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What Information Do I Need For An Auto Insurance Quote? | You will need to provide the following information to receive an accurate auto quote : dates of birth of all drivers to be covered VIN numbers of vehicles to be covered Social Security number of primary insured and possibly other insureds amount of coverage you are seeking garaging address of vehicles milage of each driver to work and type of use for vehicle Motor vehicle history for all drivers to be covered |
Will My Health Insurance Cover IVF? | Chances are slim . I 've been asked this question for 10 years and insurance carriers almost never cover it since it 's an elective treatment . However , some group plans will give aggressive discounts as long as the providers are in their network . Call the benefits verification hotline on the back of your insurance cards and ask the question . If your plan does cover it , take advantage of it and good luck :-RRB- Please click the `` Contact Me '' button on the left or run a personalized quote at : WEBSITELINK Also , you can call me anytime at : 561-320-2978 ... I would love to hear from you . |
Why Buy Whole Life Insurance For A Child? | First , while no one likes to contemplate the passing of a young person , death has no respect for age . The cost of a funeral for an 8 year old is n't going to be any different than for an 80 year old . So , reason number 1 would be to protect you and your family from that unexpected expense . Life insurance rates are based upon life expectancy among other factors . Obviously the life expectancy for a normal child is expected to be several more decades which translates into many years for the life insurance company to invest those premium dollars before they eventually pay the death claim -LRB- assuming the policy is kept in force , sadly it 's not unusual for a child to become an adult and take over the policy and discontinue paying the premiums -RRB- . On a more positive note , a properly structured whole life insurance policy builds up cash value . The cash value accumulation of a whole life insurance policy from someone 's childhood until they reach retirement age can amount to a sizable asset depending upon the face value -LRB- death benefit amount -RRB- of the policy . In the ideal scenario you will leave your child with a paid up life insurance policy and a financial asset for their golden years . Decades from now your child probably wo n't remember many Christmas or birthday gifts they received from you but a good whole life insurance policy can truly be the gift that keeps on giving . |
Why Buy Whole Life Insurance For A Child? | This was once an extremely popular idea . A child can almost always qualify for life insurance , something that might not be true by occupation , avocation or health in the future . The premium will never be lower . It becomes a gift that a parent can pass to the child later in life that is often worth more than the premiums paid . It provides a death benefit in the event of premature death . Many parents prefer a limited payment whole life policy so that all the premiums are paid prior to gifting the policy to the young adult . |
Why Buy Whole Life Insurance For A Child? | Why buy whole life for a child ? Well I guess I can tell you why I bought whole life for my kids . In no particular order or rank , I bought whole life because that is the cheapest if will ever be , those policies will become cornerstones of their financial lives . Much like buying a piece of property they now have something to build on . They have future guaranteed insurability with these policies as well What that means is they ca n't be told `` no '' by the insurance company , even if they are no longer insurable . Sort of like a stock option . And finally for this post if either of my kids were to die before me I would be devastated . I would be crushed as I have great kids . So insurance on them would help me get through their passing by paying bills that still need to be paid . I am planning for their future living with these policies and accepting the aspect of the possibility of their early passing and the help they would provide . I could never imagine having an argument with a spouse over what headstone to buy . Whole life on a child is an investment in their future , not just their death . |
Why Buy Whole Life Insurance For A Child? | Buying Whole Life Insurance for a child is first , for the obvious , to provide a death benefit in case of death . You may think this is not necessary , however from my personal experience with losing a child of 17 years , a small death benefit was great to off set the loss of income during our grieving . The second , is many parents or grandparents like to provide a `` gift of Life '' to the kids using Whole Life Insurance since it does grow cash value which can be used in the future for several expenses such as college education , helping to purchase a first home , etc. . If you have a specific question for your child or grandchild , do not hesitate to ask . There are many ways to design a plan to meet your families needs . |
How Much Is Car Insurance For A New Female Driver? | Your going to have to contact your local independent agent to get some quotes for you . It is not going to be cheap , but if you maintain a good record when you turn 25 your premiums will change . If you decide to become insured under your parents policy have them inquire their independent insurance agent about an umbrella policy , or personal excess liabilty . They will be shocked at how cheap a $ 1 million dollar policy costs , which will help protect their home , retirement , etc. . Best of luck ! |
Need Cheap Home Owners Insurance? | A home is typically the largest purchase one makes . And like most products in the marketplace , one can find a cheap home or an expensive home . The same goes for homeowners insurance . If you are trying to meet only a mortgage company 's requirement for insurance , you can go pretty cheap . If on the other hand you want an insurance company to pay for ALL the damages incurred in a claim , refurnish your home , put you up in another home while your home is being repaired , defend you in court when you have been sued , it might cost you a little more for your insurance . Your best bet to obtain the best value is talk to a professional to help evaluate your needs relative to your wants and budget . |
Need Cheap Home Owners Insurance? | A home is one of the largest assets that you will probably own . If you want cheap coverage you will want a policy that pays as much as possible when you have a claim . The annual premium is immaterial if you have a fire , wind or other damage to your home . A trusted insurance agent will listen to you , provide sound financial advice and communicate clearly with you and the insurance company . The agent will help you select appropriate limits so you can be satisfied when you have a claim . |
Does Home Owners Insurance Cover Personal Injury? | Personal injury is very broad . Home owners insurance provides liability coverage for people that are injured on your property where you are found responsible for their injury -LRB- be aware there are some exclusions -RRB- . As far as your own injury most policy do include medical payments if you are injured during a covered loss . Every policy is different please read over your policy completely to know what coverage it provides or call your local agent to have them go over your policy with you to explain the coverage offered in it . |
Does Home Owners Insurance Cover Personal Injury? | If by personal injury you mean libel , slander , defamation of character , etc , then the answer is a resounding maybe ! Some homeowners policies include coverage for defense of charges of personal injury in the liability portion of the policy , some policies offer it as an option and some do n't offer it at all . Under those circumstances , coverage may be afforded under a personal umbrella liability policy . Check with your insurance professional . |
