question
stringlengths 8
278
| actual_answer
stringlengths 77
6.04k
| incorrect_answer
stringlengths 77
6.04k
|
|---|---|---|
How Expensive Is Vacant Home Insurance?
|
Like many other forms of property insurance that can of course vary based upon location , proximity to fire services and coverage amount . However , one thing is certain . The premium cost to insure a vacant dwelling is significantly greater than the cost to insure an occupied dwelling due to the increased risk and exposure associated with such a property .
|
Can people with HIVget life insurance ? In the traditional sense ? no . Some states allow for guaranteed issue or graded policies to be sold . These type of policies will be priced much higher than traditional life insurance , but if one path is closed , another opens up and any person with serious health conditions should weigh out the cost to the benefit of having life insurance .
|
Can You Get The Cash Value Of A Life Insurance Policy?
|
Yes , you can get an illustration to show how much cash value is in your life insurance , by simply asking the company through which your policy is issued . Or , if you want to spend the cash value , you can take out a loan from your policy , or cash the policy in . If you take a loan against it and then pay it back with interest , you will maintain the death benefit of the policy . If you cash it in , or surrender the policy , you will not longer have any death benefit protection .
|
Great question . The way auto policies are rated today includes a myriad of factors and that makes it difficult to predict premiums . The factors include the personal details of drivers , including their driving records and their credit reports and the year , make and model of the auto . You may be surprised to find that an `` expensive '' Lincoln costs less to insure than a `` less expensive '' compact car . Why ? Because little cars are more easily totaled in an accident and total loss claims are more expensive than simple repairs to a heavier vehicle ! In general if there are no changes to all the moving parts , you may expect your rate to be stable and perhaps go down over time if you have no claims . Another interesting factor is your carrier 's position in the local market . For example , in Florida there is a lot of market volatility and carriers come and go in the market . A new carrier may have aggressively low rates as they are eager to write more business and get market share . Going with that carrier may be a good deal for the first year or two , but you may well see big increases at renewal as the carrier adjusts their position in the market .
|
When Does It Make Sense To Buy Whole Life Insurance?
|
There are two people for whom whole life insurance makes a lot of sense : 1 . Those who have a permanent need for death benefit -LRB- there can be a myriad of reasons for why someone might need permanent death benefit -RRB- 2 . Those who would like to add a low risk asset to their portfolio that is very market neutral .
|
The reason the claim is being contested is because the carrier has a right , and a duty to its policyholders , to make sure that the application was accurate and information it contains did n't materially misrepresent the health or history of the insured . People do resort to different moral standards when faced with the end of life without adequate financial resources for their family members . And , agents may not provide the best guidance while assisting in application completion . Once submitted , however , underwriting a new application is usually thorough and methodical . Within two years though , when a claim occurs within the contestable period , there are enough reasonable questions about the health and condition of the insured that these issues are revisited as a matter of due diligence . That is why the contestable period exists . Claims laws in every state do not give the carrier the discretion to drag their feet and they must generally act on the claim within a reasonable period after it is presented . My experience is that the benefit is paid within 60-90 days or sooner if the application was accurate and all known issues were admitted and acknowledged on the application -LRB- when the cause of death is not in dispute -RRB- . Nevertheless , it is a difficult time to be asked to wait for the policy proceeds . It has been my experience that the delay is usually reasonable and almost always results in a death benefit being paid . When challenges are found to the veracity of the application , it becomes more complicated and these increase the chance that all that will be paid is the premium and interest and not the life insurance benefit . That is a rare event , on average . However , insurance companies can not be asked to pay for claims on individuals when their condition would not have been accepted and a policy issued . To conceal material fact is a reason any contract can be voided and life insurance is just another form of contract , in the end .
|
When Does It Make Sense To Buy Whole Life Insurance?
|
The need to purchase a whole life insurance policy is based on your specific need . Whole life as the name suggests is a life insurance policy designed to have a death benefit that lasts your entire life regardless of age of death . Whole life insurance has evolved into what some consider the Swiss Army knife of life insurance policies . The cash value can be built up and used as a tax free retirement vehicle , a child 's college fund or future savings in life . Whole life insurance riders can cover terminal illness , critical illness , long term care needs or even some disability payments . Just be cautious when purchasing a whole life insurance policy . They can be rather expensive policies .
|
There are three types of policies you can get through AARP . The term policy has the lowest rates , and asks for a full health history . The permanent policy asks three questions , with multiple parts to the questions . And the guaranteed acceptance policy does not ask any health questions at all .
|
What Does Life Insurance Surrender Value Mean?
|
Life insurance surrender value is the amount paid to the policyholder if they decide to terminate the policy before the death of the insured person , or before the policy matures . Only cash value life insurance policies , such as Whole Life or Index Universal Life , will have a surrender value . The surrender value is the cash value of the policy , minus expenses and fees .
|
Medicare will cover corrective surgery that is considered medically necessary . If you have an injury to your nose , Medicare may cover surgery required to return you nose to the `` original '' condition . In other words , surgery to repair the FUNCTION of the nose , not the appearance . Similarly , if you have an illness such as deviated septum or skin cancer that requires surgery -LRB- including reconstructive -RRB- , Medicare will most likely cover the cost of surgery . But surgery strictly for cosmetic reasons is not an allowable claim .
|
What Does Life Insurance Surrender Value Mean?
|
Cash surrender value pertains to the asset value or `` living value '' of permanent life insurance policies . Permanent life insurance is designed to pay a death benefit to last a lifetime , regardless of when you die . The premium is higher than term because it has to last longer and build a cash reserve to help keep the premium level . The cash reserve means the insurance company can offer a cash value to the owner that grows over time . At any given point in time , the cash surrender value is the amount that the insurer will pay the owner if the owner cancels the policy . In the first few years , it is not uncommon for that value to be zero .
|
Not yet , but most individuals will be required to show proof of insurance beginning in 2014 or pay a penalty . Some groups of individuals are excluded from the mandate . This would include Native Americans and those who are excluded by virtue of a religious affiliation . If you are required to have coverage it must meet the minimum standards .
|
What Life Insurance Should I Buy?
|
To answer the question , `` What life insurance should I buy '' , certain criteria must be known first . For example , what is your primary objective for owning life insurance ? Do you want to have a tax sheltered and safe vehicle for wealth growth ? If the only purpose is to protect your loved ones from debt liabilities for a certain period of time should you die , probably a term insurance will be appropriate . However if you want insurance that will last your entire life and provide income or a legacy for your loved ones then Whole Life is what you need .
|
Index Universal Life Insurance allows you to allocate cash value in the policy to either a fixed account , an equity index account , or both . You are guaranteed not to lose your principal , even if the market drops . But your earnings are capped at lower than what you might earn if you were willing to risk the principal in a variable product . IUL is popular for those who want life insurance , want to take some advantage of the market , and do not want the risk of losing their investment .
|
What Life Insurance Should I Buy?
|
Product suitability is a priority when purchasing savings , investments and insurance products.Life insurance is no exception . Your need to first determine your financial liabilities and future obligations , then determine if they are temporary or permanent . That determination will help you decide between term life insurance and permanent life insurance .
|
No , enrollment in Part B Medicare is not mandatory . Some people put off enrolling in Medicare Part B until the next enrollment period -LRB- or more -RRB- after their 65th birthday because they are receiving good health insurance through the group plan offered at their place of employment . If you are enrolled in Part B Medicare automatically when you turn age 65 , you can turn it down . But do know the consequences of turning down Part B beforehand .
|
What Life Insurance Should I Buy?
|
You can peruse prices , use life insurance calculators , and discuss the type and amount of life insurance to get with your spouse and others . But I have found that after all this preparation , many people call in and find that their health restricts them from all but a few choices . So while it is helpful and important to get general information about life insurance , you can only know what life insurance is best for you by talking to an informed life insurance agent .
|
While I appreciate your confidence , I suspect that you will be better served to meet with an agent or advisor who handles variable annuities . The performance of the variable annuity is going to be linked to your choices of underlying securities . The advisors help in identifying your comfort level , or risk tolerance is critical to having a good experience with a variable annuity .
|
Does Life Insurance Really Pay?
|
All life insurance companies do pay their death claims . There are no exceptions to that . But when you buy your life insurance you need to make sure you are buying the kind you really need . ForInsttance , if you buy 20-year term life insurance it will only pay if you die in the next 20-years . If you live longer , it 's over .
|
CNA owns Valley Forge Insurance Company . For customer service or to report a death of a person insured under a Valley Forge life insurance policy , you can call CNA at 800-437-8854 .
|
Does Life Insurance Really Pay?
|
That is a great question ! I think that it is a shame that we even have to ask anymore if companies are honest ... In all the policies I 've ever written , only one did not pay out the whole amount , and that was because they thought there was some false answers on the application . They still paid back everything that had ever been paid in , plus some interest . There are a great many companies that are honest , and do the right thing . If you want to see how honest yours is , go to your State 's Department of Insurance site , and look at the complaints filed . If you are in the process of deciding whether life insurance is right for you , please contact me , and we 'll discuss your concerns privately . Thank you for asking !
|
A DUI can affect life insurance rates , or even cause a decline . But if the DUI happened years ago , it may not affect your rate at all . The key factor with a DUI is how long ago it occurred ; whether there was more than one DUI ; and , if alcohol treatment was ordered , whether you continue to drink alcohol . One DUI over 5 years ago will affect rates far less than repeat DUI 's within a few years , especially if alcohol abuse/addiction is present .
|
Does Life Insurance Really Pay?
|
Yes , life insurance really pays . Your question strikes a chord because beneficiaries really do feel that way when they get the check for life insurance proceeds after a loved one dies . `` It really paid ! '' And the main object of their gratitude is for the person who thought to buy that policy for their benefit .
|
Cash surrender value in lie insurance is the amount of money you would walk away with if you decided to end a permanent policy before you passed away , or before the policy matured . Term life insurance does not have any cash value , so has no cash surrender value . In Whole Life or Universal Life , there is a surrender charge deducted from the cash value the first years , so there may be little or no cash surrender value until you have had the Whole Life or Universal Life policy for a few years . The amount of surrender value will depend on how you funded the policy , whether you had any loans out against it , policy performance , and length of time the policy was in effect .
|
Does Life Insurance Really Pay?
|
Life Insurance is a legal contract . You have one obligation , pay the premium . The company has a primary obligation , deliver the death benefit . There are other obligations for the companies but to answer the question . The company must do their part , if you do yours .
|
Why do less than half of the U.S. population have individual life insurance ? In my experience , the majority believes their group term life insurance death benefit provided through their employer will be enough to pay their financial obligations at their death . This may be true but only for those who die during their employment . But what is the percentage risk of that happening ? I saw a study on the percentage of all term insurance plans which included group term that was in force when the insured died was less than 2 % . That means 98 % of the insureds and beneficiaries received $ 0.00 dollars from their term insurance plans . Would I advise not buying term insurance ? ` NO ' but I would only use term insurance to pay for temporary needs for cash , such as : payment of the Mortgage balance , cash to provide for children 's education , and debts that will be paid off prior to retirement . For financial obligations beyond retirement will need to be covered with personal savings or permanent life insurance plans . But for most savings or permanent insurance proceeds are insufficient to provide the Lifetime Income need for their Surviving souse . However , there is a NEW product design available that is much more affordable when Survivor income is the need . It has no product equal . It 's filed and approved in 47 states as a Reversionary Annuity . It 's a Survivor lifetime annuity that you do not have to fully fund .
|
Does Life Insurance Really Pay?
|
Yes , life insurance pays . However , if you commit suicide during the first two years , it will only repay the premium plus interest , so do n't think of doing that . Otherwise , for a death that is insured against , yes your family or friends will collect the payment . Unless the company is substandard , they will actually come to you and deliver a check . Those few substandard operations will try to get the payment to be placed into another policy , for the beneficiary , so they do not have to pay it all out . But they can not require that , and most companies will not even try to do that . The check is theirs and they are encouraged to take it immediately , and place it in a safe place , or if they choose , spend it right away ! Thank you . GARY LANE .
