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Does Health Insurance Cover Scoliosis Surgery? | Scoliosis is an abnormal curvature of the spine . There are many ways to treat and manage scoliosis including but not limited to braces , physical therapy , chiropractic treatment , osteopathic treatment , casting and as a last resort , surgery . If the condition can not be effectively treated with less invasive treatment , your health insurance carrier should cover surgical intervention . |
Is Hormone Replacement Therapy Covered By Medicare? | It depends on the therapy involved but as a rule yes as long as your doctor finds that it is medically necessary . There may be cases where such therapy is considered experimental or beyond what Medicare feels is necessary . In such cases Medicare may not want to pay . |
What Is The Accumulation Period For Immediate Annuities? | There is no accumulation period for immediate annuities . After you purchase the SPIA -LRB- Single Premium Immediate Annuity -RRB- with a single lump sum amount , you are able to begin receiving payments from the annuity almost immediately . Typically , you will receive your first payment one month after the immediate annuity is procured . |
How Fast Can You Get Auto Insurance? | In most cases auto insurance can be purchased in one day or the same day you request to quote . As long as all information is provided and validated there is no reason why anyone ca n't get insurance the same day as long as it 's not to late in the day . |
Who Can Qualify For Disability Insurance? | To qualify for Disability Insurance , applicants need to show that they do not have an exceptionally high risk of becoming disabled . Having a health condition that lends itself to becoming disabled , even though the risk of death is very low -LRB- e.g. MS -RRB- will make it difficult to get a Disability Insurance policy . The applicant must also earn an income . Stay at home workers who are not compensated are unable to qualify for disability insurance . |
What Life Insurance Can You Cash Out? | Life insurance that can be cashed out is life insurance with a cash value . This is Whole Life or Universal Life , although not every Whole or Universal Life policy has cash value at any given time . Term policies can only be cashed out if they are Return of Premium -LRB- ROP -RRB- Term . And you must wait until at least half the term has passed before you can get any cash when surrendering an ROP term policy . |
What Life Insurance Can You Cash Out? | You can only cash out life insurance that has a cash value build-up . Permanent life insurance programs -LRB- including both universal and whole life policies -RRB- bulid cash value - term insurance programs do not build cash value . If you 're looking to cash out your policy , there are a number of things to consider before deciding whether to cash out any life insurance policy . One of the things that most people do n't think about is their insurability , especially when they have an existing plan . They may have preferred rates at the time they got it , but are now being treated for some medical conditions -LRB- heart issues , diabetes , cancer , etc. -RRB- and may be looking at standard or substandard rates on a new plan if they decided to get coverage again later on . If you 're looking at securing new coverage / replacing the old policy , you should compare the two structures and make sure it 's the most favorable course of action for you . Another item to review on the policy before cashing out is whether there are still any surrender charges on the policy and whether there would be any taxable gains -LRB- the cash value is greater than the sum total of premiums paid into the policy -RRB- - these 2 items can affect how much money you actually receive if you cashed out the policy . I highly recommend consulting with an experienced insurance broker who can review all of these points and others with you so you can make sure it 's an optimal move for you . After all things considered and you still want to cash out the policy , you can call the carrier/contact your agent and tell them you want to terminate the coverage -LRB- the amount you receive would be less any surrender charges or loan fees , if applicable -RRB- and they 'll send you the necessary paperwork Depending on the size of the cash out , an option to consider would be putting the money into an annuity to guarantee an income for the rest of your life -LRB- or for a fixed number of years -RRB- . I hope the information is helpful - please feel free to contact me for help and if you have any questions . Thanks very much . |
What Life Insurance Can You Cash Out? | How much money do you want to cash out ? Do you want to cash out tax free money ? Are you planning for retirement , emergency fund , college savings for kids , or an income replacement ? These are some important questions you should ask your self . Whats the most important thing to you ? Life insurance can solve many problems cash or protection . I believe having an expert adviser educate you on the benefits of owning life insurance and how it can benefit you and your family is priceless . Two products to look out for is index universal life and whole life . You can have your money grow with a fixed rate of return on your money can earn higher returns with stock market like growth with the upside potential with out the downside risk . Visit my site for some free educational videos . |
What Life Insurance Can You Cash Out? | What type of insurance can you cash out ? Well , those with cash values would be the first to come to mind . Some cash value policies would allow you to take the full amount shown as cash values . Others , may have a surrender table that means you would forfeit some of those cash values if you are removing funds too early . |
What Life Insurance Can You Cash Out? | There are two main types of life insurance . The first is term life insurance which has no cash value . Think of it as renting . The second type of life insurance is cash value life insurance . The most popular go by names like , whole life , universal life , indexed universal life and variable life . All of which have cash value that builds with time . If you have one of these types of plans , look for the pages marked `` illustrations '' . You will find a cash value column explaining how much cash is built up in a given year . Most policies allow you to take a `` cash loan '' against them and keep your coverage in force . You may also cash out completely or roll the cash value to another plan . You will find the average policy will not have cash value until coverage has been in force for about 5 years . |
What Is The Age Limit For Long Term Care Insurance? | The age limit for buying Long Term Care is usually 84 years old . For your information , the average age that people buy Long Term Care is 57 . It 's obviously more affordable to buy it when you 're younger , but if you 're younger than 84 , it 's not too late ! If you are older and the price is an issue , get as much as you can comfortably afford because most long term care claims occur in your own home , not in a nursing home . Therefore , the amount of cover you need may not be $ 150 - $ 200/day ... it may only be $ 80 or $ 100/day . So my advice is : get as much as you can comfortably afford and continue to pay for . |
What Is Life Insurance Advantages And Disadvantages? | The advantages of life insurance are three fold . The death benefit proceeds can pay the bills , fund future obligations and make a difference for your children and charities . The economic leverage for a healthy insured is significant and the tax advantages considerable . The diversity of the product line can be customized to the individual consumer . The only disadvantage of life insurance , like any other product , is that you have to pay for it . |
What Is Life Insurance Advantages And Disadvantages? | I believe there are way more advantages to owning life insurance than disadvantages . The only disadvantage I can think of is having to pay ongoing premiums until death . The advantages are almost too numerous to list . Here are some of the most important . Life insurance provides income protection for loved ones left behind , repays debt , educates children , gives peace of mind , protects key employees , protects business partnerships , helps with savings for retirement and is almost always tax free . |
