{"input": "Does Medicare Cover Co-Pays? ", "output": "Original Medicare Part A & Medicare Part B does not cover co-pays , deductibles or coinsurance . In fact , it covers only about 80 % of your healthcare costs . The remaining 20 % is your responsibility and is limitless unless you have a Medicare Supplement Plan -LRB- Medigap Plan -RRB- . Depending on which Medicare Supplement Plan you have it can pay all or most of those costs . For more information about Medicare or to Compare Medicare Supplement Plans instantly online visit our website at SummitMedigap.com . "}
{"input": "Does Auto Insurance Decrease At Age 25? ", "output": "Auto insurance policies typically have a reduced rating classification for drivers at the renewal following their 25th birthday . This primarily adjusts the rating from a previously youthful class to an adult class , and usually comes out to be a slightly lower rate than before . Depending on the company , there are a few other ways to get adult classification , for example if you were married . "}
{"input": "Does Auto Insurance Decrease At Age 25? ", "output": "Your auto insurance coverage certainly does n't decrease but the premium you pay for it usually will if you have a good driving record . When you reach age 25 and have not had tickets or accidents that resulted in insurance claims , you are considered less risk to the insurance company . They will usually lower your rate but even if they do , that is a great time to Reshop the rate with several other companies . You will usually see even more savings that way . "}
{"input": "Does Auto Insurance Decrease At Age 25? ", "output": "In California age is not a rating factor . Experience is a rating factor . Some companies change rating factors every four years . Once the driver has eight years of experience he is charged the standard rate . If the driver has not had more than one point assessed they also receive a good driver discount that substantially alters the premium . "}
{"input": "Is Health Insurance Elastic Or Inelastic? ", "output": "I believe that health insurance is neither elastic or inelastic . The amount of insurance most people purchase has little to do with the actual cost of the coverage . In most cases the person making the purchase decision is not the individual paying for the coverage . People can pay widely different amounts for the very same level of coverage . When the coverage is purchased through work the person 's employer is making a portion of the premium payments on behalf of the employee . Any remaining contribution is paid for by the employee using pretax payroll deductions . The IRS is then picking up a portion of the tab in the form of a tax subsidy . When individuals purchase coverage through a state exchange they may be eligible for premium and cost sharing subsidies . The subsidies are based upon the household 's income compared to the federal poverty level . "}
{"input": "How Much More Is Life Insurance For Smokers? ", "output": "Unfortunately , smokers or tobacco rates as it is known in life insurance is expensive . The average life insurance company will increase premiums 2 or 3 times that of a non-tobacco user with equal health risk . . Please keep in mind that you may receive tobacco rates for cigarettes , cigars , chewing tobacco or dip snuff , marijuana , vapor cigs , nicotine patches and nicotine gum . You need to be nicotine free for at least one year with most life insurance carriers in order to qualify for non-tobacco rates . There are a few carriers that will consider non-tobacco rates on a person that smokes an occasional cigar , usually less than 12 per year , but you still must be nicotine free when applying . Be sure to research those procedures . "}
{"input": "How Much More Is Life Insurance For Smokers? ", "output": "The rate for smokers is about three times that of nonsmokers . If getting No Exam insurance , the rates for a smoker and nonsmoker are not as far apart as that , but those rates usually start out higher for nonsmokers than with an exam . If there is a table rating or health condition which cigarettes compound the seriousness of the disease , the rates for a smoker can be even higher . "}
{"input": "How Much More Is Life Insurance For Smokers? ", "output": "Life insurance is a mortality product . Smoking cigarettes shortens mortality , so the exposure to the life insurance company is greater and that risk is passed in higher premiums . Depending upon your gender , age , health history and current medical condition , your premium could cost an average of 15-20 % more than non smokers . "}
{"input": "Does Obamacare Offer Medigap Insurance? ", "output": "No and luckily it is not needed . Medicare along with Medigap Insurance works great . Obamacare or the Affordable Care Act impacts folks under age 65 and not on Medicare . However , in the Affordable Care Act they did have cuts to Medicare but other than that it is not related . The cuts to Medicare are estimated to be $ 700 billion . Getting a Medigap Plan is fairly easy if you work with an independent agent that specializes in it . You pay a monthly premium and then you have little to no out of pocket costs for medical expenses . There is also no network with Medigap Plans which means you can go to any doctor or hospital you want . No need for a referral to see a specialist either . The biggest thing about Medigap Plans is the benefits are not allowed to change from year to year . The Affordable Care Act -LRB- Obamacare -RRB- plans are constantly changing . "}
{"input": "Does Obamacare Offer Medigap Insurance? ", "output": "No . You are making the mistake that many people are making in thinking that ObamaCare is an insurance plan , it is not . ObamaCare or the Patient Protection and Affordable Care Act -LRB- as that is its true title -RRB- is a massive law accompanied by an even more massive set of administrative guidelines that set new rules for how health insurance plans are offered , priced , structured . Plus it did create the online government health insurance marketplaces -LRB- e.g. - HealthCare.gov -RRB- as a supposedly simpler way for people to purchase individual health insurance and possibly receive subsidies for the cost of their health insurance . ObamaCare is in no way a government health insurance program such as Medicaid or Medicare . "}
{"input": "What Is Spousal Life Insurance? ", "output": "Spousal life insurance is n't a special type of policy . Life insurance on spouses is a fundamental planning matter . In dual income families , it is important for both earners to consider life insurance to protect the income they each depend on as the lost of one or both would likely result in financial hardship . In the event of a stay at home spouse life insurance should be considered as the loss of that spouse may have a financial impact through new expenses such as day care . "}
{"input": "What Is Spousal Life Insurance? ", "output": "The death of a spouse is perhaps the most emotionally traumatic event which humans experience . What would you do if your spouse died unexpectedly ? In over 55 % of married-couple families today , both marriage partners work outside the home at least part time . -LRB- 1 -RRB- Often the financial requirements to run the household substantially exceed the income of either spouse alone . If an untimely death were to occur , the inability to meet financial obligations with the single remaining spouses income might require the hasty sale of assets or , even worse , a bank foreclosure on the family residence . Life insurance is an excellent means of providing money when it is needed in these traumatic moments . Some families are fortunate enough to allow either the mother or father to stay home with small children while the other earns sufficient cash to meet household and living expenses . It is obvious that the loss of a breadwinner would create a financial calamity . Couples should consider the potential cost of replacing the services of the spouse who stays at home to care for the children . Without the deceased spouse , a surviving spouse working outside the home would face new expenditures for child care , either in the home or at a babysitter or day care center as well as someone to take the children to the doctor , dentist , piano lessons , etc. . Perhaps the surviving parent could take time off work to fulfill these obligations , but this time off work would also amount to a financial loss . Most families can help effectively remove this potential financial emergency by acquiring a life insurance policy on each spouse . Source : Statistical Abstract of the United States : 2012 , Table 700 Married-Couple Families ; data from 2009 . Steve Savant is a contributor to Back Room Technician , an Advisys Company "}
{"input": "What Do Auto Insurance Agents Do? ", "output": "Auto insurance agents are primarily tasked with the process of finding new clients for whom they can write insurance policies . Some auto insurance handle administrative duties like processing claims or policy changes , but this is very commonly shifted to support staff hired by the auto insurance agent so they can spend more time finding new clients . "}
{"input": "What Factors Should Be Considered When Purchasing Long Term Care Insurance? ", "output": "Purchasing long term care insurance is a process that has many steps . Of course your budget will play a big role in the policy you ultimately buy . The assets you have , and expect to have in the future is critical along with the liquidity of those assets . As I have mentioned many times in previous questions -LRB- I guess that 's why I am an `` expert '' -RRB- your medical history will play a role in determining when and how much to purchase . This includes family history and any hazardous sports and hobbies you may engage in . A full-time experienced broker that specializes in this type of policy is your best resource . They can shop , explain and research your options . Although many folks claim to be experts , the full-time experienced agent/broker is invaluable . "}
{"input": "What Factors Should Be Considered When Purchasing Long Term Care Insurance? ", "output": "Here are some factors that should be considered when purchasing long term are insurance : Family health history , family longevity , convalescent care of parents and grandparents . If your family has a chronic history of medical problems , it could present a predisposition for you . If you have family longevity with parents or grandparents , you have a greater need for extended care based on living longer . Its fascinating to observe one familys chronic convalesces versus another familys occasional use of assisted home care . And keep in mind that seniors pay around $ 250,000 in medical bills during their retirement years , some of which are extended care expenditures . "}
{"input": "How Much Does Home Insurance Cost Per Month In West Virginia? ", "output": "According to Home Insurance LLC , the average annual home owners insurance premium in West Virginia is $ 875 . Please keep in mind that his average assumes that you live in an average priced home with average risk factors . Additional assessment of your specific home and risk factors may increase or decrease your annual premium . "}
{"input": "When Should You Get Renters Insurance? ", "output": "You need renters insurance when you have something to loose . That something could be more than your stuff . It could be the reasonable rent you have . If there were a fire , and you had to leave for another apartment , you might have to pay more rent . LOSS OF USE is a coverage built in to the policy . If you have to leave your 2 bedroom , second floor apartment where you pay $ 500 a month because of a fire , you can move into a similar apartment and if that similar apartment cost more , LOSS OF USE will pay for the extra -LRB- above $ 500 -RRB- rent . It will not pay for you to move into a four bedroom penthouse apartment . That 's not similar . If a friend or someone else visits , goes to the bathroom and slips on the floor they could get injured ... badly . A renters policy includes two important coverages : MEDICAL PAYMENTS and BODILY INJURY LIABILITY . MEDICAL PAYMENTS would pay hospital or doctor expenses necessary to treat your friend . The limit is usually $ 1,000 but you can buy more and it 's cheap . If your friend gets a lawyer and sues you , BODILY INJURY LIABILIYT will pay for an attorney to defend you AND pay the damages if you lose . The limits generally start at $ 100,000 , but check the price for higher limits as it also is cheap . Finally , there is your stuff . Maybe it 's used and worn and you do n't think it 's worth a lot . But if you had to go out and buy EVERYTHING all over again , it would be expensive . You can buy insurance that will replace your old stuff with new stuff . You just have to make sure you have REPLACEMENT COST COVERAGE . REMEMBER : Insurance does not cover everything for every imaginable kind of claim . There are limits and exclusions . They are generally the same from company to company . Find an agent you can talk to and ask questions . Good Luck Kevin P. Foley , CPA , CPCU PFT&K Insurance Brokers 877-414-2031 WEBSITELINK "}
{"input": "What Does Renters Insurance Not Cover? ", "output": "A few of the exclusions under a typical renters insurance policy are : a. property covered by any scheduled insurance ; b. animals , insects , birds , fish , worms and bees ; c. motor vehicles including their parts and equipment ; d. motorized vehicles including their parts and equipment , except those vehicles currently operational and used to service the insured premises ; e. aircraft , including their tires , parts and equipment ; f. property of roomers and boarders who are not insureds ; g. trees , plants , shrubs and lawns ; They are covered under the Incidental Coverage of this form ; and h. farm personal property . Please read your policy completely to understand the coverage provided and any exclusions that there may be . "}
{"input": "Will Getting Married Affect My Medicare? ", "output": "No , Medicare is carried by the individual and will not be affected . The only way I know of that marriage would come into play would be to help a spouse receive Medicare benefits even though that spouse may not have the prerequisite employment time required . You may want to check with your Social Security office or Medicare regarding the rules in this regard . "}
{"input": "Can You Take Out A Life Insurance Policy On A Stranger? ", "output": "Being able to take life insurance out on a stranger puts people at risk for being the target of insurance fraud , such as money laundering or murder . Insurance companies have cracked down on this mightily by requiring that there is an insurable interest in order for someone to take out a policy on another , that the insured person gives their consent , and that agents report any suspicious activity in regard to fraud . "}
{"input": "Can You Take Out A Life Insurance Policy On A Stranger? ", "output": "Not anymore . That was an early form of gambling . People would take out life insurance on a crew member of a ship , hoping that the crew member would die during a voyage . You must have an insurable interest in the person and the person must cooperate with medical information and a signature on the application . "}
{"input": "Can You Take Out A Life Insurance Policy On A Stranger? ", "output": "You must establish insurable interest and the need to indemnify financial loss at the death of a stranger like in a business arrangement where the parties may be unknown to each other , but they share business interest as in a buyout or bank financing . All that remains to secure the life insurance policy , providing underwriting approval , is the signature of the so called stranger . "}
{"input": "Can You Take Out A Life Insurance Policy On A Stranger? ", "output": "No , you must have insurable interest , such as a family member , an employee or business partner , or a spouse . The individual must sign the application in your presence and be fully aware of the transaction . Any policy taken out without a persons knowledge is considered fraud and could be subject to criminal action . "}
{"input": "Is It Mandatory To Have Renters Insurance? ", "output": "It is generally only mandatory if your building owner requires Renters Insurance as a condition of your lease . That having been said , obtainig Renters Insurance is a very smart decision for the protection it provides you . If your furnishings for example , were destroyed in a fire that severely damaged the building , your landlord would not be providing you with any financial support for you to replace your belongings . Likewise , if somehow you caused damage to your apartment , the liability portion of your Renters Insurance would cover the repair . Without it , you would either have to pay out of pocket or lose all or a portion of your security deposit . "}
{"input": "Is It Mandatory To Have Renters Insurance? ", "output": "As of this point in time , I am not aware of any local , state , or federal regulations that require a person to have renters insurance . That does n't mean that the landlord through the use of the rental or lease agreement that they could n't require a renter to have renters insurance to be accepted as a tenant . "}
{"input": "How Much Does Homeowners Insurance Go Up With A Pool? ", "output": "Assuming your pool is installed correctly , properly maintained with adequate safeguards in place , the presence of a pool should have little to no effect on your premium . Most policies limits on appurtenant structures -LRB- in-ground pools -RRB- or personal property -LRB- above ground pools -RRB- are more than adequate . In rare cases , when these limits must be increased , the additional premium should not be more than $ 50-100 a year . Diving boards , water slides and other accessories presenting unusual hazards may cause a problem . Some insurers simply refuse to write or renew policies with this type of exposure . In these cases , you could see a significant increase in premium coupled with more restrictive coverage . Checking with your insurance company or agent is something I would do prior to installing a pool . If you are not comfortable with the answer , get other opinions . There is no one size , fits all . "}
{"input": "Will Annuity Rates Increase In 2014? ", "output": "No one has a crystal ball nor the market clairvoyance to predict economic conditions of interest rates in the future . The only consideration is that there are historical trends , which can never be used as a predicable indicator . But they suggest that prolonged low interest rates generally give way to higher interest rates . The recent up tick in 10 year Treasuries may suggest the beginning of such a trend . Many advisers , who sell tax deferred fixed interest rate annuities are recommending short term policies in the present environment . "}
{"input": "What Level Of Life Insurance Do I Need? ", "output": "When the word `` level '' is used in the context of life insurance , it usually refers to a guaranteed level premium , or guaranteed level face amount . This means that the premium or face amount will stay the same -LRB- level -RRB- for a set amount of time . I recommend getting a level premium and face amount for as long as possible . 30 years is reasonably priced level term insurance for younger to middle aged persons . "}
{"input": "Why Is Auto Insurance Important To Have? ", "output": "Auto insurance is important to have since it protects yourself , family members , passengers , and pedestrians in theeventof an accident involving any damage . Of course , your vehicle is also protected , as is the bank who may be financing your vehicle . You do n't have to carry auto insurance . Simply do n't drive a vehicle and it will be one less worry in your life ! I could n't do it though . "}
{"input": "Is A Life Insurance Payout Considered Income? ", "output": "Life insurance payouts are usually considered unearned income . As such , a life insurance payout is not subject to income tax . The new 3.8 % Medicare tax on unearned income excludes life insurance cash value . The Medicare tax also excludes life insurance proceeds that are not subject to income tax . "}
{"input": "Is A Life Insurance Payout Considered Income? ", "output": "A Life Insurance payout is technically income , however , Life Insurance is not taxable , and is paid out in lump sum . Other policies that are paid out to beneficiaries may be Annuities which are taxable as ordinary income as with all payments when the annuities reach maturity . "}
{"input": "Does Owning A Pitbull Raise Homeowners Insurance? ", "output": "Most insurance companies do not surcharge for animals . Instead they exclude certain breeds , restrict payment on others and/or decline the property completely . Dog bites are a major problem for insurance companies and they are more likely to deny coverage and exclude coverage for certain breeds should you purchase the animal following the start of the policy . "}
{"input": "Can Annuities Be Willed? ", "output": "Annuities are contracts . They identify a beneficiary to receive proceeds in the case of a premature death . The company is required to honor the beneficiary . If the beneficiary is the estate , or there is no surviving beneficiary , then the will can direct the disposition of the proceeds . Most of the time people who purchase annuities name living persons who survive them . "}
{"input": "What insurance covers your car if an auto shop damage your engine? ", "output": "If your vehicle is damaged as a result of negligence by the body shop -LRB- or authorized dealership -RRB- , your auto insurance policy will not provide reimbursement for any out-of-pocket expenses you incur . Your best option is to work directly with the body shop/dealership that did the repair work an attempt to work out am amicable solution agreeable to both parties . Damage to the engine can be potentially very expensive , and perhaps render your vehicle unfit and unsafe to drive . Hiring an attorney may be your next-best recourse if the offending party is uncooperative . Important Note : This answer was provided by Ed Harris , one of the nation 's premier car insurance brokers . Carinsurancezoom.org is the leading US trusted authority for providing the best car insurance rates from top-rated companies . "}
{"input": "What insurance covers your car if an auto shop damage your engine? ", "output": "Damage by an auto repair facility is not a covered peril of an auto insurance policy . Your best recourse is to work with the repair facility in making you whole again . If you are unable to resolve a dispute with the repair facility you can reach out to the consumer of automotive affairs and file a dispute or the better business bureau . Worst case scenario of your still are unable to resolve your issue you can reach out to an attorney for legal advise . "}
{"input": "What insurance covers your car if an auto shop damage your engine? ", "output": "Great question ! Your personal auto policy would not cover this type of incident . The auto shop should have a business owner 's insurance policies just for these types of situations . You would just need to speak with the shop , and have them file a claim with their insurance company to pay for your repairs . Hope this helps ! "}
{"input": "What insurance covers your car if an auto shop damage your engine? ", "output": "That is a great question ! The auto repair shop is liable , providing you can prove that they were responsible for the damage . Hopefully they make it right because they are a reputable business , and value you as a customer , but if there are issues with getting it taken care of , you may have to resort to hiring an attorney or taking the case to small claims court . Let 's hope they realize that their business reputation is worth more than the cost of fixing your car , and spare both of you the misery . Good luck , and thanks for asking ! "}
{"input": "Can I Add A Non Family Member To My Car Insurance? ", "output": "That is going to depend on the carrier that you are applying for auto coverage with . Many carriers would prefer that other drivers in the household that are not directly related have their own insurance policy , but some will accept other drivers being on the same policy even if they are not related as long as they reside in the same premise as the insured . Contact a local agent to find out about coverage availability and pricing in your area . "}
{"input": "How Does Borrowing From Your 401K Work? ", "output": "This is pretty simple actually . Borrowing from your 401 -LRB- k -RRB- involves filling out a form indicating how much you would like to borrow . If the money is available , they you will get a check in that amount . Because this is a loan , payments would most likely be set up taken from your current paycheck if you are working . There is interest you will pay back as well however you are paying yourself back . If you withdraw the funds , you may have a tax liability to pay for , fyi . "}
{"input": "Can Annuities Be Rolled Over? ", "output": "In most cases yes . If the annuity is a qualified annuity then you must roll it into a qualified plan or risk being penalized . A non-qualified annuity can be rolled over into a different annuity if the new annuity is more suitable and contains greater advantages than the original annuity . "}
{"input": "Who Is The Best Car Insurance Company For Young Drivers? ", "output": "This will depend on what your definition of good is . If you are defining good as low rates , you will have to do some checking with local agents in area to find out about coverage availability and rates . If you are in Wisconsin the company that I work with at this time tends to have very good rates with young drivers in the household . "}
{"input": "What Is Health Insurance And How Does It Work? ", "output": "Health insurance is a type of insurance coverage that pays for medical and surgical expenses caused by illness or bodily injury of the insured person . It can be purchased privately , provided by an employer , or , as in the case of Medicaid or Medicare , be provided by the government . Payments for medical services can either be paid by the health insurance company directly to the health care provider , or it can be paid to the insured person to reimburse them for payments made , or a combination of both . There generally is a deductible , which is the amount the insured person must pay for health care received until the insurance plan then starts to pay . And there is usually a co-pay , which is a % of the health care expenses incurred above the deductible , or else is paid for predefined services for which the deductible does not enter in . "}
{"input": "Is Globe Life Insurance Good? ", "output": "Globe Life and Accident Insurance Company has its home office in Oklahoma . The company is rated highly by AM Best at this date , so the products it carries are sound . Whether rates are competitive is something you can find out on your own by searching for instant life insurance quotes on the internet . "}
{"input": "How Much Does VA Health Insurance Cost? ", "output": "You asked a very detailed and complicated question . Your first cost is , if you are a service connected veteran , was the days and months you spent in that `` foxhole '' or some distant country that separated you from your family and friends . However , you do not have to be `` service connected '' in order to obtain treatment by the VA. . You can go through a `` annual means '' testing at VA where you are required to provide `` financial details '' including if you do have health insurance . Then you can also be classified as a `` hardship case '' by disclosing financial information and the type of treatment you need . Generally your copays are $ 8 for medication ; outpatient copays are $ 15 for non = specialist and $ 50 for specialist . If you have to be admitted , your copay is the current year Medicare deductible which was $ 840 in 2003 and has been indexing each year and will be $ 2016 in 2014 "}
{"input": "What Is The Retirement Plan For A Congressman? ", "output": "Before 1984 , Members of Congress received pensions that were based upon the Civil Service Retirement System . This is the same system used by other Federal employees . Members of Congress did not participate in the Social Security system . They were not eligible for social security benefits based upon their pay as Members of Congress . In 1983 Members of Congress and other federal employees , who were first hired after 1983 , were integrated into the Social Security System . Starting in 1984 all Members of Congress started participating in the Social Security System regardless of when they first entered Congress . Only those on the federal payroll prior to 1984 continue to participate in the Civil Service Retirement System . New Members of Congress since 1984 have participated in both Social Security and a new retirement program called the Federal Employees Retirement System . A Member of Congress can decline coverage in this program . Members elected prior to 1984 had the option of remaining on the Civil Service Retirement System or opting for the new Federal Employees Retirement System . The Civil Service Retirement program was not designed to be integrated with Social Security . The contributions and benefits from this program are much higher . When these benefits are combined with Social Security they can become substantial . Members of Congress can be covered under one of four different programs : 1 . Full coverage under Social Security and the old Civil Service Retirement System . 2 . An offset plan which includes both Social Security and the Civil Service Retirement System but the amount contributed to the CSRS is reduced by the amount paid into Social Security . 3 . The Federal Retirement System and Social Security 4 . Social Security alone . The pensions for Members of Congress are financed through a combination of contributions from the Congressman and from the Federal Governmenttheir employer . When they pay Social Security payroll taxes they pay the standard 6.2 % required of other employees . If they remained in the Civil Service Retirement System they pay an additional 7 % of their pay . If they opted for the Federal Retirement System they pay an additional .8 % of their pay . When they retire a Member of Congress can receive benefits in much the same way other federal employees do . They can file for and receive benefits under Social Security and they can apply for benefits under the retirement program they have adopted . The retirement benefit itself is based upon reaching at least age 62 and is a function of years of service and income in the highest three years of covered salary . The benefit generated under the Civil Service Retirement System is much greater than the benefit under the Federal Retirement System . By law , the benefit paid to a Member of Congress can not exceed eighty percent of the final pay of the Member of Congress . There are around 500 Members of Congress drawing pensions today . Their average pension in 2006 was under $ 35,000 . Members of Congress who elect an immediate annuity can also maintain the health insurance that they had as federal employees . Members of Congress that elect the FERS program are also eligible for a thrift savings program in which contributions are matched to a certain level . "}
{"input": "Who Has The Best Auto Insurance Rates In California? ", "output": "The best insurance rates buy coverage that is adequate to meet your needs when you have a claim . When you are involved in a collision you wont care how much you paid , you will care how much the company will pay on your behalf and for your loss . A good insurance agent is the key to the best auto insurance . The agent should listen to you , provide sound financial advice and communicate clearly with you and with the insurance company you both select . "}
{"input": "Who Has The Best Auto Insurance Rates In California? ", "output": "Auto insurance rates in California are not as high as you may think , in many areas . Regarding which company has the best rates , it depends on several factors including the type of car , your age , driving record and coverages . As experienced brokers , we research and compare all of the best prices from the top-carriers so you can easily get a free quote on our website . It pays to shop , and there 's no cost . California prices are often very competitive . "}
{"input": "What Kind Of Retirement Plan Is Trs? ", "output": "What kind of retirement plan is TRS ? A quick search reveals that TRS is short for teachers retirement system . These are state sponsored plans set up to provide retirement benefits for public school educators in their respective states . The plans themselves may be different in each state as well as different within each state as plans are altered at times for new hires . For example in my state there are currently three plans in action for the teachers retirement . The first was closed to new hires in 1977 and has about a 1000 teachers still working . The second was closed about a decade ago and is very different from the first and the third is still different from 1 or 2 . I expect a fourth to be introduced in the next 5 years . "}
{"input": "What Is Gerber Life Insurance For? ", "output": "Gerber Life Insurance started in 1967 as a way of helping children and families protect their future through life insurance . They offer policies for babies , youths , adults , and seniors . One plan is specifically aimed at providing cash value to pay for college , and their Guaranteed Life plan is designed for final expenses . However , any of their plans can be used for any purpose that fits the needs of the insured . "}
{"input": "What Is Gerber Life Insurance For? ", "output": "Gerber Life is one of the many insurance companies that offers life insurance benefits - they were rated `` A '' by A.M. Best . They feature a great guaranteed-issue whole life insurance program -LRB- GIWL -RRB- for people between ages 50-80 - there are no health questions and no exam required for the program . The program features a `` graded '' death benefit - in short , a two-year waiting period before the program will pay a death benefit -LRB- unless death occurs under accidental means in the first 2 years , in which the policy will pay the full benefit -RRB- . That 's just an overview of one product that they offer . Gerber offers a wide range of products to fit various needs for individuals . "}
{"input": "Can One Person Have Multiple Life Insurance Policies? ", "output": "A person can own as many Life Insurance policies as they desire if they qualify for the coverage and can pay for them . The biggest problem is that without proper counseling the policy may not fit the need that the person was purchasing the policy for . Many policies are put on the market to meet specific needs and because of the public knowledge a person may buy a policy that they thought meant one type of coverage when in actuality it was completely different coverage . Over my lifetime I have worked with persons who would buy term policies when in their mind they had mixed them up with policies which are paid up early , ie , ten pay life , etc. . I have met more than one individual who through the years had bought 10 year term thinking it was like ten pay life and that it would be paid up in ten years . I want to stress here that buying a Life Insurance policy without understanding all of its reasons for existence is like buying any auto with four wheels without knowing anything further . I would also like to point out that most Life Insurance policies have what is called a `` policy fee '' that is attached to the premium of the policy . What this means is that the company is charging fifty to sixty dollars per year for the administration of that policy and there is no coverage on that amount of the premium . I have had people want several smaller policies to avoid taking a medical . This also can be a mistake since most companies have discounts on the larger amounts of Life Insurance on an individual . In today 's life you can find an individual who has knowledge in all fields of finance . If that person is living up to the pledges made to become an agent they will educate the client and help them purchase the proper Life Insurance and investments without sales pressure . A good agent builds clients for a lifetime ! Allen D. `` Al '' Mitchell , Ph.D. , CLU , FLMI Author `` The Prophets Dollar '' second edition . "}
{"input": "Can One Person Have Multiple Life Insurance Policies? ", "output": "Yes , one person can have multiple policies . The type of policy that works best for one need may not be best for another . And some people simply like to spread their coverage around to different companies , just as they like to diversify their financial portfolio . You must be financially qualified for the sum of life insurance that you own , or for which you are insured . That is why life insurance applications will ask if you have other policies , and if you are replacing any of them . The amount for which you are financially qualified is based on your age , income , assets , and in rare situations , health factors . "}
{"input": "Can One Person Have Multiple Life Insurance Policies? ", "output": "Yes , with a proviso . You can have multiple life insurance policies , but only up to the face value combined limit of what would be reasonable , based on your income and situation . For example , if you earn $ 50,000 a year , and want a $ 5 million policy combined limit -LRB- say 5 policies of 1 million each -RRB- , that would not be permitted . The reason is that it would be too tempting for someone to due this , then wait two years , and commit suicide , to provide large amounts of money to their family . That is not the purpose of life insurance . It is meant to REPLACE lost income . Not to be a lottery . So , within reason , you could say buy five or perhaps even ten times your annual income . But do not expect to buy one hundred times it , in combined policies . And realize that by splitting up the policies , you gain nothing , since all policies will be viewable to all companies from a national listing they review . Thank you and love to help . GARY LANE , garylane@cox.net, 714\u00a0422\u00a09616 . "}
{"input": "Can One Person Have Multiple Life Insurance Policies? ", "output": "The answer here is a resounding YES ! When you go through the process of examining your situation and determining how much life insurance you need , many people can not , or are n't willing to , pay for it all . In these cases , I recommend assigning a priority to each risk , and covering the most important first . As you can afford it , you can purchase additional policies at later dates . Timing is also a factor . Some risks are temporary while others are permanent . For example , a mortgage or college education for your children have an expiration date while your income or living expenses do not . For many of my clients , we will buy term insurance to cover the temporary risks and permanent insurance to cover the permanent risks . Insurance companies , for the most part , are n't concerned with how many different policies you have , they 're concerned about the total amount of coverage you have among all the policies . If money was not an issue I would recommend all permanent insurance as it 's the least expensive in the long run . However , many people can not afford to do this and end up purchasing both permanent and term insurance as their budget allows . The most important thing is to purchase the right amount first , even if it 's all term insurance . Once you lock in your insurability you can always convert that term to permanent as your budget allows . As always , find an advisor you can trust and listen to their advice . We deal with this every day and have specialists at our home offices for more complicated issues . We can usually find the right coverage at a price you can afford . "}
{"input": "What Company Has The Cheapest Car Insurance In Montana? ", "output": "Depending on which part of the state you live in the rates are quite competitive . A good example here in Kalispell the rates are lower then Columbia falls and Missouls but higher then Kila . It is important to compare rates with many carriers , also find an agent that you can trust and feel comfortable with . You can get quotes online but most of them are not as cheap as a local agent . A local agent can compare rates with many carriers and make sure that you are properly protected and also give you all the discounts that are available . doing an online only quote you could be missing out on a huge saving I recommend you call and agent . "}
{"input": "Why Is A Roth IRA Better Than A 401K? ", "output": "A Roth IRA isnt better . A Roth IRA is different . Contributions for a 401 -LRB- K -RRB- reduce your current income tax . Contributions to a Roth IRA do not . Distributions from a 401 -LRB- K -RRB- are fully taxable as ordinary income . Distributions from a Roth IRA are not taxable at all . The limits to how much you can put into a 401 -LRB- K -RRB- are quite generous . The limits to contributions to a Roth IRA are restrictive . There are taxes and possible penalties if you withdraw money from a 401 -LRB- K -RRB- prior to age 59.5 . You can withdraw from the capital invested from a Roth IRA without tax consequences . There are advantages to both . "}
{"input": "Can Felons Buy Life Insurance? ", "output": "Felons who are on probation or have had a felony within the past 2 + years can have a difficult time getting life insurance , other than guaranteed issue coverage . Even a felony within the past 10 years can prevent getting some simplified issue policies , although a medically underwritten policy will look at the details of the felony and approve or decline based on that . Contact an agency that carries a large variety of products to find the lowest price policy with a history of felony . "}
{"input": "Can Felons Buy Life Insurance? ", "output": "Generally yes unless they are incarcerated . Those who have a felony conviction on their legal record are not excluded from purchasing life insurance and generally life insurance companies do not ask about any felony convictions in a proposed insured 's history , nor do they ask about any misdemeanor convictions . "}
{"input": "Can Felons Buy Life Insurance? ", "output": "Whether or not a felon can buy life insurance depends on several factors , including the age of the felon , and how long ago the felony was committed . Felons who are on probation or have had a felony within the past 2 + years can get guaranteed issue coverage if they are at least age 40-50 . If the felony was longer ago , it may be possible to get a simplified issue or medically underwritten policy . Contact an agency like ours , that carries a large variety of products and knows the details of what each will take , to find the lowest price policy with a history of felony . "}
{"input": "Does Suze Orman Recommend Long Term Care Insurance? ", "output": "Yes , Suze Orman recommends long-term care insurance . In fact , she is the primary caregiver for her mother who lives with her in Florida . In an article written forSun Times Media , LLC , dated Sept. 4 , 2012 , she relates how difficult it has been taking care of her mother . Although Suze Orman had - and still has - the means from her business to take care of the costs of long-term care insurance , she reports that she tried and tried to get her mother to sign off on an LTCi application , but she refused to do it . Her mother said she would n't ever need it and that it would be a waste ofmoney . It costs approximately $ 25,000 / month for Suze to keep her mother at home and have the best quality care around the clock . That 's about average for 24/7 home care with skilled nursing . If Suze 's mom were to go into a Nursing Facility , the cost would be much less , but would still be from $ 7,000 - $ 12,000 per month , depending on whether she had a semi-private or private room . Suze indicated that as a young professional financial advisor , she saw `` clients who would spend all the money that they had earned over a lifetime on a long-term care stay . '' She advised that , `` If you can afford LTC insurance and you are in your early 50s or older , now is the time to look into getting it . '' But , she also cautions that if you ca n't , '' ... dont buy it because you will end up dropping it and wasting your money . '' She concludes her article with the irony of her own personal situation with regard to buying long-term care insurance . `` Over the years , I have had some health problems that are fine today . But , when I went to get my own LTC insurance policy two years ago I was denied for recent health reasons . If I had just gone one year earlier , that would not have been the case . '' -LRB- Suze Orman donated her fee for writing the article to Blue Planet Network , which aims to bring sustainable safe drinking water to people in rural communities around the world ; blueplanetnetwork.org . -RRB- "}
{"input": "Is A Roth IRA A Qualified Retirement Plan? ", "output": "A Roth IRA is a retirement plan , but is not qualified in the sense that you can not deduct your contributions into the plan . Roth IRAs accumulate tax deferred and distributions are tax free . Roth IRAs may be an option for individuals who are in a low tax bracket and have no employer sponsored retirement plan at work . "}
{"input": "Is A Roth IRA A Qualified Retirement Plan? ", "output": "Is a Roth IRA a qualified retirement plan ? Well not in the same sense of other qualified plans . With other qualified plans you are participating to get a tax break today , knowing that tomorrow you will pay taxes on income you take from those plans . A Roth on the other hand works in the opposite direction . You pay your taxes now and get the tax break later . "}
{"input": "How Can A Self Employed Person Save For Retirement? ", "output": "Start a percentage of profit in a savings account this might take sometime but will pay off later in being self employed means you like the freedom that comes with it . Do n't borrow money in most cases you are making enough money to run your business and live . So live below your means get help to evaluate where you are at you can get this help free most consultants or financial planners will get paid from the carrier not you . Dividend stocks and IUL life policies are good in this case and will help you earn tax free money later . I would invest in Land they are not making any more . Just say for example Hersey stock symbol -LRB- hsy -RRB- is a world dominator and has paid dividends as high as 7 dollars per share which a 10k dollar investment now could pay dividends of say 7-10k 15 years from now . "}
{"input": "How Can A Self Employed Person Save For Retirement? ", "output": "That is an excellent question , and one we could spend all day discussing . To make it really simple , let 's start with three things that you can do . First , decide what retirement looks like to you . What age would you like to retire , at what level of living , and where . Then , once you have that picture , look at where you are now in relation to being able to accomplish that retirement . Once you 've got that snapshot , then you find an advisor that can help you get to that goal . There are a great number of investment options out there to choose from , they can help you find the ones that are right for you , and your goals . I appreciate you for asking ! Thanks ! "}
{"input": "Can Home Insurance Companies Drop You? ", "output": "Yes , but typically it takes some very substantive issue if the policy is more than 60 days into being in effect . On fairly modest basis you can see carriers withdraw from a state or territory because their loss experience may endanger the health of the overall insurer . Also there can be situations where an insurance department sees an ongoing impairment of the carrier and proceeds to cancel all policies for the carrier . This happened in Texas following Hurricane Ike . If the property is not properly maintained , there was misrepresentation or even sometimes because it would be against public policy to continue to provide liability insurance in the face known instrumentality of putting the public in danger . You see very infrequent last item because Insurance Departments often are involved in that regard . but you can see this happening with dangerous dogs etc. . There also can be changes in exposure that were no known at inception . For example a build up combustible brush near the property . So , it generally occurs because the frequency of loss is unsustainable over time . or the conditions are changing for the worse or the insurer now recognizes some information in a loss that was not previously known . "}
{"input": "Can Home Insurance Companies Drop You? ", "output": "The insurance company that is insuring your home is not required to renew coverage . If they are not going to renew , they are required by law to give you adequate notice . There is a clause that assures a lender that they too will be notified if coverage is not being renewed . A homeowners policy can be cancelled anytime that the premium is not paid when due . "}
{"input": "Can Home Insurance Companies Drop You? ", "output": "That is a great question ! Yes , they can . Generally though , it is because of something that you did , and being dropped was a result of that action . For example , you missed a couple of payments , or you misrepresented something substantial on the application . You generally have to work kind of hard to get dropped , but it will happen , especially if you are a liability or high risk . Thanks for asking ! "}
{"input": "What Is The Best Retirement Plan? ", "output": "Selecting the best retirement plan is determined by your personal financial profile . First consideration is whether the plan should be qualified or non-qualified . If your tax bracket is high and/or your employer matches some of your contributions , a qualified plan should be considered . If your tax bracket is low and your employment doesnt offer a match then non-qualified plan should be considered . Once you establish whether the plan should be qualified or non-qualified , then funding your retirement with the proper product is next . To do this you need to establish a personal financial profile that includes a risk tolerance assessment , your financial goals and a life expectancy review . "}
{"input": "What Is The Best Retirement Plan? ", "output": "The best retirement plan is the one that allows maximum pretax or tax deductible contributions with an employer match and a vast inventory of investments to choose from . A 401 -LRB- k -RRB- allows up to $ 17,500 with a catch provision for those over age 50 for an additional contribution of $ 5,500 . Not all employers match , but if you 're a highly paid employee , you may able to persuade your employer to match as an employee retention benefit . "}
{"input": "Is Life Insurance Public Record? ", "output": "Not in the sense that anyone can look up your coverage who isnt authorized to do so . The MIB and scripts records are available for authorized access for life insurance due diligence purposes and when applying for life insurance , the proposed insured is required to disclose total coverage . There are privacy protocols in place to ensure , as best one can in an information age , medical and personal financial records , including life insurance . "}
{"input": "What Happens When You Stop Paying Life Insurance? ", "output": "Life insurance is a contract . Term life insurance is a contract based on the exchange of premiums for coverage . If you stop paying premiums and youre past the reinstatement period , youve lost coverage and may be required to re-qualify for coverage . Permanent forms of life insurance with accumulated cash values may be able to sustain the policy without premiums for a time . To determine if your policy will continue without payments , order an in force ledger from your company . In your request for an in force ledger , ask them to illustrate the nonpayment of premiums under current policy expenses . This will give you an idea how long the policy will stay in force . "}
{"input": "What Happens When You Stop Paying Life Insurance? ", "output": "The answer is as simple or complicated as the policy you have . With a simple term policy , it will lapse , after entering into your grace period . Term with Return of Premium , generally will not lapse until the cash value the ROP has been exhausted . Many clients will use a return of premium term to `` pay up '' their policy so they do not have to pay for all the years . With Whole Life or UL the cash value in the policy will pay the premiums until exhausted . Whole Life may provide you with a ` paid up ' option however so if you do have to stop paying premiums , you can still get a death benefit although it will be smaller than whet your initial death benefit was . "}
{"input": "What Happens When You Stop Paying Life Insurance? ", "output": "With Term life insurance , if you stop paying premiums for over one month , the policy will lapse . To get that same policy back you have to fill out a reinstatement application saying that your health has not changed , and you have to pay back premiums to when you quit paying them . If your health has changed or you are unable/unwilling to pay that amount , you will need to apply for a new policy . There is no cash value and no surrender charge . When you stop paying the premium for cash value product such as Whole life or Universal life , the cash in the policy may pay the premiums until the cash value runs out . If you would rather take the cash value out in cash , or roll it over into another policy , or change your policy to a reduced paid up policy , you must contact your agent or the life insurance company and give them those instructions . "}
{"input": "What Happens When You Stop Paying Life Insurance? ", "output": "That depends on the policy type . In most cases though the policy will be cancelled . Some policy 's like universal life and some whole life policies may allow you to miss a payment without cancellations . If you just missed your payment date by a few days and it is the first time that you have missed a payment . I would contact your agent to see if the policy could be re-instated . Please remember every policy is different . Read your policy completely to know what coverage you have and what exclusions there may be or contact your local agent to have them go over the policy with you . "}
{"input": "What Are The Best Ways To Save For Retirement? ", "output": "What are the best ways to save for retirement ? Well , when I see this question and I do see it a lot I sort of answer it this way . The best ways to save for retirement is to get into the habit of saving for retirement . There are many ways to save for retirement , there is no best way , there are ways that work best for you , but again the big thing is to do it . "}
{"input": "What Are The Best Ways To Save For Retirement? ", "output": "There are of course numerous ways to save for retirement ; which one is best depends on your objectives and circumstances . You should use taxed deferred plans when available . These allow your money to compound and grow without taxation . In Canada , RRSPs -LRB- Registered Retirement Savings Plans -RRB- contributions within limits , can be deducted from your income , grow taxed deferred and are not taxable until you make withdrawals . TFSAs -LRB- Tax Free Savings Accounts -RRB- contributions are not deductible , they do however , grow tax deferred , and withdrawals are not taxed . Which one is better depends on your circumstances . If your employer offers to match your contributions be sure and take advantage of this `` free money . '' Working with a financial planner will help you determine what plan is best for you . Additional information can be found at www.retirementplanningchecklist.ca If you have further questions , please do not hesitate to contact me . "}
{"input": "Who Governs Annuities? ", "output": "If youre asking about all annuities , then here are two governing bodies for variable annuities : FINRA and the Department of Insurance . Variable products like variable annuities are registered products and come under the oversight of FINRAs jurisdiction . But because it is an annuity insurance product as well it falls under the department of insurance . Non FINRA annuities are governed by the Department of Insurance in each state . "}
{"input": "Where Can You Rollover A 401K? ", "output": "A 401k can be rolled over at most any bank , insurance , investment , financial firm in the country . The type of investment or annuity vehicle is actually the choice you must understand.That vehicle will get you different types of return on your money . Its very important to research where the 401k is rolled over which notifies the IRS or the rollover so it is not taxable . "}
{"input": "Where Can You Rollover A 401K? ", "output": "A 401 -LRB- k -RRB- can be rolled into several investment vehicles . The character of the money must remain the same so it is essential that you differentiate any money in the 401 -LRB- k -RRB- that came from after tax dollars . It is usually best to take those out directly and either spend them -LRB- they are tax free -RRB- or invest in a Roth IRA . The balance can be rolled into any Individual Retirement Account . "}
{"input": "How Are Variable Annuities Insured? ", "output": "A variable annuity is a security investment under FINRA and an insurance product under the department of Insurance of each state . Variable annuity separate sub accounts have equity and bond investments and can lose money . The guaranteed general account is a fixed interest rate which can vary . A variable annuity contract is not insured by any government agency . "}
{"input": "Which Medicare Supplement Plan Is Best For Me? ", "output": "There are several factors to consider before making a decision for your senior Medicare needs : Foremost , will you be better off purchasing an insurance supplement , or is a Medicare Advantage plan better for you ? Those two solutions to solving your needs are different animals entirely , so make sure you educate yourself on the different advantages of each and look for only plans in your area . Some plans are county specific . Some supplements are area specific . This is one journey you do not want to take alone . So to help you make an informed decision with your agent , you of your power or attorney need to keep in mind the following items 1 . Are you eligible to change what you have ? 2 . What medications you take . 3 . How often do you go to the doctor ? 4 . How much risk are you willing to accept in return for lower premiums ? All insurance plans transfer some risk from the client to the insurance company . The less risk -LRB- deductibles and copay -RRB- on the client , the more premiums will be . Supplements that have the same letter name -LRB- PLan N , for example -RRB- theoretically cover the same items , so you should be shown what they do and do not cover , and be able to compare costs with other companies . 5 . Are you on assistance ? 6 . Are you under or over 65 ? When did you get part B ? 7 . What state and county do you live in ? 8 . Do you have extensive chronic illnesses ? 9 . Did you recently move , get married , get divorced , move in with family members ? 10 . What is the carriers financial rating and how long have they been in the Medicare Supplement or Medicare Advantage business ? These and other questions are ones I ask before making any recommendations to my clients . If you go to an independent broker who has many Medicare clients , he should have several choices to offer , as there are many companies that compete in this arena . It is n't an easy answer , hopefully the above questions will help you gather a checklist for your agent . If he or she does not ask many of these questions , or only has one solution , you might be better off to move on to a different agent "}
{"input": "Which Medicare Supplement Plan Is Best For Me? ", "output": "Medicare supplement plans depend on your specific needs so there is much more information that would be needed in order to determine which medicare supplemental plan is best suited for you . You should seek out the advice of a licensed insurance agent who can better guide you on which plan is best for you . "}
{"input": "Do Long Term Care Insurance Premiums Increase? ", "output": "Long Term Care Insurance Premiums can increase . Historically , rates have not increased often , or by much . There has been a larger increase in premiums recently due to higher than anticipated claims , and lower than anticipated interest rates . Long Term Care Insurance companies do all they can to keep their premiums from going up , but they also must do what is needed to keep their companies and existing policies viable . "}
{"input": "Is Buying Long Term Care Insurance A Good Idea? ", "output": "Most advisers begin addressing long term care insurance to their clients around age 50 . But the purchasing trend of long term care appears to be around age 60 . However , if youre family has a predisposition to disease , chronic hospitalization or nursing home confinement when theyre old , you may want to consider long term care insurance when youre young and healthy . You should purchase long term care for your retirement years . The statistics are significant that youll experience a need for assisted living or perhaps nursing home confinement . The average married couple spends $ 250,000 on medical and extended care during their retirement years . Securing long term care is important , especially when youre healthy and heading into your late fifties , early sixties . "}
{"input": "Can Annuities Be Rolled Over To An IRA? ", "output": "Non-qualified annuities can not be `` rolled over '' into a qualified plans . Now that 's not to say that proceeds from a surrendered annuity ca n't be used as a contribution into your qualified plans , but taxation and penalties could present a negative economic result for using those funds for a qualified retirement plan . Check with your tax consultant first before moving forward with your annuity . "}
{"input": "What Is The Cost Of Homeowners Insurance In California? ", "output": "Cost of homeowners insurance in California is based on location , replacement cost of the dwelling which would entail putting together all the characteristics of the home . Past claims experience and potential discounts you may qualify for . A California independent agent like myself could help you find the right insurance carrier at the right premium to fit your needs . "}
{"input": "What Is The Cost Of Homeowners Insurance In California? ", "output": "There are two ways to look at cost . One way is the annual premium . The second is to look at satisfaction when you have a claim . Sometimes a lower premium will not result in satisfaction when there is a claim . In California companies charge what it takes to cover the losses that they experience in California . A good agent can help you identify the coverage you need and the price that will represent the best value . "}
{"input": "Who Is The Number One Life Insurance Company? ", "output": "The number one life insurance company by assets and insurance in force is MetLife and its related companies . There are so many areas in ranking a life insurance company . John Hancock has the leading 5 year net investment yield . There are also six rating services that measure the financial strength and claims paying ability of many of the life insurance companies that do business in the U.S. : A.M Best , S&P , Moodys , Fitch , Weiss and Comdex . There are also product spreadsheets published by independent industry Intel groups that rank by premium cost , policy provisions and serving claims experience "}
{"input": "Is There A Limit To How Much Life Insurance You Can Buy? ", "output": "The purchase of life insurance is predicated on financial justification to come up with a death benefit . If the justification amount can be certified the death benefit , the numbers can become quite large , over $ 100,000,000 . Many large insurance companies offer jumbo limits to 65 million . You can also justify life insurance coverage with the expected earnings -LRB- human value -RRB- for an individual to age 65 and use a multiplier to increase the death benefit amount . "}
{"input": "Is There A Limit To How Much Life Insurance You Can Buy? ", "output": "There is a limit to how much life insurance you can buy , and the way it is determined is called financial underwriting . At each age , the insurance company will set a maximum amount of coverage that can be purchased at each income level . E.g. . At age 30 they might allow 25 times the annual salary . If your salary is $ 60,000 per year , you can get $ 1,500,000 . However , underwriters also consider assets and liabilities , as well as other income in the household . So it can be possible to get far more coverage than the income formula allows . "}
{"input": "Will Medicare Pay For Non Emergency Transportation? ", "output": "Medicare can pay for non-emergency transportation if that form of transportation is needed to prevent endangerment of your health , and if you need to be transported to a place where your health can be diagnosed or treated . You might also be able to have Medicare cover non emergency transportation if you are confined to bed and that is the only way that you can be transported to get the medical care you need . "}
{"input": "When Do Medicare Advantage Cuts Begin? ", "output": "Unless Congress changes their mind ... again ... Obamacare cuts to Medicare Advantage will continue in 2014 and later . Every year for the last few years Congress has cut funding in one way or another for Advantage plans . Future cuts will mean fewer Advantage plan choices , higher premiums , higher deductibles , higher copay 's and higher out of pocket . "}
{"input": "How Do I Get Medicare Part A And B? ", "output": "To get Medicare Part A and B , most people have paid into Medicare through taxes for at least 40 quarters -LRB- 10 years -RRB- over the course of their working lives . They are either automatically enrolled on their 65th birthday , if they are receiving Social Security at that time . Or they enroll themselves in the 3 months before or after their 65th birthday . Others get Medicare Part A and B for being disabled for 2 years or having end stage renal disease or ALS . "}
{"input": "How Much Is Renters Insurance Annually? ", "output": "It varies depending on what coverages you have , as well as how much stuff you have . The average Renters policy is about $ 15 a month , but if you start adding on Jewelry Riders , Sewer Backup , Family Liability etc. the cost obviously can vary . Find a local agent , and discuss with them what is best for you . "}
{"input": "Can You Be Denied Medigap Insurance? ", "output": "Yes . If you do n't buy a Medigap plan during your initial open enrollment period -LRB- the 6-month window from your Medicare Part B effective date -RRB- , you can be subject to medical underwriting if you do not qualify for a special enrollment period . If you 're applying with medical underwriting , you have to answer the medical questions on a carrier 's application . Depending on the responses , they will approve or decline you . Keep in mind , each carrier has different health questions so some may work better for your medical history than others . The BEST TIME TO BUY a Medigap plan is during your initial open enrollment period because there is NO medical underwriting . This means that regardless of your health status , you can buy any Medigap plan from any carrier in your area , again , with NO medical underwriting ! I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "Does Health Insurance Cover Getting Your Tubes Tied? ", "output": "It greatly depends on the type of policy you have , & whether it is deemed medically necessary , or elective . You may be able to pay only co-pays if you have a group policy , or a percentage if you have an individual policy . Many supplemental policies such as Aflac , will actually pay you , a reimbursement , for each day in the hospital , Ambulance transpiration , & other procedures you may go through . Best to have your specific policy reviewed by a professional . "}
{"input": "Does Health Insurance Cover Getting Your Tubes Tied? ", "output": "Voluntary sterilization is often covered under many group health insurance plans . Tubal ligation as well as vasectomy are common forms of permanent birth control . The vasectomy is a much simpler operation usually performed on an outpatient basis in a doctor 's office . Tubal ligation is more invasive , performed under general anesthesia in a hospital . Tubal ligation is often performed in conjunction with other `` female '' surgery such as a hysterectomy or D&C . "}
{"input": "What Is The Declaration Page Of A Homeowners Insurance Policy? ", "output": "The Declarations Page -LRB- also referred to as the ` dec page ' -RRB- on a Homeowners policy is the title page which details the Named Insured , the Term of Coverage , the Insured Mailing & Property Address and the Limits of Coverage for each Section . If there is a mortgage on the property , the mortgagee should be listed on the declarations page ; this is particularly important because the insurance carrier will mail the ` Mortgagee Copy ' of the declarations page to the address listed with the account number listed being the reference to the mortgage company . Each insured person should check to make sure that this information is correct in order to avert unnecessary communication with the mortgage company . "}
{"input": "What Is Medicare Crossover Insurance? ", "output": "Medicare crossover is not insurance . It is an electronic claim processing system used by Medicare providers to submit claims to Medicare . Once Medicare adjudicates the claim and approves it , the claim is sent to your Medigap carrier of record . This eliminates the need for your provider to file one claim with Medicare , another with your Medicare supplement provider . "}
{"input": "Does Your Child Need Life Insurance? ", "output": "Getting life insurance for your child , in my opinion , is more important than ever before . With the advancement of medicine , there are many health conditions being diagnosed , and even tendencies toward health conditions are noted in medical records . While this is wonderful for saving lives , it can have a negative impact on insurability and life insurance rates . Getting life insurance for your child ensures that they will have a good life insurance rate for the rest of their lives . Even if you just put them on a child rider , they can convert the amount of the rider to 5 times that amount of life insurance when they become an adult . "}
{"input": "Does Your Child Need Life Insurance? ", "output": "Yes , indeed . Think about when he or she gets older . Buy a home and take out a mortgage ? No problem - has a policy already so the family can pay it off . Start a business and need a policy to qualify for a bank loan ? Got one . An emergency requires lots of cash in a pinch ? The cash in the policy is available within days . Unfortunately comes down with diabetes or another illness , and may have to pay a lot for a new policy ? Now worries - already covered . See what I mean ? "}
{"input": "Does Your Child Need Life Insurance? ", "output": "Life Insurance for children is a good idea for a family . The first benefit would be for the event of a death of a child then the family could use the benefit to pay for funeral and burial expenses . This benefit would take away additional stress in a very difficult time . The second reason would be providing a good start for the child 's future family as many of these policies offer great conversion rates in the future . Every family needs protection and that would include the child 's future family . This policy would be beneficial if the child was unable to obtain a policy later in life if they developed a illness or disease that prevented them from getting insurance . "}
{"input": "Does Your Child Need Life Insurance? ", "output": "Does your child need life insurance ? Well there will be an answer for everybody and they may not be the same . I purchased life insurance on my children . Here are a few reasons why ... . if one of my children were to die , I do n't think I would be able to go straight back to work on Monday as if nothing happened . I would n't want to have the price of the headstone and service costs get into the pain my wife and I would be experiencing . Imagine telling your wife `` that costs too much '' for the headstone she wants for your child . I also bought for positive reasons too . I purchased whole life so they have permanent insurance working hard at a low cost for them . They have solid cash values and life insurance to take into adulthood . "}
{"input": "What Can I Do With My Life Insurance? ", "output": "It depends upon what type of life insurance you have . If its term or guaranteed universal life , then you options are limited to coverage or the sale of those polices in the settlement market depending on the date of issue , your age and life expectancy . If you have cash value permanent life insurance , you have the option to access the cash values via policy loans and maybe withdrawals tax free . "}
{"input": "What Can I Do With My Life Insurance? ", "output": "If you have a term life insurance policy , you have few options . The main thing is to keep paying it , or you will lose it after one month of nonpayment . You can change the beneficiary or owner , if you wish . You could convert it to a permanent policy , if it has a conversion option . If the premium is too high , you may be able to lower the face amount . If you have permanent life insurance , in addition to continuing to pay it , changing the beneficiary or owner , or opting for a lower face amount , you may be able to do a few other things . You may be able to quit paying on it and have a reduced paid up policy . You may be able to put in a lump sum of money so that the policy will stay in effect with no further payments . You could borrow from the cash value or surrender the policy . Contact your life insurance agent to see what possibilities exist with your life insurance policy . "}
{"input": "What Can I Do With My Life Insurance? ", "output": "I am not sure what exactly you mean by this question . There are many answers . I will give a few . Life insurance is meant primarily to provide a death benefit . Depending on the type of policy you may also have some living benefits however . Some policies provide accelerated death benefits for those who are diagnosed with a terminal illness . A Whole Life plan may have cash value you can borrow from if you have an emergency and need money . It also has non-forfeiture provisions that prevent you from losing the insurance completely if you cant pay the premium by utilizing the cash value that is in the policy to keep it in force . There are some companies who buy life insurance policies . "}
{"input": "When Will Annuity Rates Go Up? ", "output": "No one is a prognosticator in predicating when and if interest rates go up . But if annuity sales trends -LRB- five year guaranteed rate annuities -RRB- are any indication , then perhaps in five years or less -LRB- 2.95 % for five years . -RRB- Long term fixed interest rate annuities , currently at 3.25 % for ten years is too long if rates start moving up and your annuity has punitive surrender charges if you want to move . "}
{"input": "Can Life Insurance Be A Tax Deduction? ", "output": "In general terms life insurance can not be deductible personally or business . However , that being said , certain qualified plans allow for funding part of your annual plan contributions with life insurance : participating whole life insurance at 49.5 % and universal life insurance at 25 % of your annual contributions . You 'll have to pay an economic benefit tax , but it may economically viable to consider . "}
{"input": "What To Know When Filing A Homeowners Insurance Claim? ", "output": "When filing a homeowner 's insurance claim , you should have good documentation and records of how the claim originated , what damage has resulted and what future damage is at risk . An adjuster is likely to meet you at your home to view and discuss the damage and often , issue a check at that time . "}
{"input": "Will My Homeowners Insurance Increase After A Claim? ", "output": "It is entirely possible that your Homeowners Insurance may increase upon renewal as a result of claim activity . However , that having been said , it also depends upon the company and cirsumstances of the claim , the type of claim and amount paid for the loss and your long term history with the company . Always check with your insurance porofessional to understand your particular coverage , terms and conditions of the policy . "}
{"input": "Will My Homeowners Insurance Increase After A Claim? ", "output": "Several factors are considered when calculating a rate for homeowners insurance . Claim history is a factor along with credit , length of time you 've been insured with the same company , type of home , type of claim , claim severity ect ... Just because you file a claim does not guarantee a rate increase however there 's a pretty good chance this will happen if you 've only been with your insurance company for a short period of time . "}
{"input": "Why Should Landlords Require Renters Insurance? ", "output": "A landlord can usually require tenants to carry their own renters insurance . Some States have regulations that must be satisfied first but most landlords can require it in the rental contract . The major purpose for the landlord is to provide a shield of sorts , from some or all liability associated with the rented dwelling , in the event of a loss to either property or persons . There are several obvious reasons concerning property and liability that make it important for both parties actually . For example , if a renter 's property was damaged by a covered peril , the renter might look to the landlord for recovery . However , absent the landlord 's liability in relation to the loss , the renter would not be reimbursed without their own renters policy in existence . Also , as another example , if a visitor was injured in the renter 's apartment , in the absence of a renters policy , the injured person might look to the landlord as the sole source of reimbursement for injuries , which , of course could be substantial in nature . The landlord certainly has a right to protect him or herself in this instance . It just makes good , logical sense ... all the way around ... for landlords to require tenants to carry renters insurance . "}
{"input": "Why Should Landlords Require Renters Insurance? ", "output": "Always . And the landlord should request evidence of the existence of the renters insurance . Reason number one : Under the personal liability coverage of a renters policy the carrier agrees to pay the sums the insured is legally liable for as a result of bodily injury or property damage . What type of occurrencescould be involved ? A guest in the renter 's apartment slips on a wet bathroom floor , falls , and is injured . This is bodily injury . The tenant leaves a pan of oil on the stove unattended and a fire results damaging the building . This is property damage . Reason number two : Unless legally liable , the landlord is not responsible for the tenant 's business or personal property -LRB- for things like fire , theft , mysterious disappearance , etc -RRB- The tenant should cover their own property with insurance like a renters policy . "}
{"input": "Does South Dakota Require Auto Insurance? ", "output": "All states require at least a minimum amount of liability coverage before you can legally drive a car . You do not have to have insurance coverage that will pay to repair or replace your own car but you do have to protect other people 's property that you might damage with your car . "}
{"input": "What Is My Medicare Part B Premium? ", "output": "For most people , your Medicare Part B premium is $ 105 per month and is normally deducted from your Social Security benefit payment . If you are considered a `` high income '' individual your Medicare Part B premium will be higher . The same is true for your Medicare Part D premium . If you are not receiving SS benefits Medicare will bill you on a quarterly basis . "}
{"input": "Does Geico Provide Life Insurance? ", "output": "Yes , Geico provides life insurance to its customers by referring such customers to my firm , LifeQuotes.com . At WEBSITELINK you can instantly comparerate quotesof 35 leading life companies ranging from $ 5,000 to $ 25 million . Our rating engine handles 30 common illnesses and customers are free to buy from any company shown . "}
{"input": "Does Geico Provide Life Insurance? ", "output": "GEICO or Government Employees Insurance Companyper se does not underwrite a life insurance , it is primarily a property and casualty company focused on auto , boats , motorcycles , RVs , etc. . You may find that agents that sell GEICO products offer life insurance but through other life insurance companies or will refer the life insurance business out to other carriers . "}
{"input": "Does Geico Provide Life Insurance? ", "output": "Geico themselves does not offer life insurance policies - the coverage programs secured through the Geico agency are written through non-affiliated insurance companies -LRB- e.g. Genworth , Aviva , Transamerica , MetLife , etc. -RRB- . If you try to run a quote on Geico 's website , you are re-directed to another quoting site that Geico does not own . There 's numerous insurance companies out there . I would recommend working with an independent agent so you can see a wider range of options that are available to you . If you have any other questions or would like assistance with your life insurance needs , send me a message by clicking on the `` contact me '' button . "}
{"input": "Can I Borrow Money From My Whole Life Insurance Policy? ", "output": "Assuming you have accumulated cash values , the answer is yes . But there are strategies to access cash values . Dividends , which are classified as a return of unused premium , can be taken out free up to basis . Policy loans of gain is the another cash value option to consider . Most participating whole life insurance companies charge some form of interest spread on their policy loans . A few use the more expensive direct recognition policy loans . Before accessing your cash values , order an in force ledger to determine the status of your policy and an illustrated in force ledger displaying your dividend withdrawal or policy loan . "}
{"input": "Can A Learner Driver Get Car Insurance? ", "output": "That is a great question ! In most cases , the learner is added to someone else 's policy as a driver until such time as they can get their own policy . Parents add their child as a driver on the vehicle , as it is generally cheaper than the policy for a teenager would be . Thanks for asking ! "}
{"input": "Can Car Insurance Cover Repairs? ", "output": "Car insurance will only cover repairs due to an accident or vandalism . If you want to get coverage for major car insurance repairs , that would be covered by a car warranty . These can be purchased at the time of purchase or at a later time through certain carriers . If you do look into this option , be sure to check the company reviews online and through the Better Business Bureau as there is a great deal of customer dissatisfaction with many of these companies . This would be a warranty and not insurance . "}
{"input": "Can Car Insurance Cover Repairs? ", "output": "Routine maintenance would not be covered under a standard car insurance policy if that is what you are asking . If you have Comprehensive and Collision coverage on our car policy , then if your car is damaged due to a covered peril , then your policy will provide coverage for the necessary repairs . "}
{"input": "How Is Car Insurance Calculated? ", "output": "There are many factors in determining rates for auto insurance . Age and experience of driver . Driving record . In some states your credit . Type of vehicle , Annual mileage , Coverage 's requested . Marital status . Location or garaging address . Occupation . These are just some of the many factors without getting into discounts that are taken into consideration for auto insurance rates . "}
{"input": "What Is The Most Affordable Health Insurance In Indiana? ", "output": "There are many affordable health insurance plans in Indiana , thanks to the Affordable Care Act , also known as Obamacare . What reduces rates -LRB- often dramatically -RRB- , is the federal subsidy that is based on your household income . Often , this can generate financial help of $ 5,000 - $ 10,000 per year . And this money is automatically deducted from the premium . Anthem typically offers the the lowest rates , although Humana is competitive in many areas . Both individual and family plans are available along with coverage for small businesses . If household income is too high to qualify for a subsidy , off-Exchange plans can be purchased from the participating major carriers . Where do you get the best rates ? Typically , an experienced broker website will offer the lowest prices along with expert advice . There are never fees or charges for utilizing this type of assistance . I should know since I 'm an Indiana health insurance broker and have been in the business for 33 years . But it does n't seem that long ! "}
{"input": "Can You Park A Car On The Road Without Insurance? ", "output": "You could , whether or not you will receive a citation for not having insurance on the vehicle is another question . You would have to find out what your community 's ordinances are pertaining to auto insurance and your states regulations for auto insurance . You are more likely to receive a citation for not have insurance when you are driving the vehicle . "}
{"input": "What Does Medicare Cover For Vision? ", "output": "Medicare Part B can provide coverage for some preventive and diagnostic eye exams for people at high-risk of certain conditions -LRB- e.g. diagnosing retinopathy in diabetics or mascular degeneration for age-related conditions -RRB- . However , Medicare does not cover routine eye exams for glasses or contacts . You can check out the medicare.gov website for more specific information regarding condition/risk requirements for Medicare to pay benefits . You will need to secure coverage under a separate vision insurance plan to receive benefits for glasses , contacts , and other routine services . "}
{"input": "Can A Roth IRA Go Into A Trust? ", "output": "The short answer is `` it depends on the type of Trust '' . If you are inquiring about a Revocable Living Trust the answer is `` yes '' . Spend the money and consult with a tax advisor who understands trusts and a financial advisor who understands trusts to get the most accurate answer . Best to you , Mark "}
{"input": "Is Health Insurance Before Taxes? ", "output": "If you purchase your coverage through an employer , you may have the option to utilize a 125 plan to have pre-tax dollars withheld from your pay check to pay your premiums . However , for the vast majority of individuals purchasing their own coverage , insurance premiums are paid for with taxable dollars . One exception to this rule is anyone that is self employed , who is allowed to write off the cost of their health insurance on their tax return . However , even in such a case , the self employed individual must still FICA/self-employment taxes on these funds . "}
{"input": "Can I Get Life Insurance If I Am Obese? ", "output": "Yes , most people can get life insurance if they are obese . There are some policies that have no weight limit , although those policies are restricted by age , face amount , and the type of policy . Policies with no weight limits are especially good for those who are what is medically called , `` morbidly obese '' . There are other policies that have high weight limits , and those policies are well adapted to persons who are medically classified as `` obese '' . "}
{"input": "How To Get Health Insurance When Pregnant? ", "output": "You may be able to get coverage through Medicaid . There are no open enrollment period restrictions for this program . However there are needs based criteria which are often extended for pregnant women . Each state has very different rules for who qualifies . Contact the Medicaid office in your county to see if you qualify . "}
{"input": "How To Get Health Insurance When Pregnant? ", "output": "Under the new Affordable Care Act , you can not be declined for health insurance for any medical-related conditions . Each policy is required to cover 10 essential health benefits - one of these essential benefits is maternity care . You can apply for a health insurance plan during the annual enrollment period - you can only secure coverage outside of this window if you qualify for a special enrollment period . Giving birth to a baby would be a qualifying event . I always recommend consulting with an experienced broker to help you determine which carrier and which health plan will best serve your needs and your budget . Please let me know if I can be of further assistance . Thanks very much . "}
{"input": "What Is Reduced Paid Up Whole Life Insurance? ", "output": "Reduced paid up whole life insurance is a policy for which the policy owner no longer wanted to pay premiums , but did not want to lose the death benefit . Rather than surrender the policy , or take the cash value , the policy owner decided to turn the policy into a reduced paid up whole life insurance policy . It has a lower death benefit than the original face amount of the policy , but requires no more premium payments and will pay out the stated , reduced benefit when death occurs . "}
{"input": "How Long Does An Auto Insurance Claim Stay On Record? ", "output": "Great Question . Usally a car claim stays on your insurance record for 5 years . Most insurance companies do not charge you for that accident if it is past 3 years . Some companies do not charge you for an accident if it is less than $ 1000 payout so check with your particular insurance company . "}
{"input": "Can I Get Disability Insurance If Already Pregnant? ", "output": "Can you get disability insurance if you are already pregnant ? Yes , but not for the pregnancy . It is possible to get disability insurance while pregnant , but disability insurance plans use a pre-existing condition clause in the policy to prevent a person from going on immediate claim when they purchase the policy . "}
{"input": "Is A Psychologist Covered By Health Insurance? ", "output": "The short answer to this question is `` some times . '' Psychology is usually is covered by most health insurance plans , but not always . It is also important to note that most insurance policies will have a limit on the number of visits that are covered each year , and that not all psychologists accept all health insurance policies . Before seeking care from a psychologist , you should make sure they accept your personal health insurance policy , and also contact your insurance provider or consult your policy to find out if there are any limits on the number of visits covered each calendar year . Some companies may also require you to see your primary care doctor in order to receive a referral to see a psychologist . If you do not yet have health coverage , I would encourage you to consult an independent licensed , certified health insurance agent that can review your situation and make a recommendation on which policy would be best for you based on your personal needs . "}
{"input": "How Much Is Health Insurance In The USA? ", "output": "Expensive . You can choose different plans with varying coverages , deductibles and benefits but the bottom line is that Health Insurance is very expensive . Insurance companies are constantly trying to create products that will not only fit the public 's need but are affordable . In the end health insurance is more expensive when you need it and do n't have it as medical care is enough to wreck your financial life . Be creative in your quotes and try to find an affordable solution , even if you ca n't have all the coverages available . "}
{"input": "How Good Is Genworth Long Term Care Insurance? ", "output": "There are not many long term care insurance companies -LRB- LTCi -RRB- left in the extended care market place . Perhaps there are a half a dozen worth your consideration . Genworth is one of the top LTCi companies in the U.S. . They generally rank well in annual premium cost against the competitors and offer excellent policy language in their contractual definitions . "}
{"input": "Is Medical Insurance Mandatory? ", "output": "Starting in 2014 the Patient Protection and Affordable Care Act or Obamacare requires every American to have health care . You may not have to pay for health care in you economically demonstrate you can not pay by means testing . If you elect not to pay for health care , and by means testing can pay , youll be assessed a penalty at the time of filing your taxes . "}
{"input": "What Life Insurance Is Best Term Or Whole? ", "output": "That is a matter of personal opinion . I would recommend whole life insurance first . Whole life insurance has a lot more going for it in the long run . It typically builds cash value , is set to active until age 125 -LRB- as of now -RRB- , and it also has other benefits depending on the carrier . Whole life insurance is typically the more costly option of the two types . Term life insurance will typically allow someone to secure higher dollar amounts in coverage but at a lessor cost than whole life insurance , but it remains active for a set period of time . Typically 10,20 , or 30 years . Most people opt for a combination of whole and term life insurance to meet their needs . Contact a local agent to discuss yours and your family 's coverage needs . "}
{"input": "Can I Get Insurance On A Car That I Don't Own? ", "output": "As long as you are an authorized driver of that vehicle and the vehicle 's owner has coverage on the vehicle and you reside at the same premise as the vehicle owner you should be able to secure liability coverage for yourself on that vehicle . Contact a local agent to find out more about coverage availability and pricing in your area . "}
{"input": "Does Auto Insurance Cover Road Hazards? ", "output": "That depends how you are defining road hazards . If you are referring to objects in the road , you are covered if you run over them or if they kick up from the road and hit your vehicle . Collision claims typically have a higher deductible than a comprehensive claim . Glass breakage is often covered with no out of pocket cost . "}
{"input": "Does Auto Insurance Cover Road Hazards? ", "output": "Typically your auto insurance would not cover common road hazards , such as a nail in your tire without having an endorsement on your policy for mechanical breakdown or similar coverage . If you have full coverage on your vehicle then other than collision -LRB- comprehensive -RRB- coverage may provide some coverage less the policy deductible in the event of a rock hitting your windshield or such . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Does Auto Insurance Have To Be In Your Name? ", "output": "In Illinois , the vehicle one is driving must be insured or a fine may be imposed . So in that regard , no , the policy does not need to be in your name . However if you own the vehicle you are likely going to be legally responsible for any incident involving its use , so you would certainly want to be named on the insurance contract . "}
{"input": "How Much Renters Insurance Should You Buy? ", "output": "There are two major divisions of coverage . The attention is normally focused on the personal property coverage , however the liability protection may be much more important . Select a policy that provides $ 300-500 ,000 in liablity coverage . This is where you could experience a major loss . The property portion should reflect the cost of actually replacing the contents of your rented home or apartment , should they be lost through a covered peril . "}
{"input": "What Is Accident And Critical Illness Insurance? ", "output": "In the United States , Accident and Critical Illness Insurance generally refers to two different types of policies . The first , Accidental Death Insurance , pays a lump sum benefit to the beneficiaries of those who suffer accidental death . Critical Illness Insurance pays a lump sum benefit to the insured person who is diagnosed with a serious health condition . "}
{"input": "What Is Accident And Critical Illness Insurance? ", "output": "Accident and Critical illness insurance are similar in structure , but cover different things . Both policies will typically pay out a lump sum or up the benefit amount directly to the insured or a provider of their choice . The difference however is that accident plans only cover medical expenses associated with an accident where as critical illness insurance pays lump sum upon diagnosis of a major critical illness . Make sure to read the list of covered critical illness ' in the policy before purchasing . "}
{"input": "Does Life Insurance Count Net Worth? ", "output": "If your question is about applying for life insurance , the answer is yes . An underwriter will want to know your net worth along with your annual income and time in your current occupation . This information is needed in addition to height , weight , age , place of residence , health , medical history and lifestyle . All of these factors are used to calculate your mortality . If your question is about counting life insurance as an asset in your net worth , the answer is maybe . If you have term life insurance , then no , the face amount is not counted as an asset . However if you have a cash value plan , yes the current cash value of your whole life or universal life insurance is part of a person 's net worth . . "}
{"input": "Does Life Insurance Count Net Worth? ", "output": "I 'm not sure that the asker wa n't asking if life insurance counts toward your personal net worth . If that is the question , the death benefit does not count because it has no value unless you are dead . So while you are living it adds zero to your net worth . However the cash value built up in a whole-life policy definitely adds to your net worth . That is your money just the same as money in a bank account . "}
{"input": "Does Life Insurance Count Net Worth? ", "output": "As mentioned previously , while net worth is a factor , income is the primary determinant for underwriting the amount of life insurance coverage allowed -LRB- applied for plus inforce amounts -RRB- . Above age 70 , net worth is very important in determining maximum coverage allowed . Net worth , income and the premium for the requested coverage are considered together using different formulas . Generally , the maximum total coverage allowed will be 50 % of net worth . "}
{"input": "Does Life Insurance Count Net Worth? ", "output": "Life Insurance Applications often ask about Net Worth . They do so because they want to ensure that a person is over insuring themselves needlessly -LRB- or maliciously -RRB- . But for most people on most policies Net Worth does n't matter too much . Most of the time people have enough Income to justify the amount of Life Insurance they ask for . "}
{"input": "Does my sister get the insurance policy that I carry on my mom when she passes? ", "output": "If you are talking about a life insurance policy that you are carrying on your mother ; the policy would typically pay the named beneficiary on the policy and the policy would no longer be active . To have your question answered more fully either contact the carrier of the policy in question or your local agent . "}
{"input": "Does my sister get the insurance policy that I carry on my mom when she passes? ", "output": "Yes , since your sister is the beneficiary of the policy , she will get the proceeds from your mother 's life insurance policy , even though you pay the premium . You may be the owner of the policy without knowing it ; if so , you can change the beneficiary to yourself . If you mother owns the policy , you could talk to her about changing the beneficiary to you . Whoever owns the policy is the one who can make that change . "}
{"input": "Who Is Universal Life Insurance For? ", "output": "Universal Life insurance works well for people who want lifelong coverage at the lowest possible price . GUL -LRB- Guaranteed Universal Life -RRB- can be guaranteed not to lapse to age 120 + at a level premium . Because GUL has very low cash value , the premium can be kept relatively low for permanent coverage . Indexed Universal Life is a good product for those who want a safe way to save up money for retirement income . Unlike GUL , IUL is used to create large amounts of cash value that can be borrowed tax deferred during retirement . So Universal Life really can work for almost anyone . It is flexible and can be adapted for a lifetime . "}
{"input": "What Is Medigap Select? ", "output": "Each Medigap plan can be offered as a `` select '' plan . The premiums for these plans are generally less than those of the traditional Medigap plans , however , they require you use in-network doctors and hospitals -LRB- much like how an HMO works -RRB- to receive full benefits -LRB- except in the case of an emergency -RRB- . If you use a provider outside of the network , you may be responsible for the co-insurance that is not covered under Original Medicare as long as you use a doctor/hospital that accepts Medicare , If you buy a select Medigap plan and decide you would rather have a standard Medigap plan , you can change it to the standard plan within 12 months of when you started the coverage . A common question with select plans is `` if I move , can I take my coverage with me ? . Under select Medigap plans , you would have a guaranteed-issue right to purchase a new Medigap plan which plans are available depends on your zip code as not every plan is available in a given location . If applying for a new Medigap plan via a guaranteed-issue right , you can apply as early as 60 calendar days and up to 63 days after your coverage ended to buy a plan . Under a standard plan , you can take the plan with you as they are guaranteed renewable and have no networks . I hope the information is helpful - please feel free to contact me for help , including quotes and plan comparisons , and if you have any other questions . Thanks very much . "}
{"input": "What Is Medigap Select? ", "output": "In addition to what Jason stated , I 'd also like to point out that not all insurance companies offer Medigap Select plans . In fact , the insurance companies that offer Medigap Select Plans often are the major companies advertising online . Their premiums are usually high and to make the Medigap Plan more ` affordable ' , they offer the Medigap Select . One of the great benefits of having a Medigap Plan is your freedom to choose any Medicare provider without the boundaries of a network . Getting a Medigap Select Plan will limit your freedom . While you may be happy with your local in-network hospital , if you want to see a cardiologist in a neighboring state , you 'll be out of luck on a Select Plan . There are dozens of insurance companies that offer Medigap Plans at affordable prices . I 've never had to offer my clients a Medigap Select Plan F , G or N because I 've always found them an affordable Medigap Policy by taking the time to shop the Medicare Supplement market . "}
{"input": "What Happens When You Cancel A Life Insurance Policy? ", "output": "When you cancel a life insurance policy , you no longer have life insurance . If you have a permanent policy and cancel the policy during the first years of the policy , a surrender charge will be deducted from the cash value you receive , and you most likely will not receive any cash value at all . However , you will not owe money to pay the surrender charge . Term life insurance does not have any surrender charges because there is no cash value . "}
{"input": "Does Weight Affect Health Insurance Premiums? ", "output": "Health insurance companies currently evaluate your height and weight and calculate your BMI -LRB- body metric index -RRB- to get an idea of your overall health . I have had clients that have had to pay a surcharge -LRB- additional premium -RRB- due to being overweight and several declined due to morbid obesity . I even had a client declined for being underweight . Excessive weight can lead to numerous physical and medical conditions . Some chronic , some life threatening . There is no such thing as a healthy fat person . "}
{"input": "What Is The Oldest Life Insurance Company? ", "output": "The oldest insurance company in the world isprobably Lloyd 's of London . In the US , the first life insurance company was First Presbyterian , a stock company . The firstmutuallife insurance company was the New England , now owned by MetLife . "}
{"input": "Is Renters Insurance Really Necessary? ", "output": "If you can afford a financial loss of your personal items and can easily repurchase what may have been lost due to a potential event such as fire , water , wind , theft and so on as there are many perils that are covered then renters insurance is not necessary . If you can absorb the costs of a potential law suit for bodily injury and/or property damage that can run well into the thousands or hundreds of thousands even if the suit is only alleged then renters insurance is not necessary . If you can pay your loss of use -LRB- substitute housing -RRB- if you are potentially displaced from your home for a loss as mentioned above then renters insurance is not necessary . If you said no to any of these you may wish to consider renters insurance . Renters insurance has to be the most affordable insurance on the market that covers so much for so little . "}
{"input": "Does A Health Insurance Blood Test Check For Smoking? ", "output": "I 'm not aware of any health insurance plans that require blood and/or urine tests to qualify for . That said , the information is usually available through past medical history and may be found in the MIB -LRB- Medical Information Bureau -RRB- or your current doctor 's chart notes . The risk for someone who is a smoker and omits that information , is a cancelled policy . Usually this would occur at the worst possible time , during the filing of a large claim . With smoking , some states do not apply the 2 year contestibility clause and consider a contract between the insurer and insured to never have existed , so premiums are refunded . While with health insurance you may not be tested for smoking , they reserve and you consent to the right for them to check your health history , so any doctor you 've told or any treatment you 've had the possibility would exist that there is a record of it . "}
{"input": "Does A Health Insurance Blood Test Check For Smoking? ", "output": "With the passage of the Affordable Health Care Act insurance companies do little if any underwriting of health insurance policies . That being said , failure to answer a question honestly is always grounds for denial of a claim so honest is the best policy . Health insurance carriers rarely ask for medical tests as a part of any underwriting procedure . "}
{"input": "Is There An Affordable Life Insurance Policy For My 93 Year Old Dad? ", "output": "I regret to say that I personally do not know of any life insurance companies that will issue a new policy to someone past age 90 . Most affordable final expense policies have an age limit of age 80 or 85 . Now is a good time to purchase a final expense policy for yourself , if you do n't have one yet . "}
{"input": "Which Retirement Plan Is Best For Small Business? ", "output": "The best retirement plan for a small business depends on many factors , including the profitability of the company , its future outlook , the liquidity of its assets , and the amount of funds available to be invested for future use . An experienced financial planner will be the ideal person to discuss and review your options , and make a recommendation that will provide future retirement income . "}
{"input": "Which Retirement Plan Is Best For Small Business? ", "output": "Which retirement plan is best for small business ? Personally , I like the SIMPLE retirement plan for use with small business . Why ? because it 's SIMPLE ! This IRS created plan is one of the most inexpensive plans out there for a small business . For the business owner the rules are simple and clear . NO testing , no ERISA planmath nonsense , no per head fees for all employees -LRB- including those that do n't participate -RRB- , in other words if you follow the IRS guidelines you save about $ 3k to $ 5k a year in administration fees . A simple involves matching -LRB- 3 % a minimum of 3 out of every 5 years or 1 % for those two years -RRB- employees who participate in the plan . While this may seem like a lot of moneyfor amatch . Think of it this way . You are rewarding your employees who stay with you , rather than a bunch of guys downtown who administer plans . Look closer into these retirement plans . They are easy to establish , easy to administer and extremely inexpensive to run . "}
{"input": "What Job Is Cheapest For Car Insurance? ", "output": "Great question ! Unless you are using the car for a business purpose , there usually is n't a reason for the rate to be different one way or the other . If you are using the car for business , then you really want to have it insured as a business vehicle , because if you are involved in an accident and the adjuster finds that you had been using it in a company capacity , your family coverage may not be accepted . I know of several cases where the magnetic advertisement on the car caused the claim to be denied . Thanks for asking ! "}
{"input": "What Job Is Cheapest For Car Insurance? ", "output": "In California occupation is not a rating criterion . The cheapest Auto policy is one that a company issues for you on your car . This is particularly true if the policy is in force on the day you have an accident . This is even truer if the limits of the policy are adequate to take care of every aspect of the claim . Anything else is too expensive ; you can buy low limits , save a small amount and be a huge looser when you have an accident . "}
{"input": "What Does A Retirement Plan Administrator Do? ", "output": "The Retirement Plan Administrator typically is responsible for administering all aspects of the plan for the plan sponsor -LRB- normally a company sponsoring the plan -RRB- . Some of the duties include providing summary of the plan to participants , selecting investments for the plan , enrolling plan entrants in a timely manner . Most plan administrators will contract with a third party to help with all the responsibilities , including filing Form 5500 -LRB- like a tax return for retirement plans -RRB- and often the testing required by the government to make sure the plan is not discriminating higher income employees over the lower income employees . "}
{"input": "Does Metlife Offer Annuities? ", "output": "MetLife does offer fixed and variable annuities . Annuities are offered by hundreds of insurance companies and come in many types , offering different benefits to suit a wide variety of situations . It is always a good idea to work with a knowledgeable , independent insurance professional to see which annuity will best fit your individual needs . "}
{"input": "How Can I Get Auto Insurance With A Suspended License? ", "output": "Your license is suspended and you need to get auto insurance . The vast majority of car insurance companies do not offer coverage if you do not have a valid license . Working with an experienced broker -LRB- and our top-ranked websites -RRB- will help you find the most affordable options . Also , requesting a hardship exception from your state may allow you to drive in specific situations -LRB- with coverage of course ! -RRB- . "}
{"input": "How Can I Get Auto Insurance With A Suspended License? ", "output": "Great question ! There is some legwork you will have to do , but if you are willing to do it , you 'll have insurance . Find an independent agent -LRB- one not tied to a specific brand name -RRB- who can search for you . There are companies that will write you provisional policies , if you can complete whatever requirements need to be done to reinstate your license within a specified period , usually 30-45 days . Since your license has been suspended , expect that it will be more expensive for you , or very difficult to even get , a policy , especially onethat covers more than just liability . Good luck ! Thanks for asking ! "}
{"input": "How Can I Get Auto Insurance With A Suspended License? ", "output": "You ca n't with any company that I know of , policy has to be issued to a licensed driver . With a suspended license , you are not licensed to drive . Sorry . Try to get your legal issue resolved and then look for an agent/broker that can get you a policy . Good luck . "}
{"input": "How Can I Get Auto Insurance With A Suspended License? ", "output": "In California drivers with suspended a suspended license often get a non-owner policy that is not attached to any vehicle in order to have their license issued . This covers only liability . There are many companies that will write this type of coverage . "}
{"input": "How Can I Get Auto Insurance With A Suspended License? ", "output": "If the license is suspended and a condition of regaining your licenses is to obtain insurance then several carriers will issue a SR-22 form and you can get the insurance . However if you just want insurance with no option of regaining your driving privileges then you can not purchase insurance coverage . "}
{"input": "What Are Life Insurance Dividend Options? ", "output": "Life insurance dividend options tell the insurance company what you want to do with the dividend that is paid on a participating policy . Options depend on the company , but the most common options are : - Paid-up additions - where divididends are used to purchase paid up additions - Accumulate at interest - dividends are placed into an account at the insurance company and they earn a specificed interest rate set by the company - Reduce premium - dividends are used to pay down the premium or cover the entire premium due if the dividend is large enough to cover the premium - Purchase one year term insurance - the dividend purchases term insurance to increase total death benefit - Cash - the policy holder is simply paid the dividend as a check "}
{"input": "How Do You Buy Car Insurance In Ohio? ", "output": "While you can purchase auto insurance through the mail or online , it is always best in my opinion , to purchase auto insurance through a local independent agent . An independent agent can help you shop several companies , find you not only the best rate , but can also provide sound advice based on your individual circumstances . A good agent can provide service ad help advocate any issues with the company . Contrary to what some would like you to believe , you do not save money on agent commissions by shopping online . A good agent can help you find the right coverage at the right price and provide the service you need . "}
{"input": "When Do You Pay Taxes On Annuities? ", "output": "It depends what type of Annuity it is and if the Annuity is in a Qualified Retirement Account or not . If it is in a Qualified account , like an IRA/401k/SEP , then any distribution is 100 % taxable . If it is a non-qualified account , then only withdrawals of the gain are taxed -LRB- as income -RRB- . But since Annuities use LIFO , the gain will be the first part of the Annuity that is distributed . The growth of a non-qualified Fixed Annuity is tax deferred . If it is an Immediate Annuity/Lifetime Annuity , then again it depends on the tax status . For a Qualified account 100 % of the distributions/income will be taxable . For non-qualified , a portion of the payments will be tax-free and considered a `` return of basis/premium '' . "}
{"input": "When Do You Pay Taxes On Annuities? ", "output": "A non-qualified annuity defers taxation until money is withdrawn . When money is withdrawn the gain on the policy is treated as ordinary income , while the money invested is merely a return and therefore not taxed . If the annuity is in an IRA it is fully taxed as ordinary income when it is withdrawn and may be subject to mandatory distributions and even tax penalties . If the annuity is in a Roth IRA and meets all the requirements it can be withdrawn free of any income tax . "}
{"input": "When Do You Pay Taxes On Annuities? ", "output": "You pay taxes , ordinary income taxes when you take distributions of gain in the policy . Tax deferral can be a powerful feature of an annuity over time . Paying taxes only when you use the gain in the contract can provide an advantage over traditional CDs which tax the CD owner regardless of whether they use the money or not . "}
{"input": "Can You Take Life Insurance Out On Anyone? ", "output": "No , you ca n't insurance out on anyone . There has to be an insurable interest and the insured -LRB- person being insured -RRB- must consent , sign the application , and go through the underwriting process . Insurance is often taken out on spouses , parents or business partners as a financial hardship may occur if one of these people passes unexpectedly . "}
{"input": "Can You Take Life Insurance Out On Anyone? ", "output": "Traditionally , Mr. Abrams answer is correct . Traditional Life Insurance carriers will only issue coverage based on insurable interest guidelines -LRB- these guidelines tend to be a little different based oneach individualcarrier but not dramatically different -RRB- . However , there is at least one specialty carrier who can issue a `` Stranger Owned '' Life Insurance policy -LRB- STOLI -RRB- . Lloyds of London is the carrier that we represent when it comes to this type of need . Please keep in mind that products are State specific and not all products are available in all States . It is also important to note that every situation is different and as such , coverage is considered on an individual basis . I hope this answer helped . Thank you , Don Hansen "}
{"input": "Who Regulates Auto Insurance In Michigan? ", "output": "In Michigan , Auto Insurance is regulated by the Department of Insurance and Financial Services , affectionately known as DFIS . They are responsible for directing and regulating the insurance companies , brokers , and agents in Michigan . You can access their portal on the michigan.gov website . Here you can find information on any company or agent in Michigan . They are not only in charge of auto insurance , but most other types of insurance , too . So , if you have a few years to spend , have a look around the site . There 's more information than you could imagine . "}
{"input": "What Do I Need To Know When Buying Life Insurance? ", "output": "This is a good question . It 's not really a matter of what you need to know but rather what you want in a plan . What are you looking to accomplish ? Do you want to just cover final expenses or do you want to make sure the house and cars are paid off if you expire . You are welcome to contact us if you live in a state that we are licensed in and we can help you decide and enroll in a plan . "}
{"input": "What Do I Need To Know When Buying Life Insurance? ", "output": "Here are three things you need to know when buying life insurance . 1 -RRB- You should know that -LRB- unless you are buying a simplified issue plan for which you are either approved or declined -RRB- , your premium may not be exactly as your agent quoted . 2 -RRB- You should know what guarantees your policy has . Is the premium locked in for x number of years ? Will the death benefit pay out at death at any age ? Etc. 3 -RRB- You should know that you have a month free look period to decide if you want to keep your policy , after it is issued . And if you pay anything before that , it can be refunded . "}
{"input": "What Do I Need To Know When Buying Life Insurance? ", "output": "When purchasing life insurance it is always best , in my opinion , to sit down with a good experienced reputable agent and discuss your needs . There are a variety of products . While price is a consideration it should never be the deciding factor . If a product seems a lot cheaper than other like products there is a reason that you probably will not know about until it is too late . Consider these factors : What is the purpose of the insurance ? Is it to cover a long term need such as final expenses , or a short term need such as a mortgage ? You should use permanent insurance such as whole life to cover a long term need . Term insurance comes in all kinds of packages . One year term , 5 , 10 , 20 , and 30 are the most common . There is level term and decreasing term . Level term the death benefit stays level , decreasing term the death benefit decreases . Term insurance can be renewable or non renewable . It can be convertible to whole life or non convertible . In some term policies the rate can be adjusted according to the companies mortality history , thus it allows for premium increase . Term insurance premiums go up at each renewal . As you can see there are a variety of factors involved when buying life insurance . Unless you know and really do a lot of research on the different policies you may not purchase the best product that will meet your goals . A good independent insurance agent who specializes in life insurance and represents multiple companies can help you find the right product for your individual situation . "}
{"input": "What Do I Need To Know When Buying Life Insurance? ", "output": "When purchasing life insurance , you need to know : 1 -RRB- That you are getting your policy with a secure company and reputable agent . 2 -RRB- The features of your policy and what they mean . 3 -RRB- What guarantees are included in your premium , return and coverage . 4 -RRB- Whether you qualify for that policy based on a thorough review of your health and other details . 5 -RRB- What type of policy best suits your financial needs . "}
{"input": "What Do I Need To Know When Buying Life Insurance? ", "output": "The most important thing to know when buying life insurance is the agent with whom you are dealing . A great agent will listen carefully to you , will provide you with solid financial information and will communicate clearly with you and the insurance company . His job is to help you determine the level of coverage that you need and then arrange policies that will take care of that need and still stay within your budget . "}
{"input": "Does Home Insurance Cover Arson? ", "output": "Fire is a covered peril in every homeowners policy . This is the most basic coverage available . If the fire is accidentally caused by the tenant it is covered . If the owner purposely burns down their insured property they are committing a crime . Even under those circumstances coverage might be extended to another insured . "}
{"input": "Does Home Insurance Cover Arson? ", "output": "Arson is a covered claim to a homeowner 's insurance policy . Your coverage will include damage to the home , other structures , the personal property -LRB- usually at replacement cost -RRB- , additional living expenses and other specific benefits along with scheduled property . I am assuming , of course , that the the policyholder was not involved in the act of arson . "}
{"input": "How Does Life Insurance Cash Value Work? ", "output": "Some life insurance policies have a value that can be taken if the policy is surrendered or that can be taken as a loan . The cash value of the policy typicaly accumulates over the lifetime of the policy . If money is taken out of the policy as a loan it typically will lessen the death benefit of the policy and normally requires you to repay the loan within a set period of time or other consequenses can arise by not repaying the loan . There can be fees involved in this process . Be aware there are many different policies out there . To find out more about the cash value availablity within your policy , read your policy completely or contact your local agent to have them explain the details of your policy . "}
{"input": "Can A 70 Year Old Get Term Life Insurance? ", "output": "Yes , you can purchase term life insurance if you have good health . There are a few carriers that offer term life at fairly reasonable prices . I personally just delivered a term life insurance policy on a healthy 74 year old that needed better rates than a whole life policy would have cost . "}
{"input": "Can A 70 Year Old Get Term Life Insurance? ", "output": "That is a great question ! I 'm a little puzzled as to why you would want one though , unless it 's because you 've looked into a whole life policy , and found them to be too expensive . There are a couple of companies that advertise a lot on tv that will issue you a policy , but it also will be very expensive , and will end when you turn 80 . If you live to be 80 and a day , you 've thrown away 10 years worth of money . It is really impossible to give you good guidance without knowing more about your situation . If you 'd like some help , please drop me a line , and I 'll see what we can do . Thanks for helping ! "}
{"input": "Can A 70 Year Old Get Term Life Insurance? ", "output": "Yes you can but it will be expensive , even if you are in perfect health , you looking at 100 plumes a month and there might be restrictions . You can also get a final expense policy witch will cover all of your funeral needs and not leave that expense to your family . "}
{"input": "Can A 70 Year Old Get Term Life Insurance? ", "output": "A quick look in my manual shows that about the only new contract available to a person over 70 years old with my company is a single premium whole life . Term insurance is not issued after age 70 . The single premium whole life might be an interesting concept to consider as it allows you to make a single deposit now and take care of bequests or debts or final expenses when you pass . "}
{"input": "Can A 70 Year Old Get Term Life Insurance? ", "output": "There are far fewer companies that will offer term life insurance to a 70 year old person than to a 40 year old , but they do exist . Most often , at that age the policy is a universal life policy that is guaranteed not to lapse for x number of years at a guaranteed level premium . The rates are as low as term rates , and you have the option of dumping in more money to keep the policy in effect longer , which is an option you do not get with term insurance . "}
{"input": "Can A 70 Year Old Get Term Life Insurance? ", "output": "The short answer is `` yes '' , however at this age you may find it a much better alternative to purchase a permanent policy . First , someone 70 will generally have an objective of having coverage last for a lifetime instead of a period of time . Unless the 70 year old has borrowed money or some other situation that requires term , its probably a bad idea . "}
{"input": "Will Medicare Still Accept Paper Claims? ", "output": "As far as I know , Medicare does not accept paper claim forms . At least one source indicates there may be exceptions to the electronic claim rules . `` Small '' providers may be exempt from submitting electronic claims as may providers that have fewer than 10 Medicare claims per month . Check with your Medicare claims administrator for determination . "}
{"input": "How Much Is Car Insurance For A Volvo? ", "output": "Great Question a very nice car a Volvo . The cost to insure a Volvo depends on many factors like your driving record , your insurance history , your age , your driving experiance and what part of the country you live in . You can contact your local independent agent to shop around for you . "}
{"input": "Does Home Owners Insurance Cover Pool Damage? ", "output": "More than likely not . It would depend on the policy language , the cause of the pool causing the damage and the type of damage caused . This question would be best discussed with one of the claims adjusters of the company that you have the policy thru . As alway read your policy completely to know what is covered or what is excluded or call your local agent and have them explain the coverage and exclusions of the policy . "}
{"input": "Is Life Insurance Taxed In Indiana? ", "output": "Life insurance is not charged income tax in Indiana or any other state , as long as the beneficiary is a person . If the beneficiary is the estate , the proceeds will be subject to income tax . Also , interest paid on the face amount for cash value policies can be taxed . Federal and state estate taxes also are charged on the excess over the exempt amount . "}
{"input": "Is Life Insurance Taxed In Indiana? ", "output": "Yes possibly . Indiana has an inheritance tax that life insurance can be included in . Spouses are exempt , but most other kin and non-related persons to the insured could incur the inheritance tax . In Indiana the tax ranges from 1 to 20 % and is due 9 months after death . "}
{"input": "How Should A 30 Year Old Save For Retirement? ", "output": "Saving for retirement as a 30 year old you have an advantage over a 50 year old you have time . First thing to do is start saving regularly now . You should take advantage of tax deferral plans to get the full effect of compound growth . In Canada that mean Registered Retirement Savings Plans -LRB- RRSPs -RRB- and Tax-Free Saving Accounts -LRB- TFSAs -RRB- . If you have an employer that will contribute match your contributions take advantage - that is free money . Financial or retirement planner can help you determine what your specific portfolio should look like , depending on your risk tolerance and time horizon . Financial planning , Retirement planning and Estate planning are all integrated . What you do with one often affects the other . The first step in planning for a Good Retirement is to start saving regularly as early as you can . The challenge often is that retirement seems so far away that it is easy to put off . Now that you have started saving , what are you saving for ? Deciding what a successful retirement means to you can be quite challenging . What do you want to do for the rest of your life ? A lifestyle planner can help . There is some information on this topic under retirement on my website www.jpw.ca if you are interested . Now that you have a basic idea of what your successful retirement means , the numbers can be `` crunched '' . Your retirement or financial planner can fine tune your retirement planning to make what you want to happen , happen . What particular investment vehicles you should use , depends on your individual situation . Be sure to take advantage of retirement plans that are tax deferred -LRB- in Canada , RRSPs and TFSAs -RRB- . Tax deferral allows you to get the full effect of compound growth . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . "}
{"input": "Does Renters Insurance Cover Theft On Vacation? ", "output": "Most renters policies provide for a percentage of your personal property to be covered away from your residence . In most cases a limit of 10 % of the personal property limit applies . If you suffer a loss to your property while away from the residence that limit will apply and a claim will be adjusted subject to the deductible . The property that you left behind will be covered whether you are home or not . "}
{"input": "Does Renters Insurance Cover Theft On Vacation? ", "output": "It is always best to discuss the terms and conditions of your policy with your Insurance Professional , but you will find that your policy will more than likely include extended coverage for your personal belongings outside your home . The coverage may be limited in a couple of ways , namely by capping the total amount to 10 % of your stated personal property amount . So if you have $ 50,000 of stated personal property on your policy , your coverage would be limited to $ 5,000 . Further , some policies include specific amounts or `` inside limits '' for certain categories of property . Things like jewelry , fire arms , photographic equipment and the like may be limited to a maximum settlement amount . Remember too that any loss settlement is subject to your policy deductible . "}
{"input": "What Is The Purpose Of A Disclosure Statement In Life Insurance Policies? ", "output": "Assuming the question is referring to a product disclosure : Most states require a disclosure statement in a life insurance policy as a consumer protection for the insured and the policy owner . The disclosure statement general attempts to clarify the provisions of the policy or product to prevent misinterpretation of the policy . "}
{"input": "What Is The Purpose Of A Disclosure Statement In Life Insurance Policies? ", "output": "Ironically , the purpose of a disclosure statement in life insurance policies is , partly , to describe the purpose and importance of the disclosure . The disclosure statement will state what the policy is intended to do , and what the policyholder 's responsibilities are . It will outline the coverage , cost , personal information of the insured , source of the insurance , and certification and maintenance of the policy . "}
{"input": "What Is Humana Gold Medicare? ", "output": "This is a good question . Humana Gold is a Medicare advantage plan . If you have Medicare parts A and B , you may qualify to apply . It is a very popular plan . Medicare advantage -LRB- Medicare part C -RRB- plans typically will give you more benefits than having Medicare alone . "}
{"input": "What Does Renewable Life Insurance Mean? ", "output": "A renewable policy is generally renewable for a specified period of time . During that period the insured can continue coverage regardless of health by paying the renewal premium . Renewal premiums are generally a great deal higher than the initial premium but might be a bargain if the insureds health has deteriorated in the meantime . "}
{"input": "What Does Renewable Life Insurance Mean? ", "output": "Renewable Life Insurance is life insurance that can be renewed when the policy ends . When the policy is renewed , coverage is extended for another set period of time at a higher rates . When annually renewable , the policy will be extended for one year at that price , then can be renewed the following year at a higher price if you so choose . "}
{"input": "Is Genworth Long Term Care Insurance Good? ", "output": "There are less than a dozen good companies remaining in the long term care insurance market . And half of those are excellent long term care insurance companies . Genworth is among the best , especially with its latest policy rendition . And if it means anything , your humble responder -LRB- me -RRB- owes Genworth . "}
{"input": "How To Roll Over 401K To Roth IRA? ", "output": "A 401 -LRB- k -RRB- is funded with before tax contributions . Income tax has not been paid on either the amount contributed to the plan , the employers contribution if any , or the gain the plan has realized . That income tax would need to be paid if the 401 -LRB- k -RRB- were rolled into a Roth IRA . The preferred method for any roll-over is a direct , trustee to trustee exchange . If you accept your 401 -LRB- k -RRB- in cash you must roll-over the amount quickly and carefully . See a licensed insurance agent to accomplish this roll-over . "}
{"input": "How Do You Get Life Insurance? ", "output": "To get life insurance , you first must determine what type of policy you want , and how much coverage you need . Sometimes people come to us with this all figured out , then find out that they do not qualify for that type of policy , or can not afford the face amount they have chosen . Therefore , it can be helpful to bring your financial data to your agent and work that out together . Once you decide what type of policy you want to apply for , the next step depends on the product you chose . If you want to apply for No Exam policy , you may be able to fill out a digital application and have your policy in effect within a few days . If you apply for a medically underwritten policy , you will first complete a fairly lengthy application . Some people choose to do this on their own , some with their agent , or others do it via phone interview with the life insurance company . Medically underwritten policies require taking an exam in your home or other place of your choice . This is usually done by a local paramed company . The insurance company may also order medical records from your doctors . Once the underwriter has all the required medical information , he/she will approve your policy at the rate for which you qualify . You accept your policy by signing some delivery paperwork and paying the first premium . You have a free look period to decide if you want to keep it . Once it is in effect , no one can take your life insurance policy away from you , as long as you continue to pay premiums in a timely manner . "}
{"input": "How Do You Get Life Insurance? ", "output": "You should work with an independent life insurance agent/broker to help you secure a policy . There are many moving parts to life insurance and many companies to compare . We can work with you to determine how much coverage is suitable to your needs and how long you should have the premium guarantees for -LRB- e.g. term vs. permanent -RRB- . Identifying which carrier will work best for your program can be a difficult path to navigate . The risk class a carrier assigns to your program is one of the most critical parts of life insurance -LRB- the risk class determines the premiums - the better the risk class , the lower the premiums and vice versa -RRB- . The risk class is determined by your medical history -LRB- and an exam for most programs -RRB- . It 's important to remember that every carrier has their own underwriting guidelines . Therefore , company ABC may offer you preferred plus , while company XYZ may offer you preferred -LRB- requiring higher premiums -RRB- . "}
{"input": "How Do You Get Life Insurance? ", "output": "You should work with an independent life insurance agent/broker to help you secure a policy . There are many moving parts to life insurance and many companies to compare . We can work with you to determine how much coverage is suitable to your needs and how long you should have the premium guarantees for -LRB- e.g. term vs. permanent -RRB- . Identifying which carrier will work best for your program can be a difficult path to navigate . The risk class a carrier assigns to your program is one of the most critical parts of life insurance -LRB- the risk class determines the premiums - the better the risk class , the lower the premiums and vice versa -RRB- . The risk class is determined by your medical history -LRB- and an exam for most programs -RRB- . It 's important to remember that every carrier has their own underwriting guidelines . Therefore , company ABC may offer you preferred plus , while company XYZ may offer you preferred -LRB- requiring higher premiums -RRB- . If you would like assistance with your life insurance needs , send me a private message by clicking on the `` contact me '' button under my profile picture or visit my website , www.TermInsuranceBrokers.com , for information -LRB- you can run instant quotes as well - we 're licensed in many states across the country -RRB- . "}
{"input": "How Do You Get Life Insurance? ", "output": "You can obtain Life Insurance in several ways as easy as going online to purchase . The way I would best recommend is speaking to someone who has knowledge and background in the industry . You are going to want to have an analysis of your personal situation so that all things can be taken into consideration . When making a choice please make sure that you purchase a policy with Living Benefits built into the policy . Do n't purchase the kind of life insurance you have to die to use . "}
{"input": "How Can I Reduce My Auto Insurance? ", "output": "You can reduce your auto insurance premiums in many ways . Of course , shopping through an experienced broker -LRB- or online through a respected website -RRB- may yield substantial savings . They do the shopping while you relax and do the saving ! Increasing your collision and comprehensive deductibles will lower your rate . There are many options that may be very cost-effective for you . Verify that you are receiving all discounts that you are entitled to by speaking to a broker . 55 and retired , good-student and low-mileage are just a few discounts that most carriers offer . Improve your driving record and/or credit . It will help ! And it may save you thousands of dollars instead of hundreds of dollars over your lifetime . "}
{"input": "How Can I Reduce My Auto Insurance? ", "output": "Everyone wants to pay less for car insurance but what you need to focus on is making sure you get the best value for your money . You can increase deductibles , lower liability coverage or reduce your policy to liability only but be careful before making any of these changes . Make sure you understand how much you would have to pay when you have an accident and then see if the savings makes sense for your situation . "}
{"input": "What Does Annuity Due Mean? ", "output": "The word , annuity probably dates back to Rome . The annua was an annual payment . There were some arrangements where the payment lasted the lifetime of the recipient . Tables for these payments were developed during the Roman Empire and used to compensate soldiers for their service . They received a life time of annual payments . "}
{"input": "What Does Annuity Due Mean? ", "output": "Most annuities are ordinary annuities - the payment -LRB- income payment -RRB- is paid at the end of the period . For example you invest in an income annuity today and one month later your monthly income starts . An annuity due requires payment at the beginning of the period . If you have further questions , you can contact me through this website or www.jpw.ca "}
{"input": "What Does Annuity Due Mean? ", "output": "That is a great question ! The definition of an annuity is '' any stream of payments that has a fixed total . '' When we use the word in our financial word , we are referring to an investment vehicle designed for providing a long lasting income stream . They are offered by insurance companies and other financial institutions , and are used to fund retirements , grants and trusts . Here 's a very simple description of how an annuity works : They are funded by a deposit , which then sits for a number of years gathering interest . After that period of time , the annuity begins paying out a set amount until either it runs out , the owner dies , or the owners spouse dies , depending upon how the annuity is structured . It guarantees that there will be an income that lasts as long as you do . Because they require that the deposit sit untouched for many years , an annuity may not be a good investment for some people . That deposit money can be taken out , but there are very costly penalties . As a result , regulations require that the seller sit down with you first and do what is called a `` suitability study . '' They will go over your financial situation , your retirement plans , and your goals . If it is found to not be `` suitable '' for you , they can not sell you one . This protects folks that may have need for that cash from being trapped into a losing investment . I hope that answers your question for you , if you 'd like more detail , I 'd be happy to help , feel free to contact me , okay ? Thanks for asking ! "}
{"input": "Will Home Insurance Cover My Laptop? ", "output": "Discuss the specific terms and conditions of your Homeowners policy with your Insurance Professional , but it is likely that your policy will provide some coverage , albeit limited , for your laptop . Naturally any loss settlement would be subject to your policy deductible and there may be certain `` inside limits '' for laptops , computers , tablets , etc. that cap the amount of coverage and causes of loss . "}
{"input": "Does Home Insurance Cover Electrical Surges? ", "output": "Yes it does . If you suffer such a loss as a result of a direct or indirect lightening strike , for example , then any damage to your electrical system , well pump , appliances and even in some cases , lost food out of your freezer and refrigerator should be covered . This last one , of course , would be a result of a long term power outage . "}
{"input": "Why Is It Important To Have A Retirement Plan? ", "output": "Its extremely important to pay yourself first , which is the money mantra of retirement . Life expectancy is ever increasing , so your retirement period may be 30 years or more . Contributing to a retirement plan every year will determine your lifestyle in your golden years . "}
{"input": "Does Divorce Affect Life Insurance? ", "output": "Divorce does not automatically affect life insurance . Unless the policy owner makes changes to the policy , either by choice or court order , the policy will remain the same . That is why it is important to attend to your life insurance after a divorce , or your death benefit may go to the wrong person . "}
{"input": "Does Divorce Affect Life Insurance? ", "output": "Life insurance is a contract between an insurance company and the owner . The subject of the insurance , the insured , may be someone other than the owner . The owner is the person with the power to change the beneficiary . In a divorce settlement care should be taken to identify the owner of the insurance . Existing insurance is difficult to handle in a divorce settlement . When alimony and/or child support is involved it is often better to have the recipient of those payments purchase and own a policy of life insurance on the party paying the alimony or child support . By doing that all of the control over the policy is in the hands of the recipient , to include the power to change the beneficiary . The other major area of concern involving divorce and life insurance is company sponsored life insurance . Often this is overlooked and the intentions of the court and the desires of the beneficiary thwarted if ownership remains in the hands of the other party . The employee can merely call the HR department and changes the beneficiary to someone else . "}
{"input": "Does Divorce Affect Life Insurance? ", "output": "Divorce does affect life insurance but maybe not in the way you are asking your question . It does not affect your premiums or cost but it will affect other aspects of your policy . The first thing that needs to be addressed is the beneficiary . You may not want your ex to receive your life insurance proceeds . Next aspect to be examined is your face amount . Now that you are on your own , do you have the proper amount of life insurance for children , loved ones to cover debt , etc. ? Last is the term or type of policy . Are the premiums guaranteed for the proper amount of time ? I recommend sooner rather than later sitting down with your agent to address these needs before it becomes too late . "}
{"input": "Does Divorce Affect Life Insurance? ", "output": "Larry and Lee have good information . I will add one more thing . Sometimes you had a policy with your spouse where either you or your spouse were a secondary insured on their policy . You usually wo n't want to leave it that way . If you were the main insured , you are paying the extra premium to cover the rider of your ex-spouse . You might want to leave it if you are the beneficiary but you want to be aware of it and be aware of your options . If you are the rider on your ex-Spouse 's policy you have a bigger problem . You should take out new coverage on your own . Do not trust that your Spouse 's policy will always be there to cover you . There are a lot of variables here . Work with your insurance broker and get good advice . "}
{"input": "Does Divorce Affect Life Insurance? ", "output": "New York and some other states are known as `` divorce revocation states . '' There is a provision in the N.Y. Estates Powers and Trusts code that automatically revokes an ex-spouse as beneficiary of a life insurance policy . Under certain circumstances this little known provision can wreak havoc on the lives of a surviving parent and children when an ex-spouse dies . The law states that your spouse is automatically revoked as beneficiary of any life insurance policy as soon as you are divorced , even if you do n't want them to be . There is a way this can be addressed , but it requires that the policyholder take action . Let 's assume your husband has a $ 500,000 life insurance policy and you are the beneficiary . You are getting divorced and you both agree that you will work together on any issues involving your children . Your marriage is bad , but you still work together as parents . Your husband says that he will leave you as beneficiary of his life insurance policy until the kids are self supporting . If he just `` leaves '' you as the beneficiary , you will no longer be the beneficiary as soon as you divorce . The state of New York has determined that by the act of the divorce itself you are no longer legally his beneficiary . If he dies without having taken any action , the contingent beneficiary will get the proceeds , not you . In order to fix this , your now ex-husband needs to complete a beneficiary change form and make you the beneficiary again , this time listing your relationship as `` ex-spouse . '' It 's a small technicality but not addressing it could be financially catastrophic . By naming you as his beneficiary and ex-spouse after the divorce , you are now legally the beneficiary again . I saw one case where the wife `` took over '' her ex-husbands life insurance policy to make sure the policy stayed in effect and she remained the beneficiary . She had been paying the premium for many years when her ex-husband passed away . When she filed the death claim she was told that because the beneficiary designation predated the divorce she had been revoked as beneficiary . The benefit was paid to someone else . If you are divorced and you or your ex-spouse 's life insurance predates the divorce , it 's critical that you find out if yours is a divorce revocation state . If it is , update your beneficiaries . I apologize for the very long post , but there are many women -LRB- and men too ! -RRB- that need to be aware of this . "}
{"input": "Does Divorce Affect Life Insurance? ", "output": "+1 Larry 's answer . I will add that cash values in Life Insurance can also play a role . They can be considered an asset and the owner of the policy could be made to buy the other party out . Note the owner and the insured may not be the same person . On that note , a decree could also dictate who will be the owner of a policy going forward . Example : If I and my wife own policies on each other . "}
{"input": "Does Divorce Affect Life Insurance? ", "output": "Maybe better put as can Life insurance be effected by a divorce ? The answer is `` yes '' . The court can degree as part of the settlement that life insurance is maintained and beneficiary be illrevocable for a certain number of years . For example , say children are involved and support is required . The court could mandate that life insurance is carried for a certain number of years and that a trust for the children 's benefit be created upon death to continue support payments . So a life policy could be effected by divorce through legal process . One thing to consider as well is if no requirements are set by the courts , the last stated beneficiary would be the one to receive life insurance proceeds . So failure to change the beneficiary would result in a pay out to someone the insured no longer intended the proceeds to go to . A change of beneficiary form is easy to get and easy to use and becomes part of the policy once submitted to the insurance carrier . You can contact your agent or even the company directly for this form . "}
{"input": "How To Choose A Homeowners Insurance? ", "output": "That is a great question ! The best way to choose a policy is to do two things : Your homework , and the legwork . Ask around family and friends and see what they did , or did n't do when choosing theirs . If a family member has a similar sized home , ask what their policy covers , and costs . Have a good idea what the value of your things are - have serial numbers , models and makes , even pictures of things to establish value . Get comparable prices . List everything - clothes , appliances , lamps , everything that you would have to replace . Some companies , like State farm , will have a program that can help you do this , and store the information for you . Then do the legwork - find a good agent , and compare prices . Talk about deductibles , and replacement value . When you are comfortable , then buy . If you need help , please feel free to contact me , okay ? Thanks for asking ! "}
{"input": "How To Choose A Homeowners Insurance? ", "output": "The most important step in choosing a homeowners policy is to select a trusted insurance agent . If you dont have such an agent seek recommendations from friends , colleagues and neighbors . A trusted agent will listen to you , provide sound financial advice and communicate clearly with you and with the insurance company . Setting the limits of a homeowners policy is critical . Regardless of the premium , if the coverage is inadequate to meet a claim you will not be pleased . "}
{"input": "How To Choose A Homeowners Insurance? ", "output": "Naturally start by having an open and honest discussion with your Licensed Insurance Professional about coverage options that are available to you . Insurance is a participatory sport , though , so it is wise and proper that you do your own `` due diligence '' research as well . Look for a company with a solid and long track record and sound financials . Will that company be around if you need to use the coverage they sell you ? Look for a company and an Agent that takes the time to fully review and inspect your property and bases their recommended coverage on a current Reconstruction Analysis to be sure that you have the right coverage to start . Finally , talk to your Insurance Professional about any available discounts for which you may be eligible . "}
{"input": "Can Someone On Disability Get Life Insurance? ", "output": "Disability insurance is based on morbidity events . If the morbidity event doesnt have inherent mortality debits or negative implications , then life insurance , a mortality product can still secured all other things being equal . That means a disability caused by an injury that has recovery prospects has a better opportunity than a disability caused by a disease that is ongoing as an example . "}
{"input": "Can Someone On Disability Get Life Insurance? ", "output": "Yes you can get life insurance , you just will not be able to get the disability waiver of premium rider . The type of policy , premium , and face amount might depend on the reason for your disability . You could get anywhere from Standard or even Preferred Rates to having to go with a higher premium Guaranteed Issue policy "}
{"input": "How Much Does Health Insurance Go Up Each Year? ", "output": "Prior to 2014 it was reasonable to anticipate annual increases in group and individual health insurance in the high single digits to low teen 's range . Though , of course , these are just generalized averages and a host of other factors could move rates higher or , in rarer instances , lower . We have already seen the base cost of health insurance increase fairly substantially in 2014 due to the implementation of the requirements of the Affordable Care Act -LRB- ObamaCare -RRB- . The effect was especially pronounced in the individual health insurance market of almost every state due to the mandatory addition of new benefits , the move to the community rating approach , the elimination of underwriting and adjusting rates for risk , and making all policies guaranteed to be issued without pre-existing condition limitations or exclusions . In mid-2014 we are just now beginning to receive health insurance companies filings for their proposed 2015 rates . While the rate filings vary from state to state and from insurance carrier to insurance carrier , individual health insurance rate increases in the teens to 25 % or more are being reported in many areas across the nation . In some limited instances though , you are seeing some filings requesting rate reductions but these are pretty rare . Therefore , most people should be prepared to see their rates for individual health insurance increase meaningfully again in 2015 , though this effect may be hidden to some extent for those persons who qualify for premium tax subsidies through the government health insurance marketplaces . Many small business groups are also seeing substantial rate increases in their renewal actions for the 2014-2015 benefit year . Increases of 20 % to 40 % are not uncommon . "}
{"input": "How Much Does Health Insurance Go Up Each Year? ", "output": "The increase in premium on a health insurance plan will be different for everyone because we each have different insurance companies we use , different plans -LRB- catastrophic , bronze , silver , gold , and platinum level plans -RRB- , live in different areas , etc. . Factors such as claims history from the prior year , the service area , the cost of care in a given area , and many others go into the rate increase determination by each carrier . There 's no specific percentage or dollar amount that a plan will always go up by . For example , a carrier may have a 2 % increase one year , no increase the next year , and a 6 % increase the year after that . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any further questions . Thanks very much . "}
{"input": "How Does Cancer Insurance Work? ", "output": "Cancer insurance is used to help pay for non-covered and out of pocket items under your major medical plan . These things will include your deductibles and copay , as well as some treatment disallowed under major medical . Some cancer plans are reimbursement policies while others pay a lump sum cash benefit on first diagnosis . "}
{"input": "Things To Look At When Buying Health Insurance? ", "output": "Excellent question ! You essentially have 3 main variations on the theme when purchasing ObamaCare compliant major medical insurance ; 1 -RRB- Conventional plan designs with office visit & prescription copays and lower deductibles -LRB- pretty pricey these days -RRB- 2 -RRB- High deductible health insurance plans designed to work with a Health Savings Account -LRB- HSA -RRB- or a Health Reimbursement Arrangement -LRB- HRA -RRB- - becoming more common . 3 -RRB- Plans that fall in between , here you may see a plan with office visit copays and a high deductible applying to everything else , plans with prescription copays and a high deductible applying to everything else , or plans with more moderate deductible levels with all services subject to the plan 's deductible and co-insurance requirements but that also do n't meet the IRS requirements for being an HSA eligible plan . Simple , right ? First , determine if the doctors , hospitals and pharmacies you want to use are in-network providers for the plan you are interested in . Second , review you health and your history of health care consumption . Your needs and usage at 27 will probably be much different than when you are 47 . Try to pick a plan that you believe will meet your needs in the coming year at the best value . Determine if the plan you are interested in allows for direct access to specialists or whether it requires you to be referred out by your primary care physician first . Neither approach is bad but you should understand how you are supposed to access care in order to maximize your benefits and minimize your costs . Ask what your coverage is when you are outside of your immediate area . Increasingly you may find that you only have emergency care outside of a plan 's `` service area '' or perhaps no coverage at all . Do you have special needs ? A chronic illness or injury that requires ongoing treatment or expensive prescription medication requires extra homework . For example , some health plan 's pharmacy benefits cover HIV/AIDS medications at the lowest level -LRB- to them , highest for you -RRB- possible . Finally , compare monthly premiums . The lowest monthly cost , while always attractive , many not really be the lowest annual cost for you once you factor in some or all of the issues I have pointed out above . It may be worth another $ 50 a month in premiums to have a prescription copay instead of a deductible of up to $ 6300 to meet before your expensive medication is covered . "}
{"input": "What Is A 457 Retirement Plan? ", "output": "457 deferred compensation plans that allow pretax contributions . The earnings accumulate tax deferred and allow you a catch up contribution of $ 5,500 you are age 50 or older . 457 -LRB- b -RRB- deferred compensation plans that are available in government and non-government organizations under 501 -LRB- c -RRB- . 2013 contribution limits are $ 17,500 . "}
{"input": "Can I Go To The ER Without Health Insurance? ", "output": "Yes , you sure can . How they will treat you when you get there is a different question . Most hospitals will treat you whether you have health insurance or not . There are some , however , that may not . In that case , they would send you you to the hospital that will treat you . It also depends on what you need . If it 's something minor , you may wait or they may send you to a different hospital . If it 's critical , they will either treat you there or stabilize you to go to a different hospital . Either way , they will bill you for their services and , the more serious the case , the more it will cost . If you 're considering going to the Emergency Room , you should take a moment and think about whether that 's the right place to go . There are many Urgent Care centers that can help you with more minor issues like fevers , sprained ankles , and minor injuries . You 'll probably get treated more quickly and it 'll cost a lot less . "}
{"input": "How Cheap Is Renters Insurance? ", "output": "Renters Insurance can be purchased for as little as $ 8/mo . . Make sure to purchase a policy with replacement cost for your belongings . The coverage typically adds 10 % -20 % to the policy cost , but it makes sure your belongings are replaced with a new item equivalent rather than being depreciated in value due to age . "}
{"input": "Does Home Insurance Cover Structural Damage? ", "output": "Structural damage may be covered under your homeowners policy . Coverage is going to depend a lot on the cause of the damage and also the coverages that offered by your your homeowners policy . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Will Medicare Cover Hospice In A Nursing Home? ", "output": "Yes ! Depending on your condition , you may get hospice care in a Medicare-approved hospice facility , hospital , nursing home , or other long-term care facility . The hospice benefit with Medicare allows you and your family to stay together in the comfort of your home unless you need care in an inpatient facility . If the hospice team determines that you need inpatient care , the hospice team will make the arrangements for your stay . Hospice care is intended for people with 6 months or less to live if the disease runs its normal course . You can get hospice care for two 90-day benefit periods , followed by an unlimited number of 60-day benefit periods . A benefit period starts the day you begin to get hospice care and it ends when your 90-day or 60-day period ends . You have the right to change providers only once during each benefit period At the start of each period , the hospice medical director or other hospice doctor must re-certify that youre terminally ill , so you can continue to get hospice care . If you live longer than 6 months , you can still get hospice care , as long as the hospice medical director or other hospice doctor re-certifies that you 're terminally ill . You can read more details about Hospice Care & Medicare on my blog at WEBSITELINK "}
{"input": "What Does The Bible Say About Life Insurance? ", "output": "I am certainly not a scholar and can say I do not know the bible like I should however I can safely say the bible does not talk about Life Insurance by that name . There are many versus and scriptures however that talk about managing your money , staying out of debt , lending money , etc. . . There is nothing wrong with taking care of loved ones or your obligations to cover your expenses when you pass away . There are ways you can have to benefit paid out as to prevent or at least minimize what I refer to as the `` lottery syndrome '' which is someone receiving a large sum of monies when they have not earned them . There is no respect for that money and therefor will and has been spent unwisely . If you need more information , I can refer some books for you to read which draw upon scripture and managing your monies . "}
{"input": "What Does The Bible Say About Life Insurance? ", "output": "Life insurance was not in existence at the time the Bible was written , but there are verses that could relate to the concept of life insurance . Prov . 13:22 a `` A good man leaves an inheritance to his children 's children . . '' 1 Tim 5:8 `` But if anyone does not provide for his relatives , and especially for the members of his household , he has denied the faith ... '' Life insurance is a financial vehicle , as are savings accounts , money markets , stock markets , etc. . The Bible has a lot to say about money ; it is up to you and God to determine what is right for you . "}
{"input": "Is My Life Insurance Policy Part Of My Estate? ", "output": "Yes , the death benefit that your beneficiary would receive is considered part of the value of your estate . If you passed away leaving a surviving spouse , your spouse would not have to pay any federal estate tax , regardless of the size of your estate . If no spouse is surviving at the time of death , there is a 5.25 million dollar exemption , plus any exemptions remaining from when the first spouse died . Only the amount beyond that exemption is taxed . State estate taxes have their own exemptions and regulations , depending on the state . "}
{"input": "Is Giving My Life Insurance Policy Away To A Charity A Good Idea? ", "output": "The idea of giving life insurance proceeds to your favorite charity can be a noble idea . If there are no loved ones or business interest that would suffer a financial loss at your death , a charity can be a wonderful idea for these tax free proceeds . Be sure and seek advice from your attorney or speak to the charities accountant department to be sure you list the beneficiary properly on the policy to help them avoid unnecessary taxation of the charity . Congratulations on your noble idea . "}
{"input": "Is Giving My Life Insurance Policy Away To A Charity A Good Idea? ", "output": "Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money : The Name of The Game . I 'm answering questions from insurancelibrary.com , and today 's question is : is giving my life insurance policy to a charity a good idea ? Well , first of all , do you have a charity that qualifies as a non profit under the IRS rules ? Second of all , is this a charity that you want to see go into perpetuity ? Third of all , if your contract is existing and you really do n't need it anymore , you do n't need it for yourself , you do n't need it for you beneficiaries , maybe your children or grandchildren , you could gift your policy to the charity . Some people will also write a policy on themselves from day one and have the charity own it . It really depends upon what you 're trying to get done , but if you 're trying to see your organization go into perpetuity and you no longer need an existing contract , this is a really good option for you to look at . A charity , you can gift your life insurance to the charity of your choice , and just make sure that it 's IRS approved . Well , that 's our consumer question for the day . If you have any questions , just submit them to www.insurancelibrary.com . "}
{"input": "Can You Pay Health Insurance Premiums With An HSA? ", "output": "To simplify the answer yes . A Health Savings Account is used to pay health insurance premiums , medical expenses , and any other expense incurred medically . dont confuse with Flexible Spending Account where if you dont use the money you lose the money in the account . "}
{"input": "Can You Pay Health Insurance Premiums With An HSA? ", "output": "An HSA is one of the most affordable types of health insurance plans available to individuals and families . Typically , you pay premiums to the insurance company -LRB- a high-deductible health plan -RRB- and you can make optional deposits into your side account -LRB- The HSA -RRB- . The savings portion should be used to pay for qualified medical , dental and visionexpenses , so you can take advantage of the tax deduction . Shopping for the best options through an experienced broker will save time and money . And maybe aggravation too ! "}
{"input": "Does Life Insurance Pay Medical Bills? ", "output": "The great thing about life insurance is that the beneficiary receives the money proceeds tax free and can spend them on anything they wish including medical bills . If you purchase a cash value life insurance plan such as whole life insurance or universal life insurance , you can borrow from your cash value tax free and use the money for medical bills or anything else you desire . You may also purchase a rider on most all types of life insurance plans that can give you proceeds to be used in case of a critical illness and that money can also be used for mounting medical bills . So , the simple answer to your question would be yes , you can use life insurance to pay medical bills if you so desire . "}
{"input": "Does Life Insurance Pay Medical Bills? ", "output": "Unless one has life insurance with `` living benefits '' , the death benefit is paid out upon the death of the insured person , and the beneficiary may use the life insurance proceeds as they wish . They might use it to pay medical bills , burial expenses , to pay off a mortgage , or invest it for future needs . Life insurance with living benefits allows the insured person to use some of the money that would normally have been paid out at his/her death , to use while he/she is still alive , under some circumstances . If the policy includes a benefit for critical illness , this can be used to pay medical bills for some critical illnesses such as heart attack or certain types of cancer . A chronic illness living benefit provides cash for expenses incurred when unable to do two or more ADL 's . "}
{"input": "Does Life Insurance Pay Medical Bills? ", "output": "I will be dating myself by saying this , but life insurance is the silly putty of financial products . It can do just about anything . So yes , if you have cash value life insurance you can use the funds for a medical bill that has come to you unexpectedly . You can use your cash values for any purpose you choose , which is a blessing and a curse . The blessing is you can use the cash values for any emergency . The curse is what you define as an emergency . "}
{"input": "Can I Get Life Insurance After Open Heart Surgery? ", "output": "It is pretty easy to get a simplified issue life insurance policy after having a coronary bypass . And as the name says , you are guaranteed to qualify for a guaranteed issue policy . If you want more than $ 50,000 of coverage , whether you qualify for that amount will depend on the age at which you had your open heart surgery , how many vessels were involved , whether there were any blockages later , and how your stress tests results are now . If you smoke or have other health conditions , such as diabetes , you most likely will be declined for this type of medically underwritten policy . But if you were at an older age when you had your heart surgery , it was effective and not too extensive , there is a good chance that you can get the amount of coverage you desire . "}
{"input": "Can I Get Life Insurance After Open Heart Surgery? ", "output": "That is an excellent question ! Yes , you can . And depending upon how long ago your surgery was , and how complication free you have been since , it should not prevent you from finding a good , affordable policy . If it has been more recent , you may find that the policies are more expensive , and come with a period called a `` grade '' that reduces your death benefit during that grade period . Your best bet is to find an agent who will look into finding you a policy that is right for you . If you would like to contact me , I 'd be glad to help . Thanks for asking ! "}
{"input": "Can I Get Life Insurance After Open Heart Surgery? ", "output": "Yes , you can ! I have done it for people . Heres a quick testimonial : a man contacted me who needed life insurance to indemnify a business loan . He had had open heart surgery several years before , and was having a really tough time getting an offer . I developed a portfolio of quote information about him , and went to market on his behalf . It didnt take too long to find out what the chief obstacle for him was : inconsistent follow-ups . The surgery had taken place in another state , and there he had a cardiologist he liked . However , he had since moved , and had not yet found a replacement physician . So he didnt bother to get a follow up . No underwriter in his right mind could make an offer without knowing his current status . I was able to persuade him that I had a good chance of getting an offer if he had good follow-ups . -LRB- Of course , from a medical point of view , he should have had follow-ups anyway . -RRB- He went ahead and connected with a local cardiologist , and had all the necessary testing done . The results were good enough to get him a decent offer , and his business loan came through . A happy ending . "}
{"input": "Can I Get Life Insurance After Open Heart Surgery? ", "output": "After heart surgery , yes you can get life insurance . To start , there are what we call guaranteed issue policies which can give you a basic burial policy . A big question is what kind of surgery was it ? If you just had a stint put in , and it was about a year or more ago , you can apply for Life Insurance . If the surgery was more serious , then you may have to stick with a guaranteed issue . The more time that passes without incident from the surgery , the better chances you have of getting a policy . Keep in mind , the premium will be higher than if you did not have a surgery . I would contact your broker , fill out a questionnaire and see what your options are . "}
{"input": "How Much Are Life Insurance Rates? ", "output": "Life insurance rates will vary widely depending on several factors : age , gender , amount of coverage , length of coverage and health rating . There are different types of policies depending on your needs , such as term insurance , whole life and universal life . Rates may range from a few dollars a month to thousands per month depending on your situation and what you want to accomplish with insurance . Discuss your situation with a knowledgeable independent advisor who can help you navigate the many options . "}
{"input": "How Much Are Life Insurance Rates? ", "output": "There are two sets of rates for the cost of insurance : current company practice and contractual guarantees . Contractual guarantees hedge the current company pricing practices in case they miscalculate their assumptions . Both of those sets of rates are dependent upon the life insurance companys actuarial assessment of life expectancy and their profitability targets . Life expectancy is based on gender , age , health condition and lifestyle behaviors like motor vehicle violations , recreational activities and hazardous vocations . "}
{"input": "How Much Are Life Insurance Rates? ", "output": "Life insurance rates are determined by several factors , such as your age , sex , and health status . What you first need to decide is which type of life insurance works the best for you . Some of the most common options are : Whole life , Term life , and Universal life . Rates will also vary based on which insurance company you decide to go with . I recommend getting a life policy with a company that you know and trust , since you will probably be keeping the policy for several years . "}
{"input": "How Much Are Life Insurance Rates? ", "output": "Life insurance rates are calculated as a certain cost per thousand dollars of life insurance . E.g. . If the factor is $ 1.00 per thousand , a person could get $ 100,000 of life insurance for $ 500 per year , plus an annual fee . The cost per thousand varies greatly between smokers and nonsmokers , young and old , short terms and long terms , and the health rating for which the applicant qualifies . "}
{"input": "How To Get Cash Value Of Life Insurance? ", "output": "To find out how much cash value is in your life insurance policy , you can order a current illustration from your agent , or directly from the life insurance company from which your policy is issued . If you want to literally get the cash value from your life insurance policy , you can borrow from your policy , or you could surrender your policy . Taking a loan against your policy will keep the death benefit intact , as long as you follow the guidelines . If you surrender your policy , you will get all the available cash value , but you will also lose your death benefit protection . It is always a good idea to cover the options with a qualified agent in taking this step . Even if your original agent is no longer around , you can enlist another agent to explain your options and help you avoid some costly mistakes . "}
{"input": "How To Get Cash Value Of Life Insurance? ", "output": "There are a few ways to get your money from whole Life . Of course , you can surrender your policy and get its full cash value , but then you would have no life insurance , so this is not recommended . You can borrow against your policy and later pay it back . Or you could borrow against it , never pay it back , keep the money tax free , but lower your death benefit by that amount . A capable agent can review with you all the options and also the best policies to buy to give you these options . New York Life even provides a way of retiring on a pension , with your life insurance policy . Gary Lane , Agent , New York Life , 949\u00a0797\u00a02424 . Please Call me . Thank you . "}
{"input": "When Does Medicare Part D Start? ", "output": "You must enroll in Part D when you turn 65 or qualify for Medicare . You have the three months before , the month of , and three months after you turn 65 to enroll in a plan . The plans are administered through private insurance companies under the supervision of Medicare . If you fail to enroll when you are eligible you will be penalized by Medicare for each month you do not have creditable coverage . You may enroll in a plan or change your plan each year from October 15th through December 7th . "}
{"input": "Why Do I Need Universal Life Insurance? ", "output": "You may not need Universal Life Insurance . If you have a temporary need and want a large policy for the lowest possible price , Term Life Insurance would probably work best . If you want a small final expense policy , Whole Life is easiest to get , and comes in the smallest face amounts . Where you may choose Universal Life is if you want a low cost permanent product of a substantial face amount but with little to no cash value -LRB- GUL -RRB- , or if you want to use your life insurance as a type of investment along with death benefit -LRB- VUL or IUL -RRB- . "}
{"input": "Why Do I Need Universal Life Insurance? ", "output": "You do not need any particular life insurance product . You need to establish your financial profile , risk tolerance and economic goals . If universal life is to be part of that based on product suitability , then so be it . There are four types of universal life products : current assumption , index , variable and guaranteed universal life . The first three should be explored for tax advantaged , supplemental retirement income scenarios and the last one for permanent coverage to indemnify your beneficiaries . "}
{"input": "Why Do I Need Universal Life Insurance? ", "output": "Universal Life is a unique product . The advantages of a Universal Life Policy are : Flexible Premiums , you can put more into the policy to act as a savings and enhance cash accumulation . You can skip payments as long as there is enough in the cash value to continue the insurance . You can decrease the face amount or increase the face amount -LRB- as long as your health qualifies -RRB- . It has a competitive interest rate . It is a good way to get a lot of insurance for a lower premium than whole Life . The disadvantages : It must be funded properly . Because you can skip or put less into the policy than the Target Premium , the policy could lose its death benefit . Picture a bucket of money . The bucket has a hole in it and it is dripping . If the water -LRB- money -RRB- going into the bucket is greater than the water going out of the bucket , you are OK . But if you do not have enough going into the bucket and it is draining faster than being filled , then the water will eventually run out . When that happens the insurance will cease . Universal Life is a good product , but not for everyone . "}
{"input": "Why Do I Need Universal Life Insurance? ", "output": "Simply put , term life insurance , whole-life life insurance , universal life insurance and annuities etc. are very important things to think about to protect your financial future . Generally , speaking the best time to think about these products is when you are talking to a licensed insurance agent and you can think them over together . All of these products , or a combination of these products , may suit your individual needs . I work for a few companies that offer high-cash value products that can be used for various business ventures or personal wealth-building opportunities , if set up properly . Therefore , when considering any of these insurance products it is usually best to meet with an agent so they can help you figure out which products you need , can afford and find out if you qualify for them . "}
{"input": "Why Do I Need Universal Life Insurance? ", "output": "Why do I need a universal life insurance policy ? Usually because you want a stable premium and can not afford a true whole life product to insure yourself . You are looking for a longer period of time to be covered than a term policy can offer . I would hope that if a person chooses UL , that they choose guaranteed universal life as that guarantee makes a UL a more stable product . "}
{"input": "Can A 65 Year Old Get Term Life Insurance? ", "output": "Yes . A 65 year old still qualifies for 10 year term ,15 year term , 20 year term , and 25 year term lengths . There are multiple carriers that will write 10 , 15 , and 20 year options and I know one carrier that will go up to a 25 year term . "}
{"input": "Can A 65 Year Old Get Term Life Insurance? ", "output": "Yes , a 65 year old can get term life insurance . Some policies are pure term , others are a hybrid of term and universal life so they can be extended . You can also get universal life with the premium locked in for a certain number of years . If you pick term insurance , be sure that you do not need the coverage past the years in the term , because it will be difficult to get a new policy after that term ends . "}
{"input": "Can A 65 Year Old Get Term Life Insurance? ", "output": "Yes , as long as the health is still good a 65 year old can still purchase term life insurance . There are still several life insurance companies that will underwrite up to an 80 year old for term life for a higher premium and good health . As Peggy mentioned also to consider looking at a term and UL hybrid policy at age 65 . "}
{"input": "What Type Of Life Insurance Is Best For Me? ", "output": "Determining product suitability is a process that includes risk assessment , financial goals and establishing a timeline based on life expectancy . Once this discovery process determines the potential policy owners needs and financial profile then you can purchase life insurance based on you needs and product suitability . "}
{"input": "What Type Of Life Insurance Is Best For Me? ", "output": "If you have a temporary need , Term Life Insurance may be best . If you want life insurance to cover your final expenses associated with funeral , Permanent Life is usually best . If you want to use Life Insurance for business purposes , you can use Term to cover key employees , or you can use Permanent to create a business succession plan with liquidity , or many other options for many other business purposes . If you have a serious health problem , your choices will be limited . If you can get one that is not graded , that will be best for you . If not , then the best one is the one you can get . "}
{"input": "Does Life Insurance Know If You Smoke? ", "output": "When you apply for life insurance , the insurance company will ask about smoking on the application . If you take a No Exam policy , they will ask you about smoking in the phone interview . And if you are applying for a medically underwritten policy , they will test for nicotine in your blood and/or urine . If medical records are ordered and a history of smoking is noted in your medical records , they will take that into consideration , as well . "}
{"input": "Does Life Insurance Know If You Smoke? ", "output": "It depends , who else knows that you smoke ? Does your doctor ? Does your health insurance plan ? Auto Insurance ? If there is a written record of you smoking it more than probable that it will be inside the MIB -LRB- Medical information Bureau -RRB- and it will come up during the underwriting phase . There 's the MIB and your doctor 's chart notes that would be reviewed . Also depending on your state where they do n't apply the contestability rules towards smoking . My state for example waives the two year contestability clause specifically for not declaring if a insured is a smoker or not . What that means is premium paid is returned and no contract was created . "}
{"input": "Does Life Insurance Know If You Smoke? ", "output": "The life insurance company will definitely know if you smoke because that is something you disclose to them . To fail to do so would amount to insurance fraud which is subject to fines and possible imprisonment . When applying for life insurance you want to get the best rate that you actually qualify for . Do not get a policy by withholding or falseifing information . You will not often come out ahead . If you have an agent ever tell you to sign an application that has known wrong information , you should report the agent to your state 's department of insurance . He is putting your financial security at risk by trying to make a quick and easy sale . "}
{"input": "Does Life Insurance Know If You Smoke? ", "output": "If you begin smoking after the policy is issued then the answer is no . Most companies have a question on the application regarding smoking and depending on the policy you are purchasing they may require a blood urine or saliva test and will check for smoking before issuing a policy . If you lie an an application and you die within two years and the company finds out then your policy will not pay the death benefit . This is considered insurance fraud . "}
{"input": "How To Get Health Insurance As A College Student? ", "output": "First , check with your college 's office of student affairs or administration and see if they have a student health insurance plan . Due to the requirements of ObamaCare many of these plans have been cancelled or are being phased out but some do still exist . Next , you can be covered as a dependent on your parent 's health insurance policy until age 26 so if you have recently lost or will be losing coverage when you start school you could possibly be added onto their plan . Regarding true major medical individual health insurance you are pretty well locked out until the next open enrollment period starting on November 15th and the earliest you could be covered would be January 1 , 2015 . This is unless you have what is called a change of life status event -LRB- marriage , divorce , child birth or adoption , losing other coverage -RRB- in which case you have a 60-day time frame to apply for individual health insurance coverage . If you are in good health and coverage for any pre-existing health conditions is not a major concern for you then the best solution for immediate coverage would be to apply for a short term medical insurance policy . These policies are pretty affordable and depending upon the insurance carrier they may issue a policy that runs for a period just short of one year and you can often reapply for coverage . If you reside in Tennessee , Arkansas or Mississippi contact me and I 'll be happy to help you out with this . If you reside in another state seek out a health insurance broker or go online and do a search for Short Term Medical . Assurant Health and United Healthcare/Golden Rule have pretty good short term policies and , of course , you would want to check with the Blue Cross/Blue Shield plan in your state . Other than Medicaid that pretty well sums up your options as a student . "}
{"input": "How Much Does Renters Liability Insurance Cost? ", "output": "Renters insurance is typically one of the lowest cost insurances out there . Most renter will pay from $ 7/mo or up . The best thing to do is to have your auto and renters insurance with the same company . Most companies will offer you a discount by having both policies with them and in some cases the discount makes the renters insurance nearly free . Call your local agent today to find out what is available in your area and how affordable the coverage is . "}
{"input": "How To Be Medicare Certified? ", "output": "When yuo speak of being `` medicare certified '' you are usually speaking of the fact that there are two classes of medicare sales people-those that sell medicare selling that is unregulated by the Centers for Medicare and Medicaid Services vs. those that do sell Medicare advantage . To be `` medicare certified '' you have to take the AHIP exam -LRB- American Health Insurance Portablity Act -RRB- . It is both time consuming and expensive . This year when I finally completed the certification I had 24 hours invested in just the recertification . Then CMS regulates Medicare Advantage sales people like we are crooks whereas the Medicare Supplement sales people are allowed to go unregulated . I assume you realize you have to have a valid insurance license for theState you reside in . "}
{"input": "Is Water Heater Damage Covered By Homeowners Insurance? ", "output": "Some water damage is covered , while others are not . If the water damage is the result of a burst water pipe in your house then the policy will probably cover repairs . If the source of the water is outside your home , as in a flood , coverage is excluded unless you have a flood policy . If the source of water is a back-up in the sewer it can be covered in your homeowners policy if you purchase the appropriate additional coverage . "}
{"input": "Are Life Insurance Proceeds Protected From Creditors In Indiana? ", "output": "When a beneficiary in Indiana collects the death benefit from a life insurance policy upon the death of the insured person , the life insurance proceeds are protected from creditors in Indiana . Creditors could go after the life insurance proceeds if the beneficiary was a co-signer to the debts of the Insured . They could also collect on the life insurance money if the beneficiary was left to the estate . "}
{"input": "What Does The Medicare Suffix T Mean? ", "output": "The Medicare suffix T means that the person is entitled to Medicare Part A but not to retirement and survivor 's or Railroad Retirement insurance . It also applies to those who are entitled to receive Part A for having end stage renal disease . "}
{"input": "Why Should I Open A Roth IRA? ", "output": "Any step made to accumulate money for retirement is a step in the right direction . The money accumulated in a Roth IRA can be withdrawn after 5 years income tax free and without the additional 10 % penalty tax if you are over 59.5 years old , have become disabled or are using the money for a first time home purchase . Additional advantages of a Roth IRA are that there will not be a minimum distribution required when you reach age 70.5 , and there are superior estate tax opportunities . "}
{"input": "Why Should I Open A Roth IRA? ", "output": "That is a great question ! There are several reasons why opening a Roth makes sense . The first is that the minimum distribution and withdrawal requirements are much less strict than in traditional IRA 's , and can have beneficiaries to receive the balances when you pass . This type of IRA will allow you to take money out without penalties under the right circumstances where a traditional IRA wo n't . They are also great to have because they are not taxable income when you do start taking cash from them . The funding for your Roth is done after-tax , and the earnings are also tax favored , making this a great investment vehicle . I hope that helps , thanks for asking ! "}
{"input": "Does My Small Business Have To Offer Health Insurance? ", "output": "No . The employer mandate provisions of the Affordable Care Act -LRB- ObamaCare -RRB- apply to employers with 50 or more full-time/full-time equivalent employees . So , if your company has 20 full time employees and 6 part-time employees that probably translates into the equivalent of 23 full time employees and places you well below the threshold where you have to provide employee health insurance or be subject to the employer mandate tax penalty . If you need to attract and retain quality employees and reduce turnover then it may well be in your self interest as a small business to offer group health insurance to your employees . However , with the introduction of the Affordable Care Act 's health insurance marketplaces and premium tax subsidies to help persons between 100 % and 400 % of the Federal Poverty Level purchase individual health insurance the small business owner 's decision in this regard is more complicated now . If your workforce is largely lower income and you are asking or would be asking your employees to pay a significant portion of the cost of group health insurance it is possible you are actually doing your employees and their dependents a disservice by providing group health insurance as this effectively blocks them from purchasing subsidized individual health insurance in the government health insurance marketplaces . There is some analysis required and business philosophy decisions to be made by the small business owner in making the decision as to whether offering group health insurance is the best course of action in todays environment . You should seek out the services of an experienced health insurance broker who is well educated on the Affordable Care Act to help you make this decision . I am a 30 year industry veteran and Chartered Benefit Consultant , if I can be of assistance to you in this matter please feel free to contact me . "}
{"input": "How Does Medigap Work? ", "output": "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 . "}
{"input": "Is Medicare Supplemental Insurance Worth It? ", "output": "Medicare supplemental insurance can be a financial lifeline for most people . Medicare Part A and Part B only cover about 80 % of approved charges . This can leave you owing many thousands of dollars and there is no cap on your out of pocket . Medicare supplemental insurance plans allow you to decide how much risk you are willing to accept . The most popular plans will reduce your financial obligation to less than $ 500 per year . "}
{"input": "What Does Legal Expenses Cover On Home Insurance? ", "output": "In most policies this is a promise by the insurance company to pay up to the limit in the policy any amount of money for which you are liable because of bodily injury or property damage . There are limitations on this coverage and you should check your policy and confirm things with your agent . This coverage includes legal defense . "}
{"input": "What Happens If Your Auto Insurance Lapses? ", "output": "That is a great question ! First off , it becomes illegal for you to drive in most States . The process to reinstate the policy is usually fairly straightforward , you show proof of insurability -LRB- you did n't get into an accident , get DUI 'd , or ticketed in the interim , have a major health issue , etc -RRB- , and pay the back owed amount . If that is an issue , sometimes the insurer will be willing to prorate the back owed amount over the new premium , until it is repaid . Sometimes , it is easier to just get a policy with a new company , but expect to get questioned as to why your policy was allowed to lapse , and pay a higher premium . I hope that helps , thanks for asking ! "}
{"input": "What Happens If Your Auto Insurance Lapses? ", "output": "The obvious is that you have no more protection and that can also make it illegal to drive your car or any other for that matter . Most if not all states require that you aintain continuous car insurance as a condition of maintaining the registration on your car . Your lien holder or leasing company also requires that . "}
{"input": "What Drugs Do Health Insurance Companies Test For? ", "output": "I am presuming that you are asking about tests for illegal drug consumption and not just prescription medications in general . As far as health insurance goes this is a non-issue . An applicant for health insurance is not subjected to any physical exams or blood or urine tests as a condition for being offered health insurance coverage . While in the past there may have been questions regarding illegal drug usage on a health insurance application that if answered truthfully by a drug user could have resulted in their being declined for coverage in the individual health insurance market we have moved past that now . As the Affordable Care Act prohibits medical underwriting and requires policies to be guaranteed to be issued regardless of pre-existing conditions there are no such questions to be answered now . Ironically , in the individual health insurance marketplace the only drug that you can be asked about and perhaps penalized for in the form of higher premiums is for tobacco use . No questions are asked about marijuana , cocaine or other drugs . This is different from applying for life insurance where in many cases a physical exam that may include drawing blood and/or taking a urine sample are part of the underwriting process . With the expanded number of states that have approved marijuana for medical usage and the outright legalization that Colorado and Washington are now experimenting with the life insurance industry is having to adjust to this changing legal environment in their underwriting practices . Different life insurance carriers are addressing the marijuana usage issue in different ways so there is no universal standard being applied to this issue and it is an area where a great deal of evolution is currently underway and probably will be for years to come . "}
{"input": "What Drugs Do Health Insurance Companies Test For? ", "output": "Under the affordable care act , health plans are , in short , guaranteed issue -LRB- when you apply during the annual open enrollment period or if you apply under a qualifying special enrollment period -RRB- . You can not be denied coverage for any pre-existing conditions or other health-related issues and you do not have to take an exam to secure coverage . So to answer your questions ... none . Health insurance companies can not test you for drugs to secure a policy . If you 're applying for another type of coverage such as life insurance or disability insurance , you would have to take a medical exam . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "Why Are My Auto Insurance Rates So High? ", "output": "Automobile rates are determined from several factors : If could be the company you are with . Be sure to shop around , What does your driving history look like ? If you have a record of events , this will increase your rates . Age . If you are a teenager , your rates will be higher than someone in there 30 's for example . Credit history . Some companies use this as a factor to your premium rates . Type of coverage you have . This is a bit subjective however if you are still paying on your car , then you probably are paying for full coverage . This is more expensive than just liability . Please note , I am not recommending you to get liability just to reduce cost . Consult your auto insurance agent to review the plans you have available and the related costs . Be sure to ask why you need it , is it mandatory or required , what you loose if you do not have it . "}
{"input": "Do You Need To Have Homeowners Insurance In Alaska? ", "output": "Homeowner insurance in any state is mandatory if you have a mortgage but is optional if you do n't . The mortgage company wants to protect their interest in the home by making the homeowner purchase homeowner insurance . Everyone should consider purchasing it to protect your investment and the contents of the home plus your personal liability as the owner of the property . Talk to a local agent and review your specific needs for this type of policy . "}
{"input": "Why Is 401K Taxed? ", "output": "A 401 -LRB- K -RRB- defined contribution plan is a tax DEFERRED program instituted by your employer . Contributions by you to the plan are normally tax deferred , meaning that there isnt any current income tax on that portion of your income . -RRB- The same is true if your employer makes a contribution . When the funds are withdrawn they are taxable as ordinary income under most circumstances . A distribution before you reach age 50.5 could incur an additional 10 % penalty tax . "}
{"input": "What Is The Best Supplemental Insurance To Have With Medicare? ", "output": "The `` best '' supplement may be a different Medicare supplement -LRB- Medigap -RRB- plan for each plan -LRB- e.g. plan F may be most appropriate for person ABC and plan N may be most appropriate for person XYZ -RRB- as everyone has their own needs , budgets , and other factors . Plan F is the most comprehensive plan and creates the most predictable expense structure for an insured , however , it also features the highest premiums . "}
{"input": "How To Contest A Life Insurance Beneficiary? ", "output": "Traditionally one can not contest the beneficiary of a life insurance contract . The beneficiary designation is chosen by the contract owner and can only be changed by the contract owner . The contract is a private arrangement between the insured and the insurance company and the chosen beneficiary is up to the owner . "}
{"input": "How To Contest A Life Insurance Beneficiary? ", "output": "Get a lawyer , because odds are you will need a court order to force the change . The job of the life insurance company is to honor the contract with the policy owner . The policy owner has control and so gets to designate the beneficiary . At the time of application , the company makes sure the beneficiary has insurable interest . Is he or she a family member ? Business partner ? Charitable recipient ? People with a financial dependence on the insured qualify as beneficiaries . In addition , the processes of prequalification and underwriting are pretty effective in confirming the insured and policy owners are in the right frame of mind to make major financial decisions . No company wants to enter into a legal agreement with another party who is not competent . So these life insurance contracts could be considered pretty solid . Nonetheless , is it possible that there was some kind of extraneous pressure or personal problem that resulted in a bad decision by the policyholder ? Sure . You would have to prove that . And that , of course , it would take time and money . I think pretty valid challenges could conceivably be made . Divorce , remarriage , adoption . Birth of a child . Death of a spouse . All these events could show that one family member was more dependent on the insured than the other . And entitled to the insurance benefit . Perhaps the policyholder was indeed ill , or under severe life stress . Doctors may have to be called upon . Therapists ? Business associates ? I think you can get an idea of just how much work you would have to put into contesting the beneficiary designation on the policy . Make sure it is worth it . "}
{"input": "How To Contest A Life Insurance Beneficiary? ", "output": "To contest a life insurance beneficiary , you must hire legal representation and prepare to be in for a long haul . It is unusual that the court will side with the one contesting the beneficiary . However , if you can prove that a major life event occurred and that the policy owner neglected to make the beneficiary change , sometimes the challenge will work . Some are able to use arbitration to settle such disputes . It is easier to contest a beneficiary if the beneficiary has not financial interest with the policy owner . "}
{"input": "What Is The Yearly Deductible For Medicare Part B? ", "output": "The yearly deductible for Medicare Part B in 2013 for most people is $ 147 per year . For those with higher incomes , the yearly deductible is as follows for a single person . Above $ 85,000 to $ 107,000 - $ 146.90 per year Above $ 107,000 to $ 160,000 - $ 209.80 per year Above $ 160,000 to $ 214,000 - $ 272.70 per year Above $ 214,000 - $ 335.70 per year "}
{"input": "What Is The Yearly Deductible For Medicare Part B? ", "output": "The Medicare Part B deductible for 2014 is $ 147 . This is different from the Medicare Part B premium that you pay out of your Social Security . Medicare Supplement insurance can help pay your Part B deductible but not your Medicare Part B premium . In 2014 , most people pay $ 104.90 for their Medicare Part B monthly premium . "}
{"input": "Does Renters Insurance Cover Laptops? ", "output": "Renter 's insurance can cover laptops , depending on your specific benefits and what riders -LRB- if needed -RRB- that you have . Wear and tear will not be covered . Also mechanical failure will not be covered either . Each carrier will have different rates and coverage so consult with an experienced full-time broker for the best rates . "}
{"input": "How Much Does Life Insurance Typically Cost? ", "output": "The best way to see what life insurance would typically cost for you is to go to a website that offers instant life insurance quotes , and experiment with different face amounts and term lengths . Typically , most people do not qualify for the best rate class , and and you will be seeing the most competitive rates in the industry . But it will give you an idea . "}
{"input": "Is Car Insurance Automatically Renewed? ", "output": "No , you renew it by paying the premium . The company does not have to renew your policy . If your claims history or driving record no longer meets their criteria you can be canceled , have your rates increased or be placed in the companies high risk plan if they have one . "}
{"input": "Which Company Has The Best Long Term Care Insurance? ", "output": "You always need to match the long term care insurance -LRB- LTCi -RRB- company with client suitability . Suitability for -LRB- LTCi -RRB- is based the clients personal profile , risk tolerance and economic goals . Once thats established then we can review the LTCi company for pricing , contractual language and policy provisions that are consumer centric . But if Im forced to answer , my recommendation overall is to include Genworth in your research . "}
{"input": "What Is The Best Medicare Advantage Plan In New York? ", "output": "The best Medicare Advantage plan in New York will depend on your specific needs and perhaps what part of the state you reside in . It is absolutely critical to utilize a licensed experienced full-time broker that works with MA plans . They will be able to explain details and if a Medical Advantage plan is right for you . "}
{"input": "Who Sells The Best Life Insurance? ", "output": "The best life insurance isone that is sold by a stable , A-rated -LRB- A.M. Best -RRB- insurance company , and isthe lowest priced for the amount and length -LRB- term -RRB- you need Sounds complicated ? Not really . To get the best deal , visit a website that offers term life quotes . There are many out there , but I like the QualityTermLife website because it lets you compare over 100 insurers , has a needs calculator to help figure out just how much to buy , and you do n't have to give your phone or email just to see the quotes . "}
{"input": "Who Sells The Best Life Insurance? ", "output": "The best life insurance policy is the one that is in force on the day you die . It matters little how much you paid for the coverage over the years . The real problem is knowing how much coverage to purchase . In the clamor to buy the cheapest term insurance we overlook the fact that very few of these policies result in a death claim . Buy insurance that is going to be there when you need it . "}
{"input": "Who Sells The Best Life Insurance? ", "output": "Many companies are excellent companies go work with . I know because I work with multiple companies , and hundreds of coverages in 50 states . The way to find the best company for the best fit your needs is to speak to a professional to determine . There are different products and coverages for everybody . Different forms of Life Insurance , too . "}
{"input": "Who Sells The Best Life Insurance? ", "output": "There are many , many agents who sell the best life insurance on the market , based on life insurance company ratings . The question is , who can you trust to sell you the best life insurance for you ? It 's kind of like looking for a home in a new city . You know there are some fantastic houses out there , and possibly even some that have the features you want , that will fit your budget . But will your realtor show you those homes ? You really have to trust your realtor to guide you to the best home that meets your needs and price guidelines . The agents who write answers on this website know how to listen and answer questions , one of the most important parts of finding your best life insurance . Many of us have access to scores of companies , so that we can shop around for you . At the risk of sounding self-serving , I would say you ca n't go wrong starting here . "}
{"input": "Who Sells The Best Life Insurance? ", "output": "There are lots of agents that sell the best life insurance on the market . Problem is the best life insurance policy does not come from one company . The best life insurance policy is the policy that protects your loved ones for the cheapest rate for your unique situation . I recommend not guessing but finding an experienced independent life insurance broker that you trust to professionally shop to find you the very best life insurance policy . "}
{"input": "Who Sells The Best Life Insurance? ", "output": "There are many companies that will say they sell the best life insurance . But , aside from looking at ratings from agencies like AM Best and Moody 's , there is technically no best life insurance company , and no best type of life insurance policy . Life insurance companies are highly regulated , and different policies meet different needs . So the agent who sells the best life insurance is the one that finds the best policy for YOU . "}
{"input": "What Is Elephant Car Insurance Like? ", "output": "Elephant car insurance is a very reputable company that is slowly making their presence felt here in the US . Actually , I just wrote an article about Elephant for one of my websites . They are not yet in every state , but they are very consumer-oriented and their employees love working for the company . And of course , where available , their rates are also very competitive . "}
{"input": "Is Sewer Line Replacement Covered By Homeowners Insurance? ", "output": "You can purchase an endorsement called Water/Sewer Backup which will cover resulting damage from a water/sewer line backup . The sewer line itself is not covered but the resulting damage is covered . Homeowners insurance is designed to cover sudden and accidental losses . It is not a maintenance policy and it does not cover damage from wear and tear so if you sewer line needs to be replaced because it is old or tree roots have cracked the pipe , there is no coverage . "}
{"input": "Is Annuity A Security? ", "output": "Tax deferred annuities have three basic crediting methods : interest rate crediting , indice crediting and separate sub accounts crediting with equity and bond instruments . Separate sub accounts are used in variable annuities and are classified as a security product -LRB- FINRA -RRB- as well as an insurance product -LRB- Department of Insurance . -RRB- "}
{"input": "Can A 70 Year Old Get Life Insurance? ", "output": "That is a great question ! Absolutely you can . In fact , there are probably more policies available for people aged 50-75 than there are any others . Younger people do n't believe that their ends will ever come , while age brings wisdom , in many cases . There are a ton of great options , and a good agent can help you find an affordable policy with the coverage that you can safely afford . If you 'd like some more details , please feel free to contact me , okay ? Thank you for asking ! "}
{"input": "Can A 70 Year Old Get Life Insurance? ", "output": "Absolutely . Seniors can get life insurance . At 70 , you may still have young dependents who you support or are putting through college . You may want a lot of coverage to protect an estate from inheritance taxes or just enough for final expenses so that you need n't burden your family . Here are your quotes for 10 years , $ 500,000 , excellent health . Around $ 3700/year . WEBSITELINK -LRB- copy and paste into your browser 's address bar -RRB- For other health status , term -LRB- length -RRB- , or amount you can use the quote engine at WEBSITELINK "}
{"input": "Can A 70 Year Old Get Life Insurance? ", "output": "Actually , people as old as 90 can buy life insurance . They can buy as much as they need as long as the amount is financially justifiable . There are carriers who specialize in older age groups . They have a sophisticated understanding of certain medical conditions that affect primarily people when they are older . One example would be Parkinson 's , and another would be cognitive impairment . Because they have a high comfort level with these types of risks , the pricing can be much more affordable than one would think . "}
{"input": "Can A 70 Year Old Get Life Insurance? ", "output": "It actually is easier to get life insurance at age 70 than it is at age 30 . That is because there are so many policies that offer final expense coverage , and most of them have a minimum age requirement of 40-50 years old . Some of these are guaranteed issue , meaning there are no health questions whatsoever , and you can not be denied . Most have a maximum age 75-85 . So yes , agencies like ours , that carry many policies for seniors , can offer an assortment of prices . We can also find you medically underwritten policies in larger face amounts , for purposes other than funeral , memorial service , etc. . "}
{"input": "Does Health Insurance Actually Make People Healthier? ", "output": "Health insurance itself does not make anyone healthier or sicker . Removing or reducing the financial barriers to accessing healthcare that health insurance makes possible helps create an environment where preventive care is encouraged and health problems may be detected at earlier more manageable stages . Past statistics showed a correlation between having health insurance and better health . However , those statistics come from the era when underwriting of health insurance for risk was allowed and individuals could be declined for coverage for pre-existing conditions . Starting in 2014 such practices are no longer allowed in the fully insured health insurance marketplaces and so a totally different risk pool is being created and we are essentially working on the assumption that expanding access to care will correlate with improved health care outcomes . As health care reform is easing access for some segments of our population that may have been on the outside looking in in the past , it is also raising premium costs and out-of-pocket expenses to levels that are either forcing some previously insured persons out of insurance coverage or significantly raising the out-of-pocket expenses they must incur before their coverage kicks in which may deter some people from seeking needed treatment . For this reason the jury will be out for some time as to whether our current health insurance reform efforts will yield improved health for the general population . A person can have the best health insurance possible but if the individual does not take responsibility for managing their health -LRB- smoking cessation , weight management , exercise , etc. -RRB- their overall health status is unlikely to improve . "}
{"input": "How Much Should I Spend On Disability Insurance? ", "output": "A disability experience can ruin a persons financial condition in a very short period of time . Most Americans will experience a disability in their working life . That period of disability averages 30 months . Moat Americans have 90 days of cash reserves . If youre a midlife nonsmoker with good health you may pay 5-8 % of your compensation for disability insurance . "}
{"input": "How Much Should I Spend On Disability Insurance? ", "output": "What you spend on disability insurance should depend on a combination of you financial needs and you personal budget . A disability policy is designed to replace lost income , so of course , the future of your health must be considered . There is no easy way to calculate your specific need since everyone 's budget is different and unforeseen changes always seem to occur . It is always best to consider each person 's situation individually , instead of making a general recommendation . An experienced full-time broker or financial planner is positively the best resource to help you determine the correct type of policy to purchase and from what carrier . The broker will shop all of the top-rated companies for you and review the specifics of the best options . "}
{"input": "What Are The Benefits Of Long Term Care Insurance? ", "output": "Some benefits of Long Term Care Insurance are : protection of your estate , having choices in meeting your long term care needs rather than having to take what Medicaid dictates , peace of mind that comes from knowing you will not be a burden to your family if even unable to care for yourself . "}
{"input": "Is Disability Insurance A Good Deal? ", "output": "Disability insurance is a major part of defensive planning . Without income protection , most will have great difficulty making ends meet . The number one asset you have is the ability to produce income . Disability insurance is paycheck insurance if you cant work . Most American workers have 90 days in cash reserves . The average disability is 31 months . The odds are much greater that youll experience a disability event than dying . "}
{"input": "Does Home Insurance Cover Wind Damage To The Roof? ", "output": "Generally speaking , your homeowners insurance will coverage wind damage . There are instances where this wo n't be the case , but there would normally be a specific exclusion in your policy that says it does n't cover wind damage . I would recommend speaking to an insurance professional to ensure that the damage will be covered by your policy . "}
{"input": "Is Lunesta Covered By Medicare? ", "output": "Lunesta is a type of prescription medication , generally used to treat insomnia . Since it 's a medication , you would need to look at your Medicare prescription drug coverage -LRB- Part C , Medicare Advantage with drug coverage , or your Part D standalone prescription drug plan -RRB- formulary to see if it 's covered . A formulary is the list of medications covered by your plan . "}
{"input": "Is Long Term Disability Insurance Necessary? ", "output": "Is long term disability necessary ? Again these kind of questions fall to individual and what they need . Again Disability insurance is income insurance . If your income is not effected by being unable to work -LRB- passive income -RRB- then a Long Term Disability policy may not be necessary . How long could your disability be ? Who knows ? it has n't happened yet . Figuring how long you want coverage to run or what options you want is a risk that you decide . Carrying no risk is really expensive , no doubt about that . Carrying some risk , will cost a few dollars as well . Assuming all risk may work for a person too , but . . if it does n't well this where you read about people losing everything . Insurance is sharing risk with another entity . How much and how long is up to you . "}
{"input": "Is Long Term Disability Insurance Necessary? ", "output": "If you need your paycheck to pay your bills and maintain a desirable standard of living , disability insurance is probably necessary . If you became disabled and unable to work for more than several months , it could take a year to get on Social Security Disability , and the benefit amount is very low . In addition , if you can work at `` any '' job , you may not qualify for SSDI . By contrast , long term disability insurance can pay you more , the waiting period is usually only 3 months -LRB- whatever you specify in your policy -RRB- , and if you have the `` own occupation '' feature on your policy , you will collect the benefit even if you can work at `` any '' job , but just can not perform YOUR job . In light of those facts , most people would consider long term DI an necessary expense . "}
{"input": "Does Renters Insurance Cover Hurricanes ", "output": "A renters policy provides coverage for damage that is the result of a covered peril . Since there is a wide variety of forms this can not be answered for every case , however , most policies list windstorm or hail right after fire and lightning . These are the fundamental coverages contained in most policies . The coverage has some limitations . The company will normally not pay for loss to property inside a structure , caused by dust , rain , sand , sleet , snow or water , all whether driven by wind or not , which enter through an opening not made by the direct force of wind or hail . The company is not likely to pay for the loss to watercraft and their trailers unless inside a fully enclosed building . Smaller water craft normally have coverage . If your property damage is subject to ordinance or law , such as a connection for an appliance , there might be a limitation on the increased cost of replacement that comes because of that law or ordinance . If the hurricane causes landslides or erosion , damage to your personal property arising from that movement of land might not be covered either . The same is true if the damage comes from flood water or tidal waves . This exclusion applies whether it is caused by wind or not . If the hurricane interrupts power supply the insurance company probably will deny coverage on any loss that result from that cause , for example rotting food in a freezer . If you are running a business out of your apartment , the company will probably exclude any loss that comes from that business to include interruption because there isnt power or people can not reach your apartment . The chances are quite good that if a hurricane strikes your apartment , that your renters policy will replace your property up to the limits of the policy . This is when you find out how good your coverage is . If you have appropriate limits you could be fully restored , minus the deductible . It is very important to have the correct limits for coverage on your renters policy . To make sure that you have adequate coverage take a picture of everything that you own inside your apartment . Then make a chart showing the property and the estimated cost of replacing the property . When you add up that list you will have the amount of coverage you should set as a limit for your policy . The pictures and estimates should be stored off-site in case that hurricane becomes a reality . Hurricanes often result in a loss of life . While that might seem remote , this might be a good time to consider what will happen to those that you leave behind . A quick inventory of debts would be a good thing to have handy . If you can eliminate debts and pay for final expenses you would be a great help to those that you love . Every weekend we see people on street corners seeking donations or offering car wash services so they can pay the expenses for a loved one . It is sad but it can be avoided with just a small amount of planning . "}
{"input": "Does Medicare Cover Insulin Pump Supplies? ", "output": "Yes , Medicare does cover insulin pump supplies under Medicare Part B . If the Medicare patient uses syringes or pen for diabetes , rather than a pump , those supplies are not covered by Part B but are covered by Part D . The diabetic person using the insulin pump must have type 1 diabetes , or hard to control type 2 or gestational diabetes . "}
{"input": "What Does A Basic Renters Insurance Policy Cover? ", "output": "A good renters insurance policy will cover your personal belongings for fire , lightning , wind , vandalism and other named perils as well as theft and liability . It covers everything but the building and items owned by the building . It is the landlords responsibility to cover those . There are some basic fire policies that are more limited in nature so make sure you know what you are buying . "}
{"input": "Does Homeowners Insurance Cover Vandalism? ", "output": "Homeowners Insurance is most often written on Form HO-3 ; the Form HO-3 Homeowners Special Form does include damage from the perils Vandalism and Malicious Mischief . The coverage will apply to the Dwelling and Detached Structures covered by the policy ; however , the deductible will apply . On the other hand , if only Basic Fire Coverage is purchased , sometimes known as ` Fire & Lightning ' , there would be no coverage afforded for damage caused by vandalism . This would apply to forms HO-1 or DP-1 which are the most basic forms of coverage available for single family residences . It is important that you review your specific insurance policy to assure that you are certain of what is covered ; also , you may contact a company representative for a detailed review of your policy ! "}
{"input": "What Is A Life Insurance Wrapper? ", "output": "A life insurance wrapper is a terrible metaphor for the tax advantaged features of a life insurance policy that allows crediting methods like interest rates , indices and separate subaccounts using equities and bond investments . Life insurance accumulated tax deferred and a TAMRA compliant non modified endowment policy can generate tax free income provided that the life insurance policy is kept in force the life of the insured . The life insurance wrapped around the crediting method is the marketing approach here . "}
{"input": "What Does 10 Year Term Life Insurance Mean? ", "output": "10 year term life insurance means that the policy will stay the same price for 10 years , then either end , or jump way up in price . Some policies offer a rider to extend the policy beyond 10 years at an additional cost . Normally , after the 10 years of a 10 year term life insurance policy are up , the insured person must apply for a new policy at rates appropriate to their older age and health at that time . Or else they may be able to convert their policy to permanent insurance before the 10 year term ends . The permanent insurance is guaranteed to have the same health rating as the term did , and priced according to the age of the insured at the time of conversion . "}
{"input": "How Much For Full Coverage Car Insurance? ", "output": "The only way to find out is to request an actual quote , there are too many variables for anyone to be able to give you a price unless you request a quote and give them all your information . Also , it 's important to understand that there 's no such thing as `` Full Coverage '' . There is Liability coverage which covers you in case you damage someone 's property or injure another person . There is Collision coverage which pays for repairs to your vehicle in case of an accident . There is also Other Than Collision coverage which pays for repairs to your vehicle in case something other than a collision happens . When people say `` Full Coverage '' they 're usually referring to a combination of Liability , Collision , Comprehensive and a few other overages . "}
{"input": "How Much For Full Coverage Car Insurance? ", "output": "As I illustrated recently to a class of high school freshmen , that is really a complicated question but let me clarify full-coverage first . Insurance agents only use that term when someone else introduces the subject . We know that full-coverage does not mean that the insurance company will make everything right all the time . Policies have limits , claims are adjusted and there are a great many places where there could be misunderstandings . An insurance policy has two major sections , liability and property damage . Many people think that if they have coverage in both sections they have full-coverage . If they cause an accident and people are injured , they might well be sued . The liability portion of the policy will stand between them and the injured party until the judgments and expenses exceed the liability limits written in their policy . These limits can range from $ 15,000 to over $ 1 million . So if someone is injured and sues and wins a judgment in the amount of $ 50,000 , your full-coverage policy might not meet your needs and the court might be looking at your other assets to satisfy the judgment . A similar disagreement can arise with property damage . This is settled on actual cash value , unless you have a rare policy with agreed value coverage . There are two problems which present themselves . You might really love your little Ford Focus that you bought two years ago and when it is damaged disagree with the adjuster on the value of the car . When the car is inspected the adjuster may decide that the car can not be repaired economically . The adjusted value presented will probably be less than you expected because there is a deductible which will be taken out of the settlement . Again , your full-coverage policy may not cover you in the way that you want . However , you asked about cost and in California the cost is dependent on the year , make and model of the vehicle , where the vehicle is registered , the driving record of the members of the household , the annual mileage of the vehicle , and then the coverages that you select . Companies offer discounts and sometimes assess penalties based on driving histories , other types of coverage , the occupation of the principal operator and other factors . The answer to how much it costs is , it depends . "}
{"input": "Can A Life Insurance Policy Be Used As Collateral? ", "output": "It will depend on the type of policy you own . Term Insurance policies have no cash value and offer pure insurance coverage . If you purchase whole life or universal life insurance there is a cash accumulation account associated with the policy . This cash value is actual cash that is available to the owner -LRB- less any fees to cash policy in -RRB- . These cash funds can be used in certain situations as collateral for a loan . "}
{"input": "Can A Life Insurance Policy Be Used As Collateral? ", "output": "The SBA -LRB- Small Business Administration -RRB- does often require life insurance as collateral for a loan . If they loan is short term , they will take life insurance policies as short as 10 year term or less . You fill out a collateral assignment form that designates that they will get the amount owed to them , should you die . Then your beneficiary will get the rest . "}
{"input": "Can You Drive Without Car Insurance In Colorado? ", "output": "Driving without car insurance in not a smart idea . Colorado requires drivers to carry insurance limits of $ 25,000 per per person , $ 50,000 per accident for bodily injury , and $ 15,000 per occurrence of property damage liability . If you get caught driving without insurance , the police can arrest you and impound your car . The court can impose additional fines and requirements , or restrict your ability to drive . Contact a local agent to discuss your auto insurance needs . If you can not afford full coverage , let them know that . It is better to have the state minimum requirements and be able to pay for the coverage , then no coverage at all . Let us know if their is anything we can assist you with ! "}
{"input": "Is GST Applicable To Life Insurance? ", "output": "By GST I 'm assuming you are referring to Canadian Good 's and Services Tax . If this is the case , the answer is no . As of current legislation Canadian Goods and Services Tax does not apply to life insurance purchases . Ontario , however , does add a provincial sales tax to life insurance transactions . "}
{"input": "How Much Does Life Insurance Cost For A 40 Year Old? ", "output": "This is a great question , Life insurance premiums vary depending on a number of things such as gender , insurance company , type of plan , riders you may want , amount of insurance you want , if there are any health issues , etc. etc.etc . You can contact us for a personalized quote if you are in one of the states that we are licensed in . "}
{"input": "Which Dogs Raise Home Insurance? ", "output": "Rather than raise rates many companies restrict coverage . For example , the company might completely exclude coverage for personal injury or loss that comes beause you own a pit bull , Doberman , or Rottweiler . If you have an animal that has a history of biting , you will probably find that animal excluded as well . The company may also limit the amount that they will pay for any claim coming from the bite of any animal . "}
{"input": "Which Dogs Raise Home Insurance? ", "output": "Most companies have a prohibited dog list . If you have one of these dogs listed below most home insurance companies will either not write the policy or issue a notice of non-renewal if discovered . If you have an animal liability endorsement , the coverage more than likely will not cover any prohibitive dog claim . Animal liability or `` dog bite '' liability will cover your dog that is not on any prohibitive list and has no bite history . Take a look at the list from one of the companies we represent . Akitas American Bulldogs Beaucerons Caucasian Mountain Dogs Chow Chow Doberman Pinschers German Shephards Great Danes Pit Bulls Rottweilers Staffordshire Terriers Wolf Hybrids This not a general list for all homeowners insurance companies . Each company may have their own list of prohibitive dog breeds . If you own a dog , it is best you first check your policy to determine if your homeowners policy covers any animal liability claim and if so , what is the sublimit of liability ? "}
{"input": "What Is A Good Health Insurance Plan In Virginia? ", "output": "A good health insurance plan is the plan that will best serve your specific needs . Suitability is an important factor in figuring out which plan is best for you . Two questions that are helpful in pointing you in the right direction to find the plan type that 's best for you are : 1 -RRB- do you want the most comprehensive coverage you can get or are you willing to take on a larger share of the risk/costs to keep your premiums down ? 2 -RRB- what is your budget ? maximum dollar you 're willing to spend ? Under the Affordable Care Act , there are four main benefit levels - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may also want to see if group coverage is available through your employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or your employment was terminated , you lose the coverage . An individual plan will stay with you wherever you go . It 's always helpful to consult with an experienced broker regarding your coverage . We have in-depth knowledge of products from multiple carriers and work on a personal level with our clients and help them find the coverage that will best serve their needs . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much ! "}
{"input": "What Is A Good Health Insurance Plan In Virginia? ", "output": "A good health insurance plan in Virginia is any plan that covers your medical bills ! Health insurance is very complicated and cheaper is not always better . Here are some tips when comparing different health insurance plans . First , make sure your doctor is part of the insurance network . Second , choose a deductible and co-insurance percentage you can afford . Third , check the co-pay and find out the maximum out of pocket expense . The maximum out of pocket expense is the most you will pay in any one year . Once you have this information you can compare rates and select a plan that 's right for you and your family . "}
{"input": "What Does Life Insurance Per Unit Mean? ", "output": "`` Life insurance per unit '' is the cost of life insurance per thousand dollars of coverage . Child Riders are priced per unit . E.g. a $ 10,000 child rider may cost $ 60 per year , or $ 6.00 per unit . Flat extras are also charged by unit . The insurance company may add on $ 7.50 per unit of life insurance for 3 years after having surgery for prostate cancer . For a $ 100,000 policy , that would add on $ 750 per year , but then the flat extra would drop off after three years and the policy would cost $ 750 less . You can also price your own policy if you know the cost of one unit of life insurance . E.g. . If you are buying a final expense policy that costs $ 50 per unit , a $ 10,000 policy will cost $ 500 per year . "}
{"input": "Can A Veteran Get Life Insurance? ", "output": "A veteran who is no longer in active service can purchase the same life insurance as anyone else , based on age and health requirements . There is also military life insurance for veterans , but it has strict conditions -LRB- you can see those by searching on the word `` veteran '' on this website -RRB- . "}
{"input": "Can A Veteran Get Life Insurance? ", "output": "Depending upon each life insurance companys definition of war or war exclusions as well as the status of military service , i.e. active , reserves or retired will determine the ability to secure life insurance coverage . However , with the exception of these disclaimers , you should be treated like other potential insured applying for life insurance . "}
{"input": "Can I Buy Health Insurance Just For My Child? ", "output": "You can buy health insurance for just your child . Rates will be very inexpensive , unless there are major health conditions . Coverage may be limited since many carriers only issue short-term plans on child-only policies . However , beginning in October , Open Enrollment for 2014 plans will begin and many more options will become available . An experienced broker can help you select the best plan at the most affordable price . "}
{"input": "How To Avoid Paying Taxes On Annuities? ", "output": "Deferred or single premium immediate annuity policies only delay taxes , they dont avoid taxes . Even artful tactics in ownership with trusts or split annuitant strategies ultimately pay taxes . You could give an annuity to a charity outright and you would n't pay taxes , but youd have no asset either . Annuities only stall the inevitable tax event . But they are advantages to deferring taxation and that is where the planning begins . "}
{"input": "What Does The Insurance Company Do When Your Car Is Stolen? ", "output": "If you car is stolen and not recovered then the insurance company , providing you have comprehensive coverage , will determine the actual cash value of your vehicle and then write you a check for the stolen vehicle . You will have to relinquish the title over to the insurance company . If you had a loan on the vehicle the loan will be paid off first and you will receive what ever is left . If you do not have comprehensive coverage then you have no coverage for the loss . If you car is recovered then it will be determined if the car is repairable or a total loss depending on the condition the car is found in . Most insurance companies will wait 30 days to see if the car is recovered or not then just call it a loss at that point if the car is not recovered . "}
{"input": "How Many Claims Before Home Insurance Cancels? ", "output": "This may differ by state , but here in Michigan the Guideline is 3 claims , over $ 1,500 , non weather related , within 3 years . Some companies may be a little different , but that 's a good baseline . Insurance companies do n't really have problems with weather related claims or big claims . The thing that hurts an insurance company 's bottom line is frequency , not severity . "}
{"input": "How To Evaluate Health Insurance Plans? ", "output": "Obamacare has eliminated most competition in SC and with the regulations of the plans all plan choices are the same . However , deductibles , copays , and coinsurance are the key factors in evaluating the affordability and the value of the plan to each individual or family . ACA plans that are not on the federal exchange such as United Health One have some differences like an HSA plan that is not available on the exchange . Now , you can step outside of the approved Obamacare guidelines and find a plan that offers great protection at a lower premium while accepting the penalty imposed by the Feds for that `` terrible '' decision . For more information on truly affordable plans outside of Obamacare call Ron Hinch , The Hinch Financial Group @ 843-450-9879 ' "}
{"input": "What Is Physical Damage Coverage In Auto Insurance? ", "output": "Physical damage is damage to your vehicle . If the damage is sustained in a collision , the applicable portion of an auto policy would be the collision coverage which repairs your vehicle after you meet a stated deductible amount . If the car is damaged by other means , the coverage applicable is called comprehensive . It works the same way but generally has a different deductible amount stated . "}
{"input": "What Is Physical Damage Coverage In Auto Insurance? ", "output": "There are two primary elements of coverage provided in a typical car insurance policy . One element is Liability coverage which provides protection for you if you cause injury or damage to someone else or their property . The Physical Damage element provided Collision as well as non-collision -LRB- Comprehensive -RRB- damage coverage for your car . "}
{"input": "How To Shop For Long Term Disability Insurance? ", "output": "How to shop for long term disability care insurance ? First start with a group of companies to compare from . Then READ the plans . The most important anything in a disability policy is the definition of what is disability . It does n't matter how long or how much if you never met the definition of disability stated inside the policy . The cheapest premiums with the highest payouts mean nothing if you never meet the policy 's definition . "}
{"input": "How To Shop For Long Term Disability Insurance? ", "output": "You can shop for long term disability insurance over the internet , phone , or by going to an office that sells disability insurance products . A good place to find an agent would be to read answers from agents answering disability insurance questions on this website . I would ask them if they sell with more than one company , so that you do n't have to visit multiple websites to get a variety of quotes . They will need to ask you health and occupation questions in order to match you up with a product you can qualify for , and to get you the best price . "}
{"input": "Can You Get Life Insurance With Cancer? ", "output": "While in the midst of cancer treatments , the only type of Life Insurance one can get is Guaranteed Issue . Since there are age limits on guaranteed issue life insurance -LRB- minimum age is usually 45 +0 -RRB- , and since it is not available in every state , not everyone can get coverage while having cancer that is not yet removed , cured , or in remission . After a year or two of being cancer free , there are several simplified issue policies that are available in addition to guaranteed issue , and some of these will work for persons under age 45 . The farther out from the time of being last treated for cancer , the better the chances of getting a regular life insurance policy . The type and stage of cancer also enter in . To find out whether you can get life insurance as a cancer patient or survivor , call an agent who can walk through the questions with you and who has an arsenal of policies to choose from . Get one locked in now , and hopefully you can find a cheaper one in the future . "}
{"input": "Can I Pay Auto Insurance With A Credit Card? ", "output": "That is going to depend on your carrier . To the best of my knowledge there are a few carriers out there that will accept payment through a credit card . Many carriers still prefer payment to be in the form of a check or by debit card . Contact a local agent to discuss the payment options that they have available with the carriers that they work with . "}
{"input": "What Kind Of Annuities Are Out There? ", "output": "There are many different kinds of annuities offered by many different insurance companies . Each annuity has its own features . I typically group annuities into four main categories . Immediate Annuities : This is an annuity that begins a payment stream upon purchase or shortly thereafter -LRB- within a year -RRB- . The payment is guaranteed for a period of time or for a lifetime -LRB- or lifetimes in the case of a joint payout -RRB- . Variable Annuities : This annuity has tax deferred growth that is based on the performance of the sub-accounts within the contract . The owner of the annuity can choose which accounts to allocate their funds . The performance of the annuity can be either positive or negative so an owner is assuming some level of investment risk . Fixed Annuity : This annuity has tax deferred growth that is set for a fixed period of time . The interest rate of the annuity is usually set at the purchase date but can be adjusted at a later date in some contracts . The performance is usually a known outcome and highly dependent on the length of the annuity contract . Indexed Annuities : This annuity has tax deferred growth that is based on the performance of an particular index -LRB- es -RRB- . The owner can choose which index -LRB- es -RRB- to allocate their funds such as the S&P , but their funds are n't actually invested in that index . The index is only used to determine the performance . The performance of indexed annuities are usually only zero or higher with a limit on the upside known as a `` cap . '' These are general definitions and are by no means suggesting which is better or more appropriate for any situation . My recommendation , if you are interested in learning more about annuities , is to speak with a professional licensed to describe the pros and cons of each annuity type based on your particular situation . "}
{"input": "What Does Obamacare Mean For Nurses? ", "output": "Typically , nurses purchase their own health insurance -LRB- unless they work for a hospital or other large company -RRB- . Since rates are expected to increase -LRB- perhaps dramatically in some areas -RRB- , nurses will feel the brunt of higher prices . A new federal tax subsidy will help reduce rates for those that qualify . And of course , nurses , like everyone , must now buy health insurance . It 's the law . "}
{"input": "What Does Obamacare Mean For Nurses? ", "output": "What does obamacare mean for nurses ? From an health insurance point of view . the same for just about everyone . Note : my opinion here . Professionally , obamacare will mean a much harder job as I think hospitals will cut staff and pay . There will not be a bonanza of new jobs or money with Obamacare as the only way to get it to work is reduce costs and there will be downward pressure . "}
{"input": "Why Should You Buy Long Term Care Insurance? ", "output": "People usually buy long term care insurance so that they can have the money to make choices for their own care ; so that they can save their resources for spouse or heirs ; and/or so their relatives do not worry about what will happen to Mom , Dad , Grandma , or Grandpa if they can no longer can care for themselves . "}
{"input": "Why Should You Buy Long Term Care Insurance? ", "output": "Statistics show that 70 percent of people who reach age 65 will have a need for long term care . By having long term care insurance , you can ensure that your family wo n't have to pull from their savings to help pay for you care should you need become unable to perform one of the activities of daily living -LRB- brushing your teeth , bathing , feeding yourself , etc. -RRB- and need to receive care -LRB- nursing home , in-home care , hospice , etc. -RRB- . "}
{"input": "Who Can Apply For Medicare At Age 62? ", "output": "If you 're not turning at least age 65 , you can only go on Medicare if you 're disabled or have ESRD -LRB- end-stage renal disease -RRB- and meet the under 65 Medicare qualifications . If you 're under 65 and qualify for Medicare Parts A & B , I would suggest looking into securing a Medicare supplement and Part D prescription drug plan or a Medicare Advantage plan . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "What Is A Rolling Target Life Insurance? ", "output": "Rolling target just refers to an agent compensation method for universal life insurance programs . It 's not a type of life insurance coverage . The commissions agents earn on their sale of a universal life product are based on the `` target premium '' of a policy because universal products feature flexible premiums . I hope the information is helpful - please feel free to contact me with any other questions you may have . Thanks very much . "}
{"input": "What Is A Medicare Item Number? ", "output": "Medicare Item Numbers are used in Australia to identify the Medicare benefit owed to the recipient . You can visit MBS Online to enter a Medicare item number to see your benefit at WEBSITELINK . The Medical Benefits Schedule is part of the wider Medicare Benefits Scheme managed by the Department of Health and Ageing and administered by the Department of Human Services of the Australian government . "}
{"input": "What Does Health Insurance Protect You From? ", "output": "In the most basic terms health insurance protects you from large medical claims that would or could destroy your finances . Most policies are written with protection that limits the insureds maximum risk during a plan year . Health insurance protects you from financial loss by assuming a large portion of the risk in trade for premium . "}
{"input": "What Does Health Insurance Protect You From? ", "output": "Health insurance does not protect you from getting sick or injured in an accident . People buy health insurance for different reasons , but the main reason is for financial protection . Small claims , such as routine doctor bills and most maintenance drugs can be paid out of pocket . There is no reason to buy a policy for routine expenses . The more important reason for buying a major medical plan is to cover large medical claims , the kind that could cause financial ruin . In evaluating major medical policies make sure you understand the way the plan works , paying particular interest to the deductible and out of pocket limits . You should also buy a plan that covers all brand name drugs , not just generics . "}
{"input": "Who Qualifies For Medicare Part B? ", "output": "If you meet the qualification for Medicare Part A you will also qualify for Part B . If you have worked in the Social Security system for at least 10 years , are a US citizen or legal resident for at least 5 years and have attained age 65 you can qualify for Medicare Part A and B. "}
{"input": "Is It Illegal To Not Have Health Insurance In New Jersey? ", "output": "No it is not illegal to not have health insurance in New Jersey . Under the Patient Protection and Affordable Care Act of 2010 -LRB- PPACA , aka Obamacare -RRB- there will be a federal mandate to acquire health insurance that will result in penalty taxes imposed on income for individuals who do not acquire health insurance . The extent of this penalty tax will decrease over the course of the next several years . "}
{"input": "Is It Illegal To Not Have Health Insurance In New Jersey? ", "output": "That is a great question ! While it is not technically illegal to not have health insurance coverage , the Affordable Care Act -LRB- Obamacare -RRB- does impose penalties on those who choose to remain uninsured . The purpose behind having people insured is to greatly lower the costs of health care . When someone without insurance seeks medical care , the cost for that treatment is passed on to all the other people who seek treatment in the form of higher prices . Insuring them returns that cost to them , and the insurance company . Also adding more healthy people to the pool lowers costs , as there is more money going in , and less going out , lowering costs . I hope that helps , thanks for asking ! "}
{"input": "Is It Illegal To Not Have Health Insurance In New Jersey? ", "output": "No . Under the affordable care act , if you do not want to have health insurance , you can elect to pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . I hope the information is helpful - please feel free to contact me for help with your coverage or if you have any other questions . Thanks very much . "}
{"input": "What's A Deductible For Car Insurance? ", "output": "A deductible , regardless of the type of coverage you have , is the amount you pay in the event that you need to file a claim with your insurance company for a covered loss . A deductible choice has a direct effect on the price that you pay for the coverage in that the higher the deductible -LRB- meaning the amount of risk that you are willing to accept for yourself -RRB- the lower the premium you will be charged for the insurance coverage . "}
{"input": "What's A Deductible For Car Insurance? ", "output": "A deductible on car insurance can apply to either collision or comprehensive coverage . It represents the amount that you are responsible for when a claim is filed . For example , if an at-fault accident causes $ 4500 of damages , and your deductible is $ 250 , the insurer would pay $ 4,250 and your portion would be $ 250 . A fairly simple concept is n't it ? "}
{"input": "What's A Deductible For Car Insurance? ", "output": "A deductible by definitionis the amount you must pay before benefits `` kick in '' and begin paying.The deductible amount can vary by policy . For example , if you have a $ 500 deductible and want to make a claim , you must pay the $ 500 before the insurance carrier pays it 's share of expenses related to the claim . "}
{"input": "What To Look For In Renters Insurance? ", "output": "The key to purchasing a renters policy is to understand what your exposure might be . Take pictures of everything in your unit that belongs to you , including your clothing , appliances , dishes etc. . Then review the photographs listing the items and their replacement cost . Add the list of replacement costs and you will have the amount of personal property that you have at risk in your unit . I suggest you then meet with an insurance agent and discuss the best way to cover that risk . A claim is not the best time to discover that you are underinsured . Always select the highest possible liability limit . A lawsuit can ruin your weekend . "}
{"input": "How do I know what conditions are covered on a critical illness plan? ", "output": "Great question ! The basic illnesses will be covered by almost all plans , but there are differences from company to company . The conditions under which they are covered and amounts paid out can vary also . I would tell you to look at the policy carefully , and if you do n't have it handy , contact the agent or company that sold it to you . They can tell you exactly what is covered by your policy . If you are looking into purchasing one , please shop carefully , or find a trustworthy agent to guide you through the selection process , to find the best fit for your needs . If I can help any further , please contact me , I 'd be happy to help.Thanks for asking ! "}
{"input": "How do I know what conditions are covered on a critical illness plan? ", "output": "I am a huge fan of Critical Illness plans -LRB- CI -RRB- . So I 'm happy to add to the great comments above . What is covered is always defined ... . yet there are a few `` twists to look for '' . Most CI plans have moved to a `` multiple bucket '' philosophy . Most cover the `` Big Three '' critical illnesses : Cancer , Heart Attack , & Stroke . What you have to understand is if the policy is a `` One and Done '' or a `` Multiple Bucket '' plan . One and Done means that once the benefit is paid out for one CI , then the policy terminates . Diagnosed with cancer , you get the check , but there is no benefit for hart attack or stroke . A multiple bucket policy usually has a benefit for different categories -LRB- buckets of money -RRB- : Heart/Stroke , Cancer , Other . So you could be diagnosed with cancer & a benefit is paid . Then the stress gives you a heart attack & a benefit is paid . Then after all that , some `` other CI '' happens and you get a 3rd benefit . ALSO consider what the definitions are WHEN a benefit is paid . Consider an Organ Transplant benefit . Does it pay upon diagnosis and being added to the national registry or does it pay when the physical transplant is completed ? That 's a biiiiig timing difference . Also consider the `` Carcinoma in Situ '' definition and benefit amount . That 's when cancer is isolated to one tissue type -LRB- general definition -RRB- . Being smaller & localized , a Carcinoma in Situ is generally `` not as dangerous or life threatening '' . I believe all CI plans with a Carcinoma in Situ benefit pays only a percentage of the full benefit . So if you have a $ 10,000 cancer bucket , yet it 's Carcinoma in Situ , do you get 10 or 25 % of the full benefit ? Hmmmmm . OR ... does the CI plan your agent is offering even have an in Situ ??? Most have in Situ benefits . Just double check . If you trigger the in Situ benefit know that you still have the remaining percentage left in case the cancer spreads . Usually called invasive cancer . If you received $ 2500 out of your $ 10,000 when it was in Situ , you still have $ 7500 in your `` bucket '' in case things get worse . Look at the riders -LRB- additional benefits too -RRB- . Return of premium upon death -LRB- other than a named CI -RRB- or return of premium after a named period of time , Mortgage payment , accident benefits , hospital benefits , and children 's benefits are riders offered by various carriers . Weigh the cost vs. the benefit based on YOUR specific needs . PLEASE consider coverage for your children . I know that if one of my girls was living in a children 's hospital fighting cancer , I 'd also live there . The cash injection can be financially life saving . HOPE all this helped ... - gravy "}
{"input": "How do I know what conditions are covered on a critical illness plan? ", "output": "The marketing brochure for the critical illness product you are looking into should clearly state which specific critical conditions are covered under the policy and any situations that might trigger a partial payment under the policy . For example , generally , critical illness policies will at least cover heart attacks , strokes , certain organ transplants and usually cancer . Depending upon the company and the policy it markets there may be other conditions it covers or there may be situations where certain conditions will trigger only a partial payment of the policy 's face amount . You should carefully study the marketing materials you are presented , ask for clarifications of how the policy will work in any circumstances you have any questions about and , if possible , you might want to do some comparison shopping . All critical illness policies are not created equal and there coverage , benefit amounts and costs can vary significantly from insurance carrier to insurance carrier . "}
{"input": "How do I know what conditions are covered on a critical illness plan? ", "output": "In the U.S. , covered medical events in a critical illness plan are plainly listed in each policy . So if you have such a policy , read it carefully and do n't buy critical illness in the states until you have first read what it covers because the trigger points vary by company . "}
{"input": "How do I know what conditions are covered on a critical illness plan? ", "output": "In Canada , the basic conditions cover by insurance companies are similar . Some companies offer enhanced coverage . If you own a critical illness policy then the conditions would be listed in the policy document . If you are trying to decide which policy to choose . I suggest you contact an independent insurance broker to help you decide . If you want to do some basic research on your own many companies have a list of the conditions they cover on their web sites . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "How do I know what conditions are covered on a critical illness plan? ", "output": "Critical illness policies are very specific on the afflictions they cover . Every marketing brochure will list each illness and the percentage of claim to be paid for each illness . The six most common are usually covered by all policies and there are many different carriers that add various critical illnesses to the list . I have seen as many as fourteen . Be sure when comparing coverage that it covers as many as possible for the most affordable premiums . Critical illness is a very affordable way to protect yourself in case of a major potentially career ending illness . Especially , if you can not afford a good long term disability insurance plan . "}
{"input": "How Should I Buy Life Insurance? ", "output": "The first step in buying life insurance is to determine how much coverage you need , what type of insurance will work best for your needs , and how much it will cost . With life insurance you can not just pick out the policy with the features that you like . You must qualify medically , and your overall mortality risk -LRB- or lack thereof -RRB- determines your rate . What company you use and the type of policy you choose also figure into the premium you will pay . So the best way to buy life insurance is to talk to an agent who can help you determine how much you need , explain what types of policies work best for that need , and then shop around to find the best rate for which you qualify . Good life insurance agencies stick with you and guide you through to the time when the policy you want is in your safe , ready to go into action if tragedy strikes . While a life insurance agent is the last person most people wish to consult , in the end , most policies require an agent as the middle person , anyway . Starting out by calling an honest agent can make the process very simple and help you save hundreds of dollars . "}
{"input": "How Should I Buy Life Insurance? ", "output": "Life insurance is very personal . Most people need an advisor that they trust . A trusted life insurance agent is the source of information and advice that you probably require . If you havent established that relationship get recommendations from friends , colleagues or neighbors . The good agent will listen carefully to you and provide solid financial advice . There really isnt a one way approach that meets every persons needs , so trust the agent to guide you . "}
{"input": "How Should I Buy Life Insurance? ", "output": "The best way go get Life Insurance is to find the best company that can fit your needs financially . Many companies are perfect fits and have product bases stronger than the other . I deal with many companies and can indicate the . best coverages for anyone . It is always best to speak with an agent for better advice . Some factors to determine will be future financial needs , age , health , and daily living habits . Most important is to determine an estate or pay for high funeral costs that may occur in the event of sudden mishap or the passing of any insured . "}
{"input": "How Should I Buy Life Insurance? ", "output": "My first bit of advise regarding HOW one should go about buying life insurance is to do a little research . The better informed you are about providers and the types of policies , the better chances are that you 'll get the best policy for your needs and goals . Of course that will necessitate that you have a good handle on exactly what your needs and goals are ! But there may be some living benefits connected to some policies that you are n't aware of , such as the cash value and wealth growth potential of Whole Life with a mutual company - not to mention the tax benefits . So you should confer with an experienced Insurance Adviser who will be able to help you determine your needs and goals , answer questions about insurance companies you are considering , and help you to implement the best policy for you . One question you may find important to get the answer to is how the provider you 're considering handles policy loans . For some enlightening information on that topic please read the article at : WEBSITELINK "}
{"input": "Will I Be Drug Tested For Life Insurance? ", "output": "Not every life insurance company requires a drug test on every policy . Each provider has different underwriting criteria and rules . The policy size and your age at time of application determine the type of medical testing that may be required . A small policy may be simplified issue : just answer a short list of medical questions . A very large policy will require lengthier questions , along with blood and stool samples . "}
{"input": "Will I Be Drug Tested For Life Insurance? ", "output": "Medical underwriting seems to be disappearing . Companies can not justify the cost . When you buy a high amount of life insurance you can expect that the company will require a blood specimen . That would possibly detect drug use . Many insurers today are asking for a list of medications and based on that information they are able to formulate a good profile of you . If you are prescribed a drug that is associated with addictive behavior that could be a red flag . "}
{"input": "Will I Be Drug Tested For Life Insurance? ", "output": "Only policies that use medical underwriting will test you for drug use through a blood and/or urine test . Simplified issue policies do not order blood tests , but they usually do ask about drug use on your life insurance application . Guaranteed issue life insurance does not ask about drug use on your application , nor does it test for it . However , the minimum age for guaranteed issue life insurance is usually at least 40 years old . If the drug use that you are referring to is marijuana , that generally is not a problem , if you apply with the right companies . Using marijuana after a recent DUI or after treatment for addiction is problematic . And of course , using cocaine , meth or heroin makes it difficult to get all but the most lenient -LRB- and therefore , most expensive -RRB- of life insurance policies . Talk to a life insurance agency that you can trust to find out what type of policy is workable for you , at the lowest possible price . They are bound to privacy and no insurance company will see your name unless you actually apply for the policy . "}
{"input": "Will I Be Drug Tested For Life Insurance? ", "output": "A drug test can be your best friend when you apply for life insurance . If you smoke pot on a casual basis , and have been prequalified for non-smoker rates , then a clean drug test on your insurance exam will prove you are true to your word . Let 's suppose you used cocaine in the last year under highly exceptional circumstances , and your broker was able to get you underwriting leniency from a carrier . Their offer would be contingent upon a clean drug test now . If you you still use drugs , then you should consider one of the simplified issue policies referenced above . The only problem is that the total amount of coverage for which you will qualify will be comparatively small . If you need more substantial coverage , then there is a small possibility an excess-market carrier will take you . These underwriting syndicates specialize in extreme risks . "}
{"input": "What Affects Homeowners Insurance Premiums? ", "output": "There are many factors . The reconstruction value of your home and other structures on the property . The amount of personal property that you have . Your claim history . Your credit level . Do you insure your home and auto with the same company . The age of you home . The geographic location . And more . This is just to name the ones that pop up immeadiately . "}
{"input": "What Happens To A Life Insurance Policy With No Beneficiary? ", "output": "If there is no stated primary beneficiary , nor contingent beneficiary alive when the insured passes , the proceeds of a policy would become part of the estate and subject to probate . If the beneficiary was alive longer than the insured , the proceeds would go into the beneficiaires estate and subject to probate regarding their estate . "}
{"input": "Does Comprehensive Auto Insurance Cover Vandalism? ", "output": "Yes , vandalism is one of the covered perils in the Comprehensive portion of most standard auto policies . Comprehensive is the more broadly defined of the two elements that make up the Physical Damage portion of a car insurance policy , the other element being Collision . Collision provides coverage for damages sustained by your car if involved in an accident with another motor vehicle , a stationary object or a human being . Comprehensive provides coverage for all other named perils including vandalism . "}