|
In some States , the Law requires for all Tenant Lease Contracts to include a clause requiring tenants to purchase and provide proof of Renters Insurance to the Landlord . In most States , this is not the case . However , a Landlord has the right to require a tenant to responsibly be insured as part of the agreement ; as long as both the Landlord and Tenant sign the Lease , it is a legal agreement . Renters Insurance is very inexpensive and provides a huge protection to both the Landlord and the Tenant in the event of a claim . The minimum amount of Personal Liability is $ 100,000 on most contracts and has no associated deductible ; the minimum amount of Personal Property coverage could be as low as $ 20,000 to which the policy deductible will apply . In order to generate the lowest premium for those uninterested in coverage but required to purchase coverage , one should obtain a quote for the minimum liability limit , the minimum personal property coverage and the maximum deductible . Providing an online format to obtain a quote and buy renters insurance online in multiple States ; may be useddirectly by Consumers . An exemplary online experience for all ! WEBSITELINK
|
Does Life Insurance Really Pay?
|
My father passed away recently at age 84 , and a policy that he had gotten at age 16 , paid . My mom said it was a poignant time for her . Steps you are taking now can show your love , and benefit those you leave behind , far into the future .
|
There are some statutory exemptions to the operating authority registration requirement . For example , carriers operating wholly within a commercial zone or within a 25-mile radius of an airport may not be required to obtain operating authority registration . These carriers , however , are still subject to FMCSAs safety jurisdiction and the USDOT registration requirement , in most cases . Interstate commerce generally occurs when a passenger is transported across a State boundary . In order to obtain operating authority registration , a motorcoach company must demonstrate that its operations meets the governments safety fitness standard and that the company is willing and able to comply with all applicable statutes and regulations , including regulatory insurance requirements . To obtain and retain operating authority registration , motorcoach companies must maintain and file evidence of $ 5 million in insurance coverage .
|
Does Life Insurance Really Pay?
|
Yes , Life Insurance carriers make good on their contracts all the time . If an individual had a life insurance policy in force and dies , his or her family will receive the death benefit proceeds . The insurance carriers will look for information about the cause of death . If no foul play or false reports a death benefit claim will be paid . It is important to be open and honest when filling out an application . Do not hide the fact if you are a smoker or have a family history of depression . We respect your privacy . It is always better to disclose this information upfront . After the ` two year ' contestability period , if you stopped smoking for more than one year and have no other health issues you should renegotiate the cost of insurance with the insurance carrier . It could end of saving you money over the length of your contract . The point is do not avoid purchasing life insurance or lie on the application because you smoke or have high blood pressure . You can always go back and renegotiate the cost of insurance . By misrepresenting information about yourself on the application you could put your family at risk in the event of death and a claim not being paid .
|
Life insurance proceeds are not taxed . The proceeds are directed to the named beneficiary . This is also a great option for estate planning . Tangible assets depending on how it 's structured , may be taxed . It 's best to meet with a licensed professional to design a program that can eliminate taxes to be paid . Life insurance can offset any taxes to be paid .
|
Does Life Insurance Really Pay?
|
Yes life insurance does pay.When you buy a policy that you plan on holding on to for 10 , 15 , 20 years or longer . You are entering into a long term relationship with this company . While rates and fees are important , the most improtant factor should be the strength of the company . You want it to be around so it can pay the claims .
|
Without knowing your age and the cost per thousand for your current life insurance , we can not calculate how much coverage you already have with CMFG . You can contact the Langley Federal Credit Union to inquire , or see this website to ask about making a change to your policy . WEBSITELINK
|
Is there a limit to what insurance will pay for minor damage (scratches on a rear bumper) on a 2002 vehicle?
|
When you file a claim the insurance company will determine the amount of damage . They policy will pay up to that amount . If you feel that the amount is inadequate you are entitled to appeal the adjusters decision . Usually the company that makes the estimate is ready to do the work and many companies will guarantee that work for a period for a period of time .
|
It could depend on how much you earn , what the plan limitations are and how old you are . If you used a 401k plan , you can contribute $ 17,500 -LRB- providing theres no employer limitations -RRB- and if youre age 50 and older another $ 5,500 . A SIMPLE IRA can contribute $ 12,500 and if youre over age 50 an additional $ 2,500 .
|
Is there a limit to what insurance will pay for minor damage (scratches on a rear bumper) on a 2002 vehicle?
|
Any settlement would be subject to your deductible , regardless of whether the damage was caused by another car , a stationary object or a human being -LRB- Collision -RRB- or by a falling object , hitting an animal or the like -LRB- Comperhensive -RRB- . Beyond the deductible , the settlement amount will be adjusted between the repair shop and the claim professional .
|
Most eligible retirees do not pay a premium for Medicare Part A . Once you have accumulated 40 Social Security credits -LRB- that means you have paid Social Security employment taxes for 40 or more quarters -RRB- you do not have to pay a Medicare Part A premium . Most eligible retirees pay a monthly premium of $ 104.90 for Medicare Part B for 2014 . This premium is however more for higher income individuals/couples . A premium chart is available on Medicare.gov . A typical stand alone Medicare Part D prescription drug plan will cost around $ 30 per month . Each of these parts of Medicare -LRB- A , B , and D -RRB- have deductibles and co-payments/co-insurance ; all details are available on Medicare.gov . Retirees often purchase a Medicare supplement insurance policy for an additional premium to provide coverage for Medicare Part A and B deductibles and co-insurance , or enroll in a Medicare Advantage Plan -LRB- Part C -RRB- to package and control costs of Medicare coverage . The average annual out of pocket cost per Medicare beneficiary per the most recent data is $ 4,600 per year . Any individual 's `` cost '' of Medicare will ultimately vary based upon their unique attributes and circumstances ; but to understand the variables and get some control over costs it isadvisableto meet with alicensed insurance agent/advisor who specializes in the senior/Medicare market .
|
Is there a limit to what insurance will pay for minor damage (scratches on a rear bumper) on a 2002 vehicle?
|
When you say -LRB- limit -RRB- or -LRB- minor amount -RRB- that would be payed out -LRB- in this case a bumper -RRB- that would be under the coverage for property damage on the policy . When you say -LRB- Minor -RRB- amount that ca n't be determined unless looked at by repair shop and the Adjuster to determine and agreed upon an amount to repair or replace the damage 's . In addition if the cost to repair or replace the bumper is more then the book value of the car then it would considered a total loss and a check would be cut for the Market value of the vehicle at the time of the accident .
|
There are many ways . First I would suggest reading your policy completely this will specify the coverages and exlusions that there are . You could also contact your local insurance agent and have them explain the coverages and exclusions contained in your policy . Contacting customer service within the company that issues your policy is another avenue for retreiving the information that you are looking for .
|
What Is A Medigap Plan?
|
Medigap plans -LRB- commonly referred to as Medicare supplement plans -RRB- are designed to help seniors who want high quality healthcare and are on Medicare , cover the gap between what hospitals and doctors charge for their services and what Medicare will pay.Health insurance is constantly changing , which can make finding the right plan for you very strenuous . Supplementing your Original Medicare coverage -LRB- Medicare Parts A & B -RRB- with a Medicare Supplement plan will help you create a very predictable expense structure for your healthcare and allow you to see any doctor you want that accepts Medicare . Any doctor that accepts Medicare will also accept your Medicare Supplement plan . There are 10 different Medicare supplement plans and they are all standardized , meaning a plan F from company A and a plan F from company B feature the EXACT same benefits . The 10 different plans available are plans A , B , C , D , F , G , K , L , M , and N -LRB- a high-deductible plan F is also available that features a $ 2,140 deductible in 2014 - the trade-off being a substantially reduced premium -RRB- . Each plan offers certain benefits some more comprehensive than others . Each plan must cover a core set of benefits -LRB- also known as the basic benefits -RRB- . The basic benefits are : 1 -RRB- Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up . 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment There 's a total of 9 benefits that can be secured . The other 5 benefits available under a Medigap plan are : 1 -RRB- Skilled Nursing Facility Care coinsurance 2 -RRB- Medicare Part A deductible 3 -RRB- Medicare Part B deductible 4 -RRB- Medicare Part B excess charges 5 -RRB- Foreign travel emergency -LRB- up to plan limits -RRB- Each plan features a different structure , Each plan covers a different combination of these 9 benefits -LRB- some of the plans feature coinsurance or copayments for certain benefits -RRB- . If cost is not a major factor for you , Plan F will be the recommended choice because it covers all 9 benefits at 100 % - it 's the most popular plan by far . If you 're looking to keep your costs down , but still have very comprehensive coverage , you may want to look at plans C , G , and N as well . When you 're looking to buy a Medigap plan , you should consult with an independent Medigap insurance agent to review the plans in detail to see which one will best serve your needs , help you identify all of the carriers offering Medigap plans in your zip code , and which one will be able to offer the coverage to you at the lowest cost -LRB- the plans are standardized so the biggest difference between them is price - the benefits are exactly the same regardless of the carrier you have the Medigap plan through -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including quotes and plan comparisons , and if you have any other questions . Thanks very much .
|
A very simple way to picture how a Universal Life policy works is with a river with a dam on it . If the dam is open and water -LRB- your insurance premium -RRB- is flowing into the river , the river gets longer . I.e. . The years your Universal Life lasts get longer , maybe even the rest of your life . At the same time , there is very little water in the lake , or cash value in the policy . If the dam is closed , the lake gets higher , or the cash value in your policy grows . However , the river will dry up . If you want your Universal Life to build up cash value AND have longevity , you need to add more water -LRB- premium -RRB- to it . The beauty of a dam is that it can be adjusted to harness the power of water . The same is true of Universal Life insurance . It is very adjustable and can help accomplish your financial goals .
|
What Is A Disability Insurance Plan?
|
A disability insurance plan pays you an agreed upon monthly amount for a period of time that you are disabled . Definitions for disabled vary and this is extremely important . Most policies provide benefits after a period of time passes . Most policies limit the time that benefits will be paid .
|
The ideal person that needs disability insurance is the person that 's most valuable asset is their ability to earn a living . If someone needs a steady paycheck in order to pay their normal living expenses , this is a prime candidate for disability insurance . You are 8 times more likely to become disabled from an injury or illness than to die .
|
What Is A Disability Insurance Plan?
|
That is a great question ! Disability insurance is a great way to `` protect your paycheck '' . The way that it works is if you are sick or injured , and are disabled to where it prevents you from working , then after a specified amount of time , the policy begins to pay you a specified amount . The specifics can vary quite a bit , so look around , and have a good agent guide you , but this is a great thing to have , especially if you work in a hazardous job , area , or are prone to illness . Thanks for asking !
|
Appreciable life insurance is also called Variable Appreciable Life Insurance . It is a type of life insurance that has an investment variable in addition to insurance protection . If the Variable Appreciable Life Insurance policy is Whole Life , the investment is is put into mutual fund funds which may cause the cash value to increase , decrease , or stay the same .
|
What Is A Disability Insurance Plan?
|
A disability insurance plan is a contract wherein the insurance company agrees to pay you a set sum of cash during the time you are `` disabled '' . You pay a monthly premium to get this protection . Depending on the wording of your policies and the features you choose , the policy could pay a large % of what your paycheck might have been simply because , e.g. , you are unable to concentrate on your work due to symptoms of MS or side effects of being on pain medication . The other extreme is that your policy would not pay unless you can not perform any job , even if you were a scientist but still able to work at a fast food restaurant . As David said , the definition of `` disabled '' is important . Use a knowledgeable agent to be sure you get a Disability Insurance plan that provides the level of protection you 'd like at the lowest possible price .
|
No . AFLAC is a supplementary insurance products insurance company that offers a variety of supplementary and voluntary insurance products . One of the products in their portfolio is a disability insurance product . But , AFLAC offers other lines of coverage such as accident policies , cancer policies , critical illness policies and life insurance policies .
|
Who Has The Best Homeowners Insurance Rates In Florida?
|
I would be cautious in looking only at the rates , especially in Florida . As an adjuster I can tell you that all policies are NOT the same . When reviewing a policy be sure to read everything carefully paying special attention to the declarations page as well as anything that your agent asks you to initial or sign . For example there are several policies that will exclude water damage and other policies that state the insurance company is going to make any repairs to your home in the event of a loss .
|
Most companies do not charge extra for any dog breads and yes some companies will not cover -LRB- accept -RRB- certain dog breads and you may want to check with your agent to see what the exclusions are . Some companies do n't mind any dog breed such as Farmers we do not care about the breed as long as it has not bitten anyone and if it has we will ask for an exclusion and will not cover the dog under your home owners . We also have pet insurance .
|
Does Health Insurance End The Day You Turn 26?