Does Medigap Plan F Cover Chiropractic? | It depends . Medicare part B may cover some chiropractic services if they are deemed medically necessary to correct a subluxation in the spine . If it 's not deemed medically necessary , then it would n't be covered . With any Medigap plan , including Medigap plan F , it will only cover a service charge if Medicare covers it . If Medicare does n't approve it , then the Medigap plan wo n't be able to approve the charge . 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 . |
When Does My Auto Insurance Policy Expire? | Your auto insurance expires -LRB- technically -RRB- on the cancellation date of the contract . If you do not pay your bill , you will receive -LRB- at some point -RRB- a notice in writing that your policy will expire on a specific date . That date is your expiration date and coverage ends . So do n't drive on or beyond that date without either paying the premium or securing other coverage . |
Is Personal Disability Insurance Worth It? | Personal Disability Insurance is worth it if you need your income to live the life you are accustomed to , or to provide for others . Disability due to injury or illness is something that can happen at any age . Spending 3 % of one 's salary to protect you from a total loss of income in the future is worth it for most people . |
How much does car insurance go down at 25? | Auto rates are based on state law . In California there isnt any change in the rate because companies are not allowed to rate based upon age . In California they rate based upon experience . Drivers who have been licensed recently pay more than those who were licensed many years ago . Rates are changed at renewals but not based upon attained age In California . |
How much does car insurance go down at 25? | Most people dont enjoy paying their auto insurance premiums each and every month ! So , they often look forward to scheduled rate decreases , such as at the age of 25 . Why do car insurance rates decrease at this age ? Well , because the majority of crash claims are filed by young -LRB- ages 16 through 24 -RRB- and older drivers . As a driver matures , they become less likely to become involved in a crash according to statistics , so to offer an incentive for drivers to stay with a particular insurance company , discounts are often offered at the age of 25 . While it is generally true that auto insurance rates will decrease at the age of 25 , it isnt always the case . Drivers can expect their car insurance rates to decline at the age of 25 assuming the following remain constant - their driving history , incident history , and the make and model of their car . If all of these factors remain the same , male drivers can expect a premium discount as high as 20 % , while female drivers can expect a 12-15 % discount on their rate . Keep in mind that the above discount ranges are averages ; there isnt currently a standard amount of deduction that can be expected ; rate decreases will depend not only on the drivers history , but the insurance company , the type of coverage selected and the overall state of the economy . |
Why Is My Health Insurance Deductible So High? | Your health insurance deductible is determined by the plan you signed up for . Catastrophic and bronze plans have your highest deductibles , silver is your mid level plan , and gold and platinum are your lowest deductible plans . The lower the deductible , the higher your premium . The reason for this is carriers offer a lower premium in exchange for you taking on a larger share of the risk of healthcare expenses . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . |
Will Medicare Pay For Any Dental Work? | Original Medicare does not pay for dental work that is part of routine care of the teeth , such as exam , cleanings , fluoride treatments , or fillings . It also will not pay for dentures . Some Medicare Supplement plans will cover some dental work . Medicare will cover oral work that done to protect or treat the patient 's general health , or to prepare the patient for surgery , radiation , etc that will be performed for a health condition . It will also cover jaw surgery for a broken jaw , or follow up to an infection after an extraction . If the dental patient has a life threatening condition , Medicare may pay for the cost of hospitalization but not the dental work itself . |
Which Annuities Are Safe? | An annuity policy is only as safe as the annuity company 's financial strength and ability to pay the benefits of the contract . so financial stability and strength is important . There are generally three crediting methods used in tax deferred annuities : interest rate crediting , indexed crediting and separate sub account crediting -LRB- or debiting . -RRB- The safer of the three is guaranteed fixed interest rate annuities . |
What Is A Nonforfeiture Option In Life Insurance? | A nonforfeiture option basically states that if you stop paying your premium beyond the grace period , you will not lose any equity you might have in the policy . In the old days , before nonforfeiture options , if you stopped paying your premiums , you would lose everything , including your own equity . Fortunately , nonforfeiture options were developed for this reason . |
What Is A Nonforfeiture Option In Life Insurance? | A nonforfeiture clause in life insurance will make allowances if the policy lapses or is terminated . These include the option for some or all of the premiums to be returned , the policy to be changed to a paid up policy , or the cash value to be paid to the policy owner . |
How To Get Medicare Insurance? | You can enroll in Medicare at age 65 if you have at least 10 years in the Social Security system as a wage earner , are a US citizen or legal resident and have lived in the US at least 5 years . If you do not have SS wages you may qualify from your spouse 's earnings . |
How To Get Medicare Insurance? | You will automatically be enrolled in Medicare when you turn 65 . I am assuming you mean a Medicare Supplement or Medicare Advantage Plan . While there a number of ways to purchase Medicare Supplement Insurance on-line , I would sit down with a good local independent agent who specializes in Medicare plans . A good experienced agent will explain your options and help you find the plan that is right for you . |
What Does MEC Mean In Life Insurance? | MEC is a Modified Endowment Contract . It is a life insurance policy that meets the IRS definition of life insurance but fails a specific premium test -LRB- the seven pay test -RRB- meant to limit using life insurance as a tax sheltered investment vehicle and was established in a tax change in 1988 -LRB- TAMRA -RRB- . MEC policies still retain income tax-free death benefit characteristic . But , it changes the favorable tax treatment of cash value distributions normally associated with life insurance to tax treatment normally associated with annuities . Owners of a MEC would not likely plan to take cash from the policy . Typically , MECs created on purpose are single premium policies and used in estate planning techniques . For example , instead of a large single premium annuity which would result in income tax payable on the death benefit proceeds , some high net worth individuals may elect to fund a single premium life insurance policy which provides an income tax-free death benefit . |
What Does MEC Mean In Life Insurance? | Jerry provides an excellent description of exactly what a `` MEC '' is just above here , so I wo n't re-hash that . Often when illustrating a policy the statement will appear with a warning that the policy will `` MEC '' at year so-and-so . That means that the policy will become a modified endowment contract at that point . One of the benefits of Whole Life policies is that you can `` over fund '' them to a point without causing them to MEC . By doing that - paying more than the minimum premium - you can accelerate the cash value growth and even the benefit value of the policy if it 's with a Mutual company that pays dividends and offers `` paid up additions '' . As Jerry mentioned some people choose to fund a policy with a single payment , which results in a MEC . However the MEC can be avoided and the policy be used for the tax benefits inherent with life insurance , and the resulting cash value used tax free , etc by funding the policy over 11 payments -LRB- 11 years -RRB- rather than a single payment or fewer than 11 . Those interested in the `` Infinite Banking '' strategies available with whole life policies will often take this option . |
