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Will Medicare Pay For Shingles Shot? | Medicare Part D will pay for shingles shots . The Medicare Prescription Drug Plan , or a Medicare Advantage Plan with Prescription Drug -LRB- MA-PD -RRB- , are used for shingles vaccinations . These will pay both the cost of the vaccine and the cost of administering it , when using a Medicare approved provider . | Medicare Part D provides prescription drug coverage . If you 're referring to physician services , this would be provided under Medicare Part B -LRB- your physician insurance -RRB- . You can find out information about all aspects of Medicare Part D on the Medicare.gov website - you can also contact an insurance broker for help as well . |
Can You Get Life Insurance On A Non Relative? | You can get life insurance on a non relative if you have an insurable interest in that person . E.g. if you and your boss have been talking about you taking over the business someday , you could take out a life insurance policy on your boss so that you are able to purchase the business in case of his death . Or perhaps you loaned a neighbor money to rebuild his house after a fire . You could take out a life insurance policy on your neighbor of the amount that you loaned him , so you would get repaid if something happened to him . | The 1st thing you need to think about is what you can afford for the cost of insurance and also what can you afford to loose id you have inadequate coverage . Each state varies for the amount of liability that you are required to have . In Montana the limits are 25K per person -LRB- medical payment to others -RRB- 50K per accident and 10K for property damage which if you think about it that is not much coverage in the event of a major accident . Then you need to take in the factor of uninsured and underinsured both are fairly inexpensive and well worth the few dollars it is a month here in our state 1 in 3 cars has no insurances your odds of an accident and getting hit by someone with no insurance is high . Laws in most states require you to have the state minimum . I recommend the higher limits then what state requirements are however . You also have a budget in mind It does no good to buy a policy with higher limits if you can not afford the monthly payment . So it really depends on what you can afford to loose and what fits your monthly budget.I recommend talking to a local agent and seeing what they have for rates as a independent agent can compare rates with many carriers and can help you muddle through the confusion . |
What To Look For When Choosing Homeowners Insurance? | The first thing I recommend looking for is appropriate coverage . Your homeowners insurance should have enough dwelling coverage to cover not only the cost of rebuilding your home , but also cover the clearing and removal of debris is your home is destroyed . All too often , I see homeowners policies that ONLY cover the cost to rebuild . If you do n't have enough to clear the debris , you could get stuck with that cost yourself -LRB- and that cost is in the neighborhood of $ 30,000 ! -RRB- . If the cost to rebuild your home becomes MORE than your coverage , is there anything in place to help pay for that ? For example , Farmers Insurance will include an extra 25 % of the dwelling coverage . So , if your home coverage is $ 100,000 , and it ends up cost $ 125,000 to rebuild your home , Farmers Insurance would pay that amount -LRB- minus your home deductible -RRB- . The final thing I would point out would be the deductible . In many cases , if you have never had a claim , you can have a lower deductible . However , many insurance companies are moving to a higher deductible model -LRB- usually as a percentage of the dwelling coverage -RRB- . So , if your dwelling coverage is $ 200,000 , your deductible would be 1 % of the dwelling , or $ 2,000 . I recommend finding a company that offers a deductible you feel comfortable paying . | There are several different types of life insurance available . Term Insurance , Universal Life , Indexed Universal Life and Whole Life are the main types . Term life insurance will be the least expensive but it also offers the least flexibility in many ways . Term is just that - a definitive length of time . If you buy 10 year term and you die 10 years and one week later , it pays your beneficiaries nothing . Universal Life can last your entire lifetime with little or no cash build-up inside the policy . Indexed Universal Life and Whole Life can have significant cash build-up inside the policy which can be accessed through policy loans . This can be part of your strategy on paying for college , buying something major in your life or supplementing your retirement income . The cost of life insurance is determined by the amount of coverage desired , age , gender , medical history and the results of a paramedical exam . There is no cost to you for applying or for the paramedical exam - the insurance company covers those costs for you . By way of example , a non-smoking 25 year old female in excellent health , rated Preferred Best can get $ 250,000 of 20 year term for about $ 135 per year . I recommend you contact a knowledgeable , independent life insurance agent who can explain the different types of life insurance in more detail and help determine which is most appropriate for your needs . An independent agent will be able to let you pick from dozens of insurance companies available . |
What To Look For When Choosing Homeowners Insurance? | Look for the right agent . Ask your colleagues , neighbors , friends and family . Work with someone you can trust . Make sure they get accurate information from you and transmit that to their home office . Make sure that the policy you receive is exactly what you ordered . This agent should provide you with an estimate of the cost to rebuild your residence , review that carefully . The agent should also make a recommendation about optional coverages such as water damage and law and ordinance coverage . Finally , but probably most importantly the agent should advise you on an appropriate amount of liability insurance . A lawsuit could exceed the value of your home and that would be miserable . | When term life insurance ends , the premium rises drastically or the policy simply ends . When the premium rises at the end of the term , it is no longer locked in and can raise annually . Rather than wait for the term to end and the premium to jump up , you might want to look into converting your policy to permanent life insurance . Whether you convert your policy to permanent before the term ends , or pay the new annually renewable premium at the end of the term , your premium will be substantially higher . But by converting you can lock in your premium for a longer period of time . |
What To Look For When Choosing Homeowners Insurance? | A home is typically the largest purchase one makes . And as such caution needs to be exercised when choosing an insurer and agent/broker . You will want to first start with companies you knoware prominent in the area and sound financially . There are resources online to verify finanacial stability -LRB- A.M.Best -RRB- and consumer satisfaction -LRB- J.D.Powers . -RRB- Then talk to a few insurance professionals . Ask family and friends who their professional is to start . The one or several that take the time to survey your home and sit down with you to learn your needs and wants and review all the available options with you will prove your best bet to having the appropriate coverage at the best possible price . | Universal Life insurance , also known as UL , is a form of permanent life insurance . A UL can be designed to last your entire lifetime . Because age is a critical element in the formula for figuring the cost of Universal Life , if you purchase a UL when you are young , the low rate you pay can be locked in for life . Term life insurance has a definite end . If you purchase 20 year term life insurance it will last 20 years . If you were to die 20 years and one day later , your coverage would have lapsed and no death benefit payout would occur . If after the first 20 year term you decided to get another term policy , you have to re-qualify by having another medical exam performed . Your age and possibly even changed health conditions would cause the cost of this new term policy to be considerably higher . Some types of UL policies can have a cash build-up inside them adding a savings component to the policy . The cash value grows tax deferred and can be used along life 's path for just about anything you deem appropriate including college education and even a retirement income stream . Speak with a qualified independent insurance agent to learn which type of life insurance will work best for your individual situation . |
What To Look For When Choosing Homeowners Insurance? | You should look for an agent who will visit the property before doing an application . This is necessary so they can tell you if there is things the insurance company will require that could affect your rate or could cost you a lot of money to repair/replace . The agent should go through the included coverage in detail and give you an expection of how to contact them - even after hours - or the insurance company directly . They should also walk you through the claims process and what to expect if something bad happens . | This is really a matter of personal preference . While the lower cost associated with HMO plans can certainly be appealing , anyone with an HMO only has coverage when they are using a medical provider in their network . If having your choice of doctor is important to you , and your chosen physician does not work with an HMO , or if you travel extensively and may need coverage away from your home area , then you will more than likely find the additional cost of a PPO to be very worthwhile . |
How Much Critical Illness Insurance Do I Need? | The best way to answer this is to first determine what you are wanting to cover . For example , are you looking for paying the mortgage with this benefit and for how long ? Do you need to replace income , and for how long ? You get the idea . You can get up to $ 500,000 of coverage generally speaking if you have the budget for it . Neil makes a great point about bankruptcies . Those are accurate statistics . | Your question is really pretty vague . Cover the son , how ? Does he live at home ? Is he away at school ? Does he live in another residence ? Is he EXCLUDED from your policy ? Do you have a NAMED DRIVER tpe of policy ? Coverage can vary from State . In Texas , an insured party is defined as Named Insured -LRB- policy holder -RRB- , Spouse and residents of the household . There are provisions for permissive users -LRB- you give them permission to drive your car on a TEMPORARY basis . -RRB- When in doubt ... be sure to list him as a driver on your insurance policy . This way , you will KNOW that he is covered . |
How Much Critical Illness Insurance Do I Need? | There seems to be lots of questions revolving around `` how much insurance do I need '' . Without having a crystal ball , it 's impossible to answer . Critical Illness generally encompasses heart attack , stroke , cancer , renal failure , etc. . If that happens , you will have extra expense -LRB- out-of-pocket expenses , possible travel , etc -RRB- . But will you also have lost income?Approximately 65 % ofbankruptcies are due to medical bills . And about 60 % of the people that went bankrupt HAD HEALTH INSURANCE ! | There can be various factors such as a company 's loss experience over all or whether you may have filed a claim with your own Homeowners Insurance Company . However , generally speaking even if neither of those examples are a factor , it is possible to see a little increase in your policy each year because most insurers policies include an `` inflation guard '' which automatically increases the stated dwelling amount each year . With the increase in coverage , there will be a reflective increase in premium . |
How Much Critical Illness Insurance Do I Need? | Long term care is running between $ 36,000 and $ 80,000 per year on average these days . The qualifier for critical care is typically when a person is unable to perform 2 or more of the 6 daily basic tasks unaided . So how much critical care insurance do you need ? That would depend on how long you might need long term care . When you purchase LTC insurance as a stand alone policy it can be very expensive . However you can add a LTC rider to many life insurance products at a very reasonable cost and that will avail you of 80 % or more of the face benefit of the policy if needed for long term care . | The value of a whole life policy is not based upon the stock market . It is a legal contract in which the company assumes guarantees for the death benefit , cash accumulation and price . Declining markets do not affect those promises . A whole life policy is a stable part of a financial plan . A whole life insurance policy performs quite well when compared to other high-quality , fixed return investments . Whole Life also has significant income tax advantages , the greatest being that the full face amount can pass to your beneficiary free of income tax , and could escape estate taxes . |
How Much Critical Illness Insurance Do I Need? | Critical Illness Insurance pays a lump sum benefit if the insured person is diagnosed with a life threatening illness such as stroke , advanced cancer , Alzheimer 's , organ transplant , coronary bypass , and others . Each policy has different criteria , and some pay out reduced amounts for illnesses that are not as advanced . It is difficult to anticipate what benefit is needed before the event would actually occur , and seems more like a personal preference . | Health insurance premiums tend to go up over time . You can use them and not see an immediate increase . The increase tends to come at renewal time . And even if you have n't used it you may still see an increase . It is best to be prepared for a rising cost in health insurance . |
What Is Reliance Life Insurance? | Reliance Life Insurance Company is based in India . It looks like they have a nice portfolio of products/options for customers to choose from and work with . The include , of course life insurance , a term life , savings and investments , retirement plans , child plans & health plans plus more which I have not looked at . I would encourage you to look this company up online for all the full details . | Yes , you can get life insurance at age 60 . Some policies that are popular with 60 years old 's are No Exam , Whole Life policies that can be used for final expense purposes . Other popular options are competitively priced Universal Life policies used in estate planning , business succession , etc ; or Term policies to cover debts or get the last of the kids through college . |