Will Medicare Supplements Disappear Due To A Single Payer System? | No , Medicare has been a single payer system for years . If anything , with possible cuts to some Medicare Advantage Plans , Medicare Supplements will become more popular . There is talk about changing the structure of some of the better plans to allow for more copay 's . Supposedly a person paying for a comprehensive Medicare supplement plan is `` over utilizing '' Medicare . But Medicare Supplements are here to stay . |
Will Private Health Insurance Cover Pre Existing Conditions? | Great question ! One of the biggest changes from the Affordable Care Act was the shelving of the `` pre-existing condition '' exception that health insurers used to deny coverage . They are no longer allowed to deny you coverage . That does n't mean that all plans cover all things equally though , so I would recommend that you find a good agent to help walk you through the process to find a policy that is a good fit for you . A bonus ? The Act also eliminated lifetime caps on benefits . If you need help , please feel free to contact me , I 'm happy to help . Thanks for asking ! |
Will Private Health Insurance Cover Pre Existing Conditions? | Private health insurance covers pre-existing conditions ... most of the time ! I 'll explain : When applying for coverage during Open Enrollment -LRB- assuming it is a qualified Exchange or Off-Exchange plan -RRB- , pre-existing conditions are covered and there will be no waiting period or surcharge applied . As an experienced health insurance broker -LRB- 33 years -RRB- , this issue is often discussed with customers and on our top-ranked websites . However , non-compliant plans , such as short-term policies , do not cover pre-existing conditions . If you miss Open Enrollment , these temporary plans are popular options . |
Will Private Health Insurance Cover Pre Existing Conditions? | It depends on the plan benefits . Effective 1/1/2014 private health insurance carriers can no longer deny applicants due to pre existing medical conditions , but that does n't mean the covered services fall under the benefit details . Make sure to verify your benefits before enrolling in a plan to make sure your pre existing condition -LRB- s -RRB- are covered appropriately . |
Does Allstate Have Homeowners Insurance? | Yes . Allstate offers multiple lines of insurance . Home , auto , business and life . If you are interested in getting Allstate insurance you should also consider bundling another product with it . The reason I say this is you can get a multi-line discount through Allstate that is pretty good . I am not an Allstate agent , but I have faced some serious competition from them due to the multi-line discount they offer . HOWEVER , I still must recommend contacting an independent agent to shop around for you . There are usually some regional carriers that can offer better prices with better coverage . |
What Happens When Term Life Insurance Ends? | When term life insurance ends , the premium rises drastically or the policy simply ends . When the premium rises at the end of the term , it is no longer locked in and can raise annually . Rather than wait for the term to end and the premium to jump up , you might want to look into converting your policy to permanent life insurance . Whether you convert your policy to permanent before the term ends , or pay the new annually renewable premium at the end of the term , your premium will be substantially higher . But by converting you can lock in your premium for a longer period of time . |
What Happens When Term Life Insurance Ends? | One of two things happens at the end of the term of term life insurance depending on the contract . One is the policy simply cancels and nothing else will happen . Second are more common is you will experience a steep premium increase usually 7 to 10 times the price . Some policies allow you to convert to a permanent whole life plan but could be expensive or you can just purchase another term life insurance plan assuming your health is still OK . |
What Happens When Term Life Insurance Ends? | Depends on the company , but either way , not good . Either they end the policy and you are left with no coverage , or they continue it , but at a grossly higher premium . Best idea is to get permanent life insurance . That way continue to pay a fixed premium and you continue to be covered , never losing your money as you would if you ended term life . See your experienced agent . GARY LANE . Thank you . |
Can You Register A Car In Washington With Out Of State Insurance? | Auto insurance is regulated from state to state . Insurance would be obtained in the same state that the vehicle is registered in . You would change your insurance to a policy issued in Washington . |
Is A Pension A Qualified Retirement Plan? | Yes a pension is a qualified plan . Meaning you have not paid taxes on that money , so when you begin to take disbursements , it will be taxable @ your current income bracket . If you have not taken any distributions , you will be required to take a Required Minimum Distribution , or `` RMD '' , the year following your 70 & 6 months birthday.If you want to pass that money on to a beneficiary rather than use the money yourself . You can convert that fund to a Roth IRA , pay the tax now , & pass the money on to your beneficiaries later on.No RMD required in a Roth IRA . A living trust is the best instrument to insure that your wishes are carried out to the letter . A will is simply instructions to the probate court . |
Can I Borrow On My Life Insurance? | A permanent life insurance policy -LRB- most commonly whole life -RRB- develops cash values to enable the policy to provide a level death benefit for a level premium for the whole life . The company will allow you to borrow against those cash values . They are guaranteed in the contract . The loan does not require anything except your request . You need not complete an application . The loan need not be repaid in any scheduled way . At death the loan will be repaid which will reduce the death benefit by that amount . There are permanent policies where the cash value is not guaranteed . These are most commonly called universal life or variable life policies . While similar provisions apply there is possibility that a loan will exhaust the value of the policy in which case the policy will lapse . |
Can I Borrow On My Life Insurance? | Great question ! You can borrow from your policy if it has built up enough cash value . This typically takes a few years to start building a borrowable amount . The first couple of years repays the costs of the policy , and than it will start generating cash . The amount that you borrow will be charged interest , and if the loan balance becomes too large , it may cause the cancellation of your policy . Contact your agent to determine your cash value , and borrowable amount available to you . Thanks for asking ! |
Can I Borrow On My Life Insurance? | If you have some form of Permanent Life Insurance such as traditional Whole Life , come form of Universal Life or a Variable Life product to name a few examples , then these are products that not only provide a death benefit when you die , but also build cash value so long as you live and pay the premium . If you have a form of permanent coverage then , you may depending on the specific terms and conditions of your policy , be able to borrow from that accumulated cash . Remember a couple of key things about this . The Insurance Company will begin to charge interest on the amount borrowed so paying it back sooner rather than later protects the integrity of the plan much better . Further , if you die with an outstanding loan balance , the balance will be subtracted from the death benefit paid to your beneficiary . |
Can I Borrow On My Life Insurance? | First it depends on the type of policy you have . If it is a term policy then the answer is no . If it is a cash value policy i.e. whole life , universal life , indexed universal life , then the answer should be yes over time . Most cash value policies take 5 to 7 years to build a cash value because of cost of insurance that must be covered in those first years . To borrow , you need to stay on a percentage basis that will not allow the policy to lapse and cancel unless you intend to repay the loan in a short time period . I recommend having your agent or insurance company run some illustrations of different amounts to keep your policy in force.Otherwise you are actually defeating your own purpose for the plan . |
