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Who Is The Cheapest Auto Insurance Company? | Pricing for auto insurance is going to vary from state to and company to company . So the answer is that will vary depending on your geographic area . I would highly suggest not shopping for coverage based on price along . There is an old addedge out there that says '' You get what you pay for '' unfortunately that is true in many cases . I recommend contacting a local agent to get coverage they will provide a point of contact when you have questions or issues with your coverage rather than just an 800 number . |
What Is Covered By Medigap? | Original Medicare -LRB- Parts A & B -RRB- covers appoximately 80 % of your healthcare expenses . Medicare supplements -LRB- or commonly referred to as Medigap -RRB- plans help provide coverage for the other 20 % . There are 9 benefits available in Medigap plans : 1 -RRB- Medicare Part A coinsurance and hospital costs up to an additional 365 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 5 -RRB- Skilled nursing facility care coinsurance 6 -RRB- Medicare Part A deductible 7 -RRB- Medicare Part B deductible 8 -RRB- Medicare Part B excess charges 9 -RRB- Foreign travel emergency -LRB- up to limits as cited in the plans -RRB- Each plan provides a percentage of coverage for the first 4 benefits . From there , each plan features some or all of the other 5 benefits . Plan F is the most comprehensive benefit as it covers all 9 benefits at 100 % . Plan G is almost identical as it covers 8 benefits at 100 % -LRB- the one it does n't cover is the Part B deductible . Plan N is also very competitive - as long as your primary care doctor accepts Medicare and assignment , your only other payment other than your premium would be the Part B deductible -LRB- $ 147 in 2014 -RRB- and a copay at the doctor 's office -LRB- up to $ 20 per visit -RRB- or hospital -LRB- up to $ 50 per visit -RRB- . I highly recommend downloading a copy of the Medigap guidebook on the Medicare.gov website - the guidebook is titled `` Choosing a Medigap Policy : A Guide to Health Insurance for People with Medicare . '' Agents will have this on hand as well - it 's required to be given to the proposed insured if they decide to apply for a plan . You can send me a private message if you 'd like me to e-mail it to you . |
What Is Covered By Medigap? | 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 . |
What Is A 403B Vs 401K? | The Internal Revenue Code allows an employer to establish a defined contribution pension plan under paragraph 401 -LRB- k. -RRB- Certain non-profit organizations can provide their employees access to a retirement savings plan under paragraph 403 -LRB- b. -RRB- The 403 -LRB- b -RRB- is usually in addition to the pension plan established by the school district or hospital concerned . |
What Is A 403B Vs 401K? | They are primarily the same thing -LRB- an employer sponsored retirement plan -RRB- but one is offered by a for profit employer and the other -LRB- 403b -RRB- is offered through a government entity such as a municipality or school district . The contribution rules are similar and allow employees to put money away pre tax for retirement . |
When Was Medicare Established? | People were first able to sign up for Medicare on July 1 , 1966 . President Johnson signed into law the Medicare Program on July 30 , 1965 . President Johnson enrolled former President Truman as the first person on Medicare at the bill-signing ceremony . Now there is original Medicare Part A & B plus people have the choice of a Medigap Plan -LRB- Medicare Supplement Plan -RRB- or a Medicare Advantage Plan . |
Does USAA Have Long Term Care Insurance? | USAA does not offer their own Long Term Care Insurance coverage underwritten by USAA Life Insurance Company . However , through their website they offer long term care insurance from John Hancock Life Insurance Company . You can contact a USAA agent , call their home office , or visit their website for more information . |
How Does Whole Life Life Insurance Work? | Very simply put , Whole Life Insurance has a death portion and a life portion . The death portion will pay the face amount of the policy to the beneficiary when the insured person dies . The life portion accumulates cash value for the insured person to use while they are still alive , if desired . They can take the cash as a loan and repay it back to their policy with interest , so that the death benefit stays intact . Or they can surrender the policy and collect the cash value at some point , at which time the death benefit ceases . Life insurance will eventually pay out if the policy is kept up correctly and if the owner keeps the policy long enough . It is a permanent policy to cover the insured person 's `` whole '' life . It may also pay the owner some dividends if it is a `` participating '' policy . Again , this is a very simple explanation , but gives you a general idea of how Whole Life Insurance works . |
How Much Does Renters Insurance Cost In Massachusetts? | Renters insurance in Massachusetts can vary in price , depending on which carrier you are insured with and the limits of your policy . Typically , a rate of between $ 10 and $ 25 per month is common although the price could be much higher if you have scheduled property or other specialty items . |
What Is The Difference Between Critical Illness And Disability Insurance? | Critical illness policies make cash payments to the insured upon diagnosis and for treatment of a specific list of covered medical conditions : cancer , heart attack , stroke , major organ failure , etc. . The policies make payments regardless of whether the individual is able to work . Disability insurance policies make cash payments to the insured during the time the person is unable to work . Disability insurance covers accidents , and a broader range of illnesses . |
What Is The Difference Between Critical Illness And Disability Insurance? | They are two totally different policies . Critical Illness pays if you are diagnosed with a critical illness such as heart attack or stroke or other critical illness . A disability policy covers you if you are unable to perform your job due to an accident or illness . It will pay a percentage of your income for a specified period . |
What Is The Difference Between Critical Illness And Disability Insurance? | Critical illness insurance pays a lump to the person who is diagnosed with a serious , life threatening illness . The benefit received is set by the stipulations in the policy . Disability Insurance pays a percent of one 's income to them on a regular basis if they are unable to work due to a disabling illness or injury . The amount is based on the salary they received before becoming disabled and lasts for as many years as was stipulated when the policy was purchased . |
What Can The Average Person Expect To Pay For Auto Insurance? | An Average person driving an average car living in an average neighborhood with an average driving record who wants average coverage 's and drives an average amount of miles and holds an average job with an average wife and average kids and an average income would surely pay an average price . However as an agent to be a little more specific I would need the answers to what is average . |