|
If you are on your parents ' health insurance plan you can stay on that plan until you turn 26 under the Affordable Care Act . Prior to turning 26 you will receive notification from your health plan that you will be terminated when you turn 26 . When you turn 26 you will have three options : If your parent 's plan is an employer sponsored group plan you will be offered COBRA . This would be the same plan you currently have with an administrative fee attached of 2 % if the employer has more than 20 employees and up to 10 % if the employer has under20 employees . If you are on an indivdual/family plan you will be offered a choice of plans from your exisitng health insurance plan . Your third choice is to find your own health insurance plan with the carriers offering individual plans in your state .
|
Universal Life Insurance , or UL , as it is written , is fixed . If you buy a Variable Universal Life policy , it will be labeled as such -LRB- or shortened to VUL -RRB- . You can not buy a Variable Universal Life insurance policy from an agent who is not registered with FINRA and licensed to sell securities . You can buy a UL from any agent licensed to sell life insurance .
|
When Should I Purchase Long Term Care Insurance?
|
You should purchase Long Term Care Insurance when you can still qualify for it . The underwriting is stricter , in some ways , than Life Insurance , so it is best to buy your policy before age related health conditions start to creep up on you . Also , rates are lower when you purchase your policy before age 60 .
|
Great Question : Renters insurance covers the named insured and his wife and kids . But for example if you live with a roommate you need to have separate policy for each of you guys . The insurance company wants each roommate to have his own personal renters policy to cover his personal property .
|
When Should I Purchase Long Term Care Insurance?
|
Most advisers introduce their prospects and clients to long term care at age 50 . But in reality , most people purchase long term care in their early 60s . But you may want to consider buying it earlier when your healthy and young , especially if your family has a predisposition to disease and/or a history of nursing home confinement .
|
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 from a couple hundred dollars per month to several thousand . 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 . This is where an independent insurance agent can really help you . They can work with you to look at a wide range of options from many of the top carriers in the industry .
|
Can I Keep My Ex Husband On My Health Insurance?
|
Typically , you can not keep an ex-spouse on a health insurance policy . And why would you want to . If you divorced him , I would assume you would like to cut all financial ties . Regardless , he can purchase a private health insurance plan and get his own coverage . An experienced broker can help him find the best options .
|
To find the right life insurance policy for you , your family or business , you need to define the financial goal youre trying to achieve . Are you seeking death benefit coverage , tax advantaged income or transferring assets to the next generation or two by creating an estate or mitigating taxes ? Each financial goal may result in using different life insurance companies , since no one company dominates all three categories . Life insurance companies have differing opinions on underwriting standard or better health categories and more so with substandard impairments . The top ten percent of life insurance companies have niche markets whether standard or better and substandard . Its important to shop independent life brokerage sources who spreadsheet these areas of concern , so youre confident youre purchasing the right policy best suited for you . We can help with that .
|
Who Qualifies For Life Insurance?
|
Because life insurance is all about statistics companies can provide life insurance for individuals in a wide range of health . There are some who can not obtain coverage because their longevity is in immediate risk , however , many who consider themselves uninsurable actually can obtain coverage . When life expectancy is not very long , the premium for the coverage is going to be quite high .
|
A 401 -LRB- k -RRB- is an qualified employer sponsored , defined contribution plan under ERISA , the Employee Retirement Income Security Act of 1974 . The contributions are tax deductible . -LRB- Some employers match some portion of the employee 's contribution . -RRB- The account accumulates tax deferred . And distributions are taxed as ordinary income at the effective tax bracket rate of the plan participant .
|
Who Qualifies For Life Insurance?
|
Most people qualify for life insurance . There are many different types of polices that range from those with the strictest underwriting -LRB- those have the potential to have the lowest price -RRB- to those that have no medical requirements at all -LRB- those have the potentially highest price per thousand dollars of insurance -RRB- . Due to all these choices , there is a policy out there for nearly everyone .
|
Lawyers and doctors have malpractice insurance . Your business insurance 100 % exclude coverage for any claim associated with your professional advice . Same like with doctors , when a person tripped and fell in your office - your business insurance should take care of this . But if there is something related to your performance as a legal adviser -LRB- for example your former client claims you did n't fulfill your fiduciary liability -RRB- then your malpractice insurance should take care of this issue . We have great markets for solo practicing lawyers and law firms as well as malpractice insurance for lawyers working in-house as legal advisers for other companies . You can get started by completing a short application online at WEBSITELINK
|
Is A Deferred Compensation Plan A Retirement Plan?
|
Deferred compensation plans are generally an additional executive retirement plan when a qualified plan contributions have reached their maximum . Although the employer ca n't deduct the plan until the employee 's retirement date , the plan generally has a vesting schedule that can be a golden handcuff to the key executive to stay on until it 's fully vested . The plans accumulate tax deferred and are taxable as ordinary income during distributions .
|
That 's a good question . You will need the following information . Your full name , Date of Birth , address of the home , phone number , the year the home was built , living square feet , condition of the home , updates completed for plumbing/electrical/heating / roof , list of pets , central station alarm information -LRB- if you have one -RRB- , wood burning stove answer -LRB- yes/no -RRB- , trampoline question -LRB- yes/no -RRB- , pool -LRB- fenced ? -RRB- , prior claims to the property and to you , and usually your social security number , purchase price , estimated rebuild cost and appraisal . Having all of that information will help you get the best rate possible on your homeowners insurance . Many insurance companies will have different tiers they can offer . Many factors go into rating a homeowners policy but generally it will depend upon your credit history , cost of reconstruction , prior claims and the deductible you choose . Hope this answer helps you !
|
Why Does My Health Insurance Go Up?
|
What people pay for their health insurance increases as they get older . The reason for this is that as you get older , the average person typically needs/uses more health care resources . For example , when you 're young and healthy , most people only go see the doctor when they have an injury . When you 're in your 50 's and 60 's , the body changes and needs more maintenance and observation . Older persons generally go to the doctor on a routine basis every year . Carriers also change their rates periodically because they have to have the funds available to pay claims . If they have an increase in claims one year , they will likely have a premium increase on their policies the next . I always recommend people consult with an experienced health insurance broker - we have an in-depth knowledge of a wide range of products available in the marketplace and can help you find the health plan that 's going to be most suitable to your needs and your budget . Please feel free to contact me for help . Thanks very much .
|
Interesting question , well the amount that a health agent makes depends on many factors . We are paid percentages on some plans and a set amount on others , IN addition some plans offer advancing and some do n't . There is really no way to calculate what the pay actually is .
|
Why Does My Health Insurance Go Up?
|
Ever year , rates increase due to mortatlity tables . Simply put , we get older each year . As we age , our health deteriorates . We see more medical issues as we age . Thats one of the reasons premiums increase . Its best to shop around prior to your renewal date to get the best option for you .
|
When evaluating long term care insurance , you will be given a spreadsheet of 2 or more companies ' products to compare . This makes it pretty easy to compare similar features of each policy . You will want to evaluate the companies : their rating , their rate hike history , whether they have a disproportionate number of claims against them . You can check the cost of care in places that provide long term care in your area , to make sure you are not buying too much or too little coverage . And here is a helpful evaluation sheet to examine different features of your policy : WEBSITELINK
|
Can Creditors Get Life Insurance Money?
|
If the insured person passes away with outstanding debts , and the beneficiary of the policy is his/her estate , creditors can attempt to get life insurance money to repay those debts . If the beneficiary is a person , the person is safe from the insured person 's creditors , unless the beneficiary is a co-signer to the deceased 's debts .
|
It depends on which tax deferred annuity you choose and their crediting methods : interest rate crediting , indexed crediting and separate sub account crediting . Historical returns are no guarantee of future performance , but each crediting method over long periods of time has made money . Keep in mind that indexed annuities may credited zero and variable annuities separate sub accounts can lose money like any security product . You can also select distribution options like 10 or 20 years certain , even life only .
|
Can Creditors Get Life Insurance Money?
|
I life insurance policy is a contract that operates outside of probate . Debtors present obligations to probate . The only way that life insurance proceeds would be used to satisfy debtors is when the beneficiary has died or the beneficiary was the estate . There are ways that a debtor can secure their debt with life insurance and many do that . Mortgage companies can not secure debt with a life insurance policy , their recourse is the residence .
|
When the insured dies , the policy beneficiaries file the certificate of death and news paper obituary with the death claim form from the insurance company . Once these documents are received and in good order , the life insurance company may take between 30 and 60 days to process the check and deliver it . It may take longer if the death claim occurs within the two year contestibility period .
|
Can Creditors Get Life Insurance Money?
|
Ill tell you one way they can : by making them the beneficiary on your policy . Its a common mistake , and it can be costly . When men and women go into business for themselves , they often take out a bank loan to jumpstart the enterprise . Many lending institutions require life insurance to be in force on the borrower . They simply do not want to have to chase the heirs or estate custodians in case their client unfortunately dies before the loan is paid up . The question is , how can you arrange for them to get only the amount that is due on the loan at the time of death ? You may take out $ 1 million loan initially , but seven years down the road you may owe only $ 750,000 . How do you prevent them from getting the entire million dollars of benefit ? One very effective way of accomplishing this is through the use of a collateral assignment . As soon as the policy is put into force , the owner signs an agreement signing over the benefit to the lender . But , the agreement is careful to stipulate that only the outstanding amount of the loan would be payable . This is how it would work : the estate of the insured files a claim . The insurance carrier sees from their file that a collateral assignment has been executed . They then contact the lender for proof of the outstanding amount . Once that proof is provided , they are sent a check . The beneficiary gets the rest . The lender gets only what they are due , as they should . But I think you can see the trouble that could be caused if you made the lender the beneficiary . They would get the entire amount of the benefit even if they are not owed that much ! The collateral assignment is a neat little tool that is not complicated and can be executed in a day . But it goes along way towards securing your life insurance benefit for both your creditors and your beneficiaries .
|
Life insurance is a good idea for children in the respect that the policy will ensure that they are insurable into their adulthood . Here is an example : A child is added to a $ 20,000 term rider on their parents life insurance policy , along with all their other siblings , all for one low price . The child is found to have a congenital heart condition , corrected by surgery , but the diagnosis follows them . At age 21 , the now young adult is able to convert their $ 20,000 to $ 100,000 of permanent life insurance rated Standard .
|
Is Xgeva Covered By Medicare?
|
XGEVA -LRB- also known as denosumab -RRB- is an FDA-approved prescription medicine used to prevent serious bone problems in patients with bone metastases from solid tumors that is covered under Medicare Part B . An estimated 70 % of Medicare beneficiaries with supplemental coverage pay no out of pocket cost forXGEVA , other than possible costs associated withoffice visit , physician , staff , or administrative charges associated with administering the drug . For those who do not have complete covered , the drug manufacturer offers assistance , known as First Step . Details can be found at WEBSITELINK
|
Blood pressure monitors for home use are not generally covered by Medicare as it 's not a listed durable medical equipment item . A couple of exceptions are sometimes considered to for it to be covered , such as : 1 -RRB- If you 're receiving blood dialysis in your home and a blood pressure monitor is needed . 2 -RRB- An ambulatory blood pressure monitor that records blood pressure readings for a 24-hour cycle for persons with `` white coat hypertension '' If an exception is granted and the device is covered , Medicare Part B pays for the rental of the monitor if rented from a Medicare-certified supplier of medical equipment . Medicare Part B 's portion would be approximately 80 % of the expense - you would be responsible for the remaining 20 % . If you have a Medicare Supplement -LRB- Medigap -RRB- plan , then the plan would cover the other 20 % . If you would like to look into purchasing a Medicare Supplement plan or see if you can lower the rate of an existing one , please do n't hesitate to contact me for help with your coverage . I hope the information is helpful - thanks very much .
|
Is Xgeva Covered By Medicare?