{"input": "How Long Does Cobra Health Insurance Last? ", "output": "COBRA beneficiaries generally are eligible for coverage a maximum of 18 months . There are certain qualifying events that could extend the coverage . If the beneficiary stops paying the premium or if the employer stops providing the group health insurance the coverage could end earlier . Some plans offer a conversion from the COBRA plan to an individual plan at the end of the COBRA period . "}
{"input": "What Does Medicare Cover For Assisted Living? ", "output": "Medicare does not cover Assisted Living at all . Medicare is very limited on its long term care benefits . You can only get assistance if you are hospitalized for three days , not counting day of discharge , and require skilled care . You can only stay in a nursing home for a maximum of 100 days . the first 20 days are covered in full as long as you meet the requirements , day 21 through 100 you will have a copay . You may also quaify from limited rehab services in your home . If you need assisted living you may qualify for certain veterens benefits if you or your spouse served in the military during a period of war . Your only other option is Medicaid . If you have assets see a good elder law attorney or Medicaid planner . It could save you a large portion of your assets and allow you to get help faster . "}
{"input": "Do Life Insurance Proceeds Go Through Probate? ", "output": "Life insurance death benefit proceeds go direct to the policy beneficiaries . The beneficiary declaration in the application is the directive to the life insurance company on death benefit distributions . There is also an option for contingent beneficiary as well . Avoiding probate is another feature of life insurance coverage . "}
{"input": "Do Life Insurance Proceeds Go Through Probate? ", "output": "You may elect to name a trust as beneficiary to achieve some planning goals for the ultimate beneficiary , such as ` spendthrift ' protection . In such a case , you have made a deliberate decision to use the probate system . You are well advised to give serious consideration to this idea if you have younger beneficiaries . "}
{"input": "Do Life Insurance Proceeds Go Through Probate? ", "output": "As long as a beneficiary is designated , no . If there is no beneficiary , the proceeds default to the estate which means probate . Having a named beneficiary rather than the estate of the insured allows the property to pass by contract directly to heirs without the need for probate . Its effect generally supersedes anything that a will or trust might say . It is also a good idea to consider naming at least one contingent -LRB- backup -RRB- beneficiary and have the insurer confirm the identity of all beneficiaries at least every three years . Clients are often surprised to find they have existing policies with beneficiaries who are deceased which means the estate would get the proceeds and be subjected to probate . "}
{"input": "When Is Life Insurance Necessary? ", "output": "Anytime that someone wants to help ensure that their family is able to better survive financially after their passing . If you were to pass away suddenly , where would your family get the money to replace your income , pay the debts you left behind , or pay for college educations for your children just name a few examples of how the payout from a life insurance can help . Contact a local agent to discuss product availability , pricing , and product details . "}
{"input": "Does Aetna Sell Long Term Care Insurance? ", "output": "I have worked alot with Aetna over the years , providing group health insurance benefits to small business groups . To the best of my knowledge , I have never personally heard of Aetna offering any form of long term care products . I know that they offer group health , group life , and group disability coverages . "}
{"input": "What Is Employer Sponsored Retirement Plan? ", "output": "Employer Sponsored Retirement Plan is generally an ERISA qualified plan that a business sponsors for their employees with employee tax deductible contributions and sometimes an employer contribution match . An example of such a plan is the popular 401k retirement plan offered by many corporations and small businesses alike . "}
{"input": "Can You Use Disability Insurance For Maternity Leave? ", "output": "Only short term disability insurance can be used for maternity leave . Long term disability -LRB- the type most commonly purchased in individual policies -RRB- will only pay benefits if off of work for an extended period of time due to complications of pregnancy , or recovery from complications suffered during or after childbirth . "}
{"input": "How Can I Find Out If Someone Has Auto Insurance? ", "output": "It used to be easy but with privacy protection laws in-force , it now takes some work . Without knowing the reason why you want the information , bear in mind that you will need to demonstrate a legal need for it . You can check with the local police department but you will most probably have to file a police report and provide a solid and legal reason for needing to know about another 's insurance situation . You might also check with your State motor vehicle administration but again , your request will not be honored unless you can provide a reason for your request that is in compliance with the laws . "}
{"input": "How Can I Find Out If Someone Has Auto Insurance? ", "output": "If you are involved in an accident with another party , especially if it is their fault , it is always best to contact the local police in order to file an accident report . The investigating officer will among other things , ask to see that each of you have proof of car insurance , since in most states , having coverage is state law . The insurance company name and policy number will then be written into the officer 's report . You are entitled to a copy of that report and can therefore contact the other party 's listed company to open a claim with them . Provided that that process goes smoothly and you are not told that the policy had cancelled , they have coverage . "}
{"input": "How Can I Find Out If Someone Has Auto Insurance? ", "output": "About the only way to verify whether or not someone has auto insurance is to ask them . If they have coverage they should be able to show you a proof of insurance card from their current carrier with the dates the policy is effective . Privacy laws prevent carriers from disclosing most information about their clients , with limited exceptions . "}
{"input": "How Does Life Insurance Test For Smoking? ", "output": "That is a great question ! In the case of you purchasing a policy for a larger face value , the insurance company will send out a para-med who will take samples or swabs from you to test for the markers of nicotine use . In the case of a smaller face value policy , there will be a question on your application , and then subsequent ones relating to smoking related diseases . If at some point the company has reason to believe that your answers during the application process are less than truthful , they may elect to deny or delay your payment on those grounds . The best thing to do is quit smoking , or find a company that is lenient with their tobacco rules , or one that does n't ask at all . They exist , and a good agent can find one for you . I hope that helps , thanks for asking ! "}
{"input": "How Does Life Insurance Test For Smoking? ", "output": "When you take an exam for a life insurance policy , one of the common tests they conduct is a urine test . Each company tests for a set of markers -LRB- the exact markers may vary by carrier -RRB- , but each of them check for nicotine - the presence of nicotine indicates to the carrier the use of tobacco products . The type of tobacco product being used does matter though - a couple of carriers will offer a non-smoker rate -LRB- saving you thousands of dollars over the life of a policy , regardless of term or permanent insurance -RRB- if you only use cigars or chewing tobacco -LRB- some smokeless tobacco -RRB- , and not cigarettes . Prudential is known as somewhat of a `` go to '' company in the agent circles for people who only use the aforementioned types of tobacco . Cigarettes are considered smoker status across the board for underwriting purposes . Please note , when completing an application -LRB- even for a non-medical product -RRB- and falsify information -LRB- e.g. saying you do n't smoke and it 's discovered that you do -RRB- , the carrier can rescind the policy - it 's important to be honest with the carrier so you do n't run the risk of losing your coverage . Most carriers will require at least a 12 month period from the point of the last use of tobacco before considering non-smoker risk classes . "}
{"input": "How Does Life Insurance Test For Smoking? ", "output": "Cotinine is a metabolite of nicotine that is found in blood and urine of tobacco users . Life Insurance companies test for smoking by checking for the presence of cotinine in blood and urine samples taken at the paramed exam . They will back up these tests with questions on the application , phone interview -LRB- if one is conducted -RRB- and medical records -LRB- if an APS is ordered -RRB- . "}
{"input": "How Does Life Insurance Test For Smoking? ", "output": "When purchasing an underwrittenlife insurance policy , the underwriters will order a paramed exam . A paramed or nurse will come to you take the health history part of the application . They usually will require a urine sample and blood sample along with height/weight , blood pressure , etc. . The urine is tested for nicotine . A person should be away from smoking , dipping , patches gumor chewing tobacco for an extended period of time to avoid a smokers rating on their life insurance . "}
{"input": "How Much Will I Get If I Cash In My Life Insurance? ", "output": "If you own Term life insurance , there will be no cash to cash in . However , if you own Return of Premium -LRB- ROP -RRB- Term , and have held onto the policy long enough , you will be able to get back part or all of the premium you paid in . If you cash in Whole Life or Universal Life , the amount you get back is stated in a current policy illustration . That amount is called the surrender value . You can order a current illustration from your life insurance company or agent . "}
{"input": "How Much Will I Get If I Cash In My Life Insurance? ", "output": "Life Insurance can be `` cashed '' in providing there is a cash value available . In your policy there is a surrender value which is what you will receive . If you have taken a loan thwn this will be paid back first . Any monies over the premium you have paid in may cause a taxable event to be paid the tax year the policy is surrendered . "}
{"input": "Is There Life Insurance For People With HIV? ", "output": "The only type of life insurance available to people with HIV at this point in time is guaranteed issue life insurance . This type of coverage is graded , only provides small face amounts -LRB- usually under $ 25,000 -RRB- and usually has a minimum age requirement of 45 years . Hopefully this is one of those health conditions that life insurance will look at more leniently in the future as HIV treatments continue to improve . "}
{"input": "Is There Life Insurance For People With HIV? ", "output": "It is very , very difficult to get coverage when you answer `` yes '' to the health questions on an insurance application on HIV . If you can find a guaranteed issue plan that doesnt ask the question , you can find coverage . Some of the guaranteed issue plans also ask so you would have to shop around . Dont expect high coverage , expect to pay higher premiums and it will probably be graded for the first 2 years -LRB- if you die your beneficiary would get their paid premiums returned as a death benefit -RRB- . Contact an Insurance professional for more details and a quote "}
{"input": "Is There Life Insurance For People With HIV? ", "output": "There is a membership plan available that offers up to $ 100,000 for very minimal money . The only requirements are you must work at least 30 hours per week , live in the USA , and keep paying the membership dues . It is underwritten by TransAmerica . Contact me for more information or go to the website "}
{"input": "How Do I Get Proof Of Renters Insurance? ", "output": "If you currently have renters insurance , I would suggest contacting the carrier of the policy or your local agent and request a copy of your policy or a proof of insurance document . Within a couple of weeks at most after signing up for the coverage you should have received your policy documents electronically or in paper form . "}
{"input": "What Is PPI Auto Insurance? ", "output": "PPI is ` Payment Protection Insurance ' . In addition to vehicle purchases , PPI is also purchased in mortgage and some credit situations . It ensures repayment of loans for the policyholder , in the event of illness , death , disability and unemployment . Generally , when the policyholder is unable to earn , for documented reasons like those stated above , the insuring company chosen makes payments to the lender , usually for a specific period of time . Additionally , there is usually a waiting period associated with the coverage , before payments will begin . PPI is often referred to as ` credit insurance ' . "}
{"input": "Do Annuities Have Beneficiaries? ", "output": "That is a great question ! As annuities are an insurance product , there is the ability to structure your annuity to allow the remaining balance to pass to a beneficiary . Depending upon how you structure it , you can have your annuity pay for a certain number of years and run out ; pay until you pass , then continue to pay your spouse ; or pay the remainder to a beneficiary when you and your spouse have passed . That amount can be structured as a lump sum , -LRB- taxes ! -RRB- or a series of payments -LRB- lesser chunk of taxes -RRB- . Ask your agent to walk you through the options , ok ? Thanks for asking ! "}
{"input": "Do Annuities Have Beneficiaries? ", "output": "You can name primary beneficiaries for your annuities . You can also name contingent beneficiaries as back ups to your primary beneficiaries . A beneficiary can even be a charitable organization or a trust . The annuity policy owner can also change the beneficiaries at his or her discretion at any time . "}
{"input": "Do Annuities Have Beneficiaries? ", "output": "An annuity is the product of a life insurance company . Naming a beneficiary is an important feature of an annuity . It is a contract and is executed outside of probate . Naming a beneficiary is an important part of the application . Selecting a contingent beneficiary is very important to avoid a situation where the proceeds of the annuity would be paid into the estate and therefore subject to probate . "}
{"input": "How Much Does Medicare D Cover? ", "output": "This is a good question . Medicare part D or prescription drug plans cover certain amounts depending on your specific drugs . My clients normally give me their drugs and ask to find a plan -LRB- part D or C -RRB- that will save them the most money depending on what drugs they have . This is important for your broker / agent to do because they should be able to determine if you will end up in the donut hole -LRB- coverage gap -RRB- where you end up paying more for your meds later in the year . "}
{"input": "When Does Life Insurance Payout? ", "output": "In addition to the helpful information Rich gave , I might add that permanent policies can pay out when the policy matures or endows . That is when the cash value of the policy equals the face amount of the policy . Also , ROP -LRB- return of premium -RRB- policies can pay back all the premiums paid in , usually when a term policy ends . "}
{"input": "When Does Life Insurance Payout? ", "output": "Typically after proof of death with a document verifying that there has been a death with the insured 's identity . Also this must pass the 2 yr contestibility period as well . Any other questions can be directed to the insurance company or your agent of record who can hopefully give you some guidance on what to expect . "}
{"input": "When Does Life Insurance Payout? ", "output": "The typical payout for life insurance is upon death of the insured . There are several other options available in different policies . The first being accelerated death benefit . This can be paid prior to the insureds death when they have been diagnosed with a terminal illness . In some of the more recent policies there are riders that allow partial payments for qualified long term care situations . You can also find out if your policy can be assigned to a viatical company and you can `` sell '' your policy to them for a reduced amount based on the life expectancy of the insured . In any of these situations it is beneficial to speak with your life insurance company to determine exactly what the policy language provides . "}
{"input": "When Does Life Insurance Payout? ", "output": "A very important part of Whole Life Insurance is the ability to take money out of your policy , as a `` loan '' , which you may choose to never pay back , if you need the funds for a child 's college education , a home down payment , your retirement , or even a car ! Gary Lane , Registered Representative , New York Life , 949\u00a0797\u00a02424 . "}
{"input": "I have been covered under automobile insurance with the same company for years, i'm changing companies and i've already provided the declaration page to my new insurance company but they stated they need proof of coverage faxed to them. What else could I send ", "output": "They might be looking for evidence of insurance . This is a form provided by your new insurance company . They might be looking for the Insurance ID cards provided with your policy . They might be trying to be difficult , in which case your state insurance commissioner would be someone interested in your plight . "}
{"input": "I have been covered under automobile insurance with the same company for years, i'm changing companies and i've already provided the declaration page to my new insurance company but they stated they need proof of coverage faxed to them. What else could I send ", "output": "In Connecticut , where I have been licensed since 1985 , if an insurance company needs to have proof of prior continuous insurance coverage , the declaration sheet is the preferred and universally accepted document to certify such proof . In fact , most companies co n't accept just an Insurance ID Card because they are not considered to be as strong a document . If by chance you let your old policy lapse so that there is a gap in coverage , that might be the cause of the problem . There is no reason I can think of in my experience why a valid in force declaration sheet would not be acceptable as proof of prior coverage . You could go to the Insurance Commissioner as previously suggested , but it also may be worth reconsidering your move in the first place . "}
{"input": "Does Geico Offer Disability Insurance? ", "output": "No , Geico does not offer Disability Insurance . To obtain a Disability Insurance quote , contact a Life Insurance or Disability Insurance office or website that can shop several companies to find your best quote . Long Term Disability Insurance is offered through a number of companies , and these agencies can help you find the one that has your most affordable option . "}
{"input": "How To Get A Life Insurance Policy On Someone Else? ", "output": "In order to purchase life insurance on another party , there are a few things that must happen first . One is there must be an insurable interest . This means that you must sustain a financial loss of income or debt in order to have an insurable interest . Second , the person must be willing to take out the life insurance policy . You may be the owner and payer but they will be the insured . They must go through underwriting for health , life style , income , etc. . "}
{"input": "How To Get A Life Insurance Policy On Someone Else? ", "output": "To get a life policy on another they must be finacially dependant upon , or have insurable interest . They must be knowledgeable of the policy . Some companies do not allow if not in the immediate family range , however , if you take out the policy you will be the policy owner and them the insured . Why not have them be the policyholder and insured and you the payor of the policy . Makes more sense and is more of a positive notation . "}
{"input": "How To Get A Life Insurance Policy On Someone Else? ", "output": "To get a life insurance policy on someone else , it is a good idea to start out discussing it with them . Get their exact date of birth , height , weight , whether they have used any tobacco in the past three years , and any medications they are taking . Ask about whether they have any health conditions now or in the past . Nothing is more frustrating that being declined for life insurance when it was not your idea to get it in the first place . Involving that person , explaining why you are getting it , discussing who will pay for it , and asking whether they care if they take an exam , are all ways to help the policy be placed smoothly and without hard feelings . "}
{"input": "How To Get A Life Insurance Policy On Someone Else? ", "output": "Getting a policy on someone else is just like getting a policy on yourself with one exception . If this is on an adult , they have to be aware and sign the policy which is being taken out on them . They have to sign off . If this is on a child , there has to be an owner , usually a parent or grand parent . "}
{"input": "What Are Some Functions Of Life Insurance? ", "output": "The main function of Life Insurance is to protect your family and loved ones in case of your death . If you were to die , any debts that you owe , as well as the costs associated with your funeral , could be passed to your family and loved ones . Life Insurance may not keep some of these debts from passing to them , but it would certainlylessen the amount owed . Life Insurance can also be used as a savings and investment vehicle . Certain life insurance policies are tied to investment accounts and market indexes , which allows the policy to grow . These policies still have a face value , but they also will build a cash value . This cash value can be used as a loan from the policy , or they can simply be used to increase the amount of payout at the time of payment . "}
{"input": "What Are Some Functions Of Life Insurance? ", "output": "While the payoff of debts is one of the most common purposes people buy life insurance to fulfill , two other major areas of need that this line of insurance is used to help with is income replacement -LRB- to maintain the lifestyle your family members have become accustomed to -RRB- as well as estate planning . "}
{"input": "What Are Some Functions Of Life Insurance? ", "output": "Life Insurance is a financial vehicles with many different uses . Some of the more common uses -LRB- functions -RRB- of life insurance are : Death Benefit to protect a loved one College Funding vehicle Buy-Sell Agreement for business owners Executive Bonus plans to compensate key employees or business owners Vehicle to create tax-free income in retirement Income replacement Charitable Giving Mortgage Protection Final Expense These are some of the highlights , but life insurance offers a combination of features and benefits that are not available in any other financial vehicle . "}
{"input": "What Are Some Functions Of Life Insurance? ", "output": "Life insurance has different kinds of functions depending upon what type of policy you have . One of the most important functions in Life insurance is to protect your family and loved ones in the event of premature death . Something that is just as important as premature death is Living Benefits that protect your family and loved ones in the event you need benefits while you are still alive ! There are many needs for Life Insurance coverage but , that would be best determined by ones own needs and personal situations . Every families situation is not the same it needs to be personalized . "}
{"input": "Why Was My Health Insurance Application Denied? ", "output": "If you applied for Health Insurance and your application was denied , the company you applied to will have to give you a reason why it was denied . They should mail you a letter stating a reason . Since the Affordable Care Act was passed you can not be denied based on your health history , so as long as you are providing truthful , relevant info on the app , getting health insurance should be easy . "}
{"input": "Why Have Health Insurance Premiums Increased? ", "output": "That is a great question . The simple answer ? Because the costs of health care are rising , as are the costs of insuring an increasingly aging population . We have nearly 10,000 people a day turning 65 , and oftenas they age , they have more health issues . Our population is also increasingly overweight , and suffering from the effects of that . There are a lot more reasons , but those are the best few . Want to discuss more ? feel free to contact me . Thank you for asking ! "}
{"input": "Who Pays First Medicare Or Medigap? ", "output": "Medicare will pay your claim first and will pay only the Medicare approved amount . Your Medigap Plan will pay second . Depending on which Medigap Plan you have will determine if you are responsible for paying any deductibles , co-insurance or co-payments not covered by Original Medicare . If you have any questions regarding your specific situation , please feel free to contact me . "}
{"input": "How Does Health Insurance For Newborns Work? ", "output": "If a group health plan , health insurance company , or health maintenance organization -LRB- HMO -RRB- provides maternity benefits , it may not restrict benefits for a hospital stay in connection with childbirth to less than 48 hours following a vaginal delivery or 96 hours following a delivery by cesarean section.You can not be required to obtain preauthorization from your plan in order for your 48-hour or 96-hour stay to be covered . -LRB- However , certain requirements that you give notice to the plan of the pregnancy or the childbirth may apply . -RRB- The law allows you and your baby to be released earlier than these time periods only if the attending provider decides , after consulting with you , that you or your baby can be discharged earlier.In any case , the attending provider can not receive incentives or disincentives to discharge you or your child earlier than 48 hours -LRB- or 96 hours -RRB- . If your state has a law that provides similar hospital stay protections and your plan offers coverage through an insurance policy or HMO , then you may be protected under state law rather than under the Newborns and Mothers Health Protection Act . Health insurance policies will generally cover a new born as long as you enroll your newborn within 30 days of birth . Coverage should be effective as of your babys birth date , just remember , you should enroll your baby within 30 days of the date of birth.Contact your health plan or your spouses health plan as soon as possible to find out how to enroll your new baby in group health plan coverage . "}
{"input": "Does Medicare Pay For Urgent Care? ", "output": "Generally Medicare does cover urgently needed care . However , without knowing the specifics of your treatment I can not give you a definitive answer . There are many different circumstances that will determine what treatments medicare will cover and what they wont cover . The best way to find out if a procedure will be covered is to contact medicare directly at 800-medicare or online at www.medicare.gov . "}
{"input": "Can You Cancel A Auto Insurance Claim? ", "output": "You do n't really cancel an auto insurance claim . However , you can withdraw the claim . If an investigation has begun , it is possible that it will be completed to its conclusion . If there was damage to other property or persons , your insurer will pay any obligation that it is legally bound to pay , even if you request the claim be stopped . "}
{"input": "What Is A Good Age To Buy Long Term Care Insurance? ", "output": "A good age to buy long-term care insurance is when you are in a good financial position and have some extra disposable income . Also , if your health is good , you 'll save thousands of dollars -LRB- potentially -RRB- in premiums . Need specific numbers ? How about between 35-50 ? As an experienced broker , that 's my best estimate . But yes , as I have stated many times , an experienced FULL-TIME broker is a great resource for this information . "}
{"input": "What Is Health And Disability Insurance? ", "output": "Health insurance is designed to pay providers for medical services . Disability insurance was created to pay the insured the benefit amount in the event of a qualifying disability . Disability income insurance comes in two forms : Short term disability Long term disability Short term is just what it sounds like and is inexpensive to pick up . Long term DI can cost significantly more due to the risk the carrier takes on to cover the insured for a longer period . "}
{"input": "How To Code Flu Vaccine For Medicare? ", "output": "To code the flu vaccine for Medicare you must specify which of the 5 vaccines were given : Q2035 Afluria Vaccine -LRB- split virus , intramuscular injection -RRB- Q2036 Flulaval Vaccine -LRB- split virus , intramuscular injection -RRB- Q2037 Fluvirin Vaccine -LRB- split virus , intramuscular injection -RRB- Q2038 Fluzone Vaccine -LRB- split virus , intramuscular injection -RRB- Q2039 NOS Not Otherwise Specified Vaccine -LRB- split virus , intramuscular injection -RRB- You must still use HCPCS code G0008 for administration of the influenza virus vaccine . "}
{"input": "Is Long Term Health Insurance A Good Idea? ", "output": "Long-term care insurance is probably not a great choice for the very wealthy or the very poor . The very wealthy can self-insure and the very poor would be strapped by the premiums . But for most of middle America , the very reail probability of needing long-term care at some point in their lives , and the very high cost of that care warrants very serious consideration of having a plan of long-term care a part of their portfolio . Medicare pays very little of the cost . Medicaid pays none of the cost if you have assets . And the stresses placed on family to provide that care when it ca n't be paid for are devastating . Talk to a long-term care insurance professional . And check out `` A Shopper 's Guide to Long-Term Care Insurance '' at WEBSITELINK "}
{"input": "Is Long Term Health Insurance A Good Idea? ", "output": "This is a great question . In my professional opinion I would say absolutely . LTC plans can cover medical and non medical care that you may need . Many people feel that Medicare will pay the cost , NOT TRUE . Medicare covers Skilled Nursing but not non-medical services i.e. help with eating , bathing , dressing , etc. . "}
{"input": "Is hypnotherapy to control urinary incontinence from radiation treatment medicare covered? ", "output": "Hypnotherapy would not be covered by Medicare to help control urinary incontinence . There maybe some mental health issues where Medicare will pay some of the cost for hypnotherapy but I do n't believe it will cover any of the cost for the problem you are having . "}
{"input": "Is hypnotherapy to control urinary incontinence from radiation treatment medicare covered? ", "output": "Hypnosis is not a covered benefit under Original Medicare . Having a Medicare supplement will not help either as Medicare Supplements will only cover services that Medicare approves . It would be theoretically possible there are some Medicare Advantage carriers that will cover Hypnotherapy but non of the more well know ones such as BCBS , United , Aetna , Humana will cover it . "}
{"input": "Is hypnotherapy to control urinary incontinence from radiation treatment medicare covered? ", "output": "Hypnosis may be covered by health insurance , but it varies by the policy and each situation . BlueCross BlueShield considers hypnosis medically necessary for relief of acute or chronic pain or as an adjunct to psychotherapy , but this definition is dependent to the state in which you live . Contact your current health provider for more information . "}
{"input": "How Does Auto Insurance Work? ", "output": "That is a great question ! Auto insurance is designed to protect you from a number of potential risks . Every driver is expected to have insurance before getting behind the wheel , and the penalties for not doing so are pretty stiff . The costs of the policies can vary widely , based on the coverage package and the amount of deductible that you choose . Thanks for asking ! "}
{"input": "How Does Auto Insurance Work? ", "output": "An auto policy is a package of coverages . The customer can select all or some of the coverages available . The most important coverage is public liability and property damage . Your state probably requires this coverage on every car using the public roads , but since not everyone obeys the law there is another section of coverages for uninsured and underinsured drives coverage in case you are in a collision with someone without insurance or with inadequate insurance . Another major section is physical damage . Your lender usually requires that you carry this coverage . It restores your car after you pay the deductible for a wide range of events . There are additional coverages and services that are frequently included in the policy but these are the main coverages . "}
{"input": "Do I Need Private Disability Insurance If I Have A Group Plan Through Work? ", "output": "I personally dont think anyone should settle for a group plan through their employer . An individual contract is portable and will follow you to any future position you take . If you get sick or injured while on your group plan , and one day decide to change jobs , it will be much harder to get coverage . And unlike the coverage a group plan offers , private disability insurance benefits are tax fee ! With private DI , you can receive 70-80 % of your take home pay , as opposed to group plans that typically offer 42 % after taxes . Also , individual plans offer extra features like future increase options , partial disability or cost of living adjustments . "}
{"input": "Do I Need Private Disability Insurance If I Have A Group Plan Through Work? ", "output": "You may not need it if you have your own plan but the limit relies on the income adjustment for you . There is a certain percentage that the income must be adjusted to . Let Workers Comp cover you at the job for it is useful . Take out an individual disability plan that is all your own . Workers Comp is mandatory for any injury on job only while your disability policy can cover you both at work and home . I know the best companies for your situation . "}
{"input": "Do I Need Private Disability Insurance If I Have A Group Plan Through Work? ", "output": "Do I need Disability Insurance outside of my group plan is an excellent question . The answer , without looking at your policy is maybe . Here is why : Most of the group plans I see fall into one of two categories . The first is short term disability , the second is long term disability coverage . In many cases the employer will offer both but the employee only opts into one or the other . If you have short term DI , then my question is what happens if you are still disabled after that period which may only be up to 90 days or less ? If you have long-term DI , which kicks in after 6 months , 12 months , etc. what are you going to do before you start getting a benefit ? Last , statistically we know that people today will have 7 + jobs in there lifetime . This means , depending where you are , if you leave your job , whether voluntarily or not , these benefits do not follow you so consider getting something in place at minimum so you are not left hanging in the event of job loss . Remember , DI can only be applied for if you have a job . If you are not working , then you will not be able to get Disability Insurance . If you are unemployed , have a DI policy , get disabled , then you will still receive a benefit . Not a bad deal in this situation . Answer those questions I asked and you will answer for yourself what you should consider doing . "}
{"input": "Do I Need Private Disability Insurance If I Have A Group Plan Through Work? ", "output": "Do you need private disability if I have group disability ? Depends . If you have group first , individual -LRB- private -RRB- disability will be limited as most plans only allow 60-70 % income replacement from all sources . Group usually covers 50-60 % of income . It will also most likely be taxable income so you have to decide how long you can get by on anywhere from 35-50 % of your total income . Where individual disability would step in is to fill that income gap . This is the reason I answered `` depends '' . It is what do you want , what the contracts actually say and what you can afford ? One thing to consider if you are new to the workplace is to get your individual disability first . You can protect 100 % of your income or even greater if your individual is in place before group . "}
{"input": "Where Can I Find Car Insurance Quotes? ", "output": "Step out the front door and holler I WILL BUY INSURANCE ! Actually , you do not have to go outside you can look in yellow pages , newspaper , daily bargin papers , internet or go to an agents office . If you or a good friend knows a trustworthy agent who will advise you about coverages go see the person . When there is a question about service or claims then you have a enabler to help you . Good luck on the rest ! "}
{"input": "Where Can I Find Car Insurance Quotes? ", "output": "Free online car insurance quotes can be found on many websites . And , of course , a broker can provide prices . Choosing an experienced broker will help you find the most affordable offers . And it 's important that his/her website is informational , updated and allows you to provide simple information to receive the quote . Naturally , you should never pay a fee or provide your social security number to view rates . A good broker will save you time , money and a lot of frustration . "}
{"input": "Where Can I Find Car Insurance Quotes? ", "output": "Certainly you could start by searching on line as there are any number of providers these days who offer direct line coverage . However , I think that the best place to start is by talking to your local Insurance Professional . Whether they represent a number of companies or just one , licensed insurance professionals can help to answer your questions , listen to your needs and concerns and present to you a well thought out car insurance that meets your needs and fits your budget . "}
{"input": "What Life Insurance Policy Pays Dividends? ", "output": "Paying life insurance dividends can be paid on any type of policy from any participating life insurance carrier . The most common companies that pay dividends are called mutual insurance companies . Some of the more common names of mutual insurance companies are State Farm , NY Life and Northwestern Mutual . Mutual insurance companies consider the policyholders part owners of the company and share a portion of the profits as dividends . You may or may not receive a benefit based on the year 's profits . You may find mutual company premiums a bit more expensive than none mutual companies with an expectation of paying their dividends . When purchasing a life insurance policy you should find the best product at the best price to cover your unique situation , not on who pays a dividend or not . "}
{"input": "What Life Insurance Policy Pays Dividends? ", "output": "A dividend is a portion of the insurance company 's profits that you receive just by having a participating policy with that company . Policies that pay dividends are usually participating Whole Life . Dividends are not guaranteed , because they are only paid if the company makes money that year . But they are not taxed , because rather than looking at them as profit to you , they are looked as a refund for over payment of premium . "}
{"input": "What Life Insurance Policy Pays Dividends? ", "output": "Any life insurance policy that is participating can pay dividends . The most ubiquitous type of life insurance to pay dividends is whole life insurance , but it is not the only type f life insurance that can be participating -LRB- pays dividends -RRB- . It 's important to note that just because a policy is participating , there is no guarantee that it will pay dividends in any given year . Dividends are paid as a result of surplus -LRB- excess earnings -RRB- with the insurer on the product issued . "}
{"input": "When Is Disability Insurance Worth It? ", "output": "when is disability insurance worth it ? When you have something to lose . Insurance of any type is simply protection from loss . If you have passive income at a level high enough to maintain the lifestyle you want , then no , probably disability insurance is not for you . However , if your lifestyle depends on your income , and you have nothing without your income , would n't insuring your paycheck be a good idea ? "}
{"input": "When Is Disability Insurance Worth It? ", "output": "I think you will find the day that disability insurance is worth it will be the day you have a medical injury or illness and a physician tells you that you will never be able to work again . Those are truly the days that clients are truly grateful they paid those pesky premiums all those years . That day when you realize at least you have an income stream to live while dealing with this type of devastating news . "}
{"input": "How To Sue Someone With No Auto Insurance? ", "output": "While this isnt a legal corner you can probably approach this in one of two ways . You can file a claim with your insurance carrier , particularly if you have comprehensive and collision coverage . They will settle your claim and then pursue the other party . The other way would be to hire an attorney and file a lawsuit . Perhaps it could be handled in small claims but being without insurance doesnt absolve the other driver from responsibility . "}
{"input": "Can I Change From Medicare Advantage To Medigap? ", "output": "Yes , you can change from Medicare Advantage to Medigap . You must first disenroll from your Medicare Advantage Plan and switch back to original Medicare . If you joined a Medicare Advantage plan when you first signed up for Medicare and are changing to Medigap within 12 months , you can choose from any Medigap policy . If you had a Medigap policy , switched to Medicare Advantage , and decided within 12 months to go back to Medigap , you can get your old policy back if it is still available . However , it will no longer have the prescription drug coverage . You may be able to get that from Medicare Part D. "}
{"input": "What Is The Biggest Car Insurance Company In Us? ", "output": "The biggest car insurance company in the US is State Farm , followed by Allstate and Berkshire Hathaway Insurance Group . Progressive , Farmers and USAA are also very large companies . In your particular state , you may find other insurers to be more popular ; such as Erie , Travelers or Geico . As experienced brokers , our job is to compare and find the lowest rates available in your area and present you with the best options for your specific vehicles . "}
{"input": "Does Life Insurance Pay For Death By Natural Causes? ", "output": "Life insurance benefits are paid whenever an insured dies during the period of time that the policy is in force . There is exclusion against suicide in the first couple of years and there are times when the company might contest a claim based upon misrepresentation but that would rarely be affected by someone dying of natural causes . "}
{"input": "Does Life Insurance Pay For Death By Natural Causes? ", "output": "Yes , life insurance pays for death by natural causes as well as for accidental death . The only exception is usually suicide within the first two years of getting the policy . Life insurance sets itself apart from accidental death insurance in that it pays for death by any illness , natural causes , or death by any other reason . "}
{"input": "Does Life Insurance Pay For Death By Natural Causes? ", "output": "does life insurance pay for death by natural causes ? If the policy is in good standing , then yes , a life insurance policy will pay a death benefit upon submittal of a death claim form and a certified copy of the death certifivate . They also payany interest earned on the death benfit from the day of the death until the date the check is issued . "}
{"input": "How Can I Get Long Term Care Insurance Online In New York? ", "output": "To get Long Term Care Insurance online in New York , go to a Long Term Care , Life Insurance , or Health Insurance website that sells Long Term Care Insurance from a variety of carriers . You can call them and they will walk you through the process of applying . "}
{"input": "What Does Life Insurance Test For? ", "output": "When applying for most medically underwritten life policies , an applicant can expect to have a blood profile and urinalysis ordered as well as vital signs taken by a parmedical examiner . The lab tests look at body chemistry . There are lots of chemical names and acronyms such as glucose , albumin , protein , cholesterol , liver enzymes , HIV , GGTP , PSA , BUN , nicotine , drugs and so on . The tests continue to evolve over time and can vary in some cases by insurance company based on age and amount . A life insurance underwriter is looking for abnormal results which , on their own may not mean much but when compared with additional information collected such as medical history , readings for blood pressure , etc. , it helps them assess mortality risk . "}
{"input": "What Does Life Insurance Test For? ", "output": "The life insurance exam generally collects samples of blood and urine which are tested for HIV , cholesterol and related lipids ; liver disorders such as hepatitis ; kidney disorders , diabetes , prostate specific antigen -LRB- PSA -RRB- and immune disorders . The exam also tests for the presence of alcohol , illegal drugs , nicotine , and prescription drugs . Blood pressure , pulse , weight , and sometimes an EKG are also measured at the time of the life insurance exam . "}
{"input": "Is Long Term Disability Insurance Worth The Cost? ", "output": "Every product purchase has a value proposition to assess . Disability insurance is no exception . Disability insurance is paycheck protection . Most American workers have 90 days in cash reserves . The odds are you will be disabled once in your working career . Depending upon your age , gender , smoking status , health history , etc. , is 3 to 5 % of your compensation worth it ? "}
{"input": "Is Long Term Disability Insurance Worth The Cost? ", "output": "As with all types of insurance , you are taking a chance that you will have paid into the policy for years and never used it . However , Long Term Disabilities occur much more often than people think , even to younger workers . Nearly half of all bankruptcies are due to becoming disabled and the resultant loss/cut in income . When you look at the financial consequences of becoming disabled , Long Term Disability Insurance is worth the cost for people who can squeeze it into their budget . "}
{"input": "Is Long Term Disability Insurance Worth The Cost? ", "output": "As with all insurance , you make the decision to self insurance and retain all the risk or you pass the risk to the insurance company in exchange for a premium . Whether or not long term disability insurance depends on what would happen to you financial situation if you became disabled . When cost is a concern , my recommendation is to insure against the catastrophic , that is a longer waiting period with a higher benefit . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "At What Age Can You Go On Medicare? ", "output": "You can go on Medicare at age 65 . If you have been disabled for two years you can go on Medicare at that time , regardless of your age . You may be able to go on Medicare prior to age 65 if you have end stage renal disease or have Lou Gherig 's disease , under certain conditions . "}
{"input": "What Is The Best Life Insurance In The USA? ", "output": "what is the best life insurance in the USA ? The one that is in force when needed . That 's the best policy because it is in force and will pay your claim . What could be better than that ? There is no single `` best '' because there is no single need . Best can be many things because there are many people and many needs . "}
{"input": "What Is The Best Life Insurance In The USA? ", "output": "There is no one best life insurance company or type of policy in the USA . Companies are rated by agencies -LRB- AM Best and Moody 's , to name a couple -RRB- , and those help you ascertain the financial strength of each company . The type of policy that is best , depends on the need it is to cover . "}
{"input": "What Is The Best Life Insurance In The USA? ", "output": "Ratings are not as relevant as they once used to be . What is important , is how the policies you are looking to buy perform over time . And the best performing are n't always the best policies . If you can find an agent who really understands what it is he or she does , to me that is the most important aspect . They can guide you into finding whatever it is you seek . These days there are just too many choices for the average consumer to sort through . As agents it can be a daunting experience to match the right company/policy to the client . After 20 years , I speak from the heart . I love what I do , and I love to help the public figure things out . That is what matters most to me . Find an agent who cares and you have a winner . "}
{"input": "What You Need To Know About Variable Annuities? ", "output": "In Canada , variable annuities are typically called segregated funds -LRB- the funds are segregated or separate from the other assets of the insurance company -RRB- . With payout variable annuities all or a portion of the income received depends on the performance of the funds chosen . A deferred or accumulation annuity -LRB- segregated fund -RRB- is similar to a mutual fund were the value depends on the performance of the funds you have chosen and your money is a risk . Since segregated funds are issued by insurance companies they contain death benefit and maturity guarantees . Some offer resets so you can lock in gains . Your advisor will be required to give you with an information folder prior to purchase to provide you with complete disclosure . You will find additional information on my website www.jpw.ca If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "Is Health Insurance Mandatory In Florida? ", "output": "Yes , health insurance is mandatory in the state of Florida or risk paying a fine . The affordable care act states that by January 1 , 2014 people are required to have health insurance or pay a fine . This rule is not just for Florida but for all states . An independent insurance agent should be able to show you plans from most of the major carriers and help you pick that plan that fits your needs . Several independent agencies -LRB- like ours -RRB- have a website that people can instantly compare health insurance plans online and then ask questions to experienced licensed agents over the phone . "}
{"input": "Can I Get Health Insurance For A Few Months? ", "output": "You can buy health insurance for a few months . You can also buy coverage for one month . Short-term health insurance plans are ideal for individuals or families that only need coverage for a short period of time . Rates are extremely inexpensive and applications are often approved within 24-36 hours . If you are between jobs , laid off , a graduating student , waiting for Medicare benefits to begin or a seasonal worker , a temporary policy may be worth considering . You can purchase the plans easily online from reputable websites or directly through a broker . "}
{"input": "What Is Voluntary AD&D Life Insurance? ", "output": "That is a great question ! AD&D , or Accidental Death & Dismemberment is a type of policy that covers a very specific type of injury and death . Many people will purchase it , thinking that it will provide adequate insurance in the event of one 's death . And it will , IF the death is the result of an accident . If it has to do with a sickness , disease or health issue like a stroke or heart attack , it provides no coverage at all , in nearly every case . It is a great , low cost way to protect against disability due to an accidental injury , and to supplement life insurance coverage , but I absolutely do not recommend it as a stand alone policy for life insurance . If you would like more information , please contact me , I 'd be happy to set aside some time to talk to you privately about this . Thank you for asking ! "}
{"input": "What Is Voluntary AD&D Life Insurance? ", "output": "Voluntary AD&D Insurance is Accidental Death and Dismemberment Insurance that you can purchase through your place of work at group rates , if you wish to do so . It would pay for death or loss of limbs that occurred as the results of an accident . It would not pay if death or dismemberment was due to illness . "}
{"input": "Which Retirement Annuity Is The Best? ", "output": "There are three types of crediting methods for tax deferred annuities : fixed interest rates , indices and separate subaccounts . Product suitability and selection is determined by your financial profile , risk tolerance and money goals . Once you determine these critical components as an annuity purchaser , you can select the best annuity suited for you . "}
{"input": "Does Life Insurance Payout Get Taxed? ", "output": "In most cases , life insurance proceeds are received income tax free . If the proceeds are payable due to the policy endowing -LRB- or maturing -RRB- the gain -LRB- proceeds less premium paid -RRB- may be taxable . Life insurance policies owned by an individual with proceeds payable to the estate of the owner may be subject to federal and / or state estate taxes . Proceeds payable on a viaticized life insurance policy also may be subject to income taxes . "}
{"input": "Does Life Insurance Payout Get Taxed? ", "output": "In addition to what Bob said , life insurance proceeds may be subject to federal estate taxes if they push the value of the estate beyond 5.25 million dollars -LRB- the exempted amount for 2013 -RRB- . Some states also have estate or inheritance taxes that can apply to life insurance proceeds . "}
{"input": "Am I Liable If Someone Gets Hurt In My Timeshare? ", "output": "That is a great question ! The short answer is it depends . If I assume correctly that this is a points based timeshare arrangement , one of those `` vacation club '' kind of things , then it typically falls upon the resort management 's policy . But if you 've traded , sold or otherwise allowed someone else into your space on your time , then you may possibly be liable , depending upon the terms of the contract that you signed . If this is a property that you are an owner of for a specific number of years , then the liability issues may be more yours than the true property owners . Again , it will depend entirely on the policy exclusions that were in the contract you signed at purchase . If you own the property , most likely it 's you . My recommendation is to take a look at your contract and see , and if you can not find it , contact the company and have them send you a copy . You will have a better idea where you stand after looking at the terms . Good luck , and thank you for asking ! "}
{"input": "Am I Liable If Someone Gets Hurt In My Timeshare? ", "output": "Time shares running as short term vacation rentals should have some sort of commercial liability on them . There is a great company CBIZ Vacation Rental Insurance Insuring these types of vacation rentals all over the US . I used to work for them and can still help if you are in AZ or WY . But all other states should contact them directly . "}
{"input": "Am I Liable If Someone Gets Hurt In My Timeshare? ", "output": "Let 's be realistic , your home is where you are at and a reasonably understanding of liability means you can be held responsible for the injuries a guest suffers while in your home . Your responsibility in any event is n't likely to absolve the property management company -LRB- or the property owner -RRB- of liability -LRB- or at least a duty to defend themselves -RRB- because no self-respecting plaintiff 's attorney would let a potential pocket full of money get by him or her in the process of assigning liability . The good news is that if you have home insurance you have some amount of liability insurance to protect for the injuries that someone may suffer as a consequence of your negligence anywhere you are at . That includes the time share you have bought and including the property you have traded for in your time-share relationship . Now , none of the latter should be construed to make you liable for any event , only to clarify that you are indeed responsible for your actions and that includes the space you may be occupying as a temporary residence , whether a time share or a hotel room . How much liability you have depends on plenty of things we could speculate on but the answer above stands for itself . Even if you are found to be free of liability , the cost of defense and getting to that point in time after an event is still costly and your liability coverage includes the benefit of defense against these allegations . Liability is expensive to defend and costly to pay for in the absence of insurance so a basic understanding of the tort of negligence and your duties is all I intend to imply in the latter answer . "}
{"input": "Why Buy Medicare Supplemental Insurance? ", "output": "Medicare is not meant to cover all charges and if you rely on Medicare alone you can have a lot of out of pocket expenses . Medicare has large deductibles and copay 's for hospital stays . There are annual deductibles for outpatient and doctor visits . Without a supplement you could owe thousands . "}
{"input": "How To Calculate Long Term Care Insurance? ", "output": "Long term care insurance is a morbidity product that is underwritten on the basis on medical and behavioral information . Medical information is based on your gender , age , smoking status , health history and current medical condition . Behavioral information is based on motor vehicle records , vocational and recreational hazards . "}
{"input": "Who Has The Best Long Term Care Insurance? ", "output": "It is hard to say who has the best long term care insurance because each company has its own special features . What may be best for one person may not be best for another . In reality , less companies are carrying long term care insurance than in the past , and it is not hard to compare the features of 3 to 5 companies to see which has the best policy for you . "}
{"input": "Is There A Minimum Percentage Of Premiums That Disability Carriers Have To Pay Out For Claims? ", "output": "Yes , across the country most , if not all , departments of insurance regulators require a minimum percentage of the premiums to be paid back to the policy holders . Depending on the state , the average requirement is between 60 % and 65 % . Generally , what you will see is the actual claims results increasing this percentage during periods of recession as many policy holders are inclined to go out on claim as a result of diminishing employment opportunities . "}
{"input": "Who Qualifies For AARP Health Insurance? ", "output": "AARP insurance is uusally associated with indiviuuals that are turning 65 or have already been on Medicare . AARP is part of United Health Insurance Company which also owns GoldenRule Insurance company thATwrites individual health insurance policies . UHC also owns a special needs company , Care Improvement Plus , whick writes `` special needs policies for individauls with heart conditiun , diabetes , COPD . If you have any pre-exisating conditions and have not applied for social security disablity please do so because no matter what yujr age is once you have drawn social security disability for 24 months you call qualify for Medicare . If you need health insurance/nedicare you should certainly speak with your nearest UHC agent "}
{"input": "Is A Gym Membership Covered By Medicare? ", "output": "Unfortunately , gym memberships are not covered by Medicare because they are not considered a medically necessary expense . However , there are some Medicare Advantage plans that can have some wellness programs and gym privileges covered . You would need to review each plan to find out if it provides that type of benefit in your area . "}
{"input": "Does State Farm Sell Disability Insurance? ", "output": "State Farm lists three types of Disability Insurance on their website : Disability Income Insurance , Mortgage Disability Income Insurance , and Individual Credit Disability Income Insurance . The Disability Income Insurance provides payments to the insured during a period of disability so that they can pay for an incurred expenses . State Farm also sells Group Long Term Disability Insurance . "}
{"input": "Does Life Insurance Pay For Accidental Death? ", "output": "Life insurance generally pays out death proceeds to the policy beneficiary at the death of the policy insured , no matter what the cause of death is.The exception is suicide during the first two years of the contract known as the contestability period and fraud resulting from misstatements or omissions . "}
{"input": "Does Life Insurance Pay For Accidental Death? ", "output": "Yes , Life Insurance pays for accidental death or death due to natural causes . Death due to natural causes is death due to and illness or internal malfunction of the body not caused by external forces . Death due to unnatural causes is called accidental death . Life insurance covers all types of death except suicide in the first two years . "}
{"input": "What Does A Million Dollar Life Insurance Cost? ", "output": "The cost for a million dollar life policy is really not the factor or question in most cases well there would be many questions to ask first one would be are you insurable for that face value and for what purpose or needs you have for this amount . Second would you need a single premium because you have acquired a million dollars and you are looking to invest in a safe tax free invest we can look further in to this see my profile and contact me button for a free consultation . "}
{"input": "What Does A Million Dollar Life Insurance Cost? ", "output": "I would n't be able to provide a figure for your without knowing more about what coverage structure you 're looking for and your medical history . The cost -LRB- premium -RRB- for a $ 1,000,000 life insurance policy depends on a number of factors so it will be different for everyone . These factors include their age , gender , how long they want the coverage for -LRB- 10 , 15 , 20 , 25 , or 30 year term insurance vs. permanent insurance -RRB- , and their risk classification -LRB- determined by the medical history -RRB- . The risk classification is the MOST critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends on a number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Please keep in mind - every carrier has their own set of underwriting guidelines , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . I would suggest consulting with an independent life insurance broker who can work with you on a personal level and help determine which carrier will be able to offer you the desired coverage at the lowest possible cost . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "What Does A Million Dollar Life Insurance Cost? ", "output": "There are a lot of factors to calculate a premium on any life insurance amount . An agent needs to know the type of life insurance either term or permanent . From there we need age , build , life style , health status , occupation , state of residence and insurable interest . The first question is why do you need a million dollars in life insurance ? "}
{"input": "How Can I Get Life Insurance Online In Texas? ", "output": "To get life insurance online in Texas , go to a website offering free , instant quotes , and enter your information . If a quote comes up for you , then that policy is probably offered in Texas . From there you can contact the agency , or they will most likely contact you , to confirm that you are qualified for that rate . You will be able to apply for the policy via mailed , emailed , faxed or digitally signed application . Once approved , you will receive the policy by mail . "}
{"input": "What Do They Check For When Applying For Life Insurance? ", "output": "When you apply for a life insurance policy , the life insurance company will nearly always check your driving record , pharmacy record , and MIB , even if you are applying for a policy that does not require a life insurance exam . They are checking for a suspended license , numerous traffic tickets , DUI 's , medications , and past health conditions the showed up when you applied for insurance in the past . If you are required to take a life insurance exam , they will check your blood and urine for HIV , diabetes , cholesterol , liver disease , other health conditions , and the presence of nicotine or drug metabolites . They will also weigh and measure you , take your blood pressure and pulse , and depending on your age and amount you apply for , may check for heart disease through use of a resting EKG or stress test . "}
{"input": "Can Health Insurance Be Cancelled? ", "output": "Health Insurance Companies can not drop you as a policyholder at will . The only reason thet may drop a policyholder is for not telling of a prexisting condition , fraud , and related misrepresentations . Non payment of premiums and if you are in a group plan with employers , and switch jobs then there is a chance you may stay on through the COBRA act . They can not discontinue coverageyou in the middle of treatment . As with all insurance companiesit is best to be truthful with all questions that are asked and that will save you time and error . "}
{"input": "What Are Contingent Annuities? ", "output": "Contingent annuities do not make payments to the beneficiary until a specified event triggers the payment to begin . This condition is set up when the annuity is secured . E.g. . The payment of the annuity may be contingent upon the death of the annuity holder , or upon the beneficiary retiring or becoming disabled . "}
{"input": "Will Health Insurance Pay For Implant Removal? ", "output": "It would depend on the reason for the removal . If your health is injeopardydue to the implant or complications of the implant then it may be covered . If however you just want it removed for cosmetic reasons then chances are it will not be . Check with your agent orinsurancecompany . "}
{"input": "Should You Save For Retirement Or Pay Off Debt? ", "output": "There is not an easy answer to this question as there are varying degrees of debt . It can become a math problem in determining the shortest distance between retiring debt while also accumulating savings for retirement . Generally speaking it is best to reduce the `` bad '' debt which is not tax-deductible and accruing high interest rates . You figure a credit card at 18 % interest is going to yield an immediate 18 % return on your investment by paying it off . However I would think twice before paying off a zero % car loan and instead use the bank 's money to fund your Roth IRA . Also , if you stop contributing to a 401 -LRB- k -RRB- plan you may be leaving `` free money '' on the table by neglecting the employer match if there is one . Overall , if you have an overwhelming amount of debt , it is best to tackle that first , but once it becomes manageable , to fire up the retirement savings , especially in a 401 -LRB- k -RRB- with an employer match . "}
{"input": "Should You Save For Retirement Or Pay Off Debt? ", "output": "Should you save for retirement or pay off debt ? My answer is BOTH . While paying off debt is important , waiting till your debt free may not be something you ever get to . It is important to get into the habit of setting aside some money for retirement . Time is the best investment return a person can have . If you have time , you can contribute less and let it work . Waiting till all debt is retired leaves you with a situation where you have to throw extra money into the plan to compensate for loss of time . For a lot of people , waiting to start is just a bad idea . Do both with what you have . "}
{"input": "Should You Save For Retirement Or Pay Off Debt? ", "output": "Debt comes in various colors . The interest on mortgage debt is a deductible item on your income taxes . Other forms of debt are not deductible . The interest rate charged on some debt is negligible while the cost of other debt can be onerous . Credit card debt comes to mind when I think of high interest rates . While I appreciate the thoughts about retiring debt before starting a retirement program , I think it would be wise to discuss this with a tax expert . Taxation can play a vital role in this decision because the contributions to a retirement program receive favored tax treatment , where plain ordinary debt doesnt . It seems to me that the key question is the extent to which the debt is exerting pressure on the family . If it is a small amount and being retired in a systematic manner , I think that starting a retirement program at the same time makes good sense . Dont forget that what a retirement program needs is time . Shifting capital into retirement early can be quite helpful . "}
{"input": "Should You Save For Retirement Or Pay Off Debt? ", "output": "When youre looking at the question of what comes first retirement or paying off debt , the answer is paying off debt . But everything really starts with a good self-inventory of your income and expenses and setting up a budget so you can start telling your money where to go instead of wondering where it all went . If you have never made a budget I can send you a free worksheet that outlines the different categories and roughly how much of your income should be going to each . After you have your budget in place your next step is to set up an emergency fund minimum of $ 500 to $ 1000 . Having an emergency fund can take the pressure off of lifes curve balls when they happen and it helps you stay on track with your budget . Then you should start paying down your debt , start with the smallest bills first , once one is paid off add that payment to the next smallest bill . Its like a snowball rolling downhill gaining momentum tackling bill after bill with more force . Your next step is to build your emergency fund up so that it could cover 3 to 6 months of your expenses in case of job loss or medical illness . Once thats in place then you can look at retirement planning . If you have any questions please feel free to call me . "}
{"input": "Should You Save For Retirement Or Pay Off Debt? ", "output": "That is a great question ! There are a couple schools of thought here , both with merit . One school will tell you to pay off debt first , and then contribute the amount that would have been paid to interest and loans to your retirement fund . The other will tell you to start funding your retirement early , so as to best utilize the power of time and compounding interest . I recommend a hybrid approach . If you have the opportunity to fund a workplace 401k with employer match , then contribute as much as you can to receive the employer match . It makes no sense to pass on that free money , and longer time at compounded interest will grow a fund faster than shorter time and larger contributions . If that is n't an option , then open a Roth account , and fund it with automatic deposits of whatever amount you can afford . At the same time , working off a detailed budget , we work at reducing the debt , and creating an emergency savings . The ` snowball ' payment method is one that I 've found to be effective in creating excitement and motivation in reducing debt . I 've found that with most clients finding the money to be able to work on those goals simultaneously is n't hard to do , once we 've scoured their spending habits and expenses . Having automated deposits to pay your savings and Roth are also big key steps - what you do n't see , you do n't miss ! I 'm certain that you will get several differing opinions and answers to your question , so I 'd ask that you really think them over , and work with the answer that feels best to you . Find an adviser that can help you get where you need to be . Thanks for asking ! "}
{"input": "Does Humana Replace Medicare? ", "output": "Humana offers both Medicare Advantage Plans and Medicare Supplemental Insurance Plans . Humana Medicare Supplemental Plans do not replace Medicare ; they supplement the benefits offered by Medicare Part A and Part B. Humana Medicare Advantage Plans do not exactly replace Medicare , but they offer the full package of Medicare Part A and B and additional coverage in one package . "}
{"input": "How To Sign Up For Obamacare? ", "output": "There are a few ways to sign up for health insurance . To sign up for a qualified health care plan be sure and buy one off the Marketplace , healthcare.gov , or be sure and ask your agent or broker if it meets the new ACA laws . You may qualify for a subsidy to help pay for the premiums . It is based on you household income and the number of dependents in your home "}
{"input": "What Happens If You Don'T Have Long Term Care Insurance? ", "output": "Private long term care insurance protects your income and financial assets from being decimated as a result of long term care expenses . If you do not have this coverage , which shifts the risk to the insurance company , you retain the risk . In the event you need assistance with at least two of six of the activities of daily living , the costs can add up . Whether at home , in an assisted living facility or nursing home , the costs for care can easily exceed $ 250 per day with average stays of 3 years or more . "}
{"input": "Do I Qualify For Medicare In Tennessee? ", "output": "To see if you qualify for Medicare in Tennessee , you can go to the www.medicare.gov website and answer their little questionnaire . That immediately tells you if you qualify . To qualify for Medicare in Tennessee and the other 49 states in the US , you need to be age 65 and have paid Social Security taxes for at least 10 years . If you have not done that , there are a few other ways you can receive Medicare , with being disabled for 24 months another big reason people qualify for Medicare . "}
{"input": "Can I Have Two Types Of Health Insurance? ", "output": "Yes , you can generally have any number of health insurance plans you want . Several people have a primary and secondary health insurer . The secondary insurance typically covers health care costs that the primary insurance policy does not cover . If you do have two health insurance plans , you should be sure to make the health care provider well aware of this fact so they know to coordinate between the multiple insurers and bill accordingly . "}
{"input": "How Many Different Types Of Annuities Are There? ", "output": "Types you will hear reference to are : Fixed , Variable , Equity Indexed , Immediate , Deferred , Single Premium , Flexible Premium , with withdrawal penalties , and without withdrawal penalties . Fixed annuities provide guaranteed , fixed payments for the life of the contract . Variable annuities are tied to the market with minimal guarantees but potential for more growth . Immediate annuities are payed with a single premium . Deferred annuities have an accumulation phase in which premiums are paid in periodically . "}
{"input": "How Many Different Types Of Annuities Are There? ", "output": "The two main types of annuities are immediate and deferred : The policy earning crediting methods are diverse with some annuities using interest rates for fixed annuities , indices for indexed annuities and separate sub accounts in variable annuities . Annuities can be qualified by using them in an ERSIA retirement plan or non qualified . "}
{"input": "What Is Eclipse Indexed Life Insurance? ", "output": "Eclipse Indexed Universal Life insurance is type of policy offered by Minnesota Life , a subsidiary of Securian Financial Group . Eclipse Indexed Universal Life , like most Indexed Universal Life -LRB- IUL -RRB- policies , provides for a death benefit while also allowing for the accumulation of cash based on fixed and indexed accounts . "}
{"input": "What Does Basic Medicare Cover? ", "output": "Basic Medicare , Medicare Part A and Part B cover most health care that is considered to be medically necessary . Cosmetic surgery for vanity reasons is an example of something that is not medically necessary . Part A covers hospital inpatient related charges after you have satisfied your deductible . Part B covers outpatient charges after the deductible . "}
{"input": "What Is The Commission On A Single Premium Life Insurance Policy? ", "output": "Commissions vary by carriers , but on average the first year commission on a single premium whole life insurance policy is around 3 to 4 % on fully underwritten policies -LRB- i.e. you undergo complete medical review to determine eligibility for coverage -RRB- . For policies that are issued on a guaranteed issue basis , commissions tend to be higher averaging around 7 % and can range as high as 12-15 % . "}
{"input": "When Is Best Time To Buy Long Term Care Insurance? ", "output": "Long term care is generally addressed by advisers around age 50 . But most Americans purchase long term care insurance around age 60 . You could consider purchasing long term care insurance when you 're young and healthy , if your family health history shows a predisposition to chronic health or nursing home confinement in their early senior years . "}
{"input": "When Is Best Time To Buy Long Term Care Insurance? ", "output": "It is best to buy long term care insurance by age 60 so that you can take advantage of the lower rates that younger ages offer , and also so that you can hopefully precede any health conditions that often occur at older ages . The underwriting for Long Term Care Insurance is stricter than Life Insurance , so applying while able to qualify is important . "}
{"input": "How Much Long Term Care Insurance Is Needed? ", "output": "Most Americans have finally come to terms that they will be living longer and require some help in their senior years . Long term care needs to cover assisted living and/or nursing home care generally during retirement . Those costs can be daunting . So it 's important to purchase the maximum coverage . A male non smoker age 60 in good health may pay around $ 300 a month for $ 7000 a month benefits to a limitation of $ 420,000 . "}
{"input": "How Much Long Term Care Insurance Is Needed? ", "output": "How much long term care coverage is required ? It will depend on the cost of care where you will receive it . You can find online information that will let you see the cost of care in your state . That will help you figure what you will need for costs . You can also find the average duration a person stays under care . This will help with figuring out how long you 'll need coverage . There is a lot of information to help you create a plan that will provide a solid level of coverage and duration without breaking you financially . "}
{"input": "Why Not Buy Whole Life Insurance? ", "output": "You should buy whole life to cover those expenses which you anticipate you will owe or want to disburse regardless of when you die . The whole life policy lets you budget a premium that will not increase until the day of death . Nothing is left to chance as the company guarantees the adequacy of the premium , the amount of the death claim , and the length of time that the coverage will last . "}
{"input": "Why Not Buy Whole Life Insurance? ", "output": "Participating whole life insurance is suitable for conservative minded people who like contractual guarantees throughout their lifetime . But guaranteed universal life can generally cover you for less money with premium guarantees , even less expensive if you only need term life insurance . Indemnification products are priced for coverage more than they are for rates of return . "}
{"input": "Why Not Buy Whole Life Insurance? ", "output": "Why not buy whole life insurance ? Well , you know you 're right , why not ? It is the only policy you actually control , they ca n't take it away or price you out of it . They ca n't make changes without your permission , they ca n't really do anything because you control the policy . That is why whole life is more expensive than other types of coverage . The insurance company is giving up control to the insured , so would they price that low or high ? There are a ton of other reasons as well , but I want to keep this brief . "}
{"input": "Renters Insurance Who Does It Cover? ", "output": "Great question ! Typically a policy , whether it is a renters , health or life insurance policy will only cover the person or persons named on the policy . So if you put you and your spouse , you both are covered . If you name your family , then you all are covered . If it is just you , and you have a roommate who is not named , you are covered , they are most likely not . Check your policy and see who is listed , and who they will cover , or call your agent and have them tell you . Thanks for asking ! "}
{"input": "Will Homeowners Insurance Cover Shingles? ", "output": "Shingles is an awful disease and often adults will get Shingles later in life . The recovery time is longer than you expect and it is certainly a disease to avoid if possible . About half of the population gets Shingles before they turn 80 . Homeowner 's insurance , of course , does not pay for it . However , if you are referring to shingles on your roof ... yes , if part of an approved claim , they are covered ! Obviously , if your roof is damaged in a tornado , you may need new shingles . Not the disease though . "}
{"input": "Will Homeowners Insurance Cover Shingles? ", "output": "Roofing and or siding shingles are considered to be a part of the over all structure of a home and therefore , if damaged or destroyed by a covered peril in your policy , would be included in that coverage . Talk to your Insurance Professional about the specific terms and conditions of your policy as well as any limitations to gain the best understanding of what is and is not covered and to what extent . Naturally , any covered loss will be settled subject to your policy deductible along with all other specifics of the policy terms . Be sure to find out if your policy includes a replacement guarantee loss settlement in that conversation . Bundled and stored shingles would be considered Personal Property and thus covered under that portion of your policy as opposed to the dwelling portion . "}
{"input": "Does Medicare Pay For Circumcision? ", "output": "Most likely Medicare will not pay for circumcision.Very few circumcisions are performed on adults . Medicare covers people over the age of 65 . Many health insurance plans will not cover ritual circumcision . It is viewed as an elective procedure . Some plans will cover the procedure if deemed medically necessary . A greater percentage of claims are paid when there is a medical diagnosis such as phimosis . "}
{"input": "What Is Palmetto Gba Medicare? ", "output": "Palmetto GBA -LRB- Government Benefits Administrators -RRB- is a wholly owned subsidiary of BlueCrossBlueShield of South Carolina . The company is headquartered in Columbia , SC . Palmetto GBA has administered complex transaction processing for the Centers of Medicare and Medicaid -LRB- CMS -RRB- since the inception of Medicare in 1965 . They have employees in 14 states . "}
{"input": "Why Is The Cost Of Health Insurance Rising? ", "output": "The high cost of Medical bills and drugs are the primary reason . Also with the new mandates companies are being forced to change their rate structure to accommodate provisions in the law that were not available before . Health Insurance rates do not have any choice but to go up , especially when the mandates kick in in 2014 and they are forced to take on previously unacceptable risks and move to community rating instead of age based rating . "}
{"input": "Why Is The Cost Of Health Insurance Rising? ", "output": "Utilization drives the cost of health care , and in turn health insurance , more than anything else . Health insurance has changed to the point that most people expect to pay no more than $ 20 for medical services . This leads to over utilization , especially on routine doctor visits and prescription drugs , especially brand names . "}
{"input": "How Long To Plan For Retirement? ", "output": "Retirement planning should begin now . It is never too soon . Retirees rarely think that they have too much money . Because many retirement programs offer tax free compounding of earnings , the results of an early start are truly amazing . Determine what the maximum amount you can legally contribute to an IRA , pension plan or whatever program available to you . Try to put aside as much or that maximum amount every month . Stick with your plan . "}
{"input": "How Long To Plan For Retirement? ", "output": "Planning for retirement requires paying yourself first with disciplined deposits into a retirement account from every paycheck from the first day of employment . If your employer sponsors a defined contribution plan and matches a portion of your contribution , do it ! If there is no retirement plan at work , consider an IRA or Roth IRA . You should face the fact that you may be working until age 70 because of the new mortality trends in life expectancy and living to at least age 90 . "}
{"input": "Does Health Insurance Cover Elective C-Sections? ", "output": "Based on my 32 years of experience as a broker , I do not believe that an elective C-Section is covered by a standard individual or private health insurance plan . I am assuming that the normal vaginal delivery was recommended and deemed safe for the expectant mother and the attending physician did NOT recommend the C-Section . "}
{"input": "Can Medicaid Take My Life Insurance? ", "output": "When you apply for Medicaid , a representative of the US Dept of Health and Human Services will meet with you to determine your eligibility . There is a limit on how much income you can have , and also a limit on the amount of assets you have , in order to qualify for Medicaid . Your assets do include any cash value life insurance policies that you own . If you have Term insurance , it will not be counted , because there is no cash value in Term life insurance . If your cash value in Whole or Universal Life exceeds a certain amount , you have some options . You may be able to designate it for your funeral expenses . Or you may be able to use the cash value for long term care expenses and keep at least part of the death benefit . Your social worker will help you with your Medicaid spend down , but you can also contact a reputable life insurance agent or attorney to assist you . "}
{"input": "Can Medicaid Take My Life Insurance? ", "output": "No , Medicaid can not take your Life Insurance policy . Your policy is your own contract with the Life Insurance company . It is protected from creditors and even lump sum and tax free upon distribution to the beneficiary . Medicaid is a government program that pays medical bills for qualified income applicants and has none to do with Life Insurance . "}
{"input": "Can Medicaid Take My Life Insurance? ", "output": "Typically , Medicaid can not take your life insurance policy . If you have a large cash value policy , such as whole life insurance or universal life insurance , the cash value is considered an asset and could keep you from qualifying for Medicaid , but they can not take your policy away . The policy you own is a contract between you and the life insurance company you purchased it from and no one can take that away from you . If you own a term life policy with no cash value , then Medicaid will not consider it an asset and it is irrelevant to your qualifying . "}
{"input": "How Liquid Are Annuities? ", "output": "Traditional annuities are very liquid . They can be surrendered immediately with proceeds reaching you in a few working days . They may have surrender charges depending upon the contract and the length of time it has been in force , so the full value of the annuity might not be available to you . "}
{"input": "How Liquid Are Annuities? ", "output": "Non qualified tax deferred annuities have surrender charges . In the early years , surrender charges can be expensive . Many annuities allow for a 10 % free withdrawal , but the gain is subject to ordinary income tax . Market adjustment annuities that can change the interest rate credited to the policy if it 's surrendered before the contract period , which to some is a liquidity issue . "}
{"input": "How Liquid Are Annuities? ", "output": "To expand on what Steve said already . There are a few other liquidity options with Fixed Annuities . Some -LRB- but not many -RRB- allow for 15 % Surrender Charge free withdrawals . Also , most Deferred Fixed Annuities waive the Surrender Charges if you have a Long Term Care need , or if you are terminally ill . Like all withdrawals from Annuities , this would be subject to capital gains tax . Or if it is in an IRA it would be subject to Income Taxes . "}
{"input": "When Should I Get A Life Insurance? ", "output": "My advise is to get a Whole Life insurance policy as soon as possible ! As Jim commented above premiums are lower the younger you are . That 's true for all types of life insurance , but the real advantage to buying a policy early is when you buy a Whole Life policy from a Mutual company that pays dividends on top of the minimum interest on your cash value . The longer you let the cash value grow the more you 'll have at your disposal when you want or need it to supplement your retirement income ! "}
{"input": "When Should I Get A Life Insurance? ", "output": "You should get a life insurance policy when you have a need for the coverage . Many times a need arises when certain life events happen such as getting married , having a child , running a business with partners . For personal insurance , many people get life insurance to protect their family from financial struggles in the event of their death - in these cases , the need may be your family maintaining their current lifestyle -LRB- income replacement -RRB- , paying off your child 's college tuition , mortgage , cars , burial expenses , or other outstanding expenses . For business insurance , if you have business partners , you all may want to set up a buy-sell agreement to instruct what will happen to the ownership of the business in the event one of the partners dies or set up a key-man policy . Many individuals also buy life insurance for estate planning purposes -LRB- e.g. paying off taxes for asset transference -RRB- - you can look in to creating trusts to handle how you want the life insurance proceeds to be distributed -LRB- e.g. a revocable or irrevocable life insurance trust -RRB- . In these cases , you want to work with an independent life insurance agent/broker who has a strong background in estate planning - they will likely have referrals to estate planning attorneys as well . "}
{"input": "When Should I Get A Life Insurance? ", "output": "You can get life insurance whenever you want . Chances are , if you are thinking about it , you already have a need for it . Life insurance is one of those things that it almost never helps to put it off , unless you have to due to a recent medical diagnosis . Because prices go up as you age , it will probably never be cheaper than it is today . "}
{"input": "When Should I Get A Life Insurance? ", "output": "That is a great question ! Life insurance is one of those things where the younger you are when you get it , the cheaper it will be . I pay $ 5 a month for the policy that my Dad bought for me when I was a child . If I were to purchase the same policy today , I guarantee you I 'd pay a whole lot more . My practice is to advise protecting yourself and your children by purchasing a policy at as young an age as possible . Children unfortunately pass , or develop illnesses that can be devastating financial hardships , or prevent them from getting affordable insurance later in life . I hope that helps , if you 'd like more detail , please drop me a line . Thanks for asking ! "}
{"input": "Can You Borrow Against Globe Life Insurance? ", "output": "Borrowing against a life insurance policy requires cash value inside that policy . Term life insurance does n't have cash value , but whole life insurance policies may . So , you would need to have a whole life policy with Global Life Insurance in order to be able to borrow against it . Call up your company and ask if you have any cash value inside your policy and what the borrowing options and costs are . "}
{"input": "Can You Borrow Against Globe Life Insurance? ", "output": "In a word - No . Globe life insurance is Term insurance , which has no cash value . Since it has no cash value there is nothing to borrow against . Only with ` Permanent ' types of insurance such as Whole Life and the various Universal Life policies is there value associated against which one may borrow . And I always caution people about `` Universal '' life policies , because they can and often do run out of cash value and even expire before the owner is aware of what happened . Whole Life is the only truly permanent life insurance and the premiums never increase . And you know in advance what the guaranteed cash value will be at any future date . And the cash value may be much more than the guaranteed value . "}
{"input": "Does Medicare Cover Assisted Living Homes? ", "output": "No , Medicare was never intended to be used for long term care . Medicare has very limited benefits when it comes to nursing home care and no benefits for assisted living . If you need help with assisted living and are being told by Medicaid that you have too many assets , a good care resource planner or elder law attorney may be able to help you preserve some of your assets and get you the help you need sooner . "}
{"input": "Will Home Insurance Cover Bat Removal? ", "output": "It is always best to check with your Insurance Professional and discuss the specific terms and conditions of your policy , however , in most cases , bat damage is not a covered peril in most Homeowners ' policies . As a result the cost to remove the bats would also not therefore be covered . "}
{"input": "What To Ask When Buying Life Insurance? ", "output": "Rather than questions I would suggest that you observe the following about the agent . Does this agent listen ? Does this agent offer sound financial advice ? Does this agent communicate clearly with you and the insurance company ? In the end the most important thing you will do is select the limit of coverage . Other aspects of the transaction are really incidental . Will this agent set up a plan to ease the transition for those you love in the event of your premature death ? Little else really matters . "}
{"input": "What To Ask When Buying Life Insurance? ", "output": "When buying life insurance it is a good idea to ask the following : 1 -RRB- What guarantees does the policy offer ? a. Is the premium guaranteed not to go up , and if so , for how long ? b. Is the face amount guaranteed not to go down ? c. Is the interest rate guaranteed ? 2 -RRB- Are there any exclusions or caveats ? 3 -RRB- Ask questions about the type of policy you are getting if you are not acquainted with it . 4 -RRB- Ask the rating of the company . 5 -RRB- Ask what options are included and what can be added on as riders . a . If Term , is the policy convertible ? b. Can the policy be extended ? c. Can I borrow from it ? 6 -RRB- If permanent insurance , inquire about charges . 7 -RRB- Ask if that agent will be around to assist you with customer service in the future . "}
{"input": "Does Homeowners Insurance Cover Dog Attacks? ", "output": "It is best to discuss this with your Insurance Professional in order to completely understand the terms , conditions and limitations of your policy . Some companies may limit or exclude the amount of coverage available for such liability claims . Others may approve or disapprove Homeowners coverage depending upon the breed of the dog you may have . "}
{"input": "How Much Is Health Insurance For A Married Couple? ", "output": "Individual health insurance , per the requirements of the Affordable Care Act after January 1 , 2014 , is sold on a community rated basis . This is a much different method than has been used by the majority of states and so while it would have been difficult to answer your question in the past it 's virtually impossible now . You are simply going to have to get some quotes . Factors such as your state of residence -LRB- and where you reside within a state -RRB- , your and any covered dependents dates of birth , the number of covered dependents under 21 and the number over age 21 , the tobacco use status of you and/or any covered dependents , are all factors applied when calculating an individual health insurance rate . Obviously , these factors are unique for each person 's situation , that 's why no one can just say `` it will be $ 500 per month '' . You can do some online searches , you can go to the websites of health insurance carriers , you can even go to Healthcare.gov to get some ideas of what different plans , from different carriers , with different provider networks , and vastly differing rules will cost you and cover . And you may figure out correctly if you would qualify for any subsidy in the government marketplaces . Or , you can look health up a qualified health insurance broker , tell them your information and what you are looking for in general terms and they will do all the work for you , explain the subtle and not-so-subtle differences between different individual health insurance carriers , and help you make an informed decision . All for the same price as doing it yourself . For help please feel free to visit my web site . "}
{"input": "How Much Is Health Insurance For A Married Couple? ", "output": "The cost for health insurance for married couples depends on a few factors . 1 . Age at time of appliction 2 . The area where you live 3 . How many dependents you have 4 . If your eligible for a tax credit to be applied to premiums Should you want toget more information and quotes , you can view my profile and link to my company 's website for carriers we represent in your area . "}
{"input": "Will Renters Insurance Cover Fire? ", "output": "Under most circumstances yes , renters insurance will provide coverage for a fire . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "How To Choose A Home Insurance Company? ", "output": "Home insurance coverage should be consistent with other coverage you purchase , like auto insurance . Similar amounts of insurance , enough to cover the cost to repair or replace your home and other property . Similar liability limits , in case your negligence injures someone . Similar perils , if your car is covered for `` any '' damage , your home and property should be as well . Similar deductibles , I suggest deductibles not less than $ 1000 . And it is not a bad idea to combine coverage with the same insurer whenever possible . Its better to deal with someone you already know and trust.If you do n't , it may be a good time to find new auto insurance as well . "}
{"input": "How To Get The Best Health Insurance Rate? ", "output": "There are many steps you can take to get the lowest available health insurance rate . Of course , working with an experienced health insurance broker could potentially save a large amount of money and enrollment time . Here 's why : The calculation of your federal subsidy is critical to understanding which available plans are best for your specific circumstances , and which plans will be the least expensive . For example , cost-sharing `` Silver '' Exchange options are a hidden gem that many inexperienced navigators and brokers may not be aware of . Also , if you miss Open Enrollment or need to buy an `` off-Exchange '' plan , there are specific policies that will work best for you . It 's critical to accurately compare prices and understand why certain plans are the best options . "}
{"input": "How To Get The Best Health Insurance Rate? ", "output": "With the most recent implementation of the Affordable Care Act 's provisions effective January 1 , 2014 the answer to your question in the individual health insurance marketplace is to shop all of the options available to you and do n't smoke . Selecting health insurance plans has n't really gotten any simpler for the consumer so I would recommend you seek out the guidance of a health insurance broker -LRB- it 's not going to cost you any more -RRB- . Tobacco usage is really the only rating variable allowed under the health care reform law and even that option is not applied uniformly by all insurance carriers . However , in today 's individual health insurance marketplace your rates are going to be determined by your age without any considerations for health status , height & weight or sex . So , in practical terms there is virtually nothing the individual consumer can do to impact their health insurance rate "}
{"input": "What Is Disability Insurance For Pregnancy? ", "output": "The type of Disability Insurance that covers normal pregnancy is Short Term Disability , or `` Sick Leave '' . Long Term Disability will cover complications experienced while pregnant or as a results of childbirth or recovery from childbirth . But Long Term Disability will not cover time off due to a normal pregnancy . "}
{"input": "Can Someone With High Blood Pressure Get Life Insurance? ", "output": "Insurance companies look at hypertension in several ways . Some will ask if blood pressure readings have been above a certain number for the last few years or more . Some will ask the average of readings for the past one or more years . The number and type of medications is considered , and of course , the cause for the hypertension . Secondary hypertension caused by disease elsewhere in the body , CHF , etc are underwritten as a higher risk . To get the lowest priced life insurance policy with high blood pressure , contact a good impaired risk agency that knows how to shop multiple carriers to get your best rate . "}
{"input": "Can Someone With High Blood Pressure Get Life Insurance? ", "output": "As long as the hypertension is controlled and not excessively high or complicated by other factors which on their own could be reasons to make the proposed insured a substandard risk , high blood pressure should not prevent one from obtaining life insurance . If however the condition is not under control , it might not be possible to obtain an underwritten life insurance policy . Consult with an experienced life insurance professional who will be able to shop the market for the best fit . "}
{"input": "Can Someone With High Blood Pressure Get Life Insurance? ", "output": "Generally speaking managed high blood pressure with no other outstanding impairments should be an obstacle to securing life insurance coverage . Prescription dosage , weight and other contributing factor my play a role in the final offer . Keep in mind that certain life insurance companies appear more benevolent to high blood pressure , hypertension , heart murmurs and other cardiac issues . So it pays to shop around . "}
{"input": "How Do I Calculate How Much Life Insurance I Need? ", "output": "The conventional approach is to go through a `` needs analysis '' . This method attempts to determine the minimum acceptable amount of coverage you `` need '' in order to meet your stated objectives , such as final expenses , college costs , mortgage payoff , emergency fund , etc. . It is a math calculation based on your estimate of variables such as inflation , taxes , and rate of return . A more meaningful approach is to simply decide how much of your income you want to continue to your family when you die and for how long . After all , it 's your income that ultimately pays for all the individual items mentioned above . Then , an amount of coverage can be calculated based on the same assumptions as in the needs analysis . "}
{"input": "How Good Is Liberty Mutual Auto Insurance? ", "output": "Liberty Mutual is one of the top insurance companies in the nation considering policy options , customer service , claims , response and repair . I would recommend always insuring with well known , established insurance carriers . If you consider smaller , lesser known insurance carriers then be sure to research them and trust your intuition . No matter what insurance company you 're considering , the more open you are to discussing your auto insurance with an agent , the more they can identify your needs and provide the best policy for you . "}
{"input": "Can A Company Deduct Life Insurance Premiums? ", "output": "The simple answer to your question is that insurance premiums ARE NOT a deductible expense for anyone . However , depending upon the use of the insurance , for instance , as part of an Supplemental Executive Retirement Plan -LRB- SERP plans -RRB- , there are tax benefits -LRB- deduction -RRB- to the employer realized when the policy 's cash value is paid out to the employee . Additionally , administrative costs may be tax-deductible as a business expense . Separately , under anexecutive bonus plans where the bonus is paid directly in the form of premium payments to the insurer for policies owned and FBO of the executive , the employer has no ERISA reporting , potentially tax deductible costs and can avert tax rules applicable to Qualified Pans and employer owner line insurance . Please feel free to contact me through my profile if you have additional questions . "}
{"input": "How Much Is A Term Life Insurance Policy? ", "output": "The cost of Term Life Insurance varies according to the age , health , tobacco status , and gender of the person buying it . It also varies according to the face amount and length of the term . Generally speaking , the longer the term , the higher the premium . However , if someone gets a short term policy and then must find a new one , they may find that their health has deteriorated and they end up paying much higher premiums for the next policy . In that sense , sometimes buying a long term policy from the start can save the policy owner a lot of money . "}
{"input": "My Friend Wrecked My Car. What Happens Now? ", "output": "The claim will be investigated and fault will be determined . If it was the other parties fault then if all goes well the other parties insurance will pay for the damages . If not then plan B is since you do not have physical damage coverage on your own policy which would normally pay for damages then next in line would be your friends policy which should cover the damages . Of course all of this depends on if there are any exclusions in the policies . "}
{"input": "Does auto insurance cover theft? ", "output": "There are essentially two parts to an auto insurance policy . Liability coverage , or as some refer to it as PL/PD and physical damage coverage . Most states require some form of liability coverage in order to drive your vehicle legally . But physical damage is an optional coverage you can purchase to protect your vehicle . The most common coverage you will find under the physical damage is comprehensive and collision coverage . Where collision coverage covers just that , collision with another vehicle , comprehensive coverage picks up other than collision coverages . Comprehensive provides coverage for losses from fire , theft , hail , falling objects , glass breakage and car/animal accidents . Comprehensive provides coverage for loss or damage to your vehicle and its equipment cause by theft , larceny or robbery . It also provides coverage in the event you are tricked into giving your vehicle to another person under false pretenses . Please note that you are subject to your deductible in the event of a loss . What this means is that the insurance company will pay you for the loss less your deductible which may range from $ 0 to $ 500 dollars depending on your insurance carrier . To stay competitive some insurance companies may offer special perks in their auto coverage such as waiving the deductibles or providing additional coverage such as rental car coverage in the event of theft . So be sure to check with your insurance agent or carrier to see if they provide this coverage . "}
{"input": "Does auto insurance cover theft? ", "output": "Theft is a covered peril in an auto policy provided that you carry the physical damage portion known as `` Comprehensive '' . This provides coverage to repair or replace your car if it is damaged or lost as a result of fire , theft , vandalism , coming into contact with an animal , being hit by a falling or flying object etc. . Any settlement would of course be subject to your policy deductible . "}
{"input": "Does auto insurance cover theft? ", "output": "Auto insurance policy does cover theft if the insured at time of loss is carrying physical damage coverage . The comprehensive portion of the physical damage coverage will cover any theft claim minus the applicable deductible . If the insured at the time of loss is carrying a $ 500 deductible and vehicle is valued at $ 10,000 then the insurance company will pay out a $ 9,500 theft claim to the insured . Hope this was helpfull "}
{"input": "Does auto insurance cover theft? ", "output": "Yes insurance can cover it as long as you have the Comprehensive and Collision coverage on your policy , the Comprehenisive part will cover theft because it 's something you ca n't control . You would just have to take care of your deductable first and the insurance company would take care fo the rest . "}
{"input": "Does auto insurance cover theft? ", "output": "There is a current surge in auto theft in our area . This appears to be drug related . Only insurance policies with comprehensive coverage provide protection against a theft loss . Many drivers opt for the basic form of auto insurance required by law . Their loss by theft would not be covered . "}
{"input": "What Does Long Term Care Insurance Not Cover? ", "output": "Long-term care insurance benefits do not cover acute medical problems , but rather addresses chronic medical situations . Acute medical problems would include such things as a broken arm or abdominal surgery . Major medical , Medicare , and Medicaid would be sources of insurance coverage for those events . Chronic medical problems involve conditionsfrom whicha person is not likely to ever recover . Such conditions might include multiple sclerosis , Alzheimer 's disease , osteoporosis , or auto-immune diseases . Just having a chronic disease or condition does not necessarily trigger the payment of benefits from a long-term care policy , however . One must be medically certified by a health care professional that there is an inability to perform at least two of six specified daily activities -LRB- such as getting dressed , feeding oneself , etc. -RRB- , or having been diagnosed with a cognitive impairment . Long-term care insurance will not pay for medical costs of a chronic condition if a person can successfully get around and take care of themselves . "}
{"input": "Can Medicare Have Dependents? ", "output": "No , Medicare is a health plan for individuals , and does not provide for dependents . Each person that receives Medicare must be eligible based on paying into Social Security taxes the required length of time -LRB- or if a spouse who did not work outside the home , based on the spouse 's contributions -RRB- and turning age 65 -LRB- or being disabled 2 + years or or a couple more situations -RRB- . If one spouse turns 65 and starts receiving Medicare , the other under-age-65 spouse , or children of the couple , can not receive Medicare based on that alone . "}
{"input": "Can Medicare Have Dependents? ", "output": "There is only one Medicare beneficiary per Medicare card , no dependents . You may receive medicare when turning 65 also know as aging in and or medicare disability after being certified on disability for 24 months . An excellent resource for answering your medicare questions can be found at www.medicare.gov "}
{"input": "What Is The Best Health Insurance You Can Buy? ", "output": "Although there are several ways to qualify `` best '' , I will try to adress some of the most popular views of what would be best . If you are refering to the best coverage then a `` Platnum '' plan - 90 % coinsurance coverage from the insurance company , with little to no deductable , this type of coverage would be structured as a PPO plan . If you are refering to the best coverage at the lowest cost then a Consumer Directed Health Plan would be the best way to ballance the two opposing variables . CDHP 's are health insurance policies that combine a variety of different structuring options -LRB- PPO , POS , HMO , etc. . -RRB- , however they have a high deductable that must be meet before the policies coinsurance would cover many medical services -LRB- except for routine , and preventitive care -RRB- . The high deductable reduces the cost of the plan and is offset by a Medical Savings/Expense account . "}
{"input": "Can Health Insurance Premiums Be Claimed On Taxes? ", "output": "Health insurance premiums may be able to be deducted on your taxes , although the schedule you file and the type of benefits you receive will be a factor . Whether you itemize , are self-employed or file as a corporation will all impact the destructibility . A CPA or a tax-professional -LRB- and perhaps Turbo Tax -RRB- will be a great resource . "}
{"input": "How Is Auto Insurance Rated? ", "output": "Auto insurance is rated based on many factors . Some of the more common factors are , geographic location , age , driving record , marital status , number of drivers in the household , and credit rating just to mention a few . When shopping for your auto insurance always remember price is n't everything . Use a local agent that you are comfortable with , remember they are going to be first and last line when it comes to a claim or assisting with your coverage . "}
{"input": "How Is Auto Insurance Rated? ", "output": "In California auto insurance is rated by the year , make and model of the car . Another factor is the driving records of all the members of the household with the car . A major factor is the number of miles the vehicle travels . In California the insurance company does not do a credit check . The company will also check the intended use of the vehicle.c "}
{"input": "Will Medicare Cover Weight Loss Programs? ", "output": "Medicare will cover weight loss programs when weight has a direct impact on health . Some health conditions that may be alleviated by weight loss are sleep apnea , hypertension , joint pain , and diabetes type 2 . Medicare will pay for 3 hours of weight management counseling the first year and two hours of counseling each year after that . If further treatment is needed , Medicare can provide more , including gastric bypass surgery , if needed . "}
{"input": "Will Medicare Cover Weight Loss Programs? ", "output": "In some situations Medicare will cover weight loss programs . If you have medical conditions that can be treated or better managed with weight loss , Medicare may pay for weight loss counseling . If weight loss is needed to minimize or avoid complications of surgery , Medicare may pay for weight loss programs . "}
{"input": "Does Progressive Offer Life Insurance? ", "output": "Progressive is mainly known for car insurance . All or most car insurance companies WILL sell you life insurance but it 's not their main focus . And if you shop and compare it to companies that are mainly focused on life insurance , it is unlikely that you would decide to go with them or any other car insurance company for your life insurance . That would be like ordering a hamburger at Red Lobster . They could probably sell you one but it 's not really what they do . "}
{"input": "Does Progressive Offer Life Insurance? ", "output": "Many property & casualty insurance companies will offer all lines of insurance as they want you to work through them even though they do not specifically offer life insurance as one of their products . Agreements are made with life agencies or companies to handle the life cases . One stop shopping as I sometimes refer to it . This keeps the company in front of you more often so when you have a need , you think of them . "}
{"input": "Does Progressive Offer Life Insurance? ", "output": "Progressive is not licensed to sell life insurance . Progressive Casualty Insurance Company advertises life insurance that is carried through another online life insurance agency , but Progressive does not offer or underwrite those products or services , and is not responsible for the life insurance sold by that agency or the content on their website . "}
{"input": "Does Progressive Insurance Have Life Insurance? ", "output": "Progressive Insurance company is a property and causality company and does not have a life insurance division . The independent agents that sell Progressive Insurance usually represent other life insurance companies and `` bundle '' life insurance with your auto insurance as an `` up sell '' or convenience to the client . Have your life insurance policy reviewed by an unbiased independent life insurance broker to be sure you have the right term life to accomplish your goals and not over paying . It is difficult for an agent to be an expert at every type of insurance sold . "}
{"input": "Does Progressive Insurance Have Life Insurance? ", "output": "Progressive is Progressive Casualty Insurance Company . The company does not offer its own life insurance products . Rather it advertises that you can obtain life insurance quotes through another agency . Progressive is not responsible for the content of the website or products sold by that other online life insurance agency . "}
{"input": "Can Life Insurance Companies Drop You? ", "output": "Assuming you mean drop you after your policy was issued and in force , the answer is no . But if during the two year contestability period , material misstatements or omissions were discovered , a life insurance company would more than likely return your premiums with interest and invalidate the policy . "}
{"input": "Can Life Insurance Companies Drop You? ", "output": "Can life insurance companies drop you ? In the first two years , during the contestability period of a new policy , yes they can if they find a material misstatement on the application . Actually in some states , for certain issues the state can waive the two year limitation and extend the clause for the life of the policy . In my state , it would be misstating about smoking . "}
{"input": "Can Life Insurance Companies Drop You? ", "output": "Many people worry that their life insurance policies will drop them if they develop a health condition , as can happen with health insurance . The fact is , if you filled out your life insurance application honestly , complied with whatever they asked you to do , and got a policy , that policy is yours to keep . You can have a heart attack the next month and it will pay the death benefit . You can start smoking the next year and it will pay the death benefit . You can not be dropped over something you did not know ahead of time . Given that type of guarantee , why not lock your life insurance policy in for as long as you can . If you can get coverage for 30 years or a lifetime instead of 10 , have a need for longer coverage , and can afford it , no one can take it away from you as long you keep paying the premiums . "}
{"input": "What Is A SERP Retirement Plan? ", "output": "A SERP is a Supplemental Executive Retirement Plan generally for key executives in a company . Employers who wish to retain the services of important employees use deferred compensation plans as golden handcuffs to secure their employment into the future . SERPs generally have a vesting schedule over a time certain period described in the arrangement . "}
{"input": "When Am I Medicare Eligible? ", "output": "You 're eligible for Medicare when you 're turning 65 years old . You can apply for Medicare benefits up to 3 months before , the month of , and up to 3 months after your birth month . I recommend applying during the 3 months before the month you turn 65 so your coverage starts on time -LRB- the first day of your birth month -RRB- - you can be subject to a delayed effective date if you apply during the 3 months after your birth month . People are eligible for premium-free Medicare Part A when they turn 65 and have met the 40 quarters -LRB- 10 years -RRB- of working life/paying FICA taxes . Anyone who is eligible for premium-free Part A , can qualify for Part B - Part B requires premiums . Younger individuals with certain disabilities who have been receiving social security disability benefits for 24 continuous months and those with end-stage renal disease , may also be eligible to receive Medicare benefits . Original Medicare -LRB- Parts A & B -RRB- only 80 % of covered healthcare expenses . Medigap plans -LRB- also known as Medicare supplement plans -RRB- can help cover all or a portion of the other 20 % . When you first enroll in Part B , you have a 6-month initial open enrollment period to buy a Medigap plan with NO medical underwriting . The advantage of having a Medigap plan to go with your Original Medicare coverage is that it creates a very predictable expense structure -LRB- a major advantage for seniors living on a fixed income -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "Can You Get Dental Insurance Without Health Insurance? ", "output": "Yes dental insurance is not `` health '' insurance in the colloquial sense of the word health insurance -LRB- i.e. major medical insurance -RRB- . There is no requirement to have health insurance before having dental insurance . One can have health insurance and no dental insurance , just as they can have dental insurance and no health insurance . And , of course , one can also have both health insurance and dental insurance . "}
{"input": "Can You Get Dental Insurance Without Health Insurance? ", "output": "Can you get dental insurance without health insurance ? Short answer yes . The long answer is you need to really review any individual dental policy to see what actual benefits you get and how soon you get them . Individual plans are often different than group plans in the way benefits become available . "}
{"input": "At What Age Should You Consider Long Term Care Insurance? ", "output": "Most people start considering Long Term Care Insurance at about age 50 and actually purchase it at about age 60 . The younger you are , the more likely you will be to qualify for the policy . Advancements in medicine are wonderful for showing us what is wrong with us and how to prevent it from getting worse . But those same advancements can turn up a lot of health conditions that got overlooked , in the past , when applying for long term care insurance . Applying at a younger age gives you a much better chance of being approved . "}
{"input": "At What Age Should You Consider Long Term Care Insurance? ", "output": "There are a couple of ways to purchase long term care insurance -LRB- LTCi -RRB- , early on when youre healthy . But others say you should start seriously considering LTCi no later than age 50 . The LTCi market of insurance companies has decreased considerably . There are about six real players left in the brokerage community . The price tag generally drives the LTCi sales , but policy definitions should be the deciding factor when premiums are relatively equal . "}
{"input": "At What Age Should You Consider Long Term Care Insurance? ", "output": "The best age to consider long term care insurance will be different for every person . Your budget , financial and health conditions , and product availability will all play a role . There are still a handful of companies that offer very competitive products . Of course , buying coverage at a younger age will be less expensive , if you can incorporate the purchase into your overall financial strategy . An ideal age ? Perhaps in the 44-54 range . A full-time broker or financial planner is the person that will give you the best guidance . "}
{"input": "How To Plan For Retirement In Your 60s? ", "output": "If by planning in your sixties you mean start planning , then you 're working until age 70 , not taking Social Security until age 70 and and required minimum distributions at age 70\u00a01/2 . If you mean you 're ready to retire , do the same for maximum income with Social Security and more money to set aside for retirement by working longer . The # 1 risk to retirement is human longevity . You 'll need the extra money . "}
{"input": "How Long Should You Carry Disability Insurance? ", "output": "You should carry Disability Insurance as long as having your income is crucial to your family and financial goals . The chances of becoming disabled actually increase , the older you get . So the chances of your using your DI increase as you age . Again , if your income is no longer needed , you may no longer need to carry Disability Insurance . For most of us , that point does not come until we retire . "}
{"input": "Legally Can A Licensed Agent Sell Life Insurance To Themselves? ", "output": "Yes . Life Insurance Agents can write a their ownLife Insurance Policy and recieve the commission . They get paid on their own policies . It 's no negative affect , and that is how the industry is structured to work . It 's like working at a car business and getting a free car to drive , working at a restaurant and getting a free meal , or even working for the airlines and getting free flights and trips . "}
{"input": "Legally Can A Licensed Agent Sell Life Insurance To Themselves? ", "output": "Yes , a life insurance agent can sell a policy to themselves . They still must pay the same premium as anyone else of their age , build and health would pay . They can also sell to family members . Again , no agent can give a discount ; life insurance rates are set by the company . "}
{"input": "Which Companies Sell Long Term Care Insurance? ", "output": "In recent years there has been a reduction in the number of Long Term Care Companies . Some of the remaining carriers are Genworth , Mutual of Omaha , and Transamerica . `` Hybrid '' policies are relatively new option for Long Term Care . Contact a local agent for addressing the options available your specific needs . "}
{"input": "Which Companies Sell Long Term Care Insurance? ", "output": "There are not many standalone long term care insurance policies being offered in the current market . There are very few long term care companies remaining in the market , those that are left are reliable . Here are some the players in long term care Genworth , John Hancock , LifeSecure , Mutual of Omaha , MedAmerica , Transamerica , Niche carriers are : Equitable -LRB- STC -RRB- , Aetna -LRB- STC -RRB- and Lincoln -LRB- Linked Benefit -RRB- . "}
{"input": "Who Is An Active Participant In A Retirement Plan? ", "output": "An active participant is anyone who is contributing -LRB- can contribute to the plan -RRB- . For employment plans , this would be anyone who is employed and has access to the plan . Generally employees who work a certain number of hours per year and who are at least 18 years old . "}
{"input": "What Is Retirement Accumulation Plan? ", "output": "All qualified and non-qualified insurance product plans accumulate tax deferred . So it 's a bit of a mystery on what the question is addressing . Over time tax deferral can have a power economic impact on saving or investing for retirement . The tax favored feature oftax deferral accumulation is a significant advantage . "}
{"input": "What Is PTD Life Insurance? ", "output": "PTD in life insurance stands for Permanent and Total Disability . It is a feature of some policies in some European countries that provides the Insured a regular payment if they are permanently disabled -LRB- unable to do their own job , or any job , depending on the type of policy purchased -RRB- . "}
{"input": "Why Does My Child Need Life Insurance? ", "output": "I agree with Tim that one can not really say a child `` needs '' life insurance . But when they are adults , they may need life insurance to cover financial obligations , and be unable to get it because of a health condition . Getting life insurance while they are young and healthy ensures that they will have a policy when it is needed . Even just adding a small child rider to your policy will enable them to have 5 times that amount when they become an adult . "}
{"input": "Why Does My Child Need Life Insurance? ", "output": "Life insurance for children is a great plan . The younger the better . The younger they are , past about 2 weeks old , the rates are extremely low . Ridiculously low in fact . This will guarantee their insurability for the rest of their lives . Get a permanent policy and they can be covered until they die , at that same very low rate . And they even borrow against it for college or retirement , or other needs , and keep the money tax free . It is an incredible deal ! Thank you . GARY LANE . "}
{"input": "Why Does My Child Need Life Insurance? ", "output": "That is a great question ! I can give you three reasons why it makes sense to have life insurance on your child . The first is that unfortunately , children die also . Unless you have the money to cover funeral costs , a very inexpensive policy can be a financial lifesaver . The second is that children can often develop health issues that would prevent , or make prohibitively expensive , getting a policy . Anything that leaves the child requiring home health care is enough to get them declined by many companies . The third is for financial security . Many companies will allow the increasing of the face value at points along the child 's life , and there is a cash value that grows along with the child . The right policy can ensure a good chunk of change is available if needed one day . I have policies on my kids , if that helps . If you would like to discuss this more , please feel free to contact me , I 'd be happy to help . Thanks for asking ! "}
{"input": "Why Does My Child Need Life Insurance? ", "output": "I am not sure I would say that a child needs life insurance . There are two main reasons to insure a child , one is financial savings and the other is protecting insurability . Writing a whole life or universal life policy , or cash value plan , on a child has advantages to be able to save extra money for college , a first home or even retirement . The premiums are very affordable and with the right plan can have a good guaranteed rate of return on investment . The second reason is protect the child 's insurability . If you purchase life insurance on a child most all companies have a conversion clause which means the child can convert to higher face amounts , five , ten or greater times the original death benefit without proof of insurability . If the child had a diagnosis in later life and became uninsurable then they would have this policy at a very reasonable rate for the rest of their life . "}
{"input": "Does Life Insurance Go Towards Debt? ", "output": "If the life insurance policy is left to the estate of the insured person , and the deceased insured person had unpaid debt , the creditors to whom the debt is owed may try to collect their payments from the life insurance proceeds in the estate . If life insurance proceeds are left to a person rather than the estate , it is up to the beneficiary whether they want to pay those debts . "}
{"input": "Does Life Insurance Go Towards Debt? ", "output": "Life insurance death benefit proceeds are paid to the beneficiary of the life insurance policy . Those proceeds are generally free from taxation , so the beneficiary may use the money as they see fit . Paying down your debt is a noble use of the money and generally recommended by most advisers . "}
{"input": "Is Life Insurance An Inheritance? ", "output": "Life insurance is an indemnification product to protect the beneficiaries of the insured against economic loss . If economic loss occurred because of taxes during the transfer of the estate from one generation to the next , then your inheritance would be reduced by taxation . Life insurance would pay that tax , so you would suffer a reduction in your inheritance . Life insurance can also create an estate , so to that degree life insurance would be an inheritance . "}
{"input": "Does Medicare Plan AB Pay For Total Knee Replacement In 2014? ", "output": "Most likely yes , but a lot of it depends on medical necessity , services needed in combination with the surgery itself , post-op care , and other factors . The cost of the care will also depend on whether it 's an inpatient or outpatient procedure , the percentage of cost Medicare will cover , etc. . I would make sure to have a Medigap plan in place to cover the costs that Medicare does n't pay for -LRB- e.g. if Medicare covers 80 % of the expenses , the plan would cover the other 20 % if it 's a plan F or G - that 20 % can be a very high dollar figure if you paid it yourself -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your Medigap plan and if you have any other questions . Thanks very much . "}
{"input": "How Much Commission Can A Life Insurance Agent Make? ", "output": "It depends on the company and type of policies . I have seen commissions as low as 35 % an as high as 110 % . Commissions are paid out of a fund from the insurance company , not directly by the consumer . Out of those commissions the agent has to pay for marketing , phone , gas for his automobile , and other business expenses . Most agents do not receive a salary or expense reimbursement . "}
{"input": "How Much Commission Can A Life Insurance Agent Make? ", "output": "How much commission does a life insruance agent make ? Commissions vary by type of product sold and by state sold in . There is a wide range of payouts from 0 % -LRB- yes , there are products that do n't pay a commission -RRB- to upwards of 120 % for the first year . After the first year , in many cases no further commission is earned . "}
{"input": "Who Has The Best Retirement Plan? ", "output": "The best retirement plan belongs to the person who started to save a certain percentage with their very first pay check and have continued saving at a specified rate until today . For many that rate is the percentage of their compensation that the employer will make a matching contribution for others it is just a number that they are comfortable with . Regardless of what plan or vehicle is used , early , consistent savers are the ones who rule when it is time to retire . "}
{"input": "Who Has The Best Retirement Plan? ", "output": "The best retirement plan is based on your specific financial goals . Your first determination is whether to use a qualified or non-qualified retirement plan . The second is to establish your risk tolerance for product suitability . The last is your timeline , the period until you retirement and the length of retire based on life expectancy . Many advisers like the combination of 401 -LRB- k -RRB- s and cash balance plans . "}
{"input": "Does Medicare Have Copays? ", "output": "Original Medicare Part A & B do not come with Co-Pays . You are , however , responsible for deductibles and co-insurance . Co-pays are mostly associated with Medicare Advantage Plans and Prescription Drug Plans . The co-pays do have a wide range from one Plan to the next , so it is always a good idea to review the Outline of Coverage for the Plan you have or may be considering . If you have a Medigap Plan -LRB- also known as Medicare Supplement insurance -RRB- , there is one standardized plan that does have co-pays . With Plan N , the customer is responsible for co-pays for doctor visits . The co-pay will not be more than $ 20 for an office visit . Plan N also requires a $ 50 co-pay for an emergency room visit . This co-pay is waived if you are admitted into the hospital . "}
{"input": "What Is Plan F For Medicare Supplement? ", "output": "Medicare supplement plan F is the most popular Medigap plan in most states . It is the easiest one to explain , the one with the richest benefits , highest premium and highest agent commission . Is it any wonder Medicare supplement plan F is sold more than any other plan ? There are almost always better values and lower premiums with other plans . Over 90 % of my clients pick something other than Medicare supplement plan F. "}
{"input": "Who Should Get Variable Life Insurance? ", "output": "That is a great question ! Variable life insurance policies are a very different type of life insurance , andare definitely not for everyone . In a term or whole life policy , the cost of the insurance is built in to the premium price , and so the only way they would end prematurely is if you stopped making payments . In variable life policies , the cost of the insurance is paid , or not paid , by the performance of the stock market . Instead of the safety of a steady , known payment , a variable policy is tied to the stock market , and as it varies , so does the policy 's value , length of coverage , and your premium payment amount . This type of policy is best suited for someone with a high risk tolerance , who can afford to make larger payments if needed , and who is willing to monitor closely the policy 's value . I hope that helps , thanks for asking ! "}
{"input": "What License Do I Need To Sell Annuities? ", "output": "The license you need to sell annuities depends on the type of annuity you intend to sell . For fixed and indexed annuities you need a regular life insurance license . For variable annuities you will need a securities license , specifically a FINRA series 6 license . A FINRA series 7 license will also work . "}
{"input": "Is Renters Insurance Necessary? ", "output": "Necessary is a matter of perspective . I believe that renters insurance is necessary for every person renting a premise . Renters insurance will not only provide protection for your personal property in the event of a covered loss but also provides liability protection in the event that someone is injured in your residence just to name a couple of the major coverages . Contact a local agent to find out more about all of the advantages of having this coverage . "}
{"input": "What Do You Need To Know About Life Insurance? ", "output": "Life Insurance requires an analysis based on future financial needs . its a plan in the event of something sudden and unfortunate . Money is tax free lump sum benefits . You will want to find the lowest rates . The best companies . A professional as myself to guide you to the best coverages . Rates depend on age , health , and other activities . Contact me . I can answer all your concerns and get you best coverages . "}
{"input": "What Do You Need To Know About Life Insurance? ", "output": "That is an excellent question ! There are a couple of things that you should know about life insurance . One is that the price is based on a number of things , such as your age , gender , health , and smoking preference . The younger and healthier , the cheaper , generally . The amount of coverage is also a factor - the higher the policy , the higher the price . The other is that there are basically two types of insurance - term , and whole life . Term lasts for a period of time , and then ends , A whole life policy lasts as long as you do . They each have their advantages , and suited purposes . The best thing that you can do is sit down with an agent and ask them to help you find a policy that is right for you . If you would like to contact me privately , I 'd be happy to help . Thank you for asking ! "}
{"input": "What Do You Need To Know About Life Insurance? ", "output": "Everything you need to get started you can find online . Life insurance websites , like QualityTermLife , have information about life insurance types , what to watch out for , needs calculator and quote service that lets you compare prices from dozens of top-rated life companies . This gets you high quality at the lowest , most affordable price . Only when you are ready to buy should you give out your contact information . You will need to speak with an advisor to complete your application , but by that time you should be well-informed enough to get what you need , and not get oversold . "}
{"input": "How Many People Go Without Health Insurance? ", "output": "I think the real answer to your question is that no one knows for sure . Prior to the conclusion of the recent open enrollment period estimates ranged from somewhere in the 30 million to as high as 48 million Americans being uninsured . Certainly the Affordable Care Act -LRB- ObamaCare -RRB- has made some dent in this number but firm figures are difficult to obtain at this time -LRB- late April 2014 -RRB- and even the figures reported are subject to debate . If the goal of the Affordable Care Act was to eliminate Americans being uninsuredthen even the most optimistic enrollment figures of 10 million -LRB- when you include Medicaid expansion and young persons being able to stay on their parents policies until age 26 -RRB- show that we have fallen far short of eliminating the problem . And , some analysts do make the mistake of confusing enrollment with becoming insured and maintaining insurance coverage . Generally there is a 15 % to 20 % attrition rate in the individual marketplace for people who enroll but either fail to make their initial premium payment or discontinue paying -LRB- and thus their coverage -RRB- after a few months . There is little reason to think that the law will change human nature so the net impact on the number of uninsured Americans will probably be further diluted as the year progresses . When one takes into account that many enrollees being counted were previously insured under plans no longer compliant with the law 's requirements you have a fairly large amount of the enrollment really just being a transfer from one insured status to another . The end result is that there are fewer uninsured Americans today than there were a year ago but that number has not been reduced dramatically . "}
{"input": "What Does Whole Life Insurance Not Guarantee? ", "output": "Participating whole life can not guarantee policy dividends . Its relatively high premium is designed to be paid for life -LRB- in most cases , earlier in others -RRB- and is required to be paid each year . You may not skip a premium . Dividends are never guaranteed . Dividends are a return of premium . They can stay in the policy by buying paid up additional life insurance . Such projected cash value from dividends will appear on illustrations as non guaranteed cash values . The basic cash values in the policy are guaranteed . "}
{"input": "Which Are The Best Life Insurance Companies? ", "output": "It 's difficult to identify the best life insurance companies because there are several categories to review : product , underwriting and carrier ratings . Products are generally divided into two types : term and permanent life insurance . Underwriting is divided into standard and above and table rated . Six different rating services assign degrees of financial strength and claims paying ability . "}
{"input": "Where Can I Buy Renters Insurance Online? ", "output": "Renters Insurance can be purchased Online ! Renters Insurance is designed to protect tenants from financial loss due to damage or theft of Personal Property and protection from cases of Personal Liability . In order to obtain a quick and free quote for renters insurance , you will need to state the amount of personal property coverage you desire , the personal liability limit and the deductible for the policy . If shopping for the cheapest possible premium , you should request the minimum amount of personal contents coverage that is acceptable to you , the lowest limit of personal liability -LRB- $ 100,000 -RRB- and the highest available deductible . Once you have the rate quote , you can proceed with the purchase of your renters insurance policy . The link providing an online format to obtain a quote and buy renters insurance online in multiple States may be used directly by Consumers . WEBSITELINK "}
{"input": "Does Child Support Include Health Insurance? ", "output": "In some situations a part of your divorce decree may include a stipulation that your ex-spouse provide health insurance coverage for your child -LRB- ren -RRB- . In some cases the cost of coverage is over and above the mandated monthly child support amount , or it may be included . Every situation is different so review your decree . "}
{"input": "Does Child Support Include Health Insurance? ", "output": "Does child support include health insurance ? Only if it is required by the divorce decree . In the decree , restrictions against enrollment are wavied to comply with the court order . It may or may not be part of the total payments for support , just depends on the details of the decree . If it is not part of the divorce decree , then it is up to the cooperation of the two people divorcing . "}
{"input": "Does Medicare B Cover Prescriptions? ", "output": "Medicare Part B does not cover prescriptions . Medicare Part A & B only covers about up to 80 % of the total costs of healthcare related charges . You can get a Medicare Supplement Plan to cover the co-insurance , deductibles and other expenses that Part A & B does not cover . In addition , you can get a Part D prescription drug plan to cover your prescriptions . "}
{"input": "Why Have Car Insurance? ", "output": "Insurance is designed to share a risk that you can not handle yourself . Can you pay the $ 750,000 paid a few months ago to the family of a pedestrian struck in a crossing lane ? Can you afford to buy your vehicle if it is damaged in a collision ? If you or a passenger is hurt in your car by someone else who thinks auto insurance is unnecessary , can you pay the medical bills ? The legal requirement is a minor issue . "}
{"input": "Why Have Car Insurance? ", "output": "That is a great question ! The best answer I can give you is because it 's the right thing to do . First , it 's right because it demonstrates responsibility in protecting yourself , and others on the road ; secondly it shows responsibility in obeying the law , as auto insurance coverage is mandated by law . Responsibility is a good thing , especially if you are going to be driving . Thanks for asking ! "}
{"input": "Why Have Car Insurance? ", "output": "First of all in most states it is mandatory and you can lose your license if you do not have insurance . It is also a protection for you against lawsuits . Non of us plan on being in an at fault accident and hurting or killing someone . If someone is hurt or killed they or their family are entitled to compensation . Car insurance can help provide at least some compensation for medical bills and loss of income for the innocent party . "}
{"input": "How Does A Vanguard Roth IRA Work? ", "output": "Although I do not represent Vanguard , I assume that it would work like every other Roth IRA . The money you deposit would be after-tax dollars . You can not deduct these deposits from your current income tax . The money you deposit will be placed into one of several optional plans designed to meet your risk tolerance , investment experience and personal objectives . "}
{"input": "Does Renters Insurance Cover Air Conditioners? ", "output": "An air conditioner would not be covered under a regular renters insurance policy under normal circumstances . If the air conditioner was damaged due to a covered loss then the damage may be covered less your deductible . Read your policy completely to know what coverage is provided and what exclusions there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Is Disability Insurance Necessary? ", "output": "Disability Insurance replaces up to 80 % of your income at a time when you can not work . For most people , receiving their income is a necessary factor to live a normal life without tremendous upheaval . Granted , becoming disabled itself can carry emotional , social and physical trauma . But to take away income complicates things at a time when further disruption is not needed . Social Security Disability Insurance does exist , but it takes longer to get , does not replaces as much income as an individual policy , and requires that you can not work at any job . "}
{"input": "What Is The Best Car Insurance For DUI? ", "output": "There is no single best auto insurance company who is best for a DUI , or any other violation for that matter . However , there are plenty of non-standard companies who go much easier on DUI 's than standard companies . Companies will also vary greatly based on the levels of coverage you request . Your best bet is to simply get a quote with an independent insurance agent who carries multiple companies to quote you with . "}
{"input": "Who Finances Medicare? ", "output": "Medicare is financed at least in part by payroll taxes collected during your working years . Some of the payroll taxes go to pay current obligations . If there is money left over the surplus is placed in a trust fund . Medicare is also financed by premiums you pay for your Part B coverage . "}
{"input": "How Much Is Car Insurance For A 18 Year Old In Texas? ", "output": "This is a very broad question . There are so many different factors that affect rating . Age is a big factor when we are refferring to individuals below age 25 , however it is n't the only factor . I would recommend you to shop around . Each insurance company weigh age differently . "}
{"input": "What Is A Good Renters Insurance? ", "output": "Like all other types of insurance , there is no one company that is `` best '' or `` most affordable '' home owners coverage for everyone . To determine the best plan for your personal situation , I suggest speaking with a licensed insurance agent , one who represents many companies in your area . That is the only way to ensure you receive honest , expert advice , based on your personal needs . With property and casualty coverage such as home owners or auto insurance , you can normally get a better deal when purchasing coverage for more than one item . For example , I have my car and my home both covered on policies with Auto-Owners Insurance company . With the multi-policy discounts I receive , I actually pay less to insure my home and car than I would pay to insure my home , if that was the only policy I carried with that company . While that may sound illogical , if not unbelievable , it is true , and is a very smart approach to take to make sure you keep as much as your hard earned money in your pocket as possible . "}
{"input": "How To Claim Disability Insurance Benefits? ", "output": "To claim disability insurance benefits , first of all , review your policy and become re-acquainted with its features . Also review the list of qualifying causes of disability , so that you can see if you indeed have a claim . Your policy will spell out how to file a claim . Be sure to follow the instructions and keep copies of everything . Keep notes if you speak on the phone with representatives with the insurance company . Ask your doctor to assist you by spelling out your condition in medical record notes . "}
{"input": "Does Anyone Have Life Insurance On Me? ", "output": "If anyone had life insurance on you , you would probably know it , because you need to give your consent for someone to take out life insurance on you . However , if you were a child when the policy was purchased , there might be a policy on your life that you do n't know about , most likely owned by your parents . "}
{"input": "Can You Cash Out Your 401K? ", "output": "Your 401 -LRB- k -RRB- plan is established by your employer . There is a document that states what you may do with the funds in the separate accounts . The document will tell you at what point the contributions by the employer become yours . The document might provide opportunity to withdraw some of the funds for specific purposes . The plans permission to withdraw doesnt diminish your responsibility to pay tax on the money withdrawn including penalties if you are less than 50.5 years old . "}
{"input": "Can You Cash Out Your 401K? ", "output": "That is a great question ! You can , but the question is do you really want to ? In many cases , you will lose a substantial amount of the funds ' value by doing so , either through loss of unvested contributions , penalties , or from the income tax that is assessed . Those losses can be really steep , up to a third of the value of your fund . If you need to get your hands on some fast cash , try borrowing from your life insurance , or selling something before gutting your future , ok ? Please drop me a line if you need help , ok ? Thanks for asking ! "}
{"input": "I'm Pregnant Can I Get Health Insurance? ", "output": "Yes . Under the new Affordable Care Act , you can not be declined for health insurance for any medical-related conditions . Each policy is required to cover 10 essential health benefits - one of these essential benefits is maternity care . If you need assistance in determining which health plan is right for you , send me a private message on here or check out my website -LRB- a link is available on my profile page -RRB- "}
{"input": "What Types Of Annuities Are There? ", "output": "Annuities are categorized in several ways . There are immediate annuities in which you pay a lump sum and the annuity starts paying out almost immediately , and there are deferred annuities where you make periodic payments and then start receiving payments years down the road . There are fixed annuities that guarantee an interest rate , and variable annuities for which the return is based on the stock market . Annuities can combine several features to produce a contract that works best for your financial goals . "}
{"input": "How Much Does Guaranteed Life Insurance Cost? ", "output": "Guaranteed Life Insurance costs approximately $ 150/month for $ 25,000 of Whole Life for a 60 year old male . Guaranteed issue life insurance usually is whole life and is graded during the first 2-3 years . Some will raise prices periodically , or when they raise them for the rest of the group . Others will lock in the same premium for life . "}
{"input": "What Is Eoi For Life Insurance? ", "output": "EOI in life insurance stands for `` evidence of insurability '' . When you are taking an exam to get a life insurance , you are providing evidence of insurability . It is whatever is required to show that you are qualified to obtain that policy . When life insurance does not require EOI , that can make the policy very expensive , as in guaranteed issue life insurance , which has no evidence of insurability requirements . However , sometimes no EOI can be a perk . E.g Many term policies offer the opportunity to convert them to permanent policies without evidence of insurability . That is a perk , especially if your health deteriorates and you can not qualify for a new term policy . It is a double perk in that the converted permanent policy will be rated the same as your term policy was . "}
{"input": "Can I Get Health Insurance If I Have Hepatitis C? ", "output": "That is a great question ! Thanks to the Affordable Care Act -LRB- Obamacare -RRB- the insurance companies are no longer allowed to deny coverage to people with `` pre-existing conditions '' . This is a great blessing to folks that would not have been able to get help with their medical needs before . Some insurers and the politicians they support would like to have the act repealed , and unfortunately should that happen , then people would again be denied care . If you go to the WEBSITELINK website during the next open enrollment period , you can choose a plan , and may find that you qualify for help paying for it . Thanks for asking ! "}
{"input": "Can I Get Health Insurance If I Have Hepatitis C? ", "output": "Under the Afforable Care Act , you can not be declined for health insurance due to a pre-existing condition or other health-related issue . You have the option to secure a bronze , silver , gold , or platinum level plan - please note , not every carrier offers a plan under each level -LRB- e.g. company XYZ may only offer bronze , silver , and gold plans , but not platinum plans -RRB- . Individuals under age 30 also have the option of securing a catastrophic plan . If you qualify for a subsidy , you would want to look into plans ON the health insurance exchanges . If you do n't qualify for one , you may want to look into plans OFF the exchanges as you will generally have more options available to you . I always recommend consulting with an experienced broker if you 're looking for coverage or want to review your existing insurance to see if a better option is available . Insurance brokers have an in-depth knowledge of products from many different carriers and can help you determine the plan that 's going to best serve your needs and your budget . Please let me know if I can be of further assistance . Thanks very much . "}
{"input": "Why Do They Draw Blood For Life Insurance? ", "output": "Life insurance is a mortality product priced on the actuarial assumptions of life expectancy . Testing several blood indicators can establish a baseline of underwriting debits or credits that are calculated in determining an offer . A Blood panel is created to with basic norms in the blood analysis report that the proposed insured can obtain upon request . "}
{"input": "Why Do They Draw Blood For Life Insurance? ", "output": "Depending on the coverage requested a paramed exam may be required . Since the blood is the primary means by which a body is fed , it can reveal a lot about what is going on internally with a person . Although there are a variety of tests that can be run on a blood sample , most Insurance companies are looking for conditions that may affect insurability . It can also help the proposed insured to discover just whats going on with them internally . There are times when healthy blood levels can elevate a person 's health status with the proposed insured company -LRB- from standard to preferred -RRB- depending on how the initial application was written . "}
{"input": "Why Do They Draw Blood For Life Insurance? ", "output": "Life insurance companies will draw blood depending on the amount of insurance . They will check for HIV or Aids , nicotine , drugs , diabetes , liver problems and other health issues that affect mortality . This helps the company underwrite the policy properly to determine the proper rating -LRB- premium -RRB- and insurability of the proposed insured . . "}
{"input": "Why Do They Draw Blood For Life Insurance? ", "output": "Blood is drawn at the paramed exam for a medically underwritten life insurance policy so that you can be tested for cholesterol , HIV , liver disease , triglycerides , blood sugar , and other conditions . This helps the life insurance underwriter determine your life insurance rating , which in turn , dictates what premium you will pay . "}
{"input": "Does Globe Life Insurance Work? ", "output": "If the Globe Life Insurance Company is admitted in your state it falls under the supervision of your insurance commissioner . One of the commissioners responsibilities is to make sure that insurance companies keep their promises . The Commissioner has several methods of achieving that but the bottom line is that promises are routinely kept . "}
{"input": "When To Purchase Annuities? ", "output": "You should purchase an annuity when you need a lifetime stream of income . That is what only an annuity can provide . There are other times to purchase an annuity . You need to save towards retirement or some other long term goal and want the earnings of the savings to be tax deferred . An annuity is your solution . You might buy an annuity to realize a greater profit as compared with other long term savings vehicles . "}
{"input": "When To Purchase Annuities? ", "output": "Maybe never . With any savings or investment products , you need to create a financial suitability profile that establishes your risk tolerance and confirms your economic goals . If those goals include tax advantaged insurance products , then you should consider annuities . If tax deferral is a key component for you , then annuities should be a consideration . Annuities have crediting options like interest rates , indice returns and equity/bond market performance which you should correlate with your risk tolerance profile . But keep in mind that ultimate use of annuities in your portfolio should be for income . Without this critical goal in mind , annuities may not be for you . "}
{"input": "What Is The Cost Of Part D Medicare? ", "output": "Medicare Part D , the prescription drug coverage , is a privately insured plan offered by insurance carriers that offer Medicare approved plans . Each plan is different . Some have deductibles others do not . All have copay 's and coinsurance . The price varies by the number of drugs covered and the amount you are expected to pay for the drug . "}
{"input": "How Much Does Auto Insurance Agent Make Per Policy? ", "output": "Well it all depends on the company they work for . But most agents make a small amount of money selling an auto policy . They count on the Renewals to run there agency . you can always ask your agent how much he will make selling your auto insurance . But typically its betten % 5 - % 10 of the policy premium . "}
{"input": "Why Do Health Insurance Rates Increase? ", "output": "Health insurance rates increase because the underlying cost of health care services increases every year and our population 's average consumption of health care services has been increasing for many years . If the cost of gasoline steadily rises and at the same time you are driving more miles each year then you understand it costs you more to operate your car . Health care services are the gasoline and using more health care per person is the increased miles driven part of the analogy above . That addresses the basic economic factors that have been happening for decades . Now add to those the impacts of the Affordable Care Act -LRB- ObamaCare -RRB- and you have a whole new set of cost drivers being added to the equation . For example , ObamaCare does add taxes and fees to insurance plan costs and medical devices - these costs are passed on to the consumer . The law mandates that a wide range of preventive health care services must be covered at 100 % , all policies must cover maternity -LRB- many individual policies did n't -RRB- , no medical underwriting is allowed , polices must be guaranteed to be issued and pre-existing conditions must be covered immediately , and these are just some highpoints of the coverage changes now required . While all of these requirements may sound good , and they do benefit many people , there is no way around the fact that such changes will increase health care consumption even further . More demand for a finite resource equals higher costs . An aging American population is also a driver of increased health care consumption and , with the Baby Boom generation entering their retirement years , will be for years to come . This gives you a generaloutline of why your health insurance rates have been increasing and will continue to be increasing for the foreseeable future . As I described above , our nation has many structural issues that drive health insurance rates higher . Despite its name , the Affordable Care Act serves mainly to expand access to health insurance and health care but does very little to address any of the underlying factors that lead to higher health insurance rates . "}
{"input": "When Will An Insurance Company Total Your Car? ", "output": "An auto insurance carrier will typically consider your vehicle totaled when the cost to repair the vehicle would be greater than the valuation of the vehicle at the time of the accident . Insurance carriers have a standardized table that is typically used to determine the valuation of the vehicle or in some cases you may have the vehicle covered at a stated or agreed value at the inception of the policy . "}
{"input": "What Does Ownership Of A Life Insurance Policy Mean? ", "output": "In addition to Peggy Maces comments , ownership is like title . There are legal issues involved and sometimes it is important to correctly title a life insurance policy . At a minimum the values of the insurance policy are the property of the owner neither the insured nor the beneficiary . "}
{"input": "What Does Ownership Of A Life Insurance Policy Mean? ", "output": "Ownership of a life insurance policy refers to the person who is allowed to make changes to the policy . The owner can be the person whose life is insured , or the owner can be someone else who has a financial interest in the life of the Insured . The owner can change the beneficiaries and features of the policy without consent from the Insured , Beneficiaries , or Payor . "}
{"input": "What Does Ownership Of A Life Insurance Policy Mean? ", "output": "That is a great question ! The terms used in life insurance policies can be confusing . There are three entities in a policy - the owner , the insured , and the beneficiary . The easiest one is the beneficiary - the person or entity -LRB- trust , estate , etc. -RRB- that receives the benefits from the policy . They receive these benefits when the insured passes away . The insured is the person whose need was the reason for the policy . Here 's where it can be confusing . The owner is the person who has legal rights to the policy on the insured . That legal title gives them right to change some of the moving parts of the policy , including the beneficiary . In many cases , the owner and the insured are the same person . I buy a policy on my own life . I am the owner and the insured , and I name my wife as my beneficiary . I retain the option to change the beneficiary -LRB- should she pass first God forbid -RRB- and the right to use the cash value within the policy . If I bought a policy for my children , I would own the policy , but my child would be the insured , and my wife and I the beneficiaries . I can transfer that ownership to my child once they are able to make the payments , and manage the policy successfully . Once they own the policy , they are free to change the beneficiary to whomever they choose -LRB- their wife or child , say -RRB- . Hopefully that clears things up for you . If it does n't please feel free to contact me , and I 'll walk you through it some more . Thank you for asking ! "}
{"input": "Can I Get Long Term Care Insurance For My Parents? ", "output": "Yes you can obtain long term care insurance for your parents and it is a really good idea and a loving thing to do . Of course they will need to participate in the process including submitting to the medical underwriting requirements . You might want to purchase whole life policies for them and add LTC as a rider . In some cases taking that route may save you money over buying LTC by itself . "}
{"input": "Can I Get Long Term Care Insurance For My Parents? ", "output": "You can get Long Term Care Insurance for your parents as long as they are willing to go along with the application process . They will need to sign the application , take the required exam , and allow their medical records to be accessed by the LTC company . It is OK for you to purchase the policy for them . "}
{"input": "What Is Direct Auto Insurance? ", "output": "Direct auto insurance is not a type of auto insurance , but a way to buy or method of selling auto insurance . Some auto insurance companies , like USAA & Amica , do not have insurance agents representing them , and sell auto insurance -LRB- and other types of insurance -RRB- direct to the public only . Auto insurance companies selling direct to the public staff call centers with licensed insurance representatives employed by the company , to sell and service the company 's insurance products . Although I think most people benefit from receiving the personal service of an agent , accountable to the customer for providing customer service , advice , and assistance , both USAA & Amica have excellent reputations for claims & customer service . Companies like GEICO & Progressive are known for selling direct to the public , though GEICO has agents available in many large metropolitan areas , and Progressive also sells through independent insurance agents , though the products and rates will be different than buying direct . When you call a company selling direct for an auto insurance quote , you speak with a company employee licensed to sell insurance , working from a call center , most likely out-of state -LRB- but not outside of the USA -RRB- . If you buy the auto insurance policy , there is no one person at the company responsible for your account , as there would be , if you purchased a policy through an agent . So , a company employee sells you the auto insurance policy , but if you call back with a question , or to make a policy change liking adding or removing a car , whichever employee answering the phone will help you , much like you receive help when you call your cable TV company . GEICO & Progressive seem to compete on price more than other companies , but buying direct does not always mean a better price . Selling direct mean no agent commissions to pay , but selling direct has other costs , like more marketing costs for TV & media ads , employee salaries and benefits . A wise auto insurance shopper decides on the coverage they need , then check the rates of all the major auto insurance companies in their state , regardless of whether the company sells direct , through their own local agents , or through independent insurance agents . "}
{"input": "What Happens When Term Life Insurance Is Paid Up? ", "output": "Actually term life insurance can not be paid up . It just expires or has a steep premium increase many times 1,000 % . The cash value policies such as whole life , universal life , indexed universal life or variable universal life do endow or are `` paid up '' plans in which you are asking . Sorry ! "}
{"input": "What Happens When Term Life Insurance Is Paid Up? ", "output": "Term life insurance is never paid up . Assuming you make your premium payments , if you are still alive at the end of the term life insurance policy 's stated time period -LRB- e.g. - 10 years -RRB- the policy ends and the life insurance protection ceases . In this case the insurance company has won the bet , you did n't die during the period the policy was taken out for and they get to keep all the premium paid for taking on your risk during that time period . The only exception to this general rule is in the case where a Return of Premium rider was purchased with the term life policy . In this situation if you are still alive when the term life policy reaches the end of its stated period of coverage the policyholder is refunded the premium they have paid to the insurance company over the life of the policy . You do pay additional premium costs for this Return of Premium provision . "}
{"input": "What Happens When Term Life Insurance Is Paid Up? ", "output": "Term Life Insurance does not have the option to become paid up , like permanent life insurance does . If you pay your policy each monththrough to the end of the term , the policy simply ends or takes on a higher cost . There is nothing to cash in . Also , you do not have the option to pay term at an increased cost for a shorter time period , like you do with permanent insurance . If you quit paying on it at any time , the policy ends . "}
{"input": "What Is Voluntary Term Life Insurance? ", "output": "Voluntary Term Life Insurance is offered to employees who have some life insurance provided to them by their employers , and their employers are giving them the opportunity to purchase additional life insurance coverage at group rates . Employer provided life insurance is not taxable to $ 50,000 whereas voluntary life insurance purchased beyond that amount will be a taxable to the employee . "}
{"input": "What Is Voluntary Term Life Insurance? ", "output": "What is voluntary term life insurance ? Usually it is a program offered through your employer to provide employees with an opportunity to purchase life insurance through work and payroll deduction . In some cases , voluntary group life offers life coverage at a higher cost , but with fewer health questions and no lab testing . The thing to keep in mind when considering life insurance is the more questions they can ask , the cheaper the cost will be for a healthy person . That does n't mean Voluntary life is bad , it means you may find coverage cheaper elsewhere . "}
{"input": "What Is Voluntary Term Life Insurance? ", "output": "This sounds like something offered by an employer , is this correct ? If so , it just means you can opt-in for the coverage and you will pay the premium . It is typically less expensive per dollar amount of coverage purchased . This is because it is often times based on the group of employees and not one individual . There is usually a cap to the guaranteed issue amount , but some will allow you to purchase more with some additional individual underwriting . "}
{"input": "What Is Voluntary Term Life Insurance? ", "output": "Oftentimes , your employer will pay for you to receive a certain amount of life insurance , then give you the option to purchase more coverage beyond that amount . The amount that you pay for on your own is called `` voluntary life insurance '' . If your employer does not pay for any of your life insurance , the entire amount that you purchase would be voluntary life insurance . "}
{"input": "When Can I Change My Medicare HMO? ", "output": "You can change Medicare Plans and prescription drug plans every year from October 7 to December 15th . You can also change plans if you move out of the service area or lose your coverage . If you qualify for Extra Help with prescriptions or are on Medicaid you can change anytime during the year . These are called Special Election Periods . "}
{"input": "When Can I Change My Medicare HMO? ", "output": "Some people like a Medicare HMO plan , some do n't . As long as you are comfortable with the HMO concept there is no reason to make a change during enrollment periods . With an HMO you only have coverage when using a par provider . Exceptions are made in the case of a true medical emergency . Non-par charges are not included in your out of pocket cap . "}
{"input": "When Do I Need To Buy Home Insurance? ", "output": "If you are a homeowner you need homeowners insurance . If you are a first time buyer then escrow and the lender will make sure you have homeowners insurance in place at the close of the home sale . If you are already a homeowner then I recommend you maintain a homeowners policy . If your home is paid in full you do have the option of letting the policy go but I would advise against this unless you believe you can afford the replace your home in the event of a total loss . "}
{"input": "How Much Is Home Insurance Yearly? ", "output": "Annual #HomeInsurance rates are different for each home ; homeowners insurance premium is based on the coverage afforded , details of the risk and deductible chosen by the insured . There islink providing an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK "}
{"input": "Who Is Covered By Life Insurance? ", "output": "The insured and any persons listed as additional insured or riders are covered under a life insurance policy . Many people have life insurance policies including adults and children . The younger the person applying , the least expensive the rate will be . And of course , there are many types of policies that can be purchased . "}
{"input": "How Much Can You Make Selling Life Insurance? ", "output": "The average life insurance agent makes be around $ 50,000 on life insurance sales a year . There are a segment of the sales force that makes between $ 75,000 and $ 100,000 a year . Less than 1 % make over those numbers day in and day out . Selling life insurance successfully is based on the law of large numbers . "}
{"input": "How Much Can You Make Selling Life Insurance? ", "output": "The average life insurance agent makes around $ 40,000 per year . But selling life insurance is like owning your own business . There is no limit and there is no safety net at the bottom either . Most people who get into life insurance never make it past one year . A very few make a whole lot of money . How much one person makes has nothing to do with how much another person will make . "}
{"input": "How Much Can You Make Selling Life Insurance? ", "output": "Most full time seasoned life insurance agents make $ 50,000 from exclusively selling life insurance . The more affluent life insurance agent can make in excess of $ 100,000 annually from the sale of life insurance . The elite Top of the Table and Court of the Table members make in excess of $ 250,000 annually selling life insurance . "}
{"input": "Is Voluntary Life Insurance A Pretax Deduction? ", "output": "Ifyou own and pay for the voluntary life plan you do not want it to ba taken pre-tax unless you absolutely hate your beneficiary as by taking a tax deduction for your life insurance , that action makes the benefit a taxable occurance . Currently employers can deduct the expense of life insurance up to 50,000 face amount as a busines expense and the outcome to the employee is not taxed . The employee never paid the premium , the employer did as a benefit . It is much different if the employee pays . There may be some very rare situations where you can deduct the premium , but that is very rare . "}
{"input": "Is Voluntary Life Insurance A Pretax Deduction? ", "output": "Voluntary life insurance that exceeds the $ 50,000 provided to you by your employer does not receive any tax deduction . However , the death benefit left to your beneficiary is usually tax free , which can be a consideration when looking at the big picture . "}
{"input": "Is Paid Family Leave Disability Insurance? ", "output": "You may be referring to Paid Family Leave offered by the state of California . Workers who contribute to the State Disability Insurance fund are entitled to 6 weeks of family leave to bond with a new baby or child joining the family , or to care for an ailing family member . During this time , part of their wages will be paid to them . While California 's Disability Insurance is also funded by paying into SDI , it is different from Paid Family Leave in that it provides partial payment of wages in case of disability from a non-work related cause , or due to pregnancy or childbirth . "}
{"input": "Does A Non-Working Spouse Need Life Insurance? ", "output": "Yes , if there were a financial hardship if they died . Let 's say the wife has a very demanding and high income career . The husband stays home to raise the kids and take care of the house . The husband suddenly dies . Now the wife has to hire a nanny , a house keeper and possibly a personal assistant to replace the work that was being done . "}
{"input": "How To File A Renters Insurance Claim? ", "output": "It is very easy to file a renter 's insurance claim . You should call/contact the broker/agent that is servicing your policy . If you do not know who it is , then call the insurer directly . You will be asked some questions regarding the items that were damaged , stolen etc. . . so be prepared to provide information . If it is a liability claim , more extensive information may be needed . "}
{"input": "Does Homeowners Insurance Cover TV Damage? ", "output": "It may if the damage was caused by a covered peril within your policy . Some of the perils typically covered under a homeowners policy are fire , smoke , explosion , wind . If you want to know what is covered , I would recommend that you read your policy completely for coverage and exclusion information or call your local agent and them tell you what is covered or excluded . "}
{"input": "Can I Sell Annuities With A Life License? ", "output": "Yes , you can sell fixed and indexed annuities with a Life license . If you sell variable annuities you need a securities license . In addition , if your client is funding their fixed annuity with money from stocks , bonds , or mutual funds , you must have a series 6 , 7 , or 63 license in order to liquidate those funds and put them into the fixed annuity . "}
{"input": "Which Homeowners Insurance Company Is Best? ", "output": "The best insurance company is the company that pays the most when you have a loss . All insurance companies are companies that manage a pool of similar risks . Every insurance company is regulated by the insurance commissioner in the state where the company is organized and the state where the company is allowed to transact business . This combination of state supervision is designed to make sure that each company keeps their promises . There are rating bureaus that offer information concerning various insurance companies . These bureaus generally give higher ratings to larger companies with longer histories . They are rating the financial capacity of the companies . While this is a good indicator of which insurance company to choose it is far from the only criteria . Ultimately most people buy homeowners insurance from an agent . That agent might represent one company or one hundred companies . The point is that the relationship is not with the company as much as it is with the agent . People buy insurance from people that they trust . A good agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . The agent will propose a company . Few reject the company selected by the agent . The role of the company is to keep the promises that it makes . There are a wide range of homes for insurance companies to insure . Some companies have an appetite for homes that are in the mountains or heavily wooded areas . Other companies will not even consider such a risk . Some companies will insure homes on bluffs overlooking the ocean while others wont consider such a risk . Underwriting will often have special rules regarding roof type , location of an evaporative cooler , presence of certain pets and presence of certain types of recreational equipment . There are many reasons for some of these underwriting decisions but the agent will be able to identify the best company for you . The underwriter will try to suggest appropriate coverages . Even if you had the most highly rated company if the limits selected are not adequate , you could be left with a large loss in the event of a disaster . For example , you might have a significant amount of jewelry , photographic equipment , or musical instruments . If these are not insured correctly their loss could represent a significant financial loss for you . The most significant area of underinsuring is liability . Your agent should let you know the highest amount that the company will provide . If you choose less coverage , any loss in excess to the limit in the policy will come out of your assets . Your agent should tell you about the availability of umbrella liability coverage . A lawsuit can make havoc out of the best financial plan . Finally the way that the company pays the loss when you have a claim is the most critical factor . Homeowners claims are infrequent but tend to be severe . It is important that the agent you have selected assists you during this critical period . Maintaining communications with you during a claim is an identification of a really good insurance company . "}
{"input": "What To Look For In A Term Life Insurance Policy? ", "output": "The most important thing to look for in a term policy is convertability . Convertability is the ability to go to a permanent policy without having to proove `` insurability '' from the term policy company . Why is this so important ? Term is for a temporary need . Term covers a piece of time and what happens inside that period of time . If you live past that period of time , and still need insurance you will be faced with a great increased cost that will rise every year there after , so conversion gives you the opportunity to continue you coverage at a rate class you may never qualify again for . "}
{"input": "What To Look For In A Term Life Insurance Policy? ", "output": "There are several features that can make one term life insurance policy more preferable than another . Among them are : 1 -RRB- The price and death benefit are guaranteed to stay the same for the full term , 2 -RRB- The policy is convertible to permanent insurance without evidence of insurability for an extended period of time , and 3 -RRB- The carrier is reputable and highly rated . In addition , some Term policies offer riders that might help you achieve your purposes . These include Child Rider , Accidental Death Rider , Waiver of Disability Rider , Disability Income Rider , and more . "}
{"input": "What To Look For In A Term Life Insurance Policy? ", "output": "Work with your Insurance Professional to identify your need and match the solution that best meets that need . Coverage and premium should be level for the period of time that you need it . The policy should also offer a guaranteed opportunity to convert all or a portion of the coverage into permanent coverage as the need may present itself . "}
{"input": "What To Look For In A Term Life Insurance Policy? ", "output": "First make sure that it is a level term policy and the term should be a 10 , 15 , 20 , 25 , or 30 yr level term , the 20yr usually being the optimal term for most . You must dertemine this by looking at your debt , mortgage balance , age of children , and income of the husband and spouse . Also , some term policies offer living benefits such as terminal illness , critical illness , and cronic illness as riders at a small cost . You must decide if the added cost gives you a comfort of additional coverage . Term life insurance is a simple way of protecting lives in the most economical way allowing additional money in the budget to pay down debt and build assets . "}
{"input": "What To Look For In A Term Life Insurance Policy? ", "output": "I suppose the best approach is what to avoid when buying a term life insurance policy . Personally , I would avoid a policy that is offered free of medical qualification if I knew that I was in satisfactory shape . I would be reluctant to buy a term life insurance policy that was offered through the mail or over the radio . In the end I would buy a term life insurance policy from an agent that I trusted . "}
{"input": "How Long Does It Take To Process A Renters Insurance Claim? ", "output": "The insurance company wants to settle the claim as quickly as you . The holdup is always determining the amount of loss . The claim is completed when you and the insurance company agree on that figure . Then the company can pay you what is owed . Of course , you understand that there is sometime difficulty in establishing those amounts . "}
{"input": "How Long Does It Take To Process A Renters Insurance Claim? ", "output": "Most insurance companies are able to open a claim very quickly and then promise to contact you usually within 24 hours of your reporting . If it is a fairly straight forward and less serious loss , the claims professional might be able to issue you at least a preliminary check on the spot . Naturally , more complicated and extensive claims may take longer to completely settle . "}
{"input": "Will My Homeowners Insurance Cover Asbestos Removal? ", "output": "Homeowners insurance protects the owner for damages that come from specified perils One peril is fire . If the home is damaged in a fire and asbestos removal is required to repair the home , it would be considered in the claim . There is an additional coverage available on a homeowners policy that provides additional money if repairs require adjustments to meet building codes . That coverage would be helpful under these circumstances . However , removal of asbestos for personal reasons would not be a covered peril . "}
{"input": "How Can I Sign Up For Medicare? ", "output": "You will automatically be enrolled as soon as you qualify due to age or disability . If you do not receive your Medicare card by your 65th birthday you need to contact Social Security or call 1-800-Medicare . Make sure you are enrolled in both part A and B unless you are still under a group plan . Also be sure to select your Prescription Drug Plan -LRB- part D -RRB- even if you do not have prescriptions . "}
{"input": "Can A Landlord Require Renters Insurance In New Hampshire? ", "output": "A Landlord can require Renters Insurance in any State as a condition of the Lease Agreement . Renters Insurance is an increasingly more valuable commodity for both home owners and renters in a very litigious society . Renters Insurance provides the Landlord peace of mind in the event a claim occurs as the result of the tenant 's negligence ; the home owner will not be negatively impacted by their insurance . Many Landlords require the Tenant to list the Landlord as an ` Additional Insured ' on the Renters Insurance Policy this will insure the Landlord receives a copy of all correspondence including cancellation notices and renewal notices . Renters Insurance provides coverage for the tenant 's Personal Property as well as offering Personal Liability coverage which is the specific section in the interest of the Landlord . Without this important coverage , legal actions are more damaging and cumbersome for all parties concerned . There are a few States that have required all tenants in the State to purchase Renters Insurance and the requirement is a compulsory section of the Standard Lease Agreement which is signed by both the Landlords and Tenants . States have taken this action due to an overwhelming load of small claims cases burdening the Court System . Renters Insurance is an inexpensive form of security which all responsible tenants should wish to have ; in many localities , a policy can be purchased for as little as $ 8.00 per month . For a Renters Insurance quote , there is an available link to obtain your quote and purchase the policy online : WEBSITELINK In order to produce the lowest rate , you will need to select the minimum amount of Personal Property Coverage available to cover all your possessions , select the minimum required Personal Liability Limit , and select the maximum available Deductible . The deductible does n't apply to the Personal Liability section , so if this is the only reason that you are buying the policy , the maximum deductible should be purchased to obtain the lowest premium . "}
{"input": "Can I Get Life Insurance If I Have Epilepsy? ", "output": "Yes , you can get life insurance if you have epilepsy . The type of policy you can get and the premiums will depend on how well controlled your epilepsy is . If you have had no seizures in the past couple of years , you can work full time , and your medication has been effective and stable for some time , you can most likely get a medically underwritten policy of any amount that you wish . If you have had recent seizures , especially if Grand Mal seizures , and epilepsy auses you to be on Disability , there are No Exam policies that you can get in most states in the US . They may or may not be graded and there will be a cap on the amount of coverage . But it is still possible to find affordable life insurance while having any type of epilepsy , for most people . "}
{"input": "Can I Get Car Insurance With An Out Of state License? ", "output": "Yes , you probably can , but it would be a good idea to talk to your Insurance Professional about the laws in your new home state . Many states and insurance companies will allow you to obtain car insurance with an out of state license . It will more than likely be required by your new state 's DMV in order to register your cars . However , there will more than likly be a time limit during which time you should obtain a new license in the state you are nor residing . "}
{"input": "How To Get Cheap Health Insurance? ", "output": "If you want the least exposure at the lowest premium then I recommend looking at an HSA qualified plan . The deductible is higher but if you are healthy you will save more on premium than the one or two doctor visits per year . An HSA qualified health plan will provide the most protection if you do have to go to the hospital or your health turns bad , at the lowest premium . A good independent agent dealing with health insurance can help you find a plan that fits your budget . "}
{"input": "Which Medigap Policy Is Best? ", "output": "In order to determine what plan is best for you , I would need to know more about you such as your age , gender , any tobacco usage , married or single -LRB- determines availability of a household discount on rates -RRB- , medical history -LRB- if outside open enrollment period -RRB- , and other factors to provide accurate figures and suggest a proper course of action that best serves your needs . For the overall populace , the most comprehensive -LRB- and most popular -RRB- Medigap plan is plan F as it covers all Medigap benefits at 100 % . Plan G is the second most popular plan because it 's identical to plan F except it does n't cover the Medicare Part B deductible -LRB- $ 147 in 2014 -RRB- . So how do you decide between the two ? It comes down to price . Since Medigap policies are standardized -LRB- meaning a plan F from company A is the exact same plan F from company B -RRB- , the only difference between the coverages is the price you pay for them . With the only difference between plans F and G , if the annualized premiums total more than a difference of $ 147 , then plan G offers you the better deal - if the total is less than $ 147 , then plan F is the better deal . I hope the information is helpful - please feel free to contact me if you have any questions , including quote requests , plan comparisons . Thanks very much . "}
{"input": "Does Medicare Pay For Portable Nebulizers? ", "output": "Yes , Medicare will pay for portable nebulizers as long as they are ordered as medically necessary by your doctor for conditions such as COPD , HIV , CF , pneumocystosis , tracehostomy and some others . The expense is covered by Part B and you may have to choose whether to rent or purchase your nebulizer . "}
{"input": "Does Life Insurance Payout For Drug Overdose? ", "output": "If the drug overdose was due to suicidal intentions within the first two years of the life insurance policy , the policy would not pay out . After two years , it would most likely pay the death benefit even if the reason for the drug overdose was to commit suicide . An exception would be if the insured person had a drug problem that was not admitted where requested on the life insurance application , and if death occurred within two years of the policy going into effect . Again , after two years , the policy would most likely pay even if the drug use/abuse was not admitted on the application . "}
{"input": "Does My Renters Insurance Cover My Roommate? ", "output": "No . If you read your policy , you will see in the Definitions Section , the definition of Insured . It would look similar to this `` Insured '' means you and residents of your household who are : a. Your relatives ; or b . Other persons under the age of 21 and in the care of any person named above . If your roommate is not a relative , he is not insured and would receive no benefit from the policy in the event of fire or liability claim . If you were apply for the insurance in your name and your roommates name , and the company issued a policy , then your roommate and you would be covered . I hope I 've answered your question . If not , feel free to call , fax or email me . Kevin P. Foley , CPA , CPCU PFT&K Insurance Brokers T 877-414-2031 F 877-405-3025 E kpfoley -LSB- at -RSB- kpfoley -LSB- dot -RSB- com W www -LSB- dot -RSB- kpfoley -LSB- dot -RSB- com "}
{"input": "Will Medicare Premiums Rise In 2014? ", "output": "I 'm not sure if you 're referring to Part B , Medicare Supplements , Medicare Advantage Plans or Part D drug coverage . In any scenario , it 's a little early to tell , as the plans for 2014 have not been released yet . But this is exactly why we have open enrollment ... to see thecost & coveragefor the upcoming year and make coverage changes if desired . So your definitive answer will come starting October 15th . "}
{"input": "Is Part A Medicare Free? ", "output": "No , Medicare Part A was paid for through your FICA tax when you were employed , so when you retire you have no premium taken out of your Social Security for Part A . If you did not work the required amount of hours then you can buy into the Medicare system by paying a premium . "}
{"input": "How Does Life Insurance Pay For Funeral Expenses? ", "output": "Life insurance pays the face amount to the beneficiary who can then use the money to pay for the funeral expenses . You can also sign over the policy to the funeral home and the company would pay the funeral home directly . How you choose to set it up depends on the circumstances and size of he policy . If you or your loved one is in poor health and may be going into a nursing home a good agent familiar with Medicaid laws can help you make the right choice and provide options that will protect you from Medicaid spend down . A younger person with a large face amount would want to make his spouse or trust the beneficiary . Again , a good agent can help set this up for you . "}
{"input": "How Does Life Insurance Pay For Funeral Expenses? ", "output": "Life insurance pays the benefit at death and is paid tax-free . That makes it the perfect emergency fund to cover funeral expenses . Some policies are actually designed to pay funeral expenses with . Thy pay the death claim within 24-hours of death and do not require a death certificate to settle the death claim . They will work with your funeral director to verify the death . ForeThought Life Insurance Company would be . Popular choice for this type of policy . "}
{"input": "Is Spouse Covered Under Medicare? ", "output": "Your spouse is covered by Medicare at age 65 , either through his or her own eligibility , or -LRB- if he or she is not eligible due to their own work history -RRB- through the work history of their spouse -LRB- you -RRB- . If your spouse has not paid Medicare taxes through their own employment for at least 10 years , they can go on their spouse 's plan , but not until they turn age 65 . "}
{"input": "Should I Choose Medigap Or Medicare Advantage? ", "output": "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 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 . "}
{"input": "How Does Renters Insurance Work? ", "output": "Renters insurance funtions in many ways much the same as homeowners insurance . This type of policy will provide the insured with liability coverage and personal property coverage . Contact a local agent to discuss your concerns about coverage and they should be able to describe the coverage in detail to help you understand the coverage . "}
{"input": "Who Is Covered Under Disability Insurance? ", "output": "First off , most Americans have Social Security disability benefits . Many American workers have employer group plans that offer at least short term disability coverage . Some business owners and their executive management teams have individual disability insurance . Each one of these examples has varying degrees of protection . Few Americans have individual disability insurance . "}
{"input": "How Do I Calculate Retirement Savings? ", "output": "If you are asking how do youcalculate how much do you need to save for retirement there is a process to follow . First you need to determine what retirement success looks like to you . Your retirement planner may be trained to help you if not a lifestyle planner could . The next step to figure out what that lifestyle wouldcostand make a retirementbudget . Now you can do somemeaningfulcalculations . Total up what income you expect from any government plans , pensionplans , etc. . Compare this amount to your retirement lifestyle budget . The difference is what needs to be funded byadditionalsavings . There are calculators on the websites of financialinstitutionsto give you an idea . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . "}
{"input": "Does Kaiser Accept Medicare Patients? ", "output": "Yes , Kaiser does Accept Medicare Patients . I would recommend contacting a broker to talk about your options with Kaiser . Be sure to understand and review all the benefits you have . I continue to hear about people who get upset when it comes time to pay for services . There is a lot of confusion . "}
{"input": "Does Kaiser Accept Medicare Patients? ", "output": "Everyone who is 65 or older must sign up with Medicare . Medicare is the primary coverage for everyone over age 65 . Every other plan integrates its benefits to Medicare . When it comes time to pay for services Medicare pays first and then passes the bill to a supplemental insurance company or in this case HMO . From the patients viewpoint this is a seamless operation . "}
{"input": "Will Homeowners Insurance Cover Termite Damage? ", "output": "As a rule the answer would be no . Termites are not considered a covered peril by most companies . Homeowners is not designed to cover general maintenance . Termites fall under that category . If a structure collapses then damage to the personal property may be covered and possibly the structure . "}
{"input": "How To Set Up A Life Insurance Trust For A Child? ", "output": "How to set up an insurance trust for a child ? I would advise that you see an attorney to set up a trust as insurance companies are not in the business of establishing trusts for policy holders . It is out of their legal bounds . They do however , honor a correctly established trust created for kids . I do n't know enough about how good trust software is on this subject to suggest it , but a person may want to look into it . "}
{"input": "How To Set Up A Life Insurance Trust For A Child? ", "output": "Since attorneys set up trusts , you need to find a good one . Make sure he or she specializes in estate planning . Not every attorney is an expert in every field of law :-RRB- You can always use an on-line service to get a document , but I like to run the do-it-yourself tools past a professional anyway . There is a lot at stake . What you are doing is a great idea . A trust will allow you to control access to the life insurance benefit . Important note : the policy inside the trust must be audited regularly to make sure it remains in compliance with the terms of the trust . If the policy fails to meet expectations , the trustee could be liable . And , of course , you will want to get prequalified for coverage so you can be sure the policy you buy is the right one . "}
{"input": "What Is Voluntary Deductible In Car Insurance? ", "output": "It appears to be a policy provision found in auto and property insurance policies issued in India . The provision allows the insured to set the amount of a loss that they will bear themselves -LRB- deductible -RRB- at the time of claim . This then sets a percentage that affects the premium for the coverage . The higher the percentage bore by the insured , the lower the premium . "}
{"input": "How Can Life Insurance Be An Investment? ", "output": "If by `` investment '' , you mean something that may gain or lose value , then the only type of life insurance that I would consider an investment is Variable Universal Life -LRB- VUL -RRB- . The interest credited to a VUL policy is based on stocks & bonds and may be positive or negative for the year . There are other types of life insurance that can accumulate cash called whole life and universal life policies . I consider these savings vehicles rather than investment vehicles because they do not lose money due to a decrease in the stock market or index . Whole Life insurance accumulates cash by dividends that are declared by the life insurance company . Universal life , other than VUL , comes in a fixed and an indexed universal life option . The Fixed UL earns interest based on a rate declared by the insurance company . The Indexed option -LRB- IUL -RRB- earns interest based on the performance of an index such as the S & P. With an IUL , there is usually a floor of 0 - 2 % that protects the cash value if the index is negative . The nice thing about an IUL is that you participate in the upside of the market without the downside risk . These are complex products and it is important to speak with a knowledgeable advisor who can educate you on the fees and other particulars . "}
{"input": "How Can Life Insurance Be An Investment? ", "output": "An investment needs time to appreciate . Life insurance guarantees values while you wait for other investments to grow . Most investments have upside and downside risks . Life insurance is guaranteed . The stated values will be there when you need them . Investments are a part of the estate of a deceased . Life insurance passes outside probate and goes directly to the person you want to have the money . "}
{"input": "How Can Life Insurance Be An Investment? ", "output": "That is a great question ! I think that there is a lot of confusion about investments and life insurance . Life insurance is a very important part of a healthy financial plan , but should not be considered as an investment in a technical sense . Let me explain it like this : A healthy financial plan is composed of two basic parts - income builders , and protections . Your income builders are hopefully your stocks , 401k 's , annuities , bonds , etc. . The protectors are your insurances , and emergency savings account . You will not derive any income in most cases from any insurance policy -LRB- There are policies that are hyped as revenue building , but carefully read the fine print , and you will see that often the gains are built on optimistic returns , and large investments on your part , and have a substantial risk attached -RRB- as you will no longer be around to receive it . It will provide that income to whomever you chose as your beneficiary . So the only fair way to describe life insurance as an investment is to say that it is an investment in your loved ones ' financial safety , and in your peace of mind knowing that you 've protected them from harm , even after you 've passed . I hope that helps , thanks for asking ! "}
{"input": "Can A Quadriplegic Buy Life Insurance? ", "output": "This is certainly not my specialty but I am relatively confident that a quadriplegic would be able to find life insurance . There are agencies that specialize in unusual risks and you would be well served to locate one . Peggy Mace is one of the contributors and that is her specialty , I believe . "}
{"input": "Can A Quadriplegic Buy Life Insurance? ", "output": "Great question ! It will be very difficult to find life insurance , but not impossible . Your policy will will have restrictions on how much is paid out in the first few years , and will be a more expensive policy than someone in good health . That said , look for some companies that have Guaranteed issue policies , you will want to shop , as some will be more expensive than others . Kemper , Mutual of Omaha , United Home Life are a few of the companies that carry that kind of policy . If you would like more information , please feel free to contact me . Thanks for asking ! "}
{"input": "Can A Quadriplegic Buy Life Insurance? ", "output": "When ambulation and ADL 's are concerned , there are two ways the life insurance companies determine eligibility . One is whether the person can walk and take care of himself without assistance , including a wheelchair . The other is whether the person can walk and take care of himself without assistance of another person . To my knowledge , persons with quadriplegia nearly always rely on another person for at least some of their daily routines . So they would be restricted to guaranteed life insurance , which has a minimum age requirement of 40 + . However , it is good to know the criteria , as some disabled persons can get more coverage , and at a younger age , than guaranteed issue policies offer . "}
{"input": "Can A Quadriplegic Buy Life Insurance? ", "output": "Yes , A Quadriplegic Can Buy Life Insurance ! I would need to know the age however there are guaranteed issue type policies which anyone can get the insurance . You are limited to how much but you can get some , usuallyup to $ 35k . Gerber is such a company if you are over 55 years of age . Other companies may be able to provide coverage however I would also need more information such as the cause of , medications , any other complications . "}
{"input": "Can I Deduct Disability Insurance Premiums From My Taxes? ", "output": "In most cases , you can not deduct Disability Insurance premiums from your taxes . However , if there is a need to use your Disability Insurance policy to pay an income to you during a period of disability , the benefit you receive will not be taxable as you paid taxes on the money going into the policy . Consult a tax attorney for specific situations . "}
{"input": "Does Car Insurance Cover Locking Your Keys In Your Car? ", "output": "There could be coverage for locking keys in your car if you carry roadside assistance or towing on your auto policy . Otherwise locking keys in the car is not a peril of an auto policy . Check with your local agent to see if you carry roadside coverage on your auto policy . Also if you do not have the coverage a good local agent may find you a reputable company who can come out and unlock your car at a reasonable rate . "}
{"input": "Which Is True Regarding Variable Annuities? ", "output": "A variable annuity is a contract issued by a life insurance company . It has the standard features of other annuities but the cash value is directed by you the policy owner . You select which funds will accumulate money . Depending upon the variable annuity and the options included you might be able to continue to direct the investments through the phase where the company is paying you a lifetime income . In that case your income during annuitization can rise and fall with the underlying values of the securities you selected . "}
{"input": "What Is Short Term Life Insurance? ", "output": "Term life insurance is available in a wide range of coverage periods . The more popular are 10 , 15 , 20 and 30 year term periods often featuring guaranteed level premiums during the full period and conversion provisions -LRB- to permanent coverage -RRB- . You can find a few competitive one year term policies where the premium escalates annually . The guarantees are limited and the cost averages out over 10 years to be similar to 10 year level term . "}
{"input": "What Is Short Term Life Insurance? ", "output": "Short term life insurance is generally thought of as term life insurance that comes in terms of 1 , 5 or 10 years . One year Term , or Annually Renewable Term , can be helpful for someone in between jobs or some other need for very short term coverage . However , one year Term will go up in price each year , and sometimes you need to re-qualify every year . So locking in a longer term is much easier and more cost effective if you need more than a couple years of coverage . Five year Term is hard to find , and thus the prices are not as competitive as one would think . I have found that ten year Term rates often run as low or lower than five year Term . Since there is no penalty to drop Term life insurance , you may as well take the longer term and then just drop it if you do n't need it the whole ten years . Ten year Term policies are common and competitively priced . Again , if you need longer coverage , it can cost less to lock the rate in longer while you are younger and your health is good . But if you are going for short term coverage , 10 or 15 year Term can be a good way to go . "}
{"input": "What Happens When Your Term Life Insurance Expires? ", "output": "If you have a term life insurance policy and the guarantee period on it is expiring , you have a several options : 1 -RRB- you can continue to pay premiums as the policy will be annually renewable , however , the premiums will start to go up each year -LRB- based on age -RRB- by a substantial margin . 2 -RRB- If the conversion period is still available , you can convert all , or a portion , of the face amount to a permanent policy with new medical underwriting . 3 -RRB- you can stop paying premiums and let the policy lapse , thus ending your coverage . 4 -RRB- you can apply for a new policy -LRB- can be with the same carrier or a new carrier -RRB- to secure a new term or permanent insurance policy . Please feel free to contact me for help . Thanks very much . "}
{"input": "What Happens When Your Term Life Insurance Expires? ", "output": "OK . So you bought that term insurance to save money . It was certainly cheaper to start than that whole life you were offered . But now the term has expired . Most companies will allow you to keep your term policy past the expressly stated number of years , but no longer with that fixed premium . The premium will escalate and escalate quickly , kind of like sky rocketing . What to do ? Well you could try to get yet another term policy , for another ten or twenty or so years . But if you are no long longer insurable , you are out of luck . That is why whole life would have been a better choice in the long run . Or , if you are lucky , and are still insurable , you can go for either another term policy , or jump to a whole life policy . Remember , premiums on term , even in good health , will only get higher each time you get another policy . If you can , you may want now to jump to that whole life policy you could have gotten for a lot less years earlier . Thank you . GARY LANE . "}
{"input": "What Happens When Your Term Life Insurance Expires? ", "output": "When your term life insurance policy expires , either it just ends , or it can be continued with extremely high rates , and the rates can then go up every year . In essence , the only way most people would keep the policy going at the new annually renewable rates would be if they are seriously ill and can not get another policy that would pay an immediate death benefit . That 's why it is best to have a fund for permanent needs on the side , if you take out a Term policy . Term life insurance is meant for temporary needs , because you never know if you can qualify for a new policy when the term ends . "}
{"input": "Is High Cholesterol Considered Heart Trouble When Completing A Life Insurance Application? ", "output": "On that family history question , when they ask if there was heart trouble prior to age 60 , they are asking about more serious issues such as coronary bypass , stent -LRB- s -RRB- , defibrillator , pacemaker , etc. . Having a parent or close relative who is taking blood pressure medication or cholesterol medication prior to age 60 should not affect you preferred eligibility . "}
{"input": "Is High Cholesterol Considered Heart Trouble When Completing A Life Insurance Application? ", "output": "For purposes of your life insurance application 's question about family history of heart disease , high cholesterol is not considered . While high cholesterol could lead to heart disease , many people are treated for it but never develop any cardiac problems . I commend you for being so conscious of giving truthful and complete answers to the questions on the application . "}
{"input": "Is High Cholesterol Considered Heart Trouble When Completing A Life Insurance Application? ", "output": "That is a great question ! I 'm glad that you asked it , because I believe that you are representative of a lot of people that fear health issues will keep them from getting life insurance , like pre-existing conditions did with health insurance . Many people are n't aware that the Affordable Care Act -LRB- Obamacare -RRB- removed that obstacle , so the perception that having a health issue gets in the way of getting , or affording insurance . Life insurance qualifications take a close look at your health issues , but are n't as strict as you might think . Most insurers will look at your high blood pressure , cholesterol levels , or diabetes , and if they are being controlled by medications , will not count that against you . It 's when these issues are n't being managed that you will have trouble getting or affording the coverage . Many companies will also have a `` look back '' period , where it is only within that period -LRB- usually 2-5 years -RRB- that major health issues are considered . So if you 'd had say , a stroke , but it was 10 years ago , and you 've been on medications and have had great health since , a good independent agent can help you find a policy that wo n't count that stroke against you . I am pleased that you were so careful with being truthful with your answers , that says a lot about your character and honesty . You rock !! I hope that helps you feel better about the question - they are looking for big things , not the little ones , but if you are still worried , just ask your agent , or drop me a line , and if I can help I will . Thanks for asking ! "}
{"input": "Is High Cholesterol Considered Heart Trouble When Completing A Life Insurance Application? ", "output": "The quick answer to your question is you are correct , high cholesterol among family members is not used against you when underwriting life insurance . The questions asked about family history are to give the underwriter an idea about your family genetics . Since DNA testing is currently not allowed in life underwriting , questions about family history attempt to take the place of genetic testing when assessing possible health risks . "}
{"input": "Is High Cholesterol Considered Heart Trouble When Completing A Life Insurance Application? ", "output": "High Cholesterol is a risk factor , but not heart disease or `` heart trouble '' . Regarding your specific question relating to family health history primarily they are looking for genetic pre-disposition for certain conditions that you may be likely to develop . For example if both your parents were diabetic it increases the likelihood of you developing diabetes . But high cholesterol is more diet related and not so much genetic related . "}
{"input": "Is High Cholesterol Considered Heart Trouble When Completing A Life Insurance Application? ", "output": "The main rule of thumb when answering any questions on a life insurance application is to be 100 % truthful . After all we do live in the information age and most of the time the underwriter is checking your answers against data bases . Having said that , you don not have the need to over answer the questions either . The family history questions are very specific to the conditions underwriting would like to know . Therefore , if the question is concerning heart trouble and not specifically cholesterol you are being 100 % truthful . However , just from my experience when high cholesterol does run in the genes , you may test high during your paramed exam blood work . Most carriers will rate you higher if your cholesterol ratio is a bit out of balance or your LDL readings are over 250 . If the high cholesterol is not genetic , then your family history should not be a factor in raising your premiums . Good luck ! "}
{"input": "Is High Cholesterol Considered Heart Trouble When Completing A Life Insurance Application? ", "output": "Family history of high cholesterol is not the same as heart trouble for purposes of your life insurance application . Your cholesterol history is relevant though and will be picked up on screening blood tests , if the policy you are applying for requires it . You do n't mention the details of what life insurance product you are considering . There are so many options available that it is very confusing for consumers shopping on their own . If you are not already , please seek advice from one or more local agents to your location . It cost you nothing to seek the advice of an insurance professional and it gives you added confidence in your insurance purchases . "}
{"input": "Is High Cholesterol Considered Heart Trouble When Completing A Life Insurance Application? ", "output": "No . Cholesterol is not consider heart disease when applying for life insurance coverage . This measurement is considered however , when applying for coverage . A high number may increase the cost of coverage while someone that is taking medication to control this issue may find that a lower cost . As in other cases , you are best to consider speaking to an independent agent that can advise the best course of action . "}
{"input": "Is High Cholesterol Considered Heart Trouble When Completing A Life Insurance Application? ", "output": "No , cholesterol is not considered as heart disease on your life insurance application . In fact some insurance companies have lossened up a bit and are allowing preferred rates with cholestrol above 300 as long as the total cholestrol ratio is -LRB- total/HDL -RRB- 4.5 . If you control your cholesterol you can Be approved for the best rate classes . "}
{"input": "Is High Cholesterol Considered Heart Trouble When Completing A Life Insurance Application? ", "output": "If your family member is just being treated for high cholesterol , then the answer would be no . Family medical history in life insurance underwriting generally focuses on whether a parent or a sibling of the proposed insured has developed heart disease or cancer prior to the age of 60 . Heart disease refers to items such as coronary artery disease , the placement of stents , bypass surgery , pacemaker , heart valve transplant , and other heart conditions . High cholesterol would not require a yes response . When looking for coverage , it 's important to compare multiple carriers for the coverage . Your full medical history will determine the risk classification you can qualify for - the risk class determines what the rates will be for coverage . In addition , every carrier has their own underwriting guidelines , meaning that each carrier can assign a different risk class to the same medical profile - one carrier may consider standard where another one may consider preferred . Your height/weight profile , prescriptions you 're taking , current conditions under treatment , conditions treated in the last 10 + years , any tobacco usage , and other factors affect the risk classifications carriers will consider . Determining the availability for preferred rates for your program would be best discussed with an independent insurance agent who can review your medical history , evaluate the risk class considerations , and compare a variety of options for you to make sure you 're securing the coverage at the lowest possible cost . Depending on how old the existing policy is , whether it 's term or permanent insurance , and what the premium is on it , you may want to consider securing a new policy that totals what the coverage would be if kept separately . Especially if it 's term insurance , a new policy would allow you to secure a new term rate guarantee where as the existing policy has fewer years remaining . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much . "}
{"input": "How Long Will My Life Insurance Last? ", "output": "If you are asking the question how long the proceeds will last to the survivors at your death , that answer is dependent on what you want the life insurance to pay for or fund at your death and the amount of money a surviving spouse or child will need each month after you have passed on . If you are asking the question regarding life insurance products , whole life is designed to last to age 99 . Term life insurance will expire at the end of the policy term if not renewed or converted . Keith Prim - Dallas , TX 214-435-0791 "}
{"input": "How Long Will My Life Insurance Last? ", "output": "First let me ask you if you purchased temporary Term coverage , or permanent , Whole Life coverage ? If it is Term , then , so long as you continue to pay the premium , it will last for the period you contracted for , as level term , and then the rates will rise considerably . 97 % of folks let their Term policy lapse before that ever happens . I always recommend Whole Life , because it last a lifetime , if you pay the premiums , and those premiums NEVER increase , and also it builds up cash value which you can borrow against , or take out tax free to pay for college , retirement , or a new home . While more $ at first , eventually it actually becomes less expensive than term , as its built up value can pay the premiums for you . A quality company can provide you with a variety of choices . Call me , Gary Lane , Agent , New York Life , 949\u00a0797\u00a02424 . Thank you . "}
{"input": "How Long Will My Life Insurance Last? ", "output": "It all depends on what type of insurance you purchased . Whole Life plans typically run for your entire life . Universal Life will run provided you have not taken so much of the cash value that the policy runs out should you stop making payments on it . Term Life will last for the length of the term you purchased . With all of these policies you need to make your monthly payments or the policy could lapse and you would lose your coverage . "}
{"input": "Which Company Has The Best Disability Insurance? ", "output": "When reviewing your disability insurance options , you should be sure to understand the differences between company contracts . With disability insurance , the key to the contract is the definition of disability and definition and requirements of the policy benefits . All disability contracts are NOT created equal . When you 're buying a disability policy , the MOST important factor in the policy structure is theDEFINITION OF DISABILITY.Each policy will use 1 of the 3 definitions : 1 -RRB- True Own Occupation - this says you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation , even if you are at work in another occupation . In short , this is the most favorable definition you can have . Guardian offers this definition and is our group 's top disability company to write business with . 2 -RRB- Modified Own Occupation - this says that you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation . This one is commonly seen in many individual disability insurance policies . 3 -RRB- Gainful Occupation - this says if you are unable to perform the duties of your occupation or any occupation for which you are qualified for by education , training , or experience due to sickness or injury . In short , this is the least favorable definition . This one is commonly seen in group disability insurance policies through an employer and property and casualty insurers that offer disability coverage . Disability insurance depends on a number of factors . The cost -LRB- your premium -RRB- is based on a number of factors - the most important being your medical history , your job , and your income - and the policies are very customizable . There are many moving parts to disability insurance and is not something I would suggest trying to buy on your own - this is a type of coverage you should consult with an experienced independent disability insurance broker about . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much . "}
{"input": "Which Company Has The Best Disability Insurance? ", "output": "What is a good company for one person 's disability insurance , may not be a good company for another person 's disability insurance . For persons with certain health conditions , there are limited plans that are offered by a limited number of companies . There are also companies that specialize in disability insurance for physicians , for business owners , and for high risk workers . There is no one company that has the best disability insurance for everyone . "}
{"input": "When To Buy Home Insurance When Buying A House? ", "output": "If you are buying a house , and if you are obtaining mortgage financing to do so , either your Mortgage Broker or your Attorney will provide you with a list of required items that the bank will need in order to schedule your closing . One of the primary items on that list will be a requirement to show proof of insurance on your home beginning at least the date of the closing . More than likely you will also be required to show proof that you have paid the first year 's premium for the insurance in full . The best advice is to contact your Insurance Professional about the property purchase as soon as you can after having your offer accepted by the seller . It is never a good idea to wait until the last minute . "}
{"input": "When To Buy Home Insurance When Buying A House? ", "output": "If you are in the process of buying a home , contact your insurance agent . Your insurance agent will need to coordinate with the title company to make sure that the coverage meets the requirements of your lender . The insurance agent will also need to take pictures of the property . Since most homeowners policies are paid through impound transfers from the lender it is critical to coordinate . "}
{"input": "How To Get Blue Cross Health Insurance? ", "output": "Blue Cross operates under several names around the country so the exact carrier that you would be purchasing it through depends on where you live -LRB- e.g. Anthem Blue Cross Blue Shield , CareFirst Blue Cross Blue Shield , etc. -RRB- . You can buy the health insurance during the annual open enrollment period -LRB- starts in November this year -RRB- - if you have a qualifying event , you can purchase health insurance under a special enrollment period . I always recommend buying your health insurance through a broker as there are many products to choose from making the process of buying coverage confusing and very time consuming - insurance brokers do not charge fees for their services so you can only help yourself . If you prefer to do it on your own , you can complete the process through the health insurance exchanges via healthcare.gov . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "Can I Unenroll From Medicare? ", "output": "You can disenroll from Medicare but consider the downside before doing so . If you disenroll from Medicare Part B and later decide to re-enroll you may have to pay a late enrollment penalty . The LEP is 10 % per year for every year you are not enrolled in Part B . If you disenroll from Part A you may also forfeit your Social Security benefits . "}
{"input": "What Is Medicare Plan J? ", "output": "Medicare Plan J is a plan that is no longer offered . The people who have Plan J can keep that plan the rest of their life if they want to . The current Plan F would be today 's equivalent . For those people who have Plan J it is important to get a Medicare Supplement review to determine if they can get similar benefits for less money . The premiums on Plan J could increase over time because that plan is no longer taking on new customers . The only way for it to generate revenue is to increase the premium to cover increasing medical expenses on a aging block of business . "}
{"input": "How Much Does The Average Person Spend On Home Insurance? ", "output": "The average cost of a homeowners insurance policy is going to vari from one geographic area to another . In my area I estimate that the average cost for a homeowners policy is about 700-1000 / yr.Homeowners insurance will vary depending on home values , claims history for the area , and many other factors . Contact your local agent to find out what coverage is available in your area and the cost associated with it . "}
{"input": "At What Age Does Medicare Start? ", "output": "For most people , Medicare starts the 1st day of the month you turn age 65 . You can sign up for Medicare Part A & B which covers about 80 % of the costs of care . You can also sign up for a Medicare Supplement plan -LRB- Medigap -RRB- to cover the difference . Medicare along with a Medicare Supplement is great health insurance . In addition , you can get a Medicare Part D plan to cover your prescription needs . "}
{"input": "At What Age Does Medicare Start? ", "output": "For most people , Medicare starts when you turn age 65 . It can start earlier if you are disabled under Social Security definitions and are receiving SSDI . It can also begin before age 65 if you have ALS -LRB- amyoptropic lateral sclerosis -RRB- or ESRD -LRB- end stage renal disease -RRB- . Your Medicare Part B can begin later if you are covered under a group health insurance plan . "}
{"input": "Is it common for landlords to be interested parties on tenants' renter's insurance? ", "output": "As astute landlord will require that a tenant provide liability insurance and name the landlord as an additional insured . The liability insurance is normally contained in a renters policy . This makes it easy to handle a claim . Without this clause the claimant could sue both the tenant and the landlord . "}
{"input": "Is it common for landlords to be interested parties on tenants' renter's insurance? ", "output": "That 's a great question ! Lol , the smarter ones will want to know ! They are also protected when you have insurance , and left with increased risk when you do n't . Put yourself in the landlords shoes - if a tenant is willing to try to get coverage only long enough to get the apartment and then drop it , are they really a tenant that the landlord wants ? Probably not . A landlord that wants to know is conscious of everyone 's safety , and that 's ultimately a good thing . Thank you for asking ! "}
{"input": "What Should Be Included In Your Retirement Plan? ", "output": "Each person 's retirement plan is different . The makeup should be based on what defined pensions -LRB- if any -RRB- you have along with what other sources you are utilizing . Naturally , a matching 401K is a great foundation along with other diversified safe assets . A full-time financial planner or broker -LRB- not marketers , advertisers , media persons or unlicensed representatives -RRB- will offer some great ideas including what mutual funds -LRB- if any and why -RRB- should be used , annuities , bonds or other investment instruments . "}
{"input": "Can You Use A PO Box For Car Insurance? ", "output": "As a mailing address yes , but not as your physical address . In almost all cases your auto insurance rates are based in part on your physical address zip code . To ensure that you are receiving the proper rate for the risk that the carrier is accepting when providing you with coverage they need to know where you garage your vehicle amongst other information . "}
{"input": "Can You Use A PO Box For Car Insurance? ", "output": "I am not aware of any insurance carrier that would be willing to accept a client using a PO Box as an address of residence . If you are using the PO Box for mailing purposes only , then you may be able to use the PO Box for auto insurance mailings . "}
{"input": "Can You Use A PO Box For Car Insurance? ", "output": "The car must have a household attached to it . That means that a physical address is necessary . That doesnt mean that correspondence needs to go to that address . You can establish a P.O. Box for correspondence . The place that you call your domicile is the address that the insurance company is looking for . "}
{"input": "Who Should I Talk To About Life Insurance? ", "output": "You should interview independent life insurance agents or life insurance licensed registered representatives . Career agents may have access to life insurance products through brokerage outlets , but they generally attempt to sell their proprietary products , which rarely are competitive in the brokerage market place . Vetting the right adviser is part of your financial plan , so plan wisely with the right planner . "}
{"input": "Who Should I Talk To About Life Insurance? ", "output": "Find a good local experienced independent agent in your area who can sit down with you , discuss your needs and goals and help you find the plan that is affordable for you . Do not bow to high pressure sales tactics . Find someone you are comfortable with . You may want to interview a few agents before deciding on the one you want to do business with . A good agent will be looking out for YOUR interests . Find someone who has been in the business for a while , who knows the plans and options available to you . "}
{"input": "How Much Does Life Insurance Cost For A Newborn? ", "output": "Life insurance is extremely affordable for a newborn baby as Peggy pointed out . Another affordable avenue is to add a child life rider to your adult life insurance especially if you have or planning to have more children . A child life rider can be purchased for as low as $ 4 per month for $ 10,000 per child all for the same low price with no limit on the number of children covered . "}
{"input": "How Much Does Life Insurance Cost For A Newborn? ", "output": "Congratulations on your newborn -LRB- or newborn to be -RRB- in the family ! You will be able to get life insurance on the baby when he or she is about 15 days old . It will cost approx $ 3 to $ 10 per month for $ 10,000 of Whole Life . The rate depends on the gender of the baby , and also on the life insurance company , and features of the policy you get . "}
{"input": "Can Minor Be Beneficiary Of Life Insurance? ", "output": "Yes , as Peggy mentioned you can name a minor as a beneficiary , however , you would be better served by at the very least leaving it in trust for a minor . Setting up a formal trust expressing your wishes would be preferred . In Canada , since you can direct that the proceeds be paid in the form of an annuity this should be explored . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "Can Minor Be Beneficiary Of Life Insurance? ", "output": "A minor can be the beneficiary of a life insurance policy ; however , the court will appoint a financial guardian to oversee the distribution of the death benefit to the child , unless that has been taken care of in another way . It is better to leave the proceeds to a trust , or to the person who would become the legal guardian of the child . "}
{"input": "How Much Does It Cost To Get Car Insurance For The First Time? ", "output": "There are many factors that contribute to car insurance rates . Experience is one of them but it is n't weighted as heavy as other factors such as credit , driving history , and claims history . Another factor that will weigh heavy on rating would depend on if you are getting insurance for the first time because you just purchased a car or getting it for the first time while owning a vehicle for an extended period of time . As long as you can show proof -LRB- i.e Bill of Sale -RRB- that you made the car purchase without a trade in , most companies will not apply a tremendous surcharge . I recommend that you shop around because every company is different in their standards . I would stick with face-to-face quotes so you can ask all the questions that you have on your first insurance purchase . insurance is one of the few things that a human will outsmart a computer at anytime . "}
{"input": "Is Durable Medical Equipment Covered By Medicare? ", "output": "Yes , durable medical equipment -LRB- DME -RRB- is covered by Medicare Part B . The durable medical equipment must be medically necessary , prescribed by your doctor , and used in your home in order to be covered by Medicare . It also must be durable , not useful to someone who is n't sick , and is used for a medical reason . "}
{"input": "Who Owns New York Life Insurance? ", "output": "New York Life Insurance is a highly rated mutual life insurance company that is owned by their policy holders . During a period of demutualization , New York life considered moving to a stock company and would have been obligated to their shareholders . Their blue chip balance sheet is a leading example of financial strength and claims paying ability among carriers as well as to their policy holders . "}
{"input": "What Is Retirement Plan Distribution? ", "output": "When you look at retirement planning think of it as 4 phases . 1 . contributions 2 . accumulation 3 . distribution 4 . transfer . Contribution means how much money will i save each year in my savings vehicle . For example if i have a 401k and i decide i 'm going to contribute $ 5,000 a year that 's my contribution . Accumulation means my $ 5,000 will grow over time in my 401 k savings vehicle.for example $ 5,000 grows in 20 years @ 7 % would add up to $ 219,325 . Distribution is i have saved $ 219,325 in my 401k account , I 'm retired now and i need an income . You decide you want to take out 10 % of 219,325 . Your withdrawal would be $ 21,932 . Now you can have early withdrawals but you have to be aware of which savings vehicle you have because there might be penalties and fees for early withdrawal depending on your age.Some savings vehicles have no penalties . You might want to look at different savings vehicles tha t suite your needs . Transfer is passing your money and assets to your kids , charity , or church when you pass away . Or maybe you have everything put into a trust . "}
{"input": "What Is A Good Estimate For Homeowners Insurance? ", "output": "Great question . A home insurance policy cost on average about $ 300 - $ 900 a year . It also depends on a multible factors such as your home location . The age of your home . And some companies check your insurance score to determine price . Good Luck you may also want to call your local independent agent for a quote . "}
{"input": "What Happens When You Apply For Health Insurance? ", "output": "To add to what Barry said , the typical timeline is anywhere between 2-6 weeks before everything falls into place . The time is influenced by the current volume of applicants and if everything is complete on the application , and if the payment goes through etc. . The typical steps are : 1 . Application submission . 2 . Review for eligibility . 3 . Notice of approval and request for payment . 4 . Payment clears . 5 . Enrollment in to coverage . 6 . Issuance of ID card and coverage contract . "}
{"input": "What Happens When You Apply For Health Insurance? ", "output": "This a great question since everything has changed beginning January 1 , 2014 . Since all individual health insurance is guarantee issue an insurance carrier can not turn you down and therefore will not ask any medical questions . Once the application is complete carriers will review it to make sure it is complete and you have chosen a plan . At that point it is approved . No more medical questions , no more waiting for doctors to reply for more information . "}
{"input": "Is Renters Insurance Per Person? ", "output": "Renters insurance typically covers the insured and the insured 's immediate family living within the covered premise . If there are other tennats within the rented premise that are not immediate family members then they should secure their own renters insurance coverage . Remember that every policy is different , please read your policy completely to understand the coverage provided and any exclusions that there may be . "}
{"input": "Is Flood Damage Covered Under Homeowners Insurance? ", "output": "One word - No . Damage caused by Flood is a specific and extremely common if not universal exclusion in Homeowners policies . Though it may be possible to endorse your policy to cover damage caused by a failure of a drainage system , there is no endorsement for flood . That protection is only available by purchasing a Flood Insurance policy "}
{"input": "Does Health Insurance Cover The Lap Band Surgery? ", "output": "Some health insurance plans will cover a percentage of the cost of bariatric surgeries -LRB- including lap bands -RRB- - you would be responsible for the difference . Please note , plans that provide coverage for it may have certain requirements be met for the plan to pay a benefit so you may want to verify with the carrier what/if they will pay for a portion of the surgery . If you 're unsure whether your health plan provides coverage for the procedure , you can check the language inside of your policy , or contact your agent/the carrier to find out . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any other questions . Thanks very much . "}
{"input": "What Is A Non Registered Retirement Savings Plan? ", "output": "In Canada , if a plan is a Registered Retirement Savings Plan . the the contributions are tax deductible and the plan grow tax deferred . The withdrawals are taxable and must start before the end of the year in which you turn 71 -LRB- based on current legislation -RRB- Other tax advantaged plans can be used to save for retirement and they would be non registered . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . "}
{"input": "What Is A Non Registered Retirement Savings Plan? ", "output": "There are non qualified , non registered retirement savings plans . Currently , one of the most popular plans is a non modified endowment contract featuring current assumption universal life with three crediting methods to choose from : interest rate crediting , indice crediting and separate sub account crediting using equities and bonds investments . "}
{"input": "How Long Does It Take To Get Money From A Life Insurance Policy? ", "output": "Normally , it can take as little as a week or two to receive death proceeds of a life insurance policy from the time the insurer receives a claim form and the death certificate . In the event of death in the first two policy years , the insurer will need more time to investigate the claim as death occurred within the two year contestability period of the policy . "}
{"input": "How Long Does It Take To Get Money From A Life Insurance Policy? ", "output": "You can anticipate a wait of one to two months to get money from a life insurance policy , although it could be shorter , and -LRB- rarely -RRB- longer . To expedite it , order enough certified death certificates at the time of death to cover all policies you may find . Call your agent or the insurance company to have them email you the death claim . The sooner they receive these items , the sooner the life insurance proceeds will be paid . "}
{"input": "Can You Take Out Life Insurance On Other People? ", "output": "You can take out life insurance on other people if you have an insurable interest in their lives . I.e. . Their death would affect you financially , in a negative way . The life insurance is to make up for that loss , not to make a profit on their death . They must give permission for you to take out life insurance on them . "}
{"input": "Who May A Single Premium Immediate Annuity Be Appropriate For? ", "output": "A single premium immediate annuity may be appropriate for someone who has an adequate amount of savings for retirement , but who wants to supplement their income . Anyone who has a lump sum of money which they do not need access to , and who would like to have it structured to provide additional income on a regular basis , couple possibly benefit from a single premium immediate annuity . "}
{"input": "Who Should Enroll In Medicare Part B? ", "output": "The only persons who may not want to enroll in Medicare Part B are those who have a group plan that has features better than Medicare Part B , and for which the group policy would be the primary payer . There is no penalty to wait until your group plan ends , to sign up for Part B Medicare . If you are an active duty service member and age 65 , you could also wait to sign up for Part B. For everyone else who qualifies , enrolling in Part B is reasonably priced and something you have paid into . Unless you have moral reasons against it , prefer private coverage , or are able to insure yourself , I know of no reasons to not enroll in it . "}
{"input": "Does Life Insurance Have To Go Through Probate? ", "output": "Life insurance that is left to a person as beneficiary does not have to go through probate . A check is sent to the beneficiary shortly after the death claim and certified death certificate are sent to the life insurance insurance company . On the other hand , if the estate is set up as the beneficiary , or if the beneficiaries stated on the policy are not alive at the time of the death of the insured person , the proceeds would go to the estate and then , through probate . "}
{"input": "Does Life Insurance Have To Go Through Probate? ", "output": "Typically , when the beneficiaries of your life insurance policy are listed in the proper manner , the proceeds from life insurance pass to the listed beneficiaries directly . This means the process of the paying of any life insurance benefits happens outside the probate process . I hope this helps . If you have anything more specific you 'd like to ask . Please do . "}
{"input": "Does Life Insurance Have To Go Through Probate? ", "output": "In Canada , typically if the beneficiaries of the policy are individuals then the proceeds of the policy do not need to go through probate . If the beneficiary is the estate then the proceeds will have to be probated and subject to claims of creditors . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "Does Life Insurance Have To Go Through Probate? ", "output": "One of the big advantages of life insurance is that it does not have to go through probate . My father died about a year ago , and he had several small life insurance policies . My mom was truly surprised that she had quick access to those funds to pay for Dad 's funeral , without having to wait for probate -LRB- which still has not been completed , as far as I know -RRB- . And surprised again when she just found out for sure that she did not have to pay any taxes on them . No matter how much you trust your agent , it is collecting on life insurance that can make believers of anyone . "}
{"input": "Does Life Insurance Have To Go Through Probate? ", "output": "If there is no beneficiary cited on a life insurance policy -LRB- or the beneficiary is the estate -RRB- , the proceeds are paid to the estate . From there , they will go through the probate process if there is no instruction for how the proceeds are to be distributed - when this happens , the courts would decide how the estate is to be distributed . If a beneficiary is designated , then the proceeds would be paid to that person -LRB- s -RRB- / entity rather than going through the probate process . "}
{"input": "Does Life Insurance Have To Go Through Probate? ", "output": "Life inusrance policies have designated beneficaries , so itdoes n't go through probate . Unassigtned assets generally go through probate . Qualified retirment plans also have assigned beneciaires , so those assets also by pass probate . It 's important to consult with an estate or probate attorney before retitling ownership or the reassignment of any beneficaries . "}
{"input": "What Do I Do About Insurance When I Buy A New Car? ", "output": "It is going to be important to be in touch with your Insurance Professional because , as my colleague said , in order to purchase the vehicle , the dealership is going to need proof of insurance on that vehicle in order for them to complete the registration of it for you . You or your dealership will need to provide the year , make , model and Vehicle Identification Number -LRB- VIN -RRB- . Further , if you are leasing or financing , the financial institution needs to be named on your policy and proof provided in order to complete your transaction . If you are financing the purchase , the finance company has an interest abd will need to have proof that you have both Comp and Collision coverage . Leasing is similar , however , in addition to the two physical damage coverages I mentiond , they also require that a certain amount of Liabilitry protection be provided by your policy . Here in CT it is common for the requirement to be $ 100,000 / $ 300,000 or more for Bodily Injury and $ 50,000 or more for Property Damage . "}
{"input": "What Do I Do About Insurance When I Buy A New Car? ", "output": "Typically when you buy a new vehicle the dealership will require proof of insurance before you leave the lot . That means that you would call your current agent or your auto insurance carrier 's main number and let them know about the purchase of the new vehicle . When you call you should at minimum have the VIN number for the vehicle handy , the carrier will need it to properly identify the vehicle . If you are using this vehicle as a replacement for another you will have to advise your agent or carrier of this . "}
{"input": "Can You Borrow Money From Your Retirement Plan? ", "output": "Borrowing money from your retirement plan for emergencies can be helpful , but it shouldnt be used as a bank . Qualified retirement plans have their own regulatory rules of engagement for accessing plan participant money . Qualified plans charge interest , generally require repayment at employment termination or transfer of funds . If qualified pan money is deemed received it will trigger an ordinary income tax event and a 10 % penalty if youre under 59 . Non-qualified retirement plans that use a TAMRA compliant non modified endowment contract can borrow accumulated cash values at a low or no interest as the long as the policy is kept in force for the life of the insured . "}
{"input": "Can You Borrow Money From Your Retirement Plan? ", "output": "Can you borrow money from your retirement plan ? Well , it 's going to depend on what type of plan you have . Some plans do allow for the request of borrowing from your account , but should you ? There are considerations to be made if this is something you are thinking about are issues like removing money from your account that could be earning a greater return than the rate you 're borrowing from . In other words you 're taking out money earning 8 % and paying it back at 4 % . Also if you separate employment the loan becomes a distribution and is considered taxable income with a possible early withdraw penalty . "}
{"input": "Is Having A Pension Plan Worth It? ", "output": "This is a very subjective questions and depends on circumstances . For the recipient of pension benefits , the question would be if working at the employer who provides the pension is worth having the benefit -LRB- i.e. are you paid enough in regular salary and have adequate benefits as well as are your working conditions worth keeping the job to receive eventual pension benefits -RRB- . For employers the question would be is the cost of providing the pension benefits justified by that benefit 's ability to attract and retain high quality and talented employees . "}
{"input": "Is Van Insurance Cheaper Than Car Insurance? ", "output": "Every vehicle has an assigned symbol . That symbol is based on the average cost of claims for that particular vehicle . Occasionally that symbol will change as there is increased claims experience . That symbol is part of the formula that determines the rate charged for your particular vehicle . An insurance agent can give you specific information . "}
{"input": "Is Van Insurance Cheaper Than Car Insurance? ", "output": "There are not enough details to even try to provide an educated guess on the question . The term `` van '' are you refering to a mini-van , a conversion van , a cargo van , or are you talking about an industrial truck or semi that are sometimes refered to as `` vans '' ? The best way to find out the rates for certain coverages on certain vehicles is to contact your local agent to have them get you pricing . "}
{"input": "Does Medicare Pay For IV Antibiotics At Home? ", "output": "No unfortunately Medicare does not pay for IV Antibiotics or almost any infusion therapy done in one 's home . The only exception is IVIG -LRB- Intravenous Immune Globulin -RRB- for people with a diagnosis of primary immune deficiency disease , although then it only covers the globulin itself . "}
{"input": "How Does An Annual Deductible Work For Health Insurance? ", "output": "A deductible is the amount of money that you would pay before your health insurance kicks in . For example , if you have a $ 3,000 deductible and need to go to the hospital then you would pay the first $ 3,000 . Your insurance would kick in after that . For folks age 65 and over that are on Medicare along with a Medicare Supplement it will work a little differently . The deductible on most of the plans would be smaller and for doctors and tests not the hospital . I would be happy to answer any other questions you have . "}
{"input": "Where Are Premiums From Fixed Annuities Invested? ", "output": "Life and annuity companies generally purchase investment grade government bonds as their dominant portfolio position . Similar to a bank , an insurance company attempts to generate a return from their portfolio , keep a portion of that return for their profit margin and pass on the rest to it 's policy holder . "}
{"input": "What Is The Biggest Life Insurance Company? ", "output": "The largest life insurance company in the United States -LRB- by assets -RRB- is presently the Metropolitan Life Insurance Company -LRB- aka MetLife -RRB- . MetLife is not the world 's largest life Insurer . The largest life insurer in the world -LRB- again by assets -RRB- is the Japan Post Insurance Company . "}
{"input": "What Is The Biggest Life Insurance Company? ", "output": "MetLife is the biggest life insurance company in the United States and Mexico . Metropolitan Life -LRB- MetLife -RRB- is the fourth largest insurer for life insurance in the world . Prudential Financial is just under Metropolitan Life in size in both the United States and the world markets for total company assets . "}
{"input": "Will I Get A Refund If I Cancel My Car Insurance? ", "output": "While of the `` unearned '' premium should be returned when you cancel your car insurance , it would be important to know why you are cancelling your car insurance.If there are no other cars in your household and you are not considered an insured on another comparable auto insurance policy , you may wish to consider `` Non-owned Auto '' coverage . This type of policy covers you for liability and physical damage while you are operating a car you do not own -LRB- borrowed , rented , etc. -RRB- and may provide uninsured/underinsured coverage to you when you are a pedestrian or riding in someone else 's vehicle . Not owning a car does not mean you no longer have an auto related exposure . "}
{"input": "Will I Get A Refund If I Cancel My Car Insurance? ", "output": "You can receive a refund ONLY IF there is time left on your policy . Insureds are due back any unearned premium that insurance companies do not use . The premium is earned when then insurance company indemnifies you for the policy period . So , if you cancel your policy before the end of the policy period , then you will get back the unearned premium . The premium will be returned on a pro rata basis . For example , if you policy period is 6 months and your premium is $ 600 and you cancel after 4 months , then you will get roughly $ 200 back . I hope this helps . "}
{"input": "Will I Get A Refund If I Cancel My Car Insurance? ", "output": "If you cancel your car insurance you may be entitled to a refund , but you should discuss it with your Insurance Professional . The amount of refund will be dependent upon the amount you have paid and the length of time the policy has been in force . If , for example , you have a six month contract and have paid it in full , then if you cancel after three months you would receive about half of your money in return . Cancel after 5 months and you will receive about a month 's worth . If on the other hand you pay half and then choose not to pay your next quarterly installment , your policy 's grace period will kick in and you will continue to have coverage for a specified period of time . If you then cancel the policy while in that grace period , instead of a refund , you will owe for the extra coverage provided . "}
{"input": "Does Insurance Cover Wigs For Cancer Patients? ", "output": "Critical Illness insurance pays a lump sum to the insured person upon diagnosis of a qualifying disease . Cancer is one of the commonly covered illnesses , and cancer that requires chemotherapy or radiation is usually covered . The lump sum that is paid to the insured person can be used however they wish , including to buy wigs . "}
{"input": "Why Would An Insurance Company Deny Life Insurance? ", "output": "The main reason -LRB- s -RRB- a life insurance would deny Life Insurance are : 1 -RRB- Medical Issues -LRB- pre-existing conditions -RRB- 2 -RRB- Your financials do not warrant the benefit amount you are seeking If they deny due to medical reasons , you could apply for a `` simplified issue '' product . This is not guaranteed , but there is no paramed -LRB- medical exam -RRB- so it may be easier to get issued . Of course , the premium is higher , but it may be an alternative . "}
{"input": "Why Would An Insurance Company Deny Life Insurance? ", "output": "In my business as an impaired risk life insurance agent , we have a lot of people come to us who have been denied life insurance elsewhere . I have found these to be the top five reasons that they were declined : 1 -RRB- The product they applied for was not meant to cover their health condition 2 -RRB- The application had missing or incorrect information 3 -RRB- Something was on their medical records that they were not aware of 4 -RRB- Complete records or other underwriting requirements were never received by the underwriter 5 -RRB- Everything was done correctly but the person 's health just did n't warrant approval This article has some tips to help you avoid those declines : WEBSITELINK "}
{"input": "How Much Is For Car Insurance? ", "output": "How much is for car insurance ? Hmmm . What is this person attempting to ask ? How many people like auto insurance ? No , I think they mean something else . How much does it cost ? Yes , that 's probably it . Rates vary , depending on your age , location , driving record and vehicle . As experienced brokers , we 're always happy to shop for the best rates and show you the lowest prices . LIVE -LRB- 2014/2015 -RRB- Answer provided by : Ed Harris - Premier US car insurance broker for 33 years and owner of several top-rated websites where consumers find the lowest available rates . "}
{"input": "How Much Is For Car Insurance? ", "output": "The price of car insurance is governed primarily by the losses sustained by the group of automobiles the insurance company insures . Actuaries analyze losses and determine factors which predict the possibility of claims . For example there is solid evidence that youthful , inexperienced drivers have more accidents than the general population . The insurance company will develop a rating plan that will consider the experience of the driver . We also know that the more miles that we drive , the more likely we are to have an accident . That is why companies often go into great detail over the odometer reading . "}
{"input": "Does Renters Insurance Cover Slip And Fall? ", "output": "You renters policy has an entire section devoted to liability insurance . It states that the company will pay any sum that you are legally liable for . If someone other than a resident of the home is injured on your premises , your company will act on your behalf . These claims can be a minor inconvenience to a major headache and are actually the best reason to have a renters policy . "}
{"input": "How To Get Public Health Insurance? ", "output": "Public health insurance -LRB- through government sources -RRB- is available if you qualify . Typically , it is based on income and perhaps other qualifications . Contacting your local Medicaid office is a great start to see if you meet their guidelines . If you do n't , they can refer you to a program that could assist you . "}
{"input": "Who Has The Best Annuities? ", "output": "There are three basic crediting methods used by non-qualified tax deferred annuities . The first is fixed interest rate crediting methods of 5 , 7 and 10 year guaranteed rates . Sentinel has a leading 5 year fixed interest rate . The second is the use of indice crediting methods , both domestic and foreign . Genworth has an innovative earnings rollover product . The third is separate sub accounts which use equity and bond instruments in variable annuities . Because these accounts are market driven you can lose money . Currently the variable annuity feature of the income rider is attractive for investors with an established risk tolerance . There are many competitive variable annuity contracts available . Prudential is one of the leading manufacturers of variable annuities . "}
{"input": "Why Not To Get Long Term Care Insurance? ", "output": "The biggest reason to not get long term care insurance is if you can not afford it . If you are scraping by on Social Security income only , you probably can not afford long term care insurance . However , if you have a lot of assets that you want to pass to your heirs , they could pay the premiums for a long term care policy for you . If you have few assets and low income , that is a good reason to not get long term care insurance . "}
{"input": "How Does Type Of Car Affect Insurance? ", "output": "Each automobile is assigned a symbol based upon its year , make and model . The symbol reflects the anticipated cost of paying claims on that vehicle . Vehicles with a high horsepower to weight ratio tend to have a higher incident of claims than 4 door sedans with 4 cylinder automatic engines . This approach tries to make the collection of premium reflect the actual cost of insuring a particular car . "}
{"input": "How Does Type Of Car Affect Insurance? ", "output": "The type , age , model year etc. of aa car may certainly affect the amount of premium a company charges to insure it . A new car for example , will usually cost more to insure than an older car in part because if the value of the car itself . Likewise , the type and weight of a vehcle may make a difference as well . Insuring a Dodge Ram pickup fr example will cost more in liability premium than a Hyudai Sonata because a pickup can cause more damage and potential injury because of it 's increased mass and weight . An insurance compoany uses many different factors in order to develop what they believe is the proper premium to reflect the risk that they are asked to insure . "}
{"input": "If you have $500,000 in jewelry (through inheritance) and art and you live in a $500,000 house, can you insure all the jewelry and art? ", "output": "Yes , of course , but there are some things an insurer may require . You stated through inheritance . That is good because an insurer would be curious how someone with a 500,000 house can afford to purchase 500,000 in jewelry Many states , do not require companies to file rates on what the industry refers to as `` Inland Marine '' coverage.So , there is often a willingness to insure a schedule of jewelry at a specific price point the insurer deems adequate.Lastly , many insurers have multiple rates for jewelry if yours will to put the carrier on notice of an item being put in a bank vault and then taken out , then an insurer will use what are referred to as `` Bank Vault rates '' while the property is in the Bank 's Vault and charge another rate if the item is out "}
{"input": "Why Should I Get Term Life Insurance? ", "output": "Most people choose term life because they get a higher coverage amount for each premium dollar spent . The other time when term is used most efficiently would be to ensure financial stability . For example , let 's say you have 10 years left before you and your spouse retire . In that time , you plan to be heavily funding your savings and retirement plans to meet your needs in your later years . If you pass away before that happens , your spouse might be left with minimal funds to live on . A 10 year term policy would ensure that the funding is completed whether you live or not . Another example is when your kids are approaching college age and you do not have a large amount of savings set aside already . Many people plan to ` pay as they go ' with the college expenses , but what would happen if you passed away before that ? Term insurance could make sure the financial obligations for their education could be met . "}
{"input": "Why Should I Get Term Life Insurance? ", "output": "That is a great question ! Why should you get term insurance ? There are three good reasons . The first would be that it is the most affordable coverage that you can get . Notice that I said `` affordable '' , and not `` best '' . If you need $ 100,000 worth of insurance , and can not afford a whole life policy for that amount , then a term policy is certainly better than no policy at all . The second is if you are only looking to cover a short term debt , like an expected 5 year college debt . It does n't make sense to purchase a whole life policy to cover a debt that you will pay off in a short amount of time . I hope that helps , thanks for asking ! "}
{"input": "Why Should I Get Term Life Insurance? ", "output": "Without knowing more about you , it is impossible to know whether you should get Term Life Insurance . The type of life insurance you should get , or whether you should get life insurance at all , is best determined in a consultation with an experienced agent who can help fit the product to your needs and budget . This can be done in person , over the phone , or even by email . But one size does not necessarily fit all , and talking over your situation with someone who can help you sort through the thousands of products can be extremely helpful . Generally speaking , though , there are two main characteristics of someone who should buy Term Life : they needa lot of coverage for the least possible cost now , and they will not need as much -LRB- or any -RRB- life insurance in the distant future . "}
{"input": "Why Should I Get Term Life Insurance? ", "output": "The simply rule of thumb to purchase term life insurance is to create an instant estate in case of the primary wage earners untimely death . You want to purchase enough to pay off your loved ones debt , replace your income and if young children are involved enough to educate them . The simple rule of income replacement is 10 times your income to invest . "}