How Much Does Health Insurance Cost For One Person? | Good Question Health insurance cost is determined by many factors such as : insurance company , Your age , weight , medical history , gender , etc. . Keep in mind , normally the higher the deductible , the lower the premium . Tell your broker what you can afford and he/she should be able to help you with your options . |
Which Health Insurance Covers Nuvaring? | Great question and one I just went through with one of our clients . Some carriers do not cover this at all while others cover it at 100 % . Not sure why the variance under the new ACA but it is there . Assurant Health 's plans cover this at 100 % . Coventry does not . Did you know when you use an insurance agent to help you with coverage that there is no additional cost to you ? None ! So please call to get help with this or any other issue with your health insurance . We look forward to helping people every day . You may reach us at 913-279-0077 |
Can You Take Out Life Insurance On An Employee? | You Can Take out Life Insurance on an Employee if there is insurable interest and with their acknowledgment via their signature as the policy insured . 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 . |
How Is Xeloda Covered By Medicare? | Medicare may cover some cancer drugs taken by mouth IF the same drug is available in an injectable form or is a prodrug . Xeloda is included this list . However , you will typically see these drugs covered under a stand-alone Part D prescription drug plan - you would need to check your plan 's formulary to see if this specific drug is covered and at what tier it would fall under . You may want to check with Medicare directly to verify if your specific scenario would fall under the Part B coverage guidelines or if you would need to refer to your prescription drug coverage -LRB- i.e. Part D plan or MAPD plan -RRB- . |
What Is The Death Benefit Of A Life Insurance Policy? | The death benefit amount of a life insurance policy is the current face value of an in force policy . Most life insurance death benefit amounts remain the same from their date of issue . But some permanent cash value policies have options that can increase the death benefit amount beyond it 's original benefit . Some accumulating policies may increase in cash values enough to force an increase in the death benefit amount . |
What Is The Death Benefit Of A Life Insurance Policy? | The death benefit of a life insurance policy is the amount of money that the life insurer will pay the named beneficiary -LRB- ies -RRB- upon the death of the insured of the contract . For example , if the stated death benefit of a policy is $ 1,000,000 . The the insurer will pay the beneficiary -LRB- ies -RRB- $ 1,000,000 if the insured dies while the policy is in force . |
Does USAA Have Good Health Insurance? | USAA is a highly rated insurance company and I am sure anything they offer will be of high quality but you need to make sure that policy meets your needs . How do you do that ? Sit down with your significant other and write down what it is that you want the policy to provide . Then call the company and say , I want a health insurance plan that will pay 80 % of all charges in the event I am hosiptialized with a $ 500 deductible . I want the policy to allow each member of my family to go the doctor up to 4 times a year and only have to pay a $ 30 copay . I want that policy to pay 80 % of any prescriptions that I or my family memebers need to purchase . Do you have a policy that meets my expectations and if so what do it cost ? |
What Are Qualified Annuities? | Qualified retirement plans like 401 -LRB- k -RRB- s -LRB- under ERISA -RRB- may use tax deferred annuities as a funding product . Using tax deferred annuities in a qualified plan subjects the annuity to the rules of RMD distribution and the re-characterization of basis as taxable as ordinary income at the plan participants effective tax bracket rate . |
Does An Annuity Go Through Probate? | No , an annuity does not usually go through probate . As a life insurance product , annuities designate a beneficiary on the policy , and if the annuitant dies , the money from the annuity goes to that person . Like life insurance , the money does not go through probate when left to a person as beneficiary . Contact a tax consultant for more information and different scenarios . |
Does An Annuity Go Through Probate? | If the Annuity is owned by an individual and has an individual listed as the Beneficiary ; then it avoids probate and passes directly to the listed Beneficiary free of probate . But it is important to keep the Beneficiary for your Annuity updated on the contract . A Will does not override the Beneficiary designation on an Annuity contract . So make sure to review your Beneficiary designation upon any major life changes . Also , if the Beneficiary is not able to be found within a reasonable amount of time -LRB- or if they are deceased -RRB- , it can be reverted back to your Estate , thus being subject to Probate . This is why it is important to list a Contingent Beneficiary on your contract . You should also inform the Beneficiary that you listed them and give them contact info for the company . |
Will Renters Insurance Cover A Move? | A move has two stages , transportation on the open road , and relocation to the new residence . There is coverage for your personal property while it is away from the residence . This is usually limited to 10 % of the limit for personal property . Once the property has reached the new residence most policies will cover the property for up to 30 days . |
Will Homeowners Insurance Cover Sinkholes? | Homeowners insurance does not typically cover sinkholes . However , if your policy does cover sinkholes , it will be indicated on the declarations page of the policy . In TN , the law requires that sinkhole coverage is quoted as an option . Check with your agent if it is covered if you live in an area that has had sinkholes in the past . |
What Is The Best Car Insurance For A First Time Driver? | The best car insurance for any driver is the car insurance that provides for all the insured 's coverage needs at a price that they accept . Just as important as your coverages is the local agent that you are working with . This person in many cases with be your first point of contact when you have coverage questions or concerns about billing or claims . |
Is A Hyundai Tiburon Considered A Sports Car On Insurance? | That may vary by company , but I suspect not . Unless the car has been seriously modified for performance to the point where it is no longer `` street legal '' , it will more than likely be acceptable for coverage on a personal auto policy . It may be possible that one might pay more than if one owned a Sonata , for example , but that is probably not due to any identification of the car being a high performance vehicle . |
Is Life Insurance Paid Out In A Lump Sum? | Actually , on most all life insurance policies , benefits can be paid at the request of the beneficiary in a lump sum or over a payment plan agreed upon by the primary beneficiary . Even though the insurance company will pay a fair interest rate on the money held back for future payments , it usually is better to take the lump sum option and work with your advisor on a more suited distribution plan . |