What Happens If You Drop Health Insurance? | Of course you would be running the risk of financial ruin if something bad happens to your health , but I assume you already know that . In regards to the new laws , as part of the Affordable Care Act you are now required to carry health insurance . There are a couple of exceptions . You can refuse on religious grounds , or based on a fact that it is beyond your means to purchase health insurance -LRB- too expensive -RRB- . If the government disagrees with you , or if you ca n't take one of those exceptions , you may owe a penalty of 1 % of your income or $ 95.00 / person -LRB- whichever is higher -RRB- for 2014 . In 2015 that tax penalty goes up . Why are you considering dropping your health insurance ? Are you aware that many people qualify for free or reduced price health insurance under the Affordable Care Act ? |
Does Term Life Insurance End At A Certain Age? | Yes generally term insurance policies end or expire at a certain age . The exact age depends on the particular policy , but age 85 is common . Term insurance polices are often renewable and convertible . That means that they renew for a higher premium at the end of each term 10,20 , or 30 for example . It also means that up tp a specified age you can convert them to a level premium permanent insurance plan that does not expire before you do . An independent life insurance broker representing several companies can help you find the right policy at the right price . |
Does Term Life Insurance End At A Certain Age? | Term life insurance may end at the end of the term , or it may go up in price at the end of the term . The end of the term is the period when the guaranteed premium ends . E.g. . If you buy a ten year term policy , the policy will end or the premium will go up at the start of year 11 . Because the premiums go up so high , most people do end their term policies when the term ends . However , if there is a provision for the premium to go up -LRB- called annually renewable -RRB- , it can go up to whatever age the policy dictates . Some are annually renewable as high as age 90 . Another option offered for many term policies is to convert the policy to permanent insurance . This must be done before the term ends . Again , the price per thousand dollars of coverage is much higher for the new policy than it was for the term policy . However , it is a good option if you can not qualify for new insurance , and you may be able to take a smaller face amount to keep the premium affordable . |
Does Term Life Insurance End At A Certain Age? | Term life insurance keeps the premiums fixed and guaranteed for a specific number of years -LRB- e.g. 10 , 15 , 20 , 25 , or 30 years -RRB- . After the term period has expired , the premiums change to annual renewable term insurance and increase each year -LRB- based on age -RRB- . You can elect to continue the existing term insurance policy up until age 95 -LRB- with most policies -RRB- , however , the price to keep that policy in force becomes astronomical and you would never pay it past the first couple of years . Most people replace a term insurance policy with a new term or permanent policy.Permanent insurance is designed to cover you for the rest of your life . The only way a permanent insurance can expire early is if it 's `` dialed down '' - meaning the death benefit is designed to only go to a specific age/policy year -LRB- e.g. dialed down to age 90 -RRB- . Dialing down a policy can be useful to reduce your premiums , but still provide good coverage longevity . I hope the input helps . Please feel free to contact me for help and if you have any other questions . Thanks very much . |
Does Term Life Insurance End At A Certain Age? | Most term life policies expire at a given age . In practice most expire much earlier because the term of the policy has been reached -LRB- 10 yr. , 20 yr . etc. -RRB- or the increasing premium makes the coverage too expensive . If you were to look on line at a graph showing the death rate per 100,000 at various ages you will understand the problem of term insurance on older people . |
Does Term Life Insurance End At A Certain Age? | Term life insurance keeps the premiums fixed and guaranteed for a specific number of years -LRB- e.g. 10 , 15 , 20 , 25 , or 30 years -RRB- . After the term period has expired , the premiums change to annual renewable term insurance and increase each year -LRB- based on age -RRB- . You can elect to continue the existing term insurance policy up until age 95 -LRB- with most policies -RRB- , however , the price to keep that policy in force becomes astronomical and you would never pay it past the first couple of years . Most people replace a term insurance policy with a new term or permanent policy.Permanent insurance is designed to cover you for the rest of your life . The only way a permanent insurance can expire early is if it 's `` dialed down '' - meaning the death benefit is designed to only go to a specific age/policy year -LRB- e.g. dialed down to age 90 -RRB- . Dialing down a policy can be useful to reduce your premiums , but still provide good coverage longevity . I hope the information is helpful . Please feel free to contact me for help and if you have any other questions . Thanks very much . |
Does Term Life Insurance End At A Certain Age? | Depends on the policy . It may just have a level payment premium fixed for a certain number of years , and then continue indefinitely , but with premiums increasing each year , skyrocketing , in many cases . Or it may state it will end completely after a specific number of years . This is one reason folks consider whole life policies , which last a lifetime , with fixed premiums . Although they start higher , they end up being cheaper in many cases , while building cash value . Thank you . GARY LANE . |
Does Term Life Insurance End At A Certain Age? | That is a great question ! I 'm personally glad that you asked , as I think this is an area where a lot of people get misled , and too often with tragic results . A normal term policy will have a very defined time period that covers you . It is typically between 5-20 years . Where the trouble lies is in some of the ones that are direct mailed to you , or are marketed on TV . Often those term life policies are marketed to Senior Citizens , and can be misleading . They will tell you in small print , or in passing -LRB- my ` favorite ' is the tv one where they flash a big red $ 19.95 a month on the screen as the announcer says `` term to age 80 '' - in most cases , you focus on the money , and miss the age limit -RRB- that these policies end when you turn 80 . The average life expectancy is 82 . What happens when you live to be 80 and a day ? Coverage is now impossible to afford , let alone get , and there is no cash or coverage from the expired term policy . Please contact an agent or advisor who is knowledgeable about insurance before buying anything , ok ? Thanks for asking ! |
Does Term Life Insurance End At A Certain Age? | Yes term insurance ends at a certain age as stated in the policy contract . The age that term policies expire has risen over the years . I have observed over that the age most term insurance policies expire is a couple of years before projected life expectancy . For example when life expectancy was 67 , policies expired at 65 , 76 then 75 , Now most expire at age 85 . Term policies do contain a conversion to permanent insurance before a specified date . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . |
What Does Third Party Motorcycle Insurance Cover? | Third party is referring to the person you injure if you were to be found negligent after an accident occurs . This is most commonly referred to as `` liability '' insurance on your policy and is expressed as `` bodily injury & property damage '' on your insurance declaration page under most circumstances . It may be abbreviated as `` BI-PD '' as a form of insurance shorthand . The limits may be expressed as a single limit for the `` BI-PD '' or as split limits shown as `` BI '' per person and per occurrence and `` PD '' per occurrence . Good luck . |