{"input": "Why Should I Get Term Life Insurance? ", "output": "Term life insurance is needed when you have a temporary debt that you do n't want others to be burdened with such as a home mortgage , car loans , credit card debts , college tuition , etc. . Coverage for items such as income replacement and leaving a legacy to your family should ideally be covered by a permanent life insurance policy . I would recommend consulting with an experienced independent life insurance broker who can work with you on a personal level to help you determine how much coverage you should have in place and how long you should have it for . Since budget is an obvious concern for most , many people will create a coverage structure that will best serve their needs even if it can not cover everything . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "Does Health Insurance Cover CBT? ", "output": "I am assuming when you say CBT you are referring to Cognitive Behavioral Therapy which most of the companies provide reimbrusement for which means you will have to pay the bill and then submit the bill to the insurance company unless the therapist agrees to bill the insurance for you . Have you found this coverage in your policy ? Have you called the `` customer serivice '' number and ask them ? "}
{"input": "Does State Farm Auto Insurance Cover Rental Cars? ", "output": "State Farm auto insurance policies will provide a substitute transportation benefit -LRB- rental cars -RRB- in the event of an accident or covered claim . You may have to add a rider to the policy to obtain that coverage . When you are driving that replacement vehicle , many of the benefits of your own State Farm vehicle transfer to the vehicle you are renting . Of course , you should always check with an experienced car insurance broker for specific information , and you wish , free quotes from multiple carriers . "}
{"input": "What Happens To My 401K If I Die? ", "output": "You company should have on file a beneficiary form from you . The money will be sent to the appropriate beneficiary . If your beneficiary does not survive you the money will revert to your estate and potential probate . Keeping the beneficiary designation current is often overlooked and many people have been shocked when the pension they expected to come to them goes to a former spouse . "}
{"input": "Who Can Get Long Term Care Insurance? ", "output": "Anyone can apply to get long term insurance , however there is underwriting involved . Unlike with life insurance , where the insurance companies figures out how long before you die . With LTC insurance , the insurance company figures out how long you will live . Underwriting can be difficult to pass if you have a history of health problems . Many Annuities now come with Long Term Care riders , in the event you need to go into a nursing home , where the account value doubles , or triples . Also a new type of life insurance policy allows an accelerated death benefit , in the event you have a critical illness , or need to go into a nursing home . This policy allows you to take part of your death benefit , while leaving something to your beneficiaries . "}
{"input": "Does Medicare Cover Cymbalta? ", "output": "Cymbalta is a prescription drug so it would not generally be covered under Original Medicare -LRB- Parts A & B -RRB- - you can use the plan finder tool on the Medicare.gov website to see what prescription plans will cover the medication as well as enroll in a plan -LRB- if an available time to - e.g. having a special enrollment period or it 's the annual enrollment period -RRB- . "}
{"input": "Can Minors Be Beneficiaries On Life Insurance? ", "output": "Minors can be beneficiaries on a life insurance policy . Most of the time minor children are contingent beneficiaries as a backup to their parents if both were to die . But just because you can do it doesnt mean you should it . When minors receive death benefit proceeds after both parents have died custodial control and/or guardianship can arise . The creation of a trust could be a better alternative . Consult with an attorney before placing minor children as beneficiaries on your policy . "}
{"input": "Can Minors Be Beneficiaries On Life Insurance? ", "output": "Yes , minors can be beneficiaries on life insurance . If the insured person passes away while the child is still a minor -LRB- under age 18 in some states , under age 21 in others -RRB- , the death benefit must be managed by an adult until the child reaches the age of adulthood . This helpful article describes some ways of legally handling this situation . WEBSITELINK "}
{"input": "Does Homeowners Insurance Cover Attic Mold? ", "output": "Generally NO . Property insurance does not cover problems that occur over time . And mold in the attic or anywhere is the result of long term unremediated moisture exposure and considered a maintenance issue . Some insurers provide limited mold remediation subsequent to a covered water claim but no stand alone coverage for the mold issue itself . Check with your insurance professional for a detailed explanation . "}
{"input": "Does Homeowners Insurance Cover Electrical Wiring? ", "output": "The key word to remember in connection with a homeowners policy is damage . The policy is not designed to correct deficiencies or pay for routine maintenance . Wiring does have a special place in a homeowners policy in that when there has been damage from a covered source the work of restoring the property might include changes in the wiring and plumbing to meet the requirements of the current building code . Additional coverage to pay for that expense can be added to your homeowners policy . "}
{"input": "Does Term Life Insurance Have A Surrender Value? ", "output": "That is a great question ! Term life insurance policies are cheap because they have no extra 's and a definite point on the calendar where they end . Whole life policies have more moving parts , and an indefinite end point , so are more expensive . One of those moving parts is the cash value aspect . Since term policies do not have this aspect , they have no surrenderable value . The premium that you pay for your term policy pays only for the cost of your insurance . I hope that helps , thanks for asking ! "}
{"input": "Does Term Life Insurance Have A Surrender Value? ", "output": "Term Life Insurance does not have a surrender value because this type of policy only provides death benefit coverage . There is no inside cash accumulation in a Term Life policy which is something that you would find in a form of Permanent Life Insurance . If the term policy that you have no longer meets your needs , talk to your Insurance Professional about other options that may be available . "}
{"input": "Does Term Life Insurance Have A Surrender Value? ", "output": "Term Life Insurance does not have a surrender value unless it is ROP -LRB- Return of Premium -RRB- Term . ROP Term will pay back some of the premiums that you paid in if you surrender the policy after at least half the term has passed . If you keep the policy for the entire term , it will usually pay back all the premiums you paid in . "}
{"input": "Does Term Life Insurance Have A Surrender Value? ", "output": "No - with term life insurance , these policies do not build cash value so there is no surrender value if you terminated the coverage . If you wanted to terminate your policy , you could either call the carrier to request it be ended or stop paying the premiums and the policy will lapse on its own . Please note , before terminating your policy , I would highly recommend consulting with your agent to discuss and see if there are any reasons why you should keep it . For example , if the premiums are no longer affordable , you may be able to reduce the face amount of the coverage to lower your premium and keep some level in place . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "Which Health Insurance Covers Hearing Aids? ", "output": "It is best to approach the need for hearing aidsbeing covered byhealth insurance coverage with very low expectations . While there are variations from state to state and from one health insurance carrier to the next , asa general rule it is probably best to start out with the assumption that hearing aids will not be covered . Then do your homework on your policy or the ones you are considering when it comes to coverage or non-coverage for such devices . In my experience , coverage for hearing aids in individual major medical plans has been and still is an excluded coverage . The same is true for fully insured group policies that I have been familiar with . Sometimes , a self-insured employer may include coverage for hearing aids in their plan designs but even this is rare in my experience . Oddly enough , this appears to have been a coverage area overlooked by the Affordable Care Act as well -LRB- a head scratcher when you consider all the other things they mandated coverage for -RRB- . There are stand alone specialty insurance products that individuals and groups can purchase that provide some coverage for hearing aids so it is possible that some people can address their needs in this manner . I am responding with just ordinary hearing loss and hearing aid issues in mind . The issues can get much more complicated in the cases of infants with issues from birth and the growing use of cochlear implants where arguments over medical necessity are much easier to get into . "}
{"input": "Who Is The Beneficiary In Life Insurance? ", "output": "The beneficiary in a life insurance policy is the person or entity that will receive the death benefit when the insured person passes away . The primary beneficiary is the first person in line for the death benefit . The contingent beneficiary would receive the life insurance proceeds if the primary beneficiary is not alive . "}
{"input": "Who Is The Beneficiary In Life Insurance? ", "output": "Life insurance is used to protect family members , business associates or charitable organizations of the policy insured from financial liabilities and future obligations . If the event that the policy insured dies death benefit proceeds are paid to the policy beneficiaries like family members , business associates , charitable organizations and even irrevocable life insurance trusts . "}
{"input": "When Are Annuities Paid? ", "output": "With the exception of single premium immediate annuities and deferred annuities that are annuitized for the life of the annuitant , annuities generally have maturity contract dates or time certain periods . Annuities contracts that mature can either rollover to another contract period , 1035 exchange to another annuity or take some form of distributions . "}
{"input": "How Is A Roth IRA Better Than A 401K? ", "output": "How is a Roth better than a 401k ? Well it 's not a matter of better , it 's a matter of different . Both a Roth and 401k give you tax deferred savings , they just differ on when taxes are applied . A 401k allows contributions to go in pre-tax and grow tax deferred . When those funds are withdrawn they are income and subject to taxes in what ever bracket you 're in . A Roth does the opposite , you pay taxes on your contribution and it grows tax deferred , then distributions from your Roth are done without any tax implication . So the question of one over the other is do you think taxes will be higher or lower when you begin to withdraw funds ? "}
{"input": "How Is A Roth IRA Better Than A 401K? ", "output": "An employer sponsored 401 -LRB- k -RRB- might have employer contributions which would certainly make it a wonderful enhancement to your retirement . Your contributions to a 401 -LRB- k -RRB- are usually before tax , so that reduces your current income tax . A Roth IRA , on the other hand is paid with contributions that are not currently tax deductible . Both plans accumulate money on a tax deferred basis . There isnt any tax on current earnings . However , when you start to draw benefits , assuming you meet all the requirements , the 401 -LRB- k -RRB- benefits will be taxed as ordinary income . The Roth IRA benefits will not be taxed at all . "}
{"input": "Will Home Insurance Pay For Tree Removal? ", "output": "Homeowners insurance will not typically pay for removal of trees . This is normally considered a maintainance issure for the homeowner . Please read your policy completely to understand what coverage is provided and what exclusions it may contain or contact your local agent to have them go over the policy with you . "}
{"input": "What Qualifications Does Someone Have To Meet To Receive Disability Coverage? ", "output": "The basic rule of thumb to qualify for a disability benefit has more to do with your physician than the disability insurance company . A licensed medical physician must diagnosis you with an injury or illness so severe that you can not perform the duties of your current occupation . At that point the clock is running on the disability claim and once the elimination period is satisfied , benefits are paid . "}
{"input": "Is Life Insurance Considered An Asset? ", "output": "When calculating your net worth , you look at the net cash value of each permanent policy and denote it as an asset . The net cash value is the amount that you would receive if you were to cash in the policy today . You can find that by ordering a current illustration from the insurance company . "}
{"input": "Is Life Insurance Considered An Asset? ", "output": "Life insurance is personal property , i.e. an asset , a tax advantaged asset , an asset that may be creditor proof . Permanent life insurance generally two financial components : cash values and a death benefit . These components can be collateralized , endorsed , sold in life settlements , borrowed against and used as a source of supplemental income . "}
{"input": "Is Life Insurance Considered An Asset? ", "output": "The current cash surrender value of the policy is the asset value of a life insurance contract . As property , life insurance has value and is liquid . If the policy owner decides to `` cash in '' the policy , the insurance company will pay the cash surrender value to the owner within a week or two . "}
{"input": "Who Should Buy Long Term Health Care Insurance? ", "output": "Long Term Health Care Insurance is called , simply , Long Term Care Insurance . It covers the cost of living in a nursing home , assisted living home , or receiving other types of services when the insured person is unable to take care of themselves . Among those who should buy Long Term Care Insurance are those who have many assets and feel strongly that they do not want their assets to go toward paying long term care expenses . People who want to have many choices in how and where they are cared for , should they be unable to care for themselves , are also people who would benefit from Long Term Care insurance , if they can afford it . Finally , persons whose families want the security of knowing that their parents will not rely on them for long term care , if needed , are those who should considering buying Long Term Care insurance . "}
{"input": "Do Any Insurance Companies Cover Medical Marijuana? ", "output": "This is a very new treatment that does n't have much support . You may have to just wait it out until new regulations are in place . "}
{"input": "How Much Does Employee Health Insurance Cost? ", "output": "There is no set answer to this question as it will depend upon the size of the employer group and the funding mechanism the employer group uses . After January 1 , 2014 for employer groups with less than 50 employees who are fully insured in many cases the answer will largely depend upon the age of the employee as many insurance carriers have gone to an age banded rating approach -LRB- for example , the employee only rate for a 25 year old will be different than the employee only rate for a 55 year old -RRB- . The rates will also vary significantly depending upon the state where the employer is domiciled -LRB- headquartered -RRB- . And rates will vary depending upon the level of benefits in a given employer 's health plan design . There are also other factors that can effect what a specific group 's employee rate will be . In the Tennessee , Mississippi and Arkansas region in early 2014 employee only rates for group health insurance can range from $ 200 to $ 500 or more per month when you take into account the variables I have listed in the previous paragraph . If you are an employer looking for a definitive answer to this question for your workforce you need to seek out the services of an experienced , qualified health insurance broker who can obtain quotes from a range of health insurance carriers covering a variety of health plan designs . I would be honored to offer my 30 years of industry experience to assist in answering this question for your company . "}
{"input": "What Can The Average Person Expect To Pay For Disability Insurance? ", "output": "Who is the average person and how much of their compensation does average person want to protect ? Long term disability insurance is paycheck insurance . First determine if your tax bracket warrants deducting the disability insurance premium as a legitimate business . If the answer is yes , apply for 80 % of your compensation . Keep in mind that the benefits will be taxable as ordinary income . If the answer is no , apply for 60 % of your compensation , your benefits will be tax free . Whats the cost ? Whats your gender , age , smoking status , health history , current medical condition ? Whats the amount you want to cover ? How long do you want coverage to last ? What elimination period do you require based on your current cash reserves ? It is possible that you may pay between 3-5 % of the compensation youre attempting to indemnify . "}
{"input": "How Does Cash Value Of Life Insurance Work? ", "output": "In simple terms , permanent life insurance requires premiums higher than what it takes to cover the cost of the death benefit . The surplus premium creates a `` cash value '' that grows over time . The cash value can be comprised of a guaranteed value plus a non-guaranteed component such as excess interest or dividends . The best way to see how cash value might work for you is to ask an agent for an `` illustration '' showing how the policy might work on a year by year schedule . "}
{"input": "What Are Some Life Insurance Companies? ", "output": "There are literally hundreds of life insurance companies in the United States alone and hundreds more abroad . Some of the more well known companies are Metlife , Genworth , NY Life , Prudential , American General , ING , Transamerica and Northwestern Mutual . You know these companies because of their marketing budgets . In most cases these companies have higher premiums because they must of set their advertising budgets . There are several other lesser known life insurance companies like SBLI , Banner Life , Assurity , North American , Fidelity Security and AXA Equitible that usually a life insurance broker would know . These companies are just as good and financially sound as the more well known companies , they just do n't have the larger marketing budgets and rely on brokers to sell their policies . This usually translates into more affordable premiums to the consumer . I recommend contacting an independent broker to professionally shop for the best polices at the best rates for your unique situation . "}
{"input": "What Are Some Life Insurance Companies? ", "output": "There 's hundreds and hundreds of companies out there . A list of some of the top companies is as follows : 1 -RRB- American General 2 -RRB- MetLife 3 -RRB- Lincoln National Life 4 -RRB- Prudential 5 -RRB- Transamerica 6 -RRB- ING 7 -RRB- Principal National 8 -RRB- Mass Mutual 9 -RRB- Guardian 10 -RRB- Banner Life 11 -RRB- Genworth 12 -RRB- New York Life 13 -RRB- United of Omaha / Mutual of Omaha 14 -RRB- SBLI -LRB- Savings Bank Life Insurance Company of Massachusetts -RRB- 15 -RRB- John Hancock When looking for a life insurance policy , there 's a ton of information to sift through and comprehend . An independent broker can help you find the program that will best serve your needs . If you would like some assistance , send me a private message on here or check out my website -LRB- a link is available on my profile page -RRB- . "}
{"input": "What Are Some Life Insurance Companies? ", "output": "Here is a list of companies , all A-rated , that Quality Term Life quotes on our website . American General Life Insurance Company American National Insurance Company Aviva Life and Annuity Company AXA Equitable Life Insurance Company Baltimore Life Insurance Company Banner Life Insurance Company Fidelity Life Association Genworth Life and Annuity Insurance Co John Hancock Life Insurance Company USA John Hancock Life Insurance Company NY Lincoln National Life Insurance Company MetLife Investors USA Insurance Company Minnesota Life Insurance Company MTL Insurance Company Nationwide Life and Annuity Insurance Co North American Co for Life and Health Ohio National Life Assurance Corporation Pruco Life Insurance Company ReliaStar Life Insurance Company -LRB- ING -RRB- ReliaStar Life Insurance of NY -LRB- ING -RRB- Royal Neighbors of America Sagicor Life Insurance Company Savings Bank Life Insurance Co of MA Securian Life Insurance Company Transamerica Financial Life Insurance Co Transamerica Life Insurance Company United Home Life Insurance Company United of Omaha Life Insurance Company Note that you will see many big names missing here . Like AAA , Farmers , State Farm , etc. . That 's because these companies require their agents to sell only their life insurance , in other words they are n't independent , so no shopping around for you . And their prices tend to be much higher for similar coverage . "}
{"input": "Why Do You Need A Medicare Supplement? ", "output": "Medicare Supplements pay the coinsurance and deductibles you would have under original Medicare.On day in the hospital with original Medicare nearly $ 1200 in deductible under part A. Any part B expense is covered at 80 % . The part A deductible is not calender year , it is best on coverage periods . You could conceivable have to pay this up to four times per year . There is no ceiling on the amount you would have to pay under part B so if your health condition is serious you could conceivably be responsible for over $ 10,000 in medical costs . Medicare Supplements will pay those costs . "}
{"input": "How To Accept Long Term Care Insurance? ", "output": "When you are applying for Long Term Care Insurance and are approved , the company will send you a copy of your policy . There is usually some delivery paperwork to sign , including any amendments made to your policy . By signing the delivery paperwork and paying the first premium , that is usually how you accept a long term care insurance policy . "}
{"input": "How Does A Stay At Home Mom Save For Retirement? ", "output": "A stay at home mom can have an IRA or a Roth IRA . The payments to an IRA are deductible from current income tax ; those for the Roth IRA are not . The benefits from the IRA at retirement are taxed as ordinary income while those from the Roth IRA are not taxed at all . There is n't any current taxation for money held in either plan during accumulation . "}
{"input": "Does Rmd Apply To Annuities? ", "output": "RMDs are required minimum distributions fro a qualified plan that must be generated at age 70\u00a01/2 . All qualified retirement accounts are subject to the RMD regulation . This includes annuities in a qualified plan . Tax deferred annuities outside a qualified plan are not subject to the RMD distribution rules . "}
{"input": "Does Medicare Cover Januvia? ", "output": "Medicare covers Januvia by Medicare Part D , the Medicare Prescription Drug Plan . Januvia is an oral medication that helps lower blood sugar and prevent diabetic complications in people with type 2 diabetes . It is not indicated for persons with type 1 diabetes or those with diabetic ketoacidosis . The generic name for Januvia is sitagliptin . "}
{"input": "What Is Guaranteed Renewable Disability Insurance? ", "output": "Guaranteed renewable disability insurance is a policy that is guaranteed to be renewed as long as premiums are paid . However , having a guaranteed renewable disability insurance policy does not guarantee that the premiums will not go up . In order to lock in the premiums for a disability policy , it must be both non-cancellable and non-renewable . "}
{"input": "How Do I Contact Medicare? ", "output": "To contact Medicare , you can call 1-800-MEDICARE -LRB- 1-800-633-4227 -RRB- . The TTY phone number is 1-877-486-2048 . Or you can write Medicare atCenters for Medicare & Medicaid Services ,7500 Security Boulevard , Baltimore , Maryland 21244-1850 . "}
{"input": "Why Do People Hate Annuities? ", "output": "People do n't hate annuities . But certain sectors of the financial community dislike annuities because of it 's tax deferral and longer term commitment , i.e. they ca n't move it . Product competitors like mutual fund purveyors , promote the so called negative aspect of annuities to prop up their own product line . "}
{"input": "Does Car Insurance Build Your Credit? ", "output": "Generally no . Insurance companies do not report the payment of your insurance premiums to credit bureaus . One caveat however to be aware of . If you lapse or cancel a policy and earned premium is due the insurance company for coverage provided and yoo do n't pay it , the earned premium may be turned over to collection and the unpaid debt reported to the credit bureaus . "}
{"input": "How Much Is Renters Insurance From Allstate? ", "output": "Renters insurance coverage from Allstate depends on a number of different factors . Of course , the amount of coverage on your personal contents is one of the biggest variables along with what other limits you elect . Where you live and what type of claims history may also play a role in the rate . A licensed Allstate broker can provide the exact rate ... probably in the $ 100 - $ 300 per year range . "}
{"input": "Does Medicare D Cover Shingles Shot? ", "output": "Some vaccines are covered by Medicare , some are not . The herpes zoster -LRB- chicken pox -RRB- vaccine is one that is covered and is not . If the vaccine is administered in your doctors office , Medicare will not cover the actual cost of the vaccine if billed by your doctor . You must purchase the vaccine under Part D at a pharmacy . You can then transport the vaccine to your doctor so they can inject you . Makes complete sense , right ? "}
{"input": "Can I Claim Car Insurance As A Business Expense? ", "output": "If you look at schedule C of Internal Revenue Code form 1040 you will see a place to enter insurance . An accountant would be the best person to ask about this , but most insurance agents deduct their own auto insurance every year unless they use mileage calculations to deduct auto expenses . Anything that is a cost of doing business is deductible . "}
{"input": "Can I Claim Car Insurance As A Business Expense? ", "output": "This is a question best asked of your Tax Accountant or adviser . However , if your car is registered to your business or is used for business purposes , like other business related expenses , at least a portion of your car insurance premium may be able to be claimed as a business expense . Again , you need to ask this question to your tax adviser to be sure of your particular situation . "}
{"input": "Where Is Metropolitan Life Insurance Company Incorporated? ", "output": "MetLife is domiciled in New York . They are the largest life insurance company in the US and were , many decades ago , the largest company in the world . MetLife Inc. the ultimate parent of many insurance companies associated with it . The headquarters is in New York City . They are a public company now having demutualized in 2000 . "}
{"input": "Where To Start Looking For Health Insurance? ", "output": "The best place to find health insurance is from an experienced broker . Because of the complexities of the new Affordable Care Act -LRB- ACA -RRB- , it 's important to maximize subsidies , apply for the best plan with the available funds you have , understand Metal plans and enroll in a timely manner . LIVE answer is provided by : Ed Harris - Premier national health insurance broker for more than 33 years and owner of several top-rated healthcare websites that provide the lowest available prices . "}
{"input": "Where To Start Looking For Health Insurance? ", "output": "The best place to start looking for health insurance is the internet . With free rate quotes available it 's a good place to begin so that you have an idea what insurance will cost for your situation . However , you should work with a trust-worthy insurance agent to help you navigate all the options and sort through the plans . Make sure the agent represents multiple carriers so she can find you the best benefits at the lowest rate you qualify for . "}
{"input": "Where To Start Looking For Health Insurance? ", "output": "You 're generally getting your health insurance coverage from one of two places , the individual market or your spouse 's group coverage , if available.Individual health plans can be purchased on or off the health insurance exchanges . If you qualify for a subsidy , you would want to look at health insurance ON the exchanges - subsidies can only be used for on-exchange policies . The first open enrollment period under the new Affordable Care Act ended on March 31 , 2014 -LRB- some states allowed for extension to mid-April due to technical issues with enrolling through the healthcare.gov website -RRB- . If you 're looking for an individual policy , you will need a special enrollment period -LRB- a qualifying `` life-changing event '' -RRB- to purchase a plan outside the open enrollment period , otherwise you may be subject to paying a penalty . The penalty in 2014 is the greater of : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty figures will change in future years . "}
{"input": "When Can You Sign Up For Medicare Part A? ", "output": "You can sign up for Medicare Part A in the three months before your 65th birthday , the month of your 65th birthday , or the three months after your 65th birthday . if you are receiving Social Security benefits when you turn 65 , you will be automatically enrolled in Medicare Part A and B . "}
{"input": "How Does Long Term Care Insurance Work? ", "output": "Most Long Term Care Insurance policies pay the insured person a set amount of money , as dictated by the policy they purchased , when the need for long term care arises . There are triggers that determine when payments will start . These include the inability to independently do to or more ADL 's -LRB- activities of daily living such as bathing or dressing -RRB- . Some policies pay the institution providing the care rather than the person receiving the care . Payments are made until the funds or years in the policy run out . "}
{"input": "Where Can I Get Medigap Insurance In Georgia? ", "output": "The best place to get a Medigap plan in Georgia is through an Agent that is Independent and working for you . A great benefit of a Medigap plan is that the level of coverage is standardized by the government . Every Insurance Company is offering the same level of coverage using letters A through N . The major difference being the price of the plan as each company offer a different price for the same amount of coverage . A good Independent Agent will have many companies to look at and be able to discuss the best price offer . This best price is not always based on the current rates for your age . They need to be able to discuss the company 's pricing history at ages down the road . You do not want a company that lures you in with a low initial premium and then historically raises it as you get older . You should consider the Customer Service of the Insurance Company and look for a responsive company that answers your questions and can work with your agent . Your agent should be able to help over the phone or be there in person if needed . "}
{"input": "Where Can I Get Medigap Insurance In Georgia? ", "output": "Essentially there are two ways to buy a Medigap plan in Georgia . You can buy direct from a carrier or through an agent . When you buy direct from the carrier you get the same plan at the same rate as buying from an agent . Carriers have in house representatives that can only tell you about their plan . They do n't know about competitor plans and are prohibited from discussing a competitor plans . Once you purchase a plan from a carrier any follow up questions are handled by a CSR rep. When you call you can expect to have an automated service answer your call , following the obligatory `` Press 1 for English '' you will be told to `` Please listen carefully as our options have changed '' . From there you will be routed most often to voice mail . Your call will be returned on their schedule , not yours . You will never talk to the same person twice . Or you can buy from an agent that lives in Georgia and is familiar with plans in your area . Some agents will insist on coming to your home , while others will allow you to purchase over the phone using email and your mailbox . Some agents will only represent one carrier . If you go that route you might as well buy direct . Most agents will represent several carriers and help you understand the pro 's and con 's of each carrier . They will be familiar with rate history and can tell you which ones have a better track record of customer service . There are about 15 or so carriers in GA that offer Medigap . Some only sell direct or through their own representatives . Others use independent brokers that represent several carriers . Maybe a third of carriers make their rates available online but most will only disclose rates if you talk to them direct or through an agent . Hint : Some of the most competitive rates are not found online ... Most of the plans use issue age rating but a few , including the top two carriers -LRB- ranked by sales -RRB- use attained age brackets . You need to understand the difference in pricing structure and rate history if you want to avoid sticker shock on renewal . #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans "}
{"input": "Who Can I Buy Life Insurance On? ", "output": "To purchase a life insurance policy on someone , you must have what is deemed to be an insurable interest . This means that you would incur a financial loss or harm if the insured was to pass away prior to you . This could include purchasing coverage on your spouse , children -LRB- though normally at a reduced amount of coverage , though it does come at a very low cost -RRB- , your parents , and , in some circumstances , a key person in a company which you may own or operate . "}
{"input": "Who Can I Buy Life Insurance On? ", "output": "You can buy life insurance on someone with whom you have an `` insurable interest '' . That means that there would be a financial loss to you if they were to pass away . You can buy a policy for your children , as long as it is of a reasonable amount . And most companies will allow you to buy a small final expense policy for your parents . "}
{"input": "What Is Birla Sun Life Insurance? ", "output": "Birla Sun Life Insurance Company Limited -LRB- BSLI -RRB- is a joint venture between Aditya Birla Group of India and Sun Life Financial Inc of Canada . Birla Sun Life Insurance Company provides life insurance products to the residents of India . The life insurance sold by this company is not sold in the US . "}
{"input": "Is Landlord Insurance More Expensive Than Homeowners? ", "output": "The answer here is `` maybe '' . It really depends upon the situation and the coverage . In general , if you consider the same house and the same coverage , the homeowners coverage will cost you less . let 's start with some terms . In the industry , we usually call landlord insurance either dwelling fire , or a dwelling policy . It points to the difference between this and a homeowners policy . A homeowners policy has 6 coverages : A. Dwelling - the structure B . Other Structures - detached garages , shed 's , pole barns , etc. . C. Personal Property - Your stuff D. Loss of Use - The extra costs you 'll incur if you have to live somewhere while your home is repaired E. Personal Liability - Protects you from being sued F. Medical Payments - Pays for injuries that happen on your property without having to be sued . A Dwelling Policy , in general does n't have any coverage C , Personal Property . As a landlord , you 're worried about the building and your liability . Your tenant 's personal property is their responsibility to insure . Dwelling policies are more complicated to put together than homeowners policies but I 'll leave that discussion for another time . Lets talk about why Dwelling Policy usually costs more than a Homeowners policy . With a homeowners policy the insurance company has a greater sense of security because they only have one entity to worry about , the homeowners and their family . They have a financial interest in keeping their home safe , secure , and in good repair . With a rental property , you may have many different tenants occupy that home and they have no financial interest in the home itself . A tenant is much more likely to let things go that may eventually cause a claim . Additionally , with a homeowners policy , the liability is protecting the insured from others , with a dwelling policy , you 're also being protected from the people that actually occupy the home . Now , one last thing to mention . If you 're renting your home and it 's insured on a homeowners policy , change it now . If there 's a claim on the home and the insurance company finds out it 's being rented , they may refuse to pay your claim . Most homeowners policies require the home to be occupied by the owner for coverage to apply . Find a good agent that knows how this works and how to put this coverage together for your situation . It 's much better to know what your coverage is and make choices rather then to think you have coverage you really do n't "}
{"input": "Does Costco Offer Health Insurance? ", "output": "I do n't work for Costco , but I imagine they offer group health insurance to their employees . Costco is not an insurance company and therefore does not openly sell individual health insurance policies to their customers . If you 're an individual looking for health insurance , you should consult with an independent insurance broker to find a health plan that 's right for you . "}
{"input": "What Is The Average Homeowners Insurance Cost Per Month? ", "output": "Your cost for homeowners insurance is as unique as the home that you own . There are many factors that are taken into consideration when your premium is determined from an insurance carrier . Based on my experience within my geographic area I would say the average homeowners insurance cost is about eight hundred to fifteen hundred dollars per year . Call a local agent a quote will cost you nothing butyour time . "}
{"input": "What To Do With Universal Life Insurance? ", "output": "That is a great question ! And an interesting one . I guess the answer depends upon how long you 've had the policy , and how well you 've kept track of it ; or whether it is a good policy to get at all , if I 'm reading into your question rightly . Here 's what I advise people . A UL policy can be a good thing if you are somebody that keeps an eye on everything , and has extra money lying around . You also have to have a healthy risk tolerance . Agents will rightly tell you that this type of policy can bring great returns , but press them hard , and make them tell you exactly what stars and moons need to align for that to happen . What is the actual performance of the policy over time , not the best case scenario printed in the sales brochure ? How much over the minimum payment is required to achieve that performance ? That 's what you need to know if you are thinking of purchasing one . If you already have one , are you paying attention to how well it is still funded ? You could be in for a surprise if you have n't . Call your agent , and get an idea of how it 's doing for you , and how long you can expect it to be in force . Functionally , you can use the proceeds for everything that you would any other whole life insurance policy . I hope that helps , thanks for asking ! "}
{"input": "What To Do With Universal Life Insurance? ", "output": "If you are considering buying Universal Life , you can use it for final expense needs , estate transfer , buy-sell agreements , charitable contributions , retirement income -LRB- IUL -RRB- , and many other purposes . If you already have a Universal Life policy and are wondering whether you should keep it , that depends on how the policy is doing . Many people lost their UL policies in the past decade when interest rates dropped . But if you still have one purchased in the 80 's or 90 's , chances are that you have made adjustments that will last . Consult with an ethical life insurance professional who can study your UL 's performance and help you decide whether or not to keep it . "}
{"input": "What To Do With Universal Life Insurance? ", "output": "As any investment buy and hold in most casesis the best advice I could give for several reasons . And yes this policy is an investment because of the indexed savings and no risk of loosing your principle . The compound interest gives me an high interest in this policy for my family , clients and associates it is part of my portfolio at least the next 15 years and should be in yours also . "}
{"input": "Does Mercury Insurance Do SR22? ", "output": "Yes Mercury Insurance does offer SR-22 's when you purchase an auto policy providing you are eligible to obtain a policy through Mercury . Mercury will have guidelines as to who will qualify for their auto product based on your driving record . I recommend you speak with a local Mercury agent if you are interested in a Mercury policy . "}
{"input": "How Much Does A Claim Affect Car Insurance? ", "output": "It depends on the amount of the claim , the type of claim , and your driving record . A minor glass claim generally will not have a big impact . An at fault accident with bodily injury could have a larger effect , especially if alcohol is involved . There is no way to answer this question definitively . "}
{"input": "Why Is It Important To Plan For Retirement Early? ", "output": "Why is it important to plan for retirement early ? Well the most important thing involved in retirement planning is something that if you fail to use , you never get back again , and that would be Time . Time in retirement planning allows you to get more for less and heals all wounds -LRB- mistakes , downturns , markets -RRB- . The earlier you start , the more time you have , the less money you 'll need and the more mistakes you 'll recover from . "}
{"input": "How Long Does It Take To Collect A Life Insurance Payment? ", "output": "How long does it take to collect proceeds from a life policy ? Not all that long . Most of the time is spent getting the information together . You are going to need a certified copy of the certificate of death . Actually you should have 5 or 6 made as you will need them for other things besides insurance . When you have the paperwork together and submit , usually it does n't take long for payment to be sent to the beneficiaries . Usually about 5 working days or so with the companies I have worked with . You also will receive interest on the money held while the paperwork is being put together as part of the claim . "}
{"input": "How Long Does It Take To Collect A Life Insurance Payment? ", "output": "Once the life insurance company has been notified of the death , a claim form must be filled out and returned to the life insurance company with a death certificate . Getting the death certificate is sometimes the longest part of the process . Once the insurance company receives the death claim form and death certificate , they usually pay the death benefit within weeks . "}
{"input": "Can I Get Health Insurance If I Have A Preexisting Condition? ", "output": "You can get health insurance if you have a pre-existing condition . Many policies are approved when applicants are being treated for illness or sickness and are taking medications . Extremely serious conditions such as heart disease or cancer present a bolder challenge . However , in October , Open Enrollment begins for 2014 effective dates when all pre-existing conditions will be covered and no medical questions will be answered . `` Exchange '' plans will be sold with brokers and reputable websites helping consumers navigate through a new way of buying health insurance . You may also qualify for a federal tax subsidy . As an experienced broker myself , we realize that due to the complexity of the changes in healthcare , our expertise and help will be utilized . Naturally , there are never any broker fees . "}
{"input": "Does AARP Offer Term Life Insurance? ", "output": "AARP offers term life insurance from New York Life . Rates start out low and increase over time . In that type of situation , where premiums are not locked in , you can never be sure if you will be able to afford to keep the life insurance at the time you need it most . Shopping with an independent life insurance broker -LRB- most of us agents answering these questions fall in that category -RRB- will help ensure you get best policy features at the lowest price . "}
{"input": "Does AARP Offer Term Life Insurance? ", "output": "AARP does not offer any life insurance - they are only a marketing organization . They associate themselves with certain insurers and allow the carriers to attach their name to a product . For example , life insurance is typically done through New York Life while Medicare Supplement insurance is typically done through United Healthcare . One of my family members who is an AARP member gets letters in the mail frequently for life insurance with the AARP name -LRB- insurance through New York Life -RRB- . However , the coverage is age-banded and only carries the policy through age 80 - the coverage then terminates if they live beyond age 80 with no option to extend the program . Age-banded coverage means the rates change every 5 years as you enter into the next age bracket . They may have other life insurance products available with their name on attached , but that 's what constantly comes in the mail . If you 're looking for term life insurance , I would highly highly highly suggest consulting with an independent agent who can compare multiple carriers for you and discuss your medical history to determine the risk classification each carrier may consider you for -LRB- the risk class directly determines the premiums -RRB- . Shopping before applying is vital ! And there 's no cost to using an independent agent vs. going through a carrier directly . I would n't just buy on name as there are numerous carriers that offer term insurance who offer competitive rates . You can end up spending extra money that you do n't need to when you do that -LRB- that 's not to say a big name carrier would n't in fact be the best cost option , you just want to be sure you 're not overpaying -RRB- . The risk class is key to figure out first and then look at the rates for a given coverage amount/term length from there . If you do n't know what risk class you would likely fall under for a carrier , then a quote is nothing more than a guesstimate . Term life insurance is very straightforward . If you die during the life of the policy , the carrier pays out the death benefit proceeds . If you outlive the term premium guarantee period and and do n't want to pay the annual renewable term rates -LRB- which go up each year as you get older -RRB- , then you would likely either replace it with a new term or permanent life insurance policy or not have any coverage . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much . "}
{"input": "Does AARP Offer Term Life Insurance? ", "output": "Just to make it easier to not wait for other answers , Jason is 100 % correct . He has hit the nail on the head and there us nothing more to add . Feel free to take the as the only answer you need . Great job explaining Jason . Please contact a professional in your area that is willing to talk to you in depth . "}
{"input": "Which Auto Insurance Company Is The Best? ", "output": "If you are looking for the best insurance company for you , I would suggest speaking with friends and family about their experiences with various companies and agents . Remember the insurance company is only one part of the equation , the agent is the other part . It is important that you have an agent that you trust and that you feel has your best interest in mind when it comes to your insurance coverage . "}
{"input": "Does Renters Insurance Cover Watches? ", "output": "A watch would be considered personal property . A renters policy covers personal property . There is an internal limit to the recovery available on a watch . Please check with your policy or the agent to determine the amount of coverage you have available . The settlement will be reduced by the deductible on the policy . "}
{"input": "Where To Buy Cheap Life Insurance? ", "output": "Life insurance is priced the same for everyone . You can not get a discount on life insurance , and the discount store mentality does not work well with life insurance . You need to work with a knowledgeable agent to get your cheapest price . Getting a low quote from someone who knows little about life insurance does not mean you will get that price . I feel that the best way to buy cheap life insurance is to use an agency who can take your health information and match you up with the company that has your best rates . Some , like mine , can be found online . But wherever you go , the place to buy cheap life insurance is where the agent is valuable . "}
{"input": "Where To Buy Cheap Life Insurance? ", "output": "Well sometimes there can be certain people that will need a term policy because of where they have focused their budget in the past , over all it does n't fit every persons goals but will be cheaper . I will use my story to answer the question when I purchased my policy I realized that it would take some focus on my part even working with a very knowledgeable agent I already knew just like most families we wait until about 45 -55 years of age to purchase what we should have purchased in our 20 's in the first place and then we start shopping to find out wow this is not cheap but it is now or never . So $ 300 a month was not cheap for me but I knew it 's now or never so I made a commitment to my family it 's now I want leave them with this burden it 's just a decision just like the one that caused you to make the decision to wait . now where did that come from procrastination and that can be inherited by your children so I would say change your focus change your life . "}
{"input": "Where To Buy Cheap Life Insurance? ", "output": "The cheapest life insurance policy is the one that you already own . The cheapest life insurance policy you can buy is one that is scheduled to expire the day after you die . The fact is that the cheapest life insurance policy is always the one that is in force on the day that you die . If that is your concern work with a good life insurance agent . The agent can match your needs with a policy that will fit into your budget . Remember that when you save money on the premium and the policy expires before you die ; it is your loved ones that pay the price . "}
{"input": "Where To Buy Cheap Life Insurance? ", "output": "Life insurance premiums can vary dramatically based on a number of factors , including age , sex , health , and residence . Prices , and underwriting practices , also vary dramatically by company . The best way to find `` cheap '' coverage is to speak to an agent that represents many different carriers , giving the agent the ability to shop your case to find you the absolute lowest rates possible . Unlike health insurance , life premiums can vary , often by 400 % or more , based on your health . You normally take a paramed exam to verify your health status , so be advised that the rate you are originally quoted may increase after the exam . "}
{"input": "What Is A Deductible On Health Insurance? ", "output": "A health insurance deductible is the amount you must pay before your benefits `` kick in '' and begin paying -LRB- for most services - some benefits , such as preventive care , provide coverageimmediately -RRB- . The deductible amount varies by plan . For example , under the new Affordable CareAct , a catastrophic plan may feature a $ 6,350 deductible , a bronze plan may feature a $ 5,000 deductible , a silver plan may feature a $ 3,000 deductible , a gold plan may feature a $ 2,000 deductible , and a platinum plan may feature a $ 0 deductible . These figures are not the same for all plans on each metal level . "}
{"input": "What Is A Deductible On Health Insurance? ", "output": "In general , any deductible in an insurance policy represents the amount that you are responsible for paying for a covered loss . In a health insurance policy , this is an up front amount that needs to be met before your coverage will begin paying according to the terms and conditions of your policy . Some health insurance policies also include a `` co-pay '' amount which is also an amount for which you are responsible once coverage begins . Ths amount is in addition to the deductible which you would have already met and is usually capped at a certain amount to limit your out of pocket expenses . "}
{"input": "Can I Sell My Life Insurance? ", "output": "We need to be clear here about if you really mean selling or surrendering your Life Insurance . Please look at my other answers regarding surrendering a policy which I recently addressed . Can you `` Sell '' your Life Insurance : Maybe ! We do work with a company that will give lump sums of money for life insurance policies which are no longer wanted or needed . Simply , you turn the ownership over to this company , they continue paying the premiums until death . Of course , you have to qualify before anything will happen . Seek me out if you would like to review the possibilities on your life insurance policy . "}
{"input": "Can I Sell My Life Insurance? ", "output": "There are `` life settlement '' companies who will buy some life insurance policies from those who no longer want or need their coverage . Most life insurance policies have no value to them , and therefore , are not `` sellable '' . The policies they are looking for are almost always permanent policies with cash value that is not in danger of running out due to increasing premiums . They also are looking for insured persons who have a short remaining life expectancy due to illness or old age . I have a questionnaire that can quickly determine if your policy is of interest to reputable life settlement companies , and will oversee the process , if interested . "}
{"input": "What Does A Health Insurance Statement Look Like? ", "output": "A health insurance statement will have many looks , since each insurer has a different way of billing and contacting their customers . If it is a bill for past services , it will show the amount that is owed , the date of treatment , a description of treatment and any Network discounts applied to the bill . And there will be other items on the statement as well . "}
{"input": "Who Are Annuities Best For? ", "output": "Tax deferred annuities are suitable for mid to long term savers or investors , those with high tax brackets or fixed interest rate seekers who desire more returns than traditional bank CDs . Interest rates are only on crediting method available with tax deferred annuities . Other crediting methods use indices in indexed annuities as well as separate sub accounts in variable annuities . To determine the crediting method most suitable for you , consider establishing a personal financial profile that includes a risk tolerance assessment before purchasing a tax deferred annuity . "}
{"input": "Can Roth IRA Be Used As Collateral? ", "output": "I have not heard of a ROTH IRA being used as Collateral however , I suppose you might be able to put together a `` collateral assignment '' which means upon death , the unpaid collateral will be taken out of the value the ROTH is as the time of death with the remaining balance going to your heirs . I would have to do more research to be sure this would hold up as a contract however . You might be better off getting a small life insurance policy to cover that debt if that is indeed what you are covering . "}
{"input": "How To Get Health Insurance Quickly? ", "output": "The quickest way to get health insurance is to find an independent agent that can show you quotes from the major insurance carriers and match a plan to your needs . Many people prefer to start by running a health insurance quote online and then ask questions after they have reviewed the information . You can go to our website to run a quote and in the `` other '' section you will be able to run a quote for the under age 65 market . If you are turning 65 or older you can run a medicare supplement quote from our home page . Either way , it will give you an instant snap shot of what plans are available to you . The key is to follow up with an agent to save you time trying to figure out which plan might work better for your specific family situation . "}
{"input": "How Long Does Universal Life Insurance Last? ", "output": "The length of time that a universal life policy is in force is determined by the payment pattern of the owner of the policy . If the policy is continuously underfunded , it will lapse at a relatively early age , sometimes in the early 50s . However , if guidelines and targets are followed a universal life plan can last up to the time of death . "}
{"input": "How Long Does Universal Life Insurance Last? ", "output": "Universal life insurance is a type of permanent insurance program - meaning it can last for the rest of your life . Most universal life policies -LRB- UL -RRB- will pay a death benefit up to age 121 so you can make sure the death benefit will be paid out at some point in the future . UL policies can be dialed down to a specified age -LRB- to age 90 , to age 100 , etc. -RRB- to reduce the premiums - please note , doing so affects the guarantees and assumptions inside the policy . There are several different types of universal life - Guaranteed UL , Current Assumption UL , Indexed UL , and Variable UL . If you 're just buying coverage for the purposes of the death benefit , you would likely want to look at a Guaranteed UL or Current Assumption UL as they will almost always maximize your dollar to death benefit ratio -LRB- meaning you 're getting the most bang for your buck in terms of death benefit -RRB- . With permanent insurance , there has to be money in the cash value to keep the policy going - if the cash value hits $ 0 , then the policy crashes and is no longer paying coverage . Guaranteed ULs are a great way to protect against this because they state that even if the cash value hits $ 0 , the policy will still pay a death benefit as long as you 're still paying your premium . When you 're looking to buy life insurance , you should talk to an independent insurance agent who can work with you on a personal level and help you determine what program structure will be most suitable for your needs and budget and which carrier will work with your medical history best to offer the coverage to you at the lowest possible cost -LRB- independent agents generally work with a multitude of insurance companies and can sell a wide range of carriers ' products -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your life insurance coverage needs , including quotes , policy comparisons , shopping your case , and other tasks , and if you have any other questions . Thanks very much . "}
{"input": "How Lucrative Is Life Insurance Sales? ", "output": "Life insurance sales can be as lucrative as you make it . For myself , as a broker with 32 years of experience in the business , I was always a `` first in the office , last one to leave '' person . Typically , I have always been a good listener and make certain I know the products from the top insurers . Always explain details to customers and never ask them to buy a product . If they like your offer , they 'll let you know . Will this work for you ? Try it . "}
{"input": "How Lucrative Is Life Insurance Sales? ", "output": "It is as lucrative as your financial connections or your work ethic . Commission sales people are cut out of certain bred of personality , more so with life insurance sales . The vast majority of life insurance sales people make $ 50,000 a year ; the upper middle class agent makes $ 100,000 . And the few affluent make over $ 250,000 a year like Court or Top of the Table industry recipients . "}
{"input": "How Lucrative Is Life Insurance Sales? ", "output": "It all depends . Life Insurance sales is a business opportunity . First , you are compensated for writing policies that get issued . If you were to go out and write 10 policies today that all got issued you would get paid . Second you can get a varying contract with the Insurance carrier . That means that some will pay 70,80 90 % of the first years premium as a commission to you . Third , depending on your contract , you can get renewals . For business that stays on the books after 13 months , you can get a commission from that too . Fourth , if you get into management you can get commissions from what your sales teams write . It is one of the few professions remaining today where you dont need a college degree to earn a six figure income . You need to learn your products , market to people who want/need your product and sell them what they need . There are many good companies you can work for to receive the training and support to build a very good career out of this . "}
{"input": "How Lucrative Is Life Insurance Sales? ", "output": "I have heard it said that the top life insurance sales people make more money than the top sales people in other industries . This could be true , because large commissions can run it to the millions of dollars . The life insurance business is an ideal environment for making it big . We sell a product that pays well . We represent strong and well established manufactures of this product -LRB- policies -RRB- . We dont have to maintain an inventory . We can develop sales organizations that dont require much labor or overhead . The demand for our services remains constant throughout the ups and downs of the economy . Of course , we have to pay our dues big time . We have to constantly strive to master our field and enhance our professional skills . We have to market , market , market , and then market some more . And we have to invest in every client prior to getting paid . To provide superior service , we need to provide a quote for a rate about which we are confident they will be approved . That can take many hours of work . And remember that life insurance has the most sophisticated and complicated set of eligibility requirements of all financial products . But at the end of the day we know we do outstanding work , and so we earn outstanding pay . "}
{"input": "Is It Legal To Not Have Homeowners Insurance? ", "output": "Yes it is legal not to have homeowners insurance . If you have no lender to satisfy then it is in within your right to self insurance your property . If you feel you can handle any potential loss on your home by all means feel free . Keep in mind should you decide down the road to get insurance again and you have gone without referred to as a lapse or gap in coverage you will find potential challenges in obtaining coverage 's again as insurance carriers use this as part of their underwriting criteria . "}
{"input": "Can A 403B Be Rolled Into A 401K? ", "output": "As long as your company allows roll overs into their retirement plan , you can roll your 403b money into that 401k plan . One exception may be if you have previously comingled your 403b funds with another IRA . Your company 401k plan administrator should be able to answer your specific questions . You can also roll your 403b into a traditional IRA or Roth IRA . Here is a link to an IRS rollover chart which shows all the directions retirement money can move . WEBSITELINK "}
{"input": "Can Life Insurance Companies Cancel Your Policy If You Get Kidney Failure? ", "output": "One of the benefits of life insurance is that you do not have to keep qualifying for it over and over again . Once you have the policy , it is yours to keep , and as long as you keep paying premiums , no one can take it away from you for any reason . "}
{"input": "Can Life Insurance Companies Cancel Your Policy If You Get Kidney Failure? ", "output": "No ! The only way a carrier can cancel your policy is if you do n't pay your premiums -LRB- the coverage lapsing as a result -RRB- . If the condition developed after the policy was placed in force , the carrier can not cancel your policy . Please note , if you intentionally lied on the application for the coverage and it was a pre-existing condition prior to placing it in force and you 're still within the first 2 years of the policy -LRB- the contestability period -RRB- , the carrier could rescind the coverage if it 's discovered . Once the contestability period has expired , the carrier can not rescind a policy due to misinformation on an application . I hope the information is helpful - please feel free to contact me if you have any other questions . Thanks very much . "}
{"input": "Can Life Insurance Companies Cancel Your Policy If You Get Kidney Failure? ", "output": "That is a great question ! Two of the best reasons to buy Life Insurance at an early age is to first lock in a low price , and second insure against any health issues you might have as you grow older . No reputable company will drop you for developing health issues , and that should be clearly stated in your policy . If you 've made your payments on time , you should have nothing at all to worry about . The only legal way that a company could drop you is if there was reason to doubt the truthfulness of your answers on the application when it was submitted , and your policy is less than two years old . Other than that , you should have no problem keeping your policy . Thanks for asking ! "}
{"input": "Can Life Insurance Companies Cancel Your Policy If You Get Kidney Failure? ", "output": "Most people experience deterioration in their health as they age . The discovery of any condition previously unknown to you , the insured , does not affect an existing life insurance policy in any way . This is true if the condition were to become noticed within days after the policy is issued . This is an important reason to secure life insurance while your health is good . "}
{"input": "How does a claim work when a driver hits a person in a parking lot walking? ", "output": "The injury , if any , caused by the driver of the car to the pedestrian would be covered under the Bodily Injury Liability portion of your auto policy . This is the portion that protects you for any neglegent action for which you are held legally responsible while you are drving your car . "}
{"input": "Can You Switch Homeowners Insurance At Any Time? ", "output": "Switching homeowner 's insurance is relatively easy to do and most times , you can change at a date that is suitable to you . The biggestconcernis whether the new company will accept your application . Assuming you have few or no claims , and meet their underwriting guidelines , you should be able to switch . Just as importantly is the issue of whether it is a good idea to change . As an independentbroker , that 's part of our job is todetermineif making a change makes good financial sense for you . If not , you should stay put . "}
{"input": "Does Farmers Insurance Have Renters Insurance? ", "output": "Farmers Insurance does have renters insurance . I would recommend you contact your local Farmers Insurance agent to discuss the renters insurance options available . You can find your local agent by going to WEBSITELINK . Your local agent will be able to find you the best options for your policy . "}
{"input": "Where Can I Get Individual Health Insurance? ", "output": "You can get individual health insurance through an independent health insurance agent . They will be able to run quotes for you from all the major carriers and help match a plan to meet your needs . You can also get individual health insurance on our website . If you are under 65 you can click on `` other '' to compare plans instantly . If you are 65 or over and have Medicare , you can run a Medicare supplement quote on our website also . You can also give us a call at 1-888-407-8664 . "}
{"input": "What Car Insurance Is Good For Young Drivers? ", "output": "There is not any absolute answer to this question . Rates for auto insurance coverage can vary greatly from carrier to carrier and from area to area . Contact local agents in your area to find out about coverage availablity and pricing within your area . Look for an agent that you are comfortable working with as they will be the first and last point of contact in most instances . "}
{"input": "Is Transcranial Magnetic Stimulation Covered By Medicare? ", "output": "Transcranial magnetic stimulation -LRB- TMS -RRB- initial consultation should be covered by Medicare . TMS is typically used to treat some forms of depression . TMS treatment may be covered by Medicare in some situations . Check with your medical provider for details . In some cases your provider will agree to file your claim with Medicare with the understanding the claim may be denied . "}
{"input": "Why Are Womens Car Insurance Cheaper? ", "output": "Insurance companies analyze the data on millions of automobile claims . In that process they identify significant differences in experience . If women are charged less in your state than men , you can be assured that insurance companies can detect a difference between the two and that they have convinced the insurance commissioner that this is in the best interest of the drivers in that state . California doesnt discriminate based upon sex . "}
{"input": "How Good Is Primerica Life Insurance? ", "output": "How good is Primerica Life ? Well , they are a decently rated company with premiums charged falling about mid-range on the pricing scale . That is you can find quite a few good companies whose pricing of term insurance is better and you can find other good companies whose pricing is worse . Primerica has a limited product selection and offers no conversion options for the insured if they want to maintain a level cost for coverage for a longer period of time . The biggest knock against Primerica is their field force . They attempt to have their company stand out by disparaging all other companies out there . Which if true , would mean a financial disaster for the country and possibly the world . There are many many very good companies out there and it 's good that there are . "}
{"input": "How Good Is Primerica Life Insurance? ", "output": "I represented Primerica for over 12 years and know from experience that it is a good company and will pay death claims in a timely manner . The only death claim that I have paid in my career was to the widow of my brother-in-law that past away unexpectedly at the age of 38 . I delivered a check for $ 338,000 to my sister-in-law and her kids since I had replaced a whole life policy with a face of $ 25,000 a year earlier . Like most other companies , Prinerica is a solid company and will be around forever . The reason I left the company and went with my present company , Capital Choice Financial Group , was that I could represent many companies giving me a competitive edge in the marketplace . Also , Capital Choice represented the same concept of Buy Term and Invest the difference and was founded by the brother-in-law of the founder of Primerica . "}
{"input": "How Good Is Primerica Life Insurance? ", "output": "I 'm not going to get into a discussion about an company 's representatives , but simply about the company itself . The question of ` Good '' as it applies to a life insurance company is a very subjective thing . Every company has strengths and weaknesses and , usually , a place in the market . Primerica is no different -LRB- no , I 'm not a Primerica representative -RRB- . The company itself is pretty financially stable and has an A + rating with A.M. Best . That means they have the financial assets to pay their claims . The best life insurance is the life insurance that 's in force when you need it , period . We can talk all day about specific programs , cost , performance , etc. but there is n't one answer . It 's different for every person and every situation . A good agent will take the time to get to know you and your situation and put together a program that does what you wand it to . There are a lot of good companies out there . I would consider Primerica Life a good company . Now , do they have the products that fit what you need ? I have no idea . My advice is this : Be smart and find an agent you can trust . They 'll help you put together a program that works for you and your situation . "}
{"input": "How Good Is Primerica Life Insurance? ", "output": "Primerica has a reputation that its agents use their life insurance to concentrate on selling their company 's investment products . The Life Insurance is then just an entre to the home to sell other products . New York Life , on the other hand , concentrates on Life Insurance and has a large selection from a highest quality company . "}
{"input": "What Is The Cheapest Health Insurance In Georgia? ", "output": "The cheapest health insurance in Georgia will vary , depending on which part of the state you live in , and other additional factors . As an experienced broker , we search and find the lowest rates from top-rated companies . Keep in mind that if you qualify for a subsidy , your premium will reduce ... perhaps substantially . "}
{"input": "What Is The Cheapest Health Insurance In Georgia? ", "output": "The best way to find the cheapest health insurance in Georgia is to work with an independent agent . That health insurance agent does n't work for just one carrier so they will be able to show you plans from all the major carriers . A lot of agents will also have a website -LRB- like ours -RRB- where you can compare quotes instantly online . "}
{"input": "Where Can I Find Cheap Renters Insurance? ", "output": "Shop your coverage with local agents in your area . Renters insurance is normally inexpensive . If you are looking to cut the cost some consider having your auto and renters coverage with the same carrier this will typically get you a discount on both policies . Find yourself an agent that you are comfortable working with as they will be the person that will assist you when you have a question or concern about coverage or a claim . "}
{"input": "Can I Be Denied Health Insurance Coverage For A Pre Existing Condition? ", "output": "I assume you are looking for a policy that will be effective after 01/01/2014 when the Affordable Health Care Act begins to dictate that `` pre-existing conditions '' can not prevent you from obtaining coverage . If you get a policy prior to that date the insurance companies can and will underwrite the application and if your condition prevents them issuing the policy they will refuyse to write the policy "}
{"input": "Can I Be Denied Health Insurance Coverage For A Pre Existing Condition? ", "output": "Under the new Affordable Care Act no one can be denied health care for any pre existing condition . I recommend you contact a certified agent who can help you through the process of obtaining quotes for health insurance . Depending on your financial situation you may even qualify for financial assistance . "}
{"input": "When Was Universal Life Insurance Created? ", "output": "Although there were similar products introduced in the 1970 's , most life insurance companies started carrying Universal Life as a part of their portfolio by the early to mid 1980 's . The high interest rates offered at that time made them very popular to consumers looking for a return on their life insurance premiums . "}
{"input": "When Was Universal Life Insurance Created? ", "output": "The company Trans America created universal life insurance . It is an indeed based , and flexible premium life insurance policy that is low cost and with increasing benefits . Tbis was during the 1980 's when this product was introduced . It is a fine product and has amazing benefits to the policy . Very low priced and with all riders . "}
{"input": "Will Medicare Pay For CT Scan? ", "output": "In order for the CT scan to be covered by Medicare , it must be deemed medically necessary via doctor 's orders , and Medicare must agree with the order . The Computerized Axial Tomography -LRB- CT -RRB- scan must be performed by a health care provider who participates in Medicare . Medicare Part A covers CT scans performed in a hospital or skilled nursing facility ; Medicare Part B covers CT scans performed as an outpatient . "}
{"input": "What Is Life Insurance Brokerage? ", "output": "A life insurance brokerage is an entity that contracts with multiple life insurance companies in order to sell their products directly to consumers , or to consumers through other agents . In contract to captive agents , who predominately sell for one company , brokers are able to shop many companies to find the best rate for their clients . "}
{"input": "What Is Life Insurance Brokerage? ", "output": "A Life Insurance Brokerage is an office , website or entity where an organization of agents provide quotes and rates from many top companies . Typically , you can get great prices by working with a brokerage firm for life insurance since there are no fees . They are a great resource for information since they are involved full-time in the business . "}
{"input": "What Is Life Insurance Brokerage? ", "output": "A life insurance brokerage is a business through which multiple life insurance carriers are represented . The brokers that are affiliated with the brokerage are appointed with different companies . A successful brokerage one that really gets the job done for the consumer should have certain characteristics . First of all , it should specialize in one product line : life insurance . The broker should be a master of his craft . He or she should be an expert in life insurance underwriting , because it is through getting good underwriting that you deliver the best value to your client . Good underwriting can give you the lowest rate/highest cash value accumulation . If the broker sells multiple products , such as life insurance , and annuities , and disability insurance , and investments , etc. , then he really is a jack of all trades and master of none . Another point is that the brokerage should be run just as any good business is run . You make commitments and you deliver on them . This means that the sales model of the brokerage should be to provide a quote about which they are confident the client will be approved . It is common business sense to quote a reliable price . Prequalification should therefore be an essential part of the service the brokerage provides . Clients are entitled to know the company , product , and price before submitting a formal application . Then all involved can be sure that going through underwriting will be worthwhile . A brokerage operation should be designed to make the purchase of life insurance a very satisfying experience for the consumer . "}
{"input": "What Can I Do To Plan For Retirement? ", "output": "Sit down with an advisor and get a game plan . Every person 's situation is different so you need an advisor that is going to take the time to look at the entire picture . I would recommend someone that has knowledge of how to file when it comes to Social Security , as this can cost you hundreds of thousands of dollars if done incorrectly . Advisors who offer this as a service will be few and far between , but they are out there . A good advisor will help with understanding your risk tolerance and place you in the correct investments to ensure the money you have lasts . This could be made up of stocks , bonds , mutual funds , annuities and life insurance . Yes , life insurance . Take the time to interview a few advisors in your area and make sure the appointment is about you and not the advisor . "}
{"input": "What Can I Do To Plan For Retirement? ", "output": "What can I do to plan for retirement ? Get started saving , even if i 's passbook . Time is your biggest ally in retirement planning . More people waste that time trying to find the `` prefect '' retirement choice when really it is discovering the `` habit '' and `` discipline '' of saving money.Do not wait until you have found `` perfect '' , start saving , start learning and move funds from those saving into your different choices that you 've learned about . Is this a prefect plan ? No , it 's main goal is to get you saving money `` while '' you investigate your options . "}
{"input": "Does Aflac Sell Auto Insurance? ", "output": "No , Aflac is a life & health carrier , offering supplemental policies , that pay you not the doctor or hospital . If you have an injury for example , Aflac would pay you for sickness or injury . Auto , home owners , liability , & commercial insurance , would be considered property & causality insurance . Think of it as P&C covers your property , & any liability for causality or risk you would incur . "}
{"input": "Does Medicare Cover CPAP Machines? ", "output": "Medicare will cover a three month trial for a Cpap machine for those on Medicare who are diagnosed with sleep apnea . It is covered under Medicare Part B . If the machine works to alleviate signs and symptoms of sleep apnea , Medicare may cover the Cpap machine rental for a longer period of time . Once you have rented the machine for 13 months , you own it . "}
{"input": "What Can I Do If My Car Was Hit In A Hit And Run And The Owner Of The Other Vehicle Denies Responsibility? ", "output": "Repair of your car is normally covered by the collision coverage contained in your auto policy . If your car does not have collision coverage you may have exhausted your insurance options . You can litigate directly against the other vehicle owner . An attorney can advise you on the possibility of prevailing in a lawsuit . "}
{"input": "Does Auto Insurance Cover A Stolen Car? ", "output": "If you bought just liability coverage it will not pay if your car is stolen . It just depends what you selected when you bought your coverage . All states require at least a minimum amount of liability coverage before you can legally drive a car . You do not have to have insurance coverage that will pay to repair or replace your own car but you do have to protect other people 's property that you might damage with your auto . "}
{"input": "My Partner Had A Wreck In My Car & the officer was inappropriate on top of things. ", "output": "I am very sorry to hear about your partners rough morning ! I am glad that she and her passengers are ok . Unfortunately , I 'm sure that you have a pretty good idea of what the worst case scenario will be - she is an at fault motorist involved in an accident , she is not an insured in your car , your insurance company refuses to pay , and you are stuck with the repair bill , and she gets a ticket . It may work out that if you go to court , and she is able to prove that the other driver was at fault , that you may be able to file a claim against them , and maybe recoup some of your losses . Your best bet is to contact your agent , explain what happened , and ask for their advice on how to proceed . Good luck ! If there is any way that I can help , please feel free to contact me . Thanks for asking ! "}
{"input": "How Do I Contact Medicare As A Provider? ", "output": "For specific billing questions , questions about claims , or your patience 's medical history , Medical providers can contact Medicare in a number of different ways : Online at www.MyMedicare.com ; By phone , calling 1-800-MEDICARE , or TTY1-877-486-2048 ; or by mail , sentto the following address : Centers for Medicare & Medicaid Services 7500 Security Boulevard Baltimore , Maryland 21244-1850 "}
{"input": "What Is The Best Long Term Care Insurance In Arizona? ", "output": "The best long term care insurance in Arizona can come from any of the highly rated companies that offer long term care insurance in this state . It just depends on which company has the best rate and features for your age and health . With all the wonderful levels of care offered in AZ , you would definitely want to get a policy that offers the option to use the benefit to pay for any type of care . "}
{"input": "What Is The Best Long Term Care Insurance In Arizona? ", "output": "There are several long term care insurance companies who do business in Arizona . Selecting one carrier is a difficult task because each potential purchaser has differing personal information like gender , age , smoking status , health history and current medical condition . Those items can effect the selection of the company . But overall Genworth is a leading long term care insurance provider . "}
{"input": "What Is The Best Health Insurance For Small Business Owners? ", "output": "The best health insurance for small business owners will vary , depending on many factors . Finding the best rates and coverages are the first step and utilizing an experienced health insurance broker is critical . For example , my 33 years of experience in the business helps customers save thousands of dollars . The type of business you have , number of employees , where you live and claims experience are just some of the factors that will influence the cost . "}
{"input": "What Is The Best Health Insurance For Small Business Owners? ", "output": "Group health insurance works very differently from individual coverage - there are many moving parts involved with putting together a group health insurance plan Group health insurance is health insurance a business owns and offers to its employees . The business generally pays for a percentage of the premiums with the employees paying the rest . It 's often offered as a means of attracting people to come work from them . Group health insurance quotes are based on the size of your business , the industrys SIC code , age of employees , and average employee health -LRB- except in Maryland , which requires no medical underwriting -RRB- . There are no instant online quotes for group health insurance for these reasons . To get a quote for group coverage , I recommend contacting an experienced broker . We can shop for quotes from multiple companies for you and create a benefit structure that best serves the needs and budgets of your business and your employees . Having too many `` hands in the cookie jar '' can sometimes make things confusing . Please let me know if I can be of further assistance . Thanks very much . "}
{"input": "What Does Medigap Mean? ", "output": "Medigap is another name for Medicare Supplement plans . Original Medicare -LRB- Parts A & B -RRB- only cover about 80 % of a senior 's health care expenses , leaving the insured responsible for the other 20 % . While 20 % does n't sound like a very big figure , it can add up to a nice big medical bill really fast . For example , if you had a procedure done that cost $ 10,000 and Medicare paid for 80 % -LRB- $ 8,000 -RRB- , you would be responsible for the other $ 2,000 of the bill - how many people can just get out their checkbook and write a check for that amount ? That number can be a lot higher too . The idea of a Medigap plan is to cover the gaps in coverage that Medicare does n't pay for -LRB- e.g. that other 20 % -RRB- . You pay a monthly premium to get these gaps covered so you 're not hit with large bills . The resulting major advantage is it allows a senior to create a much , much more predictable health care expense structure - and when you 're on a fixed income , this is vital . A plan F is the most comprehensive Medicare supplement plan available in the marketplace today - plans C , G , and N are very competitive as well . "}
{"input": "What Does Medigap Mean? ", "output": "Medigap is another name for Medicare Supplements . Medicare insurance pays for many medical expenses , but not all of them . The different Medicare Supplements can fill some or most of those gaps , hence the name Medigap . To find out which Medigap plan fits your needs the best , talk to a local agent . "}
{"input": "What Does Medigap Mean? ", "output": "Medicare is not designed to cover every medical expense . There will always be copayments , coinsurance , and deductibles to meet . Prescription drugs are not covered by Medicare parts A and B. Medigap policies are issued by private companies . You pay a monthly premium for a guaranteed renewable policy . Medigap policies do not cover prescription drugs . You must purchase a separate part D plan from a private carrier . "}
{"input": "Will Health Insurance Cover A Breast Pump? ", "output": "The answer to your question may vary from company to company . Some companies may pay in full while some will only cover a portion . On your membership card there should be a `` customer service '' number . You should call them and ask them . You will need to give them your identifying information and your policy number as they have to make sure you have the right to request information "}
{"input": "Will Health Insurance Cover A Breast Pump? ", "output": "The Affordable Care Act requires that breast pumps be covered with no copay , but not all insurance plans are required to be compliant . Most plans require you use their provider , and only cover a specific pump . If you want a different pump , some companies will allow you to purchase a different pump if you pay the difference . You will ultimately have to check with your insurance company to see their specific coverage . "}
{"input": "What Does Medicare Approved Mean? ", "output": "Any time you have a claim , Medicare must approve the medical necessity of that claim and the amount they will pay . If a claim is not approved Medicare will not pay . Medicare when paying claims has a set payment they will approve for a specific procedure based on how that procedure is billed . Medicare will only pay 80 % of that approved amount for Part B covered charges . A doctor can not bill for more than 15 % of the Medicare approved charges . Some states like Ohio do not allow the 15 % excess charges . A doctor who accepts Medicare can not balance bill for more than the approved amount . "}
{"input": "How Much Will Whole Life Insurance Cost Me? ", "output": "The cost of any life insurance policy depends on factors such as age of the person being insured , whether the applicant has health problems or other risk factors , tobacco use , and amount of coverage desired . That being said , Whole Life insurance usually costs considerably more than Term insurance because it is designed to last until death and to create some cash value . In some situations involving very poor health , advanced age , or when a very small face amount is desired , Whole Life can cost less than Term -LRB- if Term is available at all in that situation -RRB- . It is imperative to use a reputable agent or agency who will show you what you can get in your price range and help you weigh out the type and amount of coverage to get to best suit your needs . "}
{"input": "How Long Does It Take For A Car Insurance Claim? ", "output": "According to JD Power and Associates the average time to process an auto insurance claim is 14 days . Keep in mind that this is the average and certain circumstances regarding any specific claim may cause the claim to take less or more time . "}
{"input": "Which Individual Health Insurance Covers Pregnancy? ", "output": "Under the affordable care act , every health insurance plan must cover the 10 essential health benefits - maternity care -LRB- including pregnancy -RRB- is one of the essential health benefits . Therefore every individual plan will provide some form of coverage for that type of benefit . How much a plan will pay when that benefit is used will vary from plan to plan . It 's always helpful to consult with an experienced health insurance broker to determine which plan will be most suitable for your specific needs and budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "When Do You Pay Auto Insurance? ", "output": "In California , in order to issue a policy a payment must be made . You will be given payment options going forward for you to chose from . Anywhere from pay in full to monthly payments . You can also set up for automatic deductions from a credit card or checking account . "}
{"input": "When Do You Pay Auto Insurance? ", "output": "Typically , you pay for auto insurance when you purchase the policy . Depending on the effective date , you can pay at a later date . Also , each carrier is different , regarding their billing procedures . If you are already covered , usually a bill is sent 30-60 days in advance of the due date . "}
{"input": "When Do You Pay Auto Insurance? ", "output": "In NJ once you purchase vehicle one need to have insurance paper work to show at the DMV . Depending upon your situation that is you are adding the vehicle on your existing policy , or replacing vehicle , inform your Insurance agent who usually gives you some grace period for payment . But one need to inform agent for such changes immediately . Also , it is better to talk to your agent while you are about to make some changes in your Auto , that is sale , purchase or adding another driver , use of vehicle , even type and make of vehicle as agent can good guide for you if certain vehicle can cost you more or less in premium etc. . . Some older version of car with no air-bag , or lights ON features etc can cost more , compare to new models with all added safety features ... . Note : I write answer based on my experiences ... . "}
{"input": "Is Medicare The Same As Health Insurance? ", "output": "Yes , Medicare is health insurance . It has some differences from privately purchased health insurance , or health insurance provided through an employer . The contractual coverages all depend on the plan , and the same is true with Medicare coverage . There are copays and deductibles , just like with health insurance . The biggest difference is the cost . "}
{"input": "Is Medicare The Same As Health Insurance? ", "output": "Medicare is a type of health insurance available to those over the ge of 65 and people with disabilities that have received social security income for more than 24 months . Coverage on Medicare works differently than traditional health insurance one is used to before joining the Medicare system , though many aspects are the same . Medicare has four parts , A -LRB- hospital coverage , the part that is `` premium free , '' for those who worked at least 40 quarters before becoming eligible -RRB- , B -LRB- outpatient coverage , which has a monthly premium , currently $ 115 for most -RRB- , C -LRB- Medicare Advantage , which replaces A and B -RRB- , and D -LRB- optional prescription drug coverage -RRB- . "}
{"input": "Will We Be Required To Have Health Insurance? ", "output": "You will be required to have health insurance in 2014 . Oh , that pesky government ! As part of the Affordable Care Act , you will be taxed if you do n't have qualified coverage . Federal tax subsidies will be available and as mentioned below , full-time experienced brokers are the best resources to discuss the topic . Here 's what to do . As experienced brokers , our job is to shop the best carriers in your area , and show you the lowest rates for the coverage you need . It may not be as expensive as you think and you may qualify for a big federal tax subsidy ! "}
{"input": "Will We Be Required To Have Health Insurance? ", "output": "Starting in 2014 the PPACA or Obamacare will be operational . All Americans will be required to have health insurance , but not all will pay for health insurance . The health care legislation is based on means testing , so the poor wont pay anything and the middle class could have subsidies . Because it is a federal program , all shortfall of the legislation will be paid be federal tax payers , i.e. only half the country . "}
{"input": "How Do I Borrow Against My Life Insurance? ", "output": "If you have permanent life insurance , like whole life , you can borrow against it , from any equity which you would have earned , after about two years . You merely contact your life insurance agent , or the carrier direct if you do not have an agent any longer , and inform them of your desire to borrow against your policy . They will send you a form asking for the relevant information . All this can be done within one day . You can then have the funds direct deposited into your checking account or have a check sent to you . Thank you . GARY LANE . "}
{"input": "How Do I Borrow Against My Life Insurance? ", "output": "You can borrow from your life insurance policy by contacting your insurance company and requesting a loan . You may need to complete a form and you usually can borrow up to 90 % of the cash value . The specifics will be detailed in your policy wording . In Canada , when you borrow you will trigger a taxable gain if the amount borrowed exceeds the adjusted cost base . Be sure to check with the company concerning any tax consequences involved with borrowing . When/if you repay the loan you will receive a credit for this . Using the policy as collateral and borrowing from a bank does not trigger a taxable gain . A reminder , if you do not pay the interest on the loan , it will compound and could put the policy at risk of lapsing . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "How Do I Borrow Against My Life Insurance? ", "output": "That is a great question ! You need to have a whole life policy to be able to borrow anything . Term policies have no cash value to borrow from , so the first step is to determine what policy you have . The second step is to see how long the policy has been in force . If it has only been a year or two , in most cases there wo n't be anything yet to borrow . If the policy is a few years old , the company can tell you what your borrowable amount is . They will send you a form , and after processing it , a check . Hope that helps , and thanks for asking ! "}
{"input": "What Is The Penalty For Driving Without Car Insurance In Kentucky? ", "output": "The penalty is $ 500 or more plus court costs for a first-time offence . Court costs are often between $ 150 and $ 200 dollars . In addition to the fines for driving without insurance , the state of Kentucky can cancel your car registration if you do not have insurance . Insurance companies provide a list of insured drivers to the state . If the state does not receive notification that you have insurance for 60 days , they will send a notice to provide evidence of coverage . If you do not provide evidence of coverage within 30 days , your auto registration may be canceled . "}
{"input": "Can A Non Citizen Get Life Insurance? ", "output": "A non citizen can get life insurance with most companies if they have a green card or an H-1b work visa . Some companies do require that the applicant be a US citizen before allowing them to get a life insurance policy , and some will only allow green cards but not work visas . Contact an agent to find out which companies will work for your situation . "}
{"input": "Can A Non Citizen Get Life Insurance? ", "output": "Yes you can but most insurance companies require that you have been in the country for 3 or 6 months . This will vary from carrier to carrier . It will also depend on your frequency of travel outside of the USA and if you will be traveling to certain `` high risk '' countries often or not . "}
{"input": "Where Is Car Insurance Mandatory? ", "output": "That is a great question ! Car insurance is required in almost every State in America . Even in the ones that do n't , you have to be able to prove that you can pay for damages caused in an accident . If you are looking for the state with the least requirements , it used to be New Hampshire , but that may have changed since I lived out east . It is safe to say that it is required almost everywhere that you can go . It makes sense to have it , and can be devastating to you if you do n't . Thanks for asking ! "}
{"input": "What Is The Penalty For Not Having Car Insurance In Alabama? ", "output": "Generally speaking the penalty is revocation of your driver 's license . This will typically take place if you do not provide the DMV with proof of insurance , typically done with form SR-22 . If you lapse coverage without having additional coverage established the insurer will typically notify the DMV as they are legally required to do . The DMV will then begin revocation if you can not provide proof of insurance . "}
{"input": "Can Employers Deduct Long Term Care Insurance Premiums? ", "output": "Employers can deduct premiums paid on behalf of their employees for long term care insurance . This is a great benefit to provide employees as it secures loyalty to the employer . Individuals can deduct premiums on individual plans as well . When benefits are received those benefits are not considered ordinary income . "}
{"input": "What Does Non-Owned Auto Insurance Cover? ", "output": "Talk to your Insurance Professional about the availablity of this type of policy and it 's limitations . Typically , a named non-owner auto policy will provide stated liability coverage , which is protection for you in the event you are responsible for causing an accident that results in property damage or bodily injury . In CT , it will also include stated uninsured motorist protection for your benefit in the event that you are injured as a result of an accident caused by an uninsured person . Finally , it may also include stated primary medical benefits for you again if you are injured as a result of an accident that is caused by either you or another party . The policy will NOT provide any coverage for physical damage -LRB- Comprehensive or Collision -RRB- for the vehicle that you are driving . "}
{"input": "What Does Non-Owned Auto Insurance Cover? ", "output": "A non-owned auto insurance policy is typically a liability only policy . This means that if you are deemed at fault in an accident and it is a covered lossyour insurance would typically be responsible to pay the damages caused up to the policy limits . Please read your policy completely to understand what coverage is provided and what exclusions there maybe or contact your local agent to have them go over the policy with you . "}
{"input": "Is A Variable Life Insurance A Good Investment? ", "output": "You are liable to get a different answer from everyone you ask . Is Variable Life Insurance a Good Investment really depends on what you want . First , this is a Life Insurance policy . When you die , providing the policy is in force at the time of death , a death benefit will be paid to your beneficiaries . Second , there is an investment component to these meaning from your premium , after the cost of insurance and any other fees/expenses are paid , the remaining funds are placed into accounts similar to what you might see with mutual funds or stocks . The risk is you are subject to the market loss just as you get the gains . Your policy COULD run out of monies if your `` investment '' continues to loose money which may cause the policy to lapse unless you put more money into it , on top of your regular premium . "}
{"input": "Is Life Insurance Necessary For A Mortgage? ", "output": "Life insurance is not necessary to get most mortgages . If you put down under 20 % for the down payment , you may be required to get PMI -LRB- Private Mortgage Insurance -RRB- in order to obtain the mortgage . That is not regular life insurance , but a policy created just for the purpose of paying off what you owe the lender , in the event of your death . Many people do choose to buy term life insurance to pay off their mortgage , so that their loved ones can stay in the home if they were to pass while the mortgage is not yet paid off . "}
{"input": "Is Life Insurance Necessary For A Mortgage? ", "output": "It depends on your definition of `` necessary '' . It used to be common practice for mortgage companies to sell credit life insurance that would pay the mortgage in the case of the borrower 's death . These policies are n't sold much anymore because they were n't really a good value for the borrower . The rates were high and the death benefits fell over time with the balance of the mortgage . It 's usually a good practice to have life insurance in place to pay off any debts you have including a mortgage . To do this the right way you really need to consider the bigger picture of your life . A mortgage is just one piece of the puzzle that is your financial life . When considering how much life insurance you need , you have to determine what will happen if you die and where that will leave the survivors . Find an agent you can trust and go through the process of this planning . Nobody likes thinking about their death , but the situation exists whether you plan for it or not . "}
{"input": "Who Pays For Indemnity Health Insurance? ", "output": "Indemnity insurance is a form of health insurance that pays a fixed amount per service or for a period of time . For example , an indemnity policy might pay $ 50 towards a doctor 's office visit . This means that regardless of the total cost of that visit to the doctor the indemnity policy pays $ 50 . Another common example is the indemnity policy may pay $ 500 per day that the policyholder is in the hospital . If the policy holder had a 2 day hospital stay that cost $ 8000 the policy would pay $ 1000 -LRB- $ 500 x 2 -RRB- and the policy holder would be responsible for the remaining $ 7000 in hospital expenses . There are many variations on the indemnity policy theme and they are often combined with accident and/or critical illness policies to provide more financial protection . In any event , indemnity policies are not major medical policies and by design provide defined and limited financial protection to the policy holder . These policies were really designed more as a supplement to major medical insurance than as a replacement for it . If you have a premature baby that racks up $ 500,000 in neonatal intensive care bills an indemnity policy will not go very far towards covering that expense . Also , indemnity policies do not meet the Minimum Essential Benefit requirements for health insurance under the affordable care act -LRB- ObamaCare -RRB- and will leave such a policyholder subject to the individual mandate tax penalty if that is the only medical insurance a person has . With the high cost of ObamaCare compliant plans the lower costs of hospital indemnity plans can be a tempting option for some people but you should be under no illusion that these policies cover the full range of medical services a person might need or that they provide protection against the costs of serious illnesses or injuries that might run into the 5 , 6 or 7 figure range . "}
{"input": "Who Offers Medigap Coverage? ", "output": "Medigap or Medicare Supplement insurance coverage is offered by private insurance companies . All Medigap Plans are standardized , so the benefits with Plan F from ABC insurance company are the same exact benefits with XYZ insurance company . The only difference is the price . Often times , Seniors are only aware of a few insurance companies that offer Medigap Plans . This is because of their heavy marketing techniques . In reality , there are many more insurance companies available and probably most of them you 've never heard of -- but since Medigap Plan benefits are standardized by CMS , it does n't matter what the name of the insurance company is . An independent agent specializing in Medicare Supplement insurance can share which insurance companies are in your area and which ones have the best price . Thank you for reading my response . Please let me know if I can help you find Medigap coverage in your area . "}
{"input": "Who Offers Medigap Coverage? ", "output": "The best way to determine who offers Medigap Coverage is to speak with an independent agent that specializes in Medigap Plans -LRB- Medicare Supplement Plans -RRB- . A good agent will be able to show you all the top rated insurance carriers offering Medigap Plans and help you determine which plan would be the best fit for your specific needs . You can also visit our website for more information or give us a call . "}
{"input": "Who Offers Medigap Coverage? ", "output": "There are many companies that offer Medigap plans , but not every company offers every plan and in every state . Most insurance companies have a handful of states they do business in for their Medigap plans and only sell several of the available plans -LRB- e.g. company XYZ only sells Medigap plans A , F , G , and N -RRB- . Since Medigap plans are standardized -LRB- meaning the coverage is the same , regardless of the company it 's through - the only difference being the price of the coverage -RRB- , it 's important to find out all of the carriers that offer plans in your zip code . Some of the big name companies in the Medigap marketplace include , but are not limited to , United Healthcare -LRB- parternered with AARP to use their name on their Medigap plans -RRB- , Omaha , WellPoint -LRB- Anthem and other Blue Cross carriers -RRB- , Aetna , Cigna , Humana , Central States Indemnity , Medico , New Era , Royal Neighbors of America , United American , and Equitable , to name a few - there are a number of other companies out there in the Medigap marketplace . 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 . "}
{"input": "What Is A NPI Number With Medicare? ", "output": "The NPI number is a ten digit identification number given to health care providers by the CMS -LRB- Center for Medicare and Medicaid Services -RRB- . NPI stands for National Provider Identifier . It replaced the UPIN , Unique Provider Identification Number , in 2006 . Health care providers are required to use the NPI for HIPAA correspondence . "}
{"input": "Does State Farm Offer Long Term Care Insurance? ", "output": "State Farm does offer Long Term Care Insurance , but not in every state . Their Long Term Care policies and Partnership Long Term Care policies offer options for home health , hospice , and respite care in addition to nursing home and other institutional care . Benefits can be purchased up to $ 500 per day . "}
{"input": "Can I Apply For Life Insurance Online? ", "output": "You can apply for life insurance online in several ways . Sometimes you can fill out the entire application online . More commonly , you find a quote online , then an agent contacts you to be sure you qualify for that quote . Sometimes agents can even find you a lower quote than what you found on their own website . That personal contact can help in many ways , so do n't shy away if you are contacted after attempting to apply online . One phone call can be all it takes to get you on the road with the right application , and after that you may never need to speak to the agent again . "}
{"input": "Can I Apply For Life Insurance Online? ", "output": "Yes you can apply for life insurance online . The life insurance industry is going through a very trying transition right now . The average career life insurance agent right now is over 50 years of age and the total number of agents is quickly declining . This is happening because more people like you are looking for life insurance online . The important thing for anyone who is a just starting the life insurance process to consider is that your buying experience will certainly be very different if you buy life insurance online versus contacting a local agent . Not better or worse , but different . Thinking about how you prefer to do business may help you decide which route to take . Are you part of the connected generation ? If your average day includes texting and Skype or FaceTime you will be perfectly comfortable buying your life insurance online . Do n't be concerned that you will be stuck with some impersonal call center . There are plenty of great online insurance agents that provide personal service . The only difference between them and your local agent is that your communication will be via your smart phone , not in person . If you 're not into the latest technology and you feel that personal interaction requires a handshake , you probably wo n't be comfortable getting life insurance online . You may find the process cold and impersonal . Do n't worry . Even though they 're getting older , there are plenty of great local life insurance agents that will give you advice and personal service your way . Many of them still make house calls and transact business over your kitchen table . The most important thing is not where you get life insurance , it 's that you do get life insurance . Good luck to you whichever route you choose :-RRB- "}
{"input": "Can I Apply For Life Insurance Online? ", "output": "Yes you can apply for a life insurance policy online . But a more important question is : what type of life insurance will best fit your goals ? Then there are a whole collection of optional riders you will want to at least consider . Some types of life insurance you can apply for online without even having to have a medical exam , but the greater number of available policies require a `` field underwriter '' as well as some kind of medical exam . I recommend you consult with an insurance adviser/broker that can help you find the right policy for your goals . "}
{"input": "Can I Apply For Life Insurance Online? ", "output": "That is a great question ! You can find anything on the internet these days , and certainly life insurance is on there for the taking . I 'm not a big fan of buying it on the internet , but I do think it 's good to research and comparison shop on it . Here 's why I do n't recommend buying online : 1 . -RRB- If you apply on line , the price you are quoted is almost always the `` best price '' scenario . It may be quite different from the actual price the policy comes to you with , after the prescription , MIB and underwriting processes are completed . A live agent will have discussed this with you , and in most cases can give you an exact quote . 2 . -RRB- If there is an issue with your health , and you are declined more than once , this becomes a red flag for any other company that you will apply with . Again , a live agent can prevent this from happening by steering you toward an appropriate policy/company . 3 . -RRB- Maybe I 'm a little old fashioned , but the protection of my family still means a lot to me . I 'm not comfortable putting my information out there on the web , especially with the almost daily revelations of who 'd been hacked months ago that we 're just now being told about . Add to that the horrendous experiences with on-line customer service , and I 'm not counting on them to answer in an emergency . I want a live body answering my call . I hope that helps you , thank you for asking ! "}
{"input": "Can I Apply For Life Insurance Online? ", "output": "You can absolutely apply for life insurance online . Just be careful . Some tips you need to be aware of before putting your personal information into an insurance quoting site . 1 -RRB- Be sure the website is secure -LRB- WEBSITELINK 2 -RRB- Know the source of the site . A lot of quoting sites are just `` lead '' sites . This means this company will sell your information to insurance agents all over the country . It is not uncommon for a consumer to receive 40 calls and emails per day from agents `` selling '' insurance for weeks and even months . 3 -RRB- Understand that most online sites show you the best possible rate `` best preferred '' when quoting . Only about 5 % of people qualify for that rate and chances are yours will be much higher . I recommend using an independent trusted advisor that will professionally shop the market to get you the best rate at the best price for your unique situation . "}
{"input": "What Does Cash Value Mean On A Life Insurance Policy? ", "output": "The cash value of a life insurance policy is a pool of money that you can borrow from to use for your own purposes , while you are still alive . If you pay back your policy loan with interest , you will still be able to keep the death benefit intact , as well . If you were to surrender -LRB- drop -RRB- your policy , you would receive the cash value minus any fees . "}
{"input": "What Does Cash Value Mean On A Life Insurance Policy? ", "output": "Cash Value Life Insurance is a permanent policy that can accumulate cash by differing credit methods . Participating whole life and current assumption universal life use credited interest rates . Indexed universal life uses domestic and foreign indices and variable universal life uses separate sub accounts with access to equities and bond vehicles . "}
{"input": "Does Health Insurance Cover Weight Loss Surgery? ", "output": "As a rule no , not unless there is a medical necessity . Check the exclusions in your policy or contact your insurance company before the procedure to find out for sure if the procedure you need to have done is covered . Without knowing the details of the situation it is hard to give a definitive answer . "}
{"input": "What Is The Cheapest Non Owner Car Insurance? ", "output": "Insurance providers are not cookie cutter . In other words there are many variables that determine rates . What may be lower in premium for me may not be the case for your . Therefore it 's impossible to say who has the lowest rates . I recommend you contact an independent agent who can shop various insurance providers for you to find the right coverage 's at the right premium . "}
{"input": "What Is Renters Insurance And What Does It Cover? ", "output": "Great question ! Renters insurance is like homeowners insurance , but for people who rent , and not own . It is designed to provide protection for the cost of replacing your belongings in the event that they were damaged or stolen . Your landlord will have insurance to cover their building , but it will not cover your things , so it is wise for you to do so . It can make a huge difference if something were to happen to your building , and is relatively inexpensive for the blessing that it can be . If you need more information , contact me , I 'm happy to help . Thanks for asking ! "}
{"input": "What Is Renters Insurance And What Does It Cover? ", "output": "Renters insurance is a must have for everyone who rents a home or apartment and it 's very inexpensive . Renters insurance typically cost between $ 100 - $ 200 per year depending on how much personal property coverage you need . Renters insurance will cover your belongings and provide liability coverage . Renters insurance even covers personal property away from your home or apartment . For example , someone breaks into your car and steels your iPad . Most policies limit coverage away from your residence premise to 10 % but the example would be a covered loss . "}
{"input": "What Is Renters Insurance And What Does It Cover? ", "output": "Renters Insurance is a type of property and casualty package policy that is available if you are renting the home in which you live . This can of course be anything including a rental apartment , rental condominium , loft or even a single family home . The policy is similar to a Homeowners policy in that it provides coverage for your personal belongings and also liability protection . Unlike a Homeowners policy it does not provide primary coverage for the dwelling in which you live . However , the liability portion would provide you with coverage in the event that you were responsible for damage done to that residence . This is why in many cases , you will be required to show that you have purchased Rental Insurance as a condition of your lease . "}
{"input": "How Long Is Medicare Primary For Esrd? ", "output": "Not everyone with ESRD is covered by Medicare , but if you are eligible Medicare will be the primary payer in the following situations . If Medicare is your only health insurance , Medicare is primary . If you have coverage through an employer group health plan , that plan is primary -LRB- if there are 20 or more employees -RRB- during a 30 month COB period . At the end of the COB period Medicare is primary . "}
{"input": "When Did Annuities Start? ", "output": "All annuities have a policy date . That is usually the date that funds are accepted by the insurance company . Money can be withdrawn from an annuity in several ways which would give rise to several other dates . If there will be regular installments for a period of time , which would create a different date . If a lifetime income is desired there would be the start date for that , which could be the same as the policy date on an immediate annuity . The start date for a lifetime income becomes a date that ends all further choices . "}
{"input": "When Did Annuities Start? ", "output": "When did annuities start ? Well they can be traced back to Roman times . Know as annua , people made a one time payment and then collected a payout every year there after . During the 17th century governments issued annuities to underwrite the many wars they were in . People provided money now to the government with the promise of a later payout over many years . "}
{"input": "What Is Elimination Period In Disability Insurance? ", "output": "The elimination period in Disability Insurance is the period of time between becoming disabled and when benefits begin to be paid to the disabled employee . With Long Term Disability , a period of one to six months is usually selected as the elimination period . Generally , the shorter the elimination period , the higher the premium paid for the policy . "}
{"input": "Does Renters Insurance Cover Identity Theft? ", "output": "It will depend on the policy , but most companies offer identity theft protection now a days for an additional premium . The best thing to do would be check your policy or contact your local agent and see if that is included and if not see if your company offers that . "}
{"input": "Does Renters Insurance Cover Animal Damage? ", "output": "If the animal in question is a domesticated animal then there may be coverage for damage by the animal . A non domesticated animal is almost certainly excluded from coverage 's . Refer to your policy or contact your local agent to further discuss since each policy can differ by each individual insurance company . "}
{"input": "Why Is It A Good Idea To Have Renters Insurance? ", "output": "Renters insurance provides protection for your belongings should you have something terrible happen , such as a fire , water damage , or a break in . The insurance will help provide the money to replace the value of what was lost . Without it , the cost of replacing your tv , computer , etc. is all yours . "}
{"input": "How Much Is Car Insurance For A Porsche Boxster? ", "output": "The cost of auto insurance coverage for any vehicle or driver can vary greatly . Things that effect your auto insurance rates are geographical location , vehicle , age -LRB- s -RRB- of driver -LRB- s -RRB- , type of coverage desired , motor vehicle record of all drivers , credit rating of all drivers , and more . Contact a local agent to get a quote . A quote cost nothing but will let you know where your rate would be . "}
{"input": "How Do You Buy Health Insurance In Illinois? ", "output": "You can get health coverage through healthcare.gov on your own or go through a licenesed agent . We at WEBSITELINK have helped millions obtain coverage . You need to find out what you qualify for if your eligible to get tax credits . You can obtain coverage during the open enrollment period . After that , you have to wait until Novemeber 2014 to enroll in a plan during open enrollment . You maybe eligible to enroll outside the open enrollment period if you have experienced a qualifying life event . If you do not have a qualifying life event during the SEP -LRB- Special Enrollment Period -RRB- you may opt to obtain a short term plan to bridge the gap until the next open enrollment period in Novemeber . "}
{"input": "How Do You Buy Health Insurance In Illinois? ", "output": "Great question ! There are a couple of ways . Bear in mind that there is an annual open enrollment period once a year in the fall when you can sign up . The rest of the year , the enrollment is closed , unless you have a major life change , such as a change in employment , get dropped by previous coverage , get married or divorced , for example . When you shop , you can either enroll in your employers -LRB- or your spouses -RRB- plan ; you can seek out a private company to purchase from , or you can go to healthcare.gov to shop . The benefit of the Government website is that you may qualify for a discount offered on that site . If you need help , please contact me , okay ? Thanks for asking ! "}
{"input": "How Do Annuities Work When You Die? ", "output": "After you make a contribution into an annuity , the value grows tax deferred . This is one of the key reasons that people invest in annuities . If you have had money invested in an annuity for a period of time there may be a large amount of deferred income . When you die your beneficiary will receive the proceeds and will have to pay income taxes on the amount of the deferred income . There is a spousal exemption to this however , so if your beneficiary is your spouse they will have the option of continuing the deferral . "}
{"input": "How Do Annuities Work When You Die? ", "output": "An annuity is a legal contract that allows you to designate a beneficiary and contingent beneficiary . If you die during the accumulation phase of a deferred annuity , the amount accumulated will be sent directly to your beneficiary outside of probate . If you die during the disbursement phase the particular option that you have selected will dictate the distribution of any remaining assets . For example if you have selected a joint life annuity , some portion of the payment will continue until the death of the second annuitant . "}
{"input": "What 3 Questions Does AARP Ask For Life Insurance? ", "output": "At this time , AARP 's three health questions for their term insurance are : 1 . In the past 2 years , have you had treatment or medication for or been diagnosed by a doctor as having heart trouble , stroke , cancer , lung disease or disorder , diabetes , liver or kidney disease , AIDS , AIDS Related Complex , or immune system disorder ? 2 . In the past 2 years , for any condition , have you been admitted to or confined in a hospital , sanitarium , nursing home , extended care or special treatment facility ? 3 . In the past 3 months , have you consulted a doctor or had treatment , medication or diagnostic tests of any type ? -LRB- Note : You are not required to report negative AIDS or HIV tests -RRB- . "}
{"input": "What 3 Questions Does AARP Ask For Life Insurance? ", "output": "What 3 questions does AARP ask for life insurance ? I guess the answer to this question would best be found on AARP 's website for life insurance . I think it might be more important to look at the insurance offered with those 3 questions . Currently it is a group policy offered through New York Life . NYL is a fine company so no worries there . This plan is a 5 year level term policy , which means every five years the cost will increase . The policy ends at age 80 , with nothing to convert over to . So if you need coverage beyond age 80 , you will be shopping again . Pricing wise , because of the few questions asked , the price tends to be high . This would be true of any insurance company that asks only a few questions . What you do n't ask about , you charge for . So a healthy person could do much better elsewhere , but for the person who wants to go this route and does n't mind the extra cost and the early ending , it 's fine . "}
{"input": "What 3 Questions Does AARP Ask For Life Insurance? ", "output": "The AARP branded life insurance is actually New York Life . They just pay for the AARP branding . They go all the way to guaranteed issue so the only three questions on that are going to be 1 . What is your age ? 2 . What is your gender ? 3 . How much coverage do you want ? Anyone considering this policy would be well advised to keep looking . It 's probably the worst deal you can get . Most people can get a much lower premium and first day full coverage rather than accept the terms of a guaranteed issue policy . AARP often tries to sneak into the fine print `` Premiums are not guaranteed . You can not be singled out for a rate increase but we can increase them on all insureds . '' That is completely unacceptable . New York Life is wise to pay AARP to use their name to sell this . No one who reads it would ever accept that deal . But some AARP members trust the brand name so much they do n't read it . "}
{"input": "What 3 Questions Does AARP Ask For Life Insurance? ", "output": "AARP has a number of policies , so the questions asked depend on which policy you are apply for . But one that has three health questions is AARP 's term policy , which Larry described . Here are those questions at this point in time : 1 . In the past 2 years , have you had treatment or medication for or been diagnosed by a doctor as having heart trouble , stroke , cancer , lung disease or disorder , diabetes , liver or kidney disease , AIDS , AIDS Related Complex , or immune system disorder ? 2 . In the past 2 years , for any condition , have you been admitted to or confined in a hospital , sanitarium , nursing home , extended care or special treatment facility ? 3 . In the past 3 months , have you consulted a doctor or had treatment , medication or diagnostic tests of any type ? -LRB- Note : You are not required to report negative AIDS or HIV tests -RRB- . "}
{"input": "If I Die Who Would Get My Life Insurance? ", "output": "When you purchase your life insurance policy , you have an opportunity to name a Primary Beneficiary . This is the person who , should you die while th policy is in force , will receive the proceeds of that policy . You also have an opportunity to name a Contingent Beneficiary , to whom the proceeds would be distributed if for some reason , your Primary Beneficiary has also died or can not for some reason receive the money . "}
{"input": "If I Die Who Would Get My Life Insurance? ", "output": "If you are the insured person on your life insurance policy , the death benefit will be paid to your beneficiary or beneficiaries that you had designated on your policy . If you are the owner of the life insurance policy , with the insured person being someone else , the policy would go to whoever you had set up as the contingent owner , if you would pass away . If there is no contingent owner , the insured person might become the owner . "}
{"input": "If I Die Who Would Get My Life Insurance? ", "output": "The idea is that someone that you love and name in the policy will get the proceeds of your life policy . Life insurance is a legal contract . The company is obliged to pay your beneficiary the proceeds . If your beneficiary is no longer alive , then your contingent beneficiary will receive the proceeds . If there isnt a designated beneficiary that survives you , the probate court will decide . "}
{"input": "If I Die Who Would Get My Life Insurance? ", "output": "Your beneficiary gets the death benefit . Make sure you choose a beneficiary who can and will execute any plan you may have for the funds . Maybe if you have children you want some of the money to go to their college cost or maybe payoff your home . I think you should go a step further and do an estate planning plan . Or maybe a trust of some sort to dictate how the money is spent "}
{"input": "If I Die Who Would Get My Life Insurance? ", "output": "The person or entity -LRB- charity or business -RRB- that would receive your death benefit if you were to die is called your beneficiary . Your life insurance would go to your primary beneficiary first . If you were to die along with your primary beneficiary , the death benefit would go to your contingent beneficiary . Beneficiary designation is very important . Experienced agents will perform regular beneficiary audits to make sure that in the event a client dies , their death benefit goes where the client whished it to go . "}
{"input": "Will Medicare Cover A Hospital Bed? ", "output": "Medicare Part B covers hospital beds as a type of durable medical equipment -LRB- DME -RRB- - it must be prescribed for use in your home by a doctor and the doctor is enrolled in Medicare . Medicare will generally cover 80 % of the expenses with you responsible for the other 20 % . You will want to find out if the supplier accepts assignment -LRB- accepting the Medicare-approved amount as payment in full -RRB- - if they do not , you would be responsible for any excess charges . I highly recommend securing a Plan F or G Medicare supplement to cover any excess charges . "}
{"input": "Can Pregnant Women Get Life Insurance? ", "output": "Most insurance underwriters will not consider pregnancy as an underwriting issue so long as the insured does not have other health issues that require medication . Under normal circumstances a healthy pregnant woman should not have any difficulty getting health insurance . If other health issues arise then they may rated higher . "}
{"input": "Can Pregnant Women Get Life Insurance? ", "output": "The life insurance industry seems to have no underwriting standard for pregnant women . But a rule of thumb is that most will underwrite a woman during the first two trimesters of pregnancy . General underwriting concerns look for gestational diabetes and high blood pressure , which can generate a rating or postponement . "}
{"input": "Can Pregnant Women Get Life Insurance? ", "output": "Yes , if your health is excellent , you can get the best health rating even into the second trimester . There are No Exam policies that are reasonably priced , for which it does not matter if you are pregnant . You can get that quickly , then apply for a medically underwritten policy after your baby is born . You can even add a child rider for your baby , if you wish , that will ensure he or she is able to get reasonably priced life insurance for the rest of his or her life . "}
{"input": "What Are The Different Kinds Of Annuities? ", "output": "The different kinds of annuities have not just one , but a variety of features that make them different . Here are some of them . Keep in mind that each annuity will have a combination of these differing features . 1 -RRB- Immediate vs Deferred . Immediate annuities are often single premium annuities and they begin making payments to the beneficiary almost immediately . Deferred annuities are often paid periodically , although they can also be paid in a single premium . Deferred annuities are not annuitized until after an extended accumulation period . 2 -RRB- Single Premium or Multiple Premium . 3 -RRB- Fixed , Indexed , or Variable . Fixed annuities have a guaranteed minimum interest rate that is paid on the premium paid for the annuity . Indexed annuities have a base interest rate but can perform above that through the use of market indexes . Variable annuities are invested in the stock or other markets and may or may not have guarantees . "}
{"input": "What Do Life Insurance Companies Test Your Blood For? ", "output": "Life insurance companies can test your blood for many items contained in a screening . They may include nicotine , drug use , cholesterol levels , lipid levels and many other items that help the insurer determine the best rate to offer . A broker can help you determine the best insurer to use based on your results . "}
{"input": "What Is Lender Placed Homeowners Insurance? ", "output": "Under the terms of your mortgage your lender can buy a homeowners policy to protect his interest . He will do this if you do not provide one . That cost of that policy is then included in your mortgage payments . The policy may not protect your interests but it will protect the lenders . The policy may be more expensive . Normally the lender will discontinue the policy when you buy one yourself , naming him as mortgagee . "}
{"input": "What Is Lender Placed Homeowners Insurance? ", "output": "In New York the named insured for a homeowners policy must occupy the premises . The mortgagee or lender does not qualify for a homeowners policyasit does not occupy the premises as a residence . When the borrower 's ` hazard insurance ' is terminated , the lender secures property coverage to protect their insurable interest only . Typically , the borrower is not a named insured on these ` forced placed ' policies purchased by the lender . In this situation the borrower now has no insurance on the dwelling , their personal property , nor do they have any personal liability insurance . In some states a lender may be able to purchase a homeowners policy and may be able to include the borrower as a named insured . I have never seen this in New York . If you are the borrower and your lender has purchased the ` forced placed ' coverage , ask for a copy of the policy to make sure you are afforded coverage under the policy . The premium for this ` forced placed ' policy will be added to your mortgage payments . "}
{"input": "Can I Switch Medigap Companies? ", "output": "In some states , you are allowed to change Medigap plans at any time , without being asked any medical questions . However , in most states , if you are applying outside of your initial enrollment period -LRB- six months after you first get Medicare part B -RRB- , then you will have to qualify medically in order to switch Medigap policies . This means answering health questions on the insurance company application , and usually also involves a phone interview with you and verify your prescription drugs . In most cases , if you answer yes to any of the health questions being asked , you would not be approved by that particular company . That said , not all companies ask the same health questions , so being turned down by one company does not mean you would be turned down everyone . "}
{"input": "Can I Switch Medigap Companies? ", "output": "Most people can switch Medigap companies . If your premium is getting too high , it 's a great idea to have it reviewed and see if you can qualify for a rate reduction with another insurance company . If you are out of your initial Open Enrollment period or not eligible for a Guaranteed Issue situation , you will have to medically qualify for a new Medigap Plan . If you can qualify medically , you can switch Medigap companies any time of the year . Qualifying means you have to answer the health questions on the insurance company application . The insurance company will usually do a phone interview with you and verify your prescription drugs . They will not have anyone come to your house and perform a medical exam . All insurance companies are unique with their health questions -- as is each individual 's health . One company may deny coverage based on diabetes while taking blood pressure medications while another company will approve coverage . You just never know ; that 's why it 's in your best interest to work with an agent who has access to many insurance companies . If I can assist you with your personal Medigap needs , please feel free to contact me . "}
{"input": "Is Pension Plan Income Taxable? ", "output": "In Canada , pension plan income is taxable . Pension contributions by the company and the individual are tax deductible . The funds inside the plan grow tax deferred . Consequently when income is received from the plan it is taxable . Retirement income planning often requires the assistance of professionals . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . "}
{"input": "Is Pension Plan Income Taxable? ", "output": "That is a great question ! In most cases , your deductions from your check to fund the pension plan were taken out before being taxed . If that was the case , then all of the income you are receiving from it now is taxable . If your pension plan was funded with after tax dollars , then your income would be tax free . That is one of the great advantages of a Roth IRA , that when you need the cash , it 's not subject to being taxed . I hope that helps , thank you for asking ! "}
{"input": "What Does Permanent Disability Insurance Cover? ", "output": "What does permanent disability cover ? This appears to be a mixed question so lets see if I can make mud out of it . What defines `` permanent disability '' ? For the absolute best it would read as follows . . '' unable to do the material aspects of their current occupation and under a doctor 's care . '' That describes the best disability language you can get . "}
{"input": "Does Renters Insurance Cover Loss Of Food? ", "output": "It may , yes , but it is important to check with your Insurance Professional and discuss the terms and conditions of your particular policy . In general , if food items are lost from a refrigerator or freezer as a result of a long term power outage AND the cause of that power outage is a covered peril in your policy , then there will be some coverage . I have seen that in most cases , the amount of coverage is limited , usually to about $ 500.00 and of course this is subject to your deductible . "}
{"input": "Is Whole Life Insurance Ever A Good Idea? ", "output": "First you need to understand that there are a number of variations on Permanent or Whole Life Insurance . Universal , Indexed Universal , Variable Universal , and straight Whole Life are all `` Permanent Life '' insurance . That said , I would answer your question by saying that Whole Life Insurance is Always a good idea ! From there it needs to be determined what you range of objectives are to determine which type will be best for you . As mentioned above Whole Life is Cash Value insurance that grows cash value tax free at a minimum guaranteed rate . The exceptions are the variable and universal varieties , which are subject to stock market variations and cost increases . "}
{"input": "Is Whole Life Insurance Ever A Good Idea? ", "output": "Is whole life ever a good idea ? Absolutely , for those who understand it 's application and use , it makes great sense . For those who always want to compare it to a stock mutual fund that never ever does anything but go up , well , it shows that they really do n't have a good understanding of how RISK applies to financial choices . I own whole life for many years now . It has served me well , done what I have expected it to do and even better it has never gone backwards like my qualified plan investments have or my real estate investments have . Whole life insurance is a solidly boring financial product that serves a good purpose in a portfolio . It is part of a portfolio , a boring part , but if you 've been around long enough and put money in different places , you 'll understand the need to have something like whole life . Some choices should n't keep you up at night . "}
{"input": "Is Whole Life Insurance Ever A Good Idea? ", "output": "Participating whole life insurance can be an excellent saving vehicle for long term conservative savers or as a conservative part of a persons retirement portfolio . And along those same lines of thinking , can be a disciplined monthly savings approach similar to dollar cost averaging . "}
{"input": "Can I Get A Life Insurance Policy If I Am Pregnant? ", "output": "My experience has been that it is possible to get life insurance during the first trimester , but that insurance agencies are reluctant to take an application for a woman in her second and third trimesters of pregnancy , in case of complications . But I am sure there are some companies that will cover women who are up to 6 months pregnant with a medically underwritten policy , especially if they have had previous event free pregnancies and have no pre-existing conditions . For those who are in the third trimester of pregnancy , there are No Exam policies you can get . "}
{"input": "How Can I Compare Home Insurance Quotes In Georgia? ", "output": "The trick to this is getting quotes that are comparable.There are so many more nuances in Homeowners coverages than on auto . So start out with what coverages you have now . Start with the amount of insurance on Coverage A of your policy . Does this really reflect the replacement cost of your property ? Now look at the ancillary coverages : Do you have water/sewer back up ? Does the limit include both dwelling and contents or only one or the other . Do you have Law and Ordinance Coverage what is the percentage ? What about personal injury coverage ? Do you have a schedule or need specific coverage on jewelry , watches or furs or similar expensive items limited in the existing policy by a dollar value ? If so what is it ? Do you need special circumstantial coverage for a home based business , ? Do you have home Warranty Coverage ? Do you have Earthquake coverage ? Is it constrained by a per cent deductible ? If so what is it ? I think you will get the picture . then I would suggest you give an independent agency a call or visit their website . We would be glad to help you , but perhaps you are not in the Atlanta area and want some local contact . We understand that but our recommendation to an independent agent is still sound advice as they typically will have multiple companies to compare . "}
{"input": "When To Drop Universal Life Insurance? ", "output": "If your universal life insurance policy is using the cash value of the policy to supplement what you are paying in premium each month , just to keep it in effect , you will need to decide whether to keep or drop your policy . One of the factors to consider in making that decision is how much longer you need life insurance coverage . You can ask for an illustration to see how much longer your policy will stay in effect while staying on that same path . You also must consider how much you are willing to pay to make it last longer . You can also get an illustration asking how much more premium you would need to pay to make it last `` x '' number of years . Generally speaking , if you need the policy for many more years , and if you are able to qualify for a new policy , it may be in your best interest to take the cash value that you have and apply it toward a new Universal Life with a no lapse guarantee . If you do n't need the policy for many more years , it may be best to keep it . Contact a respected agent to help you see your options and make a sound decision about whether or not to drop your universal life policy . "}
{"input": "Does Home Insurance Cover Plumbing? ", "output": "If the damage is the result of neglect there isnt any coverage . If the damage is caused by a backup of water through the sewer system , damage is excluded unless that coverage is purchased as an option . If the cause is freezing the policy will cover not damages ifthe property is unoccupied . Claims involving continuous and repeated seepage or leakage are also excluded by the policy . Damage caused by freezing is also excluded . "}
{"input": "Does Home Insurance Cover Plumbing? ", "output": "Water damage that is caused by a sudden failure of the system such as occurs if pipes freeze or if the material or a joint fails , will generally be covered . Things that can be considered a failure to perform routine maintenance , however , may not be so be sure to check with your Insurance Professional . "}
{"input": "Will Medicare Pay For An Eye Exam? ", "output": "This is a good question . Medicare typically does not cover routine eye exams unless there is an issue such as cataracts . Keep in mind that Medicare advantage plans , Part C normally will provide you with vision coverage and stand alone dental/vision plans are available in some states . "}
{"input": "What Is Health Insurance Gap? ", "output": "Gap Insurance is a product that was introduced a few years ago to offset a raise in deductible . Many employers have introduced this product , as health insurance has become unaffordable . So how this product works is the employer would raise the major medical deductible from $ 2500 to $ 5000 . There would be a second policy -LRB- Gap Insurance -RRB- that would offset the increase in deductible . Anything that is covered by the major medical plan and was applied to the deductible would be covered by the gap plan . "}
{"input": "How To Figure Out How Much To Save For Retirement? ", "output": "There are a number of sites that provide calculators to help you determine how much you need to save each year to accumulate a specific sum of money for retirement . Will you need 70 % of your preretirement income ? More than 70 % . ? The first step is to define what a successful retirement means to you and then set a date . Then you can determine what it wil cost cost to finance your retirement , starting with a budget . Working with a financial or retirement planner would be best , however , a site calculator gives you a the idea . . On my website www.jpw.ca you will find a Retirement Planning Checklist avaialble as a resource . If you have further questions , or fell that I could be of assistance , please do not hesitate to contact me . "}
{"input": "How To Figure Out How Much To Save For Retirement? ", "output": "That is a great question ! The first step is to decide exactly what your retirement looks like to you . Do you want to travel ? Hole up somewhere and fish all day ? Live basically as you do now ? Once you 've done that , take a look at where you are financially right now . What are your assets ? What debts do you have ? How much longer do you anticipate working ? Then you can figure out how to get from where you are , to where you need to be to ensure your retirement looks like you want it to . The rule of thumb is to live at the standard that you are now , you will need to save between 8-10 times your current salary . If you are n't comfortable now , then you will need to save even more . A good advisor can help you find a way to get started , or to adjust the plans that you have . I hope that helps , thank you for asking ! "}
{"input": "Is New York Life A Good Life Insurance? ", "output": "New York Life is an excellent life insurance company with strong ratings and a blue chip balance sheet . New York Life has huge retention for large cases . However , their product line is not competitive in the brokerage community and generally sold by their proprietary agent field force . "}
{"input": "Is New York Life A Good Life Insurance? ", "output": "Yes . New York Life is a top rated life insurance company . They are a mutual company which means they are owned by their policy owners not Wall Street investors . They are known for their excellent whole-life products . a different division of New York Life sells mail order life insurance which is co-branded by AARP . These are quite different from the New York Life products offered by their agents . "}
{"input": "Can My Girlfriend Be On My Car Insurance? ", "output": "If she drives your car on a regular basis or lives with you then you should consider adding her as a driver . Just remember however that her driving record can affect your insurance rates if you do so . If for any reason her driving record is badly blemished then I suggest having her obtain her own policy . "}
{"input": "Can My Girlfriend Be On My Car Insurance? ", "output": "In California the determination is that the car is attached to a household . If your girlfriend is also a member of your household , she not only can , but she must be a listed driver or excluded from the policy . If she doesnt live with you and operates your car with your permission , your insurance continues to cover the car . However , you are still responsible for the outcome and if she has an accident it could lead to an increase in your premium . "}
{"input": "How Quickly Can You Get Homeowners Insurance? ", "output": "Most companies extend binding authority to appointed agents . You should be able to get evidence of insurance within a very short period of time . The agent then submits the application to underwriting and they have sixty days during which they can review and decline the risk . The parties to the insurance policy receive legal notice of cancellation should that occur which gives them ample time to secure coverage elsewhere . "}
{"input": "How Quickly Can You Get Homeowners Insurance? ", "output": "You should be able to get a policy the same day or the next day . Most insurance agent 's have binding authority , which means that if they can get enough information and if you meet a certain set of criteria , they can say you are covered now and you are covered now , even without paperwork . That being said , a lot can change if the agent has n't visted the property and completed an inspection , so I always recommend giving an agent at least 1 week of notice so they have a chance to come by and look at the property condition , put together some coverage options , and meet with you to review those options as policy can vary hugely from one company to another and depending on what options you choose . "}
{"input": "How Much Will Medicare Pay For A Hospital Bed? ", "output": "Medicare has specific fees for DME -LRB- durable medical equipment -RRB- including wheel chairs , walkers and hospital beds . DME supplies are covered under Medicare Part B . You should always use a Medicare approved DME supplier and make sure they accept assignment . The hospital bed requires a doctors prescription . Your DME supplier can give you an idea of how much Medicare will pay toward the cost of renting a bed . "}
{"input": "Where To Purchase Disability Insurance? ", "output": "There are several brokerage companies online that offer several disability companies . It 's important to have a well represented inventory of disability companies to compare benefits and premium payments for a competitive analysis . Shopping online can help you secure a competitive bid as long as you 're fore right about your health history , current medical condition and you can substantiate your income . "}
{"input": "Where To Purchase Disability Insurance? ", "output": "Disability brokers have websites and offices where you can go to purchase a Disability Insurance policy . Individual online Life and Health Insurance agencies also often carry Disability Insurance . Or , as in our case , they use the services of a Disability Insurance broker to help their clients get the best price and options . "}
{"input": "Where To Purchase Disability Insurance? ", "output": "Disability insurance is a complex product . There are so many different types of plans , with a great variety of additional options available that you are best served working with an independent life insurance broker . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . "}
{"input": "When Can An Auto Insurance Company Sue Me? ", "output": "An example of being sued by an insurance company would be : Your have been found at fault in an accident . Now you either had no insurance or your insurance coverage 's were to low to pay the damages . The latter is very common . The other parties insurance company paid for their own insureds damages and is now seeking to recover it 's losses . So lets say for example you did have some coverage but the coverage 's you carried were to low . Your insurance company would of paid the claim up to the limit you carried . This turns out to not be enough and the person you hit insurance company , having had to pay beyond what your insurance company would pay will sue to recover the additional monies paid out . Moral of the story : Carry the highest liability and property damage limits you can afford . Do not waste your money on a low deductible for your own car . This amount is minimal compared to what you can lose in a liability suit . "}
{"input": "What Does Disability Employee Mean? ", "output": "Disability employee could mean an employee that has a disability . Or it could be an employee of a disability insurance company . Or it could be someone who manages disability plans for a business . It is not a common term and the meaning would depend on the context in which it is used . "}
{"input": "What Does Disability Employee Mean? ", "output": "I am going to assume you want to know what constitutes a disability for an employee . This is governed by the definition of disability contained in the insurance policy providing coverage . The most difficult definition is the inability to do any work that the employee is trained to do . Other definitions are the inability to do the work in which the employee is currently engaged . "}
{"input": "Where Do I Withdraw My 401K? ", "output": "You withdraw monies from your 401 -LRB- k -RRB- through the administer of your 401 -LRB- k -RRB- plan you have through your company . Contact your HR department and request paperwork to either take a loan , withdraw and or close out your account . Be aware that if you do withdraw monies or close your account , you will have to pay the taxes for this year . "}
{"input": "How Soon Should I Apply For Medicare? ", "output": "You can apply for Medicare up to 3 months before , the month of , and up to 3 months after your birth month . You should apply during the 3 months before the month you turn 65 so your coverage starts on time -LRB- the first day of your birth month -RRB- - you can be subject to a delayed effective date if you apply during the 3 months after your birth month . People are eligible for premium-free Medicare Part A when they turn 65 and have met the 40 quarters -LRB- 10 years -RRB- of working life/paying FICA taxes . Anyone who is eligible for premium-free Part A , can qualify for Part B - Part B requires premiums . Younger individuals with certain disabilities who have been receiving social security disability benefits for 24 continuous months and those with end-stage renal disease , may also be eligible to receive Medicare benefits . Original Medicare -LRB- Parts A & B -RRB- only 80 % of your healthcare expenses . Medigap plans -LRB- also known as Medicare supplement plans -RRB- can help cover all or a portion of the other 20 % . When you first enroll in Part B , you have a 6-month initial open enrollment period to buy a Medigap plan with NO medical underwriting . The advantage of having a Medigap plan to go with your Original Medicare coverage is that it creates a very predictable expense structure -LRB- a major advantage for seniors living on a fixed income -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "I Was Given The All Clear 10 Years Ago From Leukemia. Will This Affect An Application For Life Insurance? ", "output": "The diagnosis of leukemia will affect the rate or eligibility for some life insurance policies , even though over 10 years ago . For others -LRB- like a simplified issue policy that asks if you have been diagnosed or treated for leukemia in the past 10 years -RRB- , it will not make any difference at all . Contact an impaired risk specialist that offers policies from multiple companies to find the policy that has your lowest price . "}
{"input": "I Was Given The All Clear 10 Years Ago From Leukemia. Will This Affect An Application For Life Insurance? ", "output": "Some companies will automatically decline a policy due to certain risk factors or rate higher premiums . Cancer and heart attack are some . Major operations are another . Tbis does mean you ca n't be insured . There are ways around this . Companies that deal with these risks are available , I know of someone who had seizures had operations or heart operations but was written policies on another factor of risk . "}
{"input": "I Was Given The All Clear 10 Years Ago From Leukemia. Will This Affect An Application For Life Insurance? ", "output": "Congratulations !! That is a great question ! The simple answer is that it depends upon the amount of insurance that you would want for coverage , and the company that you choose to have insure you . I 'd suggest that you find an independent agent -LRB- one not tied to a single brand name -RRB- who can look for a policy that will not count your past illness against you . If you would like , I 'd be happy to help , just drop me a line . Thank you for asking ! "}
{"input": "Can A Person With HIV Get Life Insurance? ", "output": "A person with HIV can get life insurance by converting a present term policy into a permanent plan . There also may be group conversions available through an employer . Also , there are some guarantee-issue plans that possibly may be able to offer coverage . An experienced broker will find any available plans for you . "}
{"input": "Can A Person With HIV Get Life Insurance? ", "output": "Being HIV positive makes it very difficult for people to get life insurance . If over age 40 , there are some guaranteed issue life insurance policies available , but these provide only a limited amount of coverage . Some of our clients have obtained small policies through credit unions , mailers from small guaranteed issue policies , or other random places . Of course , getting life insurance through one 's job is a great option if you can get it . It is very unfortunate that there are not more options . Hopefully this will change in the future . "}
{"input": "How Much Does Long Term Health Insurance Cost? ", "output": "I 'm unsure exactly of whether you are referring to regular health insurance or long-term care insurance . Either way , the cost of coverage under both types of insurance will vary from person to person . For health insurance , your age , where you live , if you use tobacco products , the carrier you purchase through , your plan metal level , and if you qualify for a subsidy to reduce your premium will determine how much a good policy is going to cost . Under the 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 . Tobacco usage can increase your premiums up to 50 % as well . If you 're referring to long-term care coverage , a number of factors can affect the cost of the policy such as your gender , where you live , the monthly benefit of the policy , the policy 's benefit period , any discounts when spouses apply together , etc. . It 's always helpful to consult with an experienced insurance broker who can work with you on a personal level and help you determine which plan will work best for your specific needs . I hope the information is helpful - please feel free to contact me for help with your coverage or if you have any other questions . Thanks very much . "}
{"input": "What Is An Enrolled Retirement Plan Agent? ", "output": "Assuming that is question is describing an enrolled agent , the Enrolled Retirement Plan Agent , or ERPA , is a representative certified to practice before the IRS . The IRS recognizes these specially licensed agents to not only advise consumers , but represent them in front of the IRA service in matters of taxation and/or disputes on retirement plans . "}
{"input": "What Does Contingent Mean On Life Insurance? ", "output": "If you are referring to a `` contingent '' beneficiary , it is simply the `` second '' beneficiary named , so that if something quite unfortunate occurred to the primary beneficiary , the contingent would be the recipient of the proceeds . Initially , when you apply for a life insurance policy -LRB- or other contracts -RRB- , these would be named . "}
{"input": "What Does Contingent Mean On Life Insurance? ", "output": "Contingent policy beneficiaries or owner can be the second option for the proceeds of the policy if the primary beneficiaries are no longer alive or at the death of the policy owner -LRB- not also as the insured -RRB- . Think of contingents as a backup option or people in reserve that would have an insurable interest in the demise of the policy insured . "}
{"input": "What Does Contingent Mean On Life Insurance? ", "output": "The definition of contingent is `` dependent for existence on something not yet certain '' . In life insurance terms , it means that the contingent beneficiary exists just in case the primary beneficiary -LRB- or all the primary beneficiaries , if there are more than one -RRB- are not alive when the insured person dies . If the owner is someone different than the insured , one could set a contingent owner of the policy , as well . Life insurance is to protect survivors from the `` what if 's '' in life , and thus it is a good idea to name a contingent beneficiary for the same reason . "}
{"input": "What Does Contingent Mean On Life Insurance? ", "output": "Life insurance policies can have a contingent beneficiary or contingent owner . This simply means that if something happens that the primary beneficiary or owner predeceases the insured then the policy proceeds or ownership transfers to the contingent -LRB- or secondary -RRB- owner or beneficiary . If both predecease the insured then any funds from the policy would go into the estate . "}
{"input": "Will Medicare Pay For A Knee Replacement? ", "output": "Medicare does cover joint replacement if the need to replace the joint is considered medically necessary . Joint replacement includes shoulder , hip , knee and other body joints . Make sure you use a medical provider that accepts assignment . Some replacement joint devices are considered a `` premium '' device . You may be responsible for paying the difference in a basic device and an upgrade . Your provider can advise . "}
{"input": "What Does An Insurance Deductible Mean In Health Insurance? ", "output": "It is the out of pocket medical expenses that a individual must pay before their insurance `` kicks in '' with your policies definition of full coverage . Generally medical expenses relating to preventive and early detection will be covered before meeting the deductible . The co-pays and co-insurance would be credited toward your deductible . It is the same basic principle as a deductible with car insurance . "}
{"input": "Is American Income Life Insurance Legitimate? ", "output": "Yes . American Income Life Insurance is a legitimate company . They have been around for a while . I heard about them approximately 8 years ago when they attempted to recruit me as a life insurance agent . You can also enter their name into your favorite search engine to find out more information about the company . "}
{"input": "When Can I Change My Medigap Plan? ", "output": "In general , you can change your Medigap Plan any time of the year . You will have to medically qualify for a new Medigap Plan -- unless you are in a Guaranteed Issue situation -LRB- the rights you have in certain situations when insurance companies are bound by law to sell you a Medigap Policy and ca n't deny you because of current or past health issues -RRB- . To qualify medically , means you have to answer the health questions on the insurance carrier 's application and list prescription medications taken in the last 12 - 24 months . Every insurance company 's health questions are unique , as is each individual . A licensed independent agent who specializes in Medicare Supplement insurance is a great resource for helping you find which insurance companies you may qualify with -- and , which ones have the best premiums for the Medigap Plan benefits you want . Thank you for reading my response . If I can help you with your specific situation , please feel free to contact me . "}
{"input": "When Can I Change My Medigap Plan? ", "output": "Medigap , also know as Medicare Supplement insurance can be changed at any time . You do not have to wait until open enrollment in October . Since Medicare Supplements are in addition to Original Medicare , the rules are different than a Medicare Advantage Plan that basically takes the place of Original Medicare . If you have a prescription drug plan , -LRB- Part D -RRB- you will have to wait until Open Enrollment October 15th through December 7th to change the Part D . "}
{"input": "When Can A Person Receive Medicare? ", "output": "People are eligible for premium-free Medicare Part A when they turn 65 and have met the 40 quarters -LRB- 10 years -RRB- of working life/paying FICA taxes . Anyone who is eligible for premium-free Part A , can qualify for Part B - Part B requires premiums . Younger individuals with certain disabilities who have been entitled to social security disability benefits and those with end-stage renal disease , may also be eligible to receive Medicare benefits . "}
{"input": "Who Owns Medica Health Insurance? ", "output": "Medica started in 1975 by a group of physicians for the purpose of becoming a Physicians Health Plan . They offer coverage in Minnesota and select counties in Wisconsin , North Dakota and South Dakota . According to Medica , `` It was the first open-access health plan in the state . In 1991 , PHP merged with Share to become Medica . And in 1994 , Medica merged with HealthSpan to form Allina Health System , an integrated organization offering both health care coverage and medical services . Medica became an independent health plan in 2001 '' . In 2010 , Medica reported $ 4 Billion in revenue and that `` 90 % of fully insured premium revenue was used to pay for health care expenses '' . Medica states that over 96 % of Minnesota 's providers participate in the program and they offer a large national network of over 660,000 providers and 5,100 hospitals to it 's members . Resources : Medica.com "}
{"input": "What Does EOI Mean In Life Insurance? ", "output": "EOI stands for `` Evidence of Insurability '' . EOI shows the insurer that the insured person meets the health and risk criteria required by that company in order to get a certain policy . Group life insurance plans might not require EOI for a certain amount of life insurance , but then require EOI for additional coverage , or coverage for family members . Most privately purchased policies do have EOI requirements of some kind , although they can vary widely from simply answering a few questions to having a full medical exam done . "}
{"input": "Can I Go To Emergency Room Without Health Insurance? ", "output": "Anyone can go to the ER -LRB- emergency room -RRB- regardless of whether you have health insurance or not . Bear in mind the ER is not required to treat you -LRB- except in the case of life threatening medical conditions -RRB- unless you have the ability to pay your bill . EMTALA rules require hospitals to treat medical emergencies without first verifying if you have insurance or not . "}
{"input": "What Is A Taft-Hartley Retirement Plan? ", "output": "Taft-Hartley retirement plans are retirement plans for union members and their families . Benefits and contributions are negotiated as part of the CBA . Management and oversight of a T-H plan is usually handled by a third party administrator that is contracted by the union . Some large plans -LRB- such as the Teamsters -RRB- represent more than one union group . "}
{"input": "Does AAA Provide Renters Insurance? ", "output": "AAA does indeed offer house , apartment and condo insurance . They also include a 10 % discount on premiums if you are a AA member . Typically , renters insurance policies are the cheapest form of property coverage since the actual dwelling where you live , is not covered by you . However , you would have liability coverage included in your policy along with other benefits , including reimbursement if you had to temporarily move elsewhere because of a specific covered claim . "}
{"input": "What Is Covered With Critical Illness Insurance? ", "output": "What is covered with critical illness insurance is spelled out in each policy , and differs from company to company . The basic critical illnesses are stroke , heart attack and some types of cancer . The cancer is usually the more serious kind , although some policies will pay a partial benefit for milder types of cancer . Some other critical illnesses that may be covered are organ transplant , Parkinson 's , Alzheimer 's , kidney failure , coronary bypass , blindness , deafness , or paralysis . "}
{"input": "What Is Covered With Critical Illness Insurance? ", "output": "The health conditions that are covered by critical illness insurance are determined by what is specified on each policy . The three primary ones are stroke , heart attack and cancer . Some policies also cover such health conditions as major organ transplant , coronary bypass surgery , kidney failure , paralysis , blindness , deafness , or MS. Payments are made in a lump sum , or over a course of payments , upon diagnosis of a qualifying condition . "}
{"input": "Where Can I Get Group Health Insurance? ", "output": "There are two paths to getting group health insurance for your business . First , the `` do it yourself '' approach where you can call up or go to a health insurance carrier 's web site and request a quote . Of course , this assumes you know all the health insurance carrier options in your state and that you will know what information you need to have available to get a quote . You may also discover that a health insurance carrier does n't work directly with the group consumer and they will recommend you seek out an insurance broker . Keep in mind that a group health insurance carrier can only talk to you about their products and services so you ca n't expect them to help you comparison shop and , of course , every health insurance carrier thinks their products are the best . This brings us to the appropriate option , seek out a group health insurance broker . Do a web search , ask a fellow businessperson or friend but find an experienced , knowledgeable employee benefits professional to guide you through this process . There is a lot involved in setting up an employee benefits program and with the market changes imposed by Obamacare the task has become even more complex and demanding . If you are needing help in setting up or reviewing your group health plan contact me at WEBSITELINK . "}
{"input": "How Much Long Term Care Insurance Can I Afford? ", "output": "Long term care -LRB- LTC -RRB- insurance is a part of defensive planning for your retirement . Long term care policies price their premiums on the basis of your gender , age , smoking status , health history and current medical condition . You have three considerations for long term care coverage : a stand alone policy , an annuity or life insurance with an LTC rider . "}
{"input": "Does It Make Sense To Buy Long Term Care Insurance? ", "output": "It makes sense to buy Long Term Care Insurance if you can afford the premium without giving up quality of life . If you are already on Medicaid or have very little income or assets , Medicaid will soon pay for your long term care , if it is needed . You will not have the choices of care that you would by having Long Term Care Insurance , but spending money you do n't have for LTCI premiums , in my opinion , is an unnecessary sacrifice for a need that may never occur . "}
{"input": "What Does Medicare Medical Part B Cover? ", "output": "That is a great question ! Jason gave you a great rundown of services and costs . If you would like to know more about your Medicare coverage and services you are eligible for , go to the Medicare website WEBSITELINK as it is really helpful . There are a ton of links and places to look for answers . Thanks for asking ! "}
{"input": "What Does Medicare Medical Part B Cover? ", "output": "Medicare Part B is your physician insurance - it covers doctor visits , tests , surgeries , preventive services , and supplies including DMEs -LRB- durable medical equipment -RRB- . The Part B deductible is $ 147 in 2014 . You 're responsible for 20 % of healthcare expenses covered by Part B - Medicare only covers 80 % of the costs . Most people who have Part B will also have Part A -LRB- your hospital insurance -RRB- - Part A is premium-free for most people . You may want to consider buying a Medicare supplement plan -LRB- a.k.a. Medigap plan -RRB- to cover the other 20 % . The advantage of a Medigap plan is that it creates a very predictable healthcare expense structure -LRB- a very helpful ability for retired persons on a fixed income -RRB- . Please feel free to contact me for help . Thanks very much . "}
{"input": "Is A Broken Window Covered By Homeowners Insurance? ", "output": "Your homeowners insurance would cover a broken window if it was broken due to a covered loss . If the window was broken because you or the kids were playing baseball in the yard and someone knock the ball through the window that more than likely would n't be covered . Please read your policy completely to know what coverage is offered and what exclusions there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Is Car Insurance Cheaper When You Are Married? ", "output": "The best answer to this is maybe . You can receive discounts for many things when applying for auto insurance . One of the available discounts is being married . However , if you are married , and only have one car then you are effectively nullifying the discount . The reason for this is the corollary discount to being married is the multi-car discount . If you are sharing a car with your spouse , then you will be rated for two drivers with one auto , which means more exposure and subsequently higher premiums . So the best way to maximize your insurance discounts is be married , each drive your own car , and throw on a type of homeowners policy , even if you are just renting . I hope this helps . "}
{"input": "Can You Get Life Insurance If You're Pregnant? ", "output": "When you are pregnant , some life insurance companies will postpone taking your application until after your baby is born . Some will let you get a policy while in your first or second trimester . If you fit the weight guidelines , there are simplified issue policies that can be obtained into the third trimester of pregnancy . "}
{"input": "How Much Is Home Insurance Every Month? ", "output": "Home insurance can cost as little as $ 20 per month or much much more . The rate depends on your dwelling amount coverage -LRB- personal property etc. . . too -RRB- and other underwriting factors such as the age of your house , how far you are from a fire hydrant and your claims history . Of course there are many available discounts such as 55 and retired and burglar alarm . "}
{"input": "Will Medicare Cover A Tens Unit? ", "output": "Medicare will cover a TENS unit , but under a specific set of circumstances . According to the Medicare guidelines,ATrans-cutaneousElectrical Nerve Stimulator -LRB- TENS -RRB- iscovered for the treatment of patients with chronic , intractable pain or acute post operative pain . Further documentation requires that medical records document the location , duration and etiology of the chronic pain . Durable medical equipment has very specific guidelines to be covered under Medicare . Make sure you check first or you could be paying a lot of money out of your own pocket . For more information on TENS please visit www.clminsure.com or call 561-320-2978 "}
{"input": "How To Appeal A Long Term Care Insurance Denial? ", "output": "To appeal a Long Term Care Insurance denial or Life Insurance denial , you must first find out the reason for the denial . It may simply be that the company was unable to secure a certain set of medical records , and thus could not make a decision based on lack of information . You might be able to track down those medical records and be able to be approved . Or , your medical records or MIB may state your health in a mistaken way . You may be able to do additional testing to disprove that , or get an informative letter from your doctor stating the correct information . This can be submitted directly to the underwriter and/or to the MIB to get your information there corrected . "}
{"input": "Is Disability Insurance Worth The Cost? ", "output": "Disability Insurance protects your income . The average American becomes disabled once during their working years . That average time of disability is 30 months . Most Americans have 90 days of emergency money . Depending on your gender , age , smoking status and health condition you could pay 5-8 % of your income to protect your income . 60 % of your compensation tax free -LRB- because you didnt deduct the premiums -RRB- and 80 % of your compensation taxable because you deducted the premium through a business . Is that worth it ? "}
{"input": "Can I Get Health Insurance If I'm Unemployed? ", "output": "Yes . Health insurance today is , in short , guaranteed issue - you can not be denied health insurance for any pre-existing condition or other health-related reason . Depending on your income , you may be able to qualify for a subsidy to reduce the cost of your health insurance premium . If you are below the minimum requirements to qualify for a subsidy , you may be able to qualify for Medicaid . Under the Affordable Care Act , if you do not want to buy a health plan , you can be subject to pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . Many individuals have options for group insurance through their employer or they are on Medicare or Medicaid . If you decide to buy a health insurance plan , then you would either need to buy it on or off the health insurance exchanges . Buying on the exchanges is beneficial if you qualify for a subsidy . Subsidies can only be used for on-exchange plans - they can not be used towards plans sold off the health exchanges . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . Please let me know if I can be of further assistance . Thanks very much . "}
{"input": "Can Life Insurance Proceeds Be Paid To A Minor? ", "output": "When life insurance proceeds are paid to a minor , it is usually required to have a financial guardian to oversee the distribution of funds to the child until they reach age 18 or age 21 , depending on the state of residence . This can be done ahead of time through a trust . "}
{"input": "Can Life Insurance Proceeds Be Paid To A Minor? ", "output": "The desire to take care of children often leads to improper planning . Children require supervision and the money should be left a trustee for the benefit of the children . Often the trustee will supervise the money until the child is 25 or older to make sure that it isnt rapidly consumed in immature activities . "}
{"input": "Who Can Afford Whole Life Insurance? ", "output": "A person with a fixed income or a person who is employed -LRB- in the ideal world -RRB- can usually afford whole life insurance . The premium -LRB- payments for the insurance -RRB- are based on a number of factors including : Amount of insurance coverage Age Gender Health status Income , etc. . The rule of thumb , at least in my insurance training , is that you should not pay more than 6 % of your monthly or annual income for life insurance . If you can afford to give up 6 % , then you should be fine . Your life insurance agent should discuss with you all these things before writing a policy on you . "}
{"input": "Who Can Afford Whole Life Insurance? ", "output": "Many cost conscience and affluent consumers can afford to pay for participating whole life insurance for their indemnification needs and do pay , but many do not because they can generally obtain the same coverage via a guaranteed universal life insurance policy . This is an affordability issue versus a wise use of the money issue . This becomes more evident if the consumer needs temporary coverage and selects term life insurance . "}
{"input": "How To Use Disability Insurance? ", "output": "If your employer offers short term disability you can bring your exposure down to 30 days very cost effectively . By ensuring that you have no more than 30 days exposure you can protect your savings account from the necessity of having to use it to pay for short term disability plans . While your `` occupation '' classification determines if you can get a long term disability plan beyond 5 years the protection of being disabled should never be overlooked . If you look at the percertage possiblity of your being disabled is higher than your death . What is the importance of having an `` own occupation '' definition vs. `` any occupation '' definition ? "}
{"input": "How To Use Disability Insurance? ", "output": "Individuals as ell as business use disability insurance to protect the paycheck of the policy insured against prolonged illness and/or injury . Most working Americans have around 90 days in cash reserves , so you may want to use 90 day elimination period . You can also purchase short and/or long term disability insurance . "}
{"input": "What Is The Best Way To Plan For Retirement? ", "output": "First create a financial profile that includes your timeline to retirement , your life expectancy , your tax bracket and your risk tolerance . Estimating timelines will help you frame your retirement planning . Knowing your tax bracket will help you decide whether to use a qualified or non qualified retirement plan . Determining your risk tolerance will also help your select the right investment product . You need to discover if your employer sponsors a retirement plan , especially if it offers matching contributions . This can help you decide whether to use an individual or employer sponsored retirement plan . "}
{"input": "Does Life Insurance Expire At A Certain Age? ", "output": "Term life insurance has a time certain period according to the contract provision , i.e. 5 , 10 , 15 , 20 or 30 years . Permanent life insurance can expire at a set age , by design , like life expectancy age 85 or at the maturity date , which can vary , i.e. age 100 to age 121 . "}
{"input": "Does Life Insurance Expire At A Certain Age? ", "output": "No , life insurance does not expire at a certain age . Each life insurance policy has its own parameters , whether the policy is Term , Whole or Universal Life . Be sure you understand those when you take out your policy , or you may find yourself uninsured just when you need it most . "}
{"input": "What Is Passive Restraint Discount On Auto Insurance? ", "output": "This is a discount on your auto insurance that refers to your seat belt and air bags in your vehicle . There are many other discounts that carriers provide for your auto insurance rates . Some carriers provide discounts for alarm systems , ant-lock brakes , automatic traction control , and radar sensing systems -LRB- very new technology -RRB- just to name a few . "}
{"input": "What Is Passive Restraint Discount On Auto Insurance? ", "output": "The discount applies to the Personal Injury Protection or Medical Payments coverage available on your auto policy . Some states require such coverage and others do not . Talk to your Insurance Professional about your particular policy to see if you have the coverage or not . If available , the discount is applied because your car is outfitted with drivers side or full compartment air bags or automatic seat belts . There may be other discounts available if your car is equipped with other safety features like anti lock breaks and the like . Again talk to your insurance professional about this to be sure you are receiving all available discounts . "}
{"input": "Where To Get Cheap Car Insurance For New Driver? ", "output": "You can pretty much expect that new drivers will pay more for car insurance than more experienced drivers . That being said , you can probably find `` cheap '' car insurance with some effort on your part and by consulting your Insurance Professional . Like most things though , cheap might not always be the best buy if you need to use it and statistics have shown for many years that less experienced drivers tend to need to use their insurance more than experienced ones . "}
{"input": "Where To Get Cheap Car Insurance For New Driver? ", "output": "That 's a great question ! I 'd like to give you a bit of advice - some things are good to buy `` cheap , '' other things in the long run are better to spend a little more money on . Cheap shoes will hurt your feet , and wear out quickly . Buying a very cheap car often means spending a lot on constant repairs . Insurance is one of those things , especially for a young driver , that it is better to not go `` cheap '' on . You want better coverage , as you are much more likely to have an accident than an experienced driver would be . You will want a lower deductible , as you will inevitably end up needing repairs at some point . Please look for a local agent who can help you , or feel free to drop me a line , I 'd be happy to give you some pointers . Thanks for asking ! "}
{"input": "Where To Get Cheap Car Insurance For New Driver? ", "output": "Cheap car insurance rates for new drivers are available from many companies . The most important consideration is to utilize an experienced broker to help you find the best prices for the vehicle you own . Liability limits will help determine what you pay and an experienced broker will review the best options and explain which limits are best for you . "}
{"input": "Where To Get Cheap Car Insurance For New Driver? ", "output": "By cheap car insurance , I assume you mean low premium . In California inexperienced drivers are charged against one of the household vehicles . The charge is significant . It is tempting to reduce the cost of the policy by reducing the limits on the policy . That could be a very large mistake . In the end the cheapest possible policy is one that makes you whole at the time of a claim . "}
{"input": "Is Mutual Fund Exempt From Tax? ", "output": "That is a great question ! The answer depends upon what the mutual fund is invested in . If the fund is involved in municipal bonds , -LRB- City , State or Government bonds issued to fund public projects -RRB- then you will not pay taxes on the profits that you may see . If your mutual fund is involved with stock funds , then you will pay one or more taxes . If you are paid a cash dividend , then your income taxes will be due on that payment . If the stocks increase in value , you will pay capital gains on the difference . I hope that helps . Thanks for asking ! "}
{"input": "Is Mutual Fund Exempt From Tax? ", "output": "In Canada , most mutual funds are set up as trusts . What that means to investors is that everything flows through to the investor . Interest , capital gains and dividends flow through and the mutual fund does not pay any of the taxes . The fund earns its `` own money '' on fees and would pay tax on that income . Note : Some mutual funds are set up as `` corporate class '' , they also `` flow through '' If you have further questions , or if you feel that I could be of assistance , please do not hesitate to contact me . Mutual funds are often used as part of a retirement plan . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . "}
{"input": "Can I Find Out Who Has Life Insurance On Me? ", "output": "No person or entity can own life insurance on your life unless you gave your consent to be insured . Do you recall signing an application for life insurance or signing to authorize the release of medical information for insurance underwriting purposes ? Do you recall having a paramedical exam - blood and urine samples , questions about medical history , etc ? Ask your family members . Also ask your employer . Since 2006 , employers who insure the lives of their key employees for the benefit of the business must obtain your consent and give you notice up front plus they must report coverage they own on employees annually to the IRS . Some records of your consent should exist in files . Then contact the insurance companies involved to verify . "}
{"input": "Can I Find Out Who Has Life Insurance On Me? ", "output": "Yes . You may ask your family members if anyone knows of an existing policy on your life . If you are unable to do that , then you may contact an insurance company and give them your name so they can check their records . The problem is if you do n't know who owns the policy , then finding the right company is like finding a needle in a haystack . It is possible , but it may take a lot of time and effort . "}
{"input": "How Does Life Insurance Affect Taxes? ", "output": "If you receive a life insurance death benefit as the result of being a beneficiary on a policy , you will not have to pay income tax on it , in most circumstances . If the Insured person also owned the policy , and the death benefit brought the value of the estate over the limit exempt from estate taxes -LRB- $ 5,250,000 in 2013 -RRB- , estate taxes may need to be paid . "}
{"input": "How Much Does Variable Universal Life Insurance Cost? ", "output": "How much Variable Universal Life costs you depends on a number of factors , some are flexible , some are not . Universal life is a complex product that unbundles the components of a whole life policy to provide you with more control and flexibility . The basic building blocks are cost of insurance , expense charges and investment earnings . There are a number of death benefit options available which affect the cost of insurance . For example you can have a level death benefit or level insurance plus cash value . The cost of insurance can be annually increasing for life , annual increasing then paid up at 85 , level and a number of other options that vary by company . The expense portion of the premium is stated in the policy . Some expenses are fixed and guaranteed others are variable so you would need to refer to the policy for details . In Canada , the earnings inside a universal life policy are always expressed as interest . Some policies have 400 + investment options that , in addition to Guaranteed Interest , can mirror the performance -LRB- positive or negative -RRB- of a variety of mutual funds in a tax preferred environment . I say mirror , because you do not actually own units in the particular mutual fund , just the performance . In Canada , the total maximum premium to keep the policy exempt for accrual taxation is set by the government . This provides you with flexibility , it is important that you understand that if the the policy is underfunded it could go out of force . The policy needs to be managed . So how much does Variable Universal Life Cost ? It depends . An independent life insurance broker , representing several companies , can help you find the right policy at the right price . If you have further question , or feel tat I could be of assistance , please do not hesitate to contact me . "}
{"input": "Is There A Way To Assign A Portion Of My Life Insurance Policy For Cash? ", "output": "Good Day to you . There is no way to assign a portion of your benefit based on what you have provided however you might qualify for a life settlement . Life Settlements is basically selling your policy to get some cash . What happens if you qualify , is the owner and beneficiary would change . Upon death , the benefit would go to the new beneficiary/owner . I hope this helps . If you want more information , please reach out to me . Matt "}
{"input": "Is There A Way To Assign A Portion Of My Life Insurance Policy For Cash? ", "output": "Life insurance proceeds can not be paid to cash . A designated beneficiary must be assigned to receive the proceeds . In the instances where a beneficiary predeceases the insured and there are no contingent beneficiaries assigned/remaining , then the proceeds would be paid to the insured 's estate -LRB- assuming a trust is not involved - which i imagine is the case if your policy is provided via a federal employee program -RRB- - the proceeds must then go through the probate process and distribution would be handled by the courts . A beneficiary of a life insurance policy must have an insurable interest to the insured person - this includes persons , businesses , and other types of organizations . What is the reason for wanting to assign $ 50,000 of the $ 286,000 coverage amount to cash and not to your son or another person/entity ? "}
{"input": "Is There A Way To Assign A Portion Of My Life Insurance Policy For Cash? ", "output": "Can I assign a portion of my death benefit to cash ? Generally no . A life insurance policy has a stated beneficiary or goes to your estate . It is hard to figure what you want cash for ? is it to pay something off ? to gift ? You can directly state such things in your beneficiary declaration . Basically the proceeds need to be assigned to someone or some thing -LRB- charity -RRB- or the proceeds are included in probate and distributed that way . "}
{"input": "How To Increase Your Auto Insurance Score? ", "output": "Great question ! The best way to increase your insurability is to have a clean driving record . Avoiding tickets , accidents and damage claims for an extended period of time demonstrates that you are a careful driver , and that your risks are low . Another thing that will help - keep paying your bills on time , and more than minimum payments if possible . Most insurance companies factor in your credit record into their scores , and a good record there over time demonstrates responsibility also . If you would like more information , please feel free to contact me , I 'm happy to help . Thanks for asking ! "}
{"input": "How To Shop For Medicare Supplemental Insurance? ", "output": "Shopping for Medicare Supplement insurance can be confusing . You should find an independent insurance broker or agent , who can help you shop and also can explain the ins & outs of Medicare with you . A good agent will have multiple companies to offer you and will be able to discuss your particular needs and budget to determine what plan design and company would meet your needs . Most who carry Medicare Supplements will also be able to assist you with Part D coverage as well . There are also Medicare `` Advocates '' in many states who are trained by Medicare . They can be a tremendous help in educating people about Medicare in general , what product choices that a person will have & usually can assist in Part D enrollment . What I have found with these people is that even if they can discuss all of the supplement plans with someone - they can not actually enroll them , since they are not salespeople . But , they are a very good source of agnostic information . In addition , there are many online sources to run quotes & see rates . Even though that sounds like a good way to shop , it does n't provide overall education about differences in various companies , the issue basis of the policies being quoted , or any state specific laws and rules that could impact the person applying in the future . Even if someone has a good idea of various rates , it 's still best to sit down with a real person & make sure you receive all of the information necessary to make a good decision . "}
{"input": "How To Shop For Medicare Supplemental Insurance? ", "output": "There are several ways to shop for Medicare supplemental insurance . You can go online , contact a carrier , talk to a Medicare representative , respond to solicitations by mail , invite an agent into your home . Most people buy from an agent in their home . If the agent only offers one plan , that is n't really shopping is it ? And who really wants strangers coming in their home ? If you have recently turned 65 you are no doubt inundated with mail solicitations . All of this is too confusing for most people . Buying without help is not advised . You can call Medicare direct , and some states have people who will answer your questions and help you decide . But how do you know if that person has enough experience to give you helpful answers ? This may be their first week on the job . Some think they will get a better `` deal '' if they buy direct from a carrier . Again , you never know anything about the person you are talking to , and how do you know they will be available to answer future questions ? Or you can go online . This is convenient but there are challenges here as well . Unless you visit a site from a local agent , you are probably giving up your personal information to a stranger in another state that will sell that information to numerous agents . This leads to multiple phone calls . Who wants that ? Another issue with online searches is this . You will only see a handful of options and will never see the lowest rates . We allow visitors to run their own rates from our site . They receive regular email notes with helpful tips following their initial visit . We send out personalized quotes to those who want them , showing multiple carriers . If you have questions , we listen and provide advice on the pro 's and con 's of each plan . And we allow you to decide and move forward at your own pace . All this is done by phone and email . You never have to get out of your pajama 's and get to pick the plan that best suits your needs and budget . "}
{"input": "How To Shop For Medicare Supplemental Insurance? ", "output": "When shopping for Medicare Supplement do not just go by rates . Many agents will tell you that all plans are the same and the only difference is rates , and that is true . However , I have seen many companies go in to an area with rates that are low , only to raise the rates by 30 % or more the following year . Unless you like changing plans every year and you know your health will always be good , this is not necessarily the best way to go . Look for a company that is competitive , but that has a good history of rate increases , generally less than 10 % . Every agent is getting solicited by companies wanting them to sell their now lowest rate plan . Find a good local agent who has been around for a while . I personally like the AARP Med Sup . It is competitive and has an excellent rate history . It also uses community rating versus attained age rating . With attained age , which most companies use , you pay a low rate at first but every year you can count on a rate increase just because you got older , in addition to the rate increase the company has . With community rating , the rates are equaled over the ages so that you pay a little more at 65 for example but when you are 85 your rates will be lower than if you went with an attained age company . Also look for an agent that also does Medicare Advantage and Prescription Drug plans . He will be able to help you decide which would be to your best advantage . "}
{"input": "Why Do I Pay So Much For Car Insurance? ", "output": "That 's really a personal question . Your rate for auto insurance is determined by many factors . Some of those factors are your motor vehicle record , your claims history , your age , your geographic location , themake/model and year of the vehicle you are insuring , the number of vehicles on the policy , the number of drivers on the policy , and many other factors . If you believe that you are paying too much for your coverage call around and see what other carriers in your area have to offer , but remember that you get what you pay for sometimes . "}
{"input": "Why Do I Pay So Much For Car Insurance? ", "output": "If you want to know the real cost of auto insurance , go without . When you are in an accident , pay the victims out of your pocket , repair the other parties vehicle and yours and then deal with the lawsuits that will follow for lost wages , permanent injuries etc. . Even the best driver can be involved in a collision that is why they are called , accidents . "}
{"input": "What Does A Fixed Annuity Cost? ", "output": "In short , it depends on the size of the annuity -LRB- how much you want to put it in -RRB- . If you want to buy an immediate annuity , you 're paying a sum of money to the insurance company in one payment and you 're done - you start receiving annuity payments immediately . If you want to buy a deferred annuity , you are paying premiums to the carrier throughout a given number of periods - you start receiving annuity payments at a future point in time . The advantage being that the monies put into the annuity grow tax-deferred . What you get out of the annuity will vary a lot as well because each carrier that offers annuities will offer different interest rates so one company may offer a large payout to you than another even though you 're putting in the same amount of money either way . This is where an independent annuity broker comes in handy because they can work with you on a personal level , compare options from multiple carriers to see which will offer you the best payout , and get your annuity set up - plus , brokers do not charge fees for their services so you can only help yourself . I hope the information is helpful - please feel free to contact me for assistance and if you have any further questions . Thanks very much . "}
{"input": "How Does Guaranteed Universal Life Insurance Work? ", "output": "How does Guaranteed Universal Life work ? Just like level term . Think of it as lifetime level term . With term insurance you pay a premium every month and you have coverage . With GUL you pay the premium every month and you have coverage . The GUL rider on a polcy states that as long as the premium is paid and the policy values remain untouched the company will pay a death claim out to the age chosen by the insured . It could be to age 90 , 100 , 110 , 121 or until passing . The big thing with a GUL vs. a Level term policy is cash values . With level term the insured does not see the cash values generated by the level term policy during it 's level premium run . With level term you overpay early to underpay later and this keeps the premium constant . Same with GUL except now you can ` touch '' the money inside the policy . This is a bad thing if you want the guarantee to remain in place . You simply do not want to mess with your GUL beyond paying your monthly premium every month . GUL is NOT a saving plan ... it is Lifetime TERM , or at least , it should be treated that way . "}
{"input": "How Does Guaranteed Universal Life Insurance Work? ", "output": "Guaranteed Universal Life insurance -LRB- GUL -RRB- is universal life insurance that guarantees that the policy will not lapse when consistently paying a specific premium that is guaranteed to not go up . The guaranteed no lapse period can often be chosen . E.g. you might choose the policy not to lapse to your age 90 , or to be safe , to your age 120 . The guaranteed premium is based on what it would take to keep that policy in effect that long at the minimum guaranteed interest rate , and the maximum COI -LRB- cost of insurance -RRB- . "}
{"input": "Do I Need Medigap If I Have Medicare Advantage? ", "output": "You are not allowed to have both a Medigap and Medicare Advantage plan . Even if you were , you do n't need both . When you enroll in a Medicare Advantage plan you are essentially in a privatized Medicare plan . Your claims are handled by the insurance carrier . Claims are filed with the carrier , not Medicare . Any issues you have are handled by your carrier . If you have original Medicare , you should consider a Medigap plan to limit your out of pocket exposure . In this arrangement your provider files the claim for you with Medicare who adjudicates the claim then sends it on to your Medigap carrier . "}
{"input": "What Is A 1035 Exchange From Life Insurance To An Annuity? ", "output": "A 1035 exchange is an IRS code section that allows a tax free transfer of cash vales from one annuity policy to another annuity policy or a life insurance policy to an annuity policy . This is also an opportunity to transfer basis in a policy as well for future use . You can not use section 1035 to transfer cash values from an annuity policy to a life insurance policy . "}
{"input": "What Is A 1035 Exchange From Life Insurance To An Annuity? ", "output": "To put it simply , it is a means of rolling the cash value of a life insurance policy into an annuity directly by the companies involved rather than filling out surrender forms , waiting for the check to arrive , and then placing the funds into the new contract . Keep in mind that when you do this you are losing your life insurance . Make sure it is truly to your advantage and not just the advantage of the person trying to sell you an annuity . Be very careful when replacing life insurance . "}
{"input": "How Do You Become Eligible For Medicare? ", "output": "Most people become eligible for Medicare at age 65 but there are some situations where someone under 65 can receive Medicare , as well . 1 -RRB- If you have a disability and have been receiving SSDI for more than 24 months , you will automatically be enrolled in Medicare in the 25th month . 2 -RRB- If you have been diagnosed with End Stage Renal Disease , are on kidney dialysis or had a kidney transplant , and a number of other qualifying factors , you are eligible to receive Medicare . Speak to a representative for details as there are many qualifications involved . 3 -RRB- You have ALS and have enrolled for SSDI . Note : Railroad workers will have some different stipulations . For all of the above , contact Social Security at 800-772-1213 for accurate and up to date information . "}
{"input": "How Do You Become Eligible For Medicare? ", "output": "Medicare , is , of course , a federal program for legal US citizens . To be eligible , you must be age 65 and paid taxes for at least 10 years . You also must be a legal citizen of the US and lived here for at least five years . When you become eligible for Medicare , there is an Open Enrollment when you will not have to answer any medical questions to qualify for various options . "}
{"input": "Does Renters Insurance Cover The House? ", "output": "If you are renting a house , the renters insurance that you purchase may cover damage to the house for which you are held liable under the liabnilty protection portion of your policy . For example , if say you use a faulty extension cord that is found to be the cause of a fire which damages the house , then your loiability coverage wil be used to pay for those damages . Remember to be sure to have enough liability protection ion your renters ' poplicy . Most folks focus on having enough presonal property coverage to protect the things they own . Remember that if you do anything to damage your rental home or unit , you are responsible for the repair of those damages . "}
{"input": "Does Renters Insurance Cover The House? ", "output": "Renters insurance will not typically cover the building structure that you are renting . This type of insurance typically provides liablity coverage , coverage for your personal property , and some loss of use coverage . Please remember every policy is different . Please read your policy completely to understand the coverage porvided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Can Life Insurance Policies Be Contested? ", "output": "Life insurance has a two year contestable period after which it is extremely difficult for life insurance policies to be contested . Even during the first two years , the insurance company can only deny coverage for material misstatements -LRB- information that was withheld from , or misstated on , the application that is serious enough that it would have caused the policy to be altered or denied -RRB- . Other things that might cause a life insurance policy to be contested are questions as to whether the policy was in force at the time of death , or death as the result of suspicious circumstances -LRB- e.g.suspected suicide in the first two years , or murder of the insured by a beneficiary -RRB- . Most life insurance policies will never be contested because death will occur after the two year period . For those that are contested , very few ever result in the death benefit not being paid . "}
{"input": "Can Life Insurance Policies Be Contested? ", "output": "Yes , there is a two year contestable period on life insurance policies . If death occurs during this time , the insurance company will review medical records closely before paying the claim . Some simplified issue companies have a history of not paying claims on a high percent of contestable claims . A small number of companies actually release to the public the percent of contestable claims that they paid last year . As you would expect , those companies pay the highest % of them . "}
{"input": "What Exactly Does Medicare Supplement F Cover? ", "output": "Medicare Supplemental Plan F covers 100 % of what Medicare does n't cover . Keep in mind , when you have Supplemental -LRB- AKA Medigap -RRB- Plans , Medicare is your primary insurance provider . For medically necessary procedures , Medicare Parts A -LRB- Hospital -RRB- and B -LRB- Doctors -RRB- provides good coverage , but still leaves folks on Medicare with a lot of out of pocket exposure . The Plan F pays for everything that Medicare does n't pay . However , if Medicare determines that the medical procedure you received was n't medically necessary , they wo n't pay anything nor will the Supplement Plan -LRB- regardless of who you get your supplemental plan with -RRB- . "}
{"input": "What Exactly Does Medicare Supplement F Cover? ", "output": "Medicare Supplement F -LRB- Medigap -RRB- covers -LRB- among other things -RRB- Part A Coinsurance and Hospital costs up to 365 days after Medicare benefits run out . Part B coinsurance and copay are covered along with the first three pints of blood used . The Part A Hospice Care Copay or Coinsurance is covered along with Skilled Nursing Facility Coinsurance . There are many additional benefits that can be reviewed with an experienced broker . "}
{"input": "What Does The Letter On My Medicare Card Mean? ", "output": "The letter on your Medicare card signifies the category that is qualifying you to receive Social Security benefits . The letters are a code to let Medicare know if you qualified for your benefits based on your own work history and taxes , whether you are eligible due to Medicare because you were disabled , or a number of other reasons . "}
{"input": "Is A Roth Ira A Tax Deferred Retirement Plan? ", "output": "Most Roth IRAs are deferred plans . There is a special IRS code for retirement plans that are funded with after-tax dollars . This is the description of a Roth IRA . The money that you put into the account has already been taxed so it is not taxed in the future . The interest on the money is not taxed either . When you withdraw funds from a Roth IRA , those funds will come to you income tax free if you meet certain conditions . It is not a short term plan . It requires patience but it is a well-guarded secret . "}
{"input": "Is A Roth Ira A Tax Deferred Retirement Plan? ", "output": "A Roth IRA is a tax deferred retirement plan and can generate tax free income . It is not tax deductible , but most middle class Americans are in a low federal and state tax bracket , so Roth IRAs may be a great alternative to tax deductible retirement plans . "}
{"input": "What Is The Penalty For Not Having Car Insurance In California? ", "output": "If you get pulled over and fail to show proof of insurance when it is requested , you can be fined up to $ 800 . If you get into an accident and do not have insurance , you can have your license suspended , your car impounded and be fined . Be sure to obey the law and get insurance or some other form of Evidence of Financial Responsibility . "}
{"input": "What Is The Penalty For Not Having Car Insurance In California? ", "output": "The fine in California for not having auto insurance is $ 796.00 . However I have seen cases where the judge has increased the fine up to $ 1500.00 depending on if you are a repeat offender . Also you license can be suspended for not having insurance . If you get into an accident with no insurance your license WILL BE SUSPENDED for up to one year for not having insurance and your car most likely will be impounded . Not only that . If you are at - fault in an accident with no insurance I hope you can afford an attorney . Not having auto insurance in California is taken very seriously . "}
{"input": "How Much Life Insurance Does A Stay At Home Mom Need? ", "output": "Do you have children ? Do you have a mortgage ? Do you have any income ? Are you planning on insuring yourself , while a spouse works and insures himself ? Do the kids need to pay for college ? These are all factors . If you are married , then what would it take to replace your services to your husband and kids , meaning for child care , cleaning , food preparation , and the things a spouse might have to otherwise pay for ? Typically the amount for such a situation is in the area of $ 300K . Thank you . GARY LANE . "}
{"input": "How Much Life Insurance Does A Stay At Home Mom Need? ", "output": "This is a very relevant question because there is not a black-and-white answer to it . Lets suppose you have a family where mom does stay at home with the kids . Tragically , she dies . What is the best possible thing that can happen with these kids ? Really , its for dad to stay home with them . Theyve already lost mom . They are going to need their dad more than they ever have . He is THE parent . Dad may want to keep working and hire a Mary Poppins-type nanny , but that is the second best solution by far . He really should stay home from work to the greatest extent possible and just connect and bond and nurture and comfort these kids through what may be the most devastating occurrence in their life . Obviously , he will need money to be able to afford to stay home . That is what I think is the number one function of life insurance on a stay-at-home mom . This is a hard sell to insurance companies these days , because they keep thinking in terms of percentage of the wager earners coverage , and on and on . But if I get a couple who really want dad to stay home if the family does lose mom , I fight hard to get them a policy to make that happen . "}
{"input": "How Much Life Insurance Does A Stay At Home Mom Need? ", "output": "Most carriers will only issue a policy for a face amount equal to or less than the amount of coverage you have on your spouse . So you 've got to think about how much coverage your spouse has , what debts you need/want paid off , do you need it for income replacement , . etc. . Many people think that if their spouse does not produce an income , then they do not need coverage . This is the wrong way to look at it . Just because a spouse may be a stay-at-home mom or dad , does n't mean they do n't need coverage . In many homes , a stay-at-home spouse often maintains the house , the yard , buys the groceries , cooks , etc. . If the spouse passed away , would you do these tasks ? Or would you pay to have someone else do them ? Are you going to do them yourself ? All of these factor into the decisions . In short , while a stay-at-home spouse may not generate income , he/she may greatly reduce personal expenses . How much does that total up to over a given number of years ? It 's helpful to consult with an experienced broker who can help you determine how much coverage is suitable to your needs and budget . Please feel free to contact me for help or if you have any other questions . Thanks very much . "}
{"input": "How Much Life Insurance Does A Stay At Home Mom Need? ", "output": "Most insurance companies will perform whats called a `` needs analysis '' to gauge how much your family and or surviving children would need in the event of your death . A good place to start is to add up your total outstanding financial obligations , whether it be a car loan , or credit card debt . Then , look at how much you make per year multiplied by the amount of years until your youngest child for example turns 18 . Factor in college tuition and living expenses . This is only a recommendation , an official needs analysis would need to be done to determine the exact amount needed for survivors . "}
{"input": "How Much Life Insurance Does A Stay At Home Mom Need? ", "output": "There is not a simple answer to this because it will depend on many factors including what the household income is , what the life insurance is intended to cover , etc. . Generally speaking , the average client will need somewhere between 300 to 500K in life insurance just to be properly insured , but it varies greatly between individuals . The best thing to do is contact a local independent agent and have them look over your situation to come up with a plan that best suits your needs . A good independent agent will be able to get you the correct coverage at a reasonable price as they work with many companies and not just one which is always the best way to go . "}
{"input": "How Much Life Insurance Does A Stay At Home Mom Need? ", "output": "It 's going to depend on what you want to protect with that coverage . Factors such as age of the kids , overall debt to the family and new costs that come with having somebody do the things the stay at home does . While there are many formulas I have always started with the concept of what puts the family at zero debt if somebody dies . Then I add for new costs and services with this situation like childcare . Again with any `` how much '' question , there is no one answer , just yours . "}
{"input": "Where Can I Get Health Insurance In Georgia? ", "output": "Several carriers write major medical insurance in Georgia , including Aetna , Blue Cross , Humana , Cigna , Kaiser and United . Each carrier has their strong points and weaknesses . Some offer plans that do not cover brand Rx or will only cover generics and a few brand name drugs . Currently -LRB- 2013 -RRB- there are no plans that include maternity benefits , and no carriers that offer child only coverage . I suggest you talk to a local agent that is familiar with several carriers and can explain the benefit of each . "}
{"input": "How Much Does A Life Insurance Wholesaler Make? ", "output": "A wholesaler with good work ethic andorganizationalskills with a large life insurance company in the brokerage market should be making $ 120,000 - $ 150,000 minimum with the potential to make upwards of $ 250,000 . "}
{"input": "What Is Flexible Life Insurance? ", "output": "Flexible Life Insurance is the old moniker for universal life -LRB- UL -RRB- . The adjective flexible was applied to UL because you could alter the premium and the death benefit within the parameters of the product line . That flexible was a consumer draw in light of the static and unalterable whole life insurance policy . "}
{"input": "What Is Flexible Life Insurance? ", "output": "Usually this refers to a Universal Life Policy . A Universal Life policy is flexible in that you can vary your premium payments and death benefit . It is difficult to explain completely in this format , but essential with a UL you can skip payments -LRB- provided there is cash value in the policy -RRB- , you can put more in or put less into the policy . Some people with a UL will put a portion of their Tax Refund into their policy each year , for example . This helps the cash value of the policy grow at a tax favored competitive rate of interest . You can also decrease your death benefit if you do not need as much insurance or if your health is good you can increase the death benefit . "}
{"input": "What Is Flexible Life Insurance? ", "output": "Flexible premium life insurance comes in many flavors . It is a type of permanent life insurance , a variation of what has long been called `` whole life '' because the policy remains in effect until you die as long as you pay premiums , or there is enough cash reserve to continue the planned premiums . "}
{"input": "What Is The Blackout Period In Life Insurance? ", "output": "There is no blackout period in life insurance . The term , `` blackout period '' refers to the period of time when a widow or widower are left without income because they can not draw on their deceased spouse 's Social Security benefits -LRB- due to their children no longer being dependents , and the surviving spouse not yet old enough to draw on their own Social Security -RRB- . Some survivors use life insurance proceeds as income during this time . "}
{"input": "What Is The Blackout Period In Life Insurance? ", "output": "There is no such term as a `` blackout period '' as it pertains to life insurance . The period you may be referring to is the contestability period . The contestability period is the first two years a life insurance policy is put into force . During this period of time , if the insured was to die , the insurance company can investigate the cause of death for misrepresentation , suicide or prudent care . This is common on ll life insurance companies policies . "}
{"input": "What Is Good Homeowners Insurance? ", "output": "A good homeowners policy will protect you and your home . I would recommend a policy that has replacement cost , liability protection and depending where you live you might need earthquake , flood , mechanical breakdown and coverage for water back up . So a good homeowners policy has a variety of coverage options and you should seek a good Independent Agent . "}
{"input": "Does Homeowners Insurance Cover Pest Removal? ", "output": "The short answer is no in most situations . Almost all homeowners insurance policies provide an exclusion for vermin -LRB- which would include bugs and animals -RRB- . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "What Is The Federal Employee Retirement Plan? ", "output": "The is the federal employees retirement system for federal government employees . Most of these plans are defined benefit retirement plans , but some offer defined contribution plans , which are becoming more popular . Federal pensions are under current scrutiny . "}
{"input": "Does Kentucky Tax Life Insurance Benefits? ", "output": "Kentucky does not charge income tax on life insurance benefits if they are left to a person , rather than the estate . If life insurance goes through probate , it will be taxed . Life insurance benefits are charged Kentucky inheritance taxes , with varying degrees of exemptions given to different types of heirs . They are also subject to federal estate taxes if of a sufficient amount , and in the estate of the last remaining spouse . "}
{"input": "Is Long Term Care Insurance Benefits Taxable? ", "output": "Payments of long-term care claims by an insurance company are generally not taxable as regular income . However , the policy title page must clearly state that the policy is a `` tax-qualified long-term care insurance policy '' or `` TQ '' . Some carriers still sell `` non-tax-qualified '' long-term care policies -LRB- NTQ -RRB- in which the benefits may be taxable as regular income . The reasoning is that NTQ policies are more generous in qualifying someone to go on claim and that other policy features may provide a broader range of care . Whether those attributes would offset the possible taxation of the benefit is debatable . Most long-term care policies today are `` TQ '' . "}
{"input": "How Is Life Insurance Used In Estate Planning? ", "output": "Life insurance provides cash at the time of death . Estate planning involves distributing assets at the time of death . Often the estate needs liquidity so that key assets do not have to be sold to pay debtors or taxes . In other cases , the business should pass to one heir and yet the parents might want to provide equally for other heirs . There are as many problems as there are families and life insurance can solve many estate problems . "}
{"input": "How Is Life Insurance Used In Estate Planning? ", "output": "Financial Planning is a process that provides a client with impartial assistance in analyzing and organizing personal financial affairs in order to achieve financial and lifestyle goals in a tax effective manner . Estate Planning is Financial Planning starting with the end in mind . The principal objective of estate planning is to ensure that your property is managed most efficiently during your lifetime and that your wishes are carried out most effectively after you die . Life insurance can be used in numerous ways to help you achieve your estate planning objectives . In fact , there are too many to be completely covered here , so I will provide a few examples to give an overview . Life insurance can be used to create an estate -LRB- wealth -RRB- : - Cash at death to retire your debts - Leave your survivors with a home - An income for your family - An emergency fund - An education fund - and more Life insurance can be used to conserve an estate : - Cash at death to pay the tax and estate fees and avoid a bargain estate sale . An example would be that bills are due at death and your assets are in bricks and mortar . In order to generate cash , your heirs may have to sell at a loss to pay taxes and other bills . - Cash at death to provide for favourite charity . - Cash at death for estate equalization , you want to give a fixed asset to one heir and to be fair , provide cash to another . - Business life insurance to protect an important asset . There are a number of additional strategies available that use life insurance to conserve or increase the value of your estate and to provide you with living benefits as well . It all depends on your individual objectives . There is additional information on Estate Planning on my website www.jpw.ca If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "How Is Life Insurance Used In Estate Planning? ", "output": "Estate planning is preparing how your estate will be distributed and minimizing/paying off applicable estate taxes upon your death . Life insurance can be used to pay the estate taxes . A common course of action people take to minimize the estate taxes they will be subject to is creating an irrevocable life insurance trust -LRB- ILIT -RRB- . An ILIT is a legal document set up to distribute life insurance proceeds in a specific manner , depending on how the trust is designed . These trusts receive special tax consideration from the IRS that is not given to life insurance policies that would otherwise be owned by a natural person or revocable trust . Since the trust is irrevocable , the terms of the trust can not be changed . An ILIT can offer many substantial advantages to protect life insurance proceeds and help you distribute your property to your children at the least possible cost . The IRS code permits a unified tax credit to pass a certain value of property without having to pay a tax . When you exceed that value -LRB- a taxable estate -RRB- , a massive tax is applied that must be paid within 9 months of death . If the decedent is single , the tax is due accordingly . If the decedent is married , the tax is due after the second death -LRB- death of the spouse -RRB- . So the question becomes , would you rather pay the estate tax with 100 % of your own money -LRB- with after-tax dollars -RRB- or would you rather pay only a fraction of the tax and use someone else 's money to pay the rest -LRB- the insurance company -RRB- . If you want the latter , you can purchase a life insurance policy . The type of policy you should set up will depend on the specific circumstances , but for many situations it will usually be a survivorship universal life policy if the proceeds are to be used for estate tax purposes . Any life insurance policy you buy will require the same premium whether you put the policy in the trust or keep it outside of the trust . If you put the policy in the trust , the death benefit is not included in the calculation of the size of the estate - a substantial tax savings and key advantage in the estate planning process . If you keep the policy outside of the trust -LRB- e.g. , as owned by a natural person or a revocable trust -RRB- , the proceeds will be included in calculating the size of the estate you may inadvertently increase the size of the estate , and be subject to paying much higher estate taxes before any of the property can be distributed to your children or other beneficiaries . Consult with an experienced life insurance broker to discuss the available courses of action to set up a sound plan . Please feel free to contact me for help . Thanks very much . "}
{"input": "How Is Life Insurance Used In Estate Planning? ", "output": "That is an excellent question ! The best things about life insurance when it comes to estate planning are that first , it is n't taxable . It is an excellent way of transferring wealth without paying taxes . Second , it is usually not held up in probate , and therefore the funds are released to the beneficiary without any issues . That said , if your estate is a large one , you may need to put some thought into how the policy is structured , to avoid potential problems . Please consult an attorney , financial planner , or tax advisor , and your agent to be certain of the best route for you . Thanks for asking ! "}
{"input": "How Is Life Insurance Used In Estate Planning? ", "output": "Estate planning is the process used to distribute or dispose of one 's estate before and/or after one 's death . Life insurance is a financial product that pays out at death . Therefore , life insurance is good fit for estate planning . Some things that people look for in estate planning are simplicity , minimizing taxes , the ability to have control over their assets , contingencies for if they are incapacitated , and above all , the ability to pass their wealth on to whom they desire . Life insurance normally passes income tax free to the beneficiary of one 's choice , and once the policy is in place , there is little to nothing that has to be done to maintain it . Only the owner of the policy can change it . Therefore , life insurance meets many of the criteria that people look for when planning the disposal or transfer of their estate . "}
{"input": "How To Qualify For Long Term Disability Insurance? ", "output": "To qualify for Long Term Disability Insurance , you must earn an income and be of favorable enough health that you can qualify medically for the Disability Insurance policy . There are also some age guidelines . The process of qualifying includes filling out an application and taking an exam , just as you would if applying for life insurance . Once the underwriting review is complete , the premium is set , the policy is issued , and you put it into effect by paying the first premium . "}
{"input": "How To Qualify For Long Term Disability Insurance? ", "output": "Along with what Peggy said , please note that for some carriers you can get what 's called Simplified Underwriting . That means , if you fall under a certain age -LRB- usually 50 -RRB- , you can get up a certain amount of coverage without having to go through medical underwriting or without having to submit financial documents . Some carriers offer as much as $ 6,000 a month . They will , however , run a script check and obtain any medical records if necessary . "}
{"input": "Will Renters Insurance Cover My Iphone? ", "output": "Renters insurance is designed to cover sudden and accidental losses of named perils . Examples of named perils are fire , theft , lightning and vandalism . Your iPhone is considered personal property and would be covered by named perils on the policy . Check your deductible before filing a claim because the standard deductible is $ 500 so it may not make sense to file a claim . "}
{"input": "How To Get Life Insurance After Being Denied? ", "output": "You can still get life insurance . Which plan will depend on the reason for denial . There are some plans that do not ask if you have ever been denied insurance . If you can answer the rest of the health questions with a no answer you can get the insurance . I have a couple plans that ask no health questions at all . Just because you are denied insurance by one company does not mean you can not get insurance through another . "}
{"input": "How To Get Life Insurance After Being Denied? ", "output": "You can always buy life insurance , the real question is what you will pay for it . Most life companies look at your age , sex , smoking status and health issues when deciding whether to insure you or not . They can often charge a `` rating '' -LRB- a premium surcharge -RRB- for specific health problems . Some insurance companies haveguaranteedissue policies that ask no health questions but are expensive . Some companies offer a graded death benefit policy that pays you an increasing death benefit the longer you own the policy . Usually in the first year or two they will return your premiums paid plus interest . Then they will pay an increasing amount of the death benefit purchased until they reach 100 % of the face amount requested -LRB- generally with in 5-10 years -RRB- . There are two other possible options to look for if you are denied insurance . 1 . -RRB- Are you working ? Does the company that you work for have a life insurance plan they offer to their employees ? If not , would they be willing to look into one for the company ? 2 . -RRB- Remember Life insurance is a cash benefit payable to your beneficiary . You may elect to invest a monthly sum that you can afford into a deferred annuity . -LRB- simply put an annuity is a way to accumulate money for future goals -RRB- . Of course , the longer you can contribute the more will be payable at your death . "}
{"input": "How To Get Life Insurance After Being Denied? ", "output": "You probably get solicitations in the mail all the time , or see ads on TV saying `` you can not be turned down '' . While it is true there are some `` guaranteed issue '' life insurance plans , they are quite expensive when you compare the premium to the death benefit . A special risk agent can probably save you some money and let you know if you qualify for a medically underwritten plan . "}
{"input": "Who Started Medicare Advantage? ", "output": "The federal government started Medicare Advantage . In 1997 , the Balanced Budget Act gave Medicare recipients the option of receiving their benefits through private health plans , called `` Medicare + Choice '' or Medicare `` Part C. '' The named changed to Medicare Advantage when the Medicare Prescription Drug , Improvement and Modernization Act of 2003 added prescription drug coverage to Part C . "}
{"input": "What The Difference Between Medigap And Medicare Advantage? ", "output": "Medigap and Medicare Advantage are as different as apples and oranges . Medigap , also known as Medicare supplement , is designed to work in conjunction with original Medicare . Your original Medicare plan has no networks but does have deductibles and coinsurance that can leave you owing several thousand dollars . Medicare Advantage -LRB- formerly known as Medicare Part C -RRB- is a privately managed Medicare benefit offered by insurance carriers . With Medicare Advantage plans you have network providers , lower premiums than Medigap , and significantly higher out of pocket . "}
{"input": "How Much Home Insurance Should You Have? ", "output": "All home insurance carriers have replacement cost estimators designed to calculate replacement value of a home in the event of a catastrophe . Carriers do n't look at purchase price , appraised value or taxable value when calculating replacement cost . Often I have a customer tell me that their home is n't worth what we have it insured for or they could rebuilt it for less money . But they rarely factor the cost of replacing a home after a catastrophe when material and labor costs skyrocket . "}
{"input": "Does Renters Insurance Cover Stolen Jewelry? ", "output": "Most renters insurance provides some limited coverage for jewelry within the policy . Normally the amount of coverage provided by the policy is subject to the policy 's deductible . If you have a piece of jewelry that is valued at five hundred dollars or more you should talk to your agent aboout having that piece scheduled on an endorsement on the policy to provide the coverage that you need . "}
{"input": "Which Life Insurance Premiums Are Tax Deductible? ", "output": "Many premiums of insurance policies are tax deductible as a business expense . Life Insurance , disability insurance but deductions will have to be repaid , health . insurance only if used for medical expenses , and more pertaining to business expense only . Employers who take out insurance on the employees or as a group will receive the tax break but the beneficiaries will receive the benefits tax free . "}
{"input": "Can You Get Car Insurance Over The Internet? ", "output": "You can purchase car insurance on the internet . In fact , online auto insurance sales has been increasing every year . There are any experienced online brokers -LRB- such as myself -RRB- that offer the lowest available prices from top-rated companies . High-risk and preferred drivers can obtain very low rates by shopping the right way ! "}
{"input": "Can You Get Car Insurance Over The Internet? ", "output": "Great question ! It is certainly possible to get quotes , and even sign up for insurance over the internet . I would n't advise it though , and here 's why : Any decision that you make that will have to do with protecting your family or finances should be made with someone that you can see face to face , and discuss your thoughts and concerns with . A live agent will care for your needs in ways that an impersonal internet can not . And the agent does n't cost you even a penny more than the internet does . Thanks for asking ! "}
{"input": "Can You Get Car Insurance Over The Internet? ", "output": "I believe you can purchase auto insurance over the internet in most states . While that may seem convenient it is the same system that will adjust a claim when you have an accident . The most critical issue is that the setting the limits will be entirely up to you . When you have a claim and find that your limits are inadequate , any savings you realized will feel like a major expense . There are times in our lives when we really want to talk to someone , which is often difficult with a website . "}
{"input": "How To Decide How Much Renters Insurance To Get? ", "output": "To decide how much renters insurance to get you should sit down and do an inventory of everything you have that you would have to replace if there was a flood or fire . Be sure and figure the replacement cost of the property you own and not what you think it is worth . Also be sure and stipulate that you want a replacement value policy . "}
{"input": "What Is American General Life And Accident Insurance Company? ", "output": "American General Life and Accident Insurance Company -LRB- AGLA -RRB- merged with American General Life Insurance Company -LRB- AGL -RRB- on January 1 , 2013 . At this time , no policies are issued by American General Life and Accident Insurance Company . American General life insurance products , accidental death policies , and annuities are now all written under the American General Life Insurance Company -LRB- AGL -RRB- . "}
{"input": "How Much Is A Medicare Levy Surcharge? ", "output": "If you are a senior with a high income you will pay a surcharge in addition to your Medicare Part B premium . The penalty you pay varies depending on your income from two years prior . In 2013 your total Part B premium could range from $ 147 to $ 386 monthly . "}
{"input": "Will Insurance Cover Me If I Rent A Car From My Brother? ", "output": "Are you renting your brother 's pickup for personal or business purpose ? If for personal use , your policy will be excess based to your brother policy . For example , if there is an accident , your brother 's policy will go first and if limits are exhausted , your insurance will provide coverage on the top of your brother 's policy limits . If you rent the truck for the business purpose , make sure you have Hired/Non-Owned coverage endorsement on your business liability coverage or commercial auto policy . This coverage usually runs at $ 100 - $ 200 per year and provide a great deal of coverage for cars you borrow , rent or hire to use in business . You can compare personal and business liability and auto insurance quotes on WEBSITELINK "}
{"input": "Will Insurance Cover Me If I Rent A Car From My Brother? ", "output": "Your auto insurance policy will typically provide you with liability coverage when you are driving a vehicle other than your own . It will not however typically provide any physical damage coverage for the vehicle . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "What Is A Retirement Plan Sponsored By An Employer? ", "output": "Generally an employer sponsored qualified retirement plan under ERISA -LRB- Employee Retirement Income Security Act of 1974 . -RRB- can be a defined benefit or contribution plan . Most employer sponsored plans today are defined contributions plans like a 401 -LRB- k -RRB- that permits pretax contributions , tax deferral accumulations and distributions taxed as ordinary income . "}
{"input": "What Is A Retirement Plan Sponsored By An Employer? ", "output": "An employer sponsored retirement plan is a benefit of employment . It is designed to encourage loyalty among employees . This might be done with contributions on the part of the employer or may only be the facility for providing a place where employees can save for their own retirement . There can be a wide variety of plans available . "}
{"input": "Why Is Term Life Insurance The Best Type? ", "output": "Term Life Insurance is not the best type of life insurance for every situation . We get regular calls from people who thought they would only need life insurance for a temporary period of time . However , now they are thinking ahead to their final years , and worried about where the money will come from to bury them . If the need is not permanent , however , Term Life Insurance is best for its relatively low price tag . "}
{"input": "Why Is Term Life Insurance The Best Type? ", "output": "I ca n't say term life insurance is the best type of life insurance . It really depends on a person 's unique situation as to which type of life insurance is the best . Term life fills a specific need such as to create an instant estate at the untimely death of a primary wage earner or stay at home mother to replace income , payoff debt or educate children . I recommend meeting with an experienced independent life insurance broker to not only shop the market for you but determine which life insurance product you need to solve your unique issues . "}
{"input": "Does Obamacare Take From Medicare? ", "output": "Obamacare decreases funding for Medicare by more than $ 700 billion between now and 2020 . The cuts will be used to fund rebates for those under age 65 who either do not have insurance now or will be purchasing health insurance through the health insurance exchange -LRB- now called the marketplace -RRB- . The subsidies are for low income individuals . "}
{"input": "Can Annuities Be Inherited? ", "output": "Most definately yes that is one of the main strengths of annuities is the easy money transfers to the beneficiary . You have complete piece of mind that your heirs will inherit your money . This in many cases does away with potential probate courts and its cost . They can be changed should one of yours heirs passes before you . "}
{"input": "Can Annuities Be Inherited? ", "output": "Yes , annuities can be inherited . When the annuity is inherited during the annuitization stage , the recipients of the annuity payments will need to pay income tax on the payments according to the tax bracket they are in . The annuity must be the type of annuity that is paid out for a certain period and not the lifetime income annuity ; otherwise , the annuity payments would end when the annuitant 's life ended . "}
{"input": "How Much Is New York Car Insurance? ", "output": "New York auto insurance premiums vary throughout the state . Rates downstate and in the five boroughs tend to be higher than upstate . It all depends on your coverage limits , credit score , ticket/accident activity and if there has been any lapse in coverage . If you are interested in a quote , I have a variety of auto insurance carriers in New York . Contact me at fwinterle@creativeins.net . "}
{"input": "How Much Is New York Car Insurance? ", "output": "Most agents and brokers in New York use either the carrier websites or an online rating program to develop auto insurabnce quotes . Somewhere between 50 and 60 pieces of information are required just to select the rating ` tiers ' the carriers use . Some carriers have only 15 to 20tiers and some have over 100 . Your data isentered into the program . The carrier 's program uses this data to selectyour rating tier . Some factors such as : own or rent your home , gender , age , number of years licensed , driving record , credit profile , claims history -LRB- not only auto but property insurance claimsmay also be figured in ... -RRB- and on and on . Several years ago , only your driving record and claims history were the major factors involved . Today , your credit profile has a very major impact on how much you will pay - some carriers will not even develop a quote if your credit profile is not within their tolerances . So keep your credit score and profile as good as possible . Always ask your agent or broker for a ` guaranteed ' quote as some rating programs may not come up with a final ` guaranteed ' quote unless the agent or broker pays some fees for the data retrieval -LRB- of the credit data , claims data , and DMV extracts -RRB- to their system vendor or their carrier . In New York , insurance quote retrievals of your credit data are considered a ` no-hit ' to your credit status so you can ask several compnies to quote your insurance without penalty to your credit . "}
{"input": "Why Is My Car Insurance Claim Being Investigated? ", "output": "Hard to answer such a question without any details . But in general , I would n't worry too much about it . Fraud is so out of control , that they have to investigate certain claims . During the claims process , companies have their set of `` red flags '' that triggers further investigation . As long as you have nothing to hide , you should n't worry about it too much . They may ask for things such as : - bank statements - proof of residency - receipt from last oil change - etc. , etc. , etc. . Sometimes innocent minor things can trigger a red flag , and it ends up being no big deal . Other times , fraud is suspected . And sometimes , a high dollar amount of loss can trigger an investigation simply for due diligence . So do n't sweat it . If you have nothing to hide , give them what they want and you should be fine . "}
{"input": "Can A Deferred Annuity Be Surrendered? ", "output": "Can a deferred annuity be surrendered ? Short answer is yes , but before deciding to surrender you need to check to see if there are any surrender penalties involved . In many cases annuities can have a ten year long surrender window . Also there may be tax implications in the surrender depending on how long you 've had it and if you 're liquidating vs. transferring . "}
{"input": "Can A Deferred Annuity Be Surrendered? ", "output": "Most deferred annuities can be surrendered . Once the contract annuitizes or starts paying a monthly income for life , most contracts can not be surrendered . In reality most deferred annuities are surrendered . The earnings of the plan are tax deferred and might present substantial advantages to the owner . "}
{"input": "Can A Deferred Annuity Be Surrendered? ", "output": "That is a great question ! They can , but it may not be your best option , depending upon how long you 've had the annuity . Anytime you surrender an annuity , you will pay some form of fee or charge . -LRB- The insurance company does this to recapture some of the lost income they would have generated , and cover costs . -RRB- Your annuity in the first years will have a `` surrender period '' where these charges are very steep . They do this , as an incentive for you to actually derive a benefit from your annuity . The charges can vary widely , but generally start at 10 % plus fees , and gradually reduce as time goes on . If there was a bonus added to your annuity , this amount typically is removed or reduced also . You could stand to lose a big chunk of what you 'd invested . If you need quick cash , there are some better ways . If you would like to contact me , I 'd be happy to go over this in more detail with you . Thank you for asking ! "}
{"input": "How To Sign Up For Medigap? ", "output": "The best way to buy a Medigap plan is to do it through an independent broker who can compare multiple options to find you the desired plan at the lowest possible cost -LRB- brokers do not charge any fees for their services -RRB- - I can help you with this as my background is in senior life and health insurance -LRB- including Medigap plans -RRB- . If you 're new to Medicare , you have a 6-month initial enrollment period where you can sign up for any Medigap plan from any carrier without any medical underwriting , meaning they are guaranteed issue . Give me a call and I will help you get your Medigap plan set up . Thanks very much . "}
{"input": "How To Sign Up For Medigap? ", "output": "Using an independent insurance agent specializing in Medicare Supplement insurance -LRB- Medigap -RRB- is a great way to buy a plan . This type of agent can personally work with you to make sure you get the benefits you desire at a great price . If you are new to Medicare and still in your Initial Enrollment Period , you do not have to answer any health questions to purchase a policy . Once the Initial Enrollment Period Ends , you are required to answer medical questions with the insurance company . There are also situations where you may be in a Special Election Period and that would also mean you could buy a policy without going through Medical underwriting . A Medicare Supplement Specialist can help you with all these types of details . It 's our job to do all the work and let you simply decide which Plan you want to buy . It 's also our job to make sure we are checking in with you throughout the year and providing you with a rate review when your policy renews . That way we can make sure your premium is always in a good position . Thank you for taking the time to read my response . Please let me know if I can be of further assistance . "}
{"input": "Can I Get Car Insurance Online? ", "output": "Yes the internet is flooded with thousands of insurance companies , insurance brokers , agents offering auto insurance rates online . It just takes a few minutes and few clicks on the mouse . The best thing about getting auto insurance is the competition among the carriers . Because of such competition , many of them offer the cheapest auto insurance rates for you . Shopping for the best auto insurance rates on the internet allows you the option whether or not to talk to an agent as well . Make sure when online have your old policy ready so you can refer to it for some of the questions you will have to answer . When buying a policy online or offline make sure you fully disclose your driving record . In some States while youre at it , check your credit score . Some auto insurance companies will not run your driving record at the time of purchase but they will run it on the back end and once they find out about your driving history and your credit , your rates will increase . So do the research before you buy . "}
{"input": "How To Buy Term Life Insurance? ", "output": "Term Life Insurance can be purchased from any company for it is life insurance except that term insurance is only for a specified period of 10 , 15 , 25 , or 30 years depending on policy . Term insurance cost less but does not build a cash value and is not until the life of the policyholder . However , term insurance is still a great benefit . I also specialize in term insurance . I know of many other coverages that are added to term policies in order to make then more unique and beneficial such as child riders and other income options . "}
{"input": "How To Buy Term Life Insurance? ", "output": "To buy Term life insurance , you must start out finding the policy for which you want to apply . You can go to websites that have free quote engines to start your search . If instant quotes are provided , you can change the face amount and term length to get an idea of prices . Then talk to an agent or representative of that website to confirm the best policy for your particular age , gender , build , smoking status , health , and other risk factors . Once you have selected a policy , you can complete an application by paper or online . Some policies do not require an exam , while others will require a free life insurance exam . When everything has been completed and the underwriter has had time to review your exam -LRB- sometimes , the insurance company will also order your medical records -RRB- , they will approve your policy at a certain rating . With our agency , if that rating is higher than we expected , we help you adjust the policy to fit your budget . Once the first premium is paid , your policy is in effect and locked in for the length of your Term policy . "}
{"input": "How To Buy Term Life Insurance? ", "output": "The most common way to purchase term life insurance is by filling out an application , either prompted by a broker or an online application which may or may not be initiated by a broker . The application length depends on the insurance company you are applying with , whether or not it is a simplified issue or fully underwritten policy . A pa ramedical may or may not be required . "}
{"input": "Can Diabetics Get Long Term Care Insurance? ", "output": "Diabetics can get Long Term Care Insurance under some conditions . They key for people with diabetes to getting Long Term Care Insurance , Disability Insurance , or Life Insurance is diabetic CONTROL . If you have a history of A1C under 8 and no side effects from your diabetes , getting a traditional long term care policy is possible . However , some LTC policies do exclude the use of insulin , regardless of control . "}
{"input": "Can I Change My Home Insurance At Any Time? ", "output": "Unless you have some sort of special agreement with your lender or other party , homeowners insurance is an at will product . This means that you can normally change carriers at any time that you wish . Find a local agent and carrier that you are comfortable with and verify that you are getting the coverages that you need or want before changing carriers or agents . "}
{"input": "What Do You Pay For Health Insurance? ", "output": "That 's a great question ! With your health insurance there are usually 3 parts that you pay - The premium , the deductible , and the co-pay . The premium is the amount that you pay monthly for the insurance . The deductible and co-pay are portions of the cost of the medical service that you share with the insurance company . The cost of your premium will normally increase with a low deductible , and decrease as you accept a greater part of the cost with a higher deductible . The actual cost of what you will pay will depend upon the company , policy , and amount of deductible and co-pay that you choose . When open enrollment comes back around this fall , go to the Affordable Care Act -LRB- Obamacare -RRB- site , and see if you can qualify for a subsidized policy on the site . Millions have found that they can get affordable coverage there . Thank you for asking ! "}
{"input": "What Do You Pay For Health Insurance? ", "output": "How much you should be paying is a hard figure to try and quantify . 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 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 feel free to contact me for further assistance . Thanks very much . "}
{"input": "What Do You Pay For Health Insurance? ", "output": "I 'll keep this answer short and sweet ! As an experienced health insurance broker -LRB- 33 years -RRB- , this question is quite common . You may pay nothing at all -LRB- if you qualify for a full subsidy -RRB- or you may pay up to $ 1000 per month -LRB- or more -RRB- . There are many variables that determine your rate . But by shopping and comparing with an experienced broker , you 'll get the best rates , view the best available plans and get expert and unbiased advice . "}
{"input": "How Can I Get Health Insurance Online In Texas? ", "output": "Recommend that you go to www.healthcare.gov but if you did not have an application started by March 31st or if you are not eligible for a Special Enrollment Period you may have to wait till regular annual open enrollment which is in November . Feel free to contact me if you have any questions ! "}
{"input": "How Can I Get Health Insurance Online In Texas? ", "output": "If you are able to get on the Healthcare.gov site today , start an account . If you can at least get that far , then there is a few day extension that gives you a little more time to finish , if the site continues to be bogged down with last minute shoppers . There are several non-government sites that you can shop in , but it is not always the case that the prices and/or coverages are comparable , nor might they offer the payment assistance that you may qualify for on the Government site . That is not to say that you could n't find a good policy , it 's just wise to compare before buying , just as you should any major purchase . Please contact me through my link , if you have more questions . "}
{"input": "How Can I Get Health Insurance Online In Texas? ", "output": "You can get health insurance online in Texas ! The easiest and most efficient way to obtain the best rates and best coverage is through an experienced broker . That 's our job and why we have top-rated websites . The . gov website is still not free from glitches , delays and security concerns . And most experienced health insurance brokers can offer `` off-Exchange '' plans which you can not get through the government website . A broker will help determine the amount of your federal subsidy , so you can view how much your Texas health insurance rate will reduce and which options are the best . If you missed Open Enrollment , a broker can review short-term plan options and other viable choices . "}
{"input": "How Can I Get Health Insurance Online In Texas? ", "output": "There are several independent agencies -LRB- such as ours -RRB- that have websites that allow people to run health insurance quotes online and you can be reviewing plans in about a minute or two . It gives you instant information on plans from the major carriers and you can follow up with a licensed agent to get your questions answered . On our website it is under the `` other '' tab to go to under 65 health insurance . It is a great way to save a lot of time and get a full understanding of what health insurance plans are available in Texas . "}
{"input": "What Is The Average Cost For Renters Insurance? ", "output": "That is going to depend on many factors . Some of these factors are geography , age of the building , construction of the building , number of untis , alarm and fire systems within the complex and many others . During my time of handling this type of insurance in my opion I would say that the average is around seven to twenty dollars per thousand dollars of coverage for your personal property . "}
{"input": "How To Deduct Long Term Care Insurance From Taxes? ", "output": "Very generally speaking , if you are an individual who is paying your own long term care premiums , you would add the premiums to your other medical expenses for that year , and itemize those medical expenses as you would normally do . If you are self employed , you are allowed to deduct 100 % of your long term care premiums as a business expense . There are many additions and variations of this , but this is how to deduct long term care insurance in two situations . "}
{"input": "What Are Bonus Annuities? ", "output": "Tax deferred annuities have differing crediting methods : interest rate crediting , indexed crediting and separate sub account crediting and debiting , i.e. you could lose money . But in addition to crediting methods , some annuities actually credited a one year bonus at the beginning of the terms of the annuity . That bonus is generally applicable for the guaranteed income rider or vested over the contract period of the annuity . "}
{"input": "Where To Invest 401K After Retirement? ", "output": "That is a great question ! A really great question , and if there were just one great answer , everyone would be doing it , and there would be no seniors living in poverty -LRB- 55 % of all Seniors live at or below poverty level , according to the 2012 Census -RRB- . To give you an answer that would work for you , I 'd need to know what assets you have , where they are located , how liquid they are , what your risk tolerance is , what your retirement goals are , how your insurance protection is , your health and your spouses health status , and more . To give you a generic answer ? Somewhere where the bulk is protected yet fairly liquid , with the opportunity to draw a steady income from in the best tax advantaged way . If you would like to contact me with more specifics , I 'd be happy to give you some better advice . Thanks for asking ! "}
{"input": "Where To Invest 401K After Retirement? ", "output": "As you approach retirement you should try to find a planner who is willing to help you with retirement income planning . This is an emerging field but addresses the issue that you have raised . Converting your assets into something that you can spend is critical and advice is usually important . As a holding instrument you can roll proceeds of a 401 -LRB- K -RRB- into an IRA . You dont gain anything tax wise in doing a roll-over , however , you might gain greater control of your asset and an increased ability to plan disbursing money . "}
{"input": "Where To Invest 401K After Retirement? ", "output": "The appropriate answer here is '' anywhere you want to invest your 401k assets . '' I mean who are you ? What are your goals ? What have you been investing your 401k in ? How can any adviser tell you where to invest after retirement without knowing you ? Sorry , but I think this is a dumb question . Usually , people roll 401k assets over into an IRA . Some employers allow you to stay put and keep your current investments . "}
{"input": "Will Homeowners Insurance Cover Wet Basement? ", "output": "This depends on the cause . If water is seeping though the walls , it typically is not covered as that would be considered maintenance . If the water is due to flood , it would only be covered under a flood policy . If the damage was due to a busted pipe or water heater , it would normally be covered . Repairs for common damp basements are not covered by homeowners insurance . "}
{"input": "Will Homeowners Insurance Cover Wet Basement? ", "output": "This really depends on a few factors . First , was this a sudden and accidental occurrence or did it happen over time ? Secondly , did the water enter from outside your home or did it come from inside ? Lastly , do you have coverage for water/sewer backup ? Many companies will offer this as an option . If the water enters from outside your home , the insurance company will treat this the same as a flood , which will not be covered unless you have flood insurance . The only exception to this rule is if it backs up through your sewer or sump AND you have water/sewer backup coverage on your policy . This still must be sudden and accidental such as during a period of heavy rain . If the water is slowly seeping through the walls or floor , they will not cover this as it 's deemed a maintenance problem , not an occurrence . If the water comes from inside your home , such as a burst pipe , they will normally cover the damage it causes . Water claims have become very common and insurance companies are paying much more attention to them to make sure they should be covering them . Your homeowners policy is intended to protect you from the sudden and accidental . Many people seem to think that it 's an excuse to avoid maintaining their homes . To avoid any problems at claim time , be sure your home is maintained , it will cost you a lot less in the long run . "}
{"input": "How Long Can I Be On My Parents Health Insurance? ", "output": "Under the Affordable Care Act , if your plan covers children , you can add or keep your children on your health insurance policy until they turn 26 years old . There is one temporary exception : Until 2014 , `` grandfathered '' group plans do not have to offer dependent coverage up to age 26 if a young adult is eligible for group coverage outside their parents plan . Also , I would check with the state in which you live . For example , Florida enacted legislation in 2008 that allows dependent children to continue their dependent coverage up to the end of the calendar year in which they turn 30 years old , based on eligibility guidelines . "}
{"input": "What Do I Need To Get A Home Insurance Quote? ", "output": "It is pretty easy to obtain a quote . Be prepared with the proper address of the property . Pretty detailed information about the house is available in public municipal records , but be prepared tosupply your agent with details : The construction year of the house , where it is in relation to a hydrant or other year round water supply , if the house has special features . Also , tellyour agent if the house has a security alarm.With some companies , it may be beneficial to you if there have been recent upgrades made to the roof , HVAC , plumbing or electrical systems . "}
{"input": "Does Charles Schwab Offer Life Insurance? ", "output": "Charles Schwab offers life insurance from other carriers . On their website they state : `` Charles Schwab & Co. , Inc. -LRB- ` Schwab ' -RRB- , in association with the Small Business Insurance Agency , Inc. -LRB- ` SBIA ' -RRB- , provides customers with access to term life insurance issued by leading insurance companies . Schwab and SBIA are licensed insurance agencies . '' "}
{"input": "How To Bury Someone With No Life Insurance? ", "output": "It is a challenge to come up with the money to bury someone who does not have life insurance or cash saved up for that event . Even with good intentions , savings can become depleted , putting family and friends in a difficult position . Most of the clients we 've had who have been involved in that type of situation , said they have taken up a collection among the family to bury their deceased relative . However , there are a few sources where you can help supplement funeral and burial costs . Social Security will pay a lump sum of $ 255 for a funeral if the deceased person qualified for SS benefits . Veterans can be buried for free in one of the nation 's 131 national cemeteries , and there are burial funds available for some eligible veterans . Read the criteria for receiving these benefits here : h WEBSITELINK Funeral homes like to be paid quickly , but you could reimburse those who donated after holding a sale of the deceased person 's belongings . Or perhaps memorials given could be applied toward the burial costs . Keep in mind that you can take out a policy on a parent , grandparent or other person for whom the costs of burial might fall on your shoulders . They just have to agree to and sign the policy . Perhaps if they understand the hardship being uninsured can put on their loved ones , they might consent to taking this step . "}