Is Life Insurance Paid Out In A Lump Sum? | Life Insurance can be paid out in a lump sum , or it can be paid out in payments , or a combination of the two . If the life insurance proceeds are paid to the beneficiary over time , the insurance company pays interest on the portion that they have in their possession . |
How Much Do Medicare Supplements Cost? | The cost of a medicare supplement plan is determined by several factors : your age , your zip code , the plan you want -LRB- e.g. plan f , plan n , etc. -RRB- , and whether you use tobacco products . Rates will vary by insurance company and not every company offers every plan . If you 're being medically underwritten , you may be assigned level 2 rates instead of the standard rate/level 1 if you have certain medical conditions . Medicare supplement plans -LRB- commonly referred to as Medigap 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 . 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 -LRB- meaning no networks ! -RRB- . 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 the same benefits . The 10 different plans available are plans A , B , C , D , F , G , K , L , M , and N. Each plan offers certain benefits some more comprehensive than others . For example , Plan A offers coverage of only the basic benefits of Medicare Supplement Insurance , while Plan F is the most comprehensive . Plan F also offers a high-deductible version of the plan it is the only plan that offers this feature . Under a high-deductible plan F -LRB- also referred to as Hi-F -RRB- , the insured must pay for Medicare-covered costs up to the years deductible amount $ 2,140 in 2014 before the supplement plan pays anything . The benefit of the high-deductible plan F is that it offers the insured a much lower monthly premium . I would recommend consulting with an experienced Medicare supplement broker to determine which supplement plan is most suitable to your needs and your budget . Please feel free to contact me for help . Thanks very much . |
I Can't Get Car Insurance What Do I Do? | If you have a valid drivers license , then you should be able to secure coverage with a carrier directly or through your states insurance pool . Securing coverage through you state 's insurance pool program is typically much more costly than a regular carrier . After you have gone at least three years with a clean motor vehicle record you should be able to get placed with a regular carrier rather than the high risk carrier . |
Why Do They Take Blood For Life Insurance? | They take blood for life insurance so that they can detect evidence of tobacco use , drug use , or signs of illness or predisposition to illness . These are all factors that would cause the insurance company to rate you higher due to the increased risk . Partly , they do not trust all applicants to be honest about their vices or health , so use this concrete assessment . Partly , applicants are often unaware of their own health condition . |
Does Obama Want To Cap Retirement Savings? | That is an excellent question ! Unless you have more than $ 3 million in your annuity , you wo n't have to worry about it . -LRB- if you are , you own one or more of the .03 % of the nearly 21 million accounts that do , according to the Employee Benefit Research Institute -RRB- The idea presented in the latest budget proposal was meant to keep the super rich from being able to put huge sums into tax sheltered vehicles -LRB- Romney 's $ 100 million account was mentioned , as I recall -RRB- . President Obama is trying to narrow the gap between the haves and the have nots , by closing or narrowing the loopholes that are being used . Will he succeed ? Most likely not , since the majority of politicians are millionaires , and wo n't vote to cut their own profit generating schemes . According to the ERBI , only slightly over 1 % of Americans over 60 possess this kind of wealth , so I feel safe in saying that you wo n't have your retirement fund capped . -LRB- Even if it were to pass -RRB- Thanks for asking ! |
How Do You Invest In Annuities? | Some advisers use invest for securities and save for non-securities . You can invest or save from your cash flow on a monthly basis or pay a lump sum deposit into an annuity . For investors : variable annuities , a security , are a mid to long term investment when utilizing market equities and bonds via the separate sub accounts . Know your liquidity needs before investing and risk tolerance profile because you can lose money with variable annuities . For savers : fixed interest rate or indexed annuities , both non-securities , are short to midterm savings options . Know your liquidity needs before making a product purchase . |
Can Annuities Be Pledged As Collateral? | Deferred annuities are personal property and somewhat of a liquid asset that can be pledged as collateral for bank loans . The somewhat is the surrender charges and ordinary income tax due upon the termination of the annuity . The surrender charges affect the collateral holder , the taxes affect the annuity owner . |
How Expensive Is Private Health Insurance? | With the passage of the Affordable Care Act , the cost of Private Health Insurance depends on your age , where you live , and the level of coverage that you want . If you purchase a policy on the new Health Exchange then your income may qualify you for a subsidy to defray some of the cost . |
Can a title be in my name and my mother puts me on the insurance policy? | If the title of the car is placed in your name , then you must carrier your own insurance , normally . Some insurance companies , for example Safeco and others , will not allow you to be on another policy if you live in the same home . If you live in the same home as your mother , you might be able to have both your own policy and still receive the discounts that come with your mom 's policy . For example , Allied allows all household members to be listed on separate policies -LRB- like your mom and you since you have your own titled auto -RRB- , but gives you a multi-car discount , etc. . What is so important is that you tell your insurance company up-front know that she does n't `` own '' the car , some companies can just reference her name as having an insurable interest in the car . Just tell your agent up-front . If something happens , and you discussed it with him/her it is his/her responsibility to insure it correctly/accurately . |
How To Know If Someone Had Life Insurance? | To find out if someone had life insurance you will have to do some digging and asking . Most people respect making that purchase and keep a record of it somewhere . Relatives may know . You could contact a local insurance agency where that person did business . If all else fails , unclaimed life insurance will eventually be turned over to the unclaimed property files in the state where the policy was purchased . |