Can I Borrow On My Life Insurance? | You can only borrow money from a life insurance policy if it 's a policy that builds cash value - a permanent life insurance program . Permanent life insurance includes both Universal and Whole life insurance programs . Term life insurance does not build cash value and therefore there 's nothing to borrow from . The maximum amount you can borrow is up to the current surrender or loan value cited in the policy at the time you want to borrow from the cash value . Keep in mind , when you borrow money from the cash value , you are creating a loan against the policy -LRB- the funds are expected to be paid back and , much like you do when borrowing from a bank , an interest rate is being charged on the borrowed monies -RRB- . If the insured dies with an outstanding loan , the carrier will deduct the outstanding amount and any interest charges from the death benefit and give the difference to the beneficiary . Consult with your agent before borrowing from the cash value to find out what will happen when you create a loan against the policy and what you 're responsible for . |
Can I Borrow On My Life Insurance? | This is a major reason people choose Whole Life over Term . You can not borrow against Term Life Insurance . It builds no cash value and ends at the end of the stated term . With Whole Life , you build cash value , which accumulates over time and never changes its premium . If you need the cash , for any reason , you can borrow against it , with a small interest charge , and , if you choose , never pay it back . The amount then is taken from the Death Benefit . There is no income tax payable for the money you take out of your policy for this loan . Thank you . GARY LANE . |
Does Homeowners Insurance Cover Yard Damage? | Depending on your carrier there is some coverage for trees and shrubs and debris removal . I would recommend that you contact your local agent or read the coverage 's in your policy . The trees and shrubs coverage usually is not a very high amount of coverage but usually you have some coverage with most policies depending on your stes guidelines and also your carriers policy terms |
Can Schizophrenics Get Life Insurance? | Schizophrenics can get life insurance through some simplified issue -LRB- no exam or medical records needed -RRB- , and all guaranteed policies -LRB- no health or risk questions asked at all -RRB- , provided that they meet the age requirements . Life insurance that requires an exam and medical records would not be available to a person with schizophrenia except in the mildest of cases . |
When Is Medicare Secondary Payer? | If you are still working and your employer allows you to stay on the group coverage and you are 65 and enroll into Medicare then your group insurance is primary and medicare is secondary . What if you have medicare and medicaid-medicare pays first . What if you have retired and you have coverage through the group plan-Medicare pays first . What if you are disabled but your spouse is still working and you are covered by the grou plan-if fewer than 100 employees - Medicare pays first-if more than 100 employees-the group plan pays first . What if you have End Stage Renal Disease-during the first 30 months the group plan pays first and medicare secondary ; afgter 30 months Medicare pays first and the group plan is secondary . If you have End Stage Renal Disease AND Cobra - first 30 months Cobra is primary and medicare is seondary and after first 30 months Medicare is primary and Cobra is secondary . If your case is not shown just ask if your case is preimary or secondary on the internet |
How Do I Cancel My Whole Life Insurance? | It would be a good idea to talk to the agent who sold you your Whole Life insurance policy , if he/she is still around , before making the decision to cancel your policy . If together you can not find a way to make it an affordable asset for you to keep , your agent can assist you in cancelling it and possibly finding you alternative coverage that better fits your situation . |
How Do I Cancel My Whole Life Insurance? | You can cancel by calling the carrier . It 's ashame to cancel , since that defeats the purpose of a `` whole life '' policy . Be sure to you 're aware of the implications . For example , there may be surrender charges or tax implications if you have a `` participating '' policy -LRB- in which you receive shares of the company 's operating profits -RRB- . You may have cash value in your policy from which you could borrow money -LRB- maybe that would enable you to KEEP your policy -RRB- . Bottom line : if you cancel , ask about the implications of your particular policy . |
How Do I Cancel My Whole Life Insurance? | First step , make sure you have the necessary coverage in place to indemnify your beneficiaries , who are exposed to economic liabilities you have generated before canceling your policy . Assuming you have real reasons to cancel your coverage ; be advised that any gain in the whole life policy with be treated as an ordinary income tax event in the year that the policy is surrendered . You may also suffer a net premium loss , which is more than likely not recoverable . With all that covered you can contact the service desk of the carrier and they will send you the necessary surrender documents to process the policy termination . |
Does Car Insurance Cover A Bicycle Accident? | That is a good question . Car insurance covers bicycle accident . Let say you were driving at night and hit a person on his bicycle and he is injured . Your auto insuranc would cover the bicycle damage and the person on the bike if he or she gets hurt . Good question . |
Will Homeowners Insurance Cover A Hot Tub? | Homeowners insurance will cover a hot tub for the same perils of the policy as the rest of your property . If the hot tub is connected to your home this would fall in as part of your dwelling coverage . If the hot tub is free standing outside then this would fall under other structure coverage . |
When Is Life Insurance Subject To Estate Tax? | Life insurance is subject to estate tax when it brings the value of the estate -LRB- all assets , including the life insurance death benefit -RRB- over the exempted amount . Only the value of the estate that exceeds the exemption is subject to estate tax . The federal exemption for 2014 is $ 5,340,000 . However , some states collect state estate or inheritance tax with smaller exemptions . Life insurance proceeds are not included in the value of the estate when the life insurance policy is owned by a properly set up Irrevocable Life Insurance Trust . The ILIT must hold the trust at least three years before death of the insured . |
When Is Life Insurance Subject To Estate Tax? | In Canada , if life insurance is paid to a named beneficiary , then the death benefit is not considered part of your estate and bypasses probate . Probate fees vary buy province . In Nova Scotia probate fees for example are : First $ 10,000 - $ 83 $ 10,000 to $ 25,000 - $ 209 $ 25,001 to $ 50,000 - $ 438 $ 50,000 to $ 100,000 - $ 973 Over $ 100,000 - $ 973 + 1.645 % of amount in excess of $ 100,000 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 . |