{"input": "What Is FIO In Disability Insurance? ", "output": "FIO in Disability Insurance stands for Future Income Options . A future income option rider allows the insured person to purchase additional disability insurance as their income grows in their career , without having to qualify for it through medical underwriting . Being able to get additional coverage at the rates while having good health can be a huge benefit . "}
{"input": "Is Long Term Care Insurance Subject To ERISA? ", "output": "Yes , Group Long Term Care Insurance is subject to ERISA , the Employment Retirement Income Security Act of 1974 . As Baby Boomers age and more long term care policies are being used , ERISA will come into play more and more in deciding what is a legitimate long term care claim . "}
{"input": "What Does Life Insurance Cover? ", "output": "Life insurance covers death by any reason -LRB- except suicide in the first two years -RRB- . That is whether death occurs by accident , illness , or `` old age '' . There may be some exclusions as death due to an act of war , or death that occurs during the act of committing a felony . Life Insurance covers a person -LRB- called the Insured -RRB- , and when the Insured dies , it pays the face amount of the life insurance to the Beneficiary . "}
{"input": "Can People With Ms Get Long Term Care Insurance? ", "output": "People with MS can not get traditional long term care policies , but some people with multiple sclerosis can get life insurance policies with `` living benefits '' that will provide money for extended care needs . Also , there are riders on some traditional life insurance polices that allow the death benefit to be used for long term care type needs while the insured person is still alive . When MS is very mild , it may be possible to purchase a life insurance policy with that type of rider . "}
{"input": "Can Car Insurance Be Cancelled? ", "output": "Yes , It can be cancelled by the insured or the carrier can cancell or non-renew your policy for various reasons . Auto insurance is an at will product for the insured , which means that the insured could cancell the policy at any time that they wish . Please make certain that you secure coverage with another carrier before cancelling coverage with your current carrier to protect yourself properly . "}
{"input": "How Much Does The Average Person Pay For Life Insurance? ", "output": "The cost of Life insurance is dependent upon your health , vocation , smoking status and coverage period of your Survivor 's need for cash upon your death . Term plans are very inexpensive because very few insureds die during the coverage period . Permanent plans are more expensive because 100 % of the Surviving beneficiaries will receive its death benefit . Company Actuaries determine the rates for coverages using statistical information matching risk of death of an insured during the coverage period of the plan . "}
{"input": "How Much Does The Average Person Pay For Life Insurance? ", "output": "If there is an average I would have to say most people have around $ 80 per month in life insurance . But there is no real tracking of an average that I know of . Some have $ 20 and many pay several thousand dollars per month for life insurance . The important thing is to do a fact finder and see how much you need and what kind . Then see if that will fit in your budget . "}
{"input": "How Much Does The Average Person Pay For Life Insurance? ", "output": "How much does the average person pay for life insurance ? Based on my 32 years in the business as a broker -LRB- and there is no right or best answer -RRB- , I would estimate between $ 15 and $ 150 per month . This is , of course , `` per person . '' Term policies are much cheaper than permanent policies and of course that would impact the amount each person pays . And ... each person has different amounts of coverage they carry . You can purchase term coverage for under $ 100 per year depending on age and face amount . But because of economies of scale , that may not be such a good idea . You may be able to double the coverage for slightly more . Quite simply , there will be tremendous variations in the amount that consumers pay for their coverage . A fully-licensed -LRB- full-time -RRB- broker will help you find the lowest prices . "}
{"input": "How Much Does The Average Person Pay For Life Insurance? ", "output": "Life insurance premiums are priced by gender , health condition , smoking status , amount of death benefit and the length in time of coverage . Male and female that are 25 years old and in super preferred health can pay $ 75 - $ 85 a year for ten year term life insurance for $ 100,000 worth of coverage . "}
{"input": "How Old Do I Need To Be To Get Critical Illness Insurance? ", "output": "Some carriers will issue critical illness policies on children , but usually only as a dependent , not the primary insured . As a general rule anyone age 19 or older can apply for a critical illness policy . Not all critical illness policies are alike . Be sure to get one that is health insurance , and not a rider to a life insurance plan . "}
{"input": "How Much Is NYS Disability Insurance? ", "output": "The charge that can be made to employees receiving Disability Insurance under the New York Disability Benefits Law , to help offset the rate the employers pay , is 1/2 of 1 % or 60 cents per week , whichever is lower . The maximum of 60 cents per week applies even if the employee is working two or more jobs . "}
{"input": "How Do You Plan Your Retirement? ", "output": "Retirement planning is paying yourself first . Whether you use a qualified plan or non-qualified plan you need to determine your tax bracket . And if you 're investing in the market , you need to determine your risk tolerance . Plans have differing contribution limits , so you need to establish the amount of contributions , when will you retire and your life expectancy . "}
{"input": "How Do You Plan Your Retirement? ", "output": "First of all , put money in tax advantage accounts . Deposit funds into Roth-IRAs , municipal bonds , life insurance policies and 529 college savings plans if you have kids . When clients open these accounts , they normally do not have to pay taxes when the money is withdrawn . Why ? The client is contributing to these accounts with after-tax dollars . Next , protect yourself by obtaining disability insurance , long term care coverage , health insurance and buy life insurance . Clients need life insurance so that loved ones can pay the bills and have funds to provide for the family . The long term coverage will help just in case a client needs care in a nursing home . Reduce your liabilities as soon as possible . Get out of debt and stay out of debt . Set aside at least three to six months of your monthly salary . There might be a change in employment , there might be an accident , or repairs to the home or car . Here is a brief overview that will help clients plan for retirement . Start early . For example , if you save $ 10 a day for 30 years and invest the money at 8 % per year , you would have almost $ 450,000 for retirement . Moreover , if clients saved $ 20 a day for 30 years at the same rate , he or she would have almost $ 900,000 for retirement . This is why the concept of using tax advantage accounts is so important . Here is a good rule of thumb when planning for retirement . According to the Financial Analysts Journal , `` Americans need to save 22 times their income '' to retire comfortably . What does this mean ? Clients that make $ 40,000 a year , need $ 880,000 when they retire -LRB- i.e. $ 40,000 x 22 -RRB- . Keep in mind that this is only a tool to use that will help you with your retirement planning . Finally , clients need to take into consideration their home mortgage balance -LRB- s -RRB- , the kids college education costs and life insurance needs . I will be glad to help you meet your retirement planning goals . I listen to all my clients first . Then , we develop a plan and then we execute that plan . I can be reached at 912-631-3186 . "}
{"input": "What Is Home Insurance Dwelling Coverage? ", "output": "Generally speaking , there are three elements included in a Homeowners ' Policy . The first is dwelling coverage . This covers damage to the building , your home . The second is Personal Property coverage which covers damage or loss of your personal belongings whether inside or outside of your home . The third is Liability coverage which protects you in the event you do something that causes damage to someone else 's property or injury to another person . "}
{"input": "How To Get Group Health Insurance For Self Employed? ", "output": "Technically you ca n't in all but a few states . To form a group under the regulations of virtually all states you have to have an employer-employee relationship which at a minimum requires two people , the employer and at least one common law employee -LRB- generally a W2 status employee -RRB- . Colorado and Delaware do appear to be states that make provisions for a self-employed person to purchase health insurance on agroup contract basis . This is one of the issues the Affordable Care Act essentially dealt with beginning on January 1 , 2014 when it 's provisions eliminated pre-existing condition exclusions and being declined for coverage in the individual and group marketplaces . So , other than the fact that the open enrollment season concluded on March 31st , 2014 there is now no legal prohibition preventing a self-employed person from getting individual health insurance . This does not mean , however , that states have changed their individual laws regarding eligibility for group contracts and to the best of my knowledge no states have changed their policies in this regard . There are still a few industry association group health plans in existence but they have become increasingly rare over the years . For most self-employed persons reading this answer your best option and generally your only option will be to purchase individual health insurance . "}
{"input": "Can You Use Life Insurance As Collateral? ", "output": "Yes , you can use life insurance as collateral . Many lenders require purchase of Term life insurance as collateral for individuals to obtain small business loans . The insured person and lender simply sign a collateral assignment form that assigns to the lender the amount of life insurance that is needed to cover repayment of the loan . The remainder of the death benefit is paid to the beneficiary of the borrower 's choice . Sometimes business use life insurance on a key employee to obtain business expansion loans . "}
{"input": "What Does Dave Ramsey Say About Long Term Care Insurance? ", "output": "In an article by Dave Ramsey published on Nov 13 , 2012 , for FOXBusiness , Dave answers the question , `` Is there a point where you can self-insure for long term care needs without a policy ? '' His advice is that , unless you have $ 20M in liquid assets and have $ 2M to $ 3M to set aside for long term care , go ahead and transfer that risk to a long term care insurance policy that you purchase by age 60 . "}
{"input": "What Does Dave Ramsey Say About Long Term Care Insurance? ", "output": "Dave promotes buying term life insurance , paying off your debt and investing the difference in mutual funds . Based on his disciplined middle class approach , he feels that you can self-insure for extended care later on in retirement . He has expressed his concerns on the price tag of long term care insurance and feels its generally not the best value proposition . "}
{"input": "Is Geico A Good Home Insurance Company? ", "output": "-- > Normal 0 -- > -- > Im not sure I can agree with the statement The lowest premium will be afforded to those that purchase home insurance direct from a carrier . There are just too many variables for one to draw that conclusion . Homeowners policies are not identical , they consist of 40-50 pages of numbers and words most insurance buyers have little interest in reading , until there is a claim . To determine what many of the words mean , you must refer to court cases and rulings , which are not part of the policy . Buying insurance is easy but buying the proper insurance is a complicated process . Insurance buyers need a competent professional intermediary ; someone with knows the ups , downs , ins and outs of securing and maintaining the proper insurance coverage under the most favorable terms . I have little confidence that intermediary would be someone sitting at a computer terminal in some far off place who knows nothing about me or my community . You may be better off with your local insurance professional . "}
{"input": "Is Geico A Good Home Insurance Company? ", "output": "Geico Insurance Company is a preferred underwriter for Auto Insurance ; Geico is not a Home Insurance Company ; however , they own an internal agency which acts as a broker for alternate insurance carriers with whom they place home insurance . If one were to purchase auto insurance ` Direct ' with Geico presumably to obtain a lower premium rate with a preferred carrier ; then why would n't the same principal apply to home insurance ? The lowest premium will be afforded to those that purchase home insurance direct from a carrier . It is uncommon to find an auto insurance company and home insurance company anywhere in the country that will offer both the cheapest auto insurance and cheapest home insurance ; thus , the need for package discounts to try and sell the alternate policy . We have devised a link to provide an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK If there are any unanswered questions , it is important to contact a licensed professional to inquire further . "}
{"input": "How To Make Car Insurance Quotes Cheaper? ", "output": "A great deal of information used in an auto quote is automated . The program knows who the drivers are in the household , what cars are registered to the address and the losses and driving records are easily obtained . In California we also get the estimated annual mileage for every vehicle . It is very difficult to manipulate the data as so much is public information . "}
{"input": "How To Make Car Insurance Quotes Cheaper? ", "output": "That is a great question ! Please remember that quotes are just that - an effort to get you to purchase their product , and not an actual price . The best way to get lower quotes is to seek more of them , and do n't be afraid to tell one company that another beats their price . A good way to lower your auto insurance cost is to look at the company that your life or homeowners insurance is with . Bundling your policies with one company will often lower the prices them . A good driving record never hurts also ... Thanks for asking ! "}
{"input": "How To Reinstate A Life Insurance Policy? ", "output": "A few points to remember here : 1 -RRB- initially , reinstatement does not require medical underwriting . This is your incentive to move quickly in case your health has changed . 2 -RRB- after this initial phase , medical underwriting may be required . You will then have to determine whether or not this carrier would give you the best deal . Perhaps another carrier would make a better offer . "}
{"input": "How To Reinstate A Life Insurance Policy? ", "output": "To reinstate a life insurance policy , you must first procure a reinstatement form from the life insurance company , or from the agent who sold you the policy . It will ask a lot of health questions , because being eligible for reinstatement requires that your health has not deteriorated since you took out the original policy . After you send that completed form back to the insurance company , it can take several weeks for them to review it , and decide whether or not you are allowed the reinstatement of your life insurance policy . If they say yes , you must pay all the premiums back to when the policy lapsed , to catch it up to the present . Your life insurance policy will be reinstated exactly to what it was when you first bought it . "}
{"input": "Who Assumes The Risk In A Variable Annuity? ", "output": "In Canada , variable annuities are often referred to as segregated funds or seg funds . They are similar to mutual funds , but since they are issued by insurance companies that have certain maturity and death benefits guarantees . Some even include locking in or resetting of the guarantees to `` lock in '' market gain . The insurance company does provide some guarantees , however , any amount that is allocated to a segregated fund is invested at the risk of the policy owner and may increase or decrease in value . A description of the key features of the segregated fund policy issued by the insurance company is contained in the information folder . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "Will My Health Insurance Work In Europe? ", "output": "Excellent question ! You should check the basic terms of coverage in your health insurance policy and a call to customer service might not be a bad idea . As with everything else in health insurance these days , things are changing rapidly . It comes as a surprise to many people that their individual or group health insurance may not provide coverage outside of the United States . Internal policies vary between health insurance carriers and they could even vary depending upon your employer and whether they have designed such coverage into their group health plan . You would be safest to start out with the assumption that you are not covered and that you would want to purchase a specialty policy to cover you during the term of visit outside of the UnitedStates . The length and purpose of your stay may also have a bearing on your coverage . Going to Bermuda for two weeks on vacation may be viewed far differently than going on a 6-month mission to Nigeria for example . An insurance broker or travel agent should be able to tell you more about these policies . "}
{"input": "How Are Premiums Invested In A Fixed Annuity? ", "output": "In a fixed annuity the funds are invested in the general account of the insurance company . These funds are invested so that the company can make the future payments that are promised . Companies often offer alternatives to their fixed account . These range all the way to a variable account where the owner of the annuity can select specific funds . "}
{"input": "Is Velcade Covered By Medicare? ", "output": "Velcade is used to treat Multiple Myeloma and Mantle Cell Myeloma . In most situations , Velcade is administered in your doctors office or clinic and would be covered under Medicare Part B . If you have Medicare supplement plan F your share for the drug would be $ 0 . Other plans would require cost sharing . "}
{"input": "What Does A Life Insurance Urine Test Test For? ", "output": "Urinalysis -LRB- UA -RRB- is used by life insurance companies to detect presence of disease when applying for medically underwritten policies . Urine tests used can point to the possibility of kidney disease , UTI , diabetes , liver disease , inflammation , even cancer . Sometimes excessive exercise or dieting can affect the HOS , so try to drink a lot of water , avoid alcohol , eat balanced meals , and avoid excessive exercise in the days before your urine test . Life insurance also uses urine to test for drug and tobacco use . If you use opoids -LRB- codeine , morphine , methadone , etc -RRB- for pain , or marijuana for medical or recreational use , explain that on your application or to the examiner collecting your urine sample . And keep in mind that cotinine -LRB- a metabolite of nicotine that is detected in urine and blood -RRB- can stay in the body for a long time after using tobacco . It is best to disclose all health conditions , medications , and tobacco use to your agent ahead of time , rather than have it be a surprise on your life insurance exam . That way you can be matched with the company that will give you the best rate , your underwriter will rate you as good as possible due to your honesty , and your policy will pay out if something happens to you . "}
{"input": "What Does A Life Insurance Urine Test Test For? ", "output": "A urine test is one of the easiest and affordable ways a life insurance underwriter can take a `` snap shot '' of a person 's health . It is usually required when purchasing fullyunderwritten life insurance . The most common things the underwriter is looking for is diabetes , proteins and drug use among other indicators that blood either will not show or is more expensive to test for than urine . Underwriters give actuaries the best odds of whether a person is a higher risk to die at a certain age than average . "}
{"input": "How Much Disability Insurance Can You Buy? ", "output": "How much disability insurance can you buy ? Well , here 's a secret that not many people know about . Normally , if you have group insurance and individual disabiliy insurance , it 's a combination between the two till you hit 70 % of your income.So if your group covers 60 % of your income , your individual will top out at 10 % . Now , if you have no group disability in place when you purchase individual , you can get up to 70 % in income covered . Then if you join a group plan , the two combine and can push the total well over 100 % of your income . So if you know kids finishing college or advanced schooling , get them to consider disability now ! before they go to work . "}
{"input": "How Much Disability Insurance Can You Buy? ", "output": "There are several benefit triggers for disability insurance that may impact the level of benefit you can purchase . Most carriers will limit the monthly benefit to a percentage of your monthly gross income . The percentage ranges from 50 % to 70 % . There will also be a hard dollar cap that may apply to people with higher incomes . The policy elimination period comes into play most frequently , as most disabilities have a very short duration . Shorter elimination periods often result in more frequent , and larger claims payments . "}
{"input": "How Much Disability Insurance Can You Buy? ", "output": "For some people , private disability insurance that covers 60-70 % of your income is n't enough to feel financially secure . In those cases , it 's recommended that you look into retirement security disability insurance . People forget that when you go out on claim , your contributions to your 401k or other retirement funds are stopped . Retirement DI will continue to pay a benefit to your retirement savings . Also , it 's good to look into critical illness insurance for the extra lump sum payout while you 're waiting for your individual DI elimination period to pass . "}
{"input": "How Much Disability Insurance Can You Buy? ", "output": "When purchasing disability insurance the answer depends . Most short term disability plans have a set dollar amount that can be paid daily , weekly or monthly not to exceed 70 % of your income . On long term disability plans it is usually up to 70 % of your current income . There are plans that have lower maximums . Be sure and shop for the plans up to 70 % . The answer to your question is as much as you can afford over the long term up to these amounts . "}
{"input": "What Percentage Of Americans Have A Retirement Plan? ", "output": "Back in 2010 a report cited in the New York Times said that 75 % of those nearing retirement , i.e. baby boomers , had an average of $ 30,000 in their retirement accounts . Almost half will by on an unsustainable food budget of $ 5 per person . Social Security for the middle class will be the main retirement income source . "}
{"input": "How Much Life Insurance Do I Need And What Kind? ", "output": "The amount and type of life insurance you need depends on what you want your life insurance to accomplish . If it is for a temporary need such as getting your kids through college or paying off your house , a Term policy is a reasonably priced way of getting that amount of coverage . If you want to pay for your funeral , a smaller , Whole Life or Guaranteed No Lapse Universal Life policy would be a better choice . You should work with an agent you trust to consider your needs , and who will shop among multiple choices to find your best price for the best policy to suit those needs . "}
{"input": "How Much Life Insurance Do I Need And What Kind? ", "output": "There is no one answer to this question , since it depends on your own variables . That is why you should consult with an experience insurance agent . I urge you to consider : are you married , do you have children , do they live at home , do they have college ahead of them , do you have a mortgage on your home ? What is your income and is it expected to rise in the next several years ? With these variables in mind , you should have anywhere from three to 10 times your annual income in total face value life insurance . And the only way to be sure it will still be there as you get older , is to buy permanent life insurance now . If you feel you can not afford that , at least buy some of term and some permanent , and gradually increase the permanent as you can . Thank you . GARY LANE . "}
{"input": "How Much Life Insurance Do I Need And What Kind? ", "output": "The amount of life insurance depends upon your obligations and your commitment to those that you love . It really isnt a matter of should or ought , the real question is How do I want to be remembered ? So if you dont mind leaving a family saddled with debt , dont buy any life insurance . If you love your family buy enough life insurance that they will be debt free with enough income to make the terrible transition that will take place if you die prematurely . "}
{"input": "How Much Life Insurance Do I Need And What Kind? ", "output": "How much life insurance you need and what kind depends on a number of factors . Life insurance plays an important role in your financial and retirement planning . Life insurance creates cash at death and can also offer tax advantaged growth . The first step is to clarify what you want to accomplish and if the need is temporary or permanent . In a family situation , for example , you might want to replace your income , pay off the mortgage , establish an emergency fund , an education fund , pay fees and taxes at death and/or leave a legacy . In this situation , your advisor can help with the calculations . You can find basic calculators online to get you started . In a business situation , you might want insurance to fund a buy-sell agreement , provide a buffer fund for the death of a key person or as an executive or employee benefit . If your need is temporary , such as covering a short term loan , then a term policy is appropriate . If there is a possibility you may need permanent coverage in the future , you should check to see what conversion options to permanent coverage are available . If your need is permanent , which means that you want the coverage to pay when you die , not if you die before the policy expires , then a permanent policy is appropriate . Whole Life and Universal Life are two types of permanent insurance . Permanent cash value insurance has tax preferred growth that you can take advantage of . An independent insurance broker can help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "How Much Life Insurance Do I Need And What Kind? ", "output": "You should complete a Life Needs Analysis to determine how much life insurance you need . As far as the type of policy , that depends on your budget and whether or not you want temporary or permanent life insurance . Temporary life insurance or Term Life is the least expensive . Permanent life insurance or Whole Life is the most expensive . "}
{"input": "What Is The Best Medicare Supplement Plan? ", "output": "The best Medicare Supplement Plans in my opinion are Plans G and N. With Plan G you only have one small deductible to meet -LRB- $ 166 -RRB- and there are no copays for a doctor office visit . Rates are very competitive with Plan G among insurance today companies today . Plan N can save you money on your monthly premium if you are comfortable paying a small co-pay of $ 20 for some doctor office visits . There is a $ 50 co-pay for an Emergency Room visit that does not result in an inpatient hospital admission . Plan N has one of the lowest premiums of any of the Medicare Supplements that offer comprehensive coverage for the gaps in your Medicare Part A & B coverage . "}
{"input": "What Is The Best Medicare Supplement Plan? ", "output": "The best Medicare supplement plan is the one that meets your needs and budget . All too often most people only look at plan F because that is the only plan that is explained to them . Plan F is a good plan but is way oversold and , in my opinion , overpriced as well "}
{"input": "What Is The Best Medicare Supplement Plan? ", "output": "The best Medicare supplement plan is the one that does everything you need and you can afford . If you ca n't afford the plan , do n't buy it . If the plan does n't cover what you expect it to , do n't buy it . All Medicare supplement plans with the same letter are identical in every way . Once you find a plan that fits your needs and budget , buy it . Do n't ever pay too much , thinking you are getting a better policy . You are n't . #GeorgiaMedicarePlans "}
{"input": "Can Obese People Get Life Insurance? ", "output": "An obese person may be able to get life insurance depending on their exact height , weight , and other health issues -LRB- if any -RRB- . Insurance companies have guidelines that they use to rate a person and these ratings dictate the premium that you will pay . A substandard rating will pay a higher premium than a preferred rating . It is important to discuss your overall health profile with a knowledgeable advisor who can provide guidance on the possibility of obtaining life insurance and what company will provide the best offer for your unique circumstances . "}
{"input": "Can Obese People Get Life Insurance? ", "output": "That is a great question ! This is one of the occasions where an independent agent is really worth finding . They can look at several companies for you , and look for the best company for you . There are some companies that will look at your weight seriously as a consideration , -LRB- too heavy , and too thin -RRB- some that give it some consideration , and some that do n't ask at all . After finding one of them , it will come down to your health , and what issues you have . If you would like some help , please do n't hesitate to contact me , okay ? Thanks for asking ! "}
{"input": "Can Obese People Get Life Insurance? ", "output": "Yes , obese persons can get life insurance as long as they do not have any health conditions that cause them to be declined . There are policies out there even for obese persons with poor health . Several life insurance policies do not have any height and weight charts at all . Contact an agency that specializes in overweight life insurance to obtain a personalized quote for life insurance for persons who are overweight , obese , or morbidly obese . "}
{"input": "What Are The Top Rated Term Life Insurance Companies? ", "output": "There 's hundreds and hundred 's of life insurance companies in the marketplace and there are many carriers that have a superior financial rating -LRB- `` A '' , `` A + '' , or `` A + + '' rating -RRB- . Some of the big name companies with superior ratings that feature competitive rates in the term life insurance marketplace are Banner Life , MetLife , American General , Lincoln National , Genworth , Ohio National , Principal National , just to name a few . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "What Are The Top Rated Term Life Insurance Companies? ", "output": "There are a number of ways to review the ratings of life insurance companies . One is through rating agencies . The most popular rating agencies are AM Best , Standard 's and Poore 's -LRB- S&P -RRB- , Fitch 's , and Weiss . They each have a different set of letters and numbers . You can find the rating of Term Life Insurance companies by going to their website and the `` About Us '' or `` Financial Information '' tabs . Some companies are rated highest in one category but not another , so you can look at all four for a total picture of the company you are investigating . Another way to judge life insurance companies is by their customer satisfaction or complaints . You can also look at financial information . The ratings of the company , along with customer reviews and company financial 's , can help you determine the strength of any company you are looking at . Keep in mind that the rating of companies can fluctuate . Some that were rated poorly in the past have made adjustments to bring their ratings up . Also , it does not take the top rating to be a secure company . "}
{"input": "Will Medicare Pay For Colonoscopy Screening? ", "output": "Medicare will cover a colonoscopy screening one every 2 years if you 're considered to be at high risk for colon cancer . If your doctor accepts assignment , Medicare would cover the screening at 100 % -LRB- you pay nothing -RRB- . If your doctor does not accept assignment , then Medicare will cover 80 % of the expenses . You would be responsible for the other 20 % and the part B deductible may apply.A Medigap plan F can cover the other 20 % of expenses and part B deductible if your doctor does n't accept assignment . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "Do I Need Medicare Part B With Tricare? ", "output": "Tricare , formerly known as CHAMPUS , provides civilian benefits for military personnel , and their dependents . Tricare for Life -LRB- TFL -RRB- was designed to offer secondary coverage to Medicare for all who have Medicare Part A and Part B . There are very few ways one can have Tricare without having Part B . Here is a helpful link to explain TFL and Medicare . WEBSITELINK "}
{"input": "Do I Need Medicare Part B With Tricare? ", "output": "Tricare , formerly known as CHAMPUS , is a health care program of the U.S. Dept of Defense Military Health System . TFL , Tricare for Life , offers secondary coverage to Medicare for all beneficiaries who have both Medicare Parts A and B . There are very few incidences where one can get this coverage without having Part B , and those incidences are temporary . "}
{"input": "Can You Take Out Life Insurance On A Grandparent? ", "output": "Yes , you can take out a life insurance policy on a grandparent in many situations . If you are contributing to your grandparent 's living expenses or health care through money or services , or if your grandparent lives with you , there will be no problem with purchasing life insurance for your grandparent . If you are not contributing to your grandparent 's financial situation , you still should be able to purchase a final expense policy -LRB- under $ 100,000 -RRB- for your grandparent . When purchasing simplified issue final expense insurance , it is often easier to purchase the policy if your grandparent is the owner of their own policy . It does not matter so much who is the payer . "}
{"input": "Can You Take Out Life Insurance On A Grandparent? ", "output": "As my colleagues have said , this is indeed possible . You simply have to show that , in a way , you have some sort of vested interest in the life of the person you are insuring . The insurance calls it , coincidentally enough , `` insurable interest '' , which really just means that you have a stake in wanting the person to live and be well . This is the true backing for that notion . It is to avoid certain people from taking out policies on other persons who they would have a vested interest in actually dying . Sad that this test of suitability had to be put in place , but it is there for a reason . Also as stated above , it is much easier if you put nearly everything in their name , pay for it , but agree on a mutually beneficial beneficiary . "}
{"input": "Can You Take Out Life Insurance On A Grandparent? ", "output": "If you mean paying premiums for a new policy for your grandparent where he/she will own and be the insured of the policy , yes , if he/she is insurable , of course . The premiums you pay may be gifts . If you mean to take out life insurance on his/her life but be the premium payor , owner and beneficiary , it is permitted under the rules of insurable interest as long as she is insurable and consents to the insurance . The insurance company may require justification of the insurance . "}
{"input": "Does Home Insurance Cover Liability? ", "output": "Most home owners insurance policies have liability built into the policy . Usually , the limits can be raised to $ 1,000,000 . Considering that the average premises liability award in 2008 was $ 848,702 , having high limits of liability is a good idea . As I 've said in other posts , I highly recommend an `` umbrella '' policy to increase your limits of liability . "}
{"input": "Can I Have Multiple Home Insurance Policies? ", "output": "You can have multiple homes and a separate policy for each home ; or , you can have one home and a separate policy covering distinct lines of risk . The first answer is self evident . The second answer needs a bit of clarification . The basic principal of indemnity means that you will be restored to your original position before the accident . This means you are not supposed to profit from an accident when an insurance company indemnifies you . So , you will not be able to profit by having multiple policies on one home for the same coverage . This type of fraud is specifically dealt with in the terms of the policy . However , you could theoretically get physical damage coverage through Insurance Company A and liability/medical payment protection through Insurance Coverage B . This would create a multiple policy coverage for one home . I hope this helps . "}
{"input": "How Do You Verify Health Insurance? ", "output": "Health insurance can only be verified by contacting a policy holders insurance company to confirm a policy remains active . The simple fact of someone carrying an insurance card can not be taken as verification they are covered , let alone how their benefits may work , or what portion of a bill the patient should be responsible for paying . "}
{"input": "How Do You Verify Health Insurance? ", "output": "You will need to contact your insurance company and confirm the policy is in force -LRB- active -RRB- . There should be a customer service number on your insurance card that you can call to verify the policy is active and you are covered . They 'll likely ask you for your name and other identifying information -LRB- e.g. policy number , social security number , date of birth , etc. -RRB- - they can only release the information to the policyowner -LRB- in health insurance this is generally also the insured - if not the insured , it 's the spouse or another family member - seen more commonly in group plans -RRB- . Your agent can also verify this information for you as well . "}
{"input": "What Does Car Insurance Lapse Mean? ", "output": "A lapse in coverage is what is meant , meaning that the policy is cancelled . This can occur for many reasons such as non payment of premium on the part of the insured or the cancellation or non renewal pf the policy by the insurance company . A lapse in coverage will , in many states , be reported to the Department of Motor Vehicles and may result in a fine and the suspension of the car 's registration . "}
{"input": "Who Uses Long Term Care Insurance? ", "output": "People who use long term insurance as a benefit -LRB- current policyholders -RRB- are those who satisfy the triggers that enable them to collect on it . These include being unable to do two or three ADL 's -LRB- bathing , dressing , etc independently -RRB- and/or cognitive impairment . Most policies now require that the expectation of need for that care will last at least 90 days . "}
{"input": "Who Uses Long Term Care Insurance? ", "output": "Who uses Long Term Care Insurance ? Mainly anyone who wants to have a say in their care if the need for assisted care arises . Most of the people who chose to purchase long term care do so to protect their assets and choice of where their care comes from . Depending on the plan purchased , care could be provided in a care facility or even maybe via visiting nurses and home health care . "}
{"input": "What Is Medigap Supplemental Insurance? ", "output": "Medigap or Medicare Supplement insurance is private health insurance established to help supplement Original Medicare Part A and Part B. Meaning , it will help pay some of the health care costs not covered by Original Medicare -LRB- co-pays , deductibles , co-insurance -RRB- . When you have a Medigap Policy , Medicare will pay it 's share of Medicare approved amounts for your covered health care costs . Then your Medigap -LRB- Medicare Supplement insurance -RRB- pays its share . There are 10 standardized Medigap Plans -LRB- A , B , C , D , F , G , K , L , M , N -RRB- with varying benefits . Plan F is the most popular because it covers all Medicare approved charges and you do not have to pay any co-pays , deductibles or co-insurance . Plan G acts just like Plan F after you 've satisfied the small annual Part B deductible of $ 147 -LRB- 2014 -RRB- . WEBSITELINK Please feel free to contact me regarding your specific situation . In just a matter of minutes , I can provide you with Medigap benefit and quote information to help you make an informed decision . "}
{"input": "Where Does Life Insurance Go On A Tax Return? ", "output": "This is a very broad question . If you mean Death Benefit Payments , then they are usually tax free . If you are supposed to be taxed , then the Insurance Company will send you a 1099 to include with your taxes and regular W2 . If you have not received a 1099 then you should owe no tax . If you have received a 1099 give it to your accountant or enter it into your tax software . "}
{"input": "Where Does Life Insurance Go On A Tax Return? ", "output": "From your question I can not tell if you are asking the question because you own a life insurance policy and you have been sent a DIV B by the insurance company or if you are asking because you inherited the death benefit from a life insruance policy . If you are receiving a DIV B from the insurance company you have probably been paid a dividend by the insurance company that you chose to receive as cash rather thanre-investing the dividend . Life Insurance death benefits are paid under `` contract law '' . Therefore if you receive a settlement from a life insurance benefit as the beneficiary of that policy then the proceeds are not taxable . However , what happens if the proceeds are invested in certificate of deposits at the bank and now the bank is going to send you a 1099B each year-those interest amounts are taxable "}
{"input": "Where Does Life Insurance Go On A Tax Return? ", "output": "If the life insurance policy is a modified endowment contract , loans are taxable . If the life insurance is a non-modified endowment contract and the policy lapses , is surrendered or the policy reaches its maturity dateall policy loans , -LRB- those received and internal -RRB- are ordinary income tax events is the year they occur . Death benefit proceeds generally pass to their designated beneficiarys tax free . There are some business scenarios where death benefit proceeds are subject to the alternative minimum tax as a preference time and could be included as revenue at ordinary income tax rates . There may be estate taxation on the federal and/or state level . "}
{"input": "Where Does Life Insurance Go On A Tax Return? ", "output": "Where does life insurance go on a tax return ? Usually it does n't . Premiums are usually paid with after tax dollars and gains if you have a cash value policy are n't put on a tax return either , unless you 've set up your policy in such a way that would make those gains taxable . Most people for obvious reasons , do n't set their policies up that way . "}
{"input": "How Much Should I Be Paying For Disability Insurance? ", "output": "If you are paying for a personal individual disability policy you want to pay for it from your personal checking account . The reason is with today 's tax laws it will not be tax deductible or a business expense unless you are paying for employees . The good news is since you pay premiums with after tax dollars , if you become disable , your benefits are drawn tax free to you . "}
{"input": "What Is The Best Medicare Option? ", "output": "Medicare Part A is automatic once you turn age 65 . Medicare Part B is also an automatic enrollment unless you opt out or choose to delay your coverage . Beyond that your choice is to keep traditional Medicare -LRB- Part A and Part B -RRB- and purchase a Medicare supplement plan , or enroll in a Medicare Advantage plan . Advantage plans are a form of privatized Medicare that is managed by insurance carriers . "}
{"input": "How To File A Claim With Home Insurance? ", "output": "You file a claim for homeowner 's insurance with your broker . Once the claim has occurred , you will need to provide specific information regarding what happened , the extent of damage , the cause of damage and if there is a risk of additional damage . Generally , a claims adjuster or other personaffiliatedwith the insurer will be in contact you . "}
{"input": "How Much Should I Expect To Pay For Disability Insurance? ", "output": "Depending upon your gender , age , nonsmoking status and good health condition you should be ready to pay 5 to 8 % of your compensation . This estimation is based on whether you pay the premium after tax for a tax free benefit of up to 60 % of your compensation or pay the premium pretax for a taxable benefit up to 80 % of your compensation , provided that you have ability to use the premium as a legitimate business deduction . "}
{"input": "Who Can Get USAA Car Insurance? ", "output": "Their recent T.V. commercials are pretty good , with the people of all ages , who state that they have a USAA policy through various military service and family connections . The first level of those who are eligible for their policies are active , retired and/or enlisted U.S. military personnel . Also eligible are Officer Candidate personnel , such as ROTC and other military service candidate programs . Additionally , the adult -LRB- 18 + age -RRB- children of parents who either had or currently have a USAA auto or home product and widows or widowers of former USAA auto and home policyholders are eligible . "}
{"input": "Will Companies Drop Health Insurance Because Of Obamacare? ", "output": "No , statistically around 99 % large companies in the US -LRB- 200 + employees -RRB- offer health benefits , about 96 % of medium companies -LRB- 50-199 employees -RRB- offer health benefits , and about 92 % of small companies -LRB- < 49 employees -RRB- offer health benefits . There may be a significant impact on the small employer statistics as state and federal exchanges become available . However I can confidently say that any such statistical shift in the small employer health benefits market will most likely be a short term -LRB- perhaps 3-5 year -RRB- variation that will in time reflect a very small impact in the % of small businesses offering health benefits . The complex structuring options and technical details will render the small business exchanges as effective at delivering optimal results as online tax software is in helping someone who is not well versed in accounting manage pay-roll and state/federal tax obligations/deductions . Also the businesses who do not provide meaningful benefit programs to their employees will find it hard to compete with the other companies who are able to leverage such programs to provide them with a distinct competitive advantage . That being said the exchanges will revolutionize the marketplace of individual health insurance policies . "}
{"input": "Can Health Insurance Charge More For Smokers? ", "output": "Health insurance absolutely can charge more for smokers . In fact , under Healthcare Reform , the ONLY things for which carriers can charge more are age , location and smoking . Smoking was going to be a 50 % increase . That 's HUGE rate increase , but it ought to give you an idea of the claims that occur as a result of smoking . However , just recently Health & Human services stated they ca n't figure out how to logistically charge more for smoking at this time , so for the 1st year of Healthcare Reform , they are NOT going to charge more for smoking , which could end up raising the rates for everyone else . So again , prior to Healthcare Reform you will pay an increase . But as of 1/1/14 , no rate increase - at least for the 1st year . "}
{"input": "Can You Buy Medicare Part A? ", "output": "For most individuals , Medicare Part A will be premium-free . This happens if you 're turning 65 and you 've hit your 40 credits -LRB- earned through working life/paying FICA taxes -RRB- . If you do n't hit this , the premium will be up to $ 426 per month . You can also qualify for Medicare Part A under other means -LRB- e.g. you 're under 65 and receiving social security disability benefits for 24 continuous months or you have end-stage renal disease -RRB- . Medicare Part A , in short , is your hospital insurance - Part B is your physician insurance . Part A provides benefits for your inpatient hospital stay , skilled nursing facility care , nursing home care , hospice care , and certain home health services . The benefit that is the most common claim is for hospital stays . During a hospital stay , your Part A will cover certain hospital services and supplies including semi-private rooms , meals , general nursing , and medications given during your stay . Acceptable hospital stays can include critical access hospitals , inpatient rehab facilities , LTC hospitals , acute care hospitals , and mental health care - you may want to confirm with Medicare whether a certain inpatient stay would be covered by a facility that is not a traditional hospital . You 're generally responsible for about 20 % of the healthcare expenses that are incurred during these visits - Medicare only covers approximately 80 % of the costs . You may want to consider buying a Medicare supplement plan -LRB- a.k.a. Medigap plan -RRB- to cover the other 20 % . "}
{"input": "Why Is My Car Insurance Deductible So High? ", "output": "Your deductible for your auto insurance is typically selected by you . The deductible amount can affect your auto insurance premiums greatly . The higher the deductible amount typically the lessor your premium . If you currently have your auto insurance coverage through a high risk carrier they may require higher deductibles . "}
{"input": "When Is Mortgage Protection Insurance A Good Idea? ", "output": "There are two types of insurance that are often called Mortgage insurance . The first is required by the lender if the down payment for a home doesnt meet a certain threshold . This insurance protects the lender against default . This insurance is often required and included in the mortgage payment . The second is a life insurance policy that reflects the balance due on a mortgage . The idea behind this second form is for you to protect your family by making sure that they have a home , free and clear should you have a premature death . This insurance is obtained through an insurance agent and is handled outside of the mortgage . "}
{"input": "When Is Mortgage Protection Insurance A Good Idea? ", "output": "`` Mortgage Protection Insurance '' is a Life Insurance plan that you can obtain where the face amount of the death benefit covers the full loan balance of your mortgages . The best time to obtain this is of course when you secure your loan . Depending on the amount of down payment you invest at the time of your home purchase , banks may require that you also have coverage to protect THEIR interest . The type of protection you are talking about protects your family 's interest should you die . Remember that any life insurance purchased for whatever reason is a love note to those who mean the most to you . "}
{"input": "When Is Mortgage Protection Insurance A Good Idea? ", "output": "Great question ! It is generally a good idea to protect your family from any large financial loss , and the covering of your mortgage is certainly one of those . Many lenders will require that you have it when you secure your mortgage loan , to protect themselves , and you in the event of an issue . It is a good idea always to protect your family . If you would like more detailed information , please feel free to contact me , okay ? Thanks for asking ! "}
{"input": "How Much Does Apartment Renters Insurance Cost? ", "output": "Because all insurance is based on the concept of shared risk , you could say that the cost is the total amount you would lose if you had your property destroyed or if you were sued . That is the cost if you chose to not insure your unit . If you insure the unit the cost then is your share of the possible losses of a large group of people . While that is a relatively modest amount it varies by a few factors , the primary being the amount of personal property that you want insured . Less property means lower premium . "}
{"input": "Can You Rollover A Non Qualified Retirement Plan? ", "output": "Generally non-qualified retirement plans are funded by life insurance and/or annuities . Transfers or 1035 exchanges can sometimes be construed as rollovers , but there are rules that govern those exchanges : Life insurance to life insurance , Life insurance to Annuitybut not Annuity to Life . Any other funding product may have other rollover rules . "}
{"input": "Does Renters Insurance Cover Theft Outside The Home? ", "output": "Renters insurance will cover a limited amount of theft from your car , such as contents of the vehicle . It will not cover theft of any equipment attached to the car . Renters works like homeowner coverage with smaller limits and more restrictions on what is actually covered . You are welcome to call me with any additional questions . Keith Prim - Dallas , TX 214-435-0791 "}
{"input": "Does Renters Insurance Cover Theft Outside The Home? ", "output": "In most homeowners policies there is an extension of protection to your property that is temporarily away from your residence . This coverage will be limited to around 10 % of the personal property limit . There is a slightly different situation if the personal property is moving to a new location . "}
{"input": "How Do I Cancel My Car Insurance With Geico? ", "output": "In order to cancel your auto insurance you would simply need to call Geico and let them know of your intent to cancel . Geico then will advise you as to what is needed in order to complete the cancellation of your policy . In most cases it would be a simple written request dated and signed requesting termination of the policy . "}
{"input": "Why Do People Have Life Insurance? ", "output": "People have life insurance so that their survivors are not excessively burdened upon their death . Whether it be from the relatives taking up a collection for the funeral , to a business losing money while trying to replace a key employee , life insurance takes away part of the sting of that loss . It makes the transition to life without that person more bearable , not having to worry about finances in the midst of their grief and the many details at hand . Many people see Life Insurance is a legacy , a sign of caring , that they can leave to their loved ones . And if they do n't see it that way , I worked in a funeral home for a few years , I have seen how their loved ones concur with that sentiment . "}
{"input": "Why Do People Have Life Insurance? ", "output": "You have heard all the song titles that tell you that all you need is love . Yes , love is overwhelmingly the reason people buy life insurance . If you really didnt care about anyone else , and didnt care if anyone even remembered your name , you would never purchase life insurance voluntarily . "}
{"input": "Why Do People Have Life Insurance? ", "output": "For most people , life insurance is purchased for the death benefit it provides to the beneficiary . You have to ask yourself , `` If I died today , would anyone be affected financially ? '' If the answer is yes ... you need life insurance . For a single person , it may be as simple as covering funeral , cremation or other end of life costs . For the main breadwinner in a family , it 's going to be needed to replace some or all of the lost income due to your death . "}
{"input": "Why Do People Have Life Insurance? ", "output": "People have life insurance for more reasons than you might think . Of course , they have life insurance so that their loved ones would have something to pay the bills for at least a while , until they can get back on their feet . They have life insurance so their kids can grow up financially stable in spite of the emotional trauma of losing a parent . They buy it for business purposes ; to tide them over if a key employee dies ; to provide money for a son to purchase the business from Dad if Dad dies ; to pay the estate taxes . Life insurance is used to fund funerals , provide collateral for loans , and save up money for the policy holder 's dreams . Those are just some of the reasons people have life insurance . "}
{"input": "Why Do People Have Life Insurance? ", "output": "There are as many different reasons for Life Insurance as there are people . Some of the common reasons include leaving something for your family , advancing charitable organization causes which you support and to pay off existing debts so as to not burden your family . Insurance covers the unexpected and can help a person to keep their own finances and use Insurance to cover expenses . Not everyone believes they need to have insurance so it must be an individual decision . However the cost of insurance is typically offset by the benefits it provides . "}
{"input": "Why Do People Have Life Insurance? ", "output": "People have life insurance to protect others that depend on them , i.e. beneficaries : family members , business partners and charitable organizations . Most people have financial liabilities , future obligations and some charitable intent . Life insurance can provide the protection to service these realities in case of the death of the policy insured . "}
{"input": "When Is Whole Life Insurance A Good Investment? ", "output": "Participating whole life is not an investment , it is an insurance policy . That being said , it can be a non-qualified supplemental retirement plan for conservative long term savers . But it needs to be designed as a TAMRA compliant , non-modified endowment contract with the lowest base policy , max term rider and paid up additions rider . Distributions may be tax free via withdrawals to basis and policy loans of gain as long as the policy is kept in force for the life of the insured . "}
{"input": "When Is Whole Life Insurance A Good Investment? ", "output": "Whole life insurance is never an investment let alone a `` good '' investment . Life insurance should always be separate from your investment portfolio and this will not only give you a much better rate of return on your investment but more flexibility in you investment options . This is why term life insurance makes better sense then invest outside of that . "}
{"input": "How Much Is Health Insurance If Unemployed? ", "output": "for the remainder of 2013 Short Term Health Insurance will be the way to go . You can run prices online , fill out the application and even print your ID card and policy . Two things to consider - 1 -RRB- Short Term Plans do not usually cover pre-existing conditions 2 -RRB- They are catastrophic in nature . You will not normally see one that covers wellness exams or doctor visits . Prices are low and very affordable . "}
{"input": "How Much Is Health Insurance If Unemployed? ", "output": "Health insurance , if you are unemployed , can be very inexpensive . A short-term temporary plan will be the cheapest type of available coverage and you can be approved within 24 hours . As an experienced broker , our job is to find you the cheapest coverage that provides the benefits you need . In 2014 , you may also qualify for a federal subsidy that could lower your premium . "}
{"input": "What Is National Income Life Insurance? ", "output": "National Income Life has over three billion of life insurance in force . The company is registered in New York and rated A + -LRB- Superior -RRB- with A. M. Best for overall financial strength . National Income Life Insurance Company is owned by American Income Life , created about fifty years ago by Bernard Rapoport . "}
{"input": "Can You Borrow On Term Life Insurance? ", "output": "Typically term life insurance does not provide any cash value , so you would not be able to borrow from it . At this point I am not aware of any term life insurance policies that offer cash accumulation that allow for loans on the policy . There is a type of term policy known as `` Return of Premium '' that provide a portion of yourpremium payments at the end of the policy term if the policy has not been collected on and all policy requirements have been met during the policy period . To find out more about this type of policy contact your local agent to find out if they have it available within the policies they offer . "}
{"input": "Can You Borrow On Term Life Insurance? ", "output": "Unless a life insurance policy has cash value , you can not borrow from it . Term life insurance is `` pure '' protection in that all the premiums go to the death benefit rather than any build up of cash value . Thus , you can not borrow from Term insurance or any other life insurance for which a cash value has not built up within the policy . "}
{"input": "What Does Car Insurance Group 5 Mean? ", "output": "Group 5 refers to a class of vehicle that is probably not going to caught engaging in drag racing because the engines are small . The cars listed are Citroen , Ford Ka or fiesta , Hyundai i20or hatchback , Peugeot 107 , Toyota Yaris , Volkswagen Lupo , and Polo . These cars should be a good alternative to buying a golf cart "}
{"input": "Is There A Penalty For Switching Car Insurance? ", "output": "This question depends on what you mean by penalty . Some insurance carriers may short rate you -LRB- hold back some of the premium -RRB- if you cancel early . Other things to consider is loss of renewal discounts some insurance carriers offer that may not transfer over to the new insurance carrier you chose . Always ask first before you switch to check to see if any fees apply . "}
{"input": "Can You Lose Your Medicare Coverage? ", "output": "If you are incarcerated in prison for a length of time you will lose your Medicare until released. ; If you are on Medicare Disability and return to the work force and lose Social Security you are no longer eligible . As a rule however , you will not lose your Medicare Coverage . "}
{"input": "Can You Sell A Car Without Insurance? ", "output": "You should be able to sell a car without insurance . But do n't let the potential buyer drive the vehicle ! Otherwise , you couldpotentiallyhave some financial issues to deal with . The buyer of the vehicle should always have current car insurance , so they can easily add the car to their policy at the time of purchase . And , when selling a vehicle , do n't take cash or a check . Insist on a certified bank check and verify that the check has cleared . "}
{"input": "Does Homeowners Insurance Cover Leaky Roofs? ", "output": "There are circumstances where Homeowners Insurance may cover the damage caused by water leakage through a roof . It is best to check with your Insurance Professional , of course , about the specific terms and conditions of your policy . If the roof is compromised or damaged by a covered peril , say a severe windstorm for example , then if rain water leaks in and damages the interior of your home , you will probably have coverage . Likewise , and as was the case again this past winter in CT , if you have interior water damage that is caused by `` Ice damming '' which is a sever build up of ice forming at the lower edge of your roof , that then forces melted water up under your roofing material , there will also be coverage . These are only two examples , so again talk to your Insurance Professional . "}
{"input": "Does Homeowners Insurance Cover Leaky Roofs? ", "output": "The damage caused by a leaking roof will probably be covered by your homeowners policy . The repair to the roof itself would be covered if it was the result of one of the covered perils listed in your policy . If the loss comes from normal wear and tear the policy will not cover the roof repair . The roof is a critical component of a home and the owner should exercise care to maintain it in good condition . Failure to do that could result in cancellation . "}
{"input": "Does Homeowners Insurance Cover Leaky Roofs? ", "output": "Good question . In most cases damage from a leaky roof would be covered but the repair to the roof itself would not be covered . Keep in mind that wear & tear is an exclusion from many policies and the insurance company may be able to deny the claim if the loss can be shown to be a result of wear & tear . However , If the roof was damaged in a storm -LRB- from a covered peril -RRB- than the leak , and the roof repair , would be covered - subject to your policy deductible . "}
{"input": "Does Homeowners Insurance Cover Renters Belongings? ", "output": "If you are renting a portion of a home occupied by the insured most companies will not cover your property unless you are named as an insured on the policy . If you are a guest in the home , the insured has the option to extend coverage to your personal property . If you are renting a residence , your property would not be covered . This is what a tenants policy is designed to do , cover your risks while you are occupying a rented residence . "}
{"input": "Does Homeowners Insurance Cover Renters Belongings? ", "output": "While the property of a domestic employee or guest may be covered , the property of a tenant or renter isnt . The renter can secure a policy of their own that will cover their property . These policies are relatively inexpensive and also provide liability coverage should the renter be sued for bodily injury or property damage . "}
{"input": "Which Company Has The Cheapest Car Insurance? ", "output": "I have been selling auto insurance for 23 years andi can tell you , they all do . It really depends on your circumstances . I have worked for two captive companies and now I sell for manydifferent companies . Many things going into determining your price . Your driving record , your credit , how many cars you own , your age , what kind of car , the coverage you choose , how long you have been insured with the same company . It is good to shop around , but it is also good to stay with the same company for at least 3-5 years to get the bestprice the next time your shop . Call at least 3 for quotes . "}
{"input": "What Does A Life Insurance Physical Consist Of? ", "output": "A trained , professional paramedical examiner performs the exam in your home or office . This routine exam will include taking information about your medical history , height , weight , collecting a urine specimen for urinalysis , blood pressure , pulse and collecting a blood sample . The exam will take about 45 minutes or less . If additional testing is required by the insurance company such as an electrocardiogram -LRB- ECG -RRB- or a chest xray , you will be notified in advance . We recommend scheduling the appointment at the least stressful time of day for you . Blood pressure can be artificially raised by stress . It can also be raised by caffeine , tobacco and alcohol so avoid these for several hours prior . Limit salt intake and rich foods for 24 hours prior to the exam . Fasting for 4-8 hours prior to the exam is also advised -LRB- and may be required -RRB- but drink plenty of water . Finally , avoid strenuous physical activities for 24 hours prior to the exam . "}
{"input": "What Does A Life Insurance Physical Consist Of? ", "output": "It 's going to depend on the age of the applicant , the face amount applied for and the company providing the insurance . In the most basic cases , the exam involves meeting with a medical examiner and going over health history , checking height and weight , blood pressure reading , blood and urine samples . For older applicants a `` resting '' ECG may be taken . For very large cases a full physical taken at a medical facility may be necessary , but this is only when a large face amount of coverage was involved . "}
{"input": "When Do We Have To Have Health Insurance? ", "output": "The Affordable Care Act -LRB- Obamacare -RRB- states that if you do not have health insurance by January 1st , 2014 you run the risk of paying a penalty . An independent agent can show you plans from all the major carriers and help you determine which plan would best fit your needs . The best part is you the service is free . The insurance carriers by the independent agent for business they write . You save lots of time by looking at lots of plans from many carriers and you get unbiased advice from the independent agent . You can run health insurance quotes on our website by clicking `` other '' and going to under 65 health insurance section . For folks 65 and over they can run Medicare supplement quotes on our website as well . "}
{"input": "What Effect Does Obamacare Have On Medicare? ", "output": "Though many will claim Obamacare , which is designed to cover non-Medicare beneficaries , does not have any effect on Medicare , such a statement would be false . There are many provisions in the Affordable Care Act that call for funding reductions in the Medicare payment system , including a provision , including the following : * Medicare Funding Cuts of $ 457 Billion by 2020 . Approximately 50 % of cuts are proposed to come from Medicare providers in the form of reduced reimbursement rates . These cuts are expected to offset 30 % of the cost of reform for those under 65 . * Fewer Providers expected to be available 96 % of Providers in US Accept Medicare 80 % Accept New Medicare Patients -LRB- 60 % in Texas -RRB- Medicare Enrollment Growing by 10,000 people per day 28 % of New Medicare Recipients Has Trouble Finding A New Primary Care Doctor in 2012 30 % Proposed Reimbursements Reductions will lead to even fewer doctors accepting Medicare More Providers Opting-out of Medicare System -LRB- including the Mayo Clinic -RRB- Fewer Doctors + More Patients = Longer Wait Times * Medicare Advantage Funding Cuts $ 135 Billion through 2019 , including $ 7 Billion this year 2014 , . This has already lead totewer Plan Choices , Reduction in Benefits andHigher Premiums for many . * Tax Increases 3.8 % Additional Medicare Tax on High Earners 3.8 % Tax Increase on Investment Income 2.3 % New Tax on Medical Devices $ 72 Billion in New Taxes to Insurance Companies These taxes that will eventually by passed on to consumers in form of higher prices ! * Closing the Donut Hole * 50 % discount on brand name drugs * 7 % discount on generics * Consumer Rebates for Reaching Gap * By 2020 , the Donut Hole will be replaced with 25 % cost sharing on all medications * 3.4 million Americans Will No Longer Fall in to the Donut Hole Each Year * 27.5 million Americans that Never Reach the Donut Hole Will Pay More for Their Drugs * More Free Preventative Care Services are now availablerventions for tobacco users * Creation of Accountable Care Organizations and Independent Advisory Board Accountable Care Organizations - places a degree of financial responsibility on the providers in hopes of improving care management and limiting unnecessary expenditures . ACOs that lower the cost of care for their members will by paid 50 % of the cost savings generated by the Center for Medicare and Medicaid Services . Independent Advisory Board Goal of reducing the per capita rate when growth in Medicare spending exceeds targeted rate . Board will recommend changes that become a bill and sent to the President and Congress to pass . If not passed , Congress must provide a budget with equivalent funding cuts . "}
{"input": "Where Can You Get Renters Insurance? ", "output": "You can typically purchase renters insurance through any carrier that offers homeowners insurance . When looking for new insurance coverage it is best to start with your local agent if you already have a relationship with them . Most agents handle nearly every line of insurance coverage within the state -LRB- s -RRB- they are licensed in . "}
{"input": "Can I Buy Auto Insurance From Another State? ", "output": "I believe that you couldbuy auto insurance coverage from any agent or carrier that is in another state , but they must be licensed in your state that you are purchasing the coverage in . Whom ever that you purchase coverage from be licensed in the states that they sell coverage in so that they can provide you with the coverages necessary within your state . "}
{"input": "What Is An Inspection Report For Life Insurance? ", "output": "An inspection report for life insurance is an extensive report that is done to verify confidential information about a life insurance applicant . Most inspection reports are done only on very large policies , and the majority are done by phone . With some multi-million dollar cases a face to face interview may be required . If the inspection report is for a business , it will ask about the nature of the business , make up of the business , location , where they do business , and if any air travel or travel to unsafe countries is involved . Personal information will include health problems , dangerous hobbies , tobacco use , drug/alcohol use , and anything else that affects life insurance risk . They will also ask income and net worth , liabilities , and justification for amount and purpose of life insurance . Inspection reports are ordered by the life insurance underwriter from private inspection bureaus and are kept confidential from everyone except the life insurance company that made the request . "}
{"input": "Who Is The Least Expensive Auto Insurance? ", "output": "The least expensive auto insurance company ? Actually , there are about a dozen answers . Depending on the state where you live , it could be State Farm , Progressive , Esurance , Farmers , Geico , Allstate , Erie , Liberty Mutual or one of many other companies . Rates are based on many factors and in any given area , it could be one of many options . An experienced broker and their website is a great resource to shop , compare , and find the best car insurance rates in the US ! "}
{"input": "How Long Will It Take To Get Health Insurance? ", "output": "This will depend on the type of insurance sought . Some insurance policies will be effective next day , while others are the first of the next month . Answers to some basic health questions will start the process toward determining which type of plan may work best for you . For help feel free to call me at 913-279-0077 . "}
{"input": "What Is Medicare Exclusion? ", "output": "Medicare exclusion is the tool that is used by the Office of the Inspector General within the Dept of Health and Human Services . When confronted with misrepresentation , omissions or other forms of fraud in applying for or handling Medicare services or supplies , providers or supplies are excluded from receiving Medicare payments . It is a way of enforcing the terms of these contracts by excluding those who abuse them . "}
{"input": "Who Can Be On Your Car Insurance? ", "output": "Relatives living in the insured 's household and related by blood , marriage , adoption , a ward or foster child . Any other person using the insured auto with the insured 's permission . In Wisconsin this includes an adult member of the household . Other persons or organizations are covered in limited situations -LRB- refer to the policy -RRB- . "}
{"input": "What Is Veterans Group Life Insurance? ", "output": "Veterans Group Life Insurance -LRB- VGLI -RRB- is five year renewable Term life insurance for persons who have served in the uniformed services . to convert SGLI -LRB- Servicemembers Group Life Insurance -RRB- to VGLI , you must do so within 120 days of your separation from the service . If you wait longer than the 120 days , you have one additional year , but then you must show evidence of good health to be approved . "}
{"input": "How Much Renters Insurance Should I Take Out? ", "output": "That depends on the valuation of the personal property that you own . Most carriers start renters insurance coverage at ten or fifteen thousand and one hundred thousand for liability coverage . The amount of coverage that you take out is a personal choice . Talk to a local agent about your coverage needs and they can help you get the coverage that you want and need . "}
{"input": "What Is Needed For Renters Insurance? ", "output": "Renters insurance is a way to protect the value of your belongings in the event that they are stolen or destroyed . Let 's say there is a fire in your complex , and the apartment you live in is damaged by smoke and water from the firemen . Your cost to replace the things you own that are damaged by smoke or water is probably much greater than what you have in the bank . This is what your policy is designed to do - provide that money to replace them . If you would like more information , please click the ` contact me ' button , I 'd be glad to help ! "}
{"input": "What Age Does Term Life Insurance Come To An End? ", "output": "Term life insurance ends at the end of the term . E.g. . If you take out a 10 year term life insurance policy , the policy will end at the end of the 10th year . Otherwise , the premium will jump to a much higher price at that time , and go up each year after that . "}
{"input": "Who Should Carry Long Term Care Insurance? ", "output": "Long Term Care is the elephant in the room . Many carriers have exited the market because they were not able to make money in this niche . The question you should be asking is what will happen if my spouse or I require care ? You will not find any good answer unless you have coverage or can afford the $ 70,000 per year plus that it costs . The changes of needing care are high , but not for a long period of time . In addition , there are several other ways of paying for long term care with life insurance and annuity riders that you should investigate . "}
{"input": "Who Should Carry Long Term Care Insurance? ", "output": "My parents applied for Long Term Care Insurance many years ago , and my mother was able to qualify for it , but my father was not . My father 's declined over these many years , and toward the end , it was a worry whether my mom could continue to care for him or not . Thankfully , she was , but it was a difficult situation , to say the least . Now my mom has long term care insurance and you can tell it brings her peace . Even though she does not have anyone at home to care for her , like she did for Dad , she will have the funds to do what she needs to do if she can not care for herself . This personal experience has made it more real to me that , if you are not close to qualifying for Medicaid , you should probably have Long Term Care Insurance . "}
{"input": "How Much Does Medicare Pay For Physical Therapy? ", "output": "Medicare Part B pays 80 % for physical therapy . You can get a Medicare Supplement or Medicare Advantage Plan which will pick up some , or all , of the remaining 20 % . It 's probably a good idea to have this type of coverage , because the 20 % you may owe ... on physical therapy as well as other treatments ... can become quite expensive . "}
{"input": "How Much Is The Average Cost Of Home Insurance? ", "output": "Average is relative to the person using the term . That being said I would say the average homeowners policy in my area is about $ 1000/yr . I have seen policies as low as about $ 400/yr . Contact your local agent and they can advise you of the coverages available within your area and the costs associated with them . "}
{"input": "Can A Diabetic Get Disability Insurance? ", "output": "Yes , there are Disability Insurance policies that someone with diabetes can get . For persons with very well controlled diabetes , you will be rated up but may be able to get a 2 to 5 year benefit . If you are unable to get that type of policy , there are graded Disability policies that some people with diabetes can get . These pay a limited benefit during the first couple years . Contact a broker for Disability insurance to make sure you have access to all the choices available to you . "}
{"input": "Does Medicare Cover Knee Replacement Surgery? ", "output": "Yes , Medicare does cover knee and hip replacement surgeries . These are very popular surgeries and getting more common all the time . However , the Centers for Medicare and Medicaid Services -LRB- CMS -RRB- is reported to be considering deep cuts in the reimbursements paid to orthopedic doctors for performing this type of operation . It remains to be seen if that comes to pass . "}
{"input": "How Much Does Health Insurance Cost In New York? ", "output": "Health insurance in New York will vary depending on many variables , including how old you are , where you live , the number of members in your family and the coverage you want . BlueCross Blue Shield , Empire Blue Cross and Blue Shield , UnitedHealthcare/Oxford and Emblem Health are a few of the major carriers . As an experienced broker , we offer free quotes in minutes -LRB- as do most other brokers -RRB- so that consumers can quickly compare the best plans from top-rated insurers . In 2014 , federal tax subsidies will reduce costs for many Americans . This could impact your premium as well as the benefits of the policy that is purchased . "}
{"input": "Who Can Get Auto Insurance? ", "output": "The owner of a vehicle needs to maintain insurance . Insurance always follows the vehicle so regardless of who is driving the car the owners insurance is primary . If someone other than yourself is going to be driving your car you need to list them on your policy as a driver . The driver can be classified as primary or occasional depending on how often they will be using your car . "}
{"input": "How Much Auto Insurance Is Required In Iowa? ", "output": "You are required to hold minimum limits of 20/40/15 . This is bodily injury of $ 20,000 per person maximum with a $ 40,000 accident maximum coverage . The 15 is $ 15,000 in property damage caused in any one accident . These are the absolute MINIMUM limits and should not be taken as being enough coverage for your situation . Talk to an agent to determine how much coverage may be right for you . You may also purchase a bond assigned to the state and avoid the premium on auto insurance . Often times , auto insurance is cheaper than the annual bond premium . Trevor Toft State Bank Agency 7122754512 "}
{"input": "How Much Does Car Insurance Give For A Totaled Car? ", "output": "When it is determined that the cost to repair a car is greater than the value of the car the adjuster contacts the owner and tells them of the decision . At that time the adjuster will make an offer for the car based upon current market conditions , minus the deductible if applicable . The insured can either accept or decline the offer . A settlement means that the company and the policyholder agree on the amount . The title to the car transfers to the insurance company . "}
{"input": "How Much Does Car Insurance Give For A Totaled Car? ", "output": "The amount can vary by car and company , but there is a gneral rule of thumb that is a pretty good guide . Usualy , a car is `` totalled '' when the insurance claims adjuster appraises the damage and compares the cost to repair with the `` book value '' of the car . There are various sources to determine the value of a car including , but not limited to , Kelly Blue Bookor the NADA guide as examples . Generally , if the cost to repair is about 70 % of the car 's value , it is likely that the adjuster will recommend categorizing the car as a total loss and will offer you a settlement sum that is in the neighborhood of the repair cost . "}
{"input": "What Medicare Advantage Plan Is Best? ", "output": "The best Medicare Advantage plan is the one that fits your needs and budget . One of the biggest mistakes our seasoned citizens make is enrolling in an Advantage plan based on the premium . Many plans have a $ 0 premium which can be attractive but also financial suicide . If you have chronic health issues a Medicare Advantage plan is probably not your best choice . "}
{"input": "What Percentage Of Small Businesses Provide Health Insurance? ", "output": "The percentage of small businesses that provide health insurance to their employees is hard to calculate . Firstly , the definition of a small business can vary . It could be considered as a few as 2 employees or as many as 50 . Also , this number will probably be dropping in 2014 , when many businesses decide to eliminate offering healthcare toemployees , since it is more cost-effective to pay a penalty . "}
{"input": "Does Medicare Cover Erectile Dysfunction Medications? ", "output": "Erectile dysfunction medications such as Viagra and Cialis are not covered by Medicare -LRB- not under Medicare Part D Drug Plans or any other Medicare plan -RRB- . This coverage was discontinued by Medicare in 2006 . Medicare will cover penile vacuum pumps , or penile inflation devices if the pumps are ineffective , for some cases of erectile dysfunction . "}
{"input": "What Does Life Insurance Term Length Mean? ", "output": "Life Insurance term length means the number of years that the policy will stay in effect . Usually , the term length is also an indication of how long the policy premium will stay the same price . But some policies guarantee the premium to stay the same -LRB- level -RRB- for only part of the term . E.g. . A 20 year Term policy has term length of 20 years . It may or may not be guaranteed not to go up in price for the full 20 years . When the 20 years are done , the policy will end , or the premium will go way up , usually over 10 times higher than it was before . "}
{"input": "Is Homeowners Insurance Part Of Your Mortgage Payment? ", "output": "That is a great question ! The answer is it can be , but is n't normally . I have seen where the mortgage payment was inclusive of the homeowners policy premium , as a result of the lender having to reinsure the home when the owner allowed the previous policy to lapse . It is n't the usual case , but it can happen . Thanks for asking ! "}
{"input": "Is Homeowners Insurance Part Of Your Mortgage Payment? ", "output": "Not necessarily unless your Mortgage Company requires you to have it that way . In that case , an escrow account is set up and the future renewal payments will be drawn from that account when your insurance company bills your mortgage company . You make the monthly installments to the bank and then they in turn pay your renewals . Many banks also handle property taxes this way as well . "}
{"input": "Is Homeowners Insurance Part Of Your Mortgage Payment? ", "output": "No it is not . You can however have it escrowed . You may prepay the premium each month factored into your mortgage payment and the mortgage company will pay the premium at each renewal on your behalf . Do n't be confused with mortgage insurance if you have a FHA loan . This insurance protects the lender in case you default on the mortgage . "}
{"input": "Is Homeowners Insurance Part Of Your Mortgage Payment? ", "output": "Not unless your lender requires it or allows it . Contact your lender and inquire about an escrow account . You may already have an escrow account for taxes . If so , see if the property insurance can be added . Most likely you will have to add the property insurance at the renewal date of the policy after you pay the annual premium in full . Then your lender adds ther escrow additional to your billing every month until next policy renewal when they have collected 1/12 of the estimated premium from you each month and can pay your policy for you . Make sure you get copies of all documents relating to this action and your homeowners carrier changes your billing method to ` escrow bill ' , they have the correct address of the escrow disbursement entity , and the correct account number of your loan to reference their bill to the escrow disbursement entity . Follow up to make sure your carrier bills your escrow company and the bill is paid . Do not wait for a notice of cancellation for non-payment of your policy to be issued . Be pro-active with all of your insurance policies and always get it in writing - especially anything you sign . If someone tells you over the telephone `` OK , we will take care of that for you ... '' , tell them to send you a confirmation -LRB- or binder -RRB- in writing with a signature . "}
{"input": "Does Car Insurance Cover A Stolen Car? ", "output": "Car insurance will provide coverage if your car is stolen so long as your policy includes Comprehensive physical damage loss along with your chosen liabiulity protection . So long as you have comprehensive , the settlement for your stolen car would be handled from that by your claims professional . In order to file such a claim , it is very likely that your claims professonal will need to have a copy ofthe police report . "}
{"input": "How Much Is Term Life Insurance For 30 Years? ", "output": "To find the cost of term life insurance for 30 years , you can go to a website that offers quotes online . If `` instant '' quotes are offered , you can change the amount and term length and compare the cost of different policies . The cost of 30 year term life insurance is higher than the cost for shorter terms , but it is locked in for 30 years at the health rating you are now . So that can save you lots of money in the long run . "}
{"input": "How Much Is Term Life Insurance For 30 Years? ", "output": "30 year term life insurance is priced based on the age and health of the insured . In order to better answer this question , these two pieces of information would be necessary . You can contact an agent with this information to receive a free quote so you 'll know the cost of 30 year quote . "}
{"input": "How Much Does Allstate Auto Insurance Cost? ", "output": "The price of any brand of auto insurance depends upon several things . Your age is a big factor as well as your gender . Your previous driving record is going to play a big factor in the rates you get . If you have a lot of tickets or accidents you are a higher risk and will pay more . The key to saving on auto insurance is to shop the rate that YOU can qualify for with a dozen different companies or so . "}
{"input": "What Medications Are Covered By Medicare? ", "output": "Prescription medications are not covered by Medicare parts A or B . You have to purchase a part D plan separately . Part D plans are sold by private companies , and each one has a different list of covered medications -LRB- formulary -RRB- . The Medicare.gov website has a tool to help you identify the plan that provides the best coverage for your unique set of prescribed medications . "}
{"input": "Can A Nursing Home Take A Life Insurance Policy? ", "output": "If you have Term life insurance , there is no cash value in it to count as an asset in a Medicaid spend down . If you have Whole or Universal life insurance with a large amount of cash value , it may or may not exceed cash value limits of policies that you can keep while entering a nursing home with Medicaid funds . Your social worker will tell you . If your policy does have high cash value , there is a law that allows you to retain some of the death benefit and use your cash to pay for your nursing home care . Or , you can transfer ownership of your policy to someone else , if it will be at least 5 years before you need to use long term care , and if you do not have the resources to pay for it in other ways . The nursing home will not take your life insurance policy . It will be evaluated along with all your assets , if Medicaid is needed . "}
{"input": "Will Health Insurance Pay For Wisdom Teeth Removal? ", "output": "That is a great question ! Hopefully you have a dental policy ? That 's what normally would cover this . But your health insurance may cover some of it , depending upon the reason for needing them removed . Normal decay probably is n't going to be covered if you do n't have dental , I 'm afraid . Contact your HR person , or plan administrator and ask to be certain . Thanks for asking ! "}
{"input": "Will Health Insurance Pay For Wisdom Teeth Removal? ", "output": "The answer to this question would depend on the reason for the removal . Most claims for extractions are sent to your dental insurance first , not your health insurance . If the wisdom teeth are what 's called ` boney impactions ' , the claim will be sent to your health insurance company to coordination benefit with your dental plan , since that treatment is covered under health insurance . "}
{"input": "Why Is Critical Illness Insurance Important? ", "output": "Critical illness is a broad form of cancer insurance . A good major medical plan will cover the lions share of your medical bills but there are always deductibles , copay 's and coinsurance left over to be paid out of your pocket . A good critical illness insurance plan can help you pay these bills and a lot more . "}
{"input": "Why Is Critical Illness Insurance Important? ", "output": "Statistics show that a great percentage will contract any of the covered illnesses and that in the many that have had these illnesses was left with no financial resources to help treat the illnesses ; therefore , not able to work , pay the bills at home , and money for treatments . Depending on carrier and type of policy payments are lump sum and tax free from 20,000 to 1,000,000 . Converage is for Heart Attack , Cancer , Stroke , and Renal Failure . "}
{"input": "Why Is Critical Illness Insurance Important? ", "output": "Critical Illness Insurance is important if you have a high risk of getting a serous illness due to having it run in your family , and if you do not have savings to carry you through the time of treatment and recovery . Receiving a lump sum of money via a critical illness policy can make a big difference in your recovery as you have the extra funds to spend on time to heal , try new treatments , etc. "}
{"input": "What Is Covered Under Short Term Disability Insurance? ", "output": "Short Term Disability covers things like childbirth , broken bones , chemotherapy , and other situations that would cause someone to be off of work for a short time -LRB- generally under 6 months , but short term disability can last up to two years -RRB- . For conditions that are likely to drag on for years , Long Term Disability Insurance takes over . "}
{"input": "What Is Covered Under Short Term Disability Insurance? ", "output": "Sickness and injuries are often covered under a short term disability policy but the specifics vary by company . If you have existing coverage then review the policy for information on what is covered . If you are looking for a new policy , talk to an agent and determine exactly what is covered . "}
{"input": "Does Health Insurance Cover Adjustable Beds? ", "output": "Does health insurance cover adjustable beds ? If it is medically necessary and you can obtain a physician 's statement that it is needed for medical reasons , it may be possible to have it covered . Otherwise , based on my 32 years of experience , typically it is not covered on individual health insurance plans prior to 2014 . "}
{"input": "What Companies Offer Medigap Policies? ", "output": "Many insurance companies offer Medigap policies including Aetna , UnitedHealthcare , Blue Cross and Humana . Depending on your state , there will be dozens of carriers that offer affordable options . Perhaps the most difficult choice , however , is not necessarily choosing the company , but actually selecting the specific Medigap plan that is best to purchase . An experienced licensed broker and their website can help you find and compare the best options and select the policy that is most suitable for you . With more than 32 years of experience in the business , I have found that picking the best Medigap plan is one of the biggest financial challenges for consumers that have retired , or are nearing retirement . "}
{"input": "What Companies Offer Medigap Policies? ", "output": "Many of the `` big name '' companies offer Medigap policies . You can find plans from all of the Blue Cross plans , Aetna , Humana , Mutual of Omaha and others . But do n't discount the smaller carriers that may be lesser known . All Medicare supplement policies with the same letter are identical in every way ... except price . "}
{"input": "What Companies Offer Medigap Policies? ", "output": "Several of the big insurance company names offer Medigap Policies such as Mutual of Omaha , Transamerica , Humana , AARP & United Healthcare to name just a few . It can take a lot of time to research all the companies to figure out who has the best plan at the best premium in your area . A great way to save time would be to work with an independent agent that specializes in Medigap Policies . They will be able to show you all the plans available to you in your area & help you determine which Medigap Plan is the right fit for your needs . You will not pay anything for our service . "}
{"input": "What Companies Offer Medigap Policies? ", "output": "There are many companies that offer Medigap policies including AARP -LRB- insured through United Healthcare -RRB- , United of Omaha -LRB- now Omaha Insurance Company -RRB- , Anthem , Humana , CareFirst , Cigna , Aetna -LRB- via American Continental or Continental Life in some areas -RRB- , Medico , Central States Indemnity -LRB- CSI -RRB- , and New Era Life , just to name a few . Which carrier you have your Medigap policy through is not the most critical item as every carrier has to pay the benefits the same way - Medigap plans are standardized meaning a plan F from company ABC is exactly the same as a plan F from company XYZ . The price of the Medigap plan and the premium rating method the carrier uses are the two biggest factors to consider . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage and if you have any other questions . Thanks very much . "}
{"input": "Can You Claim Life Insurance As A Tax Deduction? ", "output": "Individuals can not claim life insurance premiums on their tax returns , as they are not classified as a medical expense . Businesses that purchase group life insurance for their employees are usually able to deduct the premiums they paid for the plan as a business related expense , at least up to the first $ 50,000 their employees receive . "}
{"input": "Can You Claim Life Insurance As A Tax Deduction? ", "output": "You can not claim life insurance as a deduction nor can you contribute to life insurance with pretax contributions . There are a few qualified defined benefit contribution plans that permit a portion of your annual contribution to fund life insurance , i.e. whole life 49.5 % and universal life 25 % . "}
{"input": "How To Claim On Renters Insurance? ", "output": "If you are sued call your insurance company immediately . Your policy probably has a toll-free number for the claims office . If you suffer damage to your property you might want to discuss the claim with your agent before filing a claim . Sometimes the recovery will be insignificant after payment of the deductible . If you file the claim you could be charged a point which would raise subsequent premiums . It is just good to talk that through before notifying the claims department . "}
{"input": "What Is Critical Illness In Insurance? ", "output": "Critical illness insurance is like life insurance but is a living benefit . Most policies will pay out on some type of health event like Stroke , Heart Attack , Cancer , and others . It usually pays a specified amount to the policy holder to take care of medical bills , lost income , additional care , or home modification . "}
{"input": "Why Is Life Insurance More Expensive For Males? ", "output": "For some reason -LRB- scientist and sociologists will say for a number of reasons -RRB- , the life expectancy for females is longer than for males . Since life insurance premiums are based on actuarial tables and the probability of death at different ages , the cost of life insurance for males is more expensive than for females of the same age . "}
{"input": "Why Is Life Insurance More Expensive For Males? ", "output": "It has to do with mortality rates . Statistically , women live longer than men . My theory after 25 years of marriage is that women drive us to an early grave , but that is just my observation . Men do have a tendency to not see their doctors on a regular basis , take more physical risks and endure more occupational stress than our female counter parts . Buy life insurance and godspeed sir ! "}
{"input": "When Can You Cancel Homeowners Insurance? ", "output": "You can cancel homeowner 's insurance at any time . You simply notify your existing insurance company and indicate the date that you wish to terminate coverage . However , if you have an existing mortgage , your loan company may have something to say about the termination of the mortgage . And under the terms of the loan , you may not be able to end your policy without some ramifications . "}
{"input": "Does Owning A Home Affect Car Insurance? ", "output": "Yes and no . I said no because owning a home does not make you a better or worse driver . So , when actuaries are going through and determining premiums for losses and gains they will probably not give any significant weight to owning a home . I also said yes because if you group your home and auto together most insurers will give you a multi-policy discount . This is just a discount for doing all your business with one insurance company . "}
{"input": "Does Owning A Home Affect Car Insurance? ", "output": "Before the advent of the use of the use of a credit score and multi-variant rating formulas , rate making relied upon what the industry referred to as `` stability factors '' to arrive at rates . Stability factors are things like age , marital status , whether you have a job , have children , and similar types of considerations . The idea was -LRB- and is today -RRB- a person had a better chance of being profitable as a customer -LRB- from the insurer 's point of view -RRB- if you are stable . So , stability factors were things about you and your life that reflect upon your commitment to stability . Owning a house was certainly a stability factor . Today , the rate making logic is decided on a similar assumption about your stability as a customer but we lean harder on credit as an -LRB- all encompassing -RRB- indicator than we do on these other factors . However , most carriers have more than one rate that is possible depending upon answers to the stability factors that are being considered , with credit score and claims history being primary factors . Because the question is an open question subject to more than one interpretation , owning a home does enter into auto insurance from a stability point of view , and a rate point of view . Carriers understand that customers with auto or home , but not both , have more claims and cost more on claims . Those with auto and home together with one carrier will be -LRB- on average -RRB- 15-20 % less costly to insured from the claims point of view . That is why carriers offer auto-home multi-line discounts because they know the customer will be a better risk , incur fewer losses , and have losses that cost less , than the customers with only a single line of business with the carrier . So , it is true that owning a home does have an impact on auto insurance . Now , where it is n't likely to have any impact is on the policy coverage itself . Home and auto policies alike are written to provide the coverage intended so having a homeowner policy is n't likely going to impact the coverage on your auto policy . These are the three possible paths your question creates -LRB- in my assessment -RRB- so yes , having home insurance does impact auto insurance from a cost and underwriting perspective , but not from any coverage issue by and large . "}
{"input": "Does Owning A Home Affect Car Insurance? ", "output": "most companies give a 25 to 30 % discount on the home and 5 to 10 % on the auto policy if you place both polciies with the same company . We can thank Progressive and Geico for this discount as these carriers only want the customers auto insurance . In the past year or so both companies have partnered with a home insurance carrier to bundle . "}
{"input": "When Do You Have To Have Health Insurance By? ", "output": "As of 2014 , it will be against the law to not have qualified health insurance in place . Although the penalty is not substantial -LRB- less than $ 100 for an individual -RRB- , it will start increasing the following year . If you 're young and healthy and unlikely to utilize the policy , you can minimize your cost by selecting a `` Bronze '' contract . You may also be eligible for a federal tax subsidy that could save you money . A broker will help you quickly find the best options . As brokers , we charge no fees and provide the expertise to `` navigate '' the confusion of Obamacare . "}
{"input": "Why Do They Take Blood And Urine For Life Insurance? ", "output": "Why do they take blood and urine for life insurance ? Because tests on both blood and urine provide a wealth of information about a person 's current health . Just as your regular doctor would do , the labs produced from these two draws provide information on organ function levels , blood sugars , cholesterol and other body chemistries . Sort ofa snapshot of your health on a given day . "}
{"input": "Why Do They Take Blood And Urine For Life Insurance? ", "output": "These exams are taken to test for certain illnesses and precursors to illnesses . Many diseases can be discovered through blood samples and urine because the labs test for certain abnormalities in the blood , sugar levels , etc. . In some cases , the lab may find things that your family doctor has n't detected or even tested you for . Also , as stated before , drug abuse may be uncovereded through these exams . All these factors affect insurance underwriting and rates . The less healthy you are , the higher the risk for the insurance company to put coverage on you . "}
{"input": "Why Do They Take Blood And Urine For Life Insurance? ", "output": "The life insurance company takes blood and urine tests during the life insurance application process in order to test for a number of things . They are looking for evidence of heart disease as indicated by cholesterol and other lipids , diabetes as evidenced by glucose , liver function , kidney function , blood diseases , tobacco use , drug use and HIV , among others . "}
{"input": "Why Do They Take Blood And Urine For Life Insurance? ", "output": "This is designed to test for tobacco , drugs , and sexually transmitted disease such as HIV . A famous basketball player discovered he had HIV through an insurance exam . By doing blood and urine it helps the company putyou in the proper rate class . If you are clean this can be a benefit and save you money on your premium byhelpingyou qualifying for super-preferred rates . "}
{"input": "Why Do They Take Blood And Urine For Life Insurance? ", "output": "Life insurance requires a determination of an applicants medical condition . Collecting samples of blood and urine can test for a battery of health items that may point to a condition that has mortality ramifications . The longer the life expectancy the lower the premiums for the death benefit . Conversely , the shorter the life expectancy , the higher the premium . "}
{"input": "Will Homeowners Insurance Cover A Tree Falling On My Car? ", "output": "Your homeowners insurance would not cover this sort of incident , but your auto insurance may if you have comprehense insurance coverage less your deductible . Read your policy completely to understand the coverage provided and any exclusions that may be contained within or contact your local agent to have them go overth policywith you . "}
{"input": "Can I Have Medicare And Medicaid? ", "output": "Yes . Eligibility rules for Medicaid is going to vary by state . Medicaid can help pay for services and costs that Medicare does n't cover . When you have both programs , Medicare pays first and Medicaid will pay second . If you qualify for Medicaid in your state , you automatically qualify for extra help paying for your Medicare Part D prescription drug coverage . "}
{"input": "Who Provides The Best Long Term Care Insurance? ", "output": "There are many top-rated carriers that provide affordable , but quality long-term insurance coverage . The key is finding an experienced full-time broker -LRB- or financial planner -RRB- that will help you compare your best options . Your budget , health , and other factors will be taken into consideration and you 'll be working with the best available resource . Part-time employees , radio/tv/media workers and unaffiliated and uninterested persons can not provide the expert guidance that you need . "}
{"input": "In What States Is Car Insurance Not Required? ", "output": "Virginia does not require you to carry car insurance as long as you pay an uninsured motor vehicle fee to the state . New Hampshire and Mississippi will offer vehicle owners the option to post a cash bond . All other states will require you to maintain auto insurance to operate a motor vehicle on the roadways . "}
{"input": "Does Renters Insurance Cover Basement Flooding? ", "output": "Renters insurance will not cover flood damage . Some renters policies may offer sump pump and sewer back up coverage at an additional cost . Flood insurance is sold separately and requires an agent be licensed to sell it . If you feel you need flood insurance coverage I would suggest contacting your local agent and discussing it with them . "}
{"input": "How Long Does Life Insurance Underwriting Take? ", "output": "Life Insurance underwriting takes as long as it takes the life insurance underwriter to collect all the data needed to approve your policy . If you apply for a policy that does not need any exam or medical records , the process may take less than 24 hours . If they do not require an exam but can order medical records , it will take as long as it takes you or your doctor 's office -LRB- s -RRB- to provide those records . If they require an exam , you will not be approved until at least 3 days after you take the exam . In other words , the faster you and your doctor 's office -LRB- s -RRB- respond to the underwriter 's requests , the shorter the time it generally takes for your policy to be approved . However , things can get held up if life insurance companies get behind , the paramed examiner will not work with you to set up your exam , your doctor 's office is slow to provide your medical records to the life insurance company , and/or additional medical records must be ordered weeks or months into the process . Above all , a good Case Manager who regularly communicates with you and the insurance company can shave time off the underwriting process . Using an agency that has great customer service may not only help speed things up , it may be the key to getting your life insurance put into effect , period . "}
{"input": "How Long Does Life Insurance Underwriting Take? ", "output": "How long can underwriting take ? Anyway from a few days to several months . Some plans do not do a deep search and may only take a day or two . Expect to pay a lot for coverage from companies who offer these plans . They 've already assumed yes answers to the unasked questions . Most fully underwritten plans will take about 60 days from application submittal to policy issue , which also is reflected in the price in a positive way for the purchaser . "}
{"input": "How Long Does Life Insurance Underwriting Take? ", "output": "Guaranteed and simplified issue can take up to a week with life insurance companies who are leaders in jet issue . Conventional underwriting has time components to the process . The first is gathering all requirements for review . The second is the review process , which from company to company can be as much as a 30 day difference . The third is the final underwriting offer and acceptance by the owner of the policy . The best scenario with all requirements received is generally 30 days . The worst wait with all requirements received can be 90 days . During the fourth quarter these times can be acerbated by an increase in end of the year underwriting due to impaired risk submissions . "}
{"input": "Where Do I Sign Up For Medicare Online? ", "output": "That is a great question ! You can go directly to the Government 's site for Medicare , WEBSITELINK to enroll . I will not lie , it looks confusing , but it is really very simple . Look for the drop box that is what you are looking for , and follow the prompts . If you are not very computer savvy , have a family member you trust help you , or as Jason suggested , your Social Security office case worker . If you need help , please contact me , and I 'll be happy to help , okay ? Thanks for asking ! "}
{"input": "Where Do I Sign Up For Medicare Online? ", "output": "If you are signing up far enough in advance then SSA.gov will make it easy for you . If you are in a time crunch and getting close to the effective date you may want to visit your local Social Security office . However , signing up for Medicare Part A & B will not cover everything for you . I suggest looking into a Medicare Supplement plan to cover what Part A & B does not . There are many plans out there so I suggest contacting a independent agent that specializes in Medicare Supplement plans . They will be able to save you a lot of time and money picking the plan that fits your needs the best . "}
{"input": "Where Do I Sign Up For Medicare Online? ", "output": "You can sign up to receive Medicare benefits on the social security administration website , ssa.gov . I believe you can click on `` Medicare '' under the benefits tab . There should be some easy instructions there that will walk you through the sign up process . Signing up online is preferable for those applying during their initial enrollment period -LRB- 3 months before age 65 , the month you turn 65 , and the 3 months after you turn age 65 -RRB- . If you 're applying under special enrollment , I recommend going down to your local social security office to get your paperwork processed . Please feel free to contact me with any other questions . Thanks very much . "}
{"input": "Does Getting Auto Insurance Quotes Affect Credit Score? ", "output": "The auto insurance company may request a copy of your credit report in connection with a quote for coverage . Many carriers use credit scores to determine the premium rates to charge each driver . A soft inquiry would be logged on your file . This differs from a hard inquiry which is associated with credit seeking activity . Soft inquiries are not a factor in determining your credit score . "}
{"input": "My son is 18 and living at home and my daughter is 20 living at home. Do I need to insurance them or just the vehicles? ", "output": "An auto policy insures an automobile . The automobile is registered to at least one member of a household . The entire household is insured while operating that vehicle . You can exclude a poor driver . If excluded the driver can not operate any vehicle registered to the household . If a covered driver operates an auto that is not registered to the household , coverage is extended in the event the loss in an accident exceeds the limits of the policy covering that vehicle . "}
{"input": "My son is 18 and living at home and my daughter is 20 living at home. Do I need to insurance them or just the vehicles? ", "output": "Any person of driving age that lives with you needs to be listed on your auto insurance policy . If not , a claim could be denied if one of them were to get in an accident . A lot of people have ended up in hot water over that before . Now , if your kids NEVER drive your vehicle , you can list them as an excluded driver -LRB- not all companies allow excluded drivers but most do -RRB- . This will not affect your rates because they are excluded from coverage . However , be very careful with that too ! Excluding a driver means that there 's no coverage whatsoever with that driver behind the wheel . Not in an emergency , not on prom night ... . never ! If they cause an accident as an excluded driver , YOU are on the hook as the vehicle owner . So be warned ! "}
{"input": "My son is 18 and living at home and my daughter is 20 living at home. Do I need to insurance them or just the vehicles? ", "output": "My first question is who owns the vehicles . If the cars are registered in the kids names most insurance providers will not allow you to add their vehicles to your policy unless they are co registered . Otherwise any household operator either needs to be listed to be covered under the policy or excluded . "}
{"input": "Does Geico Have Homeowners Insurance? ", "output": "Geico is a National Automobile Insurance provider ; the insurance company does not underwrite Home Insurance . However , they have a wholly owned subsidiary insurance agency which brokers out home insurance to other insurance companies . Since you will not receive a multi lines policy from an insurance company if your home and auto are not with the same carrier ; you would be better informed if you were to purchase the auto insurance from Geico and purchase the home insurance directly from a discount home insurance company . An online format to obtain a quote and buy home insurance online has been discovered ; it may be used by Escrow Professionals , Mortgage Professionals and directly by Consumers . This link is an exemplary online experience for all ! WEBSITELINK "}
{"input": "How To Find Out What Life Insurance Someone Has? ", "output": "I feel like the poster child for this question with my father recently passing away at age 84 with 5 small , obscure , life insurance policies for which my mom just got paid . One was taken out when he was 16 years old from a company that we never heard of . I entered the name of the original company in a search engine and quickly found the name of the company now in charge of the policy . Our funeral director tracked it down . If you have the name of the company , you will find the money . If you do not have the policy number or do not know whether the deceased person even had life insurance , you can start by digging in their records and talking to relatives to see if the deceased person mentioned any to them . I have had calls from people who found my email on their relatives ' computers , asking if their loved ones had responded to the quotes I had given them . If all fails , life insurance that goes unclaimed can end up in the files of the state where it was purchased , after a few years . Check out this website for more information : WEBSITELINK "}
{"input": "Mother had a policy on her nephew and recently passed. Now insurance company says that her nephew is now the owner of the policy. Can this happen? ", "output": "It does depend upon the specific circumstances when the life policy was purchased 38 years ago . It is not unusual for this to happen on most policies on minor children . Your mother was the owner and her nephew the insured . If the owner dies before the insure , the life insurance company has no choice but to make the insured the owner . Your mother can not name anyone else as owner , so I 'm not sure without full cooperation of the nephew , this will remain the same . Life insurance proceeds are outside of the will . "}
{"input": "Mother had a policy on her nephew and recently passed. Now insurance company says that her nephew is now the owner of the policy. Can this happen? ", "output": "This could happen if your mother 's nephew was named as a contingent owner on this policy . She may have set it up that way just for a time like this , when she was no longer alive to pay the premiums . That way , he could then own his own policy and pay his own premiums . He would also then choose his own beneficiary . "}
{"input": "Who Is Western National Life Insurance Company? ", "output": "If you want to know more about any particular insurance company , I recommend going to a resource that can give you independent information or ratings . For example , if you were buying a microwave , I would suggest Consumer Reports . You can research most insurance companies through AMBest.com , WeissRatings.com , or StandardandPoors.com . `` I am a Farmers agent but my posts are my own and are not statements by or for Farmers . '' "}
{"input": "Who Is Western National Life Insurance Company? ", "output": "Western National Life Insurance Company -LRB- WNL -RRB- merged into American General Life Insurance Company -LRB- AGL -RRB- on December 31 , 2012 . Their corporate office is in Amarillo , TX . They offer many different types of annuities and single premium life insurance . Their annuities include : single premium , flexible premium , single premium immediate annuity and single premium delayed annuity . "}
{"input": "How Often Will Medicare Pay For A Glucose Meter? ", "output": "Most diabetic supplies are covered under Medicare Part B including blood sugar monitors , test strips and lancets . Medicare sets a limit on the number of lancets you can get during a 90 day period . If you need more your doctor must certify they are medically necessary . Medicare will not pay for any supplies -LRB- icluding monitors -RRB- sent to you directly that you did not order . You should always use a Medicare approved DME supplier that accepts assignment . "}
{"input": "Is Variable Annuity A Security? ", "output": "That is an excellent question ! Unlike fixed annuities or indexed annuities , yes , variable annuities are considered a security . The agent needs to have a securities license to sell you one , and you will have all kinds of authorities looking over the process to ensure that it is right for you . These can be very risky investments , so please be sure that you understand what you are buying . Thanks for asking ! "}
{"input": "Is Variable Annuity A Security? ", "output": "FINRA governs the sale of variable annuities . This association implements the directives of the Security and Exchange commission . Your state insurance commissioner supervises the activity of the agent selling that annuity because it is an insurance product . The idea behind a variable annuity is to participate in the rise and fall of a group of securities that matches your tolerance for risk . "}
{"input": "Is Variable Annuity A Security? ", "output": "Is a variable annuity a security ? Yes , a variable annuity is subject to the same rules and oversight of the SEC that a security would be . A person selling variable annuities must be securities registered and comply with all the transaction rules established by FINRA and the SEC . One other thing to think about if you 're considering a variable annuity is that the RISK in type of product is more along the lines of a stock purchase than a nonqualified product like a fixed annuity . "}
{"input": "Is Variable Annuity A Security? ", "output": "A variable annuity is a security governed by the SEC and sold through FINRA registered representatives hold at least a series 6 and 63 license . It also has an insurance component to it as well . And to the extent that it is an insurance product is subject to the department of insurance jurisdiction . "}
{"input": "Is Homeowners Insurance Cheaper For New Homes? ", "output": "It may be . Normally newer construction is more accurately priced for reconstruction valuation when you are seeking a quote for coverage . Newer homes are typically less prone to some incidents that occur in older homes because of the age and deterioration of material or lack of maintenance to the premise . Every carrier sets there own rates for the geographic locations that they have a presence in and in some cases may weigh the risk of new construction and some older construction the same . Contact a local agent to discuss coverage availability and pricing within your area . "}
{"input": "What Is Unscheduled Personal Property Home Insurance? ", "output": "A homeowners policy provides a stated amount of coverage for personal property . This is `` unscheduled personal property . '' There is an option to purchase a floater where specific items will be insured to full value , and the deductible is not charged . This is called scheduled property . Not all property can be scheduled . It must be replaceable and the value set by a competent appraiser . This type of coverage is used most frequently for jewelry because the homeowners policy has a limit for coverage for jewelry . "}
{"input": "What renters insurance covers the entire U.S. no matter where you are living? ", "output": "Renters Insurance is available for tenants in all States . Renters Insurance Policies cover personal property , additional living expenses , personal liability and medical payments to others . Renters Insurance can be purchased by tenants renting houses , apartment units , condos and townhomes . Renters Insurance is transferrable from one rental unit to another when the insured moves ; however , it is not transferrable across State lines since policies need to be rewritten according to State Department of Insurance regulations which are different in each State . Stillwater Insurance Group offers the most affordable options for renters ; there is also an online self service renters insurance platform available directly for clients ' use : WEBSITELINK Using the above link , you may obtain a free quote and purchase your insurance contract directly online . For further questions regarding any details , you may contact a licensed representative at : -LRB-877-RRB-\u00a0931-3368 . "}
{"input": "What renters insurance covers the entire U.S. no matter where you are living? ", "output": "Because the regulation of insurance is a state responsibility a different policy must be selected any time you move to a different state . Many companies operate in most or all of the states so this doesnt have to be a big problem just call your insurance company to determine if they can cover you in your new place and they will arrange for an agent to contact you . "}
{"input": "What Life Insurance Builds Cash Value? ", "output": "The actual cost for providing insurance for one year increases as an individual ages . In order to provide a level death benefit in exchange for a level premium , insurance companies must charge more at the younger ages to offset the cost at the older ages . This extra money becomes the cash value of a permanent life insurance policy . Permanent life insurance policies come in several stripes depending on guarantees included in the policy . The company will surrender the cash value at any time in exchange for a release from the companys promise to pay the death benefit . They will also allow the owner to borrow against the cash value of the policy . "}
{"input": "What Life Insurance Builds Cash Value? ", "output": "To clarify the question : what life insurance can build cash value ? Generally , there are four types of cash value products that could generate accumulating cash values : Current Assumption Universal Life , Indexed Universal Life , Variable Universal life and Participating Whole Life Insurance . The performance of interest rates , indices and market equities may or may not credit any earnings and life insurance has policy expenses . Each policy owner must assess their risk tolerance for each type of life insurance contract . Participating whole life insurance base policies have guaranteed cash values . Lastly , a few guaranteed universal life insurance policies have some cash values in the later years , but should not be considered as a cash accumulation vehicle . "}
{"input": "When Is Life Insurance Not Necessary? ", "output": "Some people -LRB- my husband included -RRB- feel that life insurance is not necessary if they have saved up or invested enough money to cover any needs that might arise . I disagree in the respect that savings and investments can be depleted on medical bills , long term care costs , or other large expenses . Whereas life insurance pays out at death , so it is protected from being exhausted prior to death , and can pay off even bills or final expenses after savings run out . "}
{"input": "When Is Life Insurance Not Necessary? ", "output": "If you do not own anything and have no family then life insurance may not be necessary but keep in mind someone will have to pay the cost of disposing of your body , either by creation or burial in potters field . My opinion is that everyone should at least have enough insurance or money set aside to pay for the cost of cremation . "}
{"input": "When Did Medicare Part D Become Effective? ", "output": "January 1,2006 was the effective date for Medicare Part D. Coverage can be obtained by enrolling in a PDP -LRB- Prescription Drug Plan -RRB- or a Medicare Advantage Plan -LRB- MAPD -RRB- that covers medical/hospital/prescription drugs in one plan . I recommend contacting an independent agent who specializes in Medicare plans to help determine the best plan for your specific needs ... "}
{"input": "When Did Medicare Part D Become Effective? ", "output": "Medicare Part D became effective on January 1 , 2006 . It is available to persons enrolled in Medicare Part A and B for prescription drug payment assistance , by joining a PDP -LRB- Prescription Drug Plan -RRB- . Or you can join a Medicare Advantage Plan -LRB- MA -RRB- that covers services and drugs in one plan . "}
{"input": "What Is Wrong With Fixed Index Annuities? ", "output": "Fixed annuity products are not wrong in and of themselves . There are poorly constructed and low crediting rate annuities to be sure , but there are good ones as well . The annuity policy is only as good as the insurance company behind them and the annuity has to fit the product suitability of the policy owner . "}
{"input": "Can A Corporation Pay For Disability Insurance? ", "output": "The business can pay for short or long term disability insurance in a employer sponsored group plan . But some corporations do n't carry long term disability in their group plans , so they offer long term disability to their key executives as an extra retention benefit . They may be able to deduct the premiums , however if they do the benefits may be taxable . "}
{"input": "Does Auto Insurance Go Down When You Get Married? ", "output": "It can go down yes , in part because of your marriage but also in part because you have added your new spouse and their car to your policy . In addition to different rating factors that a company may have filed to use you could also be taking advantage of a multi car discount . "}
{"input": "Does Auto Insurance Go Down When You Get Married? ", "output": "Your auto insurance often reduces when you get married , although there are a few factors that impact the discount . If you are very young -LRB- under age 30 -RRB- , the reduction is likely to be larger . At older ages , there may not be much of a difference . There are many additional discounts that can reduce your premium . As experienced brokers , we shop all of the top-rated companies and find the lowest prices , so you can save ! "}
{"input": "How To Become A Life Insurance Underwriter? ", "output": "To become a Life Insurance Underwriter it is helpful to first earn a Bachelor 's Degree in a business or math related field . If you want to go on to become a Senior Life Underwriter , getting a Master 's Degree will be helpful . Some positions do not require these degrees , but having them can help you get a job and advance in your job . You will need to be certified at some point . The CLU -LRB- Chartered Life Underwriter -RRB- designation from American College consists of passing 8 exams and earning this designation would set you apart as one of the most qualified professionals in the industry . Working in a life insurance home office would also be helpful to gain experience and work your way up to becoming a Life Insurance Underwriter . "}
{"input": "Can I Get Insurance On A Car I Don't Own? ", "output": "Car insurance needs to be obtained by the legal owner of the vehicle . You can not insure a car that you do not own . However , with the owners permission you can pay for the car insurance and be listed as a driver if you will be driving the car on a regular basis . Parents do this a lot for children who need help getting started on their own . "}
{"input": "Can I Get Insurance On A Car I Don't Own? ", "output": "If you do n't own the car then typically you ca n't insure the vehicle , you do n't have an insurable interest . If you are worried about having liability insurance when you drive other peoples vehicles then there is a type of policy you can purchase called a broad form policy . It provides you with liability coverage and does n't cover a specific vehicle . Understand that broad form insurance does not give you the option to purchase physical damage coverage such as comprehensive andcollision . If you were at fault in an accident , repairs to the car would not be covered . "}
{"input": "Can I Get Insurance On A Car I Don't Own? ", "output": "As long as you are an authorized driver of that vehicle and the vehicle 's owner has coverage on the vehicle and you reside at the same premise as the vehicle owner you should be able to secure liability coverage for yourself on that vehicle . Contact a local agent to find out more about coverage availability and pricing in your area . "}
{"input": "Can I Get Insurance On A Car I Don't Own? ", "output": "One of the fundamental principals of insurance is that you must have an interest in the item before it can be insured . So the basic answer is no , if you do not own the car and have no interest in the car , then you can not purchase insurance for it . However , there are different interests you can have besides ownership like renting or borrowing . If you have a long term rental agreement you can get insurance or if you are borrowing someone elses car for a long time you can get insurance . In either scenario you will have to coordinate your insurance coverage between the rental agency and the actual owner of the car . "}
{"input": "Can I Get Insurance On A Car I Don't Own? ", "output": "Yes , if you drive the car regularly then you want to get a Non-Owned auto policy . This is common for example if an elderly parent who does not drive owns the car but you use the car . Talk to a good local independent agent to find a competitive auto insurance plan that will meet your needs . "}
{"input": "Who Should Buy Long Term Care Insurance? ", "output": "A better question would be `` Who Should n't Buy Long-term Care Insurance '' ? Thats simpler to answer . The following people should NOT buy long term care insurance : 1 . Those that can not afford the premium on even a base policy . 2 . Those that have virtually no assets to pass on to the next generationand will need every available dollar saved for retirement . 3 . Those that will have to work until they die for lack of savings and insufficient Social Security payments or private pension . 4 . Those that can not medically qualify . 5 . Those that are already unable to perform regular daily activities of living without assistance . People in those conditions may qualify for the payment of long-term care through Medicaid -LRB- MediCal in California -RRB- if they come to a point in their life where they need care and ca n't afford it . If the above conditions describe you in any way , you should be sitting down with your adult children or closest relatives and coming up with a plan of action should you be unable to take care of yourself . Everyone else should consider buying some long-term care insurance through an agent or agency that either specializes or has a specialist that is experienced in handling long-term care insurance casework . Having some amount of insurance is better than having none . When one qualifies to receive payments from the insurance company for long-term care , they are usually near the end of their life . The average long-term care claim is approximately 2 - 2.5 years . For those that need care longer than that , virtually all but the most unusual claims are paid out after 5 years . Families with a history of late-life mental illness -LRB- dementia or Alzheimers -RRB- should consider buying a larger pool of money than others , if they can afford it . It is in the best interest of the adult children to help out with long-term care premium payments if the elderly parents can not afford to pay all of the costs . Long-term care is an emotional , psychological , sociological , and family problem as much as it is financial . For the dignity of those who need care and the people or person most likely to be the caregiver , there needs to be a plan of action determined and long-term care insurance should be a part of that plan if it can be afforded and the person is medically qualified . Long-term care insurance is best purchased when young . Premiums can and will go up during the life of the policy if all the bells and whistles are included in the design of the coverage . But , those increases will seem like pocket-change if one needs long-term care . $ 80,000 per year is not unusual for facility care today . 24/7 home care can exceed $ 20,000 per month ! With family help , home care costs can be kept down . But , if facility care is required , there 's not much that can be done about avoiding high costs . Long-term care costs vary by place . The left - and right-hand coasts are the most expensive . Relocation may be necessary to get affordable care in a quality facility . "}
{"input": "How Do I Meet My Health Insurance Deductible? ", "output": "Your health insurance deductible is the amount that the covered individual must pay out of their own pocket before the health insurance plan begins paying for covered health care expenses . Deductibles can vary from one insurance policy to another . As an example , let 's say you have a health insurance policy with a $ 2000 deductible followed by 100 % co-insurance coverage after that amount.You are thenhospitalized for heart surgery under this policy and the total bill is $ 50,000 . You would be 100 % financially responsible for the first $ 2000 of that bill -LRB- your deductible -RRB- and the health insurance carrier would pay the remaining $ 48,000 . You have `` met '' your deductible by incurring expenses in excess of your plan 's deductible . As many healthcare providers and hospitals will tell you , there is a difference in someone `` meeting '' their deductible and actually paying their deductible expenses . So , inour example , as long as the policy holder keeps paying their health insurance premiums their health insurance will remain in effect even if the policy holder pays none or only a portion of their $ 2000 deductible amount . This is why a growing number of consumers are receiving demands for upfront payment of their deductible and co-insurance cost sharing amounts from some healthcare providers before they will provide services . I just had a friend ask me about this very situation for one of her coworkers who had recently learned she was pregnant and who was told by their OB/GYN that they wanted payment for the person 's $ 1500 deductible and their 30 % co-insurance cost sharing for the OB/GYN to provide their services to that person . "}
{"input": "Does Homeowners Insurance Cover Leak In Roof? ", "output": "It may . It will primarily depend onwhether the leak was the result of a covered loss or not . Under normal circumstances and the leak not caused by a covered event ; the leak would more than likely not be covered . Please remember every policy is different . Please read your policy completely to understand the coverage provided and learn of any exclusions contained within or contact your local agent to have them go over the policy with you . "}
{"input": "Why Has Homeowners Insurance Gone Up? ", "output": "Homeowner 's insurance premiums have gone up because the average coverage on homes has increased over the years . Not only are dwelling amounts increasing , but the personal property and other parts of the policy have higher amounts . Liability costs and medical cost are higher than they were in the past and that has increased costs . And of course , national disasters -LRB- such as the recent tornadoes in Oklahoma -RRB- continue to cost billions of dollars to insurers . "}
{"input": "How To Get A Medigap Policy? ", "output": "You can buy a Medigap policy through a Medigap insurance agent - I highly recommend doing it through an independent agent who can shop your case among many carriers instead of just 1 or 2 through a captive agent -LRB- agents who are basically employees of a specific company -RRB- . You can apply for a Medigap plan up to 3 months before your Medicare Part B effective date - you must have both Medicare Part A & Medicare Part B to buy a Medigap plan . Once you have an established Medicare Part B effective date , you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting - this is THE BEST time to buy a Medigap plan . After this point , you can buy a new Medigap plan whenever you would like -LRB- there are no annual enrollment periods for Medigap plans -RRB- , however , you would have to go through medical underwriting if you do n't qualify for a special enrollment period or a guaranteed-issue right . Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize . It 's not all about price as some may believe . You need to look at the carriers ' premium rating methods -LRB- community , attained , or issue age rated -RRB- , their rates , their rate increase history , their service history , and other factors . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs , including providing quotes and plan comparisons , and if you have any other questions . Thanks very much . "}
{"input": "How Can I Get Life Insurance On My Parents? ", "output": "I would assume by the nature of your question , you are an adult and your parents are aging . If you were young and dependent upon their care and income , the answer would be most definitely , they should both purchase life insurance to protect you from a financial disaster . You can purchase lower face amounts of life insurance on your parents without a large burden of insurable interest . Typically this is done for final expense or cleaning up some debt at their passing . Keep in mind even though you are allowed to own the policy , pay the premiums and be their beneficiary , the parents will be the insureds . All insureds must sign the application with full knowledge of what they are purchasing . The underwriter will want your parents health history , life style , age , etc. . Depending on the age and face amount , it is possible they will need a paramed exam for blood , urine , EKG , etc. . Just be sure they are informed of your decision before starting the process . "}
{"input": "How Can I Get Life Insurance On My Parents? ", "output": "To get life insurance on your parents , the first step would be to gather their health information . Ask them for their medications , dates of diagnoses , treatment dates , whether they use -LRB- d -RRB- tobacco and when , and their weight now and a year ago . Often adult children think they know all these details about their parents , but it never hurts to ask . Being declined for an overlooked health reason is hard on both parents and children , and can be avoided with thorough fact finding ahead of time . Once you have this information , you can shop agencies that carry senior policies and/or final expense policies to get their best price . Some of these policies will simply require your parents to sign the application ; some will require a phone interview ; and some will require an exam . If you do not know what your parent is willing to go along with ahead of time , gather quotes for a couple different types of policies to present to them . If you are applying for a large face amount , the life insurance company will require that you have a financial interest in your parents ' lives , such as you living in their house or they living in yours . Smaller face amounts for final expense purposes will not usually have that requirement . "}
{"input": "How Can I Get Life Insurance On My Parents? ", "output": "You can apply for life insurance insuring each parent and be the policy owner and beneficiary.They would have to be insurable.The insured parent would have to consent to the coverage and the release of medical information with their signature . While you might wish to apply for one policy on each parent , policies are available insuring both on one policy that pays at the death of the second to die , which may be a better fit for your needs and be more cost effective than two policies . "}
{"input": "What Happens If My Auto Insurance Lapses? ", "output": "If you live in a state where auto insurance is required in order to maintain registration , then in many cases , like here in Connecticut , the insurance company will notify your state 's Department Of Motor Vehicles -LRB- DMV -RRB- about the lapse . DMV will send you a letter for each of the cars on your policy asking that you show proof of continuous coverage from the date of the lapse . If you have not obtained coverage elsewhere , DMV will notify you that your registrations will be suspended and then also levy a fairly hefty fine . "}
{"input": "What Happens If My Auto Insurance Lapses? ", "output": "If your insurance lapses all coverage will cease . Any losses incurred after the lapse will not be covered . You will still be responsible for any premium outstanding on the policy . In California , the motor vehicle department will be notified . If you have a lender , the lender will be notified . At the lenders option forced coverage can be ordered . You will not be happy with the price of that coverage . "}
{"input": "Much Does Auto Insurance Cost Per Year? ", "output": "The cost of auto insurance will vary based on many factors . Such as driving record , geographic area , marital status , type of coverage , credit rating , just to name a few . I have seen policies as low as $ 30/mo for liability only coverage to hundreds of dollars . Contact your local agent and they will be able to provide with the coverages that are available in your area and the pricing for them . "}
{"input": "Should I Pay For Disability Insurance? ", "output": "If you do not receive Disability Insurance for free through your place of employment , you should most likely pay for Disability Insurance . If your paycheck is essential to maintaining your standard of living , and if you can afford to pay the Disability Insurance premiums , it is definitely a worthy expense . "}
{"input": "Should I Pay For Disability Insurance? ", "output": "If your ability to earn a living is important , then you should obtain disability insurance . Many employers provide `` short term '' disability insurance . taxable benefits lasting up to 6 months or a year . Long term disability policies provided by employers are generally hard to collect on , especially for a long term disability . The best individual policies provide the following benefits : 1 . The insurer ca n't increase premiums before age 65 2 . The insurer ca n't decrease benefits 3 . You will be paid if you ca n't do your regular occupation , whether the disability is caused by illness -LRB- 92 % are ! -RRB- or injury , on the job or off 4 . You will receive benefits if you ca n't work full time , or you ca n't do all the facets of your regular job , and suffer an income loss "}
{"input": "What Happens To Homeowners Insurance When Someone Dies? ", "output": "The homeowners policy covers the property . In that regard the policy would continue to protect the home . It would be wise to contact the insurance agent and have the insured changed to reflect the new ownership . Mortgage companies require continuous coverage so it is important to keep coverage in place . "}
{"input": "How Long Can A Home Insurance Claim Take? ", "output": "Great Question . First of all if you have a current home insurance claim right now open I hope you are doing okay and hope it will resolve soon . A claim is hard to say on the time it takes to close the claim . It depends on the severity of the claim and if its home claim or Condo claim . But typically the insurance company would like to close most claims in 30 days or less . "}
{"input": "What Is The Average Monthly Cost Of Health Insurance? ", "output": "It will vary greatly due to a number of factors including ; -LRB- 1 -RRB- current health status . How healthy are you when you apply ? -LRB- 2 -RRB- age - younger ages tend to be less expensive -LRB- 3 -RRB- tobacco use - smokers pay a higher premium -LRB- 4 -RRB- past health history -LRB- 5 -RRB- location - certain areas are more expensive to have insurance than others . I would suggest you visit a brokers website and do a quote online . You will also find carriers offer various prices due to your deductible choice , coinsurance , etc. . "}
{"input": "What Is The Average Monthly Cost Of Health Insurance? ", "output": "The average monthly cost of health insurance depends on many variables . Among the biggest factors influencing your rate are your age , where you reside -LRB- state and zip code -RRB- , your smoking status , what health conditions you have , and the type of benefits your policy will offer . For example , a single healthy young person in Ohio could pay as little as $ 25 per month for a short-term plan , since prices for health insurance in Ohio are very affordable . Conversely , New Jersey medical coverage prices will be substantially higher , as will most other states . Allow an experienced broker help you shop and compare . Our websites also are typically very helpful to consumers shopping for healthcare coverage . "}
{"input": "What Is Impaired Risk Life Insurance? ", "output": "Impaired Risk Life Insurance is just regular life insurance used to cover people with health conditions or other risk factors . Agents who specialize in impaired risk life insurance have an extensive knowledge of health conditions and have become aware of what life insurance underwriters look at when determining whether they can approve a policy , or what health rating to give . Agencies that specialize in impaired risk life insurance carry a wide variety of products so that if their clients are unable to get medically underwritten coverage , they have simplified or guaranteed issue choices that will cover them . "}
{"input": "Can I Take Life Insurance Out On Anyone? ", "output": "No , you can not take Life Insurance out on Anyone . There has to be what we call `` insurable interest '' . This means you have something to lose if this person was to pass away . Insurable Interest can be a spouse or child , a business and business partner . A grand parent as well . Even a loan company can have an insurable interest as if you pass before the loan is paid , they can get the remaining balance paid . Talk to an agent or broker about who you are looking at getting coverage on so you can determine if there is an Insurable Interest . "}
{"input": "Can I Take Life Insurance Out On Anyone? ", "output": "That is a great question ! It is interesting to know that the laws that govern life insurance came about because of the unsavory practice of gambling on when a person would die . You and I might be sitting at the saloon , and take a dislike to a guy at the bar . We go across the street , and buy a policy on his life . We bet the policy on how many days/hours/minutes longer he lives , with the winner taking the death benefit prize ! To protect against that , you must have that person 's permission , understanding of what they are signing , and signature . You must also be able to prove a financial loss , were they to pass . Good thing ! Thanks for asking ! "}
{"input": "Can I Take Life Insurance Out On Anyone? ", "output": "No , you can not take a life insurance policy out on just anyone . When applying for life insurance , the two big conditions that must be met are 1 -RRB- the insured person has to agree to the purchase of a life insurance policy on their life and 2 -RRB- there must be an insurable interest . A carrier will not approve a policy if these two conditions are not met . I would recommend consulting with an experienced broker to determine if the life insurance policy you want to buy is acceptable . Brokers can also shop the case for you to see which carrier will work best for your program . I hope the input is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "Can I Take Life Insurance Out On Anyone? ", "output": "No , very sorry , you can not take life insurance out on anyone . There are several criteria that must be met . The first one is there must be an insurable interest . Meaning a loved one , family member , business partner or key employee . In other words , you would incur a financial loss at the insured 's sudden death . Next you must have that persons knowledge and permission in order to insure them . They must have a legitimate need for life insurance and have reasonably good health to qualify for coverage , because that person has to go through underwriting . "}
{"input": "Can I Take Life Insurance Out On Anyone? ", "output": "At one time it was a common form of gambling to take out an insurance policy , particularly on a sailor , just before he ships out on a journey . That is not possible any longer ; however , there is a secondary market of life insurance policies where the owner of an insurance policy can sell it to a third party who hasnt an insurable interest . It is usually done to secure cash to pay medical bills of a terminally ill person . "}
{"input": "Why Is Auto Insurance Expensive? ", "output": "Several factors affect car insurance rates , among them claims and violation history within the last 36 months , the age of all drivers in the household , the location of the risk , type and value of vehicle being insured , marital status of the insured and drivers , credit rating of named insured in Maryland and most states , use of vehicle , These discount may also impact your rates : prior insurance home owners good student multiple car marriage prior higher liability limits at least 6 months of prior coverage educational level profession and job type length of time licensed "}
{"input": "Why Is Auto Insurance Expensive? ", "output": "Auto insurance rates are based on several factors . The clients driving history and experience , location and type of vehicle . Now there are other things taken into consideration which would be multi-packaging polices with the same company , multi-car , education and so on . An insurance company will take all this information and make a calculated rate based on all this criteria to determine a premium . So for example if you are a single male 25 years old who has been driving since 16 with no tickets or accidents and a college graduate driving a 2013 BMW the insurance company will take this information and come up with a rate . Now lets say the single male wants collision and comprehensive coverage and at least 100/300/100 liability limits on his policy for his $ 40,000 vehicle . The insurance company says if you pay us $ 600.00 for six months -LRB- just a number I made up -RRB- we will insure your car is covered up to the actual cash value and we will pay for any property damage you cause and bodily injury up to the limits you purchased . In a worst case scenario the single man can cause an accident -LRB- assuming he is liable -RRB- that could pay out as much as $ 440,000 . I would say this is a pretty inexpensive way to protect yourself . "}
{"input": "Why Is Auto Insurance Expensive? ", "output": "Insurance companies are a little more expensive because of the rising cost of materials as well . You dont want an insurance company that can not pay a claim . They fluctuate to compensate for the rising cost in materials and labor to fix your vehicle . As long as your rates dont go up too much , then it should be ok . It only goes up quite a bit when you have tickets or accidents . "}
{"input": "Does Health Insurance Cover A Nose Job? ", "output": "Only in the event of it being medically necessary which is no small challenge to establish . You would have to have a severely deviated septum or similar condition that was seriously affecting the ability to breathe and probably to sleep . All other less invasive courses of action would almost certainly have to be exhausted first before such surgery would be approved . A nose job for cosmetic purposes would not be covered by health insurance . "}
{"input": "Life Insurance What Does AD&D Mean? ", "output": "Accidental Death and Dismemberment Insurance Normally , AD&D is a rider attached to a life or health policy that gives benefits in case of death by accidental means or provides a set income in case of loss of certain body parts . AD&D riders are usually written so the insurer will pay double the payable amount in case of accidental death . These are sometimes known as double indemnity riders . "}
{"input": "Life Insurance What Does AD&D Mean? ", "output": "AD&D stands for Accidental Death and Dismemberment . While AD&D can be a rider that pays extra if the insured person dies from accidental death , some policies are stand alone AD&D policies . These AD&D policies that are not connected to a life insurance policy ONLY pay if the insured person dies from accidental death . I.e. they will not pay anything if death is due to illness or old age . So be very careful that you know what type of policy you are getting if you see AD&D in the description . "}
{"input": "Does renters insurance cover bed bugs? ", "output": "If you find your home infested with bed bugs , will your renters insurance policy cover the clean-up and debugging expense ? In most cases , the answer is unfortunately no . The majority of renters insurance policies will cover the following general perils : - Fire damage - Damage as a result of a natural disaster ; windstorms , hail , lightening -LRB- flood damage is often not covered by most policies -RRB- - Smoke damage resulting from fire within the unit or from nearby units - Vandalism - Burglary/Theft - Damage caused by a fallen roof ; often caused by water , snow and/or ice build up - Damage from appliances ; water heaters , steam heaters , air conditioners - Fallen objects - i.e. trees , power lines - Freezing of plumbing , heating or air conditioning pipes But , most renters policies currently exclude vermin infestation , which encompasses bed bugs , despite the recent rise in reported incidents nationwide . Bed bugs can become expensive guests , causing a damage and costly clean up -LRB- debugging , steam cleaning and the cost of relocation during the clean-up -RRB- . Plus , they spread to other homes around the infested area quickly through animal and human transfer . Until renters policies begin to cover bed bug infestations , the best plans of attack are prevention and to build a rainy day fund for general home emergencies . "}
{"input": "What Is Embedded Value In Life Insurance? ", "output": "Not sure what you mean by `` embedded value '' in life insurance . Life insurance pays a death benefit that is normally income tax free to the beneficiary . In addition , for permanent policies , after the first few years , there may be cash surrender value available in the event the policy is `` cashed in '' and coverage canceled by the policy owner . Or , a portion of the cash value can be borrowed from the policy and coverage maintained . "}
{"input": "What Is Embedded Value In Life Insurance? ", "output": "Embedded value in a conservative life insurance accounting term the measures the present value of future profits -LRB- PVFP -RRB- and adjusted net asset -LRB- ANAV -RRB- value , i.e. ANAV + PVFP = EV . It is used in stock life insurance companies in an attempt to assess a companys worth to predict shareholder value . "}
{"input": "Is Disability Insurance Earned Income? ", "output": "Disability can be purchased in basically two ways : non deductible and deductible premiums . The conventional disability insurance policy is purchase with after tax dollars , so the benefits generated at the time of the claim are tax free . Tax deductible disability premiums need to qualify under the terms of the IRS , but if they qualify for tax deductible status , then they 're benefits at claim are taxed as ordinary income . "}
{"input": "How Long Does A Car Insurance Company Have To Settle A Claim? ", "output": "The claims settlement process can vary depending upon the extent and severity of the loss . For example , a fairly simple collision loss with no other property damage or bodily injury can usually be settled within anywhere from a few days to a couple of weeks depending upon the schedule of the body shop and availability of parts . If additional property damage is involved either with another car or a building or the like , it could take a bit longer and certainly if there is bodily injury that results in a law suit , then those settlements can take upwards of a few years . "}
{"input": "Does Auto Insurance Cover Hit And Run? ", "output": "In Illinois damage to the car you are driving caused by a hit and run driver is covered under the collision portion of the policy insuring the vehicle . Again in Illinois , when you have no collision coverage , uninsured motorist property damage coverage is available , but applicable only when it can be verified that the at-fault driver has no insuance . If you are hurt , your medical coverage would apply . Uninsured motorist coverage for your financial loss as a result of injury is included in Illinois auto insurance , but again would require verification that the other party is not insured . Check with your agent . Laws vary by state . "}
{"input": "What Is CMFG Life Insurance? ", "output": "CMFG Life Insurance goes by the marketing name , CUNA Mutual Group . CMFG Life Insurance Company 's products go by the marketing brand , TruStage . TruStage life insurance policies are offered to credit union members as a benefit of membership in that credit union . They offer Term and Whole Life and Accidental Death policies . "}
{"input": "Will I Lose Medicare If I Get A Job? ", "output": "No . You can continue to receive Medicare healthcare benefits whether you go back to work or remain a retired individual . You have the option of securing group coverage again and can continue your Medicare benefits as well . Generally , in this scenario , the group health insurance pays first and Medicare pays second . "}
{"input": "Will I Lose Medicare If I Get A Job? ", "output": "Medicare is available and is almost mandatory for everyone over age 65 . Your employer will normally have included that consideration when the company adopted a health insurance program . You will probably be required to enroll in Medicare part A . There is n't a cost for most participants . If you are receiving medical benefits from your employer you may be allowed to defer the purchase of Medicare part B . You can usually defer that until you end your employment and lose medical benefits . It is important that you contact Medicare when you are leaving employment so that the switch to Medicare B is seamless and your coverage is at the standard price . There is a penalty if you enroll late "}
{"input": "Will My Homeowners Insurance Cover My Wedding Ring? ", "output": "Your homeowners insurance will cover your wedding ring if the value of the ring does not exceed the amount of insurance you have for jewelry watches and furs in your homeowners policy . For most people the base amount of insurance is $ 2500 . If the value of your wedding ring exceeds that , you should contact your agent and get your policy amended to a higher value . Keith Prim - Dallas , TX 214-435-0791 "}
{"input": "Where To Buy Secondary Market Annuities? ", "output": "Not sure if you are still on this forum but we sell Secondary Market Annuities . However , we only sell to licensed agents . That said , I have plenty of preferred agents who work with us that can offer our product . If you would like to learn more or if you still have questions please let me know . 971-245-3425 Tyson Wright "}
{"input": "Is Blepharoplasty Covered By Medicare? ", "output": "Blepharoplasty is a type of reconstructive -LRB- plastic -RRB- surgery used as a treatment for drooping eyelids . These `` eyelid lifts '' could be a covered item as long as the surgery is not simply for cosmetic reasons . Your doctor needs to justify the need by measuring the `` droop '' and a visual test must be conducted to prove your vision is impaired . "}
{"input": "Who Are The Major Health Insurance Companies? ", "output": "There 's many many insurance companies out there in the marketplace . United Health Group -LRB- includes United Healthcare -RRB- is the biggest health insurance company in the United States and offer plans in every state . Wellpoint -LRB- includes Anthem -RRB- Kaiser , Aetna , Cigna , Coventry , and CareFirst are some of the other big name insurance companies in the country . However , not every company offers health plans in every state . "}
{"input": "How Does Obamacare Hurt Medicare? ", "output": "That is a great question ! There is an awful lot of misinformation , political manipulation , and muddying of the facts , so it 's really hard to see exactly what is going on . There are some good and bad things that the ACA does with its association with Medicare , and I 'll let you decide which is which . First off is you do not have any changes to your current plan , nor is it even legal for someone to tell you that you have to drop your current plan and try to enroll youin the marketplace . All current plans are grandfathered . One thing the ACA does is close the `` donut hole '' in coverage in Medicare part D . It will eventually phase out the patient cost until it becomes just the usual co-pay , increasing the likelihood that seniors will be able to afford their medications . It also expands coverage by making checkups and wellness visits -LRB- preventative care -RRB- not subject to deductible or co-pays . It does have cuts of $ 716 billion to the Medicare , mostly in the MedicareAdvantage plans that are run by private insurers . We are told that those cuts are to come from reduction in fraud , provider overpayments , and administration overhead . We are also told that the money from those cuts are being reinvested into the Medicare system , and that those reinvestments are expected to keep Medicare 's trust fund solvent until 2029 , an extra 12 years . It will also make cuts to hospitals that have higher return rates of patients by cutting the Medicare payments to those hospitals that are providing the least quality care . -LRB- Interestingly enough , that was a lead story on our news channel tonight , measuring the number of patients who returned to their hospital after treatment for infections that they got while in the hospital before their release . -RRB- Those are the bare bones of what the effects are supposed to be . How it will actually play out is anyone 's guess . Thanks for asking ! "}
{"input": "Would Health Insurance Cover Therapy? ", "output": "Does Health Insurance Cover Therapy ? It depends on the type of therapy . Most quality group plans will cover physical , physiological or other types of therapy . If you have an individual health plan pre-2014 I would check your benefit details , because many of the old policies did not cover therapy . Post-2014 plans tend to have stronger coverage . Request your summary of benefits and Coverage to see how the specific therapy treatment is covered under your benefits . Please click the `` Contact Me '' button on the left or run a personalized quote at : WEBSITELINK Also , you can call me anytime at : 561-320-2978 "}
{"input": "Who Has The Highest Fixed Annuity Rate? ", "output": "There are a number of questions that need to be answered before you can develop a short list of annuities offering the highest rates . Here are a few questions : Is the annuity for growth or deferred income ? What length of time are you willing to leave your money in the annuity for growth or before you trigger income from the annuity ? How much does insurance company rating concern you ? There are new annuity products coming on the market each week , so the answer could change . There are other questions to consider as well and it is best to discuss your specific needs with an independent agent who can help come up with your `` short list '' of annuities and companies to consider . "}
{"input": "How To Choose A Medigap Policy? ", "output": "There are 10 standardized Medigap Plans -LRB- A , B , C , D , F , G , K , L , M , N -RRB- . Each have their own set of benefits . Plan F and Plan G are the most popular because they offer the most comprehensive health care coverage -LRB- with Plan F also offering a High Deductible Plan -RRB- . It 's best to work with an independent agent who specializes in Medicare Supplement insurance . We can explain the benefits of each standardized Medigap Plan and provide you premium information from many insurance companies -- not just the carriers you see online . When I work with Medicare Beneficiaries , they often determine which Medigap Plan they want based on benefits and premium cost . If I can help you with your specific situation , please feel free to contact me . "}
{"input": "Will Medicare Pay For Symbicort? ", "output": "Symbicort is an inhaled steroid used to provide symptomatic relief for severe asthma and COPD patients . Symbicort is not a rescue inhaler . Medicare Part D will cover most outpatient medications including Symbicort . Each Part D plan is different . Check the formulary and compare total costs before assuming your have coverage for Symbicort . "}
{"input": "Is Disability Insurance Deductible? ", "output": "If you have a business with operational expenses you may be able to deduct disability insurance premiums . Keep in mind that having disability insurance deducted as a business expense can increase the amount of coverage up to 80 % of your compensation . However , any benefits paid out with be taxed as ordinary income at your effective tax bracket rate . "}
{"input": "Is Disability Insurance Deductible? ", "output": "For the average person with an individual disability policy , the answer is no , disability insurance is not tax deductible . However , then if a disability occurs , and the need for the policy to pay out , the payments received will not be taxed . However way you are able to set it up , either the premiums are taxed or the benefit is taxed . "}
{"input": "What Do I Need To Do To Enroll In Medicare? ", "output": "The easiest way to enroll in Medicare is to go to the social security website , ssa.gov , and complete the application process on their website . I believe you click on the `` benefits '' tab and then click on Apply for Medicare . From there the website should provide step-by-step directions to complete the process . If you 're applying under a special enrollment period -LRB- as opposed to your initial open enrollment period when turning age 65 -RRB- , it will generally be better to complete the application process at your local social security administration office to make sure you receive the correct effective date for your Medicare program . "}
{"input": "How Do You Get Long Term Care Insurance? ", "output": "Basically there are three distribution channels that sell long term care insurance : company direct , career agencies and brokerage firms . Buying direct from the insurance company or a career agency limits the comparison between polices that a consumer needs to have to make an informed decision . Brokerage firms have multiple companies and are generally more neutral in their selection process . Many brokerage firms have online portals that display comparison spreadsheets between insurance companies . "}
{"input": "How Do You Get Long Term Care Insurance? ", "output": "If you live in Florida , and some other states , your agent must have a certain certification in order to sell long-term care insurance . When you are looking for an agent make sure they can provide the certification for you to review . Otherwise , you will be wasting your time . The reason I know this is , I live in Florida and I have my long-term care certification . "}
{"input": "Which Health Insurance Is Best? ", "output": "What health insurance is the best for you ? This question is asked daily so I 'll answer it accurately and quite briefly . It depends on various factors , including your age , your zip code , the type of plan you want or need , and your household income . A licensed broker can quickly compare plans and maximize your subsidy so you are paying the lowest prices . "}
{"input": "Which Health Insurance Is Best? ", "output": "The best health insurance is the kind that is best for you . There 's a difference between which plan is going to offer you the most comprehensive coverage and which plan is most suitable for your needs and budget . In short , it 's different for everyone . Under the Affordable Care Act , there are four main benefit levels - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may also want to see if group coverage is available through your employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or your employment was terminated , you lose the coverage . An individual plan will stay with you wherever you go . I would advise consulting with an experienced health insurance broker regarding your specific situation so you can review a wide range of options - an experienced broker can help you determine the plan that will best serve your needs and budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much ! "}
{"input": "How Much Is Auto Insurance? ", "output": "The premium charged for auto insurance is computed differently depending upon the state . In California the rate is based on the year , make and model of the vehicle and its intended use . It is further based upon the annual mileage for the vehicle . It is also based on the driving records of all the members of the household where the auto is insured . There are other considerations but those are the major factors . "}
{"input": "Are Annuities Exempt From Creditors In California? ", "output": "In many states , Annuities are exempt from creditors up to a certain dollar limit . But this varies from state to state . It can also be very situation specific . It is best to consult with a lawyer who is familiar with CAs estate laws . Especially if this is a main concern when making the purchase . "}
{"input": "What Do I Need To Plan For Retirement? ", "output": "That is an excellent question !!!! We could spend a whole lot of time on this , but I 'll break it down to three things . The first : Decide how you want your retirement to look . Travel , quiet home living , move somewhere , what do you want to do to spend your days ? Second , determine what that future will cost you . How well prepared for that future are you today ? How long do you have to make funding it a reality ? What kind of ground do you have to cover to ensure that it can happen the way that you envision it ? The third : Put together a plan that gets you there , or as close to there , as possible . That plan has to account for your risk tolerance , safe financial living in the meantime , and the ability to create the income that you will need . Spend a little time and put together for yourselves a snapshot of where you are , and where you want to be . Once you have that , find an advisor that you can trust , and get started making your dream a reality . If you want to spend a little more time on the details , please feel free to drop me a line , I 'd be happy to help you . Thank you for asking ! "}
{"input": "What Are The Disadvantage Of Annuities? ", "output": "The main disadvantage of Annuities is that your money is not 100 % liquid until your term is over . Some annuities have more liquidity than others ; most offer 10 % yearly penalty free liquidity . Some offer up to 20 % yearly liquidity , while some just offer 5 % . Most deferred annuities allow complete liquidity in the event of a terminal illness or a Long Term Care need . This is why it is important to work with an experienced independent agent who can evaluate your needs and help you find the right product for your situation . Another commonly cited disadvantage are `` high fees '' . But in fact , only Variable Annuities automatically include fees . But the fees do tend to be high in most peoples opinion . It is important to remember that a `` disadvantage '' all depends on perspective and what your needs are . "}
{"input": "What Is The Best Life Insurance Policy For Me? ", "output": "Most people find that they purchase multiple life insurance policies during their lifetime . Having the appropriate coverage at the time of death is a critical matter that requires the counsel of a trusted life insurance agent . The type of policy that the agent will recommend will vary depending on how long the funds will be required . Some insurance will be needed for your entire life . Life insurance exists to help those you love through a very difficult time . Selecting policies , limits and features requires the assistance of a knowledgeable agent . "}
{"input": "What Is The Best Life Insurance Policy For Me? ", "output": "The best Life Insurance is the Insurance in force when you die . That being said , it all depends on your individual situation . There is no one best plan . You have to consider a number of factors such as age , income , debts , family situation , and your personal goals . A good independent life insurance agent can help you find the best plan for you . "}
{"input": "Does Health Insurance Premium Increase? ", "output": "Health insurance premiums do not increase during the plan year . However , there are a variety of reasons why the premium may increase -LRB- or decrease -RRB- from one year to the next . If an insurance company feels that the benefits that they are offering with a specific plan are costing them more than they expected , they may raise the rates for the same plan for the next year . Conversely , if the benefits are costing them less than expected , they can lower the rate to encourage more people to sign up for that option . The main reason your rates are likely to go up each year however is that you are getting older . The older a person is , the more likely they will need to use more benefits . The Affordable Care Act allows insurance companies to charge up to three times more for older members on a plan than for younger members . "}
{"input": "How To Get Life Insurance For Someone Else? ", "output": "To get life insurance for someone else , the other person needs to know that you are getting the policy , agree to it , and sign the application . Then they must participate in the underwriting process , whether that be take an exam , do a phone interview , or provide access to medical records , if needed . Some policies do not require any exam , medical records or phone interview . You can make yourself the Owner of the policy if you have an insurable interest in the Insured person . I.e. . You provide or pay for some of their care , you have loaned them money , they live with you , etc. . Or they can own their own policy . Either one of you can pay for it . "}
{"input": "Will My Health Insurance Cover Gastric Bypass? ", "output": "Gastric bypass and other forms of bariatric surgery intended to promote weight loss may be covered by your health insurance plan . Those who are morbidly obese and have tried other forms of weight loss without success may be approved for gastric bypass . Your doctor must document your condition and history and certify that you are healthy enough to survive surgery . "}
{"input": "What Is The Main Purpose Of Life Insurance? ", "output": "The main purpose of life insurance is to protect your family or business from the costs associated with your death . When a funeral causes relatives to have to pool their resources to pay for it , that is a purpose where life insurance could have helped . When a business must be sold to an outside party because a relative can not afford to buy it , that is a purpose where life insurance could have helped . When a family must go on welfare because the breadwinner passed away , that is a purposed where life insurance could have helped . "}
{"input": "Does Renters Insurance Cover Lost Food During A Power Outage? ", "output": "Renters insurance like homeowners insurance will typically provide some coverage for food loss due to interruption of electrical service or mechanical breakdown . The dollar amounts of this coverage canvary from company or policy to policy . Always read over your policy completely to know what coverages it provides or call your local agent to discuss the specific coverages offered in your policy . "}
{"input": "Does Medicare Cover Incontinence Supplies? ", "output": "Unfortunately , Medicare does not pay for incontinence supplies such as adult diapers and bed pads . If the insured person is in a hospital or skilled nursing facility , those items will be covered under Medicare Part A.Otherwise , Part B will not cover them due them not being classified as durable medical equipment . "}
{"input": "Can You Buy Motorcycle Insurance For 1 Month? ", "output": "Would you buy that coverage if they charged you the equivalent of six months premium ? Issuing a policy for a month is as expensive as issuing coverage for a year . The cost of insurance is calculated using an assumption that the policy will last the length of the term , be it six months or a year . That is why a `` short-rate '' table exists to calculate the premium earned when a policy is cancelled before the end of the policy term . A short rate is recognition of the administrative burden and the cost is passed along in the premium you are charged . You can buy a policy on a six month term or for a year and then just cancel it but do n't expect the actual cost for a month of insurance to be equal to 1/6th of 1/12th of the premium . It is likely to be much higher . But it is possible to end up with coverage for one month . You just may not like the premium charge when you 're done with the coverage . "}
{"input": "How Long Will Medicare Pay For A SNF? ", "output": "Original Medicare includes coverage as an inpatient in a SNF -LRB- skilled nursing facility -RRB- . If you qualify for coverage , Medicare will cover the full cost of care for up to 20 days . For days 21 through 100 , Medicare will pay a portion of the cost and you will be responsible for a daily copay . -LRB- $ 148 in 2013 -RRB- "}
{"input": "What Do You Pay For Renters Insurance? ", "output": "The premium for a renters policy is based on its two essential elements , the amount of personal property that is at risk and the limit the company will be asked to defend you in the event of a lawsuit . The location , age and construction of the unit being rented will be considered in rating the policy and there might be underwriting considerations that would disqualify you for coverage . "}
{"input": "Does Homeowners Insurance Cover Raccoon Damage? ", "output": "Homeowner policies generally exclude damage arising from '' ... birds , vermin , rodents , insects or domestic animals . '' A raccoon is not any one of those items , accordingly I would sayraccoon damage iscovered . However the policy language of your policy is the deciding factor . I hope I 've answered your question . If not , feel free to call , fax or email me . Kevin P. Foley , CPA , CPCU PFT&K Insurance Brokers T 877-414-2031 F 877-405-3025 E kpfoley -LSB- at -RSB- kpfoley -LSB- dot -RSB- com W www -LSB- dot -RSB- kpfoley -LSB- dot -RSB- com "}
{"input": "When Should Long Term Care Insurance Be Purchased? ", "output": "A good time to purchase Long Term Care Insurance is before age 60 , simply because rates are lower the younger you are . Also , the chances of having a health condition are lower the younger you are , which in turn affects rates or even your ability to get Long Term Care insurance at all . "}
{"input": "How To Use PPO Health Insurance? ", "output": "PPO stands for Preferred Provider Organization and is today the most common provider network arrangement associated with most health insurance plans and is the least restrictive on the actions of its subscribers/members . In simplest terms the health insurance carrier negotiates a payment contract with a medical system that makes it 's affiliated physicians , facilities and other providers the `` in-network '' providers where people who enroll in that insurance company 's products will receive the highest level of benefits/coverage . Generally PPO 's allow their members to directly access the health care system at any level and as long as you are using a provider who is in the PPO network the member receives the higher in-network level of benefits . This means that there is little or no gatekeeper mechanism in place that requires the member to receive a referral from their primary care physician in order to see a specialist or obtain other more complex medical services . For the consumer to effectively use PPO health insurance they should learn how to determine whothe in-network providers are for their health plan -LRB- most easily done by going online to the insurance company 's web site -RRB- and to use those providers for their health care needs . A word of caution , this is a time of rapid change and , in many cases , consolidation of physician 's practices in the world of health care . As such , physicians and other health care service providers are shifting around at an unprecedented level . So , just because you remember Doctor X as being in a certain provider network from 2 or 3 years ago is no guarantee that they are in the same relationship today . It is up to the consumer in the PPO environment to make sure they are using an in-network provider and they should verify this before receiving services from a health care provider . "}
{"input": "Is It Possible To Get Car Insurance Over The Phone? ", "output": "Yes . Some of the agencies out there like Geico , that utilize a direct write system , close the deals over the phone . While you can get an online quote , you have to speak to an underwriter who will run your MVR and adjust the annual premium . With an independent agency , like the one I am with , we can do almost everything over the phone . The only other requirement is a signature on the applications/discounts/waivers . These signatures , however , do not require an actual meeting , it can be done via e-mail or fax . I hope this helps . "}
{"input": "Which Company Offers The Best Disability Insurance? ", "output": "There are many insurance companies that offer affordable disability insurance policies . Some of them include Mass Mutual , Hartford , Berkshire and Principal . Of course , there are many other very reliable and reputable insurers . A full-time broker or financial planner is the best resource for information and they can also shop for the best prices when you are ready to pursue this type of coverage . "}
{"input": "Which Company Offers The Best Disability Insurance? ", "output": "The best disability policy for you is the policy that meets your needs in time of claim with the most affordable premium at time of purchase . There are a lot of companies that have disability products . It is more about having the right amount of benefit , elimination period and for the proper time limits than the company . I highly recommend using an experienced broker with access to multiple companies to shop for the best coverage at the best rate to meet you unique needs . "}
{"input": "Does Car Insurance Give You Credit? ", "output": "Having automobile coverage does not help your credit score . It does n't hurt your credit score either unless you fail to pay a past due balance as requested by your company and then it probably would be reported to the credit bureau when the balance goes into collection . "}
{"input": "Does Car Insurance Give You Credit? ", "output": "If you mean does it help your credit rating then I would say no . It does show financial responsibility and any one who drives needs to carry car insurance or a financial responsibility bond , even if you do not own a car . This is a protection for you in the event you are in a law suite and also for the other person who may be injured as well as anyone riding with you . "}
{"input": "Does Car Insurance Give You Credit? ", "output": "I am assuming that this question is asking if having automobile insurance helps a persons credit score . Based on my education and my experience so far in the industry , I would say no it does help build your credit score . To the best of my knowledge insurance carriers do not directly provide any financial information to the credit agencies . "}
{"input": "How Long Does It Usually Take To Get A Life Insurance Check? ", "output": "You will usually receive your check within a couple weeks of submitting proof of death to the insurance company in the event of a death claim as long as their are no reasons to dispute the claim . If you are surrendering your policy or taking a loan then again two to three weeks after mailing the paperwork would be normal . "}
{"input": "Home Prices Are Down So Why Not Insurance? ", "output": "Home prices do not reflect the cost of reconstruction . Insurance is there to rebuild your home if it is damaged . Most claims are not total losses . It is always the rebuilding process that is expensive . It is expensive to make a kitchen that has been damaged by fire look like it never happened . "}
{"input": "Home Prices Are Down So Why Not Insurance? ", "output": "A lot of factors go in to the cost of insuring a home . The market value of a house is not one of them . Some of the major factors of the cost of insurance are : 1 -RRB- the cost to rebuild the home in the event of a total loss . -LRB- Building materials , labor ... -RRB- Although home prices have decreased in much of the country the cost of building homes has not necessarily decreased . 2 -RRB- the likelihood of a loss in that area -LRB- proximity to brush fire and fire departments , likelihood of a natural disaster , number of break-ins ... -RRB- 3 -RRB- prior claims filed on that house or by the person seeking insurance 4 -RRB- value of the contents inside the house . "}
{"input": "Home Prices Are Down So Why Not Insurance? ", "output": "Market value has no bearing on replacement cost to rebuild your home . In many areas of the country with the hit on the economy homes can actually be purchased for less then the cost to build . If insurance companies only paid on market value many people would find themselves tens of thousands if not hundreds of thousands dollars short if there was a total loss . "}
{"input": "What's A 403 B Retirement Plan? ", "output": "A 403 -LRB- b -RRB- plan is a tax-advantaged retirement savings plan under Economic Growth and Tax Relief Reconciliation Act of 2001 for public education organizations , some 501 -LRB- c -RRB- -LRB- 3 -RRB- organizations -RRB- , cooperative hospitals , and self-employed ministers . Employee salary deferrals into a 403 -LRB- b -RRB- plan are made pretax and they grow tax-deferred with distributions taxable when withdrawn from the plan . 403 -LRB- b -RRB- plans were also called tax-sheltered annuity . "}
{"input": "How Much Does An Annuity Pay Per Month? ", "output": "How much does an annuity pay per month will depend on the amount of money that is put into the annuity and the growth rate . The higher the amount funding the annuity , the higher the payout . If you are referring to an annuity with an income rider , this vehicle will pay out a percentage of the income account , depending on the annuitant 's age when they turn on the income stream . An annuity is a excellent way to protect yourself from outliving your retirement savings . "}
{"input": "How Much Does An Annuity Pay Per Month? ", "output": "There are many factors that go into determine what an annuity will payout per month . The primary factor is the type of annuity you have . Additionally , there are usually options associated with the payout of an annuity , so answering your question without more information is not possible . If you are considering an annuity payment , be sure to compare all of your options . Here are some general factors that go into determining annuity payments -LRB- not all apply to each type of annuity and payout option -RRB- : The amount put into the annuity The growth of the annuity over time The age of the person -LRB- s -RRB- at the time annuity payments begin The age of the spouse if a joint payout applies The length of time the payments are guaranteed to last "}
{"input": "What Is The Disadvantage Of A Fixed Annuity? ", "output": "That is a great question ! While a fixed annuity has a lot of great things going for it , there are a couple of things that you do need to look out for . The first is your liquidity . With any deferred annuity there is a period of time where the money you 've set aside to fund it can not be touched without incurring hefty fees , or damaging your earnings potential . If you suspect that you might need to access that cash at any point , then maybe an annuity might not be the right vehicle for you . The second involves the rate of return that you are promised off the annuity . Will the rate be enough after fees to outpace inflation and provide a return that is comparable to another investment vehicle ? If not , then again this might not be the best investment vehicle . As far as safe investments go , fixed annuities are among the best , but please be sure to really think it over , and work with a trusted adviser before purchasing one . Please make sure that it ia a suitable vehicle for you . I hope that helps , thanks for asking ! "}
{"input": "What Is The Disadvantage Of A Fixed Annuity? ", "output": "A fixed annuity is a contract guaranteed by an insurance company . Insurance companies have failed although there are a lot of safety stops to preclude that . The benefit is contractual and is generally not adjusted by the cost of living . Your benefit could become less adequate with the passage of time . A fixed annuity may be currently paying one rate of interest , however the company is obligated to pay a lower rate of interest and that could become the situation . "}
{"input": "How Often Do You Pay Homeowners Insurance? ", "output": "Homeowners Insurance also known as Home Insurance or Hazard Insurance is an annual policy issued for a term of 12 months . Although the majority of homeowners pay their insurance in full annually , most insurance plans have more frequent payment plans designed to alleviate the stress of payment in full once a year . It is important to note that it is usual and customary to charge a billing fee for payment options other than paying by one single payment once a year . We provide an online format to obtain a quote and buy home insurance online in multiple States ; it may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK "}
{"input": "How Often Do You Pay Homeowners Insurance? ", "output": "Depending on the company , there are a number of payment options available.Personally , I offer monthly , quarterly , annual , or every other month options . If you have a mortgage on your house , you can also set up escrow payments , which means you pay the mortgage company and they pay your insurance out of an escrow account . I would recommend checking with an insurance professional to review your options . "}
{"input": "How Big Is The US Life Insurance Industry? ", "output": "The U.S. life insurance industry is huge . The U.S. market has more than $ 18.4 trillion of life insurance protection via individual policies and group plans . The life insurance industry has $ 4.8 trillion in the U.S. economy and is one of the largest government bond holders in the world . "}
{"input": "How Much Does Home Insurance Increase After A Claim? ", "output": "Home Insurance contracts differ in all States ; they are all governed by the Department/Division of Insurance dictating exactly how to abide by the rules of the particular State . Once abiding by the rules of each State , carriers also have differences in handling claims and policy adjustments thereafter . In States where a Claims Free discount is allowed , the discount will be removed on the following renewal if a claim has been filed , there may also be a claims surcharge assessed in addition . Some carriers have allowances for small claims below a certain pay out whereby the insured would lose the Claims Free discount but not be assessed a further surcharge.Since it will be close to impossible to get a clear answer to this question , the following is the best rule of thumb for policyholders : DO NOT USE YOUR INSURANCE POLICY AS A CHECK BOOK ! Property Insurance is meant to protect the insured against unforeseen and unaffordable sudden & accidental perils . The home should always be well maintained and display pride of ownership for ` preferred ' risks . For example , if due to high winds a branch would be blown off a tree and simply break a window or damage a few roof tiles , this is typically not what one would purchase insurance for ; on the other hand , if there is an unforeseen electrical fault causing a house fire or perhaps the occurrence of a devastating storm , this is where insurance becomes an essential part of the recovery process . Insurance contracts are designed with a Deductible ; the deductible is the amount deducted from a Claims Payout . The actual purpose of the Deductible is to reduce the carrier 's risk exposure to small claims , the lower the deductible , the higher the premium . Clients that purchase insurance with a higher deductible make a statement acknowledging that small claims will not be brought to the carrier thus prompting the carrier to accept a lower premium for a lower risk exposure . Once a claim is filed with a Home Insurance Carrier , a claims number is assigned and the claim is reported electronically to the National Claims Database -LRB- CLUE -RRB- . The purpose of this reporting process is for the industry to share information regarding the risk thereby deterring any dishonest practices in attempting to misrepresent risk to an alternate carrier at a future point . This is a great tool that has been used for many years preventing carriers from taking on adverse risk . The answer to this question was carefully orchestrated to provide a better understanding regarding the underwriting and claims process which would lead ultimately to premium assessment . It is strongly suggested that home owners fully understand this process and contact a licensed professional to answer any further questions regarding the process . "}
{"input": "What Is Loss Of Use In Renters Insurance? ", "output": "Loss of use for renters insurance is basically the same as loss of use for homeowners insurance . In layman 's terms it means that the premise that is covered is unihabitable for a period of time due to a covered loss . Under these circumstances the insurance carrier will typically provide the insured with monitary compensation to secure another premise for a specified period of timeor up to the policy limits until the covered premise is deemed habitable again or the insured has secured another premise . Please read your policy completely to understand the coverage provided and any limitations that there may be . "}
{"input": "Does Auto Insurance Cover Uhaul? ", "output": "All personal auto insurance policies will have a vehicle weight limit for the vehicles they cover . While most will cover the policyholder in other vehicles , the coverage will not apply in vehicles that exceed that weight limit . You will need to read your specific policy to know exactly which Uhaul trucks would be covered . It may be only the smaller ones or it may be none at all . "}
{"input": "Does Auto Insurance Cover Uhaul? ", "output": "The liability coverage of your personal auto policy extends to the U-Haul trailer you have rented . The physical damage coverage does not . You will need to insure the trailer with the U-Haul people . Check with your agent if you have a question involving rental of a truck . There might be limitations on that . "}
{"input": "Why Was Universal Life Insurance Created? ", "output": "I think it was created to solve some very real problems with life insurance at the time , which was in the 70s and 80s . Up to that point whole life insurance was the only permanent product available . This product can be expensive because of the strong guarantees it provides . Many people would be willing to pay less for weaker guarantees , and so that makes the product uncompetitive . Whole life is also a fixed premium product . Even if you have deviations in cash flow , you have to stick to the payment schedule in order to retain your coverage . That can be an obstacle for people who fund their premium out of business proceeds , which can go up and down . One of the best revisions to this product has been the recent inclusion of a lifetime guarantee . You can basically lock into rates for the rest of your life . It wont develop much cash , but it really solves the problem of paying the lowest premium on a guaranteed basis forever . In this way kind of functions as a permanent term insurance . Comparatively low rates , but no risk of renewing at a crazy-high rate . "}
{"input": "Why Was Universal Life Insurance Created? ", "output": "The original intent of the development of universal life insurance -LRB- UL -RRB- was to offer an integrated planning product as an alternative to buy term and invest the difference . UL provided this alternative with the tax favored treatment of conventional permanent life insurance with an interest rate crediting method that was very popular in the 1980s high interest rate environment . "}
{"input": "Why Was Universal Life Insurance Created? ", "output": "Originally there was whole life insurance -LRB- steady payments each month along with cash value increasing -RRB- and term insurance -LRB- strictly insurance protection only -RRB- . At one time there were insurance companies focusing on `` buy term and invest the difference '' which was an attempt to capitalize on the lower cost of term insurance and yet having cash values growing at market rates . Univeral Life Insurance is a combintation of the two uniting lower cost term insurance with an internal vehicle that will grow invested cash at various interest rates . It has its place in the insurance world . "}
{"input": "How To Apply For Social Security Disability Insurance? ", "output": "To apply for Social Security Disability Insurance you must contact your local social security office . You should also make sure that you are eligible for social security disability , the requirements are : 1 . You must have been disabled for at least five months 2 . You must have a disability that is expected to last one year or more , or result in your death 3 . You must be unable to perform the material and substantial duties of any occupation for which you are appropriately trained and/or licensed . "}
{"input": "Is Homeowners Insurance A Waste Of Money? ", "output": "People buy insurance because they can not bear the risk alone . Only a relatively small percentage of policyholders will incur a large claim in a given year , however , none of them could afford to bear that claim alone . Unfortunately I can not tell when you will have a claim and advise you to buy a policy because you will be having a claim soon . Actually most people buy a homeowners policy because their lender requires it , however , it is a very good deal , particularly if you do have that major claim . "}
{"input": "Is Homeowners Insurance A Waste Of Money? ", "output": "That is a great question ! A lot of people have a hard time with the concept of insurance . I 'm young , nothing will happen to me ! Or I 'm a good driver , why do I need insurance ? But inevitably things do happen . You can be the best driver ever , but that does n't mean the teenager texting in the car behind you is ; or that something can go wrong , and you 're laid up in the hospital . Homeowners is the same way . No one thinks that things will go wrong with their house , why would I want it ? Insurance is there to protect you when things do go wrong . You would not think the insurance was a waste of money when you got the check to replace your belongings , or the one that allows you to pay for the hotel rooms that you are forced into when your home is damaged . Insurance is only a waste of money when you drastically undervalue it . Please consider it as protection , and not a waste . Thanks for asking ! "}
{"input": "Is Homeowners Insurance A Waste Of Money? ", "output": "There is one insurance policy that is guaranteed to pay a benefit and that is Life Insurance . Unless you have a mortgage that will require you to have Homeowners insurance , then if you have enough liquid resources -LRB- cash -RRB- to completely rebuild you home in the event it is destroyed then you probably do n't need insurance . If you have enough resources available to pay a lawsuit settlement , then you probably do n't need insurance . If you ca n't answer yes to both of those questions , then no , Homeowners Insurance is not a waste of money . "}
{"input": "Can I Get My Own Car Insurance At 17? ", "output": "You may be able to with a small number of carriers , but based on my education and experience in the industry up to this point I would say the you would not be able to secure your own insurance coverage at seventeen . The legally recognized age for being an adult is currently eighteen which means that if you are not eighteen then someone else is responsible for you until you turn eighteen . "}
{"input": "Is Long Term Care Insurance Payments Tax Deductible? ", "output": "Eligible premiums paid for tax-qualified long term care insurance can be applied toward meeting the 7.5 % floor for medical expense deductions on your federal income tax return . The amount of eligible long term care premium that can be applied to the 7.5 % floor depends on your age . The IRS publishes a table and adjusts the amount for inflation . The benefit payments from a tax-qualified long term care insurance policy are not considered taxable income to the recipient , up to a per diem limit . The per diem limit , which is adjusted annually for inflation , is $ 320 for 2013 . The preceding is for general information and planning purposes only and may not be relied upon as tax advice . You must consult with a tax adviser for more as it applies to your situation . "}
{"input": "Why Is Home Insurance So Expensive In Wisconsin? ", "output": "Rates for homeowners insurance policies are based on the risk exposure and claims activity that a carrier has experienced . Almost all carriers within the United States have experienced an increase in premiums over the years due to the number of claims payouts from covered claims caused natural disasters and other covered incidents . I have seen questions from people all across the country that are asking about the cause of insurance premium increases . It is truely the unfortunate side effect of insurance that attempts to spread the financial risk across the many . "}
{"input": "Can You Borrow Money From Renters Insurance? ", "output": "No Renters Insurance does not have cash value . Renters Insurance is designed to replace your personal property in the event of a covered loss subject to a deductible . There is no savings feature that would provide for any type of loan . The policy will provide cash for additional living expenses if you must leave your apartment due to a covered loss . "}
{"input": "Can You Borrow Money From Renters Insurance? ", "output": "Because of the short duration of the policy there arent any reserves in a renter 's policy . You can not borrow from a renter 's policy . The only type of insurance that does develop cash value , and thereby the ability to borrow money , is a permanent life insurance plan . Discuss this with a professional life insurance agent . "}
{"input": "Does Asthma Affect Life Insurance? ", "output": "Mild , seasonal asthma that has been under control for many years will generally not have an impact on life insurance rates . Moderate asthma with occasional attacks and requiring daily medication will generally raise rates a little . Severe asthma requiring continual steroid treatment and exhibiting recent , frequent attacks can raise life insurance premiums significantly . If smoking or COPD is involved along with severe asthma , it could result in a decline . "}
{"input": "Can I Get Life Insurance If I Have Taken Drugs? ", "output": "If you have taken drugs over 10 years ago but have never had to have treatment or have not had any infractions due to drug use , your history of drug use may only affect your premium slightly , or possibly not at all . If your last drug use was more recent , you can still get simplified issue life insurance if you have not used drugs in the past two years . And finally , there is guaranteed issue life insurance for those who are currently using drugs . "}
{"input": "Can I Get Life Insurance If I Have Taken Drugs? ", "output": "Peggy is correct . I would also add the type of drug abused has a lot of barring on underwriting decisions . If you abused prescription drugs that are FDA regulated the underwriters are more forgiving on risk after 10 years . However , if you abused cocaine , heroine , meth , etc. these drugs are usually `` cut '' with unknown substance . This is viewed as a much higher risk by underwriters . The `` cut '' can cause more damage to the body than the actual drug . Therefore , in most cases these cases are declined from underwritten plans . "}
{"input": "Is Mortgage Insurance And Homeowners Insurance The Same Thing? ", "output": "No , not really . Mortgage Insurance is usually a type of Life Insurance , customarily term , that is designed to cover an amount needed to pay off a mortgage n the event that the Homeowner dies . Homeowners ' Insurance on the other hand is coverage that protectes your home from covered perils such as fire , wind , theft , etc. . "}
{"input": "Who Has The Best Health Insurance In Ohio? ", "output": "The best health insurance in Ohio is typically provided by one of the major companies in the state . These carriers are Anthem Blue Cross , UnitedHealthcare , Aetna , Medical Mutual or Humana . SummaCare offers policies in the Northern portion of the state . Healthspan -LRB- formerly Kaiser -RRB- is also available on the Exchanges . So how do you get the best health insurance prices in Ohio ? Perhaps I 'm a bit biased , since I 'm an experienced broker located here in Ohio with one of the premier websites . www.ohioquotes.com will help you easily enroll and find the best rates on the Exchange Marketplace . Of course , the key to getting the best rates from top companies is to have an expert shop and compare for you , help with calculating your federal subsidy -LRB- if you qualify -RRB- and helping with enrollment to the Ohio Health Exchange . Healthcare has significantly changed in the last few years with the passage of The Affordable Care Act . Policies are different and benefits have been revamped . It 's worth your time to utilize a broker to help you properly calculate the federal subsidy and determine the best available plans . "}
{"input": "Can My Auto Insurance Company Cancel My Policy? ", "output": "Yes , they can , but there needs to be a solid reason to do so . For the most part , and this one is the most obvious , a policy can be cancelled for non payment of premium . Now by non payment , that includes one simply not paying the required premium within the grace period -LRB- if there is one -RRB- or bouncing a check for payment and then failing to pay the premium owed and any returned check service fees imposed . Another reason for non renewal can be that the insured just does not meet the underwriting standards of the company as they have been filed with the State Insurance Department . This can be anything from too many minor moving violationtickets or accidents to more serious cases that result in the suspension of one 's license . Unless the reason for cancellation is non payment of premium on a policy that has NO grace period beyond the due date , the insurance company is required to notify in advance of their cancellation action . The number of days in advance can vary by state , but typically it is 30 days . "}
{"input": "What Is The Best Car To Buy For Insurance? ", "output": "I am not clear on the question . If you are referring to price alone it really depends allot on the individual information of the consumer but a Corolla has a decent insurance price . Just my opinion , you should really talk to your local agent . Speaking of my personalopinionIbelievethe best car to buy is the one you want . "}
{"input": "What Is The Role Of A Life Insurance Underwriter? ", "output": "A life insurance underwriter assesses the medical condition of the proposed insured as well as beneficiary election and financial justification . Overall insurance justification establishes whether the amount of coverage and the beneficiaries of the application are warranted before moving forward in the underwriting process . The paramount issue is here is the economic loss suffered by beneficiaries at the death of the insured . The medical information of the proposed insured contains the attending physicians statements , the insurance exam results , prescription medications and the application answers to determine an underwriting offer . The collection of this data can be a time consuming process from 4-6 weeks . "}
{"input": "What Is The Role Of A Life Insurance Underwriter? ", "output": "The role of a life insurance underwriter is to evaluate and determine the degree of risk involved in issuing life insurance policies to persons applying for life insurance at their company . This could involve simply looking at the MIB and pharmacy record -LRB- for simplified issue , nonmed policies -RRB- all the way to reviewing hundreds of pages of medical records , tax returns , and/or inspection reports for very large policies . The underwriters ' role is to make sure that the insurance company they work for does not lose excessive amounts of money by charging too little , but does not lose business by charging too much . Underwriters are a very important part of a reputable and secure life insurance company . "}
{"input": "What Is The Role Of A Life Insurance Underwriter? ", "output": "An actuary takes years of statistics and projects life expectancies for every age . From this information a standard rate is developed . The underwriter reviews the information provided on an insurance application . The purpose of this procedure is to decide how close to standard a specific risk is . The underwriter will make a determination upon which the company will either decline a risk or make an offer to insure . In the vast majority of cases the policies are issued at standard rates but the underwriter might adjust the offer either increasing or decreasing the premium as is warranted . "}
{"input": "How Do I Choose The Right Health Insurance Plan? ", "output": "Congratulations ! You have asked the question that millions of Americans are struggling with and will be struggling with for years to come . Without being self-serving to my industry , find yourself an experienced and well qualified health insurance agent to shop the market for you and to explain the fine details of the options available to you . The Affordable Care Act -LRB- ObamaCare -RRB- has accomplished what many thought impossible - making health insurance more expensive and even more complicated to understand than it already was . Buying health insurance online , whether it 's through the government marketplaces or private sites , is not like shopping around for the best deal on a hotel room or an airplane ticket . You will encounter a bizarre world of seemingly similar looking insurance products with wildly different prices or similarly priced products with wildly different benefit designs . I guide people through this maze and it really does n't matter if they have a 10th grade education or a PhD , they are amazed at the subtle differences I have to point out that make the real differences in the health insurance products they purchase . For example , one insurance carrier here in Tennessee offers identical insurance products in the government marketplace but has three different PPO network options attached to them . The average person would look at these products , determine that the benefits are the same and so why not pick the one with the lowest monthly premium ? What they have painfully learned later is that they have enrolled in a health plan with a very narrow network of doctors , hospitals and pharmacies . The hospital a few miles from their house that they assumed was in-network because it is part of the overall health system they have been familiar with in the past turns out not to be included in this narrow network product and instead they may have to go across town or to another county -LRB- in more rural areas -RRB- to go to an in-network hospital . Another major carrier uses terms like `` Local Preferred '' and `` National Preferred '' to differentiate their products . A quick scan of the benefit summaries reveals only slight differences in office visit & prescription copays , deductibles and out-of-pocket maximums but unless you really dig deep you wo n't be able to figure out one limits your pharmacy choices significantly while the other does not . Other insurance companies whose plans people have been familiar with and even enrolled in for years have found that these company 's products have transformed into products that now require primary care referrals for visits to specialists and other services or that they provide little or no coverage outside of their immediate geographic area . Just this week I spent about 3 hours explaining his different options to a man in his early 30 's who is smart enough to run his own business and who has been my customer for 6 years . The next morning he had his mother call me so I could explain the same things to her so she could help him feel good about his final decision . This is the reality of what the average consumer is now faced with in today 's health insurance marketplace . My advice , it 's a jungle out there . Do n't go in without a trained guide and beware of these so called `` navigators '' and `` assistants '' they are unlicensed , poorly trained -LRB- perhaps good intentioned -RRB- individuals who can do little more than read the same material on a computer that you can see . "}
{"input": "Does Renters Insurance Cover Flood? ", "output": "Flood is one of the leading causes of property loss in the United States . The problem is so great that the Federal Government has a program to provide that coverage . Private insurers , normally exclude damage caused by water entering the residence from the outside and in particular by flood . Your current insurance agent can probably give you specific information about the flood program in your area . "}
{"input": "Does Renters Insurance Cover Flood? ", "output": "Renters insurance will not cover flood damage . Neither will homeowners insurance . Flood insurance is a completely separate policy that is regulated by the federal government . Flood policies can be a little pricey . Depending on you geographic location if you are a homeowner you may be required by your lending institution to carry flood insurance . Renters on the other hand would not be required to carry such coverage unless specified by the rental agreement . "}
{"input": "Does Renters Insurance Cover Flood? ", "output": "To have flood covered by any type of renters or homeowners coverage , you must have a special flood policy . Your homeowners and renters will cover water damage due to sewer backup , burst pipes , or rain damage from a leaking roof , it will not cover flood . There is a special Federal Flood Insurance program you can look in to if you live in a flood zone . "}
{"input": "Why Do You Need Home Insurance? ", "output": "Most people buy home insurance because it is required by their mortgage company . A home is often the largest single investment made by a family . It also represents the largest risk that a family can assume . Anyone injured on your property can sue you for personal liability or property damage . You are vulnerable . The home is often your largest asset . If the house were to be destroyed , your loss would be substantial . Since you depend upon your home as a place to live , if it were destroyed there would be considerable additional expenses to find suitable lodging . There are many other reasons but it just makes common sense to insure such a significant asset . "}
{"input": "How Much Life Insurance Does A Soldier Have? ", "output": "Soldiers are automatically enrolled in the VA 's group life insurance plan -LRB- SGLI -RRB- at a face amount of $ 400,000 . There is a low cost charge to the individual being insured . If the soldier does not want that much , he/she can choose to reduce the face amount . There are also some options to insure his/her family . "}
{"input": "How To Submit A Home Insurance Claim? ", "output": "You are going to have to determine what caused the damages and submit a claim appropriately . For example there may be water damage of a broken pipe or water damage form a flood . both are water damage but both are not typically covered under the homeowners policy . A broken pipe from say a freeze loss would be typically covered . A flood from a nearby stream would not be covered . In property insurance you may have contents to list and produce a notice of loss . Such an inventory is hard to do after the damage occurs . for that reason we recommend keeping an inventory of your important household goods away form your premises in a safe place . "}
{"input": "Is There A Deductible On Renters Insurance? ", "output": "There is no deductible on Section II of your Renters Insurance Policy ; Section II applies to Personal Liability and Medical Payments to Others , both of which do not require a deductible . If you are purchasing Renters Insurance primarily to provide Personal Liability coverage required by your landlord or simply for the personal protection of your assets from a liability exposure , you will be best served by purchasing a policy with the maximum available deductible . The lowest renters insurance policy premium will be generated by selecting the maximum deductible amount on the policy ; however , the deductible only applies to the Personal Contents -LRB- physical loss -RRB- . It is important to review your policy as there are variations from State to State ; however , Renters Insurance is referred to as a Homeowners Form HO-4 or Renters Form . In most geographic areas , Stillwater Insurance generates the lowest premium for this type of coverage and the policy is available online . You may obtain a Free Renters Insurance Quote and Buy your Renters Insurance Policy Online at : WEBSITELINK Stillwater Insurance , formerly Fidelity National Insurance Group , is an admitted carrier , authorized and licensed in all 50 States . "}
{"input": "Is There A Deductible On Renters Insurance? ", "output": "There isnt a deductible if you are sued . When property is damaged as a result of a covered peril -LRB- fire , windstorm , etc. -RRB- the company will apply the stated deductible to the settlement of a claim . The purpose of the deductible is to reduce the number of claims by eliminating the small , inconsequential losses . In reducing the number of claims the cost of the insurance is reduced . The company usually will offer several deductibles to choose . You can tell by the premium change the effect that these smaller claims have on the cost of insurance . A deductible is much like self-insuring . It allows you , the policyholder to assume a portion of every loss in order to reduce the cost . The higher the deductible the closer you become to catastrophic insurance . As a principle , it is wise to assume as much of the risk yourself as you can reasonably afford to reap the benefit of a lower premium . "}
{"input": "Is There A Deductible On Renters Insurance? ", "output": "The property coverage portion of your renters insurance policy will have a deductible , yes . Upon settlement of a covered claim , that settlement will therefore be subject to that deductible as well as the other terms and conditions of your policy . Talk to your insurance professional about your coverage and settlement options . "}
{"input": "Can I Get Out Of State Car Insurance? ", "output": "If you live in one state and are fortunate enough to also own a vacation home in another , and you choose to have a car registered in state for your use while you are there , then it is possible , if not required that you have a car insurance policy in that state . Most if not all states require car insurance in order to register a car for use on public access roads and highways and in most cases , that insurance must be obtained in the state in which the car is registered . Honestly that is the only circumstance I can think of where you may have insurance on a car from another state which is not where you primarily reside . "}
{"input": "Can I Get Out Of State Car Insurance? ", "output": "Based on my education and experience so far in the industry , I would say no . Auto insurance is based on your garaging zip code therefor you could only purchase insurance from a carrier that is licensed within your state . Now if you are asking if you can purchase auto insurance from a carrier that is not physically located within your state then the answer would be yea , a carrier could be physically located outside of your state but still be licensed to sell insurance within your state . "}
{"input": "What Is Best Retirement Plan For A Small Business? ", "output": "Each business owner needs to determine which retirement plan is suitable for their organization . If the sole proprietor is also the only employee , with limited contributions an IRA may suffice . But if an IRA contribution is too low , an SEP IRA may be a better option . For employers who have several employees , a 401 -LRB- k -RRB- may serve the organization by offering such a plan as an employee recruiting and retention tool . "}
{"input": "What Is Graded Death Benefit Whole Life Insurance? ", "output": "Graded Benefit Whole Life Insurance is whole life insurance that pays a reduced benefit during the first one to three years , then pays the full death benefit after that . E.g. . If death occurred during year one or two , it may pay back all you paid in , plus 10 % . If death occurred during year three or afterwards , it would pay the beneficiary the whole death benefit . Different policies are graded a different number of years , and each carrier has their own criteria for how much is paid back during the graded years . Most graded benefit whole life policies are only graded for natural death . I.e. death due to illness or old age . They usually pay 100 % of the death benefit from day one for accidental death . Guaranteed issue whole life policies are graded , and some simplified issue policies are graded . Simplified issue policies are those that do not require an exam . The biggest thing to watch out for with graded whole life insurance is whether the premium stays level for life . Some graded whole life policies have premiums that go up at regular intervals . With some , the company may raise the premiums at any time , as long as they do so for everyone owning that type of policy . If you anticipate living longer than a few years , it is best to buy a graded benefit whole life policy where the premium will stay level for the rest of your life . Please feel free to contact me at any time if you would like to see whether you qualify for an immediate benefit policy , or to get some competitive quotes for several graded benefit policies that have the price locked in for life . "}
{"input": "What Is Graded Death Benefit Whole Life Insurance? ", "output": "That is a great question ! If you are looking at whole life insurance policies , you want to look at whether the policy is an `` immediate issue '' policy , or one that is a `` graded -LRB- or `` modified '' -RRB- '' policy . An immediate issue policy is one that goes into effect as soon as the underwriting is approved , the policy is issued , and the first payment received -LRB- in some States the policy may be honored if the company issued the policy , and the payment had not yet been received -RRB- . These policies are most often written for people with great health , or people with minor health issues , as determined by that company 's underwriters . -LRB- A good independent agent can help you find the best fit . -RRB- A graded or modified policy will be issued to folks that have more significant health issues , or by companies that are mass marketing the policy - like AARP or Mutual of Omaha 's `` guaranteed everyone qualifies '' policies that you see on TV or that arrive in your mailbox . These policies will all have a period of time where the desired face value -LRB- and typically it is very small - often not more than $ 10,000 -RRB- is not paid out unless the insured dies an accidental death -LRB- as strictly defined by the insurer -RRB- . Typically any health related passing will result in a payment only of the amount you 've paid into the policy , and some amount of interest . This period is generally 2-3 years . -LRB- Again , an independent agent can help sort through companies to help you find the best grade for you . -RRB- So an `` everyone is guaranteed '' policy like AARP offers will somewhere in the small print tell you that the policy has a graded or modified benefit period of ___ years and during that period a death resulting from natural causes will result in the return of premiums paid plus __ % interest . This is done to help limit their cost over the entirety of the risk classes they will be insuring . The other companies that offer this type of policy are doing it based upon your specific health issues , and the increased risk to your mortality . For example , someone who has no diabetes , or that has controlled their disease with a regimen like Metformin will usually be a certain immediate issue candidate . Someone whose diabetes went unchecked for a while , and is on an insulin program will more often than not be issued a graded/modified policy . If that unchecked diabetes has led to complications like amputations , diabetic coma , or neuropathy , you can usually expect the more expensive guaranteed issue policy to be your only option . Again , a good agent can help you find the best fit for you . You can expect to pay less for the immediate issue policy , more for the graded policy , and most for the guaranteed issue policy . I hope that answers all of your questions , and if not , please do n't hesitate to reach out and contact me , I 'd be more than happy to spend some time answering whatever questions or concerns that you may have . Thank you for asking ! "}
{"input": "What Is Graded Death Benefit Whole Life Insurance? ", "output": "Graded death benefit whole life insurance is permanent coverage that features an alternative structure in the first 2 or 3 years of the policy -LRB- depending on the insurance company -RRB- . The program will feature one of two graded benefit methods . 1 -RRB- Return of premium - if death occurs during the graded period , any premiums paid into the policy is given to the beneficiary . If death occurs under accidental means , then the full benefit is still payable . After the graded period has expired , the full benefit is payable regardless of whether death occurs due to illness or injury . Some carriers may offer interest on your premiums if the insured passes away during the graded period - be sure to review your policy to see if it 's under your policy . The return of premium structure is more commonly seen under graded benefit whole life policies . 2 -RRB- Reduced death benefit - if death occurs during the graded period , the coverage will payout a specific percentage of the death benefit , depending on which year during the graded period death occurs . For example , if death occurs during the first year of the policy , the carrier only pays 30 % or 35 % of the death benefit -LRB- depending on the carrier -RRB- - 70 % or 75 % if death occurs during year 2 . If death occurs under accidental means during the graded period , then the full benefit is payable . After the graded period has expired , the full benefit is payable regardless of whether death occurs by illness or injury . Under final expense policies -LRB- another name for small whole life policies with face amounts of $ 25,000 or less -RRB- , the responses to the health questions determine whether you will qualify for a level benefit -LRB- immediate full coverage -RRB- or a graded benefit . Typically , to qualify for a level benefit , all the health questions have to be answered no . Please note , just because you may not be able to answer all health questions no for one carrier 's program , does n't mean you would n't be able to answer no to all questions for a different carrier . Each insurance company has their own questions that they ask so one carrier may be able to consider a level benefit where another may not . The wording to the questions is critical to pay attention to . If you ca n't qualify for traditional final expense coverage , you always have the option for GUARANTEED ISSUE whole life . These programs do not ask any health questions whatsoever . They will feature the return of premium graded period . When buying any whole life insurance policy , be sure to remember 2 things : 1 -RRB- Do the premiums remain the same for the entire life of the policy ? - Some policies feature banded premium - meaning they go up every 5 years . They may be cheaper up front during the first couple years , but can cost significantly more over the long run . 2 -RRB- What age does the coverage carry you to ? - Some policies will only carry you to age 80 or to age 90 - and if you live beyond that age , your policy automatically terminates . It 's best to set yourself up with something that guarantees the coverage will remain in place for life -LRB- as long as you continue to pay your premiums of course -RRB- . I always suggest consulting with an independent agent who can shop the case for you and compare multiple insurance policies with your medical history to make sure you 're getting the desired coverage at the lowest possible cost . There is no cost to doing so . If you 'd like some help gathering the most accurate quotes and securing the coverage at the lowest cost , please send me an e-mail via the contact me button next to my name with your name and contact information to reach you at . I hope the information is helpful - thanks very much . "}
{"input": "What Is Graded Death Benefit Whole Life Insurance? ", "output": "Graded death benefit life insurance occupies the space between so-called `` normal policies '' and `` guaranteed issue life '' insurance , where anyone can get coverage without any medical questions or questions about lifestyle , travel , etc. . Usually , a graded benefit policy will be an `` accident only '' policy for 2 years and then a part or all the death benefit would be paid depending upon the carrier . "}
{"input": "How To File A Claim On Renters Insurance? ", "output": "In order to file a claim on your renters insurance you simply need to call the company you have the insurance with . No different then filing an auto insurance claim . The insurance carrier that you have your renters insurance with will take the information and assign a claim adjuster to work with you on your particular claim . "}
{"input": "What Is Key Life Insurance? ", "output": "Key Life Insurance , often called Key Man or Key Person Life Insurance , is a policy that is taken out on a `` key '' employee of a business . The business usually pays for the policy and receives the benefits so that it has the funds to look for a new employee and not suffer financially in the interim , if that key employee should pass . "}
{"input": "What Is Key Life Insurance? ", "output": "Key Life Insurance , often referred to as Key man or Key person Life Insurance is usually purchased by business The business is the beneficiary to receive funds to aid in the transition in the event of the Key employee 's death . "}
{"input": "What Is Key Life Insurance? ", "output": "Many business owners purchase life insurance on their key personnel or business partners . Some businesses use life insurance in deferred compensation plans to fund executive compensation . Key personnel can be any employee that impacts the company , i.e. from rainmakers to the top admin person who runs the firm . "}
{"input": "How Will Medicare Cuts Affect Patients? ", "output": "Medicare cuts hurt everyone , patients and providers alike . When Congress reduces funding for Medicare that means you have fewer choices , are expected to pay higher premiums , copay 's , deductibles and out of pocket . Congress also seeks to limit the amount they pay providers for services rendered . When this happens fewer doctors will take on new patients and stretch out the time between appointments . "}
{"input": "Can Anyone Buy A Life Insurance Policy On Someone Else? ", "output": "In order to take a policy out on another individual you must have some sort of insurable interest . A family member , an employer , a creditor , are all examples of insurable interest . The party being insured must also have knowledge and approve of the insurance and sign the application . "}
{"input": "What Is The Lowest Cost Auto Insurance? ", "output": "The lowest cost auto insurance will depend on where you live , the car you drive , your driving record and the coverage you want . Shopping for the lowest rate is handled best by an experienced broker . You can quickly compare the best prices online , apply for coverage quickly and utilize low down-payment options . You want great coverage at the lowest rates and it certainly is possible . "}
{"input": "How Does One Get Renters Insurance? ", "output": "To get renters insurance you must contact an agent who is licensed to sell Property and Casualty insurance . Any agent who sells home and auto insurance is licensed to sell renters insurance . You should seek out an agent who will show you policies from numerous carriers so you can determine which carrier is the best match for you . "}
{"input": "How To File A Claim With Renters Insurance? ", "output": "The whole issue of filing a claim presents a problem . Property claims are actually rare . Property insurers traditionally give either premium discounts or deductible discounts based on the period of time the policy has been claims-free . It is possible that a small claim would result in a loss of these discounts and the actual out-of-pocket expenses that you experience would be more than the amount recovered . There is also the matter of mitigation which means that you can often contain the expense of a claim . This might cost you but your net out of pocket expenses might be reduced . The bottom line is to know your agent , know your deductible , and make sure both of you know the discounts you might already be receiving , before you call that 800 number . If the house is on fire , dont wait ! "}
{"input": "How Is Car Insurance Quote Calculated? ", "output": "There are a lot of factors used when calculating auto insurance rates . Each company has their own formula for calculating rates . Factors they use include age , gender , location , marital status , driving record , credit rating , type and value of vehicle , residential status -LRB- owner vs renter -RRB- , and prior insurance coverage , and claims history all can factor into the rate . "}
{"input": "How Are Variable Annuity Withdrawals Taxed? ", "output": "In Canada , variable annuities are called segregated for seg funds . They are similar to mutual funds , but because they are issued by insurance companies there are differences including maturity and death benefit guarantees . Withdrawals from a segregated fund are taxed differently depending on the underlying units , the gain could be taxed as a capital gain , interest or dividend income . You would need to confirm with the issuer to be certain . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . "}
{"input": "Can I Cash Out My Life Insurance? ", "output": "If there is cash value in your life insurance , and it is of a value more than any loans or fees or surrender charges that would need to be paid , you can cash it out . There are other options for your policy , as well , such as reducing the face amount so that you no longer have to pay premiums on the policy . Or taking a loan from your policy . Or taking dividends as cash . Before you give up a permanent policy that has built up cash value , you should explore these other options . "}
{"input": "What Is Non Participating Whole Life Insurance? ", "output": "Non-participating whole life insurance is very straightforward coverage . Your premiums are fixed and guaranteed for life . You pay your premium for the policy and at whatever point in time death occurs , the policy pays out a death benefit . As with any permanent life policy , it does build cash value that you can borrow against , however these policies do not pay any dividends that can normally be used to reduce your premiums , secure paid up additions -LRB- increasing your total death benefit -RRB- , or making a payment to the policyowner . Only participating whole life policies can pay dividends . I hope the information is helpful - please feel free to contact me for assistance with your life insurance needs , including quotes and policy comparisons , and if you have any other questions . Thanks very much . "}
{"input": "What Is Non Participating Whole Life Insurance? ", "output": "That is a great question ! Many insurers are regular corporations , and some are mutual or fraternal organizations . As they make money , as in any corporation , there are dividends that may be paid . Mutual insurers are a lot like mutual funds , -LRB- I am simplifying this tremendously -RRB- in that they will generally pay those dividends , as each policy holder is a shareholder in the company . The ones that pay are `` participating '' ; the ones that do n't are `` non-participating . '' Unfortunately , there are far less participating companies than non-participating . I hope that helps , thanks for asking ! "}
{"input": "How Does Group Universal Life Insurance Work? ", "output": "Group Universal Life is offered to employees by businesses . Some employers pay for the coverage ; in other businesses , the insurance is voluntary and paid for solely by employees . Group Universal Life Insurance policies -LRB- GULP -RRB- are permanent and can accumulate cash value . As such , they are usually portable , so that employees can take their coverage with them when they leave their jobs . "}
{"input": "Does All State Renters Insurance Cover Flood? ", "output": "Flood insurance is handled through the Federal government only and sold through insurance carriers . Renters insurance as well as homeowners insurance does not cover flood damage of any kind . You must purchase flood insurance as a seperate policy . Contact a local agent to find out availabity for this coverage within your area . "}
{"input": "I Am Disabled When Do I Get Medicare? ", "output": "Disabled individuals may qualify for Medicare subject to certain conditions . You must meet the Social Security definition of disability and , in most cases , have received SSDI checks for 2 years . Specific medical conditions , such as ESRD -LRB- end stage renal disease -RRB- may qualify you for immediate Medicare benefits . Medicare Advantage plans will not offer coverage if you have ESRD . "}
{"input": "Is Life Insurance Considered Community Property In Connecticut? ", "output": "Connecticut is not a community property state , so life insurance would not be considered community property there . There may be additional state rules regarding assets owned by married couples , but community property is not one of them . Assets like life insurance , specifically cash value life insurance can often be subject to negotiation regarding splitting values between parties during divorce . "}
{"input": "Does Medicare Part D Cover Diabetic Supplies? ", "output": "Medicare Part D does cover some diabetic supplies . Part D will cover supplies that are used for administration of insulin -LRB- syringes , needles , alcohol swabs , gauze and inhaled insulin devices -RRB- . Medicare Part B covers diabetic supplies such as blood glucose monitors , test strips , lancet devices , and lancets . "}
{"input": "Where Can I Find Cheap Car Insurance For An 18 Year Old? ", "output": "There 's no doubt about it . Car insurance for teenage drivers is expensive ! New drivers are 5 times more likely to have an accident . The good news is there are ways to lower your cost without sacrificing coverage . The biggest mistake I see parents make is reducing coverage when they add their son or daughter . If your child has an accident the parents will be sued , not the child . If you are going buy a car for your child buy an older vehicle and stay away from sport cars . A Mustang GT is not a good option for lowering your cost . If you are not going to buy a vehicle and have more drivers than cars , then you can list your child as an `` occasional driver '' . Most companies also offer Good Student Discounts and a discount for completing driver 's education so make sure you inquire about both of these for additional savings . "}
{"input": "Where Can I Find Cheap Car Insurance For An 18 Year Old? ", "output": "Cheap car insurance rates for an 18 year-old are sometimes possible . As an experienced broker with 33 years of experience , our job is to find the lowest rates offered by the most reputable carriers . But the coverage you have on the vehicle is critical . While low liability limits and high deductibles may result in affordable prices , it is important to understand what the `` sweet spot '' is when picking the right policy . "}
{"input": "Where Can I Find Cheap Car Insurance For An 18 Year Old? ", "output": "This is a very complicated subject . In California all the drivers in a household are included on an auto policy . Parents dont want the additional expense of insuring their cars with an inexperienced driver in the household . Some purchase a car and place the car in the 18 year olds name . They then buy the cheapest auto insurance with just the bare legal limits . The problem arises when the inexperienced driver injures others in an accident and the injured party starts suing . The lawyers will not stop at the limits of the policy purchased for the 18 year old . I have seen them even go after grandparents who loaned money to the 18 year old . Your only recourse is the low limit policy purchased for the car . The rest of the lawsuit comes after everything that you own . It is usually cheaper to include the inexperienced driver on the family policy . If you add another car you can isolate the expense to that car but at least you can have the advantages of discounts and perhaps save yourself from bankruptcy down the road . "}
{"input": "Does My Husband Have To Be On My Auto Insurance If He Doesn't Drive The Car? ", "output": "Here in CT , a licensed driver needs to be either rated or excluded on an auto policy . The tough part is that although this can work in many situations , a spousal situation is not one of them . It may be possible if each of you have a car registered in your own name and insured on separate policies , this you really neeed to check with your Insurance Professional "}
{"input": "Does My Husband Have To Be On My Auto Insurance If He Doesn't Drive The Car? ", "output": "I understand it 's hard when you have a driver with , shall we say , a less than stellar driving record . Most companies , however , will want your husband to be named on your auto insurance policy . Over the years they 've realized that people drive the cars that they own whether they 're insured on a policy or not . It 's just the reality of the situation . However , that does n't mean that your rates have to be sky-high , as you put it . There are some pointers I can give you to help minimize the impact . Your husband can get his own insurance separate from yours . If his record is bad enough that he has be placed with a non standard -LRB- high risk -RRB- company , you can still have a policy through a standard company . As long as he has insurance , he does n't have to be listed as a driver on your policy . Whether you choose to have him get his own policy or list him on yours , list him on a car that does n't have physical damage coverage -LRB- comp and collision -RRB- . Physical damage coverage on a non standard policy can cost big dollars , as much as 75 % of the total cost of the insurance . Track his driving record . Any violation will eventually drop off for rating purposes . Most minor violations will drop off after two years , at fault accidents will usually drop off after three years , and major violations -LRB- DUI etc. -RRB- will drop off after five years . As soon as he 's eligible to be insured through a standard carrier , list him . Many people do n't realize this and continue to pay non standard rates even after they 're eligible . I 'll preface this last point by saying I do n't recommend it . Some companies can exclude a driver . In so doing they 're not rated on the policy and they 're record does n't matter . But realize that there is no coverage if they get into an accident , even if they 're driving a car on the policy . Once again , I do not recommend this . From time to time I see a driver that has a problem driving safely . They routinely get tickets and have accidents . Some will even just stop carrying insurance because it 's so expensive but do n't seem to see the correlation between their driving and their insurance rates . If he will , get him into a safe driving program . If he wo n't , you 'll probably be dealing with this for a long time . Good luck . "}
{"input": "Is Long Term Care Insurance A Good Purchase? ", "output": "Long Term Care Insurance is a good purchase if there is a risk of needing nursing home , assisted living , or home health care in your future . My father waited too long to get long term care insurance , and no longer qualified for it . It would have been nice to have that extra income to help my mom care for him . There are so many ways that people can be laid up , and hospitals are reluctant to allow people to stay too long . So long term care insurance can be a very good purchase for helping those who need the care , and for those who give it . "}
{"input": "Is Long Term Care Insurance A Good Purchase? ", "output": "The # 1 risk in retirement is human longevity . The longer we live , the odds become higher that we will need assisted or living and/or nursing home confinement . The costs for care are ever increasing , so it 's important to protect your retirement income from the economic eroding affects of long term care costs . "}
{"input": "How Much Is Homeowners Insurance Deductible? ", "output": "That really can vary depending on the insurance company or value of your home . Many older policies in Connecticut for example have a $ 250 or $ 500 deductible . But in many cases , insurance companies are now issuing policies with a minimum deductible of $ 1,000 . Larger more expensive homes may be covered on a policy that includes a $ 2500 or higher deductible . "}
{"input": "How To Save A Lot Of Money For Retirement? ", "output": "Be frugal , try not to waste too much of your money on unnecessary things , buy what you can comfortably afford , pay off your credit cards and all of your other bills in full every month , put money away , and invest wisely . Time is a great friend for you because of the power of compounding interest . If you start saving money at a younger age , it can grow much more money in interest over those extra years and yield more money for you in your retirement years . It can be helpful to consult with a financial planner that can help guide you on managing your monies wisely . I would also recommend reading some books and articles that provide valuable tips on saving for retirement - there are a number of good ones out there . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any other questions . Thanks very much . "}
{"input": "Can I Get Health Insurance With A Pre Existing Condition In New Hampshire? ", "output": "Under the Afforable Care Act , you can not be declined for health insurance due to a pre-existing condition or other health-related issue . You have the option to secure a bronze , silver , gold , or platinum level plan - please note , not every carrier offers a plan under each level -LRB- e.g. company XYZ may only offer bronze , silver , and gold plans , but not platinum plans -RRB- . Individuals under age 30 also have the option of securing a catastrophic plan . If you qualify for a subsidy , you would want to look into plans ON the health insurance exchanges . If you do n't qualify for one , you may want to look into plans OFF the exchanges as you will generally have more options available to you . I always recommend consulting with an experienced broker if you 're looking for coverage or want to review your existing insurance to see if a better option is available . Insurance brokers have an in-depth knowledge of products from many different carriers and can help you determine the plan that 's going to best serve your needs and your budget . Please let me know if I can be of further assistance . Thanks very much . "}
{"input": "Where Can I Find Renters Insurance? ", "output": "To find renters insurance look no further than your trusted insurance agent . If you dont have an agent , get recommendations from friends , colleagues and neighbors . An agent should listen to you , offer sound financial advice , and communicate clearly with you and the insurance company . The most important thing that the agent will do is advise you on appropriate limits . If your policy doesnt meet your expectations when there is a claim , nothing else matters . "}
{"input": "How To Switch From Medicare To Medicaid? ", "output": "Medicare is administred by the federal government wheras Medicaid is administered by your State . You must go to the county office that processes request for medicaid and low income subsidy to apply for medicaid . Typically you would retain Medicare as primary carrier and if you are approved for Medicaid it becomes secondary and pays the copays and deductibles "}
{"input": "Can You Get A Life Insurance Policy On Anyone? ", "output": "No , in order to get a life insurance policy on someone else , you need to have an insurable interest in them . To put it another way , their death must cause you financial hardship in order for you to receive money for their death . If the other person is a close relative , just the emotional impact of their death is considered insurable interest , to a point . "}
{"input": "Can You Get A Life Insurance Policy On Anyone? ", "output": "No , not really . In order to take out a life insurance policy on someone , you must have an `` insurable interest '' in that person . In a partnership business situation , for example , insurable interest is shared between the partners . Since the business would be affected by the passing of any partner , most likely having a financial impact , partners can arrange life insurance protection on each other to mitigate that impact should anyone die prematurely . "}
{"input": "How To Evaluate Disability Insurance? ", "output": "To evaluate Disability Insurance , you want to be sure to compare similar plans so that you are comparing `` apples to apples '' price-wise . You most likely want to include `` own occupation '' so that you can be paid if you can not perform your own job , not just any job . You will want a `` residual '' benefit in case you can work some , but not as many hours as before , or not produce as much as before in the hours that you work , or not make as much for what you do accomplish , due to your disability . You want to make sure it lasts as long as you would want , and that you most likely will have enough resources on hand to get you through whatever elimination period you select . "}
{"input": "Is Jewelry Covered Under Renters Insurance? ", "output": "Most renters insurance policies provide some limited coverage for jewelry less your deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "How Long Do Annuities Last? ", "output": "All annuities should be purchased as ultimate income products . Distributions can take the form of withdrawals , period certain like 10 or 20 year payouts and even lifetime income you ca n't outlive . If you annuitized your deferred annuity with the life only option , it will generate income for the rest of your life . "}
{"input": "Can Disability Insurance Be Garnished? ", "output": "While Disability Insurance may be exempt from garnishment in your state , if your funds are comingled with your other funds in your bank account , it is possible for your bank account to be garnished . So it is a good idea to set up a separate bank account for your Disability benefits . If you are ordered by the court to pay child support , or have unpaid bills , then your Disability Insurance proceeds may be subject to garnishment . "}
{"input": "Can I Get Life Insurance If I Have Had A Stroke? ", "output": "Getting life insurance after having a stroke is challenging , but usually can be done . If the stroke has been over two years ago , there are a number of simplified issue policies that will offer coverage . If the stroke was within one or two years , guaranteed issue policies will cover stroke , if available in your state . Most of these types of policies have a minimum issue age of 40-50 years old . For simplified issue , you must be able to do ADL 's indpendently ; for guaranteed issue , you do not . If the stroke was very mild and not repeat problems , some medically underwritten policies are available . Consult an agent or agency experienced in impaired risk life insurance to shop the policy for you . "}
{"input": "Can I Get Life Insurance If I Have Had A Stroke? ", "output": "Guaranteed and simplified issued may be available by several life insurance companies for depending how long ago the potential insured experienced a stroke and how severe it was . Depending upon the insureds history and the severity of the stroke , fully underwritten policies may be an option to explore . "}
{"input": "Will I Have To Pay Taxes On Life Insurance? ", "output": "There are no taxes for owning a life insurance policy . If it increases in value , there are no reporting requirements . However , if you surrender the policy and the amount you receive exceeds the total of premiums paid , then you have taxable income . If you die , your beneficiaries will not have to pay income tax on the proceeds , however , the proceeds are includable in the estate/inheritance calculations which could generate a tax liability . There are other conditions where tax could be imposed but generally speaking life insurance proceeds escape taxation . "}
{"input": "Will I Have To Pay Taxes On Life Insurance? ", "output": "Most life insurance benefits do not necessitate paying income taxes . If you are the owner or beneficiary of a policy where the cash value is over the amount paid in , you may need to pay taxes on the gain . Federal estate taxes , and possibly state estate taxes -LRB- depending on where you live -RRB- may be charged on the portion of the estate value above the exempted amount , when there is not a surviving spouse . The federal exemption is 5.25 million dollars . The exceptions above represent a small percentage of life insurance policies . Life insurance is especially appealing because no tax is paid on most policies , ever . "}
{"input": "Can I Transfer My Car Insurance To A Rental Car? ", "output": "Most automobile policies extend coverage from a covered automobile to a rental . The terms and limits of your policy apply . In some cases state rules might mandate slightly different coverage in which case your policy will adjust . Rental companies offer coverage that allows you to report the damage and walk away . That could be an advantage . "}
{"input": "How To Set Up A Personal Retirement Plan? ", "output": "There are many options for funding retirement . But here are the two tributaries of thought . The first thing you should determine is your effective tax bracket . If your tax bracket is high you may want to consider a qualified plan like a 401 -LRB- k -RRB- , especially if your employer offers a contribution match . But if your effective tax bracket is small and you have no employer sponsored plan , then a non qualified retirement alternative that uses life insurance or annuities should be a consideration . "}
{"input": "How To Set Up A Personal Retirement Plan? ", "output": "First determine your retirement plan should be qualified or non-qualified . Are you a business owner or an individual ? Are you or your business in a high tax bracket ? How long do you think youll contribute to the plan and what amounts will you contribute ? Then you need to establish a personal financial profile that includes risk assessment , financial goals and a life expectancy report . After you have completed this list , you can determine which qualified plan to use . "}
{"input": "Is There Medicaid Or Medigap To Help With Medicare Payouts? ", "output": "Absolutely !! There are Medicare Supplements offered through private insurance companies like Humana and Aetna that will help pay some of the costs not covered by Original Medicare or some supplements like a Plan F that covers everything that Medicare does not cover except of course prescription drugs . You still need a Part D prescription drug plan . The cost for a Medigap or a Medicare supplement can range from $ 50.00 to $ 350.00 at age 65 depending on the level of coverage you would like.Open enrollment which allows you to move in and out of these plans is Oct 15 to Dec 7th every year . Another option is getting a Medicare Advantage Plan , which is also offered by private insurance companies but most of the time there are plans available with a $ 0.00 monthly premium in addition to what they already take out of your check for part B. Instead of paying 20 % like Medicare , you pay low or no co-pays when you seek medical services . There are usually no deductibles on a Medicare Advantage Plan either . For more info please visit : rocoinsurance.com/medicare-products.html "}
{"input": "What Do You Need In Renters Insurance? ", "output": "A renters Insurance policy does two things . First , it provides coverage for the physical damage or loss of your personal property from either named or broadly implied perils . So you would need to have an idea of the value of your belongings . Second , it provides liability protection for anything that you may be responsible or legally liable for . Injury to another person or damage to their property are examples . "}
{"input": "When Is Open Enrollment For Medicare B? ", "output": "You can enroll in Medicare Part B when you turn 65 , when you have a special enrollment period -LRB- e.g. you 're 65 or older and coming off of group coverage -RRB- , or during the general enrollment period -LRB- January 1-March 31 of each year -RRB- . Please note , when you enroll in Part B during the general enrollment period , your effective date for the coverage will be July 1st . You may also be eligible for Part B under age 65 if you 're on social security disability or have a specific medical condition -LRB- e.g. ESRD or ALS -RRB- and meet eligibility requirements . Please note , if you do n't enroll in Part B when you 're first eligible and you do n't have a special enrollment period available to you , you may be subject to a late enrollment penalty -LRB- premium can go up 10 % for each full 12-month period that you could have enrolled in Part B , but did not -RRB- . When you enroll in Part B , you also activate your 6-month open enrollment period to purchase a Medigap plan to cover the gaps in original Medicare -LRB- Parts A & B -RRB- with NO MEDICAL UNDERWRITING ! This is the best time to buy one if you do n't want to create an extremely predictable healthcare expense structure . Please feel free to contact me for further assistance . Thanks very much . "}
{"input": "When Is Open Enrollment For Medicare B? ", "output": "Your initial open enrollment period for Medicare Part B occurs when you 're turning 65 years old . It 's a 7-month window that starts 3 months before your birth month and ends 3 months after . If you enroll in during the 3 months prior to your birth month , then your effective date will be the 1st of your birth month . If you enroll during your birth month , your effective date will be the 1st day of the following month . If you enroll 1 month after you turn 65 , then your effective date will be 2 months after you sign up . If you enroll 2 months or 3 months after you turn 65 , then your effective date will be 3 months after you sign up . To avoid being hit with any delays , it is ideal to sign up during the 3 months prior to your birth month so it starts the month you turn 65 . Note - when you enroll in Medicare Part B , it activates your 6-month open enrollment period to buy a Medicare Supplement -LRB- Medigap -RRB- policy . Medigap plans covers what Medicare Part B does n't cover . This is the best time to buy a Medigap plan because you can secure any Medigap plan without any medical underwriting . This means that you can buy a plan regardless of what your medical history is . You also have the `` general enrollment period '' available to you if you do not sign up when you first turned 65 . This enrollment period for Medicare Part B occurs from January 1st through March 31st of each year . During this time , you can sign up for Medicare Part B if you did not do so when you turned 65 and do not have a special enrollment period available to you . Please note , if you sign up during the general enrollment period for Medicare Part B , the effective date for the coverage will be July 1st . You may also be subject to a late enrollment penalty if you enroll in Medicare Part B after your initial open enrollment period - calculated as a 10 % penalty for each 12-month period you could have had Part B and went without it . You may also have a `` special enrollment period '' available to you . A common scenario when this occurs is when someone comes off of group coverage through an employer . The effective date of your Medicare Part B coverage would be the first of the following month after you sign up . I hope the information is helpful - please feel free to contact me for help with your Medicare Supplement plan needs and if you have any other questions . Thanks very much . "}
{"input": "Will Health Insurance Pay For Dental Work? ", "output": "The short answer is generally no , that 's what Dental insurance is for . However , there are several caveats to this . First , the Affordable Care act does require pediatric dental coverage as part of the offer the health insurance plans have to make , so there is now some dental coverage for your children available in health insurance . Check with your current carrier to get the details . Secondly , there is a difference between , check up , filling a cavity , teeth clean etc. and an actual medical condition . For example , if your jaw was broken in a fall and it damaged some of your teeth in the process . Your health carrier may cover some or all of it because it is injury related and part of a larger issue . or is you have a cancer that destroys part of your jaw and teeth , again this is a medical issue and not just a dental one and your carrier may cover some of the medical expenses . "}
{"input": "Can I Add My Son To My Policy For His Car If I Am Not On The Title? ", "output": "Insurance always follows the vehicle so the owner of the vehicle has to maintain insurance in his or her name . If your son 's car is solely titled to him he would need to obtain a separate insurance policy . If your son still lives with you , you want to add him as a resident driver and have him add you as a resident driver on his policy . Depending on your insurance company if you are both insured with the same company the company wil cross reference policies to secure a multi-car discount . "}
{"input": "What Is An Average Cost For Renters Insurance? ", "output": "Great question ! The cost of your policy can vary based on a lot of things . The size and age of the apartment complex , what the crime rates are around it , and where it is located -LRB- City/state/zip code -RRB- as well as the size of your family and the estimated cost of your belongings . I 'd recommend going online for price comparisons , or contacting an agent who can help you find a policy for you . I 'd be happy to help if you need , feel free to contact me . Thanks for asking ! "}
{"input": "What Is An Average Cost For Renters Insurance? ", "output": "Renters insurance cost varies from state to state and even zip code to zip code . In the State of Texas we are seeing an average of $ 20 per month . Some times less and some times more but I highly advise you getting this coverage . Most people do n't realize their renters insurance covers anything stolen from their vehicle that is not connected to the auto . "}
{"input": "Who Is The Guarantor On Health Insurance? ", "output": "Your question does not have an easy or simple answer . When you receive treatment from a medical provider you accept financial responsibility for claims not paid by your health insurance carrier . The health insurance company is a guarantor of sorts -LRB- if you have a fully insured plan -RRB- but there may also be other carriers backing them up . With self funded health insurance your employer or union is the guarantor and they may have reinsurance in place to back them . "}
{"input": "What Is A Life Insurance Trust Fund? ", "output": "A Life Insurance Trust Fund is a trust that holds a life insurance policy or policies . The fund actually does not hold cash except what exists in the policy , and the only cash paid into it is to pay the premiums of the policy and cover any expenses the trust may incur . It is upon the death of the Grantor-Insured that the death benefit is paid to the trust and distributed according to the terms set forth in the trust . "}
