certainly can . Work with your insurance professional to arrange the easiest transfer of coverage available to you . If you pay on a monthly billing account , the process should be quite easy . If your policy is paid by an escrow account annually from your mortgage company , it is a bit more complicated but still can be done . Remember , you are never locked in . JUst be aware of the strength of teh insurance company that you have because you do n't want to switch to save a buck then find out down the line that you are not covered for something that you need .

It depends . Mild cases with little or no difficulty with activities of daily living are likely insurable . If in remission , the longer the remission the better the offer will be . Where the disease is either stable or progressing slowly , a rated offer can usually be obtained in moderate cases with some muscle weakness , difficulty walking , and moderate difficulty with activities of daily living . However it may not be possible to obtain an offer in later stages , with severe cases or where the disease is progressing rapidly . Offers from insurers may vary so consult with a life insurance professional who can shop the market for the best results .

Do I Need To Apply For Medicare?

You do not need to apply for Medicare Part A . It will be given to you at no cost when you turn age 65 if you have paid social security taxes for 10-years or more or qualify from your working spouse . Part B will come automatically if you are collecting social security when you turn age 65 . You can opt out of Part B if you do n't need it yet and have other coverage . If you want Part C you will have to apply for it . Part D you need to apply for .

There are many , many companies that offer disability insurance . Just to name a few ... Standard Insurance , Principal Financial Group , Mutual of Omaha , Lloyds of London , Ameritas , Assurity , and Mass Mutual . If possible , purchase disability insurance through an agent who uses a wholesale distributor . That way , your agent can provide you with quotes from multiple companies , rather than just one .

When Do You Need To Get Home Insurance?

Homeowners ' Insurance will be required by your Mortgage Company in order to schedule the closing of the sale . Some require that the subsequent year 's premium be collected in your monthly mortgage payments and held in an escrow account until billed , others do not . In all cases here in Connecticut , you will be required by your mortgage company to pay the first year 's premium in full .

When you cancel your Whole Life insurance you are given the option to take the cash value that has accumulated , or to turn your policy into a reduced paid up policy . If you choose the latter , you will not owe any more premiums but will still have some life insurance coverage .

Can Car Insurance Be Cancelled Without Notice?

In a word , no . I assume you are talking about an insurance company cancelling a policy . Insurance is regulated by each state 's Insurance Department and the laws within that state . Here in Connecticut , if a company is going to cancel or non-renew a policy , then they are required to give 30 day 's advance notice of that action . Check your state or talk to your Insurance Professional , but I suspect you will find that to be fairly standard .

When there is an occurrence that isnt expected or intended by the owner to the roof there is probably coverage . This coverage means payment for physical injury to tangible property and this includes the loss of use . Many companies adjust a roof claim by the life of the roof rather than the replacement cost .

Where Can I Go To Start A Roth IRA?

That is a great question ! You will find that almost any bank will have Roth plans that you can start up , most credit unions will also . You will also find brokerages offering them , places from Ameritrade to Merrill Lynch will all have plans that you can open up . Thanks for asking !

There are many sites where you can get instant health insurance quotes online . When you visit a page that provides online quotes , you follow the prompts on the screen . However , when it comes to health insurance , I always recommend consulting with an experienced broker because of all of the moving parts involved and it can be difficult for some to compare plans.You can run instant health quotes on my website if you 'd like -LRB- link available on my profile page -RRB- as well as other types including life , disablity , senior insurance , etc. . Please let me know if I can be of further assistance . Thanks very much .

Where Can I Go To Start A Roth IRA?

Many financial companies offer Roth IRA plans . The difference between various Roth IRA plans is the investment vehicle being used . Some plans will offer variable products where the return on the investment will depend upon the performance of a group of securities while others offer the absolute security of guaranteed interest .

Rates can go up because of claims in your area , or the insurer 's perception that those claims will be increasing in number or size . Many people qualify for subsidized premiums under the Affordable care Act . Check out WEBSITELINK or call them at 1-800-318-2596 . Although some areas have seen rates increase , nationwide we are in the fourth year of the lowest health insurance premium increases in 50 years . This reduction in increase is attributable to the Affordable Care act . Most specifically because many people who were previously un-insured will now be paying into the system , instead of having their cost of care shifted to those who do have insurance . I suggest a High Deductible Health Plan with a Health Savings Account . It can help you out on premiums when you are healthy and you set a little aside every year for when you do have an unfortunate medical event .

Which Life Insurance Is Best Term Or Whole?

That depends on who you ask and your personal situation . Term life insurance can provide you with larger amounts of coverage at a lower cost but is only active for a set period of time . Whole life on the other hand will technically be considered paid up at age 100 or 121 typically and will normally build some cash value over time . There are many more reasons for each type . Please contact a local agent to discuss your specific needs and wants out of a policy so that they can provide you with the best options that they have available .