What Exactly Is A Deductible In Health Insurance? | A health insurance deductible is the amount you must pay before your benefits `` kick in '' and begin paying -LRB- for most services - some benefits , such as preventive care , provide coverage immediately -RRB- . The deductible amount varies by plan . For example , under the new Affordable Care Act , a catastrophic plan may feature a $ 6,350 deductible , a bronze plan may feature a $ 6,000 deductible , a silver plan may feature a $ 3,000 deductible , a gold plan may feature a $ 2,000 deductible , and a platinum plan may feature a $ 0 deductible . These figures are not the same for all plans on each metal level . It 's always helpful to consult with an experienced health insurance broker when you 're looking for coverage . Brokers have the knowledge and experience to help you determine which carriers ' plan will be most suitable for your needs . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . | Fixed rate annuities pay a stated return -LRB- interest credit -RRB- on the net deposits held by the carrier . Some plans will guarantee an interest rate for a period of 1 - 5 years . They may also illustrate a projected rate with a disclaimer that your actual rate may vary . Most plans have a minimum guaranteed rate . |
When Is A Good Age To Buy Life Insurance? | Purchasing life insurance when youre health is an optimal time to buy , but you need to provide a justified reason to purchase it and your beneficiaries need to have insurable interest . Most young married couples buy life insurance to indemnify each other because of their debts : student loans , credit cards , mortgages , car loans etc. . | Life insurance is a simple contract . In exchange for you paying the premiums , the company promises to pay your beneficiary a certain sum when you die . If the company decides to exclude anything they notify you in the contract -LRB- suicide -RRB- and often will require that an amendment be signed to verify that you understand any additional exclusion . |
When Is A Good Age To Buy Life Insurance? | Any time is a good age to buy life insurance , if you have a need for life insurance . If you have poor health there will be fewer choices and the price will be higher . But persons with poor health often have a great a need for life insurance , and are relieved to find a product that can pay their loved ones more than they are able to save up for them . | My company is endorsed by Dave Ramsey so I never get this question since our company only sells term life insurance , mutual funds , and annuities . We first help our families with a financial plan that takes a snapshot at where they are now financially and then we attack their debt including their mortgage . Since most of my clients are underinsured with higher price whole life coverage.We get them the right amount of protection for 20 to 30 years that will pay off their debt and replace an income for the beneficiaries for at least 10 years . Then we look at their present saving and retirement plans and help them to get the most out of their savings program . It 's simple ! |
Does Renters Insurance Cover A Hurricane? | Hurricane damage is covered in most renter 's policies with exceptions and limitations . Damage to the landscape may have incidental coverage . Certain items of personal property -LRB- money , jewelry , silverware , guns , for example -RRB- are subject to limits in the policy . If the damage is sustained due to flood , waves or an overflow of water that enters through an opening in the house or even through the sewer , damages may not be covered . If the direct cause of loss is power interruption , damages may not be covered . | The are several qualified defined contribution retirement plans available for to consider . Here are some plan contribution limits for 401 -LRB- k -RRB- , 403 -LRB- b -RRB- , most 457 plans and Thrift Savings Plan contributions are $ 17,500 for 2013 . The catch-up contribution limit for employees aged 50 is $ 5,500 . The limit on annual contributions for IRAs is $ 5,500 . |
Does Renters Insurance Cover Dog Bites? | Your renters insurance policy has a personal liability coverage which may cover a dog bite depending on several factors . The most important is that the type of dog was not an excluded breed by the insurance company and the dog does not have a bit history . Otherwise you should be covered . I recommend you further discuss your specific policy coverage 's with your agent . | Absolutely . Renters Insurance is often extended to things like storage units , automobiles , property in your luggage while you are on a trip . Many people are unaware of this and therefore usually end up with a loss not knowing that they could file a claim . Please contact me for more information |
Does Renters Insurance Cover Dog Bites? | Yes it does . You have liability coverage on your Renter 's policy . It usually comes with $ 100,000 of coverge which would cover a dogbite . This is why the agent will ask you if you own adog and what kind . Many companies will not insure you if you own certain breeds such as Pitbulls or Rottweilers . | There are just too many factors to determine which life insurance would be best for you . The specific need will determine the type and face amount . For example , if you have a debt to be repaid within 10 years , a 10 year level term would be appropriate . If you need a fixed amount to leave for final expenses or an amount to leave to loved ones , a whole life insurance plan that you can not out live may be the appropriate solution . Find an experienced independent life insurance broker you trust to help you maneuver this need . |
Is Homeowners Insurance Mortgage Insurance? | No . Homeowners insurance covers physical loss and liability suits . You can add on separate endorsements for scheduled property , campers , recreational vehicles and etc. . Mortgage insurance is insurance purchased in the event you default on your mortgage . Think about it in these terms : when you get a mortgage the bank wants to be added as a loss payee in the vent the house -LRB- its collateral -RRB- is destroyed . It also wants protection in the event you lose your job or decide to stop paying . Sometimes bank purchase this coverage , but in other circumstances first time borrowers with bad credit and a low down payment may be required to purchase mortgage insurance . I hope this helps . | Unfortunately there 's too many factors that go into premium pricing to say what you should or should not be paying for your coverage each year . A lot of it depends on what type -LRB- s -RRB- of coverage you 're looking to purchase , the amount of coverage , and your health history . The risk class 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 . 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- . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an independent insurance agent/broker to see what plans are available and what structure would be best suitable to meet your needs . |
Does Type 2 Diabetes Affect Car Insurance? | Based on my limited education and experience in the field as of this point , I do not believe that any prospect is asked about whether or not they have diabetes and if they do what type they are . The diabetes question may be something that is asked by the DMV for licensing though . | Here is the thing . Insurance claim settlements are intended to pay for the repair of damage caused by a covered loss under the provisions of a policy contract , in this case an car insurance policy . If one receives a settlement and then chooses , for whatever reason not to repair the damage , I have not seen a case where an insurance company is going to be looking for it 's money back . Keep in mind acouple of things , however . If you have a lien or lease on your car , the check will be made payable to BOTH you and the financial institution and they will need to have the car repaired as a condition of your agreement with them . Also , if you happen to have another incident that further damages the same car parts that were damaged previously , the claims professional will be able to tell the older damage from the more recent and will NOT include an amount needed to repair both . |
Will Health Insurance Pay For Impacted Wisdom Teeth? | That will depend on the nature of your wisdom teeth removal . Most claims for extractions are sent to your dental insurance first . If the wisdom teeth are what 's called ` boney impactions ' , then the claim will be sent to your health insurance company to coordination benefit with your dental plan , as ` boney impactions ' are covered under health insurance . | Sometimes a person is so `` set '' financially that the NEED for life insurance is minimal . However , many wealthy people purchase life insurance because they WANT it . No one knows the future , and life insurance is a way of ensuring that families that are used to a certain standard of living , will not be destitute if the breadwinner passes away after a costly illness or disability . Life insurance is a tax friendly , personal , and comparatively hassle free way of passing an estate to heirs , paying estate taxes , or providing for final expense needs . Indexed Universal Life is a method of distributing wealth into tax free or tax deferred retirement income , while still providing a death benefit . So , while some people `` need '' life insurance less than others , statistics show that those persons actually buy it more often than others due to the other financial benefits of having life insurance . |
What Should My Renters Insurance Cover? | A renters policy should provide sufficient liability coverage to handle a lawsuit should one arise . The coverage is for personal injury and property damage . Then the policy should provide enough coverage to make you whole should your property go up in smoke . Remember that the landlord is not responsible in either of these situations . | Yes , pending the underwriting process and the premium that they are willing to pay . To the best of my knowledge there are carriers that will write a life insurance policy for a person up to their 91st birthday . The amounts of coverage will more than likely be limited . People are living longer lives now and life insurance carriers have adjusted the products that they offer to meet this changing market . Contact a local agent to find out what products they would have to offer within your area . |
How Do Hybrid Annuities Work? | Hybrid annuities are fixed indexed annuities , equity indexed annuities , or variable annuities with a rider that offers lifetime income . Some also offer enhanced death benefit , long term care , and/or home health care . Hybrid annuities work by allowing the buyer to invest funds in a fixed account as well as variable account . The fixed account provides the guaranteed funds and the variable components provide for greater return by investing in non-guaranteed securities . | In Canada , you can cancel you home insurance . There are however ; considerations you should be aware of . here are a couple : If you have a mortgage on your home , the lender usually requires insurance coverage . Home insurance contracts are on a yearly basis and if you cancel before the renewal date there is usually a penalty.There could be more considerations depending on your individual circumstances . You should speak with an independent insurance agent or broker in your local area as laws vary . |
How To Fight A Long Term Care Insurance Denial? | If you are talking about a denial to an application for long term care insurance , there are several steps you can take : 1 -RRB- Find out the reason for the denial . 2 -RRB- If the reason is a mistake -LRB- e.g. your medical records say you were diagnosed with CHF but they later found out you did not have CHF -RRB- , get a letter from your doctor succinctly explaining that , along with correct medical records , if possible . 3 -RRB- If the reason was high blood pressure at the insurance exam , high cholesterol on their labs , etc , offer to pay for a blood pressure reading at your doctor 's office , or a new blood test . Declines for any type of insurance are usually final , but sometimes you can reverse them . Using an agency that has lots of experience with impaired risk cases helps . | Your auto insurance will cover you when you rent a car with the samecoverage ` syou currently carry on your personal auto policy . All rules , coverage 's deductibles and limits apply . A rental car is considered a temporary substitute vehicle . Keep in mind this must be avehicleof theprivatepassenger type , not U-hauls or commercialvehicles . Also renting a vehicle does not give you permission to loan the vehicle toanotherparty as all operators must be listed on the rental agreement . I recommend you call your insurance carrier before renting a vehicle to make sure your policycoverage ` sare adequate . |
How To Fight A Long Term Care Insurance Denial? | In my experience , if you feel convinced that you are not receiving the benefits outlined in the contract , you should hire an attorney . Hopefully the cost to secure an attorney will not be prohibitive for you . Most insurance companies have a significant legal department that can only be confronted by an attorney defending your interests . | Medicare disability is the same Medicare for folks 65 and over . If you are on Social Security disability -LRB- SSDI -RRB- , and have been on SSDI for 2 years , you should be eligible for Medicare . You are also eligible for a Medicare supplement plan , or Medicare Advantage coverage . Does this answer your question ? |
What Are Medicaid Qualified Annuities? | Medicaid qualified annuities , or `` Medicaid friendly annuities '' , are annuities that can sometimes be used by couples when one person in the couple enters a nursing home . One spouse is able to keep half their assets and the home he/she lives in , the other spouse must spend down the other half on nursing home care before becoming eligible for Medicaid . Rather than spend down those funds , the spouse entering the nursing home transfers the money to the other spouse , who puts it in an irrevocable , immediate annuity that is set to pay the at-home spouse an income up to the number of years left in his/her life expectancy . Consult a knowledgeable elder law attorney in your state to see if this is allowed in your state , and to know all the pro 's and con 's before endeavoring to take out a Medicaid qualified annuity . | In Canada , if you surrender a life insurance policy and the cash value exceeds the adjusted cost base it is taxed as a gain . The adjusted cost base is the total premiums paid , less the Net Cost of Pure Insurance which is a rate set by the government . You can also trigger a deemed disposition if you borrow in excess of the adjusted cost base and with most transfers of ownership . Before you surrender a policy , check with your agent to be sure you are informed decision and to review other options . 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 . |