{"input": "What Is Waiting Period In Disability Insurance? ", "output": "Disability Insurance is intended to provide coverage in the event of a disability that prohibits a person from being able to work . The understanding for this type of policy is that a certain amount of time must elapse to prove disability . That is called the waiting period . It is expected that the insured will cover their own expenses until the waiting period has expired and benefits can begin . "}
{"input": "What Is Waiting Period In Disability Insurance? ", "output": "The elimination period is basicallythe policy deductible and is usually the number of days from the onset of disability for which no benefits are payable . Typical waiting periods are 30 , 90 or 180 days , though some policies do have 365 day waiting periods . The longer the waiting period , the cheaper the policy . "}
{"input": "What Is American Life Insurance? ", "output": "Since 2011 , American Life Insurance Company , also known as ALICO , has been a part of MetLife , the largest life insurance company in the US . It was acquired from AIG . It is a big , US based global life insurance company with a focus in Asia . Since then , some non strategic parts of the company in theCaribbeanwere sold to Pan-American Life . "}
{"input": "What Is American Life Insurance? ", "output": "There are many life insurance companies that have the word , `` American '' in their title . Are you certain that the entire name of the company is American Life Insurance ? If you are asking about American Life Insurance in general , it would be life insurance that provides coverage to persons in the United States . "}
{"input": "Does Homeowners Insurance Cover Mouse Damage? ", "output": "Your homeowners policy contains exclusions . One of the common exclusions for property damage is damage caused by birds , vermin , rodents , insects or domestic animals . However , if the damage is hidden and causes a collapse of all or part of a building , the company will normally pay . "}
{"input": "Does Life Insurance Test Urine? ", "output": "Each life insurance company has death benefit amount thresholds that require urine analysis testing . A urine analysis is a biological chemistry expose of your bodys elimination or lack thereof . A urine test checks for waste products from the kidneys , nicotine use , drug use , glucose and nitrate levels as well as specific gravity and protein amounts . "}
{"input": "Does Life Insurance Test Urine? ", "output": "An application for life insurance usually requires medical information . If the policy will exceed specified limits additional information is necessary . A urine specimen is normally required if the amount being applied for exceeds that limit . There are other techniques being used today such as mouth swabs and prescription evaluations and these have reduced the number of applicants who must give a urine specimen . "}
{"input": "Does Life Insurance Test Urine? ", "output": "Yes . If you buy a fully underwritten policy they will take a urine sample as part of the underwriting process . The paramed exam will also include taking a blood sample , checking blood pressure , saliva testing , height and weight measurements , etc. . There are companies that specialize with non-med insurance . Assurity and Americo come to mind . "}
{"input": "Is It Worth Getting Medicare Part B? ", "output": "Most people seem to think the only reason for having health insurance -LRB- including Medicare -RRB- is to cover your hospital bills . The truth of the matter is , over your lifetime you will incur significantly more medical bills as an outpatient than inpatient . When carriers review large claims , those over $ 50,000 , over half the charges occur as an OUTPATIENT . The small premium you pay for Part B is definitely worth it . "}
{"input": "Is A 401K A Retirement Plan? ", "output": "A 401 -LRB- k -RRB- is a qualified defined contribution plan under ERISA , The Employment Retirement Income Act of 1974 . It allows for contributions pretax and some employers offer contribution matches . The accounts accumulates tax deferred and are taxed as ordinary income at distributions . Those distributions are included in the provisional income test for Social Security taxation . "}
{"input": "Can You Cancel Car Insurance At Any Time? ", "output": "Yes , but there may be consequences . Some carriers prorate , others short-rate -LRB- meaning there is a penalty -RRB- and I imagine there are some that do n't refund at all . In addition , if you have a lienholder , your finance contract might have an insurance provision that requires you to purchase coverage for the vehicle OR they can `` force place '' coverage . This means that if you do n't buy the coverage stated in the contract , they will purchase the coverage and charge you for it . "}
{"input": "Can You Cancel Car Insurance At Any Time? ", "output": "Yes . You can cancel your car insurance at any time . The question that you may want to know before cancelling is whether your insurance company pro-rates or short-rates your cancellation . A pro-rated cancellation is more favorable for you since you are charged only for the days that have been used . In Illinois , the insurance companies by law have to pro-rate an auto cancellation . "}
{"input": "Who Doesn't Need Life Insurance? ", "output": "Literally everyone . Some who have no family , no friends , no interest in religious groups or political causes , and even no animals , may say they do not . But only in those rare circumstances where the person truly has no one and nothing that interests them , might they claim no need for live insurance . If you have someone or something you love or believe in , you need life insurance to help those people or causes . Thank you . Gary Lane 714\u00a0422\u00a09616 "}
{"input": "Who Doesn't Need Life Insurance? ", "output": "Some people feel that they do not need life insurance because they have saved or invested enough money that their dependents could get along OK without it . If you ask their dependents , you may get another story . The reason I feel that those people might be mistaken is because savings and investments can be depleted before death occurs . Medical bills , rehab , disability , legal costs ... there are many costs involved with getting sick , and possibly no time or method to recoup those funds before death occurs . Term life insurance is not able to be accessed until death , so is safe from being depleted ahead of time . If handled correctly , permanent policies can provide cash value while still retaining a death benefit that will be paid to beneficiaries after the insured person dies . That is one of the main reasons I feel that even people who are financially self sufficient can find life insurance to be important . "}
{"input": "Who Doesn't Need Life Insurance? ", "output": "There really is n't any type of person that does n't need life insurance . In reality , just about everyone is going to need life insurance at some point in their lives . When you 're a child , many parents look into buying a small whole life policy with future increase option riders -LRB- periodic allowance to increase the face amount of the policy in their adult years - generally this can be done 8 times beginning at age 25 -RRB- as there is no medical exam , given their age . When you 're an adult , you 'll likely have a mortgage for a house , loans for cars , credit card debt , medical bills , burial expenses , etc. , that you would like to have paid off in the event of your death so your family does n't suffer financially due to the lost income . Another common use is income replacement so your family can maintain their current lifestyle rather than having to make dramatic changes . Many people may buy a life insurance policy for estate planning purposes . In short , regardless of where you are in life , you will almost always have a need for coverage . "}
{"input": "Who Doesn't Need Life Insurance? ", "output": "That is a great question ! There is a school of thought out there , -LRB- Dave Ramsey for example -RRB- that believes that you do not need life insurance . They are right , if you can do the following things : - have sufficient funds available that your spouse or children can live comfortably without your income - that your final expenses are not a financial burden to your spouse or children - that your estate taxes are not going to be a financial burden to your spouse or children - that you have no desire to leave a tax free legacy for heirs or charity . If you can do those things , you really do n't have a need for life insurance , according to thatschool of thought . I personally believe that everyone should have a policy . I hope that helps . Thanks for asking ! "}
{"input": "What Is The Definition Of Universal Life Insurance? ", "output": "Universal life insurance is a type of permanent life insurance program that features a flexible premium structure.It 's , in short , a blend between term life insurance and whole life insurance . A universal life policy will guarantee the maximum death benefit for the lowest possible premium -LRB- making itmuch less expensive than a whole life policy with the same death benefit -RRB- . Like with whole life insurance , universal life will build cash value , although it will generally not accumulate as much cash value over the life of the policy as a comparable whole life policy it is essentially term insurance to age 121 , with the emphasis on a larger death benefit instead of greater cash value . It 's ideal foranyone who wants to maximize the death benefit and is n't worried about building cash value -LRB- the carrier takes back the cash value and pays out the death benefit when the insured dies and a claim is made on the policy -RRB- . You can guarantee benefits for up to age 121 -LRB- with most companies -RRB- - these policies can be structured to dial down the death benefit to a specific age as well -LRB- e.g. to age 90 , 95 , 100 , 105 , etc. -RRB- . I hope the information is helpful - please feel free to contact me for assistance and if you have any other questions . Thanks very much . "}
{"input": "What Is The Definition Of Universal Life Insurance? ", "output": "A type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element -LRB- like whole life insurance -RRB- which is invested to provide a cash value buildup . The death benefit , savings element and premiums can be reviewed and altered as a policyholder 's circumstances change . In addition , unlike whole life insurance , universal life insurance allows the policyholder to use the interest from his or her accumulated savings to help pay premiums . "}
{"input": "What Is The Definition Of Universal Life Insurance? ", "output": "Universal Life insurance is an adjustable life insurance policy that has features of both Term and Permanent Insurance . The Term life insurance part provides pure insurance protection and a guaranteed death benefit for the length of time chose . The Permanent part provides cash value that can be used for loans , pay premiums , or increase the death benefit . "}
{"input": "What Is The Definition Of Universal Life Insurance? ", "output": "Universal life insurance is a permanent morality product that can be used for protection and income . It has a flexible feature that allows the policy owner to modify premium and/or level/increasing death benefit amounts . It generally has two sets of rates in the policy : current company practice and contractual guarantees . "}
{"input": "How Does Medicare Assignment Work? ", "output": "Medicare assignment in many ways works just like traditional health insurance assignment.When you visit a doctor or use medical services you are assigning your reimbursement rights to the provider . Medicare providers that accept assignment are paid by Medicare . When a provider does not allow assignment Medicare pays direct to you for services rendered . "}
{"input": "Can Homeowners Insurance Deny My Claim? ", "output": "If your claim does not fall under the perils of your policy coverage 's then yes your homeowners insurance carrier can deny the claim . Many denied claims fall in the realm of wear and tear or in other words something that has been occurring over a long period of time . This would not fall under sudden and accidental . "}
{"input": "Is Voluntary Long Term Disability Insurance Worth It? ", "output": "Voluntary Long Term Disability Insurance can be a great thing depending upon your situation . If you were unable to work , starting today , for the next two years , what effect would that have on your life ? Would you be able to come up with enough funds to pay your current bills ? What about medical bills for the condition keeping you out of work ? Next consider the effect compared to the price of the insurance that is being offered to you . If you ca n't afford the premiums or feel the benefit you may receive from them does n't outweigh the money spent towards it , then , no , it 's not worth it . Otherwise , yes , you should consider picking up the insurance . A licensed agent can help you determine the value in your specific case . "}
{"input": "Is Voluntary Long Term Disability Insurance Worth It? ", "output": "Whether Voluntary Long Term Disability Insurance is worth it to you depends on whether you can survive at least 5 months without your salary , or would be willing to work at a job you can do vs a job you were trained for . Both of these must occur before being able to get Social Security Disability . Voluntary Long Term Disability Insurance can pay approximately 60 % of your salary while recovering from a long illness of slow healing injury until you can get your old type of job back . That is worth it , to most people . "}
{"input": "Will Renters Insurance Cover A Stolen Bicycle? ", "output": "It may . Renters insurance typically includes coverage for personal property not directly on premise . This coverage is typically up to ten percent of the policy value and may be subject to the policy deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Does Health Insurance Cover Stepchildren? ", "output": "You can have your stepchildren under your health insurance plan in addition to your biological children and persons you are a legal guardian of . Please note , some plans may state that there has to be a legal relationship between stepparent and stepchild , meaning the stepparent has to be married to the child 's biological parent.It 's important to verify with the carrier whether that is a requirement if the stepparent is not married to the child 's biological parent . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "Does Aetna Cover Flu Shots? ", "output": "It depends on what specific policy you have . While many carriers ' policies cover flu shots , not every policy under a carrier does . You will need to verify with the carrier or your policy 's agent to see if it covers the flu shot at 100 % , partial coverage , or not at all . I hope the information is helpful - please feel free to contact me for assistance with any other questions . Thanks very much . "}
{"input": "Does Car Insurance Affect Your Credit Score? ", "output": "generally speaking the answer is no . Insurers use credit information in-bedded in insurance scores . But it does not flow backwards as your question asks , There are two types of scores in most transactions involving credit . There are instances where the requester has to advise you that you are , are for example seeking a loan or credit card . Those are considered `` hard '' hits to your credit . By seeking that type of loan you are in fact telegraphing to others I need the money . Insurance scores typically are `` soft '' hits , that is to say they look at information but do not impact the result . i have run a couple insurers and worked for several others and I have never seen an issue with this being a hard hit "}
{"input": "Does Car Insurance Affect Your Credit Score? ", "output": "Your auto insurance should not affect your credit score unless of course you do not pay your premiums on time . An insurance company could turn you over to a collections company to attempt to retrieve owed premium . Every state has it 's own regulations and every company it own standard for this sort of thing . To know for certain contact your local agent . "}
{"input": "What Is Key Man Disability Insurance? ", "output": "Key Man DI -LRB- also known as Key Person DI -RRB- is a coverage that would pay benefits to a business to cover the financial loss if a vital employee became disabled due to an illness or injury . Any business that would find it hard to replace an employee , or any business that wouldnt be able to function without a specific employee , needs Key Man DI . And if a company had more than one key person whose absence would bring the business to a halt , then DI can be purchased for more than one Key Man . '' "}
{"input": "Can Life Insurance Be Used As Collateral For A Loan? ", "output": "My colleagues have handled this pretty well actually . As has been said , there are a couple of factors and ways that Life Insurance may be used as collateral for a loan . The most common requiers the policy to be some form of permanent Life Insurance with a reportable cash value . These types of policies are certainly considered when a commercial banking institution is measuring one 's net worth and underwriting a loan application just as bank accounts or other investment holdings . However , if the loan is for business purposes , for example , if a contractor is purchasing a major piece of equipment , a condition of the loan may be the purchase of even a short term Life policy which would then be collaterally assigned to the lending institution . "}
{"input": "Can Life Insurance Be Used As Collateral For A Loan? ", "output": "Life insurance is required as collateral at the lenders request . The SBA does not require life insurance on every loan so check with your lender to determine what the requirements are . The SBA website has a loan checklist you can download . If your lender does require life insurance , you can use an existing policy assuming it meets the collateral requirements laid out by the lender or you can purchase a new policy for the exact amount of coverage required by the lender . The best idea is to check with the lender to see whats required . "}
{"input": "Can Life Insurance Be Used As Collateral For A Loan? ", "output": "There are a lot of factors to answer this question . First only cash value life insurance would be considered collateral . These are whole life , universal life , variable life and indexed universal life policies . Next the loan institution would have to approve it . Not all banks will consider life insurance as collateral . Contact the loan institution first and if they consider cash value life insurance as collateral then contact your life insurance company for an updated illustration for the exact cash value amount . "}
{"input": "Can Life Insurance Be Used As Collateral For A Loan? ", "output": "We get a lot of customers looking for short Term Life Insurance policies as collateral for loans , as required by the Small Business Administration . By assigning the life insurance policy to the SBA , the Small Business Administration is assured that they will get their money back if the borrower meets with an untimely death . Because the term is short , the cost is very reasonable . This type of request is usually on a rush basis , so we generally use a No Exam policy that has low cost choices . Please feel free to contact us any time for life insurance as collateral for your loan . "}
{"input": "Can Life Insurance Be Used As Collateral For A Loan? ", "output": "Yes - this is a fairly common question . When a person needs a business loan from a bank , the bank will usually require life insurance as collateral in case you died before paying off the loan . This is because the bank wants to get repaid for the loan . The structure of the policy will be the same as a regular life insurance policy including the beneficiary designation , so as the loan gets paid off , the difference would be paid to the beneficiary . You merely need to add a collateral assignment form when you submit your application for coverage . I hope the information is helpful - please feel free to contact me for help getting the insurance in force and if you have any other questions . Thanks very much . "}
{"input": "What Is Metlife Long Term Care Insurance? ", "output": "MetLife Long Term Care Insurance would be a policy that was sold by MetLife prior to 2010 . Since then , MetLife no longer offers the purchase of new long term care insurance policies through their company . The `` old '' MetLife long term care insurance could be a group policy or an individual long term care policy . "}
{"input": "Does My Employer Have To Offer Health Insurance In Nevada? ", "output": "Currently in Nevada it is not required for an employer to offer health insurance to its employees . If you are looking at getting health insurance because your employer does not offer it at this time you can visit this site WEBSITELINK to get quotes for health insurance companies here in Nevada . "}
{"input": "Does Health Insurance Cover Artificial Insemination? ", "output": "The Affordable Care Act does not specifically address , nor does it require , artificial insemination . Therefore , you 'll have to check policy-by-policy to see if a carrier will cover artificial insemination in your state . Best bet is to work with an agent as he/she may know the answer offhand , or will certainly be able to get an answer quickly and come back to you with available choices . "}
{"input": "Does Health Insurance Cover Artificial Insemination? ", "output": "There are twelve states have insurance mandates that either require that health insurance companies cover infertility treatments , or require that the insurer offer at least one plan that covers infertility . Most of these mandates apply to group policies , rather than those issued to individuals . Since the mandate applies to group plans , the first avenue to look at is the employer plans for both spouses . Group plans must comply with the insurance laws in the state where the policy was issued - most frequently that is the headquarters state of the employer . The states with mandates just happen to be those with the largest number of large national employers -LRB- California , Connecticut , Illinois , Massachusetts , New Jersey , New York -RRB- . If one or both employers is headquartered in one of those states , your odds are better . "}
{"input": "How Much Disability Insurance Can I Have? ", "output": "Disability insurance companies are careful not to over-insure , as policy holders with too much coverage lack an incentive to return to work . Most policies will limit the amount of income replacement to two thirds of your gross income . They will also ask if you have any other form of coverage , and will want to limit the combination to less than 70 % . Many policies will also offset any benefit payments you might receive from state short term disability , and social security disability . "}
{"input": "What Illnesses Are Covered By Critical Illness Insurance? ", "output": "It depends on the policy , but here are a few of the more common ones . Heart attack , stroke , cancer -LRB- internal and some skin cancers -RRB- , ALS , MS , kidney failure , Parkinson 's , blindness . Each policy is different both in terms of what is covered and the definition . Always buy a health insurance policy not a life policy with a rider . "}
{"input": "What Illnesses Are Covered By Critical Illness Insurance? ", "output": "Critical insurance policies each have their own set of criteria , so you must review the policy features to know what illnesses your critical illness insurance policy will cover . Some that can be included are : 1 -RRB- Cancer -LRB- it may require a certain stage to be covered -RRB- 2 -RRB- Stroke 3 -RRB- Heart Attack 4 -RRB- Coronary Bypass 5 -RRB- Deafness 6 -RRB- Blindness 7 -RRB- Multiple Sclerosis 8 -RRB- Organ Transplant 9 -RRB- Kidney Failure 10 -RRB- Heart Valve Replacement 11 -RRB- Alzheimer 's Disease 12 -RRB- Paralysis "}
{"input": "Is It Against The Law To Not Have Health Insurance? ", "output": "No . You can continue to not have health insurance , however , if you elect this option , you will have to pay a penalty -LRB- a `` shared responsibility payment '' is how they titled it I believe -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . Its important to note that the penalty will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . To avoid paying the penalty , you would need to have health insurance that qualifies as minimum essential coverage . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "Is Whole Life Insurance The Same As Universal? ", "output": "Think of it as apples and fruit . Universal is a type ofpermanent life insurance . But there are other types of permanent life insurance . Whole life is another type of permanent life insurance . Whole life is a fixed product , whose premium never varies , and whose value increases over time , based on the carrier 's investments in your fixed account . Universal is permanent , and will never end , so long as you continue to pay , unlike term whose premiums will increase after the end of a fixed term . However , with universal , the policy value may go up or may go down , based on whatever it is pegged to reflect . It is possible with universal that you may have to put more money in that expected , if the market were to take a serious hit . This would not happen with whole life . A way to avoid this is to buy indexed universal life . It allows the policy to grow with the market , but at a somewhat lower rate , but it prevents the policy to lose money when the market goes down , as it locks in the balance annually . Over time , this actually can give you a better return than a standard universal , even in an overall good market , not just a bad one . Talk to your agent . Thank you . GARY LANE . "}
{"input": "Where Can I Purchase Renters Insurance? ", "output": "You should be able to purchase renters insurance from any carrier that provides homeowners insurance . Most of your major carriers will provide policies for auto , home , and business along with other lines possibly . Contact a local agent to find out the products that they have to offer . A local agent can help point out the coverage that they believe you need based on the information that you provide to them . "}
{"input": "Where Can I Purchase Renters Insurance? ", "output": "For all your insurance needs , a trusted agent is your best source . The agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . The agent will help you select appropriate limits of coverage . It is terrible when a person has a claim and then discovers that the limits of her policy are insufficient to take care of the need . "}
{"input": "What Is Non Qualified Retirement Plan? ", "output": "Non-Qualified Retirement Plans are generally funded with annuities and/or life insurance . The contributions are not tax deductible , but both products accumulate tax deferred . If designed as a TAMRA compliant non modified endowment contract , life insurance can potentially generate tax free income as long as the policy is kept in force for the life of the insured . "}
{"input": "Does The VA Accept Medicare? ", "output": "The VA -LRB- Veterans Administration -RRB- requires that you receive care at their facilities and with their providers in order to receive VA benefits . Thus , the VA does not accept Medicare , as Medicare only works with Medicare approved facilities and providers . Many veterans use Medicare for their major medical expenses but use VA benefits to fill in the gaps . However , the VA drug plan covers more than Medicare Part D covers . "}
{"input": "How Do You Shop For Life Insurance Online? ", "output": "That 's a great question ! You google `` local independent insurance agents '' . Then work your way down the list until you find one you like . I am not a fan of trusting my financial future or the protection of my family to anyone that I do n't know . If I have a problem , I want to know the person that will handle it , and who will be returning my call . I also know that internet sites are set up to give you `` best case '' prices when you shop , that can turn out to be different in reality . A live agent can give you an exact premium price , and details on any reasons why there might be difficulties in getting the best rate . I also am leery of hackers getting all of my information , and am not a fan of putting it out there in the cloud for the picking . There are a lot of things that are good to buy on the internet , but in my opinion , life insurance is n't one of them . Thanks for asking ! "}
{"input": "How Do You Shop For Life Insurance Online? ", "output": "To shop for life insurance online , look for the following : 1 -RRB- Are they rated with the Better Business Bureau and/or do they have any seals showing that they meet standards for safety -LRB- e.g. TRUSTe -RRB- . 2 -RRB- Do they have good testimonials that sound like they were written by actual people ? 3 -RRB- Can you look up the names of the employees who work there and see their photos and/or read their biographies ? 4 -RRB- Important : Will you be talking to a licensed agent ? 5 -RRB- Do they sell multiple products for you to choose from ? 6 -RRB- Do they ask health questions and appear to understand what you are talking about ? 7 -RRB- Are they able to draw on experience in finding your best options ? 8 -RRB- Will they take the time to answer your questions in a pleasant and respectful manner ? 9 -RRB- Do they explain the process of applying , payment methods , policy features , etc ? 10 -RRB- Will they be there for you if you need help with your policy in the future ? Many online agents are simply independent agents who have an online presence . They want to keep up with shoppers who prefer to use technology , rather than travel to an insurance office , or invite an insurance agent to their table for the evening . Just looking at their bios and reading their answers , I 'd go to any of the top 20 agents on the leaderboard , and maybe all of them . Most are articulate agents who know their stuff . This website is a great place to start in shopping for life insurance online . "}
{"input": "What Does A Salvage And Recovery Clause Mean? ", "output": "Salvage and recovery relates to subrogation and rights of recovery that an insurance company reserves for themselves after indemnifying you for a loss . The entire concept of salvage , recovery , subrogation , and indemnification fill up text books . Insurance is a contract and in the contract the insurance company has been asked by you , in exchange for mutual understandings and agreements , to provide protection against certain kinds of losses . When your insurance company indemnifies you for your loss , they replace you in position of right in many situations . For example , if your car were damaged beyond repair , the carrier pays to you the value of the car and in doing so , assumes right and title to the salvage value of your car . They sell this salvage to businesses that resell the usable parts and the insurance company uses the money they collect to lower the final dollar cost of paying your loss to you . Recovery usually relates to the right of the carrier to pursue `` recovery '' from the responsible , negligent party who damaged your car . This process is referred to as subrogating and the carrier seeks to recovery from the at-fault and negligent driver -LRB- under tort laws -RRB- all or a portion of the amounts they paid to make you whole after your loss . Another closely related provision in your insurance is the right of `` abandonment '' . Insurance companies do not grant you the right to abandon your property so you can collect a larger reimbursement . This may come up during the settlement of pairs and sets , like ear rings . The insurance company will not let you surrender -LRB- abandon -RRB- to them the other ear ring so you can make the insurance carrier liable for a larger amount so you can buy a new set of ear rings . The obligation of the carrier is to the amount of the the loss even if only a partial loss . That 's why your company will repair a car rather than pay you the full value when there is a partial loss . There are other places where salvage comes up , like in inland and ocean marine , but for the vast bulk of readers the latter answers explain how these terms impact your coverage and how your insurance company will deal with you . "}
{"input": "What Does A Salvage And Recovery Clause Mean? ", "output": "When the insured receives payment of an adjusted claim , the property that is damaged becomes the property of the insurance company . Often that damaged property is of little value . However , particularly in the case of an automobile , the car may be salvaged and the insurance company may realize part or all of the adjusted claim payment . The term comes primarily from ocean marine insurance . Often a ship will have a fire in the hold . An adjuster will fly out to the ship while it is underway , evaluate the loss and the insurance company may adjust the claim before the ship even reaches port . That portion of the property that has been declared as loss becomes the property of the insurance company . There are companies that specialize in salvaged property . This is most commonly seen in the cases of ships but could apply to other forms of recovery . While I am not sure of the legal interpretation , this clause might extend to the insurance company the right to claim any gain that an insured might have on property that was declared as a total loss , and then sold to a salvage company . "}
{"input": "Why Are Insurance Companies Dropping Long Term Care Insurance? ", "output": "Insurance Carriers have experienced higher claims and losses , due to increased longevity , chronic illness survival rates and cost of care . As a result , 12 of the top 20 carriers have dropped out of the market in the past 4-5 years . In addition , all carriers have had huge rate increases and/or offered clients a cash buy-out option to cancel older policies . Newer policies have been re-designed and re-priced to account for increased LTC expenses . In most cases , I recommend Living Benefit Life that will accelerate up to 100 % of the face value -LRB- depending upon severity of illness -RRB- , in case of : Critical Illness -LRB- Cancer , Heart Attack , Stroke , Major Organ Transplant , etc. -RRB- ; Chronic Illness ; Disability ; Terminal Illness ; or Death . This allows the client to have one policy with guaranteed level premiums that can provide access to funds while they are alive or in case of death . "}
{"input": "Why Are Insurance Companies Dropping Long Term Care Insurance? ", "output": "That is an excellent question ! What happened was that when these policies were first rolled out , the costs of long term care and the average lifespan were still reasonable for insurers to issue coverage for . As time passed , however , the skyrocketing costs of long term care , coupled with longer lifespans created a situation where the insurers were more and more often taking losses on the policies . So they either retooled them , pushing the enrollment age up , lowering benefits , and raising the premiums , or they dropped the policies altogether . There are still some companies out there that offer them , but with the change in the law in 2010 , more people are using their annuity payouts or 401k payouts to cover those long term care costs tax free . I hope that helps , thanks for asking ! "}
{"input": "Will Annuity Rates Improve? ", "output": "Annuity Rates will most likely improve over the next 5 years , however , there is no guarantee . Annuity Rates are heavily dependent on the 10 year Treasury along with the Fed Funds Rate . Currently , these are both at historical lows . Annuity Rates are currently at a historical low along with them . Most economists agree that the 10y Treasury & Fed Rates will increase over the next 2-10 years . If this happens , Annuity Rates will increase along with them . "}
{"input": "What Is The Average Cost Of A Whole Life Insurance Policy? ", "output": "Whole Life Insurance is going to take into consideration all the same factors as a term or Universal Life policy ! Whole life is going to be more expensive than term because of the factors of building cash value in the policy . I believe your best option is to contact an experienced agent to review your needs to assess what would be the best amount and product to go with . Keep in mind one of the most important things to consider is your policy having Living Benefits within the policy you choose ! "}
{"input": "What Is The Average Cost Of A Whole Life Insurance Policy? ", "output": "The is no average cost that would be meaningful . That said , whole life insurance is generally more expensive because there is a cash value component of the policy unlike term coverage or certain universal life policies that generally have little or no cash value . Whole Life has certain benefits in certain situations , but it more complex than a discussion here allows . "}
{"input": "What Is The Average Cost Of A Whole Life Insurance Policy? ", "output": "A whole life policy is no different than any other type of life insurance policy when it comes to premiums or price . There are a lot of factors involved when underwriting whole life insurance such as build , lifestyle , occupation , health concerns , age , place of residence , etc. . Then you must consider the premium differences in life insurance companies . I have seen premiums vary on the same individual with different companies that one will charge double another company . I highly recommend using an experienced life insurance broker to shop out different carriers for the best price for your unique situation . "}
{"input": "What Is An Annual Premium For Car Insurance? ", "output": "An annual premium is the yearly amount the car insurance company charges you to insure you for whatever coverage you have requested through them directly or your local insurance agent . If possible , it is best to pay the amount in one pay as most of the time there is a full pay discount . "}
{"input": "When To File A Claim With Homeowners Insurance? ", "output": "Whenever you experience a loss , it is best to the claim as quickly as you can . This will allow the claim to get settled as quickly as possible and allow you to get repairs done sooner . If you wait to file a claim , the processing of the claim may take longer as the adjuster will need to verify everything for the claim and some things may have changed with the items involved in the incident . "}
{"input": "Does Every State Require Car Insurance? ", "output": "The easy answer is , as of my last update , NO . But , that is not the end of the answer . While insurance may not be required , financial responsibility is required in every state . Virginia allows you to pay an `` uninsured motor vehicle fee '' and Mississippi allows you to post a bond or cash to meet the financial responsibility requirements there . Florida is also unique because of their no-fault law but that does not relieve you of the obligation to maintain financial responsibility under some circumstances . "}
{"input": "What Do I Need To Purchase Auto Insurance? ", "output": "To purchase auto insurance , you should have a valid driver 's license , a car that you own , proof of identification , and and a small amount of money to make the first payment if you want the policy to be effective the same day . But just as importantly , you need an experienced broker -LRB- there are many of us along with our websites -RRB- to help you shop , compare and understand your policy . And of course ... get the lowest rates . "}
{"input": "Why Is Dental Care Not Covered By Medicare? ", "output": "This is a great question , routine dental care is just not something that original Medicare covers right now , however you can recieve dental care from a medicare approved part C plan also known as Medicare Advantage plans as well as you may be able to enroll in a stand alone dental plan . You are welcome to contact our office for help if you are in one of the states that we are licensed in . "}
{"input": "Does Disability Insurance Pay For Maternity Leave? ", "output": "Groups short term disability insurance , or `` sick leave '' does usually pay for maternity leave . You need to obtain the coverage at least a year before becoming pregnant in order for the group policy to cover your time off before and after having your baby . Private Disability Insurance does not pay for maternity leave unless there are complications with the pregnancy or childbirth , upon which the long term disability coverage would kick in after the policy 's elimination period is met . "}
{"input": "Will Medicare Pay For A Psychologist? ", "output": "Outpatient Mental Health Care is a covered benefit under Medicare Part B . There is a 20 % co-insurance for most outpatient mental health services . If you are a member of a Medicare Advantage Plan , you plan may cover that service with a simple co-pay . You have the option to have a individual therapy visit or group therapy visit . "}
{"input": "How Many Companies Will Drop Health Insurance? ", "output": "It 's hard to predict how many companies will drop health insurance . However , the number could be significant , although not likely staggering . If they drop coverage for their employees , many companies will have to pay a fine , due to Obamacare . However , they may become much more competitive in the marketplace which will help their productivity . "}
{"input": "How Many Companies Will Drop Health Insurance? ", "output": "No one knows with certainty but there is considerable speculation that most employers with fewer than 50 full time employees will not offer health insurance . There is no reason to since there are no penalties and the cost is usually prohibitive , especially for small companies . Some very large companies have indicated they will drop insurance but so far it is just saber rattling . "}
{"input": "Can You Rent A Car With SR22 Insurance? ", "output": "When you have an SR-22 bond , it is because you probably had a major driving violation , or something similar . Since you may be considered a high-risk driver , it may be difficult to rent a vehicle , considering your insurance is basic . You should contact a number of rental agencies and see which ones can cover you . "}
{"input": "Does Life Insurance Drug Test? ", "output": "Fully underwritten life insurance generally requires a para-med that include blood and urine testing . The analysis collects several data points and assessing the ranges : below normal , normal and above normal . During the discovery process nicotine and other drugs in the system can be detected . Those results are forwarded on to the insurance company for an underwriting decision . "}
{"input": "Does Life Insurance Drug Test? ", "output": "If you are buying a life insurance policy that requires medical underwriting , it will test for certain illegal drugs , especially cocaine and marijuana . If you are purchasing a policy that not require an exam , no drug tests will be done . However , then the application will ask if you have taken illegal drugs withing a certain period of time . "}
{"input": "Who Has Good Renters Insurance? ", "output": "Many good agents use many good companies to write renters insurance . The very best policy is the one that is in force and pays the expected amount when you have a loss . Regardless of the company name , the price or what kind of animal they advertise with on Television that is the best one , the one you own so find an agent and get covered !! "}
{"input": "Who Has Good Renters Insurance? ", "output": "That is a great question ! There are a whole lot of companies out there that have good renters policies available . Depending upon what your definition of best is , cheapest , best coverage for the buck , easiest to qualify for , etc. , it 's pretty hard to name one in particular for you . I 'd recommend that you ask your complex managers , they can give you a good start based on who they 've had good experiences , or look for an independent agent that can help you find the right policy for you . Thanks for asking ! "}
{"input": "Who Has Good Renters Insurance? ", "output": "When it comes to renters insurance most companies are pretty equal as it relates to coverages . You can shop with an independent agent for various pricing . I would suggest you work with the company who has your auto insurance or look to shop a package as this will get you the maximum discounts . "}
{"input": "Is Carpenter Ant Damage Covered By Homeowners Insurance? ", "output": "A standard homeowners policy contains exclusions . One of the normal exclusions is for damage to the building and/or the contents caused by birds , vermin , rodents , insects or domestic animals . Carpenter ants are insects . However , the policy will often pay for collapse of a building or a part of a building caused by hidden insect or vermin damage . This isnt talking about settling , or cracking . "}
{"input": "Is Carpenter Ant Damage Covered By Homeowners Insurance? ", "output": "In the event that the carpenter ant was the culprit that caused water damage to occur -LRB- by means of damagingdishwasher water lines , sprinklers , etc. -RRB- , not otherwise excluded , coverage would be provided for the damage caused as a result of the water . However , not to repair the appliance or system . "}
{"input": "Can I Get Health Insurance With A Pre Existing Condition In Texas? ", "output": "Starting January 1 , 2014 , pre-existing conditions will no longer be an issue . You can begin looking at plans now with an effective date of 1/1/14 . Also , depending on what the condition is you may be able to look at getting a plan now because not all pre-existing conditions are equal . An independent agent should be able to show you plans from several different top rated carriers . "}
{"input": "Can You Have Long Term Care Insurance And Medicaid? ", "output": "Yes , you can have Long Term Care Insurance and Medicaid at the same time . When you have both , Medicaid is the secondary payer and your private Long Term Care policy is the primary payer for your long term care costs . it not common for persons to receive both , but it is possible . "}
{"input": "When To Buy Disability Insurance? ", "output": "The time to buy disability insurance is when you start earning a full time income , if your employer does not provide group disability coverage . If you have enough saved up to survive three months off of work , all you will need to purchase is a long term disability insurance policy . "}
{"input": "When To Buy Disability Insurance? ", "output": "When you secure a full time , you should seriously consider buying long term disability insurance to protect your family members from the loss of income due to a ongoing sickness or recovery from injury . Disability insurance benefits generate a tax free stream of monthly income based on your annual compensation . The benefits begin after you have satisfied the waiting or elimination period . "}
{"input": "When To Buy Disability Insurance? ", "output": "If you are working at least 30 hours per week , you should seriously consider purchasing disability insurance . The average person 's savings would only last them 6 months if they were unable to work . To protect your savings , your family , your assets , etc. , you should protect your paycheck . "}
{"input": "Can You Lose Money On Annuities? ", "output": "Non-qualified deferred annuities use three basic crediting methods for savers or investors to select from based on their product suitability determined by their personal financial profile that includes risk assessment , the effective tax bracket and life expectancy report . Most savers like fixed and some indexed annuities for their safety of principle . Investors with high tax brackets and a risk tolerance for the market may desire the separate sub accounts of variable annuities , which can lose money . "}
{"input": "What Is Medicare PQRI Program? ", "output": "The Medicare PQRI -LRB- Physician Quality Reporting Initiative -RRB- is now called the Medicare PQRS -LRB- Physician Quality Reporting System -RRB- . It is an incentive program that encourages eligible professionals to report data on quality measures for services provided to Medicare Part B Fee-for-Service -LRB- FFS -RRB- beneficiaries . The incentive is a percentage of the Part B charges . "}
{"input": "Does Travelers Auto Insurance Cover Rental Cars? ", "output": "Coverage can vary by State . In Texas , a standard private passenger auto insurance policy will cover you in a rental car as a tempory substitute - and damage to the rental unit actually comes under the Property Damage coverage for contractual liability . Although it IS covered , I STILL buy the physical damage waiver coverage offered by the rental companies . I do n't want the rental company filling a claim on the vehicle for something I was NOT responsible nor tagging my credit card for a LARGE amount and using up my credit limit . Hope this helps ! "}
{"input": "Can Medicaid Take Your Life Insurance? ", "output": "Generally it depends on what situation you are in . ie , If you are in a nursing home because of the expense that is occur on a daily basis they usually have you do a financial intake form where it ask you various questions to determine assistance and because Life insurance is an asset sometimes depending on the state will ask you to cash out insurance policies especially if you are the owner of the policy . "}
{"input": "Can Medicaid Take Your Life Insurance? ", "output": "When you go through a spend down process to apply for Medicaid , they will look at your assets . Term Life Insurance does not have a cash value , so is not considered an asset . Cash value life insurance is allowed to have a certain face amount , and if it is under that , you can keep it . If it is higher than the allowable limit , you may have more choices than just cashing it in and using it for your skilled care expenses -LRB- note : Medicaid does not just take your policy away -RRB- . You can possibly assign the policy to a funeral home for your final expenses . Or you may be able to keep part of the death benefit and use the rest to help pay for nursing home costs under the Long Term Care Benefit Plan . Your social worker should help you find the option that works best for your welfare . If you foresee going on Medicaid in the distant future , you may want to consider transferring ownership of your cash value life insurance to someone else . This must be done years ahead of time , or it will still be called an nonexempt asset . "}
{"input": "What Is All Risk Auto Insurance? ", "output": "That is not a common term . I suspect what you are asking about is comprehensive insurance . This is also known as `` other than collision '' insurance . It provides coverage for physical damage to a vehicle that happens other than ina collision . This includes things like , fire , theft , vandalism , weather and others . It also caninclude `` acts of God '' which are those things which are outside human control , lighting , tornado etc. . "}
{"input": "Is Vandalism Covered By Auto Insurance? ", "output": "Yes if you have what is called other than collision coverage or comprehensive then typically vandalism would be covered by your auto insurance policy up to the policy limits less the policy deductible . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "What Is Renters Insurance Good For? ", "output": "Having renters insurance can help protect the insured and the insured 's immediate family residing in the covered premise from financial hardship caused by a covered loss . What happens if there is a fire in the premise that you are renting and it becomes unlivable . You have not only lost your personal property but you also need to find another place to live . Typically renters insurance will provide coverage for your personal items up to the policy limits less your deductible and money to pay rent for a period of time at another residence . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Do You Need Home Insurance Before Closing? ", "output": "If you have a mortgage on the home you are purchasing , you would need to have homeowner 's insurance in place before you close . Typically , an annual premium is required so that you meet the requirements of the lender . A declarations page with the stated coverages on your home will be provided to you by the insurer or broker so you can close . "}
{"input": "How Do Variable Annuities Make Money? ", "output": "The historical returns of variable annuities over long periods of time have shown returns . Of course this is no indication of future performance . Although variable annuities have a general account tied in interest rates , most investors prefer the separate sub accounts that use equity and bond investments . The returns or losses are either credited or debited against the net premiums -LRB- premiums that first pay the policy expenses . -RRB- A variable annuity is a security and an insurance product for investors that have a high effective tax bracket rate and have the risk tolerance for market returns , but the reality of market losses . A variable annuity can be a supplemental retirement income stream that can offer differing distribution options including lifetime annuitization . "}
{"input": "What Are Annuities Paying Right Now? ", "output": "That is a complex question , if you defer payments even just a few years you can get an income rider that will pay out for your entire lifetime . Growth rates depend on whether it is a fixed annuity , or indexed , if it is lifetime payout , there is a table based on the age you begin distributions . Every year you defer income you get a larger % payout . Fixed annuities are paying 1-2 % , deferred indexed annuities can come with income riders of 4-10 % . Once distributions begin the income riders usually go away , but some products allow you to take income , while allowing the remaining funds to continue to grow . These new lifetime withdraws , are not Annuitizing , & allow any funds to be passed on to beneficiaries . Also many annuities now have a rider that doubles , or triples the account value , if you need to go into a nursing home . If your account value reaches zero , & you leave the nursing home . Your lifetime income continue at the same level as prior to going into the nursing home . "}
{"input": "Will A Home Insurance Claim Increase My Premium? ", "output": "Depending on the claim , one claim should not affect your premium . A history of a lot of small claims or a large liability claim may affect your premium depending on the circumstances . Each company looks at things differently so it is hard to give a definitive answer to your question . "}
{"input": "How Can I Get Life Insurance Online In New Jersey? ", "output": "Buying life insurance online in New Jersey simply involves finding an online insurance agency that does business in the state of New Jersey . You can find such resources by searching on line for agencies or agents who do business in New Jersey . You will find several places from which you can purchase life insurance online . "}
{"input": "How Can I Get Life Insurance Online In New Jersey? ", "output": "Find a website that provides instant online life insurance quotes - without having to provide any personal information . If you find favorable rates you may be able to fill out an application with the same online life insurance agency . An agent will follow up to ensure accuracy of the application and help answer any questions . You may need a medical exam , but it does not require much time . Being able to buy life insurance online in New Jersey or any other state has never been easier . "}
{"input": "How Can I Get Life Insurance Online In New Jersey? ", "output": "To get Life Insurance online in New Jersey , go to a website that offers life insurance in your state . You can input your date of birth in an `` instant '' quote engine to see if a quote comes up for New Jersey , look for a site that offers life insurance in all 50 states , or put your zip code where requested . Once you get the quote . the online agency will guide you through the rest of the process . It is different for different types of policies and different companies . But in the end you have a policy just as if you had walked into a life insurance office , and you will not have had to drive anywhere or have someone in your home to purchase it . "}
{"input": "What Health Insurance Covers Nuvaring? ", "output": "Nuvaring , a flexible vaginal ring , is a fairly common contraceptive used by many women in the US . It contains two hormones that work together to help prevent pregnancy . Of course , it is not 100 % reliable , but is generally considered to be safe . Many health insurers cover the Nuvaring without a copay or deductible . And The Affordable Care Act recently expanded coverage on contraceptives . "}
{"input": "How Long Is A Child Covered Under Health Insurance? ", "output": "For most people the answer is that children can be covered under their parent 's health insurance until age 26 . Children must be covered even if they are married , no longer enrolled in school , or not claimed as a dependent on tax returns . The Afffordable Care Act added this requirement . Grandfathered plans are exempt from the requirement . Some states may have additional requirements for dependents . For example , NJ has a requirement to cover dependents up to age 30 with different exclusion rules . "}
{"input": "How Long Is A Child Covered Under Health Insurance? ", "output": "That is a great question ! Thanks to the Affordable Care Act -LRB- Obamacare -RRB- , your children can now be covered until they reach the age of 26 . The extension of the age limit really helped young people who were struggling with getting started and dealing with college expenses by allowing the parents to carry the burden of the insurance.Thanks for asking ! "}
{"input": "Is Medicare Long Term Care Insurance? ", "output": "Technically , no . Medicare was designed to help the elderly pay for acute sickness and accidents from whichone can heal relatively quickly . It does not cover chronic illness or prolonged rehabilitation from an accident . However , Medicare will provide payment of costs for some `` short-term '' recovery for the elderly that are enrolled in Medicare part A & B . There are prequalifications and limitations to what it will pay for , how much it will pay , the type of care it will pay for , and for how long -LRB- maximum of 100 days -RRB- . Payment for long-term care is usually paid out of pocket , or by Medicaid -LRB- Medical in CA -RRB- . To receive payment for care from the latter , one must be `` impoverished '' as defined by the state that they live in , and they usually must be in a facility -LRB- Medicaid/Medical only pay a few hundred dollars a month of home care -RRB- . The only other solution to the problem of paying for long-term care , either at home or in a facility , is long-term care insurance -LRB- LTCi -RRB- . This sector of the health insurance industry is in a bit of turmoil right now and if you have decided that you want to explore LTCi , make sure that you work with someone that is a specialist in this area . There are an infinite number of designs in coverage which can vary the cost -LRB- premium -RRB- by thousands of dollars a year . Also , be sure that you are working with agents that only work with the best LTCi companies in the industry , those that have strong financials , high ratings , and are committed to the field . The most important thing is to have a plan . Your plan may or may not include LTCi . But , if it does , buy no later than your mid-fifties as the price really starts to climb after that . Dont depend on Medicare for the payment of long-term care costs . "}
{"input": "Why Does Suze Orman Not Like Annuities? ", "output": "Suze Orman seems to have softened her position on annuities . In the past she has be extremely critical of annuities . But recent postings on the Internet suggest she has modified her position if not her overall tone . Theres a piece on the Internet called Truth About Annuities , apparently authored by Suze , where she gives some latitude in their use in certain scenarios . "}
{"input": "How Much Does A Doctor Visit Cost Without Health Insurance? ", "output": "The cost will vary from doctor to doctor and will depend upon the nature of the office visit and the services rendered . If you are going to be paying cash then many doctor 's offices are quite happy to work with you on that basis as it saves them the time and expense of filing an insurance claim . So , they may offer an attractive cash rate . Unfortunately , there really is no uniform pricing system for all health care services that is adhered to uniformly by all physicians . It 's not like going to Midas to get your oil changed . I would advise you to call around to several doctor 's offices , speak with the office manager and explain what you think you are wanting to see the doctor for and that you are wanting to pay in cash and ask them if they can provide an estimate . Some probably will and you may be surprised by how many do n't know how to deal with that question . You can also try to go online and do some research for average costs for various types of office visits and medical tests and procedures . This may give you some advance knowledge of what average costs -LRB- or at least the range of costs -RRB- are in your area so that you can know if you are being offered a fair price or to use for negotiating purposes . An online service like `` HealthCost Estimator.com '' may also help you in doing your research . Finally , for simple procedures and tests there are a growing number of stand alone walk-in clinics or ones housed in pharmacies that do actually have a posted price list for the limited range of services they provide . For many simple needs this kind of setting may serve your needs . "}
{"input": "What Is Disability Insurance Elimination Period? ", "output": "The Disability Insurance elimination period is the time between becoming disabled and receiving your Disability Insurance payments . The longer the elimination period , the lower the Disability Insurance premium usually is , so many people choose an elimination period of 90 days for Long Term Disability Insurance . That means that you would have to have been unable to work for 90 consecutive days before your Disability payments would start being paid to you . "}
{"input": "What Is Disability Insurance Elimination Period? ", "output": "The terms of purchasing long term disability that you should be familiar with are these . Elimination period is the time between you are diagnosed by a doctor that you are medically disabled and the time you begin to receive benefits . The most common elimination periods are 30-60-90-180-360 days . The rule of thumb is the longer the elimination period the lower your premiums . Most good disability insurance carriers do go back and pay you from the first day of disability once the elimination period has been satisfied in a lump sum amount . Benefit period is another term to be familiar with as well . This is the period in which benefits will be paid to you once they commence . Common benefit periods are 2 years , 5 years , 10 years , 20 years or age 65 and 67 years old . I would recommend choosing the age versus years . If you are permanently disabled at a young age , you do not want to lose your benefits before becoming eligible for social security . The last term is future purchase options . This allows you to purchase more disability as your income increases without proof of insurability . In other words , you will not be reunderwritten . During your work life you will probably earn more money because of your increase knowledge and skills . This option allows you to insure that aspect . "}
{"input": "What Is Medigap Blue? ", "output": "Vermont BlueCross BlueShield has a health insurance product call Medigap Blue . It provides Medicare Supplement coverage to Original Medicare Part A and Part B . They offer Medigap Plans A , C , D , F and N with all the standardized benefits as with other insurance companies . Their premium rates are grouped into under 65 disabled and over 65 . Please let me know if I can offer further assistance . "}
{"input": "How Much Insurance Money Will I Get For A Totaled Car? ", "output": "When you and the adjuster agree on the value of your car , you will receive a check for that amount minus the deductible listed in your policy . If you are not at fault you will receive the same amount from your insurer but may recover the deductible after your insurance company subrogates against the at-fault driver . "}
{"input": "What Is The Retirement Plan For Government Employees? ", "output": "The is the federal employees retirement system for federal government employees and state government retirement plans like the Arizona State Retirement System and Public Safety Personnel Retirement System of Arizona in Arizona . Most of these plans are defined benefit retirement plans , but some offer defined contribution plans , which are becoming more popular . "}
{"input": "Is Life Insurance Cash Value Protected From Creditors In Colorado? ", "output": "In the state of Colorado cash values are protected for both bankruptcy and non-bankruptcy claims up to $ 50,000 . Federal bankruptcies are not protected . However all monies placed into the contract 48 months prior to the claim against the contract owner are not included -LRB- i.e. not protected -RRB- . "}
{"input": "Is Life Insurance Cash Value Protected From Creditors In Colorado? ", "output": "Life insurance in Colorado that is left to a beneficiary who is a person , and not the estate , is protected from creditors . Once it goes to the beneficiary , the only creditors that can try to get it are those the beneficiary owes money to , not who the deceased insured person owed money to . "}
{"input": "How Was Medicare Created? ", "output": "Apparently president Teddy Roosevelt championed the idea of a national health insurance program way back in 1912 , but was unsuccessful in getting it established . Later in 1945 President Truman proposed to congress that a national health insurance fund be created to benefit all Americans . That also failed to gain traction . President Kennedy made a bid for a national health insurance program also pleading that 56 % of Americans over 65 had no health insurance nor could afford it . Finally in 1965 President Johnson signed the legislation that made Medicare a reality . "}
{"input": "How Was Medicare Created? ", "output": "In 1965 , under the leadership of President Johnson , Congress created Medicare under Title XVIII of the WEBSITELINK to provide health insurance to people age 65 and older , regardless of income or medical history . Before Medicare 's creation , approximately 65 % of those over 65 had health insurance , with coverage often unavailable or unaffordable to the rest , because older adults paid more than three times as much for health insurance as younger people . "}
{"input": "Will Medicare Help Pay For A Walk In Tub? ", "output": "Unfortunately , no , Medicare will not help pay for a walk-in tub . They are not considered to be a durable medical equipment -LRB- a DME -RRB- item . They 're generally viewed as a convenience item for an individual since they 're available to the general public and anyone who wants one can buy them . "}
{"input": "How Much Tax Will I Pay On Life Insurance? ", "output": "Life insurance is usually left to a beneficiary income tax free . There will be income tax charged on the interest paid if the death benefit is taken in installments . Estate taxes can apply if the amount of coverage pushes the estate above the exempted amount . This year the amount exempted from federal estate tax is $ 5,250,000 . "}
{"input": "How Much Tax Will I Pay On Life Insurance? ", "output": "How much tax you pay on life insurance will vary from none to some depending on how you use it and what it does . Usually there is no income tax due on death proceeds . ON rare occasions , the benefit could be taxible , but in the vast majority of situations the death benefit will not be taxable . As far as cash values go there are both taxable and non taxable ways to set up your cash values . You should talk these aspects over with the agent you are doing business with . "}
{"input": "How Does Social Security Fit In A Retirement Plan? ", "output": "Social Security is the only retirement plan for many Americans . The federal program is also a main stay supplemental retirement plan for other Americans who participate in employer or individual plans . When qualified plans distribute income it is taxed as ordinary income at the plan participant 's effective tax bracket rate and is includable in the provisional income test for Social Security benefit taxation . "}
{"input": "How Do I Estimate Home Insurance? ", "output": "To obtain an Estimate of Home Insurance , you would need to answer a few questions relative to the risk.The basic characteristics of the home to be insured including the Year Built , Square Footage , Type of Roof and the Use of the Home -LRB- Owner Occupied or Tenant Occupied -RRB- will help assess the correct reconstruction value of the home . In addition , you will need to list any safety features such as Deadbolts , Smoke Detectors , Fire Extinguishers , Central Station Alarm Monitoring & Fire Sprinklers ; these items will most likely either be necessary for qualification or offer a security discount depending on the program . For a simple self service homeowners insurance quotation , there is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK "}
{"input": "Why Is Life Insurance Important For Children? ", "output": "Life insurance for the sake of the children is only as important as your dreams or the cultural expectations may dictate in your social strata of society . Education , weddings , down payment on a first home and an emergency fund are only a few of the items that generally are integrated into child planning for the future . If the question is regarding life insurance on a child , then final expense for funeral and medical expenses in the case of a childhood tragedy . In could be justified that educational outlays , or other large financial commitments born by the parents , would be reimbursed by the proceeds from a childs death claim . "}
{"input": "Why Is Life Insurance Important For Children? ", "output": "There is three reasons to insure a child with permanent life insurance . First , the reason no one likes to think about , but a child 's death is devastating on all levels , but is a possibility . Not having the money to bury a child just adds extra hardship during an extremely difficult time . Second reason is to protect the child 's insurability . Once the child has a life insurance policy , they can in most cases increase face amounts without proof of underwriting . This is crucial to a child diagnosed with type I diabetes , cancer or even worse . The third and final reason to insure a child with life insurance is the cash value . Not only can you use the policy as a teaching moment for the child to learn to save but the many uses as the child grows into an adult . Cash value from a life insurance policy can be used for emergencies , hardships , as well as college , a down payment on a first house or even retirement . Child life insurance is so affordable and important , every parent should strongly consider it for their children . "}
{"input": "Why Is Life Insurance Important For Children? ", "output": "Why is life insurance important for a child ? It creates the cornerstone of a financial plan for their lifetime while they 're still wetting their pants . What a parent can do for a child is create a policy that grows over time and can give a child future options for additional insurance that can not be denied by the insurance company . One of the most powerful gifts you can do for your children is take away an insurance company 's ability to say `` no '' down the road to your child when they wish to increase coverage . "}
{"input": "What Is The Best Medigap Insurance Company? ", "output": "Medigap Plans are standardized by CMS . This means they are Medicare 's plans and NOT plans of the insurance company -- so there is n't a company that ranks as the best Medigap carrier because they are all required to pay the bills ... it 's the law . As a consumer , it 's in your best interest to use an independent agent to help you determine which insurance company and Medigap Plan is the best for you . Independent agents specializing in Medicare know how to research the market and find the insurance company that meets your needs . When I 'm helping Seniors lower their existing Medigap premium , I let them know that it really does n't matter which insurance company they use ... if they have Plan F , it will be the same exact Plan F with another insurance carrier . The only difference is the price . Thank you for taking the time to read my response . Please let me know if I can be of further assistance . "}
{"input": "What Is The Best Medigap Insurance Company? ", "output": "The best medigap company is the one that 's offering you your desired plan at the lowest cost . A plan F from `` Company ABC '' is the same exact plan F from `` Company XYZ '' . Medigap plans are standardized , meaning that regardless of which company you have the plan through , the benefit pay the EXACT same way . The only difference in your coverage is your price . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "Does Medicare Cover Alzheimer's? ", "output": "Most of the medical care related to Alzheimer 's disease is covered by Medicare Part B -LRB- Medical insurance -RRB- or Medicare Part A -LRB- Hospital insurance -RRB- . If you have Medicare Supplement insurance -LRB- Medigap Plan -RRB- , your policy may help cover the co-insurance and deductibles associated with Original Medicare Part A and B . You can contact your insurance company or an insurance agent who specializes in Medicare Supplements to review your Medigap benefits . As for medications , a Part D prescription plan will cover most Alzheimers medications . Your costs -LRB- co-pays and deductibles -RRB- will depend on your plan . Unfortunately , long-term custodial care costs -LRB- nursing home , assisted living , or adult day care -RRB- are not covered by Medicare . Even hiring home help for bathing , toileting and dressing -LRB- custodial care -RRB- is not covered by Medicare unless the Medicare Beneficiary is receiving skilled-nursing care , physical or occupational therapy to assist with the recovery from an illness or injury . If I can be of further assistance , please feel free to contact me at 1-888-411-1329 . "}
{"input": "What Is A 5 Year Term Life Insurance? ", "output": "5 Year Term Life Insurance is insurance that the premium stays level for a 5 year period and then increases . The policy will renew at a higher premium until it expires at a given age age 85 for example . The premiums are low initially until , the become very high in the later years . Usually , this type of insurance is convertible to a level premium permanent insurance plan until a given age say age 65 . 10 year term life plans have become much more popular than the 5 year plans . An independent insurance broker , representing several companies , can help you find the right policy at the right price . If you have any questions , or feel that I could be of assistance , please do not hesitate to contact me . "}
{"input": "What Is A 5 Year Term Life Insurance? ", "output": "5 Year Term Life Insurance has the premiums locked in for 5 years . People who have a short term loan are the most common seekers of of 5 year Term that I see . In reality , the cost of 5 year Term is often higher than 10 year Term because there are so few companies that offer five year Term Life Insurance . When you buy Term Life , you can drop it at any time without penalty . So getting 10 year Term may be your better choice . "}
{"input": "What Is A 5 Year Term Life Insurance? ", "output": "That is a great question ! A 5 year term policy is exactly what it sounds like . It is a life insurance policy that has a 5 year lifespan . At the end of the 5 year term , the policy and coverageend . This type of policy is typically purchased to cover a debt , that is usually repaid within that time period . Term life policies have no value unless you were to pass away during the term , and can be renewed , but the renewal premiums start at 110 % of what you paid before , and increase dramatically . I hope that helps , thanks for asking ! "}
{"input": "What Is A 5 Year Term Life Insurance? ", "output": "The only reason to carry a 5 year level term is for a 5 year or less debt . Typically 5 year term is harder to find as many carriers start at 10 year term . I find in shopping that you can purchase 10 year term cheaper than buying a 5 year term just because of competition . If your need for life insurance is greater than 5 years seek the advice of an independent life insurance broker . Term life insurance policies rates increase as much as ten fold at the end of the term and force most back into the market . You will be 5 years older and perhaps not in as good of health . "}
{"input": "What Is A Health Insurance Claim Form 1500? ", "output": "A health insurance 1500 claim form is a standard claim form issued by the Center for Medicaid and Medicare Services that used by a non-institutional providers and suppliers to bill Medicare insurance companies and durable medical equipment regional carriers , as well as some Medicaid State Agencies.This form is usedwhen a provider qualifies for a waiver from the Administrative Simplification Compliance Act requirement for electronic submission of claims . "}
{"input": "Does Health Insurance Cover Skin Tag Removal? ", "output": "Skin tags are benign growths on the skin that can form anywhere but are most common on the eyelid , face , neck , armpit or groin . Removal is a relatively simple and painless outpatient procedure . In most cases skin tags do not pose a medical problem and removal is for cosmetic reasons . In some situations the tag may be in a place on the body where clothing rubs against it and it becomes quite unpleasant . In those situations it is possible your carrier will pay for removal of the skin tag . "}
{"input": "What Is A Renters Insurance Declaration Page? ", "output": "A Declaration Page , also referred to as a `` Dec Page , '' tells you the most pertinent parts of your policy . Along with containing the personal information -LRB- name , dob , address , etc. -RRB- , it also lists your policy number , effective date , summarizes the coverage amount and states the premium . Any changes -LRB- endorsements -RRB- or discounts will also be listed on this page . The dec page also provides information on the insurance company , including how to contact them , where to call for claims , etc. . "}
{"input": "When Should I Drop Life Insurance? ", "output": "It ultimately depends on your personal situation , but there will always be a need to have life insurance coverage -LRB- such as income replacement for your spouse , burial expenses , fees for the handling of your estate , leaving a legacy to your loved ones , etc. - using life insurance to provide income for your spouse after you die is a major need for coverage that is often overlooked -RRB- . You may simply need to change the amount of total coverage you have in force as your needs change , but you will most likely need to have some level of coverage in force forever . The most common type of life insurance that gets dropped is term insurance . The reason usually being that the term period on the policy is expiring/has expired and the premiums start increasing . When this happens , people usually buy a new policy to replace the old term policy to save money on their premiums . If you 're unsure about what to do for your specific circumstances , speak with an experienced broker who can help you determine the best course of action for your specific needs . I hope the information is helpful - please feel free to contact me for further assistance and if you have any other questions . Thanks very much . "}
{"input": "When Should I Drop Life Insurance? ", "output": "Many life insurance policies expire . If you have a policy that you must drop then the proper time to do that is when you no longer love anyone . Or when you no longer owe anyone money . Or when you no longer want to make a difference in this world . You certainly do not want to drop a policy if your health is declining , or when there are still loose ends in your estate . "}
{"input": "When Should I Drop Life Insurance? ", "output": "That is a great question ! The answer really depends upon why you would want to . There are policies that end on their own , and to renew them becomes really expensive really quickly , and if that is the case for you , let your term policy expire , and do n't renew it . If your case is that you 've found a cheaper whole life policy , drop the old policy as soon as the new policy becomes effective . If it 's a matter of affordability , maybe a better solution is to call and have your coverage reduced -LRB- lowering your premium payment -RRB- and allowing you to keep the policy . If you are needing money , maybe taking out a loan on the policy is wiser . If I can help you further , please feel free to contact me , okay ? Thanks for asking ! "}
{"input": "Does My Auto Insurance Cover Me In Europe? ", "output": "I am assuming you are referring to renting a vehicle in Europe and your US coverage extending to the rental car . This totally depends on your carrier and their policy . Most likely NO , some -LRB- though not all -RRB- US carriers will extend coverage to Canada -LRB- many used to extend to Mexico as well , but more and more are removing this coverage -RRB- . There may be a few carriers out there that would extend to European Countries , but the only way to know for sure is to call them or you agent directly and ask . I 'd get it in writing too ... . "}
{"input": "Does My Auto Insurance Cover Me In Europe? ", "output": "Most U.S. insurance companies do not do business in Europe . There are some that do . Check with your agent . You will probably find that your current coverage extends from the USA into Canada and along a strip of the Mexican border . There are many insurance companies that will be glad to help you find coverage in Europe . Enjoy the scenery and dont forget that the rules of the road are a bit different . "}
{"input": "Does My Auto Insurance Cover Me In Europe? ", "output": "That is a great question ! Unfortunately , I ca n't give you a very positive answer . I do not know of a single US auto insurer that will extend coverage to you overseas . I know that if you were asking about Canada , or even Mexico , that I could give you a better answer , but not for Europe , I 'm afraid . Sorry , and thanks for asking ! "}
{"input": "Where Is My Health Insurance Accepted? ", "output": "This is such a broad question . There is no way to answer without knowing additional details of your policy . Do you have an HMO , PPO , or another type of policy . HMO 's typically restrict you to providers at their facilities with exceptions being made for unusual situations . PPO 's will typically have a network of preferred providers covered under on copay and out of network providersunder a different copay and reimbursement level . You shouldhave been issued an insurance card with a number for you to contact with questions aboutyour plan . "}
{"input": "Can You Hide Smoking From Life Insurance Companies? ", "output": "I certainly would n't try to hid nicotine from a life insurance application . There are policies that do n't require medical but they will find out when they pull your medical records . It is n't a good idea to fib for this will be in your insurance history for life , all health , life etc applications can see your trail and history of how questions are answered . Here 's what I suggest , buy a small term life insurance policy , work on quitting and when you are successfully clean after 12 months , shop again for life insurance , at 12 months clean you are able to qualify for preferred rates pending there are n't any other issues . Good luck ! "}
{"input": "Can You Hide Smoking From Life Insurance Companies? ", "output": "Do n't even try it . Hiding tobacco use from the carrier initially may not be that difficult , but when it comes claim time the carrier will fight tooth and nail if they even think you lied on your application . Keep your answers on your application honest to avoid a non-payment of claims in the event of an untimely death . "}
{"input": "Can You Hide Smoking From Life Insurance Companies? ", "output": "Can you hide smoking from life insurance companies ? I have certainly had clients try it . How do I know ? Because they got caught . Once they answered `` no '' to the tobacco question and then evidence of recent smoking was found in their urine or medical records , from then on , all their answers were suspect . Underwriters use some personal judgement in assessing risk , and when a lie is discovered on the application , they are not quick to offer the benefit of the doubt for anything else . Not only that , but you end up paying tobacco rates with a company that may not have the best tobacco rates . When agents know up front what we are dealing with , we are much better able to get you with the lowest priced policy from the start . "}
{"input": "Can You Hide Smoking From Life Insurance Companies? ", "output": "Any attempt to defraud an insurance company by concealing material fact or omission may cause your beneficiaries claim to the proceeds of the policy to be denied . It could also constitute outright fraud which could lead to a civil suits . The application is forthright in it 's questions on smoking and not to mention the urine test will ferret out the nicotine levels in you system . Do n't try to game the system . You 'll lose in the end . "}
{"input": "What Is The Difference Between Life Insurance And Disability Insurance? ", "output": "Life insurance can be used to replace the income of the insured person after the insured person dies . Disability insurance can be used to replace the income of the insured person if the insured person becomes disabled.Disability can occur several times during one 's life ; death only occurs once . "}
{"input": "What Is The Difference Between Life Insurance And Disability Insurance? ", "output": "Life insurance is a mortality product and disability insurance is a morbidity product . Life insurance pays a benefit to the policy beneficiaries upon the death of the policy insured . Disability insurance pays with the policy insured ca n't work because of sickness or injury . Buying term life insurance in tandem with disability insurance is part of defensive financial planning . "}
{"input": "What Is The Difference Between Life Insurance And Disability Insurance? ", "output": "The main difference between life insurance and disability insurance is the first one is for those you love and care about to replace your income if you die . The second is to replace your income if you live . Life insurance is purchased for those you care about that would be left financially burdened with debt and or the lack of your income if you were to die today . Disability insurance is purchased for you to replace the majority of your income in case you were so injured or ill you could no longer work . Unless you are independently wealthy , there is a really good chance you need to purchase both . Be sure and find an experienced independent life and disability insurance broker to help you shop the market for the best product at the best price for your unique situation . "}
{"input": "Is Long Term Care Insurance Worth The Expense? ", "output": "If you have family history that has reoccurring nursing home care or home care assistance , you may need long term care insurance . If you play the morbidity odds of geriatric living , youll need long term care insurance . If you generated extended care expenses that you can not financially cover , you need long term care insurance . If you play the morbidity odds of geriatric living , youll need long term care insurance . If you generated extended care expenses that you can not financially cover , you need long term care insurance . A male and a female age 60 , nonsmoker and in good health with a full coverage and inflation rider from a quality long term care insurance company will pay around $ 300 a month for the max coverage . "}
{"input": "When Does Disability Insurance Kick In? ", "output": "Your disability benefits `` kick in '' or begin to pay once you have been diagnosed with an injury or illness by a licensed physician and the elimination period has been met . Your medical diagnosis must state you are unable to perform the duties of your normal occupation due to this affliction . The elimination period can vary from a day to 360 days depending on the type of disability policy that you own . "}
{"input": "When Does Disability Insurance Kick In? ", "output": "Disability benefits kick in once you have satisfied the elimination period . The elimination period describes the length of time you must be disabled before benefit payments begin . You will have to check your policy to determine the elimination period . Every policy is different . In general shorter elimination periods mean higher premiums . Many people opt for the lower premium configuration when purchasing the policy , only to regret the decision when learning how long it takes to kick in once disabled . "}
{"input": "When Does Disability Insurance Kick In? ", "output": "When does disability insurance kick in ? You can expect to receive a disability check 30 days after your waiting period ends . The waiting period is the time you decide to self insure to lower your premium . The longer the waiting period , the lower the cost . Payments actually begin 30 days after the end of the waiting period . "}
{"input": "Is Annuity Income Taxed? ", "output": "Yes , annuity income is taxed . The growth inside the annuity is tax deferred during the accumulation phase , but when you start the annuitization or distribution phase , where you start collecting payments , you will need to start paying income taxes on them . If you receive the payment as a lump sum , you will pay taxes on the difference between what you paid in and what you were paid . Not only can annuities be a good source of retirement income , but most people are in a lower tax bracket when they retire , so that the taxes do not sting as much . "}
{"input": "How Do I Apply For Medicare Part B? ", "output": "The best way to apply for Medicare Part B is to go to www.SSA.gov or visit your local Social Security office . The best time is a few months before you turn 65 or a few months before you need Medicare Part B to be effective . It is also a good idea to look at Medicare Supplement Plans to cover what original Medicare Part A & B does n't cover . You can do this through an independent agent that can show you all the major plans available to you . For more information about Medicare Part B and to run a Medicare Supplement Quote visit our website at SummitMedigap.com . You can also call us at 1-888-407-8664 . "}
{"input": "Where To File A Complaint Against A Health Insurance Company? ", "output": "All insurance companies are regulated on a state level . The first place to complain would be with the Department of Insurance of the state in which you reside . If your health coverage was purchased on either a state or federal insurance exchange -LRB- i.e. an `` Obamacare plan '' -RRB- , you may also file a complaint directly with the exchange . I would also suggest you speak with an independent insurance agent that represents the company to see if they can be of any assistance in resolving your concerns , or helping you change plans . "}
{"input": "What Glucose Meter Is Covered By Medicare? ", "output": "Glucose meters -LRB- blood sugar monitors -RRB- are covered by Medicare Part B as a type of durable medical equipment -LRB- DME -RRB- that your doctor prescribes for use in the home . The company that makes the device is not going to change whether or not it 's covered under Part B. Medicare Part B covers approximately 80 % of the cost and you 're responsible for the other 20 % . A Medicare supplement -LRB- Medigap -RRB- plan can help pay your portion of the cost of the blood sugar monitor . "}
{"input": "Who Has The Best Whole Life Insurance Rates? ", "output": "There 's no one company that offers the `` best '' whole life rates . The carrier that 's going to offer the best rates for you may not be the carrier the offers the best rates for someone else . There are a number of factors that go into the calculation of rates for a policy , but that 's only one area to think about . Some carriers may offer participating whole life policies -LRB- paying dividends that can be used to buy paid-up additions , reduce the premiums , or pay cash to the policyowner -RRB- - other whole life policies may be non-participating -LRB- meaning they do not pay any dividends -RRB- . Another factor determining which program will be best for your needs is the risk class . People may qualify for different risk classes with each carrier because each person has a different medical history and each carrier has their own set of underwriting guidelines -LRB- some carriers may be more aggressive in their underwriting and others may be more conservative -RRB- . You 'll want to consult with an independent life insurance agent/broker who can compare multiple companies to see who will offer you the lowest rates for what program you 're looking to set up . "}
{"input": "Who Has The Best Whole Life Insurance Rates? ", "output": "When comparing all insurance policies , especially whole life policies premium rates are only one variable to consider . Engaging the services of an independent agent / broker would help you find the right policy at the right price . If you are comparing whole life and the policy is non-participating example you can compare premium and the guaranteed cash value . This type of policy does not share receive dividends -LRB- the divisible surplus -RRB- . If you are comparing are whole life participating policy , then it is eligible for dividends . In this case , you will need to look at a company 's financials . Dividends are of course are not guaranteed . Availability of riders that can be added and premium payment period should also be considered . Unfortunately , I can not answer your question specifically without more information . I suggest you work with an agent / broker . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "Who Has The Best Whole Life Insurance Rates? ", "output": "All the above answers are good and correct . If you mean which company offers the lowest premiums for Whole Life , I would answer that in my experience , Mass Mutual , then the Guardian , and then NY Life . All 3 are mutual companies and their Whole Life policies receive dividends in addition to the guaranteed interest on the cash value portion of the policies . If you mean which company has the best performance with regard to their whole life policies cash values , again in my experience and to my knowledge the same 3 companies I named above and add NorthWestern and Sun Life . Of course what I like is the combination of lower premium and higher dividend interest rates that also buy more insurance while at the same time growing the cash value . "}
{"input": "Who Has The Best Whole Life Insurance Rates? ", "output": "The best life insurance rate is the one on the policy that is in force on the day of the claim . Price is really not the issue if the policy isnt in force . If the policy was in force but expired because the term of the policy expired , that wasnt a good buy either . Determine how long you will want the coverage and purchase a policy from an agent that you trust . "}
{"input": "Who Has The Best Whole Life Insurance Rates? ", "output": "Whole life insurance rates actually vary more for the individual purchasing them than the insurance company itself . There are so many factors that go into calculating premiums for whole life insurance such as age , build , health , life style , etc. . I recommend finding an independent life insurance broker to professionally shop the market for the best product at the best rate for your unique situation . Their services are free to you as a consumer . "}
{"input": "Does Auto Insurance Go Down When You Turn 18? ", "output": "That is a great question ! In most cases , the answer will lie in your company 's policies , your driving record , and where you live . The most risky age group for insurers is that 16-25 year old group , and as a result , the rate increases and decreases can vary quite a bit . Your best bet ? Call your agent and ask . Good luck , and thanks for asking ! "}
{"input": "Does Auto Insurance Go Down When You Turn 18? ", "output": "The rating structure used by an insurance company is approved and supervised by the state insurance commissioner . That means that it varies from state to state . Here in California we rate based on experience . Any driver with less than 4 years of experience is charged more than one with more experience regardless of their age . "}
{"input": "Does Auto Insurance Go Down When You Turn 18? ", "output": "Not really ... It all depends on the carrier you are with , but with our carriers we do n't see a significant price break at age 18 . We see a more significant break in the mid 20 's . Many carriers consider those that are 18 , 19 or in the eraly 20 's and still being `` young '' drivers and price them accordingly . Every year you get further away from the true young driver age of 16 or 17 , you get a little help onthe pricing but its not generally a lot to get excited about . Contact your local independant agent and have them run some pricing comaprisons for with different companies . If you are 17 now , ask them to run estimates on what your premiums -LRB- at today 's rates -RRB- may look like as you get older . "}
{"input": "Does Auto Insurance Go Down When You Turn 18? ", "output": "Many companies will reduce your auto insurance rates when you turn 18 , 19 , 21 , 25 or other specific ages . Also , the number of years of driver 's experience will help reduce premiums . For example , if you get your license at age 16 , within 2-3 years , you should see rate reductions if your driving record remains good . Of course , in fairness , there are other variables that can impact the rate . "}
{"input": "Is Ice Dam Damage Covered By Homeowners Insurance? ", "output": "It depends , which I know is an unsatisfactory answer . Assuming you have HO-3 Homeowners coverage there is protection against sudden rain/sleet/snow damage to your roof . In other words , if there is a sudden winter storm that persists for days on end , an ice dam builds up on your roof and causes damage there could be coverage . However , if you have an older roof and it has been through a few winter storms then the most likely answer you will get from an insurance company will be the damage was caused by normal wear and tear and the damage is not covered . So , depending upon the age of your roof , its pre-storm condition and the suddenness/severity of the storm you may or may not have coverage . "}
{"input": "What Is A Declaration Page For Renters Insurance? ", "output": "A `` Declarations Page '' in any insurance policy is simply the page in the policy that states what the insurance company is insuring and what benefits will payable if the insured incurs a loss and also covers details like `` what if the insured causes the loss due to negligence ' and a life insurance policy in most cases will state in the case of `` suicide '' the policy will not pay "}
{"input": "How To Reimburse Employees For Health Insurance? ", "output": "This has been a controversial area for several years as I presume you are asking about how to reimburse employees for the cost of individual health insurance . There had been a lot of activity which was embraced by a number of employers in past years to reimburse their employees for the cost of individual health insurance through the use of a Health Reimbursement Account -LRB- HRA -RRB- and making it a deductible business expense no different than an employer contribution to a group health insurance plan . In early 2013 the DOL and IRS issued statements that virtually every benefits professional recognized as being definitive in stating that this practice was not allowed . If an employer does not want to offer a group health insurance plan but wants to assist their employees in purchasing individual health insurance then the only practical way to do this appears to be by grossing up their pay by some amount . Of course , this is no different than giving the employees a pay raise from a tax perspective because that is exactly what you are doing . Also , this well intentioned action by the employer may have the unintended consequence of reducing or eliminating the amount of the Advanced Premium Tax subsidy that the employees might qualify for in the government health insurance marketplaces . But it is now clear than any employer support for employees purchasing their own health insurance can only be done on a post-tax basis . Depending upon a given group 's circumstances this may be a viable option to consider and is being done by some employers . This is an approach that needs to be handled with care and you should seek guidance regarding the applicability of this approach to your company 's specific situation . If you would like to learn more please feel free to contact me . "}
{"input": "How To Get Life Insurance For Your Parents? ", "output": "To get life insurance for your parents , start by asking them if it is OK to take out a policy on them , or for you to help them get a policy on themselves . Then gather their information : height , weight , any medications they take , any health problems they have now or in the past . Call a broker who carries Senior Life Insurance and find your best price and type of policy . If for final expense purposes , you will need permanent insurance , or the policy could end before it is needed and then be impossible to get a new one . Your parents will need to sign the application and possibly complete a phone interview . If getting a large policy over $ 50,000 they will probably need to take a free exam done in their home . Once approved , either you or they can pay the premiums . Paying the first premium will put it into effect . And that takes care of it . "}
{"input": "Who Should Have Long Term Care Insurance? ", "output": "You should have long term care insurance before you enter retirement , generally before age 60 . If your family has a predisposition for a specific disease of a health history for needing nursing home care , you should consider securing it as soon as possible . We 're living longer and the need for assisted living at home is more than likely a reasonable future for most . "}
{"input": "Who Should Have Long Term Care Insurance? ", "output": "Those who should have long term care are those with considerable assets to protect or those who want to make their own choices about their long term care . Having long term care insurance pays for the cost of daily care , so that you do not have to liquidate savings and investments to pay for it . Most policies now pay the benefit to you so that you can spend it to hire a relative to care for you in home , hire a caregiver so that you can stay in your independent living residence , or all sorts of options . "}
{"input": "Who Can Be Trustee Of Irrevocable Life Insurance Trust? ", "output": "If it is the insured person 's estate who you are trying to protect , the insured person can not be trustee of an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- . Any power to administer or change the trust is considered incidences of ownership , and thus defeats the purpose of the trust -LRB- which is to transfer ownership of the life insurance from the estate to the trust for tax purposes -RRB- . If it is a survivorship policy with your spouse , your spouse can not be trustee , either . In fact , if your spouse is beneficiary of the trust and is name trustee , your spouse needs to have a co-trustee for distribution of discretionary funds , It may be better to name a professional as trustee of the trust , although technically almost anyone can do it , with the exceptions noted above . "}
{"input": "Can I Get My 401K Now? ", "output": "Can you get your 401k now ? In most cases the answer is yes , but the question is should you ? Cashing in your 401k plan prior to age 591/2 -LRB- unless you take a series of annuity like payments -RRB- subjects you to a 10 % penalty along with making any funds taxable as income . The other thing to think about with a question like this is if you cash out your retirement early , what will you have later ? "}
{"input": "What Should I Pay For Long Term Care Insurance? ", "output": "It depends on gender , age , smoking status , health condition and whether you use two lives on one policy . A 60 year old male and female , both nonsmokers and in good health can secure an excellent long term care policy for both for $ 300 a month for a base policy . "}
{"input": "Does AARP Have Homeowners Insurance? ", "output": "AARP is not an insurance company , However The Hartford offers discounts to AARP members on both home and auto insurance . The Hartford has been in business for over 200 years and is a highly reputable insurance company . Just to note : not all Hartford agents are authorized to offer AARP discounts . AARP qualified agents must go though certain training and be approved before being able to offer The Hartford 's AARP product . You should easily be able to do a web search to find a local agent who can offer Hartford 's AARP product . I myself am an AARP authorized agent in the state of California . "}
{"input": "Can I Get Life Insurance If I Have Ulcerative Colitis? ", "output": "Yes , you can get life insurance while having ulcerative colitis . If you want over $ 25,000 of coverage , the insurance company will most likely order medical records . They will check to see if your condition is stable and mild to moderate , which should qualify you for a policy . Recent flare ups , surgeries , certain prescriptions , or complications such as liver disease could cause you to be postponed or declined for a traditional policy . However , there are simplified or guaranteed issue policies that most people with ulcerative colitis can get . Contact an agency that specializes in life insurance for persons with IBD and Crohn 's disease to find the best life insurance options for persons with ulcerative colitis . "}
{"input": "Can I Get Medicare Before Age 65? ", "output": "It is possible to get Medicare before age 65 in some circumstances . Unfortunately , opting to take Social Security benefits before age 65 does NOT entitle you to Medicare benefits . Likewise , if your spouse is under age 65 when you retire , they are not eligible for Medicare until they turn age 65 . An alternate form of medical insurance must be secured for the interim , in those situations . Medicare can be obtained before age 65 if the patient has End Stage Renal Disease or ALS , within parameters . Persons who are on Social Security Disability for two years can also receive Medicare under age 65 . "}
{"input": "Why Is Health Insurance So Expensive In New York? ", "output": "This question was asked before implementation of the Affordable Care Act , but the answer highlights important features of the new law : coverage for preexisting conditions , and the mandate to purchase . Health insurance in NY was expensive because laws required insurers to issue policies regardless of health . Healthy people were not required to purchase a policy . Eventually only the sickest people enrolled in the plans , forcing premiums very high . The Affordable Care Act includes a mandate for health people to purchase coverage . It remains to be seen if the penalty for being uninsured is stiff enough to avoid what happened in NY . "}
{"input": "What Is Full Coverage Auto Insurance? ", "output": "If you have a loan on your vehicle your loan provider will typically require you to have full coverage on the vehicle until the loan amount is satisfied . The loan provider will also typically request that you have a deductible level of no greater than $ 1000 for collision and other than collision -LRB- comprehensive -RRB- . "}
{"input": "What Is Full Coverage Auto Insurance? ", "output": "`` Full coverage '' means that your policy includes both physical damage coverage for your car and liability coverage to protect you if sued as a result of an accident that you cause . Physical damage is both Comprehensive and Collision . Collision is the more narrowly defined . That is coverage for your car caused by collision with another car , a stationary object or a human being . Comprehensive covers damage for just about everything else-fire , theft , vandalism , hit by a fallen tree , if you hit an animal etc. . "}
{"input": "What Is Car Insurance Full Coverage? ", "output": "When full coverage is discussed in respect to automobile insuance coverage it typically includes : liability , property damage , medical expense , comprehensive -LRB- other than collision -RRB- , collision , towing , and rental car reimbusement . Comprehensive -LRB- other than collision -RRB- and collision coverage typically have a deductible -LRB- this is the portion that the insured is responsible forbefore the insurnace carrier pays their part ofany claim . "}
{"input": "Is It Ok To Have Two Health Insurances? ", "output": "There is no law preventing you from having two health insurance plans . Most people find that one plan is sufficient . Of this group the majority pay more in premiums than they receive back in benefits , so having two plans is very difficult to cost justify . Sometimes people with chronic medical conditions find having two plans make sense . But even in this group it makes sense only when employers are paying the majority of the premium . The second plan will only pick up and pay on the left over expenses : deductibles , co payments , or co insurance . "}
{"input": "Do Georgia Employers Have To Offer Health Insurance? ", "output": "Unlike omst parts of the Affordable Care Act , if you are employed by a business with less than 50 full time employees , your employer has the option of offering coverage , but not is not mandated to do so . The health law does not require businesses with fewer than 50 employees to offer health insurance to their workers . Small Employers wanting to offer coverage to employees may do so using the SHOP exchange , which is meant to help small business owners find affordable coverage . The government offers certainincentives in the form oftax credits and deductions to encourage employers with fewer than 25 employees who set up coverage through SHOP and help pay for it . Currently in Georgia , the only way to sign up for a SHOP plan is to go see an agent , broker or insurance company and fill out the paperwork . Online enrollment is scheduled to be available during next fall 's open enrollment period , starting November 15 , 2014 . "}
{"input": "Does USAA Renters Insurance Cover Jewelry? ", "output": "USAA renters insurance policies cover jewelry . However , like most renters coverage , there will be specific limits and exclusions regarding how much would be paid on a claim . With many policies , you can add riders to broaden your coverage or specifically schedule items of jewelry . Yourpersonalbroker or an experienced broker can review with you how to best cover any jewelry you have . "}
{"input": "How Does One Get Medicare? ", "output": "The main way to qualify for Medicare is to be turning 65 year sold . You can complete the application process as early as age 64 and 9 months . Many individuals will qualify for premium-free Part A - you have the option of signing up for Part B as well , however , Part B requires a monthly premium . If you 're under 65 , you may be eligible for Medicare if you 're on disability -LRB- and have been for at least 24 months -RRB- or have end-stage renal disease -LRB- ESRD -RRB- . You can enroll in Medicare Part A -LRB- and Part B as well -RRB- online through the social security administration website , ssa.gov . Part A & Part B are referred to as Original Medicare . Original Medicare covers approximately 80 % of expenses and both parts feature a deductible that you 're resopnsible for paying -LRB- in addition to the other 20 % of remaining expenses -RRB- . I would recommend adding a Medicare supplement -LRB- Medigap -RRB- plan to cover the other expenses - these are sold through private insurance companies . Plan F is the most comprehensive , but if your doctor accepts Medicare and assignment , you may want to look at a plan N as well . The major advantage of adding a Medigap plan when you sign up for Medicare Part B is that you have a 6-month open enrollment period where you ca n't be turned down for a plan -LRB- no medical underwriting -RRB- and it helps create a predictable expense structure for your health care . "}
{"input": "Does Renters Insurance Cover Water Damage From Rain? ", "output": "The damage to the building its self would be covered b y the owner of the building but the damage to your belonging should be covered under your renters policy . Less your deductible . Unless it is exclude on your policy there should be converge for this type of damage . Read through your exclusions or talk to your agent or your carrier They should be able to tell you what is excluded . "}
{"input": "Can Disability Insurance Cover Maternity Leave? ", "output": "Short Term Disability Insurance offered by an employer can cover maternity leave . There is a normally a requirement that you need to have worked for that employer some time before becoming pregnant in order to be eligible for this benefit . Private Short Term Disability Insurance , unfortunately , does not cover maternity leave . Long Term Disability , both group and private , will cover disabling complications of pregnancy or delivery . "}
{"input": "Can You Get Life Insurance With Lupus? ", "output": "Yes , you can almost always get life insurance while having lupus . If your lupus is severe enough to cause kidney damage , anemia , pleurisy , pericarditis , or brain dysfunction , you will most likely need to take a simplified or guaranteed issue policy . If it is mild , you can get medically underwritten life insurance at reasonable rates . "}
{"input": "How Much Is Average Life Insurance? ", "output": "The average cost of life insurance varies so much that it is impossible to state a meaningful figure . What is average for a 20 year old male is a far cry of what is average for an 80 year old male . Those two persons generally do n't even need the same face amounts or purchase the same type of policies . To find the average cost of Term Life Insurance for a relatively healthy person , you can use quote engines on websites that will show that . Better yet is to call the website or a local agency , and discuss your health and the type of policy you want . If they have several companies that will cover you with the same type of policy , that is a good way to see an average price of what life insurance would cost for you . "}
{"input": "Does Health Insurance Cover A Tubal Reversal? ", "output": "Reversal of voluntary sterilization such as tubal ligation or vasectomy is not a covered expense under most health insurance plans . Health insurance is designed for things that are deemed medically necessary and surgery to reverse a tubal ligation is performed for reasons other than to correct a medical condition . Your answer is no . "}
{"input": "Which Insurance Company Is The Cheapest For Auto? ", "output": "The cheapest auto policy is the one that pays your claim to maximum extent possible . That means that the policy is in force and has adequate limits . You can choose reduced coverage and suffer a great expense at the time of claim . You want to be restored and back on the road as quickly as possible . That is the definition of a cheap auto policy . "}
{"input": "Does Home Insurance Cover Sinkholes? ", "output": "It is important to know that your Homeowners Insurance probably does not cover damage to the house caused by sinkholes unless you have discussed this optional coverage with your Insurance Professional and added the endorsement onto your policy . Damage caused by earth movement of any kind is a common exclusion in most standard Homeowners policies . "}
{"input": "Does Homeowners Insurance Cover Water Heater Replacement? ", "output": "If your asking can homeowners insurance cover your water heater because it wore out then the answer is no . Insurance polices are not maintenance polices and do not cover wear and tear . Some insurance polices do an option for mechanical breakdown at an extra premium but again , even this extension of coverage would not cover just plain old wearing out . "}
{"input": "Does Medicare Cover A Nursing Home? ", "output": "Medicare coverage for Nursing Home is limited to Skilled Care for 100 days after a qualifying hospital stay of 3 days not counting day of discharge . Medicare was never designed for long term nursing home stays . To qualify as skilled care the patient must have been admitted to the nursing home for the same issue he was in the hospital , he must be able to improve with therapy , and the stay must be approved by Medicare . "}
{"input": "Does Home Insurance Cover Leaking Windows? ", "output": "Homeowners insurance policies vary a lot so the only way to find out for sure is to file a claim . With that said the general guideline is that it depends on what caused the leaking . If it was caused by an unexpected event such as a windstorm or a tree hitting the house then you probably are covered , if the windows have just gotten old and started leaking over time , then this is probably not covered because of the normal wear and tear exclusion . "}
{"input": "Does Home Insurance Cover Leaking Windows? ", "output": "A homeowners policy covers damage that is the result of a specified peril . The most commonly covered perils are fire , wind and hail but there are many additional perils covered in modern policies . If those types of incidents caused the windows to leak then there will probably be adequate coverage . "}
{"input": "Does My US Car Insurance Cover Driving In Europe? ", "output": "United States Auto insurance onlycoversthe United States , it 's territories and Canada . In order to operate a vehicle in Europe you would have to purchase coverage there as Europe does not recognize US insurance . Also the US insurance carriers have no recourse in the event of a law suit in a country outside their jurisdiction . Man US insurance carriers do cover you into Mexico but I recommend if entering Mexico you purchase Mexican Insurance as it is illegal in Mexico to drive without Mexican Insurance . "}
{"input": "Can You Borrow From Your Retirement Plan? ", "output": "Most qualified plans have borrowing provisions for plan participants . There is usually an interest charge as well as a payback schedule . Borrowing money fro your plan may restrict your ability to transfer funds to another plan or termination of your plan until it 's paid off . Tapping your retirement plan should be the last source of money you look to . "}
{"input": "Can You Borrow From Your Retirement Plan? ", "output": "Can you borrow from your retirement plan ? Well , it will depend on your plan as it has to be written into the plan design . The question becomes why would you ? When you borrow from your plan you are removing money from the earning stream of your retirement account . That money borrowed no longer earns a return until repaid . "}
{"input": "How Much Does A Medicare Supplement Plan Cost? ", "output": "The cost or monthly premium of a Medicare Supplement Plan can vary widely depending on what state you live in , how old you are and your smoking status . In some cases what part of the state you live in will vary the cost of a Medicare Supplement Plan . It also depends on which plan you want . All Medicare Supplement Plans will have a letter -LRB- i.e. Plan F , Plan J , Plan G and so on -RRB- and any plan that does not have a letter is not a Medicare Supplement . The best way to find out what a Medicare Supplement Plan would cost you is to run a quote on our website at SummitMedigap.com . You will be able to compare Medicare Supplement Plans instantly online . We can also help answer all of your questions and help you decide on the best plan for your specific needs . You can also reach us at 1-888-407-8664 . "}
{"input": "What Is The Difference Between Life Insurance And Critical Illness Cover? ", "output": "Life insurance covers against the loss incurred upon the death of an individual . Dying is the triggering event that makes the insurer pay a claim . Critical illness insurance covers against the loss incurred by a major medical condition like stroke , heart attack , or cancer . The triggering event is the illness . The insurer pays a claim to help cover the costs associated with the illness . "}
{"input": "What Is The Difference Between Life Insurance And Critical Illness Cover? ", "output": "Life insurance pays a lump sum to a beneficiary upon the death of the insured . A critical illness policy pays the insured upon the diagnosis of a critical illness . Although different in nature critical illness policies are often written on a life insurance chassis allowing the money to be paid out upon the diagnosis of a covered critical illness and if the insured dies from the critical illness it will pay the benefit , or some portion of , to an assigned beneficiary . "}
{"input": "Will My Renters Insurance Cover My Dog? ", "output": "Will assume that you are referring to damage done by your dog . If he or she damages your property , there is probably no coverage . However , if the dog tears into the property of others , there would probably be coverage . However , there is a limit to the amount of liability coverage provided . "}
{"input": "Will My Renters Insurance Cover My Dog? ", "output": "That is a great question ! You will need to check with your agent for the specifics of your policy , but typically renters insurance policies have a limited amount of coverage they will provide . For injury to , or the death ofyour dog , there is n't coverage , unfortunately . If your dog does damage to your apartment , or your belongings , again there is no coverage . If your dog bites someone , there may be some coverage , depending upon the type of dog you have . Some companies will not insure certain breeds that are deemed to be aggressive . You will really need to ask your agent to know for sure . Thanks for asking ! "}
{"input": "Will My Renters Insurance Cover My Dog? ", "output": "As was said by my colleague , it is always best to talk to your Insurance Professional about the terms and conditions of your policy . But unless there is some coverage limitation or exclusion in your policy based upon having a dog or a specific breed of dog , then if your dog happens to bite another person or another person 's pet , the liability portion of your renters ' policy will cover you for any legal liability you may have . "}
{"input": "What Are Deferred Annuities Best Suited For? ", "output": "What are deferred annuities best suited for ? The challenge with this question is that the term deferred annuity has at least two `` definitions '' . I will describe two scenarios and if your question is not answered , please do not hesitate to contact me . A deferred annuity can refer to exchanging a lump sum for a guaranteed income at a point in the future . In this situation , a deferred annuity would be suited for someone who wanted a guaranteed flow of income with no management responsibilities . A life annuity may or may not include a guaranteed payout . There are different options , so ask your insurance agent for details . In addition to the income amount , taxation during the the deferral period and of the income flow should be considered . In Canada , a deferred annuity can also refer to Guaranteed Investment Annuities -LRB- GIA -RRB- and Segregated Funds -LRB- variable annuities -RRB- . Both of these are issued by insurance companies and offer the option of an annuity in the future . Since they are issued by insurance companies , they also offer guarantees not offered by other institutions for non-registered investments . These include potential creditor protection and estate planning opportunities , such as bypassing probate . Segregated funds are similar to mutual funds , but they offer maturity and death guarantees . In addition , some segregated funds include the `` locking in '' of gains . Depending on your individual situation , there could also be some tax advantages to these plans . These type of deferred annuities are best suited for individuals who are looking for , and would benefit from , the additional features and guarantees . This is an overview of a potentially complex subject . If you would like to work with a local Retirement Planner , you could start with a Google search . For example if you search for , retirement planner Halifax or retirement planning Halifax , my name along with several others will come up . It will be the same in your community . If you have further questions , or feel that I could be of assistance please do not hesitate to contact me . "}
{"input": "How Does Disability Insurance Protect You? ", "output": "How does Disability Insurance protect you ? By protecting your INCOME . Unless we are fortunate enough to have a partner who makes enough to support our lifestyles , most of us would undergo substantial hardship by losing our source of income due to a disability . Even short term disabilities can quickly deplete the reserves some of us have stashed away for emergencies . Long Term or permanent disabilities can be devastating to even high income earners . Having Disability Insurance does not provide you with 100 % of your original salary , but can replace approx 70 % of it so that you at least have some time to regroup and evaluate your employment and lifestyle situation . It may be possible to live on 70 % of your income , even indefinitely . It is not possible to live with no income at all . That is the protection Disability Insurance provides . "}
{"input": "How Does Disability Insurance Protect You? ", "output": "Disability Insurance Protect You in the event that you are injured or become sick to the extent that you can no longer perform your work duties . In reality , disability insurance is paycheck protection . Social Security disability benefits can help , but not significantly . Employer sponsored group benefits may have short term disability that can supplement your cash reserves or your emergency money . Disability insurance can protect up to 60 % of your compensation with tax free benefits . If you qualify as a business , you may be able to deductible the premium cost and cover up to 80 % of your compensation , but taxable . "}
{"input": "When Do I Enroll In Medicare? ", "output": "You enroll in Medicare when you decide to retire and/or if your employer tells you they will not cover you on their group plan after age 65 . When you turn 65 you automatically get Part A . If you will remain on a company group plan then it 's best to postpone Part B until you decide to retire . If your benefits department tells you they do not offer benefits once you turn 65 then you would get both Medicare Part A & B . You should also look into a Medicare Supplement Plan at the same time because Part A & B only will cover about 80 % . You can start reviewing your options 6 months out so you will have plenty of time to make a decision . Medicare along with a Medicare Supplement Plan is actually great insurance . Most people find that the benefits are equal to or greater than what you had with your company group plan . If you pay for your group benefits or are on an individual/family policy you may even save money when you go onto Medicare with a supplement . "}
{"input": "When Do I Enroll In Medicare? ", "output": "Medicare Insurance covers American employees when they retire . It begins at age 65 and once you are 643/4 years old you can begin the process of enrolling . Medicare comes in two parts ; Part A covers medical insurance and Part B covers doctor charges . In addition you can have Part D for prescriptions . "}
{"input": "When Do I Enroll In Medicare? ", "output": "You can enroll in Medicare 3 months prior to your 65th birthday and the month of birthday plus 3 months after your 65th birthday . This is referred to as your `` initial enrollment '' and a company can not ask you any health questions and they can not turn you down or rate your policy because of any health issues . It is important for all individuals to be mindful if your budget can stand the expense of a medicare supplement plus a prescription drug plan then you may be well advised to not enroll in a Medicare Advantage Plan because if you do and then you want to come back to original medicare for you to obtain at medicare supplement policy you will be subject to underwriting and if you have conditions that are unacceptable then you will not be able to get a medicare supplement policy . Also I hope everyone is aware that if you fail to enroll in a Part D plan there is a penalty for late enrollment "}
{"input": "I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when? ", "output": "If the only conversion option your policy offers is Whole Life , the rate is probably going to be quite a bit higher than if you take out a new , no lapse , Universal Life policy . However , when you convert Term Life , you are rated the same on your Whole Life that you were rated on your Term policy . So if your health has declined , you may be getting a good deal by converting . If it has not declined , I personally would check out a new policy to see how much you can save . As to when to convert , it depends on several factors . 1 . HOW MUCH you want to convert . If you want to convert it all , it may be a good idea to do it now , while rates are lower . They will go up quite a bit over the next 10 years . 2 . YOUR HEALTH . If you have very poor health , you may just want to pay those low Term rates another 10 years . If you have excellent health , it might be a good time to convert or look at what else you can get in a permanent policy . 3 . WILL YOU NEED LIFE INSURANCE after age 60 ? By the time you are 60 you should have a good idea of whether you will need that much coverage . You have some time to get a feel for how your retirement is going to pan out before you make this big decision . You can not reverse it and go back to Term , once you have converted your policy . Please feel free to contact me to help you ascertain what prices are out there for you , or help you figure out what direction to go . Best wishes . "}
{"input": "I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when? ", "output": "Hahah ! I like Brandi Jo 's answer above best ! But the answer to your question , `` Should I convert to Whole Life and When ? '' depends on a number of things . Will you be retiring at 60 or are you retired now ? How much liquidity do you have now ? Will you have a need for insurance when you turn 60 ? So the answer to your question depends on your goals and needs for insurance . You should talk with an insurance adviser . Personally I think you should 've started with Whole Life , but that not being the case if you are going to convert your term policy you should do it immediately . "}
{"input": "I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when? ", "output": "Yes . Yesterday . Call me . I can get you a policy that will give you cash in retirement tax free . Also increase your retirement income by at least 30 % . Whole Life policies allow you to spend everything else you 've saved for retirement and then give you protection against inflation and volatility . "}
{"input": "I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when? ", "output": "That is an excellent question ! I think it is great that you are on top of your insurance situation . I 'd advise you to call your agent , and ask about the ability to convert your policy . Make sure that your policy will allow it ; and if so , how much coverage it would give you . Then look at whether that is enough coverage . If not , then you will want to think about adding some additional coverage , either in another term policy , or some additional whole life , depending upon your budget . I do not recommend by any stretch to renew it , as it will get very expensive very quickly . If you need help , please feel free to contact me , okay - I 'm happy to help . Thank you for asking ! "}
{"input": "I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when? ", "output": "If your current term policy has the option to `` convert '' to a permanent life insurance policy , the advantage of converting now is that you can get a lower premium than you could at age 60 . Either way , you should not have to re-qualify for coverage under your current policy conversion . Insurance companies often have limitations as to the type of policy you can convert to and you need to find out exactly what type of policy they would allow you to convert to and make sure it fits your needs . It is a good idea to check out other offerings from other insurance companies as well - you never know when a fresh start could get you a better `` fit '' for moving forward with permanent life insurance . Of course , you would have to qualify for a new policy with another company , but it costs you nothing to check it out . "}
{"input": "I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when? ", "output": "The term `` convert '' usually means an internal replacement to a permanent policy . While many carriers do not offer a whole life policy , you will be able to convert into a universal policy with certain guarantees depending upon the conditions of your term contract . That said , your decision should be based on your need , financial situation and other factors . If conversion makes sense for you , I would do it sooner than later , especially if your current carrier allows conversion into any of their current permanent products . If not , and your health is acceptable , consider purchase of a permanent product from another company . This and other questions about conversion should be asked to your current agent and discussed fully with your proposed beneficiaries to make sure of the best decision on your part . "}
{"input": "I'm 50 with a term life policy that expires when I'm 60. Should I convert to whole life, and if so, when? ", "output": "If you are sure that you will die prior to your age 60 , dont do anything . If you suspect you might live past age 60 you will need to ask yourself a few questions . Will you have needs that will last the balance of your life ? These would probably be money to cover final expenses and a cushion to offset any lost income that would result if you died and your spouse would have a reduction in benefit . If you have a permanent need , you need a permanent policy . "}
{"input": "When Does Life Insurance End? ", "output": "Term Life Insurance ends when you quit paying on it . If you forget a payment , if your address or bank account changes and premiums go unpaid , or if you purposefully stop paying on a Term policy , the insurance company will give you one month to make that payment up . After the one month grace period is over , you must prove your health qiualifies to have the policy reinstated . If the level part of a Term policy is over -LRB- e.g. you are entering year 11 of a 10 year Term policy -RRB- , the policy will either automatically renew at an extremely high price , or the company will send you a letter telling you the new higher price and you must choose if you want it to renew at that price . From then on , the premium can go up annually . Most people do quit paying their Term Life Insurance and let it end at that point . Whole or Universal Life can be `` paid up '' for life , in which case all the premiums have been made and the policy will not end -LRB- as long as it was properly set up , there are no unpaid loans , etc -RRB- . Otherwise , permanent insurance will end when the payer quits paying premiums and there is not enough cash value to pay them . ` "}
{"input": "What Does Travelers Renters Insurance Cover? ", "output": "Travelers Insurance Company has an excellent renters insurance policy . The Form HO-4 covers Personal Property and Personal Liability Insurance for the tenant -LRB- insured -RRB- . Renters Insurance is a very valuable coverage because it no only offers protection against damage to your personal property but also protection against negligence and personal liability cases that may be brought against you . One valuable example is if there is fire , smoke or water damage to the rented home or apartment unit , the property owner 's insurance company will most likely attempt to collect damages from the tenant if they can prove negligence . In this case , Renters Insurance will provide the legal representation to handle the situation although the policy limit will apply . If you are not sure and do n't really want to commit to purchase renters insurance but may or may not be required to according to your lease agreement , the best way to generate the lowest annual premium is to select the minimum personal property coverage available , the lowest limit of personal liability and the highest available deductible for the policy . There is a link providing an online format to obtain a quote and buy renters insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK "}
{"input": "What Does Travelers Renters Insurance Cover? ", "output": "-- > Normal 0 While I have no intention to question a colleague , Im not sure I would place a Travelers Tenants policy in the Excellent column , good , maybe , but certainly not excellent . The Travelers tenant homeowners policy covers your personal property but limits that coverage to specific named perils . In my opinion , an excellent tenant homeowners policy would cover any direct damage -LRB- except for specific exclusions and limitations -RRB- . The basic Travelers tenants policy covers the insured for the Actual Cash Value of their property . An excellent policy would cover the full replacement cost of covered property , new for old . The Travelers tenant homeowners policy , like many others , covers your personal property but limits theft coverage on Jewelry , Furs or Silver to , I believe , $ 1000 . An excellent policy would have either no limitations or the limits would be no less than $ 5000 in the aggregate for each category . The Travelers liability coverage excludes , as do most other tenants policies , property damage to property in the insureds care , custody or control . Generally that would include property damage to the apartment you are living in . This exclusion would not apply to Fire or Smoke damage but I dont believe water damage to the apartment you rent would be covered by the basic policy . Securing coverage for accidental damage to the apartment they are living in may be a very important coverage for most apartment renters . Obtaining a waiver from your landlord for any damage covered by the landlords insurance may be the best and most economical alternative . If buying coverage on-line or face to face from a local broker , I suggest these questions be raised and addressed . "}
{"input": "Will Auto Insurance Cover Mechanical Repairs? ", "output": "If you have an endorsement on your policy that covers towing and roadside assistance then there is a possibility that a repair may be covered . Towing and roadside assistance coverage is typically very limited though . I would suggest reading your policy completely to understand the coverage offered and the exclusions contained within or contact your local agent to have them go over the policy with you . "}
{"input": "Can Term Life Insurance Premiums Increase? ", "output": "If you have a Term Life Insurance policy where the premiums are not guaranteed , they could possibly increase . Sometimes level term is called that due to the level face amount , with the possibility that premiums could increase after x number of years . Some term policies are called guaranteed , but the company just means that the premium wo n't go up unless it goes up for the whole group -LRB- which can be several times per year -RRB- . And all term policies have a big jump in premiums after the guaranteed period ends . "}
{"input": "Can Term Life Insurance Premiums Increase? ", "output": "There are different types of term life insurance . Annual renewable term is a step up or increasing premium . Guaranteed level term life insurance offers a stable premium throughout the guaranteed period : 5 , 10 , 15 , 20 and 30 years . After the guaranteed period , the premiums increase . If you convert your term life insurance to permanent life insurance the premiums will also increase . "}
{"input": "Why Do Employers Offer Life Insurance? ", "output": "Employers can offer life insurance to employees and their families as a benefit . This helps attract good employees . Some people can not get reasonably priced life insurance in other ways , so it can be a valuable enticement . Employers can also deduct the premiums they pay for the first $ 50,000 of group coverage . "}
{"input": "Why Do Employers Offer Life Insurance? ", "output": "Employers offer extra benefits above salary as a way to attract people to come work for their company . In the case of life insurance , the employer will pay for a portion -LRB- or all -RRB- of the cost for the insurance . Some employers will provide up to $ 50,000 of life insurance coverage , others may base it on your income level -LRB- e.g. 1x income , 1.5 x income , 2x income , etc. -RRB- . It 's important to note that with group life insurance , if you leave the company or are terminated , you lose the coverage . This is why it 's good to also supplement the group coverage with an individual life insurance policy . Individual policies go with you regardless of where you work . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "Why Do Employers Offer Life Insurance? ", "output": "Employers providing some life insurance for their employees goes back well over a century when working conditions were often more hazardous and the workforce was overwhelmingly male . The death of an employee who was often the sole bread winner for his family would leave the spouse and/or children saddled with funeral expenses and a loss of income . Such situations were often viewed as harming the morale of other employees and reducing productivity as co-workers would often be taking time to raise money to assist the family of their late co-worker . It was also not uncommon for the family of the deceased employee to turn to the former employer requesting financial assistance which obviously put the employer in an uncomfortable situation . Term life insurance was an inexpensive way for the employer to address this employee need while enhancing employee loyalty and morale and avoiding workplace disruption . Since then the provision of employee life insurance became institutionalized as employee benefit plans became the norm . In fact , for many years it was not uncommon industry practice for the group 's health insurance carrier to require the bundled sale of some term life insurance when they implemented coverage for an employer group -LRB- a practice that has since been discontinued -RRB- . As such , employer 's providing life insurance for their employees has been a mix of employer 's looking out for their employees and their families , protecting their own self-interests , tradition and industry practices . Term life insurance still remains one of the least expensive benefits an employer can provide to their employees that often has the most emotional impact when it is actually needed . "}
{"input": "Why Do Employers Offer Life Insurance? ", "output": "There are a few reasons for an employer offering life insurance to their employees . One good benefits help attract and retain good employees . Employee training is one of the most expensive tasks employers must do , so turnover is costly . Group life insurance benefits are among the most affordable benefits on the market . One of the best reasons I know is according to LIMRA 70 % of hard working Americans admit if they died today , their family would be in financial trouble because of being uninsured or underinsured . It is just good business . "}
{"input": "What Is Long Term Care Insurance Program? ", "output": "The Long Term Care Insurance Program you may be referring to is the Federal Long Term Care Insurance Program . It is a program that provides group long term care insurance to federal employees , US Postal Service employees and annuitants , active and retired members of the uniformed services , and their qualified relatives . "}
{"input": "What Kind Of Health Insurance Does The Military Have? ", "output": "Active military and National Guard are covered by TRICARE , a health care program for service members and their families around the world . TRICARE is the major part of the Military Health System , a system that utilizes combined resources of military hospitals and clinics with civilian health care networks , as well as a combination of different coverage options depending on where the person is currently stationed . TRICARE coverage does meet the requirements for having minimum essential benefits as called for under the Affordable Care Act . "}
{"input": "What Is Ipa Health Insurance? ", "output": "An IPA is an `` Independent Practice Association '' ... a group or association of doctors within a geographic region . So if you have a health plan through a specific IPA , it 's an HMO in that you receive all your care within that IPA and you generally have a PCP -LRB- primary care physician -RRB- . If you pick an IPA , make sure you 're happy with your primary doctor -LRB- although you can change primaries -RRB- and be sure there are lots of speciliasts in the group , PLUS ... check the list of hospitals in the IPA to be sure you 're comfortable with those that are included . "}
{"input": "What Type Of Home Care Does Medicare Cover? ", "output": "Medicare is very limited on what it will pay for home care or any other type of long term care . Medicare will only pay for skilled care after a hospitalization of three days not counting day of admission . It will pay for an Occupational or Speech Therapist , a nurse , and other very limited services in the home on a very temporary basis . Do not rely on Medicare for your Long Term Care needs . "}
{"input": "What Is Covered With Disability Insurance? ", "output": "What is covered with Disability Insurance ? Your income . Disability insurance is paycheck insurance driven by a simple definition `` the ability to work at your own occupation . '' Does n't matter if you get sick or hurt while covered . The other aspect of good disabilty insurance is you 're still covered even if you can only work half time or in a limited way that reduces your income . "}
{"input": "What Is Covered With Disability Insurance? ", "output": "Full coverage disability covers accidents on and off the worksite . It also covers periods of sickness . It can also cover specific vocational skill sets like a medical doctor who also is a plastic surgeon under owner occupation terms of the disability policy . Some disability policies have certain nuances in their policy definitions that could be unique to your situation . "}
{"input": "Can You Drop A Dependent From My Health Insurance? ", "output": "You can easily drop a dependent from your exiting policy by contacting the carrier and requesting they come off . You should however have a back up plan to keep the dependent insured without a gap in coverage . With different family dynamics , it 's common to drop one child off of a plan for various reasons . "}
{"input": "How Does Supplemental Life Insurance Work? ", "output": "Yes , supplemental life insurance works . Where it is different is in cost , underwriting and portability . First the easiest thing to comprehend about premium pricing is the more questions the cheaper the cost . Fewer questions asked ? the higher the premium . Cost usually on supplemental life is more expensive because they ask fewer questions -LRB- underwriting -RRB- of the insured . IF you are of reasonable good health , it usually better cost wise and policy wise to seek an individual policy where your good health is rewarded by a lower cost to you . "}
{"input": "Will Medicare Help Pay For Lift Chair? ", "output": "I believe Medicare can help pay for a lift chair , if there 's a medical necessity -LRB- for those with severe hip or knee arthritis , or a neuromuscular disease , and can not get up from a seated position to stand on their own -RRB- , as a type of durable medical equipment -LRB- DME -RRB- under your Medicare Part B insurance . Part B would pay 80 % of the cost and you would be responsible for the remaining 20 % . I 'd recommend calling Medicare to get more specific input . "}
{"input": "How To Claim A Life Insurance Policy? ", "output": "Each insurance company has there own process however they are similar to each other . You will have to ask for a claim request form . A local agent should be able to help . You will also need the death certificate showing cause of death . Once verified , the insurance company should release the death benefit within a few days . Be sure to follow up through the process . "}
{"input": "What Does Medicare As Secondary Cover? ", "output": "Having two health insurance programs generally happens when a person is eligible/signed up for Medicare Part A -LRB- premium-free -RRB- , but is still working and has group health insurance coverage through their employer . When this happens and the group coverage pays first and Medicare pays second , the group coverage will pay its share and whatever the balance is will go through the Medicare 's claims department - Medicare will pay their share up to the Medicare-approved amount . You will be responsible for paying any remaining balance after that . Most of the time if you 're paying for Medicare Part B , you 're not going to be paying for group coverage as well - you would either have group coverage + Medicare Part A or Medicare Part A + Part B . If you 're on Medicare Parts A & B , I highly recommend adding a Medicare supplement -LRB- Medigap -RRB- policy to help cover the gaps in coverage provided by Original Medicare -LRB- Parts A & B -RRB- . "}
{"input": "Can Roommates Share Renters Insurance? ", "output": "Most renters policies identify a primary insured . A secondary insured -LRB- roommate -RRB- can also be named . The payment for the policy can be handled any way that the customers desire . There are certain legal privileges extended to the primary insured . "}
{"input": "Does Medicare Part A Cover Ambulance Service? ", "output": "Ambulance services would be covered under Medicare Part B , not Part A - the ambulance services would be covered in emergency situations and other means of transportation are unavailable/endanger the health of the individual.The ambulance must take you to the nearest medical facility -LRB- generally a hospital -RRB- that can provide you care . In some instances , you may be able to get covered ambulance transportation in a non-emergency situation if you meet certain conditions -LRB- e.g. your doctor deems its medically necessary , traveling to a medical facility by other means would put your health at risk - you may want to check with Medicare to get full specifics on what conditions are required to be covered in a non-emergency setting where transportation by ambulance is needed -RRB- . Please feel free to contact me if you have any otherquestions . Thanks very much . "}
{"input": "How Much Is It For Life Insurance? ", "output": "How much life insurance costs depends on a number of factors including your age , health , smoking status , `` dangerous '' hobbies , etc. . There are many online quoting services where you can check out the rates for different types of insurance . For your specific needs , working with a independent insurance broker , who has access to several companies can help you get the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . . "}
{"input": "How Much Is It For Life Insurance? ", "output": "Life insurance costs vary according the age and health of the applicant -LRB- among other factors -RRB- , and also according to what type of life insurance policy you purchase . If you just want something that will last a few years and not build up any cash value , the cost of the policy will be much less than if you want to use the policy as a source of cash and protection until death . Discussing your options with a licensed agent will help you determine what type of policy or policies to get , and what the cost will be . "}
{"input": "When Is The Next Open Enrollment For Medicare? ", "output": "The next open enrollment for Medicare is October 15 to December 7 , 2013 . This is the fall open enrollment for 2014 . At this time you can change your Medicare plan , pick a new Medicare Advantage Plan , or pick a new drug plan . Call 800-MEDICARE for advice and information on what you would like to do during the next open enrollment period . "}
{"input": "What Is Dwelling Amount For Homeowners Insurance? ", "output": "The dwelling amount should be the dollar amount that home is covered for . This amount is what would be paid to rebuild your home in the event your home is deemed a total loss due to a covered loss . Remember every policy is different . Please read your policy completely to understand the coverage provided and the exclusions contained within . Or , you call your local agent and have them go over the policy with you . "}
{"input": "Which Short Term Health Insurance Is Best? ", "output": "Short-term health insurance is the cheapest type of medical coverage available to individuals and families . Rates are typically 40 % -75 % less than conventional coverage , although you can not receive a federal subsidy and temporary plans are not ACA-compliant . Also , pre-existing conditions are not covered . As an experienced broker , we help consumers with their short-term policy comparisons each day . Our top-rated websites allow customers to view rates in moments , and easily apply online for coverage . Comparing and finding the cheapest prices takes less than two minutes . Typically , within 24 hours , you are approved for a period of 1-12 months , depending on which time-period you selected . Often , UnitedHealthcare , Blue Cross and a few smaller carriers offer the most competitive rates . Underwriting is simple , consisting of a short application , but no physicals and few medical questions . "}
{"input": "What Happens To My Variable Annuity If I Die? ", "output": "All annuities are legal contracts . A feature of an annuity is that it designates a beneficiary . As an annuitant you select who any money owed you should be sent upon your death . Reviewing these designations is extremely important . If your beneficiary and contingent beneficiary predecease you , proceeds will then be paid into your estate and distributed by the probate court . "}
{"input": "What Happens To My Variable Annuity If I Die? ", "output": "That is a great question ! Depending upon how you set your annuity up at the beginning , your annuity will either continue paying your spouse , go to whomever you named as a beneficiary -LRB- or to your estate -RRB- , or to the company . If you chose lifetime payments , they stop when you do , and anything left in the account goes to the insurance company . If you chose income for a guaranteed period , it pays for that period , or until you pass , and the balance goes to your beneficiary . If you chose lifetime period certain , then the payments are guaranteed to last a certain number of years , even if you pass -LRB- the payments continue to your beneficiary -RRB- , and then stop at the end of the specified period . If you chose joint and survivor , the payments continue until you both have passed , and whatever is left goes to your beneficiaries . Complicated ? A little bit , that 's why a good agent or advisor is needed . I hope that helps , thanks for asking ! "}
{"input": "What Does Basic Renters Insurance Cover? ", "output": "A renters policy is essentially a homeowners policy that does not cover the structure . It has two basic coverages , Property Coverage which is designed to make you `` whole '' -LRB- within the definitions of the policy -RRB- should you have a `` covered loss '' and suffer economic loss in excess of the deductibleas a result . It also covers personal liability for bodily injury or property damage that the renter is liable for by law . "}
{"input": "Is Long Term Care Insurance The Same As Life Insurance? ", "output": "Long Term Care Insurance pays for bills incurred by the extended need for health care and/or assistance when people become unable to take care of themselves due to chronic illness or advanced age . Long Term Care benefit payments are made to them while they are still alive , so that they can pay their medical/housing bills . Or the payments go directly to the providers of such care -LRB- usually , a nursing home -RRB- . When the insured person passes , the need for the coverage and the policy payments end . Life Insurance pays the death benefit when the insured person passes away The face amount of the Life Insurance policy is paid to the beneficiary rather than the Insured person . However , some life insurance policies do have riders or living benefits that allow part of the face amount to be used while the Insured is alive but terminally ill , unable to care for themselves , or a few other reasons . These hybrid policies can cover both purposes . "}
{"input": "Is Long Term Care Insurance The Same As Life Insurance? ", "output": "No , Long Term Care insurance is not Life insurance . And Life insurance is not Long Term Care insurance . Both are insurances but neither one is car insurance either . Each are insuring different events . Long Term Care insurance provides for money to help pay for care provisions in the event that the insured requires medical and or personal care for an extended period of time due to illness or injury resulting in their inability to perform certain tasks for themselves . Most life insurance companies now make available a provision or `` rider '' to Life Insurance Policies that will pay up to a large percentage of the death benefit for long term care . And generally speaking a LTC rider is a lot less costly that a stand-alone LTC policy . "}
{"input": "Is Long Term Care Insurance The Same As Life Insurance? ", "output": "No , they serve two different functions . That being said , some life insurance policies have available a long term care rider that will pay the premium or allow access to a percentage of the death benefit if a person is unable to perform certain activities of daily living and need some type care . These plans are relatively new and are becoming increasingly popular . While most are not quite as good as a true long term care policy , they do present a good option if traditional Long Term Care Insurance is not affordable . "}
{"input": "Can You Own A Car Without Insurance? ", "output": "You can , sure , but in most states , insurance of some sort is required in order to register it and drive it on public roads . Normally , states require a certain minimum level of liability coverage and proof there of in order to process a registration . Your insurance professional will be able to help you understand your state 's regulations . "}
{"input": "What Does A Retirement Plan Record Keeper Do? ", "output": "A Retirement Plan Record Keeper records the monthly allocations made to the individual accounts and enables the current values in the accounts and most importantly the IRS requires specific forms have to filed at the end of the year and the Retirement Plan Record Keeper files thoe required forms to assure that the IRS does not disqualify the Retirement Plan "}
{"input": "When Can I Enroll In Medigap? ", "output": "Most people will enroll in a Medigap -LRB- Medicare supplement -RRB- plan when they first become eligible for Medicare . Most carriers require you to have Medicare Part A and Part B in effect before they will issue a Medigap plan . Even if you buy a Medigap plan that does not require you to have Medicare Part B , your supplement plan will pay AS IF you had Part B. "}
{"input": "Why Are Life Insurance Claims Denied? ", "output": "Life insurance companies issue contracts . There are requirements for the company and there are requirements for the customer . If the customer commits suicide in the first couple of years most companies can , by contract , deny the death benefit . If there has been an attempt to defraud the company the claim can be denied . Very few claims are denied . Law suits often accompany a denial . "}
{"input": "Why Are Life Insurance Claims Denied? ", "output": "In addition to the excellent explanations offered by the other agents on this page , life insurance claims are sometimes denied due to the nature of the policy . If you purchase a graded policy , it will pay a reduced benefit for death due to natural causes during the first 1-4 years . With that type of policy , death due to accident will usually pay 100 % from day one . Sometimes accidental death is actually caused by a health condition -LRB- e.g. heart attack while driving a car -RRB- . When the claim is denied , it can come as a surprise because survivors were not aware that the policy was a graded during the first two years , and/or that the root cause of death was determined to be natural vs accidental . The same is true for people who think they are buying life insurance , when they are actually buying accidental death insurance . You need to be very careful about what type of policy you are getting so that your claim is not denied simply because you purchased the wrong type of policy . A final , common reason for denial of claims is late premium payments . In our office , we spend a lot of time each week reminding people whose policies have entered the grace period , that they need to pay their premium or lose their coverage . But many agencies due not send reminders , and it is easy to lose track of addresses , phone numbers , and email address of clients because people change those frequently in today 's society . At the very least , keep your address up to date with the insurance company so that you will receive any late notices and keep your policy in force for the time of need . "}
{"input": "Why Are Life Insurance Claims Denied? ", "output": "When a claim is denied , it 's usually because the death occurred within the first 2 years of the policy -LRB- known as the contestability period -RRB- and it 's discovered the applicant intentionally lied on the application to get the coverage or the insured person committed suicide . Once the contestability period expires , however death occurs , the policy will pay out a death benefit . Other situations where there may be a payout may be denied is if death occurred form an act of war or there was an exclusion rider on the policy -LRB- e.g. aviation exclusion for recreational pilots -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "Why Are Life Insurance Claims Denied? ", "output": "Life insurance claims are usually not denied , especially if the policy has been in force for over 2 years . If a policy has not been inforce for two years , a claim may be denied for a material misrepresentation of fact . Which means you did not disclose fully something that could have affected the underwriting of the policy . Not declaring you were a smoker for example . Or if death is by suicide the claim will be denied if within 2 years -LRB- In Canada -RRB- If the policy is over 2 years old the insurance company has to prove fraud which is difficult to prove . If the policy contains exclusion such as death while skydiving , no coverage for that event . If you have any further questions , or feel I could be of assistance , please do not hesitate to contact me . "}
{"input": "How To Hedge Variable Annuities? ", "output": "Fixed Indexed Annuities are a great hedge against inflation and a powerful bond substitute because they eliminate daily principal risk . Many newer fixed annuities provide an option linked to Gold which further hedges the risk of purchasing power being reduced as well which is an inherent risk of any annuity especially in the distribution phase . "}
{"input": "Who Benefits From Whole Life Insurance? ", "output": "There are multiple parties that benefit from whole life insurance . It benefits the insured because whole life insurance builds cash value and earns a guaranteed interest rate . It also helps the insured sleep well at night knowing that in the event of premature death , his beneficiary will receive a death benefit . The insured can also take a tax-free policy loan out of the cash value since whole life is one type of cash value accumulating life insurance . The most direct benefit of whole life insurance is the death benefit payable to the beneficiary tax-free upon death of the insured . "}
{"input": "Who Benefits From Whole Life Insurance? ", "output": "In addition to the wonderful answers given by Carl , I would add that people who are looking for permanent coverage also benefit from whole life insurance . Whole Life stays in effect for your `` whole life '' , whereas Term Life only stays in effect for a `` term '' of a your life . So anyone who wants to use their life insurance for funeral expenses , passing their inheritance to their children , giving to a charity , or other purposes that will not go away after a `` term '' of time , can benefit from Whole Life insurance . "}
{"input": "Who Benefits From Whole Life Insurance? ", "output": "We who purchase whole life insurance consider our beneficiaries as the ones who ultimately benefit . However , there is a vast pool of people who benefit . They are the other people the company insures because you shared youre their risk . Of course the company and its employees benefit for administering the policy . Ultimately the economy of the country benefits as mortgages are let , loans are made and people have money in retirement . "}
{"input": "Does Life Insurance Cover AD&D? ", "output": "Life insurance does cover the AD of AD&D , which is accidental death . It does not cover the final D , which is dismemberment , unless there are living benefits built into the policy , or perhaps by virtue of a critical illness or disability income rider . Life insurance without living benefits only pays out the face amount upon death , although money can be borrowed from the cash accumulation within Whole Life or Universal Life , "}
{"input": "Does Life Insurance Cover AD&D? ", "output": "AD&D stands for accidental death and disability . All life insurance policies will cover accidental death and most cover all causes of death . Most life insurance policies do not cover disability . However with some you can take out a rider on the life policy to pay a benefit to pay in the event of you becoming disabled . "}
{"input": "Does Life Insurance Cover AD&D? ", "output": "A life insurance may have an Accidental Death Rider that would cover AD&D but not all policies have this rider . It will still pay for accidental death if it does not have this rider but not dismemberment -LRB- loss of limb , etc -RRB- . If you want Accidental Death and Dismemberment then make sure your policy has this rider or purchase a separate Accident policy . "}
{"input": "Is Birth Control Covered By Health Insurance? ", "output": "Great question , Contraceptives are normally covered by mayor medical , normally there is co-pay or cost involved . However to be totally sure , call your insurance company or take a look in your summary of benefits . You can normally get a summary of benefits booklet mailed or emailed to you from the insurance company . "}
{"input": "Is Globe Life Insurance Legit? ", "output": "Globe Life and Accident Insurance Company began in 1951 in Oklahoma City Oklahoma and is a subsidiary of Torchmark Corporation . The company has more than 66 billion in force . In 1972 , Globe Life created Employee Services Division to service the Government organizations . It is one of the largest direct to consumer insurance companies in the U.S. . "}
{"input": "How Does A SEP Retirement Plan Work? ", "output": "A simplified employee pension program is based on an IRA . However , since it is sponsored by the employer the limit for contributions is much higher -LRB- 25 % of compensation up to $ 52,000 . -RRB- Each participant has a separate account . There is a minimum contribution for each SEP participant of $ 550 . For additional information contact a life insurance agent that specializes in retirement programs . "}
{"input": "Where Should I Keep My Car Insurance Card? ", "output": "If you are in a mandatory insurance state , a currently datedinsurance ID should be kept in the car . If a driver of the car is stopped by law enforcement and can not provide proof the vehicle is insured , there will likely be a fine assessed the driver . If you do n't have current ID , most insurance companies provide internet access to obtain one or your insurance professional can send you one . "}
{"input": "Can You Claim Acupuncture On Medicare? ", "output": "No , acupuncture is not a medically approved expense by Medicare . You can not claim acupuncture on Medicare because the Centers for Medicare and Medicaid Services -LRB- CMS -RRB- has classified it as an Alternative Therapy , and Medicare will not pay for Alternative Therapy . They only reimburse therapies that they feel have been proven effective by scientific standards . "}
{"input": "What Is A Good Rate For Term Life Insurance? ", "output": "A good rate for term life insurance depends on length of the term and how the carrier views your personal health . Each carrier has a different appetite for various risks when it comes to issuing life insurance . It 's tough to know exactly who will be best for a given circumstances of medical history , but any good agent should be able to easily match you up with the appropriate company to give you the best rate . There are also online resources that you can use to analyze your health and try to determine which companies are best suited for you , but caution should be used in this approach as there may be certain vernacular that is difficult for a layperson to navigate . "}
{"input": "What Is A Good Rate For Term Life Insurance? ", "output": "Term life insurance is generally offered in five year increments :5 , 10 , 15 , 20 or 30 years -LRB- based on age . -RRB- So the guaranteed period of coverage has it 's own price tag . Even your behavior has a price tag like motor vehicle violations , dangerous recreational activities and hazardous vocations . But the big premium factor is your gender , age , smoking status , health history and current medical condition . Your rate depends on this laundry list . "}
{"input": "Can I Get Health Insurance If I Donate A Kidney? ", "output": "Yes , you can still get health insurance . The Affordable Care Act -LRB- ObamaCare -RRB- requirements that do away with medical underwriting and make policies guaranteed to be issued and prohibit pre-existing condition exclusions , rate-ups and/or waiting periods from being applied to health insurance policies should guarantee you access to coverage . Having donated an organ or being on a waiting list to donate an organ can not be taken into consideration . "}
{"input": "Why Is Universal Life Insurance Bad? ", "output": "No product is bad it just depends on what your needs are . What you are trying to cover or accomplish , It might be bad for you , if you are looking for more guarantees . Universal life policies involve you managing the policy . If you can not find your policy then you should not have a policy you need to manage . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "Why Is Universal Life Insurance Bad? ", "output": "Every insurance plan available in the market serves a purpose so you ca n't really say one is `` bad , '' each type of plan just has to be used in the right way . Certain programs are designed to meet certain needs . You 're not going to find one plan that meets every possible need you can think of . Universal life and whole life are two types of permanent life insurance - universal life has a lot of advantages to it that you wont find in whole life . One of the major parts of permanent programs to remember is cash value . However , many individuals do not realize that when the insured dies , the carrier takes back the cash value and pays out the death benefit . Whole life is generally going to be much more expensive than Universal life because of the guarantees inside the policy . Whole life can be a great tool for retirement planning , providing coverage for new borns , and other financial planning when you 're buying in your younger years , but can be very expensive in your older years . Universal life does not provide the same levels of guarantees inside the policy with regards to the cash value . The trade-off is the ability to secure lower premiums for the same amount of coverage and create flexible premiums . Whole life has been around for decades and decades . When universal life was first introduced into the marketplace -LRB- I believe around the 1970s -RRB- , if the cash value dropped to $ 0 , your policy would crash and not provide you with coverage unless you paid more into it . Around the late 90s/early 2000s , carriers started introducing what 's called a `` no-lapse UL rider . '' In short , these riders said that if the cash value goes to $ 0 , but you keep paying your premiums , the policy will still provide the death benefit coverage . The majority of universal life policies today will have this rider , now commonly known as Guaranteed Universal Life -LRB- GUL -RRB- , and can be structured to keep the premiums and death benefits fixed and guaranteed for life or up to a specified age -LRB- e.g. to age 90 , to age 95 , to age 100 , etc. -RRB- . The idea being to maximize your death benefit without overpaying premiums . Contact an independent insurance agent/broker to learn more about these two products and which will be more suitable to your needs . If you 're buying strictly for the death benefit , you will likely want to look into a GUL policy . "}
{"input": "Why Is Universal Life Insurance Bad? ", "output": "Why is universal life insurance bad ? Hmmm . It all depends . Do you want the lowest possible rate for temporary coverage ? Maybe 10 or 15 or 20 or 30 years ? Buy some term insurance . Universal life will be more expensive . But of course , the renewal premium could be sky high . Do you want very significant cash accumulation , on both a guaranteed and a non - guaranteed basis ? Buy whole life insurance . Universal life probably wont give you the same numbers . But of course , you pay extra in premium for those guarantees . And it is a fixed-premium product , so you better keep paying . Then again , perhaps you want flexibility on the payment premium schedule . Perhaps you want to put in more money . Or maybe put in less money . Or maybe skip a payment . You can do all this with universal life insurance . Just make sure you know what you are doing so the policy still performs as expected . Maybe you want to lock in to a premium for the rest of your life and not have to worry about the price ever going up . But you dont want to pay an arm and a leg for the coverage . You could buy universal life insurance with a lifetime guarantee . You wont accumulate much cash , but hey , you will have saved a ton of money in premium , as compared to whole life . Lets say you have a chronic medical condition which could pose a higher mortality risk . But you still want to save money on the cost . Perhaps an insurance company will give you a concession on the price ? Could they do that with term insurance ? No . Could they do that with whole life insurance ? No . Could they do that with universal life insurance ? Yes , there is a very good chance they could . Its called table shaving . Its a perk that has saved people a lot of money . What do you think is bad about the product ? Want to learn more ? Read my blog : planrisklive.com "}
{"input": "Why Is Universal Life Insurance Bad? ", "output": "That is a great question ! I believe that any life insurance is better than no life insurance , so even a universal policy can be a good thing . That said , am I a big fan of them ? No , I 'm not , and here 's why . Term and whole life policies are very simple , straight forward policies . You pay a set premium , at set times , and the end date is clearly defined as the end of the term , or when you pass . Universal policies are not so clear , and often lead to trouble for the buyer , if they are not clearly shown what has to happen for this type of policy to work . There are many moving parts , and this type of policy is not one that you can buy and throw into your drawer and forget about , unless you like surprises . If you would like to see if this policy would be a good fit for you , please feel free to contact me , and we 'll go over it . Thanks for asking ! "}
{"input": "What Is Social Security Life Insurance? ", "output": "Social security pays a lump sum death benefit of $ 255 to your next of kin to help defray the cost of burial . The processing of this is traditionally handled by the a funeral home . You can also contact the Social Security Administration yourself to begin to the process of the claim . "}
{"input": "What Does Health Insurance Cost In California? ", "output": "The prices can range anywhere from a thousand dollars a month to free . It depends on just a few factors : Your age , your zip code , the covereages you want , and your income . Here 's a great video I put together on how to shop for health insurance . Copy and paste the link in to your browser . WEBSITELINK "}
{"input": "What Does Health Insurance Cost In California? ", "output": "The cost of insurance will vary with the different insurance companies and each will take into consideration your zip code , age , and income if applying for Covered CA . Also , keep in mind the higher the deductible the lower the premium , the lower the deductible the higher the premium . Although you can search the internet for a quote , it 's always best to talk to an insurance broker and review the best options that suits your needs . Do n't let March 31st go by without enrolling into a health plan and end up with a penalty . "}
{"input": "What Does Health Insurance Cost In California? ", "output": "It depends on what your looking for in the coverage and the deductible . The more coverage , the more it costs . The lower the deductible the more it costs . Under Covered California depending on your income you might qualify for subsidies to help make your policy more affordable for you while providing you multiple coverage options . It 's best to speak to an agent to determine what your options might be . "}
{"input": "What Does Health Insurance Cost In California? ", "output": "The cost of insurance will vary with the different insurance companies and each will take into consideration your zip code and age . Plan price points are based on the benefits sokeep in mind the higher the deductible the lower the premium , the lower the deductible the higher the premium.The plansthrough Covered CA and the off exchange plans are the same with the same prices . The only reason tobuy a Covered CA plan is for the premium subsidy or cost sharing reductions . "}
{"input": "How Much Is A Renters Insurance For Apartments? ", "output": "Based on my experience and within my geographic area ; I have seen renters insurance cost as little as $ 7/mo . Renters insurance rates could vary greatly depending upon the carrier , coverage , and other factors used to determine the rate . Renters insurance is a very low cost type of insurance for the coverages provided to the insured in the event of a loss . "}
{"input": "Is Participating Whole Life Insurance A Good Investment? ", "output": "Video Transcript : Hello everyone I 'm Steve Savant syndicated financial columnist and host of the weekly online talk show : Steve Savant 's Money The Name of the Game . I 'm answering questions from insurancelibrary.com , and my question today is : is participating whole life a good investment ? Well , many people feel like this is more of a saving technique rather than an investment . It uses interest rates . It 's a dividend participating company , especially if it 's PAR . They 're going to actually give you a dividend every year . Part of that is just a return of unused premium and also part of their earnings on their portfolio . If you use the base policy the guaranteed cash values are the guarantees you have . So if you 're into guarantees and you do n't like risk and you do n't mind long haul investing and long haul savings which this product is perfect for , this could be something you may want to look at because that money could come out in withdrawals to bases and policy loans to gain depending upon how it 's set up . That could come out tax free and be huge as a supplement or retirement alternative . Well , that 's our consumer question for today . If you have any questions just submit them to www.insurancelibrary.com "}
{"input": "How To Apply For Health Insurance? ", "output": "You can apply through the healthcare.gov website . However , I STRONGLY urge you to apply for your coverage through an independent health insurance broker to make sure your application is processed and your policy placed in force properly - especially considering all of the issues the healthcare.gov website has had in it 's first year under the affordable care act . A health insurance broker broker can help you compare the plans and work with you on a personal level to help determine which health plan will be most suitable to your specific needs and budget . Please note , you can only apply for health insurance during the annual open enrollment period unless you have a qualifying event for a special enrollment period -LRB- e.g. getting married , having a baby , coming off of group coverage , etc. -RRB- "}
{"input": "Does A Spouse Have To Be The Beneficiary Of Life Insurance? ", "output": "No - You can name ME as your beneficiary ... . hehehe In order to buy life insurance on someone , you have to have an `` insurable interest '' ... I ca n't buy life insurance on just anyone . There has to be a connection that would harm you financially should the person pass away . Examples are your spouse , kids , other family if you have a financial interest in something together , a business partner , someone you loaned $ $ to , etc. . I bring up insurable interest because in these cases , you , or someone else facing a financial loss due to the persons death , has to be the beneficiary . Now ... if you buy life insurance on yourself , you can pretty much name any person or legal entity as the beneficiary . Leave the funds to a spouse , kids , your favorite non-profit , or to me ... Ok . Not me . So the answer of `` who can be the beneficiary '' all depends on who the insured is , the owner of the policy , and what the connection between everyone involved . have more questions -- Reach out ! - gravy "}
{"input": "Does A Spouse Have To Be The Beneficiary Of Life Insurance? ", "output": "Though very common to name your spouse as beneficiary to your personal life insurance policy when designed for your family 's financial security , there are other situations that call for life insurance where this might not be the case . For example , if you are a partner in your business with another person , each of you may set up a cross purchase arrangement in the event that either of you die . These can be secured by the purchase of a Life Insurance policy for each of you and in a case like this , you would name your business partner as beneficiary and your partner would name you . "}
{"input": "Does A Spouse Have To Be The Beneficiary Of Life Insurance? ", "output": "No . A spouse does not have to be the Beneficiary of a Life Insurance Policy . It can be anyone that has what is called an `` Insurable Interest '' in the person being Insured . In otherwords , it is supposed to be someone who could possibly suffer a financial loss if the Insured were to die . This could be most any family member , a close friend , or even a business partner . "}
{"input": "Will Home Insurance Cover Termites? ", "output": "Homeowner policies generally exclude damage arising from '' ... birds , vermin , rodents , insects or domestic animals . '' Since termites are insects I would saytheir damage isNOT covered . However the policy language of your policy is the deciding factor . I hope I 've answered your question . If not , feel free to call , fax or email me . Kevin P. Foley , CPA , CPCU PFT&K Insurance Brokers T 877-414-2031 F 877-405-3025 E kpfoley -LSB- at -RSB- kpfoley -LSB- dot -RSB- com W www -LSB- dot -RSB- kpfoley -LSB- dot -RSB- com "}
{"input": "Which Health Insurance Is Best For Federal Employee? ", "output": "Unfortunately there is no simple answer to your question . Federal employees have a wide variety of health insurance plan options made available to them at every Federal open enrollment season and these options vary depending upon the employee 's geographic location . My spouse is a Federal employee so I get stuck with reviewing the options for our family every year . As every person 's health care situation is unique , their financial resources vary and you may have a choice ranging from HMO 's to high deductible Health Savings Account based plans there simply is no one size fits all answer . If you have a strong preference for certain doctors , hospitals and pharmacies then determining which plan options have these providers in-network will be a good starting point . Next you will want to examine the cost sharing arrangements in the plans that have the providers you like . This is where looking into the plan 's deductible , co-insurance and out-of-pocket maximum financial exposure plus any doctor and prescription copayment features comes into play . And , last but certainly not least , will be whatthe monthly premiums are for the finalist plans that have met all your other criteria . I wish I could make life simpler for you and just say choose Plan X but the Federal Government has gone to great lengths to provide its employees lots of plans to choose from at different price points so it really defies any simple answer . Kind of like if you asked me what car would be best for you and I said a Prius only to find out you need to tow a 24-foot boat to the lake every weekend - the Prius would get you good gas mileage but might not even pull that boat out of the driveway . "}
{"input": "Is Lifeline Covered By Medicare? ", "output": "Medicare does not cover medical alert systems , even if you have a doctor 's note / prescription . Most insurance companies wo n't cover them either . Some states may have their own programs that will help provide financial assistance for medical alert systems - certain criteria may be required to be met before the financial assistance can be provided however . "}
{"input": "Does My Renters Insurance Cover Theft? ", "output": "Talk to your Insurance professional , but in most cases , modern Renters Insurance Policies do include theft as a covered peril , yes . Now , there may be policy limits included that you need to know about . In some cases , companies can settle covered theft losses on certain things , like camera equipment for example , based upon a stated `` inside limit '' listed on your policy 's declaration sheet . Further , your personal property may be covered outside your home -LRB- while on vacation or in your car as two examples -RRB- but only up to a stated maximum of 10 % of the total Personal Property coverage amount . "}
{"input": "How Do I File A Claim With Medicare? ", "output": "Medicare claims are handled electronically by medical providers . I have never seen a paper claim form for Medicare and doubt if it exists . All providers that treat Medicare beneficiaries are requried to file claims with Medicare . It does not matter if your provider accepts assignment or not . They must still file the claim on a timely basis . "}
{"input": "Can You Have Multiple Life Insurance Plans? ", "output": "Yes , you can have multiple life insurance plans . In fact , if you have some short term needs -LRB- such as getting your children through college -RRB- and some long term needs -LRB- such as funeral expenses -RRB- , having a combination of Term and Permanent policies may be most comprehensive and cost effective . The only limit to life insurance is that you financially qualify for the amount of coverage you own . There is no limit to the number of life insurance policies you can have . "}
{"input": "Will Medicare Pay For Smoking Cessation? ", "output": "Medicare will not pay for smoking cessation products such as nicotine substitutes -LRB- Nicorette gum , nicotine patch , etc -RRB- , and Medicare will not pay for pills that reduce the craving to smoke . But Medicare will pay for up to 8 face-to-face smoking cessation counseling sessions with a qualified Medicare doctor during a 12 month period . "}
{"input": "Which Is The Best Life Insurance To Buy? ", "output": "There are many types of life insurance available in the market place today . There is annual renewable and guaranteed level term life insurance . Permanent life insurance has two actuarial policy platforms : participating whole life insurance and current assumption universal life . Universal life has three basic crediting methods : interest rate , index and separate equity/bond sub account performance . When considering the purchase of life insurance , you should explore life insurance spreadsheets from the brokerage community are an excellent starting place to explore the life insurance company that best suits your financial profile , risk tolerance and economic goals . The spreadsheets are divided into two macro categories : Term Life Insurance and Permanent Life Insurance . "}
{"input": "Which Is The Best Life Insurance To Buy? ", "output": "The best and cheapest life insurance is the policy that is in force the day that you die . It is extremely rare that you would ever pay more for a policy than the death benefit . Regardless of its price the one that expires prior to your death hasnt any benefit and so its cost is quite high . The best life insurance to buy is one that will meet all of your obligations , fulfill all your dreams and provide a comfortable transition to those that you love when you pass away . "}
{"input": "Which Is The Best Life Insurance To Buy? ", "output": "Which is the best life insurance to buy ? The answer depends entirely on your situation and need . If your need is short term , say 10 to 20 years , then term life may be the best choice to make . On the other hand if you 're looking to insure for a lifetime -LRB- 20 + -RRB- term is really a poor choice as the costs rise to a point where maintaining the policy becomes too difficult . Whole life is a better choice if that is your goal . "}
{"input": "When Should You Stop Buying Term Life Insurance? ", "output": "You should stop buying term life insurance once your financial goals are met . If you are debt free , no loved one depends on your income , or your business would thrive without you , then it is probably time to stop buying term life insurance . It may also be time to consider either converting or purchasing cash value life insurance to protect your insurability and to have the flexibility to use the cash value funds for other things such as retirement or an unforeseen critical illness . "}
{"input": "Does Private Health Insurance Cover Ct Scans? ", "output": "As a general rule health insurance does cover CT scans . It may be listed under your `` xray section '' of the policy . If your membership card has a customer service phone number you should be able to call the company and givee all your policy information and the details of the scan and they can tell you what is covered "}
{"input": "Does Health Insurance Cover A Sports Injury? ", "output": "In most cases , yes . Your health insurance plan will cover a sports injury . Exceptions would be professional sports and some organized sports . Professional sports should be self explanatory . Examples of organized sports include avocational interests such as competitive dirt bike or off-road racing . Competitive ski events are another situation where your health insurance coverage could deny a claim . "}
{"input": "What Age Should You Buy Long Term Care Insurance? ", "output": "It is best to buy long term care insurance by age 60 in order to avoid some of the health conditions that start showing up more frequently after age 60 . If you have certain high LTC risk conditions in your family , such as stroke , cancer , diabetes , Alzheimer 's or arthritis , you may want to apply even earlier . "}
{"input": "What Companies Will Issue Life Insurance To The Mentally Ill? ", "output": "None that I know of will underwrite a mentally impaired person . It goes back to basic contract law and both parties being of sound mind to contract together . In fact when dealing with seniors these days an agent must be sure the senior is of sound mind when doing any financial work . Often , a agent will include family members of the client in the discussion . Dementia is something that can come on quickly and courts have ruled against agents who may have sold products to seniors who not much later on , suffered from dementia . "}
{"input": "What Companies Will Issue Life Insurance To The Mentally Ill? ", "output": "People with many forms of mental illness can get life insurance . Bear in mind that this term can cover a wide range of impairments . I know firsthand that many of them are insurable . A lot of it boils down to the need for the life insurance . Almost anybody can qualify for a burial policy . Depending on the age of the insured , and the state of residence , a number of small policies could be available . Wont cost too much , and gets the job done . But what if you need more substantial coverage ? For example , I worked with a family who had an adult son who is mentally retarded . He was reasonably self-sufficient . He actually worked for his father part-time , and did missionary work first church . He had the skills and personality to go door-to-door and spread his gospel . The insurance company gave us money for not just final expenses , but then some for the family . There was a co-dependence there that was insurable . You can see that people who are mentally ill can establish themselves as a valued member of the group . The members of the group therefore have an insurable interest in them , and deserve money to compensate for their loss . And this could include people with many other impairments . Autism , depression , severe anxiety , PTSD . ADD . OCD . People with any and all of these can be fairly high functioning , and therefore insurable . Dont forget one other important item : planning for people with special needs . Folks with impairments can be functional , but can also remain dependent on their family members . What if those family members die ? Life insurance is needed on on the parents , or responsible siblings , so that the dependent family member can remain self-sufficient . Now , with regard to the choice of carrier : there is not a hot list of companies that take people with mental illness . Potential applicants need to be prequalified to identify the carrier with the most interest in this particular case at this particular time . And that could change from quarter to quarter , or from year-to-year . It is the job of the broker to know which companies like which types of cases . "}
{"input": "How Is Humana Health Insurance Rated? ", "output": "Humana has an A.M. Best rating of A - -LRB- Excellent -RRB- . As a general rule , I recommend all my clients deal with an insurance company rated A - or better . These ratings are not based on customer satisfaction , but are instead based on the company 's finances and their ability to pay any potential claims they may incur . I 've been covered by Humana for the past five years . Compared to other companies , their rate increases tend to be relatively small each year , and I 've never had problems with any claims . "}
{"input": "What Should A Good Home Insurance Policy Cover? ", "output": "That is a great question ! The average policy will cover the structures on the property , home , garage , etc. . It will protect against the ` normal ' dangers of fire , wind , hail and lightning . If you live in an area that is prone to flooding , earthquakes , or hurricanes the coverage for these may be included in a rider , or may need to be purchased separately . The policy will also include some coverage against being sued ; It is usually pretty specific in what it will cover , and for how much . I hope that helps , thanks for asking ! "}
{"input": "What Should A Good Home Insurance Policy Cover? ", "output": "A great homeowners insurance policy will protect you in the case of a law suit arising from personal injury or property damage . Companies have a range of limits and I suggest you adopt the highest possible . The same policy will replace your home and contents completely in the case of a loss from a covered peril . Since earthquake and flood are not covered , your policy should either have an endorsement or separate policy that covers these contingencies . There are internal limits on certain types of property . If you have property in the restricted categories your should increase coverage to maximize recovery at the time of loss . Homes still have water back-up problems and require additional expenses to meet codes when repairs are required . These are also coverages that you should take . "}
{"input": "Does Car Insurance Cover Dwi? ", "output": "If you mean does auto insurance pay for a claim when you had an accident and were charged with a DUI , the answer is yes . I have seen some companies however exclude paying a claim if the DUI was considered a felony . This is usually not the case and the claim is paid . I would say this is about the only silver lining of what comes to follow by a DUI . "}
{"input": "Why Does My Life Insurance Send Me A Letter Every Year Saying The Policy Expires In 2 Years? ", "output": "It is impossible to ascertain what is going on without seeing your original policy and the letters you are getting every two years , but it sounds like you may have purchased a Universal Life policy . The maturity date may have been based on current interest rate and cost of insurance -LRB- COI -RRB- , then either the interest rate went down , or the COI went up , or both . If that is the case , then you may need to increase your premium in order for your policy to be paid up in 25 years . In fact , if you are getting letters saying it is going to expire soon , you may need to increase the premium just to keep it in effect . If you ask them for a current policy illustration , that will show you how long your policy is guaranteed to last with your current premium . It may be that you just need to pay a little extra one month to get your policy back on track . If it truly does need a large infusion of premium to keep it in effect , you will need to determine whether that is worth it . If your husband has excellent health , he may be able to find a permanent policy that is guaranteed not to lapse until the end of his life , without paying a lot more than what he is paying now . If his health has declined , and there are some guarantees in his current policy , it may work out best to just adjust what you have . "}
{"input": "When Do Insurance Companies Write Off A Car? ", "output": "That is going to vary from carrier to carrier . I have been told that if the cost of repairing the vehicle is greater than the valuation of the vehicle -LRB- which is based on a recognized system -RRB- then the carrier may choose to consider the vehicle `` totaled '' and pay up to the vehicle 's value or the policy limits which ever is lessor minus your deductible . "}
{"input": "What Is The Cheapest Car Insurance Out There? ", "output": "The cheapest car insurance out there ? This is a question that I am often asked -LRB- since I 'm a broker with a top car insurance website -RRB- . It really depends on a number of factors including where you live , your age , your driving record etc. . . It could be Esurance . It could be Geico . It could be Progressive or many other carriers . The only way to find out is to provide some basic information and allow us -LRB- or a broker -RRB- to shop for the best rates . "}
{"input": "How Do Health Insurance Companies Make Money? ", "output": "Health insurance companies make money by charging more in premiums than the pay out in claims . The company has to project claims expenses 12 months into the future when setting premium rates . Most plans change premium rates only once per year . The Affordable Care Act requires that insurers spend 80 % to 85 % of premium dollars on direct medical care . If the ratio falls below that figure then the difference must be refunded to policyholders . "}
{"input": "Who Has The Cheapest Renters Insurance? ", "output": "The cheapest renters -LRB- tenants -RRB- insurance is the one that pays the full amount needed when a claim is filed . Anything less is a poor policy . The cheapest policy is the one that comes from an agent that you can trust . With that agents advice you can craft a policy that will provide adequate protection for you . "}
{"input": "Are Bed Bugs Covered By Geico Renters Insurance? ", "output": "I ca n't specifically speak for Geico because I do n't represent them and I have n't read their policies . I can however , speak from 22 years in this business as both a captive and an independent agent with many years of advanced education . There are usually two coverage forms that are used in renters policies , Broad Form and Special Form . Broad Form lists which perils you 're property is insured against and insects are not one of them . Special Form covers everything except what 's excluded and insects are excluded so , in general , no , bed bugs would not be covered . The fact that this question had to be posed here is testament to why you need a good agent . A good agent would be able to answer such a question and , if he/she could n't , they could find out and would get back to you quickly . Be smart , find an agent you can trust . Even if they cost a little more , they 'll save you big dollars in the long run . "}
{"input": "How Can I Join A Group Health Insurance Plan? ", "output": "You would need to get employment with a company or organization that offers group health insurance to its employees . Group health insurance is almost always associated with a person 's place of employment , hence the term `` group insurance '' . While they are increasingly rare , there are some association groups that offer group health insurance to their members so this might be another possible access point to group coverage . "}
{"input": "What Is Mortgage Life And Disability Insurance? ", "output": "Mortgage Life and Disability Insurance pays the lender monthly mortgage payments during a time of disability on the part of the person who is paying off the mortgage . The payments end when the insured person is no longer disabled . It pays the remainder of the mortgage to the lender if the person purchasing the home should die . "}
{"input": "Can I Get Disability Insurance In California If I'm Pregnant? ", "output": "If you are pregnant , it is usually impossible to purchase Disability Insurance that will cover your pregnancy , in California or any other state . Sometimes you can purchase Disability Insurance that will exclude your current pregnancy . California does have government sponsored DI for persons not working for the State , but again , you must get it before you are pregnant . "}
{"input": "Can I Get Disability Insurance In California If I'm Pregnant? ", "output": "There is a pretty good chance that you already have coverage through the state . Private workers are automatically enrolled in the program . Check your pay stubs to see if deductions for SDI -LRB- State Disability Insurance -RRB- have been withheld . If so contact the Employment Development Division for help in filing your claim . "}
{"input": "Does Home Insurance Cover Mobile Phones? ", "output": "Mobile phones are covered under your personal property coverage under your homeowners policies . However they are only insured against the covered perils listed in the policy , and are still subject to your policy deductible -LRB- typically $ 500 or $ 1000 minimum -RRB- , so a claim for just your cell phone is usually not feasible . Furthermore , accidental damage & handling is n't a covered peril under your homeowners policy , along with simply misplacing the item and not knowing what happened to it . "}
{"input": "Is VGLI Term Life Insurance? ", "output": "Yes , VGLI is Term Life Insurance . Veterans Group Life Insurance is renewable for life , with rates going up in five year bands . E.g. . At age 29 , $ 100,000 of coverage costs $ 8/mo . At age 75 , $ 100,000 costs $ 450/mo , at rates set in 2008 . It is able to be converted to a commercial permanent policy , if desired . "}
{"input": "Is Life Insurance Mandatory In Montana? ", "output": "No , life insurance is not mandatory in Montana or any of the other 49 states in the United States . Sometimes , e.g. , BA loans will require purchase of a life insurance policy to cover the loan . But there is no state or federal law requiring the people purchase life insurance . "}
{"input": "How Much Does Disability Insurance Cost? ", "output": "Disability insurance depends on a number of factors . The cost -LRB- your premium -RRB- is based on a number of factors - the most important being your medical history , your job , and your income - and the policies are very customizable . This is a very important type of coverage to have that many do n't think about and not something you want to be cheap about . It protects one of your greatest assets - your ability to work . If you ca n't work because of an injury or illness , how do you provide income for you and your family . The answer ? Your disability insurance . When you 're buying a disability policy , the MOST important factor in the policy structure is the DEFINITION OF DISABILITY . Each policy will use 1 of the 3 definitions : 1 -RRB- True Own Occupation - this says you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation , even if you are at work in another occupation . In short , this is the most favorable definition you can have . 2 -RRB- Modified Own Occupation - this says that you are considered totally disabled if , solely due to injury or sickness , you are not able to perform the material and substantial duties of your occupation . This one is commonly seen in many individual disability insurance policies . 3 -RRB- Gainful Occupation - this says if you are unable to perform the duties of your occupation or any occupation for which you are qualified for by education , training , or experience due to sickness or injury . In short , this is the least favorable definition . This one is commonly seen in group disability insurance policies through an employer and property and casualty insurers that offer disability coverage . There are many moving parts to disability insurance and is not something I would suggest trying to buy on your own - this is a type of coverage you should consult with an experienced independent disability insurance broker about . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much . "}
{"input": "How Much Does Disability Insurance Cost? ", "output": "It truly depends on a few factors . First , the general health of the applicant affects the rating received . Also , the type of work the applicant does also has bearing on what type of coverage can be offered at separate price points . Third , the lenth of time that benefits would be guaranteed comes into play , along with how much of a benefit per month is being sought . Now , different companies weigh all these factors in different ways -LRB- according to what their in-house actuaries conjure up as risk/reward decision points -RRB- , and as such there could very well be a `` band '' of prices offered by different companies for the same person and same set of factors . "}
{"input": "How Much Does Disability Insurance Cost? ", "output": "Some financial planners recommend spending no more than 1-3 % of your income on Disability Insurance . The cost of Disability Insurance does depend on your age and health , though , and those who are older or have signs of worsening health may have a legitimate need to spend more than the recommended amount . "}
{"input": "How Much Does Disability Insurance Cost? ", "output": "Disability insurance costs are based on your annual compensation you want to cover . It is also determined by your gender , age , smoking status , health history and your current medical condition . Other personal items that factor in the premium you 'll pay is vocational hazards , recreational activities and motor vehicle violations . You may pay between 3 and 5 % of your covered annual compensation . "}
{"input": "Where To Find Individual Health Insurance? ", "output": "From me , of course . If you are like most Americans shopping for health insurance is not only about as exciting as watching paint dry but you also find yourself in a world you do n't fully understand and where the people seem to speak a foreign language . Of course , you can always go online and shop around or , even more fun , go to HealthCare.Gov or your state 's health insurance marketplace and shop there . That works for some people but millions of others have learned the painful lesson that there are a lot of factors to consider when making a purchase as important as health insurance that are very difficult to present concisely on a web site . Seek out the services of a qualified life and health insurance agent . An independent agent not tied to one specific insurance company can shop the entire marketplace for you and can be impartial . An agent with additional professional certifications such as Chartered Benefits Consultant , Certified Employee Benefits Consultant , Registered Health Underwriter are examples of professionals who have taken their education and training beyond the simple requirements to get a life and health insurance license . These are the characteristics I would recommend you look for in a health insurance agent . It does n't cost you anything extra to get these professional 's services and they do all the work , can answer your questions , and point out those not so obvious issues with provider networks , how your specific medical and/or prescription needs are covered by different plans that the average consumer often misses or does n't even know to ask about . ObamaCare has not made all health insurance policies equal , quite the opposite in fact . Ask your friends or co-workers , do an Internet search for health insurance agents , or contact me . But you 'll be glad that you got professional guidance on this matter . "}
{"input": "Can Illegal Immigrants Get Private Health Insurance? ", "output": "In most cases the answer is no . Most major medical health insurance plans require you to be a US citizen or legal resident . There are some supplemental health insurance plans that do not ask citizenship or residency status . There are also international travel medical plans that do not ask if you are in the US legally . "}
{"input": "How Much Does Life Insurance Cost Per Year? ", "output": "There is no set cost for life insurance like there is for Medicare or homeowner 's insurance . Life insurance comes in a large variety of term and permanent products , and each option has a different price structure , not to mention the difference in prices between companies . The price also depends on your age , health , and how much you need . To get some samples of life insurance rates , you can visit a website that offers instant quotes . Input your info and actual life insurance rates will come up at the end . You can even change the data on some websites like ours , so that you can review the prices for different types of policies . "}
{"input": "How Much Does Life Insurance Cost Per Year? ", "output": "Life insurance is a mortality product . Your cost to buy life insurance is directly tied to your own mortality . Mortality is measured by several factors : your gender , age , smoking status , health history and current medical condition . It also takes into account your behaviors like motor vehicle violations , dangerous recreational activities or hazardous vocations . All these factors contribute to the premium youll pay . "}
{"input": "Is Group Life Insurance Covered By Erisa? ", "output": "Most Group Life Insurance is covered by ERISA , with the exception of some religious groups , professional organizations and government agencies . Group Life Insurance is under ERISA whether the employer is self insured with a fund , or fully insured through the purchase of a group life insurance policy from a life insurance company . "}
{"input": "What Is A Good Homeowners Insurance Deductible? ", "output": "In a former life I always anwered this question by reminding consumers you have four management areas if you effectively manage your financial affairs . The first area is the `` cash '' or the `` readily available '' funds with no surrender charges . The second area is the `` insurance deductibles '' questions . If I have a $ 1000 deductible on my auto insurance then that $ 100o best be in my checking or savings . The next area is theestate planning of my situation . The fourth area is `` Retirement Planning.I always cringe when I have a client hand me a 1099R during tax season because most individuals do not understand the impact the withdrawal has on their tax consequences . How much `` deductible : should you have-the amount you can keep in your checking or immediately available savings account "}
{"input": "Who Offers Whole Life Insurance? ", "output": "Almost all of the major insurance carriers offer whole life insurance . Contact a local insurance agent in your area . If you already have homeowners or auto insurance coverage with a carrier contact them first . They may have policies available that will fit your requirments . A agent can help you decide what levels and type of coverage would be appropriate at this point in your life . "}
{"input": "What Are Some Things To Consider When Buying Long-Term Care Insurance? ", "output": "When it comes to buying long term care insurance , make sure you 've educated yourself first ! It 's important to understand the product before you make any decisions about the type of policy you want . Here 's an LTCI glossary that can help you understand the `` bells and whistles '' of any LTCI policy . WEBSITELINK "}
{"input": "What Are Some Things To Consider When Buying Long-Term Care Insurance? ", "output": "What are some of the things to consider when buying long term care insurance ? Well what is nice about most software agents use to help you with your selections is that they can `` plug '' in different benefits to the plan and you can immediately see what it does to cost and plan design . The things you need to consider are cost , as in can you afford to pay the premiums and possible increases in the future ? Plan design , are the choices in plan design relevant to how long term care is actually used ? It is a good idea to review actual costs of care in your state and duration of stays in a long term care facility . This way you can fine tune a bit and get a policy that will work for you without breaking your bank account "}
{"input": "What Are Some Things To Consider When Buying Long-Term Care Insurance? ", "output": "The # 1 risk in retirement is human longevity . Living longer can impact the cash flow of seniors with unexpected costs like long term care . Whether it 's at home assisted living or nursing home confinement , long term care can mitigate the cost of elder care via indemnification or reimbursement coverage . "}
{"input": "Can I Cash In My Life Insurance Policy? ", "output": "A policy owner may cancel life insurance . The coverage will cease . If it is a term policy , there is no cash value to cash in . Permanent life insurance may have a cash surrender value if it has been in force for a few years . If the policy has more cash surrender value than the cumulative net premiums paid in , the difference is gain which is subject to income tax . "}
{"input": "Why Get Life Insurance On Your Children? ", "output": "Getting life insurance on your children is a way of ensuring that they can have life insurance when they are adults . While many health conditions are being rated more favorably by life insurance companies due to improvements in medical treatments , I also see fewer and fewer choices for young people with serious health conditions . Purchasing life insurance on your children while they are healthy is a simple and inexpensive way to give them the security of life insurance for the rest of their lives . Whether you get them Whole Life , Term insurance that they can convert to permanent insurance later on , or just put them on a child rider that they can change to 5 times that amount in permanent insurance when they become an adult , each option provides this chance to have life insurance for life even if a health condition has developed along the way . "}
{"input": "How Does Disability Insurance Work? ", "output": "Disability Insurance is a morbidity product that protects your ability to earn your current compensation , i.e. paycheck protection . Your number one asset is your ability to earn money to pay for the lifestyle you want . Disability insurance is paycheck protection and can generate a good portion of your income if you cant work . Most executive packages include full disability insurance coverage until age 65 . The odds are youll need it once during your working life . It can protect up to 60 % of your compensation as a tax free benefit or up to 80 % as a taxable benefit when the premium is deducted as a business expense . "}
{"input": "How Much Money Can You Make Selling Life Insurance? ", "output": "That depends on how hard you work , who you work for , the type of training you receive and your ability to communicate with prospects . And that 's just the tip of the iceberg ! Ultimately , you could make $ 1 million per year or starve . There are many variables and the results will be different for each person . However , the most successful agents , brokers do well by concentrating on the needs of their clients and helping them with personal financial recommendations . The agent/broker that concentrates on how much money they make is doomed for failure . "}
{"input": "Does Term Life Insurance Pay Dividends? ", "output": "Dividends are paid by policies which accumulate equity , such as Whole Life . Term life does not accumulate equity , but merely provide death protection -LRB- unless of course you buy Term living benefits coverage -RRB- , so it does NOT pay dividends . I would urge you to talk with your agent . There are many choices out there now which can pay you , and have a variety of premiums which are much more affordable than you might think . Thank you . GARY LANE . "}
{"input": "Does Term Life Insurance Pay Dividends? ", "output": "Does term life pay dividends ? Currently ? No . At one time a very long time ago , some term policies did pay a dividend to policyholders , but we are talking a very long time ago . Current term policies do not pay dividends to policyholders . Term insurance , much like rent , is a temporary arrangement between a individual and a insurance company . "}
{"input": "Does Term Life Insurance Pay Dividends? ", "output": "No , Term Life Insurance does not pay dividends . It also does not have cash value , and if you quit paying on a Term Life policy , the policy will end without any surrender value . Universal Life Insurance and non-participating Whole Life also do not pay dividends . Only `` participating Whole Life '' pays dividends . "}
{"input": "Can You Have Two Disability Insurance Policies? ", "output": "Yes you can . You can have multiple disability policies as long as the total benefit amount can be validated with tax returns and/or W2 information . Keep in mid that you can add retirement contributions to the total earnings amount to increase coverage . And if you 're a business you may be able to add disability overhead insurance as well . "}
{"input": "What Is A 30 Year Term Life Insurance? ", "output": "Just what it says , it is a term life insurance policy that will expire in 30 years . After 30 years , you will either have to renew the policy at a higher rate if it is renewable or convert the policy to a permanent plan such as whole life if it is convertible . "}
{"input": "What Is A 30 Year Term Life Insurance? ", "output": "A 30 year Term Life Insurance policy will usually renew each year at the same premium , for a 30 year continuous time period . This is also referred to as a 30 year level term . If the policy remains in force during that time period , at the 31 ` st year , the premium will balloon to a much higher rate . Check to see if you have a guaranteed conversion option that would allow you to convert the coverage to a permanent plan in order to take advantage of the increased benefits that such a policy can provide . "}
{"input": "What Is The Top Rated Auto Insurance Company? ", "output": "There are actually many top-rated auto insurance companies . The reason is that there are many types of ratings to consider and also numerous rating Agencies . Typically , the highest-rated carriers are often the largest insurers , such as Geico , Progressive , State Farm , Farmers , Nationwide and Allstate . However , companies such as Esurance and Safe Auto have been expanding market share in certain areas and should often be considered when comparing rates . An experienced broker can easily compare the top-rated carriers in your area , and recommend the most affordable options . "}
{"input": "What Is An Immediate Annuity? ", "output": "There are two types of annuities , immediate and deferred . An immediate annuity as the name suggest provides an immediate income . A deferred annuity has the income deferred until a later date . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . "}
{"input": "What Is An Immediate Annuity? ", "output": "That is an excellent question ! Most annuities are designed to wait a period of time before they `` annuitize '' , or begin to pay out -LRB- `` deferred '' annuities -RRB- . An immediate annuity has no wait , but begins to pay out very quickly . It is a way to take a large sum of money and create a steady income stream from it.I hope that helps , thanks for asking ! "}
{"input": "What State Does Not Need Auto Insurance? ", "output": "As far as I know every state requires auto insurance . Why would you not want auto insurance is a better question ? In PA you are requires to 15/30 for BI , 5 in PD , 5 in Med , but there is no reason you should have coverage that low . For a few dollars more you can have solid coverage and it 's not worth risking everything you on over an accident . "}
{"input": "What State Does Not Need Auto Insurance? ", "output": "I really do n't know the answer to this question , as I believe that every person who owns and drives a car needs auto insurance . Just think for a moment , if you did n't own auto insurance and you driving a car down a city street , when the car in front of you stops suddenly , you jerk your steering wheel to the side and manage to miss the car in front of you . You open your eyes and look at yourself and see that the airbags protected you and you were not injured ... but you find that you ran head long into the corner liquor store and end up in the middle of the scotch section , having destroyed most of the owners inventory . How would you pay for that ? Savings retirement , income will all be gone , as well as maybe your house and any other property you might own , not to mention your car is toast . This is the reason you need auto insurance , as it protects your finances now and in the future "}
{"input": "Who Is Covered By Homeowners Insurance? ", "output": "The definition of insured is as follows : The named insured , and if residents of the household , the spouse , relatives and any other person under the age of 18 in the insureds care or in the care of relatives . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Which Credit Cards Provide Rental Car Insurance? ", "output": "In my experience , most of the major cards provide some coverage when the card is used to secure a rental car . Obviously , you should call the customer service number for your card to confirm exactly what benefits are provided . The coverage is usually for physical damage of the car and provides protection up to $ 500.00 . This works nicely in most cases because assuming you have your own personal car insurance , on average it is very likely that you are carying a $ 500.00 deductible for both Comprehensive and Collision on that policy . "}
{"input": "Does My Auto Insurance Cover Hit Run? ", "output": "If you have full coverage on your auto policy . A hit and run accident would be covered under collision coverage for a typical auto policy . You will incur the the deductible for your policy unless the party responsible for the accident is found . If the responsible party is found then your insurance company will attempt to recover the amount of the loss and your deductilble from that party . Always remember every policy is different . It is always recommended to read your policy completely to know your exact coverages or to call your local agent to discuss any questions that you may have regarding your policy . "}
{"input": "What are my options if insurance carrier refuses to add my teen daughter to family auto policy? ", "output": "Actually , at least here in Connecticut , only licensed drivers need to be added to your policy . Your daughter just has her learners ' permit so as such is not yet a licensed driver . I happen to represent Nationwide and our auto policy automatically covers our clients and their children as they are learning to drive the family car -LRB- s -RRB- . I think that perhaps your agent just needs to check the terms and conditions of your particular policy . You did the right thing by being proactive and advising your agent that she is learning to drive . "}
{"input": "What are my options if insurance carrier refuses to add my teen daughter to family auto policy? ", "output": "All licensed drivers must appear named on your auto policy . If a company refuses to insure your vehicle if a particular driver operates the vehicle , they do that by offering exclusion . Coverage is suspended if that driver operates that vehicle . We often have drivers who are excluded and we secure coverage with another company that does insured such drivers making that driver the primary driver on one of the cars . "}
{"input": "How To Get Discounts On Car Insurance? ", "output": "Great question ! There are a couple of great ways to get discounts . Having a clean driving record will get you discounts with some companies , better yet , it helps keep your rates lower ! You can also consider adding another car to the policy , or bundling other policies -LRB- renters/homeowners , etc -RRB- as many companies will give discounts for that also . Feel free to contact me if you need more information . Thanks for asking ! "}
{"input": "Who Regulates Long-Term Care Insurance In Oregon? ", "output": "Long-Term Care Insurance in Oregon is regulated by the Oregon Insurance Division , based in Salem , Oregon , the nation 's capitol . The state 's Insurance Division administers their Insurance Code to make sure that Long Term Care Insurance meets the standards they have set . This pamphlet is helpful for becoming acquainted with the regulations for Long Term Care Insurance in Oregon : WEBSITELINK "}
{"input": "How To Get Homeowners Insurance Quote? ", "output": "There are several ways to obtain a quote for homeowners insurance . You may certainly fill out a quote form online ; almost every big name carrier has one on their website/app . The problem with doing a quote yourself is that you are not a licensed insurance agent , you likely do not know what limits you should have . Most online quotes also do not run your credit or loss history , which may have big impacts on your premium . What is the best way to get an accurate quote ? Contact a licensed independent insurance agent and give them your information . Ask questions ! Tell them your story ! Tell them what kinds of things you own ! If you want your assets properly covered more information is better . Most agencies have a form on their website/app a prospect may complete . Otherwise email or call asking for a quote . "}
{"input": "When Does Homeowners Insurance Pay For A New Roof? ", "output": "For the most part , when your roof is substantially damaged as a result of a covered peril , it may be possible that the cost to replace that roof may be covered under your policy , subject to your deductible of course . To gain a better understanding of the specific terms and conditions of your policy , it is always best to talk to your Insurance Professional . "}
{"input": "Does My Home Insurance Cover My TV? ", "output": "Your standard HO3 Homeowner policy will provide coverage for personal property/contents such as your standard household tv unless you have specifically excluded contents coverage all together . Be careful to review your personal property/contents limit on your individual policy as the amount may vary from one year/one policy to the next . You may wish to refer to your specific policy for any additional endorsements or exclusions that may apply . "}
{"input": "Does Home Insurance Cover Foundation Problems? ", "output": "A homeowners policy pays for damages cause by named perils . The perils most likely to affect a foundation would be earth movement or flood . The most common homeowners policy excludes coverage for those perils . You can get policies to cover each of those circumstances . If , however , the foundation was damaged as the result of a named peril , such as fire , the damages would be covered under the Homeowners policy . "}
{"input": "Does Home Insurance Cover Foundation Problems? ", "output": "Most homeowners policies wo n't cover problems with your foundation unless something sudden and accidental has happened to it . It 's designed to cover damage , not deterioration . It 's pretty rare for something to happen that damages a foundation . Most property claims are caused by storms or fire , and neither of these will usually damage foundation . If the foundation is sagging , leaking , crumbling , or deteriorating in some way , it 's the homeowner 's responsibility to maintain it . If you live in a newer home that has serious foundation problems , you may have recourse against the builder . Foundation problems can cause significant damage to your home and personal property . Your insurance company is n't going to repair or replace property damaged by a leaky or crumbling foundation . "}
{"input": "Will I Qualify For Life Insurance? ", "output": "The best way to know if you will qualify for life insurance is to visit with an agent who carries lots of choices of policies , and who understands the health and age requirements for each . Guaranteed life insurance is not always available at every age . And sometimes the best price is obtained with no medical underwriting at all . So the only way to know if you qualify , and to get your best price , is to call and discuss your options with someone who has lots of experience finding coverage for people with all types of health . "}
{"input": "Will I Qualify For Life Insurance? ", "output": "It depends on many factors as to whether you may qualify for life insurance . The most common things that an underwriter will look at when you apply for life insurance is age , sex , current health , health history , residence , occupation , net worth , income and life style . There are typically 14 rating classes of insurance to determine premium from Best Preferred to Table 10 . If you exceed table 10 , you will probably be declined . There are life insurance carriers that offer low face amounts at guaranteed acceptance . just be sure to fully understand these types of policies , which pay a graduated amount over time . I recommend using an experienced independent life insurance broker that can shop the market and find out health risk before you ever apply for coverage . This can save you from receiving a MIB hit . Medical Information Bureau is checked by all personal insurance companies you apply to and once the mark is registered , it can follow you the rest of your life , so just be careful . "}
{"input": "Will I Qualify For Life Insurance? ", "output": "You can always secure guaranteed issue life insurance . You might be able to secure simplified issue , if you have some outstanding medical conditions . But to obtain the best rate possible youll need to go through full underwriting that requires your doctors attending physicians statements , prescriptions medications , motor vehicle report and a declaration of any recreational or vocational hazards . Youll have to undergo a paramed exam with an EKG test , blood and urine analysis . You can also submit an informal application to receive an idea of where you stand and which option you should investigate . "}
{"input": "Will I Qualify For Life Insurance? ", "output": "That is a great question ! Almost everyone can qualify for some type of life insurance policy , unless you are a very senior citizen . Most companies will be unwilling to write a policy if you are over the age of 85 , and some as low as 80 . There are a few that will write you above 85 , but they are typically far too expensive to afford , especially if you have health issues . There are companies that will write policies that will give coverage no matter what your health condition is , and your best bet is really to find an experienced agent who will help you find the best policy for you . If you would like to discuss this privately , please feel free to contact me , I 'll happily make time for you . Thank you for asking ! "}
{"input": "What Is The Average Deductible For Home Insurance? ", "output": "The answer to this is that it really depends on what replacement cost and geographically where your home is located . Here in the greater Atlanta area a $ 1000 deductible is quite common . What we see in the Tucson area -LRB- an area where there are not frequent wind storms -RRB- there is more likelihood of the deductible being $ 500 . And in Texas and some other states percentage deductibles have been the norm for decades . So in Texas it is not uncommon to see a 1 % wind and hail deductible an 1/2 % all other perils deductible . Lastly , there are some elements of this that is dependent of the size and replacement value of homes . If you are insuring a 700,000 home or greater , then a $ 2,500 deductible is quite common . "}
{"input": "What Is The Average Deductible For Home Insurance? ", "output": "Over the years , like many things relating to Insurance Coverage , deductibles have generally increased . In many areas , home construction values have increased and the voluntary increasing of a deductible is a very sound way to help manage related premium increases . It is also true that many companies are making policy decisions to reduce the number of deductible choices available . In those case , lately I have been seeing that the average deductible isa $ 1000 . They can certainly go up from there , but check with your INsurance Professional to see if the increase reflects enough of a premium cost savings for you . "}
{"input": "What Is The Average Deductible For Home Insurance? ", "output": "The are many deductibles that a homeowner can choose for their insurance . However , the lower the deductible the higher your insurance will be . The average deductible that many choose is $ 1000 . This means that during a claim , you pay the $ 1000 and your insurance company pays the rest . However , the caution to keep in mind : for every claim that you make , your insurance company can raise your rates or cancel your policy . It is important to ask your insurance company if they have waivers for claims and what claims free discounts they offer . 703-651-5817 "}
{"input": "When To Do A Roth IRA? ", "output": "A Roth IRA can be started at almost any age . My nephew is in his mid-20s and he has a Roth IRA . The point of this type of planning is to save money now . Retirement will come soon enough . A Roth IRA will provide you with a tax free stream of income . Even the gain earned by the Roth comes to you at retirement free of income tax . "}
{"input": "When To Do A Roth IRA? ", "output": "That is an excellent question ! I am pleased to hear of your interest , as a Roth IRA is a terrific way to save for retirement . I can not advise you strongly enough to start saving for retirement as soon as possible . Yesterday is not soon enough . Conventional wisdom says to retire at your current standard of living , you will need to save 8-10 times your current salary . Please start one soon , and if possible , contribute as much of the annual $ 5500 that you can -LRB- $ 6500 if you 're 50 + -RRB- . I hope that helps - thanks for asking ! "}
{"input": "What Happens When My Term Life Insurance Ends? ", "output": "Unless your policy is renewable -LRB- at a higher premium -RRB- or convertible to a permanent plan , your term insurance ceases to exist . Any monies paid in is pure cost . There are some term plans that offer Return of Premium riders at an extra cost . Unless you die during the term period there is no equity in a term policy . "}
{"input": "What Happens When My Term Life Insurance Ends? ", "output": "When your Term life insurance ends , it will usually jump up in price by a huge increase , and this price can then go up every year . So most people choose to purchase a new policy at that time , if they are able to qualify medically or age-wise for a new policy . If you have a conversion option , you can convert your Term insurance to Permanent , even if your health has declined , if you convert within the time frame allowed . This also will cause a big price increase because you are then purchasing permanent insurance at an older age than when you bought your Term policy . "}
{"input": "What Happens When My Term Life Insurance Ends? ", "output": "What happens when your term life insurance ends ? What will happen is this : you will take out your checkbook , remember what your premium used to be , breathe heavy sigh , and then make your check payable for a much larger amount . In my career I have seen renewal premiums literally 10 times the original rate . Yes , 10 times . Doesnt always happen , but it does happen . And you will not know how high the increase will be until you get your renewal notice . They dont tell you in advance . Why would an insurance company slam you on the renewal ? Several factors could be involved . One is that they are a little bit concerned about their reserves . They need to bulk up . Another could be that they feel the credit market is a little bit tight . So they need to store up some money in case they cant go out and get enough new money . Perhaps they feel the whole block of term business is not profitable . Maybe there is a big fat insurance company lurking in the wings ready to buy them , and they consider the term business to be a liability . So they will jack up the rates to get rid of a lot of policies . -LRB- To tell you the truth , I need to learn a little bit more about this last reason myself . Most people keep paying term premiums , dont die , and then drop their policies anyway . So the insurance company has received a bunch of money without paying any out . Why not keep the renewal rates more reasonable to hold onto these customers ? -RRB- But the net result of these high renewals is that the only people who hold on to their policies are people who really need the coverage , and feel they have no other option . They feel that their medical history or lifestyle risks would make them ineligible for coverage , or make a new policy too expensive . The fact of the matter , though , is that they may indeed qualify for a better rate elsewhere . They should get prequalified and really see what the market has to offer . They may very well be surprised . And if they dont get a better deal , then the term conversion rider in their policy may be an option . As long as they are not over the maximum conversion age , they could lock into permanent rates . And they dont have to convert the entire face amount at once : it could be done in stages , to better manage cash flow . Thanks for asking . Want to learn more ? Review my blog at planrisklive.com . "}
{"input": "What Is Health Insurance Stop Loss? ", "output": "A stop loss means exactly what it implies , `` it stops your loss '' and the insurance carrier picks up all other costs during that calendar year . For individuals that have health insurance a stop loss is also known as the annual out-of-pocket maximum . After you reach the out-of-pocket maximum in a calendar year the insurance carrier pays the rest of the claims . In a self-insurance situation where a company pays the claims up to a certain dollar amount the `` stop loss '' is the most the employer will pay in any year after which the insurance carrier will pay the remaining claims . "}
{"input": "What Is The 403B Retirement Plan? ", "output": "A 403 -LRB- b -RRB- retirement plan used to be called tax sheltered annuities , but with the addition of mutual funds , has kept its section of the code title . Self-employed ministers , public school and certain non-profit employees of 501 -LRB- c -RRB- -LRB- 3 -RRB- are generally the plan participants of a 403 -LRB- b -RRB- which has similar tax treatment of a 401 -LRB- k -RRB- . "}
{"input": "Why Is Florida Home Insurance So High? ", "output": "some states have inordinate exposure to dangerous , even sever weather . The peninsula of Florida is exposed to tropical and hurricane conditions every year during the Atlantic hurricane season -LRB- June 1 to November 30 . -RRB- The history impact of these storms has devastating financial ramifications for personal property owners , resulting in higher home insurance premiums . "}
{"input": "How To Write An Appeal Letter To Health Insurance? ", "output": "If you write an appeal letter to your health insurance company , call the carrier or broker first to obtain a contact name and address . Be sure to include all pertinent facts about your claim denial and additional information that may cause an underwriter to consider changing their decision . It never cost anything to request a reversal . "}
{"input": "Does Homeowners Insurance Cover House Shifting? ", "output": "Good question Usally earth movement is not covered on the home insurance . This is an excluded coverage and you might have to buy lets say earthquate insurance to cover that risk . Also if you live on a cliff or mountian and the soil gives way and the hosue shift or drops off the cliff you will not be covered . Good Luck "}
{"input": "Does Homeowners Insurance Cover House Shifting? ", "output": "That is a great question ! Unfortunately , the answer probably is not . As a rule , most houses will settle slightly , but not enough to cause major damage , so it typically is n't a named coverage . In places where landslides or earthquakes are a risk , then those dangers get coverage either as riders added to your policy , or as separate policies altogether . About the best thing that I can tell you is to contact your agent , and have them tell you whether you are covered or not . Good luck , and thanks for asking ! "}
{"input": "Does Homeowners Insurance Cover House Shifting? ", "output": "No . Homeowners insurance will not cover ground movement , shifting or sink holes . Homeowners insurance is designed to cover sudden and accidental losses and shifting occurs over time . This condition is also specifically excluded in most policies . Shifting can become a major problem so I would recommend hiring a structural engineer to assess the situation and provide recommendations to fix the problem . "}
{"input": "Does Homeowners Insurance Cover House Shifting? ", "output": "The damage that is caused by earth movement is not covered under the basic homeowners plan . If the issue is the gradual settling that a new home invariably experiences , that isnt covered either . There are many earth movement issues in addition to earthquake . There are earth subsidence issues , sink hole issues and mine collapse . These are generally excluded risks . "}
{"input": "Does Homeowners Insurance Cover Air Conditioner Leaks? ", "output": "A leaking air conditioner may only be covered by homeowners insurance in the following 2 circumstances : 1 . If the air conditioning unit 's leak was caused by a covered peril -LRB- i.e. fire , vandalism , wind etc. . . -RRB- 2 . If the homeowners insurance policy has an Equipment Breakdown -LRB- home warranty -RRB- Endorsement affording coverage for the air conditioning system . Most carriers do not offer the equipment breakdown endorsement on a homeowners policy but it is worth asking your local agent or broker if one is available . "}
{"input": "Does Homeowners Insurance Cover Air Conditioner Leaks? ", "output": "It depends on why the air conditioner is leaking , but probably not . Home insurance is n't designed to cover normal wear and tear and breakdown of equipment , which is likely the cause of a leak from an air conditioner . Water damage typically has to be caused by sudden and accidental pipe bursting to be covered under your homeowners policy , but coverage varies by company , so check with your agent or broker . "}
{"input": "What Is Disability Insurance For? ", "output": "Disability Insurance , also commonly referred to in the insurance world as `` paycheck protection , '' pays a benefit to the insured should she become disabled -LRB- sick or injured -RRB- and unable to work . The monthly benefit typically covers 60-65 % of one 's income and can be used for rent , bills , groceries , medical co-pays , etc. . "}
{"input": "What Is Disability Insurance For? ", "output": "Disability insurance provides replacement income to a worker who has become unable to work due to illness or injury . There are Disability insurance policies that will pay for short term or long term disability . The policies will pay cash to the insured person for the length of the time that his/her disability continues , or for a set period of time , depending on the features of the policy . "}
{"input": "What Should You Look For In Long Term Care Insurance? ", "output": "Every product purchase has a value proposition to assess , but the most critical items are the long term care insurance companys financial and claims paying ability as well as the contractual language in the policy relating to the triggering of policy benefits . The contractual language can be a daunting read for a consumer . It is recommended to secure a long term care expert to review the policy benefits and how the work "}
{"input": "How To Make A Claim On Someone Else's Car Insurance? ", "output": "This one is really dependent upon the circumstances and where you live . I can only speak to how Michigan will treat it . Since we 're a No-Fault state , if your car is damaged , your insurance will cover the damage to your car -LRB- if you have physical damage coverage -RRB- . If you do n't carry physical damage coverage you can sue for up to $ 1,000 in small claims court . Now , most people in Michigan have coverage for this under their policies and will pay it out without going to court . You simply contact their company , explain the circumstances and submit a police report showing their driver is at fault . They usually pay these very quickly . If it 's not for physical damage to a car , you may be able to do the same thing , but the outcome may be very different . If it 's for property damage or an injury , they may or may not work with you . It 's very possible you may have to sue the other driver to recover any damages . Remember , their insurance company represents their driver , not you . I would advise my clients to get an estimate on any damage to a car and to consult a doctor with any injury . Then , depending on what you find out , make a determination on whether it 's worth pursuing . Any time you sue , there 's a lot of time and energy involved and the outcome is not certain . You need to be able to put a dollar amount on it before you proceed . Get your ducks in a row first , then you 'll be in a much better position . "}
{"input": "Who Gets Life Insurance If Beneficiary Is Deceased? ", "output": "Life insurance policies allow you to name one or more Primary Beneficiaries , and one or more Contingent -LRB- Secondary -RRB- Beneficiaries . If there is only one Primary Beneficiary named and that person is deceased , the policy proceeds go to the Contingent Beneficiary . If there is more than one Primary Beneficiary and one of them is deceased , the death benefit will be paid to the remaining Primary Beneficiary or Beneficiaries . If all Beneficiaries are deceased at the time that the Insured passes away , the life insurance proceeds are paid to the estate of the Insured and distributed according to his/her will . If there is no will , the state distributes them according to their intestate succession rules . No doubt there are some exceptions to how policies are handled when all Beneficiaries predecease the Insured , but this is the general way it works . "}
{"input": "Is Home Insurance A Legal Requirement? ", "output": "Not in most states . The bank will require it in most cases however to protect themselves if you carry a mortgage on the property . If you do not have a mortgage and want to assume the risk , not only of fixing or replacing your home in the event of a loss but also the risk of law suit , then you do not have to carry homeowners insurance . Think hard about it , is it really worth the risk ? "}
{"input": "Does My Health Insurance Cover Psychiatrist? ", "output": "If you are covered by a `` group plan '' then you will have some coverage . How much-call the company and ask . If you have an individual policy the coverage is going to be even more limited and you need to call the company or give your information to the insurance clerk at the doctors office and have them verify coverage . The amount of coverage available for mental health is within the bounds of the `` 90 days lifetime maximum coverage as in Medicare . "}
{"input": "Can You Apply For A Medicare Card Online? ", "output": "You can sign up for Medicare by going to the social security website , ssa.gov , and go to Medicare under the benefits tab . From there , there will be instructions provided to guide you through the sign-up process on the website . You can also go down to your local social security administration office as well . "}
{"input": "Do I Have To Get My Medications From My Part D Provider? ", "output": "If you have a Medicare Part D Rx plan you are not required to purchase your medications through the plan . You can choose to pay cash for the full price of the medication if you wish . In most cases you will find that the full price of a medication is often much more expensive than the copay you you would pay for the medication using your Part D coverage . There are rare instances where the cash price of a medication is actually lower than the copay you would have through the plan . This usually only happens with very inexpensive generic medications that have been on the market for many years . If you are taking a brand name medication it is almost always going to be more cost effective to use your Part D plan to purchase the medication . This way you only pay a small copay instead of the full price of the drug . If you would like more information on Part D plans please visit www.medicare.gov "}
{"input": "How To Get A Tummy Tuck On Medicare? ", "output": "Medicare covers most medically necessary procedures under Part A and Part B. Cosmetic surgery is generally not covered although there are exceptions such as breast reconstructive surgery follow a radial mastectomy . A tummy tuck is normally done purely for cosmetic reasons and would not be a covered expense under Medicare . "}
{"input": "At What Age Can You Get Car Insurance? ", "output": "You should be able to get car insurance at age 16 ... which is the earliest age in most states when you can legally drive an automobile . If you are living with your parents , and they have current coverage , it is best to title the vehicle in their name so you can take advantage of many available discounts . When you are older and have built up some driving experience , you canalwaysconsiderpurchasing a policy in your name . "}
{"input": "How Much Will I Have To Pay For Health Insurance Under Obamacare? ", "output": "Depends on the `` metal '' level of the plans you 're looking at , your age , which carrier 's plans are available in your area , and whether you use tobacco products or not . These are the most common factors that go into rate calculations for quotes . You should work with an independent health insurance agent/broker to see what 's available for you - agents & brokers have the knowledge to help determine which program is going to be most suitable for your needs and your budget . "}
{"input": "Can I Drive Without Car Insurance? ", "output": "A vehicle may not be operated on the road without liability insurance . Being caught driving without insurance can and will result in significant fines and potential loss of your drivers license . If you are involved in an accident without insurance the fines and penalties are much stiffer not to mention the cost incurred for damages that you may be responsible for . "}
{"input": "Can I Get Life Insurance With Polycystic Kidney Disease? ", "output": "While it is possible to obtain life insurance having polycystic kidney disease , certain underwriting conditions apply . Depending upon that determination your only option might be a small guaranteed issue policy . I would recommend contacting an agency that specializes in impaired risk life insurance to address your specific health issues and offer the best solution / quote for your needs ... "}
{"input": "Can I Get Life Insurance With Polycystic Kidney Disease? ", "output": "If you have polycystic kidney disease with normal renal function and controlled blood pressure , you can get a medically underwritten policy of any size , with a table rating . If your kidney function is abnormal and/or you are on dialysis or awaiting a kidney transplant , your only choice may be a small guaranteed issue policy . Consult an agency that specializes in impaired risk life insurance to gather the pertinent health details and your best quote . "}
{"input": "Can I Get Life Insurance With Polycystic Kidney Disease? ", "output": "Depending upon the applicant 's age and ultrasound results , it is possible in certain cases to obtain life insurance coverage . The range of premium cost would also take into consideration your age and any other medical issues . Your ability to obtain coverage will significantly increase when your original diagnosis is at or over age 50 . "}
{"input": "What Is A Plan Administrator For Health Insurance? ", "output": "Plan administrators are often used with an employer group health insurance plan , especially if the plan is self funded . In a self funded plan a trust is established to hold and manage employer and employee contributions to the loss fund . The administrator is responsible for reviewing and adjudicating claims and paying the ones that are approved . "}
{"input": "Can You Get Auto Insurance Without Owning A Car? ", "output": "Yes , you can purchase a non-owned auto coverage . This type of policy provides liability coverage for the insured for vehicles that they may drive but do n't own . Rates for this type of policy will more than likely be higher than if the insured did own a vehicle . Contact a local agent to find out more about the availability and costs of a policy of this type . "}
{"input": "Can You Get Auto Insurance Without Owning A Car? ", "output": "Yes . You are looking for a `` Named Non-Owners Policy . '' It provides coverage for liability for you as a driver . Perfect for a person who does n't own a car but will occasionally drivea family members car or who needs it for travel when renting a car . Fairly inexpensive too ! "}
{"input": "Can You Get Auto Insurance Without Owning A Car? ", "output": "Yes , you can get a `` non-owners '' policy . This will cover your liability as a driver , if you do not own your own vehicle . This way you 're covered if you borrow someone 's car , or are renting a car . Contact a local insurance agent , and they 'll be able to get you the right policy . "}
{"input": "What Do They Test For In Urine For Life Insurance? ", "output": "They test the urine for a metabolite of nicotine called cotinine , in order to see if you are a tobacco user . They also test for cocaine and other illegal drugs . Creatinine or protein in the urine can be an indicator of kidney disease , or a side effect of uncontrolled diabetes , as can high glucose . The insurance company uses the urinalysis to confirm the information you put on the application , and to become aware if there are any hidden or unknown health conditions . "}
{"input": "Who Is Automatically Enrolled In Medicare? ", "output": "Those who have worked in the Social Security system at least 10 years , are a US citizen or legal resident and have lived in the US at least 5 years are automatically enrolled in Medicare Part A and Part B at age 65 If you are the spouse of someone who is qualified for Medicare , meet residency requirements and have been married at least a year , you are enrolled as well at age 65 "}
{"input": "What Does Suze Orman Think About Annuities? ", "output": "Over the years Suze has addressed annuities , not always in a favorable light . She has several online videos and content blogs and articles on annuities . Suze has a small treatise online entitled , Truth About Annuities , which outlines the product inventory in a pithy format that gives you her read on the subject . "}
{"input": "What Does Dave Ramsey Say About Cancer Insurance? ", "output": "Dave Ramsey does not think you should buy cancer insurance or any type of specific dread disease insurance . He confuses the purpose of it with major medical health insurance . Your major medical pays your doctor bills -LRB- minus your deductibles , co-pays and premiums . -RRB- Your cancer insurance pays a lump sum amount directly to you . You can use this while you are off work with cancer to pay for food , house payment , medical bills or anything else you need . Dave Ramsey is not a good resource for insurance information . "}
{"input": "Can I Be Denied Health Insurance In Maine? ", "output": "You ca n't be denied under ` Obamacare ' . Plans that you can purchase off the Exchange -LRB- like mine -RRB- , often do have underwriting involved and you may be turned down . Those companies keep their costs down by only accepting healthy people . Shop around and find what 's best for you and your situation . "}
{"input": "Who Offers The Best Long Term Care Insurance? ", "output": "It 's difficult to say that one company is `` the best '' . There are definitely factors you can look at such as rating , who has the biggest market share , etc. . Since LTC has many options to choose from , I suggest also looking at the carrier 's options . For example , some companies offer a `` Shared Care '' benefit , whereby you can use your partner 's benefit when yours are exhausted . "}
{"input": "Who Offers The Best Long Term Care Insurance? ", "output": "The best Long Term Care insurance for one person may not be the best Long Term Care policy for another . Look at the rating of the company and the features of the policies they offer , in addition to see if they are priced competitively , their history of rate increases , and whether they have had many complaints against them . Above all , it is helpful to contact a Long Term Care broker -LRB- may Life insurance brokers also sell Long Term Care insurance -RRB- to help you find the best Long Term Care policy for you . "}
{"input": "Who Offers The Best Long Term Care Insurance? ", "output": "It is always with the best of intentions that I attempt to be objective , but that being said , there are not many long term care insurance companies -LRB- LTCi -RRB- left in the extended care market place . Perhaps there are a half a dozen worth your consideration . Genworth is one of the top LTCi companies in the U.S. . They generally rank well in annual premium cost against the competitors and offer excellent policy language in their contractual definitions . "}
{"input": "Who Offers The Best Long Term Care Insurance? ", "output": "Who offers the best long term care ? Again it 's going to depend on what a person wants that coverage to be . There are several very good long term care companies . The best thing to do is decide what is important to you as the buyer and then have quotes from several companies to compare from . "}
{"input": "Will Health Insurance Pay For A Hot Tub? ", "output": "No , health insurance generally will not pay for a hot tub . I personally have never heard of a situation that would warrant a medical necessity for a private hot tub . Health insurance is designed to pay for Medically necessary costs and procedures . Unless your doctor can show the insurance company that a hot tub is a medically necessary item -LRB- which will be a hard fight -RRB- it will not be covered under any policy that I am aware of . "}
{"input": "Is The Car Or Driver Covered By Auto Insurance? ", "output": "Almost all carriers recognize coverage as covering the driver first and then the vehicle . In other words if you have auto insurance coverage and are driving another persons vehicle that you are not covered under normally ; your insurance carriier will more than likely be on the hook in the event of an accident that you are deemed responsible for while driving that vehicle . If you allow someone else to your vehicle that does not have their own auto coverage ; once again your auto insurance carrier would more than likely be on the hook in the event of accident that they are involved in that they are deemed at fault which could affect your premium or coverage in the future . "}
{"input": "What Does All State Auto Comprehensive Insurance Cover? ", "output": "I am assuming your are referring to the `` Comprehensive '' coverage - also called Other Than Collision - found in an auto insurance policy . State Auto is what we call a `` Super '' regional carrier as they are not nationwide , but are in more than a couple regional states . While the basic structure of the auto policy contract is the same company wide , they do tweak their contract based on state laws and state performance ratios . That being said , generally speaking State Auto 's comp coverage would include things like - fire , theft , water damage , glass damage , break-ins and hitting an animal like a deer . Comprehensive claims are subject to the deductible listed on your policy . Give your local State Auto independent agent a call and discuss the specifics of your state and policy language . "}
{"input": "What Life Insurance Can You Borrow From? ", "output": "You may borrow from any policy that has cash value however your best bet is to purchase a policy from a company thatwelcomes it . Please read Bank on Yourself The size of a cash buildup differs substantially from company to company . In many instances there is no correlation between the size of the cash value and premiums paid ; in some cases there is an inverse relationship . Everything that the policyowner wishes to do with this policy while living is determined by the size of the cash value . For example , at some future time , a policyowner may wish to convert the cash value to a monthly retirement income . Its size will depend on -LRB- 1 -RRB- the amount of the cash value and -LRB- 2 -RRB- the attained age of the policy owner . "}
{"input": "What Life Insurance Can You Borrow From? ", "output": "Well as there is a cash value accumulation to your Life Insurance policy . You may borrow as cash interests is compounded . Depending on your company rates are usually higher or lower than others . You may borrow from a Universal Life Policy , Whole Life Policy , Modified Endowment which is like a security policy that gains interest and is tax free . Its best to let the money accumulate and money borrowed from any life policy will be deducted from benefits to beneficiary if unpaid . "}
{"input": "What Life Insurance Can You Borrow From? ", "output": "New York Life 's Whole Life Policies allow the owner to borrow against their policy after the first 2-3 years . It does not need to be repaid and may be kept tax free , although this would decrease the death benefit . "}
{"input": "What Life Insurance Can You Borrow From? ", "output": "Are you concerned about borrowing against an existing life insurance policy that you own ? Or rather are you exploring all of the potential uses of a potential policy purchase ? Depending on your age , you may qualify for a life settlement . This is a transaction in which the policy owner sells their interest in the policy to an investor through a life settlement provider . The policy owner would receive multiples of the policy 's current cash value . However , a life settlement is a sale of the policy and just as if you sold your car , you no longer have an interest in the policy . In instances of cash crunches or reduced income causing a strain to pay premiums , you can always work with your agent to reduce the death benefit of the policy , work with a life settlement professional to sell your existing policy and use the proceeds to purchase paid up coverage or discuss the issue with your beneficiaries , who may have an interest in taking over the premiums in order to preserve the full death benefit . Feel free to contact me at WEBSITELINK if you would like to learn more about life settlements . "}
{"input": "What Life Insurance Can You Borrow From? ", "output": "The only type of life insurance that you can borrow from is Universal Life or Whole Life . You can not borrow from Term Life . There are many types of Universal Life and Whole Life , and especially with Universal Life , some policies will have very little cash value . If you are purchasing a Universal Life policy for the purpose of borrowing from it , you will do best with Indexed Universal Life or Variable Universal Life . "}
{"input": "What Life Insurance Can You Borrow From? ", "output": "Are n't you defeating the purpose of life insurance if you borrow on the `` cash value '' . You do have to repay the loan . Are you familiar with : first in-last out , or Last in first out '' > How does the insurance company treat the disbursement for tax purposes ? I realize we are living in hard times and some of us are forced to do things we would not ordinarily do because of the economic conditions . Pulling money out of a life insurance policy is much more than `` I am borrowing money from my life insurance policy '' ? How will you repay it ? How soon will you repay it ? There two seemingly easy ways to borrow money-borrow from yuor 401k and borrow from your life insurance . Bot ways can get you in trouble and cause tax problems you certainly do not need "}
{"input": "Why Do Republicans Want To Cut Medicare? ", "output": "Cuts to Medicare can be shared by both parties . Medicare is a boondoggle created by LBJ and never designed to be self supporting . For the last few years Medicare has paid out more than it takes in which means the future is cloudy . Obamacare , a plan designed and passed into law without a single Republican vote strips over $ 700 billion from Medicare funding . "}
{"input": "Does Washington Tax Life Insurance Benefits? ", "output": "Normally no life insurance proceeds would not be taxed , however Washington state does have a state estate tax . The exemption is $ 1,000,000 meaning any amount over this amount could be subject to estate taxes . The top marginal tax rate for the state estate tax in Washington is 16 % . "}
{"input": "Does Washington Tax Life Insurance Benefits? ", "output": "Does Washington state tax life insurance benefits ? Short answer `` yes '' in some situations . Washington state does have their own version of estate taxes , just like the federal government does . The threshold is much lower than the Federal level and the highest bracket is much lower than the Federal standard . To reduce or minimize the impact of ownership of a life policy if someone is in that higher asset bracket , a life insurance trust should be considered to help in this area . "}
{"input": "Does Washington Tax Life Insurance Benefits? ", "output": "The state of Washington does not charge income tax on life insurance benefits left to a person as beneficiary . If the benefit is left to the estate , or no beneficiary is alive , the money will be taxed . Life insurance proceeds are considered part of the estate , and state and federal estate taxes apply to the excess above the amount of the estate that is exempted from estate taxes . In 2013 , the amount of the estate exempt from federal estate taxes is $ 5,250,000 . "}