|
XGEVA -LRB- also known as denosumab -RRB- is an FDA-approved prescription medicine used to prevent serious bone problems in patients with bone metastases from solid tumors that is covered under Medicare Part B . An estimated 70 % of Medicare beneficiaries with supplemental coverage pay no out of pocket cost forXGEVA , other than possible costs assocaited withoffice visit , physician , staff , or administrative charges associated with administering the drug . For those who do not have complete covered , the drug manufacturer offers assistance , known as First Step . Details can be found at WEBSITELINK
|
Yes , it can . . or it can fail . When a person decides a Variable Life policy is the choice of plans they want , they must realize they are making a commitment to monitor and track and adjust that policy for the life of the policy . A Variable Lfie Policy is not a purchase , put away and forget till you have a death claim policy . If a preson does that , there is a strong chance the policy wo n't be there . A VUL requires review and action -LRB- like rebalancing -RRB- on a consistent level through the life of the policy . While this may sound like a chore , it is also what can create the advantage of using a VUL in your portfoilio . The ability to adjust the investment part of the policy to take advantage of market opportunities . If you are considering a VUL as a purchase , ask yourself if you are willing to pay attention to your policy and make adjustments as needed during the life of the policy to make it work for you . If that sounds like too much work , a VUL is not a choice for you . No worries , there are other choices out there that can help you too .
|
Does Medicare Cover Osteopathy?
|
Osteopathic treatment can be covered by Medicare in certain situations . Osteopathic care must be deemed medically necessary , the same standard of care required for ANY medical treatment . The treatment must be recommended by a medical doctor as part of CDM -LRB- Chronic Disease Management -RRB- . Your care generally must be coordinated under a team approach .
|
Not using a broker . You are likely an expert in your field , which is why you started a business . However , there are many aspects to running a business that have nothing to do with your industry , for which you will need the advice of a professional . A licensed insurance agent will save you time and money because , at zero cost to you , the agent will do all the research to find you the best health plan that suits your particular need . This will free you from scouring the various insurance companies and their numerous plans , hoping you are making the right choice . Your agent will inform you about subsidies you may qualify for and they will continue to keep you informed of changes that affect your coverage year to year . Although many people may have the same health insurance plan , not every plan is right for every person . An agent will be able to help you design a benefit plan and explain what coverage you have so there are no unwelcome surprises . Good luck !
|
How Much Is Life Insurance For A 18 Year Old?
|
It 's going to depend on a number of factors including whether the 18 year old is a male or female , their medical history , height/weight profile , any tobacco usage , the amount of coverage you 're looking to secure and how long you want it guaranteed for . Many individuals look at securing a guaranteed universal life or whole life policy for an individual at such a young age as they can reasonably expect to live for a long time , meaning the rates are much much lower than someone who is in their 30 's , 50 's , 60 's , etc. , where the number of years of remaining life expectancy would be less . Consult with an independent insurance agent/broker to see what plans are available and what structure would be best suitable to meet your needs . You can send me a private message by clicking on the `` contact me '' button if you would like assistance with your and your family 's life insurance needs .
|
In California , all the drivers in a household should be listed on the auto policy . The policy covers all the drivers in the household unless they are excluded . If your brother lives with you all you have to do is notify your agent . If your brother does not live with you but is going to drive your car , with your permission , you are not required to do anything . Insurance follows the car and the car will remain insured as long as the driver has your permission to operate the car .
|
Is Annuity Inheritance Taxable?
|
Generally speaking , yes , inheritance from an Annuity is taxable . It can be subject to all normal federal and state taxes that are applicable to inheritance . This can vary depending on your federal tax situation and your state & local tax laws . If you have inherited or expect to inherit Annuity proceeds you should speak with a CPA or Tax Attorney .
|
The so-called public health insurance option was an idea floated around when Obamacare laws were being crafted . The idea was the federal government would provide a plan , similar to Medicare , for individuals to consider in addition to private health insurance plans . The public option never got off the ground as it was deemed too expensive .
|
How Many Americans Have Renters Insurance?
|
Not sure , but I bet not enough . Unless you rent from a complex or building owner who requires you to carry such coverage , unfortunately , Renters Insurance is one of those things that far too many folks do n't really think about . Bottom line is this : if you own personal property and have some sort of Liability exposure -LRB- which we all do -RRB- andyou are renting your home , you need Renters Insurance . Be sure to talk to your Insurance Professional today if you can .
|
To clarify , Life Insurance is not Medical Insurance , and will not cover most treatments . But , there is a very important exception . If you obtained life insurance before coming down with a major illness , it will cover you with a death benefit , but MORE IMPORTANTLY FOR MOST PEOPLE , if there is a new , or experimental medical treatment which may save your life when you are diagnosed with a deadly illness , and have less than a year to live , and your medical insurance will not cover the treatment , or you do not have the money to cover that treatment , YES , life insurance with some of the best companies will actually cover that treatment for you . It will reduce your death benefit , but which would you rather have , a large death benefit , or your life ? Great question . Thank you . GARY LANE .
|
How Does Deductible Work On Home Insurance?
|
When you have a claim the initial settlement will be based on the actual cash value of the property lost . The deductible is applied on property losses and other listed losses but not liability nor medical payments . The company will then pay the part of the loss that exceeds the deductibles . They will normally only apply one deductible per occurrence .
|
Medicare HMO insurance plans are a form of Medicare Advantage . With a Medicare Advantage plan you are no longer in original Medicare but in a private form of Medicare . You are limited to using their approved doctors only . When you receive treatment outside of the HMO network you have no coverage , except in the case of a true medical emergency .
|
How Does Deductible Work On Home Insurance?
|
When and if you put in a claim for home owners insurance . What ever the pay out on the claim it will be minus your deductible therefore make sure you have the deductible saved up for that rainy day if and when needed . If you not sure contact your agent and ask the general question to be more clear on what your inquiry is about .
|
A life insurance trust separates ownership from the insured 's estate for estate tax reasons . While life insurance is generally income tax free , it is not estate tax free . If estate taxes are going to be an issue for a family in the future , it is a good idea to consider as it pulls those assets out of the taxable estate and can be set up to pay towards the insureds estate tax bill .
|
How Does Deductible Work On Home Insurance?
|
Great question ! The deductible on your homeowners works exactly the same way that it does on your health or auto insurance policies . Whatever amount the deductible is , that amount you are accountable for first . Often people will opt for a higher deductible to keep the monthly cost low , and as long as they have a savings fund to cover the higher amount , or are blessed to not have to file a claim , that is a great strategy . On the flip side , if that is n't the case , and a claim is filed , that higher deductible can be a real problem . It is very important to find a level where the deductible is affordable , as well as the policy . Thanks for asking !
|
Life insurance is for life if it is a permanent policy , or if the insured person dies before the term policy ends . Since no one knows when they will pass away , the only way to be assured of having life insurance for life is to get a permanent life insurance policy .
|
Is Variable Annuity A Good Investment?
|
Product suitability for each client is important . You need to establish a personal financial profile that includes a risk tolerance assessment , your financial goals and a life expectancy review . A non-qualified variable annuity is a security and an insurance product that accumulates tax deferred with a guaranteed interest rate account and separate sub accounts with using equities and bonds . Variable annuities are generally expensive , so the value proposition has been called into question by many advisers . The inventory of variable annuities is significant and you may want to review the Morning Star reports on any variable annuity you may be considering . Variable annuities can lose money , so make sure your risk tolerance fits the product .
|
Finding unclaimed life insurance can be a painstaking task . I have to assume you are looking for a policy within your family . First , you will need to be prepared with information about the insured . Second , go to MIB.com . In the upper right hand corner you will find a link saying , `` find a lost policy '' . There is a fee for this service and it certainly is not guaranteed you will find the policy however this is where I would start . Good luck .
|
Does Medicare Cover Knee Walkers?
|
Knee walkers can be a covered expense under Medicare if your doctor approves the equipment . As with any DME -LRB- durable medical equipment -RRB- purchase you should use a Medicare approved supplier that accepts Medicare assignment . Providers that do not accept assignment can balance bill you which will substantially increase your OOP expenses .
|
You should always purchase your life insurance from an independent life agent or life licensed , registered representative , who access wholesale brokerage shops with a huge inventory of life insurance companies . Be advised that proprietary career agents may offer their product line without shopping the inventory of life insurance available through brokerage .
|
Does Medicare Cover Knee Walkers?
|
As a rule , yes . If they are medically necessary they should be covered as durable medical equipment under Medicare Part B. Your doctor would have to prescribe them and he would generally get approval from Medicare . You would be responsible for 20 % of the Medicare approved amount .
|
Car insurance payments can vary between $ 30 per month to several hundred dollars -LRB- or more -RRB- per month . The cost depends on the types of vehicles you drive , your driving record , where you live and the coverage you have . An experienced broker can quickly shop for the best price and show you the best offers . That 's our job .
|
Can A Health Insurance Company Cancel My Policy?
|
Generally the answer will be `` No '' as long as you make your premium payments on time . In the era of health care reform the health insurance company is more restricted than ever before in how they both can issue and terminate policies with their customers . Essentially , you would have to be found guilty of fraud or misrepresentation in your application to reach the level where the insurance carrier could terminate a person for reasons other than non-payment of premium . Another , more benign situation , where a given insurance carrier may have to initiate policy termination is when the policyholder moves outside of the geographic area served by that carrier 's health plan . In this event the policyholder would have a change of life status event allowing them to enroll in another health insurance plan in their new location .
|
Yes . As long as the driver is licensed and has the owner 's permission to drive the vehicle . But the term `` occasional '' means different things to different companies . Some companies are more strict about it than others . The rule of thumb is : list everyone living in your household that is above driving age . And list anyone else who does n't live with you , but has regular access to your vehicle . A lot of people get burnt on this because they try to hide their high school aged kids from being on their policy ... . Huge mistake !
|
Does Medicare Part D Cover Zofran?
|
It depends on the Part D plan you have . Since it was first introduced as a medication to reduce chemo-induced nausea , Zofran -LRB- ondansetron -RRB- has quickly become a standard anti-nausea medication for non-chemo use as well . Because of this , more plans are now paying for the medication although often they will have a limit on the number of tablets you can have per refill or per month .
|
In olden days , this was quite a chore . Fortunately , many resources are now available . With a little digging , odds are you can come up with the policies . Here are some resources for you : Personal records Safe-deposit box , file cabinets . Also go through bank statements to find debits from insurers . Organizations Former employers , unions , fraternal organizations , and professional organizations all may have sponsored policies . Insurance companies People often buy life insurance from the same companies from which they purchased auto and home insurance . State insurance departments Some states have created online databases to help find policies . Policy locater services I have no personal experience with any of these , but I know they exist . They typically charge a fee . WEBSITELINK WEBSITELINK WEBSITELINK Here is a good overview for you from Consumer Reports : WEBSITELINK Let me know how it goes !
|
Does Borrowing Against Your Life Insurance Policy Work?
|
First of all , cash value life insurance is a bundled product and a bad investment . You should always separate your life insurance from any savings or investing that you are doing . Remember , life insurance is only there to protect your assets , pay off any remaining debt , and replace an income for your spouse . With this said , borrowing from a cash value policy means that you are borrowing from yourself and paying interest on the money that is saved in the policy . At the same time , your death benefit will decrease dollar for dollar by the money that you borrowed from your cash value . Now , you are paying the same premium for less insurance . Therefore , the benefits derived from borrowing from a life insurance policy will only be on the side of the insurance company .
|
Well , it depends ... Original Medicare only covers about 80 % of your hospital and outpatient charges . Seniors with a healthy bank account may not need or desire to purchase a Medigap -LRB- supplement -RRB- plan . While you may be healthy now , your health can change at any time . If you are hospitalized 3 times during a calendar year for unrelated medical conditions you will have to pay a deductible of $ 1184 -LRB- 2013 Medicare Part A deductible -RRB- for each admission . Medicare Part B outpatient charges can become expensive as well . After you have paid the calendar year Part B deductible of $ 147 -LRB- for 2013 -RRB- you are responsible for 20 % of the remaining charges not paid by Medicare . An $ 800 CAT scan can leave you owing several hundred dollars . Medicare supplement plan F covers 100 % of approved Medicare Part A and Part B charges .
|
Does Borrowing Against Your Life Insurance Policy Work?