Will Car Insurance Go Up After Accident? | If it is an at fault accident then it can go up . Each company is different and some will forgive the first incident before raising your rates . A lot depends on driving record prior to the accident . So to answer your question , Yes it can go up , but that does not mean it will . |
Does Medicare Cover Type 2 Diabetes? | Medicare Part A is your hospital insurance and Part B is your physician insurance - when you have both of these , it 's commonly referred to as `` Original Medicare '' . Services and procedures performed to treat the diabetes condition would be covered by Medicare . Original Medicare only covers about 80 % of the expenses - you can supplement the Original Medicare coverage with a Medigap plan to cover a portion or all of the other 20 % of healthcare expenses -LRB- there 's 10 different standardized plans and you 'll want to consult with an experienced Medigap broker to determine the one that 's right for your needs and budget -RRB- . Prescriptions to treat diabetes -LRB- e.g. insulin , metformin , etc. -RRB- would be covered under a Part D plan that supplements your Original Medicare coverage . Refer to your plans formulary to see if a specific prescription is covered . Glucose meters , test strips , lancet devices , and lancets can be covered under Part B as durable medical equipment -LRB- DMEs -RRB- . Please feel free to contact me for help or if you have any other questions . Thanks very much . |
Does Medicare Cover Type 2 Diabetes? | Yes and no . Medicare covers a lot of parts to diabetic care , but some of it will have to be covered by other means . For specific diabetic benefits , your original Medicare coverage -LRB- Parts A & B -RRB- will cover certain testing supplies and services including blood sugar testing monitors and testing strips , lancet devices and lancets , and glucose control solutions . These items are considered durable medical equipment -LRB- DMEs -RRB- and would be covered under Part B. Prescriptions such as insulin and metformin -LRB- common treatment medicines for diabetes -RRB- would be covered under a Part D prescription drug plan - Part B would not provide coverage for these types of diabetic care items . Original Medicare only covers 80 % of the expenses so you may want to consider adding a Medigap plan to cover all or a portion of the other 20 % . Consult with an experienced broker who can review your specific medical history and help you determine the best course of action for your needs . Please feel free to contact me for help or if you have any other questions . Thanks very much . |
Can You Keep A Car Without Insurance? | You are allowed to own a vehicle without insurance however the vehicle is not allowed on the roadway . Also in most states you will have to file a non operator or non-opp with the DMV . Since rules can vary by state I recommend you contact your local insurance agent and local DMV to discuss . |
What Kind Of Life Insurance Should I Buy? | There are many choices of life insurance available to you . The main stream life insurance products are term life , universal life , variable life and whole life . Each one has a specific purpose . Term life insurance is meant to coverage a specific period of time . The common terms are 1-5-10-15-20-25-30-35 years . This means the rate or premium you purchase is guaranteed level for that period of time regardless of change in health , life style or occupation . Term life is commonly used for younger people starting out in life , covering a large debt , life a mortgage on a home or business debt , or covering for a young child 's education . term life insurance allows for the largest face amount for the smallest premium payments . Universal life and variable life are permanent life insurance solutions that build cash value . Typically the premiums are more expensive and the face amounts are less because part of the premium is going into a cash value fund that can be invested with numerous options . The cash value can later be used for retirement , college funds , critical or chronic illness or even to purchase a large asset like a home . The universal and variable options are typically more aggressive with the cash value funds . The last option , whole life insurance , is very similar to the previous universal life insurance options . However , the cash value funds are typically a fixed percentage of growth . Whole life as it 's name suggests is primarily meant to cover you for your entire life . I recommend using an experienced independent life insurance broker with numerous carriers to shop the market and find you the best product at the best price for your unique situation . Good luck . |
What Kind Of Life Insurance Should I Buy? | Life inusrance comes in two basic types : term and permanent . Once you determine if your financial liabilities , future obigations and any charitable intent are temporal or permanent , you can select the right type of life inusrance . If temporal , then term life insurance . If permanent , then participating whole life or guranteed universal life . |
Who Should Own Key Man Life Insurance? | Key man life insurance is for an employee in a business or organization whose loss would put a financial strain on that business or group . Some types of persons who should own key person insurance are top sales people , people who have much knowledge based on years of experience , managers of lots of employees , and/or key decision makers . All these positions take time to develop and to find the right person to replace that key employee . The key man insurance provides money to do the recruiting and operation while the key person is being replaced and trained . |
What Is Loss Of Use In Home Insurance? | `` Loss of Use '' coverage in a Homeowners ' Policy provides benefits that pay for additional living expenses that you and your family may have if you are forced to leave your home after it was damaged due to a covered loss . Some examples of these expenses may be the cost of a hotel stay or short term rental , perhaps the costs associated with eating out , laundry etc. . There will more than likely be certain limitations , so it is always best to talk to your Insurance Professional about the specific terms and conditions of your policy . |
What Is Loss Of Use In Home Insurance? | This coverage provides for living expenses for the insured if they experience a covered loss within there home where the property is uninhabitable . This coverage will typically be capped at a specified dollar amount and time frame . Please read your policy completely to understand what coverage is offered and what exclusions there may be or contact your local agent to have them go over the policy with you . |
What The Difference Between Annuities And IRA? | An IRA is an `` Individual Retirement Arrangement '' which falls under IRS Publication 590 . There are many types of IRA accounts such as Traditional IRA , Roth IRA , SEP IRA and Simple IRA . IRA 's came about in 1974 through the Employee Retirement Income Security Act -LRB- ERISA -RRB- . There are limits as to how much you can contribute each year and when you can pull your money out without penalty . An annuity is a product sold by a financial institution that can grow and when annuitized , can produce an income stream . Annuities can be structured to pay out for a fixed period of time or for your entire lifetime . An annuity can be part of your IRA . |
What The Difference Between Annuities And IRA? | The differences between Annuities and IRA 's is pretty simple . IRA 's are considered qualified meaning you have to follow the limitations to how much you can contribute . Annuities by themselves do not have any limitations other than any limitations insurance companies put on them which are always higher . IRA 's are subject to RMD 's or required minimum distributions meaning at at 70 1/2 , you will be required to start taking distributions from your IRA as outlined in IRS rules . |
Is Medigap The Same As Part C? | Medigap and Medicare Part C are not the same . Medigap -LRB- Medicare Supplement insurance -RRB- policy is private health insurance established to supplement Original Medicare Part A and Part B . There are 10 standardized Medigap Plans with benefits designed to pay for Medicare approved charges not covered by Part A and Part B. Part C refers to a Medicare Advantage Plan . This type of Plan acts like an HMO or PPO . It combines your Medicare Part A and Part B , and usually Part D into one Plan -LRB- Part C -RRB- . |