How To Know If Someone Had Life Insurance? | If you are a direct beneficiary of the decedent , especially if youre the spouse , review bank records for checks made out to insurance companies . Believe it or not it is the easy avenue to discovery , if you dont know for sure . And while youre at the bank check safety deposit boxes and any safes at home . If the decedent was taking social security benefits , the death should be reported . Life insurance companies are supposed to scan the Social Security Master file on a monthly basis -LRB- depending upon each state . -RRB- |
Is Medicare More Efficient Than Private? | Medicare Advantage is Private insurance companies administering medicare claims . The underwriters with private insurance companies appear to be better trained and above all the political posturing that goes on in Medicare . You either have a covered claim or you have an uncovered claim and they will not be coerced . I suspect that is the reason Medicare Advantage has proven to be profitable whereas Medicare is constantly victimized by those that will present false claims |
Does Job Affect Car Insurance? | That is a great question ! What you do for a living can have an effect on the price of your auto insurance , especially if you use the vehicle in a business capacity . If you drive long distances in your car , the annual mileage is a determining factor in your rate , and can cause it to be higher than if you only drive a short commute . Certain occupations can increase your rate , if the car is insured as a work vehicle . Contact your agent for the specifics . Thanks for asking ! |
Does Job Affect Car Insurance? | Insurance companies work with an amazing number of statistics . If they feel , for example , that plumbers are better than average risks , they can ask the state to allow them to discount auto insurance for plumbers . This has been applied to a variety of occupations by different insurance companies . On the other side if a company discovered that sheet metal workers have a worse than average record they could surcharge that group , if the state commissioner agrees . |
Where To Buy Fixed Annuities? | As an independent agent , I work with several A + rated insurance companies that offer a wide range of annuities . I also have surrounded myself with a very knowledgeable and professional team . Plus , I do extensive research on these products . This allows me to provide a product that is customized for the person wanting to purchase an annuity . That being said , when you are ready to purchase an annuity make sure you are dealing with somebody that you trust and that is knowledgeable in this area , as there are many annuities from which to choose . |
Where To Buy Fixed Annuities? | Fixed annuities are offered by many major insurance companies . You can purchase these contracts through experienced brokers that understand the complexities of an annuity and can use their expertise to determine which type of contract is best for you . There are many variations of annuity contracts , including the initial interest rate . Also , surrender periods and length of the guaranteed rate -LRB- initial rate -RRB- must be taken into consideration while comparing and shopping for the most suitable contract . They can be a valuable tool when planning for retirement . |
Where To Buy Fixed Annuities? | The first rule of thumb is not to purchase them from a proprietary career agent who generally offers the companys product line personally benefiting from their close relationship . Independent agents or registered representatives that have access to the majority of annuity product inventory through annuity brokerage outlets . |
Do Medigap Plans Cover Drugs? | Some Medigap Plans sold in the past did cover prescription drugs ; however , Medigap Policies sold after January 1 , 2006 are not allowed to include coverage for prescription drugs . Medigap Plans fill in the `` gaps '' that original Medicare does not cover . So it will pay for approved Medicare items . With that said , Medicare only covers a limited amount of drugs . Examples include : injections recieved in the doctor 's office , certain oral anti-cancer drugs , some types of drugs used with various durable medical equipment -LRB- ex : nebulizer or external infusion pump -RRB- , and under extremely limited circumstances , certain drugs you receive in a outpatient hospital setting . Some drugs in a hospital setting are known as `` self-administered drugs '' -LRB- drugs you normally take on your own -RRB- . These are not covered by Part B and , therefore , not paid for by your Medigap Plan . |
Do Medigap Plans Cover Drugs? | Medigap plans do not cover drugs . They use to until a few years ago when Medigap plans E , H , I , and J were taken off of the marketplace due to changes in the Medicare laws . If you have a Medigap plan and want to have coverage for prescription drugs , you would need to secure a standalone Part D prescription drug 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 . |
How Much Can You Borrow On A Life Insurance Policy? | Cash value permanent life insurance has the potential to accumulate cash . Depending on what life insurance product you purchased , the policy expenses and the policys performance will determine if you have money to borrow . Keep in mind that the early years of a cash value permanent life insurance policy have surrender charges that may restrict access to the cash value accounts and there are policy loan charges as well . |
How Much Renters Insurance Should I Have? | At minimum you should have enough coverage to be able to replace most if not all of your personal items in your rented premise . Take an inventory of all your clothing , ectronics , appliances , jewelry , and other valuables calculate the value of these items if you were to have to replace them . Please contact a local agent to discuss your coverage needs and desires so that they can provide you with the coverage options that are avaiable in your area . |
How Much Renters Insurance Should I Have? | Put a dollar amount on what it would take to replace all of your personal belongings -LRB- so if you take the house , flip it upside down ... everything that falls out is your stuff -RRB- and that is how much your personal property should be . Everything else that is covered is just a percentage of that . Most people choose a minimum of $ 25,000 . |
Will Homeowners Insurance Cover Flooring? | If the peril -LRB- the cause of the damage -RRB- is coveredby your insurance policy , then the policy will pay to replace the flooring . The value of the house 's flooring is included in the Coverage A -LRB- dwelling -RRB- limit of your policy becauseit is considered a permanently installed furnishing of the house . So , then the question becomes , `` Does my homeowners policy provide coverage for damage resulting from -LRB- fill in the blank with your peril -RRB- ? '' You can read your insurance policy to find this information . The homeowners policy will have a list of covered perils included in the coverage form . If , after reading that , you still have a question as to whether the specific cause of your damaged floor is covered , you should contact your local agent and discuss it with him . |