When Is Life Insurance Subject To Estate Tax? | In short , when it 's part of the calculation of the estate . The IRS code permits a unified tax credit to pass a certain value of property to a spouse without having to pay a tax . When you exceed that value -LRB- a taxable estate -RRB- , a tax is applied that must be paid within 9 months of death . If the decedent is single , the tax is due accordingly . If the decedent is married , the tax is due after the second death -LRB- death of the spouse -RRB- . A common course of action people take to minimize the estate taxes they will be subject to is creating an irrevocable life insurance trust -LRB- ILIT -RRB- . An ILIT is a legal document set up to distribute life insurance proceeds in a specific manner , depending on how the trust is designed . These trusts receive special tax consideration from the IRS that is not given to life insurance policies that would otherwise be owned by a natural person or revocable trust . Since the trust is irrevocable , the terms of the trust can not be changed . An ILIT can offer many substantial advantages to protect life insurance proceeds and help you distribute your property to your children at the least possible cost . Any life insurance policy you buy will require the same premium whether you put the policy in the trust or keep it outside of the trust . If you put the policy in the trust , the death benefit is not included in the calculation of the size of the estate - a substantial tax savings and key advantage in the estate planning process . If you keep the policy outside of the trust -LRB- e.g. , as owned by a natural person or a revocable trust -RRB- , the proceeds will be included in calculating the size of the estate you may inadvertently increase the size of the estate , and be subject to paying much higher estate taxes before any of the property can be distributed to your children or other beneficiaries . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . |
Who Do I Complain To About My Health Insurance Company? | I suggest that if you have a complaint or grievance with your health insurer , that you contact your State Insurance Department to file a complaint . Your State Insurance Department will be able to handle it , or at least direct your type of complaint to the right authority . Of course , these sorts of complaint filings are long and drawn out and can take anywhere from 90 days to 3 years . So , you might be better off trying to work with your insurer first and exhaust all of those procedures before going to the authorities . That way , if the insurer is being malicious or faulty , you have more evidence to support your complaint . And depending on the type of grievance you have , all insurer 's have appeals and grievance processes to resolve issues and avoid any legal battle -LRB- or bad reputation backlash with consumers -RRB- . If you have an insurance agent , take it to them first and have them help you file any paperwork with the insurer . If you do n't have an agent , you can contact the insurer yourself . But , definitely exhaust those option first , then go to your State Insurance Department . If they are unhelpful , then you could always go to the federal Department of Health and Human Services and/or Consumer Protection Agency . |
How To Get The Best Homeowners Insurance Rates? | The very best Homeowners Insurance rates , for the most part , are enjoyed by homeowners who maintain their property and their credit scores . As best as you can , keep your property free from potential hazards , install a monitored alarm system and be sure that your roof , as well as electrical , plumbing and HVAC systems are replaced or upgraded as needed . Finally , talk to your Insurance Professional about available discounts especially for bundling your car insurance and other coverage with the same company . |
How To Get The Best Homeowners Insurance Rates? | Unless you are buying a homeowners policy purely to satisfy a requirement , looking for the lowest premium might not be wise . An uncovered loss can be a tremendous shock to your finances and that is really the purpose of the policy . If you are looking to just drive down premium , take the highest deductible that the company will write . Everything else that will drive down the premium will cost more than you will realize in reduced premiums . |
How To Pick A Medicare Plan? | If you are looking for a Medicare Supplement Policy -LRB- Medigap -RRB- , there are a few ways to find a Plan . When looking for a Medicare Supplement policy , an independent insurance agent will be able to shop the market and show you what is available in your area . Independent agents are not employed by insurance companies . This means they contract with many insurance companies allowing them to find the lowest premiums available . Their flexibility also means they can help you locate an insurance company based on a health condition as well . You can contact the insurance carrier directly in some cases . While this may seem convenient , it is often more expensive and you wo n't have an agent to help you with annual rate reviews . Captive agents work for one insurance company and can only offer Medicare Supplement insurance products from that company . Premiums can vary . What 's important to note is that you do n't have any choices because the captive agent ca n't shop the Medicare insurance market for you . Researching on the internet is an option , but can be time consuming . Also keep in mind that most insurance companies do not make their premiums available to the public and will only work with a licensed insurance agent . If you are considering a Medicare Supplement Policy -LRB- Medigap Plan -RRB- , you 'll want to make sure whoever you choose to work with will take the time to find out what plan will work well for you . Most people choose Plan F because it covers all Medicare approved bills and they do n't have to worry about deductibles , co-pays , co-insurance or excess charges . Lately , Plan G has been popular because it works just like Plan F after meeting the annual Part B deductible of $ 147 -LRB- 2014 -RRB- . Plan G 's premium is often lower than Plan F , making it more affordable for some . These are not the only Medigap Plans ... there are eight other Plans to choose from ... that is why it is wise to speak to an agent who specializes in Medicare Supplement insurance . Thank you for taking the time to read my reply . Please feel free to contact me if I can be of further assistance . |
How To Pick A Medicare Plan? | Work with an independent Medicare insurance broker who can work with you on a personal level to help you determine which structure is best for your specific needs -LRB- MA or MAPD vs. Original Medicare + Medigap or Medigap and Part D -RRB- . Depending on cost tolerance , I generally suggest to my clients securing a Medicare supplement -LRB- Medigap -RRB- plan and a standalone Part D prescription drug plan to go with your Original Medicare coverage -LRB- Part A & Part B -RRB- . The advantage of this course of action is that it creates a very predictable healthcare expense structure instead of taking on the risk of receiving a massive bill for a hospital visit , procedure , examination , etc. . I hope the information is helpful - please feel free to contact me for assistance with your Medicare program and if you have any other questions . Thanks very much . |
How Does Life Insurance Make Profit? | A life insurance company is like a bank in that it makes a profit from the services that it provides . State regulators assure that companies admitted in their states are not making inordinate profits . Much like a bank they bring together people with similar needs . They provide services to determine how to share the risk that affects all of them , death , collision , fire or something else . |
How Does Life Insurance Make Profit? | That is a great question ! Insurance companies make profits much like banks do . They make money off of the products that they sell - all of the policies or annuities will have fees attached to them , that they can profit from . They also make money off the investments that they make while holding your money . They invest in things , just like we do . They can also make money by selling off or buying corporate assets , or divisions , much like corporations do . I hope that helps , thanks for asking ! |
Does Health Insurance Cover Root Canal? | A root canal is not covered under your health insurance plan . However , a dental insurance plan may offer some coverage , depending on the benefits you have . Although coverage on private plans may be somewhat limited for a root canal , grouppoliciesmay provide broader options . Good luck because getting a root canal is about as much fun as having ... well , youknow ... a root canal ! |