{"input": "Does Washington Tax Life Insurance Benefits? ", "output": "Generally , the answer is no . That 's one of the best benefits of life insurancethe death benefit is tax-free . Make sure the beneficiary is something different than the estate of the policy holder . That 's when the state can come in and get their hands on your money from a tax perspective . Consulting with a licensed life advisor on the day you bought the policy was importantbut not as important to an ongoing consultative relationship with an agent when you need them the most . "}
{"input": "Where To Apply For Medicare Part B Benefits? ", "output": "You can apply online with the Social Security Administration for Medicare Part B benefits . The website for Social Security is www.SSA.gov . You can also visit your local Social Security office in person . When you activate your Medicare Part B it triggers an open enrollment period where you can apply for any Medicare Supplement Plan and not have to pass any medical underwriting . An Independent Medicare Insurance agent will be able to show you what 's available and help match a plan that fits your needs . There is a lot more information about Medicare Part B and Medicare Supplement Insurance on our website . "}
{"input": "Does Wells Fargo Have Renters Insurance? ", "output": "Wells Fargo is not an insurance company . Wells Fargo can act as an agent with several insurance companies to find you renters insurance . I personally would consult an independent agent who offers insurance for a living and is able to consult on coverage needs then use a bank that offers insurance as a side business . "}
{"input": "What Does No Claims Discount Mean On Car Insurance? ", "output": "Auto rates are set for standard risks . By not filing a claim you are distinguishing yourself as a somewhat better risk . In view of that the company is reducing the premium on your car . It does raise a serious question when you do encounter a potential claim . Unless the claim involves bodily injury or great liability you might want to call your agent prior to reporting the accident to your claims department . "}
{"input": "What Does No Claims Discount Mean On Car Insurance? ", "output": "That is a great question ! And I have a great answer - a no claims discount is a great thing to get . Your insurance company is giving you a discount on your insurance because you have been a safe driver , and not filed any claims in a specific time period . Good Job ! I hope that you get many more of them . Thanks for asking ! "}
{"input": "What Does No Claims Discount Mean On Car Insurance? ", "output": "A no-claims discount is offered by many insurers . When applied , it reduces your auto insurance premium for not submitting claims over a specific period of time . And it can potentially increase every year if your good claims history continues . Does your company maximize your discount ? It can save quite a bit of money . LIVE answer provided by : Ed Harris - Premier car insurance broker for the last 33 years and owner of several top-rated websites . "}
{"input": "Why Do Car Insurance Rates Go Up? ", "output": "Your state insurance commissioner is charged with making sure that the auto insurers in your state pay claims . If the insurance company has higher claims than their premium income they must increase future premiums to cover anticipated future losses . The reason that these costs increase is obvious , increased cost of repair , frequency of accidents , and litigation . Your own record can make the company increase the rates on your car . "}
{"input": "Why Do Car Insurance Rates Go Up? ", "output": "That is a great question ! There are a couple of reasons why your insurance would go up . The first is that your driving record took a hit , maybe through an accident or traffic ticket . Your increased risk as a driver would translate into a higher premium . The other would be the company 's desire to maintain its profitability . If they have higher costs , they are n't likely to work at cutting those costs , most often they pass them on to us . I hope that helps , thanks for asking ! "}
{"input": "Does Nevada Have No Fault Auto Insurance? ", "output": "We offer a optional coverage on you auto insurance called accident forgiveness . Which will keep your premium from going up if you are found at fault in an accident . If you have any questions about this coverage you can give me a call or e-mail me at kboyle@farmeragent.com . "}
{"input": "How Much Does Full Coverage Auto Insurance Cover? ", "output": "Insurance premiums vary greatly and are determined by many different factors . Among other things , the type of coverage you have , the benefit levels you are seeking , age , gender and zip code are other factors an underwriter will consider in arriving at an appropriate premium rate for the quoted coverage . "}
{"input": "Does Renters Insurance Cover Garage? ", "output": "Renter 's Insurance wo n't cover a garage structure , but it should cover personal property in a garage . If you own a garage you will likely need to buy a seperate policy for the building as Renter 's Insurance does n't include any coverage for structures . Hope that Help ! Send me a message if you have more questions . "}
{"input": "Does Renters Insurance Cover Garage? ", "output": "Renters insurance is designed to cover your personal property -LRB- your stuff -RRB- and personal liability . It will not cover physical damage to a garage because you have no insurable interest -LRB- you do not own the garage -RRB- . If you had personal property inside the garage and it was damaged or stolen from a covered peril you could make a claim . I 'd suggest you reach out to your local independent insurance agent to discuss what your policy covers . Hope this answer helps . "}
{"input": "Does Part B Medicare Cover Prescriptions? ", "output": "Some Chemotherapy and injectable drugs are covered under Part B but most drugs are not . That is why you need Medicare Part D which is your Prescription Drug Plan . Part D is administered by private insurance companies under the supervision and guidance of the Center for Medicare Services . You must select a Prescription drug plan or face penalties by Medicare . "}
{"input": "Where Can You Get Life Insurance? ", "output": "Life insurance is offered by life insurance companies through licensed agents . Most licensed agents are associated with insurance agencies . While each state requires agents to pass a proficiency examination or meet other requirements , there is no requirement for them to hold any specific designation . So , while you can buy life insurance from a variety of financial sellers , you should consider the agent 's experience , training and professional credentials . "}
{"input": "Where Can You Get Life Insurance? ", "output": "If you dont want to have to hassle dealing with a life insurance agent , there are plenty of online portals and retail kiosks in malls that sell it . Some life insurance companies have gone the mobile app route with simplified issued policies to expedite the underwriting process . For a the personal approach you can always find earner beaver agents and registered representatives in agencies and broker dealers that have access to the full inventory of life insurance providers . One word of warning : stay away from agencies that promote their own product line . Its rarely the best deal . "}
{"input": "Can I Get Life Insurance If I Smoke Pot? ", "output": "Yes , you can get life insurance if you smoke pot . If you get a medically underwritten policy , the insurance company will probably ask you to fill out a Drug Questionnaire . If you are an infrequent pot smoker , you will be give tobacco rates , but they can fall in the Standard to Preferred range . If you smoke pot daily , or have had treatment for drug or alcohol use in the past . you would probably be declined for a policy , but may be able to find a No Exam policy . "}
{"input": "Who Does Not Need Life Insurance? ", "output": "Great question ! Let 's look at this from a different angle . Why does anyone own life insurance ? People have life insurance to protect people they love care about or have some obligation to . It is really about a simple as that . Some examples would be a spouse or partner wanting to take care of a surviving spouse or partner . Another common use is to provide for children , grandchildren or even more distant future generations . That is truly what we consider life insurance to create a legacy . In somewhat less lovable terms comma we may need to secure life insurance to make good a business or personal promise to repay lenders . Another business use is to utilize the funds to help in succession planning for a business . If none of the above describe your situation you may not need life insurance . Some people view cash value life insurance as an investment aside from the death benefit but that is a whole different discussion ... and a source of great debate . Good luck ! "}
{"input": "Who Does Not Need Life Insurance? ", "output": "I agree with the answers posted before this one , but let me suggest to you that perhaps the question `` Who does not need life insurance ? '' is the wrong question . From a financial planning perspective , I always address the `` life insurance question '' with my clients by looking at how having -LRB- or not having -RRB- a life insurance policy in force impacts their overall financial plans . I 'd say that close to 50 % of my clients might not need life insurance , but they very much want it because of what it does for them as a part of their overall financial planning . "}
{"input": "Who Does Not Need Life Insurance? ", "output": "Life insurance indemnifies financial liabilities . If a person had no financial liabilities , including final expenses funded by his or her own resources with no beneficiaries that would suffer economic loss , life insurance would be irrelevant . If a person had no charitable intentions nor was willing to make a difference in anyones life , then life insurance would be irrelevant . If a person had no need for tax advantaged income for supplemental retirement , life insurance would be irrelevant . "}
{"input": "Who Does Not Need Life Insurance? ", "output": "The person who will suffer no financial loss in the event of his/her death does not need life insurance . If you have sufficient assets to cover funeral expenses and take care of your family obligations insurance is not needed . Many wealthy people have insurance so they can keep their money instead of having to spend it . "}
{"input": "Who Does Not Need Life Insurance? ", "output": "If there wouldnt be any financial impact at the passing of a person , there isnt a need for life insurance . This is rare . The motivation to buy life insurance comes from a desire to treat those that you love with respect and to provide money to help them through the difficult transition brought about by your passing . "}
{"input": "Why Would You Buy Life Insurance For A Baby? ", "output": "There are a couple reasons parents would buy life insurance on their baby . For one a true whole life insurance policy accumulates cash value which could be used to help out in life events such as college or a wedding . It also guarantees the insurability of the child . For example , one of my co-workers purchased life insurance on his young son who developed diabetes at age 13 . If he had not done so , his son would have a hard time finding a company who would insure him . "}
{"input": "Why Would You Buy Life Insurance For A Baby? ", "output": "This question has several answers . From a financial planning perspective , the answer is thatyou would n't . The adverse financial impact of the death of a child is relatively small . While a terrible tragedy and an absolutely awful thing to go through , technically no one financially depends on them for support . So , one of the basic tenets of life insurance - to provide lost income due to premature death of a family bread-winner - buying life insurance on a child does not make sense . While children might not need life insurance , here are some reasons why one might want to buy it on them anyway : 1 . Insure the child 's insurability - this can be achieved by purchasing a small face amount of permanent life insurance -LRB- I would recommend participating whole life -RRB- with a guaranteed future purchase option rider . The rider insures that the insured can purchase additional life insurance without the need to medically qualify . If the adult child 's health goes south , additional life insurance can be purchased . Drawbacks : a -RRB- the option usually runs out at 40 or so years old ; b -RRB- typically , only the same type of life insurance can be purchased -LRB- which can be a lot more expensive at age 30 than at age 3 -RRB- , and c -RRB- if you do n't exercise the option , you lose it . Oh , and by the way , the insured usually assumes ownership of the policy at 18 , at which time , that income-tax-free cash value can be mighty handy for the down payment on that new car . So long , insurance policy , we hardly got to know you . 2 . Provide a source of money with tax-favored access privileges - This is n't likely to work -LRB- see `` new car '' above -RRB- , but if protected by a trust with strict limits on how the cash values may be used and under what conditions it must be paid back , it could allowa responsibleadult child to be his/her own bank and/or have at least somewhere to go , independently , to cover an emergency need . The problem is that even a trust can be gotten around and the cash - and the life insurance benefit it supports - is more likely to end up being spent - and lapsed . 3 . If one feels that the death of a child could seriously impact them financially , I recommend purchasing a child rider -LRB- usually comes in `` units '' , 1 unit = $ 1000 coverage -RRB- on a parent 's term or permanent policy . Twenty-five to fifty-units should be plenty to cover final expenses and maybe some medical bills not covered by medical insurance . Using life insurance to help fund college is not the best use of the money spent over the years . There are now too many other tax-favored savings vehicles that do n't include the cost of insurance to depend on a life policy to provide a significant amount of cash over a 16 or 17 year investment horizon . In the event of the death of one child , the insurance money received as a death benefit could go to help provide some start-up college money for another child in the family -LRB- # 3 would be the least expensive way for that to happen -RRB- , but that 's kind of creepy . I think # 1 is the only prudent reason to buy insurance on a child and then only when there is a family history of childhood or adult onset of some kind of genetic malady like diabetes or cardiac problems . Otherwise , # 3 might make you feel better , but it 's not likely to be needed . "}
{"input": "Why Would You Buy Life Insurance For A Baby? ", "output": "There are many reasons that you would want to get a life insurance policy for a baby . First of all to guarantee insurability for the little one . To get the policy issued at the lowest rate possible for a second . Conceivably you could have a policy that would be completely paid up before age 18 and provide them coverage for the rest of their lives . There are too many reasons to lists . Contact your local agent to find out what coverages are available in your area . "}
{"input": "Why Would You Buy Life Insurance For A Baby? ", "output": "There is nothing that makes me feel more depressed then to see families and kids on the street holding a car wash for a friend or family member that did n't buy some form of life insurance for their children . Most insurance companies offer `` Level Term '' riders that may be added to the parents policies that will allow the parent to insure all of his or her current and future children . These riders also guarantee the insurability of the children as they are usually convertable to their own private policy 's when they reach either age 21 or 25 . sometimes the insurance company will allow the child to change his or her policy 's face amount up to 5 times the amount of the original rider without evidence of insurability . The best thing about these riders is the price , whether you have one child or 20 children you can insure them all for one low price under this rider . If you are an insurance agent please do not forget to offer this rider to the parents that you are insuring . "}
{"input": "Why Would You Buy Life Insurance For A Baby? ", "output": "Parents have their reasons for getting Life Insurance on a baby . Cover basic funeral costs Providing a `` gift '' that will grow to be an Asset for future use . Provide for future insurance needs locking in the lowest possible rates . Designing a policy that could be `` paid-up '' in a set amount of time , say 20 years , more or less . Keep in mind that companies will generally require that you the parent have Life Insurance on yourself first . Insurance Companies look at this as `` who is depending on the baby for support ? '' Since no one is then you have to justify the need . Companies would like parents to have up to 4x the amount of coverage on the baby although each company is different and the rules might be bent if a good case is made . "}
{"input": "Who Has The Cheapest Home Insurance? ", "output": "The cheapest homeowners policy is the one that pays the maximum amount possible when you have a claim . Of course it must be a policy on your house and it must be in force . What was paid for the policy is insignificant in many cases . The cheapest policy is sold by your trusted insurance agent , someone who listens to you , gives you sound financial advice and communicates clearly with you and the insurance company . That agent will do their best to make sure you are protected . "}
{"input": "Who Has The Cheapest Home Insurance? ", "output": "Your neighbor and yourself with similiar house values could get insurance from the same company and your rates will be different . Insurance premiums are determined by many factors , including your insurance score , loss history , the existance of dogs , trampolines , pools , oil tanks , etc. . They best way to get the best coverage for yourself at the best rate is to have an a local reputable independent agent with access to multiple carriers take one application for you and then they will shop all of their markets . "}
{"input": "Is A Water Heater Covered By Home Insurance? ", "output": "Your water heater is part of your home , just like th rest of your plumbing system , so yes , it would be covered . What it is covered for depends on what type of coverage you have purchased . For example home insurance does n't pay for mechanical failure , so if it just quits working you do n't have a claim . If your water heater bursts , you may have coverage for water damage coming out of the water heater if you havea `` Special Form '' policy . If the house burns up and your water heater goes along with it , your insurance should pay for a home with a water heater . So you see it depends a lot . Email me with specifics at WEBSITELINK "}
{"input": "How Much Does Health Insurance For A Child Cost? ", "output": "Health insurance for a child is typically very affordable . Depending on where you live , the premium can range between $ 25 per month -LRB- short-term coverage -RRB- to about $ 150 per month . In most states , it costs less than $ 100 . Generally , applications are approved quickly and after 2014 , no medical questions will be asked . Comprehensive plans will cover office visits and prescriptions and would tend to be the most popular type of coverage . Preventive benefits are provided at 100 % on most plans . As an experienced broker , I shop for all of the best options from top-rated insurers to make certain you receive the combination of best rate and coverage . Premiums are usually paid monthly and a federal tax subsidy could reduce premiums . "}
{"input": "How Do You Buy Life Insurance? ", "output": "The first step to buying life insurance is finding someone to sell it to you . This can be done by searching on the internet for `` instant life insurance quotes '' or `` diabetes life insurance '' or whatever search term fits your situation . Then pick the one that gives you a good price and appears to have a good reputation as evidenced by testimonials , being part of the BBB , etc. . OR you can call a local agent or agency . Once you visit with your agent and narrow down what policy you want to apply for , you fill out an application , sign and submit it . This can be done digitally or by a wet signature . The application then goes to the life insurance company for review . If you are getting a policy that does not require an exam , the policy may go into effect within as little as an hour or as long as a month . If you are applying for a medically underwritten policy , you will be contacted by a local paramed exam company to schedule a short exam done in your home or place of your choice . They will collect a blood sample , urine sample , blood pressure , etc , and ask health questions . The life insurance company may also order medical records from your physician -LRB- s -RRB- . When all the requirements are in and the underwriter has reviewed it all , he/she will approve your policy at the rating that is warranted based on your medical and other information . They will notify your agent , who will then notify you . Payment may be done at the time the application is done , at the time the policy is approved , or after you receive the policy in the mail and you have looked it over and decided to keep it . "}
{"input": "Does Homeowners Insurance Cover Chimney Repair? ", "output": "Talk to your Insurance Professional about the specific terms and conditions of your policy . A homeowners policy will provide coverage to repair or replace your home and it 's parts so long as they are damaged by what is refered to as a `` Covered Peril '' . In other words , if the damage is a direct result of causes that are listed in your policy , then the policy coverage would apply . Naturally , any coverage settlement would be subject to your policy deductible . "}
{"input": "Does Homeowners Insurance Cover Chimney Repair? ", "output": "It may depending on the circumstances that caused the chimney to need repair in the first place . If homeonwers policy does provide coverage for the claim it may be subject to the policy deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "What Is Irrevocable Life Insurance? ", "output": "Life insurance is not usually referred to as irrevocable but there is such a thing as an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- that you may be referring to . This is a trust that owns one or more life insurance policies , and is the beneficiary of said life insurance policies , for tax purposes . By virtue of being irrevocable , it is not able to be changed by the person who has set it up to avoid paying estate taxes on the proceeds . "}
{"input": "How Does ROP Life Insurance Work? ", "output": "ROP life insurance works by providing life coverage for a certain number of years , then returning the premiums paid in if death has not occurred by the time the term ends . The ROP stands for `` Return of Premium '' . These policies start out at a higher price than regular Term , and unlike regular Term , the longer terms usually have lower premiums than those policies with shorter terms . Most will return part of the premiums if the policy is kept at least half of the term , then the amount you would receive increases each year . If you keep the policy for the full term , 100 % of the premium is usually refunded -LRB- usually , minus the cost of table ratings , flat extras , and riders -RRB- . "}
{"input": "How Does ROP Life Insurance Work? ", "output": "ROP means return of premium . If the insured survives to the end of the guarantee period , then you get your money back . If you terminate the coverage mid way , then you get some of the money back . A schedule is provided with the policy . Some people like this deal . Their thinking is , Life insurance is a great bargain only if you die . But if you outlive the policy , you will have spent money for nothing . So you should get your money back . I can see what they mean . Its kind of like wanting your cake and eating it too . That would certainly work for me . But it boils down to a question of what is the cost of having it both ways . First of all , you pay a much higher premium for the return of premium guarantee . That makes sense . After all , you are not only asking the carrier to guarantee your premium for a specified amount of years - you are asking them to guarantee your money back as well . You have to pay for that extra layer of insurance . Is the extra amount you pay competitive ? Depends . What if you are a savvy investor and know how to get some good value for your dollar ? If it was that important to you to recoup your life insurance expenses , you might be able to put a lot less into the right investment vehicle . Another point : the return of premium feature is available only with term insurance . The fact is , many people need permanent insurance . The good news is that you can have your cake and eat it too with this product as well ! You can take a universal life product and structure it to guarantee your premium for as long as you want , and at the same time give you a guaranteed cash value equal to your total outlay . The product is that flexible . And if you had the cash , you could do this with a single payment , as opposed to paying year after year . Best of all , you could plan on holding on to the policy for the rest of your life . Something to think about when you look at life insurance for a money back guarantee . Want to keep learning ? Check out my blog : Planrisklive.com "}
{"input": "Where Can I Buy Mobile Home Insurance? ", "output": "Most companies that offer homeowners insurance also offer homeowners coverage for mobile homes . If you are working with a local agent they will normally have more than one company available to them to be able to place a risk . Contact your local agent today and they will help direct you the company and policy that will best work for you . "}
{"input": "Can I Have Two Renters Insurance Policies? ", "output": "While I can not imagine why you would want two policies covering the same property you need to know that you will not be able to recover damages from both companies for the same loss . In other words you can not double your money . I would suggest that you meet with a trusted insurance agent and secure one policy that provides adequate coverage to meet your needs . "}
{"input": "Can I Have Two Renters Insurance Policies? ", "output": "You can have a renters policy for each rental unit you have . You could have a unit in the city where you work . You could have another in the country where you spend your weekend . You could have another in the mountains where you ski , hike and take vacations . If you want to take out two policies covering exactly the same thing expecting to get a double payment in the event of a claim , you might be subject to an investigation for fraud . "}
{"input": "What Is The Right Age To Buy Long Term Care Insurance? ", "output": "There are schools of thought that purchasing long term care insurance -LRB- LTCi -RRB- early on when youre healthy is the ideal time to buy LTCi . But other tributaries of thought say you should start seriously considering LTCi no later than age 50 . The LTCi market of insurance companies has decreased considerably . There are about six real players left in the brokerage community . The price tag generally drives the LTCi sales , but policy definitions should be the deciding factor when premiums are relatively equal . "}
{"input": "What Is The Right Age To Buy Long Term Care Insurance? ", "output": "There is no `` right age '' to buy long-term care insurance . That is factual . However , there are specific times when it may make a financially sound decision to consider purchasing a policy . For example , in your younger ages , the rates , as you may expect , is lower . Depending on your personal financial situation , this may be an ideal time to buy a policy . Each contract is different with many optional provisions . A full-time adviser is your best resource for information to this question . They not only are your primary source of information , they can shop the top carriers and plans so you get the best pricing . The number of companies that offer plans has reduced , so using a broker is more critical than ever . "}
{"input": "What Does Car Insurance Group 16 Mean? ", "output": "Group 16 is a classification of vehicles -LRB- mostly used in Europe -RRB- that are used to distinguish risk from other groups . For example , a Fiat 500 C and a Ford Fiesta are typically found in that group . If you live here in the US and will not be visiting Europe , it will not impact you . "}
{"input": "Why Buy Variable Life Insurance? ", "output": "That is a great question ! Of the three types of life insurance , term , whole life , and universal -LRB- or variable -RRB- variable is the most complicated . The things that make it different also make it riskier . This is not the policy for you , if you do not like risk , or do not want to have to keep track of its performance . This policy is called `` variable '' because your payments can vary . This can be a problem , if you send in a steady payment amount , and the policy expenses are more than the payment you are sending . Your policy will eventually eat itself alive , and collapse . If you are someone who likes risk , and will pay close attention to your policy 's performance , the policy can be a valuable part of your financial plan . This type of policy can -LRB- I repeat Can -RRB- generate large cash values , if the needed variables all fall into place . Talk to your agent or advisor , and see if this policy is what works best for you . Thanks for asking ! "}
{"input": "Is Gerber Whole Life Insurance For Adults? ", "output": "Gerber has Whole Life insurance policies for babies to senior ciitizens . Most are under $ 100,000 . Some -LRB- for persons over age 50 -RRB- are guaranteed issued policies . You can get a quote directly from the Gerber website or contact an agency like ours for a quote for guaranteed issue life insurance . "}
{"input": "Is Gerber Whole Life Insurance For Adults? ", "output": "Gerber life products are available for adults in small death benefit amounts intended as final expense policies -LRB- i.e. policies that pay for your funeral needs -RRB- . Their Grow Up and College plans are only available on juvenile -LRB- i.e. under 18 -RRB- applicants . To find out more you should seek out the advice of a licensed agent . "}
{"input": "Is Januvia Covered By Medicare? ", "output": "Prescription formulary is differentcarrierby carrier AND plan by plan and your location . So the answer to your question depends on your plan Best way to help you via text is to direct you to the medicare site WEBSITELINK Or call into the carrier you have and ask themspecificallyregarding the plan you bought from the , I am sorry I could not answer yes or no . "}
{"input": "Is Januvia Covered By Medicare? ", "output": "Januvia is used to treat symptoms of diabetes . While it is possible Januvia would be used for someone in hospice , you do n't have to be terminal to have Januvia as a prescribed form of treatment . Check your Medicare Part D drug formulary to determine if Januvia is on the list and if so , what your copay would be . "}
{"input": "What Are Longevity Annuities? ", "output": "Assuming you mean any annuity that has the policy provision to annuitize for life no matter how long you live . Lifetime income that you cant outlive is a powerful financial tool that can be the foundation of a secure retirement . If you annuitize a non-qualified annuity for life time benefits , the basis is amortized to your life expectancy as a portion of your payment from the start of distribution called the exclusion ratio . "}
{"input": "How To File A Health Insurance Claim? ", "output": "There are two ways to file a health insurance claim . The easiest would be to have your doctor or service providors employees file the claim directly through their office so that you do n't have to deal with it . If that 's not an option , health claim forms can always be printed off of your carriers website and completed to be submitted . "}
{"input": "How Much Is Life Insurance For A 40 Year Old? ", "output": "The price of life insurance for a 40 year old depends on the health , tobacco use , weight , and gender of the applicant , in addition to how much life insurance is purchased and what type of policy is bought . Short term policies cost much less than permanent policies . Policies for smokers usually cost at least double the rate of policies for nonsmokers . Coverage for those with serious health conditions can cost 10 times or more of the premium for a 40 year old with perfect health . To get an estimate of a life insurance quote for a 40 year old with your characteristics , you can run a quote on an website advertising `` instant life insurance quotes '' . You can input different amounts and different types of policies to see how rates differ for different scenarios . "}
{"input": "Do I Need Medicare If I Have Health Insurance? ", "output": "If you have current health insurance provided by your employer , and it is a comprehensive plan covering office visits , prescriptions and major medical , you should continue on that plan , assuming that rates are low or the employer is paying the premium . If you are age 65 or older , and are covered under a group plan at work , you will still be eligible for an Open Enrollment for a Medicare Supplement plan when you lose your existing coverage . It will be best to utilize an experienced broker and/or a reputable national website when you are in that situation . There will be many plan options available . "}
{"input": "Can My Auto Insurance Deny A Claim? ", "output": "In a heart beat . Just give them the opportunity . Actually , your auto policy is a extremely broad insurance policy and there truly are very few claims denied due to most claims are covered risk of loses . But if you are one of the weak bad boy characters and cause the loss directly or running form the in and out with a gun and wade of gum with a cartoon of cigs then you , my friend , are up the proverbial creek and NO ONE IS GOING TO GIVE YOU A HAND.Any vehicle used in a felony is just flat out of luck -LRB- that includes running moonshine irregardless of what the tv show implies -RRB- . "}
{"input": "Can My Auto Insurance Deny A Claim? ", "output": "The claim can be denied for fraud . Some companies refer suspected fraud to prosecutors . The claim can be denied if there wasnt any coverage . It can be denied if the policy was cancelled . It can be denied if the report was made too late . The denial of a claim is a very serious matter and companies are generally reluctant to deny a claim . If you had a claim denied you can seek recourse through the courts . "}
{"input": "Can My Auto Insurance Deny A Claim? ", "output": "Any insurer can deny a claim . For auto insurance and other forms of property/casualty insurance , the majority of the real underwriting takes place after a claim is filed . The insurer will send an adjuster to assess the situation and check facts that were given to the insurer . If the insurer discovers a circumstance that was misrepresented and would have prevented them from offering you a policy , or if they discover that the reason for your claim is not covered by the policy , the insurer will deny the claim . "}
{"input": "Who Sells The Most Annuities? ", "output": "According to LIMRA , in 2012 the top issuing carrier of annuities , which is measured by the largest amount of incoming money into its annuity products , was Jackson National Life . Number 2 was Prudential and number 3 was Met Life . "}
{"input": "How Are Annuity Gains Taxed? ", "output": "If you purchase a deferred annuity with pre-tax money , the entire balance , including the gains will be taxable . As long as the money stays inside the annuity , the taxation is deferred . A deferred annuity has an accumulation phase and a distribution phase . During accumulation , the annuity grows untaxed . When the annuity is paid out during the distribution phase , the payouts are taxed at ordinary income tax rates for you during that year . If you buy a deferred annuity with after tax dollars then a portion of the payouts will be a tax free return of your principal . It is considered `` last in , first out '' meaning that withdrawals are taxed until the interest and earnings portion is depleted . After that , your principal can be withdrawn without taxes . "}
{"input": "How Are Annuity Gains Taxed? ", "output": "How are annuity gains taxed ? Well , depending on how you funded the annuity and how you choose to distribute from the annuity the answer and be part of the distribution to all of the distribution . If you use qualified money to fund your annuity , you 've skipped paying taxes on those funds . This means when you have the funds distributed the entire amount is taxable . If you paid taxes on the money used to fund the annuity , you only pay taxes on the gains liquidated . The distribution is basically split in half for tax purposes . One thing as you consider distribution from your annuity . . only the money actually taken out is taxed , so taking funds out on a regular basis means you only pay taxes on what comes out of the policy . "}
{"input": "How Are Annuity Gains Taxed? ", "output": "Gain on an annuity is taxed as ordinary income . This is the situation with a non-qualified annuity . Gain is computed by the insurance company and is reported to both you and the IRS . If the annuity is held in a qualified plan , taxation will be in accordance with taxation for that plan . "}
{"input": "How Are Annuity Gains Taxed? ", "output": "That is a great question ! The answer depends upon how your annuity is structured , but the short answer is that a good portion of it is taxable . If your annuity is rolled into a retirement plan that was a pre-tax deduction , then whatever you draw from it is taxable . If it is one that you purchased for yourself and paid for post-tax , then the amount that the annuity earned in interest is taxable . Your annuity may pay out all the interest first , -LRB- which is taxed at whatever tax rate you are in at the time -RRB- until you hit the non-taxable amount you 'd invested into it , or it may pay a portion of both , and tax you upon the interest portion of that payout . I hope that helps , thanks for asking ! "}
{"input": "Can I Sue My Auto Insurance Company? ", "output": "I am not an attorney , so this should NOT be construed as legal advice , however , my belief is that it would depend on why you are considering suing them . There is normally a requirement in a policy that claims issues be resolved through an arbitration process between you and your insurance company . However , if you have been wronged in some other way , it is certainly possible . It is normally much less expensive to start with your state department of insurance . They are a consumer advocate and should help you make sure your rights are protected . "}
{"input": "Is It Worth Buying Long Term Care Insurance? ", "output": "Like any insurance . If you need it , it 's worth the price and then some . If you do n't then most feel that it is not . The thing with long term care insurance is that the older you get the more likely you are to need the coverage . Much life life insurance though this type of coverage typically goes up in cost with each birthday that you pass . "}
{"input": "Are Trampolines Covered By Renters Insurance? ", "output": "Many carriers will not provide renters/homeowners insurance coverage if the insured has a trampoline on the property that is covered . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Does Life Insurance Work After You Die? ", "output": "Actually life insurance was designed to work after your death . There are several types of life insurance policies with lots of riders that pay for lots of afflictions and uses . The one thing that all types of life insurance policies have in common is that they all pay a death benefit to your named beneficiary . So to answer your question , yes life insurance begins to work upon your death by paying the proceeds to your beneficiary tax free . "}
{"input": "Does Life Insurance Work After You Die? ", "output": "Once the death benefit is paid for a life insurance policy , the policy is no longer in effect , and no longer `` works '' . The death benefit is paid when the insured person dies . That is the main purpose of life insurance , to pay a death benefit when the insured person dies . "}
{"input": "Does Life Insurance Work After You Die? ", "output": "Does Life Insrance work after you die ? Many would say that 's the only time it does work . Life insurance is all about death benefit . You pay the premiums while you are living . You name a beneficiary . Also a backup beneficiary in case your main beneficiary dies before you do . Upon your death ... your beneficiary gets paid . It 's a beautiful thing . "}
{"input": "How Do I Join Medicare Part D? ", "output": "If you are eligible for Medicare and covered by Medicare Part A or Part B , you are also eligible to purchase a Medicare Part D prescription drug plan . Drug plans are offered and administered by private insurance carriers . The plans must be approved by CMS . Plans vary by zip code . "}
{"input": "How Do I Join Medicare Part D? ", "output": "You can get Medicare Part D prescription drug coverage when you have Medicare Part A and/or Part B . You can purchase the plan through a broker licensed to sell Part D plans or sign up directly through the Medicare.gov website . If you do not enroll in a Part D plan when you 're first eligible , you would have to wait until the annual enrollment period -LRB- Oct 15-Dec 7 of each year -RRB- to get a plan - the effective date for the coverage would be January 1 of the following year . Another way to get a Part D plan outside of the AEP is qualifying for a special enrollment period -LRB- e.g. coming off of group coverage -RRB- . For a full list of qualifying events and other Part D input , consult with an experienced broker -LRB- licensed for Part D coverage -RRB- or go to the Medicare.gov website . Please let me know if I can be of further assistance . Thanks very much . "}
{"input": "How Is Banner Life Insurance? ", "output": "Banner Life Insurance Company is a very strong company and one of many I do represent and sell . They are part of the William Penn Co. of NY and resideout of Maryland.Banneris an A + rated company by A.M. Best , and AA - -LRB- very strong -RRB- with Standard & Poor 's . They approach $ 6 billion in assets and are approaching $ 600 billionof in force life insurance . I am very comfortable with the carrier and their customer service . "}
{"input": "How Is Banner Life Insurance? ", "output": "I find Banner Life Insurance to be very competitively priced , able to take on many types of health , offering a nice array of products , and fine to work with . Their company is highly rated and is one of the arrows I keep in my quiver when shopping for people looking for affordable and secure life insurance . "}
{"input": "Why Is Long Term Care Insurance So Expensive In California? ", "output": "Long Term Care Insurance rates are based on a variety of factors including your age , where you live and your health . In many areas of the country -LRB- California for example -RRB- , the cost of facilities and other benefits is higher than many -LRB- not all -RRB- other parts of the US . That , of course will impact the rate . An experienced FULL-TIME broker is a great resource for additional information . You can compare plans and apply for affordable coverage . "}
{"input": "Why Is Long Term Care Insurance So Expensive In California? ", "output": "Why is long term care so expensive in California ? Well , probably the main reason is the cost of care in California is also on the higher end . Insurance premium costs use the cost of care , -LRB- or repair or services , with other insurances -RRB- to generate a premium . I would imagine if you looked you might find the cost of care in the state of California is up there . "}
{"input": "My father had an accidental death policy but he committed suicide. Can I still file this claim? ", "output": "Most accidental death policies have an exclusion for suicide , which means it will not pay the benefit for death caused by suicide . If you can find a copy of your father 's policy , there will be a section listing exclusions . If you can not find a copy , you could call the company he got it through and ask them to look up the exclusions for you . This must be a horrific time for you , so feel free to contact me directly if you 'd like me to assist you . "}
{"input": "My father had an accidental death policy but he committed suicide. Can I still file this claim? ", "output": "First off , I am very sorry for the loss of your father , my condolences . Unfortunately , an accidental death policy will only pay the claim as an accidental death and will not cover a suicide . The only hope I can offer is if the death is questionable and may have been accidental , but if the ruling is for sure suicide , I am very sorry to say the claim will be denied . "}
{"input": "My father had an accidental death policy but he committed suicide. Can I still file this claim? ", "output": "Accidental death insurance policies are generally pretty specific . In other words accidental death policies do not cover `` natural causes '' or death caused by illness , heart attack , stroke and the like . In fact there 's usually a time limit within which a person must die as a result of an accident in order to be covered by the policy . So if a person is critically injured in an accident , but lives beyond the time limit then dies as a result of the injuries , the policy will not cover the death . "}
{"input": "Can You Buy Auto Insurance At The Dealership? ", "output": "Great question ! Many years ago I purchased a policy at a dealership in Maryland so that I could drive the car I 'd just bought home . Some dealerships will have an agent that works there , -LRB- usually in the financing department -RRB- but often it is cheaper for you to call your agent , and have the new car added to your policy and emailed or faxed to the dealership while you wait . It can save you a few bucks , and a lot over the long run - like a gas station near the rental car return , they know if you need it , they can charge more , you will spend it . Thanks for asking ! "}
{"input": "Does Allstate Homeowners Insurance Cover Pitbulls? ", "output": "I would suggest speaking with your Allstate agent directly for a more detailed answer . However , Pit Bulls/Staffordshire Terriers are on the excluded dog list for all of my home insurance carriers . This excluded dog list generally includes breeds such as Pit Bulls & Staffordshire Terriers , Doberman Pinschers , Rottweilers , German Shepherds , Chows , Great Danes , Presa Canarios , Akitas , Alaskan Malamutes , Siberian Huskies and Wolf-hybrids "}
{"input": "How Much Renters Insurance Should You Get? ", "output": "There is a simple way to determine how much coverage to purchase on a renters policy . Get a camera and take a picture of every room to include closets and dressers . Dispassionately list the things that you see in the photos that are your property . Alongside the list enter the cost to buy a replacement item . This should actually become two lists because you can list the value of the used item or the cost of a new replacement item . Total the lists and decide if you want replacement cost coverage or just want to have the used stuff replaced with other used stuff . The number that you select then becomes the amount of personal property insurance that you should purchase . However , the really important figure is often neglected and that is the amount of liability insurance do you require . My rule of thumb is get as much as the company will write . A lawsuit can ruin you day and your future . Someone could slip inside your apartment and have major problems and you need coverage because you might be responsible . "}
{"input": "How Much Renters Insurance Should You Get? ", "output": "That is a question I hear everyday and thankfully the answer is usually the same : The amount you need to cover the contents you own in your rental unit . Whether you are renting a small one bedroom apartment or a full house you need to take an accurate inventory of your belongings to make sure that you have the right amount of coverage to replace EVERYTHING that you own . In the past I have heard people using a rule of thumb at $ 10,000 per room rented . That includes the kitchen and bathrooms . The amount can increase if you have high end furniture or an expensive wardrobe . If you have collectibles , jewelry or other valuable items you might want to look at getting an inland marine policy to cover those items separately . "}
{"input": "How Much Renters Insurance Should You Get? ", "output": "Rich gives you a great answer , let me just add a few comments . While many folks renting are aware of the value of your contents remember that you want to be sure to specify to your agent that you want replacement cost coverage . Getting a settlement of $ 10 for that 200 lb TV is not what you want . You want to have enough coverage to replace your contents . The other thing I want to point out is that the liability coverage inthe renters policy like the liability section of homeowners in general is very competitivelypriced . Do n't skimp here . If you are inclined to buy a 100.000 in coverage , ask your agent how much more would 300,000 . be . i think you will be pleasantly surprised . "}
{"input": "Does Walmart Provide Health Insurance For Employees? ", "output": "This is a great question . Most employers dictate what qualifies an employee for benefits . Factors can be if you are full or part time , hours worked etc. and there may be a waiting period . I tell everyone that they have the option to get their own individual health plan and in the event that you change careers , you wo n't have to worry about your health plan ending . "}
{"input": "Is Workers Comp The Same As Disability Insurance? ", "output": "No , workers compensation is not the same as disability insurance . Workers compensation insurance is insurance purchased by an employer to cover employees who become injured on the job and as result can no longer work . It provides income benefits to the covered employee while they are out of work . Disability insurance covers an individual regardless of the time place and manner of the event that prevents them from working -LRB- i.e. it does not have to happen at work -RRB- . Disability insurance is also generally set up to cover a larger amount of lost income . "}
{"input": "What Is Life Insurance Cash Surrender Value? ", "output": "The two main types of insurance that have cash value are commonly universal life and whole life insurance policies . These types of permanent life insurance policies build cash value by over funding premiums . These types of policies have many perks and riders . If you were to cancel or `` cash out '' this policy type the amount of money you would receive is known as cash surrender value . The gains on this cash is taxed as ordinary income . If you were to leave the policy in force and simply borrow the cash , those funds can be used income tax free . I would advise speaking to your agent or carrier about all of your options before cashing out . "}
{"input": "What Is Life Insurance Cash Surrender Value? ", "output": "Life Insurance Cash Surrender Value is tbe Cash Value of a Whole Life policy . The money accumulates upon the amount of premium paid through the years of the policy at a compounded value . The last percentage is more than bank interest . When the policy is surrendered or terminated in the later years which is best than early since hardly any accumulation or not enough value cash that accumulates will be surrendered to the policyholder . "}
{"input": "What Is Life Insurance Cash Surrender Value? ", "output": "Life Insurance Cash Surrender Value is what will be returned to you if you cancel a permanent life insurance policy that has a cash value available . This surrender value may be less than the actual cash value as all loans will be paid back & surrender fees will be taken . Beware , if the surrender value is more than the money or premium you have paid in , there may be a taxable event you will have to deal with . "}
{"input": "What Is Life Insurance Cash Surrender Value? ", "output": "The cash values in a life insurance policy is the money accumulated over years inside a cash value or whole life insurance policy . It can be borrowed against or received in a lump sum upon surrender of the policy . The cash value reduces the financial liability of the insurance company as it grows inside the policy because in most policies it becomes part of the death benefit . This makes a cash value policy a very poor investment for the client and , in most cases , does not provide adequate coverage to pay for final expenses , paying off debt and the mortgage , and providing income replacement . For those who have a cash value policy there is alternatives to restructuring to improve the financial situation . "}
{"input": "Why Does Life Insurance Cost So Much In Nevada? ", "output": "If you find that the price for life insurance is high in Nevada , it may be because you are older , have a health condition , or are locking in the premium for a long period of time -LRB- such as happens with longer terms or permanent insurance -RRB- . It could also be that you are just hearing one quote and could benefit by shopping more companies . You can do that by visiting a website that offers instant quotes for life insurance in Nevada . There you will find the most competitive rates from a number of companies , for someone your age and health . "}
{"input": "Where Can I Get Car Insurance With A Learner Permit? ", "output": "Most major auto insurance companies will insure you with a learner 's permit ... assuming that you are a listed driver on your parent 's -LRB- for example -RRB- policy . Typically , you are not charged a premium during the pre-licensing stage but you will be rated on the policy once you obtain your full driving privileges . "}
{"input": "Where Can I Get Car Insurance With A Learner Permit? ", "output": "Depending on your age and state some carriers can issue a policy as a non owned and cover your with out a license but as soon as you get your license you will need to change that . If you are just a driver on a policy and have a permit and change to a license it should lower the rates "}
{"input": "Does Renters Insurance Cover A Broken Refrigerator? ", "output": "Your tenants policy does not cover a broken appliance . It does cover an appliance that is damaged as the result of a covered loss . For example if there was a fire in the kitchen and the refrigerator need to be restored or replaced your tenants policy would have coverage . There are policies that can be purchased that cover appliances but it is not your tenants policy . "}
{"input": "How Long Can You Stay On Health Insurance Of Parents? ", "output": "You can stay on your parents health insurance until age 26 at which point you would be kicked off the plan and have to secure your own coverage . You have the option to get your own coverage prior to age 26 if you prefer . Consult with an experienced broker to discuss your options and see what the best course of action is for your program . Please feel free to contact me for help . Thanks very much . "}
{"input": "How Long Can You Stay On Health Insurance Of Parents? ", "output": "That is a great question ! One of the nice things the Affordable Care Act -LRB- Obamacare -RRB- did was extend the amount of time that children could remain covered by their parents ' insurance to the age of 26 . It was designed to help college and recent graduate aged kids get coverage when they otherwise may not have been able to afford it . Thanks for asking ! "}
{"input": "How Long Can You Stay On Health Insurance Of Parents? ", "output": "You can stay on your parent 's health insurance website until you are 26 ... subject to some conditions . As an experienced health insurance broker with more than 33 years of experience , this question is asked almost daily ! Of course , a child can apply for their own policy at any time or get coverage under a University or group plan also . As a broker , our job is to closely compare each option and determine the best policy for cost , benefits and network coverage . "}
{"input": "How Much Does Plan B Medicare Cost? ", "output": "The cost of plan B will vary depending on your age , gender , zip code , tobacco use , height and weight -LRB- some carriers use this -RRB- and the carrier you pick . Medicare Part B -LRB- if this is your question -RRB- is $ 105 per month for 2013 . Only a few carriers offer Medicare supplement plan B . It is not very popular . "}
{"input": "Is There A Medicare F? ", "output": "Medicare supplement plan F , also known as Medigap plan F , is extremely popular among seniors . In most states 60 % or more of the Medigap plans owned by seniors are plan F. Medicare supplement plan F pays 100 % of approved Medicare Part A and Part B claims after Medicare adjudicates and pays their portion . In spite of the popularity , over 90 % of my Medicare clients pick something OTHER THAN plan F . "}
{"input": "Is There A Medicare F? ", "output": "Medicare SUPPLEMENT plan F is probably what you are thinking about . Medicare has 4 parts . Part A is the hospital portion , Part B is outpatient , Part C is Medicare Advantage , Part D is drugs . Medicare supplement plan F pays 100 % of approved Medicare Part A and B expenses that are not paid by Medicare due to deductibles and coinsurance . "}
{"input": "Will My Home Insurance Go Up If I Make A Claim? ", "output": "It is possible that you will see an increase in your Homeowners ' premium at renewal if you make a claim . That is tending to be the common practice among Home Insurance providers , generally speaking . While some claims can not be avoided - those resulting from severe storms for example , you can reduce the possibility of a claim by properly maintaining your home and property . Trim over hanging tree branches and shrubbery around your home . These simple examples can reduce the risk of a tree falling on your roof or someone using your landscaping to hide a break in . "}
{"input": "Which Home Insurance Is Best In New Jersey? ", "output": "This question could be answered in a variety of ways . But the best insurance would be a program that you and your independent agent customized to your needs . Ideally , in my honest opinion you would want a mutual company as your carrier , as mutual insurer has no stockholders , the policyholder is actually the owner . So a mutual company puts its policyholders and reputation ahead of profits . If you can choose one with a good AM Best rating . "}
{"input": "How To Make A Claim At Medicare? ", "output": "I am not aware of any way for an individual to file a claim with Medicare . Medicare requires medical providers to file claims directly on your behalf and do so on a timely basis . Claims are filed electronically , adjudicated by Medicare , and then Medicare files your approved claim with your Medigap carrier via crossover . "}
{"input": "Does Health Insurance Cover Wellness Coaching? ", "output": "Does health insurance cover wellness coaching ? The new Affordable Care Act covers many wellness -LRB- preventive -RRB- items . But coaching ? Based on my 32 years as a broker , I do n't believe it is covered . It is always possible that if it is considered therapy or another type of needed treatment , it might be covered . "}
{"input": "How Are Annuities Invested? ", "output": "There are basically three crediting methods used in deferred annuities : interest rate crediting , indice crediting and separate sub account crediting . Interest rates are generated by the companys predominately government bond portfolio . Most indexed annuities invest their interest rate returns in domestic and foreign index options . Variable annuities use equity and bond instruments in their separate sub accounts selected by the variable annuity owner . These separate sub account allocations are subject to market risk , i.e. you can lose money . "}
{"input": "Why Does Renters Insurance Cost So Much In New York? ", "output": "Probably because the actuaries in Underwriting have calculated the risk of something happening to property in NY to be higher than in Wyoming . With millions of people , there is much more likelihood of a burglary or other perils befalling a tenant . I do n't know for sure if you are talking about in Manhattan , but if you are another possible reason is that the premium is calculated in part by the value of the Personal Property . People living on 5th Avenue tend to have more - and more expensive things than the Average Joe ! "}
{"input": "How Can I Make Sure That I Don't Run Out Of Money In Retirement? ", "output": "There are two issues involved in determining the likelihood of running out of money . The first is the amount of money you have accumulated to help provide retirement income and the second is the rate at which you spend that money . The return on the accumulation is important however without sufficient capital and a reasonable rate of withdrawal your retirement nest egg can be exhausted at some point . Retirement could last a very long time . Some will be retired longer than the period of time that they work . With improving health and medical treatment for diseases that have shortened the lives of those before us , you could be looking at a retirement of more than thirty years . Retirement may start unexpectedly . Waiting to start accumulating money for retirement can be hazardous . Almost forty percent of retirees report that there retirement started because of circumstances beyond their control . Losing a job after age 50 could trigger retirement as could the disability of a spouse or parent . Moving capital from your current income stream is critical to develop a retirement fund . As crucial as returns can be , unless there is a movement of capital there isnt anything for those results to work with . If you are employed you should certainly understand your employers pension plan if one is offered . Under normal circumstances the company pension plan will provide the greatest opportunity to shift capital into a retirement fund . If you are the employer there are some opportunities for you to provide for your retirement . Many of these are complicated and require expert assistance . The bottom line is that you do have opportunities . Individuals can also establish Individual Retirement Accounts -LRB- IRA . -RRB- This also applies to spouses that are not gainfully employed . The contribution is limited but if started early enough can make a significant contribution to the movement of capital into your retirement fund . You might have heard of a Roth IRA and that too can become an important part of your retirement fund but it has different rules and you should consult with a tax consultant and a Retirement Income professional about that . The second half of the issue is the way that money is withdrawn from your retirement account . This whole subject is really complex and involves a lot of decisions but the basic thing is to understand the need for a budget . Without a budget you can not set a withdrawal rate and you can not know how long your retirement fund will last . Most Americans resist budgeting but it is something that can be started easily and can be started even today . While you might not be retired you can start to record your expenses . The longer you do this the better handle you will have on your spending . The more detail you use in your record keeping the more your budget projections will increase in accuracy . There are assets that most people do not consider as they come into retirement . The first is their ability to work . If there is something that you enjoy and are good at you should prepare to move into that activity when you retire and with some planning that can be an income producing activity . This can be anything from consulting to a hobby that you love and from which you are able to earn money . Some people write some take photographs ; others sell hand made products at trade fairs . These types of activities can enhance your retirement fund by reducing the need for immediate income . There are , of course many other issues to consider such as housing , long term care and legacy goals but if you can get these two principles started you will be well on your way to providing a satisfactory and predictable retirement . "}
{"input": "How Can I Make Sure That I Don't Run Out Of Money In Retirement? ", "output": "That is the million dollar question for sure ! You are definitely not the only one asking that question , or losing sleep worrying about it , I promise you . There are a few ways that you may want to consider . The easiest is to invest in some annuity products , so that you can receive an income for your entire life . Wise timing for taking your Social Security benefits can help also - the later you take them , the higher the benefit amount . Investing in an IRA , like a Roth , can also help provide a source of income - Roth 's are good , because you are n't required to start withdrawals from them , so you can let them grow for as long as you can before tapping into them . Start investing and saving early ; reduce whatever debt that you will be heading into retirement with ; and have a solid idea of what retirement looks like to you , so you know how much you will need to have put away to make that retirement vision a reality . I hope that helps , please feel free to contact me if you need more help , okay ? Thanks for asking ! "}
{"input": "Does Home Insurance Cover Robbery? ", "output": "Most home insurance covers theft and robbery , subject to a deductible and certain limitations on various items such as jewelry , computer equipment and firearms . If you have more of these type of things than your insurance covers talk with your agent and for a small extra premium you can either schedule these items or purchase extended coverage . Always make sure you take your deductible into consideration before filing a claim . It may not be worthwhile . "}
{"input": "Can I Get Life Insurance If I Have Lung Cancer? ", "output": "If you are currently receiving treatment for lung cancer , unfortunately you are unable to get a life insurance policy unless it is guaranteed issue . Guaranteed issue policies do not ask any health questions and usually have a minimum age of 40 to 55 . They also will have a graded period the first years of the policy , and have a fairly low maximum face amount -LRB- under $ 50,000 -RRB- . Then when you have been cancer free for a while your options will improve . "}
{"input": "Can I Get Life Insurance If I Have Lung Cancer? ", "output": "Insurability is realative to the company , type of policy , the stage of the disease , otherfamily and medical historyand the amount you want to spend for coverage . Almost everyone is insurable with any number of malidies it all depends on the company and the policies that they offer as to whether or not lung cancer is an acceptable risk . The best place to find out the answers to questions like this is your local agent . Give them a call . "}
{"input": "How Much Is Individual Health Insurance? ", "output": "How much a specific individual should be paying for health insurance is a hard figure to try and quantify . 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 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 feel free to contact me for further assistance . Thanks very much . "}
{"input": "How Much Is Individual Health Insurance? ", "output": "Individual health insurance costs less than it ever did . As an experienced health insurance broker with 33 years of experience with a top-rated website , I 'll answer your question quickly and accurately . The cost of coverage depends on many factors , including your age , income -LRB- for the subsidy -RRB- , zip code , and type of policy . Shopping the correct way will save consumers time , money and frustration . That 's our job and saving customers money is the end result . "}
{"input": "How To Get Cheap Car Insurance At 17? ", "output": "Need cheap car insurance at age 17 ? One of the most important things to do is to shop and compare different rates from multiple carriers . Prices can vary by as much as 50 % , depending on the insurer that you are using . Utilize all discounts , including good student , multi-policy and any other offered reductions . A broker will handle all of this for you at no cost . LIVE answer provided by : Ed Harris - Premier car insurance broker for 33 years and owner of several top-rated auto insurance websites . "}
{"input": "How To Get Cheap Car Insurance At 17? ", "output": "The way to get cheap auto insurance at age 18 might vary by your state . In California it would help if you were a part of a household with other drivers who have a good driving record . It will help a great deal if you are at least a B student , carrying a full load . It would help if your driving record was spotless . It would help if your household had other lines of insurance with the same carrier , there might be several multi-line discounts available . Different insurers might offer additional discounts . Finally , it might help if you were assigned to an older car and accepted only PL/PD coverage on that vehicle . "}
{"input": "How Can I Become A Car Insurance Broker? ", "output": "To become a car insurance broker you will need to complete your states pre-licensing requirements and then take the state licensing exam . Once you pass the exam you will have your license issued , pending satisfactory review of your background check . Access to insurance carriers is more restricted when it comes to home and auto insurance vs. some othe lines of insurance , so you are best served to find a career position with a major carrier , or work as an assistant for a well established agent . This will give you the ability to eventually access independent carriers directly . "}
{"input": "How Does A Whole Life Insurance Policy Work? ", "output": "Participating whole life insurance is the most cryptic contract in the insurance and financial product inventory . It is difficult to disassemble into distinguishable parts . That being said , a base policy in participating whole life insurance is a guaranteed premium for a guaranteed death benefit for the maturity of the contract , generally between age 100 and 121 . The dominate portfolio of many participating whole life insurance company is investment grade government bonds . Those portfolio returns coupled with a return of unused premium form the basis of a dividend . "}
{"input": "Does Number Of Car Doors Affect Insurance? ", "output": "The number of car doors can indeed impact what you pay for your car insurance rates . There are specific models where a four-door rate will be different than a two-door rate . This could be because of cost , crash test results or other data the insurer gathers . It does not impact all vehicles but just selected models . "}
{"input": "Does Number Of Car Doors Affect Insurance? ", "output": "Not these days , and nor does the color . The Insurance Industry has evolved a great deal over the years and now uses much more sophisticated elements in their pricing and risk analysis . The year , make model and VIN tell an underwriting matrix much more about the risk along with your driving and credit history than does the number of doors the car may have . "}
{"input": "Does Number Of Car Doors Affect Insurance? ", "output": "That is a great question ! It is n't so much the number of doors , as it is the make and model of the car . A sports car is generally going to be more expensive to insure than a station wagon , typically because of the way they are driven . Statistically , the sports car will be more likely to be involved in an accident or garner traffic violations , than the pedestrian , family car . The sports car will typically be more expensive than the average family sedan also , making the premiums higher . That is what will cost you , not the number of doors , so much . Thanks for asking ! "}
{"input": "What License Is Needed To Sell Variable Life Insurance? ", "output": "Variable life insurance is another form of whole life insurance . There is no special license needed . As long as you have a license to sell life insurance you would be able to sell variable life . Which license you need to sell life insurance varies state to state . In my state of Florida all you need is a 2-15 or a 2-14 license . "}
{"input": "What Was The First State To Provide Disability Insurance? ", "output": "Rhode Island was first , followed by California , then New Jersey , and then New York . Years later , Puerto Rico joined the ranks , and Hawaii was the last state to provide Disability Insurance . They all use slightly different methods , but all provide temporary disability benefits through the use of tax dollars . "}
{"input": "What Does A Medigap Policy Cost? ", "output": "Medigap premiums are determined based on the plan you select , your age , gender and zip code . Most carriers also surcharge for tobacco use and some will charge a higher rate if you are obese . All plans with the same letter are identical in every way except cost . When you pay more you do n't get more , you simply paid too much . "}
{"input": "Does Medicare Part A Cover Outpatient Services? ", "output": "Medicare Part A covers hospitalization benefits . It covers all costs for most hospital stays , except there is a deductible of about $ 1260 in 2015 . All out-patient benefits are provided by Medicare Part B . These include doctor visits for illness as well as wellness care , testing etc. . Note that you must pay for Medicare part B . The cost is generally about $ 105-110 / mo , unless you are in a higher income bracket . There is a deductible for Part B benefits also . It is $ 137 in 2015 . Medicare Part B covers about 80 % of the costs of out-patient care if the service is provided by a practitioner who/which accepts Medicare . A Medicare Supplement could pay much or all of the deductibles and co-pays under Medicare . You must continue to pay the Part B premium . If you choose to be covered by a Medicare Advantage Plan , INSTEAD of Medicare , you must continue to pay the Medicare part B premium . "}
{"input": "Does Medicare Part A Cover Outpatient Services? ", "output": "Medicare Part A -LRB- Hospital -RRB- covers an inpatient hospital stay , skilled nursing facility -LRB- rehab -RRB- , hospice and some home health care . Medicare -LRB- Part B Medical -RRB- covers medically necessary services for the diagnosis and treatment of illnesses . These are Outpatient Services received at a doctors office , hospital , clinic or other health facility . "}
{"input": "Does Medicare Part A Cover Outpatient Services? ", "output": "Medicare Part A is the hospital portion of the Medicare program . In 2013 your Medicare Part A deductible is $ 1184 per admission and covers your initial 60 day hospital stay . If your stay extends beyond 60 days there are per diem deductibles that must be satisfied . Medicare Part A covers inpatient hospital services . "}
{"input": "What The Best Disability Insurance? ", "output": "It truly depends on your occupation and your medical history . For high risk jobs , a sub-standard carry like Lloyds of London or Fidelity offers great products . If you 're a physician , Standard , Principal or MetLife can offer very competitive rates . If you 're considering purchasing DI , ask your agent to shop around and provide you with multiple quotes . Remember , just because it 's the cheapest , does n't mean it 's the best ! "}
{"input": "Can I Get Life Insurance If I Have Hypertension? ", "output": "Can you get life insurance if you have hypertension ? Possibly . It 's going to depend on your level of control and how long you 've been treated for Hypertension . With conditions like Hypertension the longer you 've had it is actually better , especially if you can show a good record of control with medication . An underwriter would be more leary of an applicant with just diagnosed hypertension . A track record of control on the other hand , can still get a person preferred rates with some companies . "}
{"input": "Can I Get Life Insurance If I Have Hypertension? ", "output": "Hypertension that is well controlled by medication can be rated as good as Preferred + with some life insurance companies . What is called well controlled varies by age ; you get a little more leeway if you are middle age or older . Some companies look at the highest reading in the past year ; some look at an average over the past years . If you have had one spike in the past year , or if you had a high average but the last 6 months have been much lower , you would be better off picking one company over the other . Uncontrolled blood pressure , hypertension in conjunction with other serious health conditions such as kidney disease or CHF , or blood pressures that requires 3 or more medications to keep it down , can cause a policy to be rated up or declined . "}
{"input": "What Is Homeowners Insurance Based On? ", "output": "The actuary is a person in an insurance company that compiles mountains of data from previous claims . From this information they develop a standard rate . The underwriter is a person in the insurance company that reviews the application to see if it meets the requirement of the standard rate . The underwriter may adjust the rate further or decline a home based upon their review . The standard rate is based on the location of the dwelling , the construction of the dwelling , the cost to replace the dwelling , and the presence of unusual hazards -LRB- trampolines , swimming pools and derelict autos . -RRB- One factor that few consider is the presence of a pet . Some pets have a statistically significant risk of lawsuit . Another hazard is the placement of an evaporative cooler . When they are located on the roof they frequently result in water damage claims . Another consideration is the pitch of the roof . As you can see there are a number of variables that the underwriter must consider . That is why they frequently request photographs of the house . "}
{"input": "Can You Negotiate Life Insurance Rates? ", "output": "Good question in as much as you can negotiate price for just about anything else ! But , no , life insurance premiums are really not negotiable . It 's interesting to note that different insurance companies do have slightly different pricing for similar products , but once approved by the commissioner they are locked in until the insurance company can prove their costs have risen . Tim and Peggy above here have good input regarding getting the best rates . I would add that if you can pay your premium annually instead of monthly or quarterly you will save a little . Generally the less payment processing the company has to do will reflect in the premium charged . "}
{"input": "Can You Negotiate Life Insurance Rates? ", "output": "No , the applicant has no say in what a life insurance contract will state or cost . The best way to get the absolute best price is to live a healthy lifestyle and use an experienced independent life insurance broker than can shop at least dozens of companies to find you the best product at the best price for your unique situation . "}
{"input": "Can You Negotiate Life Insurance Rates? ", "output": "State insurance commissioners regulate insurance companies that are admitted to their state . Along with the commissioner in the state where an insurance company is domiciled they review and approve the rates each company charges for each insurance plan that they offer . In a way the insurance commissioner negotiates on your behalf to make sure that the plan is sound and that the company can keep its promises . "}
{"input": "Can You Negotiate Life Insurance Rates? ", "output": "No , life insurance rates are non-negotiable to the extent that you can not ask for a discount . Likewise , all agents must charge the same rates . When you see an agency advertising affordable rates , what we mean is that we can shop multiple companies to place you with the one that is most favorable for your health and age . When you see an agency broadcasting extremely low prices for life insurance , what they are doing is quoting the best rate for the shortest term . Most brokers have access to those same companies and rates , and applying with one agency over another will not cause you to qualify for a discount . What does matter in life insurance rates is matching up with an agency who understands your situation and can help your policy be placed at the best possible rate . This starts with putting your application with the right company , and it ends with seeing that policy through to the end . If your doctor has retired and moved to the Bahamas and no one can find the medical records required to get your policy approved , this agency will track them down or work with the underwriter to get you approved without them . If you are rated up due to an error on your MIB , they will help you get it corrected and go back for a lower rate . If your spouse loses their job and you can no longer afford the 30 year term policy you were approved for , they help you get the 10 year term until you are back on your feet . While insurance agents can not negotiate life insurance rates , we can be responsible and knowledgeable and help you get the lowest rates by simply doing our job correctly and thoroughly . "}
{"input": "What Does HMO Health Insurance Cover? ", "output": "HMO 's cover the same medical services that traditional major medical insurance plans , either group or individual cover . The essential difference is in the provider network used to deliver these benefits and how the subscriber 's access to their benefits is guided by this approach . HMO stands for Health Maintenance Organization and while there are variations on the theme , in its purest form an HMO has an exclusive network of contracted providers that must be used by subscribers to the HMO in order to receive covered services . In this context an HMO would not pay for services a member receives from a non-HMO provider . Also , HMO 's often use a `` gatekeeper '' approach that requires a referral from a Primary Care Physician before the member can receive care from a specialist or other HMO provider for non-emergency services . Theoretically the HMO concept assures that your Primary Care Physician is overseeing the member 's complete range of health care services and treatment , makes sure that care is being delivered in the most appropriate and cost effective setting and manner , and maximizes the overall efficiency of the delivery of health care to its members . In practical terms the HMO concept has generally fared best in higher population density areas that have an extensive and competitive medical infrastructure in place . One of the main reasons for this is that the HMO providers can actually be employees of the HMO or have negotiated deep discounts for their services with the HMO in exchange for a high volume of patient traffic . Accomplishing this in a metropolitan area like Los Angeles is far easier than in a rural area where there may be not be many competing providers and hospitals and these providersare already serving virtually all of the area 's population . Also , the more restrictive and controlling nature of the HMO concept has not always been welcomed by the American consumer who has been accustomed to making their own choices when it comes to selecting their doctors , hospitals and pharmacies and having a high degree of freedom in when and where they access the health care system . While HMOs can deliver excellent benefits and services at attractive rates , the potential consumer should also consider the trade offs involved in achieving these ends . If the consumer finds the HMO network to be sufficient for their perceived needs and understands therules of being an HMO member it can be a very positive environment in which to receive one 's health care . Going into an HMO without understanding and accepting these factors can lead to a very unsatisfactory and perhaps costly experience . "}
{"input": "How To Set Up A 401K? ", "output": "A 401 -LRB- k -RRB- plan is a tax favored retirement program established by an employer for the benefit of the employees . Individuals can establish Individual Retirement Accounts -LRB- IRA -RRB- to accomplish the same for their retirement in a tax favored manner . The investments for their 401 -LRB- k -RRB- or an IRA may be available outside the plan , some , annuities , retain some of their tax advantages and can assist a person in augmenting their plan to retire . "}
{"input": "How To Set Up A 401K? ", "output": "How to set up a 401 -LRB- k -RRB- ? First before you decide on a 401k as your retirement plan , make sure it makes sense . Most people know the name 401k and sort of apply it as all retirement plans , but actually it 's one of many plans out there that an employer can use . The big thing I would suggest anyone look at before establishing a retirement plan is the cost of the plan itself . Typically a 401k will have fees for all people under the plan , participating or not . You will have discrimination tests to be run on the plan and contributions . Before you commit to a particular plan , check and see what the plan cost to operate . If your costs are greater than your returns , is it a good choice ? "}
{"input": "How To Set Up A 401K? ", "output": "That is a great question ! If you want to set up a 401k plan as an employer , the brokerage company should easily walk you through the process . If you were talking about setting something up for yourself , you mean an IRA , or `` individual retirement account '' . There are several options here , and you would really want to speak with an advisor before jumping into one . Drop me a line , if you 'd like . Thanks for asking ! "}
{"input": "What Are SPIA Annuities? ", "output": "Single premium immediate annuities can be paid over lifetime income you cant outlive . The older the annuitant is the higher the mortality credit assigned to the annuity and in tandem with the credited interest rate can actually perform well even in a low interest rate environment were experiencing "}
{"input": "What Are SPIA Annuities? ", "output": "SPIA stands for single premium immediate annuity . Which means , you receive a set amount of money on a regular basis , on an annuity you purchased with a single deposited premium . SPIA 's can be very practical , and especially beneficial for specific situations , including : retirement , terminal funding , pension terminations , and retired life buyouts . As well as individuals who have received a lump sum of money from a structured settlement of sorts , like : injury , divorce , or inheritance . The purpose of investing your money in an immediate annuity , is to have a steady income for the rest of your life ; by prolonging the principal without the risk of fluctuations in the financial markets . Plus there can be significant tax advantages , depending on the funding of the premium and the amount of income payments you elected to regularly receive . "}
{"input": "Does Renters Insurance Cover My Bike? ", "output": "If the bike is stolen or damaged by a peril covered by your renters insurance the answer would be yes . It is considered your property and would therefore be covered . Renters insurance covers any of your personal property . Check with your agent to review the exact terms of your renters policy . "}
{"input": "Which Home Insurance Is Best In California? ", "output": "When this question is asked I am not sure if you mean the best insurance company with coverage 's and claims or the who has the best rates . Let 's address rates first : There is no company who has the best rates as there are many varying factors that can make one insurance company rise to the top over another as it pertains to premium . In other words who has the best rate for me may not be the best for you , and we could live right next door to each other . Now lets move on to the more important issue and that is coverage 's : What you have to understand is most insurance companies have varying options/packages of coverage 's available to purchase . In most cases agents tend to offer the cheapest package which does not maximize coverage 's that are potentially available to the client . I suggest when shopping for insurance that you truly consult with your agent about the different options available by an insurance company so you can make an educated decision on the coverage you wish to purchase and how much of the risk you yourself wish to assume . As an independent agent I am able to offer quotes and coverage 's from multiple companies to help my clients make the most informed decision about their most important asset , and that is their home . Now the next subject would be claims : Which insurance company continues to rise to the top in claims handling . There are many independent websites which you do a quick search on and find ratings on how well claims are handled and their overall customer satisfaction and loyalty . There are many companies that are great in the claims area that I bet you have never even heard of . You will also find negatives on every insurance company out there without exception . Most of the negatives are due to coverage 's not being in place that the client thought they had . Or in other words . A lack of understanding their policy . This goes back to my suggestion on being educated on the coverage 's available to you . There are many independent online reviews available to you -LRB- some good , some not so good -RRB- that will give you ratings on how well the claims experience is for clients and how insurance companies rank in the claims department . But there is one thing that I believe is very critical to the claims process and that is your agent . An absentee agent can make the process very frustrating if you are having some communication difficulty with the insurance company . An agent that is actually working for you can help make any unfortunate claims experience must less painful then it needs to be . So never take the agent out of the equation when shopping for homeowners insurance . So with all that being said , my parting advice is do your research , consult and ask lots of questions from your agent . Do n't be shy are think it 's a dumb question because it 's not . After all , were talking about your home . "}
{"input": "Which Home Insurance Is Best In California? ", "output": "The best home insurance is the policy that pays the maximum allowable with the least hassle when you have a claim . Every other measure becomes meaningless . The way to have this best policy is to work honestly with a trusted insurance agent , which is someone who will listen to you , provide good financial advice and communicate clearly with you and the insurance company . The most important advice will be on setting limits for coverages . There are various limits and each deserves careful consideration . In the end the premium means very little if the coverage is not complete when you have damage . "}
{"input": "What Is A Blue Medicare Card? ", "output": "In Australia , a blue Medicare card is an interim card issued to individuals or families eligible for Medicare in that country . Some people in the United States may call a Medicare Supplement card from Blue Cross Blue Shield a blue Medicare card . However , Medicare cards in the US are red white and blue . "}
{"input": "Can Homeowners Insurance Be Reinstated? ", "output": "In most cases yes . Depending on the reason for the lapse and the term of the lapse many carriers will allow the policy to be re-instated . Normally the lapse term can not be more than 30 days . If you have had a lapse in your coverage and want to see about getting the policy re-instated contact your local agent , they are the front and rear line when it comes to your coverage . They can help you get your insurance coverage back on track . "}
{"input": "Does Homeowners Insurance Cover Wind Damage? ", "output": "Short answer is yes it does . Wind is a normal covered peril in a standard Homeowners ' policy . Now , how the coverage is applied may vary a bit depending upon the location of your home . If you are located in a coastal community as opposed to inland , some Insurance Companies may require a higher deductible for wind damage coverage . Some consider it separately , others lump wind together with hurricane . It may also be handled differently in areas that are more subject to tornadoes . It is best to talk to your Insurance Professional about the specific terms and conditions of your policy . "}
{"input": "Does Homeowners Insurance Cover Wind Damage? ", "output": "Homeowners insurance comes in different forms ; in most States , if you have a Form HO3 -LRB- Special Form -RRB- or a Form HO5 -LRB- Comprehensive Form -RRB- , Wind damage is covered to your dwelling , other structures and personal property . If you have incurred damage as a result of wind , it is important to protect the structure from further damage immediately and file a claim with your insurance carrier . If you are not sure whether to file a claim and need advice , you should contact your insurance agent and discuss the options , size of the claim and prior claims activity that you may have had within 5 years . The policy deductible will apply to the claim , in many States , you will have a separate Wind deductible which may be expressed in the form of a percentage of the coverage section being claimed against . For a homeowners insurance quote , you may click here : WEBSITELINK "}
{"input": "Does Homeowners Insurance Cover Wind Damage? ", "output": "Yes it does . If a windstorm causes damages to your roof , siding , or a tree to fall on your home you will be covered under your homeowners insurance . If this has happened to you call your agent first . Then start getting estimates . If the damage is minor you may not want to turn in a claim . "}
{"input": "Does Health Insurance Work In Other Countries? ", "output": "Most countries allow their citizens to purchase individual health insurance and many employers provide health insurance as well . In some European countries health insurance premiums are financed through a VAT -LRB- value added tax -RRB- that is factored in to the price of each product you purchase . VAT 's increase the cost of goods tremendously . "}
{"input": "Does Health Insurance Work In Other Countries? ", "output": "There are different degrees of healh care coverage from complete to none around the world . I am assuming that you mean other industrialized nations that provide government supplied health care . With a single payor funding for health care is done through several methods of taxation . Usually when you review individual tax brackets in these other countries you 'll find they are considerably higher than here in the US . Other countries also use what is known as a value added tax -LRB- VAT -RRB- to certain products or services that generate additional revenues to support health services . While there is a constant debate on which system is better , one must remember all systems cost money and no system is `` free . '' A dollar spent in healthcare is a dollar spent anywhere you are . Some countries ration their healthcare by availability and others by price . Healthcare is going to be a tough problem for every nation as the population world wide ages and continues to grow in number . No system is perfect , all systems are strained right now . . "}
{"input": "Does Health Insurance Work In Other Countries? ", "output": "I disagree with Bob . When people ask if they are covered they usually mean `` will the company pay the bill '' . You always want to read your policy before assuming that you are covered or even taking the word of an Insurance company telemarketer . ASK for the specific policy language . Bob is correct that in the few cases where you are `` covered '' YOU will pay the bill first and then get reimbursed . Medicare is an excellent example of limited coverage outside the US . Bob is also correct in that there are many things that are not covered . Personally , I would not leave the US without evac coverage to get me home . "}
{"input": "Does Health Insurance Work In Other Countries? ", "output": "Taking nothing away from + Larry Gilmore response , I am going to approach the question from a different angle . If the question relates to a Unites States based health insurance plan and you are traveling to another country , the answer is MOST major medical health insurance plans are worldwide . That being said there are some things you need to know . When you leave the US there are no provider networks . Medical providers in foreign countries are usually reimbursed on an `` as billed '' basis . Minor claims incurred outside the US are usually paid by the insured and then you file for reimbursement from your carrier when you return . Major medical plans do not cover med-evac , return of mortal remains , or translation of medical records . It is always a good idea to purchase an international travel medical plan as a supplement when traveling outside the US border . "}
{"input": "How Much Commission Does A Life Insurance Agent Make? ", "output": "It depends on the company and type of policies . I have seen commissions as low as 35 % an as high as 110 % . Commissions are paid out of a fund from the insurance company , not directly by the consumer . Out of those commissions the agent has to pay for marketing , phone , gas for his automobile , and other business expenses . Most agents do not receive a salary or expense reimbursement . "}
{"input": "How Much Commission Does A Life Insurance Agent Make? ", "output": "How much commission does a life insruance agent make ? Commissions vary by type of product sold and by state sold in . There is a wide range of payouts from 0 % -LRB- yes , there are products that do n't pay a commission -RRB- to upwards of 120 % for the first year . After the first year , in many cases no further commission is earned . "}
{"input": "How Much Commission Does A Life Insurance Agent Make? ", "output": "Not all life insurance agents are paid the same . But as a general rule 100 % of the first year premiums go to commissions . If an agent works for a company that supplies him with an office and advertising , he will usually make 50 % of the first year commission and the company or agency makes the other 50 % to recoup their overhead . If the agent is an independent broker , he will be paid the entire 100 % but must pay all his own business expenses . "}
{"input": "How To Pick Renters Insurance? ", "output": "While the companies vary , the real choice is among the agents . A trusted agent is a good listener , a wise counselor and an honest advocate . If you dont have an agent , get a recommendation from a friend , colleague or neighbor . Listen carefully to the advice the agent provides . When you receive your policy make sure that it is what you wanted . In this process dont overlook the need for adequate limits . The worst policy is the one that doesnt meet your needs when you have a claim . "}
{"input": "Who Is The Grantor Of An Irrevocable Life Insurance Trust? ", "output": "The Grantor of an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- is the person who creates the trust . He/she is usually the Insured person on the policy that is put under the ownership of the trust , and is usually also the Owner of the policy , thus transferring ownership to the irrevocable life insurance trust . "}
{"input": "How Can I Get Health Insurance If I Am Overweight? ", "output": "It depends on your BMI -LRB- body metric index -RRB- . If your BMI is less than 40 you may be able to buy individual insurance . Employer group health insurance plans generally can not deny coverage regardless of pre-existing conditions . Your state may have an assigned risk pool , carrier of last resort , or other guaranteed issue policies . "}
{"input": "How Can I Get Health Insurance If I Am Overweight? ", "output": "One of the major `` Wins '' of the health reform law is that major medical plans are no longer underwritten , which means regardless of Body Mass Index -LRB- Height $ Weight -RRB- or pre-existing medical conditions , all applicants are guarantee issued on plans . So , regardless of how much you weigh , you 'll still be able to pick up coverage in 2014 and beyond . "}
{"input": "Who Pays For Long Term Disability Insurance? ", "output": "If you 're employer offers long term disability insurance , you 'd be smart to accept the coverage , even if you do need to pay part of the premium . But do n't forget to look into private DI as well . A lot of group plans do n't offer the max amount you 're allowed , and it 's essential to be fully covered . "}
{"input": "Who Pays For Long Term Disability Insurance? ", "output": "If you are employed by a company that offers Long Term Disability insurance , your employer normally pays for it , although they might offer it to you as an option where you pay part or all of the premium . If you are self employed , or work for an employer that does not offer Long Term Disability insurance , you can purchase and pay for a private policy yourself . "}
{"input": "Who Pays For Long Term Disability Insurance? ", "output": "There are two basic types of long term disability . The first is group disability which is paid for by your employer either in part or in whole . The down side to having an employer pay for your disability is he takes the deductions at tax time and if you have a claim all of your disability benefits are taxable as income because you did not pay the premiums . The second type of long term disability is an individual policy that you pay for directly . These are not usually tax deductible to an individual . However , if you receive benefits from a claim this money is tax free to you because you were taxed on the premiums . "}
{"input": "What Life Insurance Does Dave Ramsey Recommend? ", "output": "Dave Ramsey sells a financial plan where you only need term life insurance . He recommends 10 to 20-times your annual salary . He likes for you to buy it through his agency -LRB- Zander -RRB- and they will sell over the phone nationwide . The reason his plan only needs term is because if you follow his plan you will be wealthy at the end of the 20 or 30 year term and will no longer require life insurance . The mistake people make is if they only do bits and pieces of the plan they will end up in bad shape when their term runs out . They will end up older , NOT wealth and completely uninsured . Some of the things his plan requires for the average person to be successful are : 1 . Take on 2nd and 3rd jobs to pay down all debt . Get Gazelle intense on paying off ALL debts -LRB- other then your mortgage -RRB- quickly . Pizza delivery is a favorite for Dave . 2 . Sell any cars with large loans -LRB- over $ 3,000 -RRB- on them . Even if you owe more money than the car is worth . Buy `` beater '' cars for cash . Do n't pay more than $ 1,500 for your beater car if you have debts . 3 . If your house payment is more than 1/3 of your net income , sell it too . Rent or buy a cheaper house . 4 . Always buy low cost term life insurance at least 10 times your annual salary . Also always buy disability insurance . Do NOT buy Long Term Care Insurance until you are age 60 and then DO buy it . 5 . Do NOT take vacations , go to the mall , eat out in restaurants , etc. untill ALL debt is paid in full other than your mortgage . Eat beans and rice and then rice and beans . Buy clothes at rummage sales and 2nd hand stores . Patch the kids clothes . During this phase you wo n't see the inside of a restaurant unless you 're working there . 5 . Once your debts are paid off , focus on paying off your mortgage as soon as you can . You can lighten up a little now and go to a movie once a month or something to reward yourself . 6 . After the mortgage is paid in full , you can now start socking money away and build your net worth . Dave recommends your company 401K up to the amount that they match . Any amount you can invest beyond that you put in growth stock mutual funds . He likes you to do this through his `` Endorsed '' local provider in your area . He tells you to expect an AVERAGE of 12 % + annual returns on your investments with his endorsed providers . 7 . After you have saved up a lot of money and have zero debt ... you have made it . Now you can live like no one else . Your term life insurance is no longer necessary because you have piles of cash . You are self insured . This is a brief outline of Dave Ramsey 's plans to explain why he believes no one needs whole-life insurance . To get more information listen to his daily radio show and read his many books . I have no connection to Dave Ramsey and I am not one of his providers . I personally do not believe his plan works for most people because they will not do what it takes to become wealthy and debt-free . It is very easy to shoot holes in his investment and insurance advice -LRB- in my opinion -RRB- but he is a great motivator to pay down debts and live within your means . In my opinion , both term and whole-life insurance have their correct and incorrect uses . In Dave 's opinion , only term makes sense . "}
{"input": "What Life Insurance Does Dave Ramsey Recommend? ", "output": "Dave Ramsey recommends having eight to ten times your income in term life insurance . There are a number of life insurance carriers that offer the term life insurance products that Dave Ramsey recommends , and those products can be purchased on many different websites on the internet ... the price is the same for the same product . "}
{"input": "What Life Insurance Does Dave Ramsey Recommend? ", "output": "Most financial celebrities and entertainers tend to recommend term insurance for its low cost . As a class , they usually vilify all forms of permanent life insurance and the agents and advisors who offer them . They almost always suggest that you can invest the difference between the cost of term and permanent and come out ahead . I 've never heard any of them take taxes , liquidity , risk , shielding from creditors , etc into consideration . "}
{"input": "What Life Insurance Does Dave Ramsey Recommend? ", "output": "I have read one of Dave Ramseys books but I am certainly not an expert . I think Dave Ramsey would say to have the amount of life insurance that you need in place when the need arises . A policy that has expired or is inadequate defeats the purpose of life insurance . While I realize that Dave Ramsey advocates term insurance , the key remains the same . Make sure you have enough when the need arises . If you investments reduce your risk and need for life insurance , that is fine but make sure that you have the risk covered . You are valuable and you love people who will be hurt terribly if you dont make it home today . "}
{"input": "What Life Insurance Does Dave Ramsey Recommend? ", "output": "Dave Ramsey recommends term life insurance to protect your family during your working years . His strategy is to pay off all debt including your mortgage and invest in mutual funds . His premise basically states that your debt should be paid off and your retirement plan funded by mutual funds should eliminate most financial obligations at retirement ; therefore permanent insurance is unnecessary and too expensive anyway . "}
{"input": "What Should Renters Insurance Include? ", "output": "Renters insurance includes contents coverage in stated amounts , personal liability coverage in stated amounts , loss of use coverage in stated amounts and medical payments for accidents inside the covered dwelling in stated amounts . Renters insurance is basically coverage for everything but the dwelling which the building owner or apartment owner is responsible for . Keith Prim - Dallas , TX 214-435-0791 "}
{"input": "When Does Short Term Disability Insurance Start? ", "output": "Short Term Disability benefits can start as soon as 1 day after the injury or illness is incurred . If provided through the employer , sick days or vacation may be applied toward time off before the payment of Short Term Disability benefits . If a private policy , you have a choice of how many days to make the elimination period , and that will determine when benefits begin to be paid . "}
{"input": "When Does Short Term Disability Insurance Start? ", "output": "When does short term disability start ? Well it 's going to depend on the provisions of your policy . Some may have 1st accident and a different elimination period for illness . In most cases you can select your start dates , realizing that a smaller number of days before the policy kicks in , the greater the premium price . "}
{"input": "What Does Supplemental Life Insurance Mean? ", "output": "Supplemental Life Insurance is group life insurance offered to employees above and beyond what they receive as part of their company benefits . It is usually paid for by the employee . Supplemental Life Insurance may not be portable , i.e. , it may not be able to be taken with you when you leave your job . So while looking at purchasing supplemental life insurance through your employer , you might also look at purchasing some individual life insurance that you know you can hang onto for the rest of your life . "}
{"input": "Can You Cash Out Of A Life Insurance Policy? ", "output": "Yes , if the life insurance has cash value -LRB- such as Whole Life or Universal Life -RRB- you can surrender the policy for cash value . In the first years of the policy there will be a surrender charge that comes out of the cash value . In Term life , there is no cash value so you simply drop the policy by stopping payments . "}
{"input": "Can You Use Medicare As Secondary Insurance? ", "output": "When you have more than one plan paying a claim , the process has to follow the coordination of benefits rules to determine who pays first and who pays second . The majority of the time , people who are on Medicare will have two types of coverage when they or their spouse works for an employer . Self-employed individuals will generally only be on Medicare and drop their under 65 policy -LRB- unless their spouse has group coverage they can be on -RRB- . How big the company is and whether or not the insured employee is working will generally determine who pays first . If the employer has 20 or more employees , the employer plan will pay first and Medicare second . If the employer has less than 20 employees , Medicare will pay first and the employer will pay second . If you 're on Medicare for a disability , the employer plan pays first and Medicare pays second if there are 100 or more employees - if there are less than 100 employees , Medicare pays first and the employer plan pays second . Please feel free to contact me for further assistance . Thanks very much . "}
{"input": "When Does A Health Insurance Deductible Apply? ", "output": "A health insurance deductible applies immediately , except for qualifying preventive services . For example , consider a policy with a $ 1,000 individual deductible . The policy requires that the insured pay the first $ 1,000 of medical expenses out-of-pocket directly to the healthcare providers . After the insured satisfies the deductible the plan begins reimbursing qualified medical expenses . The insured may still be responsible for paying any co-payment , and/or co-insurance . "}
{"input": "Where Can I Compare Health Insurance Rates? ", "output": "You can compare health insurance rates at the lowest available prices through an experienced broker . Using myself as an example , with more than 32 years of experience , I am able to shop all of the major carriers in minutes , and also include any tax subsidies that you may qualify for to lower your rate . In specific areas , certain insurers may be a better `` buy . '' An experienced broker gives you unbiased comparisons and helps you apply for a policy . "}
{"input": "What Is Dwelling Coverage In Home Insurance? ", "output": "Simply stated , the listed Dwelling coverage is the amount for which your home is currently insured . This is most commonly based upon the calculated reconstruction amount of the building . The policy will more than likely include a `` replacement guarantee '' settlement provision which means that should the house be damaged by a covered peril , the policy would pay the settlement based upon current construction costs . As always , check with your insurance professional to discuss the specifics of your policy . "}
{"input": "Does Medicare Cover Dental In Colorado? ", "output": "Medicare does not cover dental care in Colorado , as a rule . Only if the oral care is needed to treat another general health condition , or to prepare the mouth for treatments involved in treating another general health condition , is dental treatment covered by Medicare in Colorado or the other 49 states . "}
{"input": "Does Medicare Cover Dental In Colorado? ", "output": "Seniors in Colorado can get a dental plan in addition to a Medicare Supplement plan to cover dental related expenses . Some plans even have dental , vision and hearing all in one plan . A good plan would give immediate coverage for dental exams , cleanings , extractions and fillings . Some plans do not have a network so you can go to any dentist you like . "}
{"input": "Why Would Someone Be Turned Down For Life Insurance? ", "output": "Unfortunately , some people are turned down for life insurance for very simple reasons because they did not sign up for the appropriate policy to start with . To avoid being turned down , be sure to read the guidelines very carefully . It is far better to converse with an agent to be sure you did not overlook something . E.g. . Some policies require that you have a drivers license ; some do n't . Some require that you are a US citizen ; some do n't . Some allow a certain policy to cover people with diabetes ; some do n't . Those type of declines are easy to avoid by just talking to tan agent . Other declines are more complicated . You may have a history of depression that sounds OK , but then get declined because your doctor wrote something in your medical records of which you were unaware . With any kind of health history or risk factors such as past alcohol treatment , use an impaired risk specialist to lower your chance of being turned down . There are policies out there for nearly everyone if you know where to look . "}
{"input": "Why Would Someone Be Turned Down For Life Insurance? ", "output": "There can be several factors that lead to a underwriting declination . Health history and current medical condition are significant items in the crediting or debiting of the underwriting balance sheet . Personal behaviors like motor vehicle violations , drug addictions , dangerous recreational activities , even hazardous occupations can be the basis of an underwriting declination . "}
{"input": "Is Disability Insurance A Medical Expense? ", "output": "No , Disability Insurance is not a medical expense , and is not deductible as such on income tax forms . While an agent must have a license in health insurance to sell disability insurance , the insurance is not considered a medical expense such as health insurance and long term care insurance . "}
{"input": "Does Health Insurance Cover Second Opinions? ", "output": "Typically , a health insurance company will make a decision regarding whether a claim should be paid . An underwriter , a claims approver and perhaps another resource may be used during this process . If your claim is denied , you can appeal . Regarding a `` second opinion '' concerning a possible procedure or surgery , your private or group policy will clearly indicate the level of benefit you have . And of course , an experienced broker can also help . "}
{"input": "Will Medicare Pay For Diabetic Shoes? ", "output": "Yes , Medicare will pay for one pair of diabetic shoes per year , and the inserts to go into them , if prescribed as medically necessary for the prevention or alleviation of diabetic neuropathy , numbness , or sores . You must purchase the shoes through a Medicare qualified podiatrist , orthotist , prosthetist or pedorthist . You can get one pair of depth inlay shoes and three inserts per year . If unable to wear depth inlay shoes due to foot deformity , you can get one pair of custom molded shoes and three inserts per year . "}
{"input": "Can The IRS Take Money From Life Insurance? ", "output": "When life insurance is left to a beneficiary , the death benefit is the property of the beneficiary . The IRS can not take the life insurance proceeds unless the beneficiary was a cosigner for whatever the IRS is seeking payment . If the beneficiary of the policy is the Insured 's estate , then the life insurance money is available to the IRS . "}
{"input": "What Should I Be Paying For Renters Insurance? ", "output": "The amount that you pay for renters insurance could vary greatly based on the many factors that are used to determine your premium for this coverage . Based on my experience within my geographic location for ten thousand dollars worth of coverage you will pay approximately seven to ten dollars per month . If you have your auto and renters insurance with the same carrier you may also be eligible for discounts on your policy premiums . "}
{"input": "What Should I Be Paying For Renters Insurance? ", "output": "Renters insurance is relatively inexpensive . In fact when companies offer discounts on auto if you have homeowners insurance , check to see if they extend that same discount to renters . The discount frequently exceeds the premium for the renters policy . You should pay for enough coverage that you will be able to move into another apartment with all the furniture , clothes and appliances you had in the one that was destroyed . "}
{"input": "Should Employers Offer Disability Insurance? ", "output": "I believe the more useful benefits , such as disability insurance , an employer can offer their employees the better . Benefits do a couple of important things for their workforce . It helps with morale , it states to the employee you or the company cares . It cuts back on costly turnover through employee retention . It becomes a great recruiting tool to hire the best talent to your business . Many employers consider their benefit package their `` golden handcuffs '' to keep employees long term . Disability insurance both short and long term should be a part of that package . "}
{"input": "Should Employers Offer Disability Insurance? ", "output": "Yes , employers should offer disability insurance to their employees . Many carriers provide programs designed to be paid by the employees through payroll deduction . Aside from supporting the payroll deduction , the employer does not incur any direct costs . Many employees can not purchase these policies directly as an individual . In particular , females employees of child bearing age desire policies to cover their maternity leave , which they can only get if offered at work . "}
{"input": "Should Employers Offer Disability Insurance? ", "output": "Many employers do offer Disability Insurance . A few states even mandate that employers offer Disability Insurance . Should they offer it ? If they can afford to do so , it is certainly is a great benefit for employers to offer their employees , and is something good employees look for when considering which job to take . "}
{"input": "Can I Take Out Life Insurance On A Relative? ", "output": "You can take out life insurance on a relative with whom you have an insurable interest in their life . This means that there would be a financial loss to you if this relative passed . E.g. . If you live with one of your adult children and share expenses with them , you would have an insurable interest in your child . The other part to taking out a life insurance policy on a relative or any other person , is that they must sign the application , thus giving you permission to take out life insurance on them . If there is an exam or phone interview required , they must agree to doing those things , as well . "}
{"input": "Why Is Whole Life Insurance A Bad Investment? ", "output": "Why is whole life a bad investment ? Well , it could be the people that tell you that whole life is a bad investment do n't sell whole life and want you to purchase what they have for you to buy . Or quite often whole life is compared to term with a equity -LRB- stock -RRB- fund . The problem with this as an accurate comparison is that it does n't take risk into account . Whole life is a dull boring consistent product that does what it says it will over time . A stock market equity -LRB- mutual fund or whatever -RRB- is a different sort of risk . It can rise and fall and even disappear . While whole life policies tend to be invested in more secure long term investments which because they 're safe and long term , provide a lower , but consistent rate of return . And the nice thing about Whole life is the cash values ca n't go backwards . "}
{"input": "Why Is Whole Life Insurance A Bad Investment? ", "output": "Lets begin by defining what is an investment ? In the broadest sense of the word , an investment is when you place money or time into something in expectation of a return on that investment . To that end whole life insurance can serve the purpose of being an investment in that money is invested into it for an expected end . There are a lot of factors that can make an investment bad such as it loses money , it has a low rate of return or it offers no return at all . What makes an investment good or bad is to know what you expect it to return to you . If you want an insurance policy that offers a guaranteed death benefit and has cash value , then a whole life policy may work for you . Define what you want first and then find the vehicle that takes you where you want to go . "}
{"input": "How Are Annuities Structured? ", "output": "An annuity converts a sum of money into a lifetime stream of income . The Internal Revenue Code allows money accumulated in an annuity to defer income tax . These two features have given rise to many alterations that meet the specific needs of certain people . Some annuities have become amazingly complex . "}
{"input": "How Are Annuities Structured? ", "output": "Annuities can be categorized into two types : deferred and immediate . Immediate annuities provide income and can have a future date to begin distributions , including life time income you cant outlive . Deferred annuities accumulate tax deferred , a tax advantaged feature for long term annuities . Deferred annuities can offer fixed interest , indices -LRB- both domestic and foreign -RRB- and separate sub accounts featuring access to market equities and bonds -LRB- variable annuities , a security . -RRB- "}
{"input": "How Much Does The Average Life Insurance Policy Cost? ", "output": "This question does not have simple or straight forward answer . I can tell you that rates can range from about $ 20 to unlimited for many life insurance policies . Rates vary depending on type of policy that you are looking to purchase , the insured 's age , the insured 's health , and the insured 's family history just to name a few factors . Contact your local agent to discuss what your wants , needs , and expectations are of the policy so that they can help guide you to the proper policy for you . "}
{"input": "How Much Does The Average Life Insurance Policy Cost? ", "output": "Unfortunately there 's too many factors that go into premium pricing to say what an average plan costs.The risk class is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Keep in mind , every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- Also affecting the premium for a policy is the type of policy you 're looking to secure - how much coverage do you want/need and for how long do you want/need it guaranteed for -LRB- term vs. permanent -RRB- . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an independent insurance agent/broker to see what plans are available and what structure would be best suitable to meet your needs . You can send me a private message by clicking on the `` contact me '' button if you would like quotes and assistance with your and your family 's life insurance needs . "}
{"input": "How Much Does The Average Life Insurance Policy Cost? ", "output": "Since life insurance pricing is all mathematical and companies are all using similar if not exactly the same information , the costs for policies should be similar as well . However , there are two separate steps to determine what your cost might be . The average cost is determined by historical data , but the underwriting process evaluates your application to determine if it is average or standard . If there are concerns that affect your longevity , the company might offer insurance at something other than standard rates . "}
{"input": "Can I Take Out Life Insurance On My Spouse? ", "output": "You can own a life insurance policy on anyone , including your spouse . In most cases your spouse must agree to the insurance , make application and qualify medically . Some carriers issue policies that can be applied for without the insureds knowledge or consent . You can be the beneficiary of your spouse 's life insurance as long as there is an insurable interest -LRB- which is almost always the case -RRB- . "}
{"input": "Can I Take Out Life Insurance On My Spouse? ", "output": "Can you take out an insurance policy on my spouse ? Yes , you can , the issue would be how much in coverage you 're applying for and if consent is needed . There are some group life situations or credit group life situations where a small death benefit can be signed up for without your spouses knowledge . Usually something like a $ 1,000 to $ 15,000 in face amount . A larger amount purchased on an individual basis does require spousal consent to be covered . "}
{"input": "What Do Health Insurance Agents Make? ", "output": "Health insurance agents make anywhere from $ 0 to $ 1 million dollars per year . Yes , that is a big range . Agents -LRB- brokers -RRB- that have been in business for quite a while and that have built up their clientele will of course make the most money . Of course , they will often be paying many employees for their help and they provide service to thousands of clients . "}
{"input": "What Is The Purpose Of A Life Insurance Policy? ", "output": "A life insurance policy creates an immediate estate upon your death . Whether it is to replace lost income , pay off a mortgage , pay debt or other financial reasons , life insurance has many purposes . An experienced full-time broker or financial planner -LRB- not part-timers , radio-tv or unrelated worker -RRB- is your best resource to help you determine which type of policy to buy and where to purchase it . "}
{"input": "Does Homeowners Insurance Cover Earthquakes? ", "output": "It can provided that you have talked to your Insurance Professional and have had the coverage endorsed onto your policy . In most standard policies , damage caused by earth movement , earthquake in your example or sink holes as another , is excluded . However , in many if not most cases this coverage can be included by endorsement . "}
{"input": "Does Homeowners Insurance Cover Earthquakes? ", "output": "Most if not all standard Homeowners Insurance policies list a couple of pretty common exclusions in the language of the contract . Earth movement is one of these common exclusions . That certainly included earthquake damage but also includes sink holes , any form of erosion etc. . This coverage can usually be endorsed onto your Homeowners ' contract however . The other common exclusion is Flood . Unlike earth movement , flood coverage can never be endorsed on a homeowners policy . The coverage is only available by the purchase of a separate Flood Insurance policy . "}
{"input": "Does Homeowners Insurance Cover Earthquakes? ", "output": "Earth movement is usually excluded in a homeowners policy . In California insurance companies are required to periodically offer homeowners earthquake coverage . This is generally written as an additional coverage or placed with specialty insurance companies . In some instances the cost for the coverage is greater than the standard homeowners policy . "}
{"input": "How Do Lifetime Annuities Work? ", "output": "The combination of mortality credits and the interest rate yield create a compelling reason to investigate lifetime income you cant outlive . Generally speaking , annuities offer payout options to their policy owners . Some elect to take out withdrawals other predetermined schedules like ten years or twenty years certain . But a popular payout option in a non-qualified annuity is annuitization for the life of the annuitant based on his or her age . This is also the exclusion ratio where basis is amortized to life expectancy as part of the initial payouts . "}
{"input": "Does Homeowners Insurance Cover Driveways? ", "output": "Your homeowners insurance policy covers damages that are caused by specific perils . While it is possible that damage to a driveway could be caused by fire or another of the covered perils , I doubt that is the point of this question . Mostdriveway difficulties arise from earth movement and that is an excluded peril in most policies . "}
{"input": "Does Homeowners Insurance Cover Driveways? ", "output": "If the driveway is bulging , cracking or just plain going bad for various reasons homeowners insurance does not cover this type of damage . It is possible to have the driveway covered if damage was caused from a major fire which could of lead to thedamageof the driveway which would fall under other structure coverage . Consult your agent on the specific details of your potential loss or inquiry as your agent would be familar with the exact details andcoverage ` sof your policy "}
{"input": "Why Purchase Disability Insurance? ", "output": "Why purchase Disability Insurance ? To replace part of your income in case you become disabled . Not everyone has the income or need to purchase Disability Insurance . You may be getting it from your employer already . Or perhaps your wages and assets are low enough that you would be better off going on Social Security or SSI if you suffered a permanent disability . For most workers , however , having Disability Insurance is a necessity as most families can not get along without one income . "}
{"input": "Is A Whole Life Insurance Policy A Good Investment? ", "output": "No form of life insurance should be considered an investment . The purpose of the product is to provide a survivor benefit at the lowest possible cost . It happens to do that extremely well . The cash value is an added benefit . It can be made available in a very short time and at a very low cost . But the removal of this cash can impact the amount of the survivor benefit . People need to understand that before they start taking money out of their policy . If the policyholder does know how to manage the policy , then a cash value policy can be a very attractive source of retirement money , college funding , emergency funds , and so on . Whole life would have an advantage over other cash value policies in that it provides extremely strong guarantees . "}
{"input": "Is A Whole Life Insurance Policy A Good Investment? ", "output": "Whole Life insurance is not an investment , it is a way to provide an immediate estate and a systematic way to save money in a very tax favorable way . Whole life provides a sound foundation for a good investment portfolio . The amount of the Whole Life would depend on your personal goals and financial situation . While buy term and invest the difference is a great idea , the reality is that most people who buy term never follow through on investing the difference . Life happens , emergencies come up and the money that was to be invested gets used for other things . This is fact based on statistics . If you want to invest , invest . If you want insurance that will be there when you will need it most , buy Whole Life insurance . Never put all your eggs in one basket . A base of Whole Life with added term insurance for your life insurance needs and sound investments to top off the portfolio is a safe sound way to accumulate cash for retirement and providing for final expense and a legacy for your family "}
{"input": "How Much Does It Cost To Buy Health Insurance For A Family? ", "output": "Health insurance rates are determined by age , gender , zip code , plan design , your overall health and other factors . Older people usually pay more than younger ones . Healthier people pay less than those who have medical conditions . Plan design also weighs heavily on the rate . Plans with low deductibles -LRB- less than $ 2000 -RRB- and copay 's are more expensive than a high deductible plan that lacks copay 's . A family of 6 will pay more than a family of 2 . "}
{"input": "Does Home Insurance Include Fire Insurance? ", "output": "Homeowners insurance is Fire Insurance and more . Homeowners Insurance covers a variety of perils . Many will cover any peril that is not specifically excluded in your policy . Most common perils covered are Fire , Hail , Wind , Lightening , Vandalism , and Theft . Your Homeowners Insurance also protects you for Liability if someone is hurt on your property and you are engaged in a Lawsuit . "}
{"input": "Does Homeowners Insurance Cover Mudslides? ", "output": "Typically , mud-related claims are not covered on homeowner 's insurance policies , even though they cause more than $ 1 billion in losses each year . However , you can purchase Flood Insurance , which may cover mudflow damage -LRB- which is different than mudslide damage -RRB- . Your contents would also be covered . Some states will allow an `` earth movement '' rider which may cover a mudslide . It 's always best to check with an experienced broker that can quickly discuss your best options by reviewing multiple carriers in your area . "}
{"input": "Does Home Insurance Cover Earthquakes? ", "output": "Earth movement is an excluded peril in most homeowners policies . Some insurance companies will provide earthquake insurance as an option . The companies are required by state law in some states to provide a quote and access to earthquake insurance . The premium for earthquake insurance in a known fault area can equal the premium for the homeowners policy . "}
{"input": "Does Home Insurance Cover Earthquakes? ", "output": "Homeowners Insurance does not cover earthquakes . This type of risk is specifically excluded . A homeowner would be required to purchase an additional earthquake policy to cover this type of risk . Depending on where you live the rates can be low to very high -LRB- and what is high -RRB- if you live in a high risk earthquake zone . The average deductible is 15 % of coverage so no small chunk of change . I am in California which is earthquake territory and believe all homeowners should carry earthquake coverage who are in high hazard zones . Average replacement for a home can range from 350k-1 million and so can your loan amount . While your deductible may be 80k -LRB- just an average -RRB- this is far less then the potential of a total loss which can run 500k . Keep in mind , your home does not have to fall to the ground . If the home even shifts of the foundation the chances are your looking at a total loss . In California all Insurance carriers are required by law to offer you earthquake coverage when you purchase a homeowners insurance policy and make the offer available again at renewal at least every two years afterward . A homeowner then has the option to accept or reject coverage . I often get allot of phone calls right after a shaker . The problem is in many cases moratoriums go up and earthquake coverage is not available for a couple of weeks so if your thinking about getting earthquake insurance , do n't think about it . Purchase the coverage and sleep better at night . And I recommend an automatic earthquake gas shut off valve be installed on your gas meter to help prevent gas leaking into your home and a sudden explosion . "}
{"input": "Why Do Smokers Pay More For Life Insurance? ", "output": "Smokers , and other forms of tobacco use , are detrimental to your health . It is not unusual for long term smokers to develop cancer of the lungs , mouth or throat . Many develop emphysema or COPD . Any of these conditions will shorten your lifespan . If the insurance carrier believes your tobacco habit will cause you to die sooner than `` normal '' they will charge a higher rate to compensate for the additional risk . "}
{"input": "Why Do Smokers Pay More For Life Insurance? ", "output": "Life insurance is a mortality insurance product . It bases its underwriting offer on life expectancy and prices it accordingly . Smoking shortens life expectancy and can be a contributing cause or indirect component to our respiratory disease or conditions . Because of these facts , actuarial pricing charges more for the risk the life insurance company takes on . "}
{"input": "What Does Surrender Value Mean On A Life Insurance Policy? ", "output": "Great question ! The surrender value is what the insurance company gives you in cash , if you `` surrender '' the policy to them . That dollar figure can be reduced by what is called a surrender charge , if done in the early years of policy ownership . Once you have surrendered the policy , you no longer have coverage . Some companies will allow partial surrenders , but in most cases , it may be more advantageous to take out a loan against the policy -LRB- and keep the coverage -RRB- instead . If you would like help , please feel free to contact me , I 'm happy to be of assistance . Thanks for asking ! "}
{"input": "What Does Surrender Value Mean On A Life Insurance Policy? ", "output": "Surrender value is a feature of a cash value life insurance policy . These policies are normally called whole life although limited pay life policies have this feature . In order to provide a level death benefit for a level premium , the company collects more than is required in the early years of the policy to pay for the years when the cost exceeds the premium . These amounts are placed into reserves . At any given time following the first few years of the policy the company is willing to exchange the reserves for a release from paying the death benefit . These amounts can normally be taken in a variety of ways . See your trusted life insurance agent for a personalized discussion . "}
{"input": "What Is An Open Access Health Insurance Plan? ", "output": "Specific carriers can use the term `` Open Access '' to mean specific things on their plans . For example , Aetna has a grouping of plans called `` Managed Choice Open Access '' . Generally , Open Access simply means that you can see a specialist without having to get a referral from a primary care doctor first . "}
{"input": "Why Is Car Insurance Expensive For Young Drivers? ", "output": "Insurance rates are based in large part on experience and driving record . In fact this is who the entire insurance industry operates . There is not questions anewlylicensedoperatorlacks the experience to make the rightdecisionsin certain situations . The insurance industriesexperienceand even my own as an agent show that newly licensed or youthful operator are involved in more accidents . This is why the rates are higher then a driver who has more successful years on the road . "}
{"input": "Why Is Car Insurance Expensive For Young Drivers? ", "output": "The short answer is that younger and more inexperienced drivers are far more likely to have an accident . Insurance carriers base their rates off of actuarial data using large sample sizes to determine the likelihood that certain factors -LRB- such as youthfulness -RRB- will lead to a claim . In the case of youthful and inexperienced drivers , they have found overwhelmingly that there is a much greater likelihood of a claim than with more experienced drivers . "}
{"input": "Why Is Car Insurance Expensive For Young Drivers? ", "output": "There are thousands of accidents each day across the nation . These accidents are analyzed in great deal to identify the causes and conditions that lead to accidents . The data is evaluated in close detail and in some states the insurance companies can charge by age and sex . Going to that pile of data , they can determine exactly what it costs to insure a large group of 19 year olds with two years of driving experience . In other states , California being one , you are only allowed to evaluate on driving experience , not age . The important thing is that the rate is based on actuarial data . It isnt that someone has an axe to grind against young drivers . Young drivers simply cost the company more to insure . "}
{"input": "How Do You Purchase Renters Insurance? ", "output": "I would suggest start by calling local agents in your area . When you find one that you are comfortable with , provide them with the information necessary to get you coverage details and pricing . Some of the information that the agent will need are : the year the building was built , the distance of the nearest responding fire department , the distance of the nearest fire hydrant , the total number of units in the building , whether or not the building is sprinklered or security protected , and amount of coverage you are seeking just to name some of the main items . "}
{"input": "What Is Medicare Part F For? ", "output": "Medicare has 4 parts . Medicare Part A is the hospital portion , Part B is for outpatient care . Medicare Part C is an Advantage plan and Part D is for outpatient prescription drugs . Perhaps you mean Medicare supplement plan F ? Supplement plan F covers 100 % of approved Medicare A and B charges . "}
{"input": "What Does Elimination Period Mean For Disability Insurance? ", "output": "The elimination period is chosen at the time of application for the DI policy and represents a kind of `` time deductible '' that must be fulfilled before a claim is paid . The clock starts ticking when the carrier is informed in writing by a medical professional that the insured person has suffered a debilitating accident , developed a medical condition , or contracted a serious illness that is likely to last longer than the elimination period chosen . Thefirst dayof fulfillment of the elimination period typically begins at the date-of-onset of the debilitating event , although that actual date-of-onset is subject to the decision of the insurance company after reviewing medical records . Claims , i.e. a check for the maximum monthly benefit for income replacement , would usually not arrive until 30 days after the completion of the elimination period . For example , say the injured or sick insured has a 90-day elimination period . The income replacement check would arrive 30 days later , or 120 days from the date-of-onset . In the meantime , the insured would be responsible for paying bills during that four month period . So , serious discussion needs to take place at application time about how long of an elimination period should be applied for understanding that reality . The insured shouldmake sure that a liquid asset account be available at all times for such expenses , and/or a short-term DI policy should be in place , and/or a sufficient amount of sick leave and vacation be saved up , or a combination of all those accommodations . "}
{"input": "What Does Elimination Period Mean For Disability Insurance? ", "output": "Elimination period for Disability Insurance is the amount of time that passes between the event of suffering a disabling injury or illness , and the time when benefits begin to be paid to the disabled person . The elimination period is chosen as a feature when taking out a Disability Insurance policy . The shorter the elimination period , the higher the premium usually runs . "}
{"input": "How Long Does Renters Insurance Take To Pay Out? ", "output": "Most claims are paid within a few hours to a few days with many carriers . There are many factors that will decide how long a claim takes to process . A few of those factors are : the amount of the claim , the type of claim , the availability of police reports or other supporting documents , just to name a few . If you feel a claim is taking longer than it should to be processed contact your local agent and express your concern so that they can help you gain some insight as to when the claim is expected to achieve completion . "}
{"input": "Will Homeowners Insurance Cover Cracked Foundation? ", "output": "Although the foundation is not a part of the computation upon which the replacement value of the home is established , it might be covered if there is direct physical loss by one of the named perils -LRB- in the all-risk policy it would be any peril other than those excluded . -RRB- It is very difficult to think of a circumstance where coverage would apply . The mere presence of a cracked foundation is insufficient . "}
{"input": "Will Medicare Pay As A Secondary? ", "output": "The only time I am aware that Medicare is secondary is when you are covered under and employer group health plan if there are more than 20 full time employees . I always advise people in that situation to take out the Part A of Medicare and delay getting both Part B and Part D until you retire or come off your employer 's group health plan . You do not need Part B or Part D as long as you are covered under an employer plan . The Part B premium this year for new people enrolling in Medicare is $ 121.80 and you do n't need Part B if you are covered by your employer since the employer coverage is primary . You can go ahead and enroll in Part A of Medicare because it is free . "}
{"input": "Will Medicare Pay As A Secondary? ", "output": "There are situations where Medicare is the designated secondary carrier . Most common is where you or your spouse is covered under an employer group health plan and the employer has 20 + full time employees . The group plan is primary , Medicare is secondary . That does not mean Medicare will pay anything towards the claim . The two plans coordinate . "}
{"input": "How To Compare Medicare Part D Plans? ", "output": "You can compare Medicare part D prescription drug plans on the Medicare.gov website under the `` Drug Coverage -LRB- Part D -RRB- '' tab and clicking on the `` find health & drug plans '' tool . An independent agent can also help compare plans and help you enroll for a prescription drug plan that 's right for you . "}
{"input": "How Much Does Renters Insurance Cost A Year? ", "output": "Renters Insurance costs vary depending on the location , type of dwelling and amount of property coverage . The cost of renters insurance will also vary depending on the insurance carrier you choose to go with . I know for my Farmers agency , renters insurance can be as little as $ 10 a month . "}
{"input": "How Much Does Renters Insurance Cost A Year? ", "output": "The pricing for renters insurance is based upon the limit for liability coverage that you desire and the amount of personal property that you want covered . Obviously , these vary with every customer . Recently I saw an ad on TV stating that their renters policies were $ 8 per monthor something like that . In my agency the average is about $ 10 but that doesnt mean that will be appropriate for you . Consult with an agent , the cost of suffering a loss and not having a policy is much greater than the premium . "}
{"input": "Can I Get Health Insurance With MS? ", "output": "You can get health insurance with MS. Multiple Sclerosis is a serious disease with many complications . However , under the new ACA legislation , you will not be denied coverage because of the condition . Finding the best policy for your situation is critical and that 's why , as an experienced broker , we can find the best plans for you . Consumers that visit our website -LRB- see my profile -RRB- can compare top-rated plans and also qualify for a federal subsidy during Open Enrollment . The combination of medications and other treatment for MS is very expensive . There are several available plans that will reduce copays and deductibles and make treatment much less expensive . But the best part is that you do n't have to answer questions during OPen Enrollment to obtain quality coverage . "}
{"input": "Where Are Variable Annuities Invested? ", "output": "A tax deferred variable annuity has tow basic accounts : an interest rate account and separate subaccounts using equity and bond investments . Both accounts credit gain after the policy expenses have been paid . But separate sub accounts can also have market losses that are debited from the accounts . Product suitability and risk tolerance are important factors in considering variable annuities . "}
{"input": "How Much Is VA Life Insurance? ", "output": "VA Life Insurance rates are posted here : WEBSITELINK The Veterans Administration offers Term Life Insurance that goes up in price every five years , according to the age of the Insured . This chart shows the rates for $ 10,000 to $ 400,000 of coverage at every age . "}
{"input": "Can I Renew Car Insurance Early? ", "output": "If you have received your billing for the upcoming policy period , you can immediately pay it . However , with the vast majority of carriers , there is no discount or reduction in your premium when you pay well in advance before the due date . Although you are probably earning a very low interest -LRB- if any -RRB- on your checking account or money market , why not leave the money in there as long as possible ? "}
{"input": "How Much Is Renters Liability Insurance? ", "output": "If you are referring to a commercial risk , such as a store or garage , then your commercial agent is the person to ask . If you are referring to a rental unit in which you live , then the answer is that liability insurance is a part of a tenants -LRB- renters -RRB- policy . The policy also contains property coverage for your personal property and that coverage is the main determinant of the premium . In my area these policies are available for $ 10-15 per month . Of course each policy is individually written and the price can vary a great deal . "}
{"input": "At What Age Does Life Insurance Go Up? ", "output": "There are some life insurance policies that go up when your age hits 5 years increments . After paying these increases a few times , you could find yourself unable to afford the premium at a time when you are most likely to need the coverage . Term life insurance usually -LRB- but not always -RRB- guarantees that the premium will stay up for a set number of years , then often jumps up in price drastically and goes up every year after that . Whole Life and Guaranteed Universal Life with a no lapse guarantee will not go up in price as long as premiums are paid in a timely manner and the policy is maintained properly . As you can see , it is very important to know the terms of each policy before you purchase it . "}
{"input": "At What Age Does Life Insurance Go Up? ", "output": "At what age does life insurance go up ? Prior to purchase life insurance costs , no matter the product rise every age change . In the younger ages the difference is a few dollars . Starting around age 50 , the slope for cost increase starts to rise sharply . In your 60 's and above waiting can add thousands onto the cost of your insurance . By purchasing a policy , you can either lock the cost in for the life of the policy -LRB- permanent -RRB- or for a block of time -LRB- term -RRB- . "}
{"input": "At What Age Does Life Insurance Go Up? ", "output": "It depends on your policy . Premiums on Whole Life never go up . A properly funded Universal Life will never go up . Term insurance will go up at the end of each term . One year term will go up each year , 10 year term every 10 years , 20 year term every 20 years and so forth , assuming that the term policy is renewable . "}
{"input": "Does Homeowners Insurance Cover Earth Movement? ", "output": "Probably not . It is always best to check with your Insurance Professional and discuss theterms and conditons of your policy , but for the most part , there are two pretty common specific exclusions that can be found in Homeowners ' policies . One is an exclusion for any damage to your home or property caused by earth movement and the other is for damage caused by flood . In many cases , you can have earth movement coverage endorsed onto your policy , but coverage for damage caused by flood is only available by purchasing a Flood Insurance policy . "}
{"input": "How Does Globe Life Insurance Work? ", "output": "Globe Life Insurance issues policies that often have very very low initial payments . Often , they are for children . Since the risk of death is low , they are able to issue these plans . A full-time broker is a great resource for comparing these types of plans and offering perhaps additional affordable alternatives . "}
{"input": "When Can I Use My Long Term Care Insurance? ", "output": "Once your long term care insurance is in effect , the definition of activities of daily living -LRB- ADL -RRB- provide the guidance for reviewing the policy provisions that trigger a claim . Some long term care insurance companies allow two out of six ADLs to initiate a legitimate claim and distribute the benefits of the policy . "}
{"input": "When Can I Use My Long Term Care Insurance? ", "output": "You can use your long term care insurance when you have qualify via LTC triggers . In qualified plans , you must be unable to perform two or more ADL 's without substantial or standby supervision , depending on the wording of the policy , or you must need substantial supervision due to a cognitive impairment . However , unlike unqualified plans , you must have evidence that you will need the care for at least 90 days , and you must use your benefits under the parameters of a written care plan prepared by a licensed professional . Non-qualified plans do not have the 90 day requirement , do not require substantial supervision for cognitive impairment , and add the ADL of ambulating to the list , thereby making it easier to qualify . Plans may also include the trigger of medical necessity , meaning that benefits can be collected if skilled nursing care is ordered by a physician . However , these plans do not have the tax advantages of qualified plans . "}
{"input": "How To Compare Home Insurance? ", "output": "The traditional way to compare home policies is to take the declarations page to another agent and ask for a comparison . You might want to do that with several agents . There are some websites that purport to compare coverages and prices . The issue isnt which company has the lowest premium but which policy provides the coverage that you require . If you paid less and the company failed to cover a loss you would have made quite a poor investment . It is better to know what coverages are available and get advice on which are appropriate . I live in an arid part of the USA . However , one of the largest floods in history took place right here . I might want flood insurance even if I am miles from a stream . This and other coverages might come to bear and evaluating the risk is what your agent can help you do . If you have a policy and in twenty years pay $ 200 more than some other company , if you have the right coverages because an agent went over the policy carefully with you , you are the winner , not the loser . Good coverage means a good nights sleep ! "}
{"input": "How To Compare Home Insurance? ", "output": "Start by talking to your Insurance Professional . It is important not only to compare coverage offerings and policy extensions and limitations , but also the companies that are offering this protection . Proposals and suggested coverage should be based upon the result of a careful Reconstruction Analysis which will determine the amount of recommended coverage for your home . "}
{"input": "Will My Homeowners Insurance Cover Asbestos? ", "output": "A homeowners policy is designed to pay for damages to your home and personal property that arise from named perils . These perils include fire , wind , etc. . They do not include issues that have to do with maintenance of the structure . It is highly unlikely that your homeowners policy will pay for the removal of asbestos from the building . "}
{"input": "Is Medicare Pay As You Go? ", "output": "Medicare part A which covers medical expenses resulting from hospital services is financed by payroll taxes on workers in employment covered by OASDI -LRB- Old-Age , Survivors , And Disability Insurance -RRB- on a pay as you go basis . Medicare part B which covers partial reimbursement for the cost of physician services , diagnostic tests , ambulance services , prosthetic devices , physical therapy , medical equipment , and home health services is funded primarily through the premiums of those enrolled and is not `` pay as you go '' . "}
{"input": "Is Medicare Pay As You Go? ", "output": "Medicare is funded on a pay as you go system if that is what you mean . The government uses every bit of the Medicare payroll taxes they collect and then borrow more to pay their obligations . This is why Congress is trying to come up with ways to `` save '' Medicare . "}
{"input": "How Much Is Renters Insurance Through Geico? ", "output": "Geico itself does not generally issue renters insurance but rather brokers it through other insurance carriers . Still the price will depends on the value of the items you wish you cover , the location of the apartment or home rented , your heating source , and other risk assessment variables . Because of the degree of variability it is difficult to give a general answer to cost , but you can easily obtain this answer by contacting Geico 's customer service for a quote . "}
{"input": "What Does A Home Insurance Policy Cover? ", "output": "A homeowner 's insurance policy actually covers many items . Your dwelling -LRB- Coverage A -RRB- is perhaps the most important item that is insured . Unattached structures along with the personal property inside the home are covered on a standard home policy . The expenses you incur while living away from the home during a covered claim are also covered along with liability , medical payments to others . There may also be various riders , depending on the items and benefits that were important to you . As an experienced broker for more than three decades , it is our job to explain these benefits , and provide the lowest rates possible in your area , so you can compare the best options . "}
{"input": "What Should I Know About Long Term Care Insurance? ", "output": "You should know that Long Term Care Insurance can cover all levels of care : home health , assisted living , nursing home , and others . The main thing is that the triggers are met , then it will pay the benefit . The triggers include being unable to take care of one 's self in 2 or more of 6 ways , and/or mental impairment . Long Term Care Insurance offers many features that can be adjusted to get it to fit your budget . It is not taxed when collected . It allows more freedom to choose the care you want when you need it . "}
{"input": "What Should I Know About Long Term Care Insurance? ", "output": "Long term care insurance mitigates the cost of assisted living at home as well as nursing home confinement . With the odds ever increasing that you 'll need such services because we 're living longer , it 's an important part of retirement planning . You should consider long term care insurance while you 're healthy . "}
{"input": "What Does Medicare Voucher System Mean? ", "output": "There is much discussion about the proposed Medicare voucher system , and most of it is erroneous . The proposed system is no different from the current way of making Medicare available to beneficiaries . When you currently enroll in Medicare you have the option of following the traditional system of a government managed plan or you can enroll in a private system -LRB- Medicare Advantage -RRB- . If you choose the Advantage plan , dollars normally spent on your care through Medicare are paid to the insurance carrier issuing your coverage . "}
{"input": "When Can I Sign Up For Medigap Insurance? ", "output": "There is an `` open enrollment period '' during which you can buy any Medigap insurance policy -LRB- Plan F -RRB- sold in your state beginning the month in which you turn age 65 and you are enrolled in Medicare Part B . During this six month open enrollment period , you can buy any Medigap insurance offered , even if you have health problems , for the same price as people in good health . If you apply for Medigap coverage after your open enrollment period , there 's no guarantee that an insurance company will sell you a Medigap policy if you dont meet the medical underwriting requirements , unless you 're eligible because you have group health insurance through an employer or union . If this is your situation , the Medigap enrollment period begins when you sign-up for Part B . There are some situations if you are under 65 and are eligible for Medicare because of a disability you could be eligible for Medigap coverage . If you have End-Stage Renal Disease -LRB- ESRD -RRB- and are under 65 , some states require at least one type of Medigap policy to be offered to you . "}
{"input": "For The Sake Of Privacy, Can A Dependent Apply For A 2nd Health Insurance? ", "output": "You get the award for the interesting question of the day . I assume you are a dependent over age 18 to begin with but are still covered under your parents health insurance plan . If you have the financial ability to pay for your own health insurance then technically you can purchase your own coverage . However , a standard part of any insurance application is a section that asks you if you will have any other health insurance coverage in effect at the same time that you will have the policy you are applying for . This is so the insurance carrier you are applying with can coordinate their coverage with the other insurance plan you are covered under . A person can be double covered -LRB- increasingly rare these days -RRB- but you can not make a profit from being insured which would technically be feasible if you filed the same claim independently with each carrier and each insurance carrier was unaware of the other 's coverage of the claim . To notanswer this question honestlywould be toengage in fraud , which could result in claim denial and possible civil liability if the double coverage situation was uncovered . The odds are pretty good that as the claim went through the national data bases that the double coverage situation would be uncovered , it might take some time but it would probably eventually surface . Answering the question honestly , will result in your insurance carrier initiating a coordination of benefits process with your parents insurance carrier in the event of a claim . This would almost certainly result in them receiving some notification from their insurance carrier of this coordination of benefits activity and them becoming aware of the situation . While I understand everyone 's desire for privacy , as a parent myself , I would certainly want to be aware of any health care that my dependent children are receiving , especially when the parent to some extent or another is going to be paying part of the bill either as part of their basic premiums and quite likely as part of deductible and/or copay financial exposure . In essence hiding a separate insurance coverage and medical care from your parents will be very difficult to do and presents you with ethical issues you must be prepared to deal with . If you want total privacy from your parentsin these matters then you must be prepared to tell your parents you no longer want to be covered as a dependent and purchase your own coverage for which you are financially responsible . "}
{"input": "Is Money From Disability Insurance Taxable? ", "output": "This is one of the most popular questions that I get asked so here is my answer : If you paid all of the premiums with after-tax income , or if your employer made the contributions and included the amounts in your gross income , any disability insurance benefits paid to you are exempt from tax . "}
{"input": "Is Money From Disability Insurance Taxable? ", "output": "Disability insurance benefit proceeds can have two outcomes when inserting taxation or the lack thereof into the planning equation . You can insure up to 60 % of your compensation tax free with nondeductible premiums or insure up to 80 % of your compensation taxable with deductible premiums through a business benefit arrangement . "}
{"input": "How Much Would Insurance For A Motorcycle Cost? ", "output": "That really depends upon many things including your age , where you live , and what your driving record and credit history happens to be . Certainly another factor is the year make and size of your ride . If you have your home and car insured with the same company , deeper multi policy discounts may be available that can affect your bike insurance . I am 58 , live in CT and have my home , cars , life insurance and bike insurance with the same company . I ride a 2008 Suzuki Boulevard C50 , have full coverage and high liability limits and pay $ 220 for the year for my insurance . "}
{"input": "Is my LTD effected by husband receiving social security? ", "output": "I am not aware of any long term disability with Hartford or any other carrier that looks at household income . Your long term disability was underwritten on your income and when you met the criteria to draw benefits until you earn income , you should stay on benefit until your policy is complete . "}
{"input": "Can An Apartment Complex Make You Get Renters Insurance? ", "output": "Yes an apartment complex can require you to obtain renters insurance as a condition of renting their apartment . What apartments are concerned about is liability protection . Should the tenant be liable for bodily injury or property damage the apartment complex does not want to be the first in line to be sued for something the tenant caused . Instead the tenants renters insurance policy will defend against the loss first . The apartment complex will not care if you chose to carry coverage for your own personal property . Also on a side note if the tenant did not carry renters insurance and was sued for a loss , just because the apartment complex may have to defend does not give a free pass to the tenant . Your still going to court and it can cost you thousands . Renters insurance is very inexpensive and covers you for so much . Buy it . "}
{"input": "What Information Do I Need For Home Insurance Quote? ", "output": "Well first congratulations on the possible purchase of a home . First we would need the physical address , then the details about the home . The location determines the fire department and distance from fire hydrants , if there are any . The details about the home , things like what type of construction it is , log or frame , and quality are important for us to calculate the cost to replace or repair the home if there was a claim . Also insurance companies need a bit of property history about you . . this is where having renters or some sort of property insurance history is good . "}
{"input": "Is Investing In Annuities A Good Idea? ", "output": "An annuity is a unique contract . It provides for a lifetime guaranteed income . No other investment vehicle offers that feature . As a part of a retirement portfolio it is the vehicle that most likely will produce the most income per dollar saved . The problem with an annuity is that there isnt an adjustment for inflation and with the passing of time buying power can be eroded . "}
{"input": "Is Investing In Annuities A Good Idea? ", "output": "That is a great question ! Annuities , like any investment have benefits and risks that can make them a great investment for you , or prove to ultimately not be . They are a great way to defer money to the future and ensure payments during retirement , but they can also require that the money used to fund them be left untouched for many years . If there is a chance that you may need that money before that period ends , then an annuity might not be a good investment for you . A good advisor or agent will sit down with you , and do what is called a `` suitability '' statement with you , and from that , determine if an annuity is a safe way for you to go . I hope that helps , if you have more questions , please feel free to drop me a line . Thanks for asking ! "}
{"input": "Is Investing In Annuities A Good Idea? ", "output": "An annuity is the only investment vehicle that can provide you with a guaranteed lifetime income . If that is your requirement , they are wonderful . Annuities have certain tax benefits that make them suitable investments for people in other situations . Generally , they are investment vehicles with a long term investment horizon . "}
{"input": "Is Investing In Annuities A Good Idea? ", "output": "It all depends on your risk tolerance and financial needs . Fixed annuities are well suited for a conservative retirement saver who wants guaranteed returns . Indexed Annuities are well suited for a conservative to semi-conservative retirement saver who wants guaranteed returns with the opportunity for a higher return than a fixed annuity . Variable Annuities are well suited for an investor who does not mind taking on the risk of loss . A person should carefully asses their risk tolerance and realistically how much loss they are willing to withstand before investing in a Variable Annuity . Annuities can be a great idea depending on your retirement savings needs . "}
{"input": "Is Investing In Annuities A Good Idea? ", "output": "Whether investing in annuities is a good idea or not is like any other investment , it depends on your individual situation , your objectives and risk tolerance . In Canada , deferred annuities are often referred to as Guaranteed Investment Annuities or GIA 's . They are similar to Guaranteed Investment Certificates or GIC 's , but since they are issued by insurance companies , GIA 's have additional features and benefits . In Canada , variable annuities are often referred to as Segregated Funds or Seg Funds . They are similar to mutual funds , but since they are issued by insurance companies have guarantees and features . The features and guarantees offered by GIA 's and Seg Funds are of special interest if you are self employed -LRB- at any age -RRB- , within 10 to 15 years of retirement OR already retired . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . More information available at www.ProtectandGrow.ca "}
{"input": "What Is The Most Affordable Health Insurance In Iowa? ", "output": "There are many affordable health insurance plans in Iowa , especially since federal subsidies will become available through the Iowa Health Exchange in 2014 . Open Enrollment begins in October of this year . `` Bronze '' plans will be the cheapest , since they have the highest out of pocket expense . If you qualify for the maximum subsidy , your premium may be much lower than you expected . As experienced brokers , we provide free online information and quotes that allow you to shop for the best health insurance prices in Iowa . Individual , family and business plans are available . Keep in mind that your age and place of residence will impact the price you pay . f you have any pre-existing conditions , the Exchange plans will provide coverage without asking medical-related questions . "}
{"input": "Is Car Insurance Required In Pennsylvania? ", "output": "It is 100 % Illeagel to drive an uninsured vehicle in the state of Pennsylvania . State minimums for car insurance are 15k/30k for Bodily Injury , 5k for Property Damage and 5k for Medical Payment . All other coverage and limits are optional . However I highly recommend Uninsured -LRB- UM -RRB- and Underinsured Motorist -LRB- UIM -RRB- coverage . This protects You if the person who hits you does n't have insurance or enough insurance to cover Your damages . Go to : WEBSITELINK for more information and some free quotes ! "}
{"input": "What Does My Auto Insurance Score Mean? ", "output": "Many auto insurance companies utilize consumer credit information and specialized algorithms designed to predict the likelihood of future claims . An auto insurance score may use both consumer credit , demographic data , driving records , and past claims information to predict future claims . These scores are then used to determine what premium rate to charge . People expected to make fewer claims pay less , and those expected to make more claims pay a higher rate . "}
{"input": "What Does An Auto Insurance Deductible Mean? ", "output": "It is the portion of the damage that you are responsible to pay for in the event of a claim . A good example is if you have a $ 1000 deductible and have damages for $ 10,000 , you would receive $ 9000 as the $ 1000 deductible is what you are responsible for . Hope this helps you . "}
{"input": "Is Military Retired Pay A Qualified Retirement Plan? ", "output": "No , the retirement plan offered by the military is not qualified . Public sector pension plans are not covered by ERISA -LRB- Employee Retirement Income Security Act -RRB- , and in order for a retirement plan to be qualified , it must meet the regulations set forth by ERISA . Therefore , the military 's retirement plan offered through the federal government is nonqualified . "}
{"input": "Does Medicare Cover Dental Implants? ", "output": "No . Routine dental services and procedures are not covered by Medicare . Medicare only pays for dental services that are conducted in a hospital - this is covered under Part A -LRB- hospital insurance -RRB- . You should purchase an individual dental insurance policy to secure benefits that cover dental care services / procedures . "}
{"input": "What Companies Offer Hybrid Annuities? ", "output": "Many companies are offer hybrid annuities or annuities with morbidity riders like long term care , critical illness , catastrophic illness , terminal illness , etc. . But one of the leading annuity distributors in One America , popular for their long term care rider on the fixed interest rate annuity that accepts 1035 exchanges from other annuities . "}
{"input": "What If I Start Smoking After Life Insurance? ", "output": "Nothing will happen if you start smoking after getting a life insurance policy . As long as you were forthcoming about smoking on your life insurance application , your policy will stay intact . If you ever allow the policy to lapse , you will need to get a new policy at smoker rates ; it would not be reinstated at nonsmoker rates . But if you convert it to permanent someday , that will also be at nonsmoker rates . "}
{"input": "What If I Start Smoking After Life Insurance? ", "output": "Other than the harmful effects it might have on your body and the decreased longevity , nothing will happen . Your life insurance policy is based on declarations that you made on a certain date . When things change after the issue date of the policy , the terms and conditions of the policy can not be altered . The same would be true of hazardous hobbies or occupations . "}
{"input": "How Does Social Security Fit Into My Retirement Plan? ", "output": "Social Security is a critical component in your retirement plan . The provisional income test for Social Security benefit taxation includes qualified plan distributions and income from other sources . Retirement planning is an art . Cash flow after tax is the monthly name of the game for seniors . If you can you should work until age 70 , delay taking your Social Security until age 70 and your required minimum distributions until 70 . "}
{"input": "What Are The Coverage Characteristics Of Life Insurance? ", "output": "The coverage characteristics of life insurance are relatively simple . Life insurance is meant to replace the income , the debt or the financial need of a business partner , spouse or loved one that would be in need in case of your death . A person dependent upon your income can be compensated , such as a child or spouse . An institution can have a debt repaid , such as a bank , mortgage company or credit union . A business that would suffer financially from the death of a partner or key employee . Life insurance is the most affordable way to cover these financial losses due to an unexpected or sudden death . We all die someday , do n't leave a big financial mess behind for those that depend on you . "}
{"input": "What Are The Coverage Characteristics Of Life Insurance? ", "output": "All life insurance falls into one of two categories of coverage . Each category has certain characteristics that make it more suitable for certain needs . Term life insurance is for temporary protection needs . If the insured dies during the term period , the insurer pays a death benefit . If the insured survives the coverage period , coverage ends . Permanent or cash value life insurance is for permanent protection needs lasting one 's lifetime . It provides coverage for life and , provided the premiums are paid and the policy does not lapse , a death benefit will always be paid . Cash values build over time and can be withdrawn or borrowed if needed . Term usually expires before you do while permanent is designed to last for your lifetime . "}
{"input": "Why Would You Be Turned Down For Life Insurance? ", "output": "It really depends on the company , but there are a number of parameters that can prevent a person from qualifying for life insurance . There are a number of insurers for example that will insure people up the the age of 90 ... not very many , but there are a few . Most will not insure people over the age of 80 no matter how good their health is . The mortality tables just place them at the high end of risk for death and therefore not a good investment for the insurance company . Most health conditions are not complete blocks to getting insurance , but may well be rated and therefore require a higher premium . Most insurers will not insure a convicted felon until they have fulfilled their parole requirements . Even then some companies will not take the risk . If a person 's occupation and or avocation is considered too high a risk , that may cause some insurance companies to decline issuing a policy . "}
{"input": "Why Would You Be Turned Down For Life Insurance? ", "output": "There are a variety of reasons why an applicant can be turned down . The leading cause of declination is poor health . Another reason for declination could be substance abuse and/or addiction to drugs or alcohol . Your motor vehicle driving record could contain multiple traffic violations , even DUI . What could be a hobby for some , will be too great a risk for the life insurance company like cliff diving or deep sea scuba . Underwriting may deem that the life insurance cant be justified on the basis of the proposed beneficiary or that the amount of coverage is not warranted . These are just a few of the possible scenarios that could cause your application for life insurance to be turned down . "}
{"input": "Why Would You Be Turned Down For Life Insurance? ", "output": "There is actually a whole list of why a person can be turned down for life insurance . Life insurance is a risk based product . Meaning an insurance company is willing to `` bet '' on your mortality and they are very good at it . They will promise you a rate for a given time period they are willing to accept in exchange for a large lump sum face amount paid to your beneficiary . Because of this risk their underwriters will look at very aspect of your life starting withage , build , occupation , life style , health status , geography , drug use and nicotine use to determine this risk . If any one of the aspects is outside of their risk tolerance then the person is declined for life insurance . "}
{"input": "What Is Fixed In A Fixed Annuity? ", "output": "The word fixed has to do with the rate of return . The insurance company exchanges a fixed amount of money , paid either in one payment or in periodic payments and agrees to make regular fixed payments for the lifetime of the annuitant starting at a specific date or a date to be selected later . In this case the insurance company assumes the entire risk for both earnings and principal "}
{"input": "What Is Fixed In A Fixed Annuity? ", "output": "That is an excellent question ! Fixed annuities are the simplest of the three main types of annuities . They are generally the safest in terms of risk , because the fixed rate of return is clearly stated . A fixed annuity will have a guaranteed interest rate that is fixed for a period of years . The other annuities , indexed and variable , will have rates and returns that can change based upon the profit or loss in the marketplace . I hope that helps , thanks for asking ! "}
{"input": "How To Shop For Cheap Car Insurance? ", "output": "`` Cheap auto insurance '' can mean acceptance of low liability limits , to keep the price down . The possible repercussions need to be considered seriously in any State . Think about the exposure you have when you drive , especially if and when you have an accident that is your fault . For example , you -LRB- or a family member -RRB- could have an at-fault accident that damages a very expensive vehicle or vehicles and also causes an injury to the other driver and maybe one or more of the passengers . If you have purchased low -LRB- cheap ? -RRB- limits of liability and you are sued , you could be facing the loss of personal assets , if a sizable judgement is assessed against you . Talk to several agents about this . "}
{"input": "Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver? ", "output": "It is really important to mention the state you live in to properly give you specific advice . However , if you are hit by a vehicle driven by a permissioned driver at the time of accident , they have loaned said driver the insurance they have on their current policy . This is an Industry Standard , unless they have an outdated policy that also still has ` excluded ' drivers , you may have an issue . It 's doubtful that this will happen . My opinion . "}
{"input": "Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver? ", "output": "I do n't know what state you are in , but I can answer this as respects Florida auto claims . The insurance is on the car and a temporary driver -LRB- who has permission to drive the car - meaning that it was n't stolen -RRB- would have coverage . In Florida the minimum liability for auto damage is 10,000 . If there was insurance on the vehicle that hit your son , that policy would cover at least 10,000 in property damage to your son 's car . "}
{"input": "Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver? ", "output": "A lot depends on the State you live in . Some States are `` No fault '' . In that case your insurance would pay . In most cases however , the driver of the other car woul be responsible . If that driver does not have insurance then the owner of the car would be responsible . "}
{"input": "Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver? ", "output": "In California the coverage applies to the automobile . Unless the automobile was being operated without the permission of the owner , coverage would be extended . Just to make things as clean as possible you should notify your agent or the claims department of your auto insurance company and have them process the claim for you . You might have to pay the deductible but once the case is successfully subrogated the deductible will be returned to you . "}
{"input": "Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver? ", "output": "In most cases with a standard issue auto policy here in CT , the coverage provided extends to named insureds and their resident family and anyone they designate to drive their car . It is always best to discuss the specific terms and conditions of your policy with your Insurance Professional to get a better understanding of coverage and limitations . However , it would seem that unless the driver of that car was using the vehicle with the permission of the vehicle owner , unless there was some other provision or limitation in that vehicle owners ' policy , there should be a reasonable expectation of coverage . If on the other hand , the driver was not using that car with the owners ' express permission , or if the driver was not licensed , there may be coverage limitations . There also may be conditions specific to your State where coverage may not apply . "}
{"input": "Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver? ", "output": "Last November , my wife faced the same situation . Her car was struck by another car . The other driver was 100 % at fault . The driver of the other car was not the owner of the car . The other insurance company paid 100 % of the damages . We got paid because we got a police report that identified the other car , the other driver , their responsibility AND THE OTHER INSURANCE COMPANY . Because we new who the other company was , we went directly to them and presented the claim . If you have an accident and it 's not your fault , get a police report and collect directly . "}
{"input": "Who Is Responsible For Vehicle Damage If The Car That Hit Me Was Covered, But Was Driven By A Different Driver? ", "output": "It really depends on the State you are in . In California if someone loaned their car to a friend and the friend caused the accident the insurance policy covering the car that did the damage is responsible to pay the claim if they were at fault . However there may be exclusions on the policy that could deny coverage . Without really knowing more it 's difficult to say in your situation . If a claim is being denied I would ask specifically as to why it is being denied . You can fall back on your own insurance to cover the loss to your vehicle providing you have collision coverage . "}
{"input": "What Are Life Insurance Quotes? ", "output": "Life insurance quotes are an estimation of the premiums you would pay for a given life insurance coverage structure -LRB- face amount and term length -RRB- . However , a quote is only as good as the information it 's based on . So if you run a quote at the most preferred rates and have n't factored in your height/weight , medications used , medical conditions , family medical history , tobacco usage , driving history issues , participation in extreme/hazardous activities , and a number of other factors , then the quote figures you ran are pretty much useless as they do not represent an accurate picture for the proposed coverage . The risk classification is the MOST IMPORTANT part of any quote an insurance agent gives you because the risk classification determines the premiums for the coverage . The final risk class a carrier approves you at after underwriting your policy will tell you what premiums the carrier will require for the coverage to be active . Many individuals like to see quotes with the most preferred rates -LRB- preferred plus risk class -RRB- as they are the cheapest cost and then they end up thinking that 's what they should get -LRB- and if they do n't get it , then they will forget the entire process and not even bother securing any coverage at all -RRB- . What you apply for is not always what you get - not everyone qualifies for the best rates . For example , if you have a major medical condition -LRB- e.g. heart attack , diabetic , had cancer , etc. -RRB- and the quote that was ran was for a preferred plus risk class , you 're wasting your time applying for it because every carrier is going to offer a higher risk class -LRB- and therefore require higher premiums -RRB- for the coverage -LRB- or possibly decline or postpone you for coverage depending on the details of the medical history -RRB- . This is why it 's critical to work with an experienced , knowledgeable , independent life insurance broker who knows the right questions to ask and can shop the case among multiple companies so they can give you the most accurate quotes up front that represent a realistic expectation of what you can expect to pay for the desired life insurance program . An important note : You NEVER want to just apply to a bunch of companies to see what sticks as this actually works against you because it 's a red flag to insurance companies when they complete the MIB check during underwriting -LRB- Medical Information Bureau - every carrier checks this because if you were declined by other companies , they want to know why -RRB- . You want to have your best -LRB- and most accurate -RRB- estimate up front so you get it right the first time so you can get the best rates for your program . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "What Are Life Insurance Quotes? ", "output": "In the best of all situations , life insurance quotes are a comparison of many , if not all companies at a particular health rating , amount and length of term . The problem for the consumer in this situation is that the human factor is missing . Does one carrier have different underwriting , can the broker make a case for a better health rating ? Quotes in life insurance are only estimates because the carrier itself is the only entity that can make an offer . Find a good independent agent and let them be your advocate . "}
{"input": "What Are Life Insurance Quotes? ", "output": "Life insurance quotes are the rates that you are expected to pay based on your age , gender , tobacco status , and health details . Life insurance rates are the price you actually pay . If you are looking at simplified or guaranteed issue policies where there is just one set of rates , then your quote will be what you pay -LRB- if approved for the policy -RRB- . If you are looking at a policy that requires an exam , or that offers more than one set of rates , then the quote may not be what you actually pay . A good agent will go over your health details and do their best to match you with a policy that has the best price for your unique profile . The more you share and the more experienced your agent , the more likely that the rate you pay will match your quote . But you never know for sure until your policy is approved . "}
{"input": "What Are Life Insurance Quotes? ", "output": "That is a great question ! A life insurance quote is like the estimate that you would get before having repairs done on your home or on your car . The estimate gives you an idea of what the expected cost of the repairs will be , and the insurance quote does the same thing . It is the expected cost of your insurance . Both estimates can be on the mark , or different depending upon what the company finds when they start looking closely at the work . In the case of life insurance , that would be your medical history , the underwriting decisions , and the prescription history that you have . I hope that helps , thanks for asking ! "}
{"input": "What Are Life Insurance Quotes? ", "output": "In simple terms , a life insurance quote is a proposal from a life insurance carrier to a prospective customer . The initial quote is generally based off of basic information about the person such as their age , sex , height & weight , tobacco use status and the amount of life insurance coverage they are seeking . For any meaningful level of life insurance the consumer should be aware that a proposal is only a proposal and not a firm offer of coverage . A life insurance quote is generally a contingent offer based upon best case assumptions . A life insurance application form will have to be completed in which the person applying for life insurance will have to answer medical questions and some lifestyle questions -LRB- do you skydive , etc. -RRB- . It is also likely that the applicant will have to take at least a basic medical exam where blood and urine samples will be taken . For high amounts of life insurance coverage a much more extensive physical exam may have to be taken before the applicant will be approved for coverage . "}
{"input": "How To Determine Amount Of Renters Insurance? ", "output": "This is perceptive question , and the answer may surprise you . You should choose liability coverage first and it should exceed your net worth . If you have stocks , property , autos and other assets take the most liability coverage available . The second part is no less complicted , insure the property you own inside the rented building to the amount it would take to replace it . To do that you need to think in terms of a fire , and filling out a claims form . What will it cost toreplace your couch , or bed with like quality pieces . You probably need a record of either what you paid for the item or at a minimum an image of the piece itself . When you have done that , total your pieces and you then have the amount of property insurance you should purchase . Please do n't forget though that a lawsuit could be much more expensive than a fire so chose your liability coverage carefully . "}
{"input": "What Is Recommended Car Insurance Coverage? ", "output": "That is a great question ! Depending upon where you live , your State will have a minimum required amount . In Texas , it is 30/60/25 - $ 30,000 max payout per person for an accident , $ 60,000 total paid per accident , and $ 25,000 max property damage paid . That said , we recommend that you have coverage equal or better than 100/300/100 . We have a very large number of very expensive foreign sports cars in Houston , and $ 25,000 does n't go far in repairing one , if you are unfortunate enough to hit one . I hope that helps ! Thanks for asking ! "}
{"input": "Is Life Insurance Permitted In Islam? ", "output": "There are many who believe that due to its use of chance and interest , insurance is haram or sinful . Due to the spiritual nature of this question , it is one best answered by seeking the advise of an imam . The imam would best be able to guide you to the correct answer regarding Islam 's position on insurance . "}
{"input": "Where To Get Home Insurance Quote? ", "output": "That is a great question ! Many people will turn to the internet for quotes , but I do n't recommend it . The quotes are very often generic , and will often change considerably when all the appropriate information is given . Do a couple of things , and then contact an agent -LRB- or agents -RRB- and ask fir quotes . Check with friends and family , and ask about their insurance - the customer service , cost , and how happy they are with their coverage . Then catalogue your belongings , serial numbers , replacement costs , etc. so that you have an idea of what you will need for coverage . That should give you a little better accuracy with your quote . Good luck , and thanks for asking ! "}
{"input": "Where To Get Home Insurance Quote? ", "output": "A trusted insurance agent is a valuable person to know . If you dont have an agent , get recommendations from your friends , colleagues and neighbors . A trusted agent will listen to you , provide sound financial advice , and communicate clearly with both you and the insurance company . Setting the limits of the policy is the most important step and this is where an agent can be of great assistance . If a claim isnt fully covered because limits were too low , you will be unhappy . "}
{"input": "Where To Get Home Insurance Quote? ", "output": "The best place to start is with your Insurance Professional . If you do n't have homeowners currently and this is a new purchase , ask about discounts that would be available for insuring your home with the same company that insures your cars . Your Realtor or Attorney would also be a great referral resource if you currently have no insurance or are moving to a new area . "}
{"input": "What Should Life Insurance Cost? ", "output": "Unfortunately , there 's too many factors that go into premium pricing to say what an average plan costs.The risk classification is the most critical factor in determining the cost -LRB- premium -RRB- of a life insurance policy . The risk class depends ona number of factors including whether you 're male or female , your medical history , height/weight profile , any tobacco usage , and other factors . Keep in mind , every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- Also affecting the premium for a policy is your age , how much coverage you want/need , and how long you want to guarantee it for -LRB- term or permanent -RRB- . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . Consult with an experienced life insurance broker to determine what coverage is appropriate/suitable for your needs and budget . Please feel free to contact me for help . Thanks very much . "}
{"input": "What Should Life Insurance Cost? ", "output": "There are too many factors that are taken into consideration to give a flat price on any life insurance contract . It depends on the age , tobacco usage , height , weight , medical history , family medical history , amount of coverage , company financial strength , strategy the insurance is being used for , etc. . To find out exactly how much it will cost you , meet with a local independent insurance agent or financial advisor and discuss your options . "}
{"input": "What Should Life Insurance Cost? ", "output": "Well , the cost of Life Insurance depends on the type of insurance you are looking at . Term is the least expensive life insurance available . Whole Life Insurance is generally the most expensive . The actual cost will depend on your age , the older you are , the higher cost of insurance . Your health and and the amount of coverage will also affect the cost of insurance . "}
{"input": "What Should Life Insurance Cost? ", "output": "That is a great question ! The way it is asked though , is kind of like , '' how much should a car cost ? '' That would depend upon the kind of car you want . The answer to your question depends upon the type of policy that you 'd like , the amount of coverage , and your health and age , for starters . Without more specifics , it would be difficult to give you an accurate answer . Generally , younger , healthier and non-smoking will cost more than older , unhealthy , and smoking . If you would like more specifics , please contact me , and I 'll happily give you a better idea . Thanks for asking ! "}
{"input": "What Should Life Insurance Cost? ", "output": "That is a great question ! It is one of the most commonly asked , and most difficult to answer satisfactorily . There is n't a magical number or range that in good conscience I can give you . The reason for that is that the cost of your insurance is based upon a lot of factors for which I have no information . How old are you ? Are you male or female ? Do you smoke ? Whole life or term ? Coverage amount ? Those are just the beginning . If you 'd like a real idea , please contact me through the provided link , and I can give you a better answer . Thank you for asking ! "}
{"input": "What Should Life Insurance Cost? ", "output": "My guess is that the answer to that question , `` What Should Life Insurance Cost ? '' will be different from every insurance agent you ask . Of course it depends on the type of life insurance and who the insured is , their gender , age , and health . It also depends on the face amount of the policy and if it 's a Term policy - how long is the term . The thing is that while the insurance industry is highly regulated and the insurance providers have to justify their costs in order to have their premiums approved , there is definitely a good deal of variance in what the different providers charge for similar coverage . You need to realize that the insurance company is taking all the risk , and that 100 % of all clients will eventually die and therefore a claim made on their policies . So what life insurance should cost is the amount needed to cover the insurer 's costs to provide the insurance plus enough profit for the company in order to insure that they will continue in business and be able to pay the benefit upon claim . "}
{"input": "What Should Life Insurance Cost? ", "output": "There is no set guideline for how much life insurance should cost . The age at which you buy the policy , and your health at the time of purchase , affect the cost dramatically . A person facing a probable long life ahead will pay far less than someone who can anticipate living only a few more years due to poor health and/or advanced age . "}
{"input": "What Is Symbol 10 In Auto Insurance? ", "output": "Symbols are used to designate various types of auto coverage on a business auto policy . They range from 1-9 and 19 for business auto , 21-31 for garage keepers coverage , 41-50 and 59 for truckers , and 61-71 and 79 for motor carriers . For example , symbol 1 refers to `` Any Auto '' and is the broadest designation , allowing the coverage for any automobile an insured my find the need to drive . Symbol 10 is one of the ` custom ' symbols , meaning the use of the vehicle has a meaning that has been modified from one of the standard symbol designations for that class of vehicles . In these cases , the auto in question does not fit 100 % into one of the standard symbol designations , so the insured and the insurer agree to a custom definition of use . "}
{"input": "Is Homeowners Insurance Paid Monthly Or Yearly? ", "output": "That all depends on if you have your homeowners insurance escrowed or not . If you have your homeowners insurance paid by your mortgage lender then your homeowners insurance premium will typically be paid annually . If you pay your homeowners insurance your self you can typically elect to pay it monthly or annually . Some carriers may even allow quarterly or semi-annually . Every company is different , please contact your local agent to find out how your carrier handles these types of transaction . "}
{"input": "What Age Is A Classic Car For Insurance? ", "output": "This answer will vary from one classic car insurance company to the next . But generally , classic cars need to be at least 25 years old with most companies . Of course , many classic car insurance companies also provide coverage for exotic cars , which do n't have age requirements . There are also some special models that companies will make exceptions for . So it 's important to shop around because companies vary quite a bit with classic cars as far as what they will/won ' t insure . "}
{"input": "Which Is More Expensive Car Or Motorcycle Insurance? ", "output": "Car insurance is usually more expensive than motorcycle insurance because the value of the vehicle is more . Also , there is likely to be more damage in an auto accident compared to a motorcycle accident . However , there are some very expensive motorcycles on the road that do cost more to insure than many cars . Of course , these cycles are very expensive bikes . "}
{"input": "Does Medicare Cover Emergency Room Visits? ", "output": "Yes . This actually falls under your Medicare Part B coverage . Medicare Part A is known as hospital insurance , but handles the inpatient hospital stays . Emergency Room visits are covered under Part B. Original Medicare -LRB- Parts A & B -RRB- cover about 80 % of the costs for medical care . Generally , you 're paying your Part B deductible and 20 % of the Medicare-approved amount for the services the doctor -LRB- s -RRB- provide . A Medicare supplement plan can cover these expenses . "}
{"input": "How Do You Cancel A Universal Life Insurance Policy? ", "output": "Universal Life Insurance , like any `` permanent '' insurance policy , needs to be cancelled through the carrier that it is written with . If you have an agent , you can contact him/her and ask for the SURRENDER forms . By requesting and submitting a completed form , the issuing company will refund your Cash Surrender Value at the time of the request and send them to you via check or EFT . Before cancelling ANY permanent policy , carefully consider your insurability , cash flow , and benefit need , as you may not be able to replace a terminated policy . "}
{"input": "How Do You Cancel A Universal Life Insurance Policy? ", "output": "Canceling existing life insurance is not a step to be taken lightly . If the beneficiaries no longer need the protection then cancelling the policy might be appropriate . Contact the agent or company representative and let them know what you desire . In California you might have difficulty surrendering a policy because of community property laws . The company will walk you through the process . "}
{"input": "How Do You Cancel A Universal Life Insurance Policy? ", "output": "Many people `` cancel '' their policies by simply stopping paying the premium . That is not a bad way to drop a term policy , but with universal life , you should cancel your policy through the carrier . You may be able to salvage some of the cash value , or even use it to continue your policy until you can afford paying premiums again . It is not your most cost effective choice to just let UL slip away . "}
{"input": "How Do You Cancel A Universal Life Insurance Policy? ", "output": "You must cancel the policy through the company which issued it . Because your needs may have changed , review your situation with a competent agent . Find out if it is really in YOUR best interest to cancel , surrender for cash , or replace the policy with a newer one . There may be tax advantages to replacing the old policy with a newer universal life policy . "}
{"input": "When Is A Good Time To Get Life Insurance? ", "output": "There is never a better time to get Life insurance then now . Life insurance increases every year you get older and your health is not guarantteed . Life insurance is also the only insurance product on the market that is guarantteed you 'll use . Term rates are at an all time low and obtaining a policy has never been easier . Just make sure you deal with a company who has a good tract record and who will be here in the next 40 - 50 years . "}
{"input": "When Is A Good Time To Get Life Insurance? ", "output": "The best time to buy life insurance is the day before you die . That way you wo n't pay a penny more than you have to for your coverage ! What 's that you say ? You do n't know the day you are going to die ? Hmmm ... well then , the answer is easy : The best time to buy life insurance is now . Assuming you have a need -LRB- or a desire -RRB- for life insurance coverage , you are best served buying it sooner rather than later . Term life insurance rates are as inexpensive as they will ever be , and they will only get more expensive as you grow older . If you are interested in cash value insurance , it 's even more important that you buy it sooner rather than later . Find yourself a qualified agent and work with him or her to design a program of life insurance coverage that will address your needs and keep your overall costs down . "}
{"input": "Does Federal Government Offer Short Term Disability Insurance? ", "output": "The federal government does not offer short term disability . Government workers do not have a directly sponsoredprogramthat they are automatically enrolled in . They can purchase private coverage . There are several private companies that allow government workers to purchase group policies and pay for them with a deduction initiated through the worker 's pay center . The federal government supports social security disability for private workers , but this program does not cover temporary disabilities . Your disability must be expected to last twelve months or longer , or result in death . "}
{"input": "What Happens If I Cancel My Universal Life Insurance Policy? ", "output": "Universal life policies are somewhat tricky . What happens when you cancel a universal life policy depends on when you cancel the policy . In the beginning years of a UL it has no cash value accumulated , so if you cancel during that stage nothing happens other than the policy terminates . You get no money back . In the mid range years of the policy it will likely have some cash value , so if you cancel it during that period you may receive the cash value . In the later years of a UL , unless you have kept pace with the increasing `` cost of insurance '' , -LRB- in other words paid increasingly higher premiums -RRB- , the cash value that has accumulated may be reduced by they increasing cost of insurance until there is no more cash value remaining . At that point the policy may terminate . So if you cancel the policy while it has cash value you will receive the cash value . If there is no cash value when you cancel the policy it will simply terminate . "}
{"input": "What Happens If I Cancel My Universal Life Insurance Policy? ", "output": "If you cancel your universal life insurance policy , you will no longer have that coverage to pay out upon your death . Likewise , you will no longer owe any premiums . If your policy has cash value at the time that you cancel it , you can collect that , minus any fees and/or surrender charges . If there is not enough cash value in the policy to collect anything , the policy simply ends . "}
{"input": "Why Buy Critical Illness Insurance? ", "output": "You should consider critical illness insurance if your family medical history is predisposed to chronic health problems or diseases that run in your family throughout recent generations . As you grow older , you may have had behaviors that can lead to critical illness like tobacco additions that leave you vulnerable to respiratory problems or obesity that lends itself to a variety of health problems . "}
{"input": "Why Buy Critical Illness Insurance? ", "output": "People buy critical illness insurance to protect their family against undue financial hardship if they should become diagnosed with a serious illness . People are surviving serious health conditions more often , and for more years , than in the past . At the same time , it seems that everyone has a close relative or acquaintance who has had cancer or heart disease or other serious illnesses . These are just some of the factors that compel people to buy critical illness insurance . "}
{"input": "What Is The Best Term Life Insurance? ", "output": "The best term life insurance policy is the policy that is scheduled to terminate the day after you die . The company would then pay the full death benefit but will probably have collected the least amount of premium . Unfortunately few in society know the day when they will die . Then you need to select a policy that covers you for the period of time when the need is greatest . "}
{"input": "What Is The Best Term Life Insurance? ", "output": "The best term life insurance policy is one that fits your TEMPORARY needs . Ask yourself what you are using the life insurance for . If it is to cover the cost of your home mortgage , or your business loan , simply get coverage for that amount . * Example : You have 15 years left to pay off your mortgage and it 's currently $ 150,000 pay off . You can get a 15 year term life policy for $ 150,000 . The only problem with this solution is that most people have other outstanding debts that need to be addressed . Think about what it would cost to replace YOUR income if you no longer were here . Do you have Kids ? Do you want them to attend college ? What 's the cost of that ? So in the example above , $ 150,000 would not be enough . The best term life insurance policy would be one that would completely get you out of debt , pay off your loans , and leave additional money to your family to replace your income so your family can continue on with lifestyle of living they are accustomed to . You can find all kinds of life insurance cost calculators online to help you determine the right amount for you ! "}
{"input": "What Is The Best Term Life Insurance? ", "output": "The best Term Life Insurance is a policy that will cover your need for it . E.g. . If you have a business loan that you will pay off over the next 10 years , 10 year Term Life Insurance may be your best choice . However , if you do n't have a set need , getting a policy that will last until the date that the policy can last be converted can be a good choice . E.g. Let 's say you are 40 and the policy is convertible to the end of the term or age 70 , whichever comes first . If you get a 30 year term policy , you will have inexpensive coverage for the next 30 years . Perhaps you no longer need life insurance at age 70 , so you can just drop your coverage when the term ends . On the other hand , you may develop a serious illness and not want to lose your policy . Converting your current term policy to a permanent one can be a wonderful option to have in this situation . "}
{"input": "What Is 20 Year Term Life Insurance? ", "output": "20 Year Term Life Insurance is a common term life insurance policy that people get when they want to provide protection for their children or other obligations . A 20 year term policy usually stays the same price for 20 years , although you need to check the years that the premium is guaranteed to be sure it can not go up in price during that time . When the 20 years are up , the policy will end or the price will increase drastically . "}
{"input": "How Long Has Long Term Care Insurance Been Around? ", "output": "Long term care insurance is a relatively new form of insurance . It has been around since the early 1970s . In those early days , it was primarily seen as `` nursing home '' insurance that provided indemnity benefits . Indemnity policies pay a specified amount for each day of covered services regardless of the actual costs incurred by the insured . It has evolved beyond this limited beginning to reimburse the insured for costs he or she incurs for comprehensive covered services in one 's home or in a nursing home or assisted living facilities up to a daily , weekly or monthly maximum stated by the policy . "}
{"input": "Does Homeowners Insurance Cover Jewelry? ", "output": "Yes , however there is usually a set amount they will pay . If you have expensive jewelry you can schedule the jewelry by having each item appraised and listed specifically on your policy . Check with your agent on the requirements and premium for the additional coverage as well as the limit for your basic coverage . "}
{"input": "Should I Buy Long Term Care Insurance In My 40s? ", "output": "Long-term care insurance is kind of like life insurance in the way that you should purchase it as early as possible . If you wait until your health is bad you may not qualify for the insurance . And , none of us know when our health will start going downhill . People might become uninsurable due to sudden and unforeseen events . Do you purchase automobile insurance after an accident ? Do you purchase homeowners insurance after your house burns ? The answer to both of these questions is no . And , the same is true for long-term care insurance . If you have friends or family that are younger than forty they may want to look into it at a younger age . I just read the answer for Gary Lane , and if you live in California I would recommend you contact him regarding the life insurance with living benefits . As an independent agent in Florida , I have access to at least a couple of those companies , as well . Gary , I would certainly like to talk to you about those companies and products if you are willing to share some information with me . One more thought regarding the best time to purchase insurance , if it is not affordable now when will it be affordable ? It does not get cheaper as you get older . It gets more expensive . "}
{"input": "Should I Buy Long Term Care Insurance In My 40s? ", "output": "I personally never recommend long term care insurance until a person is at least mid 50s to early 60s . I believe long term disability insurance is more important in your 40s if you are still earning income . There are many other insurance products to consider in your financial plan and long term care insurance is near the bottom of the list in your 40s . "}
{"input": "Should I Buy Long Term Care Insurance In My 40s? ", "output": "Yes . It will certainly cost you less then . However , you might be interested in life insurance with living benefits . It can cover the costs of long term care , along with disability , chronic care , along with the terminal care . It is now offered by only 5 companies in America . Love to talk with you about it . Thank you . GARY LANE 714\u00a0422\u00a09616 "}
{"input": "Should I Buy Long Term Care Insurance In My 40s? ", "output": "If it 's affordable and makes sense as part of your financial plan . As you look at various companies that sell LTCi , make sure you only purchase what you believe is necessary in terms of how long the policy will last once you need care . Another and most important consideration is the cost of living rider . I would purchase this with the highest benefit accumulation . Before you commit yourself you will want to look at the alternatives . For instance there are permanent life policies that have long term riders as well as annuities which provide a much higher payout if you need care . "}
{"input": "Should I Buy Long Term Care Insurance In My 40s? ", "output": "I would wait until after 50 to buy Long Term Care Insurance unless you have a fear that your health will not be good if you wait . E.g. . If diabetes or heart disease run in your family , getting your Long Term Care Insurance policy in your 40 's could be the only time you will be ever be able to get LTCI . "}
{"input": "Is State Farm a good company for Life Insurance? ", "output": "Well to join the love fest . I agree with Tyler and Scott . While State Farm is a highly rated company and does a good job on the Home and Auto side . Their life insurance offerings are just not competitive . As Scott said they really push their non guaranteed Universal Life and may add term to boost the face amount . Their underwriting is yet another issue . Being primarily a property and casualty company they have stricter Life Insurance underwriting than a Life Insurance company . Many times the agent is not that involved in the sale or service which may be relegated to the customer service rep. I have been a licensed agent for a long time . I use a property and casualty company for my property and casualty coverages and Life Insurance companies for my Life Insurance . "}
{"input": "Is State Farm a good company for Life Insurance? ", "output": "I agree with what Tyler said . As a rule , most property and casualty companies -LRB- that mainly sell auto , homeowners and business insurance -RRB- are worth looking at but definitely not the ONLY place you want to look for life insurance . State Farm is a top rated insurance company and is a brand you should consider in your research . A wise consumer should always shop all insurance purchases against dozens of other companies before making a purchase . If the savings are substantial , I would buy elsewhere . If the price is close ... State Farm is fine . An independent insurance broker can help you shop dozens of companies all at one time . "}
{"input": "Is State Farm a good company for Life Insurance? ", "output": "State Farm is a perfectly fine company with strong financial ratings . But , their Life Insurance is not what most agents would define as competitive . In fact , it often tends to be more expensive when compared to other companies . State Farm -LRB- and Allstate -RRB- often offer to discount your Home or Auto if you place your Life Insurance with them . On the surface it sounds like a great deal . But you need to actually compare the Home/Auto discount , to the difference in Premium for the more competitive Life Insurance Policy . Every time I have done this with a person , the lower priced Life Insurance Policy saves a lot more money than a discount other policies . Speak to an independent Agent who can compare multiple companies and show you the most competitive for your situation . Or visit a website such as the one on my profile and you can compare quotes yourself . "}
{"input": "Can Someone Have Two Health Insurance Policies? ", "output": "Technically , yes , you could . Though it would serve little practical purpose and be a really expensive proposition in this day and age . When you enroll in a health insurance plan there will always be a question asking if you will have other coverage in effect along with the policy you are applying for . This is so the two insurance carriers can coordinate their benefits among each other . In no case will your coverage with the combined insurance policies exceed 100 % of your covered expenses and it is illegal to make a profit off of having health insurance coverage . So , you would pay two full premiums for two separate major medical policies but , at best the secondary policy would only pay what was n't paid for by the primary policy . While I have n't seen or heard of it being tried , I would expect that a person enrolling for coverage through HealthCare.gov , especially a person who qualifies for a premium tax subsidy , would not be allowed to enroll in more than one plan by the way the computerized enrollment system is set up . "}
{"input": "How Are Life Insurance Dividends Taxed? ", "output": "Great question ! The IRS considers dividends paid to you to be an overpayment of premiums , and as such , are n't taxed . You paid taxes on the money for the premiums that you paid , so basically you were just `` over paying '' . That said , there can be situations where you would have to pay taxes if you take out loans and your policy lapses , but as long as it stays within the policy , you are fine . need more detail ? feel free to contact me , I 'm happy to help . Thanks for asking ! "}
{"input": "How Are Life Insurance Dividends Taxed? ", "output": "Dividends in life insurance policies are , by definition , a return of your money and are therefore not taxed -LRB- the money you used to pay the premiums were already after-tax monies -RRB- . The dividends can be used in several ways -LRB- the most common that carriers offer are reducing premiums , securing paid-up additions , or receiving the monies directly as payments -RRB- . "}
{"input": "How Are Life Insurance Dividends Taxed? ", "output": "In Canada , life insurance dividends are not taxed as paid up additions while they are attached to the policy . If they are dividends on deposit the interest on the dividends is taxable . On surrender or withdrawal the dividends form part of the cash value and will be taxed on the gain . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "When Do Companies Have To Offer Health Insurance? ", "output": "No one is required to offer health insurance , but employers are strongly encouraged to offer it as a way of attracting people to come work for them . Depending on how many employees there are for a given company , the employer may be subject to employer shared responsibility payments if they do n't offer group coverage and meet enrollment requirements . Employers also often offer group health insurance because they can get certain tax deductions and tax credits for doing so and enrolling employees . If you want to look into setting up a group health plan to offer your employees -LRB- or want to review your existing coverage to see if something better is available -RRB- , you want to work with an experienced health insurance broker . There 's many moving parts to group coverage . We have in-depth knowledge of the products available and can help design a policy that is suitable to your needs , your budget , and will offer great coverage to your staff . Please let me know if I can be of assistance . Thanks very much . "}
{"input": "What Is The Difference Between Term Life And Universal Life Insurance? ", "output": "Term life will pay a death benefit to those that you love if you die within a specified period of time . A universal life policy is a permanent life insurance policy in that it can be used to provide coverage until the day of death whether that is soon or many years from now . The term policy is pure expense . The universal life policy , while more expensive now , can actually reduce the cost of protection over many years by accumulating cash values . Discuss this with your agent . "}
{"input": "What Is The Difference Between Term Life And Universal Life Insurance? ", "output": "The main difference between Term Life and any form of permanent Life , Universal included , is that Term is pure Life Insurance without any frills . What I mean by that is that , so long as it is in force , it pays the stated amount as a death benefit to your named beneficiary when you die . Permanent plans include other features such as some form of inside cash accumulation that Term Insurance does not . "}
{"input": "What Is The Difference Between Term Life And Universal Life Insurance? ", "output": "Some differences between Term and Universal Life are : 1 -RRB- Term rates are locked in for a set number of years . Universal life rates may be locked in for life -LRB- but not always -RRB- . 2 -RRB- Term rates are based on cost of insurance . Universal Life rates are based on costs of insurance and interest rates . 3 -RRB- Term rates must be paid within at least two months of the due date , or the policy will lapse . Universal rates may possibly be paid by cash value within the policy -LRB- but not always -RRB- . 4 -RRB- Term policies do not have any cash value . Universal Life policies may have cash value -LRB- but not always -RRB- . 5 -RRB- Term policies are pretty inflexible . Universal Life policies have much more flexibility . "}
{"input": "Is Hurricane Damage Covered In Home Insurance? ", "output": "It depends on where you live and the type of policy you have . In certain states you have to purchase separate Wind/Hail coverage so hurricane coverage is not included . In Virginia , wind/hail coverage is included in most policies unless you live near the coast . Coastal policies typically excluded wind/hail coverage or they will have a separate deductible . For example , you may have a $ 1,000 standard deductible but a 1 % - 5 % named storm or hurricane deductible . A percentage deductible is a big difference so make sure you are aware of what your policy includes . "}
{"input": "What Is The Weight Limit For Health Insurance? ", "output": "Under the Afforable Care Act , you can not be declined for health insurance due to a pre-existing condition or other health-related issue including being overweight . You have the option to secure a bronze , silver , gold , or platinum level plan - please note , not every carrier offers a plan under each level -LRB- e.g. company XYZ may only offer bronze , silver , and gold plans , but not platinum plans -RRB- . Individuals under age 30 also have the option of securing a catastrophic plan . If you qualify for a subsidy , you would want to look into plans ON the health insurance exchanges . If you do n't qualify for one , you may want to look into plans OFF the exchanges as you will generally have more options available to you . I always recommend consulting with an experienced broker if you 're looking for coverage or want to review your existing insurance to see if a better option is available . We have an in-depth knowledge of products from many different carriers and can help you determine the plan that 's going to best serve your needs and your budget . Please let me know if I can be of further assistance . Thanks very much . "}
{"input": "What Is Basis In Retirement Plan? ", "output": "Since a tax qualified plan defers taxation until money is withdrawn there is no cost basis . Or to put it another way the basis is $ 0 . All funds coming out will be taxed as ordinary income when received . If funds are rolled over to an IRA those funds when received will be taxed as ordinary income . "}
{"input": "What Is Basis In Retirement Plan? ", "output": "The term `` basis '' means the sum of your personal after tax contributions . If you have basis in an existing pension plan you will receive your basis back income tax free . You will only be taxed on pre-tax contributions and the interest earned . Poeple who have a non-contributory retirement plan do not have any basis in the plan . "}
{"input": "Can I Get Life Insurance For My Parents? ", "output": "You can get a small amount of life insurance for your parents for final expense needs . If you want a larger amount , you would need to show that you share a financial relationship with them , and would suffer financially from their deaths . E.g. . If you live with them or they live with you . "}
{"input": "Can I Get Life Insurance For My Parents? ", "output": "Yes , but it depends on the circumstances as to why you would need to purchase life insurance on your parents . If you would be financially responsible to pay for their final expenses at their deaths , certainly yes . You would be able to purchase enough life insurance to cover those expenses with their knowledge and permission . If you are financially dependent upon their income then yes you could purchase a policy with their knowledge and permission . If the reason is just pure financial gain then no you would not be able to purchase life insurance with or without their permission . "}
{"input": "Can I Get Life Insurance For My Parents? ", "output": "Yes you can get life insurance for your parents . You will need their permission to insure them , but since you would have insurable interest you can take out and own a policy . Note : In Canada , when you transfer ownership there is usually a deemed disposition . In other words a taxable gain is triggered . This does not apply in certain family situations . Which creates a planning opportunity for generational wealth transfer . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "Can I Get Life Insurance For My Parents? ", "output": "Two parts to the yes on this questions . First is you need to let them know you are going to do that and get their permission . Second is , apart from final funeral expense coverage , you would have to show an insurable interest , meaning some financial dependence upon them . If , for example , they are paying you each month , or lending you money , that would be an insurable interest . If you have no relationship with them , then you could not get a policy on them , but they could get a policy on themselves to benefit you . This would , of course , in any event , depend upon their own insurability , meaning mostly their own health . Thank you . GARY LANE . "}
{"input": "What Insurance Companies Can I Get For Under $200 Or Less? ", "output": "It is not the insurance company that will determine if you can get a policy under $ 200 . It is your age , health , the type of policy you get , and the face amount of the policy . Visit one of the websites on this site that offers `` instant quotes '' , and input some different face amounts and policy types to see if you can find one with a premium that low . Then call that website to confirm if you qualify for it . Sometimes we have even lower priced options that are too hard to plug into a quote engine . If you get the right agent , it will always be to your advantage to talk to them and let them shop for you . "}
{"input": "How To Write A Letter To Cancel Auto Insurance? ", "output": "That is a great question ! Basically all that you will need to do is write a note that tells them that you would like to cancel the insurance that you have with them , policy #xxxxxxx , effective as of whatever date that you would like for it to end , and sign and date it . You will also want to make sure that you are paid up through that date , and that they do n't owe you money for excess premium paid . I hope that it is safe to assume that you have found other coverage before you do that . Take a look at your policy , or call your agent , just to be certain that there is n't a 30 day notice required , okay ? Thanks for asking ! "}
{"input": "Why Should You Plan For Retirement? ", "output": "Actually there arent a lot of people who do plan for retirement . Retirement is coming whether you plan for it or not . Many people , through lack of planning , can not afford to retire so they work until they can not work any longer . Rather than enjoying their golden years , they struggle to stay gainfully employed when the market place doesnt value them very much . Finally , they become dependent . They must depend on relatives or the state . No , you dont need to plan ; you can be overwhelmed by it later . "}
{"input": "Why Should You Plan For Retirement? ", "output": "Retirement can thought of as a time of change . It is more than your job and paycheck stopping or the selling of your company . Retirement It is a event or at the very least transition . What happens if you do not plan and simply fly by the seat of your pants ? You probably will have income problems or end up paying more tax because of the lack of planning . There is of course the non monetary side . What are you going to do with the rest of you life after `` retirement ? . No plan then you may not like how things turn out . If you have more questions you can contact me . Start with my web site www.jpw.ca if you prefer . "}
{"input": "When Is A Retirement Plan Top Heavy? ", "output": "A top-heavy plan is one that benefits company officers , owners , employee shareholders , etc. and/or key employees . If a qualified plan becomes top-heavy , there are top heavy tests that ensure the other employees receive fair to equal treatment with similar benefits under the plan . In general , the basic definition of a top heavy defined contribution plan is when total account balances of key employees exceed 60 % of the total retirement accounts . "}
{"input": "Who Regulates Long Term Care Insurance? ", "output": "The State Departments of Insurance -LRB- DOI -RRB- regulate and oversee long-term care insurance sold and administered in each state . The General Accounting Office of the federal government -LRB- GAO -RRB- works in concert with the National Association of Insurance Commissioners -LRB- NAIC -RRB- to monitor the activities of the State DOI , and audit their work as it relates to payment of claims by individual insurance carriers , rate changes and approvals , and sales practices . In 2008 , the GAO released a report `` State Oversight of Rate Setting and Claims Settlement Practices '' involving 10 sample states on the topicand reported the following : `` Regulators in the 10 states GAO reviewed oversee claims settlement practices by monitoring consumer complaints and conducting examinations in an effort to ensure that companies are complying with standards . Claims settlement standards in these states largely focus on timely investigation and payment of claims and prompt communication with consumers , but the standards adopted and how states define timeliness vary notably across the states . Regulators told GAO that reviewing consumer complaints is one of the primary methods for monitoring companies compliance with state standards . In addition to monitoring complaints , these regulators also said that they use examinations of company practices to identify any violations in standards that may require further action . Finally , state regulators in 6 of the 10 states in GAOs review reported that their states are considering additional protections related to claims settlement . For example , regulators in several states said that their states were considering an independent review process for consumers appealing claims denials . Such an addition may be useful as some regulators said that they lack authority to resolve complaints where , for example , the company and consumer disagree on a factual matter , such as a consumers eligibility for benefits . '' Each state has a DOI website which includes a subsection on long-term care insurance sold in that state . Their Internet addresses are usually something like www.insurance . -LSB- abbreviation of state , like ` AZ ' -RSB- . gov.They can also be googled '' -LSB- Name of state -RSB- State Department of Insurance '' . "}
{"input": "What Does Cash Value Mean On Life Insurance? ", "output": "A permanent life insurance policy is where you will find cash value . In your policy it is often called a non-forfeiture value . The permanent policy is designed to offer a death benefit throughout life for a set premium . While not all policies guarantee the premium the policy premium includes money that is accumulating to offset the death benefit as the age of the insured increases . At any time that there is cash value in the policy the company is willing to give you that cash value in exchange for taking away their responsibility to pay the death claim . "}
{"input": "What Does Cash Value Mean On Life Insurance? ", "output": "Cash value on a life insurance policy is the amount that the policy would be worth if it were cancelled at the point that the cash value was determined . Every carrier and policy is different . The cash value may still be subject to some fees or other charges when the policy is terminated . To know all of the coverages and exclusions afforded under the policy you should read it completely or contact your local agent to have them go over the policy with you . "}
{"input": "What Does Cash Value Mean On Life Insurance? ", "output": "Permanent forms of cash value life can accumulate cash via premiums and credited earnings from interest rates , indices or equity and bond instruments in separate sub accounts offerings . Permanent forms of cash value life insurance are participating whole life , current assumption universal life , indexed universal life and variable universal life . "}
{"input": "What Does Cash Value Mean On Life Insurance? ", "output": "That is a great question ! Simply put , there are two values to your whole life policy - the face value , or death benefit , which is what the policy would pay should you pass -LRB- minus fees or loans -RRB- , and the cash value . The cash value is the amount of money that accumulates within the policy as it grows . This is the amount that you can borrow from , or the amount -LRB- minus loans or fees -RRB- that the company would pay out to you should you surrender the policy . There is no cash value in a term life policy . I hope that helps - thanks for asking ! "}
{"input": "What Does Cash Value Mean On Life Insurance? ", "output": "When you have whole life insurance it is designed so that you are building more and more cash in it each year . When a whole-life policy gets to maturity -LRB- called the endowment year -RRB- you are actually self insured . Your cash value is the same as your death benefit at that point . You can use the cash value while you are living by giving yourself low-interest loans against the cash value of your policy . You are not required to pay these loans back if you do n't want to since the cash in your policy is what guarantees the loans . The cash value is not in addition to your death benefit , it actually is part of the death benefit on whole-life policies . The remainder -LRB- cash value subtracted from the death benefit -RRB- is the remaining insured amount . "}
{"input": "What Does Cash Value Mean On Life Insurance? ", "output": "That is a great question ! One of the best things about whole life insurance is that as you pay into the policy , the cash begins to pile up in it , and is there in the event that you need to borrow from it . It is different from the surrender value , which is the amount that you would receive were you to surrender the policy . I hope that helps , thanks for asking ! "}
{"input": "What Does Cash Value Mean On Life Insurance? ", "output": "A permanent life insurance policy has two elements , the cost of insurance in a given year , and an accumulation fund to reduce the impact of increased premiums for insurance as you get older . The company will give you the accumulated amount as cash value anytime you are willing to stop holding them to their promise to pay the death benefit . "}
{"input": "Can Life Insurance Proceeds Be Garnished? ", "output": "While I am not an attorney and can not speak for every situation , in most cases life insurance proceeds are protect from creditors and probate.There may be some situations that could result in garnishment however in most cases the answer would be no . Check with your attorney to verify your particular situation . "}
{"input": "Does Aflac Offer Disability Insurance? ", "output": "To the best of my knowledge AFLAC does not offer a true disability policy . There policies are primarily supplemental , designed to pay in addition to any other coverage you may have . These policies are very good but are more limited than a true disability policy You might consider a combination of both disability insurance and a supplement to help pay for any elimination period or extra bills and lost wages you may incur . "}
{"input": "Does Aflac Offer Disability Insurance? ", "output": "Yes , AFLAC does have disability insurance in their portfolio of supplementary insurance products . Most commonly people are offered AFLAC coverage through their place of employment though consumers can go directly to AFLAC for coverage . There are two types of disability insurance ; Short Term and Long Term Disability . The general industry standard is that a short term disability plan pays benefits for up to 6-months and long term policies cover much longer periods of disability . AFLAC takes more of a hybrid approach in their disability product that gives an individual options that can extend beyond the time period normally associated with short term disability policies but at the same time not going as far as most long term disability policies will cover . Disability insurance can be very important as we have about a 1 out 3 chance of being disabled for some period during our working years . However , not all disability insurance policies are created equal or offer the same value propositions . The convenience of buying at the workplace and paying through payroll deduction can be very attractive , this is no guarantee though that it is really the best fit for your individual needs . If you are serious about insuring your paycheck you would be well served to explore both AFLAC and other options you can obtain in the marketplace . Also , just because your employer allows an AFLAC agent to come into your workplace and sell you insurance does n't mean that your employer has gone through any process of determining if these products are a good value for you . The reason is that you are paying for it with your money so it 's a `` let the buyer beware '' situation and is totally different than the process your employer goes through when looking for group health insurance for their employees . In that case the employer is financially involved and they go through an extensive shopping and comparison process before deciding on the best health insurance option to offer their employees . This is not to say that AFLAC does not have good products or that they have n't helped many customers over the years - they have . But , at the same time , massive advertising and branding campaigns combined with very aggressive sales tactics are no guarantee of being the best value . "}
{"input": "How Do Fixed Annuity Companies Make Money? ", "output": "Companies which offer Fixed Annuities & Fixed Indexed Annuities make money in several different strategies depending on the product . Some annuities have caps . The company will make money from interest earned over the cap . Other annuity products have spreads or fees meaning they will take a % which is set at the time the contract is taken . Others will have participation rates meaning you participate or get a % of the interest which was earned . There are a few other ways as well . if you have a specific question about an annuity you are looking at , do not hesitate to call your Broker or reach out to me . "}
{"input": "Can I Buy Auto Insurance Without Owning A Car? ", "output": "It would be different for every state . In Michigan we have something called Non-Owner coverage . This would be the coverage you would need if you did not own a vehicle and it covers your liability when you 're driving someone else 's vehicle . However , the vehicle that you are driving would still need to have current registration and current insurance on it by the owner of the vehicle for your non-owner coverage to be valid . "}
{"input": "What Is Enhanced Annuities? ", "output": "Enhanced annuities are lifetime annuities that pay a higher than normal income to annuity holders because the the annuitants have poor health . Because the annuitants have lower life expectancies , their annuities are able to pay them more each month , as it is anticipated that the monthly payments will not reasonably last as long as for those in good health . "}
{"input": "Does Health Insurance Cover Flu Shots? ", "output": "The Affordable Care Act -LRB- Obamacare -RRB- mandated many preventive benefits for adults and children , including flu shots . Typically , any deductible , copay or coinsurance is waived for qualified preventive benefits . This would apply to both individual and group medical plans . Before getting the shot , however , it is wise to quickly consult your agent/broker to verify your benefits for the specific shot you are receiving . If you do not currently have health insurance , you can easily and quickly purchase a plan from an experienced broker or a reputable health insurance website that offers free online quotes with no obligation . Exchange plans will not require any medical questions to be answered . "}
{"input": "Does Health Insurance Cover Flu Shots? ", "output": "Most health insurance plans will cover preventive care , including flu shots . Some plans will have restrictions on immunizations and will only cover these shots if you are under age 6 . Optional immunizations for older children and adults may not be covered by your plan . Many plans will cover flu shots if you are in a high risk group . High risk individuals include children , elderly and those with compromised immune systems . "}
{"input": "Is Renters Insurance Legally Required? ", "output": "Under an individual lease or rental agreement it could be required by the landlord which would make it legally required . As of today and to the best of my knowledge there are not any state or federal regulations on the books or in the works that require a person to renters insurance . Always contact a local agent to find out more about the requirements within your geographic location . "}
{"input": "What Medicare Prescription Drug Plan Is Best? ", "output": "There is no universal `` best '' Part D prescription drug plan . You do want a plan though that `` best '' suits your needs and objectives . For instance , you want a plan that will provide coverage for prescription drugs that you are already taking , or might be expecting to take due to a condition you currently have . You can check this easily on the Medicare.gov website - Find health & drug plans , which will check a plan formulary -LRB- list of covered drugs -RRB- for you . You may also want a plan that uses a pharmacy network convenient for you , and a plan that optimally meets your budget and planned usage needs . While Medicare.gov provides the information and ability to enroll online , you may be better served to get assistance from a licensed insurance agent authorized to sell Part D plans . "}
{"input": "Does Home Insurance Cover Drainage? ", "output": "Home insurance covers damages . An all risk homeowners policy covers many perils , however it specifically excludes some . Among these exclusions in most policies is earth movement and intrusion of water from outside the residence . Homeowners insurance does not cover wear and tear to any component of the house , including the drainage . For example , if a drainage pipe were damaged in a fire , it would be covered . If the same pipe failed , it probably would not be covered . Incidentally the damage caused by the failed drainage pipe might be covered . "}
{"input": "Can A Child Get Life Insurance For A Parent? ", "output": "Can a child get life insurance for an adult ? It will depend on the age of the child as an insurance contract requirestheowner of the policy be of legal age . If younger than 18 or without court recognitionmaking the minor able to contract as an adult , it wouldnot be allowed . Of legal age and with the consent of the parent who will be the insured , not a problem . "}
{"input": "Can A Child Get Life Insurance For A Parent? ", "output": "Yes , a child can get life insurance for a parent . The parent must sign the application and do the exam , if an exam is required . If there is no exam required , the application process often involves a phone interview , and the parent must be able to answer the interview questions on their own . If you support your parent in any way , you can get a policy to help reimburse you after your parent passes . If you do not financially support your parent , you are still eligible to get your parent a small final expense policy . Contact an online final expense life insurance agency to get prices and types of policies available . It is a great thing you are doing ; all the best to you and your parent . "}
{"input": "Why Does Health Insurance Go Up? ", "output": "Health insurance premiums are driven by claims . When medical claims increase due to inflation and utilization premiums must also rise accordingly . Your health insurance premiums can not be adjusted simply because of your own claims but rather for claims of your assigned group . Under Obamacare health insurance premiums will rise dramatically due to the new mandated coverages . "}
{"input": "How Can I Save Money For Retirement? ", "output": "That is an excellent question ! There are several really good ways to start your retirement planning , and I will tell you that the sooner you start , the easier it is . If your employer offers a retirement plan where they will match your contribution , or match a percentage , do it ! They are giving you `` free '' money . If they offer an HSA -LRB- Health savings Account -RRB- , contribute to that also.By contributing regularly and often to these accounts , you will have a good start to having an affordable retirement . There are definitely other things that you could do , and it would require far more conversation and space than we have here . If you would like more information , feel free to contact me , ok ? Thanks for asking ! "}
{"input": "How Can I Save Money For Retirement? ", "output": "You can not save for retirement without shifting some of your current income into savings . Many equate retirement planning with stock picking . In reality it is all about asset shifting . Participate in your employer sponsored retirement program , if available . If there are any programs that match your contributions save the maximum amount that will be matched . Then start a maximum contribution IRA if you are less than 40 years old . If you are over 50 start a maximum contribution Roth IRA . Denying yourself a little now is much better than having to deny yourself much when you retire . "}
{"input": "How Can I Save Money For Retirement? ", "output": "The best way to start saving for retirement is to keep it simple . Self discipline is key to long term saving . Always strive to pay yourself first . Most people fail by paying bills and spending first , then try to save what is left at the end of the month . Most people have more month than money with this tactic . Take 10 % -20 % of your weekly pay and set it aside for retirement savings . You will be amazed at how fast it will multiple when you start the investing process . Good luck ! "}
{"input": "Should I Get Health Insurance Through Work? ", "output": "Most employers that offer health insurance are offering a group plan . There are rarely any qualifications for the coverage . The premium may be subsidized by your employer but there is normally some savings in the fact that it is group coverage . Your employer will probably deduct the premiums from your paycheck which will reduce your withholding and FICA taxes . "}
{"input": "Does Medicare Part A Cover Prescription Drugs? ", "output": "No , Medicare Part A does not cover prescription drugs unless they are part of inpatient treatment in a hospital or skilled nursing care facility . A limited number of outpatient prescription drugs are covered by Medicare Part B , and most prescribed drugs are covered by Medicare Part D . A Medicare Advantage Plan -LRB- Part C -RRB- also includes prescription drug coverage . "}
{"input": "Does Estate Tax Apply To Life Insurance? ", "output": "Yes , estate tax does apply to life insurance . In 2012 , if the size of your estate -LRB- with life insurance proceeds included -RRB- exceeds $ 5,250,000 , estate tax would have to be paid on the excess at a top rate of 35 % . Some people take care of estate taxes by buying a life insurance policy to pay them . Some use an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- to own and be beneficiary of the policy . There is so much expertise needed in transactions like this that we hire a professional who understands both life insurance and tax strategies for large cases . Make sure you get the best advice possible to help preserve your hard earned estate . "}
{"input": "Does Estate Tax Apply To Life Insurance? ", "output": "That is a great question ! The answer lies in the size of the estate that you will leave behind . If you are leaving less than the 5.25 Million dollar threshold , then you do n't have to worry . I 'd suggest that you consult a good tax attorney , or estate planner , and have them help you set up a plan to avoid it in any event . There are several ways to do that , and those people can help . thank you for asking ! "}
{"input": "Does Estate Tax Apply To Life Insurance? ", "output": "The unified credit for married couple exceeds 10 million , so in theory an estate with less than 10 million including life insurance shouldnt pay federal estate taxes . There is still state exposure that could expose the death benefit proceeds to state tax since most states do not use the federal threshold in the unified credit . Consult your tax attorney before moving forward with any purchase or retitling of assets . "}
{"input": "Who Is The Insured In A Life Insurance Policy? ", "output": "The Insured in the life insurance policy is the person whose life is being insured . If the Insured person would pass away , the policy would pay the death benefit to the person or persons named as the beneficiary . The Insured will often own his/her own policy , but the Insured and Owner can be two different people . The Owner gets to choose the beneficiary and make changes to the policy . "}
{"input": "Why Is Renters Insurance So Important? ", "output": "Renters insurance will help protect you and your family from potential financial hardship due to a covered accident that you are deemed responsible for . Without renters insurance if a person visiting you is hurt while at your premise you may be responsible for their medical expenses and other costs . Renters insurance will typically provide personally liability coverage and personal property protection along with some loss of use coverage . Contact a local agent to discuss coverage availability and cost within your geographic location . "}
{"input": "What Is The Best Life Insurance Policy To Buy? ", "output": "The absolute best life insurance policy to buy is the one with the highest face amount at the lowest premium on the day you die . Unfortunately , none of us know what daythat will be . Therefore , contact a trusted life insurance broker to help you find the best product at the best price for YOUR unique situation . "}
{"input": "What Is The Best Life Insurance Policy To Buy? ", "output": "Tough question , because , believe it or not , life insurance is used for a variety of reasons . There are a variety of types and features of insurance policies because everyone 's situation is different . Consider this analogy . If you walk into a local Home Depot and ask the clerk up front what the best tool to buy is , he wo n't be able to give you a specific answer until he asks you a few more questions , like `` What are you trying to build/fix ? '' `` How big is the project ? '' `` What is your desired price range ? '' Life insurance is the same . Before we can direct you down which aisle to look or what tool to grab , we need to know what you are trying to accomplish . So finding a trusted professional in your local area is like finding that very helpful , knowledgeable clerk in the store who will help you confidently make your purchase ! "}
{"input": "What Is The Best Life Insurance Policy To Buy? ", "output": "There is no one best life insurance for everyone . Different products are created for different needs , and different companies design products for different types of clients . Even different financial professionals have different impressions about what type of life insurance to get , based on how they see it plugging into your overall portfolio . It sounds confusing , but when you have a conversation with a life insurance agent who is watching out for your best interests , what you need becomes clear . Sometimes your best policy is determined by the limited choices you may have due to your age or health . Sometimes your budget steers you to your best life insurance . This may sound like a vague answer , but that is only because life insurance is designed for different niches . Until I know your need , I can not know how to answer correctly . But once I do know that , you may find choices and prices you never thought possible . "}
{"input": "What Is The Best Life Insurance Policy To Buy? ", "output": "That is a great question , but a really hard one to answer . Without knowing what your specific goals for the policy are , -LRB- income replacement , cash value growth , debt coverage , a legacy to leave behind , or simply covering funeral expenses -RRB- it 's really difficult to give you a specific answer . I 'd tell you this - if you are looking for a policy that will cover your funeral expenses , leave something behind , or to draw money from , look for a whole life policy . If you are looking for short term coverage , say to cover college debt , buy a term life policy . If money is tight , and you are looking to cover expenses and hopefully leave some behind , get a mix of whole and term life policies , to fit your needs and budget . A good agent will walk you through this . If you need help , drop me a line , ok ? Thanks for asking ! "}
{"input": "What Is The Best Life Insurance Policy To Buy? ", "output": "What is the best life insurance policy to buy ? The one that fits your needs the best . The best policy is the one that works in your budget so you will continue to make payments and keep the policy in force . The problem for most people buying insurance is the storm of people telling them they 've made the wrong choice . The best policy for you is the one you keep in force and is there when you need it . "}
{"input": "What Is The Best Life Insurance Policy To Buy? ", "output": "The best life insurance policy to buy is the one that best serves the needs you want to have met in the event you passed away . It could be all term insurance , all permanent insurance , or a combination of the two . For example , if you have a mortgage you want paid off , you may want to purchase a term insurance policy with a face amount large enough to cover the remaining balance and long enough to cover it til it 's scheduled to be paid off . So if there 's 18 years left on the mortage , you would want to look at a 20-year term policy . If you 're buying insurance for estate planning purposes , you may want to consider permanent insurance to pay a claim at any point in time regardless of when death occurs . Many people often need a mix of the two . I would recommend consulting with an independent life insurance agent who can work with you on a personal level and help you determine what coverage is appropriate and suitable for your needs and budget and get it placed in force - there 's no cost to using an independent agent -LRB- they do not charge fees for their services -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your life insurance coverage needs , including quotes and life insurance needs analysis , and if you have any other questions . Thanks very much . "}
{"input": "What Is The Best Life Insurance Policy To Buy? ", "output": "There are a variety of life insurance policies that can fulfill indemnification , income and inheritance planning scenarios , but client suitability is the first order of business to establish the product fit for the consumer . You need to establish your personal profile , risk tolerance and economic goals . If your goals are to indemnify you beneficiaries from financial loss , is that exposure temporary or permanent . If your goal is tax advantaged retirement income , is your time line at least 15 years long ? If you define yourself on the basis of risk and reward , then the varying crediting methods need to match your risk tolerance : Par whole life and current assumption universal life use interest rates . Indexed universal life use both domestic and foreign indices . Variable universal life uses separate sub accounts with access to equities and bond instruments . "}
{"input": "What Is The Best Life Insurance Policy To Buy? ", "output": "Life insurance is all about mathematics . With hundreds of years experience and millions of lives the companies know pretty well how many people are going to die out of a certain age group within a 12 month period of time . This is the basis for all life insurance and every policy is an adjustment of this information . The fundamental thing that is being adjusted is the length of coverage and the guarantee that the premium will remain level . "}
{"input": "What Info Is Needed For Renters Insurance? ", "output": "There is an old expression regarding personal insurance : Whatever the coverage remember your really insuring people . The idea is that you can underwrite insurance including renters insurance from such items as amount of insurance , location , prior losses , amount of liability coverage and such , but behind every policy is a person . So , you can expect that most companies today use rating algorithms that include the items mentioned above as insurance score -LRB- a variation of credit scores -RRB- , your age , whether you have vicious dogs , occupation and whether the property will be occupied by you during the day etc. . Typically , it is an inexpensive policy and as such there really is not a lot of money in the commission nor expense factor of the company . What that means is that it is underwritten by class and one policy is not much different than the other . My recommendation to you is to start with your auto insurer . I frequently find the pricing of renters policy nearly all offset by the savings you get from having both with the same company . To give you an example here in the Atlanta area a 25,000 contents renters policy might be $ 150 per year , while the amount of credit for having it with the same company on your auto policy might be as much as $ 125 . "}
{"input": "Can I Put My Elderly Parent On My Health Insurance? ", "output": "No . An elderly parent should be qualified for Medicare . With the affordable options available with Medicare Advantage it really does not make sense to put an older person on your health insurance . Even if you could the premium would be totally unaffordable for most people . A Medicare Advantage plan in most area 's will offer more extensive coverage at a fraction of the cost . "}
{"input": "Do Fixed Annuities Have A Death Benefit? ", "output": "All annuities can designate a beneficiary . Once an annuity starts paying a lifetime income , the option selected will determine if there is any death benefit payable . The basic option is a lifetime income and while this benefit will pay until the annuitant dies , there isnt any benefit for a beneficiary . However , there are options for having the benefit cover the lives of two individuals , or last a specific period of time . These would result in either a continuation of benefits for the beneficiary . "}
{"input": "Will Renters Insurance Cover A Trampoline? ", "output": "Having a trampoline is a liability issue . Most property polices will exclude the use of a trampoline so if you are wanting to own a trampoline I highly suggest you search out an independent agent who can locate you an insurance carrier that would consider the use of a trampoline . "}
{"input": "Will Renters Insurance Cover Vandalism? ", "output": "Vandalism is a common covered peril listed in most property policies including Renters ' . It is always a good idea to discuss your policies terms and conditions with your Insurance Professional in order to better understand your particular coverage benefits and options . That is also a great opportunity to ask about any additional discount benefits available . "}
{"input": "Does Home Insurance Cover Injury? ", "output": "If a homeowner is liable to an injury of another party then under the personal liability section of your homeowners policy there would becoverage Any potential injury needs to be discussed with your agent andinsurancecompany to determine if there iscoveragefor the injury you may have caused . "}
{"input": "How To Plan For Retirement In Your 20S? ", "output": "The day you start working is the day you pay yourself first . Paying yourself first is retirement planning . And what you save to day will determine how you live tomorrow . If your employer sponsors a defined -LRB- tax deductible -RRB- contribution plan like a 401 -LRB- k -RRB- with employer matching contributions , fund it to the match . Take the tax savings and fund a minimum death benefit life insurance - TAMRA compliant policy that has different crediting methods . You need to start thinking about retiring at age 70 , living to age 100 without Social Security . "}
{"input": "Can A Person With Lupus Get Life Insurance? ", "output": "There are two types of Lupus - systemic and non-systemic . Most insurance companies will decline systemic Lupus , but there are several that will accept people with non-systemic Lupus . Often , these plans may be graded , meaning you would n't get the full benefit immediately , but after a few years it would be full value . There are also guaranteed issue insurance plans that can provide some coverage . A licensed broker can help you find a plan that will be the best for your situation . "}
{"input": "Can A Person With Lupus Get Life Insurance? ", "output": "That is a great question . As the fine folks above me have said , your luck at finding a policy may depend upon your Lupus . I really think that finding an experienced independent agent can make the difference for you . An independent agent can shop several companies for you , and find a better fit . The problem for you will lie in the Guaranteed issue policies , if that is the route you end up having to take . Some can be pricey , and the trick is to find the shortest grade with the highest possible return for you during it . If you would like some more help , please contact me , and I 'll make some time to go over this privately with you . Good luck , and thanks for asking ! "}
{"input": "Can A Person With Lupus Get Life Insurance? ", "output": "Yes . I have done it . It takes some diligence and finesse . The key is finding an underwriter with a very high comfort level with this condition . The fact of the matter is that different insurance companies have preferences for underwriting different kinds of risks . The distributor I use must have a very strong connections with companies that like to underwrite lupus . Once I have this leverage , I have to make sure that all the quote data I collect is thorough and accurate . If the client is willing to work with me , and go through full disclosure , and cooperate with obtaining medical records , then we can put together a very strong case that you are not only eligible for coverage , but that underwriting guidelines could and should be applied aggressively . "}
{"input": "Can A Person With Lupus Get Life Insurance? ", "output": "Life insurance is based upon the law of large numbers . Hundreds of thousands of people have died with Lupus . From that experience companies can evaluate the effect that Lupus has on individuals . The medical information available to an underwriter will help them categorize the extent of the risk . The company actuary will have determined the statistical risk . In combination a premium can be developed for all but the most extreme risks . "}
{"input": "Can A Person With Lupus Get Life Insurance? ", "output": "An individual with systemic lupus -LRB- SLE -RRB- that has been in remission for an extended period of time can possibly get a table rated policy , depending on their full medical history . This would be a medically underwritten policy , and not graded -LRB- rather , it would pay 100 % of the death benefit from day one for death by any reason except suicide in the first two years -RRB- . If a medically underwritten policy is unavailable , they can get simplified or guaranteed issue life insurance , which would probably be graded in the first few years of the policy . The less common types of lupus -LRB- discoid , drug-induced , and neonatal lupus -RRB- are generally less serious , and can have normal life insurance ratings . "}
{"input": "Is Life Insurance Ever Deductible? ", "output": "Yes , in addition , certain charitable giving situations allow for a tax deduction of the premium paid on the policy as a charitable deduction . For example , you may wish to endow your church for $ 50,000 upon your death . You would make the Church 's 501 -LRB- c -RRB- 3 Charity , the Irrevocable Beneficiary and Owner of your policy and you would be the insured and Payor of the plan . Since you have no interest in the cash value or benefit your premium payments would be considered deductible under the Charitable Giving Deduction on your returns . As always , Insurance agents do not give tax or legal advice , always verify suggestions or comments with your Tax Adviser , CPA or Attorney . "}
{"input": "Is Life Insurance Ever Deductible? ", "output": "No , a personal income tax deduction is not allowed where the taxpayer is the policy owner or beneficiary . A business can not do so either where the business is owner and beneficiary . Business owners who wish to obtain a deduction for their business while obtaining life insurance often do so indirectly through other arrangements that use life insurance such as bonus plans , pension plans or group term life plans . In limited circumstances , one may be able to take a charitable deduction for premium paid on a life policy where the charity is the owner and beneficiary . This is for general planning information only - consult with a tax adviser for tax advice for your situation . "}