|
Are you kidding me ? You can say that for all individuals from all income levels , with different concerns that a term policy or a spousal trust would always be a better option ? First of all anyone who qualifies any insurance policy structuring by referencing the total population of current and potential policy holders and does not give you a mixed message then they do not fully understand or do not care to fully answer the question as to the benefits or drawbacks of a policy -LRB- assuming that they are not basing their statement in the fact that the policy structuring will be eliminated/or significantly compromised by federal regulations -RRB- . First of all I am including Indexed Universal Life under the whole life product line , some professionals like to clearly separate the different options , which can serve a purpose . However I will assume a limited working knowledge of life insurance structuring regarding the average consumer who would be asking this as the first question that they would like to address once they take a seat in ones office . That being said most people who have not been educated or taught themselves the life insurance market are only familiar with Term and Whole . At very least it is a good place to start as those looking for final expense plans have no interest and are not going to benefit from hearing about all of the whole life policy structurings , and a individual who is trying to figure out how they can reduce estate taxes , avoid taxes for surpassing federal and possible state gifting limits they do n't have any interest in term life and are probably going to be using life insurance along with setting up a or several trusts to help them meet their need . If you already have a standard whole life policy and your goal when purchasing the policy was maximizing distributions to beneficiaries than I would say that the majority of policy holders that fit into that criteria would be best off leveraging the equity in their policy to meet their `` borrowing '' needs . This is also assuming that the policy has been in force long enough to establish a respectable cash value -LRB- depending on the policy , the premiums paid and the interest rates a rough estimate would be 8 years from the policy issue before you would consider borrowing from the policy except for in a emergency -RRB- . Basically the most efficient way to borrow from such a policy would be using the cash value in the policy as collateral -LRB- as you would a car or a house -RRB- on a bank loan . This will give you the most options to shop around for the best interest rates and will simplify the entire process for you . Right now Indexed Universal Life policies are dominating the market . They can be a little more complex and confusing . However they are seeing such widespread growth because of their interest rate structuring , and because they serve as fantastic duel purpose policies . By purchasing a policy with a face amount that is appropriate for your needs but far less then you had initially had in mind the policy will accumulate a significant cash value that can be used as a college fund , a retirement fund , or many other situations . One would generally want to plan on contributing to the policy for a specific amount of time before they will be requiring the distributions . But the amount of time you will want to give the policy to grow the cash value will depend on your needs , if you want to use if to provide a extra $ 40,000 annually to supplement your post retirement stream financial goals for 20 years then it will probably have to grow for about 25 years . If on the other hand you are just looking to find the most beneficial way to structure a college fund that will only be making distributions for 4-6 years then one can achieve this in a far smaller time frame , by the way I personally have funded my daughters higher expense costs from a IUL policy and I think that they are very often the best option , a professional with your best interest motivating their actions will always look into the options run calculations and then present you with your options and empirically show evidence that supports their value statement and product comparison . That 's all I am going to say except if one does not believe in cash value policies then what do they purpose as a better way to maximize transfers of wealth . - Christopher J. Lawrence [email protected]
|
No , Obamacare does not cover Medigap , or any other Medicare related expenses . In fact , Obamacare actually calls for over $ 700 BILLION in cuts to the Medicare system over its first ten years , a budgetary item that places the benefits available to our country 's senior citizens at tremendous risk . The benefits of Obamacare are only available to those under the age of 65 , which basically equates to this law taking money away from caring for our nation 's seniors to secure coverage for younger individuals , at least those younger Americans that do not make enough income to cover the cost of coverage themselves .
|
Does Borrowing Against Your Life Insurance Policy Work?
|
Borrowing from existing cash value life insurance can work . Youll need an in force ledger from the life insurance company illustrating the policy loan including the interest charged to borrow your money . If you dont pay the interest charge it will cannibalize cash values to make the interest rate payment . There are several policy loan interest charging methods : Zero net cost loans , wash loans , spread loans , direct recognition loans and participating loans . Keep in mind that tax free policy loans are predicated on the policy remaining in force for the life of the policy insured .
|
Yes you can . Having a tough credit history may mean that you pay more for the coverage than say your neighbor who has very good credit . Credit really only effects the base pricing when a car insurance policy is being rated . This is very much unlike a bad driving record or accident history that can directly effect not only pricing but availability of standard issue car policies . As has been said before , keep in mind that credit is only one of many factors that can have an effect on what you pay for your car insurance protection . Talk to your Insurance Professional about any available discounts .
|
When Must I File For Medicare?
|
When you turn age 65 you are automatically enrolled in Medicare Part A and Part B . You can refuse either part if you wish , but refusing Part A will disenroll you from Social Security . If you are covered under an employer group health insurance plan you probably do n't need Part B.
|
This is truly an impossible question to answer . There simply are too many variables in buying life insurance to give a blanket answer to this question . However , you can look on the internet at instant life insurance quote engines to get an idea , if you have good health or some controlled health conditions . It is best to follow it up with a call , as no quote engine can accurately cover every base when it comes to calculating your rate .
|
How Are Retirement Annuities Taxed?
|
Retirement Annuities are generally annuities held in qualified retirement plans . Contributions are deductible . When qualified plan distributions are paid to the plan participant , the entire amount is taxed . Non-qualified annuities used as retirement plans are taxed on gain , but not on basis or original contributions . Original contributions are not deductible .
|
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 .
|
How Are Retirement Annuities Taxed?
|
Generally speaking a retirement annuity has had all growth tax deferred . It is this growth that would be taxed when withdrawals are made , regardless of when that would be . If the annuity is funding an IRA all of the distribution would be taxable income and there could be a 10 % income tax penalty if the money is withdrawn prior to age50 .5 . If the annuity is funding a Roth IRA the distribution is entirely tax free if the contract has been held for five years and the participant is older than 50.5 .
|
Renters insurance is not transferable from one person to another . The other party seeking renters insurance would have to qualify on their own merit . Renters insurance is transferable or portable from one location to another . For example you move from apt A to apt B you simply need to call your insurance provider and the address can be updated .
|
Can You Change Your Medigap Plan?
|
You can change your Medigap Plan at any point throughout the year . You do not have to wait for AEP -LRB- Annual Election Period from Oct. 15 - Dec 7 -RRB- . The Annual Election Period only applies to Medicare Advantage and Prescription Drug Plans . You 'll have to medically qualify for a new Medigap Plan if you are not in your Open Enrollment Period or other Guaranteed Issue situation . To medically qualify , you have to answer health questions on the insurance application and then get approved through the medical underwriting department . It is best to contact Medicare or an independent agent specializing in Medicare Supplement insurance to see if you are still in Open Enrollment or a Guaranteed Issue situation . If you have to medically qualify for a new Medigap Plan , an independent agent can review your health history and help determine which insurance companies are best suited for your situation . There are several reasons why you may want to change your Medigap plan -LRB- lower premium , more benefits , less benefits -RRB- . The main reason people want to change is usually because of price . Over time , premiums increase and what you may be paying for Plan F may be very different from your neighbor . Although Medigap plan benefits are standardized , the price is not . An independent agent specializing in Medicare Supplement insurance can provide quotes for your Medigap Plan so you can compare it to what you 're currently paying . Please feel free to read this article which gives a little more detail about changing your Medigap insurance . WEBSITELINK Thank you for reading my response . Please let me know if I can help you with your specific situation .
|
Purchasing disability insurance with the right company is dependent on your vocation and if that vocation is a specialized skill-set like surgeons or trial lawyers . The second issue is your personal information like your gender , age , smoking status , health history , current medical condition and paramed exam results . Your premium price tag is also dependent on your behaviors like : motor vehicle violations , dangerous recreational activities and vocational hazards . One of the leading disability insurance companies is The Standard .
|
How To Purchase Short Term Disability Insurance Online?
|
To purchase short term disability insurance online , you must find an insurance agency that sells products from Assurity and/or Mutual of Omaha . Those are the only two companies that I am aware of that sell individual short term disability policies . You can not buy from the companies directly , so get in touch with a website or local agency where someone can assist you with the purchase .
|
I am not sure if you mean valid by being insured with an actual insurance company or if your premiums are up to date and your policy is in force . You can check AM Best for ratings on insurance companies and you can call your agent to verify your policy is in force or the carrier directly .
|
How Much Does Health Insurance Cost For A 20 Year Old?
|
there is no universal answer to your question . The monthly premium for a 20 year old will vary from state to state , vary based upon the health plan design you enroll in , and in the individual market could also be impacted by whether you are a tobacco user . With those caveats , a ballpark estimate in mid-2014 for the monthly premium for a 20 year old non-smoker wouldbe somewhere in the $ 90 's to $ 175 range .
|
The cheapest homeowners policy is one with appropriate limits that pays the maximum amount possible when you have a claim . At that point , premium means nothing ! The cheapest homeowners policy is sold by an insurance agent . That agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company .
|
How Much Does Health Insurance Cost For A 20 Year Old?
|
How much your health insurance costs is going to depend on several factors : your age , where you live -LRB- your zip code -RRB- , what metal level plan you want , and which carrier your policy will be with - you can also lower your cost of coverage if you qualify for a subsidy . Under the new Affordable Care Act , you have a range of options from each carrier . The four main types of plans are named after metals : bronze , silver , gold , and platinum -LRB- bronze provides the least coverage , but the lowest premiums , and platinum provides the most coverage , but the highest premiums -RRB- . An independent health insurance agent/broker can help you find the plan that 's most suitable for you . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .
|
If you can afford it you should purchase the maximum individual disability coverage based on your annual compensation and contributions to your retirement plan . The statistics of experiencing a disability once in your working life is extremely high and the period of disability averages 30 months . You should buy term life insurance and spend the difference on disability insurance .
|
How Much Does Health Insurance Cost For A 20 Year Old?
|
Although this seems like a simple question there are a lot of variables : Where does the 20 year old live ? How does he/she use health care ? What type of health insurance , HMO or PPO ? What metal tier ? Bronze , Gold , Silver or Platinum The best way to answer your question is to suggest that you talk to a licensed and certified health insurance agent . The agent will ask you a number of questions and obtain quotes from various health insurance carriers . The simple answer is health insurance should cost between $ 200 and $ 350 a month .
|
Affordable Term Life Insurance is a policy that you can afford . An experienced agent who has your best interests in mind , and who has a variety of products to choose from , can find you the most affordable life insurance policy . Websites that offer choices from many companies AND the personal assistance of an experienced agent , in my opinion , are a great place to find affordable life insurance .
|
Will My Auto Insurance Cover Me In Canada?
|
Discuss the coverage terms and conditions of your policy with your Insurance Professional in order to fully understand how your policy works in a case like this . However , most US Auto Insurance policies will cover you in all 50 states and US Territories and Canada . You may need to carry a card issued to certify the coverage you have while driving in Canada , but as your Insurance Professional about this .
|
It depends , it is always more cost efficient to purchase life insurance at an early age because youth and good health usually determine the most affordable premium . However , there must be a need for life insurance . If someone you love and care about is dependent upon your income to live or if you were to leave a debt upon your death , you need life insurance . That debt could be anything from a mortgage to funeral expenses , no one wants to leave an undo burden on their loved ones on top of grieving your death . Use an experienced independent life insurance broker to determine what you need and then they will shop the market for the best rates . Good luck !
|
What Does It Mean To Assign Life Insurance?
|
A life insurance assignment means that the death benefit is `` assigned '' or transferred for a period of time to either an individual or institution . For example , one might assign benefits to a bank or other lender to protect against the insured 's premature death . Usually , this assignment would be revoked once the underlying risk has been eliminated .
|
Buying whole life insurance can make sense for a lot of different reasons . If you need a death benefit to leave to loved ones that lasts your `` whole life '' certainly this product can accomplish that goal . Whole life is the Swiss Army knife of life insurance plans . The cash value can be used for anything from critical illness money to children college funds to retirement funds . I recommend sitting down with an independent life insurance broker who can help you decide if whole life , universal life or term life will best accomplish your goals within your budget .
|
What Does It Mean To Assign Life Insurance?
|
Great question ! An `` assignment '' allows you to promise over the benefits of your policy . there are a couple of reasons why you might want to do this . Most commonly , you 've purchased to policy for a child who now is well enough off to be able to care for themselves and can assume responsibility for the policy and its payments . You would assign the ownership of the policy to them , and at that point they take over the payments , and you relinquish any rights to the policy , beneficiary choice , etc. . Another popular reason is to ensure that your funeral arrangements are what you wish for them to be . You can go to some funeral homes , and `` prepay `` for your service and thethings needed for your burial . You will need to take your beneficiary along , as they will need to sign also , but when the time comes , the funeral home is paid out of the policy , and there are no unpleasant `` hat passing '' problems . If you would like more information , please contact me , I 'm happy to help . Thanks for asking !