What Is A Life Insurance Endowment Policy? | A life endowment policy is a policy that guarantees that the guaranteed cash value will equal the face amount of the policy at at specified time . A whole life policy is an Endowment at 100 . Another example a $ 100,000 Endowment at age 65 plan would have a guaranteed cash value at age 65 of $ 100,000 plus any accumulated dividends . They were once quite popular , because of the guarantees and tax advantaged growth . New product advancements and changing tax laws have caused few -LRB- if any -RRB- companies to even issue them . -LRB- In Canada at least -RRB- . The notable exception are Whole Life policies which endow at age 100 -LRB- The face amount equals the guaranteed cash value -RRB- 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 Is A Life Insurance Endowment Policy? | That is a great question ! When your policy endows , it pays out , or the cash value has equaled the face value of the policy . For example , a policy that endows at age 100 will give the policy owner the option of taking the face value of the policy in cash at that point , or leaving the policy in force until such time as it is needed . I hope that helps ! Thanks for asking ! |
What Is A Life Insurance Endowment Policy? | Permanent life insurance policies are endowment policies . They all have an endowment date . That is the date when the face amount and cash value will be equal . It is also the date that the policy terminates . Short term endowments were quite popular savings programs in the past but are not as popular as they once were . However , if you want a specific amount of money by a specific date , an endowment contract might be the answer because it will complete itself if you dont survive to that date . |
Who Is Eligible For Medicare Part B Coverage? | Individuals who reside in the United States and Puerto Rico who are eligible for premium free Medicare Part A are automatically enrolled in Medicare Part B . You can notify Medicare to not enroll if you choose . Medicare Part B is voluntary and has a premium . There is also and penalty associated with not enrolling when you are eligible without creditible coverage . A person who is not eligble for premium free Part A but is a citizen of the United States or a legal Permanent Resident that has lived in the United States for the previous 5 continuousyears is also eligible for Medicare Part B . |
Does Medicare Part B Cover Diabetic Supplies? | Medicare Part B covers some diabetic supplies , including blood glucose testing monitors , blood glucose test strips , lancets , lancet devices , and glucose control solutions . People with diabetes may receive shoe inserts to prevent foot sores , and some may even receive therapeutic shoes . Medicare Part D covers syringes and other supplies associated with the administration of insulin . |
Can People With Epilepsy Get Life Insurance? | Yes . Epilepsy is a disorder of the brain and nervous system involving repeated random seizures that occur without warning . If you have been diagnosed with epilepsy and are trying to purchase life insurance , the severity of the disease can have an effect on the rates you pay . Life insurance companies will want to know a number of factors to make an accurate risk assessment including : 1 . What age were you diagnosed with epilepsy ? 2 . Do you have Grand Mal , Petite , or Focal seizures ? 3 . When was your most recent seizure ? How many have you had in the last year , 2 years , 5 years , etc. ? 4 . Have you ever been hospitalized for epilepsy ? 5 . Are you taking prescription medication to control symptoms ? 6 . Are you a smoker or tobacco user ? 7 . What is your height/weight ? 8 . Any other co-morbid conditions such as diabetes , obesity , heart disease , etc ? If you have been diagnosed with epilepsy , you should NOT apply with multiple companies at the same time - this can work against you as it will act as a sort of red flag for the insurance companies -LRB- they will see that you 've applied for multiple carriers and what the outcomes were during the MIB check -LRB- Medical Information Bureau -RRB- -RRB- . The more companies that give you a table rating or decline coverage on a formal application , the less likely you are to get a better offer . I highly recommend consulting with an experienced life insurance broker who can shop your medical profile informally . I hope the information is helpful - please feel free to contact me for help and if you need any other questions . Thanks very much . |
Can People With Epilepsy Get Life Insurance? | Yes , people with epilepsy can get life insurance . If you have not had a seizure in the past 2-5 years , you may even be able to get standard rate , depending on the type of epilepsy you have . If you are looking for a policy of $ 50,000 or less , you would probably be better off using a simplified issue policy -LRB- one that does not need an exam -RRB- . If you are looking for a policy of $ 100,000 or more , then you will probably want to try to get a medically underwritten policy , which will require better control of your epilepsy , but also will take into account some variables that a simplified issue policy may simply reject . Contact an agency that specializes in impaired risk , so that you can shop among carriers that are good for persons with health conditions . Epilepsy does not have to make you uninsurable . You just have to look at the right place to find an affordable policy . |
Can People With Epilepsy Get Life Insurance? | Generally individuals with epilepsy or seizure disorder can obtain life insurance assuming they do not have other conditions that would lead to a decline of coverage . Most good independent agents with have access to multiple carriers that will offer coverage . There are questionnaires available that will give the underwriter a more complete picture of your illness and that will allow the agent to shop your case for the best result . |
Can People With Epilepsy Get Life Insurance? | That is a great question ! Many people feel that they will be denied coverage if they have an issue with their health , and often do n't even try to get it , so I am very glad that you asked . Unlike health insurance -LRB- where until the passing of the Affordable Care Act , or Obamacare , as it is sometimes called -RRB- you could be denied , life insurance has policies for everyone . I would suggest that in your case , you contact an independent agent , -LRB- one not tied to a single brand name -RRB- who can help you shop for one that works best for you . You should not have a problem finding a policy that will work for you . Contact me if you need help , okay ? Thanks for asking ! |
Does Primerica Sell Whole Life Insurance? | No . Primerica is one of the companies that sells only term life insurance . Many people believe that you should only buy term and invest the difference so that by the end of the term -LRB- usually 20-years -RRB- you will be wealthy from your investments and no longer need life insurance . |
Do I Need To Carry My Medicare Card? | If you are on Medicare and are currently covered by Medicare parts A & B then you should always have the card in your wallet . You need it anytime you go to the doctor or hospital . If you are covered by Medicare Part C -LRB- Medicare Advantage -RRB- you do not need to carry your Medicare card because your private health insurance company takes the place of Medicare . |
Do I Need To Carry My Medicare Card? | For protection against medical identity theft , you should consider leaving your Medicare card at home . Instead , carry a copy of your Medicare card with you and blot out the last 4 digits of your Social Security Number . Leave your original Medicare card at home and carry the duplicate . You can read about Medicare identity theft and ways to protect yourself by reading the following article . WEBSITELINK |
Can Other People Drive My Car Under My Insurance? | If a person is not listed on the same policy as you they are not covered by the policy just because they are driving your vehicle . Auto insurance typically follows the driver not the vehicle . This means if someone drives your vehicle and they have their own insurance coverage their insurance carrier would be the first to pay for claims from a covered accident that the driver was involved in . If the person driving the vehicle with your permission does not have insurance coverage then your insurance coverage would pick up in the event of a covered accident . |