Will Homeowners Insurance Cover Flooring? | It depends what happened to your floor . For example , flooding from tidal water would be excluded under a standard Ho-3 homeowners insurance policy in NY . Wear & Tear is also excluded as well as intentional damage to the floor . Covered perils would include fire , wind , hail , vandalism , damage from a pipe burst and many other perils . If you have an HO-3 policy it would be covered under the dwelling portion of the homeowners insurance policy . Keep in mind you probably have a deductible that will come into play . Always check with your independent insurance agent for coverages that are specific to your policy . Hope this answer has helped you . |
Will Home Insurance Cover Broken TV Screen? | A broken TV Screen would be covered by home owner insurance only in the event of a covered loss such as burglary , fire , hail , or wind . Otherwise , the broken tv screen is not a covered repair to be filed on a homeowner 's policy . Most home owner policies have at least a $ 500 deductible . therefore , in the event it is covered , you may want to find out the cost of the repair before making a claim on your insurance . |
How Much Is It To Cobra Health Insurance? | That is a great question ! The unfortunate answer is that it is much more expensive than what you are paying now . The rule is that you pay the full price for your coverage , your part plus what your employer had paid , and then another 2 % on top of that . If you were on a family plan , each person looking to extend on the plan will also pay their own 102 % . It gets pretty steep pretty fast . I hope that you are just asking , and do n't have to find out for yourself . Thanks for asking ! |
How Much Is It To Cobra Health Insurance? | In short , COBRA is an extension of the current group health insurance plan offered to employees after they have left the company . This coverage can be kept for up to 18 months and is only available to individuals and families covered under a plan with more than 20 employees enrolled . Premiums for COBRA coverage are 102 % of the total cost of insurance this is important because many employers pay for part of the cost while the employee is still working . If you were only paying half of the premium before and your employer paid the other half , you would now be paying the entire thing yourself plus 2 % . Please note , COBRA election applies to each person individually that is covered under a given policy . If five family members are covered under a COBRA policy , they can all accept the coverage or accept it on an individual basis -LRB- for example , one or two family members accepting and three or four rejecting -RRB- . This is important because individual market health insurance can often be much less expensive than a COBRA policy , which can average $ 1,200-1 ,500 for a family and upwards of $ 2,500 per month for Cadillac plans at some companies . If you are in good health and offered COBRA coverage , do n't wait until it expires to look for a new policy . Please let me know if I can be of further assistance . Thanks very much . |
Can Nursing Homes Take Annuities? | There are some annuities that people take out in order to protect assets when they go on Medicaid . They are commonly called `` Medicaid annuities '' . If set up with expert advice and attention to every detail , this type of annuity may be protected from having to be spent down on nursing home care , if other funds run out . There are challenges , so it is important to talk to a trusted advisor . |
How Can I Get Health Insurance If I'M Unemployed? | If you do n't have access to a Group/Employer sponsored health insurance plan than you would have to apply for a policy on the Individual market . Based on what you qualify for and what what your budget is will directly reflect the type of policy you will get . The only other option would be government sponsored plans , however , many times these are difficult to qualify for . |
Is Medicare Advantage A Supplement To Medicare? | No , Medicare Advantage is different than a Medicare Supplement . A Medicare Advantage Plan is a program set up by the government utilizing private insurance companies to administer claims and benefits under the supervision of the Center for Medicare Services . While you are still in the Medicare System and have all the rights of Original Medicare , a Medicare Advantage Plan takes the place of Original Medicare . The plan would pay the claims and offer the benefits based on an allowance that Medicare provides the insurance company for each member they have enrolled . Medicare Advantage has less potential out of pocket and richer benefits than Original Medicare but most require you stay in network . Original Medicare does not have networks . |
Is Medicare Advantage A Supplement To Medicare? | Medicare Advantage is a private form of Medicare run by insurance companies . When you enroll in a Medicare Advantage plan you are no longer participating in original Medicare . Your doctor and other providers file claims with your Advantage insurance carrier , not with Medicare . Your Advantage carrier adjudicates the claim and pays it if approved . Advantage plans are not a supplement to Medicare , they replace Medicare . Amplification . Some people are confused about this since Advantage plans are often referred to as Medicare Part C . When you enroll in an Advantage plan your benefits are provided by an insurance carrier that is a sub-contractor of Medicare . Other than your Medicare Part B premium -LRB- which is still paid to Medicare , or deducted from your Social Security check -RRB- premiums -LRB- if any -RRB- for your benefits are paid to the Advantage carrier . Medicare does not review or adjudicate claims . Medicare does not resolve claim disputes you may have with your Advantage carrier . All of your benefits are covered and provided by your Advantage policy . If you decide to drop your Advantage coverage you have a right to switch to original Medicare . Original Medicare and Medicare Advantage are two separate and distinct systems of providing health insurance . Advantage plans cover the same medical conditions as Medicare -LRB- except Advantage carriers will not issue a policy if you have ESRD -RRB- but the benefits and administration are completely separate . Consider this . Medicare Part D is an insured benefit you purchase from an insurance carrier . The drug plans are not offered direct by Medicare and your claims are handled by the insurance carrier or the PBM that manages the coverage for them . Medicare Part C and D are completely independent from Medicare . |
What Is A Critical Illness For Insurance? | Experiencing a critical illness is generally understood as a related medical insurance item . But more people today are adding critical illness insurance to supplement their high medical deductibles or because they have health history in the family line as an example , heart disorders that end in surgery and convalescence care . Critical illness can fill the gap with lump sum cash . |
What Is A Critical Illness For Insurance? | The critical illness definitions for this type of insurance vary from policy to policy . Nearly all cover serious cancer , heart attack and stroke . Some cover Alzheimer 's , blindness , deafness , MS , Parkinson 's , brain tumors , and organ transplants . In order to see what the definition of critical insurance is for each policy , review the contract carefully . |