Is Medicare Managed Care? | Not in the strictest sense , Medicare Part A , Part B & Part D are not Health Maintenance Organization type plans . Medicare Advantage plans , which have proven increasingly popular since their introduction , generally do embody the concepts of a managed care plan though some can be more oriented towardsa PPO/POS network approach while others embrace the more classic HMO model where their members must use only contracted providers to received their care . | No State requires homeowners insurance ! Home Insurance is for the purpose of protecting your dwelling , other structures , personal property and liability exposure ; if you do n't wish to have this protection , you are always legally free to self insure . However , in the event that you have entered into a Mortgage Contract or any other contract that may require insurance on the secured asset , you may be obligated depending on your signed agreement . There isan online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK |
What Are The Different Types Of Disability Insurance? | The types of Disability Insurance that you can buy on your own come in two types : Short Term Disability Insurance and Long Term Disability Insurance . Of the two , Long Term Disability Insurance is most commonly purchased . When provided by an employer , Sick Leave is also a type of Short Term Disability Insurance . | FSA stands for Flexible Spending Account . A FSA is a tax-preferred account which provides you with money for paying medical related bills including prescriptions and sometimes over the counter products . The money for this account comes from pre-tax contributions by the employer and/or the member . Any money that has not been used at the end of the fiscal year is lost . |
Does GMAC Have Life Insurance? | GMAC does not offer traditional life insurance ; it 's products are mainly in the property and casualty arena and it does offer some health insurance . GMAC has a Credit Life insurance plan that pays off the balance of the debt to the lender in the event of the borrower 's death . | YES of course . In fact many `` children '' are purchasing Life Insurance to prevent a financial strain on the family . Also consider , with the Critical Illness & Chronic Illness features on policies these days , it is not a bad idea to get a policy which will help fund in the event of a heart attach , stroke , cancer & Chronic Illness which you can think of in simple terms as Long-Term care needs -LRB- note : these generally speaking are not Long-Term Care Insurance but is available -RRB- . Remember there does have to be an insurable interest in place . Depending on the company , you may have to have insurance on yourself . Your parents have to be involved in the process as well . You CAN NOT just take a policy out without them knowing . |
How To Evaluate Auto Insurance Companies? | There are several criteria that you could use , however , my recommendation is that you select an agent that you can trust . The company is important but not critical . State Insurance Commissioners are obligated to make sure that the companies that they admit to do business in your state will honor the promises that they make . On the other hand , the agent can guide you into wise decisions regarding limits and coverages . At the time of claim the company will perform but they will only perform to the limits that you and your agent set , so make sure you have an agent that you trust . | Unless the home is vacant , the homeowners policy covers glass damaged by the named perils . On most policies that means the company will cover almost any damage . The claim will be adjusted with the company paying an amount above the deductible for the policy . If the damage is incidental contact your insurance agent before you file a claim . |
Who Are The Largest Home Insurance Companies? | The largest by a significant margin is State Farm which has more than 20 % of the market in terms of written premium . Industry figures from 2012 indicate a total of $ 15 billion in premium . -LRB- That 's not property values - That 's premium ! -RRB- The next closest is Allstate at about 10 % of the market . The next eight carriers of the top ten , each having no more than 3 % or so of the market , are : Farmers ; Liberty Mutual ; USAA , Travelers ; Nationwide ; Chubb ; Citizens and American Family . Here in Florida , if you can be insured with any of these carriers , with the exception of Citizens , you have a strong National company behind you , in the event of losses . Many of them do not write in Florida , especially if coverage for the peril of wind is included . | Life insurance is cheap because not everyone collects from it . Term life insurance has the cheapest rates , and the shorter the term , the lower the rates . However , this shorter length of coverage also reduces the chance of the insured person dying during that time . Permanent insurance costs more because , if the policy is kept , is it sure to pay out upon death at any age . |
Will Medicare Pay For Diabetic Test Strips? | Yes , Medicare provides coverage for diabetic test strips under Part B - they 're viewed as a type of durable medical equipment -LRB- DME -RRB- . You must be enrolled in Medicare and be diabetic to have the test strips covered . In general , Medicare will cover approximately 80 % of the cost - you will be responsible for the other 20 % . | You can go to a website or talk to an agent who specializes in Final Expense Life Insurance to get Life Insurance for your parents . Many parents are not keen on taking an exam , and Final Expense policies usually have minimal underwriting requirements . They also allow for some of the common maladies of older age such as hypertension , type 2 diabetes , and arthritis . Finally , these type of policies are usually Whole Life and come in smaller face amounts , making them ideal for funeral related costs . If you are looking for larger policies for your parents , an exam will be required and some companies now ask cognitive questions of seniors applying for large face amounts . Ironically , the more extensive the underwriting requirements , the better the price for that policy may be . Again , seek a website or call an agent that offers Senior life insurance to be sure you are getting the best price , as prices vary widely for this age group . |
Will Medicare Pay For Diabetic Test Strips? | Medicare covers testing strips - under Part B. Medicare Part A & B only covers 80 % of anything , but if you have a Medicare Advantage plan or a Medicare Supplement - this helps cover all or most of the 20 % you might be left with . Some Medicare Advantage plans cover the strips at 100 % , some would leave you with a small copay , insteadof the full 20 % . Check with your Advantage or Supplement plan to find out exactly what you will pay for your strips . Belinda myseniorventure.com/answers | Yes , smoking affects life insurance rates but how much depends on other health and lifestyle factors . In general , the premium for term life insurance for people in their thirties and forties is three times more for tobacco users than for non tobacco users . The factor widens on older individuals . The kind of smoking or tobacco use affects rates , too . In recent years , a few innovative insurance companies have been offering non tobacco rates to cigar smokers and users of smokeless tobacco making their tobacco class rates effectively cigarette user rates . Celebratory cigar use e.g. once or twice a year at weddings , may even qualify at such innovative insurance companies for preferred non tobacco premium rates . |
Will Medicare Pay For Diabetic Test Strips? | Diabetes Supplies & Services Supplies : Medicare Part B -LRB- Medical Insurance -RRB- covers some diabetes supplies , including : Blood sugar -LRB- glucose -RRB- test strips Blood sugar testing monitors Insulin Lancet devices and lancets Glucose control solutions Therapeutic shoes or inserts Part B covers some diabetes services , including : Diabetes self-management training Yearly eye exam Foot exam Glaucoma tests Nutrition therapy services -LRB- medical -RRB- | If the value proposition has sound financial virtue , then the long term care policy owner benefits for the purchase . But it also benefits assisted home living and nursing home care , an industry that specializes in gerontology care . It also benefits the immediate family cant take the time to care for elderly parents . |
Does Universal Life Insurance Expire? | Guaranteed universal life generally has a maturity or endowment date in the policy contract . There are some life insurance companies that use phrases like life of the insured . As long as the guaranteed premium is pad on time it should n't expire . But generally speaking current assumption universal life insurance has variables that have the potential to under perform which could lead to a policy lapsing or expiring . | A home is the largest single purchase that most people make in their lifetime . There are two characteristics that make home ownership difficult . The first is that the ownership of a home creates a situation of responsibility where you become responsible for personal injury and property damage that comes out of home ownership . For example , someone enters you home , slips on a rug and falls . Injuries can be minor or severe . It is quite possible that you could be sued to recover the loss sustained by the person who fell . This is a liability loss . The second is that you have an enormous amount of your money and the mortgage companys money invested in the home . It is usually a multiple of your annual income and would represent a great financial loss were the home to be destroyed . Your mortgage company is particularly concerned about losing their collateral and will require hazard insurance to protect their interests to the greatest extent possible . The list of things that could happen to damage a residence is lengthy but most of the causes or perils are contained in the HO-3 Homeowners policy . There are notable exceptions which should be restated . You are probably not covered for damage caused by earthquake or flood . These coverages are available but in slightly different forms and often with different policies . Because an individual can not sustain the personal loss of a law suit or the destruction of their property they turn to an insurance company to pool their risk with hundreds of thousands of other residences . This recognizes the probability of damage and spreads that risk over a large number of residences . The insurance company charges enough to be able to pay those losses when they occur . Your state insurance commissioner is very concerned about the adequacy of the insurance companies admitted in your state . While there are various types of home insurance policies , I will confine my comments to the most common , the HO-3 Homeowners policy . Coverage A in a homeowners policy covers your residence . The coverage includes additional items but does not cover land or water . It doesnt cover trees except as covered in incidental coverages . Coverage B covers related structures on the property . It has the same restrictions as Coverage A and doesnt cover any business structures , except for a residence on the property that you lease to others . It covers you garage Coverage C covers the personal property that you either own or are responsible for . This is a very important coverage and contains internal limits on selected classes of property such as money , securities , jewelry , guns and watercraft . Misunderstandings often arise about this coverage and it should be discussed thoroughly with your insurance agent . Modifications of this coverage are relatively inexpensive and an unpaid claim is an expensive way to discover that you werent adequately covered . Coverage D pays the necessary and reasonable increase in living cost you incur when your household meets with an insured loss . The company will try to get you back into your residence as quickly as possible but will make sure that you are able to maintain your normal standard of living during the repairs . Coverage D also covers the loss of rents you might experience in the event of a covered loss . If you have an apartment on the premises and it is damaged by a covered loss , this section would apply . There are other limits and extensions in this section that require your attention if you are leasing property . There are number of ancillary coverages including credit cards , trees , fire department charges , debris removal , emergency removal of covered property and grave markers . There are several pages of definitions and exclusions which should be read . Most confusion arising from a homeowners policy come from this part of the policy . Many people think that a homeowners policy pays for routine maintenance or deterioration . Coverage L covers personal liability and provides that the company will pay up to the limits for expense that you are liable for because of bodily injury or property damage that happens on your premises . Coverage M covers medical payments to others and provides necessary medial expenses if they are incurred on your property and result in bodily injury . There are several pages of definitions and limitations on liability coverage . The policy then defines your responsibilities . You must notify the company of a loss , you must cooperate and many other responsibilities . At the back of the policy are a number of endorsements which changes the policy . These apply to specific types of property such as trading cards , animals , a roof and others . Together the HO-3 Homeowners policy is a package of protection that is sufficiently broad to meet the requirements of both lenders and homeowners . Special additional coverages are offered and should be considered . Many of these additional coverages can be included in the basic policy . |