How Can I Get Health Insurance For My Family? | There are multiple ways to get health insurance for you and your family and , depending on where you live , a wide array of options for health insurance coverage types and cost points . With the implementation of the ObamaCare requirements individual health insurance plans and costs have been transformed dramatically and the consumer needs to exercise great care in making their health plan selection . My first and best recommendation is to seek out the services of an experienced health insurance agent who is certified to sell health insurance coverage both on and off of the government health insurance marketplace in your state of residence . There can be much more involved in a health insurance plan than what a bullet points overview of the plan 's benefits are and its monthly premium . A knowledgeable health insurance agent can explain if a given plan covers you if you go outside its network , if it has a broad or a narrow pharmacy network , if the plan 's medical deductible applies per person covered or is aggregated for the family , and a whole lot of other things you should know before making your purchasing decision . Under ObamaCare if you purchase a health insurance plan you later learn you do n't like it 's not just a simple matter of cancelling your coverage and enrolling with another insurance carrier . So , buyer beware . If you and your family have income levels below 100 % or 138 % -LRB- depending upon the state you live in -RRB- of the Federal Poverty Level then you will qualify for coverage under your state 's Medicaid plan . In that event you need to contact your state government 's Medicaid office . Of course , there is the HealthCare.gov web site that you can go to and shop for coverage and enroll online . Quite frankly , while HealthCare.gov has improved somewhat over last year 's rocky start , I find most consumers still have a hard time truly understanding the information as it is presented on HealthCare.gov and they still need a knowledgeable person to explain the differences between various plan offerings and how to approach the subsidy process . Also , there are other online sites available , some with telephonic support to help answer a person 's questions . This can be kind of crap shoot though as you may or may not be talking to someone who understands the details of your particular location 's health plan options and they are n't doing much more than reading you a summary off of their own computer screen . So , remember , health insurance is still a very local product and varies from state to state and even within different areas within a state . You will be best served to deal with someone who is more locally based in most cases . |
How Do I Notify Medicare Of A Death? | Medicare should be notified of your death as soon as possible . Medicare will request a certified death certificate as part of the process . Assuming you have a Medicare supplement plan , your carrier should also be notified of your death . If Medicare and your Medigap carrier are not notified in time to stop your next payment , you can ask for a refund . |
Is It Possible To Get Insurance On A Car That Is Not Registered To You? | Typically , you buy insurance on a vehicle that is registered and titled to you . The car insurance declarations page will have your name and other information listed for easy view . However , it is possible that there could be drivers listed on the policy that are not the owners of the vehicle . This is quite common . |
Is It Possible To Get Insurance On A Car That Is Not Registered To You? | Depending on your states requirements . In Montana you have to have an insurable interest in the auto . Other cases where you can insure a car that is not in your name is when you have a child living in your home and you have your car and theirs on the policy . There are otherreasons why you would do this example would be your fianc lives with you and you both drive only one car but the car is just your fiancs name the yes you could place this on a policy that you and your fianc are on the policy and even thought you do not own the car you own the policy and they are now the 2nd named insured |
How Much Does Medicare Pay For A Knee Replacement? | The actual amount Medicare pays is not an issue . The only question is will all providers including surgeon , hospital , labs , etc. participate in the Medicare system . In the absence of a supplement to pay all or part of these charges , there will be a hospital deductible charged along with 80 % of professional services . Rick |
How Much Does Medicare Pay For A Knee Replacement? | The cost of complete knee replacement is about $ 45,000 . The Medicare allowance is in the $ 11,000 range . A partial knee replacement is about half that amount . As Rick indicated , a good Medigap plan could reduce your out of pocket cost to $ 0 if you had Medicare supplement plan F . A little more with a different plan . |
How To Borrow Money From Life Insurance? | Cash value life insurance accumulates tax deferred . You can access cash value life insurance via withdrawals to basis and policy loans of gain . There are rules to withdrawals of basic that govern the first 15 years of a life insurance policy , so be aware of it before withdrawing . Withdrawals of basis may be tax free as are loans provided the contract is kept in force for the life of the insured . Policy loans charge interest as well . |
What To Consider When Buying Long Term Care Insurance? | The # 1 item in considering long term care are the policy definitions on assisted home living and nursing home confinement . Policy provisions attempt to address the benefits of the contract Understanding those benefits can help you select the right long term care insurance policy and measure it 's value for the premium you 'll pay . |
Who Has The Best Health Insurance In Nevada? | If you are looking to compare health insurance plans you can use this site and they give you quotes from all major health insurance companies in Nevada WEBSITELINK . There are many different options when choosing your health insurance so you can pick the options that fit your needs and get quotes from each company for that same coverage . |
How To Switch Life Insurance? | New York State has very strict regulations for life insurance agents and companies regarding replacement of a life insurance policy . Commonly referred to as `` Reg . 60 '' due to the section of the life insurance code dealing with replacements , it mandates that agents follow a strict disclosure process anytime they are recommending someone change or replace their existing life insurance policy . The disclosure process is even required if the agent has any reason to believe that the sale may impact an existing policy , even if he is not making that recommendation . While the regulation can be onerous on the agent and the replacing company , it helps to protect the insured . The agent has to provide a side-by-side comparison of the new policy to the the existing policy and disclose all potential disadvantages to replacing the policy . |
How To Switch Life Insurance? | Here are the Golden rules for switching life insurance . 1 -RRB- Make sure you get approved and pay for the new policy . DO NOT terminate your current policy until the new policy is in force . This way , you will avoid a potentially hazardous gap in coverage . 2 -RRB- Notify your current carrier of your wish to terminate the current policy . If you are paying premiums through a bank draft , be sure to notify your bank to not accept debits from this company . 3 -RRB- Request a refund of unused premium if you have already paid in advance for coverage on the current policy . 4 -RRB- If the current policy has cash value , make sure your broker is handling the exchange of that money into the new policy cleanly . This way you will avoid a potential taxable event . There are large areas for error in this process . Your broker needs to stay on top of things . |
How To Switch Life Insurance? | The owner of a life insurance policy can surrender it at any time . If the policy has cash value , there are optional ways to receive the cash value . If it is a term policy , the coverage will cease and you will no longer pay premiums . If you still want coverage It is never advisable to surrender a life insurance policy until another policy is in force . |