How To Check Medicare Eligibility For Providers? | How to check medicare eligibility for providers . The first thing you need is medicare part a & part b . If you have that than you have a choice to stay with original medicare or you can choose a medicare advantage plan . You can choose any provider you want to with part a & b , however the most important thing you want to look out for when choosing a plan is if your doctor and hospital is in the network . Than you want to look at if your medication is covered . |
What Is Face Value Of Life Insurance? | The face value of life insurance is the original amount of coverage purchased . In term insurance , this is usually the same as what is paid out at death of the Insured . In permanent insurance , the death benefit may be higher or lower than the original face value , due to loans taken from the policy , or due to earnings within the policy that caused the death benefit to grow . |
What Is Face Value Of Life Insurance? | The face value of life insurance is the original amount of coverage purchased , minus any loans , or adding cash value that accumulates beyond the original face amount . In term insurance , the face value is usually the same as what is paid out at death of the Insured , or the `` death benefit '' . In permanent insurance , the face value may be higher or lower than the original face value . |
What Is Face Value Of Life Insurance? | The face value of a life insurance policy is the amount of money paid to the designated beneficiary after proving the death occurred with a valid death certificate . In most cases these proceeds paid to your beneficiary are tax free . The face amount is paid only if premiums are current and no exclusions apply at time of death . |
What Is Face Value Of Life Insurance? | The face value -LRB- face amount -RRB- of life insurance is the amount of the proceeds to be paid out when the insured of a policy dies . If you have a term insurance policy , this proceed amount to be paid to the beneficiary is equal to the face amount . If you have a permanent life insurance policy with cash value , the proceeds to be paid out will be the face amount less any loans against the policy . |
Does Home Insurance Cover Flood Damage? | Generally speaking NO ... virtually all carriers who use any part of an ISO homeowners insurance contract will exclude flood . Flood insurance is underwritten and priced by the government through FEMA . There are several carriers who write flood insurance and there should n't be any real variance to the pricing between the carriers . Even if you do n't think your home or business would ever flood , check out the cost of flood insurance . You might be surprised how cheap it actually is ... I know what I 'm talking about on this topic . My office had 7 feet of water in it after back to back 100 years storms hit my area back in 2010 . I did n't have flood insurance -LRB- dumb agent I know -RRB- and had to come out of pocket to rebuild my unit . I have flood insurance now ... costs me about $ 350 a year !! |
Can You Receive Disability Insurance And Social Security Disability? | Yes , you can receive Disability Insurance and Social Security Disability Insurance at the same time . The Disability Insurance supplements the Social Security Disability benefit received , allowing the insured person to receive a higher total disability benefit -LRB- % of income replaced -RRB- than just receiving either insurance benefit on its own . |
What Interest Rates Are Annuities Paying? | Current interest rates for deferred annuities vary , but the leading 5 year guaranteed interest rate is around 2.95 % , the 10 year rate is 3.25 % . The 35 basis point spread for twice the holding period is n't enough to tie up your money for that length of time , especially during times of rising rates . Rate changes occur often , so always check the latest rats at an annuity brokerage shop for a listing of annuity rates . |
How To Sign Up For Medicare Part B Online? | Go to WEBSITELINK to apply for Medicare online . This page is the government page to apply for Medicare online . You can not use this page is you want to activate your social security at the same time . This page is for Medicare online enrollment only . If you already have Medicare Part A and want to sign up for Medicare Part B you should call Social Security at -LRB-800-RRB- 772-1213 to activate your Part B coverage . |
What Is Medicare Plus Blue? | It 's the name of a Medicare Advantage plan - I believe it 's offered by blue cross / blue shield of michigan -LRB- as cited on google search -RRB- . Due to CMS regulations , you would need to contact an agent licensed and certified to sell the plan -LRB- or the carrier directly -RRB- to get specific plan information . |
Is A Non Us Citizen Eligible For Medicare? | A non US citizen may be able to purchase Medicare . Residents are allowed to purchase Medicare if they have not qualified to receive it when they turn 65 . There are premiums for part A and part B . If the person is not in the country legally then they would not be able to . |
How Much Does Medigap F Cost? | Medigap rates vary considerably by zip code , age , tobacco use and plan . Plan F is the most expensive -LRB- and most popular -RRB- followed by D or G -LRB- depending on your state -RRB- , N then Hi F . The older you are the higher your Medicare supplement rate will be . The exception is for those who are under age 65 and on disability and Medicare . In most states rates for under age 65 are astronomical . Many carriers offer competitive rates from age 65 to 74 . Above age 74 some plans -LRB- surprisingly -RRB- become more competitive while others less so . Tobacco use often adds 20 % to the rate but can be more , depending on the carrier . You can generally find a site that offers `` instant Medigap quotes '' but keep in mind the most competitive rates are usually not illustrated online . #MedigapPlanFRates #MedicareSupplementPlanFRates #GeorgiaMedigapPlanFRates #GeorgiaMedicareSupplementPlanFRates #GeorgiaMedicarePlans #GaMedigapQuotes |
When To Stop Paying For Term Life Insurance? | When the premium goes up at the end of a Term life insurance policy is a good time to stop paying the premium . From that point on it will continue to go up in price annually , so unless the Insured person is very ill and does not plan on surviving for many more years , it will become cost prohibitive to keep paying that premium . It would be better to convert the Term policy to a permanent one before the premium goes up , because the conversion is not possible after that . If you are going to pay a higher premium , why not pay it for a permanent policy via a conversion , rather than one that will go up each year . |
When To Stop Paying For Term Life Insurance? | When do you stop paying for term insurance ? When you decide that you no longer need the coverage and wish to discontinue it . While it is nice to provide written notice of cancelation to the company , mainly in the case of getting unused premium refunded , it is not necessary . You can just let a policy lapse if you desire . |
How Much Is Medicare Part D Penalty? | This penalty is 1 % per month of the national average set by Medicare . Generally this is around $ 35 . This is added each month you do not sign up when you were eligible and did not have creditable coverage from a group or other plan and it never goes away . We suggest picking up a low premium Part D plan even if you do n't currently have any prescriptions . Those penalties will add up over time . |
How Much Is Medicare Part D Penalty? | Based on the current Medicare Part D penalty formula , -LRB- using Rusty 's example -RRB- if you waited 36 months to buy your penalty TAX would be $ 12.60 per month in addition to your Medicare Part D premium . This is a tax , not a surcharge that goes to the insurance carrier that issues your Part D coverage . |