{"input": "Is Life Insurance Ever Deductible? ", "output": "Yes . Certain qualified plans , with their inherentdeductability can use whole life insurance and universal life insurance . Doing so will subject the participant to the economic benefit tax , but it may be financially viable . There are specific plans such as 412i and 419af6 death benefit only plans that have taxdeductabilityand can include life insurance . "}
{"input": "How To Get Medicare At Age 62? ", "output": "You can indeed qualify for Medicare at age 62 ... as long as you are totally and permanently disabled under Social Security rules . If you have been disabled and on SSDI for 2 years you qualify for Medicare . If you have ESRD or ALS you can also qualify for SSDI and Medicare at age 62 "}
{"input": "Is It Ethical To Force People To Have Health Insurance? ", "output": "Ethics is a big debate on many laws not just health insurance . Unfortunately like so many laws ethics can vary since so many people these days have a different code of ethics . With that being said the law is you must have health insurance or be penalized for not having the coverage . "}
{"input": "Is It Ethical To Force People To Have Health Insurance? ", "output": "You ask a philosophical question in a practical environment . My personal opinion is that it is not ethical to force a person to purchase any product or service . The counterpart to that though is that it is not ethical for someone to expect others to pay their health care expenses . In a perfect world everyone would act responsibly , a part of which is managing life 's risks , one of which is your health care needs , both present and future . As experience has shown us , not everyone acts responsibly and every individual has their own idea on what an acceptable level of risk is for them . A health insurance plan with a $ 10,000 deductible would be of no concern to Bill Gates or Donald Trump , that same degree of financial exposure would be a financial catastrophe for a minimum wage worker . Other people are philosophically opposed to the concept of health insurance and others just do n't have enough regard for their fellow citizens that they feel any guilt about passing their burdens off onto their neighbors . Our society is struggling with this issue and will be for years to come . What you must come to grips with is that as of 2014 you now are in a legalenvironment which does essentially require that you have health insurance . Fortunately , at this time , it is not a criminal offense to not have health insurance and you are only subject to a mild -LRB- but growing over time -RRB- penalty for being uninsured . "}
{"input": "How Do I Know How Much Renters Insurance I Need? ", "output": "Renters Insurance typically provides coverage for personal property/contents and for liability -LRB- including medical payments -RRB- . The higher the liability and medical payments coverage limits you choose , the better . These days lawsuits are all too common and having high liability limits will help protect you . As far as contents/personal property coverage goes ; all of your , `` stuff , '' has value . Add up what you think it is all worth and that amount should be your limit . Let 's say you rent an apartment , imagine flipping the building upside down and shaking it.Everything that falls out of your apartment is what you should assign a value to.This can be an estimate , you do n't need to go overboard searching through receipts . Typical renters policies I issuecontain $ 15,000-30 ,000 of contents/personal property coverage.Of course the values vary drastically depending on if you are for example , a college student or a50 year old CEO who rents . "}
{"input": "What Is A Company Retirement Plan? ", "output": "A company retirement plan can be many things . It may be a matching 401K program or actually a defined benefit plan , which are not as common any more . An experienced full-time financial planner -LRB- NOT a part-timer , inexperienced broker or media personality -RRB- can easily review the best options with you . It 's worth contacting them for a free consultation . "}
{"input": "What does it mean when you have a insurance policy that says cash value 8000 and face value 16000? ", "output": "Generally , whole life and some universal life policies have a cash value as the policy ages . This is the amount of cash available for loan . If you look at a current illustration which can be obtained from the insurance company , you will see that the cash value and surrender value will be the same in later years . The face value is the death benefit which will be paid minus any borrowing of the cash value . If you do decide to borrow , make sure you understand how that will affect the policy and premiums in later years . "}
{"input": "What does it mean when you have a insurance policy that says cash value 8000 and face value 16000? ", "output": "The cash value is the amount of money available for you to borrow from . If you would terminate your policy , this would be approximately the amount of cash value you would receive , minus any surrender charges and fees . The face amount of $ 16,000 is the amount your beneficiary would receive if you would pass away . "}
{"input": "What does it mean when you have a insurance policy that says cash value 8000 and face value 16000? ", "output": "I just want to point out that it is the cash value that allows the company to pay the death benefit regardless of when it occurs . One way you can look at this is that the company has already accumulated half of the death benefit . They are willing to give you half of the death benefit now rather than wait and pay the death claim later . If there wasnt a cash value , there couldnt be a level death benefit for a level premium . "}
{"input": "What does it mean when you have a insurance policy that says cash value 8000 and face value 16000? ", "output": "The face amount of the policy is the monies to be paid out to the beneficiary in the event of the insured 's death during the life of the policy . The cash value inside of the policy is an amount available for the policyowner to borrow from . As per the question , the $ 16,000 is the amount that will be paid to the policy 's beneficiary upon the death of the insured . The $ 8,000 is the cash value - an amount that the policyowner can borrow from while the insured is living . The program at hand is a form of permanent coverage . Permanent life insurance programs have cash value building inside the policies - term insurance does not build cash value . There are two primary types of permanent coverage - universal and whole life . When the policyowner borrows from the cash value , he/she is creating a loan . But with any loan , there is an interest rate attached because you are expected to repay the loan back to the insurance company . If the insured dies with an outstanding loan against the policy , the death benefit paid out will then be the face amount less the outstanding loan value and any remaining interest attached to the loan . "}
{"input": "What does it mean when you have a insurance policy that says cash value 8000 and face value 16000? ", "output": "It sounds like you own a whole life or universal life policy , which can get confusing . The face value is the death benefit , in your case $ 160,000 . If you died , your beneficiary would receive $ 160,000 and no more . The $ 8,000 cash value melts to zero value in that case.The cash value isa kind of forced `` sideaccount `` within your life policy that is realized by you only if you surrender the policy or borrow against it , which can then reduce your death benefit by the amount of debt owed.If you need cash , you can borrow against the $ 8,000 and pay interest , but then any indebtedness would be deducted at time of death from the $ 160,000 . $ 160,000 seems like a very low amount of life insurance these days . Most experts recommend 10x your annual income assuming you have debts or people depending upon that income . For example , a healthy 40 year old can buy $ 500,000 worth of 20 year level term life insurance for less than $ 33 per month . "}
{"input": "What does it mean when you have a insurance policy that says cash value 8000 and face value 16000? ", "output": "Great question ! The `` face value '' is the amount that would be paid to the beneficiary , minus any loan amounts or unpaid premiums . The `` cash value '' is the amount that could be borrowed or received upon surrender of the policy . The cash value will usually be less than the face value of the policy until very long after you 've had it , in most cases.If you have more questions , please feel free to contact me . Thanks for asking ! "}
{"input": "How To Offer Health Insurance To Employees? ", "output": "Group health insurance quotes are based on the size of your business , the industrys SIC code , age of employees , and average employee health -LRB- except in Maryland , which requires no medical underwriting -RRB- . There are no instant online quotes for group health insurance for these reasons . You can secure the quotes and buy the plan through an independent agent . Given the complexities and the number of moving parts involved in group coverage , you want to work with someone who has a strong background in group coverage . "}
{"input": "Why Is Life Insurance Not Taxed? ", "output": "In general terms , the death benefit proceeds are paid to the beneficiaries of life insurance policy tax free . There may be some tax exposure in business and estate scenarios . But the government made a decision quite some time ago that life insurance presented a social good that warranted the tax preference . "}
{"input": "Why Is Life Insurance Not Taxed? ", "output": "As best as I can understand it , the core reason for not taxing life insurance is that the tax perks give people an extra reason to buy the product . Free money , has quite an appeal . With an income tax free benefit and the potential for tax-deferred cash growth and tax-free distributions , life insurance represents a lot of free money . It is very much in the government self-interest to have people purchase life insurance . Think about how high the demand for government benefits would be if families did not have private money to sustain themselves when a dear loved one was lost ? How about all the businesses that would fail with the subsequent increase in unemployment if businesses didnt sure against the loss of partners and key employees ? And dont forget all the charities that do tremendous political , spiritual , medical , and civic work for the nation . If you reduce the amount of life policies that are gifted to these groups , many would have a very hard time surviving . "}
{"input": "Why Is Life Insurance Not Taxed? ", "output": "When Congress created an income tax in 1913 , it exempted life insurance because life insurance was seen as a safety net for widows and orphans . Life insurance has expanded in its uses since then , from protecting businesses if a key employee dies , to being part of a financial plan for high wealth individuals . But at its core , life insurance protects people and businesses from financial loss as a result of death . And death is still one area that people hate to see exploited . "}
{"input": "Does The Irs Take Money From Life Insurance? ", "output": "In general , life insurance proceeds paid directly to your named beneficiary are not taxable nor are they attachable by creditors . Assuming your beneficiary invests the proceeds , then any interest or income that is drived from that investment will then , of course , be taxable and the responsibility of your beneficiary . "}
{"input": "Does The Irs Take Money From Life Insurance? ", "output": "In general life insurance proceeds are income tax free when left to a beneficiary . Avoid naming your estate as the beneficiary unless you have a trust in place.Life insurance proceedscan be taxed if left to an estate withouta trust . I highly recommend using an experienced agent or advisor to avoid costly mistakes to your beneficiaries in the future . "}
{"input": "Does The Irs Take Money From Life Insurance? ", "output": "Life insurance proceeds are income tax free meaning the IRS can not take money out of the death benefit paid out to the beneficiary . There are situations where the value of the death benefit can be included in the calculations of the estate for estate tax purposes . People generally use life insurance trusts when setting up the policy for estate planning purposes . "}
{"input": "How Can I Get Health Insurance? ", "output": "Since the open enrollment period has passed , I believe your only option would be short term health insurance , just to get you buy until the end of this year . The availability of short term health insurance will vary depending on what state you live in . Feel free to email me with your city , state , and zip code and I may be able to point you in the right direction . My email is WEBSITELINK "}
{"input": "What Company Has The Cheapest Homeowners Insurance? ", "output": "Cheapest Homeowners Insurance ? One must be cautious when proceeding ; the term may be frightening to many ! What will you be missing by finding the ` Cheapest Homeowners Insurance ' ? Will the carrier not include some necessary endorsements rendering the policy useless should you have a related claim ? If you are qualified to compare one policy with another , you may wish to contact 10 companies and obtain a quote . Insurance carriers file their rates based on prior experience specific to each zip code . It is impossible to say which carrier has the cheapest rates without having a specific zip code . If you do n't feel that you are qualified to compare policies , you should contact a qualified brokerage who will have access to multiple companies and will be able to give you exactly what you want . If you are truly looking for the ` cheapest premium ' , we recommend purchasing the best policy and then adjusting the deductible upwards to match the premium you wish to pay . This way , you 'll accept a little risk but be properly insured without taking any short cuts . For assistance in California , Arizona & Nevada ; you may click on : WEBSITELINK For other States , you should search for a brokerage house that does n't charge any fees and places you directly with major carriers ; this is the best way to get access to many companies and only speak with one individual . "}
{"input": "How To Save Money On Renters Insurance? ", "output": "The easiest way to save money on your insurance premium with lessening your coverage is to have all of your insurance policies with one carrier as most carriers provide a discount for having multiple policies with them . If this is not an option for you then there are only two other options . One is to lessen your coverage and the other is to shop around . "}
{"input": "When Can I Buy A Medicare Supplement Policy? ", "output": "Some companies will allow you to purchase a plan up to six months before turning 65 . You can purchase a Medicare Supplement any time during the year , as long as you can qualify health-wise , unless you are in a Medicare Advantage Plan . In that case it would be in your best interest to wait until the Open Enrollment period from October 15th thru December 7th . "}
{"input": "When Can I Buy A Medicare Supplement Policy? ", "output": "You have an automatic guaranteed right to purchase a Medicare supplement policy when you turn 65 or after you have been on Social Security disability income for 2 years . If you worked past 65 and were covered under an employer group health plan , you have an automatic right to purchase a supplement plan when your group coverage ends . "}
{"input": "Can I Switch Medigap Plans? ", "output": "You can switch 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- . AEP only applies to Medicare Advantage and Prescription Drug Plans . If you are not in your Open Enrollment Period or another Guaranteed Issue situation , you 'll have to medically qualify for a new Medigap Plan . This means you have to answer health questions on the insurance application and then get approved through the medical underwriting department . To see if you are still in Open Enrollment or any other Guaranteed Issue situation , it is best to contact Medicare or an independent agent specializing in Medicare Supplement insurance . If you have to qualify medically for a new Medigap Plan , an independent agent can review your health history and let you know which insurance companies you may qualify with . There are many reasons why you may want to switch Medigap plans -LRB- lower premium , more benefits , less benefits -RRB- . 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 . "}
{"input": "Can I Switch Medigap Plans? ", "output": "Yes . You can apply for a new Medigap plan at any point during the year . People often change their Medigap plans for a number of reasons , the most common being : You want to reduce your expenses by securing a lower premium from a policy with the same benefits -LRB- purchasing a Plan F with company B and dropping the existing Plan F with company A -RRB- . - this is the most common reason why people change their Medigap plans . Medigap plans are standardized so the coverage under a plan F is the same regardless of the company it 's through . So often people want to look at lowering their premiums when their policy gets hit with a rate increase . You may not need/want all of the benefits you 're paying for or you need/want more benefits than you have under your existing plan . Please note , if you do not have a guaranteed-issue right to purchase a Medigap plan without any medical underwriting , you would have to answer the health questions on the application . Medigap plans are guaranteed renewable . So in the event you could not medically qualify for coverage under a new Medigap plan , you always have the option of keeping what you have . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage , including quotes and plan comparisons , and if you have any other questions . Thanks very much . "}
{"input": "What Basics Do I Need To Know About Disability Insurance? ", "output": "The # 1 thing you need to know about disability insurance is that it is paycheck protection in times of prolonged sickness and injury . You need to select an elimination period . Most Americans have 90 days in cash reserves , so a 90 day elimination period is a consideration . When claims are filled and the elimination period satisfied , the benefits are paid tax free . "}
{"input": "Which Is Best Medigap Plan? ", "output": "The best Medigap plan is the one that meets your needs and budget . For some people , Medicare supplement plan F may be a good fit . Others may find that plan G works best for them or plan N. Compare plans and rates , consider your medical history and budget before enrolling . "}
{"input": "Is Critical Illness Insurance Worthwhile? ", "output": "Critical Illness policies can be looked at 2 different ways . One as long as you purchase a Critical Illness that covers 10 or more afflictions at a reasonable price that can not be cancelled before age 65 , that can be good . Second , its category of insurance sales is among the lowest . Even though 67 % of Americans will be diagnosed with a critical illness and survive it , very few own this type of policy . "}
{"input": "Is Critical Illness Insurance Worthwhile? ", "output": "If you are related to someone with a health history involving stroke , heart attack , cancer , Alzheimer 's , or other illnesses covered by a particular critical illness policy , the policy will be more worthwhile to you than to someone who is not related to someone with any of those maladies . That is because : 1 -RRB- you have seen firsthand how those illnesses can impact a family financially , and 2 -RRB- you may have a genetic predisposition to those health conditions . Critical illness insurance could be worthwhile for the peace of mind it gives you , as well as the increased chance of paying you a benefit when you need it most . "}
{"input": "Does Medicare Pay For Lucentis? ", "output": "To my knowledge , Lucentis is not yet on the approved list for Medicare prescription drug plans . It was not listed on the Medicare drug formulary finder which is a good indication is not covered . Lucentis is used to treat macular degeneration . In tests it has proven no more effective than Bevacizuman which is about $ 42 per dose vs $ 1600 for Lucentis . "}
{"input": "Is Xeloda Covered By Medicare? ", "output": "In this brochure , WEBSITELINK put out by Medicare in June of 2012 , the following information is noted : Oral Cancer Drugs : Medicare will help pay for some cancer drugs you take bymouth if the same drug is available in injectable form or is a prodrug . Capecitabine or Xeloda is included in this list . "}
{"input": "Will Poor People Have To Buy Health Insurance? ", "output": "The new health care legislation requires everyone to obtain health insurance , but not everyone will pay for health insurance . Starting in 2014 the Patient Protection and Affordable Care Act or Obamacare requires every American to have health care . You may not have to pay for health care in you economically demonstrate you can not pay by means testing . If you elect not to pay for health care , and by means testing can pay , youll be assessed a penalty at the time of filing your taxes . "}
{"input": "Does Medicare Cover Pulmonary Rehab? ", "output": "If you have a referral from your doctor , Medicare will cover a comprehensive pulmonary rehabilitation program for moderate to very severe chronic obstructive pulmonary disease -LRB- COPD -RRB- . The rehab may occur in a doctor 's office or a hospital outpatient setting that offers such programs . If you get the services in a doctor 's office you pay 20 % of the Medicare approved amount . If as a hospital outpatient , you pay a copay for each session . You also pay the Part B deductible . "}
{"input": "Can Auto Insurance Companies See My Driving Record? ", "output": "When you apply for auto insurance coverage with a carrier they pull your MVR record from your driver 's license information that you have provided . If the carrier is not able to secure your driving record information they may either decline providing coverage to you or possibly surcharge their base rates . "}
{"input": "Is Car Insurance Cheaper For Commute Or Pleasure? ", "output": "Depending on your carrier and your state laws but I have found that with some carriers the rate has no change . However as far as claims go With some carriers if you list it as commute only and then you are taking it for a pleasure drive and have an accident I have seen the carrier try to dispute the claim because it was listed as commute which means that was the only type of usethe auto was being used and then you used it for pleasure and they did n't want to play the claim because it was rated incorrectly . I would talk to you agent or carrier and ask them how they define commute . Most cases it is n't an issue but I would n't want to take the risk and have it rated commute when you using pleasure and have an issue when a claim arose "}
{"input": "Is Car Insurance Cheaper For Commute Or Pleasure? ", "output": "More commonly pleasure will get the lower rate but different insurance companies see this different ways according to the actuaries so with some pleasure is higher . There are other factors to take into consideration and that is how many people in the household . How many cars are there which also are rating factors . "}
{"input": "Is The Return Of Premium On Life Insurance Worth It? ", "output": "Return of premium life insurance has it 's place just like the other types of life insurance available out there . It does tend to be more pricey than other types of life insurance policy types out there . For a person that can afford to purchase a ROP policy in addition to a whole life policy could potentially benefit greatly from this type of policy . Contact a local agent to discuss the benefits and restrictions of the different types of life insurance policies out there . "}
{"input": "Is The Return Of Premium On Life Insurance Worth It? ", "output": "I will echo David 's comments too . ROP -LRB- Return of Premium -RRB- definitely has its place , but the cost is generally a bit more than other policies . Depending on the type of planning you are doing , there could potentially be different options to consider . If you 're looking at more involvedriders/policies , I would stretch past an insurance ` agent ' and find someone who is an actual advisor or planner . They typically have more dynamic resources to call upon to help give you a more customized answer . Great question ! Sheryl Brown / @AshBrokerage "}
{"input": "What Is A Good Life Insurance Company? ", "output": "A good life insurance company for you is the one that will give you the best rates . I mean , the bottom line is that you do not want to overpay for coverage , right ? Underwriting drives the purchase of life insurance . Which company will underwrite you most aggressively ? It has to be a company that has a sophisticated understanding of the risk you represent , and a comfort level with being aggressive in applying their underwriting guidelines . Lets suppose you unfortunately have diabetes . Your broker would have to find you a company that is very competitive in underwriting diabetics . The same applies for people who have hepatitis , and a cancer history , and heart disease , and who climb mountains , and who scuba dive , etc. . Companies vary widely in their willingness and capability for taking on different risks at a good price . And this can change over time . The company that was good for people who are overweight last year , may not be the best one this year . Not only that : even a company who is usually good for your underwriting risk , may not be the right company for you at this time . Like every other business , life insurance companies can have ebbs and flows in their level of service . They may be short-staffed . They may be experiencing a huge backlog of cases . There may be a merger or an acquisition in the wind which will affect their underwriting decisions . Then again , there could be factors that would work in your favor . A company may want to close out the year with an influx of good business , and make you an exceptional offer . Sometimes they make just want to make a business decision and take your case because they like it . If your broker prequalifies you properly , all these factors will be addressed . Youll be confident that youve chosen a good company . "}
{"input": "What Is A Good Life Insurance Company? ", "output": "A good life insurance company is one that will be there , and be able to pay your beneficiary , when you die . It is one that will use your premiums in a responsible fashion and , if you purchased Whole or Universal Life , generate as much cash value for you as possible . It will provide good customer service . This type of life insurance company usually has a high rating by one or more rating companies . Looking at those ratings and the accompanying financial data by AM Best , S&P , Moody 's and Fitch 's is the easiest way to determine a good life insurance company . "}
{"input": "Is Transamerica Life Insurance Good? ", "output": "Transamerica Life Insurance Company is highly rated and carries a variety of products . Transamerica America Family Markets offers a term life insurance product that provides living benefits , as well . To find competitive quotes for Transamerica and many other good life insurance companies , visit a website that provides instant life insurance quotes . That way you can compare prices all in one spot . "}
{"input": "How To Get Life Insurance Without A Medical Exam? ", "output": "To get life insurance without a medical exam , you first contact a life insurance agency that sells that type of policy . Then , depending on the policy , you fill out an application over the phone and sign it digitally , or on paper and fax or mail it to your agent . Some no exam policies will then require a phone interview . The person doing the interview will try to call you , and leave a number if they can not reach you , that you can call back at your convenience . Some no exam policies will order medical records from your doctor . Most often , that step is not required . When approved , most life insurance without a medical exam will draft your first premium and put it into effect as soon as it is approved . Some will let you pay the premium after you receive the policy in the mail . In addition to the above , there are some nonmedical life insurance policies that will do a phone interview with you and your agent to fill out the application and put the policy into effect all at the same time . "}
{"input": "How To Get Life Insurance Without A Medical Exam? ", "output": "The type of life insurance polices that do not require a medical exam are guaranteed issue life and simplified issue life . Guaranteed issue life are typically low face amount policies and most are graduated meaning the death benefit starts low and increases with time . A simplified issue policy usually requires a phone interview and still has medical questions . It just does not require a paramed exam for blood and urine . These policies typically issue faster than fully underwritten plans but are a bit more expensive due to increased risk from less information underwriting . "}
{"input": "Does My Auto Insurance Cover A Moving Truck? ", "output": "Great Qutestion . Generally personal car insurance does not cover a moving truck . Since a moving truck is consider a commercial vehicle . You can buy insurance from the moving company that rents you the truck . And always check with your current insurance compay for rules and regulation on that particular question . "}
{"input": "Is Long Term Healthcare Insurance Necessary? ", "output": "Any type of insurance involves risk , and a synonym for risk is `` chance '' . There is a chance that you may need long term care services someday . It could be because you had a surgery that requires extensive rehab , you were diagnosed with an illness that requires long term treatment , you got Alzheimer 's or dementia and could not be trusted alone , or you simply lost the strength to care for yourself . Whether or not you need to plan for that contingency probably depends on how drastically that would affect you . If you have very little income and assets , Medicaid will cover you when your assets have been spent down . If you have a very large amount of income and assets , you may be able to pay for the care yourself . It is those in the middle who have the most to consider . For some , long term healthcare will be necessary when they look at the big picture . For others , it wo n't . it is really impossible to answer that question for anyone else . "}
{"input": "Can I Borrow Against My Life Insurance? ", "output": "That is a great question ! If the following things are in place , then yes , you certainly can . - It must be a whole life policy . Term life policies have no cash value to borrow from , it 's part of the reason they are so cheap . - you must be the owner of the policy . - the policy must be in force for a few years . Typically , the first 2-3 years of your policy 's life the cash value is very small , as the premiums paid cover the cost of the insurance for the company . - the amount that you borrow falls within the limits set by the policy . Many companies will limit the amount that you can borrow , to limit the risk that the loan balance with interest does not allow the policy to go belly up . If you can meet all of these criteria , than chances are very good that you can have a tax free check in your hands in just a couple of days ! Thanks for asking ! "}
{"input": "Can I Borrow Against My Life Insurance? ", "output": "When taking money from a Life Insurance Policy you need to consider the impact on your policy when you take a withdrawal or a loan . Both are available within your policy providing you have the cash value available . A withdrawal is taking money out of the cash value , with no intention of putting it back into the policy . The death benefit will be reduced in most cases as well as the remaining cash value . As long as the withdrawal is less than the money you have paid into the policy , there should not be a taxable event . If you do exceed the money you have paid in , then you will have to pay taxes on the amount over . On the other hand , a loan is a great option especially if you want to pay back the money taken . Look at your policy to understand the loan provisions . There is a fixed rate and most likely a variable rate . Depending how the policy credits money , and what the expected future growth might be , will determine which loan option may work best . Sometimes clients will take a withdrawal up to the cost basis , the premium you have paid in , then switch to a loan to minimize any tax burden . Like mentioned on the other comments , if you have a loan and the policy lapses , you will a potential taxable event which at the end of the current tax year , you will get the appropriate statement/form from the insurance company . Please consult your agent/broker prior to making any decisions . "}
{"input": "Can I Borrow Against My Life Insurance? ", "output": "The short answer to the question is YES , and depending on the type of policy this is a very good practice . I like to refer to this strategy as '' Financing Yourself To Wealth '' . You may borrow from the cash value of your life insurance policy providing you have sufficient funds available in the cash accumulation account of your policy . TERM life policies do not have a cash accumulation account and will not work for borrowing against the cash that has built up in your account . To learn more about these strategies visit me at WEBSITELINK "}
{"input": "Can I Borrow Against My Life Insurance? ", "output": "There are two types of life insurance : - 1 - Term Insurance - these typically do n't have cash value -LRB- some may have a return of premium at the end of the term -RRB- . 2 - Permanent Insurance - these include whole life , universal life , indexed universal life & variable life . These will typically have some level of cash value associated with them . The policies with cash value typically do have a loan provision -LRB- check with your agent or policy language -RRB- . Those policies with this provision will usually allow to borrow up to 80 % of the cash value . Word of caution ... if you borrow and do n't pay back any monies , the remaining cash value will be used to keep the policy active . When that cash value is exhausted the policy would lapse or you may receive a bill for a large amount to keep the policy going . This could also create a tax event on the monies you originally borrowed . "}
{"input": "Can I Save Money On My Health Insurance Premiums In The Marketplace? ", "output": "That is an excellent question ! You may very well , and it certainly does n't hurt to look . There are a lot of things that will determine the cost of your plan , but the www.healthcare.gov -LRB- Affordable Care Act/Obamacare -RRB- site allows you to shop without obligation to compare plans and options , and it tells you if there are discounts available to you . As a nation , we have already saved on our insurance costs , as the annual price increases normally associated with health care policies have slowed from annual 10 % + increases to under 5 % the last couple of years , in most markets . The increase on average here in Houston this year was about 4 % . Happy shopping , and thanks for asking ! "}
{"input": "How Can I Lower My Auto Insurance Rates? ", "output": "There are a few different ways that you can lower your auto insurance rates . Possibility number one is lowering your coverage levels -LRB- not recommended as this can leave you exposed to greater liability -RRB- . Possibility number two if you have n't already done so combine your homeowners and auto coverage under one company -LRB- most offer multi-policy discounts -RRB- . Possibility number three is shopping around every company has it own levels of risk tolorence -LRB- if your confortable with your agent and the company that you are with already - it may be worth the extra cost for the peace of mind -RRB- . "}
{"input": "How Can I Lower My Auto Insurance Rates? ", "output": "If you are looking to lower your auto insurance rates , the first thing that I would suggest if you have a homeowners or renters policy and it is not with the same carrier as your auto insurance then you may want to purchase that coverage from your auto insurance carrier to be able to possibly get an additional discount for having multiple policies with the same carrier . You could also look into lowering your coverage amounts or raising your deductibles . "}
{"input": "How Can I Lower My Auto Insurance Rates? ", "output": "If you want to lower your insurance premium you could raise your deductibles for your comprehensive and collision coverages on your auto policy . Another way would be if you do not have your home owners and auto insurance coverage with the same carrier , you may be able to receive a discount on both policies if you swich both policies to the same carrier . "}
{"input": "How Can I Lower My Auto Insurance Rates? ", "output": "If you want to lower your auto insurance rates there are a few different things that you can do to achieve this . The first would be to raise your deductilbles if you have collision and other than collision -LRB- comprehensive -RRB- coverage on your vehicle . You could possibly lower your liability coverage amounts this could also lower your rates . Another way would be to have multiple policies with the same carrier . "}
{"input": "How Can I Lower My Auto Insurance Rates? ", "output": "There are short term ways or quick ways to lower your rates such as packaging a home or renters insurance policy with your auto insurance if your company has both . Rates these days are really driven by the company base rates and you individually . Some of the factors that will effect your rates is credit , your driving history , the length of time you have been insured , zip codes , age , marital status and your claim history . Many companies have rates in `` a black box '' so other factors at times are hard for agents to explain . If you have not done so I recommend contacting an independent agent so they can shop for you different companies and find which one fits best for you on both coverage and price . Good Luck "}
{"input": "Does Auto Insurance Follow The Vehicle Or The Driver? ", "output": "In general auto insurance follows the vehicle . For example if Bob loans his car to James and James has an accident with it , Bob 's insurance will be the primary insurance responding to the accident . If for for some reason Bob 's insurance turned was invalid or the damages were so large that his insurance was exhausted then James ' insurance would respond as a secondary coverage . "}
{"input": "Does Auto Insurance Follow The Vehicle Or The Driver? ", "output": "Automobile insurance follows the car in California . The car is rated on a number of factors but primary information is the household connected to the automobile . All the drivers in the household are covered by the policy unless excluded . Recently there was quite an expensive crash involving an excluded driver who resided in the household where the car was rated . This creates enormous difficulties for everyone . "}
{"input": "How Much Is Aflac Health Insurance? ", "output": "AFLAC is not traditional health insurance . They sell supplemtary insurance policies that cover specific events or conditions . Some of their policies cover accidents , critical illness , cancer and hospital confinement . The policies ususally run in the neighborhood of $ 20 to $ 40 dollars a month . As an illustration , the cancer policy provides a fixed dollar benefit if you are diagnosed with cancer such as $ 5,000 . If you have chemo you can a fixed dollar amount for eacy chemo treatmentlet 's say $ 350 . All AFLAC insurance policies pay you directly and not medical providers . "}
{"input": "How Does Auto Gap Insurance Work? ", "output": "Auto gap insurance is designed to reimburse you for the difference in the current value of the car and what you owe on the car , in the event there is a total loss . Since a car rapidly depreciates after you make the purchase , it is very possible -LRB- especially with little or no down-payment or trade-in -RRB- , that you will have this `` gap . '' Typically , the cost is not very expensive , and it can be taken out at the time you purchase the vehicle . You can also purchase a gap policy to cover your deductible , which will reduce your out-of-pocket costs . As an experienced car insurance broker , this coverage is often discussed with our customers . You can often buy coverage from your broker , lending institution or dealership . "}
{"input": "How Does Auto Gap Insurance Work? ", "output": "James is right on . This is typically going to be upsold heavily at the auto dealership . If it is not required by the financing company and you are interested in coverage you will often be better served to shop around rather than going with the policy the dealership offers you . "}
{"input": "How Does Auto Gap Insurance Work? ", "output": "Auto insurance Gap coverage is a physical damage coverage that pays the difference between the loan balance and the actual cash value of the vehicle If it is totaled . This coverage is usually purchased on leased vehicles , but can be purchased on conventionally financed vehicles also . Contact an agent before you purchase the car and coverage to have an idea what the coverage will cost . With that information you can compare at the dealership to decide if want it and if you can get a better price with your agent or the dealership . "}
{"input": "What Is The Cheapest Website For Car Insurance? ", "output": "The cheapest website for car insurance ? As an experienced car broker -LRB- 33 years -RRB- , naturally , I am biased to my own top-rated website . However , in fairness , there are many reputable and reliable websites that offer competitive prices . However , it 's important to utilize a resource that constantly updates information and provided accurate rates . "}
{"input": "Does Accidental Life Insurance Cover Heart Attack? ", "output": "Does accidental life insurance cover a heart attack ? No , as a heart attack is actually a medical event , not an accident , even if it happens without warning . Accidental life policies tend to be cheap because they are known as situational plans . That is , a certain situation has to happen a certain way creating the death for the plan to pay . "}
{"input": "Does Accidental Life Insurance Cover Heart Attack? ", "output": "No , accidental life insurance does not cover heart attack . It would most likely not even cover death due to an accident incurred while having a heart attack . If you have a pre-existing condition such as heart disease , it is important to get a policy that covers death due to illness as well as death by accident , which is what pure Life Insurance covers . Even if you can get $ 500,000 of accidental death coverage for the same price as $ 25,000 of life insurance , the life insurance is the better deal . "}
{"input": "Who Regulates Health Insurance In California? ", "output": "The California Department of Insurance -LRB- aka the California Insurance Commissioner 's Office -RRB- . If you are having problems with an insurer you can contact the department at 800-927-4357 if you are within the state of California or 213-897-8921 if you are outside of the state of California . You can also use their contact form , which can be found here : WEBSITELINK "}
{"input": "How Long Does A Ticket Stay On Your Driving Record For Insurance Companies To See? ", "output": "Minor traffic tickets usually just stay on your driving record for three years . More serious traffic violations can stay on your driving record for insurance companies to see for 10 years or more , even a lifetime . However , life insurance companies do not consider traffic tickets or violations that occurred before a certain amount of time . You should be able to get a Preferred rate now . "}
{"input": "At What Age Do I Apply For Medicare? ", "output": "If you are someone who has paid into Medicare for at least 10 years , or were a stay at home spouse whose husband or wife is eligible for Medicare , you apply at age 65 . If you are already receiving Social Security benefits at age 65 , you will be automatically enrolled in Medicare at age 65 . "}
{"input": "Will Homeowners Insurance Cover Shingles Blown Off Roof? ", "output": "A roof has a shorter life span than the rest of the house . As a result many insurance companies do not provide replacement coverage for a roof . Instead they determine the life of the roof and repair the roof under the policy using the cash value of the roof . If a $ 15000 roof has $ 5000 of damage and is midway through its life , you could expect a settlement that would help repair your roof but would not replace the roof . "}
{"input": "Will Homeowners Insurance Cover Shingles Blown Off Roof? ", "output": "That is a great question ! Check with your agent to be certain , but you should be covered for the repairs . How bad was the damage ? If it 's just a few shingles , and the estimate is less than your deductible amount , you are wiser to not file a claim , as you 'd end up paying for it anyway , and you will spare yourself the chance of an increased premium as a result of the filed claim . You also may have problems because of the reason for the lost shingles . Hurricane damage , or tornado damage may not be covered with out a rider , where you live . Best bet ? Get a repair estimate , compare it to your deductible amount , and proceed from there . Good luck , and thanks for asking ! "}
{"input": "Will Homeowners Insurance Cover Shingles Blown Off Roof? ", "output": "It is always best to talk with your Insurance Professional about the terms and conditions of your policy , but generally speaking , wind damage is a covered peril in most Homeowners policies . Now , that having been said , in coastal areas , where states allow , insurance companies can apply coverage limitations or specific deductibles for damage caused by wind . "}
{"input": "Is Gerber Life Insurance A Good Deal? ", "output": "I find Gerber 's prices to be a good deal for children . Gerber also has a guaranteed issue policy that can come in handy for those who do not qualify for other policies . To compare rates of any of the Gerber plans or policies with other life insurance companies , you can go to a website that offers a variety of companies and input your state , date of birth , height , weight , tobacco status , and some medical information . While price is n't everything , it is nice to compare before making a decision . "}
{"input": "Is Gerber Life Insurance A Good Deal? ", "output": "It depends on what you call a good deal . If you are looking at starting a life insurance policy on your child to protect them incase of premature death or to guarantee options to buy more life insurance in the future , then Gerber is a nice policy . But with that being said I have to say that I strongly disagree with their latest run of TV commercials that promote buying their life insurance policy as a way to fund your child college . Again in my opinion when you look at the premium that you are paying , how long it will be paid and the cash value that is available when your child is ready to go to college , that statement borders on the line of lying . Funding college no , funding some college books is more like it . Everything really comes down to what are you buying the insurance policy for . "}
{"input": "Why Take Out Life Insurance On A Child? ", "output": "Taking out a life insurance policy on a child will provide a lower premium than what it will be when they are older and it provides insurability . Some policies after being issued willallow a child at different pre-assigned ages to increase the policy value without a medical exam and for only the cost of the premium for the extra coverage addedto the policy . "}
{"input": "Why Take Out Life Insurance On A Child? ", "output": "Losing a child myself , I HIGHLY recommend getting life insurance on your child . None of us wants to think of iosing a child , let alone plan on it but it definitely eliminates the financial burden if the unimaginable does happen . Life insurance is also so cheap for children and there are many different types you can get . The most common is a term policy which will last for a set number of years . 10 , 20 , 30 ... but then they expire and the cost of getting a whole life policy then is more expensive since the premiums go by age . I have a 20yr paid up policy on my children for $ 10k death benefit . I pay a very low amount for 20 years and they will have $ 10,000 coverage for the rest of their lives . The premium will never go up . Remember this , the best time to purchase life insurance is the younger and healthier you are ! "}
{"input": "Why Take Out Life Insurance On A Child? ", "output": "Taking out life insurance on a child can be a good idea if there are diseases that run in your family , such as type 1 diabetes . By getting life insurance while they are young and healthy , you will pay a low premium and also be assured that they will be able to have life insurance at an affordable price for the rest of their lives . This is even if you buy Term Insurance or put a Child Rider on your own policy , as both of those choices usually allow you to convert the policy to permanent insurance , later on . "}
{"input": "When To Sign Up For Medicare Part A? ", "output": "For most people , Medicare Part A will come automatically on the 1st day of the month you turn age 65 . However , it is a good idea to go to the Social Security website at SSA.gov / medicare / or visit your local Social Security office to make sure . You should contact them 3 months prior to turning 65 . You will also want to sign up for Part B at the same time . If you are still working and on a group plan , your company may still offer benefits and you could delay your Part B. Medicare Part A & B do not cover all your medical expenses . A lot of people get a Medicare Supplement plan to cover the difference . With the right Medicare Supplement plan you could have very little out of pocket expenses . A independent agent that specializes in Medicare can be a big help in finding that plan that will best suit your needs . "}
{"input": "Will Home Insurance Claim Increase My Premium? ", "output": "A claim against your homeowners policy could affect subsequent premiums . You might be getting a discount for having been loss-free which would not be available next term . If the loss met certain prescribed levels it would make your home a substandard risk and the premium might be increased to reflect the increased risk . Actions taken on rates normally affect a policy for three years . "}
{"input": "Can I Keep My Car Without Insurance? ", "output": "You can keep your car without insurance . However , you can not drive it , which takes a lot of the fun away from owing a vehicle ! If you do not plan on insuring it , take the licence plates off the vehicle , and either store the car away or keep it so it is very secure . You would not want any small children -LRB- or animals -RRB- wanderingaroundand entering it . "}
{"input": "Is It Worth Getting Critical Illness Insurance? ", "output": "If you have a critical illness in your future , and will have received a lump sum of money to get you through that process of treatment and -LRB- hopefully -RRB- recovery , you will have thought it is worth it . No one knows the future . To some , having the knowledge that such a benefit would be provided if they are diagnosed with a life threatening illness , is worth it . To others , that is not such a big deal . Whether it is worth getting critical illness insurance or not is really a person decision . That being said , there are many more survivors of critical illnesses now than in the past . So it is a risk worth considering . "}
{"input": "Is It Worth Getting Critical Illness Insurance? ", "output": "There are two schools of thought here : 1 -RRB- . Have a quality health insurance plan in force and a long-term disability income policy . 2 -RRB- . Purchase good health insurance and supplemental critical illness plan . Option 2 will always be the less expensive of the two as a long term Disability Income policy is very expensive in most cases . Either way you go , if you have a stand-alone critical illness plan , you 'll be happy you had it if you have a major illness . "}
{"input": "Is Vital Stim Covered By Medicare? ", "output": "Vitalstim is not covered by Medicare for the treatment of dyspahgia . They have explained that the treatment is experimental and has not proven to be effective in treating swallowing difficulty . Neuromuscular Electrical Stimulation -LRB- NMES -RRB- can be covered for non-neurological reasons for disuse atrophy and for walking in patients with spinal cord injury . "}
{"input": "Does Home Insurance Cover Locksmith? ", "output": "If you lost your keys , you 're probably out of luck since most insurers do n't pay for replacement keys in that situation . However , if your locks were damaged during a theft or break-in , or the keys were stolen , many homeowner 's policies will pay for their replacement . It 's possible a deductible may not apply since it clearly is in your and the insurance company 's best interest to replace your locks . An experienced broker will shed additional light and information on this topic . "}
{"input": "What exactly is flexible premium survivorship adjustable life insurance? ", "output": "This is more commonly known as a survivorship universal life -LRB- SUL -RRB- insurance policy - it 's different from an individual universal life insurance policy in that the policy insures the lives of two people -LRB- usually a husband and wife -RRB- . The policy proceeds are only paid out upon the death of the second insured . Many people use this type of policy for estate planning purposes . If your mother can not continue to make premium payments or does not want to , she can surrender the policy and take out the cash value -LRB- less any surrender charges , outstanding loans , or interest , if applicable -RRB- . There is also the option to let it run out on it 's own . When you no longer contribute premiums to the policy , it will steadily use up the cash value in the policy to continue the coverage until there is nothing left , at which the point the policy would `` crash '' on it 's own and no longer provide coverage . The third option is to change the structure of the policy . You may have the option to reduce the face amount of the policy -LRB- the death benefit -RRB- or reduce the length of coverage to lower the premiums to make the policy more affordable if cost is a concern . I would suggest your mother contact the agent on the policy and ask them to run midstreams to find out what the current values are on the policy , how long the coverage will go for on the guaranteed side and current assumption side of the program and what changes would it make to the policy given the above options . This will provide a good indication as to what course of action would be most appropriate . Guaranteed side means how long will the coverage be guaranteed for at the absolute minimum with a given program structure . Current assumption side means how long will the coverage go for given today 's values . "}
{"input": "What exactly is flexible premium survivorship adjustable life insurance? ", "output": "In addition to Jason 's excellent advice to meet with the selling agent to find out the detailed workings of the policy , another option is for your mother 's children to continue to pay the premiums assuming that they are listed as the beneficiaries . The policy might be an excellent buy and worth keeping until your mother passes . And if you ca n't afford to keep all of that policy in-force , reducing coverage or selling part of the policy to an investor for cash -LRB- called `` life settlement '' -RRB- is also a viable option worth looking into . Survivorship policies that are designed to pay only after the 2nd spouse has passed are usually sold in high amounts and thus are very expensive . You should definitely educate yourself on what your mother owns and come to know every option open to your family before letting that policy lapse . "}
{"input": "Where Do Annuities Invest? ", "output": "Life insurance companies primarily purchase investment grade government bonds , i.e. class I and II . Some companies use indices as their crediting method using indexed options . Other companies use separate sub account crediting methods linked to equity and bond instruments that are not part of the company 's general account . "}
{"input": "What Do I Need To Know About Buying Life Insurance? ", "output": "Some things to know about life insurance are : 1 -RRB- Life insurance prices depend on many factors . Even the amount you can get is dependent on your income and assets . It really helps to have a great agent to help you sort out the options . As someone who has sold thousands of policies over the last decade , I do n't know how people wade through all this information without help . Or why they would want to . 2 -RRB- It is important to look at guarantees . In this economy , my advice would be , wherever you can get a guarantee , take it . 3 -RRB- You have to keep an open mind . If you go in thinking you want a certain type of policy at a certain price , you may find that you do n't even qualify for that type of policy . Your beneficiaries may end up with nothing if you do n't keep an open mind . 4 -RRB- Life insurance pays . Life insurance companies are very secure and nearly all life insurance policies pay the death benefit . 5 -RRB- If you ca n't afford it , you wo n't keep it . If you wo n't keep it , your life insurance wo n't help anyone . So buy affordable life insurance that fits your budget . "}
{"input": "How Much Life Insurance Does A Single Person Need? ", "output": "Great question ! The answer depends on a number of factors . Does the single person have dependents ? What is the goal for the life insurance ? That may sound like a silly question , but Life Insurance can be a whole lot more than insurance against dying too soon . Whole Life insurance can provide a good source of tax-free retirement income . It can be used for college funding . It can be used as a personal bank / credit union where you can use tax-free money at very low interest to buy things . Talk with a knowledgeable Insurance Adviser who can help you determine the amount of insurance you need . "}
{"input": "How Much Life Insurance Does A Single Person Need? ", "output": "The need for life insurance is as unique as the person purchasing the life insurance . There are several life insurance calculators online to assist you . However , the basic rule of thumb is to carry enough life insurance to pay off all of your debt for your loved ones plus ten times your income so they can invest the proceeds and replace your income . "}
{"input": "How Much Life Insurance Does A Single Person Need? ", "output": "In order to determine how much life insurance coverage to get , single persons should start by thinking about what others would need to pay off for them . Life insurance is a fast and easy way to settle bills , and it is especially helpful for survivors to have these ready funds when there is not a spouse to take care of the estate . The bills might be credit card debt , a school loan , utilities until the home is sold , etc. . Next , how much do you want to leave for your funeral or memorial service ? You can pick out cemetery plot , casket , urn , and so many things ahead of time , then have life insurance to pay for it all . What is remaining after expenses can go to the beneficiary ; you do n't have to leave it all to the funeral home . Finally , do you want to leave any funds to special people in your life or to a charity ? Life insurance is a good way to make a small amount of money stretch into a big gift . You may have other things this prompted you to think of , that could be covered by a life insurance policy . But these three - debts , final expenses and gifts - are the main ones that I can see being well served by having a life insurance policy as a single person . "}
{"input": "Why Does Life Insurance Have Cash Value? ", "output": "Permanent life insurance has the potential to accumulate cash values based on the performance of the crediting method and policy expenses . With few exceptions , most permanent guaranteed universal life insurance can be used as a supplemental retirement income plan ; if the policy is designed to minimize the cost of insurance ad comply with TAMRA . Generally , the policy expenses are deducted from the premium . Whatever is left of the premium is invested in the crediting method : interest rates or indices . Separate sub account performance may credit earnings or debit losses . "}
{"input": "Why Does Life Insurance Have Cash Value? ", "output": "David has given you a fine explanation of the mechanics of cash accumulation inside life insurance . I will address an additional point . One big reason for why life insurance has cash value is because that cash makes more people want to buy the product . When you think about it , life insurance really is not for the insured - it is for the beneficiaries of the insured . These include their families , their businesses , and their favorite charities . For many people , it is considered a necessary evil . They certainly want to do right by all these folks they support , but really - who wants to buy something that pays off when you die ? I think that from a marketing point of view , cash value sweetens the pot . It makes the product much more appealing . Now people can have their cake and eat it too . They can purchase a policy with a survivor benefit for their heirs . That policy can also have a cash account that is available to them while they are alive . They can use the money to supplement retirement ; buy a house ; fund a business ; and for emergencies Not only that : the cash receives very favorable tax treatment . You might ask , why does the government give such favorable tax treatment to life insurance ? One big reason is that there is no way on earth that federal and state governments could take care of all the people that benefit from life insurance . It simply could not collect enough money to pay all the windows , widowers , children , businesses , and charities for whom people buy policies . It is entirely in the governments interest for people to buy tons and tons of life insurance . And over time , people have . The life insurance industry has poured trillions of dollars into the economy so that people can remain self-reliant - and off of government subsidies . The side benefit of a cash account helps make that happen . "}
{"input": "What Is Sewer Backup Coverage On Homeowners Insurance? ", "output": "Sewer Backup Coverage is an essential coverage on Homeowners Insurance policies . On standard Homeowners Insurance policies , the coverage usually can be purchased as an optional endorsement ; in many cases , the carriers will offer $ 5,000 or $ 10,000 per incident for a premium of $ 20 - $ 75 per year . On High Value Homeowners policies , the coverage may be included in the policy form and in some cases offer coverage at the same limit as other perils covered under Coverage A - Dwelling . Sewer/Drain backup coverage will provide coverage should your drains become blocked and the water backs up causing water damage to your home . It is always important for a homeowner to check the drains annually and make sure that the water runs quickly through the drainage system without any obstacles ; there are liquids available for purchase at hardware stores that advertisethe clearing of drains but it may be more prudent to contact a plumbing professional for the best advice ! You may contact your insurance carrier to add this valuable coverage to your current policy or you may obtain a quote with the coverage included . For quotes in Arizona , California & Nevada , you may follow the link : WEBSITELINK "}
{"input": "What Insurance Companies Offer Short Term Disability Insurance? ", "output": "The insurance companies that offer individual short term disability policies are Mutual of Omaha and Assurity Life , according to a Disability Insurance broker that we use for our DI requests . There are many more companies that offer individual long term disability policies than there are that offer short term disability . "}
{"input": "When Is It Too Late To Get Long Term Care Insurance? ", "output": "Its too late to get long term care insurance once you 've registered in a nursing home care facility . Its too late to get long term care insurance once you 've had a major medical event that has health or lifestyle impact that causes you to be uninsurable . Its too late to get long term care insurance past a certain age because the cost is prohibitive . "}
{"input": "When Is It Too Late To Get Long Term Care Insurance? ", "output": "Some long term care insurance carriers will issue policies to individuals almost without regard to age ... as long as you are healthy enough to qualify with medical underwriting . Carriers will evaluate your current physical and mental health as well as your family history in determining if you meet their criteria for issuing a policy . "}
{"input": "How Are Fixed Annuities Taxed? ", "output": "Non-qualified tax deferred annuity distributions are taxed as ordinary income at the annuity owners effective tax bracket rate . The annuity basis , or original contributions are distributed tax free . "}
{"input": "Which States Have The Lowest Auto Insurance? ", "output": "On average the lowest premiums are found in New Hampshire , Ohio , North Carolina , Iowa and Maine . The average annual premium is right around $ 1000 . Of course rates are going to vary depending on the characteristics of the individual driver and the vehicle which is being insured . The most expensive state is Louisiana with average rates around $ 2600 . "}
{"input": "How Much Is Car Insurance For New Drivers In Arizona? ", "output": "Great Question . A new driver in Arizona can expect to pay around $ 60 - $ 200 a month depends on factors . Type of car the age of the new driver If they are a student for not the are they live in if they are single or married and finally the type of coverage they required or need . "}
{"input": "Will Medicare Pay For A Quad Cane? ", "output": "Yes , Medicare will pay for a quad cane if it is prescribed by a doctor as medically necessary for support in walking . An exception might be if you were using a walker and went `` backwards '' to using a cane . Medicare will not pay for a downgrade like that , but would pay for an upgrade -LRB- e.g. single point cane upgrade to quad cane -RRB- . "}
{"input": "Can You Get Insurance On A Car You Don't Own? ", "output": "The short answer is yes . Insurance typically follows the person not the vehicle . There are many situations in which you may have access to a vehicle that you do not own . You still need to protect yourself financially by have insurance coverage when you drive the vehicle . Contact your local agent to find out about coverages and costs for the policies available within your geographic area . "}
{"input": "How Much Life Insurance Should My Husband Have? ", "output": "You know , there really is a right way to answer this question . I think the right way is to do whats best for you as the beneficiary . Life insurance is , after all , a care package from the insured to his loved one . It is a way of saying , I love you , and I take care of you now . Im going to make sure that an insurance company takes care of you later . This means that the golden rule is this : the quality of life you have now , is the quality of life you should have if you suffer the tragic loss of your spouse . If you are not making do with less now , you should not have to make do with less later . The money you need to pay your monthly bills now , is the amount of money you should have to pay your monthly bills later . The larger question is : for how long do you need this benefit to last ? For how long do you want to live off the insurance money ? There are a number of factors involved in that decision . First , and most important , is buying yourself the time needed to grieve and move on . Think about it . You have dedicated yourself to a life with someone . Now he is not there . And will not return . How long will it tell you to get back on your own two feet and renew your life ? Two years ? Five years ? Longer ? Then , what about your kids ? Theyve already lost one of their parents . Forever . They will need you more than ever . They will need you to spend as much time with them as possible . Can you afford to do this ? Life insurance can make sure the answer is yes . "}
{"input": "How Much Life Insurance Should My Husband Have? ", "output": "Your husband should have enough coverage to provide security for yourself and any other family members . Of course , you must take into account his health at the time you buy coverage , other policies -LRB- and are they term or permanent -RRB- and your budget . It is best to meet with a full-time broker or full-time financial planner to discuss specifics and the direction you should take . Simple mathematical formulas are not the answer . "}
{"input": "What Would Happen If There Was No Medicare? ", "output": "That 's a great question ! Also not one easily answered ... On one hand if there were no programs , we 'd have a significantly smaller Government budget , and a whole lot less debt and worry about that future debt . There would be a more open market for health services , and a greater dependency upon the honesty of the provider when they tell you they love you more than their profits . The other side of the story ? As there are approximately 10,000 people turning 65 everyday , most with little or no retirement plans other than social security -LRB- which puts them well below poverty level in most cases -RRB- and no provision for protection from the increasing costs of long term care , we would probably find that the mortality rate among the +65 set would dramatically rise , and life expectancy lower , as a result of them not being able to afford the medical services that would be otherwise available . What makes your question really interesting is its natural follow up - `` what do we do to fix the system so the most people can benefit ? '' That 's the real question ! Thanks for asking ! "}
{"input": "What Would Happen If There Was No Medicare? ", "output": "If Medicare did n't exist , health insurance care for seniors would be covered in the same marketplace as the under 65 persons - in short , the private sector . However , the premiums would be substantially higher than what they pay today for Original Medicare and any supplemental coverage programs , including prescriptions -LRB- a big expense -RRB- . During your working life , you 're paying FICA taxes - after you 've hit the 40 quarters mark -LRB- 10 working years -RRB- , your Part A coverage is premium-free . If you had to pay for it out of pocket , it would be $ 426 per month -LRB- in 2014 -RRB- . Your Part B coverage requires a premium -LRB- $ 104.90 per month in 2014 -RRB- and you would pay a premium for any supplemental coverage - supplement plans are provided by private insurance companies . The idea of paying taxes all these years for it is so that you 're slowly paying for it in advance so you 're not hit with a massive premium bill in the future that you may not have prepared for . In summary , a senior citizen could end up paying somewhere in the neighborhood of $ 800 + per month per person with everything factored in -LRB- probably higher -RRB- if Medicare did n't exist . As a current or future recipient of Medicare , I bet you 're glad it exists . In the future , however , programs and benefits may have to make changes given the baby boomer generation hitting the retirement ages and going on Medicare - the baby boomer is the largest generation and can create a situation where the funds going out to pay for Medicare are larger than the funds coming in through taxes . Only time will tell on this aspect though . If you have any questions about Medicare supplemental plans , send me a message by clicking on the `` contact me '' button or call me at 703-665-9133 . "}
{"input": "What Would Happen If There Was No Medicare? ", "output": "In an attempt to fairly answer a hypothetical question ... if there were no Medicare I believe we would be forced back to a private , capitalist healthcare system where Americans are n't required to have coverage subject to a penalty and the society -LRB- young & old -RRB- would have to get their own coverage . The downside is that Baby Boomers are maturing at such a rapid-pace , insurance companies could possible gouge the insured in the form of premiums out of greed . The upside is it would release an enormous -LRB- and almost unsustainable -RRB- financial burden on the American economy and government . The budget for Medicare alone in 2013 was ~ $ 585 bil . For more information on Medicare -LRB- or lack there-of -RRB- visit www.clminure.com or call 561-320-2978 "}
{"input": "How Much Does Life Insurance Cost? ", "output": "Video Transcript : Today 's question is , `` How much does life insurance cost ? '' Well , it depends on your gender , your age , your smoking habits , your medical background , your history . It also depends on the exam results that you 'll take when you go and apply for insurance . It also may depend on your vocation . Do you have hazards in your vocation ? And it also depends on , do you have recreational issues , like , are you a rock climber or a scuba diver ? It matters because those are higher risks . When you also ask about what does it cost , is it going to be temporary insurance , 5 , 10 , 15 , 20 years ? Or is it going to be permanent insurance going all the way out to age 100 , maybe even farther ? When you look at all these factors and accumulate them , they 'll come up with a number that will tell you , here is your price tag . "}
{"input": "What Is A Target Premium On A Universal Life Insurance Policy? ", "output": "When you buy universal life insurance , you have the choice to put in a higher premium than is required for your policy to last to a certain age . If you add more premium , your cash value may build more quickly , or your universal life policy may last more years . The target premium is usually the required premium for the policy to last a set number of years . "}
{"input": "What Is A Target Premium On A Universal Life Insurance Policy? ", "output": "The target premium of a life insurance policy is the portion of the premium that is the reference point for compensation and could also be the premium to endow , to mature and sometime might relate to the guideline annual premium . The target premium is used in a variety of applications . "}
{"input": "What Is A Target Premium On A Universal Life Insurance Policy? ", "output": "What is a target premium on a universal life insurance ? The target premium is the premium that will keep the policy in force to a given age at what is usually the current crediting rate . In other words if thing go unchanged of the life of the policy the target premium should hit the targeted goal duration wise . "}
{"input": "What Is A Money Purchase Retirement Plan? ", "output": "A money purchase plan is a form of qualified retirement plan that requires the employer to make contributions to the plan on an employees behalf . This required contribution is generally determined as a percentage of employee annual income and is the same for all eligible employees -LRB- i.e. employees that are part of the plan -RRB- . The alternative to this is a profit sharing plan , where funds can be distributed to a plan -LRB- if profits exist -RRB- and are distributed among employees . This contribution is not , however , required and can be done with more discretion based on employer business results . "}
{"input": "What Is The Purpose Of Life Insurance? ", "output": "The original purpose of Life Insurance - the reason it was created is to transfer the risk of a person dying too soon from that person and their loved ones to the insurance company . Generally if a person dies while still having debt or not having enough money to care for their heirs , that person has `` died too soon '' . In a lot of people 's opinions dying at any time is too soon ! But that 's a philosophical consideration . Over time Permanent Life Insurance has come to play an important part in the financial well-being of insureds while living . Term insurance on the other hand remains solely for the purpose of insuring against a person dying too soon . Peggy listed a number of uses for Permanent Life Insurance , and I would add that the cash value of whole life insurance is a terrific asset for use in personal banking applications . For more information see WEBSITELINK "}
{"input": "What Is The Purpose Of Life Insurance? ", "output": "This is an age old question . The purpose is the need you are needing to fill . Remember the death benefit is a tax-free benefit which provides the financial resources to provide for many needs . From the simple , protecting your family from lost income , preserving your way of life to protecting a company from the loss of a business owner or key employee . Peggy and Dave list out great reasons defining the purpose of Life Insurance . "}
{"input": "What Is The Purpose Of Life Insurance? ", "output": "Life insurance demonstrates that you love someone else . If your death is going to have an impact on someone you love , then life insurance can help -LRB- perhaps a great deal . -RRB- Sometimes life insurance is required to protect the interest of a lender or a contract holder -LRB- who you might not love . -RRB- In the end , though , most life insurance is purchased because people love each someone else . "}
{"input": "What Is The Purpose Of Life Insurance? ", "output": "If you fill out a life insurance application , it will ask that very question : `` What is the purpose for your life insurance policy ? '' That is because the purpose varies from person to person . Some purposes for which people buy life insurance are : 1 -RRB- To replace their income that would be lost upon their death . 2 -RRB- To hire others to replace their contributions to the family that would be lost upon their death -LRB- daycare , transportation , cleaning services , lawn services , etc -RRB- 3 -RRB- To give a business time and resources to replace an employee when a key employee dies . 4 -RRB- To pass their estate to their heirs in a tax friendly fashion . 5 -RRB- To pay taxes , administrative fees , and debts upon their death . 6 -RRB- To pay for chronic , critical or terminal illness expenses -LRB- when the policy has living benefits -RRB- 7 -RRB- To pay off mortgage , school loans , business loans , and other debts . 8 -RRB- To pay for all final expenses , including funeral , memorial service , burial , transportation , etc. 9 -RRB- To leave a gift to charity . 10 -RRB- To provide cash value for retirement . "}
{"input": "What Factors Affect Life Insurance Premiums? ", "output": "Life insurance premiums are affected by : age , gender , health class , amount of insurance , length of coverage , and riders . Health class is usually subdivided into smoker or nonsmoker and rating such as preferred plus , preferred , standard plus , and standard . Substandard is table 1 - 10 with 10 being the worse . The rating/health class is determined by build , family history and motor vehicle report . It is important to review your situation with a knowledgeable agent to make sure you apply with the best company for your unique circumstances . "}
{"input": "What Factors Affect Life Insurance Premiums? ", "output": "Some factors that can affect life insurance premiums are your health , age , tobacco , weight , family health history , foreign travel to unsafe countries , dangerous hobbies , substance abuse , serious and/or numerous driving violations , felony , and results of exam -LRB- if exam is required -RRB- . With most of these factors , not just your current situation is considered , but they also look back some years . Having any of these risk factors does not necessarily mean your rate will be affected . Using an agent who carries multiple companies can help place you with the policy that has the best rates your unique profile . "}
{"input": "What Factors Affect Life Insurance Premiums? ", "output": "The basic rate reflects your life expectancy . That rate describes a standard risk . Underwriters can modify the rate to reflect superior life expectancy down to inferior life expectancy . The next major consideration is how long the protection is going to last . The third consideration is how long are premiums to be paid . "}
{"input": "What Is A Key Employee For 401K? ", "output": "A key employee for a 401k generally refers to top heavy rules for a defined benefit plan . If greater than 60 % of the present value of the cumulative accrued benefits of plan assets come from `` key employees '' , the plan is considered to be top heavy . A key employee is an employee that at any time during the year was 1 -RRB- someone who owned more than 5 % , 2 -RRB- a more than 1 % owner who was paid $ 150,000 or more or 3 -RRB- an officer that was compensated at more than $ 170,000 for 2014 . The IRS has a long list of guidelines -LRB- IRS 4.72.5 -RRB- for top-heavy plans and it is best to consult with someone who specializes in this area . "}
{"input": "Is Pre Existing Condition Covered By The Health Insurance? ", "output": "Your pre-existing condition is not necessarily covered by you insurance plan . Although applicants can no longer be denied due to their medical history , many plans still have exclusions and limitations written into the policy . It 's vital to read through the summary of benefits and Coverage prior to enrolling in a policy to make sure it protects you and your conditions . Please click the `` Contact Me '' button on the left or run a personalized quote at : WEBSITELINK Also , feel free to call me anytime at : 561-320-2978 "}
{"input": "Is Pre Existing Condition Covered By The Health Insurance? ", "output": "Under the affordable care act , a health insurance company can not deny you coverage for any pre-existing medical condition or other related illness . So , in short , you can apply for any health insurance plan during the annual enrollment period or outside of it if you have a qualifying event -LRB- e.g. getting married , having a baby , coming off of group coverage , etc. -RRB- for a special enrollment period . How a plan covers your course -LRB- s -RRB- of treatment and prescriptions will vary . You should consult with an experienced health insurance broker and review your existing coverage to determine if there is a more suitable program for your specific needs . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "Is Pre Existing Condition Covered By The Health Insurance? ", "output": "That is a great question ! One of the best things about the Affordable Care Act -LRB- Obamacare -RRB- is that it banned health insurers from using the pre-existing condition exclusion any longer . It also removed the life time cap on payments that insurers had applied . While you can no longer be denied coverage , it is wise to shop your policy options , as not all policies will provide the same coverage and treatment plans . Once you have discussed with your care providers what to look for in your health plan , I recommend that next enrollment period you head to the healthcare.gov website , and shop for your policy there . Another great perk of the ACA is the subsidies that many people qualify for . Good luck , and thanks for asking ! "}
{"input": "What Is Variable Term Life Insurance? ", "output": "Variable term life insurance ? Never heard of that ! You may be thinking of a variable ` premium ' or `` flexible premium '' life insurance . . ? As Peggy mentioned above , variable products have cash value and term policies do not . The `` variable '' component in those products is the amount of interest earned , because they are tied to investments in the stock market . A flexible premium life insurance would be a Universal Life policy , which is actually similar to a term policy where the cost of insurance goes up and once that exceeds what is being paid in premiums the sach value is consumed until there is no more insurance . There is such a thing as `` indexed '' universal Life , which is tied to a stock index and therefore the interest paid into the cash value will vary depending on the performance of the index . "}
{"input": "What Is Variable Term Life Insurance? ", "output": "There is no such thing as variable term life insurance . Variable life insurance has a cash value component , which Term does not . Variable life insurance can use the stock market to grow -LRB- or lose -RRB- cash value . Since Term Life Insurance does not have a cash value , the word variable can not apply to it , at least in the traditional sense . "}
{"input": "Do You Need Health Insurance To Get An Abortion? ", "output": "This is an interesting question . There are so many often bitterly expressed opinions on whether there should even be abortions . The answer to your question is no , you do n't need it ; in fact , you 'd be hard pressed these days to find an insurer who would cover it . I know that if you are in a position to consider having one , that there is a lot of emotional stress and turmoil for you to bear . Please speak with your pastor , priest , counselor , the other parent , someone that you trust and really think through your options before acting . Your choice will affect more lives than just your own , and will for the rest of your lives . If I can help in any way , please feel free to contact me . Good luck , and thanks for asking . "}
{"input": "How Much Is Health Insurance In Retirement? ", "output": "Depends when you retire really because being in retirement has nothing to do with the prices . You 'd likely be looking at an individual health plan if you 're under age 65 so it will depend on your age , zip code , what health plan benefits you want , etc. . The premiums can be a as little as a couple hundred dollars per month or well over 500 per month . If you 're over 65 , you 're likely looking at Medicare coverage if you do n't qualify for any retiree programs from an employer . On Medicare , you 're looking at a couple of different options . If you want more comprehensive type coverage , you would want to buy a Medicare Supplement plan -LRB- also known as a Medigap plan -RRB- and pair it with a Part D prescription drug plan -LRB- if you want drug coverage -RRB- . If you want a Medicare type program that works similar to under age 65 individual health insurance works , then you may want to consider a Medicare Advantage plan . Medigap plans are standardized and do n't have annual enrollment periods to follow - Part D plans and Medicare Advantage plans do . The premiums for a Medigap plan depends on which one you want to get -LRB- there are 11 to choose from -RRB- , your age , zip code , and if you smoke or not . Medicare Advantage and Part D plans that are available depend on your zip code . You should consult with an independent insurance agent or broker who can discuss your specific insurance needs and preferences to determine which is the most suitable coverage for you . I hope the information is helpful - please feel free to contact me for help with your coverage or if you have any other questions . Thanks very much . "}
{"input": "What Is A Good Life Insurance Policy? ", "output": "First of all , it is one you can afford . One you will continue to pay and not allow to lapse . Any insurance is better than no insurance , so get something and get it now . The younger you are , the less it will cost . If you can get a permanent policy , that will lock in your price for the rest of your life , regardless of your health in the future . If you can not afford whole life now , then at least get term coverage right away . The better the reputation of the company the more reliable they are likely to be . Go with an old , large company . They are likely to still be around and offer you the variety you want at a fair price . Think about all your financial needs and your family 's . Then try to get a face value to protect all of that if you can afford it . Again , remember , something is better than nothing . Gary Lane 949\u00a0797\u00a02424 . New York Life Agent . "}
{"input": "What Is A Good Life Insurance Policy? ", "output": "A good life insurance policy is one that : > is with a reputable company -LRB- rated A or better by AM Best -RRB- , > has good guarantees -LRB- e.g. if term insurance , the premium is guaranteed not to go up for the entire term -RRB- , > is with an agency that provides good service -LRB- you have to ask about this ; sometimes it is easier to get a hold of online agents than local offices -RRB- , > fits your budget -LRB- you do n't want to have to drop your policy a year later because you ca n't afford it -RRB- , and > covers your needs -LRB- you do n't want to take out $ 10,000 in Whole Life if you want the life insurance to protect your mortgage -RRB- . That last point covers a lot of area , as there are different types of policies to fit many different purposes for life insurance . The best way to get a good life insurance policy is to contact a good life insurance agent who will guide you through the options and help you find the beset for your situation . "}
{"input": "Does Renters Insurance Cover Broken Car Window? ", "output": "An act of vandelism that occurs to a vehicle may be covered by the auto insurance policy that is held on the vehicle that was damaged if the policy includes comprehensive coverage less the deductible on the policy . Renters insurance is very much like homeowners insurance and will normally provide coverage for the insured personal property on the premise as its main function . Please read your policy completely to understand the coverage provided and any exclusions that it may contain . "}
{"input": "Why Did Employer Sponsored Health Insurance Began? ", "output": "That 's a great question ! There are two good reasons for an employer to offer coverage . The first reason for an employer to offer benefits was/is to draw an employee that may choose another employer . For example , if there are two widget factories in town , both paying the same wages , I can sweeten the deal for you by saying `` I 'll pay you the same as them , AND I 'll give you benefits ! '' Who would you choose ? Benefits are a way for the employer to entice and retain employees . The other reason is that if you have insurance , you can afford to go to the doctor and be treated . without the coverage , you miss work , or are forced to quit , impacting the companies profits by increasing turnover , training costs , and lost productivity.The employer also pays a portion of what the total cost of the coverage would have been , if you 'd have had to pay for it yourself . Hope that answers your question ! "}
{"input": "What To Look For In A Renters Insurance Policy? ", "output": "A renters policy is a package that usually contains personal property coverage and liability coverage . The most important thing to look for is the agent . Make sure the agent is someone that you trust . Make sure the agent provides all the information that you provide to the insurance company and that the policy is exactly what you ordered . Another important thing is limits . If the limits arent high enough to cover the potential loss , you might be very dissatisfied at the time of a claim . Dont skimp . Make sure you get enough coverage , particularly for liability . "}
{"input": "Does Dave Ramsey Recommend Disability Insurance? ", "output": "Yes , Dave Ramsey does recommend Disability Insurance . In fact he considers Long Term Disability Insurance a necessity for most full time workers . He recommends buying it through your work place if that is available . If not offered there , he says to try an association , and then buy privately if unable to get through an association . But buy it . "}
{"input": "Does Dave Ramsey Recommend Disability Insurance? ", "output": "Here is a commentary by Dave Ramsey about Disability Insurance from his website : WEBSITELINK That was from April of 2011 and I did not find anything newer , so you may need to contact him directly to get a current opinion . "}
{"input": "How To Deal With Auto Insurance Claim Adjusters? ", "output": "Although more information is needed to adequately address this very general question , a few points can be made . I am going to make the assumption that you are talking about physical damage to your vehicle , with no injury . If you are asking about dealing with the person who will physically inspect your vehicle , they or someone on their behalf should first contact you , to set up an inspection at your convenience . This is really an ` appraiser ' of the damages although they may also possess claim settlement authority to settle your claim on-site , in certain non-injury situations . If you are talking about a typical inside claim adjuster , expect a call from them , asking you to provide the details of the accident . After assessing the facts , the adjuster 's job is to make you whole for your loss , depending upon the liability circumstances involved . In both instances , you should expect to be treated with respect whether you are the policyholder or the person whose vehicle was damaged by another party . If you are not pleased with the process , tell the appraiser or adjuster so and then ask to speak to their superior . Hope this helps somewhat but a lot more information is needed to really help you . "}
{"input": "Does Homeowners Insurance Cover A Toilet Overflow? ", "output": "I would have to say that in most cases it would not . Depending on the circumstances that caused the overflow in first place will be a big part of the decision of whether or not a loss like this is covered . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Does Homeowners Insurance Cover A Toilet Overflow? ", "output": "While not intending to disagree with a colleague , it would be my opinion most homeowners insurance policies should cover a toilet overflow . The most common homeowners policy -LRB- HO-3 or its equivalent -RRB- should cover any accidental direct damage to the dwelling unless there is a specific exclusion or limitation . The accidental escape of water from a plumbing system is a fairly common `` covered '' peril . Granted if a sewer back up originates in a public sewer system or the damage is not sudden , you may have a coverage problem but a simple accidental overflow should not be excluded and therefore `` covered '' . However , I might not consider filing a claim unless the damage is significant.Insurers are quick to increase premiums or non-renew policies following claim activity . "}
{"input": "Can I Get Health Insurance If I Am Obese? ", "output": "Under the Affordable Care Act -LRB- ACA -RRB- anyone that applies for health insurance will be accepted regardless of medical conditions . Being obese is no longer an issue in purchasing health insurance . You can purchase health insurance during the annual open enrollment period that begins around November 1st for January 1 , 2015 effective dates . "}
{"input": "How Much Does Health Insurance Cost In Switzerland? ", "output": "Swiss resident are required to carrier health insurance , within three months of first moving to the country . Each resident pays an insurance premium for basic coverage that is equal to up to 8 % of their personal income . If the actual cost of coverage is higher , the Swiss government provides the insurance person a cash subsidy to pay any additional premium . "}
{"input": "Is Long Term Care Insurance Considered Income? ", "output": "Assuming that the phrase income is benefit payments from a long term care insurance -LRB- LTCi -RRB- policy or from a hybrid annuity-long term care insurance rider policy , the answer should be no . There is a question on hybrid life insurance , but generally payouts on the LTCi claim are not characterized as income . "}
{"input": "Does Pregnancy Affect Life Insurance Rates? ", "output": "Pregnancy can affect life insurance rates due to the applicant 's weight or if there are some complications such as gestational diabetes . If in the third trimester or if there are serious complications , the policy will usually be postponed until after the baby is born . Not all companies will issue a policy during pregnancy , but aside from those things , pregnancy does not affect rates with some companies . "}
{"input": "What Does A Life Insurance Examiner Do? ", "output": "Life insurance examiners -LRB- also called `` paramed '' examiners -RRB- conduct life insurance exams for paramedical companies , either as employees or independent contractors . Since many life insurance exams are done in the Insured person 's home , examiners must have transportation and a means of contacting the applicant to be sure the the appointment is set up and kept . Paramed examiners gather the health history from the applicant , perform phlebotomies , collect urine specimens , take vitals , administer EKG 's , and compile it all into a legible report to submit to the life insurance company in a timely manner . They must be courteous , confidential , reliable , and professional in manner . "}
{"input": "What Is Permanent Disability Insurance? ", "output": "Permanent Disability Insurance could be Long Term Disability Insurance that is set up with a benefit to age 65 . Therefore , if a permanent disability is suffered , the policy will pay the benefit until retirement age . In Australia , Total and Permanent Disability -LRB- TPD -RRB- insurance is a policy that would pay a lump sum if the insured person suffered total and permanent disability . "}
{"input": "Is My Bike Covered Under Renters Insurance? ", "output": "Your bicycle is normally classified as personal property and covered under your renters policy . This would be particularly true if it is stolen from inside your residence . However , 10 % of the limit of your policy extends to your personal property when it is not in your residence , for example in a bike rack in front of Starbucks . The settlement for such a loss is , however , subject to a deductible . If your bicycle is very expensive this could be a valuable coverage , if it is like mine , you might not recover very much . "}
{"input": "Can You Buy Out Of State Health Insurance? ", "output": "No . Major medical insurance is controlled at the state level . For this reason you must purchase major medical insurance from an insurance carrier approved in your state of residence . With the most recent stage of implementation of the Affordable Care Act on January 1 , 2014 this has often resulted in stark contrasts in the cost of individual and small group health insurance depending upon which side of the state line a person or business is domiciled . As an agent in Memphis , Tennessee I can assure you that there are lots of people in Arkansas and Mississippi who wish they could purchase individual health insurance in Tennessee . The cost differences -LRB- which always varied from state to state -RRB- are now substantially different and higher for the residents of Arkansas and Mississippi . That 's not to say health insurance costs are n't higher in Tennessee in 2014 but they did go up far less than in surrounding states . You may have been confused by some politicians talking about allowing the purchase of health insurance policies across state lines . However , this is not how the Affordable Care Act is currently structured . While this idea sounds great on the face of it , it is neither practical nor a real solution for the cost problems individuals and small businesses are being presented with . All health care is local and just as the cost of living and real estate prices are vastly different from New York City to Omaha , Nebraska , the same is true of health care and the health insurance plans tied to it in a given geographic area . "}
{"input": "Can You Buy Out Of State Health Insurance? ", "output": "Long term major medical policies will not be issued anywhere other than your primary physical residence . If you need health insurance outside of your state you would need to purchase a short term major medical . Unfortunately , these plans do not cover wellness , pre-existing conditions and only last for up to 12 months . A better route to go would be a long term major medical with a national PPO network allowing you access to the benefits across the country . For more information on out-of-state major medical plans visit www.clminsure.com or call 561-320-2978 "}
{"input": "Is It Worth Buying Critical Illness Insurance? ", "output": "The key to a critical illness plan is to get a good one . Sadly , most agents and even fewer consumers know the difference in a good critical illness policy and a poor one . Never buy on price alone , and shop around . This is one area where paying a little more is worth it . Make sure the policy is health insurance , not life insurance with a rider . "}
{"input": "Does Renters Insurance Cover Forest Fires? ", "output": "If you mean your renting a property and a forest fire comes and burns down your residence thereby destroying your property then yes , you are covered . Of course this is providing you purchased personal property coverage on your renters policy . Also note there may be limitations on certain items so you want to talk to your agent and review your coverage needs . Keep in mind , the landlord is responsible for their own property and should have coverage for the dwelling of their own . "}
{"input": "Does Renters Insurance Cover Forest Fires? ", "output": "A renters policy will cover the loss of personal property which results from a named peril . Fire is a peril covered by almost every renters policy . When applying for coverage it is smart to take pictures of all your property and then determine how much it would cost to replace it . After the policy is issued store the pictures somewhere they can be retrieved in case you experience a loss . "}
{"input": "How Important Is Homeowners Insurance? ", "output": "That 's a great question ! Let 's answer it this way : How would you be financially if you purchase your home , take out a big mortgage to pay for it , buy new furniture and appliances to fill the house , get all of your belongings in it , and then it catches fire and is gone ? Would you be able to start from scratch and repay the mortgage ? Or how about if a visitor fell down some steps in your home , and had to be hospitalized . Would you be able to pay the bills and possible law suit damages that you are liable for ? These are two really good reasons why homeowners is important , and most lenders will not sign off on your mortgage unless their investment is protected somehow . I hope that helps you decide to insure your home . Thank you for asking ! "}
{"input": "What Is Usually Covered In Renters Insurance? ", "output": "Typically your personal property is covered by a renters insurance policy up to the policy limits and less your deductible . Liability coverage is also provided to help provide coveragefor accidents on your rented premise that you are deemed responsible for . There are many , many coverages offered by a renters policy . Contact a local agent to allow them to provide you with informationthe coverages and pricing with your area . "}
{"input": "Will Homeowners Insurance Cover Mold? ", "output": "Great question ! After the great media `` black mold '' scare a few years back -LRB- yes , black mold is bad , as is most mold and fungi -RRB- most insurers quietly cut that coverage out of their homeowners policies . That is especiallytrue in the humid southern states , where mold is difficult to prevent . There may be a small amount of damage that is covered in your specific policy , so it is well worth your time to contact your agent and find out . If your policy has been in force for many years , it may also be a covered item , if the company had n't amended your policy along the way . Contact your agent , and they can tell you for certain . Good luck , and thanks for asking ! "}
{"input": "Will Homeowners Insurance Cover Mold? ", "output": "-- > Normal 0 Mold is a slow growing organism that forms on plants , food and other matter . You will find most property and liability insurance policies include an endorsement specifically limiting coverage for Fungi , Wet or Dry Rot or Bacteria . Mold damage used to be covered by property insurance policies , like homeowners policies , if it resulted from another covered loss . A few years ago , insurers slipped an exclusion into their policies for all types of mold loss but softened the impact by including a nominal amount -LRB- usually $ 10,000 -RRB- of coverage for mold damage to property and $ 50,000 for liability to others . Higher limits are usually available for an additional premium but most insurance buyers are not even aware of this option . Mold damage following a water damage loss or the breakdown of mechanical equipment could result in a serious loss . Increasing the mold coverage limits on homeowners , tenant-homeowners , dwelling and other property insurance policies should certainly be considered . This type of coverage , mold damage resulting from another covered loss , used to be free and was subject only to a policys limit . Now you have to pay for it and specific limits will apply but it remains an important insurance program consideration . "}
{"input": "When Do Life Insurance Policies Not Pay? ", "output": "If a life insurance policy is put in force correctly , and if the insured person does not commit suicide in the first two years after the policy goes into effect , the policy will pay . Policies in which the client honestly answers the questions on the application with a good agent , will pay . If the insured person omits or lies about a significant health detail that was asked about on the application or during underwriting , the policy could be contested if death of the insured person occurred within two years after purchasing the policy . If a policy is contested , there is still a chance it might pay . Suicide during the first two years that the policy is in effect is an exclusion for which the policy will not pay . "}
{"input": "How Much Renters Insurance Should I Require? ", "output": "If you are asking as a landlord , any renters insurance that a tenant has is better than no renters insurance coverage . Most companies offer 100000 of liability coverage as a default but in most cases that limit can be raised without a lot of cost difference . I would suggest contacting a local agent as a starting point to discuss your coverage concerns and what products they may have available within your area . If you wish to protect yourself better from legalities I would recommend consulting with a local attorney . "}
{"input": "Does Renters Insurance Cover Self Storage? ", "output": "Ten percent of your policy value is available for coverage of items that you own that are not directly on your property up to the limits designated by the policy less your deductible . If you have a 20,000 policy , you would have up to 2,000 of coverage available for your personal items not stored on your property . Please remember every policy and carrier is different . Read your policy completely to know what coverage is provided and what exclusions there may be . "}
{"input": "How To End Life Insurance Policy? ", "output": "That is a great question ! The most common methodis you pass away . If that is n't your first choice , then You have a couple of options . -LRB- and I 'd strongly recommend that you speak with your agent or advisor first , especially if it is just a matter of unaffordable payments -RRB- The first is to write them , and tell them that you would like to surrender the policy . -LRB- contact me , and I 'll explain surrender vs. cancel -RRB- the second is to stop paying it . Both methods will end the policy . If you need help , please contact me . Thanks for asking ! "}
{"input": "How To End Life Insurance Policy? ", "output": "The easiest way is to notify the company or your agent . When you just stop paying premiums some confusion can be involved . It is your policy , and it is your life . While I hate to see anyone stop protecting those that they love , the decision is entirely yours . "}
{"input": "How To End Life Insurance Policy? ", "output": "With term , the answer is easy . Just stop paying for it and it will lapse . With permanent , you have choices . Some folks would notify the carrier they want to end it and `` cash out '' . But remember that money then is taxable . Why would you want to do that ? You can borrow against that policy , and the loan is tax free and never needs to be repaid , unless you lapse the policy . If you must stop paying , how about letting it just pay itself out from the growth of your policy with no premiums due ? Think about your options ! Talk with your agent . Thank you . GARY LANE . "}
{"input": "How To End Life Insurance Policy? ", "output": "Before you end you life insurance policy you should contact your life insurance broker to see if there are any alternatives available such as a policy change . If the policy has a cash value , there maybe tax consequences should you surrender the policy . You want to make an informed decision . In order to end your life insurance policy , you need to advise the insurance company in writing . Some companies require surrender forms . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . "}
{"input": "When To Sign Up For Medicare If I Am Still Working? ", "output": "If you are still working , you should still sign up for Medicare in the three months before your 65th birthday . If you do n't want to take your Part B Medicare benefits yet , you can simply return the card provided in your packet , telling them that you do not want Part B at this time . However , if you take Part B , your group plan will be your primary insurance plan . Very few people turn down Part A. "}
{"input": "Is Mortgage Disability Insurance A Good Idea? ", "output": "If you have regular Disability Insurance , you will receive a monthly benefit in the event that you became disabled . This can be used to pay any bills you want it to pay , including , but not restricted to , your mortgage . So Mortgage Disability Insurance is not necessary if you have regular Disability Insurance . Whether it is a good idea depends on your situation . "}
{"input": "Can You Switch From Medicare Advantage To Medigap? ", "output": "Yes . Generally , if you 're on Medicare Advantage , you can only apply for a Medigap plan during the annual enrollment period -LRB- October 15-December 7 -RRB- because this is the time when you 're able to leave your Medicare Advantage plan . You would be subject to the medical underwriting process -LRB- answering the health questions on a Medigap plan application -RRB- . To buy a Medigap plan without medical underwriting , you would need to qualify for a guaranteed-issue right . In the case of when you have Medicare Advantage , you would have to meet one of the following conditions : 1 -RRB- You have a Medicare Advantage plan and your plan is leaving Medicare , stops servicing your area , or you move out of the plan 's service area . Please note , you have to go back to original Medicare -LRB- Part A & B -RRB- coverage to qualify for this guaranteed-issue right . 2 -RRB- You joined a Medicare Advantage plan when you were first eligible for Medicare Part A at age 65 and within the first year of joining , you decide you want to switch to original Medicare -LRB- known as a `` trial right '' -RRB- . 3 -RRB- You dropped a Medigap policy to join a Medicare Advantage plan for the first time , have been in the plan less than a year , and you want to switch back -LRB- this is another type of `` trial right '' -RRB- . 4 -RRB- You leave a Medicare Advantage plan because the company has n't followed the rules , or it misled you . These 4 items are from Medicare 's website and can be found in your Medicare & You guidebook - copies are available on the Medicare.gov website -LRB- I can also e-mail you one if needed -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage including quotes and plan comparisons , and if you have any other questions . Thanks very much . "}
{"input": "Can You Switch From Medicare Advantage To Medigap? ", "output": "You are allowed to switch from a Medicare Advantage plan under certain conditions . If you are 65 or older and have been on Medicare Part B for less than 6 months you can switch to original Medicare and a Medigap . If you are in your Advantage trial right period , you can switch to Medigap . If you can pass underwriting requirements , you can switch to Medigap . "}
{"input": "What Is Postal Life Insurance Bonus Rate? ", "output": "I know that postal workers have group life insurance , but the one thing many postal workers over look is there life insurance can increase over 300 % through out your career and after retirement start to decrease when i ` ts needed the most . What i recommend is do a review of your life insurance policy , because any bonus that you may want or think is available really wont matter if your life insurance decreases every year in retirement . "}
{"input": "Can I Get Help With Car Insurance? ", "output": "As a trusted experienced agent , we help consumers with their car insurance , by offering unbiased advice and free quotes from the top-rated insurance companies . Each situation is different and the best options for you may be completely different than what 's best for other persons . Coverage , underwriting guidelines and policy provisions should always be discussed . "}
{"input": "Can I Get Help With Car Insurance? ", "output": "To get professional help contact a trusted insurance agent . If you dont have a trusted insurance agent get a recommendation from your friends , colleagues and neighbors . If you are asking about financial assistance for paying the premium for an auto policy , that is beyond my scope . I dont know . I would assume that there are some programs that would help you , but I dont know which programs . "}
{"input": "Does Hipaa Apply To Disability Insurance? ", "output": "Employer provided Disability Insurance is not covered under HIPAA . The Health Insurance Portability and Accountability Act was developed in part to simplify the health care system through electronic technology , yet protect the privacy of health information . The HIPAA Administration Simplification regulations exclude Disability Insurance because the benefit it provides does not fit their definition for a health plan . . As far as applying for a Disability Insurance policy goes , yes , your medical information privacy is protected by HIPAA . "}
{"input": "When Is The Best Time To Buy Long Term Care Insurance? ", "output": "The best time to buy Long Term Care Insurance is while you can still qualify for it , and while you can lock in the best rate . Around age 50-55 is a popular time because people start to experience hypertension and other signs of aging . As with most insurance , the best time is when it starts to gnaw at you . Even if you think it 's too late , it 's often best to follow your gut . "}
{"input": "How Long Can Children stay On Parents Auto Insurance? ", "output": "The answer to this question depends upon state law . In California all the drivers in the household , regardless of their age are included in the policy . The policy covers the car . The car is attached to a household . Unless excluded anyone in the household can operate any vehicle covered . In fact , anyone can operate any vehicle -LRB- provided that they have permission and are licensed drivers . -RRB- "}
{"input": "How Long Can Children stay On Parents Auto Insurance? ", "output": "From a contractual point of view , there really is n't any age limit . So long as your children remain residents of your home , and have access to and regularly use your cars , they need to be listed as rated drivers on your policy . Once they buy a car of their own and register it in their name , they would need to secure insurance of their own as well , at which point they can be removed from your policy . Check with your Insurance Professional about available discounts they might be entitled to if they ionsure their car with the same company as you . "}
{"input": "How Long Can Children stay On Parents Auto Insurance? ", "output": "As long as the children are residents of the household the children can stay on the parents policy as long as you wish . Keep in mind the vehicles will in almost all cases need to be registered to the parents or both the parents and the children . If the vehicles are only in the kids names then the children will need to obtain their own policy . The question is how long do you wish to continue to provide insurance for the kids . "}
{"input": "How Long Can Children stay On Parents Auto Insurance? ", "output": "Children can stay on their parent 's auto policy , for the most part so long as they continue to reside with them in their parent 's home and are driving one of their cars on a regular basis . If the child decides to purchase and register a car of their own , then they will need to have their own policy , at which point they would be removed from their parent 's . "}
{"input": "How Long Can Children stay On Parents Auto Insurance? ", "output": "Great Question . Kids can stay on the parents auto insurance policy till they leave the house and move on to college or get married . The advantage for that is the parent has all the discount offered by the insurance company like , home and auto discount and mulitple cars discount which can help lower the kids car insurance . "}
{"input": "How Long Can Children stay On Parents Auto Insurance? ", "output": "Typically there is no maximum age for kids being on their parents policy in auto insurance . In fact as long as they are residents of the household and are licensed drivers , then it is appropriate for them to be on the auto policy . Talk to your agent about your situation . "}
{"input": "How Long Can Children stay On Parents Auto Insurance? ", "output": "That is a great question ! Unless your State , or your insurance company has a rule stating otherwise , you can pretty much keep them on your policy until you are ready to boot them off . Most times they will need to get their own once they begin driving their own car , or have moved out or gotten married , and drive the spouses car . I hope that helps , thanks for asking ! "}
{"input": "What Is Private Health Insurance? ", "output": "Private health insurance is coverage that you buy yourself instead of having it provided through an employer . As an experienced broker , our job is to find the most affordable plans available through the highest-rated insurers . If you qualify for the new federal subsidy , we will calculate the amount and explain how that can reduce your premium . Each State Exchange/Marketplace will have an Open Enrollment which allows consumers to apply for coverage regardless of pre-existing conditions . "}
{"input": "Which Life Insurance Is Best? ", "output": "There is no one best life insurance company , and no one best type of life insurance policy . Life insurance companies are rated by rating agencies -LRB- AM Best , Standard and Poore 's , Moody 's and Fitch are the most popular -RRB- . You can look at their ratings with each agency to see how life insurance companies compare with each other . Regarding types of life insurance policies , sometimes Whole Life is best , sometimes Universal Life best suits a particular need , sometimes Term Life works best . To find the best company and policy for you and your particular need , you can visit with a reputable agent and ask them to find you the best qualify product that is suitable for your needs . "}
{"input": "Which Life Insurance Is Best? ", "output": "Video Transcript : Which life insurance is best ? Sometimes , you have to look at the ratings of the carrier , because people are very concerned about the financial strength of a carrier , so I want to look at the financial strength . The second is : How do they price out on product spreadsheets or grids ? Is the premium competitive with other players ? The third thing I want to know about is : What are their claims-paying ability ? Are they paying their claims on time ? There are certain services that actually look at that issue . You can check out financial strength , you can look at claims-paying ability , and most importantly , is that premium going to be really the most competitive premium that you can get ? That 's why we like to shop in the brokerage community to see which one is the best . Lastly , it 's an underwriting issue as well . Which one is the best ? Who gives me the most benevolent underwriting and the cheapest offer , based on my medical condition ? "}
{"input": "Which Life Insurance Is Best? ", "output": "The type of life insurance that is best for you depends on what you need it for , your budget , and how much you need . If you need a lot of coverage and have very little to spend , getting Term insurance will most likely be your best option . If you have a lifelong need and can afford to pay the premiums for Whole or Universal Life , those will be your better option . Visiting with an experienced agent who you can trust can save you hundreds of dollars while still getting you the right coverage to meet your needs . "}
{"input": "Which Life Insurance Is Best? ", "output": "That is an excellent question , and one I get a lot ! Here 's the best way I can answer you . It depends upon what you want it to do , your budget , and your age . If you are looking to provide for your funeral expenses , and leave some money behind , knowing for sure that the policy will do that for you , then a whole life policy is best , especially if you are young , and can purchase relatively large amounts cheaply . If you are looking for temporary coverage , to cover a debt , or because at this time your budget is really tight , then maybe a term policy is right for you . A combination of both may be right for you . It really depends upon your specifics . If you 'd like to discuss them , drop me an email , and I 'd happily give you some better information , okay ? Thanks for asking ! "}
{"input": "What Is SR22 Car Insurance? ", "output": "The Department of Motor Vehicles may require an SR-22 form . This form verifies that a specific driver is covered with vehicle liability insurance . It is frequently used to reinstate driving privileges that have been lost . We most commonly see it in connection with a conviction for driving under the influence of alcohol . The company that issues the SR-22 is required to notify the state with an SR-26 if the policy of liability insurance is cancelled . "}
{"input": "Does My Father Have Life Insurance? ", "output": "That 's a hard question to answer . I would recommend you review any old paperwork he has on file . Look for any bank drafts with various companies on his bank statement . Also consider calling his home/auto insurance provider and see if they knew of any policies in force . There is no centralized database of people with life insurance . This is a great reason why you want to have folder will all your policies and info for those you leave behind . "}
{"input": "Why Do People Buy Whole Life Insurance? ", "output": "There are many reasons why people buy whole life insurance . The main reason is permanence , it last until you are at least age 100 and sometimes beyond . Where as term insurance is only for a set number of years . Another reason is that whole life policies will typically build a cash value that could be borrowed against in most situations . There are too many reasons to list here . I would recommend contacting your local agent to have them help you finding the policy right for your needs and goals . "}
{"input": "Why Do People Buy Whole Life Insurance? ", "output": "Generally speaking some reasons are : -LRB- 1 -RRB- The earlier you purchase , the lower the premium locked at a rate until age 100-121 depending on the policy . -LRB- 2 -RRB- The potential to build a cash value which can be borrowed against in most cases . -LRB- 3 -RRB- It is permanent compared to term insurance that is only for a determined number of years . "}
{"input": "Why Do People Buy Whole Life Insurance? ", "output": "People buy whole life insurance because their insurance professional recommends it . But should they ? Whole life insurance for supplemental retirement income may be appropriate for long term conservative savers , who also desire tax advantaged features of tax deferral and the potential for tax free income provided that the policy is kept in force for the life if the insured . But whole life insurance for protection may not be the most economical approach for permanent coverage . Guaranteed universal life -LRB- GUL -RRB- is less expensive and although most GULs have little to no cash value , theyre purchase for the lowest cost of coverage . "}
{"input": "Why Do People Buy Whole Life Insurance? ", "output": "Why do people buy whole life insurance ? Well , I can give you reasons I did . I simply liked what it does . I locked in a life time rate in a policy that grows over time and builds up cash values that I can get to really easily and I do n't have to ask permission from anybody to do so . I like that I own the policy , I control the policy . I like that as an investment it is dull , boring and does it job of a reasonable return at a minimal risk situation . I like after all my health changes -LRB- type II , A Fib -RRB- that I do not have to seek out life insurance again because I have mine , locked in for my life . I like how in 2008 when I lost ten years of growth off my investments and my home value dipped too , that my life insurance kept cooking along as if nothing happened . I like that something I have ca n't go backwards . I figured out a long time ago , whole life insurance is the most risky thing an insurance company can sell for an insurance company , that is why it is priced the way it is . Think about this if you were an insurance company and price based on risk to the company , would the things that could really cost you , do you charge a little or a lot ? This is also why a good disability policy is n't cheap either . "}
{"input": "Who Does Not Need Long Term Care Insurance? ", "output": "Persons who do not have a lot of assets to lose if they were to need long term care services may find that the cost of Long Term Care Insurance is not worth the sacrifice . On the other hand , those who have very large estates may feel that they are able to pay for their own Long Term Care if the need arises , and may not consider it necessary to purchase Long Term Care Insurance . "}
{"input": "Does Renters Insurance Cover Pet Injury? ", "output": "Homeowners policies routinely exclude coverage on animals , birds , fish or insects . There are companies that provide insurance for animals . Some automobile insurers will provide coverage for an animal injured in an auto accident . "}
{"input": "Can I Have Medicare And HDHP? ", "output": "Normally , once you go on Medicare you can no longer keep your HDHP -LRB- high deductible health plan -RRB- because you generally can not have other health insurance along with an HDHP . However , Medicare Advantage plans allow for the creation of a Medicare Medical Savings Account -LRB- MSA -RRB- . Like HSA 's , MSA 's are comprised o a HDHP along with the MSA . This HDHP is a Medicare Advantage Plan with a high annual deductible . "}
{"input": "How Much Do Life Insurance Agents Make In Vermont? ", "output": "Life insurance agents in Vermont make a wide range of salaries . As with any other business that pays commission -LRB- and usually , commission only -RRB- , the amount of work put into the career makes a big difference . But it also depends on the economy , how many people you know , whether you have the money to stick with it for a while , etc. . If there is an average , most agents in Vermont probably do not make it , but earn far less or far more than that . "}
{"input": "How Much Do Life Insurance Agents Make In Vermont? ", "output": "According to the Bureau of Labor Statistics , the national average annual income of an insurance agent is around $ 44,500 . There is no specific information for Vermont life insurance agents . There is a lot of variance in income earnings since the jobs is generally 100 % commission . Some agents will earn less than $ 20,000 per year and other will earn over $ 100,000 per year . "}
{"input": "Can I Get Disability Insurance If I Have Cancer? ", "output": "Depending on the exact type of cancer , most companies would probably not issue the policy if you are currently being treated . Cancer can be a devastating disease . No company will issue a policy knowing there is likely to be a claim in the very near future . If you have a minor skin cancer then you may be able to receive coverage , otherwise it is doubtful . The only way to find out is to speak with an agent and do a trial application or have him call underwriting at the company for a preliminary evaluation . "}
{"input": "Can I Get Disability Insurance If I Have Cancer? ", "output": "As previously mentioned , the likelihood that you could receive DI from standard carrier is very slim . However , if you 're in remission , there 's a possibility that a company like Lloyds of London would write you a policy . The biggest downside is that , regardless of where you go , they 'll most likely exclude anything pertaining to the cancer , even if you 're in remission . "}
{"input": "Can I Get Disability Insurance If I Have Cancer? ", "output": "To qualify fordisabilityinsurance , of course , you must have an income stream that is not currently subject to rapid change . The policy is medically underwritten , so you would have to qualify for coverage . There are many types of cancer and to properly determine the correct answer to your question , you should talk to an experienced broker that is very familiar with several underwriting guidelines of major disability carriers . "}
{"input": "Can I Get Disability Insurance If I Have Cancer? ", "output": "Can you get Disability Insurance if you have cancer ? Honestly No . If you are currently being treated for Cancer the possibility of being approved for a disabilty policy is slim to none . True well designed disability is very very hard to get with even modest health issues . Active cancer is a decline . "}
{"input": "Does Life Insurance End Up Going Through Probate? ", "output": "Not usually . As long as the policy has a named beneficiary who is alive when the insured dies the proceeds will normally skip the probate process . If there are no living beneficiaries when the insured dies , then the proceeds are paid to the insured 's estate at which time the funds would need to go through the probate process in order to be distributed to heirs . Keep in mind that proceeds paid to a deceased beneficiary could end up in that beneficiary 's estate and would need to go through the probate process in order for that beneficiary 's heirs to receive the proceeds . "}
{"input": "Does Life Insurance End Up Going Through Probate? ", "output": "Life insurance does not go into probate if the beneficiary is a person , trust or entity other than the estate . If the beneficiary is the estate , if all beneficiaries are deceased , or if there is no beneficiary named on the policy , the insurance proceeds will be paid to probate court , where fees will be deducted . Life insurance with a designated beneficiary avoids all that . "}
{"input": "Can Car Insurance Deny Coverage? ", "output": "You can be denied if you apply for car insurance coverage . For example , if you did not have a valid drover 's license or were not a US citizen , you would likely be denied . If your driving record could not be verified , it is possible you would not be offered coverage . Of course , too many tickets , accidents or claims may cause a denial when you apply . Utilize a broker who represents multiple carriers to help you fund the company that offers the lowest rates . A reputable website is also a great resource . "}
{"input": "How Long Does It Take To Get Money From Home Insurance? ", "output": "It certainly depends on the carrier , the type of claim , and how much damage was caused . If you are talking about a `` catastrophe '' claim this can take much longer because of the scope of damage and the number of people impacted . Sometimes insurance carriers will have to out-source a 3rd party to handle claim adjustments if the claim is that big like tornado damage that causes damage to many . If you are talking about a claim where the only damage was your residence you should expect to see a field adjuster within 3-5 business days to make the initial estimate . From there , a check could be issued as quick as 24 hours or another 3-5 business days . More than likely the first check you receive will be a partial based on the ACV of your personal property and dwelling . "}
{"input": "How Long Does It Take To Get Money From Home Insurance? ", "output": "Insurance companies want to adjust claims as quickly as possible . In most cases they are eager to get the claimants release . The claim is not adjusted however , until the claimant signs the release . There are a variety of circumstances that could delay that release from being signed and sometimes the company will make interim payments to reduce the stress on the claimant . Delays could be in reconstruction , possible fault of a third-party , and legal issues . Sometimes it has to do with a lawsuit and can not be resolved until the case is settled . "}
{"input": "Can I Keep My Ex Wife On My Car Insurance? ", "output": "That is a great question ! The better question though , is why would you want to ? I could maybe , possibly , barely , almostsee why if she were still driving the car ; if she had policies that bundled with yours and kept your rates low , or if she were making the payments . But she is n't going to be legally obligated to you anymore , and if she 's not going to be driving the car , probably is going to stop paying , drop you from her policies , and not care too much if your car gets a new dent or scratch . I 'm not suggesting in any way that your Ex is in any kind of way a bad person , or doing anything wrong . That is just the way it is . It may be better to just let that one go , and let her find a policy that will work best for her . If you 'd like to discuss this privately , please contact me , okay ? Good luck , and thanks for asking ! "}
{"input": "How Often Will Medicare Pay For A CPAP Machine? ", "output": "If you qualify , Medicare will pay for the rental of a CPAP machine . You must have been seen by a doctor , and that doctor must have prescribed a sleep study . The study must be conducted by a Medicare approved facility and your diagnosis must be confirmed . You must have been trained on the care and use of a CPAP before Medicare will cover the rental . "}
{"input": "What Kind Of Insurance Do I Need On My Home? ", "output": "You need homeowners insurance at minimum . Depending on the geographic location of your home you could also need or want flood insurance . I would also recommend an umbrella policy to provide added liability protection that covers both your home and autos . To ensure that you get the protection you need and want contact your local agent , they will advise you of the coverages available so that you can make a more informed decision . "}
{"input": "What Is A Typical Home Insurance Cost? ", "output": "Home insurance is written for homes . Homes are never typical . It is the uniqueness that makes home ownership attractive . A homeowners policy is based upon the value of the home , the location of the home , the fire protection available , the age of the home and the condition of the home . In addition there are other items of interest that will guide an underwriter to evaluate the risk of your home "}
{"input": "How Do You Calculate Homeowners Insurance? ", "output": "Insurance companies use two types of calculation tools to first determine the cost to replace the home if there is a total loss . The replacement cost is one of the determining factors in rating a home . The next factors are the location of the home , information about the individuals purchasing the home and their prior homeowners insurance history . Then we discuss with the client the desired additional coverage 's and deductible options beyond the basic replacement cost to help determine what best fits the clients needs and to give peace of mind on this important asset . "}
{"input": "Does Homeowner's Insurance Cover Stolen Car Key FOB Replacement? ", "output": "That is a good question . In most states coverage for auto related claims will fall under your auto insurance . Having said that , some homeowners insurance policies provide coverage for theft away from premises . The more important question is , `` What is your homeowners insurance deductible ? '' If you have a $ 500 deductible and the key FOB is $ 500 , and it was covered , you would collect $ 0 because you have n't exceeded your deductible . Even if your policy did provide coverage , and you exceeded your deductible , I would n't recommend you file a claim . Homeowners insurance is best reserved for catastrophic losses like ; wind , fire , hail , lightning , hurricanes , water damage from a pipe burst , etc. . If you file a claim for your key FOB and next week have to file another claim because of something listed above , the insurance company will have grounds to non-renew or cancel your policy . Even if they did n't cancel your policy , you could see a rate increase because of the claim that was submitted for your key FOB . Over the next few years you would likely exceed the value of the key FOB with increased insurance premium cost . The thought process by the insurance companies is `` frequency leads to severity '' and insurance companies do not like severity . Hope this answer helps . "}
{"input": "Is Home Insurance Required In Vermont? ", "output": "Home Insurance is not required in any State , a homeowner is free to self insure the risk thereby not paying premium for an insurance contract . If a homeowner decides to borrow money from a bank or other lending institution and offer the home as collateral for the loan , there most probably would be a contractual obligation to provide insurance naming the mortgagee on the insurance policy . There is a link providing an online format to obtain a quote and buy home insurance online in multiple States ; may be used by Escrow/Closing Professionals , Mortgage Professionals , Real Estate Agents and directly by Consumers . An exemplary online experience for all ! WEBSITELINK "}
{"input": "What Type Of Hospital Bed Will Medicare Pay For? ", "output": "Guidelines for what type of bed Medicare will pay for varies by state . In all states , Medicare will not pay for the cost of a fully electric bed . However , Medicare will pay for the cost of a semi-electric bed when there is a medical necessity for that type of bed . You can then pay for the difference so that you can purchase a fully electric bed , if desired . "}
{"input": "How Can I Compare Health Insurance Quotes In Indiana? ", "output": "Comparing health insurance quotes in Indiana is very simple and you 'll be able to view the best prices from the top-rated companies . Typically , utilizing an experienced broker 's website will yield you the best rates . As an experienced broker myself , with a premier trusted website , we utilize modern software and are able to research and find the best offers . The Indiana Health Insurance Exchange allows you to apply for many affordable plans through Anthem and a few other carriers . No medical questions need to be answered and during Open Enrollment , your acceptance is virtually guaranteed . The new Marketplace will also provide a federal tax subsidy of your income is under 400 % of the Federal Poverty Level . "}
{"input": "Can Your Homeowners Insurance Drop You? ", "output": "Your insurance carrier can at their discretion terminate your coverage typically with at least 14 days notice to allow you to secure coverage with another carrier . If you have had numerous or large dollar amount claims within your history with the carrier they may decide that your homeowners coverage is not a risk they are willing to accept any longer . "}
{"input": "How much is health insurance for a family of 3? ", "output": "Florida participates in Obamacare Health Insurance Marketplace . Under that system , here 's what drives the price : # of people in household and their age , total income of those people , and the county they live in . It 's best to have an agent run the numbers for you . They can guide you to coverage and plans that meet your needs . If your family is lower income , you may find that the cost is ZERO ! "}
{"input": "How much is health insurance for a family of 3? ", "output": "Cost of health insurance is driven by many things . Age of the three people : Age plays a big role in the cost of health insurance . Although this has been smoothed out a bit due to the ACA there is still a big price difference based on age of the consumer Benefit levels : A high deductible plan is going to have a lower premium than a copay plan . The size of deductibles , amount of up front coverage , copay levels and many other factors will drive the price of insurance benefits . ACA plans : ACA plans `` Obama Care '' premiums are determined by income level . The lower the income , the higher the subsidy will be toward the premium . This can lower the cost tremendously and even lower it to no cost per month if the income is low enough . Every additional family member increase the amount of family income that can be made and still receive a subsidy . Be careful however , if someone understates their income , they will be subject to paying it back when they do their taxes the following year . Someone could be receiving a $ 600 a month subsidy based on an income of $ 18,000 a year and then have to give all of it back when they do their tax return and it shows they really made $ 48,000 . "}
{"input": "How much is health insurance for a family of 3? ", "output": "As an Insurance Broker , I want to think it depends on your age and what type of Heath plan you want . Example high deductible or a low deductible Health Plan . My best suggest is to look at what is your cost for any medication you may be on . Find out does your doctor / doctorsHealth plan . The way you will leverage your time and your money . Omeca Best , 866-491-1491 "}
{"input": "How much is health insurance for a family of 3? ", "output": "It truly depends on the deductibles and coinsurance chosen along with any additional coverage like accident , critical illness , or dental . Higher out of pocket costs will lower premium while lower deductibles and coinsurance will raise premiums . Typically on an ACA plan , the average policy for a family of 3 that I have written has been in the $ 400 dollar range which included some bells and whistles . For a no obligation quote please contact me @ 843-450-9879 or visit my website @ www.hinchfinanicalgroup.com . "}
{"input": "How much is health insurance for a family of 3? ", "output": "There are many factors that can contribute to the cost of your insurance . First , there is the type of plan that you choose . A more basic plan that covers only emergency or sickness will cost less on your monthly premiums , but will most likely not cover wellness visits . A more comprehensive plan that covers various wellness visits and tests will be more expensive on your monthly premium , but may save you money in the long run due finding health problems before a catastrophic illness . Other contributing factors are age , lifestyle and previous medical conditions . A person who is in decent health at average height and weight will pay less than someone who is overweight , uses tobacco and has a preexisting medical condition . Options that you choose for your medical plan can also raise or lower your premium . Going with a low annual deductible will cause your monthly premium be higher versus going with a higher deductible . If you are relatively healthy and are comfortable with having a higher out-of-pocket cost will save on the premium . Of course , if you do end up needing to go to the doctor or having a test done , you may end up paying more due to the deductible . Also , having a doctor visit copay option on your plan may make going to the doctor easier to pay , but that option will add to your premium . Health insurance can be a confusing thing to purchase . By doing your research and contacting an agent , it can be a little less confusing and help save you and your family from a financial crisis . "}
{"input": "What Exactly Does Graded Whole Life Insurance Mean? ", "output": "Great question . These are the questions that should be asked before signing up for a policy . A graded policy normally will not pay out full benefits within a certain amount of time -LRB- such as 2 years -RRB- if death occurs from natural causes . So if a person were to have a graded policy and dies within the 1st year , more than likely the beneficiary will get just the premiums that were paid in that year plus maybe another 10 % or so as an example . "}
{"input": "Why Choose Variable Annuities? ", "output": "Productsuitability must first beestablishedbefore purchasing an investment.Variable universal life insurance -LRB- VUL -RRB- is a unique security product that should be considered for a long term investor with a high tax bracket and an established risk tolerance for marketing investing . It has a guaranteed interest account as well as separate subaccounts using equity and bond investments . VUL designed for income can accumulate tax deferred and may be able to generate tax free income as long as the contract is kept in force for the life of the policy insured . "}
{"input": "What Is Term Essential Life Insurance? ", "output": "I believe you are speaking about the Prudential term product which has both term `` essential '' and term `` elite '' . The former product is the lower in cost , while the `` elite '' coverage has certain advantages should you wish to convert in the future . I believe the less expensive model works for most people , although its a good idea to be aware of both . "}
{"input": "What Is Term Essential Life Insurance? ", "output": "Term Essential Life Insurance is the lower cost of two term products offered by Prudential . It comes in 10 , 15 , 20 and 30 year level term , with 30 year term often its sweet spot . It is convertible to permanent insurance to at least age 65 . Term Essential Life requires a minimum face amount of $ 100,000 . "}
{"input": "What Is Term Essential Life Insurance? ", "output": "Term Essential is just the name for the term life insurance product from Prudential Life . Every carrier assigns names to their products , but with term insurance , the product is pretty black and white - if you die during the life of the policy , it pays out a death benefit . If you 're still living when the term period guarantee expires and you decide to terminate the coverage , that 's the end of it . There is nothing to cash out with term insurance products as they do not build cash value . Most people will terminate the coverage at the end of the term period or replace it with a new term or permanent life insurance policy . It 's important to review your life insurance program with a life insurance broker periodically to make sure what you have is still the most suitable item for you . As our needs change over time , so does our coverage needs . I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions . Thanks very much . "}
{"input": "How Many Life Insurance Members Does Aetna Have? ", "output": "Aetna is a stock life insurance carrier and as such has policyholders , not members . Aetna is a major insurance carrier involved in many areas of insurance and risk management . Aetna provides individual and group health insurance coverage . They also offer life insurance and Medicare plans . As such , Aetna has many hundred thousands of policyholders around the world . "}
{"input": "Can I Switch Homeowners Insurance At Any Time? ", "output": "Of course . The only key to keep in mind is how your Homeowners ' Insurance is paid . If for example you pay it directly say on a monthly billing account , then the transfer can be very simple and easily handled by your insurance professional right in the office . If however , your Homeowners ' Insurance is paid by your Mortgage Company by an escrow account , it can still be done , but is a bit more complicated . Either way , talk to our Insurance Professional about your particular situation . There is a solution . "}
{"input": "Can I Switch Homeowners Insurance At Any Time? ", "output": "Yes , you can . Most people assume they can only switch at renewal , but this is n't so . If you choose to switch , it 's not hard . When you find new coverage , go ahead and pay for it . Then you can cancel your current policy . They will refund the premium they have n't used . For instance , if you paid for the entire year and you cancel six months into the term , they 'll refund half the premium . Now some things to be aware of : Do n't cancel your current coverage until you have new coverage in place . If you have a mortgage , be sure to notify your mortgage company about the new coverage . They may send you a notice that they have no coverage and you need to address this or they will force coverage at an extremely high rate that only protects them , not you . Get this notice to your agent so they can get the mortgage company what they need . If you pay your insurance through your mortgage payment , it 's a little more complicated . When you closed on your mortgage , you paid the first year of insurance up front . Then , the mortgage company puts part of your payment into escrow for the insurance . When it renews , they 've collected enough to pay the full year again , and the process continues that way . If you cancel during the year , the refund will come directly to you , not the mortgage company , and your escrow may be short . So , you 'll have to pay the premium for the first year to give the mortgage company time to catch up . It 's your insurance and you can cancel any time you 'd like . Just be aware of some of the pitfalls that may exist . Find a good agent you can trust and they can take care of the whole process for you . "}
{"input": "Can I Switch Homeowners Insurance At Any Time? ", "output": "You bet . Home insurance is n't a two-way street . There are certain things an insurance company is unable to do , such as cancel your policy if you are paying your premiums . On the other hand , as the policy holder , you have the right to cancel your policy at any time . Their are a couple key items to consider before making a change . 1 . What coverage changes exist from my current company to the new company ? Is my coverage improving ? 2 . What discounts will fall off by making this change ? 3 . How is the billing handled ? There are a couple more steps to take if your insurance if paid by your mortgage company . The bottom-line answer is yes . Work with an experience professional to help get the change done properly . It happens every day ! "}
{"input": "Does Medigap Insurance Cover Drugs? ", "output": "No , Medigap plans on today 's marketplace do not cover drugs . If you have a Medigap plan or are looking to buy one , you would need to add a standalone part D prescription drug plan to cover prescription drugs . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "What Is The Best Life Insurance Company? ", "output": "Best for Financial Strength ? Best for prompt payment of Claims ? Best for service after the sale ? These are just some of the questions many of my clients ask when seeking `` The Best Life Insurance Company '' to suit their particular needs . My suggestion is to contact a rating service that measures Financial Strength , Claim Payments , Service etc. . . "}
{"input": "What Is The Best Life Insurance Company? ", "output": "There is too many variables to composite a best life insurance company . But there financial items and product rankings that can help you assess the top companies . There are several rating services that measure financial strength and claims paying ability . There are also premium ranking spreadsheets by product and health classification that can assist you in your due diligence search . "}
{"input": "About How Much Is Auto Insurance? ", "output": "Auto insurance is priced based on the auto , your driving history , garage zip code and credit rating . Need a no obligation quote ? I will be happy to run different options in order to get you the most insurance protection based on what you tell me you are able to afford . Call me Keith Prim - Dallas - 214-435-0791 "}
{"input": "What Type Of Auto Insurance Provides Coverage From A Tree? ", "output": "If a Tree falls on your auto and causes damage this would fall under your comprehensive coverage . A claim would be paid for your loss minus your deductible up to the value of your vehicle if it were a total loss . If you hit a tree this would fall under your collision coverage . Your loss would be paid up to the value of the vehicle if a total loss minus your deductible . "}
{"input": "What Is Required For Renters Insurance? ", "output": "To secure renters insurance coverage you will need to know the amount of coverage -LRB- the valuation of all of your personal items -RRB- that you desire , the year the building your premise is in was built , the number of units in the building , distance of the nearest responding fire department , distance to the nearest fire hydrant , and whether or not there is a sprinkler system and/or security system in the building just to name the main items . Contact a local agent and they can assist you in getting a quote for coverage within your local area . "}
{"input": "Does Disability Insurance Work? ", "output": "Absolutely disability insurance works . It makes sure that individuals and families have income when they are unable to work due to illness or injury . This income provided by the policy allows and individual to continue his or he life a a similar lifestyle if he or she can not work . "}
{"input": "Does Disability Insurance Work? ", "output": "Absolutely any disability policy purchased from a reputable insurance company works if you meet the criteria of a claim . In order to receive benefits you must be diagnosed with an injury or illness so severe that you are no longer able to perform the duties of your occupation by a medically licensed physician . Then you must meet the elimination period requirements in the policy . Then benefits will be paid to the extent of the contract . The money may be used for any use you deem fit . "}
{"input": "Can You Buy Short Term Disability Insurance? ", "output": "Yes , you can buy short term disability insurance . There are less than a handful of companies that sell it as an individual policy , that I know of . It is much easier to get short term disability insurance through a group . On the other hand , it is not difficult to find individual long term disability coverage , and most people can buy long term disability insurance at a reasonable price . "}
{"input": "Does Medigap Cover Dental? ", "output": "Unfortunately , Medigap does not cover routine dental examinations . Although Medigap Plans are designed to fill the gaps in Original Medicare , they will only pay for Medicare-covered services . Routine dental care is not covered under Original Medicare ; therefore , it is also not covered by Medigap -LRB- Medicare Supplement insurance -RRB- . Medicare will only pay for dental services that are an integral part of a Medicare covered procedure . Some exceptions include , reconstruction of the jaw following accidental injury , or extractions done in preparation for radiation treatment involving the jaw . Medicare Beneficiaries often purchase a separate dental plan to meet their individual needs . If I can help you with your specific situation , please feel free to contact me . "}
{"input": "Why Buy Annuities? ", "output": "Product suitability should be a required process of prudence for all potential financial product purchases , including tax deferred and immediate annuities . If your effective tax bracket is high , tax deferred annuities over time can have accumulating advantages , i.e. mid to long term , high tax bracket savers and investors should consider tax deferred annuities . Tax deferred annuities have three basic crediting methods : interest rate crediting , indice crediting and separate sub accounts using equity and bond investments . A risk tolerance assessment needs to be performed to determine your financial profile and product suitability . Keep in mind that tax deferred variable annuities can lose money . "}
{"input": "When Can You Buy A Medigap Policy? ", "output": "You are allowed to purchase a Medigap policy at any time . Most will purchase a Medigap plan when they initially turn 65 and are enrolled in Medicare Part A and Part B . Some will purchase a Medigap plan following a qualifying event , such as loss of employer group coverage or involuntary loss of an Advantage plan . "}
{"input": "Can An Employer Cancel Health Insurance While An Employee Is On Disability? ", "output": "Yes your employer can cancel your health insurance while on disability . There are two key laws that may protect your rights while you are unable to work . The Family Medical Leave Act -LRB- FMLA -RRB- requires that employers continue to provide health insurance coverage on the same basis as if the employee was working . These protections last for twelve weeks , so your employer could cancel your coverage after this time . The FMLA applies only to businesses with 50 or more employees , and employees working a specified number of hours . If you are not eligible for FMLA , your employer could cancel your policy at any time . COBRA allows for employees to continue coverage for up to 18 months . If you employer cancels your policy , you can keep it in force by making the premiums payments yourself . You would lose the employer contribution , and the advantages of pre tax elections for your contribution . "}
{"input": "How Much Will I Get Back From Medicare For An Ultrasound? ", "output": "The only time you should `` get money back '' from Medicare for an ultrasound is when you use a provider that does not accept assignment . Most medical providers do accept Medicare assignment , file claims direct with Medicare and they receive payments direct from Medicare . If you have a supplement plan Medicare sends your approved claim direct to your gap carrier who will send their payment to your provider . "}
{"input": "Does Homeowners Insurance Cover Ice Damage? ", "output": "If your residence is damaged because of the weight of accumulated ice , snow or sleet , you can expect payment under most homeowners policies . That does not hold true for a swimming pool , as that is an excluded peril . As a homeowner you should do all you can to stop accumulated ice from damaging your home . "}
{"input": "Who Can Help Me With Health Insurance? ", "output": "When your thinking about health insurance there are two options currently available to you for help . The first , which I recommend , is working with an agent who is a health broker , who is also certified on your states Health Exchange system . Talking with a broker will help you to understand what all your options within the different insurance companies . The second is to contact the exchange directly and work through there system . You are not able to establish a relationship with the people you call in to help so it will be difficult to really find the best match . I am not saying you ca n't do it , but rather you are more on your own to navigate around the site and to choose the company that will best meet YOUR needs . Good Luck . "}
{"input": "Who Can Help Me With Health Insurance? ", "output": "I am a health insurance broker in South Carolina and am now engaged in helping people understand Obamacare and their options . Because of the Affordable Care Act the options a consumer has are many less than before the act was made law . There are alternative if the premiums are too high and I would be happy to help anyone that needs it with no obligaton . "}
{"input": "Does Wisconsin Require Auto Insurance? ", "output": "Yes , Wisconsin does require auto insurance . The state minimums are fairly low though . I typically recommend no less than 100/300 coverage for any person that I speak to about coverage . The coverage is there to help protect your financial future . Things happen , do n't let an accident destroy yours ' or your family 's future . Call your local agent to find out how affordable coverage really is . Especially compared with the alternative . "}
{"input": "When Can You Sign Up For Medicare B? ", "output": "You can sign up for Medicare Part B at the same time that you sign up for Medicare Part A , or you can wait to sign up for Part B until you have stopped working and no longer have group coverage . If you are receiving Social Security benefits , you will be signed up for Part A and B automatically just before your 65th birthday . "}
{"input": "What Medical Tests Are Required For Life Insurance? ", "output": "If applying for a medically underwritten life insurance policy , a paramed exam is generally given . For most applicants , this involves a blood test and urine test . If applying for a large face amount or if the applicant is past middle age , the underwriting requirements may also include a resting EKG , a treadmill EKG , or possibly exam by medical doctor . If applying for No Exam life insurance , none of these tests are required . "}
{"input": "When Should I Drop Comprehensive Car Insurance? ", "output": "That is soley a personal decision . Ultimately the decision is really what can you bare as a financial loss should you be in an accident and you vehicle is damaged . As the vehicle ages it is normally worth less and less each year so if the vehicle is damage the less you will receive for the vehicle if it is considered totaled.Typically if a vehicle is over seven years old many insured will no longer collison or other than collision coverage . You have to weigh the decision of paying the extra premium for the extra coverage over the value of the vehicle . "}
{"input": "Does Home Insurance Cover Tenants? ", "output": "To properly be protected , your tenants should have renters insurance . In most cases your homeowners policy will not provide any coverage for your tenants personal property . Another concern for both you and your tenants should be liability coverage . If your tenants are not carrying renters insurance . You may find yourself financially responsible for an accident within their apartment . Remember every policy is different . Please read your policy completely to know what coverage you have and what exclusions there may be or call your local agent to have them go over the policy with you . "}
{"input": "Does Home Insurance Cover Tenants? ", "output": "The simple answer is no . A homeowners policy is designed to protect the owner of which in most instances is also the resident . However , there are Dwelling policies designed for homes that protect the home owner while minimizingtheir personal property coverage . From there the tenant is recommended to obtain Renters Insurance to protect their personal belongings -LRB- from theft , fire , etc. -RRB- as well as coverage for personal liability exposure . "}
{"input": "Does Home Insurance Cover Tenants? ", "output": "Some Homeowner 's policies do offer endorsements for tenents that live in the home such as roomates . Too make sure that you are covered properly , you want to contact your agent . Not all Homeowner 's policies are the same and each state has it 's own rules which is why you need to contact your agent in your state to be sure . "}
{"input": "When Can I Borrow Against My Life Insurance? ", "output": "You can borrow from your life insurance when there is enough cash value built up in the policy from which to borrow . You can see this amount by ordering a current illustration of your policy from your life insurance agent who sold you the policy , or from the life insurance company through which the policy was purchased . "}
{"input": "Can You Borrow From Veterans Group Life Insurance? ", "output": "Unfortunately , Veterans Group Life Insurance -LRB- VGLI -RRB- is a lifetime renewable Term policy without cash value . Therefore , you would not be able to borrow from Veterans Group Life Insurance because it does not have any cash value or pay any dividends . "}
{"input": "Can You Borrow From Veterans Group Life Insurance? ", "output": "In order to borrow from any life insurance policy , it must be a permanent or cash value policy . Unfortunately , group life insurance in almost all cases are term life insurance and have no cash value . Therefore , there is nothing to borrow from , just a death benefit at the insureds death . This is a great lesson as to why people should always purchase and own their own life insurance policy and view group life insurance as a bonus to heir beneficiaries . Very sorry to be the bearer of bad news . Good luck ! "}
{"input": "What Is Title XVIII Medicare? ", "output": "Title XVIII Medicare is the national health insurance program in the United States for aged and disabled persons . It was established in 1965 . People pay into Medicare through taxes while they are working , then are able to receive the benefits at a very low cost when they turn age 65 , or are disabled for two years , or a few other circumstances . "}
{"input": "What License Is Needed To Sell Long Term Care Insurance? ", "output": "A health insurance license is needed to sell long term care insurance . Also , there is a partnership long term care education course that is required to sell long term care policies . However , many of the same companies that offer life insurance are the ones that offer long term care insurance , in addition to some companies that mainly offer health insurance . "}
{"input": "What License Is Needed To Sell Long Term Care Insurance? ", "output": "To sell long term care insurance all states require a health insurance license . Some states like KY , require you qualify for both life and health insurance , as they do not have a health insurance license stand alone . There are other states like NC , that require a health license and a special long term care certificate with your health insurance license . It is always a good idea to check your resident state 's DOI website for specific requirements . "}
{"input": "How Long Does It Take For A Renters Insurance Claim Due To Theft? ", "output": "The goal of an insurance carrier is to process your claim as quickly as possible . In a theft there would be certain steps that would need to be fulfilled . A police report must be filed . The insured would have to fill out an inventory sheet of items stolen . Also the insured would need to be interviewed . Upon completion if there are no complications the insurance carrier would issue a check to the insured for the stolen items . Happy Shopping . "}
{"input": "What Does Long Term Disability Insurance Cover? ", "output": "Long term disability insurance covers prolonged periods of illness and injury by generating tax free income from the benefits of the policy . Benefits do not begin until the elimination or waiting period has been satisfied . Protecting your income when you ca n't work is an important part of defensive planning . "}
{"input": "What Does Long Term Disability Insurance Cover? ", "output": "Long term disability insurance is an insurance policy that is designed to cover lost income in case of an illness or injury so severe that a person can no longer perform the duties of their current occupation . You may use the benefits to pay your household expenses during this time of disability . These policies can be written from a couple of years of benefits paid all the way out to age 67 years old . "}
{"input": "How Are Distributions From Nonqualified Annuities Taxed? ", "output": "Non-qualified tax deferred annuities accumulate tax deferred . The distribution of gain in an annuity is taxable as ordinary income at the effective tax bracket rate of the annuity owner . The basis , or original contributions , are distributed tax free . The long term tax deferral for on-qualified tax deferred annuities can have a significant financial impact . "}
{"input": "How Are Distributions From Nonqualified Annuities Taxed? ", "output": "The premiums paid constitute the basis for the annuity . Income tax has been deferred on the earnings of the annuity . The first withdrawals from an annuity are considered earnings and are taxed as ordinary income . If this withdrawal is prior to age 59 the earnings are subject to a 10 % penalty . Once the earnings are exhausted the basis is returned tax free . If the withdrawals are in an annuity only a portion of the withdrawal is taxed as earnings . "}
{"input": "Is Disability Insurance Worth The Investment? ", "output": "If you were laid up and could n't work for three to six months , would you be able to meet your expenses and put food on the table ? Would you have to dip into the kids college fund to do it ? How will you pay your house payment and car payment ? How will you pay your health insurance premium ? You tell me - is disability insurance worth it ? "}
{"input": "Is Disability Insurance Worth The Investment? ", "output": "Considering the average US worker has 3 months worth of cash reserves , yet the average long term disability claim is 31.2 months , I 'd say Disability Insurance is more than worth it . If you can no longer work , you wo n't be receiving you usual paycheck , which in turn means you wo n't be able to make your usual payments -LRB- mortgage , bills , groceries , etc. -RRB- . DI pays a monthly benefit that can keep you afloat so you can focus on healing and getting back to work , rather than worrying about your finances . "}
{"input": "How Much Is Renters Insurance Per Month For An Apartment? ", "output": "How much renters insurance premiums are depends allot on what coverage 's you wish to purchase . You may be able to get a renters insurance policy for as low as $ 10.00 a month and go up from there . There are additional discounts if you package with your auto insurance carrier as well . "}
{"input": "Does Renters Insurance Cover Pet Damage? ", "output": "Renters insurance would not typically cover for any pet damage . This would typically be considered the renter 's responsibility or the owner of the animal responsibility . Please read your policy completely to understand the coverage that is provided and any exclusions that there may be within the policy or contact your local agent to have them go over the policy with you . "}
{"input": "Does Car Insurance Have To Be In Owners Name? ", "output": "When you lease a car you do not hold the title so you are not the ` owner ' of the vehicle . Your lease may require you to provide insurance on the vehicle . Your policy -LRB- in your name -RRB- names the lessor as additional insured for liability coverages and loss payee for physical damasge coverages . If an individual holds title to the vehicle and you want to insure it , you will most likely have to register the vehicle in your name -LRB- a form from the state 's DMV authorizes this -RRB- and obtain insurance to cover your registration and plates . In this instance you would also name the individual title holder as additional insured for liability and loss payee for physical damage . If they have a lienholder on the vehicle you will have to include the lienholder as first loss payee and the individual as second loss payee . Chec k with a knowledgeable agent or broker who writes auto insurance for specific details . Your state 's DMV can also provide information . Maske sure an insurance carrier will underwrite the policy should you want to insure a vehicle you do not hold the title to . "}
{"input": "Does Car Insurance Have To Be In Owners Name? ", "output": "In Connecticut , the car insurance policy needs to be issued in the same name as that which appears on the car 's title and registration . If you happen to have a car loan or are leasing , those interested parties will be listed on your policy in accordance with their particular requirements . "}
{"input": "How Much Should I Be Paying For Home Insurance? ", "output": "The amount of premium you should be paying for your homeowner 's insurance depends on how much coverage you have on your dwelling -LRB- and personal property etc. . . -RRB- , deductibles , type of policy , claims history and where you live . Many discounts -LRB- such as 55 and retired -RRB- may reduce your rate and that must be considered . You could pay as little as $ 250 per year or thousands of dollars per year . There are many variables that must be considered . "}
{"input": "Who Is The Usual Beneficiary For Life Insurance Policies? ", "output": "The usual beneficiary for life insurance policies depends on the type of policy . If a personal policy and the insured person is married , the usual beneficiary is usually the spouse . If a single person , the beneficiary is often a parent , romantic partner , or sibling . If a business policy , the beneficiary is often the business or business partner . If a policy to cover a loan , the beneficiary is usually a spouse with assignment to the loan company . "}
{"input": "Who Is The Usual Beneficiary For Life Insurance Policies? ", "output": "The usual beneficiaries of a life policy is the spouse or children however if a person has a financial interest as in business they to can be the beneficiary . . This is sometimes the case with a key man policy when a business co ers maybea FRi , top sales person based on their value to the business . "}
{"input": "Who Is The Usual Beneficiary For Life Insurance Policies? ", "output": "Great question ! The beneficiary is the person or thing -LRB- in some cases -RRB- that you wish to leave your money to . People typically leave it to a close family member , but there are people that leave it to , trust funds , churches , or charities . I remember not too long ago about reading about the lady in New York City that left her fortune to her dogs ... Thanks for asking ! "}
{"input": "Does A Condo Need Homeowners Insurance? ", "output": "There are policies specifically designed for condo 's . Most condominium associations require insurance and if there is a mortgage your bank will . The major difference is that the condo policy will only cover personal belongings and the interior of the building not covered by the association . The association generally covers the building itself . "}
{"input": "Does A Condo Need Homeowners Insurance? ", "output": "A condominium requires a special form of homeowners insurance . The title company will require evidence of insurance from the condominium association and from the individual borrowing money for the condo . The structure is the responsibility of the association and the interior is the responsibility of the condo owner . "}
{"input": "How Much More Is Health Insurance For Smokers? ", "output": "Starting in 2014 , insurance companies can charge you up to 50 % more for premiums than someone who does n't use tobacco . However it is not a given that because the federal government allows this rate band that it will effect you.For Instancehere in New Jersey health insurers will not be allowed to vary health insurance premiums based on smoking status . Bottom line is that premiums can not vary by morethan50 % because of smoking status and that the final decision on whether smoking status will effect premiums is left to be decided on the state level . "}
{"input": "What Does AAA Auto Insurance Cover? ", "output": "It is the same as every other Auto Insurance company . There is no real advantage one way or the other . You do get the discounts of Auto club membership but I think if you shop around you will find just as good rates or better with any company . But it certainly does n't hurt to check them out to see what the rates are . If they save you money then go for it ! "}
{"input": "What Are The Best Ways For Someone Under 30 To Start Planning For Retirement? ", "output": "First , take care of your risks - health insurance , car insurance , home/renters insurance , life insurance . Second , you need a stash of emergency cash . I make it rhyme so it 's easy to remember . $ 1,000 - $ 2,000 is a good start . Get a safe & start sticking it in there . Crap happens - someone in India wipes out your account and it takes a week or two to get the bank to give you back your money . Third , open a savings account and save at least three months of your household expenses but six months is better . Again , crap happens and if you have to change jobs , you may need a 3-6 month cushion to find another job . Fourth , max out your company 's 401k to the extent of the company matching . That means for every dollar you put in , you DOUBLE your money guaranteed . Fifth , this is where you get into long term financial planning . Do some networking , attend some seminars , ask friends . I personally like mutual funds & annuities but everyone will give you different answers . Find a plan that meets your risk tolerance and a company you trust . You will hear a lot of noise about fees but keep it in perspective - are you getting what you pay for ? It 's not like gasoline where you get the same gas no matter where you fill up so always look for the cheapest . Different products offer different services for different fees . "}
{"input": "What Are The Best Ways For Someone Under 30 To Start Planning For Retirement? ", "output": "This is a great question . . one that shows that you thinking ahead ! There are many options to consider , as there is no one right answer . You may wish to speak with a `` fee only '' financial advisor who can help you with your planning and review your options . Life insurance agents and investment advisors may have their own agendas . Each should be able to answer specific questions you have regarding their products and applicability in retirement planning . Each has appropriate products . Diversity is always a good idea . Remember that disability insurance , which will protect your income during your saving years , is vitally important . "}
{"input": "What Are The Best Ways For Someone Under 30 To Start Planning For Retirement? ", "output": "I will answer this question as a dad . First , take the advice of one of the richest men in the world , Warren Buffet . His advice Rule 1 `` do n't lose '' . Rule 2 `` refer to rule 1 '' . So cover your ass-etts first , buy yourself some decent insurance . if a calamity befalls you , you will not be financially out of the game . Somebody will suffer the calamity . It may be you . 1 . For free life insurance advice , go to www.lfehappens.org and figure out how much you need now . Then buy it . Today . You are not bulletproof . You likely have a friend your age that has died . No second chance . 2 . Car insurance . Since the average SUV you might hit costs lots more than the minimum coverages , do n't get minimum liability coverage . If you hit someone , and have less coverage than what you hit , you may end up paying for the rest of the SUV you hit out of pocket . While I am on it , buy a car you can afford to lose . Pay cash if you can . Cars are just the cost of getting to work . By paying cash , you can save 4,000 a year or more . A nice little pile . Remember : We fly around all day in 30 year old airliners . Airlines maintain their planes meticulously . Maintain your vehicle and it will last . Fall in love with your spouse and your children , not your car . 3 . Furniture , clothes , and other things do not go up in value . Pay cash for items that do not go up in value . If you ca n't pay cash , you ca n't afford it . Goodwill is open in every city . They always have some nice things . 4 . You do not need cable or Satellite . Netflix is 1/10th the cost . Save 1000.00 a year . 5 . Pack a lunch . You can go on a nice vacation with the 2,500.00 or so you will save over the year by not buying a 10.00 lunch . 6 . Do you really need the latest cell phone and unlimited data plan ? No , I did n't think so . 7 . Little piles make big piles . Only when you have saved something can you plan for retirement . The easiest way to make a good retirement possible is to cover your losses , and spend less . Once you have saved your backside risk and saved some capital , how you allocate your funds is less important than the discipline to do it . What gets watched grows in your life . Keep track of your money , using www.mint.com or some other software , and it will grow . when you have big piles , you will by then have the knowledge of how to keep the money working . Let me say it again . Little piles make big piles . Be disciplined . Do so , and you will be comfortable in retirement . I have faith in you . - dad "}
{"input": "What Are The Best Ways For Someone Under 30 To Start Planning For Retirement? ", "output": "The easiest answer is to `` do something '' . Save something . If your employer does n't provide a 401K match , open up a Roth IRA and make regular , periodic deposits to the account . An IRA or non-qualified annuity are fine too . If you are in business and have no employees , open up a SEP -LRB- simplified employer pension -RRB- . All of the latter have limits to the contributions and eligibility . You should consider setting aside your retirement contribution before you spend on anything else . I suggest saving 10-20 % , with half of these funds liquid in demand savings accounts but only to the point you have enough on hand to equal 6 months of your living expenses . Then move more of the money into a tax preferred account until you max out your contribution limits . You can use life insurance as an asset accumulation vehicle as well and as you age you may be able to violate the TAMRA and turn the policies into modified endowment contracts that can become cash cows you fatten up for the future . Do n't forget variable and fixed index accounts , and mutual funds and stock index accounts . This should give you enough food for research but I 'd start with safe accounts and build out with an eye on avoiding the ravages of taxation until the government says you have met the limits of the tax preferenced acounts . Good luck . Oh , by the way , the longer you wait to start the harder it will be to accomplish money enough for retirement . I can prove mathematically that someone who starts today and maximizes their contributions for ten years can not be eclipsed by someone waiting for ten years and starting the same process even if you quit and all other factors are equal . It 's true , so , get started and good luck . You may be relying upon yourself more in retirement than you know today . "}
{"input": "What Are The Best Ways For Someone Under 30 To Start Planning For Retirement? ", "output": "What are the best ways for someone under 30 to start planning for retirement ? Well first get out of the planning phase and start the doing phase . Getting the habit of saving going is the best thing you can do for yourself . Time is the most important and actually cheapest thing you can invest . People say they will start saving when they pay off debt , but most people will carry some sort of debt throughout their working lives and beyond . Save and pay down debt . Getting the habit early means actually using less money . The advantage of starting early is that you can do several things over time with different risk and reward profiles . You have time to pick and use safe , moderate and high risk investments because time works in your favor . Waiting until your older actually forces you into more risk situations as you try and make up for time by choosing higher risk investments because you need a high return . Getting started young , building your safety net allows you to take some risk because you have a fall back position , not a desperation position . "}
{"input": "What Are The Best Ways For Someone Under 30 To Start Planning For Retirement? ", "output": "Under 30 retirement planning ! Great ! And the answers above are all good . One thing I did n't notice in the above answers was that Whole Life insurance can be your best start all around . Whole life builds cash value that can be used for retirement income . Of course if you 're married and or have children the life insurance itself is a protection for your family in case you die . And before anything else you need that protection . So even if you are n't married or have kids and never are or do , whole life has Guaranteed cash value growth that you do n't get with other investments , so you can count on it . And you do n't pay income tax on the growth ! And if you do the smart thing and buy whole life from a Mutual company you can also have dividends added to your cash value while at the same time buying more insurance - without ever having to have another medical exam ! Then in retirement you can have the cash value paid to you monthly , quarterly or annually to supplement whatever else you have for retirement income . "}
{"input": "What Are The Best Ways For Someone Under 30 To Start Planning For Retirement? ", "output": "I love that you are thinking ahead - good job ! Planning for retirement is so important and unfortunately too many young people are not thinking about it yet . There are many steps you can take to put a retirement savings plan together . As mentioned above , 401k and IRA are great vehicles for building retirement savings accounts . Of course , learning healthy savings habits is going to benefit you in the long run . Doing so will make you eligible to obtain an annuity as an additional retirement planning tool that will provide you with a series of payments you can not outlive . Another strong piece of advice for planning your future security - get a life insurance policy . Yes , now . It 's great if you have life insurance as a benefit through your employer HOWEVER , it is so important to have at least some whole life coverage that you own , in your name . Be sure to read the fine print of your work 's life insurance . Also , be aware that your employer can change or take away that coverage at anytime . Qualifying for life insurance at a young age means you will be locked into the lowest rate available to you . The older you get , the more at risk you become and the more you will be paying . There are many different types of policies so be sure to speak to your agent to find what is best for your needs . Good luck ! "}
{"input": "What Are The Best Ways For Someone Under 30 To Start Planning For Retirement? ", "output": "Diversification is the key . The 401 and Roth plans are still solid performers ... but you might want to look at annuities and IUL products . IUL products usually outperform the 401 k products over time and put more cash in the pocket . North American is someone to talk to that comes to mind . "}
{"input": "What Are The Best Ways For Someone Under 30 To Start Planning For Retirement? ", "output": "In a phrase , comit to putting a set amount of money into an account each month . That said , check to see if your employer has a 401 -LRB- k -RRB- plan which you can start contributing to , especially up to what the employer is matching . If this is not available then next I would recommend setting up a Roth IRA . Now , the next big question is who to go to in order to set these up ? If you are using the 401 -LRB- k -RRB- , then work through your employer . If you are setting something up outside of the 401 -LRB- k -RRB- , then you might look to working with a registered representative who can give you accurate information on an investment which suites your needs the best . Let me know if you have any other questions . "}
{"input": "Why Would I Be Refused Life Insurance? ", "output": "Someone can be refused life insurance for a number of reasons . The most common reason is having a health condition that is not accepted for the policy you applied for , or your health condition is not as controlled as the life insurance company would like to see it . It does not mean you do not qualify for ANY policy , it just means that you may need to apply elsewhere and possibly take less and/or pay more . Other things besides a health condition that can cause life insurance to be declined are : participating dangerous hobbies such as motorcycle racing , having gone through recent substance abuse treatment , having a recent bankruptcy , or plans to travel to an unsafe country . Also , there are age restrictions . If declined , do n't despair and do n't give up until you 've explored more options . A good impaired risk life insurance agent will be of great assistance . "}
{"input": "Can I Switch Auto Insurance In The Middle Of A Policy? ", "output": "Auto insurance is an at will product . This means that you can change carriers at any point that you wish . You will have to pay your premium to the carrier you are signing with and then inform your current carrier to cancel your policy effective the start date of the new policy . Your current carrier should refund any unused portion of the premium that you already paid for the current term . "}
{"input": "Can I Switch Auto Insurance In The Middle Of A Policy? ", "output": "You absolutely can cancel an auto policy mid-term . Then that auto insurance company must give you back any `` unearned '' premium , for which they are not entitled to . They can only keep money that they have `` earned '' while insuring you and your auto . Do n't let anyone tell you anything differently than that . "}
{"input": "Can I Switch Auto Insurance In The Middle Of A Policy? ", "output": "Insurance companies do n't force anyone to keep a policy in force regardless if it is auto , home , life , disability , long term care , health , business , workers ' compensation , etc. . However , type of policy and state where you are located can make a difference in how the cancellation is calculated . With an auto policy , you would want to contact the company or your insurance professional to determine if the cancellation is pro-rated or short-rated . Pro-rated means the company will only charge you premium for the days used . A short-rated calculation provides for a penalty . This information is also included in every policy contract . "}
{"input": "Can I Switch Auto Insurance In The Middle Of A Policy? ", "output": "Yes . You can switch auto -LRB- home , renters commercial or most any other -RRB- insurance at anytime . Some companies may charge an early termination fee , but must do not . You should receive all of your unused premium back . Your insurance policy or your agent or broker should have information on early termination fees . "}
{"input": "Can I Switch Auto Insurance In The Middle Of A Policy? ", "output": "You can switch your auto insurance in the middle of a policy period . But unless your savings is enough to offset ant early cancellation penalty , you may want to wait for the renewal . To determine if it is wise to cancel early , a licensed and registered broker can help you determine the viability of changing and whether it makes prudent financial sense . "}
{"input": "Can I Switch Auto Insurance In The Middle Of A Policy? ", "output": "You can switch auto insurance in the middle of your term . That is , if you have a 6 or 12 month policy where the rate is guaranteed during that time , you can change companies . If you paid ahead , you may receive a short-rated refund , depending on the timing and carrier . If you shop a top auto insurance website , you will be able to view multiple quotes from the most reputable companies and perhaps save money . An experienced broker can do the shopping for you so you do the saving . What a great concept ! "}
{"input": "Is Corporate Owned Life Insurance Ethical? ", "output": "A corporation operates as a person and as such can buy life insurance . They can only buy life insurance on someone with whom they have an insurable interest . They can not select someone at random , purchase insurance on them and then hope that they die soon . A corporation would suffer a loss if a key person were to die prematurely . The corporation may have other obligations such as buying back the shares of a deceased shareholder . There are many reasons that a corporation can and should purchase life insurance . "}
{"input": "Is Corporate Owned Life Insurance Ethical? ", "output": "That 's a great question ! I 'm sure we 'd all agree that we expect all businesses to operate ethically , and with the best of intentions . So I guess your question comes down to one of two things - is life insurance a scam ? Or does the life insurance my company supplies as a part of my benefits package need to be there ? In either case , the answer is that life insurance is a blessing . It is a certainty that you will die . Tough , but true . If your employer provides life insurance for you , and you 've opted to take it and die while employed , that benefit can be a big help in paying for your funeral and providing for those you 've left behind . That is true for the independent policy that you hopefully purchased from a reputable , well respected insurance company . -LRB- And went over thoroughly with an agent that you trust . -RRB- Are there fly by night or poorly managed companies out there that may skirt the edges of ethical integrity ? I 'd like to believe not , but there seems to be a bad apple in every bunch , so it is well for you to look into any company and agency before signing anything . And put stock into the old saying `` if it sounds too good to be true , it probably is '' ... That said , I am sure that the number of ethical agencies far far outweighs the bad ones . Hope that helps ! Any questions , please hit the contact me link , I 'm happy to help . Thanks for asking ! "}
{"input": "Is Corporate Owned Life Insurance Ethical? ", "output": "In a word yes . It might be easier to think of the Corporation as a separate tax paying entity . There are a number of reasons when the corporation would need or be justified in purchasing life insurance . They include : key person , buy-sell agreements , executive retention . The company would suffer an economic loss and it is prudent for the company to own life insurance . The ethical question has to due with intent . In Canada , if an individual ; is getting a benefit and the company is not getting value from the purchase of a life insurance policy there are issues . May or may not be ethical , but it probably will be a taxable benefit to the individual . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "Is Corporate Owned Life Insurance Ethical? ", "output": "The simple answer is `` Yes ! '' Corporate Owned Life Insurance -LRB- COLI -RRB- is ethical . However , in recent years , because of some of the abuses , it has become more scrutinized in its uses . There are many valid reasons for using COLI . It could be very important to a company if a key person in their company died . In some cases , it would take months or years to replace that person with a specific skill set ; so COLI maybe purchased to offset the loss . It may also be used as `` golden handcuffs '' , where the life insurance builds cash value for a future date to pay executive retirement beyond a 401k . This can be done formally , through legal documents -LRB- the IRS even identifies it by code number much like `` 401k '' -RRB- . The unethical part came into play when companies purchased life insurance of people where they had no insurable interest -LRB- in other words would not be at risk of significant loss by the death of the person insured under the policy -RRB- . For example , CompanyZ purchased COLI on all of its 22,000 employees - from executives done to the maintenance.When a rank-in-file employee died , Company Z kept the death benefit , giving them a tax free benefit . The courts decided that Company Z did not have an insurable interest and required them to pay the family the death benefit . The policy was clearly determined not to be COLI but to be STOLI -LRB- Stranger Owned Life Insurance -RRB- . "}
{"input": "Is A Life Insurance Beneficiary Responsible For Debt? ", "output": "No , although creditors may find out you received the tax-free death benefit and try to convince you that you have to pay the debt of the one who passed away . IF debt is owed , that is where probate comes in . Generally the proceeds received from a Life Insurance policy are free from probate . Probate will go after the Estate and may decide that some of the monies in the estate , ie . the sale of a house , car , etc. . go to pay that past debt . "}
{"input": "Is A Life Insurance Beneficiary Responsible For Debt? ", "output": "If you were a cosigner for the debt that was incurred by the person who died , then you will most likely be responsible to repay the debt with the life insurance proceeds that were left to you . If you did not share in the debt that was incurred by the person who died , then the life insurance money that was left to you belongs to you . "}
{"input": "Is Gerber Life Insurance Legitimate? ", "output": "Gerber Life is a `` legitimate '' life insurance company in that it is domiciled in the state of NY and is located at 1311 Mamaroneck Ave. , White Plains , NY , 10605 , 914272-4000 , and is licensed to do business in all 50 states and Canada . They list six product groups on their website , WEBSITELINK , includingthe onlyendowment life policy that is also an adult life insurance policy . It 's called the Gerber Life College Plan and has been their flagship policy for a long time . They are definitely a niche carrier , targeting the parent and grandparent market . Their contracts have many guaranteed features that appeal to those that do n't want to take any chances that their insurance might lapse or diminish in value over time . I have worked with their service teams on a few occasions and they are knowledgeable and very customer-oriented . The have been rated `` A '' , AM Best 's third-highest financial rating , and `` A - '' by Weiss , which is their 3rd best rating as well . Both of those ratings are within the `` Excellent '' range of both rating services . That gives them a Comdex of `` 80 '' , which means that 80 % of all financially-rated carriers are ranked below them . If by `` legitimate '' you are referring to their contracts being of real value , or if can you trust a life insurance company that is also a baby food company , you may want to do more research . From and industry point of view , they are legitimate . "}
{"input": "Does Medicare Cover Urinalysis? ", "output": "A urinalysis is a test of the urine . This test is covered under Medicare part B . You will need to have a provider that takes Medicare as a deemed provider . Medicare Part B has a deductible and coinsurance . If you have a Medicare Advantage plan you will have a copay as well . "}
{"input": "Can I Get Medicare If I Am Unemployed? ", "output": "Yes , you can get Medicare if you are unemployed , as long as you are age 65 or older and have paid in to Medicare long enough over the years to qualify for Medicare benefits -LRB- 40 quarters -RRB- . Medicare is based on turning age 65 , so even if you retire under age 65 , you must normally wait until you are age 65 to receive Medicare . "}
{"input": "Is Health Insurance Included In W2 Wages? ", "output": "Many employees have been surprised and concerned to see the value of their employer provided health insurance being reported on their W2 's . This is a requirement of the Affordable Care Act . Under transitional relief guidelines issued , so far only employers who issue 250 or more W2 forms in a calendar year are required to report this information . Eventually all employers who provide health insurance to their employees will be required to report this information on the employee 's W2 . This reporting of the employer paid amount for health insurance is for `` informational '' purposes only and is not being added to the employee 's gross income for income tax purposes . There are some skeptics who see this as a precursor to the eventual tax treatment of employer paid health insurance as employee income at some future date but at this time there is nothing in the Affordable Care Act or any pending legislation that would do this . Where this reporting of employer paid health insurance will become a tax issue will be in 2018 when the `` Cadillac Tax '' portion of the health care law goes into effect . The Cadillac Tax will be a 40 % excise tax imposed on health insurance plans whose annual premium costs exceed $ 10,200 for an individual or $ 27,500 for family coverage -LRB- these amounts will be indexed for inflation -RRB- . So , an employer in 2018 who finds themselves with health plan premium levels exceeding these amounts will be assessed a 40 % tax penalty . While such annual premium amounts may seem unreachable by many persons in 2014 . In some areas of the country , and especially with some very rich collectively bargained plans , total costs are already coming close to these trigger points . When one observes the increases in group health insurance plan costs already triggered by the requirements of the Affordable Care Act in 2014 and applies projected inflationary trend increases over the next few years it becomes much easier to estimate that a larger portion of employer based plans could find themselves subject to this tax penalty . This is one of the underlying motivations for more employers to move to high deductible health insurance plans in order to reduce their premium costs . "}
{"input": "What Are The Benefits Of Disability Insurance? ", "output": "The benefits of having disability insurance during times of prolonged sickness or injury can be significant , especially if you 're like most Americans who have 90 days in case reserves . The benefits of disability is the tax free income it generates to keep your bills paid and allow you to live close to your lifestyle while disabled . "}
{"input": "Does Estate Include Life Insurance? ", "output": "Yes , your estate does include life insurance . While you are alive , it just includes the cash value available in your policy or policies . After death , the life insurance proceeds paid out to beneficiaries are included in the value of the estate . If a spouse is alive , there will not be any estate tax consequences . It is when the surviving spouse dies that the life insurance proceeds on that spouse can a taxable event -LRB- or if the first spouse to die left insurance money to the second to die , and those proceeds had not been spent or distributed when the second spouse died -RRB- . "}
{"input": "When Can I Change My Medicare Part D? ", "output": "You can change your Medicare Part D prescription drug plan during the annual enrollment period , October 15th - December 7th of each year . You may be able to enroll in a new Medicare Part D plan at other times during the year if you qualify for a special enrollment period . "}
{"input": "Where Do You Buy Renters Insurance? ", "output": "You buy a renters insurance policy from a trusted insurance agent . If you dont have an agent get recommendations from your friends , colleagues and neighbors . The agent should listen to you , provide sound financial advice and communicate clearly with you and the insurance company . The agent will help you choose appropriate limits of coverage . The time of loss is not the time to discover that your limits were not adequate . "}
{"input": "Can I Get Life Insurance If I'm Pregnant? ", "output": "There are some No Exam policies that will accept application for life insurance at any stage of pregnancy , and at reasonable price . If applying for a policy with medical underwriting , most companies will postpone until after the baby is born if in the third trimester . Up until then , the best rate class is possible . "}
{"input": "Does Edward Jones Offer Health Insurance? ", "output": "This is a good question . The employer will normally determine employee eligibility . Some factors are full or part time , hours worked and there may be a waiting period . You can apply for your own individual health plan and if you change careers you wo n't have to worry about your health plan terminating with your job . "}
{"input": "Does A Mother's Health Insurance Cover A Newborn? ", "output": "If the mother notifies her health insurance carrier on a timely basis , usually within 30 days of the birth , the newborn should have coverage under the mother 's health insurance plan . Check your policy for the exact notification time frame . Once approved , the coverage should begin at birth even though you are notifying the carrier after the fact . "}
{"input": "What Is Supplemental Executive Retirement Plan? ", "output": "A supplementae executive retirement plan or SERP is a form of non-qualified deferred compensation . Since the planned is non-qualified , the employer has the ability to select who participate in the plan -LRB- i.e. they can choose to offer such a plan only to a select number of employees and do not have to make the offer to everyone -RRB- . Traditionally the plans are set up as additional retirement benefits to an employee who is highly coveted by the employer . The plans are used as an incentive to keep certain key employees and disuade them from leaving the employer . The retirement benefits offered under the plan are only payable to the employee if he or she stays at the employer for a certain period of time , which can be a rather longer period of time . "}
{"input": "What Is The Difference Between A Variable Annuity And Variable Life Insurance? ", "output": "A variable annuity is a tax-deferred retirement vehicle that allows the owner to choose from an offered selection of investments . When annuitized , it pays out a stream of income to the annuitant . The investments you choose for your variable annuity can increase or decrease in value and that means the overall value and your payout will follow . While a variable annuity can offer a nice upside , there is risk and if the investments inside the annuity decline in value , your payout will be decreased . A variable life insurance policy is a form of permanent life insurance offering a death benefit to your beneficiaries upon your passing . A portion of the premium you pay for a variable life insurance policy goes toward the insurance , a portion toward various investments that the owner of the policy chooses and a portion goes to cover associated fees related to the management of the investments . The variable life insurance policy owner will be given options for the investments , generally mutual funds . As the value of those mutual funds go up and down , the cash value inside your policy follows . There are many options to variable annuities and variable life insurance products that should be considered before purchasing . "}
{"input": "How Does One Get Disability Insurance? ", "output": "Besides getting Disability Insurance from a local agent , you can find a trusted website that will shop multiple carriers for you . E.g. . Our agency uses Disability Insurance Services to find the best quotes and companies for our clients . If you look your policy through a personal website that treats you well , they can serve you for many years to come . Many people find that online agencies are more prompt in answering service requests than contacting their original agent . But of course , both options are good . "}
{"input": "How Does One Get Disability Insurance? ", "output": "You can receive disability insurance by finding a Life agent in your area or online . It 's nice to have someone in your area that you know so that they can be around to help should you ever need to file a claim . They 'll be able to shop around for you and find quotes from multiple carriers . Be sure you ask to see multiple offers and have your agent explain the different provisions on the policy . Sometimes the bells and whistles seen great , but depending on your occupation , they might be unnecessary . If you have a specific insurance company in mind , they can usually refer you to an agent who is already appointed with their company . You can also look for an disability insurance wholesaler who can put you in contact with an agent in your area that they already know and trust . "}
{"input": "How Much Is Typical Home Insurance? ", "output": "A typical home insurance policy has several pricing points . The first is the location where the property is located . Another factor is the amount of money it would take to rebuild the same structure . Other factors include the amount of liability protection desired and the claims history of the applicant and the home . It is wise to get a quote on homeowners insurance prior to purchasing a home . Occasionally there are reasons that the home doesnt qualify for standard insurance . That could increase the cost of home ownership . "}
{"input": "Will Medicare Pay For Liposuction? ", "output": "Medicare does not cover liposuction as its considered a cosmetic procedure , even if you have an underlying medical condition related to weight . Some bariatric surgeries may be covered depending on medical necessity , such as a gastric bypass or gastric banding . If youre unsure whether your specific circumstances for a procedure would be covered by Medicare , you can contact Medicare directly to find out if the procedure would be covered . When procedures are covered by Medicare , they typically only pay for about 80 % of the covered healthcare expenses . A Medigap plan can cover all or a portion of the other 20 % . If you do not have one in place already , I would suggest considering the purchase of one . I hope the information is helpful - please feel free to contact me for assistance with your program and if you have any further questions . Thanks very much . "}
{"input": "Will Medicare Pay For Liposuction? ", "output": "Medicare only pays for procedures that are necessary to preserve the health or life of the patient . Medicare does not pay for surgery , medication , procedures , or treatments that are solely for cosmetic purposes . Thus , Medicare does not pay for liposuction as it is used for cosmetic vs medical purposes . "}
{"input": "Does Medicare Cover Post Op Shoe? ", "output": "Medicare Part B covers one pair of therapeutic shoes or inserts as durable medical equipment -LRB- DME -RRB- each calendar year . "}
{"input": "What Is A Tax Qualified Long Term Care Insurance? ", "output": "Tax-qualified long-term care insurance -LRB- TQ -RRB- pays out a benefit to qualifying insureds that is not taxable as ordinary income . Virtually all long-term care insurance policies sold today are TQ . But , some carriers still sell policies that are non-tax qualified -LRB- NTQ -RRB- because such a policy does not come under the same regulation as a TQ policy . The argument by some is that with an NTQ policy it is easier for the insured to qualify for the payment of long-term care costs . The language of the NTQ policy may also be more generous with regard to benefits , features , and riders . Whether those factors would be worth the possible taxation of the benefits is debatable . "}
{"input": "When Does A Life Insurance Policy Go Into Effect? ", "output": "If a life insurance policy is medically underwritten , it will go into effect after the policy is approved and issued and delivery requirements are received . If it is a No Exam policy , the policy can go into effect as soon as the policy is approved , which could be as short as hours after applying . You must be sure to have enough money in your checking account to be drafted as soon as a No Exam policy is approved . "}
{"input": "When Does A Life Insurance Policy Go Into Effect? ", "output": "Most life insurance companies also offer temporary insurance which can start when the application is submitted with a premium . Most carriers require 2 months premium payment and a signed temporary insurance agreement to put the coverage in effect . If the client does not take the insurance policy for any reason , or it is not approved , then they will get a refund of the initial premium . "}
{"input": "When Does A Life Insurance Policy Go Into Effect? ", "output": "Life insurance usually goes into effect after the policy has been accepted by the insured and payment received by the insurance carrier . Coverage can also be in effect in a temporary manner prior to policy issue while underwriting is in progress . Companies will accept a conditional receipt along with first month 's premium with the application and apply that coverage for 60 to 90 days depending on the company.Some will provide coverage from the application it 's self and others after the medical exam is completed . It can be different in many situations . Please read the temporary receipt before you sign it to see if it seems reasonable to you . "}
{"input": "When Does A Life Insurance Policy Go Into Effect? ", "output": "A life insurance policy goes into effect after the application has been submitted , the underwriting has been completed , the life insurance approval has been made , the policy has been issued , and the policy holder and insured person have signed any necessary delivery requirements and made the first premium payment by check or auto draft . "}
{"input": "When Does A Life Insurance Policy Go Into Effect? ", "output": "When the life insurance company has reviewed your application it will make a decision on whether to make you an offer , postpone the offer or decline the offer . If they offer you a price tag that you feel is fair , then you accept the offer , write a check for the modal premium agreed upon and sign the delivery requirements to put the policy in force . "}
{"input": "Does A Roth IRA Double Every 7 Years? ", "output": "The fact that it is a Roth IRA is irrelevant . The doubling of an investment has to do with the interest rate it is earning . If you use the Rule of 72 , a formula by Albert Einstein , it is a great measurement of doubling money . The rule is simple , divide the number 72 by the interest rate you are receiving -LRB- 72/10 = 7.2 -RRB- , and you will find the number of years it will take to double your money . It is called the Rule of 72 because at 10 % interest , the money will double every 7.2 years . So in order to double your Roth IRA every 7 years it must be earning just over 10 % . This is a very aggressive estimate with current interest rates around 1 % to 2 % . "}
{"input": "Will Homeowners Insurance Drop Me? ", "output": "Your insurance policy has a specific term . The company is not obligated to renew the policy for another term . Most do . The company can cancel the policy before the end of the term if they suspect fraud or determine that there is an unsafe condition present . The company might conduct an inspection that uncovers conditions that require repair to avoid cancellation . "}
{"input": "Where Should I Buy Critical Illness Insurance In New Jersey? ", "output": "I can sell policies in New Jersey and in New York . There are many companies that offer this coverage . Some plans may be different than others however they do serve their purpose . I work with all major carriers which is best to give you the best coverages at the best rates . It is best to speak with a licensed agent to obtain a specific coverage option . I am licensed and I have many plans from the top carrier for this coverage . "}
{"input": "Where Should I Buy Critical Illness Insurance In New Jersey? ", "output": "It is health insurance companies that carry critical illness insurance , so you can go to any business or website that offers health insurance to find critical illness insurance in New Jersey . Anyone answering questions about critical illness insurance on this website would also be a good resource to use when going to purchase it . "}
{"input": "Where Should I Buy Critical Illness Insurance In New Jersey? ", "output": "Critical illness insurance provides a tax-free lump sum payment if youre diagnosed with a illness covered by your insurance policy . It can pay your mortgage , debts , or home retrofit to accommodate your medical condition . You should be able to go online to a brokerage firm that offers several critical illness policies to select the one that is right for you . "}
{"input": "Where Should I Buy Critical Illness Insurance In New Jersey? ", "output": "I am a Insurance Broker practicing in New Jersey , I would be more then happy to help you . I can answer any questions you have , provide you with your options , and enroll you in a plan of your choosing . Please send me an email or give me a call - Christopher@Lawrence-Financial-Consulting.com -LRB- 609 -RRB- -453 -4359 "}
{"input": "How Much To Pay For Homeowners Insurance? ", "output": "How much should you pay for homeowner 's insurance ? It depends on many variables including the coverage on the dwelling , personal property , liability and other items . Naturally , where you live and what the home is insured for will play major roles in determining the premium . I know ... You want a price . How about between $ 200 and $ 1500 per year . It 's a huge range but by contacting a broker , within minutes , we can provide an exact rate . "}
{"input": "What Is The Best Life Insurance For My Parents? ", "output": "Many questions must be answered before we could really honestly answer this question age , health , assets , liabilities , investments etc. . So what I am saying is find a planner and be willing to lay it all on the line and let the planner search for you the best way to go . With the economy being down you are thinking on the right path be patient and search . "}
{"input": "What Is The Best Life Insurance For My Parents? ", "output": "That 's almost a `` trick '' question ! How old are your parents ? What would be the primary purpose for this policy ? Do they have any existing life insurance ? So really then what is the best life insurance for your parents depends on their objectives , their age and what they can afford . My best advise on this would be to consult with an insurance adviser that is not tied to just one provider . And make sure you understand the benefits and length of coverage of any policy you are considering . "}
{"input": "What Is The Best Life Insurance For My Parents? ", "output": "The best life insurance plan for your parents is the policy that accomplishes their goals . It really depends on the need for life insurance . Do they have debt to be repaid ? Do they need to shelter some money for retirement ? Or do they just need enough to cover their final expenses ? Answering these questions will determine the type and amount of life insurance your parents need . "}
{"input": "What Is The Best Life Insurance For My Parents? ", "output": "When adult children are looking for life insurance for their parents , I find that that most common scenario is this : 1 -RRB- The parents are OK with their children doing the research , but are not crazy about doing it themselves , or may be unable to tackle that task for health or cognitive reasons . 2 -RRB- Children are usually looking for a final expense policy that will take care of their parents ' funeral and burial costs , pay off misc bills that may be present at death , and pay costs of settling the estate . 3 -RRB- The parents may go along with a minimum amount of underwriting , but may balk if there is an exam required . If that is the type of scenario you are presented with , I recommend getting a simplified issue whole life insurance policy . If your parents have serious health issues , they may need to go with a guaranteed issue whole life policy that is graded during the first 2-3 years . You will need to sit down with your parents to get their list of medications and health conditions , then contact an agent who understands final expense insurance to see if they can qualify for a simplified issue whole life policy that pays 100 % from day one for death by any reason . Some tips : 1 -RRB- You will want to go with whole life because it is certain to be in effect when death occurs , as long as premiums are paid . 2 -RRB- Look for a policy that has premiums locked in . Surprisingly , some very popular policies offered to seniors have rates that go up as they age , often making them unaffordable just at the time when they are needed . 3 -RRB- If your parents do n't want to do a telephone interview , you can get them a guaranteed issue policy that does not require a phone interview . Best wishes and please do not hesitate to contact me or other life agents on this website for assistance . "}
{"input": "What Is The Best Life Insurance For My Parents? ", "output": "The underlying issue normally for this question is paying final expenses . If that is correct then permanent insurance is the only policy to consider because you do not know when they will die . I normally prefer whole life in this situation as it has guarantees that are easy to understand . To do this , children need to obtain the cooperation of the parents . "}
{"input": "Who Needs To Buy Long Term Care Insurance? ", "output": "Those who need to buy long term care insurance are those who have assets that they wish to leave their heirs , such as farms , substantial investments , or commercial real estate . However , those with great wealth may wish to fund their own long term care . Some people buy long term care to keep their families from having to worry about them , or to ensure that they will have a say in the type of care they get . "}
{"input": "Who To Buy Renters Insurance From? ", "output": "Buy an insurance policy from an agent that you trust . Ask your friends , neighbors and colleagues for recommendation . Listen carefully to the recommendations of the agent . Makes sure the agent records the information that you provide and then transmits that to the company . Make sure that the policy is exactly what you ordered . Although the initial premium is important the acid test will be the limits of the policy when a claim arises . You can skimp on coverage now and wake up with a terribly headache when you experience a major claim . "}
{"input": "Who To Buy Renters Insurance From? ", "output": "Great question ! Almost all major insurance companies offer some form of renters insurance , so there are plenty of policies to choose from . I 'd recommend that you find an independent agent to help you find the best policy for you . A tip ? Ask for `` replacement value '' versus `` actual cost '' when you look . You will appreciate the difference if you ever need to file a claim . Anything else that I can help you with , please feel free to contact me , I 'm happy to help . Thanks for asking ! "}
{"input": "Is Globe Life Insurance Legitimate? ", "output": "Globe Life Insurance is a small 3 billion asset life insurance company with ratings from the following rating services . A.M. Best -LRB- Best 's Rating , 15 ratings -RRB- A + -LRB- 2 -RRB- , Standard & Poor 's -LRB- Financial Strength , 20 ratings -RRB- AA - -LRB- 4 -RRB- , Moody 's -LRB- Financial Strength , 21 ratings -RRB- , Fitch Ratings -LRB- Financial Strength , 21 ratings -RRB- A + -LRB- 5 -RRB- , Comdex Ranking -LRB- Percentile in Rated Companies -RRB- 92 Asset Analysis as of July 3 , 2013 . "}
{"input": "Is Globe Life Insurance Legitimate? ", "output": "Hah ! Interesting question and it makes me wonder what you 've heard ... Globe Life Insurance Company is indeed a registered insurance company so it conforms to the standards of practice mandated by the law . Therefore it is a legitimate company . I have heard some things about their products and service that make me wonder if they are a good choice , but I have had no personal experience with them . I always recommend that you consult with an insurance adviser / broker that can explain the different products and their benefits and drawbacks to you before you decide which way to go . "}
{"input": "Will My Friend's Insurance Cover A Tree Falling On My Uninsured Boat? ", "output": "You would be looking at paying for the repairs out-of-pocket . Insurance on a vehicle only covers the vehicle -LRB- s -RRB- designated for the coverage . For example , your friend 's insurance would only cover vehicle -LRB- s -RRB- covered under his plan , which from your information would indicate your boat is not covered . Some policies may have liability coverage if the insured person 's property damaged someone else 's property , but that does not appear to be the case here . Given that a tree fell on it , your boat would only be covered if you had insurance on it . "}
{"input": "Will My Friend's Insurance Cover A Tree Falling On My Uninsured Boat? ", "output": "Actually , that depends upon a couple of factors . Your friend apparently has homeowners ' insurance which would include liability coverage , so one factor seems to be met . The question then becomes about the condition of your friend 's tree . If the tree is healthy and is just taken down or damaged in a passing storm , then your friend 's policy would not cover the damage to your boat . If on the other hand , the tree is dead or diseased AND your friend knows it AND has done nothing to remove or have the affected branches pruned away , your friend would be seen as negligent . If that is the case , then the liability portion of his Homeowners ' policy would provide coverage . "}
{"input": "Is Plastic Surgery Covered By Health Insurance? ", "output": "The new ACA -LRB- Affordable Care Act -RRB- covers many additional expenses that were not previously covered . Plastic surgery is typically covered on most 2014 plans if it is a result of an illness or injury . Cosmetic surgery can be covered in many ways , depending on the company and plan you choose . As experienced brokers , we shop the top-rated companies and find the policies that provide the coverage you need . Under new legislation , there are no medical questions or physicals , and your acceptance is virtually guaranteed . "}
{"input": "Do Annuities Have RMD? ", "output": "A tax deferred annuity is an insurance product . RMD is an acronym for required minimum distributions at age 70\u00a01/2 in a qualified plan . You can have an annuity in a qualified plan as a funding vehicle . At age 70\u00a01/2 , you would have to take required minimum distributions from your annuity -LRB- if that 's the only product in your plan . -RRB- "}
{"input": "Do Annuities Have RMD? ", "output": "To build on what Steve wrote . Annuities can be a great tool to satisfy the RMD requirement . A Fixed Annuity can be `` Annuitized '' , meaning they take a portion , or all of the funds and create a yearly or monthly income to pay you for the rest of your life . This Annuitization will satisfy the RMD requirement . it will also maximize the amount of income you receive when compared to taking the standard RMD withdrawals . This can be accomplished through Annuitizing a Deferred Fixed Annuity , using an Income Rider on an Indexed Annuity , or transferring funds into a Lifetime Income Annuity . "}
{"input": "Does Renters Insurance Cover Gifts? ", "output": "It may provide some limited coverage that may be subject to your policy deductible . Please rember every policy is different . Read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Does Renters Insurance Cover Gifts? ", "output": "Renters Insurance covers any personal property or personal property of others in your care , custody , and control from various named perils listed i your policy . If a gift is stolen or is damaged by one of the other perils mentioned it would be covered subject to the deductible in your policy . "}
{"input": "How To Compare Home Insurance Rates? ", "output": "The objective of purchasing a homeowners policy should be to protect you against an unsustainable loss . The most expensive homeowners policy is the one that is inadequate when a loss occurs . The cheapest homeowners policy is the one that pays what you expect it to pay . Many think that by shopping they will save money , where the real issue is level of protection and that is very difficult to shop for . Get an agent and trust the agent to do what is right for you . "}
{"input": "How To Compare Home Insurance Rates? ", "output": "This topic must be approached with great caution !!! Those shopping for home insurance most usually get involved in a self inflicted scam of shopping unlike products and end up making a final decision on something other than their goal ! It is very difficult to compare like coverage between insurance carriers ; thus allowing a true similar comparison . Carriers sometimes offer different deductibles , different coverage limits and different endorsement options . Depending on the customer 's needs , it is often that an important item goes unchecked in haste to complete the transaction . We recommend shopping for insurance not more frequently than once every three years and taking at least an hour to go over the coverage in detail before making a change of carrier.In today 's economy , there are clients that spend 10 - 15 minutes each and every year and simply contact someone after receiving an advertisement of a lower rate ; the topic of coverage goes untouched and the client saves $ 20 over the prior carrier 's premium . The truth will come out when there is a claim and the client questions why he/she did n't have the necessary coverage ; please do not fall into this trap - it defies the purpose of purchasing the insurance coverage in the first place . In some of these ` rush ' cases , it is also possible that following an inspection of the property , the carrier legally makes necessary changes and the client ends up with a higher premium than what they originally had with the prior carrier . It is prudent to purchase insurance at least one month ahead of the desired effective date to give the new carrier time to order an inspection and send notice of any changes which the homeowner may decide against . This would also allow you time to pay your renewal and continue with the prior carrier . The best recommendation in most parts of the United States is to try and find an insurance brokerage that represents a number of carriers ; you should call and speak to a broker explaining exactly what you 're looking for and supply a copy of your current policy for the broker to properly compare the coverage and endorsements and ask the broker to contact you if they can come up with a better offer without discounting any coverage . In addition , you may wish to contact a couple of the National Captive carriers such as Allstate and State Farm and obtaining a comparison quote . This way , you can compare the work of a broker against the Captive agents of Allstate or State Farm making sure you have completed a concise and informed cycle of review . For further information , you may contact WEBSITELINK and one of our agents will be happy to answer your more specific questions ! "}
{"input": "Is Home Warranty Insurance Worth It? ", "output": "A home is one of the largest investments you will ever make . When you purchase a home however , there could be and usually are , a lot of hidden problems that surface after you have been in your home for a while . This is true especially if you purchase an older home . Some of these problems can be costly . Does n't it make sense to protect your investment ? "}
{"input": "How Does A Life Insurance Trust Work? ", "output": "Life insurance does not need a specific life insurance trust to be the life insurance owner and/or beneficiary but it can provide some additional flexibility in planning . The decision to engage an experienced estate planning attorney to utilize a life insurance trust is usually reserved for more complex situations where the set up and maintenance costs can be justified . While there are many different types of trusts , an irrevocable life insurance trust is a trust with the primary purpose of owning a life insurance policy in order to remove life insurance proceeds from the taxable estate and , as a result , avoid paying estate taxes on those proceeds . "}
{"input": "How Does A Life Insurance Trust Work? ", "output": "Generally speaking a life insurance policy is used to fund the trust . The trust spells out the conditions upon which the money can be paid out . For exam a Funeral Trust uses a life insurance policy that uses the trust as the beneficiary . The terms of the trust state that the funds can only be used to pay for matters related to final expenses . The life insurance policy is just the funding vehicle , the trust is the legal document specifying how those funds are used . "}
{"input": "How Does A Life Insurance Trust Work? ", "output": "Assuming you are addressing irrevocable life insurance trusts -LRB- ILIT -RRB- , the chronology of events and ownership are very important . The grantor can not have any incident of ownership . The ILIT must be the owner and the date of the ILIT must precede the policy date . The ILIT will name the beneficiaries of the trust and premium paid by the ITLIT grantor must conform to annual gift tax or unified credit rules to avoid taxation of premiums . Consult your legal adviser before moving forward with any creation of ILIT . "}
{"input": "Does My Life Insurance Policy Have Cash Value? ", "output": "There are two types of life insurance fundamentally , term life insurance and permanent life insurance . Term insurance has no cash value with an exception of a return of premium rider at the end of the term . Permanent life insurance comes with different names . the most popular are whole life , universal life , indexed universal life and variable life . These all have a cash value component . Open your policy to the declaration page . This page will tell you the type of policy you have . If you find it is a permanent plan mentioned above , then turn over to the illustrations page . These pages will give you the cash value of at each policy year with the cash value of your plan . "}
{"input": "Can I Get Life Insurance With Sleep Apnea? ", "output": "Yes , most people with sleep apnea can get life insurance . If mild and controlled by regular use of Cpap or bipap , or if the sleep apnea has been corrected by surgery , the applicant can even be rated Preferred for some life insurance policies . Severe sleep apnea that is not controlled , or when there is no follow up or Cpap is not used as directed , the policy can be rated up or even declined . "}
{"input": "Can I Get Life Insurance With Sleep Apnea? ", "output": "Depending upon if your sleep apnea is mild and controlled , not severe and uncontrolled , you should be able to secure life insurance coverage at standard offers or better . Some sleep apnea can be corrected with surgery and some life insurance companies are benevolent because it was corrected . The real problem is diagnosed uncontrolled sleep apnea with no Cpap machine , that can cause dramatically affect an underwriting offer or outright declination . "}
{"input": "Can I Get Life Insurance With Sleep Apnea? ", "output": "Can you get life insurance with sleep apnea ? Yes , it is possible to obtain life coverage while having sleep apnea , but chances are the class will be standard or lower . Sleep apnea is an unpredictable outcome illness as it can be the begining of other serious coniditions . Someone with sleep apnea must show good control , consistent use of their c-pap machine -LRB- currently 50 % of the people stop using their cpap after one year . -RRB- and not have issues elsewhere . "}
{"input": "How Much Does Life Insurance Cost For A 20 Year Old? ", "output": "Of course , how much life insurance costs for a 20 year old depends on how much life insurance the 20 year old is purchasing , how long they want the premium to be locked in , whether they have any health problems , and if they want to purchase a policy that requires an exam or goes with a quick policy requiring no medical exam . For a very healthy nonsmoker at age 20 , who is purchasing $ 100,000 of 30 year level Term without having to take an exam , the price is about $ 25/month . This is much less if you take an exam . "}
{"input": "Can Creditors Take Life Insurance Money? ", "output": "If the person who passed is the one with the debt , and if that person was the Insured person on the policy , then creditors can only take life insurance money left if the beneficiary was the Insured 's estate . If the Insured chose a person as the beneficiary , creditors can not take life insurance money from the beneficiary , unless perhaps the beneficiary was a co-signers on the insured person 's debt . "}
{"input": "How To Evaluate Life Insurance Companies? ", "output": "A lot of it depends on personal preference and what your concerns are . If you want to make sure it 's with a top-rated company who is financially strong and stable , you want to look at what their rating is -LRB- e.g. A.M. Best ratings : A , A + , and A + + indicate superior financial ratings -RRB- . If you 're looking at permanent , long-term coverage , you may want to look at the most stable companies because you want them to be there for the next 50 , 60 , 70 , years . If you 're only looking for a 10-year term insurance policy , you may be willing to look at a company with less favorable numbers because their rates are cheaper . It can also be helpful to look into reviews that people say about the company - positive aspects , any major continuous issues with claims , etc. ? The other major thing that everyone looks at is pricing - your premiums that you pay . There 's no one company that offers the `` best '' life insurance policy . The carrier that 's going to offer the best rates for you may not be the carrier the offers the best rates for someone else . This is because people may qualify for different risk classes -LRB- one of the single-most critical things to think about with coverage -RRB- , they may be looking to secure a different amount of coverage , keep the coverage for a different length of time , or may live in a different state -LRB- not every product from every carrier is available in every state -RRB- . All of these factors go into the calculation of rates . You 'll want to consult with an independent life insurance agent/broker who can compare multiple companies and make sure that the policy you apply for is best serving the desired needs that you want to have the coverage in place to protect . "}
{"input": "How To Evaluate Life Insurance Companies? ", "output": "How long have they been around . How quickly do they pay . How difficult are the to deal with and/or approve a claim . Do they have a local agent you can actually see , talk with and meet with . Is that agent actually interested in what is best for you . Do they have the type of policies you need and are looking for . Are they interested in covering someone like you , and with the health issues you might have . What are their rates and can you afford the coverage you need . Thank you . GARY LANE . "}
{"input": "How To Evaluate Life Insurance Companies? ", "output": "Great question ! When evaluating an insurance company , here are some things to look for : First , their financial stability - Standard and Poors , and AM Best are companies that rate the financial soundness of companies . Look for anything in the `` a '' range as being very financially stable , and capable of paying your claim . Look at the complaints filed against the company - do they have a pattern of issues paying claims , or denying them ? Lastly , are the applications and brochures clearly worded ? Do they make sense to you ? Are the agents of good quality ? Once you get comfortable with these questions , then look at their prices , coverage , and policies . If you would like help , please feel free to contact me , okay ? Thanks for asking ! "}
{"input": "How To Submit A Renters Insurance Claim? ", "output": "To submit a claim for bodily injury , property damage or damage to personal property on your renters policy , contact either your agent or the direct number provided by your insurance company . Before you file the claim you should understand that the claim might trigger an increase in future premiums . If the damage is near the deductible you might pay less by not filing the claim . Discuss this with your agent if you have the time . If you are sued , notify the company immediately . "}
{"input": "How Much Is Family Health Insurance Per Month? ", "output": "How much is family health insurance ? With more than 33 years of experience as a health insurance broker , I 'll provide a quick , accurate and direct answer . Your cost could be $ 1 per month or much more , depending on your federal subsidy -LRB- and of course , household income -RRB- , your age , where you live , and type of coverage you need . Of course , our job is to find the best rates and coverage , and explain which plans are the best options . As you can see , there are multiple answers to the question . But the most important thing is to get the best value for your money . "}
{"input": "How Much Is Family Health Insurance Per Month? ", "output": "How much you should be paying is a hard figure to try and quantify . The average cost per person 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 . You may also have options for group coverage through your employer . 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 . "}
{"input": "Which Home Insurance Covers Flood? ", "output": "No homeowners insurance will cover flood . This is not to be mistaken with water damage that may occur from a broken pipe in the home or possible overflow from a dishwasher or washing machine . These type of things will be covered if you have a special form HO3 policy . But an actual flood caused by rising water is always excluded and you would need to purchase a flood policy . "}
{"input": "Which Home Insurance Covers Flood? ", "output": "All homeowner 's policies exclude flood insurance . A separate policy must be purchased -LRB- which is a flood policy . -RRB- You can contact a local independent agent who can provide a quote for you . They should be able to provide a quote using your home address . Good luck . Best , Josh DeBoer jdeboer@fdands.com fdands.com "}
{"input": "Which Home Insurance Covers Flood? ", "output": "Flood damage is a standard exclusion found in all Homeowners policies . Unlike coverage for earth movement , or some limited coverage for water damage caused by the backup or failure of a sewer or drain system , which can be endorsed into the policy , the only way to obtain comprehensive coverage for flood damage is by purchasing a separate Flood Insurance policy . "}
{"input": "Who Has The Cheapest Term Life Insurance? ", "output": "No one single insurance company offers the cheapest term life insurance to everyone . Every carrier has their own underwriting guidelines so the carrier that 's best for you may not be the best for someone else . There are 4 main factors that determine the premium that you pay for your life insurance policy - your age , the face amount of the coverage , how long it 's guaranteed for -LRB- term vs. permanent -RRB- , and the risk classification a carrier will offer you . The risk classification is the MOST important factor in evaluating which insurance company will offer you the lowest rates for a term life insurance policy.The company will look at your personal medical history , smoker status , height/weight profile , results of the medical exam -LRB- if applying for a policy requiring it - no exam policies typically cost more -RRB- , your family medical history -LRB- e.g. cancer or heart disease before age 60 in the immediate family -RRB- , motor vehicle record , and any hazardous activities you may participate in -LRB- such as aviation , scuba diving , drag racing , etc -RRB- . Non-medical policies generally cost more than fully underwritten policies that require an exam because an insurance company is taking on more risk without having a full medical picture of you . 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 . "}
{"input": "Who Has The Cheapest Term Life Insurance? ", "output": "Who has the cheapest life insurance or rather who has the best rates for life insurance ? The company that has the best rates for insurance at a particular age and for a specified amount varies . No one company has all the best rates . Perhaps the best way to answer this is to change the question to : How do I find the best rates for term insurance ? You could start with an online quoting service to give you a point of reference . Be sure and compare renewal rates along with the initial premium . There are more factors to consider than simply price . Which is why you would best be served by working with an independent insurance broker who can access several companies to get you the right plan at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "Who Has The Cheapest Term Life Insurance? ", "output": "You could easily determine this by getting comparative quotes from one or more agencies that handle this type of insurance . However , there is an important issue that should be considered . ` Cheapest ' is often associated with less than quality . Think in terms of a small , under-funded insurance company that could fail financially , just when your family needs the coverage . You are far better-off getting comparative quotes for the amount of insurance you desire and then choosing the strongest company in the group . Your agent can help you with this process . Do n't fall into the ` cheap pit ' . It can hurt you and your family . "}
{"input": "Who Has The Cheapest Term Life Insurance? ", "output": "The cheapest term life insurance may not be the best route to go . What you really need is the best rate for the best term life policy that meets your exact needs for your unique situation . I personally have written three different polices with three different companies on the same client to achieve the best rates for the best coverage . There are way too many variables to predict one company every time for everyone . I suggest you find a trusted experienced independent broker to shop the market for you . Their expertise is free of charge to you as a consumer . "}
{"input": "Who Has The Cheapest Term Life Insurance? ", "output": "The cheapest term insurance policy is one that accomplishes your desires . You are buying peace of mind in troubling times . Setting the appropriate limit is the most important part of the process . A trusted agent can guide you . If you die and your family discovers you could have saved $ 300 do you think that they will refuse the death benefit ? Good advice is worth a great deal . "}
{"input": "Who Has The Cheapest Term Life Insurance? ", "output": "If you go to a website that offers free , instant life insurance quotes from multiple companies , you can enter some factors -LRB- date of birth , gender , term length , face amount , etc -RRB- and see which life insurance companies have the lowest quotes . If there were no questions about build or health , you are most likely viewing quotes for the best rate class , which may not be the class you qualify for . But that exercise does give you an idea of which companies offer the cheapest rates for term insurance for those in perfect health . Keep in mind that being overweight , having a health condition , or being older will probably result in other companies offering the cheapest rates . To find the lowest priced term life insurance rates for you , it is best to call an agent so that they can gather all these variables and do the shopping for you . "}
{"input": "Who Has The Cheapest Term Life Insurance? ", "output": "I 'm assuming that you want to know what company offers the least expensive Term life insurance policies in general . Most likely that would be an insurance provider that specializes in Term insurance and does n't do a lot of expensive advertising . Personally as a broker I only work with companies that are A + rated or better by the 4 independent rating agencies , and among those I 've found that Genworth , Banner , and Transamerica usually come in with the lowest rates . However the specific circumstances of the insured will have a bearing on the premiums . Gender , age and health , as well as the length of the term and the face amount of the policy each have a good deal of impact on the premium . My question to you , or rather my advise would be to get with a qualified Insurance Adviser and find out how a term policy may benefit you with your particular needs , and if Term may NOT be what you should be looking at implementing . Term insurance is the cheapest of the different types of life insurance to be sure . But is Cheap what you want or need , or is it rather Value that will benefit you the most ? "}
{"input": "What Is Surrender Value Of A Life Insurance Policy? ", "output": "The surrender value of your life insurance policy is the amount of money you can walk away with if you cancel your policy today and cash surrender it . With whole-life insurance , the surrender value is guaranteed to always go up each year . It will never decrease as long as you are paying your scheduled premiums . There wo n't usually be any surrender value during the first two or three policy years . "}
{"input": "What Is Surrender Value Of A Life Insurance Policy? ", "output": "The surrender value of a life insurance policy is the amount that you would get from the insurance company if you decided to drop the policy before it matures or before death occurs . It is the amount of savings that built up in your policy , minus any surrender charges -LRB- surrender charges occur during the early years of the policy -RRB- . The surrender value can be rolled over into a new policy or taken as cash . "}
{"input": "Does AAA Offer Homeowners Insurance? ", "output": "I do n't know about homeowner policy availability through AAA in every State but I can speak personally for Florida . They are my homeowner carrier in Florida . Their rate was reasonably competitive and the coverages are good . The customer service was great . Therefore , since Florida is one of the least favorite States for top insurers to do business in , I would think that the chances are good they are available in most States . If you are an AAA Member , you have a chance to get a good carrier . "}
{"input": "What Is A Short Term Health Insurance Policy? ", "output": "Short Term Health Insurance is designed to cover individuals who are between jobs . Generally they can be purchased in increments of six months . Preexisting conditions are not covered . They are non-renewable , meaning if you have a six month policy for example , and the six month period expires , you need to enroll in a completely new plan . "}
{"input": "How To Determine How Much You Need For Life Insurance? ", "output": "The need for life insurance is to make sure your loved ones are taken care if something terrible happened to you suddenly . When you said your wedding vowels , you promised to take care of each other until death did you part . Life insurance is the one product that can keep that promise forever . The general rule of thumb without going into an in depth needs analysis is to cover your debts and up to 10 times your income . This way if you died today , your family would be debt free and could invest the rest with a good investment program that your loved ones could live off of the interest and not touch the principle where your income would be replaced year after year even though you are gone . Unless you are independently wealthy , life insurance is a must for every family . Use a trusted independent life insurance broker that can find you the best coverage at the best price for your unique situation . "}
{"input": "How To Determine How Much You Need For Life Insurance? ", "output": "I do n't see life insurance as a `` need '' issue but rather a `` want '' issue . Conventional wisdom would have you go through a `` needs analysis '' where you decide on some criteria such as inflation , interest rate , minimum income needed , etc. . I prefer looking at it from a `` human life economic value '' position . In other words , what is the present value of all your projected future income ? Insurance companies simplify this by using a `` multiple of income '' factor based on age . That is the maximum a company will issue someone . I ask clients this simple question ... `` If something happens to you , how much of your income do you want to make sure continues to your family ? '' Many say `` all of it '' and others say something else . Whatever they say , we work from there . "}
{"input": "How To Determine How Much You Need For Life Insurance? ", "output": "Of course this is a question that has been asked for many years . I think that it is best to answer that question with another question , Who do you love ? After that a follow-up question would be , What do you want them to have if you are unable to be there to provide it for them ? Most people want their loved ones to continue to have food , shelter and clothing . They might have aspirations concerning higher education . All of these issues can be measured and a sum determined . "}
{"input": "Why Buy Life Insurance For A Child? ", "output": "That is a good question ! There are a number of excellent reasons to buy life insurance for a child ! Life insurance is like buying money at a huge discount ... If you buy the right kind of life insurance from a mutual company . That is whole life insurance . The younger the insured is the less the premium will be assuming the person is in good health . So even if you buy a smaller policy it will have a longer time to accumulate cash value . And that cash value grows tax-FREE ! And may be accessed tax-Free as well when the ` child ' is older . Or if you retain ownership of the policy YOU can access the cash value to pay tuition for their schooling or whatever you decide . The policy could also be used to contribute to the `` child 's '' retirement income when that happens ! I could go on and on , but you should talk with a knowledgeable insurance adviser . "}
{"input": "Why Buy Life Insurance For A Child? ", "output": "Wow . What a wonderful and popular question with a great answer ! Children 's rates are the very lowest there are . By locking in a guaranteed rate on whole life for the child 's entire life , you will never have to worry about medical issues or insurability issues . The parents and later the child themselves , will have the lowest premium guaranteed . Insurance will accumulate value with whole life , so they can borrow against it for college or even fund retirement . Think of all the sick and uninsurable children out there who wish their parents had purchased life insurance for them before they got sick . "}
{"input": "Why Buy Life Insurance For A Child? ", "output": "Always be sure to be well protected as parents before thinking about buying life insurance for your kids . That having been said , once a child is covered by a life insurance policy , that child 's `` insurability '' is protected so long as that policy is maintained . That means that as her or she goes through life , should they develop a serious medical condition that might otherwise make them potentially uninsurable , like Crohn 's for example , the coverage they have can not be taken away from them . Further , if a permanent plan is purchased for your child , that policy will develop cash value over the years that can further help their future financially . "}
{"input": "Why Buy Life Insurance For A Child? ", "output": "Buying Life Insurance is really for two reasons , one if for the unfortunate , the childs death . The other is as a gift of life as I like to call it , something you can give them in the future . Especially if you design the policy such as Whole Life to build cash value over time . This can be used in the future for the child 's future family , to help pay for college and more . "}
{"input": "Why Buy Life Insurance For A Child? ", "output": "Make sure that there is enough life insurance on the mother and father . If that is the case determine the reason for the life insurance . It could be that the policy is for final expenses . Sometimes life insurance is sold to juveniles as a way to protect their future insurability . The best way to buy the policy is to go to a trusted insurance agent . If you dont already have one , get recommendations from friends , colleagues and neighbors . The agent should listen to your needs , give sound financial advice and communicate clearly with you and the insurance company . "}
{"input": "What Do I Do With My 401K When I Retire? ", "output": "When you retire your former employer will send you a letter describing the options available with your 401 -LRB- k -RRB- plan . Plans vary and so do options . As mentioned one of the frequently offered options is the privilege of rolling the account into a personal IRA . Since you would be gaining personal control of this asset this might be a very smart thing to do . If the employer allows you to keep the funds in his plan you should check to determine how much of the assets of the fund are invested in company stock . That could be a major consideration . Some 401 -LRB- k -RRB- plans offer flexible arrangements but most will want the money settled in a short time after you retire . Your financial advisor or retirement income certified professional can give you helpful information concerning the options presented . This money needs to be used in a wise manner as you could be retired for a very long time . "}
{"input": "What Do I Do With My 401K When I Retire? ", "output": "If you are no longer working , and officially retired , you will have to roll your 401 -LRB- k -RRB- into an IRA . This IRA may be mutual funds , stocks , bonds , annuities , etc. . I like to recommend Annuities which provide an Income Rider that will give you guaranteed income for life . The other reason to move your monies into an Annuity -LRB- as an IRA -RRB- , is to guarantee you will not loose any of the money you worked hard to earn . When you are retired , loosing 10 % or more will affect your financial status , the monies you have available to retire with . Talk to your advisor or broker . Or you are welcome to reach out to me for more information . Thank you . "}
{"input": "Which Is The Best Car Insurance In Florida? ", "output": "There are so many responsible carriers in Florida that write both personal and commercial insurance , that I do not believe that any should be singled-out , in my opinion . You might be well-served by contacting several independent agencies in you area and askthem to get you quotes from National and Regional carriers that they represent for auto insurance . Then check out the companies via a few internet searches . "}
{"input": "Does Auto Insurance Cover Vandalism? ", "output": "Typically yes , less your deductible if you have comprehensive -LRB- otherwise known as '' other than collision '' -RRB- coverage on your auto policy . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Does Auto Insurance Cover Vandalism? ", "output": "If you have full coverage , meaning Collision and Comprehensive , then yes it would cover vandalism . As with any claim , however , find out how much the repairs will be before turning in the claim unless the damage is extensive . In the case of vandalism you will need to file an accident report with the police . This will help prove your claim if you decide to turn it in . If the damage is close to or below your deductible you may not want to turn in a claim . If you are unsure call your agent , not the insurance company . "}
{"input": "Does Auto Insurance Cover Vandalism? ", "output": "In a word , yes , auto insurance does provide coverage for vandalism . This coverage is provided by the pysical damage portion of your policy under `` Comprehensive '' or `` Other than Collision '' and will be subject to your deductible . In most cases , in order to settle such a claim , your insurance company will want to receive a copy of a police report along with an estimate of the damage . By the way , if something is stolen from the inside of your car - your phone , clothing or golf clubs to name a few examples , these are NOT covered by your car insurance policy . Personal property loss is covered by your Homeowners ' , Condo Unit Owners ' or Renters ' Insurance policies so be sure to have these . "}
{"input": "What Is A Good Age To Get Long Term Care Insurance? ", "output": "There is no perfect age to get long term care insurance . However , by purchasing coverage between the ages of 40 and 55 , assuming you are in good health , you will , of course , receive much better rates than if you wait until after 60 , when your health and the price will change . A full-time broker or financial planner -LRB- NOT a marketer , radio/tv person , part-timer , or amateur -RRB- is your best resource for ACCURATE information . "}
{"input": "Does Cigna Health Insurance Cover Gastric Bypass? ", "output": "Most CIGNA health policies will cover gastric bypass surgery . However , the reader should note that CIGNA also administers self-funded health plans where the employer can define many elements of coverage and that it is possible that some much older fully insured plans still exist where such surgery was excluded or significantly limited . So check your certificate of coverage first or call CIGNA member services for guidance on this issue for your specific policy . In general terms , while gastric bypass surgery is covered , it is as more of a last resort than as a first course of action because this is a serious surgical procedure that is not without complications . The candidate will have to meet several criteria for pre-approval by CIGNA for this procedure to be approved for coverage and you will have to show that other , less invasive methods of weight loss have been tried and found to be ineffective . "}
{"input": "Does Cigna Health Insurance Cover Gastric Bypass? ", "output": "Gastric Bypass surgery may be covered by your health insurance carrier if it is deemed to be medically necessary . For this type of surgery medically necessary usually means morbidly obese where an individual is more than 100 pounds overweight . Surgeons that perform this type of surgery usually understand the rules and they can assist you with further information . In addition you should refer to your Evidence of Coverage that spells out what is and is not covered . "}
{"input": "How Much Optional Life Insurance Do I Need? ", "output": "You might want to consider purchasing a private policy instead of the optional life insurance offered by your employer . You may be getting the first $ 50,000 of life insurance at work for free , and the first $ 50,000 is usually a nontaxable benefit . But the amount beyond that , which is called `` optional '' life insurance , does not generally involve those perks . While the price may seem good , most life insurance policies offered through work do not stay that same price , and many end when you leave that job . If you are older or have developed a health condition when your employment ends , you may find that the prices are far higher than you could have locked in through a private policy while you were working . "}
{"input": "How Much Optional Life Insurance Do I Need? ", "output": "Are you married ? Do you have kids ? Are they through college yet ? Do you have a mortgage ? Do you have other debts ? When do you plan to retire ? What savings do you have for retirement ? Does your spouse work ? This is just the beginning of a quality interview with an experienced Life Insurance Agent . You should have anywhere from three to ten or even twenty times your annual income , depending on the above factors and all your other needs . Most folks go with only three times their income , which is far from enough . You should be meeting with an agent who knows the right questions to ask you . Gary Lane , Registered Representative and Agent , New York Life , 949\u00a0797\u00a02424 . Thank you . "}
{"input": "How Much Optional Life Insurance Do I Need? ", "output": "Before we can really answer this question I would need to know how much life insurance you have in force . The best answer I can give here now is determine how much you need , then take into account what you have in force now , then make up the difference with an additional policy or if the option is available , increase your current in force policy . "}
{"input": "Does Beneficiary Of Life Insurance Supercede A Will? ", "output": "Yes , the beneficiary of a life insurance policy supercedes a will . The will pertains to the estate , and a life insurance beneficiary receives the proceeds of the policy outside the estate . The person named within the life insurance policy is the one who receives the benefit of that policy . "}
{"input": "Does Beneficiary Of Life Insurance Supercede A Will? ", "output": "A life insurance policy is a legal contract . In California the life insurance company is legally bound to deliver the proceeds to the beneficiary in the event of death . The proceeds of the life insurance policy are not an asset of the estate . Therefore , the proceeds are not subject to probate , nor does the will have any impact on the process , unless the beneficiary and the contingent beneficiary have pre-deceased the insured . "}
{"input": "Does Beneficiary Of Life Insurance Supercede A Will? ", "output": "Yes , the named beneficiary in a life insurance policy does . It is important to coordinate each document of course , but a life insurance policy is separate and distinct . The owner of the policy can change beneficiary designations by amendment of the contract directly with the insurance company at any time , but once designated , it can not be changed by other action . "}
{"input": "What Is The Average Disability Insurance Cost? ", "output": "This is a difficult question for an average answer . There are just too many moving parts with underwriting and pricing disability coverage . It depends on age , build , occupation , income , life style , health status , elimination and benefit periods just to name a few . Having said that you can plan on spending 1 % to 3 % of your annual income to a long term disability plan to protect your most valuable asset , your ability to earn a living . "}
{"input": "Peronsal liability insurance for author of apps/source code? ", "output": "With all due respect to the answer given by the first insurance professional to answer this question , there are two different coverage angles to take into account . Let 's tackle the first issue and that is of the professional or product liability . A homeowner policy will not extend itself to cover the liability that arises our of the professional services to write software or machine code that is either given away or incorporated into a commercial product offered to others . In the event of a loss of lawsuit I do n't think you will find coverage and I think if a claim were to be presented a `` reservation of rights '' letter will be issued upon notification of a claim so the carrier can explore the issue prior to rejecting the loss as `` professional liability '' that is not covered in a liability section of a home insurance policy . On the other hand , many companies permit the use of the home for office related tasks and the liability exposure for pedestrian traffic onto the property and/or into the house will probably be covered when the avocation is merely a hobby . Usually the presence of this additional exposures are required to be admitted to the carrier . That said , all claims issues are ultimately compared against coverage terms and language and no one should rely on this general advice as anything other than a reminder to consult with your insurance agent for the best answer . And finally , I am aware of no coverage that is available for the hobby coder to add to a home insurance policy . It would be interesting to know if you actually work in the computer software business in your day to day paid work . "}
{"input": "Peronsal liability insurance for author of apps/source code? ", "output": "You will not find coverage for business related liability in your homeowners policy , even if you work from your home . This is a very technical kind of risk and would probably best be handled by a specialty company . The risk , however , is general liability , or more specifically product liability . Policies usually restrict losses to those involving personal injury or property damage . Coverage does not necessarily extend to a program that simply doesnt perform as promised . "}
{"input": "How To Cancel Travelers Renters Insurance? ", "output": "In order to cancel Travelers renters insurance policy you would either contact your Travelers agent or Travelers directly to notify them of your request to cancel your renters policy . Most likely you will be asked to provide a letter in writing that is dated and signed to process the cancellation request . "}
{"input": "How Universal Life Insurance Works? ", "output": "When you pay a premium to a universal life policy , that amount which exceeds the current cost of insurance is credited to the cash value of the policy . That cash value earns tax deferred interest according to the provisions of the policy . In addition to the current cost of insurance there are fees which are also withdrawn from the policy as stated in the policy . The insurance company generally offers a minimum interest rate set by the contract , but may change the rate credited from time to time . "}
{"input": "How Universal Life Insurance Works? ", "output": "Universal Life is also known as Flexible Premium Adjustable Life - this is the official name of this type of product . It describes in a simple way how the product works . Premiums are flexible because that can be adjusted upward or downward . You can also skip premiums . You also have a choice of level or increasing death benefit which describes the adjustable nature of the product . Universal life builds cash value that can grow based on a stated fixed interest rate , which may vary over time , but which will never be less than a guaranteed minimum interest rate . Policy costs for administrative expenses and cost of insurance are deducted from the cash value monthly . Universal life is best suited to satisfy the longer-term needs of policyowners who want premium flexibility and cash value accumulations that reflect current fixed interest rate returns , with a guaranteed minimum interest rate . "}