How To Switch Life Insurance? | It depends if you want to switch companies or plans of the same company . To change a company one must shop first to find what coverage they may want to replace the other with . Cancel the old coverage first for if you do n't you may wind up being billed for two policies . Collect any cash value from old policy . Then you may select new coverage . To convert one coverage from another . Just advise the company that you want to convert your policy . If you have a term and want to convert to whole life is simple just tell the agent . You can convert term to whole life but not the contrary . |
Can An Employer Pay An Employee For Opting Out Of Health Insurance? | That is a great question ! When you consider that there is an estimated $ 3 trillion in employer payments for insurance , and their burden of risk , it sure makes sense that it wo n't take long for somebody to decide that there is big profit in not insuring the employees . By law , the bigger employers have to offer something for health plans , but a trend now is to offer the employees a subsidy to help pay for a plan that they pick for themselves off the Affordable Care Act -LRB- Obamacare -RRB- website . In a move that is designed to relieve the employer of the risk , and a great share of the cost , -LRB- equaling great profits -RRB- the employee is able to `` pick a plan better suited for them '' . I would expect to see a lot of this , as soon as they are sure that it withstands legal scrutiny . Thanks for asking ! |
Can An Employer Pay An Employee For Opting Out Of Health Insurance? | This is a very common practice in county and municipal government . Most employees are union members with negotiated health benefits . Many employers pay most or all of the premium for gold-plated family plans . When two spouses work for government employers , the employer is paying very high premiums for coverage that is not necessary . Many employers then offer opt-out bonuses to employers who waive the employer sponsored coverage . The employee has to show evidence of coverage through the spouse to be eligible . |
When To Surrender Life Insurance? | Few good reasons to surrender a life policy . My own personal doctor did just that , and how he has no life insurance . He said he does not need it because he has so much money . But if he were to lose that money , his family would get nothing upon his death . Not a wise move . When surrendered , a whole life policy has cash surrender value which you would get , but if you need that money , New York Life allows you to borrow against that money and keep it tax free . |
When To Surrender Life Insurance? | Why would you want to `` surrender life insurance '' . I am assuming that your life insurance policy is an individual policy that you purchased years ago and has `` cash value '' . It has nothing to do with a `` retirement plan '' so the IRS has no control over the policy as they do with a `` retirement plan '' . There are many things you can do with the life insurance policy to make it continue to not only provide a `` death benefit '' but you can also use it to generate additional sources of income , you could change the beneficiary to your children therefore the death benefits would pass to them by `` contract law '' and you can even use it to provide a source of `` non-taxable long term care benefits by converting it to a Private Pension Act qualified plan . While you can certainly surrender the policy and pay the tax consequences when you do I hope you realize their are many ways you can continue to make that policy help you to reach financial goals . |
Can I Get Life Insurance If I Am Unemployed? | Can you get life insurance if unemployed ? Yes , you can purchase life insurance while unemployed . Depending on the face amount requested however , you may have have to show the ability to pay for and the necessity for a higher level of coverage . The lower face amounts would not require as much review . |
Can I Get Life Insurance If I Am Unemployed? | The vast majority of life insurance companies need to know the premium funding source and thats not necessarily employment earnings . Retirement income from qualified plans or cash positions can be used as well as annuities distributions or sales of securities . Keep in mind that transaction sales of assets may have taxation ramifications . |
Can I Get Life Insurance If I Am Unemployed? | If you are unemployed you should still be eligible for a small policy , and if you have many assets you could even get a large policy . A stay at home spouse can usually get up to the amount of coverage that his/her spouse has on them . Students who are graduating soon can often get coverage based on their anticipated income . |
When Is An Employer Required To Offer Health Insurance? | 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 . |
How To Calculate Group Term Life Insurance? | Calculating Group Term Life Insurance is best done using the illustration systems which your Agent/Broker has access to or call the insurance company themselves . The upside to Group Life Insurance is the `` free '' coverage or the additional coverage you get for pennies on the dollar . The downside is that usually they do not follow you when you leave your employment . There are some exceptions so I recommend you talk to your HR rep. |
What Is A Group Health Insurance? | Group health insurance is a health insurance policy or plan -LRB- depending upon how it is funded -RRB- that is provided by an employer for its employees or through an organization such as a labor union for its members . In a group health insurance policy situation the employer is the actual policy holder and its employees and covered dependents are subscribers who receive a certificate of coverage . In this context the employee 's health insurance is tied to their place of employment and while -LRB- depending upon the size of the group -RRB- there are state and federal laws that allow for an ex-employee to continue their coverage through the group plan for some defined period of time , eventually a former employee will lose access to their ex-employer 's group plan and have to replace it coverage from a new employer or individual health insurance . With the latest round of implementation of the Affordable Care Act -LRB- ACA -RRB- effective January 1 , 2014 group health insurance is in many ways more complicated than ever before . For instance , employers in the 2 to 50 employee market segment in the vast majority of statesnow operate in a community rated situation and are finding that new benefit plan designs are being presented to them that may differ significantly from their current rate structures and plan designs . Fully insured ACA compliant health plans for the 2 to 50 market segment are now guaranteed to be issued , are not subject to underwriting and can have no pre-existing condition exclusions or waiting periods -LRB- just to highlight some of the most major changes -RRB- . Larger sized groups , while they are certainly impacted by the effects of the ACA , are still operating under a mix of the old rules and the new ones . So , right now groups with 51 + employees are still subject to underwriting , though the new ACA rules will be migrating up the ladder to apply to groups in the 51 to 99 employee range in the future . There will be groups who will be winners and losers under the requirements of the ACA and depending upon the composition of the group and its average income levels for its workforce , some employers may find that providing group health insurance is no longer in the best financial interest of many of their employees when compared with the subsidized individual health insurance that many of their employees could qualify for . If you are an employer faced with these issues and are looking for experienced guidance on these matters please feel free to contact me for a consultation . |
What Is A Group Health Insurance? | 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 , you 'll need to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place . I hope the information is helpful - please feel free to contact me for help with your health insurance needs and if you have any other questions . Thanks very much . |