Why Are Variable Annuities Good Investments? | Product suitability determined by a personal financial profile that establishes risk tolerance and tax deferral as a priority , must first be developed . A non-qualified variable annuity not invested in the guaranteed interest account has market risk to principle deposited . The allocation of separate sub accounts may have greater or lesser risk determined by the asset mix . The economic goals of the investor must correlate to the variable annuity and its asset allocation mix and the length of holding period needs to match up to the investors economic timeline . A variable annuity is neither good nor bad ; however the recent variable annuity designs may not be as consumer centric as they were before 2007 . |
Where Can I Find Health Insurance? | Enrollment for the PPACA , or Obamacare as it 's known to most Americans , begins October 1 , 2013 , but not for everyone . Recent delays have pushed off implementation for some businesses and other exempt organizations . Each state either created a health exchange or is creating an alternative to it . Online health care vendors will also be offering health insurance . |
Can Annuities Go Bankrupt? | Insurance companies that issue annuities can go bankrupt . This is an extremely rare event given the regulatory overview that exists in the insurance industry , but it is possible . Insurers are required to hold , at a minimum , two times the amount of capital vs. the amount of anticipated claims they could incur in any given year . Any insurer who falls near or below this level is subject to serious regulatory oversight to correct and improve their capital position . |
What Is The Medicare Drug Benefit? | Medicare drug benefit in most cases refers to Part D. Your Part D plan is offered by insurance carriers and is available to anyone on Medicare that does not have drug coverage through a Medicare Advantage plan . Drugs administered as a hospital inpatient are covered under Part A. Outpatient drugs administered in a doctors office or clinic are often covered under Part B. |
What Is A Joint Life Insurance Policy? | A joint life insurance policy -LRB- also called a survivorship policy or second-to-die policy -RRB- is coverage on two lives . This is often used in estate planning when a policy will cover both the husband and the wife . At the death of the second person , the death benefit is paid to the heirs . The cost for the policy can be significantly less , because the insurance company knows that with a survivorship policy , the death benefit will most likely pay off years later than a non-survivorship policy . Another advantage of survivorship policies is that one person can be uninsurable . Some survivorship policies offer a first-to-die rider which pays out a portion of the death benefit at the first death . |
What Is A Joint Life Insurance Policy? | What is a joint life policy ? This is usually a policy on a husband and wife that pays on the second death . More often than not , these policies are used to create a money pool for the payment of estate taxes . I think there are also some joint policies that have been adapted for business partnerships as well . |
What Is A Joint Life Insurance Policy? | The marital deduction act was the basis for creating joint life insurance or survivorship insurance . The marital deduction act allowed married couples to pass assets between them at the death of the first spouse . Survivorship was created to pay the federal estate tax at the second death of a married couple , coinciding with the marital deduction act . Survivorship policies have several actuarial formats like participating whole life , variable universal life , indexed universal life , current assumptions universal life . |
How Much Can You Borrow From Your Life Insurance Policy? | The amount that you can borrow from your cash value of your life insurance policy will possibly be different from carrier to carrier . Most carriers will allow you to borrow up to a set percentage of you life insurance policy 's cash value . Contact your local agent to discuss the availability of money to borrow from your policy and your carriers requirements . 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 . |
What Is The Number One Life Insurance Company? | MetLife and its related companies have the most assets and life insurance in force than any other U.S. Company . John Hancock has the best five year net investment yield of U.S. carriers.There are life insurance companies who are the number one in several critical balance sheet items . |
What Is The Number One Life Insurance Company? | In addition to what Steve mentioned , there are not only different categories of sales volume , total assets or number of policies in force , but also different leaders by type of life insurance . Some providers are better with Term policies , while others are more specialized in Whole or Universal life policies . |
What Insurance Should I Get When I Rent A Car? | That 's a great question ! If you have auto insurance of your own , and your coverage is enough , you are fine using it . Check with your agent to be certain . If you do n't , the rental car company will have policies you can purchase . You may already have coverage as a perk from your credit card company , many companies will throw in rental car discounts and insurance when you use their card . Call them and see ! Thanks for asking ! |
Who To Talk To About Life Insurance? | The purchase of life insurance is a personal matter . My suggestion is to ask your colleagues , neighbors and friends for a recommendation . Make sure you are comfortable with the agent . Make sure the agent is honest with you and with the company that is represented . Listen carefully to the advice the agent gives . |
Who To Talk To About Life Insurance? | 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- . |
Who To Talk To About Life Insurance? | Who to talk to about life insurance will partially depend on your age , health , and the type of policy you need . If you have a health condition such as diabetes or heart disease , it is helpful to contact an agency that specializes in impaired risk . If you are over the age of 60 , you may want to contact an agency that carries many choices for seniors . And if you need permanent coverage , you will want to avoid agencies that only sell term insurance . All of us answering this question have websites where you can go to read about us and what we offer . And you can see by our answers that we are willing and able to assist you . So that is a good place to start . |
Who To Talk To About Life Insurance? | You need to understand the difference between an agent and the broker . An agent typically works for one company , therefore can only quote the products that company has available . On the other hand , the broker has the ability to `` shop '' around to find the right fit for the coverage you are looking for . Once you decide who you want to work with , then you can start the process to find the right company , the right product with the right premium to fit your budget . |