How Much Is Medicare Part D Penalty? | I would add this to be clear . It 's 1 % per month . So if you go without creditable coverage and no Part D plan for 3 years -LRB- 36 months -RRB- ; your penalty will be 36 % on top of your Part D premium . That penalty is administered by CMS , so it can not be escaped . Each carrier will notify CMS that they are covering you when you sign up . CMS will notify them of your penalty and it will be applied to your premiums . |
Why Does Dave Ramsey Not Like Whole Life Insurance? | There have been a long line of financial entertainers and celebrities who have jumped on the `` I hate all types of permanent life insurance '' bandwagon . The gist of all their criticisms has at its core a misunderstanding of how whole life can work . They tell their followers that investing in equities will create more money than accumulating money in life insurance will create . A closer objective look with realistic assumptions may tell a different story , especially when looking at it from a big-picture perspective . But as always , you have to evaluate this debate with your particular situation in mind . |
Why Does Dave Ramsey Not Like Whole Life Insurance? | Life Insurance is always about the number of people of a given age that will die in a 12 month period of time . Every life insurance policy manipulates the same data . Where things change is over the word guarantee . The criticism of whole life insurance is that it guarantees conservative growth for the underlying reserve which guarantees a level death benefit in exchange for a level premium . There are several techniques that the companies have used to address this issue for people who want less guarantees and more opportunity to rise -LRB- and fall -RRB- with the market . These policies rise and fall in popularity based upon market performance . In the end a policyholder is faced with determining who they are going to entrust with their financial future . Market timing then becomes the greater risk as a person must assume the risk that the securities might not have the anticipated value at some specific point in the futurethe day that they need it . |
Why Does Dave Ramsey Not Like Whole Life Insurance? | My company is endorsed by Dave Ramsey so I never get this question since our company only sells term life insurance , mutual funds , and annuities . We first help our families with a financial plan that takes a snapshot at where they are now financially and then we attack their debt including their mortgage . Since most of my clients are underinsured with higher price whole life coverage.We get them the right amount of protection for 20 to 30 years that will pay off their debt and replace an income for the beneficiaries for at least 10 years . Then we look at their present saving and retirement plans and help them to get the most out of their savings program . It 's simple ! |
Which One Is The Best Life Insurance Company? | There are many blue chip , highly rated life insurance companies with significant financial strength and claims paying ability . There are many competitive product life insurance companies that continually rank high on the sales spreadsheets of brokerage outlets . There are life insurance companies that are benevolent in underwriting impaired risk . So its impossible to rate any one carrier as the best U.S. life insurance company . |
What Is Extra Ordinary Life Insurance? | Extraordinary -LRB- Extra Ordinary -RRB- Life insurance is a brand used by at least one or two life insurance companies . It is not a type of life insurance , but rather a specific product offered by these companies . We would need to know the company in order to know how to answer this question . |
How Many Employers Offer Long Term Care Insurance? | Virtually none offer it . It is a shame . That is why we have it available to you in the individual market . There are a vast variety of plans available , with numerous choices of amounts covered , years covered , waiting periods , whether home care is included , and the amounts . Gary Lane 714 422 9616 . Thank you . |
What Is Risk Pool Health Insurance? | Prior to 01/2014 there was a Federal Health Insurance Pool in which people who were denied health insurance would be accepted . This way everyone could purchase health insurance coverage even if they had a preexisting medical condition . Since the ACA now mandates the ALL health insurance carriers must accept everyone there is no longer a need for a health insurance pool and the plans have been dissolved . |
What To Look Out For When Buying Life Insurance? | The biggest things I would recommend to look out for when buying life insurance are the guarantees and the qualification requirements . When people express their disillusionment and frustration with a previous life insurance experience , it is usually because they applied for a policy for which they were obviously not qualified , or they purchased a policy they did not understand . A good life insurance agent can help immensely in avoiding declines and the purchase of products that do not do what you wanted them to do . |
What To Look Out For When Buying Life Insurance? | Life insurance is offered for temporary and permanent protection against the economic liabilities and future obligations of the policy insured : term and permanent life insurance . Term life insurance can generally be purchased in five year increments like 5 , 10 , 15 , 20 & 30 years . Most permanent life insurance can be purchased to cover the inured to age 121 . Permanent life insurance has five basic product lines : participating whole life , guaranteed universal life , current assumption universal life , indexed universal life and variable universal life . You need to determine whether your financial liabilities and future obligations are temporary or permanent . You 'll need to establish whether permanent life insurance is for protection or tax advantaged income . A personal financial profile should assess your risk tolerance , money goals and your life expectancy . This will aid you in selecting the right product for your financial needs . |
What Are Medicare Excess Charges? | Excess charges occur when you use a provider that does not accept assignment of benefits . In those situations your provider is required to file your claim with Medicare . The provider is allowed to collect amounts in excess of the allowable charge by Medicare . Only 2 Medigap plans will cover excess charges . |
Is A Fixed Indexed Annuity A Good Idea For Seniors? | Fixed annuities can definitely be a great idea for seniors . The set payout creates a known , predictable income stream that helps supplement a senior 's other retirement income . They are low-risk and generate a guaranteed interest rate return . There are immediate and deferred fixed annuities and they are set up through insurance companies . If you 're already at the retirement age , you may want to consider an immediate annuity . If you 're in younger years , then a deferred annuity may be more preferable . An immediate fixed annuity makes fixed payments starting when the annuity is established that are determined by your age and the size of your annuity -LRB- how much money you put into it -RRB- . A deferred annuity accumulates over time . If you would like to look into fixed annuities in further detail and see what interest rates are available in today 's market from a number of different carriers , please send me an e-mail via the contact me button next to my name . I have an agent in my office that has a strong background in fixed annuities and can help get your program set up . I hope the information is helpful - please feel free to contact me with any other questions as well . Thanks very much . |
Is A Fixed Indexed Annuity A Good Idea For Seniors? | Fixed annuities are finding increased acceptance among seniors . Guarantees are important to seniors who are concerned with any loss in their investments . The fixed annuity gives safety for the rest of the life of the senior . Fixed annuities are being purchased to provide a boost to the income of the senior after they reach an older age . This compensates for inflation . Should death occur before this deferred annuity starts its payments the principle in the annuity would pass to the heirs in accordance with the beneficiary provisions . |