What Is The Average Cost Of Health Insurance? | The average cost in the country for a health insurance plan is $ 328 per month - however , this is only reflective upon a silver level plan -LRB- not all 2014 state figure averages are available yet -RRB- . While you can try to come up with an `` average '' cost , there 's too many factors that go into premium pricing to say how in relation that compares to you . In short , an `` average '' premium is a rather useless figure to the individual . It 's only representative to a large group - you could have people paying a small nominal amount -LRB- after factoring in subsidies -RRB- per month to several thousand dollars per month . Even for that there 's a ton of information to sift through to get an accurate representation . Under the new Affordable Care Act , you have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . You may be able to qualify for a subsidy that can be used to reduce the cost of your health insurance premiums . I always recommend consulting with an experienced broker . We can help you determine the plan that 's going to be most suitable for your needs and budget . Please let me know if I can be of further assistance . Thanks very much . | Typically , you must be the owner of a vehicle to buy insurance that covers it . You can request the transfer of the title on a non-owned vehicle . The process is fairly simple . The car that is not titled in your name can be insured by the owner . He/she can simply contact an experienced broker and request free quotes -LRB- online , if theypreferthat method -RRB- and view the best deals . Once insured , other drivers may alsooccasionallydrive the vehicle if not in the same household . |
How Does A Joint Life Insurance Policy Work? | A Joint Life Insurance Policy is known by a few names : survivorship , second to die and my personal favorite last one out -LRB- just kidding . -RRB- Survivorship was originally conceived to correlate with the Marital Deduction Act in the eighties when the law allowed the state to pass between spouses at the first death tax free , i.e. taxes then are due at the second death of a married couple . The economic leverage of survivorship is significant and can address several inheritance strategies like estate taxes , charitable giving and making a difference for your children , grandchildren and maybe your great grandchildren as our societys life expectancy appear to be heading for age 100 . | The Personal Property portion of your Homeowners Insurance Policy extends coverage on your personal belongings while they are outside your home . This coverage is usually limited to about 10 % of the current stated Personal Property amount listed on your policy and may also be subject to other coverage limitations . It is best to talk to your Insurance Professional about the specific terms and conditions of your policy . |
How Does A Joint Life Insurance Policy Work? | Joint life insurance is usually referring to joint second-to-die which is also known as survivorship life insurance . These policies insure two lives and became popular with the advent of the unlimited martial deduction in the early 1980s . It has become a common way to provide for estate liquidity . Priced at a lower premium than two single life policies , survivorship policies pay nothing at the first death . The policy death benefit pays at the death of the second insured to die . While readily available at one time , joint first-to-die life insurance policies are no longer available from A rated carriers that distribute through life insurance brokers . | To buy term life insurance , you must first determine how much you need , how long you want the term to last , and how much you have to spend . It can be helpful to shop websites that offer quotes right online , then talk to an agent to determine if you qualify for those rates . Agencies that carry a number of choices can find you the best prices for your age , build and health . If you are applying for a medically underwritten policy , the next step will be to apply , then take a free life insurance exam in your home , or other location of your choice . Once the underwriting process is complete , you will find out if you are approved , and your rate . If you are applying for a No Exam policy , you may be able to put it in place in as little as 24 hours . Most take longer . Term insurance is very straightforward and there is a lot of competition . With an ethical agent , you should have no trouble getting a policy that you like . |
How Does A Joint Life Insurance Policy Work? | A joint life insurance policy , or `` second-to-die '' or `` survivorship '' policy , pays the death benefit upon the death of the second person . This means that if a husband wants to leave the death benefit for his wife , he would not want to purchase a survivorship policy with his wife being the other insured person . Keep in mind that both persons on the policy must pass for the death benefit to be paid out . | Yes , most people can get life insurance with Hep C . If applying for a medically underwritten policy , the underwriter will look at your liver labs , whether you hepatitis C is stable , how long you have had it , results of your liver biopsy -LRB- if one was done -RRB- , the type of Hep C you have , whether you had treatment -LRB- if so , was is successful -RRB- , whether you drink alcohol , and your overall health . If applying for a No Exam policy , there are fewer questions and these are easier to get . Every policy has a different set of questions , and some have no health questions at all . Contact a specialist in Hep C to purchase your life insurance policy so that you get placed with a company with whom you can qualify , and secure the lowest price . |
When Does Long Term Disability Insurance Start? | Long term disability insurance generally has a waiting period or `` elimination '' period that needs to be satisfied before benefits are generated . If you are addressing individual disability insurance , one of the most popular waiting periods is 90 days . Most Americans have about 90 days in cash reserves , so establishing your cash reserves will help you determine you disability elimination period . | To obtain the cost for Aflac Disability Insurance for you , you need to contact their company or a local American Family Life Assurance Company of Columbus agent . The price will depend on a number of factors and the type of policy you choose . An Aflac agent can guide you through those choices and help you get the Disability policy that works best for you and your budget . |
When Does Long Term Disability Insurance Start? | Disability insurance policies usually start paying benefits once the elimination period is completed after the diagnosis that causes the disability . Elimination periods commonly vary from 30-60-90-120-180-360 days . Most good policies will go back and pay the first day of disability as well once the elimination period requirements are met on top the ongoing benefits as well . | Medical coverage covers anyone getting into your car , getting out of your car or in the car if you are involved in an accident and they are hurt . For example , a person is getting out of your car and falls and breaks an arm ; a person hand is caught in a car door and requires medical treatment . The most common however is when you are involved in an accident . Anyone in your car is covered up to the medical pay limits on your policy . |
What Is The High 3 Retirement Plan? | You are probably referring to a defined benefit pension plan that uses the highest three years of earning as a factor in the benefit formula . Defined benefit plans , although quickly disappearing , compute the benefit by using a formula . The earnings on the fund are immaterial to the participant . Members do not have separate accounts in a defined benefit plan . Normally the benefit is a combination of factors , age , years of service and perhaps others , which is then multiplied by salary . In this case it is the average of the highest three years of salary . That then becomes the starting benefit . | To see fixed annuities , it takes an insurance license in Life and Annuities -LRB- the Life license covers both -RRB- . To sell variable annuities , it takes a series 6 -LRB- limited investment securities license -RRB- or series 7 license . The latter entitles the representative to work with all types of securities products , minus commodities and futures . If the agent selling fixed annuities needs to roll over funds from a qualified plan into the fixed annuity , a series 6 or 7 license is also required . |
What Makes A Car Insurance Cheaper? | For the best rates having a good driving record is a factor . Either being a good student -LRB- 3.0 or better -RRB- or professional degree may help . Multiple polices with the same company and even multiple vehicles for an over all vehicle to vehicle rate . Generally married runs a better rate then single . Also how much you drive and type of vehicle you drive not to mention the coverage 's you chose all have bearing on your rates . | Renters insurance is coverage that is designed for people who arent responsible for the residence . It is designed to cover the personal property of a renter . It is also designed to satisfy the requirements for legal liability insurance in case of physical injury or property damage . Most policyholders find the coverage to be very inexpensive especially considering the responsibilities that a renter has . |
Where Can I Buy Life Insurance Online? | There are many websites these days that offer online life insurance quotes and the ability to purchase life insurance online . Just perusing the biographies on this website and clicking on the websites for the contributors will lead you to some of them . You could also use a search engine to look for life insurance quotes . One way to narrow it down would be to include any health condition you have in your search query . | You have to establish insurable interest to justify taking out life insurance on someone else . Justification is based on the premise of the beneficiaries suffering financial loss because of the death of the insured . Secondary to that issue is the amount of coverage , which also requires economic justification . |
Where Can I Buy Life Insurance Online? | You can buy life insurance online from my website as well as many other agents answering questions for InsuranceLibrary.com . The process will vary : some allow you to run quotes ; some just have you input your zip code and someone will call you ; others will be more automated or less automated . Just be sure that you talk to someone who can answer your questions and help you choose the best product to fit your needs and health . | I like to look at this question a little differently . There are basically three parts to your auto insurance policy . One part covers you if you hurt somebody -LRB- or something -RRB- . A second part covers you and your family if someone hurts you and does n't have any insurance or not enough to reimburse you for your injuries/suffering/lost earnings . A third part covers the car you may be driving should it be damaged . How much coverage would you expect someone to have if they hurt you or a family member ? That is a good guide for how much liability coverage you should consider . Your liability limit for others and uninsured/under-insured motorists limit for you should be consistent . If someone or something damaged your car , would you want to be reimbursed ? If so , your auto insurance should include comprehensive and collision coverage . Older fully paid car ? Still may be worth several thousand dollars and well worth insuring . It 's better to have a higher deductible than no coverage at all . If your insurance coverage meets these tests , this may be the best insurance coverage for you . Then I like to consider insurers who will also provide my homeowner 's / tenant 's coverage through a respected local agent with reasonably competitive premiums . |
How Long Does A Life Insurance Check Take To Clear? | A check is a check is a check . It will clear like any other check in 3-5 business days . If you need money before the check clears you could go to the bank for a short term loan and use the policy as collateral once the life insurance company has confirmed you as the beneficiary . | The 2 basic parts of Medicare are part A and part B . If you work 40 quarters -LRB- 10yrs -RRB- part A is paid for , if you have to pay for part A it would cost $ 441 a month while Part B costs $ 104.90 a month and a $ 147 yearly deductible . Part A is the hospitalization portionand it pays 80 % and you are responsible for 20 % . Part B is the outpatient portion -LRB- Dr. Visits -RRB- The minimum yearly cost would be $ 1,259 a year and part B premium goes up if you make over $ 85,000 a year individual $ 170,000 jointly . This is a simplified explanation but should give you a solid foundation . |
How Long Does A Life Insurance Check Take To Clear? | The check will clear just like any other check you put in the bank . Around 5-days is safe . As far as how long to pay a claim ... It varies depending on the company and type of coverage . With most policies you ca n't file the claim until you have a certified death certificate . That can take from 2-days to 45-days to get . Then most life insurance companies will pay the claim within 30-days of receiving the death certificate and claim form . Some companies that specialize in funeral insurance coverage pay the claim within 48-hours with no death certificate needed . If you die within 24 months of taking out the policy , it will be contestible and that will slow down the claim process . | Life insurance is pure mathematics . The standard rate represents a band of acceptable risks . This band is determined by statistics and the rate assigned is a statistical projection of the cost of paying the death benefits to this group of people . When a persons health , occupation , or avocation cause their risk to be different from standard they are offered an altered rate . It could be a preferred rate , or it could be one of several bands of sub-standard rates . They could also be excluded from certain activities or declined . |
What Is A Qualifying Event To Drop Health Insurance? | Qualifying events recognized under the provisions of the Affordable Care Act -LRB- ObamaCare -RRB- are ; 1 -RRB- Loss of employer health insurance coverage 2 -RRB- Expiration of coverage under COBRA or state continuation of coverage provisions 3 -RRB- Loss of government sponsored plan , including Medicaid or CHIP 4 -RRB- Loss of Minimum Essential Coverage 5 -RRB- Birth or adoption or foster care or legal guardianship 6 -RRB- Marriage 7 -RRB- No longer an eligible dependent -LRB- e.g. - child turning age 26 -RRB- 8 -RRB- Divorce from a policyholder 9 -RRB- Termination of a pre-ACA individual plan during 2014 10 -RRB- Moving to a new area that offers different plan options or moving outside of an HMO service area 11 -RRB- Employer 's bankruptcy resulting in loss of coverage for retirees 12 -RRB- Release from incarceration 13 -RRB- Unintentional error or enrollment/disenrollment in a Health Insurance Marketplace plan is unintentional or erroneous 14 -RRB- A material violation of contract terms by the health insurance plan That 's all folks ! | Depends on the type of program you 're applying for . For non-medical policies - it can take as little as 48 hours or up to about 2 weeks -LRB- depends on whether they need to get a doctor 's statement -LRB- called an APS - attending physician 's statement -RRB- , waiting on the completion of a phone interview , etc. , if applicable -RRB- . For traditional programs -LRB- one 's that include an exam -RRB- - it typically takes about 4-6 weeks to complete the underwriting process . This is due to the amount of time it takes to process the lab work -LRB- blood tests , urine tests , ekg , etc. -RRB- , get the doctor 's statement -LRB- APS -RRB- , and for the carrier to review the file . If the carrier is having a difficult time trying to track down the doctor 's statement , they 're backed up case-load wise , or they need to get clarification on certain items , it may take a little longer . Even though it takes about 4-6 weeks on average for these programs , it 's helpful to allow 6-8 weeks for it to wrap up . Please feel free to contact me for help or if you have any other questions . Thanks very much . |