Does Long Term Care Insurance Cover Hospice? | Hospice care is the service provided for terminal ill patients or those in the last stages of life . Long term care insurance providers are a limited list of companies that address hospice in their extended care provisions in their policies . Their coverage and definitions of coverage will vary from company to company , so if hospice is a value consideration make sure the policy addresses it . |
Is Medigap Worth Getting? | Medigap or sometimes called medical supplement is insurance for people turning 65 years of age . Once you are eligible for Medicare Insurance Medigap comes into play . Medicare covers 80 percent of your medical bills and the Medigap Insurance covers the other 20 percent for the most part based on what the medicare covers . In many policies of Medigap it also covers some amounts outside the US . Medicare would not cover anything outside the US . Generally Medigap covers $ 50000 outside the US border . This amount is subject to the Individual insurance companies . |
Who Needs A Medigap Policy? | Anyone who is 65 or older and has Medicare Part A and Part B , also known as Original Medicare . Original Medicare only covers approximately 80 % of your healthcare . A Medigap plan -LRB- a.k.a. Medicare supplement plan -RRB- is designed to help cover the gaps in Original Medicare -LRB- the other 20 % -RRB- . There are 10 plans - A , B , C , D , F , G , K , L , M , and N. Plans F is the most comprehensive plan , but is generally also the most expensive plan - plans G and N provide very similar benefits but at a lower cost and can be much more suitable to certain individuals . If you 're trying to keep your premiums to a much lower level , there 's also what 's called a `` high-deductible '' plan F that provides the same benefits as the regular plan F , but requires a deductible to be paid first -LRB- $ 2,140 in 2014 -RRB- . |
Is Life Insurance Tax Deductible For Self Employed? | A sole proprietor or partner can not deduct the premiums for life insurance on the owner or partner . You shouldnt want to deduct the premiums . You want to receive death benefits income tax free . If your business is a corporation , the corporation can deduct the premiums just the same way they can deduct any payment made to you as either salary or benefits , but the corporation can not have any ownership rights . You would then pay personal income tax on the premiums paid by the corporation . |
Where Can I Get Insurance Without A Car? | There are many folks out there that have a company vehicle or other transportation provided to them . While the exposure is different it is still you driving a car or truck . so , you need coverage too . Do n't be confused by the fact the company that owns the vehicle -LRB- typically your employer has liability insurance -RRB- . Liability will generally be something you might have in Excess of their coverage . However it is not unusual for you to need coverages such as Medical Payments and Uninsured Motorist . Especially with large employers you might think the employer has a heavy protection for their employees , that may be true for liability but ask your employer about Uninsured or Under insured Motorist Coverage The way to approach securing non owned coverage is the same way we would recommend you obtain any insurance need . Call or visit an agent on line and ask for a quote . If you live in AZ , CA , GA , MO or TX we would be glad to assist you further . |
How To Decide How Much Life Insurance To Buy? | This is one of the most commonly asked questions about life insurance . While there is no specific answer , there are methods we can use to determine what 's right for you and your family . Most studies suggest many have no life insurance at all and of those who do , many are underinsured . We often meet with clients who have coverage of less than one times their current annual income . Insurance companies generally approve coverage amounts up to 25X income -LRB- under age 45 -RRB- . There are many calculators online which can help such as this one : WEBSITELINK But there is no substitute for an experienced life insurance professional who can help you plan to have the right amount based on need and budget and can adjust the plan over time to meet changing needs . |
How Much Should Life Insurance Cost Per Month? | There 's many factors that go into the premium calculations for life insurance to say what an average plan costs per month - it will be different for every person due to a number of factors including their age , gender , amount of coverage they want , how long they want the coverage for , their riskclassification -LRB- determined by the medical history -RRB- , and whether they 're applying with full underwriting or non-medical underwriting . 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 . Please keep in mind - every carrier has their own set of underwriting guidelines and mortality tables , and each may offer a different risk class for a given medical profile - e.g. company A may offer preferred -LRB- featuring lower rates -RRB- and company B may only offer standard -LRB- featuring higher rates -RRB- . Non-medical term life insurance policies will almost always cost much 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 . I would suggest consulting with an experienced life insurance broker who can work with you on a personal level and help determine what coverage is appropriate/suitable for your needs and budget and which carrier will work best for your program . I hope the information is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much . |
Do I Need Home Insurance At Mortgage Closing? | Good question If you buy a house with a morgage you must get property insurance or the bank will not finance it . It usally cost between $ 500 - $ 1200 a year for home insurance . Also you can get a good discount if you bundle your home and auto with the same compay . Good Luck |
When Is Medicare The Primary? | If Medicare is your only form of health insurance , Medicare is always primary . If you have coverage through an employer group health insurance plan Medicare can be primary or secondary . If the employer has 20 or more employees , the plan is primary . If fewer than 20 employees , Medicare is primary . |
Can Firefighters Get Life Insurance? | Yes , firefighters can get life insurance , as can police officers and other public safety officials . While there are questions asked on most applications about dangerous hobbies -LRB- such as parachuting or motorcycle racing -RRB- , and those answers could cause the policy to be rated up , the occupation of the insured person does not usually enter into the rating . Being a firefighter may restrict their ability to get a waiver of premium due to disability , but not life insurance . |