|
The largest health insurance companies are UnitedHealthcare , Wellpoint , Kaiser , Aetna , Humana , HCSC , Coventry , Highmark and Independence Blue Cross . Now ... which companies offer the cheapest rates ? That 's not so easy since prices can vary , depending on where you live . By working with an experienced broker , you can easily compare the best rates from the top-rated companies .
|
What Does It Mean To Assign Life Insurance?
|
There are actually two common but different ways to assign life insurance . The first way to assign is with assigning the beneficiary for a temporary purpose . An example would be a financial institution loaning a substantial amount of money may require a person to assign them as beneficiary until the loan is repaid . Once this loan is repaid the assignment of beneficiary would go back to the original beneficiary , unless specifically changed again by the policy owner . The second common practice of assignment of life insurance is to assign a new owner of a policy . This is most common with cash value life insurance which a parent or grandparent purchased on a minor child . A minor can not own a policy with financial decisions , so an adult , usually parent or grandparent , will be owner until the child becomes an adult . The assign is made from the parent or previous owner to the insured child as the new owner .
|
There are many different reasons to use life insurance , and there are many different reasons to use annuities . The products are totally different and can be adapted to many purposes . A good agent will discuss your financial objectives and help you to discern the best products to meet your needs .
|
What Does It Mean To Assign Life Insurance?
|
There are two types of assignment relative to life insurance . 1 -RRB- Absolute assignment . This is when the owner of the policy transfers ownership to another person , including all the rights to change the policy . E.g. . An absolute assignment might be used when parents have life insurance on their children , and wants their children to assume ownership of their own policies when they become adults . 2 -RRB- Collateral assignment . This is when a life insurance policy is used as temporary security for a loan . An assignment form usually is attached to the life insurance policy , authorizing the lender to collect the amount owed to them , should the insured person -LRB- borrower -RRB- pass away . The remainder goes to the Insured 's beneficiary named on the policy .
|
The long term care policy you have may have different provisions than others . There are multiple types of long term care contracts . However , a popular plan for a husband and wife will give the spouse free coverage for life after a period of time if the primary or husband dies . There are some policies with a beneficiary provision as well . Most long term care policies however just expire when the insureds die . This is part of the risk of owning a long term care policy . Statistically , there is a really good chance , especially females , that you will have a claim before you pass .
|
Can I Cancel My Employer Health Insurance?
|
In most cases there are two times when you can cancel your employer health insurance : during your employer 's open enrollment , and in the event of a qualifying life event . Your employer has an open enrollment once per plan year . You can make changes to your elections during this time . Changes become effective in the new plan year . You can make changes outside the open enrollment if you have a qualifying life event . The changes must be consistent with the life event . Life events that may allow you to cancel coverage are a change in residence , change in martial status -LRB- divorce -RRB- , death of spouse or child , a change employment for a dependent that gains coverage .
|
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 .
|
Will Insurance Give Me A New Car?
|
Depending on the specific terms and conditions of your policy , it might , but you need to talk this over with your Insurance Professional . Most policies settle losses on an `` Actual Cash Value '' or `` Depreciated Value '' basis meaning that settlement for a total loss would be based upon the book value of the car . Some companies offer optional new car replacement coverage which would then pay for a new car of similar make and model . Other policies , usually covering collector or classic cars will pay based upon an agreed value for the car , in many cases predetermined by an appraisal at the time of application .
|
In finance , an annuity cash flows are any cash flow that you receive on a consistent basis during a certain period of time . The period of time can be time dependent -LRB- i.e. 20 years -RRB- or event dependent -LRB- the life of an individual -RRB- .
|
Will Insurance Give Me A New Car?
|
The answer is sometimes , it might . Normally the idea of insurance is to replace the loss with a similar vehicle -LRB- age , condition etc. -RRB- Some companies , however , do replace an automobile that is recently purchased -LRB- usually one year or less -RRB- with a new car . This feature may be limited to select clients .
|
There are a lot of factors that determine how much life insurance a person needs , but you can boil them down to four main areas : Loans/mortgages , income loss , final expenses , and education . Each person deserves to have a tailored solution created just for them to determine how much life insurance they truly need . At 30 years old , it 's possible that many of life 's achievements have n't been realized yet , so I commend you on planning for this now . My best answer for your situation is to consult with an insurance advisor to determine your true level of need right now .
|
What Happens If Homeowners Insurance Lapses?
|
Several things can happen if you lapse your homeowners insurance . If you carry a loan on your home your lender can force place insurance at usually a significantly higher rate simply because it is a requirement of your loan that you carry homeowners insurance . Also lapsing your homeowners insurance can make it very difficult to obtain a new policy since many carriers will not take a client who has a lapse .
|
Yes , once you leave employment you will lose your health insurance . You will be given a certificate of creditable coverage and you will be offered COBRA . This gives you the option to continue to pay for your health insurance coverage for a period of time . With the Affordable Care Act this may change .
|
Does State Farm Auto Insurance Cover Hail Damage?
|
I am not a representative of State Farm as I am an independent agent . However , with that being said , State Farm can OFFER the ability to cover hail damage . Every insurance company that can protect your personal auto is able to provide coverage for hail damage . You are looking for a coverage called Other-than-collision -LRB- OTC -RRB- or sometimes called comprehensive coverage . This coverage is often called all-risk -LRB- a misnomer -RRB- or open-peril coverage . What the heck does that mean ? It means that comprehensive covers EVERYTHING to your auto UNLESS it says it will not cover it . This is actually very robust as a coverage because its impossible to list everything that can happen to a car for exclusions , so you can have coverage for the random things that happen to your car . If you look at your policy for OTC , nowhere does it mention that it will exclude -LRB- not cover -RRB- hail damage . This is good ; it means you can file a claim for OTC to repair hail damage to your auto . Here are a few things to understand about OTC with regards to hail damage : You have to pay your deductible for the repairs . Most often , this means that the insurance company will pay you all the money to get the car fixed EXCEPT for your deductible , which you then pay to the repair company that fixed you car . So if $ 3,000 worth of repairs was needed to fix your car from hail damage , and you have a $ 500 deductible , then the insurance company will give you $ 2500 -LRB- $ 3,000 - $ 500 deductible -RRB- so you can pay your $ 3,000 repair bill . The claim settlement might happen in another way , but the logic is still the same . Your OTC will pay the actual cash value of the car if the repairs are over a certain threshold -LRB- which is determined individually for each car -RRB- to make the car usable again . The company can literally scrap the car and pay you for it instead of repairing the hail damage . Keep this in mind for when determining if you want to file a claim as some cars arent worth much but could be in EXCELLENT condition for driving . You dont want to lose your car because you filed a claim for cosmetic damage , or keep the car and get a salvage title . Talk to your agent to make sure you have OTC . Make sure that the deductible is an amount you can afford to pay in a reasonable amount of time . Its no good to have a $ 500 , $ 1000 , or $ 2,000 deductible for OTC if you can not get the money or put yourself in a poor financial position for 30 + days because of it . Sometimes paying the extra $ 5-10 per month for a lower deductible makes sense in households strapped for cash .
|
A SEP retirement plan a government retirement plan under ERISA , excellent for small business and the self-employed . Participants can contribute up to 25 % of compensation , or $ 51,000 for 2013 and generally tied to annual cost - of - living adjustment for later years . The contributions are tax deductible and accumulate tax deferred . Distributions are taxable at ordinary income tax rates with a 10 % penalty for withdrawals before 59 .
|
Is Life Insurance Mandatory?
|
Life insurance is not usually mandatory or by law such as car insurance and now health insurance . The exception would be if you were ordered by a judge in a court case such as a divorce or child custody case . The other situation causing life insurance would be a contractual agreement . Some examples of a contractual life insurance agreement would be a secured loan or a business partnership agreement known as `` buy sell life insurance '' . Other than these types of special arrangements life insurance is not considered mandatory , but if someone you care about depends on you for care or finances then out of responsibility you should carry life insurance . Remember life insurance is not for you , it is for them .
|
A qualified retirement plan can be a defined benefit plan or defined contribution plan . The private business sector and individuals generally choose defined contribution plans like 401 -LRB- k -RRB- s , 403 -LRB- b -RRB- s , Roth IRAs and traditional IRAs . Many of these plans fall under the regulatory legislation called The Employee Retirement Income Security Act of 1974 -LRB- ERISA . -RRB-
|
Is Life Insurance Mandatory?
|
Purchasing life insurance is not mandatory , unless it is stipulated in a contract you sign or a loan that you take out . Of course , the insurance company will also decide if you have an insurable interest , allowing you to purchase coverage . But in the vast majority of situations , buying life insurance is not mandatory .
|
The cost of health insurance varies substantially based on several factors . These factors include geography , person 's age , the amount of the insurance plan deductible , and the specific benefits provided under the pan certificate . Coverage costs also vary on the type of plan . Are you purchasing a major medical plan through the marketplace -LRB- obamacare -RRB- or an alternative suck as short term medical .
|
Is Life Insurance Mandatory?
|
Is life insurance manditory ? Not in the same sense that health insurance will be next year . You will not be required to carry life insurance or face tax fines if you do n't . What this question brings up is should you carry life insurance ? My answer would be yes if there 's someone who cares enough about you to deal with your things when you 're gone . Do n't compound your loss to them .
|
You can run life insurance quotes on numerous websites advertising `` instant life insurance quotes '' . These will bring up the cheapest rates for your particular age and sex . Some will even allow you to input some health and other risk factors . Every company has their niche . So this will bring up the cheapest life insurance rates for YOU .
|
Do Insurance Companies Look At Psychiatric Records?
|
In respect to life insurance , underwriters are most concerned with conditions that impair or prevent a potential insured from completing daily tasks , interactions and living . In the event that your answers to the medical questionnaire on insurance application , attending physician statement & recordsor results from a insurance examindicate that you are being treated through therapy or medication , the underwriters will first seek clarification through your agent . Depending on the severity of the condition , the course of treatment and time elapsed since last episode or event related to your condition , the underwriter may not have much concern and thus not require additional information . Simply put mild conditions such as milddepression , anxiety or stress treated by counseling and low dose medicine may not require deep underwriting depending on the age of the insured and history of condition . More significant conditions , for example schizophrenia , treated with significant medication and therapy , will require additional records from treating physicians to ensure that the insured fits within their risk parameters . In your case , grief counselingcan soundambiguous ; if it were for the loss of a loved one , the absence of whom is not preventing your daily living , it should not require additional review . If the on the other hand , it is being used to cope with another traumatic event , additional questions or requests may be posed by the underwriters . A letter from your treating psychiatrist highlighting your improvements from treatment will help mitigate the need for additional information . In order to ensure that you get the best underwriting class , I suggest that you work with an independent agent that works with multiple carriers as different carriers each have their own points of view on various healthy issues . Additionally , question your insurance agent ! Ask them what experience , if any , have they had with placing business on clients such as yourself . At the end of the day , the most experienced agents will get the best underwriting results for their clients with the least disruption and scrutiny of one 's private issues . Please feel free to contact me to discuss your facts in order to give you more accurate information .
|
Yes . A fence or shed are considered `` other structures '' . Most policies provide 10 % of the dwelling coverage for `` other structures '' coverage . For example , if your home is insured for $ 500,000 you would have $ 50,000 of coverage for the fence . Make sure you check your deductible and get an estimate to repair the fence before filing a claim because you do not want to file a claim if you are only going to receive $ 100 or $ 200 dollars .
|
Do Insurance Companies Look At Psychiatric Records?
|
Whether or not an insurance company will look at your psychiatric records after seeing a grief counselor for four years will partly depend on the type of policy you get , and the face amount . If you are applying for a small nonmed , final expense policy , it is doubtful that your psychiatric records will be reviewed . The exception might be if you had a hospitalization for depression , suicide attempt , or went on Disability for depression within recent years . Even then , there are some policies that will cover you without review of your medical records . Others will be more investigative . If you are applying for a medically underwritten policy of a face amount over $ 250,000 , and if you are also on medication for depression , I anticipate that many companies would order your psychiatric records . Some wo n't . If they do , they are bound by HIPAA laws to keep them confidential , and simple grief counseling that has not caused hospitalization , suicide attempt , or disability will usually not interfere with your ability to get life insurance . Using an experienced impaired risk life insurance agent who is able to choose the best policy from among many companies will be your best option , especially if you desire that your records not be reviewed .