How To Collect Life Insurance After Death? | When a person passes away the beneficiary needs to file a death claim with the Life Insurance Company . The most efficient way of dealing with this is going to be to contact the agent who wrote the policy . Hopefully there is a business card attached to the policy . Call the agent and have him/her come out and help you complete the death claim form , they can get it to the company for you . If not in the policy there will be contact information for the insurance company or you can google the company and on the `` contact us '' . The insurance company will send out a claim form , complete it and send it out , you 'll need to provide all the documentation they request to complete your claim . It should n't take more then 45 days for the process . | It can . Vandalism is covered under comprehensive which is one of two types of coverage that can be included under physical damage on your auto policy . The other coverage that protects your actual vehicle is collision . Comprehensive and collision are required when you have a loan but are optional when you do n't . These two coverages provide protection for the car itself if it gets damaged and typically requires that you pay a deductible first before the insurance company responds . Typically , collision covers anything you collide or have an upset with while comprehensive covers everything else including fire , theft , and vandalism . |
How To Collect Life Insurance After Death? | When the policy insured dies , the policy beneficiary or policy owners notify the life insurance company . The company , in turn , sends their death benefit claim form upon request . Once the form is filled out and the additional documents , the death certificate and newspaper obituary are delivered the processing time is between 30 and 60 days . | Get as much renter 's insurance as you need , but no more . Also ... factor in the monthly amount you can afford , and keep that it mind . An experienced broker -LRB- yes , I like using that phrase -RRB- can review with you theamountof coverage you should have and what insurer offers the best policy for the most affordable premium . |
Is Medigap Worth The Cost? | Is it worth the cost ? Only you can answer that . Medicare covers about 80 % of your health care claims , the rest is paid by you unless you have a Medigap plan . Even the popular Advantage plans have significant out of pocket costs , especially when you receive out of network treatment . | New York Life has a great many insured with sleep apnea . How is it affecting your life ? Are there other diagnoses that are of concern . If you simply have sleep apnea and need no treatment , you very well are likely to be covered easily . |
Is Medigap Worth The Cost? | Yes , Medigap is worth the cost of the monthly premium . Medicare Part A & B only covers about 80 % of the cost of your healthcare . The remaining 20 % does not have a cap . You pay 20 % of everything with no max . Why would someone subject themselves and their family to that when they can have $ 0 out of pocket or very little with a Medigap Plan ? A Medigap Plan will cover what Medicare Part A & B does not . Depending on what plan you go with you could have little to no out of pocket . It is far easier to budget a monthly premium knowing you will never have a large expense come when you least expect it . | The critical illness definitions for this type of insurance vary from policy to policy . Nearly all cover serious cancer , heart attack and stroke . Some cover Alzheimer 's , blindness , deafness , MS , Parkinson 's , brain tumors , and organ transplants . In order to see what the definition of critical insurance is for each policy , review the contract carefully . |
What Is Simplified Issue Life Insurance? | Simplified Issue Life Insurance is life insurance that does not require an exam . Some simplified issue life insurance policies will order medical records and some do not . Most request a phone interview , or if not that , they require filling out the application over the phone or in person with the agent and signed digitally . Simplified Issue Life Insurance can be used to save time , or else it is used when traditional , medically underwritten life insurance is unavailable . | There are several moving parts to a universal life contract , additional parts if its a variable universal life insurance policy . Lets your universal life insurance policy is using an interest rate crediting method . You pay your premium annually . The front end premium load , administration cost , policy fee and mortality are deducted from your premium . Whatever is premium is left receives the interest earnings credited to the policy cash values . |
What Are Medicare Part B Drugs? | Medicare Part B medications are usually provided and given by someone in the doctors office as part of a treatment . There are a couple of exceptions that may be picked up at a local drug store . These include medications to be used in a nebulizer , medications to prevent rejection of a transplanted organ , and diabetic testing supplies . If your doctor wants you to pick any of these up , make sure that the prescription is written following CMS directions or the pharmacy will not be able to bill Medicare . This includes having the diagnosis code written on the prescription , exact quantities and frequency of use , and your name , date of birth , and address written on the prescription . | Possibly . If the applicant fails to disclose any history of being treated , arrested for dui or anything related to alcoholism during those first two years of a policy which is called contestibility period * . And that is only if the insured falis to disclose during the application process . If during the application process the applcant discloses this information and the insurance carrier offers a policy , it can not resind the policy later . After two years the carrier can not void the policy . If a person becomes an alcoholic `` after '' the policy is issued , it can not be taken away . * normally the contestibility period in most states is 2 years . Some states it is less . Some states also have additional clauses that should be reviewed . |
How Long Does It Take Metlife To Process A Life Insurance Claim? | Metlife does not offer an expected time frame for processing a life insurance claim on any of their death claim materials . They do try to offer explanations that will avoid certain situations to hang up claim processing . Most life insurance claims take from a couple weeks to a couple of months to process . | Zero deductible means exactly that - there is zero deductible . A deductible is the amount you have to pay first before the plan benefits kick in -LRB- there may be some benefits in which the deductible is waived -RRB- . Remember there are also copays and coinsurance . Therefore , it is smart to look at the maximum you might have to pay , which is called the Maximum Out Of Pocket . Your deductible might be $ 3500 , but the MOOP might be $ 9500 ! |
Does Medicare Pay For A Lift Chair? | Medicare part B covers 80 % of the costs and you or your supplement would pay the other 20 % of durable medical equipment , not chairs themselves but mechanical or hydraulic devices that help to safely lift a person They make it easier get in and out of bed or chair | A homeowners policy covers damage that is the result of one of the specified perils . Structural damage that is the result of fire , windstorm , hail , etc. is covered under most policies . Structural damage caused by flooding of earth movement is generally excluded . It would be a good idea to discuss this with your insurance agent prior to submitting a claim . |
Does Medicare Pay For A Lift Chair? | Medicare only partially covers lift chairs under Medicare Part B -LRB- only the lifting mechanism will be covered , not the entire unit -RRB- . Lift chairs would be considered a type of durable medical equipment and certain requirements would need to be met for Medicare to provide the coverage for lift chairs -LRB- e.g. being prescribed for use in your home by your physician and/or requesting a certificate of medical necessity -RRB- . Under Part B , Medicare will cover 80 % of the costs of DMEs , leaving you responsible for the other 20 % . A Medicare supplement can help you cover the other 20 % of expenses . | When a permanent policy has CASH built up and there are no outstanding loans the insured has options . They can borrow the money from the policy in the form of a loan -LRB- some policies require you pay it back , others do n't -RRB- , they can terminate the policy and take the cash -LRB- subject to taxes of course -RRB- , or they can do a 1035 exchange and move that cash into another qualified financial product . Before any of these actions are taken it 's wise to complete a new and updated needs analysis with an experienced agent to determine the smart play with your money . |
Where Can I Get The Cheapest Car Insurance? | Where can I get the cheapest shoes ? Price is a important factor in any purchase and chances are good that will get what you pay for . In other words look at what you are buying ? Are you just wanting the coverage to be able to use the roads are you expecting that an insurer will step up and defend you , if you cause an accident and will further pay for the damages you cause to other people or their property . Insurance people have an expression . We are not selling shoes . If all you are interested in is price you do n't understand what you are buying > Keep that in mind and also understand that insurer is pricing the product before any information is know about how you drive . It is a complex business and agents can help understand what you are buying and why . | Great question . If you are asking what is ... the cost ... for a homeowner 's policy , this may help you . Home policies are rated based on age of home , type of construction , occupancy and location . In my state , Florida , the distance to water is very important as well as the type of roof . There are two styles , gabled roofs -LRB- which are popular in the Northern States -RRB- and hip roof -LRB- which is a newer style and has better resistance to wind . -LRB- We have hurricanes here . -RRB- |
Where Can I Get The Cheapest Car Insurance? | Cost is only one part of the insurance equation . Not to say that price should n't be a concern when seeking to purchase auto insurance , but it should n't be the primary concern . You should first find yourself a local agent that you are comfortable working with as they will be the person that you contact when you have questions or concerns about your coverage or claims . A good agent can make all the difference when it comes to a loss . | It depends . Or , yes , and no . United Healthcare offers co-branded Medicare plans endorsed by AARP . Their policy line includes Medicare supplement -LRB- Medigap -RRB- , Medicare Advantage and PDP -LRB- prescription drug plans or Medicare Part D -RRB- . Their Advantage plans can include an HMO offering , a PPO offering or PFFS , or all three choices . |
Where Can I Get The Cheapest Car Insurance? | The cheapest car insurance is the policy that fully pays your claim when you have an accident . Regardless of the premium , a fully paid claim is the true test . You can get this policy from a trusted agent . An agent will listen to you , provide sound financial advice and communicate accurately with you and the insurance company . Then when the claim comes you should have everything in order and the company should do their part . | There are large number of insurance providers who offer DI -LRB- Disability Insurance -RRB- . What type are you looking for ? Short term or long term income disability ? Most life insurance providers also offer Disability Insurances . AFLAC offers both short term and long term . New York Life and the Guardian Life insurance of America offer DI . Some applications are more complex than others and of course different providers have different premiums . |
How Much Of Your Portfolio Should Be In Annuities? | Tax deferred annuities are ultimately purchased for retirement income , whether in qualified plans or not . A new trend among advisers is to have a foundational income stream that can generate cash flow for the life of the annuitant no matter how long they live . Portfolio percentages differ , but a rule of thumb is 25 to 33 % . | A claim can affect the renewal pricing of an auto policy . However , the claim does not always trigger a change in premium . The decision to increase the premium is based upon the cost to the company for the claim . This is not an attempt to recoup what was paid out . Rather it is recognition that this car may be more susceptible to claims than a standard car , so there are points assigned to the car that translate into higher premiums for a few years . |
Can An Illegal Immigrant Purchase Life Insurance? | No , an illegal immigrant can not purchase life insurance , as far as I know . Life insurance applications usually ask fora Social Security Number , and also ask about about citizenship . Some will only issue to persons that are US citizens , others will accept Green Cards , and others will also accept work visas . | In most states , if not all , insurance is requireed to register a vehicle for road use . There are situations , for example if one owns a farm , that farm owner may have vehicles -LRB- trucks , trailers and other equpment -RRB- that are used strictly and exclusively on the farm and never enter the public roadways.You should check with your local authorities , but usually in situations like that , incurance is not a requirement . If you do have a private passenger car and it is registered , then insurance must be maintained . However , if it is a seasonal car , then talk to your insurance professional to see if your insuring company allows for the temporary suspension of liability coverage while that car is garaged in the off season . |