How To Buy Medigap Insurance? | The best way to buy a Medigap Policy is through a licensed independent agent who specializes in Medicare Supplement insurance . We work closely with you to make sure you understand the benefits associated with Medigap Plans and how they work for you . Independent agents are not employed by insurance companies . Instead , we have contracts with multiple carriers that allow us to shop the Medigap market and find you the best price for the Medigap Plan you desire . Some people like to avoid insurance agents and do the work themselves , but with Medigap insurance that is not going to save you time or money . Most insurance companies will not provide their insurance premium information to the public . The carriers who do share their premiums with you will , often times , be much more expensive . I have done a fair share of helping people move from their expensive Medigap premium to a lower one while still keeping their same exact benefits . Most of the time they had no idea there were other insurance companies available to them . If I can help you with your Medigap insurance needs , please feel free to call me at 1-888-411-1329 or visit www.remedigap.com . |
How To Buy Medigap Insurance? | Buying Medigap Insurance can be a lot easier than it looks . You can get immediate information and quotes by going to a website like ours . You type in basic information and can be reviewing quotes from the top rated carriers in about one minute . You can follow up with one of our licensed staff to get all of your questions answered . I would suggest the following to make things easier on you : Contact an independent agent that specializes in Medigap Insurance -LRB- Medicare Supplement Insurance -RRB- . Look at what plans are available . Learn what each of those plans will cover and not cover . Have that agent help you pick the the Medigap plan that best fits your needs and budget . Have the agent sign you up with the plan and the top `` A '' rated carrier that fits best for you . Good luck ! |
How To Buy Medigap Insurance? | I am going to say for your best interest you need to contact an insurance agent that you know and trust . You say Medigap policy and that term could refer to one of the high deductible plans-L , M. N - if you were to reside in South Carolina . There are some important decisions you need to make . If you need to go to Medicare Advantage due to budgetary restraints then you need to understand if you fail to enroll in original Medicare on your `` initial enrollment period ' you will have to pass underwriting issues to ever return to original medicare . While the Medicare Advantage plans are Part C and includes your coverages for Part A , B , & D in Part C , they all are not designed to pay all of your costs and you need to understand what the copays and deductibles are so you can make an informed decision , |
How To Buy Medigap Insurance? | 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 . |
Why Do You Have To Enroll In Medicare? | Technically , you do n't have to enroll in Medicare . It 's just very cost advantageous for healthcare expenses . Original Medicare -LRB- Parts A & B -RRB- pay for about 80 % of your healthcare expenses and you can have the other 20 % covered by adding a Medigap plan - a Part D plan can cover prescription costs -LRB- you would have cost-sharing for prescriptions -RRB- . If you 're not on group coverage through your employer -LRB- if you 're still working -RRB- and still have a traditional under 65 health plan , you will likely be spending a lot more on your health insurance compared to your Medicare coverage . Please feel free to contact me for further assistance . Thanks very much . |
What Is Covered Under Medicare Part D? | Medicare Part D is a prescription drug plan offered by private insurance carriers . Part D covers a number of outpatient prescription drugs . Each plan has a formulary that lists the covered medications and the copay . Some Part D plans have a deductible , some do not . In reviewing the plan look at total cost and covered formulary meds . |
What Health Insurance Covers Plastic Surgery? | Medical treatment to enhance the appearance is generally not covered by any medical insurance . Treatment to correct damaged skin is generally covered , particularly when it is medically required . In an interview with a plastic surgeon , I was told that it is difficult for them to draw the line as some repairs lapse into cosmetic surgery . For example , surgery on the eyelid can increase the beauty of the eye but it can also help a person from having strikes to their head from low objects such as cabinets . |
What Health Insurance Covers Plastic Surgery? | Essentially all health insurance plans will cover some forms of plastic surgery . The crucial distinction that the consumer must understand is the difference between reconstructive plastic surgery and cosmetic plastic surgery . For example , accidents , burns from fires or chemicals , and some cancer treatments trigger the medical necessity criteria necessary for restoring or at least improving the normal functions of an individual . This is totally different than you deciding you would feel better about yourself if you had your favorite movie star 's nose or breasts . That would be a purely cosmetic procedure with no bearing on your physical health -LRB- if fact , you are actually putting your physical health at risk -RRB- . If you want to pay to look like a real life Barbie Doll then go for it but your health insurance company loves you just the way you are . |
What Is The Average Cost Of Medicare Supp Insurance? | 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 the 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 . |
Is All Term Life Insurance The Same? | The basics of a term policy are similar . Companies sometimes offer incentives that might make a difference to you . Some companies include a small amount of cash value to ease the time when the policy expires , other companies offer dividends and some have offered large cash incentives at the end of the term . |
Is All Term Life Insurance The Same? | For the most part , yes , but there are differences . Some term plans pay participating dividends to reduce the total cost of your coverage . Others have conversion options which can be helpful if you need coverage beyond the expiring term and are no longer insurable . Waiver of premium provisions should also be considered especially in light of conversion . |
Is All Term Life Insurance The Same? | That is a great question ! I 'd say yes , in the same way that white and wheat breads are the same - they are both bread in function , but not in form . Term policies are the same way . They are the same in that they all end , and have no cash value , but there are several forms of them . If you would like more detail , please feel free to contact me , okay ? Thanks for asking ! |
Is All Term Life Insurance The Same? | No . Term life insurance can be purchased with simplified or full underwriting . It can offer annual renewable or guaranteed level coverage periods like 5 , 10 , 15 , 20 , 30 and a few at 40 year . -LRB- The longer the coverage period the more age becomes a factor and based on age , companies limit the length of coverage . -RRB- Some term life insurance includes convertibility clauses to extend coverage and offer living benefits either embedded in the policy or as an additional rider . |
Is Life Insurance Vatable? | Most countries exempt life insurance and other financial services from paying VAT -LRB- value added tax -RRB- n . If the invoice from the life insurance company shows IPT -LRB- insurance premium tax -RRB- listed , the policy is probably exempt from VAT . However , there can be exceptions . Talk to your tax consultant to get your answer . |