|
Let me differentiate between a liability claim and a property claim . If you are sued , notify the claims office of the insurance company immediately . Do not sign any papers and do not make any statements to agents of the individual or company suing you . Never hesitate to submit a liability claim . If your home is uninhabitable because of a covered loss such as fire or lightning call the insurance company claims office immediately . If you are the victim of a disaster , call the claims office immediately . Many insurance companies have mobile claims operations that are dispatched to help victims of disasters . Any damage to your home is a big deal . However , if the damage is not more than two times your deductible , and it pays to know your deductible , call your agent first . Property insurance policies have varying features that can either reduce the deductible or reduce the premium if your policy is claims free . Sometimes a little pencil work will show that it is better to forgo the claim as the reductions you receive for being claims free could be greater than the amount you would recover . If there is water damage and you can not reach your agent quickly enough contact the claims office because water damage only gets worse ! Often a quick responding water mitigation team can reduce and almost eliminate the loss .
|
Do Insurance Companies Look At Psychiatric Records?
|
I can answer on behalf of disability insurance companies Yes , disability insurance carriers to ask to look at your psychiatric and counseling records if they see that youve answered yes to seeing a counselor on your application . For anyone who says no , but something pops up on their script check , they will ask for the records at that time as well . Its common for a psychiatric release form to be included with a HIPPA in the initial application . Please note that having seen a counselor or psychiatrist does not mean that youll have a mental health exclusion , but depending on your history and the records , its a possibility .
|
Oxygen is covered under part b of Medicare . Under the durable medical equipment provision . Since it is under part b you would have to meet -LRB- or have already met -RRB- your annual $ 147.00 deductible and then Medicare would pay 80 % leaving you with the remaining 20 % . If you have a Medicare supplement that plan depending what plan you have , might pick up those costs that you are responsible for . If you have a Medicare advantage , look on your contract for durable medical equipment to see how the Medicare Advantage plan will pay for oxygen .
|
What Does Disability Insurance Protect?
|
Disability Insurance protects your paycheck . Only people who draw an income can purchase Disability Insurance , and the benefit you can get is based on your income . If you were injured and unable to go to work , or got an illness that caused you to be off of work , or had complications in childbirth that kept you from going back to work as planned , Disability Insurance will pay a large % of your paycheck to you in cash each week . You can use this money just as you would have used the paycheck you earned through your job . So in essence , DI also protects your family , your home , and your lifestyle .
|
A quote , in short , is an estimation of premium you can expect to pay for your life insurance policy - the premiums can be paid annually , semi-annually , quarterly , or monthly . Please note , a quote is only as good as the information it 's based on . There are 4 main factors that determine the premium for the coverage - your age , the amount of coverage you 're trying to secure , how long you want it guaranteed for , and your risk classification . The risk classification is the MOST important factor in determining how much you can expect to/will pay for your coverage . If the medical history is not factored into the quote -LRB- e.g. you 're only running numbers based on someone 's date of birth and/or height/weight -RRB- , any quotes provided are pretty much meaningless because they do not provide an accurate representation of what you can expect to be approved at . To provide a little background on risk classes : every life insurance company has different underwriting guidelines that determine what risk class an individual qualifies for . Since every company has different guidelines for qualification , one might offer a better risk class than another based on the aforementioned information , resulting in a lower premium for the same coverage . The different risk classes someone can be assigned by a carrier are : Preferred Plus -LRB- sometimes seen as Preferred Elite -RRB- this means the proposed insured is typically in superior health , normal height/weight profile , no chronic illnesses , lab results within normal range , no immediate family members died from heart disease or cancer before age 60 . Preferred this means the proposed insured is in excellent health . Height/weight may be a little over the most preferred range , treatment for high blood pressure or high cholesterol usually acceptable , lab results normal or slightly abnormal . Standard Plus - this means the proposed insured 's health is better than the average . Height/weight may be higher than normal . Standard - this means the proposed insured is in average health and has a normal life expectancy . Height/weight may be on the high side , possible treatment for several minor conditions , one or more parents died from heart disease/cancer before age 60 , slightly elevated lab results -LRB- such as higher than normal blood pressure or cholesterol -RRB- . Substandard - this means the proposed insured has a below average life expectancy -LRB- commonly seen as high risk life insurance -RRB- . Height/weight may be considered obese , treatment for chronic illnesses or major health conditions -LRB- such as prior heart attack , cancer , diabetes -RRB- , abnormal lab results . Substandard ratings are expressed as a table rating , usually designated as Tables A-J or 1-10 . Each additional table increase is usually a 25 % increase over the standard risk class rates . Tobacco user risk classes are preferred smoker , standard smoker , and substandard smoker . There is no preferred plus or standard plus risk classification for tobacco users . It 's best to consult with an experienced life insurance broker who can shop your case among multiple carriers to see who will offer you the most favorable risk classification for your program . Please feel free to contact me for help or if you have any other questions . Thanks very much .
|
What Does Disability Insurance Protect?
|
That is a great question ! I 'm glad that you asked . Disability insurance basically protects your income from disappearing if you become disabled , and unable to work for a period of time . While it wo n't completely cover your lost paycheck , it can cover a good portion of it , and if there is a workman 's comp payment also , you can probably get by without too much hardship . A disability plan makes great sense if you work in a career where it is a good likelihood that you could sustain an injury that would keep you out of work for several months , or if you live paycheck to paycheck and would be in serious financial hardship if an injury or illness were to strike . I hope that helps , thanks for asking !
|
Shopping for disability insurance should take place online . There are several disability insurance brokerage outlets that offer all the major companies , some with side by side comparisons to help you get up to speed on the inventory of disability insurance companies in the market . One of the leading companies in disability insurance is The Standard .
|
What Does Disability Insurance Protect?
|
Disability Insurance protects your income . It protects your family from the extreme hardship they might experience if you were to lose your job due to disability . It protects your lifestyle , as much as it can be protected , after experiencing a serious illness or injury . It protects your creditors , your credit score , your integrity , your dignity , and your peace of mind .
|
To be eligible for Medicare in Utah , you must be a legal resident of the US . If you have worked at least 40 quarters where you have paid Social Security taxes , you will get Medicare Part A for free . Otherwise , you can purchase it . You can get Medicare when you turn 65 . Those who can get it at a younger age are people who have been disabled for 2 years or have end stage renal disease or Lou Gherig 's Disease . There are qualifications to each qualifier , and some other groups can get Medicare -LRB- e.g. railroad workers , spouses of eligible workers , etc -RRB- . But this explains how most people in Utah qualify for Medicare .
|
Is Knee Replacement Surgery Covered By Medicare?
|
Knee replacement surgery is normally a Medicare covered expense assuming the surgery is considered medically necessary and you are a good candidate for joint replacement . The cost of knee replacement is usually around $ 45,000 but the Medicare allowance is in the $ 11,000 range . If you have a good Medigap plan your share will be significantly less .
|
Group coverage ends a month after your employment terminates . You have the option to go on COBRA for up to 18 months . When you go on COBRA , you have the same coverage as you had before - the drawback is you 're paying 102 % of the premium -LRB- meaning you 're paying your portion , the employer portion , plus an additional 2 % in premiums -RRB- . Under the Affordable Care Act , the loss of other group coverage can grant you a special enrollment period -LRB- a window to purchase a health plan outside of the annual enrollment period -RRB- to apply for a new plan . The metal plans in the marketplace can offer competitive premium and benefits compared to the premiums for going on COBRA . The advantage of an individual plan is that it goes with you regardless of who the employer is . With group coverage , the premiums can be less , but you lose the coverage if you leave the company . If you have any questions about health insurance or would like help with your coverage , send me a message by clicking on the `` contact me '' button . You can also visit my website , TermInsuranceBrokers.com , for additional information regarding health plans .
|
Can I Buy Critical Illness Insurance For My Spouse?
|
You can , as long as your spouse is healthy enough to qualify for a critical illness plan . Medical underwriting , while not as strict as is required for individual major medical insurance , looks at your medical history and in some cases , also your family history . In most cases if you have had one of the covered conditions such as stroke , heart attack or cancer your application for critical illness coverage will be denied .
|
Your need as much disability insurance coverage allowable by the issuing company to protect your compensation . A combination of deductible disability insurance coverage and your retirement contribution protection can come close to covering your earnings . If youre a business owner you can also buy overhead expense and loan protection through disability insurance policies that are specifically designed for those business expenses .
|
Does Globe Life Insurance Ever Have Cash Value?
|
Globe Whole Life insurance does have some cash value ; Globe Term Life insurance does not . You can contact the life insurance company to ask for an illustration that shows how much cash value will be in the policy in the future . If they are unable to provide that , it will be shown on the policy when you get it .
|
Your insurance needs do not disappear at retirement although the coverage amounts may change . Car Insurance , home owners insurance , health insurance and life insurance all play a part in a solid financial plan . You should contact an Agent and have them conduct an Insurance preview . The last thing you want in retirement is to be paying for something that you really do n't need to .
|
Who Does Mobile Home Insurance?
|
There are many companies that provide insurance for mobile homes . If you check the yellow pages in your telephone book -LRB- if you can remember what that is , -RRB- you should be able to find agents that handle mobile homes . You can also find the information by doing an on-line search . If you contact most insurance agents they can provide you with motile home coverage . It is not an unusual policy to find .
|
To calculate life insurance cost , you must have a chart showing the cost per thousand dollars of coverage . You multiply that by the number of thousands of dollars of coverage you desire , then add the policy fee shown on the chart , to get your annual rate . If you want to pay monthly , quarterly , or semi-annually , you take the annual rate times a factor that should be shown on the chart . Or you can go to a quote engine and input your face amount , health rating , and term length to see your life insurance cost . This should include the appropriate fees and factors .
|
What Is The Primary Purpose Of Life Insurance?
|
The purpose of insurance , in general , is to provide economic protection against losses that may be incurred due to a chance happening or event . An insurance policy provides this protection by accumulating funds to meet those uncertain losses . Human life value , which is what Life insurance protects , is what a person would earn , or what it would cost to replace the services of that person , in the future . The primary purpose of life insurance is to conserve and protect human life value so that others will not be too negatively affected economically in the event of the insured person 's death .
|
Well , not really . As with so many other aspects of ObamaCare , there always seem to be exceptions . While in general terms , it is correct to state that the individual mandate is in effect , there were a number of exceptions written into the original law which werethen laterfurther supplemented by other `` hardship '' exemptions being added to the list . As such , there are government approved ways to avoid paying the individual mandate which is the penalty for not having compliant health insurance . Some of the exceptions are narrowly crafted , while others do n't require a lot of imagination as to how a lot of people could dodge the individual mandate penalty , especially with the relatively new hardship exemptions . -LRB- One of which is literally - Have you recently experienced the death of a close family member ? -RRB- I can see a new cottage industry around tax time as people claim one of the hardship exemptions every year . And then there are those like American Indian tribes and some religious sects and subscribers to a health care sharing ministry who are outright exempted from the law 's provisions . So , oddly enough , ObamaCare seems to be evolving into a bizarre state of undercutting the strength of the individual mandate which it maintained was key tothe program 's success . Do you really have to get ObamaCare ? No , you never did , you just faced the possibility of a penalty being withheld from a tax refund and it looks like the odds of avoiding even that penalty will be good for a sizable fraction of the penalty box population .
|
What Is The Primary Purpose Of Life Insurance?
|
I tend to agree with Larry . Life Insurance primary intention is to provide a tax-free death benefit to beneficiaries upon death of the insured . You need to understand this part of Life Insurance before looking at all the benefits provided . Life Insurance can provide supplemental income to meet any need if funded correctly . Life Insurance is one of the only vehicles that can provide tax-free income , a tax-free death benefit ! Life Insurance is used by businesses for buy-sell situations , key employee needs , executive retirement plans , etc. . When the Life Insurance is funded correctly , which by the way , it is my experience that most agents do not do , it will become a true asset designed to meet your future needs .
|
You can change health insurance as often as you want . However , there would be no reason to constantly change policies , and it is possible that carriers would not accept your application if they saw excessive applications to different carriers . In 2014 , with Open Enrollment , there will not be any reason to constantly submit applications more than once -LRB- twice ? -RRB- per year .
|
What Is The Primary Purpose Of Life Insurance?
|
Or , in other words , to provide an income-tax-free lump sum of money to the beneficiary upon the death of the insured . I 'm supposed to provide at least 50 words to make the answer acceptable , so I 'll just add that there may be other useful riders on a life policy , but keep the planning focus on the face amount or `` death benefit '' .