Can An Illegal Immigrant Purchase Life Insurance? | Illegal immigrants may not be the issue here . The issue is more likely life insurance on foreign nationals , which in some circumstances can be achieved . The country of the foreign national is a critical component to consider as each life insurance company has differing rules of engagement with each country . | Easy to find out . Many life insurance agencies have an online presence and offer instant quotes based on your age , health , coverage desired , and how long you want the coverage . The one thing you may not be able to answer right off the top of your head , though , is how much coverage to get and for how long . No worries , once again technology can help . A lot of these same websites offer a convenient calculator to help you estimate your needs . Do n't worry , you 'll find that for the average person , term life insurance is amazingly inexpensive . |
How To Get Cheap Car Insurance As A Young Driver? | Shop your coverage amongst a few of the auto insurance carriers within your area . Find yourself an agent that you are comfortable working with as they will be your go to person if you need assistance with claims or have questions about coverage . Price should not be the only deciding factor when purchasing insurance coverage of any type . | Banking cord blood is a relatively new procedure . If treatment for the baby is imminent and planned , it is entirely possible your health insurance plan will cover the cost of banking the cord blood . But if there is nothing planned , I do n't expect your health insurance plan will cover that procedure . Ask your agent or carrier for advice . |
What Kind Of Life Insurance Is Best For Me? | That all depends on your particular situation . Married or single , healthy or are you being treated for a illness such as high blood pressure ? What is your annual income ? There is a laundry list of questions you need to answer before you or any one can tailor a policy to your individual needs as well as the needs of those folks left behind once you are gone . | Usually it does n't take long to receive a death benefit check . First a claim form must be completed and returned to the insurance company , along with a certified copy of the death certificate . Certified copies of a death certificate can take a few days . Once a company receives the outstanding requirements , they will process and issue a benefit check . The check will include interest earned from the date of death to the date of issue of the check . Payment of proceeds are usually done as quickly as possible as most states have requirements insurance companies must follow in these situations . |
What Kind Of Life Insurance Is Best For Me? | The best kind of life insurance for you is the kind that meets your particular needs for your life insurance . People use life insurance for many different reasons . Some use it for final expenses , some to care for dependents , some to pay off loans , some to provide income during retirement . Once you know the purpose -LRB- s -RRB- for your policy , a good agent will help you get the most affordable policy -LRB- Term , Universal Life , an/dor Whole Life -RRB- to help meet that need . | Smoking will not void your life insurance policy . It will just cost you more premium . It 's generally around 25 % higher for cigarette smokers . If you lied about smoking that is a different question . That is insurance fraud . Yes , in some cases that would allow the insurance company to not pay the death benefit . |
What Does Long Term Health Insurance Cover? | A good Long Term Care Policy will cover home healthcare , assisted living and a nursing home facility . You can also add an inflation protection benefit so that your benefits will grow with inflation . There are several factors that can change the cost of the plan depending on what benefits you select . It 's important to work with an independent agent that can help you figure out what will impact your premium and benefits the most . For example , the length of the elimination period will make your premium go up or down . | Claims adjusting is an important part of insurance . The adjuster is charged to assess the total damage and make the appropriate payment . The adjusted damages are subject to negotiations . If , as a customer , you feel that the amount offered is inadequate you can feel free to discuss that with the adjuster or your agent . The length of the process is determined primarily by the speed with which the damage can be assessed and a payment settled . |
What Does Long Term Health Insurance Cover? | What is covered by a Long-Term Care -LRB- LTC -RRB- policy can vary greatly . Most LTC policies will provide payment for required assistance when a person can not perform two of the six activities of daily living -LRB- ADL -RRB- . The ADLs are : walking , eating , bathing , dressing , toileting , and continence . Some policies will pay for in-home care while other plans only pay once a person moves into an assisted living facility . Most policies have a daily maximum that they will pay as well as an overall maximum . These typically set the maximum to pay for a certain number of years , such as three or five . The more a policy will ultimately pay for , the higher the premium will be . LTC insurance is often available through employers , but a less expensive policy may be available on the open market . Contact an insurance broker that can provide quotes from multiple companies to find the best policy for you . The broker and also provide guidance on how to determine your exact needs . | A life insurance underwriter is someone who evaluates the risk of issuing a policy based on many factors , of which the main one is life expectancy . The person making this evaluation used to write their name under the definition of the risk , thus came the title , `` underwriter '' . It is a very difficult job as life insurance carriers have many regulations to follow , they must charge wisely so their company stays solvent , and they must know a realm of health information in addition to being astute financially . Therefore , there are often underwriting teams , including medical doctors , when a life insurance company covers a broad range of risk . Not only do underwriters look at medical risk , but since 9-11 they also must be sure that the face amount applied for fits the financial means of the applicant , because life insurance can be used by terrorists for money laundering . They look at pharmacy records , driving records , and MIB -LRB- Medical Information Bureau -RRB- . Some policies do not require any exam or medical records , some skip the exam but still have the option to order medical records , some just order exam and rarely order medical records , and some routinely order both . All these steps together ensure that the proper rating is given and that the life insurance company will be able to pay all out all its claims . |
What Are Annuities? | Annuities are a stream of steady income paymentsduring retirement . Money is contributed during the early years . Money is contributed compounded income andtax deferred , however the earnings are not . Withdrawals are advised at the age beginning 59 1/2 . You may agree to pay at lump sum one time payment or at a monthly premium . The forms of payments for payout are Lifetime Income is which you are paid for a certain amount of years like 20 , 30 , or 40 . and the benificiary is to receive the remainder upon death of the annuant . Another form of pay out is Lifetime Pay Outs which are fixed or variable , and payouts are for he lifetime of the annuant until death . Another form is Incomefor Life with a Guaranteed period Certain period which are payouts for life with a benificiary option of you die while this payout is in process . | If the burst pipe was caused by a maintenance issuethere is a good possibility that a claim would not be covered by your homeonwers policy and even if the claim is covered you may still be subject to the policy 's deductible . When you own a home maintenance of that home is something that can be quite challenging but needs to be done in order to prevent non-covered incidents from occuring . |
What Are Annuities? | It is important to note that the previous answer is specific to Immediate Annuities . More specifically Lifetime Immediate Annuities . There is also another popular form of Annuity called a Deferred Annuity . These actually will grow your funds , usually at a set interest rate , until you decide to either move the funds or to take income from them . If you decide to take income from it , you may do so the same way as an Immediate Annuity . You can choose a Lifetime Payout , a Lifetime Payout with Beneficiary Options , or a payout for a specific number of years . In short , an Annuity is a retirement savings tool that allows you to grow your money or to create an income stream from your money . | To be fully vested in a retirement plan means that if you left your job , you would be able to receive 100 % of your retirement benefits that were earned as a benefit in that job , upon your retirement . Vesting usually takes 1 to 6 years until the employee is fully vested in their company 's retirement plan . |
What Are Annuities? | An annuity is an insurance product . A life insurance policy protects you from dying too soon . An annuity protects you from living too long . Annuities are complex . Basically , in exchange for a sum of money , either immediate or in installments , the company will pay the annuitant a specific amount , normally monthly , for the life of the annuitant . There are many modifications of this basic form . Annuities are taxed differently from other programs . | Typically insurance NEEDS are determined by assets , liabilities and goals and desires ! So really Wants become a very real consideration . And this is true no matter where you live . If you are married and have a family , if you should die , do you want them to be able to continue in the same lifestyle as they live now for the rest of their lives ? Or do you just want to have your funeral paid for and maybe some of your creditors paid off ? My advise is to seek out an experienced insurance adviser , -LRB- or a few -RRB- , and ask them to help you figure out how much life insurance you should have to cover your needs and wants . |
What Are Annuities? | Think of Annuities as a way to safeguard your money . You ask an insurance company to hold your money , pay you growth on it , and then pay it all back to you later or over time . Variable products go up and down with the market , but indexed products never go down , and go up at an amount reduced from true market , but are totally safe . Thank you . Gary Lane 714 422 9616 . | Many life insurance policies issue up to age 90 . Some of these policies mature or endow at age 121 . Gender , age , smoking status , health history and current medical condition are all factors in life insurance , but more so with geriatric underwriting . Interestingly enough there are life insurance companies that seem more benevolent to seniors , even seniors who have impairments . |
Is AAA Good Car Insurance? | There are allot of good insurance companies out there . In fact they all strive to be the best in customer service and claims . One of the things you can do is some online research to see what feed back there is on any particular company . However no matter how good thecompany is it almost always comes down to the agent . I recommend when searching for a company you look for an agency who will know you personally and can assist you with your needs for the long run . | Auto rates are based on state law . In California there isnt any change in the rate because companies are not allowed to rate based upon age . In California they rate based upon experience . Drivers who have been licensed recently pay more than those who were licensed many years ago . Rates are changed at renewals but not based upon attained age In California . |
When Can I Receive Medicare Benefits? | You can recieve Medicare benefits when you turn 65 and meet the qualifications . Certain people under 65 qualify when they are disabled and receiving Social Security benefits for 24 months . People with End Stage Renal Disease , You can receive Medicare benefits under the age of 65 if you are diagnosed with Amyotrophic Lateral Sclerosis . | There are very few health insurance plans that pay for IVF . Most policies will not provide coverage unless required by law . Fifteen states have mandates requiring the certain health plans cover infertility treatments . Of that group only nine specifically require IVF coverage . These mandates apply mostly to group plans issued in the state , so if your employer is headquartered in a mandate state those rules may apply . On the other hand the mandates have loopholes . If you live in a mandate state you may not be guaranteed coverage . |
How To Choose Critical Illness Insurance? | When choosing critical illness insurance , you will want to look at which illnesses are covered . If you have a family history or fear of a certain health condition , you will want to make sure that one is included in your policy with 100 % coverage . You will want to purchase a plan that covers you to the years when contracting illnesses is more likely -LRB- in your later years -RRB- . You will want to get the most cost effective policy and choose one with a reputable company . | The Internal Revenue Code reflects the will of Congress . The underlying laws consider saving for retirement to be a worthwhile endeavor . The deferral granted to an annuity means that the taxes will be paid when the money is withdrawn . However , the effect of the deferral accelerates the growth of the annuity . There are ways to not only defer taxes but also not have to pay them when you withdraw them . |
Is The Cash Surrender Value Of Life Insurance Taxable? | Cash surrender value comes only with Whole Life Insurance , never with Term . It is the amount you can terminate your policy and receive . That amount includes both what you put in and what profit you made . The profit is taxable , just as most profit would be taxable . A far better idea would be NOT to surrender your Whole Life Policy , but instead to keep it and borrow against it and either then not repay it or choose to repay it as you wish . You continue to grow in value , even when the loan is out , and your policy stays in force , although the death benefit is reduced by the loan until it is paid back . There are numerous option you should discuss with a qualified agent . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Call anytime . Thank you . | What does long term care cover ? Well , Long Term Care picks up the non-medical cost of care involved for a person . Medical insurance or Medicare/Medicaid cover medical treatment for specific things . Long term care covers the cost in the daily upkeep for a person . Not so much in treating an illness directly but more assistance with daily life activities . |