{"input": "How To File An Automobile Insurance Claim? ", "output": "My best advice is to contact your agent if you have one . They can help facilitate the claim and get your car repaired and paid for quickly and arrange a rental car while yours is being repaired . If you bought coverage from a direct writer -LRB- Geico , Progressive etc -RRB- you need to call their claims dept whose phone number should be on the back of your insurance ID card . "}
{"input": "How Does Life Insurance Work If I Die? ", "output": "When you die , the life insurance benefit is paid to your beneficiary in a lump sum , or in installments . You can talk that over with your beneficiary now and decide which is best , or your beneficiary can wait to see what method of receiving the death benefit is most cost effective at the time of death . The proceeds are generally income tax exempt and can be spent however your beneficiary wishes . "}
{"input": "How Does Life Insurance Work If I Die? ", "output": "If you are the insured of an in force policy and die , the policy beneficiaries will receive the death benefit proceeds about 30 to 60 days after your demise . Generally , when a policy insured dies , the policy beneficiaries -LRB- sometimes the policy owner -RRB- contact the life insurance company and receive the carriers death claim form . That form is filled out and returned with the certificate of death and the newspaper obituary . Again , it can take between 30 and 60 days to receive the policy proceeds . "}
{"input": "How Does Equity Indexed Universal Life Insurance Work? ", "output": "Indexed universal life uses domestic and foreign indices with crediting methods : cap rates , participation rates and spread rates . The life insurance company generally purchases index options . If the options are exercised a positive credit is applied . If the options are not exercised , then nothing is credited . Like all life insurance policies , index universal life has policy fess , expenses and cost of insurance that is deducted from the premium . Then the credit , if any , is applied . "}
{"input": "Why Would Homeowners Insurance Go Up? ", "output": "There are many possible reasons as to why your homeowners insurance premium would rise . Not all of the reasons are under your control . Some of the more obvious reasons for an increase in your homeowners insurance premium are : inflation -LRB- the insurance carrier generally incurs more costs each year -RRB- , claims that you may have filed , a change in your credit rating , an increase in homeowners claims within your carrier or your geographic area , or increases in valuation of properties in your geographic area just to name a few . "}
{"input": "Why Would Homeowners Insurance Go Up? ", "output": "Talk to your Insurance Professional about your Home Insurance policy and what specifically may cause the premium to increase in your case . In general , there are a number of factors that can contribute to a premium increase . For example , it is likely that your policy has an `` inflation guard '' provision that increases the dwelling amount provided each year . If the dwelling amount on your home increased over last year , that would certainly account for a premium increase . If you suffered a covered loss and had to file a claim , that might affect your renewal premium . If your area was hit with heavy weather related losses , like the ice daming that the North East and specificlally CT was plagued by , even if yo were not affected , your company might have had to take a rate adjustment as a result of the losses . Your Insurance professional wil be able to review your coverage and advise you not only as to why the policy may have increased , but also ways to save . "}
{"input": "Who Really Needs Long Term Care Insurance? ", "output": "Who really needs long term care insurance ? EVERYBODY . The question really is who can afford long term care insurance ? What long term care insurance does for a person is create a pool of money to purchase the quality of care they want , rather than what they have to settlefor . All long term care insurance does is pay for better care and nicer facilities to reside in or home health care . When you do n't carry a long term care policy and have used up yourassets , you can still get care , covered by thegovernment , cept your say in the quality of care you receiveno longermatters . With the government having to find ways tomake budgets work , caringfor the elderly tends to slip down in priority funding wise . "}
{"input": "Is Disability Insurance Payments Taxable? ", "output": "In Canada , disability insurance payments are usually structured so that the payment is tax free . This applies to individual plans as well as group plans . The basic principle is , if the premium is paid with after tax dollars , then the benefit is tax free . If the premium is deducted as an expense -LRB- employee benefit -RRB- , then the benefit payment is taxable . That is why with group insurance plans the premium split is structured so that the employee pays the Long Term Disability -LRB- LTD -RRB- portion of the premium . This is done to keep the benefit tax free . Plans can be structured to provide a benefit to employees with the company paying the premium on the policies and deducting it as an expense . Certain rules need to be followed . Here is an overview : Company pays premium for coverage , gets the deduction , employee does not pay tax on the premium `` benefit '' , but any disability benefit is taxable . In order to offset the income tax , the amount of coverage the employee is permitted to apply for is increased . If you have any further questions , or feel that I could be of assistance , please do not hesitate to contact me . "}
{"input": "Who Has The Best Rates On Car Insurance? ", "output": "Who has the best rates on car insurance and where do you get them ? When you utilize the free services of an experienced broker , you 'll be able to find the lowest prices much easier than attempting to shop yourself . Whether it 's State Farm , Farmers , Geico , Progressive , Esurance or another carrier , shopping for the best car insurance rate is not fun . That 's why we simply the process for you by utilizing our experience , websites and modern software to save you money . "}
{"input": "Does Homeowners Insurance Cover Cracks In Foundation? ", "output": "` Maybe ' is the most accurate answer . It is not meant to avoid answering the question but it must be remembered that the standard homeowner policy does not automatically cover damages to the structure . It is not a maintenance policy . To determine if the policy will cover such damages , the actual cause of the crack or cracks needs to be determined first . "}
{"input": "Does Homeowners Insurance Cover Sheds? ", "output": "Yes , typically unless there is an exclusion written into your policy . Most homeowners policies provide up to ten percent of the policy amount for other structures . If you have a shed that is worth more than ten percent of the policy value then you will want to have your agent secure more coverage for the building through a policy endorsement . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "What Kind Of Retirement Plan Is Best? ", "output": "The first step is to establish what your effective tax bracket is to determine if you should set up a qualified or non qualified plan . If your tax bracket is low , the deduction may not be as valuable in a qualified plan as the flexibility of a non qualified plan . You also want to assess your risk tolerance to help you select suitable investments that meet your financial profile . Another consideration is whether to set an individual plan or participate with a plan at work . Some employers match portions of your contributions , so it 's important to thoroughly examine your options . "}
{"input": "What Kind Of Retirement Plan Is Best? ", "output": "What kind of retirement plan is best ? Well the answer really is the retirement plan you will continue to fund right up into retirement . It is n't the plan as much as it 's the effort to save money . What is the point of deciding the best plan allows you to put 25 thousand a year away when you are n't putting $ 5 away ? The big thing is to decide to make saving a habit . Once you commit to that , then you should look at what is available to you and then you look at expenses of who is handling your money . "}
{"input": "What Are The Forms Of Homeowners Insurance Available To Homeowners? ", "output": "Homeowner 's insurance has many forms of coverage . A broad form is a basic policy that covers many perils for your home , other structures and personal property . But it is not as comprehensive as an `` all risk '' policy . A basic policy provides less coverage . There are also renter 's and condo policies for consumers that do n't own their home . "}
{"input": "What Is A Supplemental Executive Retirement Plan? ", "output": "The most common understanding of a supplemental executive retirement plan is one contributes to a permanent cash value plan : Participating Whole Life , Current Assumption Universal Life , Indexed Universal Life and Variable Universal Life . Product suitability needs to match up to the policy owners financial profile and risk tolerance . The policy design is critical to the cash accumulation , using the lowest cost of insurance option that complies with TAMRA . The most popular supplemental plan is a 162 Executive Bonus Arrangement . "}
{"input": "What Is Coinsurance On A Health Insurance Plan? ", "output": "Coinsurance is the amount of the bill you share with the insurance company , typically after your deductible has been satisfied . Most commonly you will see this as 80/20 -LRB- can be 50/50 , 70/30 , 90/10 and 100/0 -RRB- , whereas the insurance company pays 80 % and you pay 20 % . Your portion will be capped . This is known as Maximum out of Pocket . "}
{"input": "What Is Coinsurance On A Health Insurance Plan? ", "output": "What is coinsurance on a health insurance plan ? Well coinsurance is the part of the bill where the insured and the insurance split the payment of the bill . First there is the deductible , where the insured -LRB- you -RRB- pay the cost of the bill . Then once that is met or waived in some situations , the coinsurance kicks in and the cost is split between the insured and the insurance company . "}
{"input": "Who Can Cash In A Life Insurance Policy? ", "output": "The only person who can cash in a life insurance policy is the owner of the policy . The person insured is not always the owner . The owner can be either the person insured or the beneficiary . The owner could be another third party . Only the owner can cash-in the life policy . "}
{"input": "Who Can Cash In A Life Insurance Policy? ", "output": "That is a great question ! The insurance companies will only allow the person who owns the policy to make certain decisions . The owner is the only one who can name or change the beneficiary , and the only one who can cancel , or surrender the policy . Please be aware that the insured may or may not be the owner of the policy . Thanks for asking ! "}
{"input": "Who Can Cash In A Life Insurance Policy? ", "output": "As David stated , only the owner of the policy can cash in a life insurance policy . It may need to be explained , as well , that not all life insurance polices can be cashed in , because not all life insurance policies have cash value . Even Whole and Universal Life policies usually take time to build up cash value , and Term policies never have cash value unless they have a return of premium feature . So , stated another way , only those who own policies that have cash value , can cash in their life insurance . But they can also borrow from their cash value , and that often is a better way to access the cash in the policy , so as not to give up the death benefit . "}
{"input": "Who Can Cash In A Life Insurance Policy? ", "output": "In Canada also only the owner can cash is a life insurance policy . If there is an irrevocable beneficiary their permission is required . In addition to loosing the protection there may be tax consequences when you cash in a policy . A suggestion would be to explore borrowing using the policy as collateral that way you could access the cash without a policy disposition and taxation . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "Do You Need Homeowners Insurance In A Condo? ", "output": "There is a special form of homeowners insurance for condo owners . Most mortgage companies require that you have a condo form policy to protect their interests in the property . Unlike a standard Homeowners policy , the condo form does not cover exterior walls and the grounds as these are covered by an association policy . "}
{"input": "Do You Need Homeowners Insurance In A Condo? ", "output": "Condo Insurance falls under the `` Homeowners '' Category . You would want a type of policy mostly referred to as an HO6 . It provides protection from the walls in , protection for your contents , and liability coverage . Chances are your mortgage company and even your condo association require this type of policy . Living in this type of community you will want to inquire about your loss assessment coverage , you will definitely want more than the standard coverage , and your condo association may have requirements pertaining to the amount of loss assessment you need on your policy . Contact an independent agent in your state that can advise you further . "}
{"input": "Do You Need Homeowners Insurance In A Condo? ", "output": "Insurance coverage for a condominium unit owner is slightly different than a policy that covers a single family free standing home . As a condo unit owner , your policy will provide coverage for your personal belongings that you brought into your home as well as any appliances purchased or `` improvements '' that you made to your unit . Coverage for the building itself and the common areas owned by the association are provided in a `` Master Contract '' with the Association as Named Insured . Depending on the laws of the state in which you live , your unit owners ' policy should pick up where the master contract ends . "}
{"input": "How Do Life Insurance Companies Test For Drugs? ", "output": "The exact tests that are required for an exam a person will take will depend on several factors - their age , the amount of coverage they 're applying for , and the carrier they 're applying to . Each carrier has their own underwriting guidelines so some may have different exam requirements than others . For middle aged individuals , you will most commonly see an exam consist of 3 parts : 1 -RRB- Paramedical exam - checking your height/weight , your pulse , and going through the medical questions 2 -RRB- Blood Test 3 -RRB- Urine Test The urine test is the primary method for testing for drugs . Markers in the blood can also show evidence of drug use . One recommendation is know which carrier and which of their programs you are going to apply for . You do n't want to take an exam before completing the application process because if you apply to another carrier than you may have originally intended , you may have to complete extra testing because that 2nd carrier may have more markers they check for -LRB- therefore extra exam requirements/tests -RRB- than the other carrier . Ideally , you want to have everything in order and make sure it 's right so you only have to do it once . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "How Do Life Insurance Companies Test For Drugs? ", "output": "Insurance companies typically test for drugs with bodily fluids such as blood and urine . In some cases they test hair , but that is rare . The length of time a drug stays in your body and can be detected by routine testing varies . Regardless , it is important that you are truthful when you complete your life insurance application . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "How Do Life Insurance Companies Test For Drugs? ", "output": "Most life insurance companies use companies called parameds , which dispatch nurses to collect medical history and health data . Besides registering height , weight , blood pressure , they collect blood and urine samples . These samples are tested for common diseases and drugs including nicotine , prescription and illegal drugs . Even on smaller cases where blood and urine samples are not warranted they will sometimes use a mouth swab or hair sample especially if there is any type of suspicion of drug use . "}
{"input": "How Do Life Insurance Companies Test For Drugs? ", "output": "That is a great question ! Typically when the company tests , they send a para-med who will collect one or more of these things , depending upon the company , and their impression during their visit : a blood sample , urine sample , hair sample , and / or mouth swab . The hair samples are very accurate , and are very difficult to fake , and are becoming more common , as testing them becomes cheaper . Thanks for asking ! "}
{"input": "How Do Life Insurance Companies Test For Drugs? ", "output": "Insurance companies must weigh the cost against the benefit of extensive testing of applicants . Urinalysis was the major tool used for many years . In the case of high amounts of coverage blood testing was and is still used . This was largely replaced for many applicants with a mouth swab . Today many companies rely upon self-declared listing of prescription drugs . They can develop a pretty accurate profile of an applicant this way at very little cost . "}
{"input": "How Do I Get Life Insurance On My Husband? ", "output": "In order to acquire for insurance coverage on someone else , first you need to have insurable interest . You would have insurable interest in your husband . Next you need to have their permission , so you husband would need to sign the application as the life insured . You could be the beneficiary and own the policy . You would have total control once he gives permission to be the life insured . An independent life insurance broker , representing several companies , could help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me.If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "How Do I Get Life Insurance On My Husband? ", "output": "Securing coverage on your husband is like securing coverage on anyone else - you must have an insurable interest to buy a policy on another life as well as their consent to take out a life insurance policy on them . From there , there 's different types of programs to consider -LRB- term vs. universal vs. whole life and whether you 're ok with taking an exam or are strictly against it - you 're generally paying much higher rates with non-medical policies and the face amounts under a single policy are going to be limited -RRB- The risk class your husbandqualifiesfor determines the final premiums that you 'll pay -LRB- in addition to his age and if he uses any tobacco products -RRB- - please note , the risk class from company ABC may not be the same risk class he gets from company XYZ . Every company has their own underwriting guidelines and views risk on medical histories differently . I recommend consulting with a knowledgeable , experienced life insurance broker who can shop the case for you and review multiple carriers ' programs as well as complete a life insurance needs analysis -LRB- if you would like to determine how much coverage you need and how long you need it for - you can also look at a combination of benefits -LRB- e.g. some term and some permanent -RRB- -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "How Do I Get Life Insurance On My Husband? ", "output": "If you are dependent upon your husbands income or share debt with your husband , he should have life insurance to cover your financial need . There must always be an insurable interest to purchase life insurance on another person . Life insurance always has to be written and underwritten with the insured persons knowledge and permission . I suggest asking friends and family if they know a good independent life insurance broker to professionally shop for your best coverage options . If your husband is not currently insured start today . "}
{"input": "Does Medigap Plan F Cover Physical Therapy? ", "output": "MediGap Plan F policies are designed to pick up the 20 % that Medicare does n't cover in exchange for a monthly premium . The plans are standardized and are required to cover all of the approved services covered by Medicare Parts A & B. Physical Therapy is considered an outpatient rehabilitative service . This category is a Medicare covered benefit which includes Occupational Therapy , Physical Therapy , Speech and Language Therapy . "}
{"input": "I Can't Afford Health Insurance What Are My Options? ", "output": "Healthcare reform has expanded the Medicaid program to include individuals with gross incomes of under 138 % of the federal poverty line , it has also establish federal subsidies , and cost sharing reductions for individuals with gross incomes of up to 400 % of the federal poverty line . When submitting ones information to the newly opened healthcare exchanges it will be automatically cross referenced to verify what public programs the individual qualifies for . "}
{"input": "Does A Single Man Need Life Insurance? ", "output": "It depends on several factors such as your age , goals and objectives . Many people who are single now expect to have a family sometime in the future . Or , they have extended family members in their care . One 's insurability can change in the future so starting now while younger and insurable is sensible . "}
{"input": "Does A Single Man Need Life Insurance? ", "output": "Whether a person NEEDS life insurance or not , -LRB- single , married . male , female - whatever -RRB- , really depends on what that person 's financial condition is . Whether a person WANTS , -LRB- or should want -RRB- , life insurance is related , but has many other determining factors . As has been mentioned above - if a person has family or charities they want to leave a legacy to ; If a person has financial obligations that would fall on family members if they should become disabled or die , these are good REASONS to purchase life insurance . If a person has enough wealth in liquid assets to cover any eventuality and protect loved ones from liability , then , no - there is no NEED . But even in such a case a wise person would WANT to have a Whole Life policy with a Mutual company that pays dividends to the policy holders . "}
{"input": "Does A Single Man Need Life Insurance? ", "output": "Do you need life insurance ? No ! If you never plan on getting married or starting a family you do n't need life insurance . However let 's think outside of the box . What do you care about ? Think about the impact you can have by buying a policy and having it benefit a charity or research , perhaps a scholarship . Something to think about . "}
{"input": "Does A Single Man Need Life Insurance? ", "output": "A single person may have immediate or related family members , business partners or favorite charities that he or she wants to protect and/or transfer assets to when he or she dies . Life insurance can also be a tax advantaged supplemental retirement plan that designed correctly may generate tax free distributions in the future . "}
{"input": "Does A Single Man Need Life Insurance? ", "output": "That is a great question ! I guess the answer really depends upon you , and your view of your future . I 'm assuming that though you are n't married , that you still have family that is alive , and that may be burdened with the expense of your funeral arrangements ? If so , you might think about a policy to spare them those expenses , they will be burdened enough with their grief . Are you planning one day to marry ? If so , then you 've already taken steps to provide for your future wife and children . I hope that helps , thank you for asking ! "}
{"input": "Does A Single Man Need Life Insurance? ", "output": "Anyone can help make their passing less stressful on survivors by having life insurance , at least enough to pay off the funeral and pay off debt . If you have a business , there are a number of ways life insurance can be used to transfer your business interests to prospective buyers . Whether the death benefit goes to a funeral home , charity , relatives , or business partners , life insurance is a smooth and tax friendly way of handling end of life issues . "}
{"input": "Does A Single Man Need Life Insurance? ", "output": "A single man may need life insurance to pay off bills , a mortgage or loans . Having life insurance to cover funeral expenses is especially helpful for a single man , as there will not be a spouse who is there to take care of that obligation . A single man may also want to leave money to relatives or charity , which is easy to do with life insurance . "}
{"input": "What Happens When Your Homeowners Insurance Drops You? ", "output": "Well , if for some reason your company non-renews or cancelsyour Homeowners ' coverage , the best thing to do would be to start researching coverage availablity with other carriers . Though there are many commonalities in underwriting standards among companies , there are also differences . Hopefully another carrier will be able to offer you coverage . If not , check with your insurance professional about coverage that might be available in a state insurance plan . The coveragemay be more limited than you have been used to having , and the pricing may be higher , but this might be another avenue . Finally , if you have a mortgage , they will be notified and if you are not able to obtain coverage on your own , trust me , they will obtain it and pass the premium on to you . "}
{"input": "Is Life Insurance Subject To Federal Income Tax? ", "output": "Is life insurance subject to income taxes ? Usually , the answer is no . The proceeds of the death benefit are usually considered to be income tax free to the beneficiary because the policy owner had already paid taxes on the premium . Where the taxation would change would be where a tax deduction was taken on the premium . "}
{"input": "Is Life Insurance Subject To Federal Income Tax? ", "output": "In most cases the death benefit of a life insurance policy is not taxable as income . The only exception would be that if the type of policy seems to the IRS to be an investment in disguise . This is very rare . This is what makes life insurance an attractive way to save for final expenses . "}
{"input": "Does State Farm Renters Insurance Cover Flood? ", "output": "State Farm renter 's insurance does not cover flood . In fact , no renter 's insurance policy covers flood since it must be purchased separately . It is a specific risk that has been handled by a government agency in the past . If you are in a flood zone or are at risk for flood damage , you can speak to a broker about rates and policy information . "}
{"input": "Where Can You Buy Annuities? ", "output": "You can buy annuities from life insurance agents who offer them . These agents may be in an agency offering many companies or represent just one company . They may be financial planners . They may have websites . You should call around and ask if they have expertise in annuities , because that is very important in annuity sales , due to the large amounts of money involved and the many product features to choose from . "}
{"input": "Where Can You Buy Annuities? ", "output": "You can purchase annuities at an online brokerage outlet thatdistributeshundreds of tax deferred annuities andsingle premium annuities to give you a broad based selection to choose from . Make sure that they also sell variable annuities as an option . some brokerage outlets don not sell securites and they may be product you 'll want to consider . "}
{"input": "Does The Military Have A Retirement Plan? ", "output": "The Military does offer three retirement plans . The one that you would receive is based on your DIEMS -LRB- Date of Entry Into Military Service -RRB- . They are called Final Pay , High-3 , and REDUX . Benefits are calculated based on your number of years in service , the year you will retire , basic monthly pay received , a multiplier , and cost of living factor . "}
{"input": "What Is Personal Liability In Home Insurance? ", "output": "Personal liability is what protects you from lawsuit if someone is injured on your property . We live in a litigious society , unfortunately , making higher limits of liability necessary . I recommend at least $ 300,000 for the average homeowner and more if you live in an upscale neighborhood . It is a protection for you and the cost is not that great . "}
{"input": "How Much Critical Illness Insurance To Buy? ", "output": "It would depend on your individual situation . I would look at how much money you would need to keep the family going if youdevelopa critical illness and can not work . Take in consideration disability payments , health insurance , and affordability . A good agent will sit down and help you evaluate your individual situation . "}
{"input": "How Much Critical Illness Insurance To Buy? ", "output": "It would depend on your individual situation . The quick answer would be as much as you can afford . Take into consideration what you will lose in income and whatexpensesyou mightincur . Aflac has a tool on their site that can helpdetermine the cost of an illness called the real cost calculator . Check it out at WEBSITELINK This you figure out what you might need and possible cost . "}
{"input": "Does Personal Auto Insurance Cover Rental Vehicles? ", "output": "There are a couple of angles on this question . And as always , check with your agent . Coverage varies by state and insurance company . In Illinois , your owned vehicle insurance policy generally extends coverage to the temporary use of a rental car , rented in the 50 states and Canada . The same coverage applies . That means that if you do NOT have physical damage coverages on your own policy , i.e. collision and comprehensive , you wo n't have them for the rental vehicle either . You would then need to purchase the physical damage waiver from the rental agency . All of this discussion refers to the rental of a private passenger vehicle . If you 're moving and rent a truck for your belongings , your personal auto insurance will probably not cover it . If the original question relates to coverage to pay for a rental vehicle , most companies provide the optional coverage in the event of a covered claim . "}
{"input": "How Much Is Medicare Per Year? ", "output": "If you are age 65 or over , Medicare Part A is usually free . Medicare Part B for most people is about $ 105 per month -LRB- as of 2014 -RRB- . It can be a little higher based on your income over the last 2 years . In addition to that you need to factor in the cost of a Medicare Supplement Plan and a Medicare Part D prescription drug plan . To get an idea of what Medicare Supplement plans would cost , you can compare plans on our website or give us a call at 1-888-407-8664 . "}
{"input": "Can You Borrow From A Term Life Insurance Policy? ", "output": "Term life insurance has no cash value , so there nothing to borrow . But as personal property , an existing term life insurance that is convertible to permanent life insurance for older insured may have the potential to be sold in the life settlement market for cash . "}
{"input": "Can You Borrow From A Term Life Insurance Policy? ", "output": "Term life insurance does not have any cash value , so it is not possible to borrow from a Term life insurance policy . Term life insurance is `` pure protection '' that only covers financial loss from death , and does not provide the options for accumulating cash value like permanent life insurance does . "}
{"input": "When To Apply For Homeowners Insurance? ", "output": "Most homeowners policies are purchased to coincide with the closing of escrow . The title company arranges with your insurance agent to provide an insurance policy on that specific date . The policy can be replaced on any date . If you want to change companies you need to notify your existing carrier and if the policy is being paid out of escrow , they will need to be notified as well . "}
{"input": "Can Health Insurance Premiums Be A Tax Deduction? ", "output": "Health insurance premiums can sometimes be a tax deduction . Depending on the type of policy you have , and how you file your return , you could benefit from tax deductions . More often , healthcare expenses -LRB- instead of premiums -RRB- receive the best tax treatment . For example , a Health Savings Account -LRB- HSA -RRB- will allow you to deduct qualified deposits into the side-account . The money you deposit must be used for health , dental or vision expenses that are approved by the IRS . If you itemize , under certain circumstances , you can deduct some medical expenses if you meet certain restrictions . "}
{"input": "Can Health Insurance Premiums Be A Tax Deduction? ", "output": "Premiums are tax decuctible for any self employed person or business owner if they utilize an IRS sanctioned health reimbursement program called a HRA105 . To take advantage of the HRA105 you must have a written document prepared by a professional at an average cost of $ 300 . USHeath Advisors business association will prepare the documentation free for clients or association members.For individuals ; an HSA -LRB- Health Savings Account -RRB- would be the way to go . Although it does not give tax breaks on premiums ; it does on deductibles , dental , chiropractic etc. . "}
{"input": "Does Medicare Pay For A Breast Reduction? ", "output": "If you look on page 56 of your Medicare and You book there is a list of things that Medicare will not cover like Long-term care or custodial care , routine dental or eye care , dentures , acupuncture , hearing aids and exams for fitting them and yes cosmetic surgery is also not covered . With that being said if your doctor find thats it is medically necessary to perform the reduction to elevate pressure from the spinal column that is causing you sever back pain , then it may be covered but you need to check with your doctor and get his professional opinion . "}
{"input": "What Company Has The Cheapest Renters Insurance In New Jersey? ", "output": "The desire to have Renters Insurance is one that varies in different geographic areas ; the decision to purchase Renters Insurance is either due to sense of responsibility , the requirement by the Landlord or both ! The mostaffordable Renters Insurance in New Jersey is underwritten by Stillwater Insurance Group . Renters Insurance is a very valuable and inexpensive option to cover the tenant fromthe results of a Negligent Act ; this would be covered by the Personal Liability section of the policy , this part is also not subject to the deductible on the policy . In addition to the Personal Liability section , thepolicy will offer protection for Personal Contents against a number of perils including Fire , Theft , Water Damage and a number of additional perils listed on the specific policy . Coverage forms vary from State to State . There is an online method to obtain a quote and purchase renters insurance online directly in multiple States ; the following linkwill be very helpful : WEBSITELINK It is our recommendation to select the highest available Liability Limit , the sufficient amount of Personal Property and a high deductible ; these selections will produce ample coverage with a low premium rate . For additional questions and/or assistance not available on the automated process , we recommend contacting a licensed professional for guidance . "}
{"input": "How Does Long Term Disability Insurance Work? ", "output": "Long term disability traditionally covers you until age 65 against prolonged illness and injury . Many advisers call disability insurance , paycheck protection . Most working Americans have 90 days in cash reserves , so a traditional elimination or waiting period is 90 days before tax free benefits begin . Disability insurance is part of a solid defensive plan and in tandem with term life insurance can deliver the peace of mind workers need . "}
{"input": "How Does Long Term Disability Insurance Work? ", "output": "You select how long you want your long term disability policy to work when you buy it . You can pick it to last a number of years , or you can pick it to last to age 65 . The length of coverage and elimination period will affect the price you pay . "}
{"input": "How Does Long Term Disability Insurance Work? ", "output": "How does long term disability insurance work ? Well you get to choose how long before it starts and how long it runs along with features that take effect when the policy is used . All of these aspect effect your cost . Actually long term disability is a very easy product to choose from as you can get a grid of waiting period and payout period on a spreadsheet to help put your policy together . You can choose when the policy starts , when it ends and if it grows with inflation or allows for partial disability and payments . "}
{"input": "How Can I Find Out If Someone Has A Life Insurance Policy? ", "output": "The first place that you can check is Policy Locator Service through the Medical Information Bureau . MIB Group , Inc is a cooperative data exchange formed by the North American life insurance industry in 1909 . There is a cost associated with the search but it will return results via mail with a list of queries by insurance companies for underwriting on the search subject , from whenever they were `` shopped '' for insurance . Keep in mind , that this is not 100 % inclusive for all insurers . The search form is located here WEBSITELINK Secondly , through some sleuthing using either the above list or my following list of suggestions , you should contact the insurers on your target list , in order to verify the active policies . Where to search : - Credit card and bank statements : Go back through the insured 's financial records and look for periodic payments to insurers , whether it be on a monthly , quarterly , semi-annual or annual basis . This should indicate who the insurer is/was based upon where the money is paid to . - Banks , Credit Unions , Credit card companies : Often times , many banks , lenders and credit companies offer group policies for their account holders for as little as $ 1,000.00 of coverage and higher amounts based upon certain requirements . Check with these groups to see if they had offered any of these products at any point in time . - Pay stubs/Employers and Benefits companies : Many employers offer a basic life or AD&D policy to full time employees for free as well as inexpensive group policies . Deductions for the premium payments on the group policies may be found on the insured 's pay stub . However , many times , this coverage is only active when the insured is employed . - Split Dollar/Executive Compensation plans : Some employers taking advantage of tax regulations , used life insurance to pay benefits to key employees which may have also been part of Supplemental Exec Retirement Plans -LRB- SERP -RRB- . Verify with the insured 's former employers if any plan existed . - Unions , Pensions and Fraternal organizations : Many Unions and Pension funds may have a small paid-up policy on the insured as part of their benefits package . The same goes for Fraternal organizations including Knights of Columbus , Elks , Masons , etc. . Many times the search is no easy task however , after a bit of detective work and dedication , you may uncover a handful of forgotten or unknown small policies , where the cumulative benefit adds up and more than justifies the search ! "}
{"input": "At What Age Do Life Insurance Rates Increase? ", "output": "The age at which life insurance premiums increase , IF they increase , depends on the policy you have . If you have term life insurance , premiums will go up when the guaranteed period ends . That is usually when the number of years in the term is up -LRB- e.g. if you have 10 year term , premiums go up 10 years from the time you purchased the policy -RRB- . However , some premiums are not guaranteed to stay the same for the full term period . So be sure to ask what the `` guaranteed level '' period is when you buy your term life insurance policy . With Whole Life or Universal Life , you might never have a price increase . Again , it depends on the policy . Some organizations offer policies that can raise rates at any time , as long as you are not singled out for the price increase . Others will raise rates every 5 years , or at certain ages . If you buy a Whole Life or `` no-lapse '' Universal Life policy from an agent , your premium will usually be locked in for your lifetime . "}
{"input": "At What Age Do Life Insurance Rates Increase? ", "output": "Life insurance is all about statistics . If you search the internet for a chart of life expectancy you will find that there is a slight increase each year until the curve heads uphill quickly as you mature . The rate the company charges reflect that difference . Similar coverage will cost more next year than it does now . "}
{"input": "At What Age Do Life Insurance Rates Increase? ", "output": "Rates for life insurance increase each year as you grow older . The number of people who die at your age and sex increases with each passing year . Most insurance policies promise level payments for a period of years . Whole life policies guarantee that the premiums wont increase and that the death benefit will remain level . Other forms of permanent insurance project premium deposits that could keep the policy in force throughout the lifetime of the insured , however , the policies themselves do not guarantee the death benefit for life . "}
{"input": "At What Age Do Life Insurance Rates Increase? ", "output": "That is an excellent question ! With most whole life policies , the payments are generally set , and do not rise . When you are looking to purchase a policy , the cost will increase the older you get - so a policy purchased at the age of 15 will almost always be much less expensive than the same policy purchased at the age of 51 . Term policies will either increase as you enter new age bands -LRB- AARP , AAA , for example , that increase every 5 years -RRB- , or after the guaranteed rate period ends.It will rise once the policy ends , if you choose to renew it . Once you start the yearly renewal process , be aware that the price will get astronomically more expensive each time . I hope that helps , thanks for asking ! "}
{"input": "At What Age Do Life Insurance Rates Increase? ", "output": "The easy answer is every age the premiums for life insurance will increase . Life insurance premiums are based on mortality rates and multiple risk factors . Age is the one risk factor that is constant , the older we get , the closer we are to our demise . The lesson is to purchase as much life insurance as young as you can for as long as you can . "}
{"input": "At What Age Do Life Insurance Rates Increase? ", "output": "At what age does life insurance increase ? Every year . It begins as an easy stroll in your younger years . I mean who ca n't afford a price increase in the cents ? The problem is as you age the stroll becomes a walk up a hill and later on in your late 50s it starts to look like a mountain climb until it hits a point where the price paid for a few years is greater than the benefit received . If you feel you will need coverage for a long while , look at freezing that cost for extended periods of time from 10 to 20 years up to your lifetime . These will cost more than the cost of the moment , but will be cheaper for the long run . "}
{"input": "At What Age Do Life Insurance Rates Increase? ", "output": "Every year , your cost of insurance or COI goes up . The older you are , the higher your COI goes . Let 's talk guarantees for a minute . You can get a term policy guaranteed up to 30 years if your within issue ages . After that term , your COI is much more let alone any health concerns or issues that arise during those years . You may want to consider looking at a guaranteed permanent life insurance policy , or what I refer to as `` term for life '' which will be more expensive that just a term but less expensive if you wait for that term to mature . I recommend talking to your broker and ask about seeing the costs of insurance for different products . Remember , if you wait until tomorrow , your costs could go up so just be aware of what the cost is for waiting . "}
{"input": "At What Age Do Life Insurance Rates Increase? ", "output": "For the most part , if you wait and buy life insurance next year , the premium you paywill probably be more than if you had bought it today . Age isone factor when buying Life Insurance , so the longer you wait , the more it will cost . Once you have a policy , however , then the premium you pay depends on the type of policy you have . If for example , you buy a `` Level Term '' policy , then the premium will stay the same for the number of years stipulated , usually 10 , 15 , 20 or 30 depending upon the policy type you chose . At the end of the stipulated term , your premium will increase . If on the orher hand , you bought a traditional `` Whole Life '' policy , then more than likely you will not see any premium increase for the life of the policy . Discuss your options with your Insurance Professional to determine the type of policy that best suits your needs AND review that policy regularly to be sure that it continues to do so as your life circumstances change "}
{"input": "At What Age Do Life Insurance Rates Increase? ", "output": "With term life insurance , rates increase when the term ends . E.g. . If you have a 20 year Term policy that costs $ 50/mo , the rate could increase to over $ 500/mo at the end of the 20 years . Your choices at that time are to buy a new policy -LRB- if you can qualify for one -RRB- or go without life insurance . If your policy has a conversion feature , you could convert your policy to permanent before the term ends . With permanent life insurance , it is possible that the premiums will never increase . It depends on whether you buy whole life , universal life , or a variation of either . If you already own a policy , you can consult your policy and look at the guaranteed premium to see if your policy premiums will increase in the future . "}
{"input": "What Is A Good Renters Insurance Company? ", "output": "The best homeowners insurance policy is the one that you own when you suffer a loss . It is the only policy that you can turn to for relief . Having a policy in force is critical . That policy is sold by an insurance agent who will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . Setting appropriate limits is the most critical task the agent will help you do . "}
{"input": "What Is A Good Renters Insurance Company? ", "output": "A good Renters Insurance Company is one that is well rated , financially stable and provides the necessary coverage for your Personal Property -LRB- Contents -RRB- and ample Personal Liability Coverage . We recommend sufficient contents coverage to replace your furniture , appliances and clothing and also the highest available personal liability coverage available ; in many cases the premium difference between the minimum and maximum amount of liability may be as little as $ 35 per yeardepending on the geographic location of the insured risk . Should you be seeking a lower premium , we suggest raising the deductible rather than lowering your necessary coverage . Taking a little more risk on the front end will prove to lower your premium substantially as the majority of longer term insured customers take the higher deductible options , enjoy a lower premium and thus remain loyal to the respective carrier for a long time . There is a link available to provide an online format to obtain a quote and buy renters insurance online in multiple States.for those that would rather shop the riskand buy insurance online without the personal interaction of an insurance agent , this may prove very helpful.An exemplary online experience for all ! WEBSITELINK "}
{"input": "What Health Insurance Covers Artificial Insemination? ", "output": "Most health insurance plans will not cover artificial insemination , or any other infertility treatment . These procedures are considered elective . Sixteen states have mandates requiring plans to cover certain infertility treatments . Each state law is different . The laws primarily apply to group health plans issued in the state . If your employer is headquartered in a mandate state that includes artificial insemination , there is a possibility AI is covered . "}
{"input": "How Do Medicare Supplements Work? ", "output": "Medicare supplement plans are designed to dovetail into your original Medicare coverage . Medicare is primary , your supplement plan is secondary . Any Part A or Part B claim that Medicare approves is automatically covered by your Medigap carrier . Approved does not mean your carrier will pay the claim . Your plan may not pay some deductibles , or excess charges . "}
{"input": "Is VA Life Insurance Taxable? ", "output": "VA Life Insurance is not taxable , as long as the beneficiary of the policy is not the `` estate '' . When life insurance proceeds are left to the estate , they are taxable , whether issued by the Veterans Administration or from a private source . But life insurance proceeds left to a person or group do not generally incur income tax . VA Life Insurance is also subject to estate tax if the amount of the death benefit , added to the value of the estate , exceeds the exempted amount . Only the excess is taxed with estate taxes , and the federal exemption is 5.25 million this year . Some states have state estate -LRB- inheritance -RRB- taxes and some do n't . "}
{"input": "Can You Remove Spouse From Health Insurance? ", "output": "Yes , you can absolutely remove your spouse from your plan . If the spouse happens to be the primary on the plan , there should n't be an issue moving you into that primary spot . If the spouse is not primary , then I could n't imagine any reason at all that there would be an issue . "}
{"input": "How Do Health Insurance Companies Determine Premiums? ", "output": "In today ; market , Health Issures have to offer Essential Health Benefics each state may have defferent plans , but they must meet the Qualified Health Benefits for that state . There are five levelsthat the Marketplase has to offer . Every state does not offer all levels , but they must offer at least two . The Affordable Care Act wiil moniter Insurance Issuers to make sure that the Insurance Issues have Essential Health Benefits in place for that State . You may be elligible for tax credits or cost sharing , in some cases you may not have to pay premiuns . It is important to look at all of your option . You can get insurance in the Marketplace or outside of the Marketplace . Remember premiums may be based on what state you reside in . Good luck in your endevor . Remember we all should have coreage availible to us . "}
{"input": "Why Is It Important To Start A Retirement Plan As Soon As Possible? ", "output": "A columnist for Fool.com , Morgan Housel , just wrote a terrific article on this topic titled , An Open Letter to Everyone Under Age 30 . He describes why the best estimate for what stocks will return over many decades is 6.6 % per year , and then goes on to put some real numbers to what 6.6 % growth means : Every dollar saved by a 20 year old for the 45 years until retirement will grow to be worth $ 18.50 . Since a 30 year old only has 35 years until retirement , each dollar saved will only be worth about $ 9.60 . As Housel says , `` Saving a little bit of money when you are young can be a more efficient way to build wealth than saving a lot when you 're older . '' "}
{"input": "Why Is It Important To Start A Retirement Plan As Soon As Possible? ", "output": "Albert Einstein was fascinated over the mathematical power of compounded interest over time . The sooner you start saving for retirement the better . The consequences for procrastination are expensive and will dictate the lifestyle you 'll lead in retirement . A retirement plan is essentially paying yourself first . Social Security may be inadequate , so it 's up to you to fund your own retirement , starting today . "}
{"input": "How Much Does Mortgage Life Insurance Cost? ", "output": "Mortgage Life Insurance sold by most life insurance agencies is simply Term life insurance . The face amount does not decrease , so that if you pass away 20 years into the policy and 3/4 of your mortgage is paid off , your beneficiary can keep that 75 % of the death benefit to use for other purposes . The prices are very reasonable because this type of policy is sold everywhere and there is lots of competition . To find the cost of this mortgage life insurance , go to an online life insurance agency advertising `` instant quotes '' and run quotes to your heart 's content . "}
{"input": "How Much Is A Life Insurance Policy? ", "output": "Life insurance pricing is determined by age , health and type of policy . The cost is called your premium . Charges for insurance are different than costs . There are also two person policies called survivorship life insurance which reduces thecostsof a one person policy with the same insurance benefit . But your health , your age and the type of polciy you buy determine your premium and thus your cost . "}
{"input": "How Much Is A Life Insurance Policy? ", "output": "The cost of life insurance varies widely with the amount of coverage , the type of policy , and the age and health of the applicant . To find out what the lowest priced policies would be for someone with your age and health , you can go to a website that offers `` instant '' quotes . The rate will come up and you can change the variable to see what different types and face amounts would cost . Keep in mind that your rate could be higher based on your health and other risk factors . "}
{"input": "How Much Is A Life Insurance Policy? ", "output": "The smallest premium I have seen for a life insurance policy is $ 15 . The highest is in the millions . The amount of coverage that you can get for any given premium amount depends on your age , health history , tobacco use , gender , height-weight , etc. . Your independent agent will give you rates for many companies and help you understand which companies will approve you . "}
{"input": "How Much Is A Life Insurance Policy? ", "output": "Life Insurance is a mortality product . Individual life insurance is priced based on your mortality . Your mortality is calculated based on your gender , age , smoking status , health history , and current medical condition . There are also additional items that impact mortality like motor vehicle violations , hazardous vacation or recreational activities . There are two types of life insurance : term and permanent . Depending on the length of coverage will impact the premium as well . "}
{"input": "How Is Medicare Advantage Affected By Obamacare? ", "output": "Obamacare reduces funding for Medicare by more than $ 700 billion between now and 2020 . This means Medicare beneficiaries will pay higher premiums , higher copay 's and deductibles and more out of pocket . The reduced funding means fewer Medicare Advantage plans from fewer carriers . When you can find a plan expect it to cost more . "}
{"input": "How Is Medicare Advantage Affected By Obamacare? ", "output": "President Obama has said many times that he wants to end or reduce Medicare Advantage . He does not believe that for profit insurance companies should be competing with original Medicare with taxpayer money . Part of the funding for the Affordable Care Act -LRB- aka : Obamacare -RRB- is coming from cuts to the funding for Medicare Part C -LRB- Medicare Advantage . -RRB- It is expected that these cuts will increase premiums and reduce benefits for the people on Medicare Advantage and cause many of them to move back to original Medicare . Only time will tell . "}
{"input": "How Is Medicare Advantage Affected By Obamacare? ", "output": "Medicare Advantage plans are similar to Medicare except that actual insurance companies operate the Advantage contracts . The insurers are then paid -LRB- per insured -RRB- by the federal government . Obamacare is cutting approximately $ 200 billion from these types of plans and much of the reductions will take place in 2014 . But recently , more cuts were announced and these will certainly impact many Seniors who may have to pay higher rates or possibly lose coverage . The most recent changes involve lowering the reimbursement rates that insurers receive from the government . "}
{"input": "How Is Medicare Advantage Affected By Obamacare? ", "output": "The Affordable Care Act -LRB- commonly called Obamacare -RRB- has made a goal to gradually reduce the subsidies given by the federal government to Medicare Advantage plans to bring them in line with traditional Medicare . They froze the carrier subsidy levels in 2010 levels and in 2011 determined that Medicare Advantage plans can not charge more for Original Medicare for some services . Whether the ultimate goal of this subsidy reduction and its ultimate impact remains to be seen , so far , the impact upon Medicare Advantage plan premiums have been minimal . "}
{"input": "What Is Trade Car Insurance? ", "output": "Trade car insurance is also known as temporary trade-in car insurance . This is a type of auto policy that is designed to provide short-term coverage when you are between vehicles . However , rather than thinking of it as a separate type of auto policy , think of it as a regular policy with a shorter life , much like a short term or temporary health insurance policy that only covers you for a brief , predetermined number of days . Depending on the state you reside in , and how vehicle registrations are handled in your state , trade car insurance may not even be necessary or available . "}
{"input": "Does Renters Insurance Work? ", "output": "Renters insurance can be very beneficial . As far as `` Does it work '' the answer is yes . to give you an example we had an insured with 5 small children and they lived in an home they were renting they lost everything clothes toys and everything they owned . Not only did they get 40 thousand dollars to replace the belonging but they also had 3,000 to cover the expense to stay in a motel given back to them all for $ 100 a year for the insurance . Yes renters Insurance works "}
{"input": "Who Is Covered By Health Insurance? ", "output": "That 's a great question ! The answer is that because of the Affordable Care Act -LRB- Obamacare -RRB- everyone is now eligible to obtain health insurance coverage . Before the passing of the Act , insurers had the right to deny you coverage if you had an illness before applying for their policy . Calling it a `` pre-existing condition '' , one that you already had , they were n't obligated to assume responsibility for paying for it , and would deny you . That practice was outlawed under the ACA.Each person who wants health insurance that is unable to get it through an employer can now go to the WEBSITELINK website , and find a plan for them . There is an enrollment period each year in the fall when you can shop for and purchase your policy . If you need help , please feel free to contact me , okay ? Thanks for asking ! "}
{"input": "Who Is Covered By Health Insurance? ", "output": "The benefits under each individual health plan varies by company and metal level -LRB- bronze , silver , gold , and platinum - there 's also a catastrophic plan available to individuals under age 30 -RRB- . However , every plan has a set of 10 essential health benefits that they must meet , but carriers have the option to offer coverage above and beyond the essential benefits -LRB- the metal level is the big indicator on that -RRB- . The essential health benefits that every plan must meet are : 1 -RRB- Ambulatory Patient Services Health care services without being admitted to a hospital -LRB- e.g. visiting a doctors office or a clinic , home health services , and hospice care some plans may limit home health and hospice care benefits to no more than 45 days -RRB- . 2 -RRB- Emergency Services Care of conditions requiring immediate treatment -LRB- typically at an emergency room -RRB- , including ambulance transportation . You also cant be penalized for going to an out-of-network hospital . 3 -RRB- Hospitalization Care provided during a hospital visit , including services provided by doctors , nurses , and other hospital staff , medical tests , medications given during your stay , as well as room and board . Care received in a skilled nursing facility is also included in hospitalization coverage -LRB- note : some plans limit skilled nursing facility benefits to no more than 45 days -RRB- . 4 -RRB- Laboratory Services Tests a doctor completes to help diagnose an injury , illness , or other medical condition , or to monitor the progress of a treatment . Some preventative screenings may be fully covered . 5 -RRB- Maternity and Newborn Care Care women receive during pregnancy , including prenatal care , in labor , delivery and post-delivery , and care for newborn babies . 6 -RRB- Mental Health Services and Addiction Treatment Inpatient and Outpatient care that evaluates , diagnoses , and treats mental health conditions and substance abuse disorders -LRB- some plans may limit coverage to 20 days per year -RRB- 7 -RRB- Rehabilitative Services & Devices Rehabilitative and habilitative services and devices to help regain mental and physical skills that were lost due to injury , disability , or a chronic condition . Each plan has to provide 30 visits per year for physical or occupational therapy , speech therapy , cardiac or pulmonary rehabilitation , and chiropractor visits . 8 -RRB- Pediatric Services Care provided to children , including vaccines and immunizations . For children under the age of 19 , dental and vision care must be offered this includes two routine dental exams , an eye exam and corrective lenses each year . 9 -RRB- Prescription Drugs Medications prescribed by a doctor to treat a medical condition or illness . At least one prescription drug must be covered in each category and classification . 10 -RRB- Preventive and Wellness Services and Chronic Disease Treatment care includes physicals , immunizations , and certain types of screenings designed to prevent or detect certain medical conditions as well as care for chronic conditions such as diabetes and asthma . Please let me know if I can be of further assistance . Thanks very much . "}
{"input": "How To Get Health Insurance Under Obamacare? ", "output": "Obamacare health insurance is available through `` Open Enrollments . '' You can compare rates and apply online through one of our websites or , if you dare , the . gov website . No medical questions are asked and the new Obamacare federal subsidy could actually pay most or all of your premium -LRB- if you qualify -RRB- . There are four `` Metal '' plans and an additional `` catastrophic '' category for younger persons . "}
{"input": "Does Owning A Trampoline Affect Homeowners Insurance? ", "output": "For most insurance companies , presence of a trampoline is a cause for the company to decline the home . If a trampoline is detected on the property after the policy is issued , the policy will likely not be renewed . "}
{"input": "Does Owning A Trampoline Affect Homeowners Insurance? ", "output": "Great question ! The best thing to do would be to check with your agent first , and ask . There are many injuries every year from trampoline accidents , so there is an increased risk . Typically increased risk = increased cost . I can assure you that should someone be injured on your property , on your trampoline , and they file a claim against you for the hospital expense , your trampoline will end up costing you plenty . If you have more questions , please contact me , I 'm happy to help . Thanks for asking ! "}
{"input": "Is Hazard Insurance The Same As Homeowners Insurance? ", "output": "Yes hazard insurance is the same as homeowners insurance . It 's just different terms used by different people . So your lender may say homeowners insurance or hazard insurance or fire insurance and your talking about the same thing . This term may also be used by title companies as well . Usually it more of a location verbiage . Peoples in different areas just use different terms for the same thing . "}
{"input": "What Does Copay Mean In Health Insurance? ", "output": "A copay is a set amount of the bill you are responsible for . For example , if your policy has a $ 20 copay for doctors visit , and your doctor charges $ 100 per visit , your company pays $ 80 and you pay $ 20 . If your doctor charges $ 150 , you still only pay $ 20 Coinsurance is a percentage of the bill you may be responsible for . If you have a plan with 80/20 coinsurance and you have a $ 10,000 hospital bill , you will be responsible for $ 2000 -LRB- 20 % -RRB- and your company pays the balance "}
{"input": "What Does Coverage Length Mean In A Life Insurance Policy? ", "output": "The coverage length on a life insurance policy has a bit of a different meaning based on the type of policy . On term life policies the length of coverage refers to the time period that the premiums are level and guaranteed not to increase . For example a 20 year level term 's coverage length is 20 years at a set premium . After the 20 years , the premiums will increase exponentially . The coverage length on a cash value policy is the time period when the policy endows . For example the cash value meets the face amount at a predetermined age the policy endows . The endowment will change if any loans are ever taken against the policy . "}
{"input": "What Does Coverage Length Mean In A Life Insurance Policy? ", "output": "Coverage length means the length of time that your life insurance policy will stay in effect . Usually , the coverage length is referring to how long the policy will stay in effect at a level premium -LRB- level meaning the premium is guaranteed not to go up -RRB- . The coverage length assumes that payments are made on time and if a policy loan is taken , that it is repaid per policy guidelines . "}
{"input": "What Are Some Cheap Health Insurance? ", "output": "The premiums paid for health insurance like any other insurance is relative to the perception of value to the consumer . Most people do n't like to carry health insurance and consider any premium to be high at least until they use it and then this perception will either be confirmed or denied . Under the new ACA plans for those who did not qualify for a subsidy find that their premiums are much higher than what they are used to and even with a much higher deductible . There are some more affordable plans out there for those who have experienced the higher premiums . However , these plans do not qualify in the ACA rules so are subject to a tax penalty but , the savings in premium dollars could more than offset the higher ACA premium . For more information on this plan please contact . Ron Hinch , The Hinch Financial Group @ 843-450-9879 . "}
{"input": "Can Life Insurance Companies Refuse To Pay? ", "output": "It is conceivable that a life insurance policy was issued under false pretense that may be construed as fraud . Any misstatements , misrepresentations or material omissions can constitute fraud and create the basis for claim denial . In addition , claims will be denied if suicide occurs in the first two years of the contestibility period . "}
{"input": "Can Life Insurance Companies Refuse To Pay? ", "output": "Yes , life insurance companies can refuse to pay the full death benefit if the insured person committed suicide during the first two years of the policy , or if the insured person withheld known medical information at the time of application that resulted in death during the first two years of the policy . In those cases , they would most likely return the premiums paid . "}
{"input": "What Is The Best Health Insurance For Young Adults? ", "output": "The best health insurance for young persons is a policy that covers their conditions -LRB- if any -RRB- at the lowest available price . Often , that is either a `` catastrophic '' or `` Bronze '' plan . However , the `` Silver '' and `` Gold '' plans may be better options if there are expensive medications or ongoing procedures . Getting unbiased and professional help will save you hours of research and money ! There are specific plans set up for college students and persons under age 26 . LIVE answer provided by : Ed Harris - Premier health insurance broker for 33 years and owner of several top-rated websites that offer the lowest available rates for young adults . "}
{"input": "What Is The Best Health Insurance For Young Adults? ", "output": "The best kind of health insurance is the kind that is best for you . There 's a difference between the most comprehensive coverage and what is most suitable -LRB- or `` best '' -RRB- for you . Two questions that are helpful in pointing you in the right direction to find the plan type that 's best for you are : 1 -RRB- do you want the most comprehensive coverage you can get or are you willing to take on a larger share of the risk/costs to keep your premiums down ? 2 -RRB- what is your budget ? maximum dollar you 're willing to spend ? Under the Affordable Care Act , there are four main benefit levels - bronze , silver , gold , and platinum . Platinum plans are going to provide the most comprehensive benefits , but will also feature the highest premiums . Not everyone will be able to afford a platinum plan , which is why bronze , silver , and gold are available as well . The idea being to reduce your premium , you take on a little more risk - meaning you 're willing to take on a higher deductible , higher coinsurance/copayment , etc. to keep your premiums down . You may also want to see if group coverage is available through your employer . Group coverage can provide many benefits as well , such as lower premiums -LRB- the employer contributes to a percentage of the premiums for each employees plan -RRB- - the trade-off to keep in mind is that for group plans , if you left the company or youremploymentwas terminated , you lose the coverage . Anindividual plan will stay with you wherever you go . It 's always helpful to consult with an experienced broker regarding your coverage . We have in-depth knowledge of products from multiple carriers and work on a personal level with our clients and help them find the coverage that will best serve their needs . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much ! "}
{"input": "How Soon Does Life Insurance Payout? ", "output": "From my experience most life insurance policies pay the proceeds within a couple of days once they are in receipt of a certified copy of the death certificate . There are always exceptions to this rule , especially if circumstances surrounding the death are suspicious or they die within the 2 year contestibility period . "}
{"input": "How Soon Does Life Insurance Payout? ", "output": "Great question ! Insurance companies are required to make quick payments after the claim is filed . That said , they will need the claim filled out and sent in by you , and the death certificate received also , so it is best to get those in as quickly as possible . If there is a question about the circumstances or cause of death , the company may require more time as the death is investigated . In most cases , you will see the funds from a normal death within a couple of weeks . Thanks for asking ! "}
{"input": "How Soon Does Life Insurance Payout? ", "output": "Life insurance proceeds can vary from insurance company to insurance company , but usually from a few days to a few weeks . The important thing is to fill out the proper paperwork and have a certified copy of the death certificate . Once the claims department of the life insurance company has all the forms and supporting documents the claim should be processed in a timely manner . "}
{"input": "What Is Guaranteed Cash Value For Life Insurance? ", "output": "The guaranteed cash value in a life insurance policy is a byproduct of levelized premium . The risk of dying increases as you get older and when you pay a level premium the insurance company sets aside some of the premium to offset the risk as you get older . The guaranteed cash value is this reserve . If you have further questions please do not hesitate to contact me . "}
{"input": "Can Auto Insurance Companies Raise Rates? ", "output": "Each renewal of your auto insurance insurance policy your carrier if they wish may raise your auto insurance premium . A notice of the increase in rates is typically sent at least thirty days before the policy comes up for renewal . Almost all auto insurance policies are active for a six month or one year term . "}
{"input": "How To Change Home Insurance? ", "output": "To change your coverages for your homeowners insurance contact your local agent or your insurance carrier to discuss your coverage concerns . If you are looking to change carriers , contact local agents in your area to find out about coverage availability and pricing within your geographic location this service is provide at no cost typically . "}
{"input": "What Is Social Security Disability Insurance Program? ", "output": "Social Security defines a disability as expected to last at least one year or to result in death and prevents one from doing any substantial , gainful work . Through our Social Security system here in the United States , benefits are available for workers -LRB- and their families -RRB- who have earned enough work credits to be eligible for Social Security disability benefits . What that means is that the individual must have a proven work record of credits in order to qualify for disability benefits under Social Security , and they must have paid into the system in order to obtain a benefit from it . -LRB- For young workers , the criteria are a little different because of their limited time in the employment market . -RRB- "}
{"input": "Will My Health Insurance Cover Breast Augmentation? ", "output": "Breast augmentation is generally considered a cosmetic procdure and not a medically necessary procedure , therefore , it is usually not covered . Breast reduction can be considered medically necessary and covered by health insurance if the breasts are causing back and neck issues . If it is considered medically necessary the surgery is covered once a woman is 18 years old and an adult . "}
{"input": "Do I Need Renters Insurance In Massachusetts? ", "output": "Massachusetts does not require you to obtain `` Renters '' insurance as it does auto insurance but your landlord or just good judgment may suggest this coverage be considered . Renters or Tenant/homeowners coverage provides coverage in three principal areas ; Damage to your personal property -LRB- clothing , furniture and/or household items -RRB- , Additional expenses to live in temporary quarters should your apartment or building be damaged or destroyed by a fire , wind or other covered cause , Personal liability coverage should certain acts cause injury or damage to someone , possibly your neighbors or even the building you occupy . Anyone responsible for maintaining a household should at least consider securing this type of coverage . It beats digging into your savings after a storm or fire or waiting for the Red Cross to give you a shirt , a bed and a hot meal . The cost for a basic policy would be in the $ 150-200 per year range . It certainly would be considered as important as maintaining comprehensive and collision insurance on a used car . In fact , simply increasing your deductibles on your car insurance may reduce your premiums enough to permit you to secure a basic policy . "}
{"input": "Is Government Health Insurance Cheap? ", "output": "What do you mean by government health insurance ? If you are asking about a government health insurance plan such as Medicaid then I guess you could say it 's cheap as that is a program for the poor for which they do n't really pay anything . If you are asking about health insurance for Federal government employees they have many health insurance plan options at different price points to choose from . I do n't think many government employees think their health insurance is cheap even though their coverage is largely paid for by the government . Certainly in comparison to most of their peers in private sector companies these days most government employees pay less for their health insurance coverage . "}
{"input": "What Are The Different Kinds Of Life Insurance? ", "output": "There are two types of life insurance coverage : term life insurance and permanent life insurance . Term life insurance is generally offered in five year increments like 5 , 10 , 15 , 20 , 25 and 30 years . Permanent life insurance has four versions : participating whole life insurance , current assumption universal life insurance , indexed life insurance and variable universal life insurance . "}
{"input": "What Are The Different Kinds Of Life Insurance? ", "output": "There are two genres of Life Insurance , -LRB- Term and Permanent -RRB- , but there are at least 10 different Kinds within those genres . So your question is a very important one to know the answer to ! Universal Life is most often referred to as Permanent insurance , but it 's really a hybrid of Term and Whole Life ... and it will expire and be void of cash value and any benefits at some point unless you ` over fund ' it . Unfortunately that part is rarely explained to people when buying insurance . The main kinds of Term Insurance are Mortgage , Credit and Life . They 're all basically the same in that they are in force for a limited period of time and pay the benefit amount to the named beneficiary upon the death of the insured . In the case of mortgage and credit policies the beneficiary is the mortgage or credit provider . In the case of Term Life usually the beneficiary is the spouse , children or other relative of the insured . Also with Term Life there may be an accelerated benefit rider that pays a percentage of the death benefit to the insured in the case of critical or chronic illness or injury . There are a large variety of Permanent Life policies available . Whole Life Paid Up at a predetermined age , -LRB- such as 65 , 95 , 121 , etc -RRB- , is the kind that never ` expires ' and continues to grow cash value until the benefit is paid . As mentioned above there are `` Universal Life '' policies , which can be ` fixed ' , ` indexed ' or ` variable ' . Indexed and variable are tied to the stock market with regard to their cash value , but all are a hybrid of term and permanent . There are other kinds of Whole Life designed for business partners , -LRB- Buy out -RRB- , and for businesses , -LRB- Key Man -RRB- , etc. . So when looking to implement life insurance your best bet is to utilize the services of an insurance Adviser who is not tied to just one provider and can be unbiased help you to determine the best policy for your specific needs and goals . Please contact me if you want more information . "}
{"input": "What Is Bankers Life Insurance? ", "output": "Bankers Life is not an insurance policy it is the name of a company . There are actually several companies that include Bankers Life as part of their name . Bankers Life and Casualty is the largest . There is also Bankers Fidelity and others but when people say Bankers Life they are usually referring to Bankers Life and Casualty . "}
{"input": "Do You Need Long Term Disability Insurance? ", "output": "That depends on how long you could live without your paycheck . Long term disability insurance is designed to replace a portion of your income if you were to become sick or injured and could no longer work . Consider how much your ability to make an income is worth . If you make $ 50,000 per year and assuming you never got another raise and were planning on working for 30 more years , your income would be worth $ 1,500,000 -LRB- $ 50,000 X 30 -RRB- . This about it this way ... if your car is worth $ 15,000 and lets assume you pay $ 100 per month for car insurance . If your income is worth $ 1,500,000 , does n't it make sense to pay $ 100 per month for a long term disability policy to protect that ? "}
{"input": "Do You Need Long Term Disability Insurance? ", "output": "Do you need long term disability ? Well it will depend on what you have saved and set aside for yourself . Having assets that you are willing to liquidate allows you to push the need for long term care back and will lower the premium . The need is going to be based on what you have , what you need and what standard of living you want to maintain if you become disabled . "}
{"input": "Do You Need Long Term Disability Insurance? ", "output": "If you can not live for more than a few months without your paycheck , you need long term disability insurance . Becoming disabled , even for several months , is a traumatic experience . It affects you physically and emotionally . Being faced with financial hardship on top of that can be devastating . Disability insurance pays you income while you are disabled , in cash , so you can use it where it is needed . Nothing is more valuable than that when you are hurting and unable to pay your bills , aside from getting better and the support of those around you . "}
{"input": "Can An Illegal Immigrant Get Life Insurance? ", "output": "Most life insurers in the US stipulate that the proposed insured must be a permanent resident of the US . That means a US citizen or a non US citizen who is a lawful permanent US resident -LRB- green card -RRB- or on certain visa types . There would also have to be a means to pay premiums and a demonstrable life insurance need i.e. generating earned income or assets to protect here . Some insurers have developed foreign national programs that can also work in situations where established US interests and ties exist plus meeting some additional criteria . Citizens of some countries may not be eligible . It can be a complex area of field underwriting - so much so that our firm has developed a special questionnaire to help shop for coverage . Be sure to work with a life insurance professional with experience in this area . "}
{"input": "Can An Illegal Immigrant Get Life Insurance? ", "output": "There are several life insurance companies that do not ask the citizenship question . Therefore , an illegal immigrant can purchase life insurance regardless of citizenship status . You will need to shop to find those carriers as most mainstream life insurance companies will require citizenship or permanent resident status . In order to purchase life insurance all of the other questions must be answered and there must be reasonable health , means to pay premiums , a need for the life insurance and an insurable interest as a beneficiary . I would recommend using an experienced independent life insurance broker to help find those life insurance carriers that do not ask the citizenship question . "}
{"input": "Can An Illegal Immigrant Get Life Insurance? ", "output": "Life Insurance is sold internationally , so as long as a person can show he has the means to pay and can qualify health-wise , his alien status is not an issue . I have not seen any question on a life insurance application that would disqualify a person due to alien status . "}
{"input": "Who Offers The Best Life Insurance Plan? ", "output": "The life insurance company that offers the best life insurance plan is the one that has the best price for the exact coverage you need from your unique situation . Here is the problem all policies are completely different and the insurance company has a different risk tolerance and marketing budget to have a one size fits all price . I recommend using an experienced independent broker to professionally shop for the best product at the best price to meet your goals and needs . "}
{"input": "Who Offers The Best Life Insurance Plan? ", "output": "Of course , the best policy is the one you can afford . But , in my opinion , the best product is an Indexed Universal Life Policy , through National Life Group , and brokered through Premier Financial Alliance . Why ? Because that policy offers Living Benefits , including chronic illness , chronic care , and more , all at a cost the same or less than most companies offer their simple life insurance policy with payment by those folks only at death , while National Life will pay you while you are alive ! Talk with an agent enrolled to sell these exclusive products . GARY LANE . Thank you . "}
{"input": "Who Offers The Best Life Insurance Plan? ", "output": "There is no one company that offers the best life insurance plan . Insurance companies usually have a niche where they have better prices , or are more risk tolerant , or offer more features , or have better returns than another company . Finding the company that has what you need makes it the best plan for you . "}
{"input": "Who Offers The Best Life Insurance Plan? ", "output": "The key is to contact a recommended life insurance agent . Friends , colleagues , and neighbors will be happy to give you a recommendation . A good agent will listen to you , provide sound financial advice and communicate clearly with you and the company . The agent is trained to match your needs to your budget . "}
{"input": "How Do Life Insurance Companies Test For Smoking? ", "output": "When applying for a policy that uses medical underwriting , most life insurance companies test for smoking through both a urine test and a blood test on samples collected during the life insurance exam . If you are purchasing a policy that does not require taking an exam , neither of these tests are done . "}
{"input": "How Do Life Insurance Companies Test For Smoking? ", "output": "Yes they do . The urine analysis test captures cotinine levels a byproduct of nicotine . Amazingly enough it doesnt take many cigarettes to detect cotinine , so reducing or quitting cigarettes just before the test is futile . That being said , cigarette secession has benefits that many life insurance companies credited to the policy insured if they stop smoking . "}
{"input": "Which Are The Best Variable Annuities? ", "output": "Variable annuities are securities . You can lose all your money , unless you deposit the entire amount into the guaranteed interest rate account . Before moving forward with variable annuity recommendations you must first , like all security purchases , establish your financial profile , risk tolerance and economic goal to establish client suitability for this and/or any other product . The present variable annuities may be too expensive for the value proposition of an investor . Last decade , during the interest rate arms race , variable annuities had economic viability . Today these policies have changed enough to warrant due care examination of the cost versus the value they deliver . "}
{"input": "What The Best Life Insurance Policy To Get? ", "output": "The best life insurance policy to get is the one that will pay a death benefit when you die . If that isnt your concern , then it would be a policy that pays a death benefit should you die during a specified period of time . The best policy in the first case is a permanent policy with a guaranteed death benefit . In the second situation select a term policy that will cover the period of time that concerns you . "}
{"input": "What The Best Life Insurance Policy To Get? ", "output": "The best life insurance policy for you is the policy that accomplishes all of your financial goals for the best premium rate for your age and health . You first have to determine the face amount of life insurance needed , then determine the time period needed . After that , you need an experienced agent to help you determine your rating class based on numerous factors like age , build , health , lifestyle , income , etc. . THEN you can determine the best life insurance policy to purchase . "}
{"input": "What Is Car Insurance Group N? ", "output": "Car insurance group N is a rating for vehicles in Britain . It typically is referring to a car that is fairly high-performance and probably expensive to insure . Here in the US , we use -LRB- almost all carriers -RRB- different types of rating . Symbols are often assigned to the vehicle you are insuring , which is one factor that helps determine the rate . "}
{"input": "Which Homeowners Insurance Is Best? ", "output": "I really like Frank Lombards answer . I would just add that the company is important but certainly not critical . The essential elements that make a policy best are the relationship that you have with the agent and the limits that you select . You are choosing someone who you want to stand with you when the unimaginable occurs , chose well . "}
{"input": "Which Homeowners Insurance Is Best? ", "output": "-- > Normal 0 The Best homeowners insurance policy is the one that is going to do what you want it to for what you are willing to pay . So what do you want it to do ? Pay for any damage to your home ? The Best policy would guaranty your home would be repaired or rebuilt if damaged by any cause . All policies will have exclusions or limitations . The Best policy will have the fewest exclusions or limitations . Reimburse you for loss or damage to your personal property ? The Best policy will repair or replace -LRB- new for old -RRB- your property should it be damaged from any cause . Again , most policies will have exclusions and limitations , the Best policy will have the fewest exclusions and limitations . The Best policy will include a Personal Liability limit not less than $ 300,000 and offer a good Personal Umbrella should you need or want higher limits . The Best policy will be offered by an agent or insurer who will take the time to alert you to all the policy amendments available to address your specific needs . The Best policy will be offered by an agent or insurer who will stand with you should a claim occur and help you return to your pre-loss position . In my opinion , the Best policy will be the one that will do all the above for the most favorable premium . "}
{"input": "What Is Meant By Deductible In Health Insurance? ", "output": "A Health Insurance deductible is the amount you would be responsible to pay before your policy would begin paying for covered services . In addition to the deductible , it is quite possible that you also have a `` co insurance '' amount as well . This is a percentage of the amount you would be responsible for paying AFTER meeting the deductible . Check with your Insurance Professional about the terms and conditions of your particular policy . "}
{"input": "How Much Is Health Insurance With Obamacare? ", "output": "In addition to Jason 's excellent and accurate answer above ... the cost to the insured may be lower than the total premium if they qualify for an advanced premium tax credit and decide to take it . If they qualify for the subsidy and do n't take it in advance they will still receive the money in the form of a tax refund the following year . A large portion of the countries population qualified for tax credits this year and reduced their overall premiums significantly . It 's vital to work with a marketplace certified and experienced health insurance agent to help you navigate these areas . "}
{"input": "How Much Is Health Insurance With Obamacare? ", "output": "As an individual your health insurance rates will be determined by your geographic locale , your age , whether or not you use tobacco and the level of coverage you desire or can afford -LRB- whichever comes first -RRB- . After that you and your family have to fall within certain adjusted grossincomeranges of the Federal Poverty Level -LRB- 100 % to 400 % of the Federal Poverty Level in most states -RRB- in order to determine what level of premium subsidy -LRB- if any -RRB- you might qualify forplus any additional reductions in out-of-pocket expense subsidy a person might qualify for . How much is ObamaCare for you ? No one can tell you without the information I 've outlined above . On a national average basis , preliminary 2014 premium cost was around $ 328 but that 's a meaningless figure as it relates to your particular situation . As it is after the end of the open enrollment period for this year I am somewhat concerned that you are still looking for insurance . If you have recently aged off of a parent 's plan or had a change of life status event like a divorce you do have 60-days to apply for individual coverage . Please feel free to contact me if you need any assistance . "}
{"input": "How Much Is Health Insurance With Obamacare? ", "output": "If you 're an individual buying on or off the exchange -LRB- and not securing group coverage through an employer -RRB- , you need to consider the level plan you want . There are four metal plans : bronze , silver , gold , and platinum . Bronze plans generally cover about 60 % of your healthcare expenses , Silver is 70 % , Gold is 80 % , and Platinum is 90 % . So , in short , the better the benefits that you want to have , the higher the premium will be.There 's also a catastrophic plan , but these are only available to individuals under age 30 . How much your health insurance costs is going to depend on several factors : your age , where you live -LRB- zip code -RRB- , what level plan you want , and which carrier your policy will be with . There are many factors that go into the pricing of a product for a specific area . Everyone 's tolerance for cost is different as well . I recommend contacting an independent broker to help get yourself set up with a health insurance plan . "}
{"input": "How Much Is Health Insurance With Obamacare? ", "output": "Health insurance with Obamacare can be very affordable ... if you qualify for a subsidy . I 'll be very brief and accurate when answering this question . The cost of health insurance will vary depending upon where you live , your household income , your age and your smoking status . An experienced broker should help you -LRB- no charge of course -RRB- so you save time , money and frustration ! Quotes are free ! Live answer provided by : Ed Harris - Experienced health insurance broker -LRB- for 33 years -RRB- with top-rated website . "}
{"input": "Why Would A Person Buy Term Life Insurance? ", "output": "Some reasons a person would buy Term Life insurance are : 1 -RRB- they feel that their need for life insurance is going to go down or disappear after the length of the term , 2 -RRB- they do n't feel that they can afford permanent life insurance , 3 -RRB- they are required by a loan or other contract to purchase a term policy , or 4 -RRB- they are just providing for a contingency while saving up enough money to provide for their needs in other ways in the future . A reputable life insurance agency can guide them through this decision making process so that the type of insurance they purchase realistically meets their needs . "}
{"input": "Why Would A Person Buy Term Life Insurance? ", "output": "Term life insurance is often purchased when a consumer wants the maximum amount of coverage for the least cost . Often , in this situation , benefits are only needed for a fixed period of time ... perhaps 15 or 20 years . Term life policies are issued by most major carriers and policies can be canceled at any time . There is no cash value or loan value , so they are not designed to provide any equity or liquidity in future years . Term coverage is often kept until either all dependents in the home are self-sufficient or additional money is not needed in case of a death of the insured . A licensed experienced broker can easily review which type of policy is the most cost-effective , and which carrier provides the lowest available rates based on your health history . "}
{"input": "Why Would A Person Buy Term Life Insurance? ", "output": "Term life insurance is needed when you have a temporary debt that you do n't want others to be burdened with such as a home mortgage , car loans , credit card debts , college tuition , etc. . Coverage for items such as income replacement and leaving a legacy to your family should ideally be covered by a permanent life insurance policy . I would recommend consulting with an experienced independent life insurance broker who can work with you on a personal level to help you determine how much coverage you should have in place and how long you should have it for . Since budget is an obvious concern for most , many people will create a coverage structure that will best serve their needs even if it can not cover everything . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "Who Insures Annuities? ", "output": "Annuities are backed by the full faith and credit of the issuing life insurance company . These companies are subject to state regulations . The commissioner in your state works to make sure that every annuitant receives every penny that was guaranteed by the annuity . Annuities can have different types of investment portfolios until the time that they start paying a lifetime income . At that point it is the full faith and credit of the company and they will direct the investments subject to law . "}
{"input": "Who Insures Annuities? ", "output": "Annuities are not insured by any outside source . They are guaranteed by the claims paying ability of the Insurance Company that issues the Annuity . The best way evaluate the claims paying ability of an insurance company is by their financial ratings . Independent companies rate the insurer to provide a grade that indicated their ability to meet their obligations . Generally speaking a A or better is considered stable . Also , insurers are required by law to invest an appropriate amount of premiums into US Treasuries -LRB- mostly US Treasuries -RRB- , so that they can meet their obligations to policy holders . Since US Treasuries are considered the safest investment on the market , Annuities are considered one of the safest investments on the market as well . "}
{"input": "What Is A Cheap Car Insurance For Young Drivers? ", "output": "Auto isurance rate vary from carrier to carrier and geographic location to geographic location . Call local agents in your area to discuss coverage availability and pricing . Select an agent that you feel comfortable working with and that you will do the best job looking out for your 's and your family 's coverage needs . "}
{"input": "Will A DUI Affect My Car Insurance? ", "output": "Great question ! I hope sincerely that you never have to find out . The answer in almost every case is yes . Driving under the influence increases your risk for an accident exponentially and you know that as your risk increases , so does your premium . Some companies will cancel your policy , and getting another policy will be difficult . Thanks for asking ! "}
{"input": "Will A DUI Affect My Car Insurance? ", "output": "A DUI will impact your car insurance rates , although the increase in premium will depend on several factors , including the company you are insured with , your driving record -LRB- other than the DUI -RRB- , number of vehicles insured and liability limits that you carry . As an experienced car insurance broker -LRB- for 33 years ! -RRB- , we work closely with any customer who is convicted of a DUI . It 's important to maintain quality coverage , but , of course , it 's also important to ensure all discounts are being applied , and all options are reviewed so you pay the lowest available rate . "}
{"input": "Will A DUI Affect My Car Insurance? ", "output": "When you are convicted of a DUI you will be required to notify the DMV of your financial responsibility . That will trigger a reaction by your insurer . They will know immediately that you have been convicted of DUI . What they do at that point will vary . At renewal you will find that you have been assessed points for the DUI and those points will trail you for 10 years in California . In California you will also lose your good drivers discount . Sometimes clients think that this is the time to shop for auto insurance . Unless you simply can not pay the premium , dropping coverage at this stage is not in your best interests . Your existing insurance company is likely to treat you with more consideration than any subsequent insurance company . By the time you pay the fine , pay for the drivers education course and face the doubling of your auto premiums you will determine that drinking and driving does not pay in California . "}
{"input": "What Qualifies For Disability Insurance? ", "output": "You have to have earned income to qualify for disability insurance as well as good health history and current medical condition . Disability insurance is an important employee benefit for key executives in any organization . Bottom line , disability insurance is paycheck insurance . Protecting your income , either with with tax free or taxable benefits is a great retention and recruiting tool for a business . "}
{"input": "How Much Will Medicare Rise? ", "output": "Every year Congress decides how much of tax revenues to allocate for Medicare spending . They also set the deductibles for the coming year as well as premiums for Part A and Part B . This is all done under a full moon at midnight following the swinging of a dead chicken over their head ceremony . Seriously , there is no predicting what Congress will do since it is based on political whim and has nothing to do with inflation , costs or anything else . Over the last few years deductibles and premiums have risen 4 - 6 % which is an effective cost to you of 8 - 12 % . "}
{"input": "What Is Scheduled Health Insurance? ", "output": "Scheduled Health Insurance plans are not meant to replace traditional Comprehensive Health insurance plans and are more of a basic policy providing access to day-to-day health care such as going to the doctor or getting a prescription drug . They are often offered by associations that provide the plan to members of the association only . These associations must be formed for reasons other than to sell insurance . They are very limited compared to a comprehensive health plan and are not meant to cover catastrophic events . Although these plans cost less than a comprehensive plan , they are limited and pay benefits directly to their providers based on the `` schedule of benefits '' outlined in the plan . Resources : WealthAcademyPh.com Wikipedia "}
{"input": "Does Life Insurance Check Your Credit? ", "output": "Unless you are applying for a very large policy , credit is not usually an issue when it come to life insurance . The only reason a company may check credit is to determine affordability and the need for a large policy . I have never had a credit issue with an application for life insurance . "}
{"input": "Does Life Insurance Check Your Credit? ", "output": "Life insurance will check to see if you are in bankruptcy or working on a settlement plan , and this could involve checking your credit , as I have found out by experience . It takes a large policy and a very poor credit record for it to be a problem . Even in the midst of bankruptcies there are policies that can be purchased . "}
{"input": "Can You Smoke Weed And Get Life Insurance? ", "output": "You sure can toke and get life insurance ... . kinda ... Do n't take all our answers as a 100 % YES that you can ... . Since the time of the last posts , a LOT has happened politically around the subject of weed . Some life insurance carriers have lightened up on their guidelines as well . If you like a little bud from time to time , HERE ARE THE TIPS I have wen looking for life insurance : 1 -RRB- BE UPFRONT . You 're going to have to pee in a cup and donate a little blood . So do n't lie . Tell the agent you smoke !! 2 -RRB- Be honest about how much & how often . How much and how often is very important when picking the right carrier . If you have any more questions , reach out !! - gravy "}
{"input": "Can You Smoke Weed And Get Life Insurance? ", "output": "Yes , you can smoke weed -LRB- marijuana -RRB- and get life insurance as long as you do not have a history of substance abuse . You will most likely have to pay smoker rates , just as a social cigarette smoker would pay , but they can be as good as Preferred Smoker premiums if your health is good and you do not overindulge . "}
{"input": "Can You Smoke Weed And Get Life Insurance? ", "output": "You can smoke weed and get life insurance . For those of you that are a bit confused , `` weed '' is not the weeds that grow in your grass . It is a slang , but accepted term for marijuana . It is likely that your rate may be higher and the last time you smoked will impact the rate you pay . "}
{"input": "Can Auto Insurance Be Deducted On Taxes? ", "output": "If you are using your auto for business and have your own business you can write a portion of the premium off if you have it on a personal auto policy . but if you have a business auto policy and use that car for business only then the entire premium can be written off . "}
{"input": "What Is Key Employee Life Insurance? ", "output": "Lets suppose you own a business . Obviously you cant do everything yourself , so you need to hire people with special skills . Collectively you can get to where you want to go . The people with special skills might include a high-ranking executive . Might also include a highly skilled technician . Perhaps a top salesman . All these people play roles that are key to the operation . And you , as the entrepreneur of the enterprise , are very much a key person too . This is not to say that people who are not key do not bring value to the company and are not important . If all the business needed was key people , why would you hire anybody else ? But key people are the ones whose loss would create the biggest problems . Sales could go down . Vendors might not get paid . Clients might get nervous about orders being filled . Banks might think twice about lending money . You need to protect your business against the loss of these people . If any or all of them disappeared tomorrow , you need to be sure that your business can go full speed ahead . Employees , clients , prospects , vendors , lenders , investors , and everyone else related to your business , need to be reassured that business will take place as usual . And that takes money . If you have the exact amount of money you need exactly when you need it , then you could tell people to not worry . Orders will get filled . Bills will get paid . You can take the time needed to find the right replacement . And you dont want to have to set up an investment program to cover these people . Nor do you want to have to borrow the money . You want this coverage to come as cheaply as possible without any hoops to jump through . That is what life insurance does when it is purchased for key person coverage . "}
{"input": "What Is Key Employee Life Insurance? ", "output": "The term Key employee or key man or business life insurance all deal with the same type of life insurance policy . It is a term or permanent life insurance policy owned and paid for by the companywith the company named as the beneficiary . The sole purpose is to recover a financial loss incurred by the sudden death of this `` key man or woman '' . The person is so important to the business success that a business could actually go under or have to restructure . "}
{"input": "What Is Key Employee Life Insurance? ", "output": "The death of a key employee or shareholder most often would affect the profits , financial strength and stability of the company . Creditors , customers , employees and suppliers could lose confidence in the business at the death of a key person , especially , if the key person is the owner . Key person life insurance is insurance , purchased by the business to deliver cash at death to provide solutions such as the loss of a key employee and for the funding of buy sell agreements between shareholders . In Canada , when a company owns and is beneficiary of a life insurance policy , the death benefit is received tax free . The funds can then be used by the company for its purposes . The death benefit less the Net Cost of Pure Insurance -LRB- NCPI -RRB- can be paid out as a tax free dividend to surviving shareholders . With careful planning , the key person protection can be designed to also provide executive benefits . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "What Is Key Employee Life Insurance? ", "output": "Most companies have at least one person -LRB- e.g. the owner of the company -RRB- who 's loss can have a substantial impact on the business ' revenue . Upon this `` key-person 's '' death , someone else must be hired to carry on the same tasks performed earlier . Many company owners therefore insist on buying life insurance coverage to minimize the risk , and many lenders require that the business carry life insurance on the key person to protect their loans and investments in the company . The business would generally own the policy , pay the premiums , and be the beneficiary . Key person policies are often used to support a buy-sell agreement between business partners with the proceeds structured to purchase the deceased partner 's shares or interests in the company - the agreement would typically mandate that the deceased partner 's estate sell it 's stock to the remaining partners/shareholders and that the partners/shareholders purchase the interest for a specified price -LRB- theprice should help establish the value of the business for estate planning purposes -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any questions . Thanks very much . "}
{"input": "Why Is Term Life Insurance Often The Best Value? ", "output": "I am not sure that anyone could say that term life insurance is often the best value without knowing a person 's exact situation . Term life insurance is the most affordable compared to permanent or cash value insurance , but it may not be the best value . If you purchase a 20 year term policy at age 30 and have a heart condition at age 48 and lose insurability , it will be very difficult to obtain any type of life insurance after age 50 when the term expires . There are many arguments to be made with the different types of life insurance plans . The one that is best for your unique situation and laid out by a caring knowledgeable advisor is the best value for you specifically . "}
{"input": "Why Is Term Life Insurance Often The Best Value? ", "output": "Term insurance is often the best value in a specific set of circumstances . These are : You need life insurance for a limited amount of time ; You want to pay as little as possible for that coverage ; You have no need for the advantages of accumulating cash inside life insurance . Lets suppose you have a personal loan such as a mortgage , or a bank loan for your business . You need life insurance to cover those liabilities . You have other policies in force to take care of your family and your estate . So , you pick up a term policy to cover that specific need . Maybe you unfortunately are getting divorced , and the decree requires a policy for a set amount of years . Or , you start a business with a partner , and you need to fund your buy-sell agreement up to a certain age . So , you pick up a term policy . Lets suppose you have a disciplined savings program and are accumulating wealth in a number of vehicles . You have many investments , and they range from aggressive to conservative . No real need to use life insurance to grow cash . But you do need coverage . So , you pick up a term policy . In these cases , permanent , cash value insurance might be overkill . You dont have to spend extra money in premium for a long-term guarantee you dont want , and for cash you dont need . Just make sure you know what youre doing , because if it ends up that you do want life insurance after the term policy renews , all bets could be off . The price could be high , and you also run the risk of not being insurable . Bear that in mind . "}
{"input": "What Is The Cost Of Medigap Insurance? ", "output": "The cost of a Medigap policy depends on which Medigap policy you want to apply for , your age , gender , tobacco usage -LRB- if any -RRB- , your zip code , and whether you 're married and applying together -LRB- for household discounts - available from some carriers -RRB- . In short , an average cost figure does n't mean much to the individual as the premiums can differ widely depending on where you are around the country and the other aforementioned factors . You want to compare prices from multiple companies when you 're shopping because Medigap plans are standardized , meaning the benefits are exactly the same regardless of who you buy it from - the price is the only difference . You should consult with an independent agent who can shop your case among multiple companies and offer you the desired Medigap plan at the lowest possible cost . I hope the information is helpful - please feel free to contact me for help , including quotes and plan comparisons , and if you have any other questions . Thanks very much . "}
{"input": "Does Everyone Have To Have Health Insurance Under Obamacare? ", "output": "No , you do n't have to have health insurance . However , underthe Affordable Care Act , if you do not want to buy a health plan , you will have to pay a penalty -LRB- also known as an `` individual shared responsibility payment '' -RRB- . Many individuals have options for group insurance through their employer or they are on Medicare or Medicaid . If you decide to buy a health insurance plan , then you would either need to buy it on or off the health insurance exchanges . Buying on the exchanges is beneficial if you qualify for a subsidy . Subsidies can only be used for on-exchange plans - they can not be used towards plans sold off the health exchanges . If you choose to pay the penalty instead of securing coverage , you will still be responsible for 100 % of your medical care . The penalty is calculated in one of two ways -LRB- you pay whichever is the higher amount -RRB- . In 2014 , the penalties will be calculated as : 1 -RRB- 1 % of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan . 2 -RRB- $ 95 per person for the year -LRB- If under age 18 , then $ 47.50 -RRB- featuring a maximum penalty per family of $ 285 under this method . The penalty calculations will change each year . In 2015 , method one increases to 2 % of your yearly household income and method two increases to $ 325 per person . In 2016 , it will increase again to 2.5 % for method one and $ 695 per person for method two . The penalty methods will be adjusted for inflation in later years . If you have any other questions about your health insurance , send me a private message by clicking on my `` contact me '' button . "}
{"input": "Does Everyone Have To Have Health Insurance Under Obamacare? ", "output": "The announced intention of Obamacare was to get everyone who was not already insured through an individual , group or government health program to enroll in health insurance coverage . Will you be jailed for not having health insurance ? No . You will , however , be subject to a tax -LRB- as the Supreme Court defined it -RRB- / penalty -LRB- as the administration prefers to refer to it -RRB- for not having health insurance coverage that meets the requirements of the law . In practical terms the tax penalty is minimal -LRB- $ 95 or 1 % of modified adjusted gross income in the first year -RRB- and there are now a number of loosely defined `` hardship '' exemptions that a person can claim to avoid the penalty . Plus , the IRS can only withhold the tax penalty from an income tax refund , it can not be charged as an additional tax per se and you ca n't have your bank account or wages garnisheed by the IRS to collect the tax penalty . This begs the question as to just how effective a mechanism the tax penalty will be in motivating people to purchase health insurance . Certainly , based upon the preliminary results of the recently closed open enrollment period it does not appear to have been a major factor in significantly reducing the number of uninsured Americans . If you have further questions or require health insurance advice and assistance please click on the `` contact me '' button and I will be happy to help . "}
{"input": "Does Everyone Have To Have Health Insurance Under Obamacare? ", "output": "No , you do not need to enroll if you are covered by medicare or medicaid , or if you are covered by a policy offered through your employer or spouses employer . The idea is to reduce the number of uninsured people who were previously denied coverage , or did n't have affordable coverage available . That said , if you do n't have it , then there are penalties in place that will affect those that chose to ignore the March 31st enrollment deadline . If you have further questions , please do n't hesitate to hit the ` contact me ' link . Thanks for asking ! "}
{"input": "Is Life Insurance Necessary? ", "output": "If you have a family , business or both then I would say a life insurance policy is highly recommended . You risk the well being of the people you leave behind if you do n't . If you are the main bread winner I would add that you should definitely purchase a policy because I am sure you are a responsible adult and would not want to leave your family/business partners swinging in the wind when their financial security blanket is gone . Just a thought . "}
{"input": "Is Life Insurance Necessary? ", "output": "Life insurance is only necessary if you have a set outcome that you want to achieve , and you can not reach that goal without it . E.g. Maybe your goal is that your children can go to college , even if you are not around to finance their education . Do you have enough invested or saved up now to attain that goal ? If not , life insurance would be necessary if you died in a short time , because no other vehicle could provide a large infusion of cash into your assets shortly after you took it out . No one can look into the heart of someone else to determine that something is necessary for them . But you can tell that by looking at your own goals , determining if you have the funds to meet those , and then judging whether life insurance is something that could help you attain those outcomes , either in life or in death . "}
{"input": "How To Write An Appeal Letter For Disability Insurance? ", "output": "how to write an appeal letter for Disability Insurance ? If you 've been declined for issue of a Disability policy you can appeal to the underwriter to reconsider the decline if you have additional information to offer or there is some change to what is in question . Underwriters , especially disability coverage underwriters work under strict guidelines . In order to appeal you must be able to introduce new information . Usually with a decline , the letter will provide the reason for . "}
{"input": "What Is A Normal Deductible For Renters Insurance? ", "output": "There are several deductibles available for damage to personal property . In a renters policy companies will often offer deductibles as low as $ 100 . The decision to select a low deductible should be based on your ability to sustain a small loss yourself . The larger the loss you can sustain yourself , the higher the deductible you should select . The higher the deductible you select the lower the cost of the renters policy . "}
{"input": "Who Has Best Annuities? ", "output": "Who the best Annuity Company is depends on a few different things . Mostly the current annuity market and who currently has the most competitive rates . It also depends on your personal situation and needs and which company offers a product that fits those needs best . In other words , there is no best annuity company , it just depends . But it is important to use a company that has good financial ratings , and `` A '' or better is usually considered a good rating . So whichever well rated company offers the most competitive product that fits your needs , is the best company . "}
{"input": "Who Has Best Annuities? ", "output": "There are many companies that have different plan and coverages for annuities . Many have different mechanisms to fit the best policy and plan customarily . It is best to contact a consultant in order to find the best policy for . We need to further analyze your situation and draw up a plan . Moreover , find another of the best investment coverages for you . "}
{"input": "What Is A Benefit Period In Health Insurance? ", "output": "You really do n't run into benefit periods much in the group health insurance and under age 65 individual health insurance markets in the ObamaCare era . This terminology is more common for persons covered under Medicare or in the context of long term care policies . But a benefit period would be a contractually defined period of time that a certain medical service or treatment would be covered by the insurance policy . "}
{"input": "What Do I Need To Get Renters Insurance? ", "output": "That 's a great question ! For a renters insurance policy , you really do n't need much . A good idea of the value of your belongings , so you know how much coverage that you will want to have ; A valid current picture ID , and your first months premium should get you a policy . I hope that helps , thanks for asking ! "}
{"input": "What Do I Need To Get Renters Insurance? ", "output": "Some of the information that will help you get a proper quote for renters insurance is : the year the premise was built , the number of units in the premise , any security or alarm systems , sprinkler systems , distance to the nearest responding fire department , distance to the nearest fire hydrant , the amount of coverage you are looking for , and more . Contact a local agent to find out more about coverage offered in your area and the costs of that coverage . "}
{"input": "What Do I Need To Get Renters Insurance? ", "output": "As a customer you dont need to provide very much information . Agents have access to much of the underwriting information necessary . The key issue that you need to address is the value of the contents that you want insured . Take pictures of every room in your rental unit . Then list each item that you see along with the cost to replace that item . Add the list up and you will have a good idea of the amount of coverage required . "}
{"input": "Can You Get Life Insurance If You Are An Alcoholic? ", "output": "Great question ! The one thing that we really need to know about life is that our actions always seem to have consequences that we are never aware of ... Alcoholism is one of those , as I 'm sure you have learned . If you are working on your sobriety , awesome ! My prayers and support are with you . If you have been sober for a while , and have not had any major health issues as a result of the disease , you can purchase a good insurance policy . If there have been issues as a result of your drinking , there are still policies that you can get , however they will typically be more expensive -LRB- called graded , modified , or guaranteed issue policies -RRB- and they will have a period of time where your payout is limited to what you paid in , plus some interest . I hope that helps , if not , please feel free to contact me . Thanks for asking ! "}
{"input": "Can You Get Life Insurance If You Are An Alcoholic? ", "output": "Being an alcoholic does n't prohibit you from obtaining life insurance . Alcoholism is accepted as a disease and if controlled it really does n't impact you . Certainly it poses some degree of risk and that would be considered in the underwriting process . There may well be a rating applied and thus a higher premium required than for a person who is not an alcoholic and has all other conditions the same , but insurance is obtainable . "}
{"input": "Can You Get Life Insurance If You Are An Alcoholic? ", "output": "The insurance companies look at several factors in determining if they wish to issue the policy for life insurance coverage . You say you are an alcoholic . Are you being treated for kidney problems ? What is your record as far as being arrested for public drunkeness or stopped and issued a DUI citation . Are you able to hold a regular job ? The liklihood that you would be denied coverage with a `` standard '' company is high . There are `` guaranteed issue '' life insurance policies such as `` final expense '' policies that you may find available . "}
{"input": "Can You Get Life Insurance If You Are An Alcoholic? ", "output": "If you are a recovering alcoholic who has abstained from alcohol for a number of years , you can get life insurance at a competitive rate with persons who are not alcoholics . If you have been through treatment one or more times and are drinking now , you will probably need to purchase a simplified or guaranteed issue policy . "}
{"input": "Does Renters Insurance Cover Me If I Move? ", "output": "The standard renters insurance policy form , the HO-4 , often contains language giving you 30 days of coverage at both your old home and your `` newly acquired principal residence . '' However , it 's important to inform your insurance agent of the move . If you move to a lower risk area , doing so may even save you a few dollars . Since insurance policies vary by individual state laws , if you move between states your insurance agent will write a new policy for the new state and transfer money you 've pre-paid to the new policy . Be aware that not all renters insurance policies are written on the HO-4 form . For example , the HO-BT policy form which is specific to Texas renters insurance will cover the personal property at each location only based on the proportion of the total property which is at that location . The HO-BT also provides the lesser of $ 1,000 or 10 % of the total personal property coverage for property in transit between your old home and your new one . "}
{"input": "How Old Do You Have To Be To Receive Medicare? ", "output": "You 're eligible for Medicare when you 're turning 65 years old . You can apply for Medicare benefits up to 3 months before , the month of , and up to 3 months after your birth month . I recommend applying during the 3 months before the month you turn 65 so your coverage starts on time -LRB- the first day of your birth month -RRB- - you can be subject to a delayed effective date if you apply during the 3 months after your birth month . People are eligible for premium-free Medicare Part A when they turn 65 and have met the 40 quarters -LRB- 10 years -RRB- of working life/paying FICA taxes . Anyone who is eligible for premium-free Part A , can qualify for Part B - Part B requires premiums . Younger individuals with certain disabilities who have been receiving social security disability benefits for 24 continuous months and those with end-stage renal disease , may also be eligible to receive Medicare benefits . Original Medicare -LRB- Parts A & B -RRB- only 80 % of covered healthcare expenses . Medigap plans -LRB- also known as Medicare supplement plans -RRB- can help cover all or a portion of the other 20 % . When you first enroll in Part B , you have a 6-month initial open enrollment period to buy a Medigap plan with NO medical underwriting . The advantage of having a Medigap plan to go with your Original Medicare coverage is that it creates a very predictable expense structure -LRB- a major advantage for seniors living on a fixed income -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "How Old Do You Have To Be To Receive Medicare? ", "output": "That is a great question ! Medicare was created to allow Senior citizens the opportunity to receive affordable health care at a time when that was difficult to get . The age for being able to apply for Medicare was set at 65 . Most people will enroll in the 6 month span that goes from 3 months prior to your 65th , to 3 months after . You can retire and start Social Security early , but Medicare wo n't kick in until your 65th . Thanks for asking ! "}
{"input": "Who Sells Individual Short Term Disability Insurance? ", "output": "A licensed broker or agent , who holds a health license can sell Individual Short Term Disability Insurance . When you look at purchasing Disability Insurance be sure you understand how the company defines `` own '' occupation . There is a difference which can make the difference on your ability to work or not . Be sure to understand the provisions on partial disability as well . "}
{"input": "Who Sells Individual Short Term Disability Insurance? ", "output": "There are very few companies that sell individual short term disability insurance . Most short term disability insurance is sold and purchased on a group basis . Contact a DI broker such as myself or others on this website to see what individual disability insurance policies might be available to you . "}
{"input": "What To Do When Your Home Insurance Claim Is Denied? ", "output": "When and if your home insurance claim is denied , it is important to read the denial letter and associated explanation . Primarily , one should read the policy contract and truly understand the mechanics of the coverage and why the claim is not covered . The claims representative will be happy to help guide you through the policy and find the section -LRB- s -RRB- of the policy corresponding to the issue at hand . This is also an appropriate time to speak to a licensed representative with your insurance company and inquire as to whether there is an endorsement available to offer coverage for such a claim in the future . Licensed insurance representatives are generally not allowed to discuss an ongoing claim , this is the job of the licensed claims department . When speaking to a licensed representative of your insurance carrier , your questions must be based on coverage and not claims . Insurance agents are charged with the responsibility of explaining available coverage and endorsements ; they are not permitted to interpret coverage relevant to claims adjustment . For general advice or guidance , you may contact a licensed representative toll free at : -LRB-877-RRB-\u00a0931-3368 or contact your insurance carrier directly . "}
{"input": "What Are Medigap Plans? ", "output": "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 . Consult with an experienced broker to review the plans in detail to see which one will best serve your needs . We have an in-depth knowledge of Medigap plans , provide quotes from multiple carriers , and can help you determine the one that 's going to be most suitable to your needs and budget . Please feel free to contact me for help or if you have any other questions . Thanks very much . "}
{"input": "How Do Home Insurance Deductibles Work? ", "output": "The deductible in a homeowners insurance policy will represent the amount you the insured will pay in a covered loss . In other words you the insured are self insuring part of the loss which is the deductible amount you have chosen . For example if you have a $ 2,500 deductible on your homeowners insurance and your house is damage by fire -LRB- which is a covered loss -RRB- , then you the insured would be responsible for the first $ 2,500 in damages and the insurance company would pay the rest of the damage up to the policy limit . "}
{"input": "Will A Pellet Stove Increase Homeowners Insurance? ", "output": "Wood burning devices are a concern to the underwriter for a homeowners policy because they have an open flame inside the house . Insurance companies rarely change their rate based upon an increased exposure . Instead they are more likely to not accept the risk at all . A pellet stove is probably the least dangerous wood burning device . Many companies will issue a standard homeowners policy on a home with pellet stove . "}
{"input": "Can A Landlord Force You To Buy Renters Insurance? ", "output": "If your lease agreement has a clause requiring Renters Insurance , yes , the Landlord may enforce the clause thereby forcing you to buy Renters Insurance or being in breach of the contract . Renters Insurance is a valuable coverage ; many renters simply deny the issue due to the small cost of coverage . In our many years in business , we have seen a variety of claims ; the following is just a short synopsis of the necessary protection . Renters Insurance includes Personal Property Coverage and Personal Liability Insurance . Liability Insurance being the more important coverage as this is where a legal action against the renter could cause undue hardship . If a fire or water damage claim is caused by the renter , the renter would be negligent and therefore liable for the damage caused . Although the property may be insured , the insurance carrier of the Landlord would subrogate and may bring legal action against the tenant . Personal Property coverage would provide protection against theft , fire and water damage to the contents of the renter . The Landlord 's insurance does not cover the tenant 's property in any way ; neither does it allow for legal protection of the tenant . Should a tenant not be interested in this valuable protection , we recommend purchasing the minimum available personal property coverage with the minimum liability protection of $ 100,000 . This coverage would cost in the range of $ 100 - $ 300 per year depending on the region of the country and the specific insurance carrier underwriting the risk . You may obtain a Renters Insurance quote online at : WEBSITELINK "}
{"input": "How Much Does IVF Cost With Private Health Insurance? ", "output": "IVF -LRB- in vitro fertilization -RRB- is not a covered medical expense with most health insurance plans . Some employer group plans may include IVF benefits and there are a few states that mandate IVF coverage for individual major medical plans . IVF is not a medical necessity which is why it is normally excluded from plan benefits . The few times I have seen IVF benefits they are usually capped around $ 10,000 -LRB- lifetime -RRB- which means any excess charges are the responsibility of the individual . "}
{"input": "What's The Difference Between Whole Life Insurance And Endowment Insurance? ", "output": "Actually whole life is a type of endowment . An endowment policy is a policy designed with the cash value equaling the face amount at a given age or after a set number of years . A whole life policy is an Endowment at age 100 . Other examples are endowment at 65 , 20 year endowment , etc. . In Canada , if the cash value of a policy exceeds that of an endowment at age 85 , then the policy is non-exempt and is subject to accrual taxation . Consequently , endowments are not usually available . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . "}
{"input": "Does Humana Offer Life Insurance Products? ", "output": "Humana is a health insurance company that offers individual and group health insurance . Humana also offers supplemental life insurance for individuals and groups . For individuals , Humana offers a Junior Estate Builder for your children or grandchildren , and a Memorial Fund for people 45 - 80 to take care of final expenses . On the group insurance side , Humana offers supplemental term life insurance for employees or spouses and dependents . "}
{"input": "What Is Comprehensive Long Term Care Insurance? ", "output": "Comprehensive Long Term Care Insurance is long term care insurance that will pay for care received in a nursing home , assisted living , adjust day care , or one 's own home . In other words , the triggers qualify you for the care and you spend the benefit where you wish . The policy is not restricted to paying only if the care is received at a certain facility . "}
{"input": "Can Health Insurance Companies Raise Your Rates? ", "output": "Health insurance companies can indeed raise your rates ... but only if they increase rates for everyone else in your group . You can never be singled out for a rate increase due to your claims . When carriers increase rates it is because claims for everyone with the same policy class have risen to the point that premiums no longer support the claim level . "}
{"input": "Can I Have Car Insurance From Another State? ", "output": "Your auto insurance policy will cover you in all 50 states and US territories and Canada so you never have to worry about a coverage gap as you take that cross country trip with your family . If you move to a different state , that coverage will follow you , however , in most cases , states will have a regulation stipulating that you will need to register your car in that state within a certain period of time after establishing residency . In CT the time frame is 30 days . BecauseCT also requires that you have proof of car insurance issued in CT , you willhave to obtain insurance here in order to register your car . I believe that most states have similar regulations . "}
{"input": "Can I Have Car Insurance From Another State? ", "output": "Auto insurers must be admitted in the state where they do business . If you have moved from one state to another the insurance in force will continue in force until you have changed your domicile . Thereafter you must deal with an insurance company admitted in that state . There is a strange exception called Excess and Surplus lines , but I doubt that will apply to you and your car . "}
{"input": "Can I Have Car Insurance From Another State? ", "output": "Although you can not purchase a policy from another State than the one you live in , if you find yourself needing to move in the middle of a policy , you do not need to cancel the existing one and purchase a new one in the new State right away . All policies are valid regardless of the State you are driving in , so if you go on vacation , you do n't need to buy a new policy for every State you drive through . However , once you move out of one State and into another , you will need to purchase a policy in your new location . Typically the current insurance company will send you a Notice of Non-Renewal prior to the renewal of your existing policy . But until the policy comes up for renewal , you are able to keep the policy you have in place . "}
{"input": "Do Auto Insurance Companies Share Information? ", "output": "Auto insurance companies do not share information directly but all information is shared . Insurance companies report incidents to a data base which is then accessed by insurance companies when needed . For example you have an at-fault auto accident and your rates go up . You are upset about this so you shop around for insuranceelsewhere The new company will check the data base for your driving record to see if you have tickets or accidents and then crate your insurance policy accordingly . While incidents on your record may only effect you for a short period of time . For minor incidents 3 years . I have seen data show up that was 10 years old . "}
{"input": "Do Auto Insurance Companies Share Information? ", "output": "Based on my knowledge and experience I do not believe that the auto insurance carriers share information about their clients directly with other carriers . I beilieve that accident information is placed into a data based that is used by all/many insurance carriers to help provide prospects a more accurate rate when receiving a quote and it also makes life easier for the prospect by not having to remember all of the detail of their claims history . "}
{"input": "Who Buys Renters Insurance? ", "output": "People that want to protect their family and themselves from potential financial exposure due to an accident that they are deemed responsible for or due to other incidents -LRB- such as lightning or a fire -RRB- . Renters insurance provides protection for the insured personal property , personal liability coverage and loss of use coverage . "}
{"input": "I Need A New Life Policy, Term Just Expired ", "output": "To determine your next steps , it would be important to know if you are still within 30 days of the term expiry -LRB- policy anniversary date -RRB- . You may be able to change the premium mode from annual to monthly -LRB- if necessary -RRB- and continue the policy month to month at the new higher premium in the term policy until you can get a new policy . Also , does the term policy have a conversion provision and , if so , did it expire ? Usually conversion ends at the end of the initial term period but sometimes it extends to a later age . Most importantly , are you insurable ? If you are not , you need to work with a life insurance professional and the insurer to try to preserve the coverage you have if it is not too late . If you are insurable , find a life insurance professional and apply for coverage - and , as this situation suggests , maybe term is not right for you so plan on buying a permanent policy that can be designed to meet your needs . "}
{"input": "I Need A New Life Policy, Term Just Expired ", "output": "Assuming youre past the reinstatement period or , in fact , the term life insurance period of your contract has expired , you could do a quick review of a term life insurance spreadsheet and purchase another policy . If your health is good , you could bind the policy with the required deposit to protect you in the in-between time providing youd pass all the requirements . You could also apply for simplified issue or simplified issue with AD&D to secure basic coverage now and after underwriting convert the AD&D to full life insurance coverage . We can help with that . "}
{"input": "Is Homeowners Insurance Mandatory? ", "output": "Check with your attorney but I doubt that your state requires homeowners insurance . Mortgage companies require hazard insurance as a prerequisite to funding a mortgage . They also require that the insurance be maintained . Failure to maintain the insurance will authorize the mortgage company to place the insurance in place and charge you for it . Other than that the only reason to purchase a homeowners policy is a desire to avoid the risks of homeownership . "}
{"input": "Is Homeowners Insurance Mandatory? ", "output": "Homeowners Insurance is not mandatory ; for those that do n't want to be covered by home insurance against the perils of Fire , Wind , Theft , Burglary and Personal Liability , they may self insure at their own risk . If the home owner has taken a mortgage on the property , the mortgage company will require the asset insured thereby requiring the home owner to buy insurance . "}
{"input": "Why Has Health Insurance Gone Up? ", "output": "Health Insurance rates have gone up because the cost of care has gone up . Insurance companies must now provide benefits that were not covered before . Cost of prescriptions and the over prescribing of medications by some physicians add to those costs Starting in 2014 insurance companies will have to accept pre-existing conditions which will increase claim payments dramatically . Insurance premiums must go up to compensate for these increased costs . "}
{"input": "Will Annuity Rates Improve In The Future? ", "output": "No one knows the answer to that . But interest rates generally have cycles . Presently the government is artificially suppressing interest rates , but it seems reasonable that rates must rise eventually . Many financial planners are locking down interest rate periods of five years or less which may be an indication of their belief that interest rates will rise within the decade . "}
{"input": "Will Annuity Rates Improve In The Future? ", "output": "There are two rates to consider . The rate of interest earned on accumulations changes all the time . Most contracts have a guaranteed interest rate but companies actually pay a new money rate . As the interest environment changes these rates change to remain competitive . The provisions for payout are in the contract and do not change , however , future contracts might have significantly lower rates due to the ever increasing longevity of the population . "}
{"input": "Can I Buy A Life Insurance Policy On My Brother? ", "output": "Great question ! Insurance companies will only write a policy when it can be demonstrated that there will be a loss to you , should the insured pass away . So you could n't write a policy on the guy you met at the office , unless you could prove that you would lose income or assets if he were to pass away . The same would apply to your brother . Unless you can prove a monetary loss , it might be really hard to find a company that will issue a policy . The best way to do it ? Like Ms. Mace suggests , have your brother get his own policy , and you make the payments for it . If you need help doing that , please feel free to contact me , I 'm glad to help . Thanks for asking ! "}
{"input": "Can I Buy A Life Insurance Policy On My Brother? ", "output": "It depends upon the laws where you live and whether there is a pecuniary or monetary interest . Some jurisdictions will consider siblings to have an insurable interest , while others may not . An insurable interest means having a benefit associated with the continued life and good health of the insured individual . If you brother owes you money , or you rely on him for financial support then the chances of showing insurable interest are much stronger . "}
{"input": "Can I Buy A Life Insurance Policy On My Brother? ", "output": "As Kevin stated , if your brother owes you money , or if you rely on your brother for financial support , those are reasons for which you may be allowed to buy life insurance on your brother . Another reason is if you and your brother own a business together . Getting life insurance on your brother would allow you to buy out his share from his spouse , if he would pass away . If you want to buy life insurance for your brother to cover his funeral and burial or cremation , a small policy like that may be permitted . If not , it could be easier to have your brother own the policy and you pay for it . It never hurts to ask from an agency that can shop around . "}
{"input": "What Does Face Amount Mean In Life Insurance? ", "output": "The face amount of the policy represents the face amount the policy is scheduled to pay out . In the case of a graded death benefit the policy will pay a reduced amount for the first 2 or three policy years before going to the actual face amount . Some companies pay dividends . These dividends can be used to buy additional insurance thus increasing the death benefit . But dividends are not guaranteed Should you die the beneficiary would receive the Face amount of the policy plus any paid up insurance accumulated by the dividends . In the case of a Universal Life policy , the policy would pay the face amount plus if you choose you can have the death benefit increased by any cash value accumulated in the policy . Because of the nature of Universal Life you need to make sure you are paying sufficient premium to keep the policy in force , otherwise the policy would lose the death benefit entirely . Always read your annual statement if you have a Universal Life policy . "}
{"input": "What Does Face Amount Mean In Life Insurance? ", "output": "The face amount means the amount the policy isinitially based on . It does n't always equal the death benefit because during the first two or three policy years , some policies will only pay a % of the face amount . Other policies will grow and pay higher amounts as the policy grows . "}
{"input": "What Does Face Amount Mean In Life Insurance? ", "output": "Two great responses so far ! The other angle I would put on the question is that the `` Face Amount '' is the amount the insurance company promises to pay based on the contract that the insured or owner of the policy agreed to or entered into with the insurance company . For example , based on a term policy contract , if the insurance company promises to pay $ 250,000 of death benefit if the insured dies while still covered by the insurance , the beneficiary will receive $ 250,000 when the claim is paid . The `` Face Amount '' is $ 250,000 . Based on a permanent policy -LRB- for example -RRB- , the the insurance company promises to pay $ 250,000 of death benefit minus any outstanding loans against the policy . If the insured dies while still covered by the insurance , but had utilized -LRB- borrowed -RRB- $ 25,000 from the policy , the beneficiary will receive $ 225,000 when the claim is paid . The `` Face Amount '' is still $ 250,000 , but the contract has wording that describes how much the beneficiaries are paid . -LRB- In some cases it can be `` more '' than the `` Face Amount '' based on gains in the contract and/or dividends . -RRB- There are numerous examples that could be listed , but between all of our answers , I sure do hope that helps you understand a bit more , and highlights the assistance that a qualified licensed insurance professional can offer you ! "}
{"input": "What Does Face Amount Mean In Life Insurance? ", "output": "The face amount in life insurance means the amount of insurance you buy . The death benefit is the amount that is actually paid to the beneficiary when death occurs . The face amount almost always equals the death benefit in term insurance . In permanent insurance , the death benefit may be higher or lower than the face amount , depending on if the policy had strong growth , if there was a loan on the policy , and other reasons . "}
{"input": "How Much Disability Benefits Will I Receive? ", "output": "Your disability benefits are a percentage of your salary at the time you took out the policy -LRB- unless you added to your coverage after taking out the policy , then it will be the higher amount -RRB- . Your policy will have that percentage stated in the printed copy of your policy . "}
{"input": "How Much Disability Benefits Will I Receive? ", "output": "You will receive the amount of benefits stated in your policy . Take the monthly benefit amount times the benefit period and multiply it by the up to the percentage of current earnings allowed . This will give you your total amount of benefit money paid to you in case of a total disability over the policy life time . "}
{"input": "How Often Will Medicare Pay For A New Bed? 5 Years Or 7 Years? ", "output": "First please note that the bed must be prescribed by your physician as medically necessary . Once the bed has been received , my research shows that Medicare will only cover replacement equipment if your doctor writes you a new order or prescription with an explanation of the medical need . "}
{"input": "Can A Minor Be A Life Insurance Beneficiary? ", "output": "Yes and they often are with young families . Many attorneys recommend declaring a financial steward or custodial trustee for the financial disbursements to minors . Sometimes a trust is the beneficiary on behalf of minor children . Interestingly , there is always a contingent beneficiary option in a life insurance application . "}
{"input": "Can A Minor Be A Life Insurance Beneficiary? ", "output": "A minor can be a life insurance beneficiary , but it is generally in the child 's best interest to make the beneficiary of your life insurance policy be a trust , or trusted relative or friend who will use the money for the welfare of the child . That is because minors can not legally handle the proceeds and the court could appoint a guardian to do so for them . "}
{"input": "Who Has The Best Long Term Disability Insurance? ", "output": "There are several excellent disability insurance companies , but in the end only ten that are with considering . The cost is a significant item of review , but the languages in the contractual definitions are the real key to disability policies . So its important to do your due care . That being said , Standard of Oregon is a consistent player in this market and a top recommendation . "}
{"input": "Who Has The Best Long Term Disability Insurance? ", "output": "Different disability insurance companies cater to different types of people and occupations . E.g. . Some companies offer policies that will cover certain health conditions , or allow those health conditions to be excluded so that you can get coverage . Others are better for laborers , or physicians , or other occupations . So there is no one best disability insurance company for everyone . Contact a disability insurance broker to get your best disability insurance quote . I would be happy to help . "}
{"input": "Do Life Insurance Proceeds Go Into Estate? ", "output": "Life insurance will only go into the estate if the named beneficiaries are deceased and the beneficiaries were not changed or if the estate is the named beneficiary . It is important to review your policies to make sure they are properly set up . I have ran into occasions for example where a husband and wife die close together and did n't have time to change the beneficiary . If a contingent beneficiary had been named , that beneficiary would have received the money . Because no contingent beneficiary was named the money went to the estate . "}
{"input": "Do Life Insurance Proceeds Go Into Estate? ", "output": "It 's almost always a bad idea to have your estate listed as the beneficiary of your life insurance but I see policies that list it that way fairly often . You wantyo always have a living adult listed as your beneficiary and have a 2nd living adult as you backup or contingent beneficiary . That way the payment from your life insurance will bypass the estate and be paidtto your beneficiary with no probate costs or delays . It will also prevent creditors from having access to your life insurance benefit . "}
{"input": "Do Life Insurance Proceeds Go Into Estate? ", "output": "Life insurance proceeds can go the estate of the insured on purpose or by accident but there is no reason they should . Naming a beneficiary and reviewing periodically is usually the right thing to do . If the estate is the beneficiary , the access of the heirs to any money associated with the life insurance policy is delayed because the money must go through probate . Probate may , in some cases , cause a delay of a year or more . Life insurance proceeds left to the estate , like any asset left to the estate , are forced through the probate process and therefore become part of the public record , so privacy is lost . Perhaps most importantly , in most states , the money paid into probate becomes subject to the claims of creditors of the estate . "}
{"input": "How Much Commission Does Health Insurance Agent Make? ", "output": "Compensation varies among states , insurers and producers themselves . For example , a broker in New Jersey that sells only Blue Cross plans will not be compensated the same as a broker in Ohio that sells only Anthem Blue Cross and Medical Mutual Of Ohio plans . Also , as of 2014 , when State Exchanges are operational , broker compensation is expected to reduce , although ironically , their expert and unbiased advice and guidance will be needed more than ever . "}
{"input": "How Much Commission Does Health Insurance Agent Make? ", "output": "It varies based on how much volume you sell . 12 % is not uncommon . If an agent sells a lot his % will be more . Some products in the health category pay more than others . long Term Care insurance for instance pays much higher but the cost of obtaining customers is also much higher . "}
{"input": "How Does Joint Credit Life Insurance Work? ", "output": "Credit life insurance is not traditional life insurance that pays the beneficiary , who in turn pays lenders . Credit life insurance charges the borrower for credit insurance that will pay the loan off in the event of death of the borrower . The money goes directly to the lender . Joint credit life insurance covers two insured persons , the borrower and co-signer . It will pay the loan off if either one or both insured persons passes . "}
{"input": "Can Life Insurance Have More Than One Beneficiary? ", "output": "Yes you can have more than one beneficiary on a life policy there are usually three on the application you also can do an attachment be careful at this because it 's not good to spread things to thin so you should think about a will or living trust at this point this could cause family strife in case of death and that is the last thing we would want to see . Seek a financial planner it will be well worth the time spent . See my profile if you should need help . "}
{"input": "Can Life Insurance Have More Than One Beneficiary? ", "output": "This is a very interesting question because life insurance carriers allow for a lot of flexibility in beneficiary designations . For example , you have the primary beneficiary . This person -LRB- or entity , such as a corporation or trust -RRB- will get the money when the insured dies . What if I unfortunately the primary beneficiary is not alive -LRB- or in business -RRB- when the insured dies ? That is why you can designate a contingent beneficiary . This beneficiary will get the money in those exact circumstances - when the primary beneficiary is not available . What if you wanted to name multiple primary or contingent beneficiaries ? That can be done . Do they have to get equal shares ? No . As a matter of fact , especially when the contingent beneficiary is children , parents often do not apportion the benefit equally . What if you want to set up successor beneficiaries along bloodlines ? Such as your child , but if your child is not available , then your childs child ? This can also be done . Make sure you discuss this with your estate planning attorney . What if you want to make the beneficiaries minors ? Not a good idea . An insurance company will not release money to a minor . You will need to do some estate planning to secure that money . "}
{"input": "Can Life Insurance Have More Than One Beneficiary? ", "output": "Certainly life insurance policies allow for more than one beneficiary . Here is the thing to keep in mind , almost all life insurance companies deal in percentages versus amounts . For example if you have three beneficiaries you can not leave equal amounts . The percentages would be 33.3333 % . You would have to make one of the three 34 % and the other two beneficiaries as 33 % . "}
{"input": "Can Life Insurance Have More Than One Beneficiary? ", "output": "That is a great question ! There is no limit upon who or how many beneficiaries that you would like to have on your policy . The only stipulation in many cases is that they not be minors . If that is the case for you , then be sure that there is a legal guardian named , or a trust set up for them , until such time as they are legally able to access the funds . I hope that helps , thanks for asking ! "}
{"input": "Can Life Insurance Have More Than One Beneficiary? ", "output": "Of course ! You have the option to put on primary beneficiaries , contingent beneficiaries -LRB- in case the primary predeceases the insured -RRB- , and even tertiary beneficiaries if you 'd like -LRB- in case the primary and contingent beneficiaries predecease the insured -RRB- . Each level -LRB- primary , contingent , and tertiary -RRB- can have more than one beneficiary . You also want to make sure to designate what happens to a beneficiary 's share if he/she predeceases the insured -LRB- especially if there is more than 1 beneficiary - e.g. does it go to the other beneficiary ? to the estate ? to someone else ? etc. -RRB- The other thing you want to make sure of is that the policy structure does not violate the `` Goodman Triangle '' -LRB- named after a court case -RRB- . The Goodman Triangle , in short , states that 2 of the 3 parties of a life insurance contract must be the same to avoid certain tax consequences -LRB- same owner and beneficiary with a different insured or same owner and insured with a different beneficiary -RRB- . If you want to place more than one beneficiary on the policy , the owner and insured would have to be the same person to not violate the Goodman Triangle . When the Goodman Triangle is violated , the situation can result in the monies being subject to estate taxes or gift tax consequences . If a policy is owned by a trust such as an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- , the insured and beneficiary will be the trust and the insured will be the person who 's life the trust was created for . The trust would illustrate all of the payout structure scenarios when the insured dies and a claim is made on the policy . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any further questions . Thanks very much . "}
{"input": "Can Life Insurance Have More Than One Beneficiary? ", "output": "The beneficiary on a life insurance policy can be almost any arrangement of people . Whoever the owner wants to receive benefits can be the beneficiary . When the beneficiary is going to be particularly complex it is probably best to have a trust drawn up by an attorney to clearly identify the disposition of the money . "}
{"input": "Can Life Insurance Have More Than One Beneficiary? ", "output": "Absolutely . It is not at all uncommon for a person who takes out a life insurance policy to name multiple beneficiaries on the policy and to apportion what amount or percentage of the life insurance proceeds should go to each beneficiary . It is also common to have what are referred to as primary and contingent beneficiaries named on the policy . This is to address the possible situation where the primarybeneficiary named at the time the policy is issued passes away before or at the same time as the policy holder -LRB- think of a husband and wife being killed at the same time in a car accident for instance -RRB- . In this situation , if the policy holder received good advice from their insurance agent then the policy proceed would be paid to the contingent beneficiary rather than possibly getting tied up in the probate process in dealing with the deceased person 's estate . "}
{"input": "Does Health Insurance Cover Car Accident Injuries? ", "output": "Health insurance covers car accident injuries and injuries from just about everywhere else . There may be a deductible or coinsurance that may have to be met before the claim is paid . If you have car insurance , your benefits may be the primary coverage , and therefore pay before the health insurance pays the claim . "}
{"input": "How To Change To A Different Health Insurance Plan? ", "output": "Changing to a different health insurance plan can be easy if you allow it to be . First , you should speak to an independent health insurance agent that represents most of the major carriers . They will be able to save you weeks of research and be able to show you plans from the major carriers . They can then help you figure out which plan would meet your needs the best . You can also compare health insurance plans instantly on our website . If you are looking for under age 65 health insurance click `` other '' and it will take you to that section . If you are 65 or over you can compare Medicare Supplement plans on our homepage . You can also give us a call at 1-888-407-8664 . "}
{"input": "Can A Sole Proprietor Deduct Health Insurance Premiums? ", "output": "Yes providing that the sole proprietor is not eligible to participate in a group health insurance plan . Eligibility is determined on a month to month basis . What this means is , if you are a sole proprietor with a spouse who is employed and has access to group health insurance , you are NOT able to deduct health insurance premiums paid on a plan purchased in lieu of the employers group coverage . This holds true for all months that your spouse is employed and is eligible to participate in the plan . Another example of ineligibility would be a sole proprietor who also has a part or full time job where group health insurance benefits are available from that job . "}
{"input": "Does AAA Auto Insurance Cover Rental Cars? ", "output": "All auto insurance can provide you reimbursement for auto rentals ONLY IF you get that endorsement on your policy . The typical reimbursement for rental cars is $ 20/day up to $ 600 total . Most insurance companies will let you increase this up to around $ 50/day and $ 1,500 total . There is no standardized wording for this endorsement , either . I have seen it called `` rental reimbursement , '' `` rental coverage , '' `` rental guarantee . '' So , when you are looking through your policy to see if you have some type of rental coverage you need to look carefully . "}
{"input": "What To Look For In Long Term Care Insurance? ", "output": "The premium paid is always measured by the value proposition of the policy . The policy provisions are extremely important and need to be defined to the satisfaction of the potential policy owner before the policy is purchased . Why ? Because claims are the true test of any morbidity product , especially with long term care insurance . "}
{"input": "Does Fidelity Offer Annuities? ", "output": "Yes , Fidelity does offer a line of annuity products . They have fixed , immediate and deferred annuities ; then also offer variable annuities to their customers through another carrier . Fidelity advertises their annuities on their website as being good for retirement savings , retirement income , and both retirement savings and retirement income . "}
{"input": "Who Has To Have Health Insurance Under Obamacare? ", "output": "Most Americans that are under age 65 and not listed as an an insured under a parent 's policy must purchase coverage . There are , of course , exceptions , including persons that are covered under Medicaid or Medicare and visitors to the country that are not US citizens . Since there is a tax imposed for persons that do n't carry coverage -LRB- that are legally required -RRB- , it is best to utilize an experienced broker to help shop for the best prices . You 'll save time and money ! And you 'll avoid that pesky tax ! "}
{"input": "Who Provides The Cheapest Car Insurance? ", "output": "Car insurance is regulated by each state 's insurance commissioner . Therefore each company is going to reflect your driving record and how far you drive to work each day and if you use your car in your business and if you have a car that qualifies for discounts due to small engine or if you have the biggest engine and the loudest mufflers in town . Who provides the cheapest car insurance-you do . "}
{"input": "How Are Variable Annuities Valued? ", "output": "Variable annuities use a general account for guaranteed interest and separate accounts for equity and bond instruments . There are charges and fees associated with variable annuities , like most security products . Those fees must be satisfied before the earnings , if any , are applied to the remaining cash values . Keep in mind that you could lose money , still pay fees and may be subject to surrender charges from liquidation . "}
{"input": "How Long Does A Home Insurance Claim Take? ", "output": "A claim could potentially take as little as hours and depending on the circumstances much longer . Most carriers try to settle claims as quickly as possible normally within days . If you have extenuating circumstances involved with the claim then it could be stalled during the investigation of the situation that caused the claim . Contact your local agent and they can help you determine the documents and other information that can help you expedite a claim when the need arises . "}
{"input": "Who Qualifies For Disability Insurance? ", "output": "In order to qualify for disability insurance you must be a favorable risk in a few different categories . First is your occupation . The underwriter will want to know your employment history , job duties , earnings , net worth , education to that job and skill levels . Next is your health history . The underwriter will want to know your age , build , health history and will want you to take a paramed exam for fluid samples . Last is your lifestyle . The underwriter will want to know if you use tobacco products , drugs both illegal and prescription , your extracurricular activities , if you exercise regularly and any above normal risks . As you can see underwriting a disability insurance plan is very extensive . I would recommend using an experienced independent broker to help you navigate these plans and requirements . "}
{"input": "Who Qualifies For Disability Insurance? ", "output": "You first must establish verifiable income , generally for two years . Tax returns or W2s should serve as evidence of compensation . Self-employed persons may have additional requirements . The second item of qualification is your medical health condition and prior history . Then what amount do you want to cover from your varied income ? Compensation based on the average no frills disability insurance policy that can pay 60 % of your pay tax free , up to 80 % of your pay if you deduct the disability premium as a business expense . "}
{"input": "Who Qualifies For Disability Insurance? ", "output": "To qualify for disability insurance , a person must be working -LRB- likely more than 30 hours per week -RRB- , earn an gross income before taxes in excess of $ 18,000 per year -LRB- this number varies by the insurance companies in the market -RRB- , be in an occupation that is insurable , not have serious pre-existing medical conditions , and have a `` lifestyle '' that is not considered dangerous or hazardous -LRB- such as dangerous avocations , a bad driving record , etc -RRB- . These are not the only issues , but the most obvious ones . Consult a trusted insurance advisor to review your particular situation . "}
{"input": "Can I Transfer My Car Insurance To Another Vehicle? ", "output": "If you sell a vehicle and obtain a new vehicle you can keep the same policy . However the rates will adjust according to the new vehicle . When replacing a vehicle you will need to call your agent so the agent can update your existing policy and make sure the coverage 's are adequate . "}
{"input": "Why Are Insurance Companies Able To Discriminate? ", "output": "Imagine that I own a brand new Corvette and you own a five year old Fiat . Would you want to pay the same amount for auto insurance as me ? What if I only drove my car on Sundays and only went 20 miles and always had my mother in the seat with me , while you drove 700 miles a week on foggy dangerous roads . Should we pay the same amount ? But my mother is a previous race car driver and has three moving violations in the past 30 days . You have a perfect driving record . Should we pay the same amount ? I dont call that discrimination , I call that adjusting the risk . The insurance company calls it underwriting . "}
{"input": "Why Are Insurance Companies Able To Discriminate? ", "output": "Adding to what Scott said , insurance companies are just like all other financial institutions in that they try to operate at a profit . Forcing an insurance company to provide benefits to everyone regardless of their individual risk profile is like demanding that banks loan money to everyone under the same terms and conditions regardless of the individual 's credit worthiness . "}
{"input": "Why Are Insurance Companies Able To Discriminate? ", "output": "I think Discriminate depends on how you mean it . In cases of offering a product , a carrier can not discriminate by race . A carrier can not discriminate beyond what the state they are doing business in allows . In some states this may mean unisex pricing or outlawing `` red lining '' in others . Any insurance plan MUST be approved by each state 's department of insurance and subject to a review prior to allowing the product to be sold . An insurance carrier may be able to create separate classes within a type of policy by showing the statistical probabilities behind doing so . Women tend to live longer than men , This can be shown statistically so separate pricing can discriminate between the two sexes . This could be applied to smoking , weight , year of birth , health conditions and so on . . So if an insurance company can show a statistical difference based on gathered information , they can `` discriminate '' that way `` if '' the state allows it . What they ca n't do is take two people who are the same in every way and deny coverage for A while taking B into the plan . "}
{"input": "Why Are Insurance Companies Able To Discriminate? ", "output": "They price their products based on risk . That 's what insurance is . If you have a lot of tickets you are likely to wreck your car . You should pay more than a safe driver pays for auto insurance . You are riskier . If you have bad health , you have to pay more for health insurance and life insurance . You are more likely to be making claims on the insurance sooner . To not charge you more would require charging more to healthy people . Health insurance is changing from true insurance to an entitlement program . This will make it less costly than it is now for unhealthy people but it will raise rates for all the healthier and younger ones . It should be a good change but time will tell . But to answer your question ... would YOU want to be the insurance company and charge a 16-year old male driver with three tickets the same rate as the 45-year old woman with no tickets . If you answer yes , you should open an insurance company . You will get a lot of young customers before you go broke . "}
{"input": "Does Medicare And Medicaid Cover Assisted Living? ", "output": "Medicare is insurance coverage for `` medical care '' and does not cover the costs of assisted living facilities or long-term care facilities -LRB- custodial care -RRB- . Medicare will however cover qualified healthcare costs while a Medicare beneficiary is living at an assisted living facility . Medicare is more often used to pay for a skilled nursing facility or home health care . There are always exceptional circumstances that will allow Medicare to cover different types of care , for example , while in a qualified stay at a skilled nursing facility a Medicare beneficiary may also receive custodial care , but in most cases Medicare wont cover the costs of `` custodial care . '' In some states , Medicaid will pay for some of the costs associated with assisted livingif a qualified beneficiary has a limited income . Medicaid is designed to help seniors and some individuals with disabilities pay for healthcare when they are unable to pay for it themselves . Check on qualification requirements and available waiver programs for assisted living with your state Medicaid department . Individuals should seek out an extended care insurance specialist to understand options and formulate a plan to financially address assisted living or long term care needs before any such care may be needed . Jeffrey J. VanCleve 800-211-0017 "}
{"input": "Does Term Life Insurance Have Cash Value? ", "output": "There are term policies that accumulate cash value . Most do not . Those that do accumulate cash value do so to provide an end of term cushion or incentive . The product with which I am most familiar uses the accumulated cash value to offset the steep increase in premiums for the years following completion of the term . This could be valuable if the insureds life expectancy is short and the need for insurance remains . "}
{"input": "Does Term Life Insurance Have Cash Value? ", "output": "Yes , some do . Back in the olden days they were term policies in which dividends were paid . They date back almost to the days of the covered wagon and are probably just as rare :-RRB- Today we have term products with a return of premium feature . The idea is that if you outlive the term guarantee , you get all your premium back . Of course , you have to pay a lot more premium for this added benefit . Is it worth it ? It all depends on your ability to save on the side and reimburse yourself from your own fund . But it also depends on your philosophy regarding life insurance . Ive always maintained that cash value is secondary in life insurance . The primary value of this product is the survivor benefit . The exact amount of money your heirs need is provided exactly when they need it . And every dollar of that benefit costs pennies in premium . It is quite a deal . If on top of that , do you want to grow some cash on a tax-favored basis , go for it . But just make sure that the survivor benefit remains intact . "}
{"input": "Does Term Life Insurance Have Cash Value? ", "output": "No , term life is pure insurance . I compare it to renting an apartment . You live there but you have no equity . Term is good for a young family with a large insurance need . It can help pay a mortgage or other debts if you die prematurely . Term insurance is generally lower priced than whole life , initially , but when you look at the costs over time a whole life policy is far less expensive and will be available when you are likely to need it most . I always recommend a combination of whole life and term depending on the needs of my clients . "}
{"input": "Does Term Life Insurance Have Cash Value? ", "output": "I would recommend a Term policy with a return of premium provision -LRB- ROP -RRB- if you wish to accumulate a cash surrender value . In most cases you are not allowed to borrow against the reserve , rather it is refunded to you when you surrender your policy based on the provisions in your policy "}
{"input": "Does Term Life Insurance Have Cash Value? ", "output": "Some term life insurance plans do accumulate a residual value but not in the traditional sense of a `` whole life '' or permanent form of life insurance . Term life insurance plans that have a return of premium provision -LRB- ROP -RRB- accumulate cash surrender value . You are usually not allowed to borrow against the reserve , but it is refunded to you at policy surrender according to the provisions in your policy . "}
{"input": "Who Needs Life Insurance The Most? ", "output": "The people who need life insurance the most are the survivors . These are those who remain after you die . I assume that you love these people . While they dont need a life insurance policy , they need the money that the life insurance would have brought . They need basic necessities and they need time to recover from the shock of losing you . You dont need life insurance , they do . "}
{"input": "Who Needs Life Insurance The Most? ", "output": "Those who need life insurance the most fall in two categories . 1 -RRB- Those who owe somebody . 2 -RRB- Those who love somebody . If you fall in one of those categories you need life insurance . I can not even begin to tell all the stories I have seen of a loved one passing on leaving the rest of the family decimated without income . To me life insurance is one of the true selfless acts of love one could show their family . I recommend every have this discussion with your family and your agent about your need for life insurance . "}
{"input": "Who Needs Life Insurance The Most? ", "output": "That is a great question , and one that I am frequently asked . It 's easier to tell you who does n't need life insurance , than it is who does . There is a much smaller group who do n't . If you have a fund set aside that you will not need to touch during your lifetime for your funeral expenses and final debts , along with a funded plan to provide your equivalent yearly income for your survivors , you do n't need life insurance . Since the vast majority of Americans do n't fit that category , life insurance is probably a good idea . The idea behind the insurance is that you do not leave those behind as financially hurt by your passing as they are emotionally . I hope that helps , thanks for asking ! "}
{"input": "Does Life Insurance Earn Interest? ", "output": "Does Life Insurance earn interest ? There is one other way , other than the 2 answers given by Peggy Mace or Steve Savant , this is the interest that a Life insurance Company will pay on the death claim , from the date of death . This interest could accumulate if thee had been an investigation , or if the claim payment was delayed . "}
{"input": "Does Life Insurance Earn Interest? ", "output": "One of the crediting methods of life insurance is interest accumulation . Interest is generally credited after the policy expenses have been deducted from the cash value account . There are other crediting methods that use indices , both domestic and foreign as well as equities and bonds in separate sub accounts in variable life products . "}
{"input": "Does Life Insurance Earn Interest? ", "output": "If you purchase a permanent policy such as Universal Life , Whole Life , or Indexed Universal Life , the life insurance policy will earn interest . It will have a guaranteed interest rate and an interest rate that it `` could '' earn , which is higher than the guaranteed interest rate . Term life insurance does not earn interest . "}
{"input": "What Is Medicare Supplement Plan J? ", "output": "I found your question to be really interesting . In some states Plan J has been discontiued . In researching your question I found an `` advisor '' on line that emphatically states , '' if you still have this type of policy you should change '' . Then it appears that the Plan J policy has a $ 2000 deductible that has to be paid before any benefits are paid . If this policy has a $ 2000 deductible then I tend to agree with the `` on-line advisor '' and you need to change to a policy that is more commonly sold by the main line companies involved in the medicare supplement business "}
{"input": "What Is Medicare Supplement Plan J? ", "output": "Medicare Supplement Plan J was a good plan , however , it is no longer offered in any state . Medicare Supplement Insurance Plans can not vary by state . If they stop offering Plan J in one state then they stop in all states . Any person who still has a Plan J can keep that plan the rest of their life if they would like . However , with no new premium coming in from new customers the only way insurance companies can deal with rising healthcare costs will be to raise the premiums on Plan J . It would make sense for someone with Plan J to compare plans to see what is available . Plan F is the most similar to Plan J but Plan G is also something to consider . "}
{"input": "What Qualifies As An Erisa Qualified Retirement Plan? ", "output": "On September 2 , 1974 the Employee Retirement Income Security Act became law . The law was to establish financial disclosure of fees , standards for fiduciaries and provide guidance for plan participants . Recently 408 -LRB- b -RRB- -LRB- 2 -RRB- was added to shore up the full disclosure of plan costs . Plans developed under ERISA like 401 -LRB- k -RRB- s permit tax deductible contributions and tax deferred accumulation with distributions taxable as ordinary income . "}
{"input": "Can A 21 Year Old Get Life Insurance? ", "output": "Yes . The premiums for coverage depend on a number of factors including whether the 21 year old is a male or female , his/her medical history , height/weight profile , any tobacco usage , the amount of coverage the policyowner is looking to secure and how long he/she wants 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 . With such low rates at a young age , guaranteeing the premiums and death benefit for life is very affordable . 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 . "}
{"input": "Can A 21 Year Old Get Life Insurance? ", "output": "Yes , you can and in general terms life insurance is a financial risk management product that the earlier in life one purchases it the lower the cost will be . Without getting too technical there are essentially two types of life insurance ; term life insurance and permanent life insurance -LRB- often referred to as whole or universal types of permanent life insurance -RRB- . Term life insurance will be the least expensive and as it 's name implies it covers you for a fixed term or period of time -LRB- usually 10 , 20 or 30 years -RRB- . Whole life insurance policies are generally designed to cover you throughout life and until death . Whole life insurance policies are more expensive but they often offer features such a cash build up , the ability to be paid up in full over a certain period of time but continue in force until the policy holder 's death . Most people purchase a mix of these two types of policies to cover their differing needs throughout different stages of their lives . For example , you will probably have a need for more life insurance during your working years when you are getting married , having children , have a mortgage and other financial obligations that you want to protect your survivor 's from if you were to pass away during that stage of life . Having a large amount of financial protection with lower cost term insurance for these years is an approach used by many people . They then often compliment the term policy with a lesser amount of permanent life insurance to make sure that if the pass away in old age that their funeral expenses and any outstanding debts are taken care of and that they perhaps leave an inheiritance to their spouse , children and/or grandchildren . "}
{"input": "Can A 21 Year Old Get Life Insurance? ", "output": "Yes a 21 year old can get life insurance . Of course there are qualification questions but in most cases there should be no problem obtaining life insurance . I have helped many young people around your age obtain life insurance . The premiums are great due to your age . I recommend you contact a local independent agent who can shop multiple carriers to find you the right product at the best rate to fit your needs . "}
{"input": "Can A 21 Year Old Get Life Insurance? ", "output": "Of course , a 21 year old can get life insurance and the amount should be determined by who is dependent on him for income if he dies prematurely . If he is not married and has little debt or mortgage then he may only need a burial policy . As a financial advisor , I only recommend term protection which is the lowest cost of all life insurance . A 21 year old who is working has a great opportunity because he is so young to begin saving in a roth ira and this will lessen his need for more life insurance in the future . Along with this he must not get himself into debt . "}
{"input": "Can A 21 Year Old Get Life Insurance? ", "output": "Why do you ask ? It 's an odd question . Have you heard otherwise that 21 year olds ca n't get life insurance ? Is there something about you that is unusual for your age ? Are you distinguishing 21 from 20 or 22 ? It is hard to answer your question without knowing what prompted it . "}
{"input": "Can A 21 Year Old Get Life Insurance? ", "output": "In most cases , yes a 21 year old can purchase life insurance . But just like anyone purchasing life insurance first there has to be a need in order to establish a face amount . Who will be in a financial loss if you die today ? It could be from a funeral expense , to a debt repaid to someone who counts on your income . Next is insurability . Not all 21 year olds can qualify for life coverage . There are always a number of factors to consider . Underwriters look at build , life style , occupation andlocation just to name a few . I recommend contacting an independent life insurance broker to find the best product for your unique situation . "}
{"input": "What Auto Insurance Does Not Do A Credit Check? ", "output": "Nearly all carriers use credit in underwriting . The only variable is what sorts of events they rate on and how important it is to the rating process . Many will overlook credit , although Effective Coverage works with at least one auto insurance company in Texas who does not do a credit check for auto insurance . "}
{"input": "What If A Life Insurance Company Goes Bankrupt? ", "output": "Life insurance companies nearly always merge with another company , or are bought by another company , before they get to the point of bankruptcy . State regulators are very strict with life insurance companies to help ensure that policy owners are protected . If a life insurance company would go bankrupt , states have guaranty funds that can pay the death benefit up to a limit . "}
{"input": "What If A Life Insurance Company Goes Bankrupt? ", "output": "A life insurance company , operating in your state is regulated by at least two state departments of insurance . These agencies monitor the financial health of each insurance company that they admit to do business in their state . If a company appears to be in difficulty the commissioner in your state becomes very active in conserving the assets of the company to make sure that they can keep their promises . Most states have formal arrangements that obligate other companies to assist in helping a failing company keep their promises . "}
{"input": "What Is A Tax Qualified Long Term Care Insurance Plan? ", "output": "A tax qualified long term care insurance plan is one that is able to have the premiums deducted as a medical expense , and benefits received income tax free . Tax qualified plans have some requirements in regard to triggers and what is offered , that non qualified plans do not . Most long term care insurance sold today is tax qualified -LRB- TQ -RRB- . "}
{"input": "How Do You Cancel Aviva Life Insurance? ", "output": "Yes , you can cancel Aviva life insurance . Call Aviva at1 .800.800.9882 or send them a secure email at their website : WEBSITELINK . You might want to talk this over with your agent beforehand , to make sure that cancelling the policy is in your best interest . "}
{"input": "Does Renters Insurance Cover Loss Of Belongings Due To Bed Bugs? ", "output": "A homeowners policy is designed to pay for damages to your residence . The list of perils that the company insures against is lengthy but insects are specifically excluded in most policies . Eradication of bed bugs is not a covered loss under the policy . It is certainly a condition that should be corrected . "}
{"input": "How Much Life Insurance Can I Get Without A Medical Exam? ", "output": "The most Life Insurance I have heard of being able to get without a medical exam is $ 500,000 in one policy . However , you can purchase more than one life insurance policy without a medical exam . It would not be difficult to purchase $ 1,000,000 of No Exam life insurance by purchasing 3 policies . "}
{"input": "How Much Life Insurance Can I Get Without A Medical Exam? ", "output": "It depends on the insurer and the type of life insurance , but I personally have not seen any amounts larger then $ 250,000 without a medical exam . However typically you will find that most insurers are uncomfortable with underwriting such large policies without a medical exam . Most often it will be about 1/5th to 1/3rd that amount . However there are certain variables that may come into play depending on the situation . "}
{"input": "How Much Life Insurance Can I Get Without A Medical Exam? ", "output": "There are policies that offer up to $ 350,000 without any exam at all , and up to $ 1,000,000 with just a paramed exam that does not include a blood sample . Some will take an oral swab in place of blood test . If you take two or more No Exam policies with different companies , you can get a pretty large amount of coverage with no exam at all . "}
{"input": "Can Debtors Collect Life Insurance? ", "output": "A debtor can collect on the proceeds of a life insurance policy if that party is the beneficiary of a policy . It can depend on what state you reside in as to whether your life insurance proceeds can be exempt , if you are beneficiary because of statues you should not have any problems . The Creditor would have to know also that the policy existed to be able to pursue the debt in this manner . There are state and federal statues regarding creditors rights in insurance . Insurance was developed to protect against contingencies that might financially interfere with the proceeds that were set up for someones loved ones . "}
{"input": "Can Debtors Collect Life Insurance? ", "output": "Debtors who are collecting on a debt left by the insured person who died , can not collect it from the life insurance left to the beneficiary , unless the beneficiary was co-signer on the debt . If the debt was incurred by the beneficiary , then debtors can come after the life insurance that the beneficiary collected upon the death of the Insured . "}
{"input": "Do I Need Part C Of Medicare? ", "output": "You do n't `` need '' Medicare Part C , but you may choose to have it as your Medicare coverage . Medicare Part C is really known as the Medicare Advantage Plan . It acts like an HMO or PPO . Part C combines your Original Medicare Part A -LRB- hospital -RRB- and Part B -LRB- medical -RRB- , and usually Part D -LRB- drugs -RRB- . It 's important to note that if you have Medicare Part C -LRB- Medicare Advantage Plan -RRB- , you do n't need a Medigap Policy and ca n't be sold one to help supplement your health care . You can only purchase a Medigap Policy -LRB- Medicare Supplement insurance -RRB- , if you are still on Original Medicare Part A and Part B . There are a lot of moving parts to Medicare . Please let me know if I can be of further assistance . "}
{"input": "Do I Need Part C Of Medicare? ", "output": "Part C is not a requirement of Medicare . It is often referred to as Medicare Advantage . A Medicare Advantage plan can have Part D -LRB- prescription drugs -RRB- included in the coverage , a Medigap Policy can not . You must have Medicare part A -LRB- hospital -RRB- and Medicare part B -LRB- medical -RRB- to enroll in a Medicare Advantage plan or a Medigap Policy -LRB- Medicare Supplement -RRB- . "}
{"input": "Do I Need Part C Of Medicare? ", "output": "Medicare Part C is a catch-all for Medicare Advantage plans . When you enroll in an MA plan you are no longer in original Medicare but rather are in a `` privatized '' Medicare system . So you either have original Medicare -LRB- Part A and/or Part B -RRB- or you have an MA plan , but you do not have both . "}
{"input": "Will Car Insurance Cover Car Seat? ", "output": "Car insurance will , for the most part , cover for physical loss or damage to your car for a fairly wide rage of causes . This is , however , for the most part limited to the car as it came off the manufacturer 's line including any components that are permanently installed . So , if your car has a car seat that was permanently installed by the manufacturer , then it would be covered as part of the car . If , however , as in most cases , it is portable and installed by use of the belt system , then the car policy would provide no coverage . You would , however find coverage for it as personal property under your Homeowners , Condo Unit Owners ' or Rental Insurance policy . "}
{"input": "Why Contribute To A Retirement Plan? ", "output": "Contributing to a retirement plan is basically paying yourself first . Contribution to a qualified retirement plan is paying your self first and giving yourself a tax deduction and some plans have employer matched contributions . Paying yourself today will determine how you live tomorrow . "}
{"input": "When Can You Switch Homeowners Insurance? ", "output": "Most insurers will allow you to cancel coverage and replace coverage at any time . The company whose policy is being cancelled may charge either a minimum earned premium or a `` short rate '' cancellation but they will refund the balance of the paid premium . Mortgage companies work with this routinely . In summary you should determine the price on the new policy and then determine the cost , if any , of canceling the existing policy before making a decision . "}
{"input": "Where Can I Find Health Insurance Quotes? ", "output": "There are many sites where you can get instant health insurance quotes online . When you visit a page that provides online quotes , you follow the prompts on the screen . When it comes to health insurance , I always recommend consulting with an experienced broker because of all of the moving parts involved and it can be difficult for some to compare plans.You can run instant health quotes on my website if you 'd like -LRB- link available on my profile page -RRB- as well as other types including life , disablity , senior insurance , etc.Please let me know if I can be of further assistance . Thanks very much . "}
{"input": "Where Can I Find Health Insurance Quotes? ", "output": "Health insurance quotes are provided by may resources including experienced brokers and their top-rated websites . With more than 33 years as a health insurance broker , that 's what we do best . We shop for consumers so they can save . There are other ways to get quotes , including directly through the carrier -LRB- you do not get a lower rate -RRB- or through the . gov Exchange website ... assuming it is working ! "}
{"input": "What Is Aetna Medicare Advantage Plan? ", "output": "This is a Medicare Advantage Plan offered by Aetna . Several companies offer Medicare Advantage Plans . Medicare Advantage Plans are compensated by Medicare to administer claims . They will pay instead of Medicare . As a result most Medicare Advantage Plans offer more benefits than Original Medicare . There is also far less out of pocket exposure . Medicare Advantage Plans , unlike Original Medicare , will have a network of doctors that you must utilize , similar to the networks under most group plans . "}
{"input": "What Is The Smallest Life Insurance Policy You Can Get? ", "output": "The smallest life insurance policy I know of has a $ 1,000 face amount . The policies with very small face amounts are almost always `` no exam '' policies , and are generally geared toward final expense needs . Medically underwritten policies that require an exam usually have a minimum face amount of $ 50,000 to $ 100,000 or more . "}
{"input": "Does My Homeowners Insurance Cover My Cell Phone? ", "output": "Your cell phone is personal property . Your homeowner 's policy covers personal property . Claims are adjusted and you might be offered less than the replacement cost . The company would be responsible to pay the adjusted value minus the deductible . You might find that you would n't get any payment . "}
{"input": "Does My Homeowners Insurance Cover My Cell Phone? ", "output": "Great question ! Your phone should be covered , especially if it was damaged or stolen while in your home . The bigger question is what will they give you for it - if your policy pays `` actual cost '' , you may not get much for the phone , especially if it is an older model phone . If your policy pays `` replacement value '' , they will pay for the cost to replace the phone . The even bigger question ? Does your phone cost more than what your deductible is ? If not , you are better off just buying a new phone , and not filing a claim . If you need help , please feel free to contact me . Thanks for asking ! "}
{"input": "Does Homeowners Insurance Cover Renters? ", "output": "If someone is paying you to live in one or more rooms of the home that you occupy and insure , most homeowners policies exclude coverage on their personal property . The person renting from you certainly hasnt a legal ground for coverage . The renter can purchase an individual renters policy to provide coverage for their own personal property . "}
{"input": "Does Homeowners Insurance Cover Renters? ", "output": "A Homeowners '' Insurance policy form specifically provides coverage provided that the property is the primary residence of the named insured and property owner . Thus , if you decide to live elsewhere and rent your property , your Homeowners policy might not provide any coverage for you should anything occur . It would not under any circumstances provide coverage for your tenants . Best to discuss this with your Insurance Professional . "}
{"input": "Who Is The Cheapest Home Insurance? ", "output": "The cheapest homeowners policy is the one that pays all of the damages that you sustain -LRB- minus the deductible -RRB- when you have a claim . Anything less than that is expensive . It isnt the premium that matters ; it is the limits of coverage . A good agent will make sure that the limits match your needs so that when a claim happens there is adequate coverage . "}
{"input": "What Happens When My Life Insurance Policy Matures? ", "output": "If by matures you mean the end of the policy period , like the end of 20 year term life insurance policy , without converting it to a permanent policy coverage is terminated . If by matures you mean a permanent policy that endows at age 100 or age 121 , then there are a couple of scenarios . Unless otherwise stated in the policy , coverage ends on the maturity date . All policy loans of cash value , whether internal and/or borrowed out are recharterized as phantom income and the gain is taxed as ordinary at the effective tax bracket rate of the policy owner . "}
{"input": "What Life Insurance Companies Have Failed? ", "output": "Insurance companies are regulated by individual states . States provide guarantee associations which keep coverage in force as long as premiums are paid or there is cash value . This is often accomplished by transferring policies to another insurance company . The policy terms could allow that the policy be terminated . If this is happening to you right now , continue making premium payments to keep coverage in force . "}
{"input": "What Life Insurance Companies Have Failed? ", "output": "I could not personally answer every life insurance company that has failed recently . However , I can tell you that roughly 80 life insurance companies have failed in the last 40 years , so not all that often . When a life insurance company fails it goes into receivership versus bankruptcy . This process is handled by the courts that take the companies remaining assets to pay claims on a percentage basis to policy holders . Next to be paid would be creditors of the business on a percentage basis . Last to be paid would be the agency and agents themselves . Usually at this point the funds have all been dispersed and if the agents were advanced commissions , they too would repay the company by court order . "}
{"input": "What Does Renters Insurance Cover? ", "output": "A renters insurance policy will typically provide coverage for your personal property less your policy deductible in the event of a covered loss -LRB- fire , smoke , and lightning to name a few -RRB- . Liability coverage is normally also part of the policy that may provide coverage in the event that someone is hurt while in your rented premise that you are deemed responsible for . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "What Does Renters Insurance Cover? ", "output": "If you apartment was on fire and all your personal belongings were gone , where will you stay temporally ? Renters insurance will provide you with temporal hotel accommodation . If you were having a party at your apartment and one your guest slips and falls on your wet kitchen floor and breaks their hip and ambulance came took them to hospital and the medical bill is $ 28,000 . Now who do think is responsible for that ? YOU my friend ! Let say you loaded you car with your personal stuff worth say $ 5000 going on vacation to Florida . You car overheats at point and caught on fire and both your car and its content are gone . Assuming you have physical damage insurance on your car , your car insurance company with replace the fair market value of vehicle minus any applicable deductible . They will not replace your vehicle content of $ 5000 . If you had renters insurance for your apartment , they will cover your personal stuff in vehicle . "}
{"input": "What Is Custom Whole Life Insurance? ", "output": "Custom whole life insurance is a company specific product that allows you to select how many years you will pay on your whole life policy before it will be paid up . If the premium paying period is shortened the premium deposits will be increased , however , the cash value will increase more swiftly , lowering the cost for insurance and ultimately the cost for owning the policy . A single premium whole life insurance policy is , from that perspective , the least expensive policy that you can purchase . "}
{"input": "Can The IRS Levy Life Insurance Proceeds? ", "output": "Once constructive receipt of life insurance proceeds enter the beneficiaries account , it becomes an asset . If the IRS levies the account , the life insurance funds are commingled with the other funds in the accounts and can be collected . It important for beneficiaries to remain unencumbered with financial liabilities , especially when they may be receiving life insurance proceeds . "}
{"input": "What Are Life Insurance Gains? ", "output": "When money is taken out of an existing life insurance policy and the amount taken exceeds the total of premiums paid it is considered a gain and can be taxed as such . In such a situation the insured will often borrow the money from the policy . There may be additional tax considerations "}
{"input": "Does Medicare Pay For Avonex? ", "output": "Yes , Medicare does pay for Avonex for treatment for Multiple Sclerosis . However , there is a copay , so expenses for Avonex can still be quite high for the insured person with MS. There are some prescription assistance programs that can be used to assist in paying for the copay associated with Avonex . See WEBSITELINK for more information . "}
{"input": "How Many People Own Life Insurance? ", "output": "This stats are taken from LIMRA : Thirty percent of U.S. households have no life insurance at all ; only 44 percent have individual life insurance . Fifty percent of U.S. households -LRB- 58 million -RRB- say they need more life insurance . The average amount of coverage for U.S. adults has declined to -LRB- 167,000 -RRB- , down $ 30,000 from the average coverage in 2004 . While 4 in 10 households with children under 18 now include a mother who is either the sole or primary earner for her family yet , among women who have life insurance , their coverage is only 69 percent of the average coverage on men . "}
{"input": "Do I Need Homeowners Insurance In A Condo? ", "output": "Your HOA policy will only cover a portion of your actual risk . HOA 's may cover walls out and sometimes the entire until but what HOA 's do not cover is your personal property , potential loss assessments and your own personal liability which is the biggie . Condo polices are very inexpensive and offer a whole lot of protection . Plus if you obtain your policy from your auto carrier you may receive additional discounts on your auto policy . "}
{"input": "Does Long Term Care Insurance Pay For Nursing Home? ", "output": "Yes , Long Term Care Insurance can pay for nursing home expenses , or for extended care offered by assisted living , or even in home services , in some situations . Long Term Care Insurance kicks in when the insured person meets certain triggers -LRB- inability to do two or more activities of daily living such as showering or dressing without assistance , cognitive impairment , and/or the care is ordered by a doctor -RRB- . Payments can go directly to the nursing home or place providing that care , or the payment can go to the insured person , who in turn pays the source of his/her care . "}
{"input": "Can You Deduct Homeowners Insurance On A Rental Property? ", "output": "This is more of a question for a tax adviser , however based on my knowledge the answer would be yes , insurance on a rental property would be a deductible expense in most situations . Any business can deduct business expenses paid . Since rental property is a source of income , any expenses related to that property would be deductible . "}
{"input": "When Does A Widow Qualify For Medicare? ", "output": "A widow will qualify for Medicare when they turn age 65 . This assumes the widow or the spouse worked and is a US citizen or permanent resident of the United States . The person would get Medicare Part A & B plus they should consider a Medicare Supplement Plan -LRB- Medigap Plan -RRB- . Medicare Part A is typically free and covers hospital care . Medicare Part B has a premium of around $ 105 per month for most people which covers doctors and tests . Medicare Supplement Plans can vary based on which plan and what state a person lives in . For more information or to run a Medicare Supplement quote visit our website . "}
{"input": "Is My Life Insurance Safe? ", "output": "Life insurance companies are highly regulated by the states in which they do business . Historically , life insurance companies have been very safe and very reliable for paying claims . There are also life insurance state pools that provide a safety net if a life insurance company would default on its contracts . Typically , if a life insurance company struggles , it is bought by another company and all the policy contractual agreements are honored by the new company . "}
{"input": "What Is A Medicare Levy? ", "output": "If you are a senior with a high income -LRB- above $ 85,000 for those filing their tax return as single , above $ 170,000 for those married filing jointly -RRB- , you will pay a surcharge in addition to your standard Medicare Part B premium -LRB- $ 104.90 in 2014 -RRB- . The penalty you pay varies depending on your modified adjusted gross income -LRB- MAGI -RRB- from two years prior . "}
{"input": "Is An Annuity A Qualified Retirement Plan? ", "output": "Is an annuity a qualified retirement plan ? NO . An annuity can be `` used '' in or as part of a qualified retirement plan . An annuity on it 's own is not a qualified retirement plan . Where people get confused terminology wise is when they have a product -LRB- like an annuity -RRB- in their retirement plan , so they consider the annuity to `` be '' the retirement plan . The easiest way to think of retirement plans is they are a box , that stuff goes into . A qualified retirement plan is a box that you can put stocks , bonds , mutual funds and annuities into . The `` box '' is what makes them `` qualified . '' "}
{"input": "Is An Annuity A Qualified Retirement Plan? ", "output": "An annuity is inherently a non-qualified insurance product . A qualifies plan is generally an ERISA -LRB- The Employee Retirement Income Security Act of 1974 -RRB- sanctioned retirement plan like an employer sponsored 401 -LRB- k -RRB- or an individual plan like an IRA . You can fund a qualified plan with an annuity , but all distributions from the annuity in the qualified plan , including basis , are taxable as ordinary income . "}
{"input": "Does Aetna Student Health Insurance Cover Dental? ", "output": "Most student health plans provide limited benefits and are overpriced . For about the same premium you can usually get a true major medical plan . Student health plans usually include benefits centered around the student health center and possibly an affiliation with a local hospital . Pre-existing conditions may not be covered at all or there will be a delay of up to 12 months before they are considered a covered expense . Also the health policies have an expiration date , usually coinciding with the school year . Dental benefits , if included , are most likely limited to treating injury to your teeth . "}
{"input": "Does Aetna Student Health Insurance Cover Dental? ", "output": "It depends on the policy , but you can add it on to most policies . Some of the policies will have it included since most health plans are a `` plan '' that has set features including deductibles , copays , etc so look at all of the features and determine which fits what you need . "}
{"input": "When Not To File A Car Insurance Claim? ", "output": "If there is no one else involved in the accident and the cost to repair the damage is within your means to pay , PAY IT out of pocket ! Do n't put marks on your insurance history unless you have to . Save your insurance for the large losses -LRB- lets hope you never have a large loss -RRB- . Too often the loss of discounts , rewards , and surcharges exceed the cost of the cost of the repair . Customers get upset out it later and wished they had asked before . Good question and my advice be sure you have insurance with a company that has an agent that you can trust to ask questions , just like this ! "}
{"input": "When Not To File A Car Insurance Claim? ", "output": "This is a question you should always consult with your agent when a situation arises . Your agent should be able to properly advise you on the pros and cons of filing a claim for any given situation which will provide you with enough information to make an informed decision on whether or not to file a claim . "}
{"input": "When Not To File A Car Insurance Claim? ", "output": "Filing a car insurance claim for minor issues could result in an increase in what you pay , so you do want to consider a few things before you file a claim . 1 -RRB- Is this claim something I can pay for on my own ? If the answer to this is yes , you may be better off paying it and not filing a claim . 2 -RRB- How much is my deductible ? If your deductible is $ 500 , and the damage to your car is $ 700 to repair , you are still going to pay the majority of the cost yourself . You should try to pay the entire amount , and not get your insurance involved . 3 -RRB- Was someone else responsible for the damage ? If someone else caused the damage , it is very possible that THEIR insurance will need to pay for the damage . In this case , you have two options : contact their insurance and file your claim against their insurance , or file a claim with your insurance , and explain that the other driver was at fault . Your insurance will then pay your claim , but will seek repayment from the other driver . "}
{"input": "When Not To File A Car Insurance Claim? ", "output": "Generally speaking , if it is a minor physical damage loss to your car , namely somethingwhere the repair amount falls under your Comprehensive or Collision Deductible , you may want to think about not filing a claim . In all cases , however , discuss your options with your Insurance Professional . Keep in mind that if you have `` Full Glass '' coverage and/or Roadside assistance -LRB- Towing -RRB- , these are not subject to your deductible so they are worth filing . Again , your Insurance Professional is your best resource . Insurance companies review policies for both the size of claims paidand the frequency that claims are reported . Both can affect your rates down the line . "}
{"input": "How Much Does A Long Term Care Insurance Policy Cost? ", "output": "We 've entered into a new phase of the development for covering the risk of having to pay for long-term care costs and therefore , a new phase of designing coverage . The consumer does n't have to pay a fortune for at least some coverage , but expectations over how much risk one can afford to transfer to an insurance company may require some reality therapy.A base plan for a couple can cost around $ 3,000 - $ 5,000 per year depending on age . The design is simple : a fixed pool of money with as much access to it -LRB- maximum daily or monthly benefit -RRB- that one can afford . There is no accommodation for inflation and no riders , except perhaps the `` monthly home care '' rider which if not part of the contract should be added . It does n't cost much as a rider . The pool should be around $ 300,000 , if possible.A value plan for a couple can cost between $ 5,000 and $ 7,000 per year . The design includes the lowest cost inflation rider , monthly home care rider -LRB- if not included in the base plan -RRB- and maybe survivor waiver of premium . The pool of money to pay care costs and daily/monthly access to it should be as much as can reasonably afforded.A premium plan -LRB- which we used to illustrate routinely five years ago -RRB- for a couple can run from $ 9,000 - $ 14,000 / yr . depending on which combination of bells and whistles you want and can afford . This design would include one of the automatic annual 5 % compounded or simple benefit increase riders . Available riders could include shared-care , spousal waiver of premium , 0-day elimination for home care , non-forfeiture rider , and/or return of premium . Other riders , depending on the carrier , may be available . NOTE : This design is most likely to experience in force premium increases over time due to the uncapped benefit increase rider.For a single person , drop the above range of numbers down $ 1,000 for the base plan , $ 2,000 for the value plan , and $ 3,000 - $ 4,000 for the premium plan.These are all VERY ROUND numbers . The point is that columns and articles in the press recently have only looked at the old way of thinking about long-term care . It 's pointless to dredge up old statements by insurance companies which at the time reflected their ignorance of a -RRB- how many people would actually use their policies , b -RRB- how many would keep them in force if premiums rose - the lapse ratio is 1-2 % , about the lowest in the insurance industry - adjusting their benefits to stay in the game , and c -RRB- how few people would buy long-term care insurance - the percentage of Americans owning their own coverage is about 7-8 % and holding.The probability of needing to pay for some or all of the costs of extended professional care at home or in a facility is still relatively high as we live longer , but not necessarily better . No LTC insurance policy can promise to pay all care costs , but is anyone going to be turn away a payment from an insurance company that covers half of those costs?Some coverage is better than none . "}
{"input": "Is Long Term Care Insurance Premium Deductible? ", "output": "Your long term care insurance premium is deductible if you have a qualified -LRB- TQ -RRB- long term care insurance policy . That is because the US government now recognizes LTC premiums as a medical expense . If you have a non-qualified long term care insurance policy , the premium is not tax deductible . "}
{"input": "Does Renters Insurance Cover No Heat? ", "output": "No , under the provisions of a typical renters insurance policy no heat in the apartment or rented premise would not be covered by the policy . If you have an equipment breakdown endorsement on your policy the cost of repair to the heating unit may be covered possibly less your policy deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Does Term Life Insurance Expire? ", "output": "I know of some folks who bought 5 year term and still are paying after 9 years to keep it . That is just silly because the rates go up to be ridiculous . The smart thing to do is to get another term policy if you can , at least for 5 years more , and hopefully convert it during that time to whole life where the rates never go up . You need to talk with a professional . Call please . Gary Lane , Registered Representative , New York Life , 949\u00a0797\u00a02424 . Thank you . "}
{"input": "Does Term Life Insurance Expire? ", "output": "Term life insurance policies do eventually expire . Some expire at the end of the term . Some become annually renewable term policies at the end of the term , then expire some years after that . Whether or not your term policy expires , the price usually becomes unaffordable at the end of the term you originally took out . It is better to convert your policy to permanent insurance before your term ends , if you have that option . With many term policies , converting them to permanent will allow you to lock in a premium for the rest of your life . "}
{"input": "Does Term Life Insurance Expire? ", "output": "When you first purchased your term life insurance policy , one of the options you designated was the term length -LRB- 10 , 15 , 20 , 25 , or 30 years -RRB- in which the premium would remain locked in place for and could not increase . At the end of the designated term length premium guarantee period , the policy will do one of two things : 1 -RRB- the premiums will begin to increase each year by a substantial margin -LRB- based on age -RRB- 2 -RRB- the premiums will remain the same , but the death benefit will rapidly decrease -LRB- this method is only used on some term policies that are issued on a universal life chassis -RRB- What you will commonly see is the first method . For example , if you purchased a 20 year term policy and outlive the 20 year period , the premiums will start increasing in year 21 . Since the premiums will keep going up and up , most people replace the term policy with a new life insurance policy -LRB- term or permanent - depending on need and age -RRB- to create a new premium guarantee period . Note - the new policy will feature a higher rate structure -LRB- for the same coverage structure -RRB- as your older and due to any changes in health history - to accommodate this , you can adjust the face amount or length of coverage to reduce the premium of the policy . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . "}
{"input": "Does Term Life Insurance Expire? ", "output": "That is a great question ! Term life insurance is defined exactly by the name . The policy is active for the defined length of the term , at which point it expires , and your coverage ends . Most policies will state specifically the end date - 5,10 , 15 , or 20 years most commonly . The policies advertised so heavily by companies like AAA , AARP , and others will end the day you turn 80 . Sometimes that point is obscured by marketing or fine print , and many elders find out too late what they 'd purchased . The only other way your term policy will end is if you miss payments . Please check with a trustworthy agent before you purchase anything . I hope that helps , thanks for asking ! "}
{"input": "Does Term Life Insurance Expire? ", "output": "Most of the competitive individual term life policies these days provide for a guaranteed level premium period of between 10-30 years . At the end of the level period , if the coverage does n't terminate automatically , the premium usually increases so significantly , most policyholders do n't renew it . The coverage should be converted to a permanent policy before that time -LRB- while in the conversion period -RRB- or , if you are still insurable , work with a life insurance professional to find a new policy . Keep in mind that term eventually is not available due to age or insurability reasons . Buy permanent coverage as soon as possible to prevent your coverage terminating before you do . "}
{"input": "Does Term Life Insurance Expire? ", "output": "It ends once the term is up . If it is a 15 year term , you are no longer covered after that time frame is up . The best thing to do is to purchase a permanent life policy at a young age although most people do n't always understand that . Most will see that permanent is more expensive than term initially , but never consider the fact that they will either have to convert that policy to a permanent policy or buy one later on both of which will cost substantially more than if the purchased a permanent policy in the first place . They often do n't consider that they may no longer be insurable and ca n't purchase a life policy due to some medical condition . "}
{"input": "Does Term Life Insurance Expire? ", "output": "Term insurance will expire at some point in time as term policies are closed contracts which have a beginning and an end . With newer term policies the end comes between the ages of 90 to 95 . Many of the older term policies written end between the ages of 70 and 80 . If you have an older term policy , check to see when the policy ends and if there is a conversion option if you need coverage longer than you previously thought you would . As Jerry mentioned most term policies written currently have level premium periods of 5-30 years , but still have a life after in most cases . The cost after the level period expires will be much higher and increase every year after until the policy ends . "}
{"input": "Does Term Life Insurance Expire? ", "output": "As long as you pay the required premium , the term life policy will not expire until the end of the term . Even at the end of the term , most term policies are renewable on annual basis . Term life policies are guaranteed level with many companies so be sure you look at the policy premiums for the term you are looking for . "}
{"input": "Does Homeowners Insurance Cover Dry Rot? ", "output": "The best way to look when filing a claim on your home is to ask this question . Was the damage sudden and/or accidental . Dry Rot is something that happens over a period of time and really falls on the homeowners as part of maintenance of his or her property . As we like to call , Pride of Ownership . So in other words dry rot is not a covered peril . "}
{"input": "Does Homeowners Insurance Cover Dry Rot? ", "output": "I am going to have to give you the boring insurance agent answer : You need to check your policy and the perils -LRB- cause of loss -RRB- too see if your policy does indeed cover the loss . There are many home insurance policies and I can not comment on your policy , coverage and so on . However , I will say in my opinion this is a maintenance isse and would not be covered on your home insurance policy . It does get frustrating as a homeowner because you can not see everything but we are still responsible for the upkeep and maintenance of our property . Heck I recently had a hail storm in my area and had to put in a claim on my home and found I had dry rot on some window frames and had to deal with this issue myself . "}
{"input": "When Should I Buy Long-Term Health Care Insurance? ", "output": "Stand alone long term care insurance policies can be very expensive and generally are not a fixed premium so may well go up over time . When you purchase long term care as a rider on a whole life policy you will get the lowest premium rate for it that is available . So really then the best time to buy long term insurance is when you 're buying a whole life policy . If you already have a whole life policy without the LTC rider , you could either buy an additional policy or exchange your current policy for a new one and add the LTC rider . "}
{"input": "When Should I Buy Long-Term Health Care Insurance? ", "output": "A good time to buy Long Term Care insurance is before you have a serious health condition . LTC rates are based on health , especially the type of ailments that are more common among older people , such as crippling arthritis or stroke . Since the chances of one 's health deteriorating greatly increases in one 's 50 's and 60 's , it is a good idea to purchase Long Term Care Insurance in one 's 50 's , while you can lock in a good rate . "}
{"input": "When Are Annuities Taxed? ", "output": "Non-qualified tax deferred annuities that have gain in their contract will pay ordinary income tax on the distributions , whether by withdrawals , period certain payouts or life only annuitization . Distributions of basis are tax free . You only pay taxes on an annuity when distributions are made or at the death of the annuitant . "}
{"input": "When Are Annuities Taxed? ", "output": "Annuities are taxed when benefits are distributed . If the annuity is a part of a Roth IRA or Roth 403 -LRB- b -RRB- the benefit is tax free if the contract is at least five years old and the annuitant is 59.5 years old . Tax treatment of other annuities depends on the portion of the annuity that was purchased with after-taxed dollars , in which case the taxation is on the interest earned . If the annuity is inside an IRA or 403 -LRB- b -RRB- it will be taxed as ordinary income . "}
{"input": "What Are The Best Annuities To Buy? ", "output": "To determine whether an annuity is best for you , you need to establish a personal financial profile that includes a risk tolerance assessment and your life expectancy . Annuities have three basic crediting methodologies : fixed interest rate crediting , indice crediting and separate sub account crediting or debiting . The second item to determine is your effective tax rate . Once you have established these two parameters , financial profile and tax bracket you can review the top ranked annuities that are suitable for you . "}
{"input": "Can I Sell My Whole Life Insurance Policy? ", "output": "Life settlement companies may be interested in buying your whole life insurance policy . Generally , the insured person must have very advanced age or poor health for them to consider such a purchase . There are other options , such as having a relative pick up the premiums , setting up your policy to fund the premium , or cashing it in for surrender value . Contact someone you trust for assistance in making this decision . "}
{"input": "Can I Sell My Whole Life Insurance Policy? ", "output": "Could be . Just make sure you know what youre gaining , and what youre losing . What if you sell it , and then need coverage again ? Would you be eligible , considering your medical condition and lifestyle ? Of course , you do understand the price would be higher simply because youre older than when you had taken out that policy originally . What about the cash value of the policy ? That might be higher than the selling price . Think about that . Do your research . Also remember that with whole life insurance , you would be parting with a product that gives just about the best guarantees around . Guaranteed premium . Guaranteed death benefit . And guaranteed cash value . Take a quick survey of the marketplace and see if any of other product gives you a better rate of return on the guaranteed cash . Having said all this , if you are dead set on selling the policy , you have to find a good settlement company with whom to do business . They are a dime a dozen . Get a referral to some good ones . Interview them . Let them compete for your business . What is the most one would pay ? You should know that they will underwrite you . Your age and medical condition are key . They will not take all comers . Older , and frankly sicker , insureds are their preference . You may not even be eligible . If that is the case , look again at your life insurance options . You might be able to get better value from a guaranteed universal life product . Would you like to keep learning ? Check my blog : planrisklive.com . "}
{"input": "Can I Sell My Whole Life Insurance Policy? ", "output": "That is a great question ! There are companies out there that make a living off of other people 's hardships , and there are certainly ones that would buy your policy . I have to ask you why you are even considering this . They will not pay you near the face value , and you will be without coverage if you sell it . If you need cash , have you considered taking a loan out of the cash value ? Your coverage continues , and the process of getting the cash is very simple , and quick . Please consider talking this decision over with someone before acting upon it , okay ? Thanks for asking ! "}
{"input": "Is Aflac Long Term Care Insurance? ", "output": "Aflac is not long term care insurance . Aflac stands for American Family Life Assurance of Columbus , and the company sells a number of types of policies to groups and individuals . They do not carry a specific long term care insurance policy , although a few of their policies cover conditions that can lead to the need for long term care . "}
{"input": "Is Life Insurance Taxed In Texas? ", "output": "Life insurance in Texas is not taxed for income tax , in most situations . Life insurance proceeds do fall under the value of the estate if the policy owner is the deceased , and the one with the estate . If his/her spouse is no longer alive , federal estate taxes will be charged on the excess about the exempted amount , which is $ 5,250,000 in 2013 . Texas does not have a state estate tax at this time . "}
{"input": "Is Military Retirement A Qualified Plan? ", "output": "No , military retirement is not a qualified plan . It does not offer a vesting schedule for early retirees , it does not require membership in the Pension Benefit Guaranty Corp , and the money received through their retirement plan is considered wages and not pension monies . Therefore , the retirement plan offered by the military is non-qualified . "}
{"input": "Is A 401K Qualified Or Nonqualified? ", "output": "401 -LRB- k -RRB- refers to the section in the Internal Revenue Code -LRB- IRC -RRB- that permits employers to establish defined contribution plans for their employees . These plans qualify for special treatment under the IRC . Basically money can be contributed to a 401 -LRB- k -RRB- before it is taxed . This reduces the amount of currently taxed income . The money held in the 401 -LRB- k -RRB- can grow without incurring taxation . However , when funds are removed from the 401 -LRB- k -RRB- plan , the proceeds will be taxed as ordinary income except a contribution of after-tax income . "}
{"input": "Can I Add My Father To My Health Insurance? ", "output": "You would n't be able to add a parent to your health insurance plan because there are only certain dependents that are allowed to be added to your health plan - your spouse and your children/step-children . Since you can no longer be declined for health insurance due to a pre-existing condition or other health-related issue , your parents would be able to secure their own health insurance coverage . They may have group health insurance available through their employer if they 're still working . If they 're 65 or older , they would have Medicare as an option as well . I hope that helps answer your question . Please feel free to contact me for further assistance . Thanks very much . "}
{"input": "Can I Add My Father To My Health Insurance? ", "output": "Can you add your father onto your health insurance plan ? In most all cases the answer would be no . It will depend on what your plan allows in the dependent section . That would be where you start your review of this question . At this time I do not know of any plan that will allow a person to enroll as a dependent their parent . "}
{"input": "Does Everyone Get Medicare At Age 65? ", "output": "Everyone who is a legal resident of the United States and has paid into Medicare taxes for at least 10 years , will get Medicare at age 65 . If the person has not worked outside the home that long , they can get Medicare when they and their qualified spouse turn 65 . "}
{"input": "What Life Insurance Is The Best To Buy? ", "output": "Any life insurance agent who would tell you that there is only one best kind of life insurance to buy for every situation , is the kind of agent you should take with a grain of salt . The reason life insurance companies create so many types of policies is partly because of demand . Some products simply accomplish a certain purpose better than others . A reputable life insurance agent will visit with you to help you determine the best type of policy or policies to accomplish your financial goals and protect your loved ones . And in the process of that visit , you may save money by not throwing it after something you do n't need or want , too . "}
{"input": "What Life Insurance Is The Best To Buy? ", "output": "The best kind of life insurance to buy is custom fit for a specific purpose . Begin with clearly identifying your need for the insurance . Next , identify the duration you may need the policy or policies . Third , work to make sure it makes sound budget sense . Last , be sure to review your policy often as you needs might change ; what might have been best for you last year , may have changed by now . "}
{"input": "Does Dave Ramsey Recommend Long Term Care Insurance? ", "output": "Daves approach is to eliminate debt and self-insure for extended care . The value proposition of long term care has been questioned long before Dave addressed it . And Internet posting appear to confirm his self-insure approach with a little latitude that there may be exceptions to the rule . Daves debt reduction strategies are renowned for helping people get out of debt and stay on plan . "}
{"input": "Does Renters Insurance Cover Storm Damage? ", "output": "Yes , renters insurance would typically cover storm damage possibly less your deductible unless this type of damage was listed as an exclusion in the policy . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you . "}
{"input": "Can I Claim X Rays On Medicare? ", "output": "X-rays , CT scans , MRI and most diagnostic imaging tests are a covered item under Medicare Part B -LRB- and sometimes A -RRB- . Your doctor must have evaluated you personally and ordered the test as part of his or her diagnostic procedure . The imaging facility , clinic or doctors office will bill Medicare directly . "}
{"input": "What Term Life Insurance Should I Get? ", "output": "If you are asking what length of term life insurance to get , that depends on the need for which you are purchasing the policy . Generally , it is a good idea to lock in your rate for as long a term as possible , because no one knows what their health will be the next time they apply . Also , age makes a big difference in premiums , especially in men and those who need to add on table ratings due to a health condition . However , if you are buying life insurance to pay off a mortgage for which only 7 years are left , getting a short term policy makes more sense . "}
{"input": "What Term Life Insurance Should I Get? ", "output": "Product suitability for each proposed insured and the policy owner is very important , but bottom line the price rules the day . There are provisional nuisances that are important life convertibility to permanent insurance as one example . Gender , age , smoking status and health condition are personal factors that enter into the purchase decision . Some companies are more benevolent with impairments that others . Claims paying ability is very important , so a high ranked company is desirable . "}
{"input": "Can A Nursing Home Take Your Life Insurance Policy? ", "output": "There are limits on how much cash value can be in a Whole or Universal Life insurance policy in order to not exceed Medicaid asset guidelines . Term life insurance is not counted as an asset at all , since there is no cash value in Term insurance . If you do have a permanent policy with thousands of dollars of cash value , you have a number of choices . You can transfer ownership , but if entering a nursing home now , that will not protect it . You can possibly change it to a funeral policy , which is allowed . Or you can legally use the cash value to pay for nursing home care while holding onto some of the base coverage . Your social worker and life insurance agent can work together to make this the most favorable situation for you . "}
{"input": "Does Your Insurance Cover A Car You Just Bought? ", "output": "This will depend on if it is an additional vehicle or a replacement vehicle and how your policy treats replacement and/or additional vehicles . Only a reading of your policy can provide you with the specifics . Some policies automatically extend liability coverages to additional vehicles for a specified period of time . Some policies may provide physical damage coverage for a limited time.There is really no way to tell without referring to your contract of insurance . A competent knowledgeable agent or broker should be able to do this for you . "}
{"input": "Why Do I Need Medicare Part C? ", "output": "You may not need Medicare Part C. Medicare Part C has evolved into what is now referred to as Medicare Advantage plans . With an Advantage plan you are in a privatized Medicare system run by insurance carriers . Most Advantage plans have networks with strict penalties if you use a non-par provider and considerably more out of pocket than with original Medicare and a supplement plan . "}
{"input": "Does Medicare Cover Gym Memberships? ", "output": "Original Medicare does not cover gym memberships . Medicare Advantage Plans and some Medicare Supplements do ! This is one of the value added features of many Medicare Advantage Plans . If you want to be able to have a gym membership paid for look at the Medicare Advantage Plans in your ares . "}
{"input": "Can Medicaid Take A Life Insurance Policy? ", "output": "Medicaid allows persons going through a Medicaid spend down to hold onto a certain number of assets -LRB- $ 2,000 for an individual , much higher for a couple . -RRB- $ 1,500 of life insurance cash value in one policy is allowed in addition to that $ 2,000 limit . Let 's assume you are a widowed female in a nursing facility and your private funds are dwindling , so you are getting ready to go on Medicaid to pay your living and health care expenses . You have a life insurance policy with $ 10,000 cash value . What will happen to it ? 1 -RRB- You are allowed a final expense policy , so you could possibly assign that over to a funeral home or put it in a irrevocable trust to be used for funeral expenses . This would most likely be a feasible choice if the face amount of the policy is $ 15,000 or under . 2 -RRB- If the face amount is much larger than the cash value , you might be allowed to take a loan against your policy to get the cash value under the allowed amount , then use the loan to pay for your nursing home costs . That way you can still preserve your policy , even though you will be paying interest on the loan . 3 -RRB- In this example , there is no spouse , but if there was , you could transfer the ownership of the policy to your spouse , as long as it was compliant with Medicaid rules . If you have a disabled child , the policy could be transferred to a trust for them . 4 -RRB- You could convert your life insurance policy to a Long Term Care Benefit Plan that will enable you to keep a portion of the death benefit while legally using the policy to pay for your long term care costs . 5 -RRB- You could liquidate the policy and spend the cash on purchasing an allowable funeral policy or on your medical care . "}
{"input": "Does The SEC Regulate Annuities? ", "output": "Tax deferred annuities have three crediting methods : interest rate crediting , indexed crediting and separate sub accounts that use equity and bond and bond investments . Separate accounts in variable annuities are a registered security and fall under the jurisdiction of FINRA as well as the department of insurance in the state of issue . "}
{"input": "Is It Easy To Sell Life Insurance? ", "output": "I would have to say that it is not easy to sell life insurance unless you are gifted in a number of areas . A good life insurance agent must be a good listener as well as an articulate talker ; as good at handling written communication as at handling numbers ; have some medical knowledge in addition to financial knowledge ; be caring but professional . On top of that , you need the funds and training to get your feet on the ground and become successful . For the person who has all that in one package , selling life insurance could be easy . For most people , it is hard work . "}
{"input": "Is It Easy To Sell Life Insurance? ", "output": "Customers can not feel or taste life insurance . Life insurance rarely makes people laugh and fortunately it doesnt make them fat either . Life insurance is not tangible . Death is not a popular subject . Tolstoy wrote a novel about the death of man to illustrate who unaccustomed we are to dealing with that reality . However , on the other hand delivering a death benefit to a grieving family is very rewarding and motivates many of us . Everyone else visiting the grieving family comes with bills or condolences , we come with cash ! "}
{"input": "Is It Easy To Sell Life Insurance? ", "output": "Life insurance is not easy to sell as many people have preconceived notions about insurance . Even though life insurance is something that almost everyone needs or wants , people often procrastinate on the life insurance purchase . It can be one of the most important financial decisions a family will make , but often it is put on the back burner . A big reason is that people overestimate the cost by 3 times the price . If people take the time to look into life insurance , they will find that it may be less expensive and an easier process than they think . "}
{"input": "How Do I Know If I Need Medigap Insurance? ", "output": "That is a question only you can answer . Consider this . Medicare has two parts . Part A -LRB- hospital -RRB- and Part B -LRB- outpatient -RRB- . Medicare only pays about 80 % of the cost of your care , you pay the other 20 % . Your financial responsibility is unlimited . If you are comfortable with paying large deductibles for hospital admission and 20 % of outpatient charges you may not need a Medigap plan . The per admission Medicare Part A deductible is $ 1184 . The Part B annual deductible is $ 147 followed by 80 % coinsurance . -LRB- Medicare pays 80 % , you pay the balance -RRB- . #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans #GaMedigapQuotes "}
{"input": "Is Long Term Care Insurance A Good Idea? ", "output": "Long term care insurance is a good idea if you have an estate to protect . Nursing home costs are very high and you will be required to liquidate assets in order to pay for them . If you have a long term care policy , the policy will pay those costs . "}
{"input": "Which Health Insurance Is Most Popular? ", "output": "Having worked in the health insurance business for over 35 years I can tell you the most popular health insurance plan is usually the one that delivers the least value and does n't work well when you need it the most . Popular plans have doctor and Rx copay 's but often only cover a few drugs . Popular plans have a lot of moving parts and an unpredictable maximum out of pocket . "}
{"input": "Which Health Insurance Is Most Popular? ", "output": "It depends on where you live and what you mean by most popular . Some area 's have local HMO 's that are very popular in that area . As far as size United Health Care insures more people worldwide than any other company . Anthem / Blue Cross Blue Shield , Aetna , Humana are also large companies on a national level that are very popular . "}
{"input": "What Is The Best Health Insurance In Kentucky? ", "output": "This question can not be answered without more detail . Where you live , the health services you use , and what providers you prefer must be taken into account . While the Kynect exchange is the easiest in the country to use , the number of options available requires a great amount of research or knowledge to truly find the best coverage for an individual . A navigator or connector can provide information , but only agents and brokers can recommend specific policies , and there is no additional cost for this service . You can find navigators , connectors , and agents by clicking on the Assistors button at the top of the page within Kynect . "}
{"input": "How Much Should I Invest In Annuities? ", "output": "It depends on your circumstances . Never invest all of your funds in one vehicle . You need to keep some funds in liquid sources and then diversify the rest according to your individual circumstances , goals and comfort level . Whatever vehicle you choose to do this , invest as much as possible but make sure you understand the limitations and accessibility factors involved . A good independent agent or financial adviser can help you "}
{"input": "Can Health Insurance Be Denied For Pre Existing Condition? ", "output": "No and yes . Under the requirements of the Affordable Care Act -LRB- ObamaCare -RRB- anyone applying for major medical health insurance coverage after January 1 , 2014 can not be denied coverage for a pre-existing health condition . Insurance coverage is guaranteed to be issued and must cover pre-existing conditions immediately . However , this does require that you enroll for individual health insurance coverage during the mandated open enrollment period which for 2014 ended on March 31st . If you failed to enroll during the open enrollment period then you can not apply for major medical insurance coverage until the next open enrollment period which begins on November 15th for an effective date of coverage of January 1 , 2015 at the earliest . The only exceptions to this part of the law are for what are referred to as `` Change of Life Status Events '' such as marriage , divorce , losing other health insurance coverage , or having or adopting a child -LRB- as the most common examples -RRB- . For the remainder of 2014 the only options available to persons who failed to enroll during the open enrollment period would be Short Term Medical insurance or perhaps a limited benefit/indemnity policy . However , these policies do still have some underwriting question associated with them that could result in your being declined for coverage . Also , these types of health plans do not cover pre-existing health conditions and do not meet the criteria under the Affordable Care Act for being major medical coverage . Therefore , you would be subject to the individual mandate tax penalty even if you do take out one of these types of policies . "}
{"input": "Is Life Insurance Exempt From Creditors? ", "output": "If the creditor is going after money owed by the insured person who passed away , the life insurance is exempt from creditors if the beneficiary of the policy was a person . Creditors can not take the life insurance proceeds from a beneficiary unless the beneficiary co-signed the debt with the insured person , or has debts of their own for which creditors are seeking payment . "}
{"input": "Can I Add My Mother To My Health Insurance? ", "output": "You would typically not add your mother to your health insurance plan - additions are generally limited to spouse and children . There is not a savings in premium , so you 're not missing anything there . I understand you might be trying to include her in a family deductible , but if you fill out an application , you 'll notice that there is not a spot where you could enter `` mother '' . "}
{"input": "Can BMI Affect Life Insurance? ", "output": "Body Mass Index -LRB- BMI -RRB- does impact the premium for life insurance . BMI or simply the height and weight of the proposed life insured is a key factor in preferred risk guidelines . Favorable height and weight combinations can mean preferred rates . Average combinations will mean standard rates as a starting point for underwriting . Unfavorable combinations may mean substandard rates at best . Height and weight charts can vary significantly by life insurer . An independent life insurance professional can survey a wide variety of insurers to help you select the best ones to apply with for the best possible outcome . "}
{"input": "Can BMI Affect Life Insurance? ", "output": "Although Body Mass Index -LRB- BMI -RRB- is not one of the primary underwriting factors , it is directly connected to the Height and Weight parameters which are always primary items that are asked on an application for health insurance . An applicant that has a higher than normal BMI would be assumed to be overweight ; whereas an applicant with a lower than normal BMI would be assumed to be under nourished . Both of these situations would be deemed as a greater than normal risk to carrier ; should this condition exist , the applicant may be better off with an non-underwritten -LRB- guaranteed issue -RRB- life insurance policy . For a health insurance quote and/or application , you may follow the link : WEBSITELINK "}
{"input": "Can BMI Affect Life Insurance? ", "output": "BMI -LRB- Body Mass Index -RRB- numbers between 18 and 50 are the outer minimum and maximum parameters of what most life insurance companies will cover with a medically underwritten policy . If a person is extremely underweight or malnourished -LRB- BMI under 18.5 -RRB- or morbidly obese -LRB- BMI over 40 -RRB- , there are simplified issue policies for nearly every BMI , depending on one 's age and state of residence . For those with normal BMI , life insurance rates will be in the Preferred range as long as everything else is Preferred . For those who are overweight , the BMI will be part of the determination in what rating to give , along with other health factors . "}
{"input": "What Is The Monthly Cost For Medicare Part D? ", "output": "Since Medicare Part D plan are sold by different companies and in different options , the prices vary . You can anticipate a cost of approx $ 25 to $ 100/month in my area , depending on the bells and whistles of the plan . This can be higher or lower based on where you live . "}
{"input": "Will Homeowners Insurance CoverA Retaining Wall? ", "output": "HO-3 homeowner policies have coverage for `` adjacent sturcture '' . The question is how is this wall constructed and how does it influence the coverages of the policy . Is it a `` retaining wall '' designed to protect the house in some fashion ? When the home is first insured the company will send an inspector to view the property . If that `` retaining wall '' is interfering with the safety of the home they will refuse to cover the property . "}
{"input": "Will Homeowners Insurance CoverA Retaining Wall? ", "output": "Normally retaining walls are not included as part of the standard coverages in a homeowners policy . Your homeowners policy was designed to protect your home so that you have a place to live . It was n't designed to protect things that are n't part of the building . Now , there are optional coverages that some companies will offer and there may be coverage for a retaining wall in certain situations . It really depends upon your specific policy and what happened to the wall . Coverage is usually triggered by a specific event that is sudden and accidental . Settling of the wall is not a sudden occurrence and would n't normally be covered . However , if your wall is damaged by a storm or a fire , there may be coverage . Find an agent you can trust and they can help you figure out the best way to protect your property . "}
{"input": "What Should I Pay For Renters Insurance? ", "output": "I just wrote a renters policy and the annual premium was $ 92 / year . While that is on the low side , it does illustrate that the cost of a renters policy is not significant . However the cost of not having a renters policy can be significant . A lawsuit can bankrupts you . A fire can destroy everything that you own . If you are forced to move out you might find that alternative housing is significantly more expensive . "}
{"input": "Who Buys Fixed Annuities? ", "output": "That is a great question ! One of the biggest considerations in selling annuities is the clients aversion to risk . Some people are gamblers by nature , and have a high tolerance for risk . Some are not so tolerant , but are willing to take some chances , if they feel the odds are good , and have a more moderate risk tolerance . Some people are not tolerant at all . They want to know that their investment is ironclad , and know exactly what it will return . Fixed annuities are ideal vehicles for this type of person . There is little risk , and the returns are defined clearly . They are regularly purchased in plans that need to deliver clearly defined returns for that same reason . I hope that helps , thanks for asking ! "}
{"input": "What Is Centers For Medicare And Medicaid? ", "output": "The Centers for Medicare & Medicaid Services -LRB- also known as CMS -RRB- is a US Department of Health & Human Service agency . They are responsible for running several federal health care programs with Medicare and Medicaid being the 2 main programs . Medicare is a federal health insurance program that you are eligible for at age 65 or if you qualify from a disability . Medicaid is a federal and state run program . It provides health care services for certain individuals who qualify based on their income . "}
{"input": "Why Should You Have Health Insurance? ", "output": "The purpose of health insurance is to protect yourself financially in the event of a catastrophic event by shifting the risk to a third party -LRB- the insurance company -RRB- . This way you 're only paying a small amount of money and not stuck with a bill for 10s of thousands of dollars , if not 100s of thousands of dollars . Would you rather pay a small amount of the bill or take on the risk of paying the entire thing yourself ? For example , if you have a health insurance plan and broke your leg and needed to have a $ 100,000 surgicaloperation , you may only be responsible for a few thousand dollars of it -LRB- e.g. yourdeductible or coinsurance -RRB- , as opposed to being responsible for paying the entire bill yourself . How many people could afford to write a check for that amount without liquidating all of their assets ? Many health plans will provide additional benefits as well , such as coverage for preventive care , routine doctor visits , prescription drugs , etc. . I always recommend people consult with an experienced 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 let me know if I can be of assistance . Thanks very much . "}
{"input": "Can Life Insurance Be Transferred To Another Company? ", "output": "Life insurance can be exchanged tax free from one company to another via the 1035 section of the code that permits this type of transfer . Keep in mind that not all life insurance companies receive policies that have policy loans outstanding from other life insurance companies for exchange purposes . "}
{"input": "Does Car Insurance Cover All Vehicles I Drive? ", "output": "There is a misconception out there suggesting that your insurance covers you for any vehicle you drive . In reality the insurance travels with the vehicle . So , if you were to let a friend drive your vehicle and they were in an accident - you and your insurance company will be responsible and it will count against your policy . Depending on the severity of the accident , your insurance company could then go after your friend and their insurance . "}
{"input": "When Can You Borrow From Whole Life Insurance? ", "output": "In Canada , you can borrow from your whole life policy as soon as there is a cash value in the policy . If you pay the annual premium that could be day 2 of the policy . Important to remember that if the amount borrowed exceed the adjusted cost base of the policy it with trigger a taxable policy gain . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . "}
{"input": "When Can You Borrow From Whole Life Insurance? ", "output": "You can borrow money from a life insurance policy if it 's a policy that builds cash value - a permanent life insurance program . Permanent life insurance includes both Universal and Whole life insurance programs . Term life insurance does not build cash value and therefore there 's nothing to borrow from . The maximum amount you can borrow is up to the current surrender or loan value cited in the policy at the time you want to borrow from the cash value . Keep in mind , when you borrow money from the cash value , you are creating a loan against the policy -LRB- the funds are expected to be paid back and , much like you do when borrowing from a bank , an interest rate is being charged on the borrowed monies -RRB- . If the insured dies with an outstanding loan , the carrier will deduct the outstanding amount and any interest charges from the death benefit and give the difference to the beneficiary . Consult with your agent before borrowing from the cash value to find out what will happen when you create a loan against the policy and what you 're responsible for . I hope the information is helpful - please feel free to contact me for help and if you have nay other questions . Thanks very much . "}
{"input": "When Can You Borrow From Whole Life Insurance? ", "output": "As you build up equity , you can borrow against it in your permanent life insurance policy . This is one of the great benefits of permanent life insurance ! Generally , it takes about two years to reach this point , as the initial year 's premiums help defray the cost of setting up the policy . You can decide never to pay back the loan , and it is yours tax free to keep , but it will lower the death benefit , so do so only if necessary or pay it back if you can . Thank you . GARY LANE . "}
{"input": "When Can You Borrow From Whole Life Insurance? ", "output": "You can borrow against a whole life policy when the cash value is in the positive range . You should look at your illustration pages to see the year the excess cash begins to show value . Most whole life insurance policies reach this threshold between years 5 and 7 depending on how the agent set up at or near target price . I would consult with your agent or customer service on not borrowing too much cash value and lapse your policy . "}
{"input": "Can You Drive A Car Without Insurance On It? ", "output": "You can drive a car without insurance on it . A big car . A small car . A vehicle that is red , blue or green . But do you want to ? Unless your policy `` follows '' the vehicle and places insurance on it , you may not be covered . Make sure you 're covered by working with an experienced broker that can save you money . "}
{"input": "Can You Drive A Car Without Insurance On It? ", "output": "That is an excellent question ! How lucky are you ? If you think that you can drive without being pulled over , or without getting into any kind of accident , then maybe you can . If you do n't think you are the lucky type , then you are smart . Getting caught uninsured behind the wheel is one of the worst things that you can do to yourself . The fines are stiff , and there is often jail time , and it is extremely difficult if not impossible to get affordable insurance for a long time afterwards . In short ? No , you can not . Thanks for asking ! "}
{"input": "Can You Drive A Car Without Insurance On It? ", "output": "You can drive a car without insurance on it . It should run just fine . However if you are pulled over by a police officer , or become involved in a car accident you could get into plenty of legal and financial trouble . Driving an uninsured car is against the law . Any vehicle damage , or medical bills caused by the accident may become your sole responsibility . Buy insurance before driving the car . "}
{"input": "Which Private Health Insurance Is Good? ", "output": "A `` Good '' insurance carrier or plan really depends on your individual situation . However , as a broker of 9 years I 've found that using these three methods help me find my clients what 's good for them : Use Top RatedCarriers -LRB- Humana , UnitedHealthOne , Cigna , Aetna etc -RRB- Listen to my prospects needs Shop all the carriers for the best benefits at the lowest rate my client qualifies for Follow those simple rules and you should end up with `` Good '' coverage . "}
{"input": "Is TMJ Covered By Obamacare ", "output": "There is nothing in the Obamacare regulations that require an insurance company to cover TMJ . As has been the case in the past , at this point , very few , if any , insurance providers offer health insurance that provides any coverage at all for TMJ . There may be a handful of policies out there that do not exclude this condition , but I have yet to find one in any of the states I 've ever practiced . "}
{"input": "Is TMJ Covered By Obamacare ", "output": "I 've yet to find an insurance policy , on or off exchange , that covers TMJ . In my 10 year career I 've always seen TMJ written into the exclusions and limitations of each plan . Regardless of new guarantee issue policies , TMJ is still considered an excluded condition under most plans in the US . "}
{"input": "Who Offers Medigap Insurance? ", "output": "Many `` big name '' carriers including Blue Cross , Mutual of Omaha and United Healthcare offer Medigap insurance in almost every state . If you want real value you should consider some of the smaller carriers . For example , in Georgia and Tennessee you can often save $ 300 or more by picking someone other than the big name carriers . "}
{"input": "Can Health Insurance Deny For Pre Existing Conditions? ", "output": "The timing of this question is very interesting . The open enrollment period for policies covered under the Affordable Care Act closes today - March 31 , 2014 . Beginning tomorrow , April 1 of 2014 , anyone with a preexisting health condition must wait until the next open enrollment period to enroll in a plan . Coverage would begin on January 1 , 2015 . "}
{"input": "Can Health Insurance Deny For Pre Existing Conditions? ", "output": "Health insurance , if purchased through and Exchange -LRB- An experienced broker will help you enroll -RRB- will not require any medical questions to be answered and all pre-existing conditions will be covered . You may also be eligible for an Obamacare federal tax subsidy . However , many off-Exchange plans , such as short-term coverage , do not cover pre-existing conditions and medical questions will be asked . "}
{"input": "What Does Homeowners Insurance Cost In Massachusetts? ", "output": "Boy , there should be quite a few different answers to this question . However , in the spirit of trying to answer any rational insurance question with a rational response , Ill do my best . Price is an important consideration but so arent the reasons you are considering the purchase of insurance in the first place . Is it to repair and REPLACE any damage to your home or other personal property you own ? Is it to cover the additional cost of living in temporary quarters should your home be damaged or destroyed ? Is it to provide defense and payment should you be found responsible for injuring someone or damaging their property ? Depending on the age , location , and condition of your home as well as the cost to build or rebuild it , a reasonable approximation would be $ 2-3 per thousand per year . If it is any more or less than that , you may want to take a harder look at it . "}
{"input": "What Does Medicare Cover For Eyeglasses? ", "output": "Medicare is not designed to cover routine eye exams or corrective lenses . You may want to consider a supplemental policy which may make payments for exams and provide discounts for glasses , contact lenses , etc. . Eye exams and certain corrective intraocular lenses may be covered if needed to correct an underlying medical condition such as glaucoma , and cataracts . "}
{"input": "What Does Medicare Cover For Eyeglasses? ", "output": "Medicare does n't pay for glasses . In short , you will need to secure coverage under a separate vision insurance plan to receive benefits for glasses , contacts , and other routine services . Part B can provide coverage for some preventive and diagnostic eye exams for people at high-risk of certain conditions -LRB- e.g. diagnosing retinopathy in diabetics or mascular degeneration for age-related conditions -RRB- . You can check out the medicare.gov website for more specific information regarding condition/risk requirements for Medicare to pay benefits . "}
{"input": "Do Medigap Plans Cover Prescription Drugs? ", "output": "No , by law , Medigap Plans are not allowed to offer Prescription drug coverage within the plan . You would want to get Part D to cover prescription drugs . It actually works out better -LRB- for most people -RRB- that the plans are different . The reason is our medication needs can change from year to year so by having a Part D it allows the individual to change the prescription plan without changing their Medigap Plan . "}
{"input": "Do Medigap Plans Cover Prescription Drugs? ", "output": "Medigap does not include prescription drug coverage . As Bill noted , you would need to purchase a separate Part D prescription plan . It 's best to get the Part D plan when you are in your initial Open Enrollment Period . If you do not have continuous creditable drug coverage , you will be penalized and charged a fee on top of your Part D premium . "}
{"input": "Do Medigap Plans Cover Prescription Drugs? ", "output": "No . In today 's marketplace , if you have/want to purchase a Medigap plan and want prescription drug coverage , you would need to enroll in a stand-alone Part D plan . These can be set-up during the annual enrollment period -LRB- AEP -RRB- or if/when you have a special enrollment period -LRB- SEP -RRB- such as new to Medicare . Up until a few years ago , Medigap plans did offer prescription coverage under plans E , H , I , and J. Changes were made to the law that forced these plans to be taken off the market and would require you to buy prescription coverage through a stand-alone plan . If you purchased one of these plans before they were removed from the marketplace , you could keep them . Please feel free to contact me for help and if you have any other questions . Thanks very much . "}
{"input": "Who Sells Immediate Annuities? ", "output": "To find an agency that sells immediate annuities , you can go to a website or local life insurance agency that advertises them , or call to ask if they sell them . Immediate annuities are contracts between the person buying the annuity and the insurance company . Therefore , they are sold by agents who represent insurance companies . "}
{"input": "What Does Basic Homeowners Insurance Cover? ", "output": "A standard homeowners policy should include the following coverages : A. Dwelling B . Other Structures C. Personal Property D. Loss of Use E. Personal Liability F. Medical Payments Some carriers and states use different wording for these coverages from time to time and virtually every insurance carrier adds their own bells and whistles -LRB- some of which are very valuable and must have coverages -RRB- to make up their specific policies . Contact your local independent agent to discuss your home specifically and what coverages you need for your situation . "}
{"input": "Why does it cost more to insure an employee who's paid more, for doing the same job with the same risk as an employee who's paid less? ", "output": "That is a great question , with a very simple answer - while the risks for both employees are the same , the cost of covering their losses is n't . To replace the salary of the higher paid employee will obviously cost more than the lesser paid employee . Workman 's comp and disability pay a percentage of your pay , so the higher priced guy costs more . I hope that helps , thanks for asking ! "}
{"input": "Why does it cost more to insure an employee who's paid more, for doing the same job with the same risk as an employee who's paid less? ", "output": "The workers compensation benefit payable to a more highly compensated individual is greater than the benefit paid to a lower paid individual . The same is true for disability insurance . The premium is general the rate times the benefit . The greater the benefit the higher the premium . All of this is dependent upon the calculation for the benefit . "}
{"input": "Who Needs Life Insurance And Why? ", "output": "Anyone who has a family that they care about needs life insurance . If you have a business partner , your partner needs you to life insurance . Life insurance cover your debts , replaces lost income and pays your obligations after you are gone . If you have no assets or debts , and no family , or simply do n't care about fulfilling your responsibility after you are dead , you probably have no need for life insurance . "}