|
Some of the largest health insurance companies in the country are : 1 -RRB- United Health Group -LRB- United Health One/United Healthcare -RRB- 2 -RRB- Wellpoint -LRB- Anthem -RRB- 3 -RRB- Aetna 4 -RRB- Kaiser 5 -RRB- Humana 6 -RRB- Cigna 7 -RRB- Coventry 8 -RRB- CareFirst One of the big network names is Blue Cross / Blue Shield - Anthem and CareFirst feature this in Virginia and a number of other states .
|
What Is The Primary Purpose Of Life Insurance?
|
What is the primary purpose of life insurance ? What everthe policy owner wants it to be . Every purpose can be different . While dating myself a little bit by saying this . . Life insurance is the silly putty of financial products . It is a product that has many forms and can be used in many ways . One person 's primary purpose may be someone else 's 5th choice . It 's not unheard of to start a first time client meeting with the question `` what do you want your life insurance to do ? ''
|
The answer will depend upon whether you are talking about group health insurance or individual health insurance . Employers have a certain degree of flexibility in establishing a waiting period before a new hire can become eligible to enroll in the company 's group plan . Under the provisions of the Affordable Care Act -LRB- ObamaCare -RRB- now in effect this waiting period should not exceed 90 calendar days from your date of hire . So , this establishes a maximum waiting period under an employer based plan but the employer can choose to have a shorter waiting period . If you are applying for individual health insurance during the open enrollment period or following a change of life status event it will depend upon when you have submitted your enrollment form . If your enrollment form is received on or before the 15th of the month your coverage should go into effect on the first of the next month -LRB- e.g. - February 10 submission would be for a March 1st effective date -RRB- . If your enrollment form is received after the 15th of the month your coverage would become effective on the first of the following month -LRB- e.g. - February 18th submission would be for an April 1st effective date -RRB- .
|
What Is The Primary Purpose Of Life Insurance?
|
Life insurance was invented to protect family members and business associates from financial exposure at the untimely death of the wage earners or partners to indemnify their beneficiaries from the proceeds of the policy . Those proceeds may have tax advantaged features depending on the ownership of the policy .
|
To find the life insurance policy of a deceased person , Ed has great advice . You may also find that some insurance companies have been bought by other companies or changed names since the policy was purchased . You can google the old company name or call an agent who can help you locate the new company name and phone number .
|
What Are The Risks Of A Fixed Annuity?
|
What are the risks of a fixed annuity ? Well the biggest risk is `` inflation '' risk . That is the money being saved in an annuity is not earning enough to keep pace with or be ahead of inflation . Annuities purchased from financially strong companies do n't suffer some of the other risks involved with investing . Actually annuities tend to be very safe choices and as such are not strong return choices , but that is always the side effect of safe investing . For many the idea of putting their retirement money at risk of loss is too much and so annuities become good choices for them .
|
Good question . mobile phones are consider personal property . So if it get stolen you can claim it under your home insurance policy . Most mobile phones those days are less than your home dedutible so there will be no claim to pay out . Check with your current home policy for rules and exlusions .
|
What Are The Risks Of A Fixed Annuity?
|
That is a great question ! I 'm pleased to hear you ask it , as it is really important to understand the risks of investing before you make that investment . The good thing about a fixed annuity is that you know exactly what your return will be . The risk lies in what if that interest rate you will receive does not keep up with inflation over the life of the annuity ? Inflation is best described in the amount of rising costs you pay for everyday things . If your annuity pays 1 % , but the price of milk and gas goes up 3 % , yes , you will have an increase of 1 % in your annuity value , but it will only pay for 98 % of what it would buy today . You would in effect be losing 2 cents on every dollar you put into the annuity . It is important to work with a good advisor , who can help you find an annuity that will give you a rate that is sufficient , or that provides built in adjustments . If you need help , please feel free to drop me a line , okay ? I 'm happy to help . Thanks for asking !
|
No , premiums paid for critical illness insurance are paid with after tax dollars and the benefits are paid income tax free .
|
What Are The Risks Of A Fixed Annuity?
|
The main risk people face with fixed annuities is the buying power of the payments you receive because they do not have a cost of living adjustment -LRB- COLA -RRB- built in . Annuities offering COLAs are available , but generally require a higher premium to account for the increase in payments . How the annuity is structured is very important . You have a number of options to choose from when creating the annuity that will influence your monthly distributions . If the policy is set up to only make payments while you are living -LRB- a single-life annuity -RRB- , then once you die the payments cease and whatever funds were paid into the annuity are not returned . You can also structure the distributions to continue until the spouse dies -LRB- a joint life annuity -RRB- . Another structure or to force payments to continue for a specified number of years -LRB- and go to a tertiary beneficiary - e.g. your kids -RRB- . The drawback of a period certain annuity is you can run the risk of outliving the annuity -LRB- e.g. you 're 65 years old and you have a 15 year period certain annuity that makes payments to you until age 80 . If you live to 81 , you will no longer have those funds to depend on each month . -RRB- . It 's important to consult with an experienced annuity broker who can discuss your situation with you on a personal level and help you create an annuity that will best serve 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 .
|
The best Medicare Part D plan for you is the plan that results in the lowest amount of expense to you based on the prescriptions you take . If you do n't currently take any prescription drugs , then it is the plan with the lowest premium . To determine which plan you should have , go to CMS.gov and enter your prescriptions . It will display all of the Part D plans available in your state and the estimated annual cost to you based on your prescriptions . Justchoosethe least costly plan .
|
What Are The Risks Of A Fixed Annuity?
|
The largest risk of a fixed annuity is the loss of buying power . Safety of principal and guaranteed payments is the strong suit of an annuity . An annuity forms the base to protect the retirement income stream . There are certain predictable expenses such as food , shelter and clothing which can be addressed with an annuity . Inflation can erode the buying power of the annuity over time .
|
If I had to guess on how long it takes to receive a check on a renter 's loss , I would say a good average would be 30 days . Property insurance policies , like a `` Renter 's '' policy usually have an entire section -LRB- that no one reads -RRB- outlining what you as the insured must do following a loss . Generally you have the obligation to notify the insurer promptly and submit a written summary of the items that were lost or damaged , how and when they were acquired , the cost to repair or replace them and their current value.Some claim adjusters may help you in this process , but it is your responsibility and not much happens before it has been completed . Once this `` list '' is prepared AND accepted by the insurer , policies usually state how many days the insurer has to pay you . In practice , however , I would say checks are received within a week or two AFTER your proof of loss is ACCEPTED . I would however expect insurers to question the value certain items , request additional documentation or require proof of purchase on higher valued items . I would also caution insurance consumers to make sure these lists are accurate . Entire claims can be denied because lists -LRB- proofs of loss -RRB- contain information that is questioned and found to be false . Like I had a 52 inch HD TV when it was actually an 18 inch portable you bought at a tag sale . In a serious loss such as a fire or storm loss , insurers often advance partial payments to cover the replacement of necessities or temporary living expenses until the more formal claim process is completed .
|
Does Renters Insurance Protect The Home Owner?
|
Renters insurance purchased by thetenanthas liability protection coverage for that tenant . Should the tenant commit a wrongful act for example liketheirdog bit a friend the tenants insurance mostlikelywill respond . If the tenant has no insurance the next person up the chain to be sued is the homeowner . So in thatscenariothe renters insurance does offer a level of protection to the homeowner .
|
Because there are so many types of life insurance policies , there is life insurance for almost everyone who wants it . Most policies have some health and age restrictions , so that people with good health , and between the ages of 20 and 60 , have more choices than persons who fall outside those parameters . The most difficult coverage to find is for younger children with a serious health condition ; a good reason to purchase policies for children , or put them on a child rider , shortly after birth .
|
Does Renters Insurance Protect The Home Owner?
|
Some tenant 's policies will allow the building owner to be an additional insured on a policy . This may offer some protection to the landlord , but it would be unwise to rely on this liability coverage . Building owners should look into a dwelling fire or possibly a businessowner 's policy to protect themselves and their assets .
|
People buy long term care insurance to protect their assets in case they should need to pay for expensive care for themselves for an extended period of time -LRB- months to years -RRB- . When someone receives long term care , they must pay out of pocket , because Medicare does not pay it -LRB- beyond , possibly , under one month at that start , followed by 80 days of partial payment , but only if qualified -RRB- . When their liquid assets run out , they must tap into other assets , even the value of their home , if no remaining spouse lives there . When assets are nearly depleted , they can receive Medicaid funding , but not before that . Having Long Term Care insurance helps avoid that scenario , as the policy will pay for the care until policy funds run out . If a Partnership plan , assets are protected up to the amount of coverage purchased . There are other reasons buy Long Term Care Insurance , as well . One of the main ones is being able to provide for their own care of their choice , and not burdening loved ones with that worry .
|
What Is High Value Home Insurance?
|
There are certain insurance companies out there that specialize in the `` Luxury home '' market . Some the value must start at $ 750,000 and some are at $ 1,000,000 but then they give you much higher limits on things fine art , jewelry , wine collection , sewer back-up , etc. . Fireman 's Fund , ACE and Chubb are three such companies that have these policies .
|
Anyone who makes a paycheck needs disability insurance -LRB- unless you have a net worth so large , the funds could support you for the rest of your life -RRB- . Disability Insurance pays out a monthly benefit that is about 55-65 % of your paycheck should you become ill or injured and can no longer work.You have to stop and think , `` If I can no longer work , how long can I go without an income ? '' For most Americans , the amount of time is only 6 months . Prepare yourself for the future !
|
Why Purchase Critical Illness Insurance?
|
Critical Illness Insurance can cover medical co-pays , transportation to treatment centers , child care , etc. . People often think their medical plans will cover more than hospital and medical expenses , but they dont . Critical Illness Insurance , unlike DI , is perfect for high-risk jobs , non-working spouses , active military and the self-employed . Without the burden of extra bills , you can focus on healing .
|
That 's a great question ! Unfortunately , the answer really is n't . Unless you can prove how much cash was stolen , typically it wo n't be covered . If you have a serial number or a credit card receipt for a tv , you can prove you had it , and what its value was . With cash , there 's typically no way to prove that it made its way from the bank to the robbers pocket , or that you ever had it at all . Insurance companies wo n't give you money for what you ca n't prove to them that you had , I 'm sorry to say . If there is more you 'd like to discuss , please contact me , I 'd be happy to help . Thanks for asking !
|
Why Purchase Critical Illness Insurance?
|
One reason to purchase Critical Illness Insurance would be to set your mind at ease if you were to be diagnosed with a serious illness . For persons who have gone through that with a family member , both that experience and the fear of having the genes for that illness , can eat at them . Knowing that there would be a pool of money to use if that fear materialized , can be very comforting .
|
It depends on your needs , budget , and preferences . I would recommend consulting with an independent Medigap broker who can work with you on a personal level and help you evaluate your options . If you want to create a very well-controlled , predictable healthcare expense structure where you do n't have to worry about receiving massive medical bills , you may want to consider buying a Medigap plan -LRB- most likely a Medigap Plan F or Plan G -RRB- . The premiums for Medigap plans are typically a little higher than a Medicare Advantage plan , but they feature much broader coverage . Medigap plans are guaranteed renewable and are standardized -LRB- meaning a given Medigap plan features the same benefits regardless of the carrier you have it through - a plan F from company ABC is the same plan F from company XYZ -RRB- . They also have no networks , meaning you can go to any doctor you want that accepts Medicare -LRB- the vast majority do these days and you can check to see if a doctor in your area does using a physician finder tool on Medicare 's website , Medicare.gov -RRB- . As far as services go , if your doctor accepts Medicare , then they have to accept your Medigap plan as well . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including quotes and plan comparisons , and if you have any other questions . Thanks very much .
|
Why Purchase Critical Illness Insurance?
|
If you have a health history of critical illness in your family , you should consider securing critical illness insurance . If older relatives have critical illness the resulted in assisted living or nursing home confinement , you should consider securing critical illness insurance . If you have indications that you may be susceptible to a disease , you should consider critical illness insurance , while your health condition is reasonably good .
|
`` Getting '' your Homeowners ' Insurance Company to pay for a loss claim really has to do with the coverage provided in your particular policy . It is best to discuss the terms and conditions of your policy with your Insurance Professional in order to gain a better understanding of the coverage and any limitations .
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.