Is The Cash Surrender Value Of Life Insurance Taxable? | The cash surrender value in life insurance is only taxable on the amount over your basis . Let me explain . Basis is considered the premium you paid in . For example , lets say over 20 years , you paid $ 1000 per year , totaling $ 20k . In this example , the cash value is $ 35k . The taxable amount is going to be what you have earned over the $ 20k you put in so $ 15,000 in this example is taxable . Consider however not surrendering this policy but taking loans out instead . Loans are not taxable , do not have to be paid back although I would recommend doing so in many situations , and as long as you pay the premiums on the policy to keep it in force , you will have no tax concerns . The Key here is NOT to let the policy lapse . Otherwise you may have a taxable event if the money you took out as a loan is greater that your basis . Contact your agent or reach out to me if you would like to learn why I would recommend you pay yourself back on the loan . Good Luck . | I recommend checking with your provider first . I believe most insurance providers would consider the procedure elective and not cover it . That said it may be covered if your doctor diagnoses the condition to be a physical and or a mental health risk . In that scenario it would be wise toconfirm the procedure would be covered by your provider before scheduling it . In the event it becomes an out of pocket expense you should still be able to take advantage of yourinsurance network discount provided the doctor is in network . |
Who Does USAA Use For Long Term Care Insurance? | USAA 's website states that their long term care insurance is underwritten by John Hancock Life Insurance Company -LRB- USA -RRB- . USAA Life General Agency -LRB- known in CA and NY as USAA Life and Health Insurance Agency -RRB- acts as an agent to provide long term care insurance to its members . Plans are not available in all states . | If the primary beneficiary dies prior to the insured a few different things can happen . First , when the primary beneficiary dies , the next in line or contingent beneficiary would be next to pay . If a third or tertiary beneficiary was named , then they would be next in line for death benefit proceeds if both primary and contingent beneficiaries die prior to the insured . If there is no contingent beneficiaries listed after the primary and the insured dies , then the death proceeds would be left to the estate . This is not the ideal situation because it can cause the proceeds to be taxed with the estate that are normally tax free . It also ties up the death proceeds up in probate court instead of paying directly to the beneficiary tax free . |
What Do You Mean By Deductible In Health Insurance? | A deductible is an amount of money that you must pay out of pocket before the benefits of the health plan kick in . Example : if a plan has a $ 2000 deductible , you pay the 1st $ 2000 , then the plan starts . Having said that , there are many benefits in which the deductible does not apply . The plan will state something like `` deductible waived '' for those benefits . Obviously , the lower the deductible , the higher the premium . | Long-term care premiums may be deductible on both the state and federal level as allowed in the IRS 1040 tax return and the state income tax return . There is a formula that changes annually that reflects the amount of premium that can be counted as deductible . However , there have been changes to the amount of allowable medical expenses that can be deducted since the inception of the PPACA . Long-term care benefits are not taxable as regular income as long as the policy is clearly indicated `` tax-qualified '' . Most policies sold today are tax-qualified and benefits paid from them do not need to be reported as income on tax returns . |
What Do You Mean By Deductible In Health Insurance? | A health insurance deductible is the amount you must pay before your benefits `` kick in '' and begin paying -LRB- for most services - some benefits , such as preventive care , provide coverage immediately -RRB- . The deductible amount varies by plan . For example , under the new Affordable Care Act , a catastrophic plan may feature a $ 6,350 deductible , a bronze plan may feature a $ 5,000 deductible , a silver plan may feature a $ 3,000 deductible , a gold plan may feature a $ 2,000 deductible , and a platinum plan may feature a $ 0 deductible . These figures are not the same for all plans on each metal level . The higher the deductible , the lower your monthly premium and vice versa . | Many seniors are under the impression that long term care is not affordable , even though most seniors believe that they will need , at minimum , assisted living at home . With human longevity rewriting retirement modeling , long term care insurance is a must for practical defensive planning in your golden years . |
What Do You Mean By Deductible In Health Insurance? | That is a great question ! In insurance speak , the deductible is the part of the cost of treatment that you must pay before the insurance company picks up what they promise to cover . It is the same with your auto insurance , or homeowners/renters insurance deductibles . As a general rule of thumb , the lower the deductible , the higher the price , so the idea is to find a policy that will have the lowest deductible that you can afford , with the most coverage . If you can find a policy with a low cost , you may be able to get a deductible that really works for you . I recommend that when the enrollment period rolls around this fall , that you go to the Affordable Care Act -LRB- Obamacare -RRB- site , WEBSITELINK site , and look there . The Act allows for subsidies that help discount the price of the policy . I have had many clients that have found affordable coverage there . If you would like help , please feel free to contact me , I 'm happy to help . thank you for asking ! | Beginning in 2014 , employers with 50 or more full time employees are required to provide `` affordable '' -LRB- as defined by the government -RRB- health insurance to their full time employees . All plans must meet Obamacare guidelines with regard to minimum essential benefits , deductibles and out of pocket limits . If they fail to comply with the law they will be fined . |
What Are The Similarities Between 401K And Roth IRA? | Both have annual contribution limits : 401k = $ 18,000 / year including employer match , Roth = $ 5,500 / year Both have catch up provisions if you are over 50 years of age 401 -LRB- k -RRB- is tax deferred but a Roth is with after tax contributions , grows tax free and distributions are tax free . Roths have income limits as well : If married filing jointly and make over $ 181,001 annual income , ineligible for Roth . Single - Annual income greater than $ 120,000 , ineligible for Roth . Neither of them have any guarantee of returns and no protection for principle . Can not access the funds without paying 10 % penalty and pay ordinary income tax on growth/contributions . The alternative to a Roth is cash value whole life insurance - unlimited contributions and guaranteed growth with principle protection - plus asset protection and liquidity . | Great question ! There are a couple of good reasons why a whole life policy might be a better choice than a term policy . The first is to ensure that there is money to pay for your final expenses , no matter how long you live . Many of the popularly advertised term policies end at the age of 80 . What happens if you live beyond 80 ? A whole life policy protects against that . Another reason is that if your health were to seriously decline , a whole life policy stays in effect . The changes in your health may prevent you from getting another term policy , or greatly increase its costs . A third reason would be to ensure the passage of tax free wealth to your survivors . You can outlive a term policy , and have nothing to pass on , where a whole life policy will guarantee that the money passes to your beneficiary . If you have more questions , please feel free to contact me , I 'm happy to help . Thanks for asking ! |
Can I Write Off Life Insurance Premiums? | In general terms you cant expense life insurance as a tax deduction . However , if you make qualified plan contributions , but not maximum annual contributions under the code , you may have room to include permanent life insurance as part of the overall contribution . You might be able to contribute up to 49.5 % whole life insurance or 25 % universal life insurance as part of your total annual contribution . There are economic benefit taxation issues in this strategy , so consult your tax adviser before moving forward . | Medicare does not pay for tooth extractions when it 's a routine dental item - this would be covered under a supplemental dental insurance plan . If you do n't already have one , you should consider buying a dental insurance policy - they 're very affordable , are guaranteed issue , and can save you a lot of money . Some policies will even cover a percentage of the cost of an implant to replace the extracted tooth . If the extraction of a tooth was needed in conjunction with a covered procedure such as reconstructing a jaw from an injury at a hospital , then Medicare would cover it . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any other questions . Thanks very much . |
Can An Illegal Alien Get Life Insurance? | No , an illegal alien can not get life insurance in the United States . Most life insurance companies require that the applicant be a citizen of the United States , be a permanent resident as documented by having a green card , or be legally working in the US on a temporary basis , as evidenced by having an H-1b visa . | The fence is included in most homeowners plans . Since fences can vary widely in cost there is a possibility that the fence would need to be individually valued in the policy . For normal fencing the claim might fall near or below the deductible which would make filing a claim to be futile . If you lose all or part of a fence get an estimate and call you agent before you report the loss to the claims department . The changes in your next years premium for having filed the claim could make it advantageous to forgo making the claim . |
Can An Illegal Alien Get Life Insurance? | Can an illegal alien get life insurance ? Legally ? NO . This is a question that often comes up among agents as some see this as an untapped market . Life applications generally ask about citizenship and ask for social security numbers . I suppose a person could fake their way through the process , but then it becomes fraud and the insurance company does n't have to pay . | In 20 years I have never heard of that . The only reason I can see is that after underwriting they discovered a falsity on the application , however they typically only have 2 years after policy issuance to determine that . Unless you have missed premium payments or purchased a policy with variable premiums and returns and have underfunded the policy it would be considered a lapse not being dropped . You would have received mailings as well as annual statements that indicated how long the policy would remain in force if you continue to pay the premiums you were paying . My suggestion is to get a professional agent to review your policy . You need to look at the original illustration that was provided to you when you first purchased the policy as well as any statements that the company provided you over the years . This way you can determine if premium payments were insufficient to cover the expenses . |
How Soon Does Life Insurance Pay? | Most life insurance companies pay a death claim without contestability within a few weeks . If the policy is in force for less than 2 years and the cause of death is suspicious , an investigation can be launched and slow down the process . Otherwise , once a death claim form and a certified copy of the death certificate is received by the carrier , the process is relatively short for turnaround . | Group term life is the policy most often provided by an employer . If you leave that employer you may not be able to take that coverage with you . You might be able to convert the policy to a permanent policy without providing evidence of insurance if you do so shortly after termination . If you are in good health you can apply for the policy that meets your needs and matches your budget . That is what a life insurance agent does for you . |
How Soon Does Life Insurance Pay? | For policies inforce for more than two years , routine death claims can take as little as a week from the time they receive a copy of the death certificate . Some insurance companies take longer . Policies less than two years old are within the contestability period and are investigated more thoroughly which takes longer . | Wells Fargo -LRB- the bank -RRB- does not offer/underwrite life insurance as they are a bank . They do , however , have an agreement with at least one life insurance company that underwrites policies that are solicited through Wells Fargo . Meaning , Wells Fargo makes money by passing on information of their new mortgagees to insurance companies and agencies as an extra revenue source . It also broadens their product offering . If you google `` wells fargo term life insurance '' and you read the fine print it will say the name of a life insurance company in there . |
How Soon Does Life Insurance Pay? | The entire claims process for life insurance proceeds is typically completed in a 2-3 week period from when the carrier gets the claim paperwork . Claim paperwork includes a completed claimant 's statement and a copy of the death certificate -LRB- some carriers may ask for additional paperwork -RRB- . If the insured died during the first 2 years of the policy -LRB- the contestability period -RRB- , the carrier will likely conduct a more in depth review regarding cause of death and if there were any issues with the paperwork when the program was placed in force -LRB- e.g. if the applicant intentionally lied on the application -RRB- . I hope the information is helpful - please feel free to contact me if you have any questions . Thanks very much . | The average cost of disability insurance is between 1 % and 3 % of one 's annual income . 1 % can buy a policy to supplement a group disability policy , or to possibly get a very basic standalone policy . 3 % should get a person of good health a policy with all the bells and whistles . |