Life insurance in force means the sum of the value of all of your life insurance policies , including dividends paid . It also refers to the final stage of the life insurance application process . After the policy has been approved , issued , paid and all delivery paperwork returned , your life insurance policy is officially put in force .

What Is A Collision Deductible For Auto Insurance?

Your deductible for your collision coverage of your auto insurance is the amount that you are responsible for of the total amount of any claim for that coverage . Collision auto insurance is coverage for your vehicle should you be involved in an accident . 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 .

Yes it does . Be sure to discuss your policy coverage with your Insurance Professional before your trip , but in most cases , your personal property will be coveredwhile you are enjoying your vacation . The amount of total coverage may vary but in general , it is 10 % of the stated Personal Property amount listed in your current policy contract . Any loss would be subject to your deductible , of course , and your advisor may point out that certain classes of property like cameras , jewelry etc may have limitations . Insuring your higher value items specifically either as a rider or on a separate policy can eliminate any coverage limitations and actually provide more comprehensive coverage so it would be a good idea to include that in your discussion with your insurance professional as well .

What Is A Collision Deductible For Auto Insurance?

Collision coverage almost always involves a deductible . The deductible is the amount of the claim that you must personally pay for the company to pay the balance . While the application may vary , a common technique is for you to receive a check from the insurance company that requires both your signature and that of the owner of the repair shop . The check will be less than the total expense of the repair . The difference is your deductible . The repair shop will require the insurance company check and the balance from you .

For the self-employed , selecting a retirement plan is a question of your total income and ease of administering the plan . If youre not making that much money a simple individual retirement account -LRB- IRA -RRB- or Roth IRA should suffice . But if youre making six figures or more you may want to look into a Simplified Employee Pension Individual Retirement Arrangement -LRB- SEP IRA -RRB- that can contribute up to 25 % of your income with a cap limit of $ 51,000 for 2013 .

What Is Wrong With Variable Annuities?

Product suitability is an important item to establish when considering a product purchase . One helpful tool is creating a personal financial profile with a risk assessment and financial timelines . When considering annuities , you should known your tax bracket to calculate the power of deferral to see if it has value for you . And like all products , annuities have policy expenses . Make sure you know the price tag for the annuity you purchase .

My interpretation of this question is , `` What are the advantages of Permanent Life insurance versus Term ? '' Some features offered by some permanent life insurance policies , that are not offered by most term policies , are as follows . Keep in mind that the policy itself , and how the transaction is carried out , can affect whether these advantages are realized . 1 -RRB- Cash value that can be borrowed from in a tax advantaged way , while still retaining the death benefit . 2 -RRB- Cash value that can be collected if the policy is relinquished . 3 -RRB- Lifelong protection . 4 -RRB- Ability to pay the policy in full in a reduced period of time , so that no more premiums are owed . 5 -RRB- Ability to change the policy to a reduced paid up policy , so that no more premiums are owed . 6 -RRB- Ability to put sums of money into the policy to grow in a tax advantaged way . 7 -RRB- No need to renew the policy . 8 -RRB- Guaranteed level premiums for life . 9 -RRB- Possible collection of dividends or increasing face amount . 10 -RRB- Assurance that the policy will be in effect for funeral , burial , estate transfer , estate taxes , and other needs that are permanent in nature .

How Can I Lower My Home Insurance?

There are ways to reduce your homeowners premium . Especially if the policy has been in force for a few years , ask your agent to get a newer estimate on the cost of reconstructing your residence . The policy often has an automatic annual increase provision to cover the increased cost of construction . This occasionally increases coverage faster than necessary . The one step that I want to discourage you from taking is to reduce the amount of liability coverage . A lawsuit could ruin you financially .

As an experienced Ohio health insurance broker since 1980 , I 'll try to help . If you are referring to Medicaid , your household income determines your eligibility . If you meet specific income guidelines , you will qualify , and of course , the cost will be nominal , if anything at all . You may also qualify for a large federal subsidy of your income is over the threshold for Medicaid eligibility . In that situation , you would be able to obtain comprehensive health insurance from a major company at a very low rate . Below is a chart that provides income levels for Medicaid eligibility : WEBSITELINK

How Can I Lower My Home Insurance?

Talk to your Insurance Professional about any and all discounts that may be available to you . One of the best ways is to take advantage of bundling opportunities by insuring your cars , an Umbrella Liability policy , any watercraft or motorcycle as well as life Insurance with the same company . Keeping ahead of maintenance will also help . Companies sometimes offer discounts for putting on a new roof or upgrading electrical , plumbing or HVAC systems . Having a monitored alarm system installed and increasing your deductible will also result in saving .

Is an indexed annuity a fixed annuity ? No , not usually unless provisions exist within the indexed annuity to mimic a fixed annuity . With a fixed annuity you 're provided a set interest rate for the year from the insurance company . It is up to the company to come through as they 've committed themselves for that outcome . An index annuity on the other hand , has potential for a variety of returns established by the policy owner . A return could be as high as 10 % for a year or zero percentage based on how the individual creates the policy .