Why Do Banks Require Homeowners Insurance? | Banks require homeowners insurance to protect themselves . When you have a mortgage on a home , the bank becomes part owner of that home . If it burns in a fire or is destroyed or damaged by a catastrophic occurrence it needs to be rebuilt or repaired . Home Owners insurance allows for this to be done . . |
Is Variable Life Insurance Worth It? | Variable Life Insurance is a permanent form of life insurance and it is security . Any use of the separate accounts -LRB- excluding the guaranteed interest account -RRB- has the potential of market loss . Even the guaranteed interest account is subject to policy expenses that could exceed the interest credited . So its important to establish an investors profile addresses risk tolerance and economic goals in creating client product suitability . Variable life can have tax advantages and indemnification features that may fall within the scope of the investors goals and products suitability . In general terms , variable life insurance is a long term product , with surrender charges that could make it unsuitable for clients who need liquidity . If insurance is only being considered for death benefit coverage , there may be better alternatives with other types of permanent life insurance products . |
Is Variable Life Insurance Worth It? | Is Variable Life Insurance worth it ? Like any policy , it depends on the premium you pay and the benefit you get . Of course , your spouse is the only person -LRB- or children/estate -RRB- that will receive the death benefit so perhaps you will have to ask them ? Keep in mind that there are many account options with a Variable plan and each one has a unique risk . A full-time broker can review the best plans and you can determine -LRB- as can the broker -RRB- what is most suitable for you . Without question , they will be your best resource for this question . |
Where To Buy Good Life Insurance? | You can think of `` good '' in terms of life insurance as a product issued by a solid company at the lowest price possible . The reputation and financial soundness of the company has been discussed above . As to price , you can pay up to 50 % less on the same amount and term of insurance from one A-rated insurer to another . What this means is that to get good value on your life insurance , you should comparison shop . Many life insurance websites offer a quoting feature that compares policies available from insurers -LRB- from few to dozens of insurers -RRB- . Obviously , the more choices , the better odds that you will get the lowest price on the insurance you are looking for . |
Where To Buy Good Life Insurance? | This can actually be a bit of a loaded question because the type of coverage you 're looking for , your need , your risk class , premium tolerance , and a number of other factors will really direct where you should go to buy your insurance . If you 're strictly looking at who is a `` top '' carrier , American General , MetLife , and Prudential -LRB- to name a few -RRB- may fit the bill . If you 're looking at just financials such as who has an A + + rating versus A + , A , A - , etc , Guardian and MassMutual may be more to your liking as they have some of the most superior financial ratings by A. M. Best . There 's hundreds of insurance companies out there . A life insurance policy with company ABC may be right for you , but not for someone else . You need to consult with an independent broker to determine which carrier will be good for your policy . Send me a private message if you would like to review quotes or have other questions - you can also visit my website . |
Where To Buy Good Life Insurance? | Most life insurance is good because life insurance companies are heavily regulated . You can look at their ratings by AM Best , S & P , Moody 's , Fitch , or other rating agencies to compare them . It is also not hard to find agents that sell life insurance from good companies . You can find them online , in the Yellow Pages , or perhaps in your own neighborhood . If I was trying to decide which agent to choose , I would look at their testimonials , experience , and choices they offer . After they found my best options , I would look at the rating of the companies and go from there . |
When Is Long Term Care Insurance A Good Idea? | Most advisers begin addressing long term care insurance with their clients and prospects around age 50 . But it seems that many seniors purchase it in their early 60s . The # 1 risk in retirement is human longevity . Living longer impacts retirement funds and the increased probability of needing assisted living and/or nursing home care . |
Why Is It So Hard To Sell Life Insurance? | The vast majority of consumer centered advisers sell the appropriate life insurance product to meet the prospective purchasers personal suitability requirements . Providing good financial advice is not selling , it is more like a stewardship vocation or family consultant that uses the highest best practices in fiduciary trust . Product suitability trumps just selling a product . |
Why Is It So Hard To Sell Life Insurance? | Most of us buy the insurance that is required . That covers our decision to buy auto , and homeowners insurance . Someone requires that we buy it . If you borrow money you might be required to purchase life insurance . Few are willing to independently consider the impact of premature death on the lives of those we love . It can be a difficult and painful discussion . |
Why Is It So Hard To Sell Life Insurance? | Life insurance selling is challenging because brokers and agents need prospective buyers . Good activity in meeting new people and networking helps . It is all about marketing . The internet and social media has helped agents and brokers find prospective buyers . |
Why Is It So Hard To Sell Life Insurance? | It can be hard to sell life insurance as a profession because it is an expense for which many people feel that they do not `` have '' to budget . When money gets tight , it is easier to give up life insurance than it is to give up something that brings them comfort or pleasure while alive . Thinking about death is also not pleasant for most people , and talking about it , even less so . Life insurance agents must have a mixture of business sense with personal empathy to be successful , do good for their clients , and be fulfilled . |
Can I Change Car Insurance At Any Time? | It is your right as a consumer to change auto insurance companies at anytime . I recommend before doing so that you check with your current insurance company to see if there are any early cancellation fees or short rates on your existing policy and also to make sure your new policy is in force . |
Can I Change Car Insurance At Any Time? | You can change car insurance policies at any time , presuming that your application is approved from the new company you are applying with . Since the application will be underwritten , you should never cancel an existing policy until you are officially approved and you have studied the coverage and rate . Changing car insurance companies makes the most sense if you are saving at least 10 % with the same or higher coverage . An experienced broker can help you find the best rates in your area . And our services and use of our websites are free ! |
When Did Part D Medicare Go Into Effect? | Part D Medicare went into effect on Jan 1 , 2006 . The Voluntary Prescription Drug Program was added to the Social Security Act by a ruling called The Medicare Prescription Drug , Improvement , andModernization Act -LRB- MMA -RRB- of 2003 . It allows persons enrolled in Part A and B Medicare to enroll in Part D for prescription drug benefits . |
How Good Is HDFC Life Insurance? | HDFC Life is a long-term insurance solutions provider in India . The company started in 2000 . In June , 2013 , HDFC Life received an ASTD citation for the second year in a row . The American Society for Training and Development -LRB- ATSD -RRB- honored HDFC with an Excellence in Practice citation for Training and Development . |
How Much Insurance Should I Have On My Home? | There are two answers because there are two major sections to the policy . You need to have the highest liability limit offered by the company . A lawsuit can bankrupt you ! The company will direct the amount of coverage that you need for a normal homeowners policy . Because they often guarantee replacement of the building they will require that you insure to value . There are calculators available to determine that amount . An agent can compute that for you . |