How Soon Does Life Insurance Pay? | A good company , on a case with no questions , can easily pay within one week . A lesser company may take several weeks , and raise spurious questions to delay . They may then even try to get the beneficiary to put the money into one of their funds rather than just deliver their check . Be careful who you get your policy from . Thank you . GARY LANE . | This is nearly impossible to answer as the rate that is charged for each insured on an auto policy is going to vary based on the factors that are used by the carrier to determine the rate . Contact your local agent and discuss your coverage needs with them , they should be able to provide you with coverage and pricing information for your area . |
How Soon Does Life Insurance Pay? | If your life insurance has been in force for 2 years or more it is beyond the incontestability period and will pay soon after the claim form and proof of death is submitted . Varies by company but within a week or two would be the norm . If your policy is less than 2 years old , they maybe more details required to ensure you old the truth on your application and determine if death was by suicide . 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 . | A life insurance physical usually involves taking a blood sample , urine sample , blood pressure reading , and pulse . The examiner will weigh you and measure your height , plus sometimes waist or other measurements . You will be asked medical questions that you probably have answered already , but they are asked again to verify that the information is correct . Sometimes an EKG is done . |
How Soon Does Life Insurance Pay? | It depends on the type of life insurance you have . Some policies -LRB- life funeral preneed life insurance -RRB- will pay within 24-hours of your death and do NOT need a certified death certificate . These have been popular since around the mid 1980 's and are a good choice if people are depending on life insurance to pay for a funeral . Most other life insurance will be within 3-days of recieveing a certified death certificate . | Long Term Disability Insurance is very important for most people . There are many reasons a person can become disabled for months , years , or permanently . These include back problems , chemotherapy , emphysema , heart problems , arthritis , complications of diabetes , injuries that require rehab , kidney dialysis , MS , and more . Being temporarily or permanently disabled is not only hard on that person 's body and mind , it is also hard on his/her pocketbook . At the same time that expenses are adding up , being unable to draw a paycheck can be catastrophic . Long Term Disability Insurance pays the disabled person a regular paycheck while he/she is unable to work . There are different features and waiting periods offered , which allow you to adjust your policy to be as expensive or inexpensive as you want . It is important enough to look into , and any of us on this forum who sell it would be happy to help . |
Much Does Auto Insurance Drop When You Turn 25? | I 'm not trying to vague at all with this answer , butit is absolutely dependant on your carrier and your personal situation . There is no way to determine or give a number or percentage of how much your insuance should drop . It varys by carrier and evens varys by state . The pricing structure for a carrier is not the same in every state . For the best answer to this question , you really need to contact your local indepedant agent and ask them to provide you with a quote . Sorry , a better answer could n't be given . | The main thing to do with Life Insurance is to keep the actual policy and let someone know where you have kept it . As long as you have paid it in a timely manner , the insurance company will be able to pay the death benefit even if all you have is the policy number . It is also helpful to keep the last statement , so that if there is ever a contention , you can show that you paid it . Beyond that , some say to keep statements for 5 years , some say to shred them as soon as they are paid . There is no one right answer . |
Are Retirement Plans Protected From Creditors? | ERISA is a federal law which dates back to 1974 that sets minimum standards for retirement plans in the private sector . The protections provided to plan participants are extensive . Pension benefits are generally protected from creditor claims and from bankrupcy but there are exceptions . Consult with tax and legal advisers who have expertise in pension plans for specifics . | Jewelry is covered under a homeowners policy . Most homeowners policies have an internal limit to the amount of coverage for jewelry . Under the homeowners policy the loss of jewelry is subject to the deductible on the policy . People are rarely satisfied with the adjustment made on jewelry under their homeowners policy . A jewelry floater is supplemental coverage that can be provided and it will replace the lost jewelry or pay a stated amount . This coverage must be backed up by an appraisal . There isnt usually a deductible on a jewelry floater . |
What Is Metlife Disability Insurance? | MetLife offers several types of Disability Insurance policies . They offer both group and private long term and short term disability insurance , and offer disability insurance policies that are designed for certain occupations and business uses . To see the features of each type of policy , you can contact an agency that sells MetLife DI or contact MetLife directly . | The amount of coverage carried on a home is determined by the cost to replace the building and contents and the requirements of your lender . In California lenders can not require coverage in excess of the cost of replacement but when prices rise lenders sometimes pressure homeowners to carry more coverage to protect their investment . The insurance company will require an independent evaluation of the reconstruction cost and your agent is the best person to help you . There has been a great deal of discussion concerning catastrophic losses where neighborhoods or communities are destroyed . The problem then is a shortage of material and contractors to restore damaged dwellings . In these circumstances building costs can escalate quickly . If you sense that you might be in such a potential situation be sure to discuss that with your agent . |
Can The IRS Seize Life Insurance Benefits? | Great question ! The death benefit is safe , in nearly all cases , but if you are being pursued by the IRS for some reason , it would be my bet that while they may not be able to seize your money from the payment , they will probably seize whatever asset you put it in . Meaning if you buy a car with the money , and they are busy trying to get money you owe them , I 'd expect to see your car disappear eventually . -LRB- probably sooner than later -RRB- Good luck ! Thanks for asking ! | For legal information on the topic , it would be best to consult with an attorney who has a background with employer/employee benefits in your state . I do n't believe employers are required to offer life insurance to employees , but many do as an incentive to come work for their business . However , if the life insurance benefit is offered , I think there are minimum requirements that may need to be followed . If your job does not offer life insurance and you are looking to secure coverage , you would need to purchase an individual life insurance policy which my group can help you with . You can send me an e-mail via the contact me button next to my name . I hope the information is helpful - please feel free to contact me with any other questions . Thanks very much . |
Can The IRS Seize Life Insurance Benefits? | You will be very happy to know that the IRS can not make you pay any of the deceased debt to them or any other creditors unless you feel compelled involuntarily.By law the life insurance proceeds were created by a death claim . No creditor nor the IRS can force a beneficiary to pay any debts going forward . Most life insurance policies have this language written in them . The only exception to this law is if the beneficiary is a cosigner on a loan or mortgage . In this case the loan would roll in full to the cosigning beneficiary . | Annuity companies are required to invest the majority of their portfolios in bonds . They do have flexibility to invest in bonds that are rated high or low . If a high-grade bond is AAA rated , it will provide a lower return to the annuity company . If the annuity company is willing to invest in lower rated bonds , the return will be high because of the increased risk . Annuity companies also have the flexibility to invest in bonds with different maturity schedules . This can have an impact on your annuity renewal rate based on when you purchased your annuity and the timing as the bond market moves up and down over time . Annuity rates have recently dropped and while nobody has a crystal ball to know exactly where rates are going , here 's an approach you can think about and see if it addresses your concern . You can use what is called a `` ladder '' approach . Take the total amount of what you intend to put into an annuity and split it into 3 or 4 pieces . Purchase one annuity now with 1/3 or 1/4 of your total amount . Wait one or two years and do the same with the next 1/3 or 1/4 . Using this strategy can be effective during a time when annuity rates will be climbing . Of course , if annuity rates drop , it can work the other way . Remember , you always have the option not to purchase a 2nd or 3rd annuity if the interest rates are not to your liking . Using the laddered approach does leave the question as to what you do with the remaining funds during your `` wait and see '' time . That lost time can be a drawback if you 're just going to let your money sit in a bank CD which typically earns only a fraction of what an annuity can provide . Speak with a qualified retirement income professional that can look at your particular situation and help determine the best course of action for you . |
Can The IRS Seize Life Insurance Benefits? | Life insurance proceeds are income tax free meaning the IRS can not take money out of the death benefit paid out to the beneficiary . There are situations where the value of the death benefit can be included in the calculations of the estate for estate tax purposes . People generally use life insurance trusts when setting up the policy for estate planning purposes . | Medicare is looking at installing a new program in some parts of the country called the competitive bidding program -LRB- CBP -RRB- . The idea is to lower costs and create more accurate prices for certain durable medical equipment -LRB- DMEs -RRB- from suppliers . In short , suppliers `` bid '' to provide certain medical equipment and supplies at a lower price than what Medicare currently pays . Medicare then uses the bid numbers to set the amount it pays for supplies - winning bids are chosen as the contract suppliers for Medicare . |
Can The IRS Take Your Life Insurance? | NO , the IRS can not take your Life Insurance . When you die , the beneficiary will receive the death benefit . The IRS will go after the estate to pay any taxes that were owed from the deceased . Probate is the place anyone who is owed money by a person who is deceased , can go and make a claim for some of the estate . As a recipient of a Life Insurance death benefit , you receive the benefit direct from the life insurance company avoiding any probate . | Medicare does cover IVIG -LRB- Intravenous Immune Globulin -RRB- under Medicare Part B. However , while Part B will pay for the IVIG itself , it does not pay for other items and services related to the persons getting the IVIG in their homes , thus making the cost prohibitive for many patients . However , the IVIG Access Act signed into law in Jan of 2013 allows for all the costs of IVIG to be covered by Medicare within one year of signing . |
What Is Life Insurance Rebating? | Life insurance rebating occurs when life insurance agents pay part of their commission to their clients in exchange for writing a life insurance policy on them . The rebating may also take the form of gifts , trips , or discounts . It is used as a way to provide an incentive for people to buy from them . Life insurance rebating is illegal according to state insurance laws in all but two states , and is considered an unethical way to do business . Fines and penalties are high , so that most life insurance agents shy away from offering any type of gift at all to clients who have placed policies with them , even though small tokens of appreciation are legal in most states . | Insurance is not included when you lease a vehicle . However , you will be required to cover the physical damage of the vehicle along with your liability coverage -LRB- typically , at least $ 100,000 per person -RRB- . Getting the best car insurance rates for leased cars is easier when you use an experienced broker . That 's our job and typically the customer will save money , time and frustration . Of course you want the best available coverage , but it 's also important to shop the right way and get the best deals . |
What Is An Example Of A Disability Insurance Company? | There are many well known insurance companies that sell disability insurance both short and long term . Perhaps you may know Metlife , Assurity , Principal Mutual , Guardian , Mass Mutual or Fidelity Insurance Group . Even the big reinsurer Lloyds of Loudon sell disability insurance . For short term disability plans there are a few most would recognize like AFLAC , Colonial and Combine . | Regardless of company underwriting policies , if a driver gets a speeding ticket and that results in two points on his record his premium will increase by a minimum of 20 % in California because he would lose the good driver discount . With two points most companies would increase his premium rather substantially . The two points though can be really expensive . |
What Is An Example Of A Disability Insurance Company? | What is an example of a Disability Insurance Company ? While I use several , my primary choice is Berkshire through Guardian life insurance company . The reason I use this particular company is the definition of disability that they use I feel is one of the best still available for the insured . They are neither the cheapest nor the most expensive . It is just their definition of disability is short sweet and complete . I have found too many words in a definition often water the definition down , which can make payment a bit harder to get . Short and sweet , what is and what is n't , no laundry list of conditions to meet to collect . That is why I use them primarily . | There is not a huge difference in life insurance premium variance from state to state or even zip code to zip code . Life insurance premiums will vary more on health status and lifestyle factors much more than the state in which one resides . One 's health history and whether one eats right and exercises regularly will effect life insurance numerous times over . |