Is A Fixed Indexed Annuity A Good Idea For Seniors? | That is a great question ! They can be , a great investment , depending upon your financial situation . An agent will do what is called a `` suitability study '' with you to determine whether an annuity is right for you . The suitability study is designed to see if the investment in an annuity is a safe investment for you to make - is it financially safe , will it meet your retirement needs , and does it fall within the tolerable amount of risk that you are comfortable with . Annuities are not very flexible for a period of time when it comes to the money that you invest . There are large fees and penalties , and much damage done to the earnings potential if you need to take back money from your annuity in the first years of the contract . This period is called the `` surrender period '' , and may last as long as 10 years . That makes an annuity something that should be seriously considered only if you have some safeguards in place , and have a good cash flow . That said , if it is a suitable investment , then it can be a terrific one to make . Annuities can guarantee an income that you ca n't outlive , and with our increasing lifespans that is a great thing to have ! There are some really good annuity products out there , and the indexed ones have some great earning potential and guarantees . If there are specific questions that you have , feel free to contact me , I 'm happy to help . Thanks for asking ! |
What Is A Contingent Owner On A Life Insurance Policy? | A contingent owner on a life insurance policy is the person who would own the policy if the primary owner died . Contingent owners are only used when the primary owner is not also the insured person . The owner is the one who stipulate the beneficiary , method of payment , and all decisions regarding the policy . So if the primary owner would pass away , the contingent owner would make those decisions . |
What Is Non-Participating Whole Life Insurance? | Non participating whole life is a level guaranteed premium to a fixed age to the maturity date of the contract , generally from age 100 to age 121 . Non participating means there are no annual or terminal dividends generated by the policy . The crediting method is generally interest rate driven . |
What Is Non-Participating Whole Life Insurance? | Non-participating whole life insurance is very straightforward coverage . Your premiums are fixed and guaranteed for life . You pay your premium for the policy and at whatever point in time death occurs , the policy pays out a death benefit . As with any permanent life policy , it does build cash value that you can borrow against , however these policies do not pay any dividends that can normally be used to reduce your premiums , secure paid up additions -LRB- increasing your total death benefit -RRB- , or making a payment to the policyowner . Only participating whole life policies can pay dividends . I hope the information is helpful - please feel free to contact me for assistance with your life insurance needs , including quotes and policy comparisons , and if you have any other questions . Thanks very much . |
What Is Non-Participating Whole Life Insurance? | That is a great question ! Many insurers are regular corporations , and some are mutual or fraternal organizations . As they make money , as in any corporation , there are dividends that may be paid . Mutual insurers are a lot like mutual funds , -LRB- I am simplifying this tremendously -RRB- in that they will generally pay those dividends , as each policy holder is a shareholder in the company . The ones that pay are `` participating '' ; the ones that do n't are `` non-participating . '' Unfortunately , there are far less participating companies than non-participating . I hope that helps , thanks for asking ! |
What Is Non-Participating Whole Life Insurance? | Non-parcipitating whole life insurance is insurance under which the insured is not entitled to share in the divisible surplus of the company . Everything is set when a non-participating policy is taken out and nothing can be changed : death benefits , premiums and cash surrender values are all determined when the policy is purchased . |
Can We Switch Home Insurance? | Homeowners insurance like auto insurance can typically be cancelled with a carrier at any time and picked up a new carrier on the same date . Most local agents will provide you with a price for coverage and assist you with the cancellation of your coverage with your current carrier at your request . |
Is Cancer Covered Under Disability Insurance? | Disability income plans pay as long as you meet the definition of disability , regardless of the disabling condition . If you are unable to work for any reason , illness or accident , and meet the policy definition that qualifies you for benefit , the carrier will pay your monthly benefit until you recover , die or exhaust your benefits . |
When Is Life Insurance Included In The Gross Estate? | In general terms , life insurance proceeds are included in the estate when owned personally . This may or may not present a problem depending upon the exemption in the state of residency . The federal unified credit is over 5 million for an individual . But if federal or state transfer taxes are a concern , you may consider an irrevocable life insurance trust as your policy owner . Consult an attorney before assigning or changing ownership of personal property . |
What Is Group Registered Retirement Savings Plan? | In Canada a group Registered Retirement Savings is simply a company sponsored RRSP . It is covered by the same legislation as an individual plan . In most cases the company -LRB- employer -RRB- is making a contribution to the plan and / or paying some or all of the administration costs . It is often used as as substitute and sometimes as an addition to a company pension plan . If you would like to work with a local Retirement Planner , you could start with a Google search . For example if you search for : retirement planner Halifax or retirement planning Halifax , my name along with several others will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . |
Does Scuba Diving Affect Life Insurance? | Yes , scuba diving can affect life insurance rates . Recreational scuba diving less than 50 feet does not affect rates at all with many life insurance companies , so that if you are able to get the best rating based on your health , your diving will not bring that rating down . Some will allow the best or Preferred rating for divers who are experienced and do not exceed a depth of 75 ' . Being a certified diver and/or diving only in a club or with an instructor helps get the best rates . When dives are over 75 ' or the diver does cave diving , rescue diving or diving alone in remote areas , the scuba diving can bring rates down to Standard , add a flat extra , or even cause a decline . Agents familiar with this type of policy can get all the pertinent details from you and find out ahead of time which company has the best price for your particular type of scuba diving . |
Can I Get Health Insurance With Fibromyalgia? | Under the Afforable Care Act , you can not be declined for health insurance due to a pre-existing condition or other health-related issue . You have the option to secure a bronze , silver , gold , or platinum level plan - please note , not every carrier offers a plan under each level -LRB- e.g. company XYZ may only offer bronze , silver , and gold plans , but not platinum plans -RRB- . Individuals under age 30 also have the option of securing a catastrophic plan . If you qualify for a subsidy , you would want to look into plans ON the health insurance exchanges . If you do n't qualify for one , you may want to look into plans OFF the exchanges as you will generally have more options available to you . I always recommend consulting with an experienced broker if you 're looking for coverage or want to review your existing insurance to see if a better option is available . Insurance brokers have an in-depth knowledge of products from many different carriers and can help you determine the plan that 's going to best serve your needs and your budget . Please let me know if I can be of further assistance . Thanks very much . |