Which Is Better Life Insurance Or A Mutual Fund? | which is better life insurance or a mutual fund ? I guess I would ask for what ? What do you want it to do ? Since a mutual fund actually can be literally thousands of possibilities , which type of mutual fund are you thinking about ? A high risk / high reward type pacific rim fund ? A new markets fund ? A government bond fund ? Are you comparing similar risk models when you compare or do you assume that it 's an equal comparison with unequal products ? |
Which Is Better Life Insurance Or A Mutual Fund? | Which is better - life insurance or a mutual fund - depends on what you want it to accomplish . It also depends on which type of life insurance policy or mutual fund you choose . Some life insurance policies , such as Indexed Universal Life , can give you tax deferred income during retirement without the risk of loss . Contact an agent who sells both products to compare them side by side before making your decision . |
Who Offers Multi Car Insurance? | Most auto insurance companies/vehicle insurance companiesoffer a multi-car/multi-vehicle discount : typically , a multi-car/multi-vehicle discount is when you have 2 or more vehicles -LRB- cars , trucks , SUVs , motorcycles ... -RRB- on the same type ofpolicy . Insurance companies usually do n't allow the multi-car/multi-vehicle discount for different types of motorized vehicles on different policies . For example - if you have a car on one policy and a motorcycle on a different policy -LRB- but both policies are with the same insurance company -RRB- then usually you would not get a multi-car/multi-vehicle discount . You would get the multi-car discountif you have 2 cars insured on the same auto insurance policy . Also , most companies that insure motorcycles will give a multi-unit discount if you insure 2 or more motorcycles on the same motorcycle insurance policy . The key point with the multi-car/multi-vehicle discount is that you are usually required to have 2 or more vehicles covered on the same policy . It is always best to review with your professional independent insurance broker to find the coverage options , as well as ways to secureall availablediscounts -LRB- so you wo n't end up paying more than you have to for your insurance -RRB- . |
Who Offers Multi Car Insurance? | Most insurance companies offer various discounts , including multi car in one form or another . Commonly this would apply to 2 or more private passenger vehicles rated on the same policy , but cars insured by the same company that happen to be on separate policies would qualify as well . You may also find that the discount becomes greater the more vehicles that are insured . Some companies extend the multi vehicle discount to younger drivers who are insured with the same company as their parents so long as they are also still residing in their family home . |
When To Cash In Whole Life Insurance Policy? | Are you seeking to cash in your policy now because the coverage is no longer needed , you can no longer afford the premiums or you need the cash now ? In general , you need to hold you policy a minimum of 15-20 years in order to have achieved a gain or return on your money that matches conservative returns today -LRB- ~ 5-6 % -RRB- . Surrendering your policy before then essentially creates or causes a less than attractive return on your premium dollars for that cash accumulation feature . If you are struggling to afford your premiums but do have a significant amount of cash value , surrendering your policy is not necessarily your only option . You can set your WL policy dividends to off set your premium costs rather than buying paid up additions . Depending on the age of your policy , the dividends may be significant enough to pay the premium in its entirety . Additionally , you can use an Automatic Premium Loan -LRB- APL -RRB- which automatically borrows from the cash value to cover your premiums annually . This of course , will reduce your policy face value with each loan but is a way to preserve some sort of coverage in the event that you are no longer able to afford it . Lastly , depending upon your age , you have the separate alternative of selling your life insurance policy to an investor in an transaction called a `` Life Settlement '' . The offers that policy owners receive , depending on certain parameters , are multiples of the policy 's cash value . You can read more about this through the Life Insurance Settlement Association -LRB- LISA -RRB- WEBSITELINK Please contact me if you would like more information about a life settlement . |
Why Do Annuities Have Surrender Charges? | Annuities have surrender charges since the money in the annuity is invested in different timed instruments . The insurer maximizes their rate of return -LRB- and yours ! -RRB- by having sufficient time to manage the funds . If there is a constant flow of complete surrenders , the extra expense would make it more difficult to earn the desired rate of return . |
Why Do Annuities Have Surrender Charges? | That is an excellent question ! I think a lot of people have the impression that like in the old days of Bonnie and Clyde that banks and insurance companies take your cash and pile it up in big vaults to gather dust until needed . The truth is that almost as soon as you 've given it to them , they 've turned around and used it to pay off something they owe on , or invested it to make some money for themselves . Therefore , when you buy an annuity , and promise them a number of years to use that money before they have to pay you , and then tell them you want it back , they are going to take a loss . They have to scramble to get your cash ready for you , and so that they do n't lose money , they pass that loss on to you in the form of a surrender charge . Their hope is that by putting a steep fee on taking the money out early , that you wo n't , and they can make money too . I am very careful who I sell annuities to , there has to be a very good liquidity and cash flow on your part to make this a good investment vehicle . I hope this helps , thanks for asking ! |
How Much Does Auto Liability Insurance Cost? | Liability coverage on autos is typically required in all states . Limits are usually in the $ 20,000 per person , $ 40,000 per occurrence range with additional property damage benefits . Of course some states have lower requirements , and others have higher requirements . The cost can vary depending on your age , your driving record , your zip code and the type of vehicle you drive . Monthly premiums could range from $ 35 to many hundreds of dollars per month since there are so many variables . A free online quote from multiple carriers is available through top car insurance websites , Of course , there would be no cost or obligation . |
How Hard Is It To Get Disability Insurance? | How hard is it to get disability insurance ? Well let 's qualify it this two ways . First is it hard to get a poor disability policy ? No , it 's really easy and as long as nothing happens to you , you 'll never know if was money wasted or not . If something happens however , that 's when you find out . The other choice is a good disability policy with a real solid definition of disability that does n't find ways to reduce or even take away your benefit . Those will be hard to get , underwritten tightly and work fantastic if needed . Why so hard to get ? A payout on a disability policy that has that strong definition could pay out into the millions when a COLA rider is attached to it and with the strong definition , a person could still collect while working in another field . The RISK to the insurer is high , so they underwrite tight . |
Where Can I Get A State Farm Auto Insurance Declarations Page? | You would have to contact State Farm Insurance for that page . If you are the insured and are covered with State Farm insurance then I would start with my local agent . If you are a vendor then I might suggest looking up the telephone number through your favorite search engine . |
Does Medicare Part B Pay For Glasses? | Medicare does not normally pay for glasses . However , after cataract surgery where an intraocular lens has been implanted , Medicare Part B will pay for one set of standard glasses through a supplier enrolled in Medicare . In other situations , Medicare Part B unfortunately does not cover the cost of eyeglasses or contact lenses . |